seanisright的个人主页 - 老虎社区

seanisright

seanisright

暂无个人介绍

IP属地：未知

1关注

24粉丝

0主题

0勋章

2022-01-02

good news? is nio growth faltering?

XPeng, NIO, Li Auto Report Big December Deliveries. That’s Good For Tesla<blockquote>小鹏汽车、蔚来、理想汽车报告12月份交付量较大。这对特斯拉有好处</blockquote>

2022-01-01

Happy new year all!! Cheers to a profitable year ahead for us all :)

2022-01-01

doesnt mean wont keep going down👀

抱歉，原内容已删除

2021-12-31

how interesting👀

Is the Stock Market Open on New Year’s Eve and Monday? Yes. Here’s Why.<blockquote>除夕和周一股市开盘吗？是的。原因如下。</blockquote>

2021-12-31

yikes

Tesla Recalls Nearly 200k Vehicles in China for Latch,Trunk Issues<blockquote>特斯拉因闩锁、后备箱问题在华召回近20万辆汽车</blockquote>

2021-12-30

cheers to 2022

抱歉，原内容已删除

2021-12-30

yikes

抱歉，原内容已删除

2021-12-30

nooo :(

抱歉，原内容已删除

2021-12-29

rly not enough credit? 80x P/E ratio👀

Nvidia's Trillion-Dollar AI Opportunity<blockquote>英伟达万亿美元的人工智能机遇</blockquote>

2021-12-28

wow

The S&P Is at Record Highs -- and These 2 Stocks Deserve a Lot of Credit<blockquote>标准普尔指数创历史新高——这两只股票值得高度赞扬</blockquote>

2021-12-27

anticlimatic?

U.S. Stock Futures Muted After Christmas Holiday<blockquote>圣诞假期后美国股指期货表现低迷</blockquote>

2021-12-26

yikes tech

Why Twilio Stock Is Still Slumping<blockquote>为什么Twilio股价仍在暴跌</blockquote>

2021-12-25

yes but doesnt mean stock price will remain the same

抱歉，原内容已删除

2021-12-24

wow time to take profits for a quick christmas present

抱歉，原内容已删除

2021-12-22

oops

10 Biggest Price Target Changes For Wednesday<blockquote>周三10个最大价格目标变化</blockquote>

2021-12-21

HELLA BULLISH!!

Apple Stock: If You're Buying the Dip, Here's What You Need to Know<blockquote>苹果股票：如果您逢低买入，以下是您需要了解的内容</blockquote>

2021-12-20

how long can it sustain this?

抱歉，原内容已删除

2021-12-19

interesting

Watch these five electric vehicle models in 2022<blockquote>2022年看这五款电动车</blockquote>

2021-12-18

haiz so inconsistent

Why Pfizer and Johnson & Johnson Fell on Friday<blockquote>辉瑞和强生周五为何下跌</blockquote>

