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2021-06-28

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2021-06-28

[财迷]

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2021-06-27

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Tesla ‘Recall’ in China to Impact Nearly 300,000 Vehicles. What to Know.<blockquote>特斯拉在华 “召回 ”影响近 30 万辆汽车。要知道什么。</blockquote>

2021-06-27

[财迷]

Amazon: Good Stock, Not Good Price<blockquote>亚马逊：库存好，价格不好</blockquote>

2021-06-26

Good

These Stocks Could Have ‘Significant Upside’ From Infrastructure Spending<blockquote>这些股票可能会从基础设施支出中获得 “显著上涨空间”</blockquote>

2021-06-26

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2021-06-24

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2021-06-24

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2021-06-23

Great ariticle, would you like to share it?

Krispy Kreme Seeks $640 Million in IPO as Sales Move Online<blockquote>随着销售转移到线上，Krispy Kreme 寻求 6.4 亿美元 IPO</blockquote>

2021-06-23

👍

Big Oil CEOs Join Traders in Seeing Possibility of $100 Oil<blockquote>大型石油公司首席执行官与交易员一起看到油价达到 100 美元的可能性</blockquote>

2021-06-22

👍

Evergrande Fights Short Sellers With $400 Million Asset Sale<blockquote>恒大以4亿美元资产出售对抗卖空者</blockquote>

2021-06-22

[财迷]

AMC, GameStop Slide As Jim Cramer Warns 'The Iceman Cometh' on Meme Stocks<blockquote>吉姆·克莱默警告模因股票“冰人即将到来”，AMC 和游戏驿站下滑</blockquote>

2021-06-22

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2021-06-21

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抱歉，原内容已删除

2021-06-21

great

抱歉，原内容已删除

2021-06-20

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抱歉，原内容已删除

2021-06-20

[财迷]

抱歉，原内容已删除

2021-06-19

[财迷]

抱歉，原内容已删除

2021-06-19

[开心]