2021-12-17

yikes

抱歉，原内容已删除

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3585475029155588","uuid":"3585475029155588","gmtCreate":1622796299424,"gmtModify":1706620619653,"name":"seanisright","pinyin":"seanisright","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":24,"headSize":1,"tweetSize":188,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.10.28","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"35ec162348d5460f88c959321e554969-2","templateUuid":"35ec162348d5460f88c959321e554969","name":"宗师交易员","description":"证券或期货账户累计交易次数达到100次","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.63%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":692573134,"gmtCreate":1641104908530,"gmtModify":1641104908791,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"good news? is nio growth faltering?","listText":"good news? is nio growth faltering?","text":"good news? is nio growth faltering?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692573134","repostId":"1173416252","repostType":4,"repost":{"id":"1173416252","kind":"news","pubTimestamp":1641085354,"share":"https://www.laohu8.com/m/news/1173416252?lang=zh_CN&edition=full","pubTime":"2022-01-02 09:02","market":"us","language":"en","title":"XPeng, NIO, Li Auto Report Big December Deliveries. That’s Good For Tesla<blockquote>小鹏汽车、蔚来、理想汽车报告12月份交付量较大。这对特斯拉有好处</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173416252","media":"Barrons","summary":"The three U.S.-listed Chinese electric vehicle makers started 2022 off with a bang, all reporting big delivery figures for December.NIO (ticker: NIO), XPeng (XPEV) and Li Auto (LI) on Saturday morning","content":"<p><html><head></head><body>The three U.S.-listed Chinese electric vehicle makers started 2022 off with a bang, all reporting big delivery figures for December.</p><p><blockquote><html><head></head><body>三家在美国上市的中国电动汽车制造商在2022年开局良好，均公布了12月份的大幅交付数据。</body></html></blockquote></p><p>NIO (ticker: NIO), XPeng (XPEV) and Li Auto (LI) on Saturday morning each reported deliveries. Combined, the three shipped more than 40,000 units. That’s a monthly record and is one sign that Tesla (TSLA) should post its own big number when it reports fourth delivery figures in coming days.</p><p><blockquote>蔚来（股票代码：蔚来）、小鹏汽车（XPEV）和理想汽车（LI）周六上午分别报告了交付情况。三者合计出货量超过4万台。这是一个月度记录，也是特斯拉(TSLA)在未来几天报告第四次交付数据时应该公布自己的大数字的一个迹象。</blockquote></p><p>About 25% of all Tesla deliveries are generated in China. Investors expect Tesla to report north of 280,000 deliveries worldwide for the fourth quarter.</p><p><blockquote>约25%的特斯拉交付量来自中国。投资者预计特斯拉第四季度全球交付量将超过28万辆。</blockquote></p><p>Among the Chinese three, XPeng took the December, and 2021, crown reporting 16,000 deliveries, a new monthly record. For all of 2021, XPeng delivered 98,155 vehicles, up 263% compared with 2020.</p><p><blockquote>在中国三大汽车中，小鹏汽车在12月和2021年交付量均为16,000辆，创下月度新纪录。2021年全年，小鹏汽车交付了98,155辆汽车，较2020年增长263%。</blockquote></p><p>Li delivered 14,087 units in December. That’s a monthly record for Li too. For all of 2021, Li delivered 90,491 vehicles, up 177% compared with 2020.</p><p><blockquote>Li在12月份交付了14,087台。这也是李的月度记录。2021年全年，理想汽车交付了90,491辆汽车，较2020年增长177%。</blockquote></p><p>NIO didn’t set a new monthly record, just missing it by a few hundred units. The company shipped 10,489 vehicles in December. NIO’s monthly delivery record came in November, when it shipped 10,878 units. For the full year, NIO delivered 91,429 vehicles in 2021, up 109% compared with 2020.</p><p><blockquote>蔚来没有创造新的月度纪录，只是差了几百台。该公司12月份出货量为10,489辆。蔚来的月度交付记录出现在11月份，当时出货量为10,878辆。2021年全年，蔚来交付了91,429辆汽车，较2020年增长109%。</blockquote></p><p>Even though XPeng delivered more cars in 2021, NIO has still delivered the most of the three over the company’s life. NIO has delivered more than 167,000 vehicles life to date. XPeng and Li have delivered about 125,000 and 123,000 vehicle, respectively.</p><p><blockquote>尽管小鹏汽车在2021年交付了更多汽车，但蔚来在公司生命周期中仍然交付了这三款汽车中最多的。迄今为止，蔚来已交付超过167,000辆汽车。小鹏汽车和理想汽车分别交付了约125,000辆和123,000辆汽车。</blockquote></p><p>December vehicle deliveries for all EV producers might have been boosted by a subsidy cut coming for Chinese car buyers in 2022. Buyers rushed to get a slightly better deal. The Chinese purchase subsidy for an EV is about 10,000 Yuan, ($1,500), from 14,400 Yuan ($2,200). The $700 difference amounts to about a 2% price bump for typical EVs.</p><p><blockquote>2022年中国购车者补贴削减可能会提振所有电动汽车生产商12月份的汽车交付量。买家争先恐后地想要一个稍微好一点的交易。中国对电动汽车的购买补贴约为10,000元人民币（1,500美元），从14,400元人民币（2,200美元）起。700美元的差异相当于典型电动汽车的价格上涨约2%。</blockquote></p><p>Falling subsidies are one factor investors will have to consider regarding Tesla and Chinese EV makers in 2022. But higher December deliveries mean that earnings estimates for NIO, XPeng, Li, and likely Tesla, will rise in coming weeks. More cars than expected means more sales and better bottom line results.</p><p><blockquote>补贴下降是投资者在2022年考虑特斯拉和中国电动汽车制造商时必须考虑的因素之一。但12月份交付量的增加意味着蔚来、小鹏汽车、理想汽车以及特斯拉的盈利预期将在未来几周内上升。比预期更多的汽车意味着更多的销量和更好的底线结果。</blockquote></p><p>Strong delivery results might also help shares early in 2022. Shares of Tesla, XPeng and Li had a good to great 2021, gaining 50%, 18% and 11%, respectively. NIO shares struggled, dropping 35% in 2021. The S&amp;P 500 and Dow Jones Industrial Average gained 27% and 19%, respectively.</p><p><blockquote>强劲的交付业绩也可能有助于2022年初的股价上涨。特斯拉、小鹏汽车和理想汽车的股价在2021年表现良好，分别上涨50%、18%和11%。蔚来股价陷入困境，2021年下跌35%。标普500和道琼斯工业平均指数分别上涨27%和19%。</blockquote></p><p>Starting valuation is one reason for NIO stock’s struggles. Even after underperforming, NIO’s market capitalization is about $54 billion, more than the $43 billion market cap of XPeng and the $33 billion market cap of Li.</p><p><blockquote>开始估值是蔚来股票陷入困境的原因之一。即使表现不佳，蔚来的市值仍约为540亿美元，超过了小鹏汽车430亿美元的市值和理想汽车330亿美元的市值。</blockquote></p><p>Tesla, of course, ended 2021 with a market capitalization north of $1 trillion. It’s expected to deliver about 900,000 vehicles for 2021.</p><p><blockquote>当然，特斯拉在2021年底的市值超过了1万亿美元。预计2021年将交付约90万辆汽车。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XPeng, NIO, Li Auto Report Big December Deliveries. That’s Good For Tesla<blockquote>小鹏汽车、蔚来、理想汽车报告12月份交付量较大。这对特斯拉有好处</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\">\nXPeng, NIO, Li Auto Report Big December Deliveries. That’s Good For Tesla<blockquote>小鹏汽车、蔚来、理想汽车报告12月份交付量较大。这对特斯拉有好处</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2022-01-02 09:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The three U.S.-listed Chinese electric vehicle makers started 2022 off with a bang, all reporting big delivery figures for December.</p><p><blockquote><html><head></head><body>三家在美国上市的中国电动汽车制造商在2022年开局良好，均公布了12月份的大幅交付数据。</body></html></blockquote></p><p>NIO (ticker: NIO), XPeng (XPEV) and Li Auto (LI) on Saturday morning each reported deliveries. Combined, the three shipped more than 40,000 units. That’s a monthly record and is one sign that Tesla (TSLA) should post its own big number when it reports fourth delivery figures in coming days.</p><p><blockquote>蔚来（股票代码：蔚来）、小鹏汽车（XPEV）和理想汽车（LI）周六上午分别报告了交付情况。三者合计出货量超过4万台。这是一个月度记录，也是特斯拉(TSLA)在未来几天报告第四次交付数据时应该公布自己的大数字的一个迹象。</blockquote></p><p>About 25% of all Tesla deliveries are generated in China. Investors expect Tesla to report north of 280,000 deliveries worldwide for the fourth quarter.</p><p><blockquote>约25%的特斯拉交付量来自中国。投资者预计特斯拉第四季度全球交付量将超过28万辆。</blockquote></p><p>Among the Chinese three, XPeng took the December, and 2021, crown reporting 16,000 deliveries, a new monthly record. For all of 2021, XPeng delivered 98,155 vehicles, up 263% compared with 2020.</p><p><blockquote>在中国三大汽车中，小鹏汽车在12月和2021年交付量均为16,000辆，创下月度新纪录。2021年全年，小鹏汽车交付了98,155辆汽车，较2020年增长263%。</blockquote></p><p>Li delivered 14,087 units in December. That’s a monthly record for Li too. For all of 2021, Li delivered 90,491 vehicles, up 177% compared with 2020.</p><p><blockquote>Li在12月份交付了14,087台。这也是李的月度记录。2021年全年，理想汽车交付了90,491辆汽车，较2020年增长177%。</blockquote></p><p>NIO didn’t set a new monthly record, just missing it by a few hundred units. The company shipped 10,489 vehicles in December. NIO’s monthly delivery record came in November, when it shipped 10,878 units. For the full year, NIO delivered 91,429 vehicles in 2021, up 109% compared with 2020.</p><p><blockquote>蔚来没有创造新的月度纪录，只是差了几百台。该公司12月份出货量为10,489辆。蔚来的月度交付记录出现在11月份，当时出货量为10,878辆。2021年全年，蔚来交付了91,429辆汽车，较2020年增长109%。</blockquote></p><p>Even though XPeng delivered more cars in 2021, NIO has still delivered the most of the three over the company’s life. NIO has delivered more than 167,000 vehicles life to date. XPeng and Li have delivered about 125,000 and 123,000 vehicle, respectively.</p><p><blockquote>尽管小鹏汽车在2021年交付了更多汽车，但蔚来在公司生命周期中仍然交付了这三款汽车中最多的。迄今为止，蔚来已交付超过167,000辆汽车。小鹏汽车和理想汽车分别交付了约125,000辆和123,000辆汽车。</blockquote></p><p>December vehicle deliveries for all EV producers might have been boosted by a subsidy cut coming for Chinese car buyers in 2022. Buyers rushed to get a slightly better deal. The Chinese purchase subsidy for an EV is about 10,000 Yuan, ($1,500), from 14,400 Yuan ($2,200). The $700 difference amounts to about a 2% price bump for typical EVs.</p><p><blockquote>2022年中国购车者补贴削减可能会提振所有电动汽车生产商12月份的汽车交付量。买家争先恐后地想要一个稍微好一点的交易。中国对电动汽车的购买补贴约为10,000元人民币（1,500美元），从14,400元人民币（2,200美元）起。700美元的差异相当于典型电动汽车的价格上涨约2%。</blockquote></p><p>Falling subsidies are one factor investors will have to consider regarding Tesla and Chinese EV makers in 2022. But higher December deliveries mean that earnings estimates for NIO, XPeng, Li, and likely Tesla, will rise in coming weeks. More cars than expected means more sales and better bottom line results.</p><p><blockquote>补贴下降是投资者在2022年考虑特斯拉和中国电动汽车制造商时必须考虑的因素之一。但12月份交付量的增加意味着蔚来、小鹏汽车、理想汽车以及特斯拉的盈利预期将在未来几周内上升。比预期更多的汽车意味着更多的销量和更好的底线结果。</blockquote></p><p>Strong delivery results might also help shares early in 2022. Shares of Tesla, XPeng and Li had a good to great 2021, gaining 50%, 18% and 11%, respectively. NIO shares struggled, dropping 35% in 2021. The S&amp;P 500 and Dow Jones Industrial Average gained 27% and 19%, respectively.</p><p><blockquote>强劲的交付业绩也可能有助于2022年初的股价上涨。特斯拉、小鹏汽车和理想汽车的股价在2021年表现良好，分别上涨50%、18%和11%。蔚来股价陷入困境，2021年下跌35%。标普500和道琼斯工业平均指数分别上涨27%和19%。</blockquote></p><p>Starting valuation is one reason for NIO stock’s struggles. Even after underperforming, NIO’s market capitalization is about $54 billion, more than the $43 billion market cap of XPeng and the $33 billion market cap of Li.</p><p><blockquote>开始估值是蔚来股票陷入困境的原因之一。即使表现不佳，蔚来的市值仍约为540亿美元，超过了小鹏汽车430亿美元的市值和理想汽车330亿美元的市值。</blockquote></p><p>Tesla, of course, ended 2021 with a market capitalization north of $1 trillion. It’s expected to deliver about 900,000 vehicles for 2021.</p><p><blockquote>当然，特斯拉在2021年底的市值超过了1万亿美元。预计2021年将交付约90万辆汽车。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/articles/xpeng-nio-li-auto-report-big-december-deliveries-thats-good-for-tesla-51641056522?mod=newsviewer_click_seemore\">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":{"LI":"理想汽车","XPEV":"小鹏汽车","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/articles/xpeng-nio-li-auto-report-big-december-deliveries-thats-good-for-tesla-51641056522?mod=newsviewer_click_seemore","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1173416252","content_text":"The three U.S.-listed Chinese electric vehicle makers started 2022 off with a bang, all reporting big delivery figures for December.NIO (ticker: NIO), XPeng (XPEV) and Li Auto (LI) on Saturday morning each reported deliveries. Combined, the three shipped more than 40,000 units. That’s a monthly record and is one sign that Tesla (TSLA) should post its own big number when it reports fourth delivery figures in coming days.About 25% of all Tesla deliveries are generated in China. Investors expect Tesla to report north of 280,000 deliveries worldwide for the fourth quarter.Among the Chinese three, XPeng took the December, and 2021, crown reporting 16,000 deliveries, a new monthly record. For all of 2021, XPeng delivered 98,155 vehicles, up 263% compared with 2020.Li delivered 14,087 units in December. That’s a monthly record for Li too. For all of 2021, Li delivered 90,491 vehicles, up 177% compared with 2020.NIO didn’t set a new monthly record, just missing it by a few hundred units. The company shipped 10,489 vehicles in December. NIO’s monthly delivery record came in November, when it shipped 10,878 units. For the full year, NIO delivered 91,429 vehicles in 2021, up 109% compared with 2020.Even though XPeng delivered more cars in 2021, NIO has still delivered the most of the three over the company’s life. NIO has delivered more than 167,000 vehicles life to date. XPeng and Li have delivered about 125,000 and 123,000 vehicle, respectively.December vehicle deliveries for all EV producers might have been boosted by a subsidy cut coming for Chinese car buyers in 2022. Buyers rushed to get a slightly better deal. The Chinese purchase subsidy for an EV is about 10,000 Yuan, ($1,500), from 14,400 Yuan ($2,200). The $700 difference amounts to about a 2% price bump for typical EVs.Falling subsidies are one factor investors will have to consider regarding Tesla and Chinese EV makers in 2022. But higher December deliveries mean that earnings estimates for NIO, XPeng, Li, and likely Tesla, will rise in coming weeks. More cars than expected means more sales and better bottom line results.Strong delivery results might also help shares early in 2022. Shares of Tesla, XPeng and Li had a good to great 2021, gaining 50%, 18% and 11%, respectively. NIO shares struggled, dropping 35% in 2021. The S&P 500 and Dow Jones Industrial Average gained 27% and 19%, respectively.Starting valuation is one reason for NIO stock’s struggles. Even after underperforming, NIO’s market capitalization is about $54 billion, more than the $43 billion market cap of XPeng and the $33 billion market cap of Li.Tesla, of course, ended 2021 with a market capitalization north of $1 trillion. It’s expected to deliver about 900,000 vehicles for 2021.","news_type":1,"symbols_score_info":{"LI":0.9,"NIO":0.9,"TSLA":0.9,"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":2338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692584952,"gmtCreate":1641050368067,"gmtModify":1641050368367,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"Happy new year all!! Cheers to a profitable year ahead for us all :)","listText":"Happy new year all!! Cheers to a profitable year ahead for us all :)","text":"Happy new year all!! Cheers to a profitable year ahead for us all :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692584952","isVote":1,"tweetType":1,"viewCount":2487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692512881,"gmtCreate":1641041833960,"gmtModify":1641041834225,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"doesnt mean wont keep going down👀","listText":"doesnt mean wont keep going down👀","text":"doesnt mean wont keep going down👀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692512881","repostId":"2195485524","repostType":4,"isVote":1,"tweetType":1,"viewCount":2375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692669147,"gmtCreate":1640943302017,"gmtModify":1640943721112,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"how interesting👀","listText":"how interesting👀","text":"how interesting👀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692669147","repostId":"1123532697","repostType":4,"repost":{"id":"1123532697","kind":"news","pubTimestamp":1640936750,"share":"https://www.laohu8.com/m/news/1123532697?lang=zh_CN&edition=full","pubTime":"2021-12-31 15:45","market":"us","language":"en","title":"Is the Stock Market Open on New Year’s Eve and Monday? Yes. Here’s Why.<blockquote>除夕和周一股市开盘吗？是的。原因如下。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123532697","media":"Barrons","summary":"A new year is right around the corner. But for anyone active in the stock market, there will be no y","content":"<p><html><head></head><body>A new year is right around the corner. But for anyone active in the stock market, there will be no year-end holiday.</p><p><blockquote><html><head></head><body>新的一年即将来临。但对于任何活跃在股市的人来说，都不会有年终假期。</body></html></blockquote></p><p>U.S. exchanges will remain open on New Year’s Eve and the following Monday this year. Traders typically have off to observe New Year’s Day—but not when the first day of the year falls on a Saturday.</p><p><blockquote>美国交易所将在今年除夕和下周一继续开放。交易者通常会放假庆祝元旦，但当一年的第一天是周六时就不会了。</blockquote></p><p>The New York Stock Exchange cites rule 7.2 for arranging this year’s holiday schedule this way. That rule, essentially, says the exchange will remain on the Friday before a Saturday holiday in cases such as the end of the year or the quarter’s end. Here’s the full text of the rule:</p><p><blockquote>纽约证券交易所引用规则7.2这样安排今年的假期安排。该规则本质上规定，在年底或季度末等情况下，交易所将在周六假期前的周五继续营业。以下是规则全文：</blockquote></p><p>When a holiday observed by the Exchange falls on a Saturday, the Exchange will not be open for business on the preceding Friday and when any holiday observed by the Exchange falls on a Sunday, the Exchange will not be open for business on the succeeding Monday, unless unusual business conditions exist, such as the ending of a monthly or yearly accounting period.And, according to the rule, the NYSE will remain open on Monday because New Year’s Day doesn’t fall on Sunday. When New Year’s Day falls on a Sunday, the exchange closes the following Monday. That’s what will happen next year: January 2, 2023, will be a holiday.</p><p><blockquote>当交易所遵守的假日适逢星期六时，交易所将不会在前一个星期五营业，当交易所遵守的任何假日适逢星期日时，交易所将不会在随后的星期一营业，除非存在不寻常的营业情况，如月度或年度会计期间结束。而且，根据规定，纽约证券交易所将在周一继续开放，因为元旦不在周日。当元旦是星期天时，交易所在接下来的星期一休市。这就是明年会发生的事情：2023年1月2日，将是一个假期。</blockquote></p><p>Like the NYSE, the Federal Reserve will not observe the holiday on Monday this year. Bond traders, at least, will get a bit of a break on Friday. The bond market closes at 2 p.m.</p><p><blockquote>与纽交所一样，美联储今年也不会在周一放假。至少债券交易员将在周五得到一点喘息。债券市场下午2点收盘。</blockquote></p><p>But not every exchange is handling the holiday the same way. Toronto and London stock exchanges will be closed on Monday, Jan. 3.</p><p><blockquote>但并非每个交易所都以相同的方式处理假期。多伦多和伦敦证券交易所将于1月3日星期一休市。</blockquote></p><p>And institutions that are usually open on Saturdays will be closed. The U.S. Postal Service, for example, will be open on Friday and closed on Saturday.</p><p><blockquote>通常周六开放的机构将关闭。例如，美国邮政服务将于周五开放，周六关闭。</blockquote></p><p>So the best answer for why Monday isn’t a holiday for the NYSE? Much to the ire of bleary-eyed traders, it’s simply because that’s what has always happened when the calendar lines up this way.</p><p><blockquote>那么，为什么周一不是纽约证券交易所的假期的最佳答案是什么？令睡眼惺忪的交易者非常愤怒的是，这仅仅是因为当日历以这种方式排列时，总是会发生这种情况。</blockquote></p><p><i>Barron’s</i> will see you on Monday for the first trading day of 2022. Stocks, options, and bonds will be traded and investors will get their first look at whether the new year can match 2021’s impressive gains. The S&amp;P 500 and Dow Jones Industrial Average added about 28% and 19%, respectively, in 2021, as of Thursday’s close.</p><p><blockquote><i>巴伦周刊</i>2022年第一个交易日周一见。股票、期权和债券将进行交易，投资者将首次了解新的一年能否与2021年令人印象深刻的涨幅相媲美。截至周四收盘，标普500和道琼斯工业平均指数2021年分别上涨约28%和19%。</blockquote></p><p>For the S&amp;P 500, that puts 2021’s return in the top fifth of performances dating back to 1927. For the Dow, last year was in the top third of years dating back to 1896. Here’s to hoping the new year is another profitable one.