抱歉，原内容已删除

2021-06-18

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抱歉，原内容已删除

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10:16","market":"us","language":"en","title":"Tesla ‘Recall’ in China to Impact Nearly 300,000 Vehicles. What to Know.<blockquote>特斯拉在华 “召回 ”影响近 30 万辆汽车。要知道什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121141266","media":"Barrons","summary":"Tesla will have to “recall” nearly 300,000 vehicles made in China or imported there due to a problem with an assisted driving function, China’s State Administration for Market Regulation said late on Friday.Tesla  apologized on Weibo, a Chinese social media site. “We apologize for the inconvenience caused by this recall to all car owners,” the company said, according toThe Wall Street Journal. “Tesla will continue to improve safety in strict accordance with national requirements.”The notice from","content":"<p>Tesla&nbsp;will have to “recall” nearly 300,000 vehicles made in China or imported there due to a problem with an assisted driving function, China’s State Administration for Market Regulation said late on Friday.</p><p><blockquote>中国国家市场监督管理总局周五晚些时候表示，由于辅助驾驶功能出现问题，特斯拉将不得不 “召回 ”近 30 万辆中国制造或进口汽车。</blockquote></p><p> Tesla (ticker: TSLA) apologized on Weibo, a Chinese social media site. “We apologize for the inconvenience caused by this recall to all car owners,” the company said, according toThe Wall Street Journal. “Tesla will continue to improve safety in strict accordance with national requirements.”</p><p><blockquote>特斯拉（股票代码：TSLA）在中国社交媒体网站微博上道歉。“据《华尔街日报》报道，该公司表示：”对于此次召回给所有车主带来的不便，我们深表歉意。“特斯拉将继续严格按照国家要求提高安全性。”</blockquote></p><p> The notice from the Chinese regulator said that the cruise control system could be activated by accident, which could cause a collision, according to newswire service&nbsp;AFP. Tesla will be able to update the software for impacted customers remotely, so they will not have to return their cars, the report said. The regulator did not immediately answer a question from<i>Barron’s</i>on whether the issue had already led to collisions in China.</p><p><blockquote>据法新社报道，中国监管机构的通知称，巡航控制系统可能会意外启动，从而导致碰撞。报告称，特斯拉将能够远程为受影响的客户更新软件，因此他们不必归还汽车。监管机构没有立即回答来自<i>巴伦</i>这个问题是否已经导致了中国的碰撞。</blockquote></p><p> China is a key market for Tesla, which sells about 30% of its vehicles there. Sales in China have been spotty lately, with a decline in April followed by&nbsp;more promising May numbers. Tesla has been making vehicles at a Shanghai plant since 2019.</p><p><blockquote>中国是特斯拉的一个重要市场，该公司约 30% 的汽车在中国销售。中国的销售最近一直不稳定，4 月份出现下降，随后 5 月份的数据更加有希望。自 2019 年以来，特斯拉一直在上海工厂生产汽车。</blockquote></p><p> Lately, there have been complaints from some Chinese customers about Tesla’s quality and service, with&nbsp;a protest at the Shanghai Auto Show in April. Tesla apologized to customers in April for how it dealt with customer complaints.</p><p><blockquote>最近，一些中国客户对特斯拉的质量和服务提出了投诉，并在 4 月份的上海车展上举行了抗议活动。特斯拉在四月份就其处理客户投诉的方式向客户道歉。</blockquote></p><p> The issues are part of&nbsp;a larger public relations problem&nbsp;that may be weighing on Tesla stock, which is down 5% this year after rising eight-fold in 2020. That said, the stock was&nbsp;on an upswing over the past week, perhaps related to optimism about end-of-quarter vehicle deliveries. Tesla has not announced the date of its second-quarter earnings report yet.</p><p><blockquote>这些问题是更大的公共关系问题的一部分，可能会给特斯拉股价带来压力，该股在 2020 年上涨八倍后，今年已下跌 5%。也就是说，该股在过去一周一直在上涨，这可能与对季度末汽车交付的乐观情绪有关。特斯拉尚未公布第二季度财报发布日期。</blockquote></p><p> It’s not clear if the issue in China could also impact vehicles in the U.S. Tesla did not immediately respond to a request for comment on Saturday morning.</p><p><blockquote>特斯拉周六上午没有立即回应置评请求。</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>Tesla ‘Recall’ in China to Impact Nearly 300,000 Vehicles. What to Know.<blockquote>特斯拉在华 “召回 ”影响近 30 万辆汽车。要知道什么。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla ‘Recall’ in China to Impact Nearly 300,000 Vehicles. What to Know.<blockquote>特斯拉在华 “召回 ”影响近 30 万辆汽车。要知道什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-27 10:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla&nbsp;will have to “recall” nearly 300,000 vehicles made in China or imported there due to a problem with an assisted driving function, China’s State Administration for Market Regulation said late on Friday.</p><p><blockquote>中国国家市场监督管理总局周五晚些时候表示，由于辅助驾驶功能出现问题，特斯拉将不得不 “召回 ”近 30 万辆中国制造或进口汽车。</blockquote></p><p> Tesla (ticker: TSLA) apologized on Weibo, a Chinese social media site. “We apologize for the inconvenience caused by this recall to all car owners,” the company said, according toThe Wall Street Journal. “Tesla will continue to improve safety in strict accordance with national requirements.”</p><p><blockquote>特斯拉（股票代码：TSLA）在中国社交媒体网站微博上道歉。“据《华尔街日报》报道，该公司表示：”对于此次召回给所有车主带来的不便，我们深表歉意。“特斯拉将继续严格按照国家要求提高安全性。”</blockquote></p><p> The notice from the Chinese regulator said that the cruise control system could be activated by accident, which could cause a collision, according to newswire service&nbsp;AFP. Tesla will be able to update the software for impacted customers remotely, so they will not have to return their cars, the report said. The regulator did not immediately answer a question from<i>Barron’s</i>on whether the issue had already led to collisions in China.</p><p><blockquote>据法新社报道，中国监管机构的通知称，巡航控制系统可能会意外启动，从而导致碰撞。报告称，特斯拉将能够远程为受影响的客户更新软件，因此他们不必归还汽车。监管机构没有立即回答来自<i>巴伦</i>这个问题是否已经导致了中国的碰撞。</blockquote></p><p> China is a key market for Tesla, which sells about 30% of its vehicles there. Sales in China have been spotty lately, with a decline in April followed by&nbsp;more promising May numbers. Tesla has been making vehicles at a Shanghai plant since 2019.</p><p><blockquote>中国是特斯拉的一个重要市场，该公司约 30% 的汽车在中国销售。中国的销售最近一直不稳定，4 月份出现下降，随后 5 月份的数据更加有希望。自 2019 年以来，特斯拉一直在上海工厂生产汽车。</blockquote></p><p> Lately, there have been complaints from some Chinese customers about Tesla’s quality and service, with&nbsp;a protest at the Shanghai Auto Show in April. Tesla apologized to customers in April for how it dealt with customer complaints.</p><p><blockquote>最近，一些中国客户对特斯拉的质量和服务提出了投诉，并在 4 月份的上海车展上举行了抗议活动。特斯拉在四月份就其处理客户投诉的方式向客户道歉。</blockquote></p><p> The issues are part of&nbsp;a larger public relations problem&nbsp;that may be weighing on Tesla stock, which is down 5% this year after rising eight-fold in 2020. That said, the stock was&nbsp;on an upswing over the past week, perhaps related to optimism about end-of-quarter vehicle deliveries. Tesla has not announced the date of its second-quarter earnings report yet.</p><p><blockquote>这些问题是更大的公共关系问题的一部分，可能会给特斯拉股价带来压力，该股在 2020 年上涨八倍后，今年已下跌 5%。也就是说，该股在过去一周一直在上涨，这可能与对季度末汽车交付的乐观情绪有关。特斯拉尚未公布第二季度财报发布日期。</blockquote></p><p> It’s not clear if the issue in China could also impact vehicles in the U.S. Tesla did not immediately respond to a request for comment on Saturday morning.</p><p><blockquote>特斯拉周六上午没有立即回应置评请求。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-recall-china-51624718932?mod=hp_LATEST\">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":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-recall-china-51624718932?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121141266","content_text":"Tesla will have to “recall” nearly 300,000 vehicles made in China or imported there due to a problem with an assisted driving function, China’s State Administration for Market Regulation said late on Friday.\nTesla (ticker: TSLA) apologized on Weibo, a Chinese social media site. “We apologize for the inconvenience caused by this recall to all car owners,” the company said, according toThe Wall Street Journal. “Tesla will continue to improve safety in strict accordance with national requirements.”\nThe notice from the Chinese regulator said that the cruise control system could be activated by accident, which could cause a collision, according to newswire service AFP. Tesla will be able to update the software for impacted customers remotely, so they will not have to return their cars, the report said. The regulator did not immediately answer a question fromBarron’son whether the issue had already led to collisions in China.\nChina is a key market for Tesla, which sells about 30% of its vehicles there. Sales in China have been spotty lately, with a decline in April followed by more promising May numbers. Tesla has been making vehicles at a Shanghai plant since 2019.\nLately, there have been complaints from some Chinese customers about Tesla’s quality and service, with a protest at the Shanghai Auto Show in April. Tesla apologized to customers in April for how it dealt with customer complaints.\nThe issues are part of a larger public relations problem that may be weighing on Tesla stock, which is down 5% this year after rising eight-fold in 2020. That said, the stock was on an upswing over the past week, perhaps related to optimism about end-of-quarter vehicle deliveries. Tesla has not announced the date of its second-quarter earnings report yet.\nIt’s not clear if the issue in China could also impact vehicles in the U.S. Tesla did not immediately respond to a request for comment on Saturday morning.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124761605,"gmtCreate":1624794027707,"gmtModify":1633948571816,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124761605","repostId":"1184001921","repostType":4,"repost":{"id":"1184001921","kind":"news","pubTimestamp":1624763737,"share":"https://www.laohunote.com/m/news/1184001921?lang=zh_CN&edition=full","pubTime":"2021-06-27 11:15","market":"us","language":"en","title":"Amazon: Good Stock, Not Good Price<blockquote>亚马逊：库存好，价格不好</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184001921","media":"seekingalpha","summary":"Summary\n\nAmazon is one of the most innovative companies in the world today, leading the E-commerce i","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Amazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.</li>  <li>Unfortunately, it's a little overpriced. This is consistent with some of the other mega-cap stocks I've analyzed.</li>  <li>This article looks at what Amazon stock is most likely worth for us investors.</li>  <li>I hope you enjoy.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/451bc93115fb453c0fcb76434c40f7f4\" tg-width=\"1536\" tg-height=\"1024\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是当今世界最具创新精神的公司之一，引领着电子商务行业和云计算服务。</li><li>不幸的是，它的价格有点过高。这与我分析过的其他一些大型股一致。</li><li>本文着眼于亚马逊股票对美国投资者来说最有可能的价值。</li><li>我希望你喜欢。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Today, Amazon (AMZN) seems to be a little overpriced based on my intrinsic value model.</p><p><blockquote>如今，根据我的内在价值模型，亚马逊（AMZN）似乎有点定价过高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a82d937a2de3f0709088e1ab4548267b\" tg-width=\"371\" tg-height=\"260\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> You might have seen some of my other articles where I've bashed other popular stocks like Apple (AAPL) or Microsoft (MSFT). Well, I guess today it's Amazon's turn. I just try to share what I think companies are worth, and I've found that a lot of companies seem to be overpriced.</p><p><blockquote>您可能已经看过我的其他一些文章，其中我抨击了苹果 (AAPL) 或微软 (MSFT) 等其他热门股票。好吧，我想今天轮到亚马逊了。我只是试图分享我认为公司的价值，我发现很多公司似乎定价过高。</blockquote></p><p> In this article, I'll break down how I came up with Amazon's valuation. I know that there's tons of different opinions out there about Amazon, so I'll try to share the reasoning behind my valuation to help you make better investments in the future.</p><p><blockquote>在这篇文章中，我将分析我是如何得出亚马逊估值的。我知道关于亚马逊有很多不同的观点，所以我会尝试分享我的估值背后的原因，以帮助你在未来做出更好的投资。</blockquote></p><p> Something important you should know - I'm not an expert on Amazon, and I have a really difficult time valuing growth stocks. I really doubt that I have the ability to estimate a company's future growth. I made future growth estimates by looking at past growth and making conservative estimates of the future.</p><p><blockquote>你应该知道一件重要的事情——我不是亚马逊方面的专家，而且我很难评估成长型股票。我真的怀疑我是否有能力估计一家公司的未来增长。我通过观察过去的增长并对未来做出保守的估计来预测未来的增长。</blockquote></p><p> This method borders on \"data extrapolation\", which is making assumptions based on past data. Data extrapolation isn't great because the future is different from the past - so making future projections based on past data isn't ideal.</p><p><blockquote>这种方法接近于“数据外推”，即根据过去的数据做出假设。数据外推不是很好，因为未来不同于过去——所以根据过去的数据进行未来预测并不理想。</blockquote></p><p> But after valuing hundreds of companies, I've found that this kind of style does a good job of getting the valuation approximately right. I always try to set my valuations low, because it's better to buy low and make a killing than buy high and lose money.</p><p><blockquote>但在对数百家公司进行估值后，我发现这种风格在获得大致正确的估值方面做得很好。我总是尽量把我的估值定得低，因为低买高卖赔钱不如低买高卖。</blockquote></p><p>   Warren Buffett said, “The three most important words in investing are  <b>margin of safety</b>.” That means to buy stuff on sale... That's the whole secret to great investing.    Rule 1 Investing  This model is built on getting the valuation \"approximately right,\" and looking to buy with a large margin of safety. I hope you enjoy, and as always, I'll try to keep it clean and common sense.</p><p><blockquote>沃伦·巴菲特说：“投资中最重要的三个词是<b>安全裕度</b>意思是买打折的东西……这就是伟大投资的全部秘诀。规则 1 投资该模型的基础是获得“大致正确”的估值，并寻求以较大的安全边际购买。我希望你喜欢，一如既往，我会尽量保持干净和常识。</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Where does Amazon get its money? Amazon is split into 3 segments: North America, International, and AWS.</p><p><blockquote>亚马逊从哪里来钱？亚马逊分为3个部门：北美、国际和AWS。</blockquote></p><p> As a market leader in 2 high growth industries (E-commerce and cloud computing), Amazon will probably continue to see high growth in the future. In this section, I looked at the past revenue growth and operating margins for each of Amazon's segments, and I used this to make conservative future projections.</p><p><blockquote>作为2个高增长行业（电子商务和云计算）的市场领导者，亚马逊未来很可能会继续保持高增长。在本节中，我查看了亚马逊每个细分市场过去的收入增长和营业利润率，并以此对未来做出了保守的预测。</blockquote></p><p> And later, I added up the numbers from each segment to make projections for the whole company. Here's a look at AMZN's North America segment. This segment's revenue comes from retail sales and subscription service revenues.</p><p><blockquote>后来，我把每个细分市场的数字加起来，对整个公司进行预测。以下是 AMZN 的北美业务。该部门的收入来自零售销售和订阅服务收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce022c0ecacc3829cf83378211bbfd9d\" tg-width=\"640\" tg-height=\"192\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> I projected declining revenue growth and strong operating margins for this segment. I projected slower revenue growth, because I figure there has to be a cap on how much money Amazon can make in North America.</p><p><blockquote>我预计该部门的收入增长将下降，营业利润率将强劲。我预计收入增长会放缓，因为我认为亚马逊在北美能赚多少钱必须有一个上限。</blockquote></p><p> Hopefully, Amazon will exceed this revenue growth. But, I do think it would be a pretty incredible feat for Amazon to grow from $200B in revenue to $400B in 5 years.</p><p><blockquote>希望亚马逊能够超过这一收入增长。但是，我确实认为亚马逊在5年内从2000亿美元的收入增长到4000亿美元将是一个非常不可思议的壮举。</blockquote></p><p> Here's a look at Amazon's International segment:</p><p><blockquote>以下是亚马逊的国际业务：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3d7a5bde370f55e863f58c888abc496\" tg-width=\"640\" tg-height=\"219\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> For Amazon's international segment, I projected 20% annual revenue growth, and improving operating margins. I figured that operating margins would gradually improve until the margins reached a similar point to what Amazon sees in its US segment.</p><p><blockquote>对于亚马逊的国际部门，我预计年收入增长 20%，营业利润率将有所提高。我认为营业利润率会逐渐提高，直到利润率达到与亚马逊美国业务相似的水平。</blockquote></p><p> And for Amazon's last and most exciting segment, here's AWS:</p><p><blockquote>对于亚马逊最后也是最令人兴奋的部分，这里是 AWS：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/769700013871f2cd09e8ce47cfb10966\" tg-width=\"640\" tg-height=\"203\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> AWS is undoubtedly going to bring high growth for Amazon, and high profits. I projected that the AWS segment will probably continue to grow at a high rate. I projected a 25-30% annual revenue growth rate because cloud computing has a lot of room to grow, and according to Research and Markets, the cloud computing industry should grow at about&nbsp;17.5% CAGR&nbsp;until 2025.</p><p><blockquote>AWS无疑将为亚马逊带来高增长和高利润。我预计 AWS 细分市场可能会继续高速增长。我预计年收入增长率为25-30%，因为云计算有很大的增长空间，根据研究和市场，到2025年，云计算行业的CAGR增长率应该约为17.5%。</blockquote></p><p></p><p> Additionally, I projected 28% operating margins, because the AWS business benefits from operating leverage. As more people use the software, the company is able to make higher margins as it spreads costs over more people. It's possible that Amazon could exceed 28% operating margins, so there might be upside to Amazon's fair value.</p><p><blockquote>此外，我预计营业利润率为 28%，因为 AWS 业务受益于运营杠杆。随着越来越多的人使用该软件，该公司能够将成本分摊到更多人身上，从而获得更高的利润。亚马逊的营业利润率有可能超过 28%，因此亚马逊的公允价值可能会有上涨空间。</blockquote></p><p> These projections were added together to help us figure out what the entire company should be worth.</p><p><blockquote>这些预测被加在一起，以帮助我们计算出整个公司的价值。</blockquote></p><p> <b>Capital Allocation</b></p><p><blockquote><b>资本配置</b></blockquote></p><p> How does Amazon spend its money? You might find it interesting to analyze Amazon's capital allocation, so you can see what Amazon does with its money, and where it might be investing for the future.</p><p><blockquote>亚马逊是怎么花钱的？你可能会发现分析亚马逊的资本配置很有趣，这样你就可以看到亚马逊用它的钱做了什么，以及它未来可能会投资到哪里。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45f5afa0f641ee1aae39aa69cc150165\" tg-width=\"619\" tg-height=\"499\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> The biggest portion of Amazon's operating cash flows goes towards capital expenditures. From what I can tell, Amazon has not had any share activity over the past 5 years. The company has issued shares - but from the looks of the cash flow statement, it looks like they haven't raised any money from selling shares, and they haven't spent any money buying back shares.</p><p><blockquote>亚马逊运营现金流的最大部分用于资本支出。据我所知，亚马逊在过去5年里没有任何分享活动。该公司已经发行股票——但从现金流量表来看，他们似乎没有通过出售股票筹集到任何资金，也没有花任何钱回购股票。</blockquote></p><p>   In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration.  <i>There were no repurchases of common stock in 2018, 2019, or 2020.</i>    Source:2020 10-K&nbsp;page 60,  <i>emphasis added</i>  But for our purposes, this quote shows that Amazon hasn't bought back any stock over the past 3 years. They also haven't spent any money on dividends, which is good because they're a high growth company.</p><p><blockquote>2016年2月，董事会批准了一项回购高达50亿美元普通股的计划，没有固定的到期日。<i>2018年、2019年或2020年没有回购普通股。</i>来源：2020 10-K 第 60 页，<i>增加了重点</i>但就我们的目的而言，这句话表明亚马逊在过去 3 年里没有回购任何股票。他们也没有在股息上花任何钱，这很好，因为他们是一家高增长公司。</blockquote></p><p> Amazon has consistently spent money on acquisitions and paying down debt. What's really interesting is that Amazon has built up a lot of spare cash over the past 5 years. Their cash position has risen about $58B since 2016, going from about $26B at the end of 2016 to about $84B at the end of 2020.</p><p><blockquote>亚马逊一直在收购和偿还债务上花钱。真正有趣的是，亚马逊在过去5年里积累了大量闲置现金。自2016年以来，他们的现金头寸增加了约580亿美元，从2016年底的约26B美元增加到2020年底的约840亿美元。</blockquote></p><p> Amazon has a lot more cash than they used to, so we could see future spending go towards a dividend, share buybacks, new acquisitions, or maybe more business investments that will lead to growth.</p><p><blockquote>亚马逊拥有比以前多得多的现金，因此我们可能会看到未来的支出将用于股息、股票回购、新收购，或者更多将带来增长的商业投资。</blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> First, I used a discount rate of 7.7% for Amazon because that's what I found the company's weighted average cost of capital, or WACC, to be. I assumed an 8% cost of equity, and Amazon has averaged somewhere around a 20-30% tax rate over the past 10 years.</p><p><blockquote>首先，我对亚马逊使用了 7.7% 的贴现率，因为我发现该公司的加权平均资本成本 (WACC) 就是这样。我假设股权成本为 8%，过去 10 年亚马逊的平均税率约为 20-30%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c036264f19bb10fdad477a629b40f803\" tg-width=\"361\" tg-height=\"288\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> I used a DCF model to find Amazon's value today. In the model down below, you can see in the top 2 red boxes that I projected that the company would have lower revenue growth and strong operating margins.</p><p><blockquote>我用DCF模型找到了亚马逊今天的价值。在下面的模型中，您可以在顶部 2 个红色方框中看到，我预计该公司的收入增长将较低，营业利润率将较高。</blockquote></p><p> This model projects that Amazon will have over $850B in revenue by 2025. That's absolutely nuts if you think about it, but based on estimated revenue growth, it seems feasible.</p><p><blockquote>该模型预计，到 2025 年，亚马逊的收入将超过 8500 亿美元。仔细想想，这绝对是疯狂的，但根据预计的收入增长，这似乎是可行的。</blockquote></p><p> Right now, Walmart(NYSE:WMT)leads the world in revenue with about $550B. Amazon sits in third place for annual revenue, with about $390B. In 5 years, Amazon could easily have the largest revenue of any company in the world.</p><p><blockquote>目前，沃尔玛（纽约证券交易所股票代码：WMT）以约 5500 亿美元的收入领先全球。亚马逊的年收入排名第三，约为 3900 亿美元。5年后，亚马逊很容易成为世界上收入最高的公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95c459abcbda43e35b40379a1083ecae\" tg-width=\"640\" tg-height=\"510\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Down at the bottom of this model, you can see there's a red box that projects unlevered FCF margins. This basically measures how much of the company's revenue will become business profits, without including interest or debt payments. In the turquoise box, I applied the discount rate to see what the future cash flows are worth today.</p><p><blockquote>在该模型的底部，您可以看到一个红色框，显示无杠杆自由现金流利润率。这基本上衡量了公司有多少收入将成为商业利润，不包括利息或债务支付。在绿松石框中，我应用贴现率来查看未来现金流今天的价值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a3fa0846616fdc847a3fe1fdf7a09bed\" tg-width=\"267\" tg-height=\"404\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Today, it looks like Amazon is slightly overvalued. The model projects that the stock might be about 15% overvalued, and we could expect to make about 5% annual returns over the next 5 years if we invested today.</p><p><blockquote>如今，亚马逊似乎被高估了。该模型预测该股可能被高估约 15%，如果我们今天投资，我们预计未来 5 年的年回报率约为 5%。</blockquote></p><p> These estimations are based on the future cash flows that the business should generate. I don't hate Amazon or anything, I just don't think that Amazon stock would make a great investment at current prices.</p><p><blockquote>该等估计乃基于业务应产生的未来现金流量。我不讨厌亚马逊或任何东西，我只是不认为亚马逊股票在目前的价格下会是一项伟大的投资。</blockquote></p><p> Down at the bottom, I threw in 2 \"Buy Prices\" where Amazon stock might be more appealing. The idea behind this is that the cheaper AMZN stock gets, the higher returns we can expect.</p><p><blockquote>在底部，我抛出了两个亚马逊股票可能更有吸引力的“买入价”。这背后的想法是，AMZN 股票越便宜，我们期望的回报就越高。</blockquote></p><p> The model projects that you'd make around 15% annual returns at $2,200 per share, and you might make around 22% annual returns at $1,700 per share.</p><p><blockquote>该模型预计，每股 2,200 美元的年回报率约为 15%，每股 1,700 美元的年回报率约为 22%。</blockquote></p><p> \"But doesn't it seem unreasonable to set the buy price in the $2,000s when the stock's trading near $3,500?\" It does a little bit. It seems pretty unlikely that Amazon's share price will nose dive right down past $2,000.</p><p><blockquote>“但是当股票交易价格接近 3,500 美元时，将买入价设定在 2,000 美元左右是不是似乎不合理？”确实有一点点。亚马逊的股价似乎不太可能跌破 2,000 美元。</blockquote></p><p></p><p> But the idea is, if we're patient, we might get an opportunity to buy these shares underpriced. Last February, Amazon traded lower than $1,900 (I wish I bought some back then). We'll probably have opportunities in the future to buy Amazon at a discount.</p><p><blockquote>但我们的想法是，如果我们有耐心，我们可能会有机会以低价购买这些股票。去年2月，亚马逊的交易价格低于1900美元（我希望我当时买了一些）。我们将来可能有机会以折扣价购买亚马逊。</blockquote></p><p> <b>Recap</b></p><p><blockquote><b>回顾</b></blockquote></p><p> Today, it seems like Amazon is slightly overvalued, because it seems to offer about 5% annual returns over the next 5 years. That doesn't mean you should sell Amazon if you're a long time holder, because Amazon should continue to do well as a leader in E-commerce and cloud computing.</p><p><blockquote>如今，亚马逊似乎被略微高估了，因为它似乎在未来 5 年内提供了约 5% 的年回报率。这并不意味着如果你是长期持有者，你就应该出售亚马逊，因为亚马逊应该继续作为电子商务和云计算领域的领导者做得很好。</blockquote></p><p> But if you're looking for your next stock to invest in, Amazon seems to be too expensive right now. And if you've been eyeing Amazon for a while and you're looking to get in, now's not the best time to get into Amazon.</p><p><blockquote>但如果您正在寻找下一只投资股票，亚马逊现在似乎太贵了。如果你已经关注亚马逊有一段时间了，你想进入亚马逊，现在不是进入亚马逊的最佳时机。</blockquote></p><p> Even if we don't invest in the stock, we can still watch Amazon as they become the company with the most revenue in the world. And there's a lot we can learn from studying Amazon and Jeff Bezos. He's a smart dude.</p><p><blockquote>即使我们不投资股票，我们仍然可以看着亚马逊成为世界上收入最高的公司。我们可以从研究亚马逊和杰夫·贝索斯中学到很多东西。他是个聪明的家伙。</blockquote></p><p> Thank you very much for reading, and I hope that you have a great rest of your day.</p><p><blockquote>非常感谢你的阅读，我希望你今天过得愉快。</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: Good Stock, Not Good Price<blockquote>亚马逊：库存好，价格不好</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\">\nAmazon: Good Stock, Not Good Price<blockquote>亚马逊：库存好，价格不好</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-27 11:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Amazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.</li>  <li>Unfortunately, it's a little overpriced. This is consistent with some of the other mega-cap stocks I've analyzed.</li>  <li>This article looks at what Amazon stock is most likely worth for us investors.</li>  <li>I hope you enjoy.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/451bc93115fb453c0fcb76434c40f7f4\" tg-width=\"1536\" tg-height=\"1024\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是当今世界最具创新精神的公司之一，引领着电子商务行业和云计算服务。</li><li>不幸的是，它的价格有点过高。这与我分析过的其他一些大型股一致。</li><li>本文着眼于亚马逊股票对美国投资者来说最有可能的价值。</li><li>我希望你喜欢。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Today, Amazon (AMZN) seems to be a little overpriced based on my intrinsic value model.</p><p><blockquote>如今，根据我的内在价值模型，亚马逊（AMZN）似乎有点定价过高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a82d937a2de3f0709088e1ab4548267b\" tg-width=\"371\" tg-height=\"260\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> You might have seen some of my other articles where I've bashed other popular stocks like Apple (AAPL) or Microsoft (MSFT). Well, I guess today it's Amazon's turn. I just try to share what I think companies are worth, and I've found that a lot of companies seem to be overpriced.</p><p><blockquote>您可能已经看过我的其他一些文章，其中我抨击了苹果 (AAPL) 或微软 (MSFT) 等其他热门股票。好吧，我想今天轮到亚马逊了。我只是试图分享我认为公司的价值，我发现很多公司似乎定价过高。</blockquote></p><p> In this article, I'll break down how I came up with Amazon's valuation. I know that there's tons of different opinions out there about Amazon, so I'll try to share the reasoning behind my valuation to help you make better investments in the future.</p><p><blockquote>在这篇文章中，我将分析我是如何得出亚马逊估值的。我知道关于亚马逊有很多不同的观点，所以我会尝试分享我的估值背后的原因，以帮助你在未来做出更好的投资。</blockquote></p><p> Something important you should know - I'm not an expert on Amazon, and I have a really difficult time valuing growth stocks. I really doubt that I have the ability to estimate a company's future growth. I made future growth estimates by looking at past growth and making conservative estimates of the future.</p><p><blockquote>你应该知道一件重要的事情——我不是亚马逊方面的专家，而且我很难评估成长型股票。我真的怀疑我是否有能力估计一家公司的未来增长。我通过观察过去的增长并对未来做出保守的估计来预测未来的增长。</blockquote></p><p> This method borders on \"data extrapolation\", which is making assumptions based on past data. Data extrapolation isn't great because the future is different from the past - so making future projections based on past data isn't ideal.</p><p><blockquote>这种方法接近于“数据外推”，即根据过去的数据做出假设。数据外推不是很好，因为未来不同于过去——所以根据过去的数据进行未来预测并不理想。</blockquote></p><p> But after valuing hundreds of companies, I've found that this kind of style does a good job of getting the valuation approximately right. I always try to set my valuations low, because it's better to buy low and make a killing than buy high and lose money.</p><p><blockquote>但在对数百家公司进行估值后，我发现这种风格在获得大致正确的估值方面做得很好。我总是尽量把我的估值定得低，因为低买高卖赔钱不如低买高卖。</blockquote></p><p>   Warren Buffett said, “The three most important words in investing are  <b>margin of safety</b>.” That means to buy stuff on sale... That's the whole secret to great investing.    Rule 1 Investing  This model is built on getting the valuation \"approximately right,\" and looking to buy with a large margin of safety. I hope you enjoy, and as always, I'll try to keep it clean and common sense.</p><p><blockquote>沃伦·巴菲特说：“投资中最重要的三个词是<b>安全裕度</b>意思是买打折的东西……这就是伟大投资的全部秘诀。规则 1 投资该模型的基础是获得“大致正确”的估值，并寻求以较大的安全边际购买。我希望你喜欢，一如既往，我会尽量保持干净和常识。</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Where does Amazon get its money? Amazon is split into 3 segments: North America, International, and AWS.</p><p><blockquote>亚马逊从哪里来钱？亚马逊分为3个部门：北美、国际和AWS。</blockquote></p><p> As a market leader in 2 high growth industries (E-commerce and cloud computing), Amazon will probably continue to see high growth in the future. In this section, I looked at the past revenue growth and operating margins for each of Amazon's segments, and I used this to make conservative future projections.</p><p><blockquote>作为2个高增长行业（电子商务和云计算）的市场领导者，亚马逊未来很可能会继续保持高增长。在本节中，我查看了亚马逊每个细分市场过去的收入增长和营业利润率，并以此对未来做出了保守的预测。</blockquote></p><p> And later, I added up the numbers from each segment to make projections for the whole company. Here's a look at AMZN's North America segment. This segment's revenue comes from retail sales and subscription service revenues.</p><p><blockquote>后来，我把每个细分市场的数字加起来，对整个公司进行预测。以下是 AMZN 的北美业务。该部门的收入来自零售销售和订阅服务收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce022c0ecacc3829cf83378211bbfd9d\" tg-width=\"640\" tg-height=\"192\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> I projected declining revenue growth and strong operating margins for this segment. I projected slower revenue growth, because I figure there has to be a cap on how much money Amazon can make in North America.</p><p><blockquote>我预计该部门的收入增长将下降，营业利润率将强劲。我预计收入增长会放缓，因为我认为亚马逊在北美能赚多少钱必须有一个上限。</blockquote></p><p> Hopefully, Amazon will exceed this revenue growth. But, I do think it would be a pretty incredible feat for Amazon to grow from $200B in revenue to $400B in 5 years.</p><p><blockquote>希望亚马逊能够超过这一收入增长。但是，我确实认为亚马逊在5年内从2000亿美元的收入增长到4000亿美元将是一个非常不可思议的壮举。</blockquote></p><p> Here's a look at Amazon's International segment:</p><p><blockquote>以下是亚马逊的国际业务：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3d7a5bde370f55e863f58c888abc496\" tg-width=\"640\" tg-height=\"219\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> For Amazon's international segment, I projected 20% annual revenue growth, and improving operating margins. I figured that operating margins would gradually improve until the margins reached a similar point to what Amazon sees in its US segment.</p><p><blockquote>对于亚马逊的国际部门，我预计年收入增长 20%，营业利润率将有所提高。我认为营业利润率会逐渐提高，直到利润率达到与亚马逊美国业务相似的水平。</blockquote></p><p> And for Amazon's last and most exciting segment, here's AWS:</p><p><blockquote>对于亚马逊最后也是最令人兴奋的部分，这里是 AWS：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/769700013871f2cd09e8ce47cfb10966\" tg-width=\"640\" tg-height=\"203\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> AWS is undoubtedly going to bring high growth for Amazon, and high profits. I projected that the AWS segment will probably continue to grow at a high rate. I projected a 25-30% annual revenue growth rate because cloud computing has a lot of room to grow, and according to Research and Markets, the cloud computing industry should grow at about&nbsp;17.5% CAGR&nbsp;until 2025.</p><p><blockquote>AWS无疑将为亚马逊带来高增长和高利润。我预计 AWS 细分市场可能会继续高速增长。我预计年收入增长率为25-30%，因为云计算有很大的增长空间，根据研究和市场，到2025年，云计算行业的CAGR增长率应该约为17.5%。</blockquote></p><p></p><p> Additionally, I projected 28% operating margins, because the AWS business benefits from operating leverage. As more people use the software, the company is able to make higher margins as it spreads costs over more people. It's possible that Amazon could exceed 28% operating margins, so there might be upside to Amazon's fair value.</p><p><blockquote>此外，我预计营业利润率为 28%，因为 AWS 业务受益于运营杠杆。随着越来越多的人使用该软件，该公司能够将成本分摊到更多人身上，从而获得更高的利润。亚马逊的营业利润率有可能超过 28%，因此亚马逊的公允价值可能会有上涨空间。</blockquote></p><p> These projections were added together to help us figure out what the entire company should be worth.</p><p><blockquote>这些预测被加在一起，以帮助我们计算出整个公司的价值。</blockquote></p><p> <b>Capital Allocation</b></p><p><blockquote><b>资本配置</b></blockquote></p><p> How does Amazon spend its money? You might find it interesting to analyze Amazon's capital allocation, so you can see what Amazon does with its money, and where it might be investing for the future.</p><p><blockquote>亚马逊是怎么花钱的？你可能会发现分析亚马逊的资本配置很有趣，这样你就可以看到亚马逊用它的钱做了什么，以及它未来可能会投资到哪里。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45f5afa0f641ee1aae39aa69cc150165\" tg-width=\"619\" tg-height=\"499\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> The biggest portion of Amazon's operating cash flows goes towards capital expenditures. From what I can tell, Amazon has not had any share activity over the past 5 years. The company has issued shares - but from the looks of the cash flow statement, it looks like they haven't raised any money from selling shares, and they haven't spent any money buying back shares.</p><p><blockquote>亚马逊运营现金流的最大部分用于资本支出。据我所知，亚马逊在过去5年里没有任何分享活动。该公司已经发行股票——但从现金流量表来看，他们似乎没有通过出售股票筹集到任何资金，也没有花任何钱回购股票。</blockquote></p><p>   In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration.  <i>There were no repurchases of common stock in 2018, 2019, or 2020.</i>    Source:2020 10-K&nbsp;page 60,  <i>emphasis added</i>  But for our purposes, this quote shows that Amazon hasn't bought back any stock over the past 3 years. They also haven't spent any money on dividends, which is good because they're a high growth company.</p><p><blockquote>2016年2月，董事会批准了一项回购高达50亿美元普通股的计划，没有固定的到期日。<i>2018年、2019年或2020年没有回购普通股。</i>来源：2020 10-K 第 60 页，<i>增加了重点</i>但就我们的目的而言，这句话表明亚马逊在过去 3 年里没有回购任何股票。他们也没有在股息上花任何钱，这很好，因为他们是一家高增长公司。</blockquote></p><p> Amazon has consistently spent money on acquisitions and paying down debt. What's really interesting is that Amazon has built up a lot of spare cash over the past 5 years. Their cash position has risen about $58B since 2016, going from about $26B at the end of 2016 to about $84B at the end of 2020.</p><p><blockquote>亚马逊一直在收购和偿还债务上花钱。真正有趣的是，亚马逊在过去5年里积累了大量闲置现金。自2016年以来，他们的现金头寸增加了约580亿美元，从2016年底的约26B美元增加到2020年底的约840亿美元。</blockquote></p><p> Amazon has a lot more cash than they used to, so we could see future spending go towards a dividend, share buybacks, new acquisitions, or maybe more business investments that will lead to growth.</p><p><blockquote>亚马逊拥有比以前多得多的现金，因此我们可能会看到未来的支出将用于股息、股票回购、新收购，或者更多将带来增长的商业投资。</blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> First, I used a discount rate of 7.7% for Amazon because that's what I found the company's weighted average cost of capital, or WACC, to be. I assumed an 8% cost of equity, and Amazon has averaged somewhere around a 20-30% tax rate over the past 10 years.</p><p><blockquote>首先，我对亚马逊使用了 7.7% 的贴现率，因为我发现该公司的加权平均资本成本 (WACC) 就是这样。我假设股权成本为 8%，过去 10 年亚马逊的平均税率约为 20-30%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c036264f19bb10fdad477a629b40f803\" tg-width=\"361\" tg-height=\"288\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> I used a DCF model to find Amazon's value today. In the model down below, you can see in the top 2 red boxes that I projected that the company would have lower revenue growth and strong operating margins.</p><p><blockquote>我用DCF模型找到了亚马逊今天的价值。在下面的模型中，您可以在顶部 2 个红色方框中看到，我预计该公司的收入增长将较低，营业利润率将较高。</blockquote></p><p> This model projects that Amazon will have over $850B in revenue by 2025. That's absolutely nuts if you think about it, but based on estimated revenue growth, it seems feasible.</p><p><blockquote>该模型预计，到 2025 年，亚马逊的收入将超过 8500 亿美元。仔细想想，这绝对是疯狂的，但根据预计的收入增长，这似乎是可行的。</blockquote></p><p> Right now, Walmart(NYSE:WMT)leads the world in revenue with about $550B. Amazon sits in third place for annual revenue, with about $390B. In 5 years, Amazon could easily have the largest revenue of any company in the world.</p><p><blockquote>目前，沃尔玛（纽约证券交易所股票代码：WMT）以约 5500 亿美元的收入领先全球。亚马逊的年收入排名第三，约为 3900 亿美元。5年后，亚马逊很容易成为世界上收入最高的公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95c459abcbda43e35b40379a1083ecae\" tg-width=\"640\" tg-height=\"510\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Down at the bottom of this model, you can see there's a red box that projects unlevered FCF margins. This basically measures how much of the company's revenue will become business profits, without including interest or debt payments. In the turquoise box, I applied the discount rate to see what the future cash flows are worth today.</p><p><blockquote>在该模型的底部，您可以看到一个红色框，显示无杠杆自由现金流利润率。这基本上衡量了公司有多少收入将成为商业利润，不包括利息或债务支付。在绿松石框中，我应用贴现率来查看未来现金流今天的价值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a3fa0846616fdc847a3fe1fdf7a09bed\" tg-width=\"267\" tg-height=\"404\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Today, it looks like Amazon is slightly overvalued. The model projects that the stock might be about 15% overvalued, and we could expect to make about 5% annual returns over the next 5 years if we invested today.</p><p><blockquote>如今，亚马逊似乎被高估了。该模型预测该股可能被高估约 15%，如果我们今天投资，我们预计未来 5 年的年回报率约为 5%。</blockquote></p><p> These estimations are based on the future cash flows that the business should generate. I don't hate Amazon or anything, I just don't think that Amazon stock would make a great investment at current prices.</p><p><blockquote>该等估计乃基于业务应产生的未来现金流量。我不讨厌亚马逊或任何东西，我只是不认为亚马逊股票在目前的价格下会是一项伟大的投资。</blockquote></p><p> Down at the bottom, I threw in 2 \"Buy Prices\" where Amazon stock might be more appealing. The idea behind this is that the cheaper AMZN stock gets, the higher returns we can expect.</p><p><blockquote>在底部，我抛出了两个亚马逊股票可能更有吸引力的“买入价”。这背后的想法是，AMZN 股票越便宜，我们期望的回报就越高。</blockquote></p><p> The model projects that you'd make around 15% annual returns at $2,200 per share, and you might make around 22% annual returns at $1,700 per share.</p><p><blockquote>该模型预计，每股 2,200 美元的年回报率约为 15%，每股 1,700 美元的年回报率约为 22%。</blockquote></p><p> \"But doesn't it seem unreasonable to set the buy price in the $2,000s when the stock's trading near $3,500?\" It does a little bit. It seems pretty unlikely that Amazon's share price will nose dive right down past $2,000.</p><p><blockquote>“但是当股票交易价格接近 3,500 美元时，将买入价设定在 2,000 美元左右是不是似乎不合理？”确实有一点点。亚马逊的股价似乎不太可能跌破 2,000 美元。</blockquote></p><p></p><p> But the idea is, if we're patient, we might get an opportunity to buy these shares underpriced. Last February, Amazon traded lower than $1,900 (I wish I bought some back then). We'll probably have opportunities in the future to buy Amazon at a discount.</p><p><blockquote>但我们的想法是，如果我们有耐心，我们可能会有机会以低价购买这些股票。去年2月，亚马逊的交易价格低于1900美元（我希望我当时买了一些）。我们将来可能有机会以折扣价购买亚马逊。</blockquote></p><p> <b>Recap</b></p><p><blockquote><b>回顾</b></blockquote></p><p> Today, it seems like Amazon is slightly overvalued, because it seems to offer about 5% annual returns over the next 5 years. That doesn't mean you should sell Amazon if you're a long time holder, because Amazon should continue to do well as a leader in E-commerce and cloud computing.</p><p><blockquote>如今，亚马逊似乎被略微高估了，因为它似乎在未来 5 年内提供了约 5% 的年回报率。这并不意味着如果你是长期持有者，你就应该出售亚马逊，因为亚马逊应该继续作为电子商务和云计算领域的领导者做得很好。</blockquote></p><p> But if you're looking for your next stock to invest in, Amazon seems to be too expensive right now. And if you've been eyeing Amazon for a while and you're looking to get in, now's not the best time to get into Amazon.</p><p><blockquote>但如果您正在寻找下一只投资股票，亚马逊现在似乎太贵了。如果你已经关注亚马逊有一段时间了，你想进入亚马逊，现在不是进入亚马逊的最佳时机。</blockquote></p><p> Even if we don't invest in the stock, we can still watch Amazon as they become the company with the most revenue in the world. And there's a lot we can learn from studying Amazon and Jeff Bezos. He's a smart dude.</p><p><blockquote>即使我们不投资股票，我们仍然可以看着亚马逊成为世界上收入最高的公司。我们可以从研究亚马逊和杰夫·贝索斯中学到很多东西。他是个聪明的家伙。</blockquote></p><p> Thank you very much for reading, and I hope that you have a great rest of your day.</p><p><blockquote>非常感谢你的阅读，我希望你今天过得愉快。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436641-amazon-good-stock-not-good-price\">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":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4436641-amazon-good-stock-not-good-price","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184001921","content_text":"Summary\n\nAmazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.\nUnfortunately, it's a little overpriced. This is consistent with some of the other mega-cap stocks I've analyzed.\nThis article looks at what Amazon stock is most likely worth for us investors.\nI hope you enjoy.\n\nSundry Photography/iStock Editorial via Getty Images\nToday, Amazon (AMZN) seems to be a little overpriced based on my intrinsic value model.\nSource: Author\nYou might have seen some of my other articles where I've bashed other popular stocks like Apple (AAPL) or Microsoft (MSFT). Well, I guess today it's Amazon's turn. I just try to share what I think companies are worth, and I've found that a lot of companies seem to be overpriced.\nIn this article, I'll break down how I came up with Amazon's valuation. I know that there's tons of different opinions out there about Amazon, so I'll try to share the reasoning behind my valuation to help you make better investments in the future.\nSomething important you should know - I'm not an expert on Amazon, and I have a really difficult time valuing growth stocks. I really doubt that I have the ability to estimate a company's future growth. I made future growth estimates by looking at past growth and making conservative estimates of the future.\nThis method borders on \"data extrapolation\", which is making assumptions based on past data. Data extrapolation isn't great because the future is different from the past - so making future projections based on past data isn't ideal.\nBut after valuing hundreds of companies, I've found that this kind of style does a good job of getting the valuation approximately right. I always try to set my valuations low, because it's better to buy low and make a killing than buy high and lose money.\n\n Warren Buffett said, “The three most important words in investing are\n margin of safety.” That means to buy stuff on sale... That's the whole secret to great investing.\n\n\n Rule 1 Investing\n\nThis model is built on getting the valuation \"approximately right,\" and looking to buy with a large margin of safety. I hope you enjoy, and as always, I'll try to keep it clean and common sense.\nBusiness Model\nWhere does Amazon get its money? Amazon is split into 3 segments: North America, International, and AWS.\nAs a market leader in 2 high growth industries (E-commerce and cloud computing), Amazon will probably continue to see high growth in the future. In this section, I looked at the past revenue growth and operating margins for each of Amazon's segments, and I used this to make conservative future projections.\nAnd later, I added up the numbers from each segment to make projections for the whole company. Here's a look at AMZN's North America segment. This segment's revenue comes from retail sales and subscription service revenues.\nSource: Author with data from 2018 10-K,2019 10-K, and 2020 10-K\nI projected declining revenue growth and strong operating margins for this segment. I projected slower revenue growth, because I figure there has to be a cap on how much money Amazon can make in North America.\nHopefully, Amazon will exceed this revenue growth. But, I do think it would be a pretty incredible feat for Amazon to grow from $200B in revenue to $400B in 5 years.\nHere's a look at Amazon's International segment:\nSource: Author with data from 2018 10-K,2019 10-K, and 2020 10-K\nFor Amazon's international segment, I projected 20% annual revenue growth, and improving operating margins. I figured that operating margins would gradually improve until the margins reached a similar point to what Amazon sees in its US segment.\nAnd for Amazon's last and most exciting segment, here's AWS:\nSource: Author\nAWS is undoubtedly going to bring high growth for Amazon, and high profits. I projected that the AWS segment will probably continue to grow at a high rate. I projected a 25-30% annual revenue growth rate because cloud computing has a lot of room to grow, and according to Research and Markets, the cloud computing industry should grow at about 17.5% CAGR until 2025.\nAdditionally, I projected 28% operating margins, because the AWS business benefits from operating leverage. As more people use the software, the company is able to make higher margins as it spreads costs over more people. It's possible that Amazon could exceed 28% operating margins, so there might be upside to Amazon's fair value.\nThese projections were added together to help us figure out what the entire company should be worth.\nCapital Allocation\nHow does Amazon spend its money? You might find it interesting to analyze Amazon's capital allocation, so you can see what Amazon does with its money, and where it might be investing for the future.\nSource: Author\nThe biggest portion of Amazon's operating cash flows goes towards capital expenditures. From what I can tell, Amazon has not had any share activity over the past 5 years. The company has issued shares - but from the looks of the cash flow statement, it looks like they haven't raised any money from selling shares, and they haven't spent any money buying back shares.\n\n In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration.\n There were no repurchases of common stock in 2018, 2019, or 2020.\n\n\n Source:2020 10-K page 60,\n emphasis added\n\nBut for our purposes, this quote shows that Amazon hasn't bought back any stock over the past 3 years. They also haven't spent any money on dividends, which is good because they're a high growth company.\nAmazon has consistently spent money on acquisitions and paying down debt. What's really interesting is that Amazon has built up a lot of spare cash over the past 5 years. Their cash position has risen about $58B since 2016, going from about $26B at the end of 2016 to about $84B at the end of 2020.\nAmazon has a lot more cash than they used to, so we could see future spending go towards a dividend, share buybacks, new acquisitions, or maybe more business investments that will lead to growth.\nValuation\nFirst, I used a discount rate of 7.7% for Amazon because that's what I found the company's weighted average cost of capital, or WACC, to be. I assumed an 8% cost of equity, and Amazon has averaged somewhere around a 20-30% tax rate over the past 10 years.\nSource: Author\nI used a DCF model to find Amazon's value today. In the model down below, you can see in the top 2 red boxes that I projected that the company would have lower revenue growth and strong operating margins.\nThis model projects that Amazon will have over $850B in revenue by 2025. That's absolutely nuts if you think about it, but based on estimated revenue growth, it seems feasible.\nRight now, Walmart(NYSE:WMT)leads the world in revenue with about $550B. Amazon sits in third place for annual revenue, with about $390B. In 5 years, Amazon could easily have the largest revenue of any company in the world.\nSource: Author\nDown at the bottom of this model, you can see there's a red box that projects unlevered FCF margins. This basically measures how much of the company's revenue will become business profits, without including interest or debt payments. In the turquoise box, I applied the discount rate to see what the future cash flows are worth today.\nSource: Author\nToday, it looks like Amazon is slightly overvalued. The model projects that the stock might be about 15% overvalued, and we could expect to make about 5% annual returns over the next 5 years if we invested today.\nThese estimations are based on the future cash flows that the business should generate. I don't hate Amazon or anything, I just don't think that Amazon stock would make a great investment at current prices.\nDown at the bottom, I threw in 2 \"Buy Prices\" where Amazon stock might be more appealing. The idea behind this is that the cheaper AMZN stock gets, the higher returns we can expect.\nThe model projects that you'd make around 15% annual returns at $2,200 per share, and you might make around 22% annual returns at $1,700 per share.\n\"But doesn't it seem unreasonable to set the buy price in the $2,000s when the stock's trading near $3,500?\" It does a little bit. It seems pretty unlikely that Amazon's share price will nose dive right down past $2,000.\nBut the idea is, if we're patient, we might get an opportunity to buy these shares underpriced. Last February, Amazon traded lower than $1,900 (I wish I bought some back then). We'll probably have opportunities in the future to buy Amazon at a discount.\nRecap\nToday, it seems like Amazon is slightly overvalued, because it seems to offer about 5% annual returns over the next 5 years. That doesn't mean you should sell Amazon if you're a long time holder, because Amazon should continue to do well as a leader in E-commerce and cloud computing.