</p><p><blockquote>对于标普500来说，这使得2021年的回归在1927年以来的表现中排名前五。对于道琼斯指数来说，去年是自1896年以来排名前三分之一的年份。希望新的一年是又一个有利可图的一年。</blockquote></p><p>Some positive news for anyone looking for a break: You won’t have to wait too long. The first long weekend of 2022 is Jan. 17, in observance of Martin Luther King Jr. Day.</p><p><blockquote>对于任何想休息的人来说，一些积极的消息是：你不必等太久。2022年的第一个长周末是1月17日，以纪念马丁·路德·金纪念日。</blockquote></p><p></body></html></p><p><blockquote></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>Is the Stock Market Open on New Year’s Eve and Monday? Yes. Here’s Why.<blockquote>除夕和周一股市开盘吗？是的。原因如下。</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\">\nIs the Stock Market Open on New Year’s Eve and Monday? Yes. Here’s Why.<blockquote>除夕和周一股市开盘吗？是的。原因如下。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-31 15:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>A new year is right around the corner. But for anyone active in the stock market, there will be no year-end holiday.</p><p><blockquote><html><head></head><body>新的一年即将来临。但对于任何活跃在股市的人来说，都不会有年终假期。</body></html></blockquote></p><p>U.S. exchanges will remain open on New Year’s Eve and the following Monday this year. Traders typically have off to observe New Year’s Day—but not when the first day of the year falls on a Saturday.</p><p><blockquote>美国交易所将在今年除夕和下周一继续开放。交易者通常会放假庆祝元旦，但当一年的第一天是周六时就不会了。</blockquote></p><p>The New York Stock Exchange cites rule 7.2 for arranging this year’s holiday schedule this way. That rule, essentially, says the exchange will remain on the Friday before a Saturday holiday in cases such as the end of the year or the quarter’s end. Here’s the full text of the rule:</p><p><blockquote>纽约证券交易所引用规则7.2这样安排今年的假期安排。该规则本质上规定，在年底或季度末等情况下，交易所将在周六假期前的周五继续营业。以下是规则全文：</blockquote></p><p>When a holiday observed by the Exchange falls on a Saturday, the Exchange will not be open for business on the preceding Friday and when any holiday observed by the Exchange falls on a Sunday, the Exchange will not be open for business on the succeeding Monday, unless unusual business conditions exist, such as the ending of a monthly or yearly accounting period.And, according to the rule, the NYSE will remain open on Monday because New Year’s Day doesn’t fall on Sunday. When New Year’s Day falls on a Sunday, the exchange closes the following Monday. That’s what will happen next year: January 2, 2023, will be a holiday.</p><p><blockquote>当交易所遵守的假日适逢星期六时，交易所将不会在前一个星期五营业，当交易所遵守的任何假日适逢星期日时，交易所将不会在随后的星期一营业，除非存在不寻常的营业情况，如月度或年度会计期间结束。而且，根据规定，纽约证券交易所将在周一继续开放，因为元旦不在周日。当元旦是星期天时，交易所在接下来的星期一休市。这就是明年会发生的事情：2023年1月2日，将是一个假期。</blockquote></p><p>Like the NYSE, the Federal Reserve will not observe the holiday on Monday this year. Bond traders, at least, will get a bit of a break on Friday. The bond market closes at 2 p.m.</p><p><blockquote>与纽交所一样，美联储今年也不会在周一放假。至少债券交易员将在周五得到一点喘息。债券市场下午2点收盘。</blockquote></p><p>But not every exchange is handling the holiday the same way. Toronto and London stock exchanges will be closed on Monday, Jan. 3.</p><p><blockquote>但并非每个交易所都以相同的方式处理假期。多伦多和伦敦证券交易所将于1月3日星期一休市。</blockquote></p><p>And institutions that are usually open on Saturdays will be closed. The U.S. Postal Service, for example, will be open on Friday and closed on Saturday.</p><p><blockquote>通常周六开放的机构将关闭。例如，美国邮政服务将于周五开放，周六关闭。</blockquote></p><p>So the best answer for why Monday isn’t a holiday for the NYSE? Much to the ire of bleary-eyed traders, it’s simply because that’s what has always happened when the calendar lines up this way.</p><p><blockquote>那么，为什么周一不是纽约证券交易所的假期的最佳答案是什么？令睡眼惺忪的交易者非常愤怒的是，这仅仅是因为当日历以这种方式排列时，总是会发生这种情况。</blockquote></p><p><i>Barron’s</i> will see you on Monday for the first trading day of 2022. Stocks, options, and bonds will be traded and investors will get their first look at whether the new year can match 2021’s impressive gains. The S&amp;P 500 and Dow Jones Industrial Average added about 28% and 19%, respectively, in 2021, as of Thursday’s close.</p><p><blockquote><i>巴伦周刊</i>2022年第一个交易日周一见。股票、期权和债券将进行交易，投资者将首次了解新的一年能否与2021年令人印象深刻的涨幅相媲美。截至周四收盘，标普500和道琼斯工业平均指数2021年分别上涨约28%和19%。</blockquote></p><p>For the S&amp;P 500, that puts 2021’s return in the top fifth of performances dating back to 1927. For the Dow, last year was in the top third of years dating back to 1896. Here’s to hoping the new year is another profitable one.</p><p><blockquote>对于标普500来说，这使得2021年的回归在1927年以来的表现中排名前五。对于道琼斯指数来说，去年是自1896年以来排名前三分之一的年份。希望新的一年是又一个有利可图的一年。</blockquote></p><p>Some positive news for anyone looking for a break: You won’t have to wait too long. The first long weekend of 2022 is Jan. 17, in observance of Martin Luther King Jr. Day.</p><p><blockquote>对于任何想休息的人来说，一些积极的消息是：你不必等太久。2022年的第一个长周末是1月17日，以纪念马丁·路德·金纪念日。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stock-market-open-close-new-years-eve-monday-hours-51640891577?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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/stock-market-open-close-new-years-eve-monday-hours-51640891577?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123532697","content_text":"A new year is right around the corner. But for anyone active in the stock market, there will be no year-end holiday.U.S. exchanges will remain open on New Year’s Eve and the following Monday this year. Traders typically have off to observe New Year’s Day—but not when the first day of the year falls on a Saturday.The New York Stock Exchange cites rule 7.2 for arranging this year’s holiday schedule this way. That rule, essentially, says the exchange will remain on the Friday before a Saturday holiday in cases such as the end of the year or the quarter’s end. Here’s the full text of the rule:When a holiday observed by the Exchange falls on a Saturday, the Exchange will not be open for business on the preceding Friday and when any holiday observed by the Exchange falls on a Sunday, the Exchange will not be open for business on the succeeding Monday, unless unusual business conditions exist, such as the ending of a monthly or yearly accounting period.And, according to the rule, the NYSE will remain open on Monday because New Year’s Day doesn’t fall on Sunday. When New Year’s Day falls on a Sunday, the exchange closes the following Monday. That’s what will happen next year: January 2, 2023, will be a holiday.Like the NYSE, the Federal Reserve will not observe the holiday on Monday this year. Bond traders, at least, will get a bit of a break on Friday. The bond market closes at 2 p.m.But not every exchange is handling the holiday the same way. Toronto and London stock exchanges will be closed on Monday, Jan. 3.And institutions that are usually open on Saturdays will be closed. The U.S. Postal Service, for example, will be open on Friday and closed on Saturday.So the best answer for why Monday isn’t a holiday for the NYSE? Much to the ire of bleary-eyed traders, it’s simply because that’s what has always happened when the calendar lines up this way.Barron’s will see you on Monday for the first trading day of 2022. Stocks, options, and bonds will be traded and investors will get their first look at whether the new year can match 2021’s impressive gains. The S&P 500 and Dow Jones Industrial Average added about 28% and 19%, respectively, in 2021, as of Thursday’s close.For the S&P 500, that puts 2021’s return in the top fifth of performances dating back to 1927. For the Dow, last year was in the top third of years dating back to 1896. Here’s to hoping the new year is another profitable one.Some positive news for anyone looking for a break: You won’t have to wait too long. The first long weekend of 2022 is Jan. 17, in observance of Martin Luther King Jr. Day.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692669956,"gmtCreate":1640943269015,"gmtModify":1640943720871,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"yikes","listText":"yikes","text":"yikes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/692669956","repostId":"1138638823","repostType":4,"repost":{"id":"1138638823","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1640941436,"share":"https://www.laohu8.com/m/news/1138638823?lang=zh_CN&edition=full","pubTime":"2021-12-31 17:03","market":"us","language":"en","title":"Tesla Recalls Nearly 200k Vehicles in China for Latch,Trunk Issues<blockquote>特斯拉因闩锁、后备箱问题在华召回近20万辆汽车</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138638823","media":"Tiger Newspress","summary":"Shares of Tesla are down about 1% in pre-open Friday after the company filed a recall of nearly 200,","content":"<p><html><head></head><body>Shares of Tesla are down about 1% in pre-open Friday after the company filed a recall of nearly 200,000 vehicles in China.</p><p><blockquote><html><head></head><body>特斯拉在华召回近20万辆汽车后，该公司股价周五盘前下跌约1%。</body></html></blockquote></p><p><img src=\"https://static.tigerbbs.com/403575639df16af4a4bf14258d9fa2e9\" tg-width=\"841\" tg-height=\"621\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>Tesla Motors (Beijing) Co., Ltd. recalled some imported Model S electric vehicles with a production date from January 21, 2015 to November 18, 2020, with a total of 19,697 vehicles.</p><p><blockquote>特斯拉（北京）有限公司召回生产日期为2015年1月21日至2020年11月18日的部分进口Model S电动汽车，共计19697辆。</blockquote></p><p>For vehicles within the scope of this recall, the alignment position of the front trunk latch and the latch may be slightly backward. Although this situation does not affect the locking of the primary latch, it may affect the locking of the secondary latch. When the primary latch is accidentally released, if the secondary latch is not locked, the front trunk cover may suddenly open during driving, affecting the driver&#39;s line of sight, increasing the risk of collision accidents and potential safety hazards.</p><p><blockquote>本次召回范围内的车辆，前行李箱闩锁与闩锁的对准位置可能会稍微向后。虽然这种情况不会影响主闩锁的锁定，但可能会影响副闩锁的锁定。当主闩锁意外松开时，如果副闩锁未锁定，前行李箱盖可能会在行驶过程中突然打开，影响驾驶员视线，增加碰撞事故风险，存在安全隐患。</blockquote></p><p>Tesla Motors (Beijing) Co., Ltd. recalled a total of 35,836 imported Model 3 electric vehicles whose production date was from October 4, 2018 to November 20, 2019.</p><p><blockquote>特斯拉（北京）有限公司召回生产日期为2018年10月4日至2019年11月20日的进口Model 3电动汽车，共计35836辆。</blockquote></p><p>Tesla (Shanghai) Co., Ltd. recalled some domestic Model 3 electric vehicles with a production date from October 14, 2019 to December 27, 2020, totaling 144,208.</p><p><blockquote>特斯拉（上海）有限公司召回生产日期为2019年10月14日至2020年12月27日的部分国产Model 3电动汽车，共计144208辆。</blockquote></p><p>The trunk cover of vehicles within the scope of recall II and III may cause excessive wear of trunk harness after long-term repeated opening and closing. If the wear causes the separation of the inner core of the coaxial cable, the reversing image may not work normally, thus affecting the driver&#39;s field of vision when reversing. In extreme cases, it will increase the collision risk when reversing, and there are potential safety hazards.</p><p><blockquote>召回范围II和III内车辆的行李箱盖在长时间反复打开和关闭后，可能会导致行李箱线束过度磨损。如果磨损导致同轴电缆内芯分离，倒车影像可能无法正常工作，从而影响驾驶员倒车时的视野。极端情况下会增加倒车时的碰撞风险，存在安全隐患。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Recalls Nearly 200k Vehicles in China for Latch,Trunk Issues<blockquote>特斯拉因闩锁、后备箱问题在华召回近20万辆汽车</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 Recalls Nearly 200k Vehicles in China for Latch,Trunk Issues<blockquote>特斯拉因闩锁、后备箱问题在华召回近20万辆汽车</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-31 17:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Shares of Tesla are down about 1% in pre-open Friday after the company filed a recall of nearly 200,000 vehicles in China.</p><p><blockquote><html><head></head><body>特斯拉在华召回近20万辆汽车后，该公司股价周五盘前下跌约1%。</body></html></blockquote></p><p><img src=\"https://static.tigerbbs.com/403575639df16af4a4bf14258d9fa2e9\" tg-width=\"841\" tg-height=\"621\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>Tesla Motors (Beijing) Co., Ltd. recalled some imported Model S electric vehicles with a production date from January 21, 2015 to November 18, 2020, with a total of 19,697 vehicles.</p><p><blockquote>特斯拉（北京）有限公司召回生产日期为2015年1月21日至2020年11月18日的部分进口Model S电动汽车，共计19697辆。</blockquote></p><p>For vehicles within the scope of this recall, the alignment position of the front trunk latch and the latch may be slightly backward. Although this situation does not affect the locking of the primary latch, it may affect the locking of the secondary latch. When the primary latch is accidentally released, if the secondary latch is not locked, the front trunk cover may suddenly open during driving, affecting the driver&#39;s line of sight, increasing the risk of collision accidents and potential safety hazards.</p><p><blockquote>本次召回范围内的车辆，前行李箱闩锁与闩锁的对准位置可能会稍微向后。虽然这种情况不会影响主闩锁的锁定，但可能会影响副闩锁的锁定。当主闩锁意外松开时，如果副闩锁未锁定，前行李箱盖可能会在行驶过程中突然打开，影响驾驶员视线，增加碰撞事故风险，存在安全隐患。</blockquote></p><p>Tesla Motors (Beijing) Co., Ltd. recalled a total of 35,836 imported Model 3 electric vehicles whose production date was from October 4, 2018 to November 20, 2019.</p><p><blockquote>特斯拉（北京）有限公司召回生产日期为2018年10月4日至2019年11月20日的进口Model 3电动汽车，共计35836辆。</blockquote></p><p>Tesla (Shanghai) Co., Ltd. recalled some domestic Model 3 electric vehicles with a production date from October 14, 2019 to December 27, 2020, totaling 144,208.</p><p><blockquote>特斯拉（上海）有限公司召回生产日期为2019年10月14日至2020年12月27日的部分国产Model 3电动汽车，共计144208辆。</blockquote></p><p>The trunk cover of vehicles within the scope of recall II and III may cause excessive wear of trunk harness after long-term repeated opening and closing. If the wear causes the separation of the inner core of the coaxial cable, the reversing image may not work normally, thus affecting the driver&#39;s field of vision when reversing. In extreme cases, it will increase the collision risk when reversing, and there are potential safety hazards.</p><p><blockquote>召回范围II和III内车辆的行李箱盖在长时间反复打开和关闭后，可能会导致行李箱线束过度磨损。如果磨损导致同轴电缆内芯分离，倒车影像可能无法正常工作，从而影响驾驶员倒车时的视野。极端情况下会增加倒车时的碰撞风险，存在安全隐患。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138638823","content_text":"Shares of Tesla are down about 1% in pre-open Friday after the company filed a recall of nearly 200,000 vehicles in China.Tesla Motors (Beijing) Co., Ltd. recalled some imported Model S electric vehicles with a production date from January 21, 2015 to November 18, 2020, with a total of 19,697 vehicles.For vehicles within the scope of this recall, the alignment position of the front trunk latch and the latch may be slightly backward. Although this situation does not affect the locking of the primary latch, it may affect the locking of the secondary latch. When the primary latch is accidentally released, if the secondary latch is not locked, the front trunk cover may suddenly open during driving, affecting the driver's line of sight, increasing the risk of collision accidents and potential safety hazards.Tesla Motors (Beijing) Co., Ltd. recalled a total of 35,836 imported Model 3 electric vehicles whose production date was from October 4, 2018 to November 20, 2019.Tesla (Shanghai) Co., Ltd. recalled some domestic Model 3 electric vehicles with a production date from October 14, 2019 to December 27, 2020, totaling 144,208.The trunk cover of vehicles within the scope of recall II and III may cause excessive wear of trunk harness after long-term repeated opening and closing. If the wear causes the separation of the inner core of the coaxial cable, the reversing image may not work normally, thus affecting the driver's field of vision when reversing. In extreme cases, it will increase the collision risk when reversing, and there are potential safety hazards.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692374532,"gmtCreate":1640863941650,"gmtModify":1640863941907,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"cheers to 2022","listText":"cheers to 2022","text":"cheers to 2022","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692374532","repostId":"1125254281","repostType":4,"isVote":1,"tweetType":1,"viewCount":3109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692374165,"gmtCreate":1640863921624,"gmtModify":1640863921910,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"yikes","listText":"yikes","text":"yikes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692374165","repostId":"1187731440","repostType":4,"isVote":1,"tweetType":1,"viewCount":2605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692374971,"gmtCreate":1640863871346,"gmtModify":1640863873133,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"nooo :(","listText":"nooo :(","text":"nooo :(","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/692374971","repostId":"2195469880","repostType":4,"isVote":1,"tweetType":1,"viewCount":2710,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696715939,"gmtCreate":1640768978367,"gmtModify":1640769453139,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"rly not enough credit? 80x P/E ratio👀","listText":"rly not enough credit? 80x P/E ratio👀","text":"rly not enough credit? 80x P/E ratio👀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696715939","repostId":"1174830865","repostType":4,"repost":{"id":"1174830865","kind":"news","pubTimestamp":1640768348,"share":"https://www.laohu8.com/m/news/1174830865?lang=zh_CN&edition=full","pubTime":"2021-12-29 16:59","market":"us","language":"en","title":"Nvidia's Trillion-Dollar AI Opportunity<blockquote>英伟达万亿美元的人工智能机遇</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174830865","media":"Seeking Alpha","summary":"SummaryNVIDIA's dominance in AI is underappreciated.The company satisfies all the conditions to grow","content":"<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>NVIDIA&#39;s dominance in AI is underappreciated.</li><li>The company satisfies all the conditions to grow its competitive advantage in AI over time.</li><li>AI could grow into a multi-trillion dollar opportunity for NVIDIA.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5ccc411f40abfe931b89d5588779451\" tg-width=\"1536\" tg-height=\"1152\" width=\"100%\" height=\"auto\"/><span>imaginima/E+ via Getty Images</span></p><p><blockquote><ul><li>英伟达在人工智能领域的主导地位未被充分认识。</li><li>随着时间的推移，该公司满足了在人工智能领域增强竞争优势的所有条件。</li><li>人工智能可能会成为英伟达价值数万亿美元的机会。</li></ul><p class=\"t-img-caption\"><span>imaginima/E+来自Getty Images</span></p></blockquote></p><p>AI is a watershed moment for the world. Humans’ fundamental technology is intelligence. We’re in the process of automating intelligence so that we can augment ours. The thing that’s really cool is that AI is software that writes itself, and it writes software that no humans can.Jensen Huang, Founder, and CEO of NVIDIANVIDIA (NVDA) does not get enough credit for its highly dominant position in artificial intelligence, a rapidly emerging class of technology that will likely disrupt every industry and centralize economic power in the hands of its masters. The market&#39;s increasing recognition of NVIDIA&#39;s sustainable competitive advantage in artificial intelligence (AI) and AI&#39;s long growth runway will likely sustain the stock&#39;s outperformance and premium valuation.</p><p><blockquote>AI是世界的分水岭时刻。人类的根本技术是智能。我们正在自动化智能，这样我们就可以增强我们的智能。真正酷的是，人工智能是自己编写的软件，而且它编写的软件是人类无法编写的。NVIDIA(NVDA)创始人兼首席执行官黄仁勋(Jensen Huang)并未因其在人工智能领域的高度主导地位而获得足够的赞誉，人工智能是一种快速发展的技术类别，可能会颠覆每个行业并将经济权力集中在其主人手中。市场越来越认可英伟达在人工智能（AI）领域的可持续竞争优势以及人工智能的长期增长跑道，这可能会维持该股的优异表现和溢价估值。