\nBut if you're looking for your next stock to invest in, Amazon seems to be too expensive right now. And if you've been eyeing Amazon for a while and you're looking to get in, now's not the best time to get into Amazon.\nEven if we don't invest in the stock, we can still watch Amazon as they become the company with the most revenue in the world. And there's a lot we can learn from studying Amazon and Jeff Bezos. He's a smart dude.\nThank you very much for reading, and I hope that you have a great rest of your day.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":2934,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":125414898,"gmtCreate":1624685720714,"gmtModify":1633949571628,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125414898","repostId":"1112141657","repostType":4,"repost":{"id":"1112141657","kind":"news","pubTimestamp":1624674481,"share":"https://www.laohunote.com/m/news/1112141657?lang=zh_CN&edition=full","pubTime":"2021-06-26 10:28","market":"us","language":"en","title":"These Stocks Could Have ‘Significant Upside’ From Infrastructure Spending<blockquote>这些股票可能会从基础设施支出中获得 “显著上涨空间”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112141657","media":"Barrons","summary":"Wall Street has been pricing in an infrastructure bill since the White House unveiled the American J","content":"<p>Wall Street has been pricing in an infrastructure bill&nbsp;since the White House unveiled the American Jobs Plan in April. When agreement came this past week, the rally continued.</p><p><blockquote>自白宫4月份公布美国就业计划以来，华尔街一直在为基础设施法案定价。当上周达成协议时，反弹仍在继续。</blockquote></p><p> The&nbsp;Dow Jones Industrial Average&nbsp;climbed 1% on Thursday, and the&nbsp;S&amp;P 500 Industrial Sector&nbsp;added about 0.8%, both outpacing the broader market, as President Joe Biden announced that he had come to an agreement with a group of Republican and Democratic senators on an infrastructure package of roughly $600 billion. And the industrial outperformance continued on Friday.</p><p><blockquote>道琼斯工业平均指数周四上涨1%，标普500工业板块上涨约0.8%，均跑赢大盘，总统乔·拜登宣布他已与一群共和党和民主党参议员就约6000亿美元的基础设施一揽子计划达成协议。周五工业表现继续优异。</blockquote></p><p> The package includes some $300 billion for roads, bridges, and other major transportation projects. An additional $266 billion includes water infrastructure, broadband, and power infrastructure. The spending is part of a larger package of approved spending that totals about $1.2 trillion over an eight-year period. The infrastructure bill must still be approved by Congress before Biden can sign it.</p><p><blockquote>该计划包括约3000亿美元用于道路、桥梁和其他主要交通项目。另外2660亿美元包括水利基础设施、宽带和电力基础设施。这笔支出是一揽子批准支出的一部分，八年内总额约为 1.2 万亿美元。基础设施法案仍需获得国会批准，拜登才能签署。</blockquote></p><p> Other priorities that Biden had outlined, such as more spending on child-care initiatives, will have to be pursued in a separate package devoted to “human infrastructure,” probably by using the budget reconciliation process in the Senate, where Democrats hold a tie-breaker vote. The bipartisan agreement would probably be tied to the reconciliation bill, as Biden has said he wants both on his desk at the same time.</p><p><blockquote>拜登概述的其他优先事项，如在儿童保育计划上增加支出，将不得不在一个专门用于 “人类基础设施 ”的单独一揽子计划中实施，可能是通过参议院的预算调解程序来实现的，民主党人在参议院进行决胜投票。两党协议可能会与和解法案挂钩，因为拜登曾表示，他希望两者同时摆在他的办公桌上。</blockquote></p><p> Still, agreement on the physical infrastructure spending is a victory for political comity, the economy, and potentially a range of stocks and market sectors. “Roughly $600 billion in new spending for roads, bridges, public transit, and broadband as well as a host of other areas would likely be considered a ‘win’ for the White House,” Wells Fargo economist Michael Pugliese said in a note. “As in baseball, a win does not always have to be a home run. Sometimes it pays to just get on base.”</p><p><blockquote>尽管如此，就有形基础设施支出达成协议是政治礼貌、经济以及潜在的一系列股票和市场板块的胜利。“富国银行经济学家迈克尔-普列塞（Michael Pugliese）在一份报告中说：”用于道路、桥梁、公共交通和宽带以及其他一系列领域的约6000亿美元新支出很可能被视为白宫的'胜利'。“就像在棒球比赛中一样，胜利并不总是全垒打。有时候，上垒是值得的。”</blockquote></p><p> One way to play for further upside in the bipartisan deal is the package’s emphasis on expanding broadband, says Josh Duitz, who runs the $185 million Aberdeen Standard Global Infrastructure Income fund (ticker: ASGI). As of May 31, his portfolio’s holdings included&nbsp;American Tower(AMT). He added that&nbsp;Ferrovial(FER.Spain), a global infrastructure company that builds roads and other projects, would also benefit from the package. It’s another of his holdings. “This is just one more positive catalyst for infrastructure,” Duitz said.</p><p><blockquote>1.85 亿美元的阿伯丁标准全球基础设施收入基金（股票代码：ASGI）负责人乔希-杜伊茨（Josh Duitz）说，两党协议进一步提升空间的一个途径是该方案强调扩大宽带。截至 5 月 31 日，他的投资组合中包括美国铁塔（AMT）。他补充说，Ferrovial（FER.Spain）是一家建设道路和其他项目的全球基础设施公司，也将从该计划中受益。这是他的另一笔财产。“杜伊茨说：”这只是基础设施建设的又一个积极催化剂。</blockquote></p><p> Analysts at Stifel, meanwhile, believe the deal “generates significant upside” for machinery, construction materials, and rental companies.</p><p><blockquote>与此同时，Stifel 的分析师认为，这笔交易将为机械、建筑材料和租赁公司 “带来巨大的上涨空间”。</blockquote></p><p> Stifel said that the beneficiaries of the infrastructure bill include these five companies:Astec Industries(ASTE), whose products include asphalt and concrete;Martin Marietta Materials(MLM), which makes construction materials;Construction Partners(ROAD), which builds roadways;United Rentals(URI); and&nbsp;Vulcan Materials(VMC), which makes construction materials.</p><p><blockquote>斯蒂费尔表示，基础设施法案的受益者包括这五家公司：Astec Industries（ASTE），其产品包括沥青和混凝土；生产建筑材料的马丁玛丽埃塔材料公司（MLM）；Construction Partners（ROAD），修建道路；联合租赁公司（URI）；以及生产建筑材料的 Vulcan Materials (VMC)。</blockquote></p><p> Separately on Friday, Jefferies upgraded Martin Marietta Materials and Vulcan Materials to Buy from Hold. It also raised the price targets to $424 and $207, respectively.</p><p><blockquote>另外，周五，杰富瑞将 Martin Marietta Materials 和 Vulcan Materials 的评级上调至持有。它还将目标价分别上调至 424 美元和 207 美元。</blockquote></p><p> Stifel expects other companies to benefit, as well. Those include&nbsp;Caterpillar(CAT),Deere(DE),Manitowoc(MTW),Oshkosh(OSK), and&nbsp;Terex(TEX)—“each of which sells machinery into the infrastructure” market.</p><p><blockquote>Stifel 预计其他公司也将从中受益。其中包括卡特彼勒 (CAT)、Deere (DE)、马尼托瓦克 (MTW)、奥什科什 (OSK) 和特雷克斯 (TEX)——“每家公司都向基础设施市场销售机械”。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Stocks Could Have ‘Significant Upside’ From Infrastructure Spending<blockquote>这些股票可能会从基础设施支出中获得 “显著上涨空间”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Stocks Could Have ‘Significant Upside’ From Infrastructure Spending<blockquote>这些股票可能会从基础设施支出中获得 “显著上涨空间”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-26 10:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wall Street has been pricing in an infrastructure bill&nbsp;since the White House unveiled the American Jobs Plan in April. When agreement came this past week, the rally continued.</p><p><blockquote>自白宫4月份公布美国就业计划以来，华尔街一直在为基础设施法案定价。当上周达成协议时，反弹仍在继续。</blockquote></p><p> The&nbsp;Dow Jones Industrial Average&nbsp;climbed 1% on Thursday, and the&nbsp;S&amp;P 500 Industrial Sector&nbsp;added about 0.8%, both outpacing the broader market, as President Joe Biden announced that he had come to an agreement with a group of Republican and Democratic senators on an infrastructure package of roughly $600 billion. And the industrial outperformance continued on Friday.</p><p><blockquote>道琼斯工业平均指数周四上涨1%，标普500工业板块上涨约0.8%，均跑赢大盘，总统乔·拜登宣布他已与一群共和党和民主党参议员就约6000亿美元的基础设施一揽子计划达成协议。周五工业表现继续优异。</blockquote></p><p> The package includes some $300 billion for roads, bridges, and other major transportation projects. An additional $266 billion includes water infrastructure, broadband, and power infrastructure. The spending is part of a larger package of approved spending that totals about $1.2 trillion over an eight-year period. The infrastructure bill must still be approved by Congress before Biden can sign it.</p><p><blockquote>该计划包括约3000亿美元用于道路、桥梁和其他主要交通项目。另外2660亿美元包括水利基础设施、宽带和电力基础设施。这笔支出是一揽子批准支出的一部分，八年内总额约为 1.2 万亿美元。基础设施法案仍需获得国会批准，拜登才能签署。</blockquote></p><p> Other priorities that Biden had outlined, such as more spending on child-care initiatives, will have to be pursued in a separate package devoted to “human infrastructure,” probably by using the budget reconciliation process in the Senate, where Democrats hold a tie-breaker vote. The bipartisan agreement would probably be tied to the reconciliation bill, as Biden has said he wants both on his desk at the same time.</p><p><blockquote>拜登概述的其他优先事项，如在儿童保育计划上增加支出，将不得不在一个专门用于 “人类基础设施 ”的单独一揽子计划中实施，可能是通过参议院的预算调解程序来实现的，民主党人在参议院进行决胜投票。两党协议可能会与和解法案挂钩，因为拜登曾表示，他希望两者同时摆在他的办公桌上。</blockquote></p><p> Still, agreement on the physical infrastructure spending is a victory for political comity, the economy, and potentially a range of stocks and market sectors. “Roughly $600 billion in new spending for roads, bridges, public transit, and broadband as well as a host of other areas would likely be considered a ‘win’ for the White House,” Wells Fargo economist Michael Pugliese said in a note. “As in baseball, a win does not always have to be a home run. Sometimes it pays to just get on base.”</p><p><blockquote>尽管如此，就有形基础设施支出达成协议是政治礼貌、经济以及潜在的一系列股票和市场板块的胜利。“富国银行经济学家迈克尔-普列塞（Michael Pugliese）在一份报告中说：”用于道路、桥梁、公共交通和宽带以及其他一系列领域的约6000亿美元新支出很可能被视为白宫的'胜利'。“就像在棒球比赛中一样，胜利并不总是全垒打。有时候，上垒是值得的。”</blockquote></p><p> One way to play for further upside in the bipartisan deal is the package’s emphasis on expanding broadband, says Josh Duitz, who runs the $185 million Aberdeen Standard Global Infrastructure Income fund (ticker: ASGI). As of May 31, his portfolio’s holdings included&nbsp;American Tower(AMT). He added that&nbsp;Ferrovial(FER.Spain), a global infrastructure company that builds roads and other projects, would also benefit from the package. It’s another of his holdings. “This is just one more positive catalyst for infrastructure,” Duitz said.</p><p><blockquote>1.85 亿美元的阿伯丁标准全球基础设施收入基金（股票代码：ASGI）负责人乔希-杜伊茨（Josh Duitz）说，两党协议进一步提升空间的一个途径是该方案强调扩大宽带。截至 5 月 31 日，他的投资组合中包括美国铁塔（AMT）。他补充说，Ferrovial（FER.Spain）是一家建设道路和其他项目的全球基础设施公司，也将从该计划中受益。这是他的另一笔财产。“杜伊茨说：”这只是基础设施建设的又一个积极催化剂。</blockquote></p><p> Analysts at Stifel, meanwhile, believe the deal “generates significant upside” for machinery, construction materials, and rental companies.</p><p><blockquote>与此同时，Stifel 的分析师认为，这笔交易将为机械、建筑材料和租赁公司 “带来巨大的上涨空间”。</blockquote></p><p> Stifel said that the beneficiaries of the infrastructure bill include these five companies:Astec Industries(ASTE), whose products include asphalt and concrete;Martin Marietta Materials(MLM), which makes construction materials;Construction Partners(ROAD), which builds roadways;United Rentals(URI); and&nbsp;Vulcan Materials(VMC), which makes construction materials.</p><p><blockquote>斯蒂费尔表示，基础设施法案的受益者包括这五家公司：Astec Industries（ASTE），其产品包括沥青和混凝土；生产建筑材料的马丁玛丽埃塔材料公司（MLM）；Construction Partners（ROAD），修建道路；联合租赁公司（URI）；以及生产建筑材料的 Vulcan Materials (VMC)。</blockquote></p><p> Separately on Friday, Jefferies upgraded Martin Marietta Materials and Vulcan Materials to Buy from Hold. It also raised the price targets to $424 and $207, respectively.</p><p><blockquote>另外，周五，杰富瑞将 Martin Marietta Materials 和 Vulcan Materials 的评级上调至持有。它还将目标价分别上调至 424 美元和 207 美元。</blockquote></p><p> Stifel expects other companies to benefit, as well. Those include&nbsp;Caterpillar(CAT),Deere(DE),Manitowoc(MTW),Oshkosh(OSK), and&nbsp;Terex(TEX)—“each of which sells machinery into the infrastructure” market.</p><p><blockquote>Stifel 预计其他公司也将从中受益。其中包括卡特彼勒 (CAT)、Deere (DE)、马尼托瓦克 (MTW)、奥什科什 (OSK) 和特雷克斯 (TEX)——“每家公司都向基础设施市场销售机械”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stocks-infrastructure-spending-51624667261?mod=RTA\">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":{"URI":"联合租赁","VMC":"火神材料","ASTE":"Astec实业","MTW":"马尼托沃克","CAT":"卡特彼勒","OSK":"Oshkosh","ROAD":"Construction Partners","TEX":"特雷克斯","DE":"迪尔股份有限公司","MLM":"马丁-玛丽埃塔材料"},"source_url":"https://www.barrons.com/articles/stocks-infrastructure-spending-51624667261?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112141657","content_text":"Wall Street has been pricing in an infrastructure bill since the White House unveiled the American Jobs Plan in April. When agreement came this past week, the rally continued.\nThe Dow Jones Industrial Average climbed 1% on Thursday, and the S&P 500 Industrial Sector added about 0.8%, both outpacing the broader market, as President Joe Biden announced that he had come to an agreement with a group of Republican and Democratic senators on an infrastructure package of roughly $600 billion. And the industrial outperformance continued on Friday.\nThe package includes some $300 billion for roads, bridges, and other major transportation projects. An additional $266 billion includes water infrastructure, broadband, and power infrastructure. The spending is part of a larger package of approved spending that totals about $1.2 trillion over an eight-year period. The infrastructure bill must still be approved by Congress before Biden can sign it.\nOther priorities that Biden had outlined, such as more spending on child-care initiatives, will have to be pursued in a separate package devoted to “human infrastructure,” probably by using the budget reconciliation process in the Senate, where Democrats hold a tie-breaker vote. The bipartisan agreement would probably be tied to the reconciliation bill, as Biden has said he wants both on his desk at the same time.\nStill, agreement on the physical infrastructure spending is a victory for political comity, the economy, and potentially a range of stocks and market sectors. “Roughly $600 billion in new spending for roads, bridges, public transit, and broadband as well as a host of other areas would likely be considered a ‘win’ for the White House,” Wells Fargo economist Michael Pugliese said in a note. “As in baseball, a win does not always have to be a home run. Sometimes it pays to just get on base.”\nOne way to play for further upside in the bipartisan deal is the package’s emphasis on expanding broadband, says Josh Duitz, who runs the $185 million Aberdeen Standard Global Infrastructure Income fund (ticker: ASGI). As of May 31, his portfolio’s holdings included American Tower(AMT). He added that Ferrovial(FER.Spain), a global infrastructure company that builds roads and other projects, would also benefit from the package. It’s another of his holdings. “This is just one more positive catalyst for infrastructure,” Duitz said.\nAnalysts at Stifel, meanwhile, believe the deal “generates significant upside” for machinery, construction materials, and rental companies.\nStifel said that the beneficiaries of the infrastructure bill include these five companies:Astec Industries(ASTE), whose products include asphalt and concrete;Martin Marietta Materials(MLM), which makes construction materials;Construction Partners(ROAD), which builds roadways;United Rentals(URI); and Vulcan Materials(VMC), which makes construction materials.\nSeparately on Friday, Jefferies upgraded Martin Marietta Materials and Vulcan Materials to Buy from Hold. It also raised the price targets to $424 and $207, respectively.\nStifel expects other companies to benefit, as well. Those include Caterpillar(CAT),Deere(DE),Manitowoc(MTW),Oshkosh(OSK), and Terex(TEX)—“each of which sells machinery into the infrastructure” market.","news_type":1,"symbols_score_info":{"ASTE":0.9,"CAT":0.9,"MLM":0.9,"MTW":0.9,"DE":0.9,"OSK":0.9,"ROAD":0.9,"TEX":0.9,"URI":0.9,"VMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125414986,"gmtCreate":1624685696245,"gmtModify":1633949571997,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125414986","repostId":"2146008543","repostType":4,"isVote":1,"tweetType":1,"viewCount":2929,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":128751821,"gmtCreate":1624533379663,"gmtModify":1634004790066,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128751821","repostId":"2145045355","repostType":4,"isVote":1,"tweetType":1,"viewCount":2188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128751347,"gmtCreate":1624533363889,"gmtModify":1634004790190,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128751347","repostId":"1155529111","repostType":4,"isVote":1,"tweetType":1,"viewCount":1996,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123837672,"gmtCreate":1624415170696,"gmtModify":1634006436126,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/123837672","repostId":"1126010678","repostType":4,"repost":{"id":"1126010678","kind":"news","pubTimestamp":1624412603,"share":"https://www.laohunote.com/m/news/1126010678?lang=zh_CN&edition=full","pubTime":"2021-06-23 09:43","market":"us","language":"en","title":"Krispy Kreme Seeks $640 Million in IPO as Sales Move Online<blockquote>随着销售转移到线上，Krispy Kreme 寻求 6.4 亿美元 IPO</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126010678","media":"Bloomberg","summary":"(Bloomberg) -- Krispy Kreme Inc., the doughnut chain owned by JAB Holdings BV, is seeking to raise a","content":"<p><div> (Bloomberg) -- Krispy Kreme Inc., the doughnut chain owned by JAB Holdings BV, is seeking to raise as much as $640 million in an initial public offering. The company said in a filing Tuesday that it ...</p><p><blockquote><div>（彭博社）——JAB Holdings BV 旗下的甜甜圈连锁店 Krispy Kreme Inc. 正寻求在首次公开募股中筹集高达 6.4 亿美元的资金。该公司在周二的一份文件中表示……</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/krispy-kreme-sets-price-range-154753866.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/krispy-kreme-sets-price-range-154753866.html\">网页连接</a></blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Krispy Kreme Seeks $640 Million in IPO as Sales Move Online<blockquote>随着销售转移到线上，Krispy Kreme 寻求 6.4 亿美元 IPO</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\">\nKrispy Kreme Seeks $640 Million in IPO as Sales Move Online<blockquote>随着销售转移到线上，Krispy Kreme 寻求 6.4 亿美元 IPO</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-06-23 09:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> (Bloomberg) -- Krispy Kreme Inc., the doughnut chain owned by JAB Holdings BV, is seeking to raise as much as $640 million in an initial public offering. The company said in a filing Tuesday that it ...</p><p><blockquote><div>（彭博社）——JAB Holdings BV 旗下的甜甜圈连锁店 Krispy Kreme Inc. 正寻求在首次公开募股中筹集高达 6.4 亿美元的资金。该公司在周二的一份文件中表示……</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/krispy-kreme-sets-price-range-154753866.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/krispy-kreme-sets-price-range-154753866.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/krispy-kreme-sets-price-range-154753866.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DNUT":"Krispy Kreme, Inc."},"source_url":"https://finance.yahoo.com/news/krispy-kreme-sets-price-range-154753866.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126010678","content_text":"(Bloomberg) -- Krispy Kreme Inc., the doughnut chain owned by JAB Holdings BV, is seeking to raise as much as $640 million in an initial public offering.\nThe company said in a filing Tuesday that it plans to sell almost 27 million shares for $21 to $24 apiece. At the top end of the range, Krispy Kreme would have a market value of $3.86 billion based on the outstanding shares listed in the filing with the U.S. Securities and Exchange Commission.\nAmid photos of doughnuts dripping with sugary glaze and dotted with sprinkles, the company declares in the filing that its purpose is “to touch and enhance lives through the joy of Krispy Kreme.”\nSince its acquisition by Luxembourg-based conglomerate JAB in 2016, Krispy Kreme has expanded its online presence. Its e-commerce business now accounts for close to a fifth of sales in the U.S., fueled by its Insomnia Cookies delivery concept.\nNet revenue for the Charlotte, North Carolina-based chain rose 23% to $322 million in the quarter ended April 4, according to the filing. Its net loss for the quarter shrunk from $11 million in 2020 to $378,000 this year.\nKrispy Kreme plans to use proceeds from the IPO to pay down debt and buy back shares from certain executives, as well as for general corporate purposes, according to the filing. JAB will continue to own almost 78% of the company’s shares after the IPO.\nThe offering is being led by JPMorgan Chase & Co., Morgan Stanley, Bank of America Corp. and Citigroup Inc. The company plans to list on the Nasdaq Global Select Market under the symbol DNUT.","news_type":1,"symbols_score_info":{"DNUT":0.9}},"isVote":1,"tweetType":1,"viewCount":3000,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123834193,"gmtCreate":1624415131712,"gmtModify":1634006437279,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/123834193","repostId":"1189547174","repostType":4,"repost":{"id":"1189547174","kind":"news","pubTimestamp":1624413006,"share":"https://www.laohunote.com/m/news/1189547174?lang=zh_CN&edition=full","pubTime":"2021-06-23 09:50","market":"fut","language":"en","title":"Big Oil CEOs Join Traders in Seeing Possibility of $100 Oil<blockquote>大型石油公司首席执行官与交易员一起看到油价达到 100 美元的可能性</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189547174","media":"Bloomberg","summary":"(Bloomberg) -- The bosses of some of the world’s biggest oil companies said crude prices are likely ","content":"<p><div> (Bloomberg) -- The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of investment will curtail future supply. The chief executive officers...</p><p><blockquote><div>(彭博社）--世界上一些最大的石油公司的老板表示，原油价格可能会继续上涨，因为缺乏投资将减少未来的供应。首席执行官们……</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/big-oil-ceos-join-traders-173420116.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/big-oil-ceos-join-traders-173420116.html\">网页连接</a></blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Oil CEOs Join Traders in Seeing Possibility of $100 Oil<blockquote>大型石油公司首席执行官与交易员一起看到油价达到 100 美元的可能性</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\">\nBig Oil CEOs Join Traders in Seeing Possibility of $100 Oil<blockquote>大型石油公司首席执行官与交易员一起看到油价达到 100 美元的可能性</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-06-23 09:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> (Bloomberg) -- The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of investment will curtail future supply. The chief executive officers...</p><p><blockquote><div>(彭博社）--世界上一些最大的石油公司的老板表示，原油价格可能会继续上涨，因为缺乏投资将减少未来的供应。首席执行官们……</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/big-oil-ceos-join-traders-173420116.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/big-oil-ceos-join-traders-173420116.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/big-oil-ceos-join-traders-173420116.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/big-oil-ceos-join-traders-173420116.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189547174","content_text":"(Bloomberg) -- The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of investment will curtail future supply.\nThe chief executive officers of Royal Dutch Shell Plc and TotalEnergies SE joined major commodity traders and banks in predicting that oil could go as high as $100 a barrel, although they also said volatile markets could drive prices back down again.\nThe lack of investment is “going to exacerbate supply and demand tightness as the economies pick back up again, and then in time we’ll see supply pick up and rebalance,” Exxon Mobil Corp. CEO Darren Woods said at the Qatar Economic Forum Tuesday. But “in the shorter term probably higher prices” are more likely.\nTrading house Trafigura Group said oil could top $100 a barrel over the next year. Bank of America Corp. also forecast this week that prices could jump to that level and Goldman Sachs Group Inc. said it doesn’t rule it out. Oil has climbed 44% this year as widespread vaccinations increase mobility and boost demand. Benchmark Brent crude was little changed at 2:55 p.m. in New York at $74.90 a barrel.\nGlobal oil markets had one of the most turbulent years in history last year with the coronavirus pandemic sending prices crashing. But economies in the West are growing again, roads in Europe and the U.S. are starting to fill up, and more Americans are flying. While that could drive prices higher in the near term, the energy transition means oil consumption could start to plateau and eventually decline in the longer term.\nThe energy shift means there hasn’t been enough investment in oil and gas projects and that could push prices higher, Qatari Energy Minister Saad al-Kaabi said at the same event. BP Plc CEO Bernard Looney said earlier Tuesday that rising crude is helping the company’s energy transition plans and generating better cash flow and returns for shareholders.\nThere’s “quite a chance” of reaching $100 a barrel, “but we could see again in coming years some low prices,” TotalEnergies CEO Patrick Pouyanne said. “We’ve been accustomed to volatility.”