</blockquote></p><p><b>AI &amp; Economic Centralization</b></p><p><blockquote><b>人工智能与经济集中化</b></blockquote></p><p>AI is exciting to the investment community because it gives those who wield it unprecedented abilities and economics. Revolutionary breakthroughs in artificial neural networks (or deep learning) in the 2010s enabled algorithms to &#34;learn&#34; and thus introduce a new level of machine intelligence never available before, allowing the algorithms to accomplish breathtaking new feats such asdefeatingthe world&#39;s top Go players and disrupting the translation industry.</p><p><blockquote>人工智能让投资界感到兴奋，因为它为那些使用人工智能的人提供了前所未有的能力和经济效益。2010年代人工神经网络（或深度学习）的革命性突破使算法能够“学习”，从而引入了前所未有的机器智能新水平，使算法能够完成令人惊叹的新壮举，例如击败世界顶级围棋选手和颠覆翻译行业。</blockquote></p><p>Importantly, for investors, modern neural network algorithms are a &#34;centralizing&#34; technology since the advantage of scale outweighs the disadvantages. The practical implication is that companies that can position themselves at the center should enjoy an unusually strong and sustainable competitive advantage in the niche where it dominates.</p><p><blockquote>重要的是，对于投资者来说，现代神经网络算法是一种“集中”技术，因为规模优势大于劣势。其实际含义是，能够将自己定位在中心的公司应该在其主导的利基市场中享有异常强大和可持续的竞争优势。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/40aedfb330e1430e3b3578134c461460\" tg-width=\"640\" tg-height=\"538\" width=\"100%\" height=\"auto\"/><span>Source: Zen Analyst</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Zen分析师</span></p></blockquote></p><p>Companies most likely to be in this enviable position should satisfy three conditions.</p><p><blockquote>最有可能处于这种令人羡慕地位的公司应该满足三个条件。</blockquote></p><p>First, there is a massive shortage of AI experts, so only very well-funded companies or those with massive cash flow can sustain world-class AI teams. In 2017, Tencent(OTCPK:TCEHY) estimated that there are only 300,000 AI researchers worldwide, far short of the millions demanded by the market. The lack of skilled people and difficulty hiring topped the list of challenges in AI to this day.</p><p><blockquote>首先，人工智能专家严重短缺，因此只有资金非常充足的公司或拥有大量现金流的公司才能维持世界级的人工智能团队。2017年，腾讯控股（OTCPK：TCEHY）估计全球AI研究人员只有30万人，远不及市场需求的数百万人。迄今为止，缺乏技术人员和招聘困难是人工智能面临的首要挑战。</blockquote></p><p>Second, AI delivers the greatest value to companies with the greatest data assets, which correlates with the scale of the enterprise. It takes a massive amount of data to train neural networks, and naturally, the best AI talents prefer to work in data-rich environments. It is no surprise that companies that are most excited about AI are also the ones with the greatest data assets, for example, Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (FB), Apple (AAPL), and Netflix (NFLX).</p><p><blockquote>其次，人工智能为拥有最大数据资产的公司提供了最大的价值，这与企业的规模相关。训练神经网络需要海量数据，自然，最优秀的AI人才更喜欢在数据丰富的环境中工作。毫不奇怪，对人工智能最感兴趣的公司也是拥有最多数据资产的公司，例如Alphabet(GOOG)、微软(MSFT)、亚马逊(AMZN)、Meta Platforms(FB)、苹果(AAPL)和Netflix(NFLX)。</blockquote></p><p>Third, combining top AI talent and massive data to produce breakthrough products requires a management team with a strong engineering and computer science background. This condition explains why Amazon, Alphabet, Microsoft, and NVIDIA lead in AI when other data-rich companies such as Bank of America (BAC) and UnitedHealth Group (UNH) do not.</p><p><blockquote>第三，结合顶尖AI人才和海量数据生产突破性产品，需要具有强大工程和计算机科学背景的管理团队。这种情况解释了为什么亚马逊、Alphabet、微软和英伟达在人工智能领域处于领先地位，而美银(BAC)和联合健康集团(UNH)等其他数据丰富的公司却没有。</blockquote></p><p>Once a breakthrough AI product is brought to market, for example, Google&#39;s AI language translation service, one that is significantly better than alternatives, a virtuous cycle begins that further reinforces the competitive advantage of the product. First, the superior product garners more users. Second, more users interacting with the product generates more data. Third, the incremental data is then used to improve the product.</p><p><blockquote>一旦一个突破性的人工智能产品被推向市场，例如谷歌的人工智能语言翻译服务，一个明显优于替代品的产品，一个良性循环就开始了，进一步增强了产品的竞争优势。首先，优势产品获得更多用户。其次，更多的用户与产品互动会产生更多的数据。第三，增量数据用于改进产品。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/965b5370b6f9a11ec4863ece11f18ddd\" tg-width=\"640\" tg-height=\"730\" width=\"100%\" height=\"auto\"/><span>Source: Zen Analyst</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Zen分析师</span></p></blockquote></p><p>This virtuous flywheel increases the competitive advantages of the incumbents as long as they do not fall apart due to complacency and corruption.</p><p><blockquote>只要现任者不因自满和腐败而分崩离析，这种良性飞轮就会增加他们的竞争优势。</blockquote></p><p><b>NVIDIA&#39;s Dominance</b></p><p><blockquote><b>英伟达的主导地位</b></blockquote></p><p>NVIDIA satisfies all three conditions for maintaining and growing its dominant position in AI.</p><p><blockquote>英伟达满足了维持和发展其在人工智能领域主导地位的所有三个条件。</blockquote></p><p>First, NVIDIA is one of the most profitable and fastest-growing companies globally, making its stock-based compensation highly attractive to scarce AI talents. The company is expected to generate $13.7 billion in EBITDA this current fiscal year (ended January 2022), up 73% y/y.</p><p><blockquote>首先，英伟达是全球最赚钱、增长最快的公司之一，这使得其基于股票的薪酬对稀缺的AI人才极具吸引力。该公司预计本财年（截至2022年1月）将产生137亿美元的EBITDA，同比增长73%。</blockquote></p><p></p><p>Second, NVIDIA has access to a massive amount of data through its computing hardware business, CUDA parallel computing platform, gaming platforms such as GeForce Now, and software platforms such as Omniverse.</p><p><blockquote>其次，英伟达通过其计算硬件业务、CUDA并行计算平台、GeForce Now等游戏平台以及Omniverse等软件平台可以访问海量数据。</blockquote></p><p>In addition to providing AI talent a data-rich environment, the company also occupies an overwhelmingly dominant position in AI chips, making the company one of the exciting places to work for AI talent. According to JPR, NVIDIA has an 83% share of the Q2 2021 PC discrete GPUs, the preferred chip for AI training and inference. Likewise, NVIDIA GPUs also dominate the data center with over 80% market share in AI workloads.</p><p><blockquote>除了为AI人才提供数据丰富的环境，公司还在AI芯片方面占据压倒性优势地位，使公司成为AI人才工作的令人兴奋的地方之一。根据JPR的数据，英伟达在Q2 2021 PC独立GPU中占有83%的份额，这是人工智能训练和推理的首选芯片。同样，NVIDIA GPU也在数据中心占据主导地位，在AI工作负载中占有超过80%的市场份额。</blockquote></p><p>Third, in my view, NVIDIA&#39;s management ranks among the most innovative in history. Jensen Huang founded NVIDIA in 1993 and has been at the frontier of innovation in GPUs, gaming graphics, accelerated computing in data centers, AI, and the Metaverse. Today, at 58-years-old, Jensen is still deeply committed as the company&#39;s CEO, and his vision gets a tremendous amount of respect from Wall Street to Main Street.</p><p><blockquote>第三，在我看来，英伟达的管理层是历史上最具创新性的管理层之一。黄仁勋于1993年创立了英伟达，一直处于GPU、游戏图形、数据中心加速计算、人工智能和元宇宙领域创新的前沿。如今，58岁的詹森仍然坚定地担任公司首席执行官，他的愿景得到了从华尔街到大街的极大尊重。</blockquote></p><p>It is no wonder that AI talents are flocking to work at NVIDIA. According to a 2017 Glassdoor survey, NVIDIA ranked second among top employers hiring AI talent. According to a study released by Glassdoor, as of 2021, NVIDIA ranked the second-best place to work in the U.S. Given how well the company and the stock have done and the high level of employee satisfaction, NVIDIA should not have problems attracting some of the best AI talents in the world.</p><p><blockquote>难怪AI人才纷纷涌向英伟达工作。根据2017年Glassdoor的一项调查，英伟达在招聘人工智能人才的顶级雇主中排名第二。根据Glassdoor发布的一项研究，截至2021年，英伟达在美国排名第二。鉴于公司和股票的表现以及员工满意度的高水平，英伟达吸引一些世界上最优秀的人工智能人才应该没有问题。</blockquote></p><p><b>AI Market Opportunity</b></p><p><blockquote><b>人工智能市场机会</b></blockquote></p><p>NVIDIA has a massive AI portfolio that could serve every enterprise:</p><p><blockquote>NVIDIA拥有庞大的人工智能产品组合，可以为每个企业提供服务：</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8542e16ee66c70106491e1d683a30912\" tg-width=\"640\" tg-height=\"334\" width=\"100%\" height=\"auto\"/><span>Source: NVIDIA</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：英伟达</span></p></blockquote></p><p>Due to the size of its AI portfolio, it is challenging to put an exact number on NVIDIA&#39;s AI addressable market for three reasons. First, NVIDIA has products up and down the stack, from applications interacting with the end-user to hardware sitting in the data center and at the edge. Second, NVIDIA&#39;s AI technologies are horizontal (giving a limited set of capabilities to every industry) and vertical (offering a broad set of capabilities to specialized industries). Third, AI will play a crucial but not exclusive role in rapidly emerging opportunities such as the metaverse.</p><p><blockquote>由于其人工智能产品组合的规模，很难给出英伟达人工智能潜在市场的确切数字，原因有三。首先，NVIDIA拥有堆栈上下的产品，从与最终用户交互的应用程序到位于数据中心和边缘的硬件。其次，英伟达的人工智能技术是水平的（为每个行业提供有限的功能）和垂直的（为专业行业提供广泛的功能）。第三，人工智能将在元宇宙等快速出现的机会中发挥至关重要但不是排他性的作用。</blockquote></p><p>To get a sense of the scale of the opportunities for NVIDIA&#39;s AI portfolio, let&#39;s take a look at a few examples.</p><p><blockquote>为了了解英伟达人工智能产品组合的机会规模，让我们看几个例子。</blockquote></p><p>Omdia forecasts the global artificial intelligence software market will grow rapidly in the coming years, reaching around $126 billion by 2025. The overall AI market includes various applications such as natural language processing, robotic process automation, and machine learning.</p><p><blockquote>Omdia预测，全球人工智能软件市场将在未来几年快速增长，到2025年将达到1260亿美元左右。整体AI市场包括自然语言处理、机器人流程自动化和机器学习等各种应用。</blockquote></p><p>I sized the current metaverse opportunity for NVIDIA at a minimum of $360 billion, with the potential to grow into the trillions. In my view, AI will play a crucial role in the metaverse, but so will blockchain, consumer electronics such as virtual reality goggles, and GPU chips. I suspect that AI will initially play a small role in the metaverse relative to blockchain and hardware, but its importance will increase in five to ten years.</p><p><blockquote>我估计英伟达目前的元宇宙机会至少为3600亿美元，并且有可能增长到数万亿美元。在我看来，AI将在元宇宙中发挥至关重要的作用，但区块链、虚拟现实护目镜等消费电子产品以及GPU芯片也将如此。我怀疑，相对于区块链和硬件，AI最初将在元宇宙中发挥很小的作用，但其重要性将在五到十年内增加。</blockquote></p><p>However, NVIDIA&#39;s CEO, Jensen Huang, has much bigger ambitions: he believes the intelligence market is sized in the trillions. For example, he believes that AI will transform the multi-trillion transportation industry through autonomous driving, to name one industry.</p><p><blockquote>然而，英伟达首席执行官黄仁勋(Elon Musk)有着更大的野心：他认为智能市场规模达数万亿美元。例如，他认为人工智能将通过自动驾驶改变数万亿的交通行业，仅举一个例子。</blockquote></p><p><b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p>(Note: all consensus and historical data in this section are from FactSet.)</p><p><blockquote>（注：本节中的所有共识和历史数据均来自FactSet。）</blockquote></p><p>While there is little disagreement that NVIDIA is an excellent company, many investors balk at NVIDIA&#39;s price action and premium valuation.</p><p><blockquote>尽管英伟达是一家优秀的公司几乎没有异议，但许多投资者对英伟达的价格走势和溢价估值犹豫不决。</blockquote></p><p>In my opinion, the stock&#39;s valuation is justified by its growth rate, the strength of its core business, and multiple &#34;free options&#34; attached to the stock. However, NVIDIA may not be appropriate for investors who would like to avoid large drawdowns given the stock&#39;s 1.95 52-week beta and the business&#39;s rapid growth, which could hit unexpected speed bumps.</p><p><blockquote>在我看来，该股的估值是合理的，其增长率、核心业务的实力以及该股附带的多个“免费期权”。然而，鉴于该股52周贝塔值为1.95，且业务快速增长，英伟达可能不适合希望避免大幅下跌的投资者，这可能会遇到意想不到的减速。</blockquote></p><p>NVDA currently trades at 58x next-twelve-month consensus EPS or a 180% premium to the S&amp;P 500. Given the stock&#39;s ~126% YTD rally and premium valuation, many investors fear chasing a winner. Furthermore, given the passionate discussions around the metaverse (see my recently published Meta Platforms article for more background information), bears will argue that NVDA&#39;s valuation is being propped up by &#34;hype.&#34;</p><p><blockquote>NVDA目前的交易价格是未来12个月共识每股收益的58倍，较标普500溢价180%。鉴于该股年初至今上涨约126%且估值溢价，许多投资者担心追逐赢家。此外，鉴于围绕元宇宙的热烈讨论（有关更多背景信息，请参阅我最近发表的Meta Platforms文章），空头会认为NVDA的估值是由“炒作”支撑的。</blockquote></p><p>I disagree with this conclusion because I believe NVDA&#39;s valuation is justified by the performance of its core business, while Omniverse has not yet materially contributed to results. For a detailed discussion of the Omniverse, please read my article<i>NVIDIA: Lord Of The Metaverse.</i></p><p><blockquote>我不同意这个结论，因为我认为NVDA的估值是由其核心业务的表现证明的，而Omniverse尚未对业绩做出实质性贡献。关于Omniverse的详细讨论，请阅读我的文章<i>英伟达：元宇宙之王。</i></blockquote></p><p></p><p>NVDA&#39;s EPS grew 73% y/y in FY20 and is expected to grow another 74% in FY22 (FY ending January). By the end of this year, the company is expected to generate earnings per share ~200% higher than its 2019 earnings. Over the same period, the S&amp;P 500&#39;s EPS grew 26%. Looking ahead, consensus EPS for NVDA&#39;s FY23 implies a 19% y/y growth rate, a number the company should easily beat given the strong momentum of its businesses and its long history of beating earnings estimates. However, even 19% is well above the S&amp;P 500&#39;s expected 8% EPS growth in the same period.</p><p><blockquote>NVDA的每股收益在20财年同比增长73%，预计在22财年（截至1月的财年）将再增长74%。到今年年底，该公司的每股收益预计将比2019年的收益高出约200%。同期，标普500的每股收益增长了26%。展望未来，NVDA 2023财年的普遍每股收益意味着同比增长率为19%，鉴于其业务的强劲势头以及超出盈利预期的悠久历史，该公司应该很容易超过这个数字。然而，即使是19%也远高于标普500同期8%的每股收益增长预期。</blockquote></p><p>In addition, I believe NVDA&#39;s above-market EPS growth rate will be more sustainable than the average S&amp;P 500 company, given its near-monopoly in discrete GPUs and the secular trends driving its business. Among the most important secular drivers is the rise of AI and the metaverse.</p><p><blockquote>此外，鉴于NVDA在独立GPU领域近乎垄断以及推动其业务的长期趋势，我相信NVDA高于市场的每股收益增长率将比一般标普500公司更具可持续性。最重要的长期驱动因素之一是人工智能和元宇宙的兴起。</blockquote></p><p><b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p>We know NVIDIA has a near-monopoly in discrete GPUs, the dominant chip used to power gaming, accelerated computing, and AI. The company enjoys network effects, flywheel effects, platform dominance, and a superior R&amp;D budget, putting it head and shoulders above competitors. Its primary end markets -- gaming, data center, and AI -- are also growing well above global GDP.</p><p><blockquote>我们知道英伟达在独立GPU领域几乎处于垄断地位，独立GPU是用于支持游戏、加速计算和人工智能的主导芯片。该公司享有网络效应、飞轮效应、平台主导地位和优越的研发预算，使其遥遥领先于竞争对手。其主要终端市场——游戏、数据中心和人工智能——的增长也远高于全球GDP。</blockquote></p><p>In my view, the most significant risk for NVIDIA is regulatory and not competitive or market-based. I see two primary regulatory risks: anti-monopoly and geopolitics.</p><p><blockquote>在我看来，英伟达最大的风险是监管，而不是竞争或基于市场的风险。我看到了两个主要的监管风险：反垄断和地缘政治。</blockquote></p><p>First, the company&#39;s dominance and size make it a threat to market competition, likely resulting in regulatory pressures. NVIDIA could face regulatory risks similar to those experienced by Microsoft twenty years ago and by Meta Platforms, Apple, and Alphabet today.</p><p><blockquote>首先，该公司的主导地位和规模使其对市场竞争构成威胁，可能会导致监管压力。英伟达可能面临类似于二十年前微软以及今天Meta Platforms、苹果和Alphabet所经历的监管风险。</blockquote></p><p>We already see early signs of government pressure on NVIDIA. For example, even US regulators object to the company&#39;s pending acquisition of ARM Holdings.</p><p><blockquote>我们已经看到了政府对英伟达施加压力的早期迹象。例如，就连美国监管机构也反对该公司即将收购ARM Holdings。</blockquote></p><p>Second, as a semiconductor company with significant China revenues, NVIDIA risks being caught in the cross-hair of the US-China semiconductor war.Revenue from billings to China, including Hong Kong, was 23% of NVIDIA&#39;s revenue for the fiscal year 2021. As the leader in AI, a key area of geopolitical contest, NVIDIA&#39;s risk of being caught in geopolitics is likely much greater than the average semiconductor company.</p><p><blockquote>其次，作为一家在中国收入可观的半导体公司，英伟达面临着陷入美中半导体战争的风险。2021财年，来自中国（包括香港）的账单收入占英伟达收入的23%。作为地缘政治较量关键领域AI的领头羊，英伟达陷入地缘政治的风险很可能远大于一般的半导体公司。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia's Trillion-Dollar AI Opportunity<blockquote>英伟达万亿美元的人工智能机遇</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia's Trillion-Dollar AI Opportunity<blockquote>英伟达万亿美元的人工智能机遇</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-29 16:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>NVIDIA&#39;s dominance in AI is underappreciated.</li><li>The company satisfies all the conditions to grow its competitive advantage in AI over time.</li><li>AI could grow into a multi-trillion dollar opportunity for NVIDIA.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5ccc411f40abfe931b89d5588779451\" tg-width=\"1536\" tg-height=\"1152\" width=\"100%\" height=\"auto\"/><span>imaginima/E+ via Getty Images</span></p><p><blockquote><ul><li>英伟达在人工智能领域的主导地位未被充分认识。</li><li>随着时间的推移，该公司满足了在人工智能领域增强竞争优势的所有条件。</li><li>人工智能可能会成为英伟达价值数万亿美元的机会。</li></ul><p class=\"t-img-caption\"><span>imaginima/E+来自Getty Images</span></p></blockquote></p><p>AI is a watershed moment for the world. Humans’ fundamental technology is intelligence. We’re in the process of automating intelligence so that we can augment ours. The thing that’s really cool is that AI is software that writes itself, and it writes software that no humans can.Jensen Huang, Founder, and CEO of NVIDIANVIDIA (NVDA) does not get enough credit for its highly dominant position in artificial intelligence, a rapidly emerging class of technology that will likely disrupt every industry and centralize economic power in the hands of its masters. The market&#39;s increasing recognition of NVIDIA&#39;s sustainable competitive advantage in artificial intelligence (AI) and AI&#39;s long growth runway will likely sustain the stock&#39;s outperformance and premium valuation.</p><p><blockquote>AI是世界的分水岭时刻。人类的根本技术是智能。我们正在自动化智能，这样我们就可以增强我们的智能。真正酷的是，人工智能是自己编写的软件，而且它编写的软件是人类无法编写的。NVIDIA(NVDA)创始人兼首席执行官黄仁勋(Jensen Huang)并未因其在人工智能领域的高度主导地位而获得足够的赞誉，人工智能是一种快速发展的技术类别，可能会颠覆每个行业并将经济权力集中在其主人手中。市场越来越认可英伟达在人工智能（AI）领域的可持续竞争优势以及人工智能的长期增长跑道，这可能会维持该股的优异表现和溢价估值。</blockquote></p><p><b>AI &amp; Economic Centralization</b></p><p><blockquote><b>人工智能与经济集中化</b></blockquote></p><p>AI is exciting to the investment community because it gives those who wield it unprecedented abilities and economics. Revolutionary breakthroughs in artificial neural networks (or deep learning) in the 2010s enabled algorithms to &#34;learn&#34; and thus introduce a new level of machine intelligence never available before, allowing the algorithms to accomplish breathtaking new feats such asdefeatingthe world&#39;s top Go players and disrupting the translation industry.</p><p><blockquote>人工智能让投资界感到兴奋，因为它为那些使用人工智能的人提供了前所未有的能力和经济效益。2010年代人工神经网络（或深度学习）的革命性突破使算法能够“学习”，从而引入了前所未有的机器智能新水平，使算法能够完成令人惊叹的新壮举，例如击败世界顶级围棋选手和颠覆翻译行业。</blockquote></p><p>Importantly, for investors, modern neural network algorithms are a &#34;centralizing&#34; technology since the advantage of scale outweighs the disadvantages. The practical implication is that companies that can position themselves at the center should enjoy an unusually strong and sustainable competitive advantage in the niche where it dominates.</p><p><blockquote>重要的是，对于投资者来说，现代神经网络算法是一种“集中”技术，因为规模优势大于劣势。其实际含义是，能够将自己定位在中心的公司应该在其主导的利基市场中享有异常强大和可持续的竞争优势。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/40aedfb330e1430e3b3578134c461460\" tg-width=\"640\" tg-height=\"538\" width=\"100%\" height=\"auto\"/><span>Source: Zen Analyst</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Zen分析师</span></p></blockquote></p><p>Companies most likely to be in this enviable position should satisfy three conditions.</p><p><blockquote>最有可能处于这种令人羡慕地位的公司应该满足三个条件。</blockquote></p><p>First, there is a massive shortage of AI experts, so only very well-funded companies or those with massive cash flow can sustain world-class AI teams. In 2017, Tencent(OTCPK:TCEHY) estimated that there are only 300,000 AI researchers worldwide, far short of the millions demanded by the market. The lack of skilled people and difficulty hiring topped the list of challenges in AI to this day.