\nThe Qatar Ministry of Commerce and Industry, Investment Promotion Agency Qatar and Media City Qatar are underwriters of the Qatar Economic Forum, Powered by Bloomberg.","news_type":1,"symbols_score_info":{"CLmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120204299,"gmtCreate":1624323606311,"gmtModify":1634007836962,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120204299","repostId":"1165462665","repostType":4,"repost":{"id":"1165462665","kind":"news","pubTimestamp":1624322927,"share":"https://www.laohunote.com/m/news/1165462665?lang=zh_CN&edition=full","pubTime":"2021-06-22 08:48","market":"us","language":"en","title":"Evergrande Fights Short Sellers With $400 Million Asset Sale<blockquote>恒大以4亿美元资产出售对抗卖空者</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165462665","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group is giving short sellers a run for their money.\nOn a day when t","content":"<p><div> (Bloomberg) -- China Evergrande Group is giving short sellers a run for their money. On a day when the developer sank to a four-year low, a long-standing supporter of billionaire founder Hui Ka Yan ...</p><p><blockquote><div>（彭博社）——中国恒大集团正在给卖空者一个机会。在开发商跌至四年低点的一天，亿万富翁创始人许家仁的长期支持者……</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/evergrande-bounces-hitting-four-low-025344866.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/evergrande-bounces-hitting-four-low-025344866.html\">网页连接</a></blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Evergrande Fights Short Sellers With $400 Million Asset Sale<blockquote>恒大以4亿美元资产出售对抗卖空者</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\">\nEvergrande Fights Short Sellers With $400 Million Asset Sale<blockquote>恒大以4亿美元资产出售对抗卖空者</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-06-22 08:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> (Bloomberg) -- China Evergrande Group is giving short sellers a run for their money. On a day when the developer sank to a four-year low, a long-standing supporter of billionaire founder Hui Ka Yan ...</p><p><blockquote><div>（彭博社）——中国恒大集团正在给卖空者一个机会。在开发商跌至四年低点的一天，亿万富翁创始人许家仁的长期支持者……</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/evergrande-bounces-hitting-four-low-025344866.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/evergrande-bounces-hitting-four-low-025344866.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/evergrande-bounces-hitting-four-low-025344866.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/evergrande-bounces-hitting-four-low-025344866.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165462665","content_text":"(Bloomberg) -- China Evergrande Group is giving short sellers a run for their money.\nOn a day when the developer sank to a four-year low, a long-standing supporter of billionaire founder Hui Ka Yan swooped in to buy a stake in one of his property units that could release almost $400 million for the debt-ridden conglomerate.\nShares in the world’s most indebted property developer surged 9% on Monday, the most since January, from the day’s low, squeezing investors who have heaped on bets against the firm.\nThe move to sell shares in a Hangzhou unit to a company controlled by Wang Zhongming, a repeated investor in Hui’s operations, is Evergrande’s latest effort to tap deep-pocketed friends for financial support. The firm might need to dispose of more assets to raise funds and meet so-called three red lines -- regulations to curb developers’ debt, Bloomberg Intelligence analysts led by Daniel Fan wrote in a note.\nKey major assets that could be monetized include Evergrande’s tourism property, new electric vehicle, property services and the Fangchebao online sales platform, said Fan, adding that they could be worth more than 700 billion yuan ($108 billion).\n“This once again shows the paramount important role Evergrande’s friends play in its business operations,” said Maggie Hu, assistant professor of real estate and finance at Chinese University of Hong Kong. “Evergrande always count on them for fighting against this kind of liquidity crisis.”\nEvergrande shares closed at HK$10.80 in Hong Kong, after earlier falling as much as 1.8% to the lowest since May 2017.\nIt plans to sell 29.9% of its stake in China Calxon Group Co. to a company controlled by Wang. The shares were valued at 2.5 billion yuan at the most recent close, according to data compiled by Bloomberg. Evergrande’s wholly owned unit Kailong Real Estate will hold 27.85% of the Hangzhou developer upon finalizing the deal, and will give up its voting rights in the remaining shares.\nMultiple calls to Shenzhen Huajian went unanswered.\nWang, whose businesses span from real estate to agriculture and finance, has long been an investor in Evergrande businesses. The Calxon stake buyer, Shenzhen Huajian Holdings, was also a strategic investor of Evergrande’s onshore division known as Hengda Real Estate. The unit had planned to go public in China and later triggered a liquidity scare when it failed to do so.\nHuajian put 5 billion yuan into Hengda in December 2016 as a first-round investor. Another firm backed by Wang invested 3.5 billion yuan in May 2017 as a second-round investor for the failed listing.\nWang’s Shenzhen Greenwoods Investment Group has 80 billion yuan in assets that include the mineral water, grain and oil businesses that were sold by Evergrande, its website shows. Greenwoods also invested 5 billion yuan in Evergrande’s electric-vehicle maker.\nEvergrande’s liabilities including dollar bonds, bank loans and down payments from homebuyers swelled to 1.95 trillion yuan at the end of last year, about 77% of which were due within 12 months, according to its annual report. The firm plans to repay its $1.47 billion offshore bond maturing next Monday this week, Reuters reported Monday, citing an unidentified person.\nMost of the property firm’s long-dated dollar bonds were slightly higher Tuesday morning. Its 10.5% dollar bond due April 2024 rose 0.1 cent to 79.3 cents after climbing 1.4 cents on Monday, the biggest gain in six months.\nEvergrande’s affiliates also rallied Monday. Real estate management unit Evergrande Property Services Group Ltd. closed 7.3% higher, the biggest gain in a month. Internet unit HengTen Networks Group Ltd. gained 11%, the most in more than five weeks.\nSome investors are betting on a short-term rebound in Evergrande shares after they lost more than 40% from their January high, Castor Pang, head of research at Core Pacific Yamaichi, said by phone.\nShort Interest\nShort interest in Evergrande has surged threefold in three weeks. It reached 22.8% of the company’s free float as of Thursday, the highest level since September 2018, data compiled by IHS Markit and Bloomberg show.\nThere are so few Evergrande shares readily available that traders would need about 22 days to cover their bearish bets -- or buy back borrowed stock to close out an open short position. That increases the risk of a short squeeze, when hedge funds are forced to liquidate their positions at increasingly higher prices.\nThe developer has also resumed its favored tactic of repurchasing shares to force bearish speculators out of their positions. It spent about HK$529 million on buybacks since June 7, according to Bloomberg calculations.\nWorries over Evergrande’s future have grown in recent weeks after affiliates missed payments and Caixin Media’s WeNews reported that regulators are looking into Evergrande’s ties to Shengjing Bank Co. in northern China.\nThe selloff worsened after WeNews reported last week that a local government discussed with Evergrande about paring its stake in Shengjing Bank, and the banking watchdog said it would curb a key source of financing for developers to control risk.\n“Evergrande may buy time with a combination of rollover, new investment, and capital market access,” said Brock Silvers, chief investment officer at Kaiyuan Capital in Hong Kong. “Friendly investment from white knight pals of the chairman have helped in the past, but ultimately won’t save the company.”","news_type":1,"symbols_score_info":{"03333":0.9}},"isVote":1,"tweetType":1,"viewCount":766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120678767,"gmtCreate":1624323176759,"gmtModify":1634007849647,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120678767","repostId":"1135948909","repostType":4,"repost":{"id":"1135948909","kind":"news","pubTimestamp":1624321371,"share":"https://www.laohunote.com/m/news/1135948909?lang=zh_CN&edition=full","pubTime":"2021-06-22 08:22","market":"us","language":"en","title":"AMC, GameStop Slide As Jim Cramer Warns 'The Iceman Cometh' on Meme Stocks<blockquote>吉姆·克莱默警告模因股票“冰人即将到来”，AMC 和游戏驿站下滑</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135948909","media":"thestreet","summary":"AMC Entertainment (AMC) -Get Report shares slumped lower Monday, following a 20% gain last week that","content":"<p>AMC Entertainment&nbsp;(<b>AMC</b>) -Get Report&nbsp;shares slumped lower Monday, following a 20% gain last week that lifted the cinema chain's value close to $30 billion, as the two most active meme stock names continue to dominate Reddit-retail trading.</p><p><blockquote>AMC院线（<b>AMC</b>) -Get Report 周一股价暴跌，上周上涨 20%，使这家连锁影院的价值接近 300 亿美元，因为两个最活跃的模因股票名称继续主导 Reddit 零售交易。</blockquote></p><p> <i>TheStreet's</i>founder Jim Cramer, however, cautioned Monday that the ability of meme-powered investors to boost stock prices could fade in the coming weeks, citing a series of failed recommendations from discussions on the r/wallstreetbets chatroom in Reddit.</p><p><blockquote><i>街上的</i>然而，创始人吉姆·克莱默 (Jim Cramer) 周一警告称，模因驱动的投资者提振股价的能力可能会在未来几周内减弱，他引用了 Reddit 上 r/wallstreetbets 聊天室讨论中一系列失败的建议。</blockquote></p><p> Cramer noted that recent pullbacks in Wendy's&nbsp;(<b>WEN</b>) -Get Report, Bed Bath &amp; Beyond&nbsp;(<b>BBBY</b>) -Get Report&nbsp;and Cleveland Cliffs&nbsp;(<b>CLF</b>) -Get Report&nbsp;-- all of which have benefited from either a meme-drive retail surge or an attempt to squeeze investors betting against the stock -- suggest a retrenchment of influence back to the two stocks that started this year's phenomena: AMC and GameStop&nbsp;(<b>GME</b>) -Get Report.</p><p><blockquote>克莱默指出，温迪最近的回调（<b>文</b>)-获取报告、Bed Bath &amp; Beyond (<b>巴比</b>）-获取报告和克利夫兰悬崖（<b>CLF</b>) -Get Report -- 所有这些都受益于模因驱动的零售业激增或挤压投资者做空该股的尝试 -- 表明今年引发现象的两只股票的影响力正在缩小：AMC 和游戏驿站（<b>GME</b>)-获取报告。</blockquote></p><p> With both stocks, however, Cramer says the only real bet is that CEO Adam Aron of AMC and Chairman Ryan Cohen of GameStop can raise enough money from the sale of shares to buy a sector rival and revive their failing businesses.</p><p><blockquote>然而，克莱默表示，对于这两只股票，唯一真正的赌注是 AMC 首席执行官 Adam Aron 和游戏驿站董事长 Ryan Cohen 能够通过出售股票筹集足够的资金来收购行业竞争对手并重振他们失败的业务。</blockquote></p><p> AMC, which unveiled plans to sell 12 million new shares earlier this month after placing a further 8.5 million shares with hedge fund Mudrick Capital is looking for approval to sell 25 million shares at some point next year in order to fund potential 'value creating' investment opportunities.</p><p><blockquote>AMC 在与对冲基金 Mudrick Capital 再配售 850 万股股票后，于本月早些时候公布了出售 1200 万股新股的计划，目前正在寻求批准在明年某个时候出售 2500 万股股票，以便为潜在的“价值创造”投资机会提供资金。</blockquote></p><p> GameStop, meanwhile, said it plans to sell up to 5 million shares in an \"at-the-market\" offering, noting it will use the capital for \"general corporate purposes\" and investing in \"growth initiatives\" following a first quarter loss.</p><p><blockquote>与此同时，游戏驿站表示，计划在“市场”发行中出售最多 500 万股股票，并指出在第一季度亏损后，将把这笔资金用于“一般企业用途”并投资于“增长计划”。</blockquote></p><p> \"Right now AMC is a $30 billion company with very little hope that it can survive unless it monetizes the meme support, which his exactly what it should do,\" Cramer said in hisReal Money Column Monday. \"&nbsp;GameStop needs a brilliant plan and while Cohen has brought in brilliant people, the issue is what is the company going to be? It can’t be what it is. No industry insider thinks that is possible.\"</p><p><blockquote>克莱默周一在他的 Real Money 专栏中表示：“目前 AMC 是一家市值 300 亿美元的公司，除非它将模因支持货币化，否则它生存的希望很小，而这正是它应该做的。”“游戏驿站需要一个出色的计划，虽然科恩引进了优秀的人才，但问题是公司会变成什么样？不可能变成现在这样。没有业内人士认为这是可能的”。</blockquote></p><p> AMC shares were marked 8.5%&nbsp; lower in mid-day trading Monday to change hands at $54.30 each, a move that would take the stock's one-month gain to around 350%.</p><p><blockquote>AMC 股价在周一午盘交易中下跌 8.5%，至每股 54.30 美元易手，此举将使该股一个月的涨幅达到 350% 左右。</blockquote></p><p> GameStop shares slumped 7.2% lower to $198.40 each, a gain of 12.5% from last month's levels.</p><p><blockquote>游戏驿站股价下跌 7.2%，至每股 198.40 美元，较上月水平上涨 12.5%。</blockquote></p><p> Data from theYolosocks.livewebsite, which tracks real-time mentions on stocks within Reddit's r/wallstreetbets chatroom, indicates that AMC is still the most-discussed stock among users over the past 24 hours and more than 777 mentions.</p><p><blockquote>theYolosocks.livewebsite 在 Reddit 的 r/wallstreetbets 聊天室中跟踪股票的实时提及，数据显示，AMC 仍然是过去 24 小时内用户讨论最多的股票，提及次数超过 777 次。</blockquote></p><p> Short interest in AMC shares remains elevated, however, with data from S3 Partners pegging it at 68.83 million. That represents around 13.8% of the outstanding float, or just under $4 billion in market value.</p><p><blockquote>然而，对 AMC 股票的空头兴趣仍然很高，S3 Partners 的数据显示，空头兴趣为 6883 万股。这约占已发行股票的 13.8%，市值略低于 40 亿美元。</blockquote></p><p> For GameStop. short interest is around 11.5 million shares, or 19.9% of the outstanding float, pegging bets against the money-losing retailer at $2.64 billion.</p><p><blockquote>为了游戏驿站。空头权益约为 1,150 万股，占流通股的 19.9%，对这家亏损零售商的押注为 26.4 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>AMC, GameStop Slide As Jim Cramer Warns 'The Iceman Cometh' on Meme Stocks<blockquote>吉姆·克莱默警告模因股票“冰人即将到来”，AMC 和游戏驿站下滑</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\">\nAMC, GameStop Slide As Jim Cramer Warns 'The Iceman Cometh' on Meme Stocks<blockquote>吉姆·克莱默警告模因股票“冰人即将到来”，AMC 和游戏驿站下滑</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">thestreet</strong><span class=\"h-time small\">2021-06-22 08:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>AMC Entertainment&nbsp;(<b>AMC</b>) -Get Report&nbsp;shares slumped lower Monday, following a 20% gain last week that lifted the cinema chain's value close to $30 billion, as the two most active meme stock names continue to dominate Reddit-retail trading.</p><p><blockquote>AMC院线（<b>AMC</b>) -Get Report 周一股价暴跌，上周上涨 20%，使这家连锁影院的价值接近 300 亿美元，因为两个最活跃的模因股票名称继续主导 Reddit 零售交易。</blockquote></p><p> <i>TheStreet's</i>founder Jim Cramer, however, cautioned Monday that the ability of meme-powered investors to boost stock prices could fade in the coming weeks, citing a series of failed recommendations from discussions on the r/wallstreetbets chatroom in Reddit.</p><p><blockquote><i>街上的</i>然而，创始人吉姆·克莱默 (Jim Cramer) 周一警告称，模因驱动的投资者提振股价的能力可能会在未来几周内减弱，他引用了 Reddit 上 r/wallstreetbets 聊天室讨论中一系列失败的建议。</blockquote></p><p> Cramer noted that recent pullbacks in Wendy's&nbsp;(<b>WEN</b>) -Get Report, Bed Bath &amp; Beyond&nbsp;(<b>BBBY</b>) -Get Report&nbsp;and Cleveland Cliffs&nbsp;(<b>CLF</b>) -Get Report&nbsp;-- all of which have benefited from either a meme-drive retail surge or an attempt to squeeze investors betting against the stock -- suggest a retrenchment of influence back to the two stocks that started this year's phenomena: AMC and GameStop&nbsp;(<b>GME</b>) -Get Report.</p><p><blockquote>克莱默指出，温迪最近的回调（<b>文</b>)-获取报告、Bed Bath &amp; Beyond (<b>巴比</b>）-获取报告和克利夫兰悬崖（<b>CLF</b>) -Get Report -- 所有这些都受益于模因驱动的零售业激增或挤压投资者做空该股的尝试 -- 表明今年引发现象的两只股票的影响力正在缩小：AMC 和游戏驿站（<b>GME</b>)-获取报告。</blockquote></p><p> With both stocks, however, Cramer says the only real bet is that CEO Adam Aron of AMC and Chairman Ryan Cohen of GameStop can raise enough money from the sale of shares to buy a sector rival and revive their failing businesses.</p><p><blockquote>然而，克莱默表示，对于这两只股票，唯一真正的赌注是 AMC 首席执行官 Adam Aron 和游戏驿站董事长 Ryan Cohen 能够通过出售股票筹集足够的资金来收购行业竞争对手并重振他们失败的业务。</blockquote></p><p> AMC, which unveiled plans to sell 12 million new shares earlier this month after placing a further 8.5 million shares with hedge fund Mudrick Capital is looking for approval to sell 25 million shares at some point next year in order to fund potential 'value creating' investment opportunities.</p><p><blockquote>AMC 在与对冲基金 Mudrick Capital 再配售 850 万股股票后，于本月早些时候公布了出售 1200 万股新股的计划，目前正在寻求批准在明年某个时候出售 2500 万股股票，以便为潜在的“价值创造”投资机会提供资金。</blockquote></p><p> GameStop, meanwhile, said it plans to sell up to 5 million shares in an \"at-the-market\" offering, noting it will use the capital for \"general corporate purposes\" and investing in \"growth initiatives\" following a first quarter loss.</p><p><blockquote>与此同时，游戏驿站表示，计划在“市场”发行中出售最多 500 万股股票，并指出在第一季度亏损后，将把这笔资金用于“一般企业用途”并投资于“增长计划”。</blockquote></p><p> \"Right now AMC is a $30 billion company with very little hope that it can survive unless it monetizes the meme support, which his exactly what it should do,\" Cramer said in hisReal Money Column Monday. \"&nbsp;GameStop needs a brilliant plan and while Cohen has brought in brilliant people, the issue is what is the company going to be? It can’t be what it is. No industry insider thinks that is possible.\"</p><p><blockquote>克莱默周一在他的 Real Money 专栏中表示：“目前 AMC 是一家市值 300 亿美元的公司，除非它将模因支持货币化，否则它生存的希望很小，而这正是它应该做的。”“游戏驿站需要一个出色的计划，虽然科恩引进了优秀的人才，但问题是公司会变成什么样？不可能变成现在这样。没有业内人士认为这是可能的”。</blockquote></p><p> AMC shares were marked 8.5%&nbsp; lower in mid-day trading Monday to change hands at $54.30 each, a move that would take the stock's one-month gain to around 350%.</p><p><blockquote>AMC 股价在周一午盘交易中下跌 8.5%，至每股 54.30 美元易手，此举将使该股一个月的涨幅达到 350% 左右。</blockquote></p><p> GameStop shares slumped 7.2% lower to $198.40 each, a gain of 12.5% from last month's levels.</p><p><blockquote>游戏驿站股价下跌 7.2%，至每股 198.40 美元，较上月水平上涨 12.5%。</blockquote></p><p> Data from theYolosocks.livewebsite, which tracks real-time mentions on stocks within Reddit's r/wallstreetbets chatroom, indicates that AMC is still the most-discussed stock among users over the past 24 hours and more than 777 mentions.</p><p><blockquote>theYolosocks.livewebsite 在 Reddit 的 r/wallstreetbets 聊天室中跟踪股票的实时提及，数据显示，AMC 仍然是过去 24 小时内用户讨论最多的股票，提及次数超过 777 次。</blockquote></p><p> Short interest in AMC shares remains elevated, however, with data from S3 Partners pegging it at 68.83 million. That represents around 13.8% of the outstanding float, or just under $4 billion in market value.</p><p><blockquote>然而，对 AMC 股票的空头兴趣仍然很高，S3 Partners 的数据显示，空头兴趣为 6883 万股。这约占已发行股票的 13.8%，市值略低于 40 亿美元。</blockquote></p><p> For GameStop. short interest is around 11.5 million shares, or 19.9% of the outstanding float, pegging bets against the money-losing retailer at $2.64 billion.</p><p><blockquote>为了游戏驿站。空头权益约为 1,150 万股，占流通股的 19.9%，对这家亏损零售商的押注为 26.4 亿美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/amc-rises-meme-stocks-hold-gains-jim-cramer-warns-iceman-cometh?puc=yahoo&cm_ven=YAHOO\">thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线"},"source_url":"https://www.thestreet.com/investing/amc-rises-meme-stocks-hold-gains-jim-cramer-warns-iceman-cometh?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135948909","content_text":"AMC Entertainment (AMC) -Get Report shares slumped lower Monday, following a 20% gain last week that lifted the cinema chain's value close to $30 billion, as the two most active meme stock names continue to dominate Reddit-retail trading.\nTheStreet'sfounder Jim Cramer, however, cautioned Monday that the ability of meme-powered investors to boost stock prices could fade in the coming weeks, citing a series of failed recommendations from discussions on the r/wallstreetbets chatroom in Reddit.\nCramer noted that recent pullbacks in Wendy's (WEN) -Get Report, Bed Bath & Beyond (BBBY) -Get Report and Cleveland Cliffs (CLF) -Get Report -- all of which have benefited from either a meme-drive retail surge or an attempt to squeeze investors betting against the stock -- suggest a retrenchment of influence back to the two stocks that started this year's phenomena: AMC and GameStop (GME) -Get Report.\nWith both stocks, however, Cramer says the only real bet is that CEO Adam Aron of AMC and Chairman Ryan Cohen of GameStop can raise enough money from the sale of shares to buy a sector rival and revive their failing businesses.\nAMC, which unveiled plans to sell 12 million new shares earlier this month after placing a further 8.5 million shares with hedge fund Mudrick Capital is looking for approval to sell 25 million shares at some point next year in order to fund potential 'value creating' investment opportunities.\nGameStop, meanwhile, said it plans to sell up to 5 million shares in an \"at-the-market\" offering, noting it will use the capital for \"general corporate purposes\" and investing in \"growth initiatives\" following a first quarter loss.\n\"Right now AMC is a $30 billion company with very little hope that it can survive unless it monetizes the meme support, which his exactly what it should do,\" Cramer said in hisReal Money Column Monday. \" GameStop needs a brilliant plan and while Cohen has brought in brilliant people, the issue is what is the company going to be? It can’t be what it is. No industry insider thinks that is possible.\"\nAMC shares were marked 8.5%  lower in mid-day trading Monday to change hands at $54.30 each, a move that would take the stock's one-month gain to around 350%.\nGameStop shares slumped 7.2% lower to $198.40 each, a gain of 12.5% from last month's levels.\nData from theYolosocks.livewebsite, which tracks real-time mentions on stocks within Reddit's r/wallstreetbets chatroom, indicates that AMC is still the most-discussed stock among users over the past 24 hours and more than 777 mentions.\nShort interest in AMC shares remains elevated, however, with data from S3 Partners pegging it at 68.83 million. That represents around 13.8% of the outstanding float, or just under $4 billion in market value.\nFor GameStop. short interest is around 11.5 million shares, or 19.9% of the outstanding float, pegging bets against the money-losing retailer at $2.64 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11:55","market":"us","language":"en","title":"2 Reasons Netflix Will Win Its Merchandising Gambit<blockquote>Netflix 将赢得营销策略的 2 个原因</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137428482","media":"Motley Fool","summary":"The leading premium streaming video service has an online store. It's bigger than you think.","content":"<p>It's easy to be skeptical about last week's launch of&nbsp;<b>Netflix</b>'s(NASDAQ:NFLX)&nbsp;online merch store. The new platform -- available via&nbsp;Netflix.shop-- is limited to selling T-shirts and hoodies themed to its<i>Yasuke</i>and<i>Eden</i>anime. It's just designer streetwear right now, and it's not cheap. T-shirts range in price from $30 to $45. Hypland's Yasuke hoodie is going to set you back a beefy $82, or nearly half a year of a Netflix subscription.</p><p><blockquote>人们很容易对上周推出的<b>网飞</b>s（纳斯达克股票代码：NFLX）在线商品商店。这个新平台（可通过 Netflix.shop 购买）仅限于销售以其为主题的 T 恤和连帽衫<i>康介</i>和<i>伊甸园</i>动漫。现在只是名牌街头服饰，而且不便宜。T恤的价格从30美元到45美元不等。Hypland的Yasuke连帽衫将花费你82美元，相当于近半年的网飞订阅费。</blockquote></p><p> However, you may want to think twice before you dismiss the leading premium video service's chances here. There are some good reasons to bet on Netflix's latest move. Let's check them out.</p><p><blockquote>然而，在你拒绝领先的优质视频服务的机会之前，你可能要三思。有一些充分的理由押注 Netflix 的最新举措。我们去看看。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/434a5606f0aa105dc2200617936db7bd\" tg-width=\"2000\" tg-height=\"1333\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. Netflix is just getting started</b></p><p><blockquote><b>1. Netflix 才刚刚起步</b></blockquote></p><p> This is obviously just the opening act of Netflix.shop. You can get third-party -- admittedly unlicensed -- shirts for a lot less elsewhere. It will be harder to duplicate the<i>Yasuke</i>and<i>Eden</i>action figures that Netflix is promising will roll out later this month.</p><p><blockquote>这显然只是Netflix.shop的开场行为。你可以在其他地方以更低的价格买到第三方——公认是未经许可的——衬衫。复制<i>康介</i>和<i>伊甸园</i>网飞承诺的动作人物将于本月晚些时候推出。</blockquote></p><p> Limited-edition apparel and decor inspired by<i>Lupin</i>-- with the second season just dropping into your Netflix queue -- will hit the digital storefront this month. Last week's launch also teased upcoming exclusive<i>Stranger Things</i>and<i>The Witcher</i>product lines. Reports also have Netflix working on a<i>Bridgerton</i>clothing line alongside live events. And Fans of<i>La Casa de Papel</i>-- aka<i>Money Heist</i>-- should be on the lookout for proprietary merch.</p><p><blockquote>限量版服装和装饰灵感来自<i>鲁邦</i>-- 第二季刚刚进入您的 Netflix 队列 -- 将于本月登陆数字店面。上周的发布会还预告了即将推出的独家<i>奇怪的事情</i>和<i>巫师</i>产品线。