</p><p><blockquote>首先，人工智能专家严重短缺，因此只有资金非常充足的公司或拥有大量现金流的公司才能维持世界级的人工智能团队。2017年，腾讯控股（OTCPK：TCEHY）估计全球AI研究人员只有30万人，远不及市场需求的数百万人。迄今为止，缺乏技术人员和招聘困难是人工智能面临的首要挑战。</blockquote></p><p>Second, AI delivers the greatest value to companies with the greatest data assets, which correlates with the scale of the enterprise. It takes a massive amount of data to train neural networks, and naturally, the best AI talents prefer to work in data-rich environments. It is no surprise that companies that are most excited about AI are also the ones with the greatest data assets, for example, Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (FB), Apple (AAPL), and Netflix (NFLX).</p><p><blockquote>其次，人工智能为拥有最大数据资产的公司提供了最大的价值，这与企业的规模相关。训练神经网络需要海量数据，自然，最优秀的AI人才更喜欢在数据丰富的环境中工作。毫不奇怪，对人工智能最感兴趣的公司也是拥有最多数据资产的公司，例如Alphabet(GOOG)、微软(MSFT)、亚马逊(AMZN)、Meta Platforms(FB)、苹果(AAPL)和Netflix(NFLX)。</blockquote></p><p>Third, combining top AI talent and massive data to produce breakthrough products requires a management team with a strong engineering and computer science background. This condition explains why Amazon, Alphabet, Microsoft, and NVIDIA lead in AI when other data-rich companies such as Bank of America (BAC) and UnitedHealth Group (UNH) do not.</p><p><blockquote>第三，结合顶尖AI人才和海量数据生产突破性产品，需要具有强大工程和计算机科学背景的管理团队。这种情况解释了为什么亚马逊、Alphabet、微软和英伟达在人工智能领域处于领先地位，而美银(BAC)和联合健康集团(UNH)等其他数据丰富的公司却没有。</blockquote></p><p>Once a breakthrough AI product is brought to market, for example, Google&#39;s AI language translation service, one that is significantly better than alternatives, a virtuous cycle begins that further reinforces the competitive advantage of the product. First, the superior product garners more users. Second, more users interacting with the product generates more data. Third, the incremental data is then used to improve the product.</p><p><blockquote>一旦一个突破性的人工智能产品被推向市场，例如谷歌的人工智能语言翻译服务，一个明显优于替代品的产品，一个良性循环就开始了，进一步增强了产品的竞争优势。首先，优势产品获得更多用户。其次，更多的用户与产品互动会产生更多的数据。第三，增量数据用于改进产品。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/965b5370b6f9a11ec4863ece11f18ddd\" tg-width=\"640\" tg-height=\"730\" width=\"100%\" height=\"auto\"/><span>Source: Zen Analyst</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Zen分析师</span></p></blockquote></p><p>This virtuous flywheel increases the competitive advantages of the incumbents as long as they do not fall apart due to complacency and corruption.</p><p><blockquote>只要现任者不因自满和腐败而分崩离析，这种良性飞轮就会增加他们的竞争优势。</blockquote></p><p><b>NVIDIA&#39;s Dominance</b></p><p><blockquote><b>英伟达的主导地位</b></blockquote></p><p>NVIDIA satisfies all three conditions for maintaining and growing its dominant position in AI.</p><p><blockquote>英伟达满足了维持和发展其在人工智能领域主导地位的所有三个条件。</blockquote></p><p>First, NVIDIA is one of the most profitable and fastest-growing companies globally, making its stock-based compensation highly attractive to scarce AI talents. The company is expected to generate $13.7 billion in EBITDA this current fiscal year (ended January 2022), up 73% y/y.</p><p><blockquote>首先，英伟达是全球最赚钱、增长最快的公司之一，这使得其基于股票的薪酬对稀缺的AI人才极具吸引力。该公司预计本财年（截至2022年1月）将产生137亿美元的EBITDA，同比增长73%。</blockquote></p><p></p><p>Second, NVIDIA has access to a massive amount of data through its computing hardware business, CUDA parallel computing platform, gaming platforms such as GeForce Now, and software platforms such as Omniverse.</p><p><blockquote>其次，英伟达通过其计算硬件业务、CUDA并行计算平台、GeForce Now等游戏平台以及Omniverse等软件平台可以访问海量数据。</blockquote></p><p>In addition to providing AI talent a data-rich environment, the company also occupies an overwhelmingly dominant position in AI chips, making the company one of the exciting places to work for AI talent. According to JPR, NVIDIA has an 83% share of the Q2 2021 PC discrete GPUs, the preferred chip for AI training and inference. Likewise, NVIDIA GPUs also dominate the data center with over 80% market share in AI workloads.</p><p><blockquote>除了为AI人才提供数据丰富的环境，公司还在AI芯片方面占据压倒性优势地位，使公司成为AI人才工作的令人兴奋的地方之一。根据JPR的数据，英伟达在Q2 2021 PC独立GPU中占有83%的份额，这是人工智能训练和推理的首选芯片。同样，NVIDIA GPU也在数据中心占据主导地位，在AI工作负载中占有超过80%的市场份额。</blockquote></p><p>Third, in my view, NVIDIA&#39;s management ranks among the most innovative in history. Jensen Huang founded NVIDIA in 1993 and has been at the frontier of innovation in GPUs, gaming graphics, accelerated computing in data centers, AI, and the Metaverse. Today, at 58-years-old, Jensen is still deeply committed as the company&#39;s CEO, and his vision gets a tremendous amount of respect from Wall Street to Main Street.</p><p><blockquote>第三，在我看来，英伟达的管理层是历史上最具创新性的管理层之一。黄仁勋于1993年创立了英伟达，一直处于GPU、游戏图形、数据中心加速计算、人工智能和元宇宙领域创新的前沿。如今，58岁的詹森仍然坚定地担任公司首席执行官，他的愿景得到了从华尔街到大街的极大尊重。</blockquote></p><p>It is no wonder that AI talents are flocking to work at NVIDIA. According to a 2017 Glassdoor survey, NVIDIA ranked second among top employers hiring AI talent. According to a study released by Glassdoor, as of 2021, NVIDIA ranked the second-best place to work in the U.S. Given how well the company and the stock have done and the high level of employee satisfaction, NVIDIA should not have problems attracting some of the best AI talents in the world.</p><p><blockquote>难怪AI人才纷纷涌向英伟达工作。根据2017年Glassdoor的一项调查，英伟达在招聘人工智能人才的顶级雇主中排名第二。根据Glassdoor发布的一项研究，截至2021年，英伟达在美国排名第二。鉴于公司和股票的表现以及员工满意度的高水平，英伟达吸引一些世界上最优秀的人工智能人才应该没有问题。</blockquote></p><p><b>AI Market Opportunity</b></p><p><blockquote><b>人工智能市场机会</b></blockquote></p><p>NVIDIA has a massive AI portfolio that could serve every enterprise:</p><p><blockquote>NVIDIA拥有庞大的人工智能产品组合，可以为每个企业提供服务：</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8542e16ee66c70106491e1d683a30912\" tg-width=\"640\" tg-height=\"334\" width=\"100%\" height=\"auto\"/><span>Source: NVIDIA</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：英伟达</span></p></blockquote></p><p>Due to the size of its AI portfolio, it is challenging to put an exact number on NVIDIA&#39;s AI addressable market for three reasons. First, NVIDIA has products up and down the stack, from applications interacting with the end-user to hardware sitting in the data center and at the edge. Second, NVIDIA&#39;s AI technologies are horizontal (giving a limited set of capabilities to every industry) and vertical (offering a broad set of capabilities to specialized industries). Third, AI will play a crucial but not exclusive role in rapidly emerging opportunities such as the metaverse.</p><p><blockquote>由于其人工智能产品组合的规模，很难给出英伟达人工智能潜在市场的确切数字，原因有三。首先，NVIDIA拥有堆栈上下的产品，从与最终用户交互的应用程序到位于数据中心和边缘的硬件。其次，英伟达的人工智能技术是水平的（为每个行业提供有限的功能）和垂直的（为专业行业提供广泛的功能）。第三，人工智能将在元宇宙等快速出现的机会中发挥至关重要但不是排他性的作用。</blockquote></p><p>To get a sense of the scale of the opportunities for NVIDIA&#39;s AI portfolio, let&#39;s take a look at a few examples.</p><p><blockquote>为了了解英伟达人工智能产品组合的机会规模，让我们看几个例子。</blockquote></p><p>Omdia forecasts the global artificial intelligence software market will grow rapidly in the coming years, reaching around $126 billion by 2025. The overall AI market includes various applications such as natural language processing, robotic process automation, and machine learning.</p><p><blockquote>Omdia预测，全球人工智能软件市场将在未来几年快速增长，到2025年将达到1260亿美元左右。整体AI市场包括自然语言处理、机器人流程自动化和机器学习等各种应用。</blockquote></p><p>I sized the current metaverse opportunity for NVIDIA at a minimum of $360 billion, with the potential to grow into the trillions. In my view, AI will play a crucial role in the metaverse, but so will blockchain, consumer electronics such as virtual reality goggles, and GPU chips. I suspect that AI will initially play a small role in the metaverse relative to blockchain and hardware, but its importance will increase in five to ten years.</p><p><blockquote>我估计英伟达目前的元宇宙机会至少为3600亿美元，并且有可能增长到数万亿美元。在我看来，AI将在元宇宙中发挥至关重要的作用，但区块链、虚拟现实护目镜等消费电子产品以及GPU芯片也将如此。我怀疑，相对于区块链和硬件，AI最初将在元宇宙中发挥很小的作用，但其重要性将在五到十年内增加。</blockquote></p><p>However, NVIDIA&#39;s CEO, Jensen Huang, has much bigger ambitions: he believes the intelligence market is sized in the trillions. For example, he believes that AI will transform the multi-trillion transportation industry through autonomous driving, to name one industry.</p><p><blockquote>然而，英伟达首席执行官黄仁勋(Elon Musk)有着更大的野心：他认为智能市场规模达数万亿美元。例如，他认为人工智能将通过自动驾驶改变数万亿的交通行业，仅举一个例子。</blockquote></p><p><b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p>(Note: all consensus and historical data in this section are from FactSet.)</p><p><blockquote>（注：本节中的所有共识和历史数据均来自FactSet。）</blockquote></p><p>While there is little disagreement that NVIDIA is an excellent company, many investors balk at NVIDIA&#39;s price action and premium valuation.</p><p><blockquote>尽管英伟达是一家优秀的公司几乎没有异议，但许多投资者对英伟达的价格走势和溢价估值犹豫不决。</blockquote></p><p>In my opinion, the stock&#39;s valuation is justified by its growth rate, the strength of its core business, and multiple &#34;free options&#34; attached to the stock. However, NVIDIA may not be appropriate for investors who would like to avoid large drawdowns given the stock&#39;s 1.95 52-week beta and the business&#39;s rapid growth, which could hit unexpected speed bumps.</p><p><blockquote>在我看来，该股的估值是合理的，其增长率、核心业务的实力以及该股附带的多个“免费期权”。然而，鉴于该股52周贝塔值为1.95，且业务快速增长，英伟达可能不适合希望避免大幅下跌的投资者，这可能会遇到意想不到的减速。</blockquote></p><p>NVDA currently trades at 58x next-twelve-month consensus EPS or a 180% premium to the S&amp;P 500. Given the stock&#39;s ~126% YTD rally and premium valuation, many investors fear chasing a winner. Furthermore, given the passionate discussions around the metaverse (see my recently published Meta Platforms article for more background information), bears will argue that NVDA&#39;s valuation is being propped up by &#34;hype.&#34;</p><p><blockquote>NVDA目前的交易价格是未来12个月共识每股收益的58倍，较标普500溢价180%。鉴于该股年初至今上涨约126%且估值溢价，许多投资者担心追逐赢家。此外，鉴于围绕元宇宙的热烈讨论（有关更多背景信息，请参阅我最近发表的Meta Platforms文章），空头会认为NVDA的估值是由“炒作”支撑的。</blockquote></p><p>I disagree with this conclusion because I believe NVDA&#39;s valuation is justified by the performance of its core business, while Omniverse has not yet materially contributed to results. For a detailed discussion of the Omniverse, please read my article<i>NVIDIA: Lord Of The Metaverse.</i></p><p><blockquote>我不同意这个结论，因为我认为NVDA的估值是由其核心业务的表现证明的，而Omniverse尚未对业绩做出实质性贡献。关于Omniverse的详细讨论，请阅读我的文章<i>英伟达：元宇宙之王。</i></blockquote></p><p></p><p>NVDA&#39;s EPS grew 73% y/y in FY20 and is expected to grow another 74% in FY22 (FY ending January). By the end of this year, the company is expected to generate earnings per share ~200% higher than its 2019 earnings. Over the same period, the S&amp;P 500&#39;s EPS grew 26%. Looking ahead, consensus EPS for NVDA&#39;s FY23 implies a 19% y/y growth rate, a number the company should easily beat given the strong momentum of its businesses and its long history of beating earnings estimates. However, even 19% is well above the S&amp;P 500&#39;s expected 8% EPS growth in the same period.</p><p><blockquote>NVDA的每股收益在20财年同比增长73%，预计在22财年（截至1月的财年）将再增长74%。到今年年底，该公司的每股收益预计将比2019年的收益高出约200%。同期，标普500的每股收益增长了26%。展望未来，NVDA 2023财年的普遍每股收益意味着同比增长率为19%，鉴于其业务的强劲势头以及超出盈利预期的悠久历史，该公司应该很容易超过这个数字。然而，即使是19%也远高于标普500同期8%的每股收益增长预期。</blockquote></p><p>In addition, I believe NVDA&#39;s above-market EPS growth rate will be more sustainable than the average S&amp;P 500 company, given its near-monopoly in discrete GPUs and the secular trends driving its business. Among the most important secular drivers is the rise of AI and the metaverse.</p><p><blockquote>此外，鉴于NVDA在独立GPU领域近乎垄断以及推动其业务的长期趋势，我相信NVDA高于市场的每股收益增长率将比一般标普500公司更具可持续性。最重要的长期驱动因素之一是人工智能和元宇宙的兴起。</blockquote></p><p><b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p>We know NVIDIA has a near-monopoly in discrete GPUs, the dominant chip used to power gaming, accelerated computing, and AI. The company enjoys network effects, flywheel effects, platform dominance, and a superior R&amp;D budget, putting it head and shoulders above competitors. Its primary end markets -- gaming, data center, and AI -- are also growing well above global GDP.</p><p><blockquote>我们知道英伟达在独立GPU领域几乎处于垄断地位，独立GPU是用于支持游戏、加速计算和人工智能的主导芯片。该公司享有网络效应、飞轮效应、平台主导地位和优越的研发预算，使其遥遥领先于竞争对手。其主要终端市场——游戏、数据中心和人工智能——的增长也远高于全球GDP。</blockquote></p><p>In my view, the most significant risk for NVIDIA is regulatory and not competitive or market-based. I see two primary regulatory risks: anti-monopoly and geopolitics.</p><p><blockquote>在我看来，英伟达最大的风险是监管，而不是竞争或基于市场的风险。我看到了两个主要的监管风险：反垄断和地缘政治。</blockquote></p><p>First, the company&#39;s dominance and size make it a threat to market competition, likely resulting in regulatory pressures. NVIDIA could face regulatory risks similar to those experienced by Microsoft twenty years ago and by Meta Platforms, Apple, and Alphabet today.</p><p><blockquote>首先，该公司的主导地位和规模使其对市场竞争构成威胁，可能会导致监管压力。英伟达可能面临类似于二十年前微软以及今天Meta Platforms、苹果和Alphabet所经历的监管风险。</blockquote></p><p>We already see early signs of government pressure on NVIDIA. For example, even US regulators object to the company&#39;s pending acquisition of ARM Holdings.</p><p><blockquote>我们已经看到了政府对英伟达施加压力的早期迹象。例如，就连美国监管机构也反对该公司即将收购ARM Holdings。</blockquote></p><p>Second, as a semiconductor company with significant China revenues, NVIDIA risks being caught in the cross-hair of the US-China semiconductor war.Revenue from billings to China, including Hong Kong, was 23% of NVIDIA&#39;s revenue for the fiscal year 2021. As the leader in AI, a key area of geopolitical contest, NVIDIA&#39;s risk of being caught in geopolitics is likely much greater than the average semiconductor company.</p><p><blockquote>其次，作为一家在中国收入可观的半导体公司，英伟达面临着陷入美中半导体战争的风险。2021财年，来自中国（包括香港）的账单收入占英伟达收入的23%。作为地缘政治较量关键领域AI的领头羊，英伟达陷入地缘政治的风险很可能远大于一般的半导体公司。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4477152-nvidia-nvda-stock-trillion-dollar-ai-opportunity\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4477152-nvidia-nvda-stock-trillion-dollar-ai-opportunity","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174830865","content_text":"SummaryNVIDIA's dominance in AI is underappreciated.The company satisfies all the conditions to grow its competitive advantage in AI over time.AI could grow into a multi-trillion dollar opportunity for NVIDIA.imaginima/E+ via Getty ImagesAI is a watershed moment for the world. Humans’ fundamental technology is intelligence. We’re in the process of automating intelligence so that we can augment ours. The thing that’s really cool is that AI is software that writes itself, and it writes software that no humans can.Jensen Huang, Founder, and CEO of NVIDIANVIDIA (NVDA) does not get enough credit for its highly dominant position in artificial intelligence, a rapidly emerging class of technology that will likely disrupt every industry and centralize economic power in the hands of its masters. The market's increasing recognition of NVIDIA's sustainable competitive advantage in artificial intelligence (AI) and AI's long growth runway will likely sustain the stock's outperformance and premium valuation.AI & Economic CentralizationAI is exciting to the investment community because it gives those who wield it unprecedented abilities and economics. Revolutionary breakthroughs in artificial neural networks (or deep learning) in the 2010s enabled algorithms to \"learn\" and thus introduce a new level of machine intelligence never available before, allowing the algorithms to accomplish breathtaking new feats such asdefeatingthe world's top Go players and disrupting the translation industry.Importantly, for investors, modern neural network algorithms are a \"centralizing\" technology since the advantage of scale outweighs the disadvantages. The practical implication is that companies that can position themselves at the center should enjoy an unusually strong and sustainable competitive advantage in the niche where it dominates.Source: Zen AnalystCompanies most likely to be in this enviable position should satisfy three conditions.First, there is a massive shortage of AI experts, so only very well-funded companies or those with massive cash flow can sustain world-class AI teams. In 2017, Tencent(OTCPK:TCEHY) estimated that there are only 300,000 AI researchers worldwide, far short of the millions demanded by the market. The lack of skilled people and difficulty hiring topped the list of challenges in AI to this day.Second, AI delivers the greatest value to companies with the greatest data assets, which correlates with the scale of the enterprise. It takes a massive amount of data to train neural networks, and naturally, the best AI talents prefer to work in data-rich environments. It is no surprise that companies that are most excited about AI are also the ones with the greatest data assets, for example, Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (FB), Apple (AAPL), and Netflix (NFLX).Third, combining top AI talent and massive data to produce breakthrough products requires a management team with a strong engineering and computer science background. This condition explains why Amazon, Alphabet, Microsoft, and NVIDIA lead in AI when other data-rich companies such as Bank of America (BAC) and UnitedHealth Group (UNH) do not.Once a breakthrough AI product is brought to market, for example, Google's AI language translation service, one that is significantly better than alternatives, a virtuous cycle begins that further reinforces the competitive advantage of the product. First, the superior product garners more users. Second, more users interacting with the product generates more data. Third, the incremental data is then used to improve the product.Source: Zen AnalystThis virtuous flywheel increases the competitive advantages of the incumbents as long as they do not fall apart due to complacency and corruption.NVIDIA's DominanceNVIDIA satisfies all three conditions for maintaining and growing its dominant position in AI.First, NVIDIA is one of the most profitable and fastest-growing companies globally, making its stock-based compensation highly attractive to scarce AI talents. The company is expected to generate $13.7 billion in EBITDA this current fiscal year (ended January 2022), up 73% y/y.Second, NVIDIA has access to a massive amount of data through its computing hardware business, CUDA parallel computing platform, gaming platforms such as GeForce Now, and software platforms such as Omniverse.In addition to providing AI talent a data-rich environment, the company also occupies an overwhelmingly dominant position in AI chips, making the company one of the exciting places to work for AI talent. According to JPR, NVIDIA has an 83% share of the Q2 2021 PC discrete GPUs, the preferred chip for AI training and inference. Likewise, NVIDIA GPUs also dominate the data center with over 80% market share in AI workloads.Third, in my view, NVIDIA's management ranks among the most innovative in history. Jensen Huang founded NVIDIA in 1993 and has been at the frontier of innovation in GPUs, gaming graphics, accelerated computing in data centers, AI, and the Metaverse. Today, at 58-years-old, Jensen is still deeply committed as the company's CEO, and his vision gets a tremendous amount of respect from Wall Street to Main Street.It is no wonder that AI talents are flocking to work at NVIDIA. According to a 2017 Glassdoor survey, NVIDIA ranked second among top employers hiring AI talent. According to a study released by Glassdoor, as of 2021, NVIDIA ranked the second-best place to work in the U.S. Given how well the company and the stock have done and the high level of employee satisfaction, NVIDIA should not have problems attracting some of the best AI talents in the world.AI Market OpportunityNVIDIA has a massive AI portfolio that could serve every enterprise:Source: NVIDIADue to the size of its AI portfolio, it is challenging to put an exact number on NVIDIA's AI addressable market for three reasons. First, NVIDIA has products up and down the stack, from applications interacting with the end-user to hardware sitting in the data center and at the edge. Second, NVIDIA's AI technologies are horizontal (giving a limited set of capabilities to every industry) and vertical (offering a broad set of capabilities to specialized industries). Third, AI will play a crucial but not exclusive role in rapidly emerging opportunities such as the metaverse.To get a sense of the scale of the opportunities for NVIDIA's AI portfolio, let's take a look at a few examples.Omdia forecasts the global artificial intelligence software market will grow rapidly in the coming years, reaching around $126 billion by 2025. The overall AI market includes various applications such as natural language processing, robotic process automation, and machine learning.I sized the current metaverse opportunity for NVIDIA at a minimum of $360 billion, with the potential to grow into the trillions. In my view, AI will play a crucial role in the metaverse, but so will blockchain, consumer electronics such as virtual reality goggles, and GPU chips. I suspect that AI will initially play a small role in the metaverse relative to blockchain and hardware, but its importance will increase in five to ten years.However, NVIDIA's CEO, Jensen Huang, has much bigger ambitions: he believes the intelligence market is sized in the trillions. For example, he believes that AI will transform the multi-trillion transportation industry through autonomous driving, to name one industry.Valuation(Note: all consensus and historical data in this section are from FactSet.)While there is little disagreement that NVIDIA is an excellent company, many investors balk at NVIDIA's price action and premium valuation.In my opinion, the stock's valuation is justified by its growth rate, the strength of its core business, and multiple \"free options\" attached to the stock. However, NVIDIA may not be appropriate for investors who would like to avoid large drawdowns given the stock's 1.95 52-week beta and the business's rapid growth, which could hit unexpected speed bumps.NVDA currently trades at 58x next-twelve-month consensus EPS or a 180% premium to the S&P 500. Given the stock's ~126% YTD rally and premium valuation, many investors fear chasing a winner. Furthermore, given the passionate discussions around the metaverse (see my recently published Meta Platforms article for more background information), bears will argue that NVDA's valuation is being propped up by \"hype.\"I disagree with this conclusion because I believe NVDA's valuation is justified by the performance of its core business, while Omniverse has not yet materially contributed to results. For a detailed discussion of the Omniverse, please read my articleNVIDIA: Lord Of The Metaverse.NVDA's EPS grew 73% y/y in FY20 and is expected to grow another 74% in FY22 (FY ending January). By the end of this year, the company is expected to generate earnings per share ~200% higher than its 2019 earnings. Over the same period, the S&P 500's EPS grew 26%. Looking ahead, consensus EPS for NVDA's FY23 implies a 19% y/y growth rate, a number the company should easily beat given the strong momentum of its businesses and its long history of beating earnings estimates. However, even 19% is well above the S&P 500's expected 8% EPS growth in the same period.In addition, I believe NVDA's above-market EPS growth rate will be more sustainable than the average S&P 500 company, given its near-monopoly in discrete GPUs and the secular trends driving its business. Among the most important secular drivers is the rise of AI and the metaverse.RisksWe know NVIDIA has a near-monopoly in discrete GPUs, the dominant chip used to power gaming, accelerated computing, and AI. The company enjoys network effects, flywheel effects, platform dominance, and a superior R&D budget, putting it head and shoulders above competitors. Its primary end markets -- gaming, data center, and AI -- are also growing well above global GDP.In my view, the most significant risk for NVIDIA is regulatory and not competitive or market-based. I see two primary regulatory risks: anti-monopoly and geopolitics.First, the company's dominance and size make it a threat to market competition, likely resulting in regulatory pressures. NVIDIA could face regulatory risks similar to those experienced by Microsoft twenty years ago and by Meta Platforms, Apple, and Alphabet today.We already see early signs of government pressure on NVIDIA. For example, even US regulators object to the company's pending acquisition of ARM Holdings.Second, as a semiconductor company with significant China revenues, NVIDIA risks being caught in the cross-hair of the US-China semiconductor war.Revenue from billings to China, including Hong Kong, was 23% of NVIDIA's revenue for the fiscal year 2021. As the leader in AI, a key area of geopolitical contest, NVIDIA's risk of being caught in geopolitics is likely much greater than the average semiconductor company.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":3022,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696823253,"gmtCreate":1640665885963,"gmtModify":1640665885963,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696823253","repostId":"1103512761","repostType":4,"repost":{"id":"1103512761","kind":"news","pubTimestamp":1640663803,"share":"https://www.laohu8.com/m/news/1103512761?lang=zh_CN&edition=full","pubTime":"2021-12-28 11:56","market":"us","language":"en","title":"The S&P Is at Record Highs -- and These 2 Stocks Deserve a Lot of Credit<blockquote>标准普尔指数创历史新高——这两只股票值得高度赞扬</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103512761","media":"Motley Fool","summary":"Investors were ready to continue their holiday celebrations on Monday, and that showed up in upward ","content":"<p>Investors were ready to continue their holiday celebrations on Monday, and that showed up in upward movement in major market benchmarks. Indeed, the&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)pushed to new record levels, climbing 51 points to 4,776 as of 12:30 p.m. ET on Wall Street.</p><p><blockquote>投资者准备在周一继续庆祝节日，这体现在主要市场基准的上涨上。事实上，<b>标普500</b>(SNPINDEX：^GSPC)截至中午12:30上涨51点至4,776点，创下新纪录水平。美国东部时间在华尔街。</blockquote></p><p> Given the strong performance of the tech sector, it would be natural to assume that tech stocks were primarily responsible for the S&amp;P's gains. Certainly, given the large market capitalizations of some of the top players in technology, gains have had an outsized impact. However, largely unnoticed has been the strong performance of&nbsp;energy stocks. Two companies in particular have topped the leaderboard among S&amp;P 500 stocks, and as you'll see below, they're both energy players.</p><p><blockquote>鉴于科技股的强劲表现，人们很自然地认为科技股是标准普尔指数上涨的主要原因。当然，考虑到一些顶级科技公司的巨大市值，收益产生了巨大的影响。然而，能源股的强劲表现在很大程度上未被注意到。特别是有两家公司在标普500股票排行榜上名列前茅，正如您将在下面看到的，它们都是能源公司。</blockquote></p><p> <b>Devon leads the way</b></p><p><blockquote><b>德文郡领先</b></blockquote></p><p> Shares of&nbsp;<b>Devon Energy</b>(NYSE:DVN)were up another 4% on Monday. The stock remains well off its own all-time highs, but it has been the outright winner among S&amp;P 500 components in 2021, with gains of more than 180% year to date.</p><p><blockquote>本公司之股份<b>德文能源公司</b>（纽约证券交易所股票代码：DVN）周一又上涨4%。该股仍远低于历史高点，但它一直是2021年标普500成分股中的绝对赢家，今年迄今涨幅超过180%。</blockquote></p><p> It's not a huge surprise to see Devon climbing given the recovery in the oil and natural gas markets. Crude oil prices got crushed in 2020, but they've rebounded sharply in 2021, and that's been a big boon to energy producers across the board. For Devon in particular, higher oil prices have also allowed the company to boost its dividend because the energy producer uses a variable dividend formula to determine how much it returns to shareholders each quarter. In the past year alone, that payout has gone from $0.11 per share in the fourth quarter of 2020 to $0.84 per share in its most recent quarter, for a&nbsp;dividend yield approaching 8%.</p><p><blockquote>鉴于石油和天然气市场的复苏，德文郡的攀升并不令人意外。原油价格在2020年受到压低，但在2021年大幅反弹，这对所有能源生产商来说都是一大福音。特别是对于德文郡来说，油价上涨也使该公司能够提高股息，因为这家能源生产商使用可变股息公式来确定每个季度向股东返还多少。仅在过去一年，该派息就从2020年第四季度的每股0.11美元增至最近一个季度的每股0.84美元，股息收益率接近8%。</blockquote></p><p> Devon has also capitalized&nbsp;on smart plays in the merger and acquisition arena, successfully integrating the business it acquired in its merger with WPX Energy. By boosting its scale and allowing for lower costs, the merger allowed Devon to return even more capital to shareholders through stock buybacks.</p><p><blockquote>Devon还利用了并购领域的聪明策略，成功整合了其在与WPX Energy合并中收购的业务。通过扩大规模和降低成本，合并使德文郡能够通过股票回购向股东返还更多资本。</blockquote></p><p> Even after an outstanding performance in 2021, Devon could have further to climb. If oil performs well and the business keeps executing strongly, then Devon's 2021 gains could be just the beginning.</p><p><blockquote>即使在2021年表现出色后，德文郡仍可能进一步攀升。如果石油表现良好并且业务保持强劲执行，那么德文郡2021年的增长可能只是一个开始。</blockquote></p><p> <b>Not a sprint but a Marathon</b></p><p><blockquote><b>不是sprint而是马拉松</b></blockquote></p><p> <b>Marathon Oil</b>(NYSE:MRO)is the other big energy contributor to the S&amp;P 500's success. The stock is up 2% today and almost 140% in 2021, just edging out vaccine maker&nbsp;<b>Moderna</b>(NASDAQ:MRNA)for the No. 2 spot as of this writing.</p><p><blockquote><b>马拉松油</b>（纽约证券交易所股票代码：MRO）是标普500成功的另一个重要能源贡献者。该股今天上涨2%，2021年上涨近140%，刚刚击败疫苗制造商<b>现代</b>（纳斯达克：MRNA）在撰写本文时排名第二。</blockquote></p><p> Marathon has also been a big beneficiary of rising oil prices. With free cash flow growth accelerating, the oil company hopes to use some of its newfound financial resources to pay down debt and reduce its leverage in the future. That in turn could allow for even larger dividends and stock buybacks than what it's currently providing.</p><p><blockquote>马拉松也是油价上涨的一大受益者。随着自由现金流增长加速，该石油公司希望在未来利用部分新发现的财务资源来偿还债务并降低杠杆率。这反过来可能会允许比目前提供的更大的股息和股票回购。</blockquote></p><p> Longer term,Marathon's assets give it some flexibility&nbsp;that higher-cost providers don't have, with the ability to generate free cash flow at a $1 billion per-year rate even if crude oil were to fall back toward $50 per barrel. Efforts to cut back on overhead expenses and other non-production costs are also contributing to optimism among shareholders.</p><p><blockquote>从长远来看，马拉松的资产为其提供了一些成本较高的提供商所不具备的灵活性，即使原油价格回落至每桶50美元，它也有能力以每年10亿美元的速度产生自由现金流。削减管理费用和其他非生产成本的努力也提振了股东的乐观情绪。</blockquote></p><p> <b>Keep an eye on energy</b></p><p><blockquote><b>密切关注能源</b></blockquote></p><p> The energy markets have been volatile over the past decade, with violent swings from boom to bust and back again. In a market dominated by tech names, though, there are opportunities for energy investors to capture some opportunities that many are letting go by unnoticed.</p><p><blockquote>过去十年，能源市场波动剧烈，从繁荣到萧条，然后再回来。然而，在一个由科技公司主导的市场中，能源投资者有机会抓住一些许多人没有注意到的机会。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P Is at Record Highs -- and These 2 Stocks Deserve a Lot of Credit<blockquote>标准普尔指数创历史新高——这两只股票值得高度赞扬</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P Is at Record Highs -- and These 2 Stocks Deserve a Lot of Credit<blockquote>标准普尔指数创历史新高——这两只股票值得高度赞扬</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\">2021-12-28 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Investors were ready to continue their holiday celebrations on Monday, and that showed up in upward movement in major market benchmarks. Indeed, the&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)pushed to new record levels, climbing 51 points to 4,776 as of 12:30 p.m. ET on Wall Street.</p><p><blockquote>投资者准备在周一继续庆祝节日，这体现在主要市场基准的上涨上。事实上，<b>标普500</b>(SNPINDEX：^GSPC)截至中午12:30上涨51点至4,776点，创下新纪录水平。美国东部时间在华尔街。</blockquote></p><p> Given the strong performance of the tech sector, it would be natural to assume that tech stocks were primarily responsible for the S&amp;P's gains. Certainly, given the large market capitalizations of some of the top players in technology, gains have had an outsized impact. However, largely unnoticed has been the strong performance of&nbsp;energy stocks. Two companies in particular have topped the leaderboard among S&amp;P 500 stocks, and as you'll see below, they're both energy players.</p><p><blockquote>鉴于科技股的强劲表现，人们很自然地认为科技股是标准普尔指数上涨的主要原因。当然，考虑到一些顶级科技公司的巨大市值，收益产生了巨大的影响。然而，能源股的强劲表现在很大程度上未被注意到。特别是有两家公司在标普500股票排行榜上名列前茅，正如您将在下面看到的，它们都是能源公司。</blockquote></p><p> <b>Devon leads the way</b></p><p><blockquote><b>德文郡领先</b></blockquote></p><p> Shares of&nbsp;<b>Devon Energy</b>(NYSE:DVN)were up another 4% on Monday. The stock remains well off its own all-time highs, but it has been the outright winner among S&amp;P 500 components in 2021, with gains of more than 180% year to date.</p><p><blockquote>本公司之股份<b>德文能源公司</b>（纽约证券交易所股票代码：DVN）周一又上涨4%。该股仍远低于历史高点，但它一直是2021年标普500成分股中的绝对赢家，今年迄今涨幅超过180%。</blockquote></p><p> It's not a huge surprise to see Devon climbing given the recovery in the oil and natural gas markets. Crude oil prices got crushed in 2020, but they've rebounded sharply in 2021, and that's been a big boon to energy producers across the board. For Devon in particular, higher oil prices have also allowed the company to boost its dividend because the energy producer uses a variable dividend formula to determine how much it returns to shareholders each quarter. In the past year alone, that payout has gone from $0.11 per share in the fourth quarter of 2020 to $0.84 per share in its most recent quarter, for a&nbsp;dividend yield approaching 8%.</p><p><blockquote>鉴于石油和天然气市场的复苏，德文郡的攀升并不令人意外。原油价格在2020年受到压低，但在2021年大幅反弹，这对所有能源生产商来说都是一大福音。特别是对于德文郡来说，油价上涨也使该公司能够提高股息，因为这家能源生产商使用可变股息公式来确定每个季度向股东返还多少。仅在过去一年，该派息就从2020年第四季度的每股0.11美元增至最近一个季度的每股0.84美元，股息收益率接近8%。</blockquote></p><p> Devon has also capitalized&nbsp;on smart plays in the merger and acquisition arena, successfully integrating the business it acquired in its merger with WPX Energy. By boosting its scale and allowing for lower costs, the merger allowed Devon to return even more capital to shareholders through stock buybacks.</p><p><blockquote>Devon还利用了并购领域的聪明策略，成功整合了其在与WPX Energy合并中收购的业务。通过扩大规模和降低成本，合并使德文郡能够通过股票回购向股东返还更多资本。</blockquote></p><p> Even after an outstanding performance in 2021, Devon could have further to climb. If oil performs well and the business keeps executing strongly, then Devon's 2021 gains could be just the beginning.</p><p><blockquote>即使在2021年表现出色后，德文郡仍可能进一步攀升。如果石油表现良好并且业务保持强劲执行，那么德文郡2021年的增长可能只是一个开始。</blockquote></p><p> <b>Not a sprint but a Marathon</b></p><p><blockquote><b>不是sprint而是马拉松</b></blockquote></p><p> <b>Marathon Oil</b>(NYSE:MRO)is the other big energy contributor to the S&amp;P 500's success. The stock is up 2% today and almost 140% in 2021, just edging out vaccine maker&nbsp;<b>Moderna</b>(NASDAQ:MRNA)for the No. 2 spot as of this writing.</p><p><blockquote><b>马拉松油</b>（纽约证券交易所股票代码：MRO）是标普500成功的另一个重要能源贡献者。该股今天上涨2%，2021年上涨近140%，刚刚击败疫苗制造商<b>现代</b>（纳斯达克：MRNA）在撰写本文时排名第二。</blockquote></p><p> Marathon has also been a big beneficiary of rising oil prices. With free cash flow growth accelerating, the oil company hopes to use some of its newfound financial resources to pay down debt and reduce its leverage in the future. That in turn could allow for even larger dividends and stock buybacks than what it's currently providing.</p><p><blockquote>马拉松也是油价上涨的一大受益者。随着自由现金流增长加速，该石油公司希望在未来利用部分新发现的财务资源来偿还债务并降低杠杆率。这反过来可能会允许比目前提供的更大的股息和股票回购。</blockquote></p><p> Longer term,Marathon's assets give it some flexibility&nbsp;that higher-cost providers don't have, with the ability to generate free cash flow at a $1 billion per-year rate even if crude oil were to fall back toward $50 per barrel. Efforts to cut back on overhead expenses and other non-production costs are also contributing to optimism among shareholders.</p><p><blockquote>从长远来看，马拉松的资产为其提供了一些成本较高的提供商所不具备的灵活性，即使原油价格回落至每桶50美元，它也有能力以每年10亿美元的速度产生自由现金流。削减管理费用和其他非生产成本的努力也提振了股东的乐观情绪。</blockquote></p><p> <b>Keep an eye on energy</b></p><p><blockquote><b>密切关注能源</b></blockquote></p><p> The energy markets have been volatile over the past decade, with violent swings from boom to bust and back again. In a market dominated by tech names, though, there are opportunities for energy investors to capture some opportunities that many are letting go by unnoticed.</p><p><blockquote>过去十年，能源市场波动剧烈，从繁荣到萧条，然后再回来。然而，在一个由科技公司主导的市场中，能源投资者有机会抓住一些许多人没有注意到的机会。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/27/the-sp-is-at-record-highs-and-these-2-stocks-deser/\">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":{"DVN":"德文能源"},"source_url":"https://www.fool.com/investing/2021/12/27/the-sp-is-at-record-highs-and-these-2-stocks-deser/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103512761","content_text":"Investors were ready to continue their holiday celebrations on Monday, and that showed up in upward movement in major market benchmarks. Indeed, the S&P 500(SNPINDEX:^GSPC)pushed to new record levels, climbing 51 points to 4,776 as of 12:30 p.m. ET on Wall Street.\nGiven the strong performance of the tech sector, it would be natural to assume that tech stocks were primarily responsible for the S&P's gains. Certainly, given the large market capitalizations of some of the top players in technology, gains have had an outsized impact. However, largely unnoticed has been the strong performance of energy stocks. Two companies in particular have topped the leaderboard among S&P 500 stocks, and as you'll see below, they're both energy players.\nDevon leads the way\nShares of Devon Energy(NYSE:DVN)were up another 4% on Monday. The stock remains well off its own all-time highs, but it has been the outright winner among S&P 500 components in 2021, with gains of more than 180% year to date.\nIt's not a huge surprise to see Devon climbing given the recovery in the oil and natural gas markets. Crude oil prices got crushed in 2020, but they've rebounded sharply in 2021, and that's been a big boon to energy producers across the board. For Devon in particular, higher oil prices have also allowed the company to boost its dividend because the energy producer uses a variable dividend formula to determine how much it returns to shareholders each quarter. In the past year alone, that payout has gone from $0.11 per share in the fourth quarter of 2020 to $0.84 per share in its most recent quarter, for a dividend yield approaching 8%.\nDevon has also capitalized on smart plays in the merger and acquisition arena, successfully integrating the business it acquired in its merger with WPX Energy. By boosting its scale and allowing for lower costs, the merger allowed Devon to return even more capital to shareholders through stock buybacks.\nEven after an outstanding performance in 2021, Devon could have further to climb. If oil performs well and the business keeps executing strongly, then Devon's 2021 gains could be just the beginning.\nNot a sprint but a Marathon\nMarathon Oil(NYSE:MRO)is the other big energy contributor to the S&P 500's success. The stock is up 2% today and almost 140% in 2021, just edging out vaccine maker Moderna(NASDAQ:MRNA)for the No. 2 spot as of this writing.