据报道，Netflix 还在开发<i>布里奇顿</i>现场活动旁边的服装系列。和粉丝<i>纸屋</i>-- 又名<i>抢劫钱财</i>-- 应该留意专有商品。</blockquote></p><p> Don't judge Netflix's new foray into the e-tail of physical merch based on what you see on today's landing page. The store will get bigger, and you'll get there once they roll around to paddling a new revenue stream based on one of your favorite shows.</p><p><blockquote>不要根据你在今天的登录页面上看到的内容来判断网飞进军实体电子商务的新尝试。商店会变得更大，一旦他们开始根据你最喜欢的节目之一划出新的收入流，你就会到达那里。</blockquote></p><p> <b>2. Never underestimate the Netflix audience</b></p><p><blockquote><b>2.永远不要低估Netflix的观众</b></blockquote></p><p> It's not smart to bet against Netflix. It doesn't make a move unless it has thoroughly thought things through. How many times were we asking Netflix to rent video games by mail during its red envelope days? How many analysts have wondered about the money that Netflix could rake in it if sold ads on top of its streams in this era of rising connected-TV rates?</p><p><blockquote>押注网飞是不明智的。除非它彻底考虑清楚，否则它不会采取行动。在网飞的红包时代，我们有多少次要求它通过邮件租赁电子游戏？有多少分析师想知道，在这个联网电视费率不断上涨的时代，如果 Netflix 在其流媒体上出售广告，可以从中赚到多少钱？</blockquote></p><p> Netflix is way smarter than me. It may also be smarter than you when it comes to how it runs its business. Bloomberg is reporting that Netflix is in the process of hiring heads of consumer products, podcasts, and video game businesses that don't currently exist. If they see the light of day -- as we're seeing with consumer product -- it's because the company knows what it's doing.</p><p><blockquote>网飞比我聪明多了。在如何经营业务方面，它也可能比你聪明。彭博社报道称，网飞正在招聘目前不存在的消费品、播客和视频游戏业务的负责人。如果他们看到了曙光——就像我们在消费品上看到的那样——那是因为公司知道自己在做什么。</blockquote></p><p> Netflix had&nbsp;207.6 million subscribersat the end of March, and we're talking about entire families here. The reach and breadth is larger than the account base. It's a captive audience spending hours a day getting lost in Netflix's growing digital catalog of content.</p><p><blockquote>截至 3 月底，Netflix 拥有 2.076 亿订户，我们这里谈论的是整个家庭。覆盖面和广度大于账户基础。这是一个被俘虏的观众，每天花几个小时迷失在网飞不断增长的数字内容目录中。</blockquote></p><p> Folks trust Netflix to get it right. They stick around, even if it means prices keep moving higher. Netflix has increased its monthly rates in the U.S.five times over the last seven years, and the sub count is always higher by the time the next hike rolls around.</p><p><blockquote>人们相信网飞会把事情做好。它们会留下来，即使这意味着价格不断上涨。过去七年里，Netflix 已五次提高美国的月费率，而且到下一次加息时，子费率总是更高。</blockquote></p><p> Netflix is a&nbsp;media stock. It's not a surprise that traditional media behemoths are generating significant sums of incremental revenue through vibrant consumer product sales. Why wouldn't Netflix -- a company that's been collecting gobs of data on your viewing habits for years -- be as good at nailing what you'll want to buy next as it is at knowing what you want to view next? We may never see a theme park, though I would be the first in line through the turnstiles of Netflixlandia to ride the<i>Ozark</i>roller coaster or experience the<i>Stranger Things</i>dark ride. Selling unique merch to an engaged audience will be a lot easier, and unlike that<i>Ozark</i>coaster there are no height requirements or seat restraints to keep you from making the most of the consumer products ride.</p><p><blockquote>网飞是一只媒体股。传统媒体巨头通过充满活力的消费品销售产生大量增量收入，这并不奇怪。为什么网飞——一家多年来一直在收集大量关于你观看习惯的数据的公司——不能像知道你下一步想买什么一样擅长确定你下一步想买什么？我们可能永远不会看到主题公园，尽管我会是第一个通过 Netflixlandia 十字转门乘坐主题公园的人<i>欧扎克</i>过山车或体验<i>奇怪的事情</i>黑暗骑行。向参与的受众销售独特的商品会容易得多，不同之处在于<i>欧扎克</i>过山车没有高度要求或座椅限制，以阻止您充分利用消费品。</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>2 Reasons Netflix Will Win Its Merchandising Gambit<blockquote>Netflix 将赢得营销策略的 2 个原因</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\">\n2 Reasons Netflix Will Win Its Merchandising Gambit<blockquote>Netflix 将赢得营销策略的 2 个原因</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-06-16 11:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It's easy to be skeptical about last week's launch of&nbsp;<b>Netflix</b>'s(NASDAQ:NFLX)&nbsp;online merch store. The new platform -- available via&nbsp;Netflix.shop-- is limited to selling T-shirts and hoodies themed to its<i>Yasuke</i>and<i>Eden</i>anime. It's just designer streetwear right now, and it's not cheap. T-shirts range in price from $30 to $45. Hypland's Yasuke hoodie is going to set you back a beefy $82, or nearly half a year of a Netflix subscription.</p><p><blockquote>人们很容易对上周推出的<b>网飞</b>s（纳斯达克股票代码：NFLX）在线商品商店。这个新平台（可通过 Netflix.shop 购买）仅限于销售以其为主题的 T 恤和连帽衫<i>康介</i>和<i>伊甸园</i>动漫。现在只是名牌街头服饰，而且不便宜。T恤的价格从30美元到45美元不等。Hypland的Yasuke连帽衫将花费你82美元，相当于近半年的网飞订阅费。</blockquote></p><p> However, you may want to think twice before you dismiss the leading premium video service's chances here. There are some good reasons to bet on Netflix's latest move. Let's check them out.</p><p><blockquote>然而，在你拒绝领先的优质视频服务的机会之前，你可能要三思。有一些充分的理由押注 Netflix 的最新举措。我们去看看。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/434a5606f0aa105dc2200617936db7bd\" tg-width=\"2000\" tg-height=\"1333\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. Netflix is just getting started</b></p><p><blockquote><b>1. Netflix 才刚刚起步</b></blockquote></p><p> This is obviously just the opening act of Netflix.shop. You can get third-party -- admittedly unlicensed -- shirts for a lot less elsewhere. It will be harder to duplicate the<i>Yasuke</i>and<i>Eden</i>action figures that Netflix is promising will roll out later this month.</p><p><blockquote>这显然只是Netflix.shop的开场行为。你可以在其他地方以更低的价格买到第三方——公认是未经许可的——衬衫。复制<i>康介</i>和<i>伊甸园</i>网飞承诺的动作人物将于本月晚些时候推出。</blockquote></p><p> Limited-edition apparel and decor inspired by<i>Lupin</i>-- with the second season just dropping into your Netflix queue -- will hit the digital storefront this month. Last week's launch also teased upcoming exclusive<i>Stranger Things</i>and<i>The Witcher</i>product lines. Reports also have Netflix working on a<i>Bridgerton</i>clothing line alongside live events. And Fans of<i>La Casa de Papel</i>-- aka<i>Money Heist</i>-- should be on the lookout for proprietary merch.</p><p><blockquote>限量版服装和装饰灵感来自<i>鲁邦</i>-- 第二季刚刚进入您的 Netflix 队列 -- 将于本月登陆数字店面。上周的发布会还预告了即将推出的独家<i>奇怪的事情</i>和<i>巫师</i>产品线。据报道，Netflix 还在开发<i>布里奇顿</i>现场活动旁边的服装系列。和粉丝<i>纸屋</i>-- 又名<i>抢劫钱财</i>-- 应该留意专有商品。</blockquote></p><p> Don't judge Netflix's new foray into the e-tail of physical merch based on what you see on today's landing page. The store will get bigger, and you'll get there once they roll around to paddling a new revenue stream based on one of your favorite shows.</p><p><blockquote>不要根据你在今天的登录页面上看到的内容来判断网飞进军实体电子商务的新尝试。商店会变得更大，一旦他们开始根据你最喜欢的节目之一划出新的收入流，你就会到达那里。</blockquote></p><p> <b>2. Never underestimate the Netflix audience</b></p><p><blockquote><b>2.永远不要低估Netflix的观众</b></blockquote></p><p> It's not smart to bet against Netflix. It doesn't make a move unless it has thoroughly thought things through. How many times were we asking Netflix to rent video games by mail during its red envelope days? How many analysts have wondered about the money that Netflix could rake in it if sold ads on top of its streams in this era of rising connected-TV rates?</p><p><blockquote>押注网飞是不明智的。除非它彻底考虑清楚，否则它不会采取行动。在网飞的红包时代，我们有多少次要求它通过邮件租赁电子游戏？有多少分析师想知道，在这个联网电视费率不断上涨的时代，如果 Netflix 在其流媒体上出售广告，可以从中赚到多少钱？</blockquote></p><p> Netflix is way smarter than me. It may also be smarter than you when it comes to how it runs its business. Bloomberg is reporting that Netflix is in the process of hiring heads of consumer products, podcasts, and video game businesses that don't currently exist. If they see the light of day -- as we're seeing with consumer product -- it's because the company knows what it's doing.</p><p><blockquote>网飞比我聪明多了。在如何经营业务方面，它也可能比你聪明。彭博社报道称，网飞正在招聘目前不存在的消费品、播客和视频游戏业务的负责人。如果他们看到了曙光——就像我们在消费品上看到的那样——那是因为公司知道自己在做什么。</blockquote></p><p> Netflix had&nbsp;207.6 million subscribersat the end of March, and we're talking about entire families here. The reach and breadth is larger than the account base. It's a captive audience spending hours a day getting lost in Netflix's growing digital catalog of content.</p><p><blockquote>截至 3 月底，Netflix 拥有 2.076 亿订户，我们这里谈论的是整个家庭。覆盖面和广度大于账户基础。这是一个被俘虏的观众，每天花几个小时迷失在网飞不断增长的数字内容目录中。</blockquote></p><p> Folks trust Netflix to get it right. They stick around, even if it means prices keep moving higher. Netflix has increased its monthly rates in the U.S.five times over the last seven years, and the sub count is always higher by the time the next hike rolls around.</p><p><blockquote>人们相信网飞会把事情做好。它们会留下来，即使这意味着价格不断上涨。过去七年里，Netflix 已五次提高美国的月费率，而且到下一次加息时，子费率总是更高。</blockquote></p><p> Netflix is a&nbsp;media stock. It's not a surprise that traditional media behemoths are generating significant sums of incremental revenue through vibrant consumer product sales. Why wouldn't Netflix -- a company that's been collecting gobs of data on your viewing habits for years -- be as good at nailing what you'll want to buy next as it is at knowing what you want to view next? We may never see a theme park, though I would be the first in line through the turnstiles of Netflixlandia to ride the<i>Ozark</i>roller coaster or experience the<i>Stranger Things</i>dark ride. Selling unique merch to an engaged audience will be a lot easier, and unlike that<i>Ozark</i>coaster there are no height requirements or seat restraints to keep you from making the most of the consumer products ride.</p><p><blockquote>网飞是一只媒体股。传统媒体巨头通过充满活力的消费品销售产生大量增量收入，这并不奇怪。为什么网飞——一家多年来一直在收集大量关于你观看习惯的数据的公司——不能像知道你下一步想买什么一样擅长确定你下一步想买什么？我们可能永远不会看到主题公园，尽管我会是第一个通过 Netflixlandia 十字转门乘坐主题公园的人<i>欧扎克</i>过山车或体验<i>奇怪的事情</i>黑暗骑行。向参与的受众销售独特的商品会容易得多，不同之处在于<i>欧扎克</i>过山车没有高度要求或座椅限制，以阻止您充分利用消费品。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/15/2-reasons-netflix-will-win-its-merchandising-gambi/\">Motley Fool</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":{"NFLX":"奈飞"},"source_url":"https://www.fool.com/investing/2021/06/15/2-reasons-netflix-will-win-its-merchandising-gambi/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137428482","content_text":"It's easy to be skeptical about last week's launch of Netflix's(NASDAQ:NFLX) online merch store. The new platform -- available via Netflix.shop-- is limited to selling T-shirts and hoodies themed to itsYasukeandEdenanime. It's just designer streetwear right now, and it's not cheap. T-shirts range in price from $30 to $45. Hypland's Yasuke hoodie is going to set you back a beefy $82, or nearly half a year of a Netflix subscription.\nHowever, you may want to think twice before you dismiss the leading premium video service's chances here. There are some good reasons to bet on Netflix's latest move. Let's check them out.\nIMAGE SOURCE: GETTY IMAGES.\n1. Netflix is just getting started\nThis is obviously just the opening act of Netflix.shop. You can get third-party -- admittedly unlicensed -- shirts for a lot less elsewhere. It will be harder to duplicate theYasukeandEdenaction figures that Netflix is promising will roll out later this month.\nLimited-edition apparel and decor inspired byLupin-- with the second season just dropping into your Netflix queue -- will hit the digital storefront this month. Last week's launch also teased upcoming exclusiveStranger ThingsandThe Witcherproduct lines. Reports also have Netflix working on aBridgertonclothing line alongside live events. And Fans ofLa Casa de Papel-- akaMoney Heist-- should be on the lookout for proprietary merch.\nDon't judge Netflix's new foray into the e-tail of physical merch based on what you see on today's landing page. The store will get bigger, and you'll get there once they roll around to paddling a new revenue stream based on one of your favorite shows.\n2. Never underestimate the Netflix audience\nIt's not smart to bet against Netflix. It doesn't make a move unless it has thoroughly thought things through. How many times were we asking Netflix to rent video games by mail during its red envelope days? How many analysts have wondered about the money that Netflix could rake in it if sold ads on top of its streams in this era of rising connected-TV rates?\nNetflix is way smarter than me. It may also be smarter than you when it comes to how it runs its business. Bloomberg is reporting that Netflix is in the process of hiring heads of consumer products, podcasts, and video game businesses that don't currently exist. If they see the light of day -- as we're seeing with consumer product -- it's because the company knows what it's doing.\nNetflix had 207.6 million subscribersat the end of March, and we're talking about entire families here. The reach and breadth is larger than the account base. It's a captive audience spending hours a day getting lost in Netflix's growing digital catalog of content.\nFolks trust Netflix to get it right. They stick around, even if it means prices keep moving higher. Netflix has increased its monthly rates in the U.S.five times over the last seven years, and the sub count is always higher by the time the next hike rolls around.\nNetflix is a media stock. It's not a surprise that traditional media behemoths are generating significant sums of incremental revenue through vibrant consumer product sales. Why wouldn't Netflix -- a company that's been collecting gobs of data on your viewing habits for years -- be as good at nailing what you'll want to buy next as it is at knowing what you want to view next? We may never see a theme park, though I would be the first in line through the turnstiles of Netflixlandia to ride theOzarkroller coaster or experience theStranger Thingsdark ride. Selling unique merch to an engaged audience will be a lot easier, and unlike thatOzarkcoaster there are no height requirements or seat restraints to keep you from making the most of the consumer products ride.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124761605,"gmtCreate":1624794027707,"gmtModify":1633948571816,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124761605","repostId":"1184001921","repostType":4,"repost":{"id":"1184001921","kind":"news","pubTimestamp":1624763737,"share":"https://www.laohunote.com/m/news/1184001921?lang=zh_CN&edition=full","pubTime":"2021-06-27 11:15","market":"us","language":"en","title":"Amazon: Good Stock, Not Good Price<blockquote>亚马逊：库存好，价格不好</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184001921","media":"seekingalpha","summary":"Summary\n\nAmazon is one of the most innovative companies in the world today, leading the E-commerce i","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Amazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.</li>  <li>Unfortunately, it's a little overpriced. This is consistent with some of the other mega-cap stocks I've analyzed.</li>  <li>This article looks at what Amazon stock is most likely worth for us investors.</li>  <li>I hope you enjoy.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/451bc93115fb453c0fcb76434c40f7f4\" tg-width=\"1536\" tg-height=\"1024\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是当今世界最具创新精神的公司之一，引领着电子商务行业和云计算服务。</li><li>不幸的是，它的价格有点过高。这与我分析过的其他一些大型股一致。</li><li>本文着眼于亚马逊股票对美国投资者来说最有可能的价值。</li><li>我希望你喜欢。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Today, Amazon (AMZN) seems to be a little overpriced based on my intrinsic value model.</p><p><blockquote>如今，根据我的内在价值模型，亚马逊（AMZN）似乎有点定价过高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a82d937a2de3f0709088e1ab4548267b\" tg-width=\"371\" tg-height=\"260\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> You might have seen some of my other articles where I've bashed other popular stocks like Apple (AAPL) or Microsoft (MSFT). Well, I guess today it's Amazon's turn. I just try to share what I think companies are worth, and I've found that a lot of companies seem to be overpriced.</p><p><blockquote>您可能已经看过我的其他一些文章，其中我抨击了苹果 (AAPL) 或微软 (MSFT) 等其他热门股票。好吧，我想今天轮到亚马逊了。我只是试图分享我认为公司的价值，我发现很多公司似乎定价过高。</blockquote></p><p> In this article, I'll break down how I came up with Amazon's valuation. I know that there's tons of different opinions out there about Amazon, so I'll try to share the reasoning behind my valuation to help you make better investments in the future.</p><p><blockquote>在这篇文章中，我将分析我是如何得出亚马逊估值的。我知道关于亚马逊有很多不同的观点，所以我会尝试分享我的估值背后的原因，以帮助你在未来做出更好的投资。</blockquote></p><p> Something important you should know - I'm not an expert on Amazon, and I have a really difficult time valuing growth stocks. I really doubt that I have the ability to estimate a company's future growth. I made future growth estimates by looking at past growth and making conservative estimates of the future.</p><p><blockquote>你应该知道一件重要的事情——我不是亚马逊方面的专家，而且我很难评估成长型股票。我真的怀疑我是否有能力估计一家公司的未来增长。我通过观察过去的增长并对未来做出保守的估计来预测未来的增长。</blockquote></p><p> This method borders on \"data extrapolation\", which is making assumptions based on past data. Data extrapolation isn't great because the future is different from the past - so making future projections based on past data isn't ideal.</p><p><blockquote>这种方法接近于“数据外推”，即根据过去的数据做出假设。数据外推不是很好，因为未来不同于过去——所以根据过去的数据进行未来预测并不理想。</blockquote></p><p> But after valuing hundreds of companies, I've found that this kind of style does a good job of getting the valuation approximately right. I always try to set my valuations low, because it's better to buy low and make a killing than buy high and lose money.</p><p><blockquote>但在对数百家公司进行估值后，我发现这种风格在获得大致正确的估值方面做得很好。我总是尽量把我的估值定得低，因为低买高卖赔钱不如低买高卖。</blockquote></p><p>   Warren Buffett said, “The three most important words in investing are  <b>margin of safety</b>.” That means to buy stuff on sale... That's the whole secret to great investing.    Rule 1 Investing  This model is built on getting the valuation \"approximately right,\" and looking to buy with a large margin of safety. I hope you enjoy, and as always, I'll try to keep it clean and common sense.</p><p><blockquote>沃伦·巴菲特说：“投资中最重要的三个词是<b>安全裕度</b>意思是买打折的东西……这就是伟大投资的全部秘诀。规则 1 投资该模型的基础是获得“大致正确”的估值，并寻求以较大的安全边际购买。我希望你喜欢，一如既往，我会尽量保持干净和常识。</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Where does Amazon get its money? Amazon is split into 3 segments: North America, International, and AWS.</p><p><blockquote>亚马逊从哪里来钱？亚马逊分为3个部门：北美、国际和AWS。</blockquote></p><p> As a market leader in 2 high growth industries (E-commerce and cloud computing), Amazon will probably continue to see high growth in the future. In this section, I looked at the past revenue growth and operating margins for each of Amazon's segments, and I used this to make conservative future projections.</p><p><blockquote>作为2个高增长行业（电子商务和云计算）的市场领导者，亚马逊未来很可能会继续保持高增长。在本节中，我查看了亚马逊每个细分市场过去的收入增长和营业利润率，并以此对未来做出了保守的预测。</blockquote></p><p> And later, I added up the numbers from each segment to make projections for the whole company. Here's a look at AMZN's North America segment. This segment's revenue comes from retail sales and subscription service revenues.</p><p><blockquote>后来，我把每个细分市场的数字加起来，对整个公司进行预测。以下是 AMZN 的北美业务。该部门的收入来自零售销售和订阅服务收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce022c0ecacc3829cf83378211bbfd9d\" tg-width=\"640\" tg-height=\"192\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> I projected declining revenue growth and strong operating margins for this segment. I projected slower revenue growth, because I figure there has to be a cap on how much money Amazon can make in North America.</p><p><blockquote>我预计该部门的收入增长将下降，营业利润率将强劲。我预计收入增长会放缓，因为我认为亚马逊在北美能赚多少钱必须有一个上限。</blockquote></p><p> Hopefully, Amazon will exceed this revenue growth. But, I do think it would be a pretty incredible feat for Amazon to grow from $200B in revenue to $400B in 5 years.</p><p><blockquote>希望亚马逊能够超过这一收入增长。但是，我确实认为亚马逊在5年内从2000亿美元的收入增长到4000亿美元将是一个非常不可思议的壮举。</blockquote></p><p> Here's a look at Amazon's International segment:</p><p><blockquote>以下是亚马逊的国际业务：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3d7a5bde370f55e863f58c888abc496\" tg-width=\"640\" tg-height=\"219\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> For Amazon's international segment, I projected 20% annual revenue growth, and improving operating margins. I figured that operating margins would gradually improve until the margins reached a similar point to what Amazon sees in its US segment.</p><p><blockquote>对于亚马逊的国际部门，我预计年收入增长 20%，营业利润率将有所提高。我认为营业利润率会逐渐提高，直到利润率达到与亚马逊美国业务相似的水平。</blockquote></p><p> And for Amazon's last and most exciting segment, here's AWS:</p><p><blockquote>对于亚马逊最后也是最令人兴奋的部分，这里是 AWS：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/769700013871f2cd09e8ce47cfb10966\" tg-width=\"640\" tg-height=\"203\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> AWS is undoubtedly going to bring high growth for Amazon, and high profits. I projected that the AWS segment will probably continue to grow at a high rate. I projected a 25-30% annual revenue growth rate because cloud computing has a lot of room to grow, and according to Research and Markets, the cloud computing industry should grow at about&nbsp;17.5% CAGR&nbsp;until 2025.</p><p><blockquote>AWS无疑将为亚马逊带来高增长和高利润。我预计 AWS 细分市场可能会继续高速增长。我预计年收入增长率为25-30%，因为云计算有很大的增长空间，根据研究和市场，到2025年，云计算行业的CAGR增长率应该约为17.5%。</blockquote></p><p></p><p> Additionally, I projected 28% operating margins, because the AWS business benefits from operating leverage. As more people use the software, the company is able to make higher margins as it spreads costs over more people. It's possible that Amazon could exceed 28% operating margins, so there might be upside to Amazon's fair value.</p><p><blockquote>此外，我预计营业利润率为 28%，因为 AWS 业务受益于运营杠杆。随着越来越多的人使用该软件，该公司能够将成本分摊到更多人身上，从而获得更高的利润。亚马逊的营业利润率有可能超过 28%，因此亚马逊的公允价值可能会有上涨空间。</blockquote></p><p> These projections were added together to help us figure out what the entire company should be worth.</p><p><blockquote>这些预测被加在一起，以帮助我们计算出整个公司的价值。</blockquote></p><p> <b>Capital Allocation</b></p><p><blockquote><b>资本配置</b></blockquote></p><p> How does Amazon spend its money? You might find it interesting to analyze Amazon's capital allocation, so you can see what Amazon does with its money, and where it might be investing for the future.</p><p><blockquote>亚马逊是怎么花钱的？你可能会发现分析亚马逊的资本配置很有趣，这样你就可以看到亚马逊用它的钱做了什么，以及它未来可能会投资到哪里。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45f5afa0f641ee1aae39aa69cc150165\" tg-width=\"619\" tg-height=\"499\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> The biggest portion of Amazon's operating cash flows goes towards capital expenditures. From what I can tell, Amazon has not had any share activity over the past 5 years. The company has issued shares - but from the looks of the cash flow statement, it looks like they haven't raised any money from selling shares, and they haven't spent any money buying back shares.</p><p><blockquote>亚马逊运营现金流的最大部分用于资本支出。据我所知，亚马逊在过去5年里没有任何分享活动。该公司已经发行股票——但从现金流量表来看，他们似乎没有通过出售股票筹集到任何资金，也没有花任何钱回购股票。</blockquote></p><p>   In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration.  <i>There were no repurchases of common stock in 2018, 2019, or 2020.</i>    Source:2020 10-K&nbsp;page 60,  <i>emphasis added</i>  But for our purposes, this quote shows that Amazon hasn't bought back any stock over the past 3 years. They also haven't spent any money on dividends, which is good because they're a high growth company.</p><p><blockquote>2016年2月，董事会批准了一项回购高达50亿美元普通股的计划，没有固定的到期日。<i>2018年、2019年或2020年没有回购普通股。</i>来源：2020 10-K 第 60 页，<i>增加了重点</i>但就我们的目的而言，这句话表明亚马逊在过去 3 年里没有回购任何股票。他们也没有在股息上花任何钱，这很好，因为他们是一家高增长公司。</blockquote></p><p> Amazon has consistently spent money on acquisitions and paying down debt. What's really interesting is that Amazon has built up a lot of spare cash over the past 5 years. Their cash position has risen about $58B since 2016, going from about $26B at the end of 2016 to about $84B at the end of 2020.</p><p><blockquote>亚马逊一直在收购和偿还债务上花钱。真正有趣的是，亚马逊在过去5年里积累了大量闲置现金。自2016年以来，他们的现金头寸增加了约580亿美元，从2016年底的约26B美元增加到2020年底的约840亿美元。</blockquote></p><p> Amazon has a lot more cash than they used to, so we could see future spending go towards a dividend, share buybacks, new acquisitions, or maybe more business investments that will lead to growth.</p><p><blockquote>亚马逊拥有比以前多得多的现金，因此我们可能会看到未来的支出将用于股息、股票回购、新收购，或者更多将带来增长的商业投资。</blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> First, I used a discount rate of 7.7% for Amazon because that's what I found the company's weighted average cost of capital, or WACC, to be. I assumed an 8% cost of equity, and Amazon has averaged somewhere around a 20-30% tax rate over the past 10 years.</p><p><blockquote>首先，我对亚马逊使用了 7.7% 的贴现率，因为我发现该公司的加权平均资本成本 (WACC) 就是这样。我假设股权成本为 8%，过去 10 年亚马逊的平均税率约为 20-30%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c036264f19bb10fdad477a629b40f803\" tg-width=\"361\" tg-height=\"288\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> I used a DCF model to find Amazon's value today. In the model down below, you can see in the top 2 red boxes that I projected that the company would have lower revenue growth and strong operating margins.