\nMarathon has also been a big beneficiary of rising oil prices. With free cash flow growth accelerating, the oil company hopes to use some of its newfound financial resources to pay down debt and reduce its leverage in the future. That in turn could allow for even larger dividends and stock buybacks than what it's currently providing.\nLonger term,Marathon's assets give it some flexibility that higher-cost providers don't have, with the ability to generate free cash flow at a $1 billion per-year rate even if crude oil were to fall back toward $50 per barrel. Efforts to cut back on overhead expenses and other non-production costs are also contributing to optimism among shareholders.\nKeep an eye on energy\nThe energy markets have been volatile over the past decade, with violent swings from boom to bust and back again. In a market dominated by tech names, though, there are opportunities for energy investors to capture some opportunities that many are letting go by unnoticed.","news_type":1,"symbols_score_info":{"MRO":0.9,"DVN":0.9}},"isVote":1,"tweetType":1,"viewCount":3223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696987766,"gmtCreate":1640600531920,"gmtModify":1640600532193,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"anticlimatic?","listText":"anticlimatic?","text":"anticlimatic?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696987766","repostId":"1154609715","repostType":4,"repost":{"id":"1154609715","kind":"news","pubTimestamp":1640600232,"share":"https://www.laohu8.com/m/news/1154609715?lang=zh_CN&edition=full","pubTime":"2021-12-27 18:17","market":"us","language":"en","title":"U.S. Stock Futures Muted After Christmas Holiday<blockquote>圣诞假期后美国股指期货表现低迷</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154609715","media":"Wall Street Journal","summary":"U.S. stock futures were muted, with little news driving markets after the Christmas holiday.\nFutures","content":"<p>U.S. stock futures were muted, with little news driving markets after the Christmas holiday.</p><p><blockquote>美国股指期货表现低迷，圣诞假期后几乎没有消息推动市场。</blockquote></p><p> Futures for the S&amp;P 500 were flat Monday. The index hit its&nbsp;68th record close of 2021&nbsp;Thursday. U.S. markets were closed Friday for the holiday. Contracts for the tech-focused Nasdaq-100 edged up less than 0.1% Monday, and futures for the Dow Jones Industrial Average ticked down 0.1%.</p><p><blockquote>标普500期货周一持平。该指数周四创下2021年第68个收盘纪录。美国市场周五因假期休市。以科技股为主的纳斯达克100指数合约周一小幅上涨不到0.1%，道琼斯工业平均指数期货下跌0.1%。</blockquote></p><p> Investors are braced for higher volatility over the holiday season. Concerns over&nbsp;the rapid spread of the Omicron variant&nbsp;of Covid-19 and the economic impact of measures countries may take to stem its spread have weighed on markets in recent weeks. Some investors expect that will be&nbsp;mitigated by vaccines and the rollout of booster shots&nbsp;in some nations.</p><p><blockquote>投资者准备迎接假期期间更高的波动性。最近几周，对Covid-19奥密克戎变种迅速传播以及各国可能采取的遏制其传播措施的经济影响的担忧令市场承压。一些投资者预计，疫苗和一些国家推出加强注射将缓解这种情况。</blockquote></p><p> “Everything seems to be serious but manageable. Anything that changes that, this could probably make a big impact,” said Luca Paolini, chief strategist at Pictet Asset Management.</p><p><blockquote>百达资产管理公司首席策略师卢卡·保利尼表示：“一切似乎都很严重，但都是可控的。任何改变这一点的事情都可能产生重大影响。”</blockquote></p><p> Market moves can be amplified during the holiday season due to a lack of liquidity, or how readily buyers and sellers can find each other. With many traders off, prices people are willing to buy and sell at may be higher or lower because there are fewer counterparties.</p><p><blockquote>由于缺乏流动性，或者买家和卖家很容易找到彼此，市场波动在假期期间可能会被放大。由于许多交易者关闭，人们愿意买卖的价格可能会更高或更低，因为交易对手更少。</blockquote></p><p> “We are in kind of this Christmas trading range, but low liquidity makes any potential shock bigger,” Mr. Paolini added.</p><p><blockquote>“我们正处于圣诞节交易区间，但低流动性会使任何潜在的冲击变得更大，”保利尼先生补充道。</blockquote></p><p> In bond markets, the yield on the benchmark 10-year Treasury note ticked down to 1.481% from 1.492% Thursday. Yields and prices move inversely.</p><p><blockquote>在债券市场，基准10年期国债收益率从周四的1.492%降至1.481%。收益率和价格走势相反。</blockquote></p><p> Overseas, the pan-continental Stoxx Europe 600 edged down 0.2%. Markets in the U.K. were closed.</p><p><blockquote>海外方面，泛大陆斯托克欧洲600指数小幅下跌0.2%。英国市场休市。</blockquote></p><p> In Asia, China’s Shanghai Composite closed almost 0.1% lower. South Korea’s Kospi and Japan’s Nikkei 225 each declined 0.4%. Markets in Hong Kong and Australia were closed.</p><p><blockquote>在亚洲，中国上证综指收盘下跌近0.1%。韩国综合指数和日本日经225指数均下跌0.4%。香港和澳大利亚市场休市。</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>U.S. Stock Futures Muted After Christmas Holiday<blockquote>圣诞假期后美国股指期货表现低迷</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\">\nU.S. Stock Futures Muted After Christmas Holiday<blockquote>圣诞假期后美国股指期货表现低迷</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Wall Street Journal</strong><span class=\"h-time small\">2021-12-27 18:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p>U.S. stock futures were muted, with little news driving markets after the Christmas holiday.</p><p><blockquote>美国股指期货表现低迷，圣诞假期后几乎没有消息推动市场。</blockquote></p><p> Futures for the S&amp;P 500 were flat Monday. The index hit its&nbsp;68th record close of 2021&nbsp;Thursday. U.S. markets were closed Friday for the holiday. Contracts for the tech-focused Nasdaq-100 edged up less than 0.1% Monday, and futures for the Dow Jones Industrial Average ticked down 0.1%.</p><p><blockquote>标普500期货周一持平。该指数周四创下2021年第68个收盘纪录。美国市场周五因假期休市。以科技股为主的纳斯达克100指数合约周一小幅上涨不到0.1%，道琼斯工业平均指数期货下跌0.1%。</blockquote></p><p> Investors are braced for higher volatility over the holiday season. Concerns over&nbsp;the rapid spread of the Omicron variant&nbsp;of Covid-19 and the economic impact of measures countries may take to stem its spread have weighed on markets in recent weeks. Some investors expect that will be&nbsp;mitigated by vaccines and the rollout of booster shots&nbsp;in some nations.</p><p><blockquote>投资者准备迎接假期期间更高的波动性。最近几周，对Covid-19奥密克戎变种迅速传播以及各国可能采取的遏制其传播措施的经济影响的担忧令市场承压。一些投资者预计，疫苗和一些国家推出加强注射将缓解这种情况。</blockquote></p><p> “Everything seems to be serious but manageable. Anything that changes that, this could probably make a big impact,” said Luca Paolini, chief strategist at Pictet Asset Management.</p><p><blockquote>百达资产管理公司首席策略师卢卡·保利尼表示：“一切似乎都很严重，但都是可控的。任何改变这一点的事情都可能产生重大影响。”</blockquote></p><p> Market moves can be amplified during the holiday season due to a lack of liquidity, or how readily buyers and sellers can find each other. With many traders off, prices people are willing to buy and sell at may be higher or lower because there are fewer counterparties.</p><p><blockquote>由于缺乏流动性，或者买家和卖家很容易找到彼此，市场波动在假期期间可能会被放大。由于许多交易者关闭，人们愿意买卖的价格可能会更高或更低，因为交易对手更少。</blockquote></p><p> “We are in kind of this Christmas trading range, but low liquidity makes any potential shock bigger,” Mr. Paolini added.</p><p><blockquote>“我们正处于圣诞节交易区间，但低流动性会使任何潜在的冲击变得更大，”保利尼先生补充道。</blockquote></p><p> In bond markets, the yield on the benchmark 10-year Treasury note ticked down to 1.481% from 1.492% Thursday. Yields and prices move inversely.</p><p><blockquote>在债券市场，基准10年期国债收益率从周四的1.492%降至1.481%。收益率和价格走势相反。</blockquote></p><p> Overseas, the pan-continental Stoxx Europe 600 edged down 0.2%. Markets in the U.K. were closed.</p><p><blockquote>海外方面，泛大陆斯托克欧洲600指数小幅下跌0.2%。英国市场休市。</blockquote></p><p> In Asia, China’s Shanghai Composite closed almost 0.1% lower. South Korea’s Kospi and Japan’s Nikkei 225 each declined 0.4%. Markets in Hong Kong and Australia were closed.</p><p><blockquote>在亚洲，中国上证综指收盘下跌近0.1%。韩国综合指数和日本日经225指数均下跌0.4%。香港和澳大利亚市场休市。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/global-stock-markets-dow-update-12-27-2021-11640595239?mod=markets_lead_pos2\">Wall Street Journal</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":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.wsj.com/articles/global-stock-markets-dow-update-12-27-2021-11640595239?mod=markets_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154609715","content_text":"U.S. stock futures were muted, with little news driving markets after the Christmas holiday.\nFutures for the S&P 500 were flat Monday. The index hit its 68th record close of 2021 Thursday. U.S. markets were closed Friday for the holiday. Contracts for the tech-focused Nasdaq-100 edged up less than 0.1% Monday, and futures for the Dow Jones Industrial Average ticked down 0.1%.\nInvestors are braced for higher volatility over the holiday season. Concerns over the rapid spread of the Omicron variant of Covid-19 and the economic impact of measures countries may take to stem its spread have weighed on markets in recent weeks. Some investors expect that will be mitigated by vaccines and the rollout of booster shots in some nations.\n“Everything seems to be serious but manageable. Anything that changes that, this could probably make a big impact,” said Luca Paolini, chief strategist at Pictet Asset Management.\nMarket moves can be amplified during the holiday season due to a lack of liquidity, or how readily buyers and sellers can find each other. With many traders off, prices people are willing to buy and sell at may be higher or lower because there are fewer counterparties.\n“We are in kind of this Christmas trading range, but low liquidity makes any potential shock bigger,” Mr. Paolini added.\nIn bond markets, the yield on the benchmark 10-year Treasury note ticked down to 1.481% from 1.492% Thursday. Yields and prices move inversely.\nOverseas, the pan-continental Stoxx Europe 600 edged down 0.2%. Markets in the U.K. were closed.\nIn Asia, China’s Shanghai Composite closed almost 0.1% lower. South Korea’s Kospi and Japan’s Nikkei 225 each declined 0.4%. Markets in Hong Kong and Australia were closed.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1030,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698431524,"gmtCreate":1640487640305,"gmtModify":1640487640561,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"yikes tech","listText":"yikes tech","text":"yikes tech","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698431524","repostId":"1100809123","repostType":4,"repost":{"id":"1100809123","kind":"news","pubTimestamp":1640484960,"share":"https://www.laohu8.com/m/news/1100809123?lang=zh_CN&edition=full","pubTime":"2021-12-26 10:16","market":"us","language":"en","title":"Why Twilio Stock Is Still Slumping<blockquote>为什么Twilio股价仍在暴跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100809123","media":"InvestorPlace","summary":"Twilio(NYSE:TWLO) is having a tough time pulling back from the tech wreck of 2021. The cloud communi","content":"<p><div> Twilio(NYSE:TWLO) is having a tough time pulling back from the tech wreck of 2021. The cloud communications platform as a service posted strong quarterly results. Active customer accounts grew. ...</p><p><blockquote><div>Twilio（纽约证券交易所股票代码：TWLO）正在艰难地从2021年的科技灾难中恢复过来。云通信平台即服务公布了强劲的季度业绩。活跃客户账户增长。...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/why-twilio-stock-is-still-slumping/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/why-twilio-stock-is-still-slumping/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Twilio Stock Is Still Slumping<blockquote>为什么Twilio股价仍在暴跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Twilio Stock Is Still Slumping<blockquote>为什么Twilio股价仍在暴跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-26 10:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Twilio(NYSE:TWLO) is having a tough time pulling back from the tech wreck of 2021. The cloud communications platform as a service posted strong quarterly results. Active customer accounts grew. ...</p><p><blockquote><div>Twilio（纽约证券交易所股票代码：TWLO）正在艰难地从2021年的科技灾难中恢复过来。云通信平台即服务公布了强劲的季度业绩。活跃客户账户增长。...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/why-twilio-stock-is-still-slumping/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/why-twilio-stock-is-still-slumping/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/why-twilio-stock-is-still-slumping/\">InvestorPlace</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWLO":"Twilio Inc"},"source_url":"https://investorplace.com/2021/12/why-twilio-stock-is-still-slumping/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100809123","content_text":"Twilio(NYSE:TWLO) is having a tough time pulling back from the tech wreck of 2021. The cloud communications platform as a service posted strong quarterly results. Active customer accounts grew. Investors of TWLO Stock, however, are in for a big surprise.\nThe company initiated fourth-quarter guidance, which included non-GAAP losses. Since November, investors of  TWLO stock faced downward selling pressure after investors shunned high valuation stocks. Despite the volatility, why is Twilio a compelling worthwhile long-term investment?\nTWLO Stock Under Pressure\nTwilio announced third-quarter revenue of $740.2 million. Losses almost doubled from $112.3 million last year to $232.3 million. Still, on a non-GAAP EPS basis, it earned a penny, or $8.2 million. Even after losing 10% of its value in the month and 40% from 52-week highs, the market capitalization is almost $50 billion. Investors are nervous that the small profit will not rise in the coming quarters.\nFortunately, Twilio’s quarter revenue is growing consistently in the low 60% range. Revenue growthof 46% in Q2/2020(slide 5) is a low point. Given the increasing uncertainties from Covid-19, markets are worried that Twilio’s business growth may lose momentum. Omicron is confusing investors. They are not sure that business customers will face a slowdown. That would hurt Twilio’s strong active customer account growth.\nModest Slowdown\nIn Q3, Twilio’s dollar-based net expansion rate fell slightly, from 137% in Q3/2020 to 131%. After it acquired Zipwhip and Segment, completed in July 2021for $850 million, its communications platform should attract growth.\nSimon Khalaf, SVP and general manager of the Twilio Communications Platform, said that Zipwhip would leverage Twilio’s messaging expertise across its channels. The unit will suit customers of all sizes since they will get a suite of messaging offerings.\nLast year,Twilio acquired Segment. It wrapped up the$3.2 billion purchase quickly. Segment adds developer tools to the platform. Twilio benefits from having a set of communication APIs (application programming interfaces). Segment focuses on interacting with customers and managing that data.\nOpportunity For TWLO Stock\nTwilio will sustain organic growth of at least 30% or more in the next three years. It has broad exposure geographically. Segment demonstrated strong quarterly performance. This gives management the confidence that its business momentum will continue.\nThe company has a vision of becoming a leading customer engagement platform. It will get there by following its product roadmap in the next few years. It has plenty of cash on hand ($1.497 billion as of Sept. 30, 2021) for mergers in acquisitions. After a few big purchases in the last year, Twilio will take its time to acquire other firms to fuel growth.\nSince company targets still trade at premiums, Twilio will be selective about its opportunities. It has a solid technology stack. It will pursue any outside solutions that add to the platform at the right price. For now, the firm will capture more of its addressable market by providing digital transformation solutions for customers.\nIn 2022, Twilio will turn its attention to developing its customer engagement platform. This includes growing customer awareness forTwilio Engage. This is an omnichannel growth platform. Customers may build and optimize marketing campaigns using its tools, analytics, and data integrations.\nRisks\nApple’s advertising identifier advertisers, called IDFA, may potentially limit a customer’s view of data. Still, Twilio believes it will provide the antidote to IDFA tag changes. For example, its customers will have first-party signals from customers as opposed to third-party data.\nAt a macro level, the company will help its customers grow its relationships with their customers. Business customers have not only Twilio’s messaging products but up-sold products like Segment. In 2022, its general availability rollout will lift revenue and profit margins.\nDowntrend Chart and Fair Value\nIn the chart below, Twilio stock is still working off bearish selling volume. It faces resistance at the 50-day and 200-day simple moving average.On Wall Street, 18 out of 19 analysts rate TWLO shares as a buy. The price target ranges from $350 to $550,according to Tipranks. The analyst support for Twilio’s prospects could lead to buyers returning to the stock early next year.\nYour Takeaway\nOver-priced software stocks are in a bear market. Twilio is a marketing and communications platform that posted its first quarterly revenue. After adding new features and rolling out the improved solution in 2022, growth could expand. Investors should keep this stock on the radar.\nInvestors cannot time when the selling pressure will end. Look for the widely-held value software stocks to rebound first. If the Nasdaq accompanies that uptrend, TWLO stock recovery will soon follow.","news_type":1,"symbols_score_info":{"TWLO":0.9}},"isVote":1,"tweetType":1,"viewCount":874,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698596951,"gmtCreate":1640437220599,"gmtModify":1640437220864,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"yes but doesnt mean stock price will remain the same","listText":"yes but doesnt mean stock price will remain the same","text":"yes but doesnt mean stock price will remain the same","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698596951","repostId":"2193317305","repostType":4,"isVote":1,"tweetType":1,"viewCount":915,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698135314,"gmtCreate":1640315633859,"gmtModify":1640316244558,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"wow time to take profits for a quick christmas present","listText":"wow time to take profits for a quick christmas present","text":"wow time to take profits for a quick christmas present","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698135314","repostId":"2193078140","repostType":4,"isVote":1,"tweetType":1,"viewCount":1219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691668579,"gmtCreate":1640184874304,"gmtModify":1640185123058,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"oops","listText":"oops","text":"oops","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691668579","repostId":"1188142807","repostType":4,"repost":{"id":"1188142807","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1640181395,"share":"https://www.laohu8.com/m/news/1188142807?lang=zh_CN&edition=full","pubTime":"2021-12-22 21:56","market":"us","language":"en","title":"10 Biggest Price Target Changes For Wednesday<blockquote>周三10个最大价格目标变化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1188142807","media":"Benzinga","summary":"Barclays lifted the price target on FactSet Research Systems Inc. from $450 to $550. FactSet Researc","content":"<p><ul>  <li>Barclays lifted the price target on&nbsp;<b>FactSet Research Systems Inc.</b>&nbsp;from $450 to $550. FactSet Research shares rose 1.1% to $479.89 in pre-market trading.