</p><p><blockquote>我用DCF模型找到了亚马逊今天的价值。在下面的模型中，您可以在顶部 2 个红色方框中看到，我预计该公司的收入增长将较低，营业利润率将较高。</blockquote></p><p> This model projects that Amazon will have over $850B in revenue by 2025. That's absolutely nuts if you think about it, but based on estimated revenue growth, it seems feasible.</p><p><blockquote>该模型预计，到 2025 年，亚马逊的收入将超过 8500 亿美元。仔细想想，这绝对是疯狂的，但根据预计的收入增长，这似乎是可行的。</blockquote></p><p> Right now, Walmart(NYSE:WMT)leads the world in revenue with about $550B. Amazon sits in third place for annual revenue, with about $390B. In 5 years, Amazon could easily have the largest revenue of any company in the world.</p><p><blockquote>目前，沃尔玛（纽约证券交易所股票代码：WMT）以约 5500 亿美元的收入领先全球。亚马逊的年收入排名第三，约为 3900 亿美元。5年后，亚马逊很容易成为世界上收入最高的公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95c459abcbda43e35b40379a1083ecae\" tg-width=\"640\" tg-height=\"510\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Down at the bottom of this model, you can see there's a red box that projects unlevered FCF margins. This basically measures how much of the company's revenue will become business profits, without including interest or debt payments. In the turquoise box, I applied the discount rate to see what the future cash flows are worth today.</p><p><blockquote>在该模型的底部，您可以看到一个红色框，显示无杠杆自由现金流利润率。这基本上衡量了公司有多少收入将成为商业利润，不包括利息或债务支付。在绿松石框中，我应用贴现率来查看未来现金流今天的价值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a3fa0846616fdc847a3fe1fdf7a09bed\" tg-width=\"267\" tg-height=\"404\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Today, it looks like Amazon is slightly overvalued. The model projects that the stock might be about 15% overvalued, and we could expect to make about 5% annual returns over the next 5 years if we invested today.</p><p><blockquote>如今，亚马逊似乎被高估了。该模型预测该股可能被高估约 15%，如果我们今天投资，我们预计未来 5 年的年回报率约为 5%。</blockquote></p><p> These estimations are based on the future cash flows that the business should generate. I don't hate Amazon or anything, I just don't think that Amazon stock would make a great investment at current prices.</p><p><blockquote>该等估计乃基于业务应产生的未来现金流量。我不讨厌亚马逊或任何东西，我只是不认为亚马逊股票在目前的价格下会是一项伟大的投资。</blockquote></p><p> Down at the bottom, I threw in 2 \"Buy Prices\" where Amazon stock might be more appealing. The idea behind this is that the cheaper AMZN stock gets, the higher returns we can expect.</p><p><blockquote>在底部，我抛出了两个亚马逊股票可能更有吸引力的“买入价”。这背后的想法是，AMZN 股票越便宜，我们期望的回报就越高。</blockquote></p><p> The model projects that you'd make around 15% annual returns at $2,200 per share, and you might make around 22% annual returns at $1,700 per share.</p><p><blockquote>该模型预计，每股 2,200 美元的年回报率约为 15%，每股 1,700 美元的年回报率约为 22%。</blockquote></p><p> \"But doesn't it seem unreasonable to set the buy price in the $2,000s when the stock's trading near $3,500?\" It does a little bit. It seems pretty unlikely that Amazon's share price will nose dive right down past $2,000.</p><p><blockquote>“但是当股票交易价格接近 3,500 美元时，将买入价设定在 2,000 美元左右是不是似乎不合理？”确实有一点点。亚马逊的股价似乎不太可能跌破 2,000 美元。</blockquote></p><p></p><p> But the idea is, if we're patient, we might get an opportunity to buy these shares underpriced. Last February, Amazon traded lower than $1,900 (I wish I bought some back then). We'll probably have opportunities in the future to buy Amazon at a discount.</p><p><blockquote>但我们的想法是，如果我们有耐心，我们可能会有机会以低价购买这些股票。去年2月，亚马逊的交易价格低于1900美元（我希望我当时买了一些）。我们将来可能有机会以折扣价购买亚马逊。</blockquote></p><p> <b>Recap</b></p><p><blockquote><b>回顾</b></blockquote></p><p> Today, it seems like Amazon is slightly overvalued, because it seems to offer about 5% annual returns over the next 5 years. That doesn't mean you should sell Amazon if you're a long time holder, because Amazon should continue to do well as a leader in E-commerce and cloud computing.</p><p><blockquote>如今，亚马逊似乎被略微高估了，因为它似乎在未来 5 年内提供了约 5% 的年回报率。这并不意味着如果你是长期持有者，你就应该出售亚马逊，因为亚马逊应该继续作为电子商务和云计算领域的领导者做得很好。</blockquote></p><p> But if you're looking for your next stock to invest in, Amazon seems to be too expensive right now. And if you've been eyeing Amazon for a while and you're looking to get in, now's not the best time to get into Amazon.</p><p><blockquote>但如果您正在寻找下一只投资股票，亚马逊现在似乎太贵了。如果你已经关注亚马逊有一段时间了，你想进入亚马逊，现在不是进入亚马逊的最佳时机。</blockquote></p><p> Even if we don't invest in the stock, we can still watch Amazon as they become the company with the most revenue in the world. And there's a lot we can learn from studying Amazon and Jeff Bezos. He's a smart dude.</p><p><blockquote>即使我们不投资股票，我们仍然可以看着亚马逊成为世界上收入最高的公司。我们可以从研究亚马逊和杰夫·贝索斯中学到很多东西。他是个聪明的家伙。</blockquote></p><p> Thank you very much for reading, and I hope that you have a great rest of your day.</p><p><blockquote>非常感谢你的阅读，我希望你今天过得愉快。</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: Good Stock, Not Good Price<blockquote>亚马逊：库存好，价格不好</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\">\nAmazon: Good Stock, Not Good Price<blockquote>亚马逊：库存好，价格不好</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-27 11:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Amazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.</li>  <li>Unfortunately, it's a little overpriced. This is consistent with some of the other mega-cap stocks I've analyzed.</li>  <li>This article looks at what Amazon stock is most likely worth for us investors.</li>  <li>I hope you enjoy.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/451bc93115fb453c0fcb76434c40f7f4\" tg-width=\"1536\" tg-height=\"1024\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是当今世界最具创新精神的公司之一，引领着电子商务行业和云计算服务。</li><li>不幸的是，它的价格有点过高。这与我分析过的其他一些大型股一致。</li><li>本文着眼于亚马逊股票对美国投资者来说最有可能的价值。</li><li>我希望你喜欢。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Today, Amazon (AMZN) seems to be a little overpriced based on my intrinsic value model.</p><p><blockquote>如今，根据我的内在价值模型，亚马逊（AMZN）似乎有点定价过高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a82d937a2de3f0709088e1ab4548267b\" tg-width=\"371\" tg-height=\"260\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> You might have seen some of my other articles where I've bashed other popular stocks like Apple (AAPL) or Microsoft (MSFT). Well, I guess today it's Amazon's turn. I just try to share what I think companies are worth, and I've found that a lot of companies seem to be overpriced.</p><p><blockquote>您可能已经看过我的其他一些文章，其中我抨击了苹果 (AAPL) 或微软 (MSFT) 等其他热门股票。好吧，我想今天轮到亚马逊了。我只是试图分享我认为公司的价值，我发现很多公司似乎定价过高。</blockquote></p><p> In this article, I'll break down how I came up with Amazon's valuation. I know that there's tons of different opinions out there about Amazon, so I'll try to share the reasoning behind my valuation to help you make better investments in the future.</p><p><blockquote>在这篇文章中，我将分析我是如何得出亚马逊估值的。我知道关于亚马逊有很多不同的观点，所以我会尝试分享我的估值背后的原因，以帮助你在未来做出更好的投资。</blockquote></p><p> Something important you should know - I'm not an expert on Amazon, and I have a really difficult time valuing growth stocks. I really doubt that I have the ability to estimate a company's future growth. I made future growth estimates by looking at past growth and making conservative estimates of the future.</p><p><blockquote>你应该知道一件重要的事情——我不是亚马逊方面的专家，而且我很难评估成长型股票。我真的怀疑我是否有能力估计一家公司的未来增长。我通过观察过去的增长并对未来做出保守的估计来预测未来的增长。</blockquote></p><p> This method borders on \"data extrapolation\", which is making assumptions based on past data. Data extrapolation isn't great because the future is different from the past - so making future projections based on past data isn't ideal.</p><p><blockquote>这种方法接近于“数据外推”，即根据过去的数据做出假设。数据外推不是很好，因为未来不同于过去——所以根据过去的数据进行未来预测并不理想。</blockquote></p><p> But after valuing hundreds of companies, I've found that this kind of style does a good job of getting the valuation approximately right. I always try to set my valuations low, because it's better to buy low and make a killing than buy high and lose money.</p><p><blockquote>但在对数百家公司进行估值后，我发现这种风格在获得大致正确的估值方面做得很好。我总是尽量把我的估值定得低，因为低买高卖赔钱不如低买高卖。</blockquote></p><p>   Warren Buffett said, “The three most important words in investing are  <b>margin of safety</b>.” That means to buy stuff on sale... That's the whole secret to great investing.    Rule 1 Investing  This model is built on getting the valuation \"approximately right,\" and looking to buy with a large margin of safety. I hope you enjoy, and as always, I'll try to keep it clean and common sense.</p><p><blockquote>沃伦·巴菲特说：“投资中最重要的三个词是<b>安全裕度</b>意思是买打折的东西……这就是伟大投资的全部秘诀。规则 1 投资该模型的基础是获得“大致正确”的估值，并寻求以较大的安全边际购买。我希望你喜欢，一如既往，我会尽量保持干净和常识。</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Where does Amazon get its money? Amazon is split into 3 segments: North America, International, and AWS.</p><p><blockquote>亚马逊从哪里来钱？亚马逊分为3个部门：北美、国际和AWS。</blockquote></p><p> As a market leader in 2 high growth industries (E-commerce and cloud computing), Amazon will probably continue to see high growth in the future. In this section, I looked at the past revenue growth and operating margins for each of Amazon's segments, and I used this to make conservative future projections.</p><p><blockquote>作为2个高增长行业（电子商务和云计算）的市场领导者，亚马逊未来很可能会继续保持高增长。在本节中，我查看了亚马逊每个细分市场过去的收入增长和营业利润率，并以此对未来做出了保守的预测。</blockquote></p><p> And later, I added up the numbers from each segment to make projections for the whole company. Here's a look at AMZN's North America segment. This segment's revenue comes from retail sales and subscription service revenues.</p><p><blockquote>后来，我把每个细分市场的数字加起来，对整个公司进行预测。以下是 AMZN 的北美业务。该部门的收入来自零售销售和订阅服务收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce022c0ecacc3829cf83378211bbfd9d\" tg-width=\"640\" tg-height=\"192\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> I projected declining revenue growth and strong operating margins for this segment. I projected slower revenue growth, because I figure there has to be a cap on how much money Amazon can make in North America.</p><p><blockquote>我预计该部门的收入增长将下降，营业利润率将强劲。我预计收入增长会放缓，因为我认为亚马逊在北美能赚多少钱必须有一个上限。</blockquote></p><p> Hopefully, Amazon will exceed this revenue growth. But, I do think it would be a pretty incredible feat for Amazon to grow from $200B in revenue to $400B in 5 years.</p><p><blockquote>希望亚马逊能够超过这一收入增长。但是，我确实认为亚马逊在5年内从2000亿美元的收入增长到4000亿美元将是一个非常不可思议的壮举。</blockquote></p><p> Here's a look at Amazon's International segment:</p><p><blockquote>以下是亚马逊的国际业务：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3d7a5bde370f55e863f58c888abc496\" tg-width=\"640\" tg-height=\"219\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> For Amazon's international segment, I projected 20% annual revenue growth, and improving operating margins. I figured that operating margins would gradually improve until the margins reached a similar point to what Amazon sees in its US segment.</p><p><blockquote>对于亚马逊的国际部门，我预计年收入增长 20%，营业利润率将有所提高。我认为营业利润率会逐渐提高，直到利润率达到与亚马逊美国业务相似的水平。</blockquote></p><p> And for Amazon's last and most exciting segment, here's AWS:</p><p><blockquote>对于亚马逊最后也是最令人兴奋的部分，这里是 AWS：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/769700013871f2cd09e8ce47cfb10966\" tg-width=\"640\" tg-height=\"203\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> AWS is undoubtedly going to bring high growth for Amazon, and high profits. I projected that the AWS segment will probably continue to grow at a high rate. I projected a 25-30% annual revenue growth rate because cloud computing has a lot of room to grow, and according to Research and Markets, the cloud computing industry should grow at about&nbsp;17.5% CAGR&nbsp;until 2025.</p><p><blockquote>AWS无疑将为亚马逊带来高增长和高利润。我预计 AWS 细分市场可能会继续高速增长。我预计年收入增长率为25-30%，因为云计算有很大的增长空间，根据研究和市场，到2025年，云计算行业的CAGR增长率应该约为17.5%。</blockquote></p><p></p><p> Additionally, I projected 28% operating margins, because the AWS business benefits from operating leverage. As more people use the software, the company is able to make higher margins as it spreads costs over more people. It's possible that Amazon could exceed 28% operating margins, so there might be upside to Amazon's fair value.</p><p><blockquote>此外，我预计营业利润率为 28%，因为 AWS 业务受益于运营杠杆。随着越来越多的人使用该软件，该公司能够将成本分摊到更多人身上，从而获得更高的利润。亚马逊的营业利润率有可能超过 28%，因此亚马逊的公允价值可能会有上涨空间。</blockquote></p><p> These projections were added together to help us figure out what the entire company should be worth.</p><p><blockquote>这些预测被加在一起，以帮助我们计算出整个公司的价值。</blockquote></p><p> <b>Capital Allocation</b></p><p><blockquote><b>资本配置</b></blockquote></p><p> How does Amazon spend its money? You might find it interesting to analyze Amazon's capital allocation, so you can see what Amazon does with its money, and where it might be investing for the future.</p><p><blockquote>亚马逊是怎么花钱的？你可能会发现分析亚马逊的资本配置很有趣，这样你就可以看到亚马逊用它的钱做了什么，以及它未来可能会投资到哪里。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45f5afa0f641ee1aae39aa69cc150165\" tg-width=\"619\" tg-height=\"499\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> The biggest portion of Amazon's operating cash flows goes towards capital expenditures. From what I can tell, Amazon has not had any share activity over the past 5 years. The company has issued shares - but from the looks of the cash flow statement, it looks like they haven't raised any money from selling shares, and they haven't spent any money buying back shares.</p><p><blockquote>亚马逊运营现金流的最大部分用于资本支出。据我所知，亚马逊在过去5年里没有任何分享活动。该公司已经发行股票——但从现金流量表来看，他们似乎没有通过出售股票筹集到任何资金，也没有花任何钱回购股票。</blockquote></p><p>   In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration.  <i>There were no repurchases of common stock in 2018, 2019, or 2020.</i>    Source:2020 10-K&nbsp;page 60,  <i>emphasis added</i>  But for our purposes, this quote shows that Amazon hasn't bought back any stock over the past 3 years. They also haven't spent any money on dividends, which is good because they're a high growth company.</p><p><blockquote>2016年2月，董事会批准了一项回购高达50亿美元普通股的计划，没有固定的到期日。<i>2018年、2019年或2020年没有回购普通股。</i>来源：2020 10-K 第 60 页，<i>增加了重点</i>但就我们的目的而言，这句话表明亚马逊在过去 3 年里没有回购任何股票。他们也没有在股息上花任何钱，这很好，因为他们是一家高增长公司。</blockquote></p><p> Amazon has consistently spent money on acquisitions and paying down debt. What's really interesting is that Amazon has built up a lot of spare cash over the past 5 years. Their cash position has risen about $58B since 2016, going from about $26B at the end of 2016 to about $84B at the end of 2020.</p><p><blockquote>亚马逊一直在收购和偿还债务上花钱。真正有趣的是，亚马逊在过去5年里积累了大量闲置现金。自2016年以来，他们的现金头寸增加了约580亿美元，从2016年底的约26B美元增加到2020年底的约840亿美元。</blockquote></p><p> Amazon has a lot more cash than they used to, so we could see future spending go towards a dividend, share buybacks, new acquisitions, or maybe more business investments that will lead to growth.</p><p><blockquote>亚马逊拥有比以前多得多的现金，因此我们可能会看到未来的支出将用于股息、股票回购、新收购，或者更多将带来增长的商业投资。</blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> First, I used a discount rate of 7.7% for Amazon because that's what I found the company's weighted average cost of capital, or WACC, to be. I assumed an 8% cost of equity, and Amazon has averaged somewhere around a 20-30% tax rate over the past 10 years.</p><p><blockquote>首先，我对亚马逊使用了 7.7% 的贴现率，因为我发现该公司的加权平均资本成本 (WACC) 就是这样。我假设股权成本为 8%，过去 10 年亚马逊的平均税率约为 20-30%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c036264f19bb10fdad477a629b40f803\" tg-width=\"361\" tg-height=\"288\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> I used a DCF model to find Amazon's value today. In the model down below, you can see in the top 2 red boxes that I projected that the company would have lower revenue growth and strong operating margins.</p><p><blockquote>我用DCF模型找到了亚马逊今天的价值。在下面的模型中，您可以在顶部 2 个红色方框中看到，我预计该公司的收入增长将较低，营业利润率将较高。</blockquote></p><p> This model projects that Amazon will have over $850B in revenue by 2025. That's absolutely nuts if you think about it, but based on estimated revenue growth, it seems feasible.</p><p><blockquote>该模型预计，到 2025 年，亚马逊的收入将超过 8500 亿美元。仔细想想，这绝对是疯狂的，但根据预计的收入增长，这似乎是可行的。</blockquote></p><p> Right now, Walmart(NYSE:WMT)leads the world in revenue with about $550B. Amazon sits in third place for annual revenue, with about $390B. In 5 years, Amazon could easily have the largest revenue of any company in the world.</p><p><blockquote>目前，沃尔玛（纽约证券交易所股票代码：WMT）以约 5500 亿美元的收入领先全球。亚马逊的年收入排名第三，约为 3900 亿美元。5年后，亚马逊很容易成为世界上收入最高的公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95c459abcbda43e35b40379a1083ecae\" tg-width=\"640\" tg-height=\"510\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Down at the bottom of this model, you can see there's a red box that projects unlevered FCF margins. This basically measures how much of the company's revenue will become business profits, without including interest or debt payments. In the turquoise box, I applied the discount rate to see what the future cash flows are worth today.</p><p><blockquote>在该模型的底部，您可以看到一个红色框，显示无杠杆自由现金流利润率。这基本上衡量了公司有多少收入将成为商业利润，不包括利息或债务支付。在绿松石框中，我应用贴现率来查看未来现金流今天的价值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a3fa0846616fdc847a3fe1fdf7a09bed\" tg-width=\"267\" tg-height=\"404\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Today, it looks like Amazon is slightly overvalued. The model projects that the stock might be about 15% overvalued, and we could expect to make about 5% annual returns over the next 5 years if we invested today.</p><p><blockquote>如今，亚马逊似乎被高估了。该模型预测该股可能被高估约 15%，如果我们今天投资，我们预计未来 5 年的年回报率约为 5%。</blockquote></p><p> These estimations are based on the future cash flows that the business should generate. I don't hate Amazon or anything, I just don't think that Amazon stock would make a great investment at current prices.</p><p><blockquote>该等估计乃基于业务应产生的未来现金流量。我不讨厌亚马逊或任何东西，我只是不认为亚马逊股票在目前的价格下会是一项伟大的投资。</blockquote></p><p> Down at the bottom, I threw in 2 \"Buy Prices\" where Amazon stock might be more appealing. The idea behind this is that the cheaper AMZN stock gets, the higher returns we can expect.</p><p><blockquote>在底部，我抛出了两个亚马逊股票可能更有吸引力的“买入价”。这背后的想法是，AMZN 股票越便宜，我们期望的回报就越高。</blockquote></p><p> The model projects that you'd make around 15% annual returns at $2,200 per share, and you might make around 22% annual returns at $1,700 per share.</p><p><blockquote>该模型预计，每股 2,200 美元的年回报率约为 15%，每股 1,700 美元的年回报率约为 22%。</blockquote></p><p> \"But doesn't it seem unreasonable to set the buy price in the $2,000s when the stock's trading near $3,500?\" It does a little bit. It seems pretty unlikely that Amazon's share price will nose dive right down past $2,000.</p><p><blockquote>“但是当股票交易价格接近 3,500 美元时，将买入价设定在 2,000 美元左右是不是似乎不合理？”确实有一点点。亚马逊的股价似乎不太可能跌破 2,000 美元。</blockquote></p><p></p><p> But the idea is, if we're patient, we might get an opportunity to buy these shares underpriced. Last February, Amazon traded lower than $1,900 (I wish I bought some back then). We'll probably have opportunities in the future to buy Amazon at a discount.</p><p><blockquote>但我们的想法是，如果我们有耐心，我们可能会有机会以低价购买这些股票。去年2月，亚马逊的交易价格低于1900美元（我希望我当时买了一些）。我们将来可能有机会以折扣价购买亚马逊。</blockquote></p><p> <b>Recap</b></p><p><blockquote><b>回顾</b></blockquote></p><p> Today, it seems like Amazon is slightly overvalued, because it seems to offer about 5% annual returns over the next 5 years. That doesn't mean you should sell Amazon if you're a long time holder, because Amazon should continue to do well as a leader in E-commerce and cloud computing.</p><p><blockquote>如今，亚马逊似乎被略微高估了，因为它似乎在未来 5 年内提供了约 5% 的年回报率。这并不意味着如果你是长期持有者，你就应该出售亚马逊，因为亚马逊应该继续作为电子商务和云计算领域的领导者做得很好。</blockquote></p><p> But if you're looking for your next stock to invest in, Amazon seems to be too expensive right now. And if you've been eyeing Amazon for a while and you're looking to get in, now's not the best time to get into Amazon.</p><p><blockquote>但如果您正在寻找下一只投资股票，亚马逊现在似乎太贵了。如果你已经关注亚马逊有一段时间了，你想进入亚马逊，现在不是进入亚马逊的最佳时机。</blockquote></p><p> Even if we don't invest in the stock, we can still watch Amazon as they become the company with the most revenue in the world. And there's a lot we can learn from studying Amazon and Jeff Bezos. He's a smart dude.</p><p><blockquote>即使我们不投资股票，我们仍然可以看着亚马逊成为世界上收入最高的公司。我们可以从研究亚马逊和杰夫·贝索斯中学到很多东西。他是个聪明的家伙。</blockquote></p><p> Thank you very much for reading, and I hope that you have a great rest of your day.</p><p><blockquote>非常感谢你的阅读，我希望你今天过得愉快。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436641-amazon-good-stock-not-good-price\">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":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4436641-amazon-good-stock-not-good-price","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184001921","content_text":"Summary\n\nAmazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.\nUnfortunately, it's a little overpriced. This is consistent with some of the other mega-cap stocks I've analyzed.\nThis article looks at what Amazon stock is most likely worth for us investors.\nI hope you enjoy.\n\nSundry Photography/iStock Editorial via Getty Images\nToday, Amazon (AMZN) seems to be a little overpriced based on my intrinsic value model.\nSource: Author\nYou might have seen some of my other articles where I've bashed other popular stocks like Apple (AAPL) or Microsoft (MSFT). Well, I guess today it's Amazon's turn. I just try to share what I think companies are worth, and I've found that a lot of companies seem to be overpriced.\nIn this article, I'll break down how I came up with Amazon's valuation. I know that there's tons of different opinions out there about Amazon, so I'll try to share the reasoning behind my valuation to help you make better investments in the future.\nSomething important you should know - I'm not an expert on Amazon, and I have a really difficult time valuing growth stocks. I really doubt that I have the ability to estimate a company's future growth. I made future growth estimates by looking at past growth and making conservative estimates of the future.\nThis method borders on \"data extrapolation\", which is making assumptions based on past data. Data extrapolation isn't great because the future is different from the past - so making future projections based on past data isn't ideal.\nBut after valuing hundreds of companies, I've found that this kind of style does a good job of getting the valuation approximately right. I always try to set my valuations low, because it's better to buy low and make a killing than buy high and lose money.\n\n Warren Buffett said, “The three most important words in investing are\n margin of safety.” That means to buy stuff on sale... That's the whole secret to great investing.\n\n\n Rule 1 Investing\n\nThis model is built on getting the valuation \"approximately right,\" and looking to buy with a large margin of safety. I hope you enjoy, and as always, I'll try to keep it clean and common sense.\nBusiness Model\nWhere does Amazon get its money? Amazon is split into 3 segments: North America, International, and AWS.\nAs a market leader in 2 high growth industries (E-commerce and cloud computing), Amazon will probably continue to see high growth in the future. In this section, I looked at the past revenue growth and operating margins for each of Amazon's segments, and I used this to make conservative future projections.\nAnd later, I added up the numbers from each segment to make projections for the whole company. Here's a look at AMZN's North America segment. This segment's revenue comes from retail sales and subscription service revenues.\nSource: Author with data from 2018 10-K,2019 10-K, and 2020 10-K\nI projected declining revenue growth and strong operating margins for this segment. I projected slower revenue growth, because I figure there has to be a cap on how much money Amazon can make in North America.\nHopefully, Amazon will exceed this revenue growth. But, I do think it would be a pretty incredible feat for Amazon to grow from $200B in revenue to $400B in 5 years.\nHere's a look at Amazon's International segment:\nSource: Author with data from 2018 10-K,2019 10-K, and 2020 10-K\nFor Amazon's international segment, I projected 20% annual revenue growth, and improving operating margins. I figured that operating margins would gradually improve until the margins reached a similar point to what Amazon sees in its US segment.\nAnd for Amazon's last and most exciting segment, here's AWS:\nSource: Author\nAWS is undoubtedly going to bring high growth for Amazon, and high profits. I projected that the AWS segment will probably continue to grow at a high rate. I projected a 25-30% annual revenue growth rate because cloud computing has a lot of room to grow, and according to Research and Markets, the cloud computing industry should grow at about 17.5% CAGR until 2025.\nAdditionally, I projected 28% operating margins, because the AWS business benefits from operating leverage. As more people use the software, the company is able to make higher margins as it spreads costs over more people. It's possible that Amazon could exceed 28% operating margins, so there might be upside to Amazon's fair value.\nThese projections were added together to help us figure out what the entire company should be worth.\nCapital Allocation\nHow does Amazon spend its money? You might find it interesting to analyze Amazon's capital allocation, so you can see what Amazon does with its money, and where it might be investing for the future.\nSource: Author\nThe biggest portion of Amazon's operating cash flows goes towards capital expenditures. From what I can tell, Amazon has not had any share activity over the past 5 years. The company has issued shares - but from the looks of the cash flow statement, it looks like they haven't raised any money from selling shares, and they haven't spent any money buying back shares.\n\n In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration.\n There were no repurchases of common stock in 2018, 2019, or 2020.\n\n\n Source:2020 10-K page 60,\n emphasis added\n\nBut for our purposes, this quote shows that Amazon hasn't bought back any stock over the past 3 years. They also haven't spent any money on dividends, which is good because they're a high growth company.\nAmazon has consistently spent money on acquisitions and paying down debt. What's really interesting is that Amazon has built up a lot of spare cash over the past 5 years. Their cash position has risen about $58B since 2016, going from about $26B at the end of 2016 to about $84B at the end of 2020.\nAmazon has a lot more cash than they used to, so we could see future spending go towards a dividend, share buybacks, new acquisitions, or maybe more business investments that will lead to growth.\nValuation\nFirst, I used a discount rate of 7.7% for Amazon because that's what I found the company's weighted average cost of capital, or WACC, to be. I assumed an 8% cost of equity, and Amazon has averaged somewhere around a 20-30% tax rate over the past 10 years.\nSource: Author\nI used a DCF model to find Amazon's value today. In the model down below, you can see in the top 2 red boxes that I projected that the company would have lower revenue growth and strong operating margins.\nThis model projects that Amazon will have over $850B in revenue by 2025. That's absolutely nuts if you think about it, but based on estimated revenue growth, it seems feasible.\nRight now, Walmart(NYSE:WMT)leads the world in revenue with about $550B. Amazon sits in third place for annual revenue, with about $390B. In 5 years, Amazon could easily have the largest revenue of any company in the world.\nSource: Author\nDown at the bottom of this model, you can see there's a red box that projects unlevered FCF margins. This basically measures how much of the company's revenue will become business profits, without including interest or debt payments. In the turquoise box, I applied the discount rate to see what the future cash flows are worth today.\nSource: Author\nToday, it looks like Amazon is slightly overvalued. The model projects that the stock might be about 15% overvalued, and we could expect to make about 5% annual returns over the next 5 years if we invested today.\nThese estimations are based on the future cash flows that the business should generate. I don't hate Amazon or anything, I just don't think that Amazon stock would make a great investment at current prices.\nDown at the bottom, I threw in 2 \"Buy Prices\" where Amazon stock might be more appealing. The idea behind this is that the cheaper AMZN stock gets, the higher returns we can expect.\nThe model projects that you'd make around 15% annual returns at $2,200 per share, and you might make around 22% annual returns at $1,700 per share.\n\"But doesn't it seem unreasonable to set the buy price in the $2,000s when the stock's trading near $3,500?\" It does a little bit. It seems pretty unlikely that Amazon's share price will nose dive right down past $2,000.\nBut the idea is, if we're patient, we might get an opportunity to buy these shares underpriced. Last February, Amazon traded lower than $1,900 (I wish I bought some back then). We'll probably have opportunities in the future to buy Amazon at a discount.\nRecap\nToday, it seems like Amazon is slightly overvalued, because it seems to offer about 5% annual returns over the next 5 years. That doesn't mean you should sell Amazon if you're a long time holder, because Amazon should continue to do well as a leader in E-commerce and cloud computing.\nBut if you're looking for your next stock to invest in, Amazon seems to be too expensive right now. And if you've been eyeing Amazon for a while and you're looking to get in, now's not the best time to get into Amazon.\nEven if we don't invest in the stock, we can still watch Amazon as they become the company with the most revenue in the world. And there's a lot we can learn from studying Amazon and Jeff Bezos. He's a smart dude.\nThank you very much for reading, and I hope that you have a great rest of your day.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":2934,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":123834193,"gmtCreate":1624415131712,"gmtModify":1634006437279,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/123834193","repostId":"1189547174","repostType":4,"repost":{"id":"1189547174","kind":"news","pubTimestamp":1624413006,"share":"https://www.laohunote.com/m/news/1189547174?lang=zh_CN&edition=full","pubTime":"2021-06-23 09:50","market":"fut","language":"en","title":"Big Oil CEOs Join Traders in Seeing Possibility of $100 Oil<blockquote>大型石油公司首席执行官与交易员一起看到油价达到 100 美元的可能性</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189547174","media":"Bloomberg","summary":"(Bloomberg) -- The bosses of some of the world’s biggest oil companies said crude prices are likely ","content":"<p><div> (Bloomberg) -- The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of investment will curtail future supply. The chief executive officers...</p><p><blockquote><div>(彭博社）--世界上一些最大的石油公司的老板表示，原油价格可能会继续上涨，因为缺乏投资将减少未来的供应。首席执行官们……</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/big-oil-ceos-join-traders-173420116.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/big-oil-ceos-join-traders-173420116.html\">网页连接</a></blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Oil CEOs Join Traders in Seeing Possibility of $100 Oil<blockquote>大型石油公司首席执行官与交易员一起看到油价达到 100 美元的可能性</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\">\nBig Oil CEOs Join Traders in Seeing Possibility of $100 Oil<blockquote>大型石油公司首席执行官与交易员一起看到油价达到 100 美元的可能性</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-06-23 09:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> (Bloomberg) -- The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of investment will curtail future supply. The chief executive officers...</p><p><blockquote><div>(彭博社）--世界上一些最大的石油公司的老板表示，原油价格可能会继续上涨，因为缺乏投资将减少未来的供应。首席执行官们……</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/big-oil-ceos-join-traders-173420116.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/big-oil-ceos-join-traders-173420116.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/big-oil-ceos-join-traders-173420116.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/big-oil-ceos-join-traders-173420116.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189547174","content_text":"(Bloomberg) -- The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of investment will curtail future supply.\nThe chief executive officers of Royal Dutch Shell Plc and TotalEnergies SE joined major commodity traders and banks in predicting that oil could go as high as $100 a barrel, although they also said volatile markets could drive prices back down again.\nThe lack of investment is “going to exacerbate supply and demand tightness as the economies pick back up again, and then in time we’ll see supply pick up and rebalance,” Exxon Mobil Corp. CEO Darren Woods said at the Qatar Economic Forum Tuesday. But “in the shorter term probably higher prices” are more likely.\nTrading house Trafigura Group said oil could top $100 a barrel over the next year. Bank of America Corp. also forecast this week that prices could jump to that level and Goldman Sachs Group Inc. said it doesn’t rule it out. Oil has climbed 44% this year as widespread vaccinations increase mobility and boost demand. Benchmark Brent crude was little changed at 2:55 p.m. in New York at $74.90 a barrel.\nGlobal oil markets had one of the most turbulent years in history last year with the coronavirus pandemic sending prices crashing. But economies in the West are growing again, roads in Europe and the U.S. are starting to fill up, and more Americans are flying. While that could drive prices higher in the near term, the energy transition means oil consumption could start to plateau and eventually decline in the longer term.\nThe energy shift means there hasn’t been enough investment in oil and gas projects and that could push prices higher, Qatari Energy Minister Saad al-Kaabi said at the same event. BP Plc CEO Bernard Looney said earlier Tuesday that rising crude is helping the company’s energy transition plans and generating better cash flow and returns for shareholders.\nThere’s “quite a chance” of reaching $100 a barrel, “but we could see again in coming years some low prices,” TotalEnergies CEO Patrick Pouyanne said. “We’ve been accustomed to volatility.”\nThe Qatar Ministry of Commerce and Industry, Investment Promotion Agency Qatar and Media City Qatar are underwriters of the Qatar Economic Forum, Powered by Bloomberg.","news_type":1,"symbols_score_info":{"CLmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120678310,"gmtCreate":1624323151030,"gmtModify":1634007850241,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120678310","repostId":"1191349655","repostType":4,"isVote":1,"tweetType":1,"viewCount":669,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165456691,"gmtCreate":1624155680913,"gmtModify":1634010163553,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/165456691","repostId":"1126454279","repostType":4,"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120678767,"gmtCreate":1624323176759,"gmtModify":1634007849647,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120678767","repostId":"1135948909","repostType":4,"repost":{"id":"1135948909","kind":"news","pubTimestamp":1624321371,"share":"https://www.laohunote.com/m/news/1135948909?lang=zh_CN&edition=full","pubTime":"2021-06-22 08:22","market":"us","language":"en","title":"AMC, GameStop Slide As Jim Cramer Warns 'The Iceman Cometh' on Meme Stocks<blockquote>吉姆·克莱默警告模因股票“冰人即将到来”，AMC 和游戏驿站下滑</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135948909","media":"thestreet","summary":"AMC Entertainment (AMC) -Get Report shares slumped lower Monday, following a 20% gain last week that","content":"<p>AMC Entertainment&nbsp;(<b>AMC</b>) -Get Report&nbsp;shares slumped lower Monday, following a 20% gain last week that lifted the cinema chain's value close to $30 billion, as the two most active meme stock names continue to dominate Reddit-retail trading.</p><p><blockquote>AMC院线（<b>AMC</b>) -Get Report 周一股价暴跌，上周上涨 20%，使这家连锁影院的价值接近 300 亿美元，因为两个最活跃的模因股票名称继续主导 Reddit 零售交易。</blockquote></p><p> <i>TheStreet's</i>founder Jim Cramer, however, cautioned Monday that the ability of meme-powered investors to boost stock prices could fade in the coming weeks, citing a series of failed recommendations from discussions on the r/wallstreetbets chatroom in Reddit.</p><p><blockquote><i>街上的</i>然而，创始人吉姆·克莱默 (Jim Cramer) 周一警告称，模因驱动的投资者提振股价的能力可能会在未来几周内减弱，他引用了 Reddit 上 r/wallstreetbets 聊天室讨论中一系列失败的建议。</blockquote></p><p> Cramer noted that recent pullbacks in Wendy's&nbsp;(<b>WEN</b>) -Get Report, Bed Bath &amp; Beyond&nbsp;(<b>BBBY</b>) -Get Report&nbsp;and Cleveland Cliffs&nbsp;(<b>CLF</b>) -Get Report&nbsp;-- all of which have benefited from either a meme-drive retail surge or an attempt to squeeze investors betting against the stock -- suggest a retrenchment of influence back to the two stocks that started this year's phenomena: AMC and GameStop&nbsp;(<b>GME</b>) -Get Report.</p><p><blockquote>克莱默指出，温迪最近的回调（<b>文</b>)-获取报告、Bed Bath &amp; Beyond (<b>巴比</b>）-获取报告和克利夫兰悬崖（<b>CLF</b>) -Get Report -- 所有这些都受益于模因驱动的零售业激增或挤压投资者做空该股的尝试 -- 表明今年引发现象的两只股票的影响力正在缩小：AMC 和游戏驿站（<b>GME</b>)-获取报告。</blockquote></p><p> With both stocks, however, Cramer says the only real bet is that CEO Adam Aron of AMC and Chairman Ryan Cohen of GameStop can raise enough money from the sale of shares to buy a sector rival and revive their failing businesses.</p><p><blockquote>然而，克莱默表示，对于这两只股票，唯一真正的赌注是 AMC 首席执行官 Adam Aron 和游戏驿站董事长 Ryan Cohen 能够通过出售股票筹集足够的资金来收购行业竞争对手并重振他们失败的业务。</blockquote></p><p> AMC, which unveiled plans to sell 12 million new shares earlier this month after placing a further 8.5 million shares with hedge fund Mudrick Capital is looking for approval to sell 25 million shares at some point next year in order to fund potential 'value creating' investment opportunities.</p><p><blockquote>AMC 在与对冲基金 Mudrick Capital 再配售 850 万股股票后，于本月早些时候公布了出售 1200 万股新股的计划，目前正在寻求批准在明年某个时候出售 2500 万股股票，以便为潜在的“价值创造”投资机会提供资金。</blockquote></p><p> GameStop, meanwhile, said it plans to sell up to 5 million shares in an \"at-the-market\" offering, noting it will use the capital for \"general corporate purposes\" and investing in \"growth initiatives\" following a first quarter loss.</p><p><blockquote>与此同时，游戏驿站表示，计划在“市场”发行中出售最多 500 万股股票，并指出在第一季度亏损后，将把这笔资金用于“一般企业用途”并投资于“增长计划”。</blockquote></p><p> \"Right now AMC is a $30 billion company with very little hope that it can survive unless it monetizes the meme support, which his exactly what it should do,\" Cramer said in hisReal Money Column Monday. \"&nbsp;GameStop needs a brilliant plan and while Cohen has brought in brilliant people, the issue is what is the company going to be? It can’t be what it is. No industry insider thinks that is possible.\"</p><p><blockquote>克莱默周一在他的 Real Money 专栏中表示：“目前 AMC 是一家市值 300 亿美元的公司，除非它将模因支持货币化，否则它生存的希望很小，而这正是它应该做的。”“游戏驿站需要一个出色的计划，虽然科恩引进了优秀的人才，但问题是公司会变成什么样？不可能变成现在这样。没有业内人士认为这是可能的”。</blockquote></p><p> AMC shares were marked 8.5%&nbsp; lower in mid-day trading Monday to change hands at $54.30 each, a move that would take the stock's one-month gain to around 350%.</p><p><blockquote>AMC 股价在周一午盘交易中下跌 8.5%，至每股 54.30 美元易手，此举将使该股一个月的涨幅达到 350% 左右。</blockquote></p><p> GameStop shares slumped 7.2% lower to $198.40 each, a gain of 12.5% from last month's levels.</p><p><blockquote>游戏驿站股价下跌 7.2%，至每股 198.40 美元，较上月水平上涨 12.5%。</blockquote></p><p> Data from theYolosocks.livewebsite, which tracks real-time mentions on stocks within Reddit's r/wallstreetbets chatroom, indicates that AMC is still the most-discussed stock among users over the past 24 hours and more than 777 mentions.</p><p><blockquote>theYolosocks.livewebsite 在 Reddit 的 r/wallstreetbets 聊天室中跟踪股票的实时提及，数据显示，AMC 仍然是过去 24 小时内用户讨论最多的股票，提及次数超过 777 次。</blockquote></p><p> Short interest in AMC shares remains elevated, however, with data from S3 Partners pegging it at 68.83 million. That represents around 13.8% of the outstanding float, or just under $4 billion in market value.</p><p><blockquote>然而，对 AMC 股票的空头兴趣仍然很高，S3 Partners 的数据显示，空头兴趣为 6883 万股。这约占已发行股票的 13.8%，市值略低于 40 亿美元。</blockquote></p><p> For GameStop. short interest is around 11.5 million shares, or 19.9% of the outstanding float, pegging bets against the money-losing retailer at $2.64 billion.</p><p><blockquote>为了游戏驿站。空头权益约为 1,150 万股，占流通股的 19.9%，对这家亏损零售商的押注为 26.4 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>AMC, GameStop Slide As Jim Cramer Warns 'The Iceman Cometh' on Meme Stocks<blockquote>吉姆·克莱默警告模因股票“冰人即将到来”，AMC 和游戏驿站下滑</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\">\nAMC, GameStop Slide As Jim Cramer Warns 'The Iceman Cometh' on Meme Stocks<blockquote>吉姆·克莱默警告模因股票“冰人即将到来”，AMC 和游戏驿站下滑</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">thestreet</strong><span class=\"h-time small\">2021-06-22 08:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>AMC Entertainment&nbsp;(<b>AMC</b>) -Get Report&nbsp;shares slumped lower Monday, following a 20% gain last week that lifted the cinema chain's value close to $30 billion, as the two most active meme stock names continue to dominate Reddit-retail trading.</p><p><blockquote>AMC院线（<b>AMC</b>) -Get Report 周一股价暴跌，上周上涨 20%，使这家连锁影院的价值接近 300 亿美元，因为两个最活跃的模因股票名称继续主导 Reddit 零售交易。</blockquote></p><p> <i>TheStreet's</i>founder Jim Cramer, however, cautioned Monday that the ability of meme-powered investors to boost stock prices could fade in the coming weeks, citing a series of failed recommendations from discussions on the r/wallstreetbets chatroom in Reddit.</p><p><blockquote><i>街上的</i>然而，创始人吉姆·克莱默 (Jim Cramer) 周一警告称，模因驱动的投资者提振股价的能力可能会在未来几周内减弱，他引用了 Reddit 上 r/wallstreetbets 聊天室讨论中一系列失败的建议。</blockquote></p><p> Cramer noted that recent pullbacks in Wendy's&nbsp;(<b>WEN</b>) -Get Report, Bed Bath &amp; Beyond&nbsp;(<b>BBBY</b>) -Get Report&nbsp;and Cleveland Cliffs&nbsp;(<b>CLF</b>) -Get Report&nbsp;-- all of which have benefited from either a meme-drive retail surge or an attempt to squeeze investors betting against the stock -- suggest a retrenchment of influence back to the two stocks that started this year's phenomena: AMC and GameStop&nbsp;(<b>GME</b>) -Get Report.</p><p><blockquote>克莱默指出，温迪最近的回调（<b>文</b>)-获取报告、Bed Bath &amp; Beyond (<b>巴比</b>）-获取报告和克利夫兰悬崖（<b>CLF</b>) -Get Report -- 所有这些都受益于模因驱动的零售业激增或挤压投资者做空该股的尝试 -- 表明今年引发现象的两只股票的影响力正在缩小：AMC 和游戏驿站（<b>GME</b>)-获取报告。</blockquote></p><p> With both stocks, however, Cramer says the only real bet is that CEO Adam Aron of AMC and Chairman Ryan Cohen of GameStop can raise enough money from the sale of shares to buy a sector rival and revive their failing businesses.</p><p><blockquote>然而，克莱默表示，对于这两只股票，唯一真正的赌注是 AMC 首席执行官 Adam Aron 和游戏驿站董事长 Ryan Cohen 能够通过出售股票筹集足够的资金来收购行业竞争对手并重振他们失败的业务。</blockquote></p><p> AMC, which unveiled plans to sell 12 million new shares earlier this month after placing a further 8.5 million shares with hedge fund Mudrick Capital is looking for approval to sell 25 million shares at some point next year in order to fund potential 'value creating' investment opportunities.</p><p><blockquote>AMC 在与对冲基金 Mudrick Capital 再配售 850 万股股票后，于本月早些时候公布了出售 1200 万股新股的计划，目前正在寻求批准在明年某个时候出售 2500 万股股票，以便为潜在的“价值创造”投资机会提供资金。</blockquote></p><p> GameStop, meanwhile, said it plans to sell up to 5 million shares in an \"at-the-market\" offering, noting it will use the capital for \"general corporate purposes\" and investing in \"growth initiatives\" following a first quarter loss.</p><p><blockquote>与此同时，游戏驿站表示，计划在“市场”发行中出售最多 500 万股股票，并指出在第一季度亏损后，将把这笔资金用于“一般企业用途”并投资于“增长计划”。</blockquote></p><p> \"Right now AMC is a $30 billion company with very little hope that it can survive unless it monetizes the meme support, which his exactly what it should do,\" Cramer said in hisReal Money Column Monday. \"&nbsp;GameStop needs a brilliant plan and while Cohen has brought in brilliant people, the issue is what is the company going to be? It can’t be what it is. No industry insider thinks that is possible.\"</p><p><blockquote>克莱默周一在他的 Real Money 专栏中表示：“目前 AMC 是一家市值 300 亿美元的公司，除非它将模因支持货币化，否则它生存的希望很小，而这正是它应该做的。”“游戏驿站需要一个出色的计划，虽然科恩引进了优秀的人才，但问题是公司会变成什么样？不可能变成现在这样。没有业内人士认为这是可能的”。</blockquote></p><p> AMC shares were marked 8.5%&nbsp; lower in mid-day trading Monday to change hands at $54.30 each, a move that would take the stock's one-month gain to around 350%.</p><p><blockquote>AMC 股价在周一午盘交易中下跌 8.5%，至每股 54.30 美元易手，此举将使该股一个月的涨幅达到 350% 左右。</blockquote></p><p> GameStop shares slumped 7.2% lower to $198.40 each, a gain of 12.5% from last month's levels.</p><p><blockquote>游戏驿站股价下跌 7.2%，至每股 198.40 美元，较上月水平上涨 12.5%。</blockquote></p><p> Data from theYolosocks.livewebsite, which tracks real-time mentions on stocks within Reddit's r/wallstreetbets chatroom, indicates that AMC is still the most-discussed stock among users over the past 24 hours and more than 777 mentions.</p><p><blockquote>theYolosocks.livewebsite 在 Reddit 的 r/wallstreetbets 聊天室中跟踪股票的实时提及，数据显示，AMC 仍然是过去 24 小时内用户讨论最多的股票，提及次数超过 777 次。</blockquote></p><p> Short interest in AMC shares remains elevated, however, with data from S3 Partners pegging it at 68.83 million. That represents around 13.8% of the outstanding float, or just under $4 billion in market value.</p><p><blockquote>然而，对 AMC 股票的空头兴趣仍然很高，S3 Partners 的数据显示，空头兴趣为 6883 万股。这约占已发行股票的 13.8%，市值略低于 40 亿美元。</blockquote></p><p> For GameStop. short interest is around 11.5 million shares, or 19.9% of the outstanding float, pegging bets against the money-losing retailer at $2.64 billion.</p><p><blockquote>为了游戏驿站。空头权益约为 1,150 万股，占流通股的 19.9%，对这家亏损零售商的押注为 26.4 亿美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/amc-rises-meme-stocks-hold-gains-jim-cramer-warns-iceman-cometh?puc=yahoo&cm_ven=YAHOO\">thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线"},"source_url":"https://www.thestreet.com/investing/amc-rises-meme-stocks-hold-gains-jim-cramer-warns-iceman-cometh?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135948909","content_text":"AMC Entertainment (AMC) -Get Report shares slumped lower Monday, following a 20% gain last week that lifted the cinema chain's value close to $30 billion, as the two most active meme stock names continue to dominate Reddit-retail trading.\nTheStreet'sfounder Jim Cramer, however, cautioned Monday that the ability of meme-powered investors to boost stock prices could fade in the coming weeks, citing a series of failed recommendations from discussions on the r/wallstreetbets chatroom in Reddit.\nCramer noted that recent pullbacks in Wendy's (WEN) -Get Report, Bed Bath & Beyond (BBBY) -Get Report and Cleveland Cliffs (CLF) -Get Report -- all of which have benefited from either a meme-drive retail surge or an attempt to squeeze investors betting against the stock -- suggest a retrenchment of influence back to the two stocks that started this year's phenomena: AMC and GameStop (GME) -Get Report.\nWith both stocks, however, Cramer says the only real bet is that CEO Adam Aron of AMC and Chairman Ryan Cohen of GameStop can raise enough money from the sale of shares to buy a sector rival and revive their failing businesses.\nAMC, which unveiled plans to sell 12 million new shares earlier this month after placing a further 8.5 million shares with hedge fund Mudrick Capital is looking for approval to sell 25 million shares at some point next year in order to fund potential 'value creating' investment opportunities.\nGameStop, meanwhile, said it plans to sell up to 5 million shares in an \"at-the-market\" offering, noting it will use the capital for \"general corporate purposes\" and investing in \"growth initiatives\" following a first quarter loss.\n\"Right now AMC is a $30 billion company with very little hope that it can survive unless it monetizes the meme support, which his exactly what it should do,\" Cramer said in hisReal Money Column Monday. \" GameStop needs a brilliant plan and while Cohen has brought in brilliant people, the issue is what is the company going to be? It can’t be what it is. No industry insider thinks that is possible.\"\nAMC shares were marked 8.5%  lower in mid-day trading Monday to change hands at $54.30 each, a move that would take the stock's one-month gain to around 350%.\nGameStop shares slumped 7.2% lower to $198.40 each, a gain of 12.5% from last month's levels.\nData from theYolosocks.livewebsite, which tracks real-time mentions on stocks within Reddit's r/wallstreetbets chatroom, indicates that AMC is still the most-discussed stock among users over the past 24 hours and more than 777 mentions.\nShort interest in AMC shares remains elevated, however, with data from S3 Partners pegging it at 68.83 million. That represents around 13.8% of the outstanding float, or just under $4 billion in market value.\nFor GameStop. short interest is around 11.5 million shares, or 19.9% of the outstanding float, pegging bets against the money-losing retailer at $2.64 billion.","news_type":1,"symbols_score_info":{"AMC":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":978,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":165458832,"gmtCreate":1624155653726,"gmtModify":1634010164595,"author":{"id":"3585429399648754","authorId":"3585429399648754","name":"7b812d9f","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585429399648754","authorIdStr":"3585429399648754"},"themes":[],"title":"","htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/165458832","repostId":"1199331995","repostType":4,"isVote":1,"tweetType":1,"viewCount":1275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}