</li>  <li>HC Wainwright &amp; Co. raised the price target on&nbsp;<b>Chimerix, Inc.</b>&nbsp;from $21 to $24. Chimerix shares rose 4.4% to $6.42 in pre-market trading.</li>  <li>Bernstein raised&nbsp;<b>PACCAR Inc</b>&nbsp;price target from $94 to $98. PACCAR shares rose 0.8% to $84.04 in pre-market trading.</li>  <li>Jefferies cut&nbsp;<b>Adagio Therapeutics, Inc.</b>&nbsp;price target from $46 to $10. Adagio Therapeutics shares dipped 7.3% to $9.54 in pre-market trading.</li>  <li>Barclays boosted the price target for&nbsp;<b>NIKE, Inc.</b>&nbsp;from $185 to $195. NIKE shares rose 0.2% to $166.98 in pre-market trading.</li>  <li>Needham lowered the price target on&nbsp;<b>Cognyte Software Ltd.</b>&nbsp;from $36 to $19. Cognyte Software shares fell 1% to $15.54 in pre-market trading.</li>  <li>Jefferies cut&nbsp;<b>ALX Oncology Holdings Inc.</b>&nbsp;price target from $65 to $25. ALX Oncology Holdings shares fell 1.5% to $22.57 in pre-market trading.</li>  <li>Bernstein reduced the price target for&nbsp;<b>AGCO Corporation</b>&nbsp;from $177 to $127. AGCO shares fell 1% to $112.95 in pre-market trading.</li>  <li>RBC Capital raised&nbsp;<b>Consolidated Edison, Inc.</b>&nbsp;price target from $78 to $85. Consolidated Edison shares fell 0.8% to close at $83.37 on Tuesday.</li>  <li>Oppenheimer cut&nbsp;<b>Biogen Inc.</b>&nbsp;price target from $390 to $350. Biogen shares fell 0.1% to $234.50 in pre-market trading.</li> </ul></p><p><blockquote><ul><li>巴克莱上调目标价<b>FactSet研究系统公司。</b>从450美元到550美元。FactSet Research股价在盘前交易中上涨1.1%，至479.89美元。</li><li>HC Wainwright&amp;Co.上调目标价<b>奇梅里克斯公司。</b>从21美元到24美元。Chimerix股价在盘前交易中上涨4.4%至6.42美元。</li><li>伯恩斯坦提出<b>帕卡尔公司</b>目标价为94美元至98美元。PACCAR股价在盘前交易中上涨0.8%至84.04美元。</li><li>杰弗里斯削减<b>柔板治疗公司。</b>目标价为46美元至10美元。Adagio Therapeutics股价在盘前交易中下跌7.3%至9.54美元。</li><li>巴克莱提高了目标价<b>耐克公司。</b>从185美元到195美元。耐克股价在盘前交易中上涨0.2%，至166.98美元。</li><li>Needham将目标价下调至<b>科尼特软件有限公司。</b>从36美元到19美元。Cognyte Software股价在盘前交易中下跌1%，至15.54美元。</li><li>杰弗里斯削减<b>ALX肿瘤控股公司。</b>目标价为65美元至25美元。ALX Oncology Holdings股价在盘前交易中下跌1.5%至22.57美元。</li><li>伯恩斯坦降低了目标价<b>AGCO公司</b>从177美元到127美元。爱科股价在盘前交易中下跌1%，至112.95美元。</li><li>加拿大皇家银行筹集的资金<b>联合爱迪生公司。</b>目标价为78美元至85美元。联合爱迪生公司股价周二下跌0.8%，收于83.37美元。</li><li>奥本海默切<b>百健公司。</b>目标价从390美元到350美元。Biogen股价在盘前交易中下跌0.1%，至234.50美元。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Biggest Price Target Changes For Wednesday<blockquote>周三10个最大价格目标变化</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\">\n10 Biggest Price Target Changes For Wednesday<blockquote>周三10个最大价格目标变化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-12-22 21:56</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Barclays lifted the price target on&nbsp;<b>FactSet Research Systems Inc.</b>&nbsp;from $450 to $550. FactSet Research shares rose 1.1% to $479.89 in pre-market trading.</li>  <li>HC Wainwright &amp; Co. raised the price target on&nbsp;<b>Chimerix, Inc.</b>&nbsp;from $21 to $24. Chimerix shares rose 4.4% to $6.42 in pre-market trading.</li>  <li>Bernstein raised&nbsp;<b>PACCAR Inc</b>&nbsp;price target from $94 to $98. PACCAR shares rose 0.8% to $84.04 in pre-market trading.</li>  <li>Jefferies cut&nbsp;<b>Adagio Therapeutics, Inc.</b>&nbsp;price target from $46 to $10. Adagio Therapeutics shares dipped 7.3% to $9.54 in pre-market trading.</li>  <li>Barclays boosted the price target for&nbsp;<b>NIKE, Inc.</b>&nbsp;from $185 to $195. NIKE shares rose 0.2% to $166.98 in pre-market trading.</li>  <li>Needham lowered the price target on&nbsp;<b>Cognyte Software Ltd.</b>&nbsp;from $36 to $19. Cognyte Software shares fell 1% to $15.54 in pre-market trading.</li>  <li>Jefferies cut&nbsp;<b>ALX Oncology Holdings Inc.</b>&nbsp;price target from $65 to $25. ALX Oncology Holdings shares fell 1.5% to $22.57 in pre-market trading.</li>  <li>Bernstein reduced the price target for&nbsp;<b>AGCO Corporation</b>&nbsp;from $177 to $127. AGCO shares fell 1% to $112.95 in pre-market trading.</li>  <li>RBC Capital raised&nbsp;<b>Consolidated Edison, Inc.</b>&nbsp;price target from $78 to $85. Consolidated Edison shares fell 0.8% to close at $83.37 on Tuesday.</li>  <li>Oppenheimer cut&nbsp;<b>Biogen Inc.</b>&nbsp;price target from $390 to $350. Biogen shares fell 0.1% to $234.50 in pre-market trading.</li> </ul></p><p><blockquote><ul><li>巴克莱上调目标价<b>FactSet研究系统公司。</b>从450美元到550美元。FactSet Research股价在盘前交易中上涨1.1%，至479.89美元。</li><li>HC Wainwright&amp;Co.上调目标价<b>奇梅里克斯公司。</b>从21美元到24美元。Chimerix股价在盘前交易中上涨4.4%至6.42美元。</li><li>伯恩斯坦提出<b>帕卡尔公司</b>目标价为94美元至98美元。PACCAR股价在盘前交易中上涨0.8%至84.04美元。</li><li>杰弗里斯削减<b>柔板治疗公司。</b>目标价为46美元至10美元。Adagio Therapeutics股价在盘前交易中下跌7.3%至9.54美元。</li><li>巴克莱提高了目标价<b>耐克公司。</b>从185美元到195美元。耐克股价在盘前交易中上涨0.2%，至166.98美元。</li><li>Needham将目标价下调至<b>科尼特软件有限公司。</b>从36美元到19美元。Cognyte Software股价在盘前交易中下跌1%，至15.54美元。</li><li>杰弗里斯削减<b>ALX肿瘤控股公司。</b>目标价为65美元至25美元。ALX Oncology Holdings股价在盘前交易中下跌1.5%至22.57美元。</li><li>伯恩斯坦降低了目标价<b>AGCO公司</b>从177美元到127美元。爱科股价在盘前交易中下跌1%，至112.95美元。</li><li>加拿大皇家银行筹集的资金<b>联合爱迪生公司。</b>目标价为78美元至85美元。联合爱迪生公司股价周二下跌0.8%，收于83.37美元。</li><li>奥本海默切<b>百健公司。</b>目标价从390美元到350美元。Biogen股价在盘前交易中下跌0.1%，至234.50美元。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIIB":"渤健公司","PCAR":"帕卡","ED":"爱迪生联合电气","AGCO":"爱科集团","CMRX":"Chimerix Inc.","FDS":"辉盛研究系统","NKE":"耐克","CGNT":"Cognyte Software Ltd.","ALXO":"ALX Oncology Holdings"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188142807","content_text":"Barclays lifted the price target on FactSet Research Systems Inc. from $450 to $550. FactSet Research shares rose 1.1% to $479.89 in pre-market trading.\nHC Wainwright & Co. raised the price target on Chimerix, Inc. from $21 to $24. Chimerix shares rose 4.4% to $6.42 in pre-market trading.\nBernstein raised PACCAR Inc price target from $94 to $98. PACCAR shares rose 0.8% to $84.04 in pre-market trading.\nJefferies cut Adagio Therapeutics, Inc. price target from $46 to $10. Adagio Therapeutics shares dipped 7.3% to $9.54 in pre-market trading.\nBarclays boosted the price target for NIKE, Inc. from $185 to $195. NIKE shares rose 0.2% to $166.98 in pre-market trading.\nNeedham lowered the price target on Cognyte Software Ltd. from $36 to $19. Cognyte Software shares fell 1% to $15.54 in pre-market trading.\nJefferies cut ALX Oncology Holdings Inc. price target from $65 to $25. ALX Oncology Holdings shares fell 1.5% to $22.57 in pre-market trading.\nBernstein reduced the price target for AGCO Corporation from $177 to $127. AGCO shares fell 1% to $112.95 in pre-market trading.\nRBC Capital raised Consolidated Edison, Inc. price target from $78 to $85. Consolidated Edison shares fell 0.8% to close at $83.37 on Tuesday.\nOppenheimer cut Biogen Inc. price target from $390 to $350. Biogen shares fell 0.1% to $234.50 in pre-market trading.","news_type":1,"symbols_score_info":{"NKE":0.9,"CMRX":0.9,"ED":0.9,"CGNT":0.9,"ALXO":0.9,"FDS":0.9,"ADGI":0.9,"BIIB":0.9,"PCAR":0.9,"AGCO":0.9}},"isVote":1,"tweetType":1,"viewCount":980,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693459765,"gmtCreate":1640068030188,"gmtModify":1640068030509,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"HELLA BULLISH!!","listText":"HELLA BULLISH!!","text":"HELLA BULLISH!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693459765","repostId":"1112391676","repostType":4,"repost":{"id":"1112391676","kind":"news","pubTimestamp":1640056217,"share":"https://www.laohu8.com/m/news/1112391676?lang=zh_CN&edition=full","pubTime":"2021-12-21 11:10","market":"us","language":"en","title":"Apple Stock: If You're Buying the Dip, Here's What You Need to Know<blockquote>苹果股票：如果您逢低买入，以下是您需要了解的内容</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112391676","media":"TheStreet","summary":"Bargain hunters may start to consider buying Apple stock on the dip, following the December selloff. Here is what they should know first.Apple stock remains in a funk. Only one week to the dayafter I tossed around the ideaof trimming the position, shares of the Cupertino company dipped 7% from the $180 peak against the Nasdaq’s 4% decline, nearly entering correction territory.A few brave investors and traders must be taking this opportunity to start buying the dip. The Apple Maven highlights thr","content":"<p>Bargain hunters may start to consider buying Apple stock on the dip, following the December selloff. Here is what they should know first.</p><p><blockquote>继12月抛售之后，逢低买入苹果股票的人可能会开始考虑逢低买入。以下是他们首先应该知道的。</blockquote></p><p> Apple stock&nbsp;remains in a funk. Only one week to the dayafter I tossed around the ideaof trimming the position, shares of the Cupertino company dipped 7% from the $180 peak against the Nasdaq’s 4% decline, nearly entering correction territory.</p><p><blockquote>苹果股票仍然处于恐慌状态。就在我提出削减头寸的想法一周后，这家库比蒂诺公司的股价从180美元的峰值下跌了7%，而纳斯达克则下跌了4%，几乎进入回调区域。</blockquote></p><p> A few brave investors and traders must be taking this opportunity to start buying the dip. The Apple Maven highlights three facts that these bargain hunters should keep in mind.</p><p><blockquote>一些勇敢的投资者和交易者一定会借此机会开始逢低买入。这位苹果专家强调了这些抄底者应该记住的三个事实。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a182a349bbd4ca16a13dace221ec341e\" tg-width=\"1240\" tg-height=\"827\" width=\"100%\" height=\"auto\"><span>Figure 1: Apple store in China.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：苹果国内门店。</span></p></blockquote></p><p> <b>#1. Valuations are looking more attractive</b></p><p><blockquote><b>#1.估值看起来更具吸引力</b></blockquote></p><p> AAPL is far from being a dirt cheap stock. The price-to-earnings ratio today is still higher than it had been for at least the full decade prior to the start of the pandemic (see chart below). However, with the recent decline in share price but still resilient business fundamentals, valuations are starting to look more compelling.</p><p><blockquote>苹果公司远非一只非常便宜的股票。如今的市盈率仍高于疫情开始前至少整整十年的水平（见下图）。然而，随着近期股价下跌但业务基本面仍有弹性，估值开始看起来更具吸引力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75ae50cce66d14520a3db0ce721b79a3\" tg-width=\"827\" tg-height=\"389\" width=\"100%\" height=\"auto\"><span>Figure 2: AAPL's historical price-to-earnings ratio.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：AAPL的历史市盈率。</span></p></blockquote></p><p> The last read on the graph above shows a P/E of 29.0 times as of November 30. As of last check, on December 20, the fiscal 2022 multiple had dropped to 27.5 times. These are roughly the same levels of June 2020, after which Apple stock moved 85% higher in a year and a half.</p><p><blockquote>上图的最后一次读数显示，截至11月30日，市盈率为29.0倍。截至12月20日上次检查，2022财年市盈率已降至27.5倍。这些水平与2020年6月大致相同，此后苹果股价在一年半内上涨了85%。</blockquote></p><p> <b>#2. The deeper the hole, the higher the gains</b></p><p><blockquote><b>#2.洞越深，收益越高</b></blockquote></p><p> “Buy low, sell high”. The mantra may seem overly simplistic, but the strategy has worked wonders in the case of AAPL.</p><p><blockquote>“低买高卖”。这个口号可能看起来过于简单，但这一策略在苹果公司的案例中创造了奇迹。</blockquote></p><p> We have often mentioned here, on the Apple Maven channel, that shares of the Cupertino company&nbsp;do best when bought after a selloff. Historically, the one-year gains have been 22% when the stock is bought near a peak, but nearly 40% when bought after a 15% drawdown.</p><p><blockquote>我们在苹果Maven频道上经常提到，库比蒂诺公司的股票在抛售后买入时表现最好。从历史上看，当该股接近峰值时，一年涨幅为22%，但在下跌15%后买入时，一年涨幅接近40%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9439be7d48cbf04254a822d9d57576f3\" tg-width=\"601\" tg-height=\"361\" width=\"100%\" height=\"auto\"><span>Figure 3: Average one-year return on AAPL, by strategy.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图3：按策略划分的AAPL平均一年回报率。</span></p></blockquote></p><p> Could this time be different for dip buyers? I think not. To be clear, I do not believe that every stock is worth owning on weakness, as “40% of all stocks have&nbsp;suffered&nbsp;a permanent 70%-plus decline from their peak value”.</p><p><blockquote>对于逢低买入者来说，这次会有所不同吗？我不这么认为。需要明确的是，我不认为每只股票都值得在疲软时持有，因为“40%的股票从峰值永久下跌了70%以上”。</blockquote></p><p> But in the case of Apple, it is highly likely that share price will eventually head higher again, shaking off short-term bearishness and chasing the strong business fundamentals. Having the patience to wait for the next rally is crucial.</p><p><blockquote>但就苹果而言，股价最终极有可能再次走高，摆脱短期看跌情绪，追逐强劲的商业基本面。有耐心等待下一次反弹至关重要。</blockquote></p><p> <b>#3. Don’t underestimate volatility</b></p><p><blockquote><b>#3.不要低估波动性</b></blockquote></p><p> All the above sounds bullish at first glance, and an incentive to buy Apple at the current share price of around $168. But if doing so, I urge traders and investors to pay attention to volatility.</p><p><blockquote>乍一看，以上所有这些听起来都是看涨的，也是以目前168美元左右的股价买入苹果的动力。但如果这样做，我敦促交易者和投资者注意波动性。</blockquote></p><p> The emotional and psychological aspects of investing can be as important as the quantitative considerations, in my view. Those who buy dips must be willing to endure higher volatility, which has increased sharply for AAPL in the past few weeks — see below.</p><p><blockquote>在我看来，投资的情感和心理方面与定量考虑一样重要。那些逢低买入的人必须愿意忍受更高的波动性，过去几周苹果公司的波动性急剧增加——见下文。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eace3c9293acb54a4dc217debd6a44be\" tg-width=\"618\" tg-height=\"370\" width=\"100%\" height=\"auto\"><span>Figure 4: Annual volatility in AAPL, 1-month rolling.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图4：AAPL年度波动率，1个月滚动。</span></p></blockquote></p><p> Because Apple stock price is likely to ricochet in the short term, some might be tempted to sell their shares prematurely, should they drop well below current levels. If buying AAPL, be sure to have a clear exit strategy to avoid falling victim to spur-of-the-moment decisions.</p><p><blockquote>由于苹果股价可能会在短期内反弹，如果股价远低于当前水平，一些人可能会过早出售股票。如果购买AAPL，请务必制定明确的退出策略，以避免成为一时冲动决定的受害者。</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>Apple Stock: If You're Buying the Dip, Here's What You Need to Know<blockquote>苹果股票：如果您逢低买入，以下是您需要了解的内容</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\">\nApple Stock: If You're Buying the Dip, Here's What You Need to Know<blockquote>苹果股票：如果您逢低买入，以下是您需要了解的内容</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-12-21 11:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Bargain hunters may start to consider buying Apple stock on the dip, following the December selloff. Here is what they should know first.</p><p><blockquote>继12月抛售之后，逢低买入苹果股票的人可能会开始考虑逢低买入。以下是他们首先应该知道的。</blockquote></p><p> Apple stock&nbsp;remains in a funk. Only one week to the dayafter I tossed around the ideaof trimming the position, shares of the Cupertino company dipped 7% from the $180 peak against the Nasdaq’s 4% decline, nearly entering correction territory.</p><p><blockquote>苹果股票仍然处于恐慌状态。就在我提出削减头寸的想法一周后，这家库比蒂诺公司的股价从180美元的峰值下跌了7%，而纳斯达克则下跌了4%，几乎进入回调区域。</blockquote></p><p> A few brave investors and traders must be taking this opportunity to start buying the dip. The Apple Maven highlights three facts that these bargain hunters should keep in mind.</p><p><blockquote>一些勇敢的投资者和交易者一定会借此机会开始逢低买入。这位苹果专家强调了这些抄底者应该记住的三个事实。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a182a349bbd4ca16a13dace221ec341e\" tg-width=\"1240\" tg-height=\"827\" width=\"100%\" height=\"auto\"><span>Figure 1: Apple store in China.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：苹果国内门店。</span></p></blockquote></p><p> <b>#1. Valuations are looking more attractive</b></p><p><blockquote><b>#1.估值看起来更具吸引力</b></blockquote></p><p> AAPL is far from being a dirt cheap stock. The price-to-earnings ratio today is still higher than it had been for at least the full decade prior to the start of the pandemic (see chart below). However, with the recent decline in share price but still resilient business fundamentals, valuations are starting to look more compelling.</p><p><blockquote>苹果公司远非一只非常便宜的股票。如今的市盈率仍高于疫情开始前至少整整十年的水平（见下图）。然而，随着近期股价下跌但业务基本面仍有弹性，估值开始看起来更具吸引力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75ae50cce66d14520a3db0ce721b79a3\" tg-width=\"827\" tg-height=\"389\" width=\"100%\" height=\"auto\"><span>Figure 2: AAPL's historical price-to-earnings ratio.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：AAPL的历史市盈率。</span></p></blockquote></p><p> The last read on the graph above shows a P/E of 29.0 times as of November 30. As of last check, on December 20, the fiscal 2022 multiple had dropped to 27.5 times. These are roughly the same levels of June 2020, after which Apple stock moved 85% higher in a year and a half.</p><p><blockquote>上图的最后一次读数显示，截至11月30日，市盈率为29.0倍。截至12月20日上次检查，2022财年市盈率已降至27.5倍。这些水平与2020年6月大致相同，此后苹果股价在一年半内上涨了85%。</blockquote></p><p> <b>#2. The deeper the hole, the higher the gains</b></p><p><blockquote><b>#2.洞越深，收益越高</b></blockquote></p><p> “Buy low, sell high”. The mantra may seem overly simplistic, but the strategy has worked wonders in the case of AAPL.</p><p><blockquote>“低买高卖”。这个口号可能看起来过于简单，但这一策略在苹果公司的案例中创造了奇迹。</blockquote></p><p> We have often mentioned here, on the Apple Maven channel, that shares of the Cupertino company&nbsp;do best when bought after a selloff. Historically, the one-year gains have been 22% when the stock is bought near a peak, but nearly 40% when bought after a 15% drawdown.</p><p><blockquote>我们在苹果Maven频道上经常提到，库比蒂诺公司的股票在抛售后买入时表现最好。从历史上看，当该股接近峰值时，一年涨幅为22%，但在下跌15%后买入时，一年涨幅接近40%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9439be7d48cbf04254a822d9d57576f3\" tg-width=\"601\" tg-height=\"361\" width=\"100%\" height=\"auto\"><span>Figure 3: Average one-year return on AAPL, by strategy.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图3：按策略划分的AAPL平均一年回报率。</span></p></blockquote></p><p> Could this time be different for dip buyers? I think not. To be clear, I do not believe that every stock is worth owning on weakness, as “40% of all stocks have&nbsp;suffered&nbsp;a permanent 70%-plus decline from their peak value”.</p><p><blockquote>对于逢低买入者来说，这次会有所不同吗？我不这么认为。需要明确的是，我不认为每只股票都值得在疲软时持有，因为“40%的股票从峰值永久下跌了70%以上”。</blockquote></p><p> But in the case of Apple, it is highly likely that share price will eventually head higher again, shaking off short-term bearishness and chasing the strong business fundamentals. Having the patience to wait for the next rally is crucial.</p><p><blockquote>但就苹果而言，股价最终极有可能再次走高，摆脱短期看跌情绪，追逐强劲的商业基本面。有耐心等待下一次反弹至关重要。</blockquote></p><p> <b>#3. Don’t underestimate volatility</b></p><p><blockquote><b>#3.不要低估波动性</b></blockquote></p><p> All the above sounds bullish at first glance, and an incentive to buy Apple at the current share price of around $168. But if doing so, I urge traders and investors to pay attention to volatility.</p><p><blockquote>乍一看，以上所有这些听起来都是看涨的，也是以目前168美元左右的股价买入苹果的动力。但如果这样做，我敦促交易者和投资者注意波动性。</blockquote></p><p> The emotional and psychological aspects of investing can be as important as the quantitative considerations, in my view. Those who buy dips must be willing to endure higher volatility, which has increased sharply for AAPL in the past few weeks — see below.</p><p><blockquote>在我看来，投资的情感和心理方面与定量考虑一样重要。那些逢低买入的人必须愿意忍受更高的波动性，过去几周苹果公司的波动性急剧增加——见下文。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eace3c9293acb54a4dc217debd6a44be\" tg-width=\"618\" tg-height=\"370\" width=\"100%\" height=\"auto\"><span>Figure 4: Annual volatility in AAPL, 1-month rolling.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图4：AAPL年度波动率，1个月滚动。</span></p></blockquote></p><p> Because Apple stock price is likely to ricochet in the short term, some might be tempted to sell their shares prematurely, should they drop well below current levels. If buying AAPL, be sure to have a clear exit strategy to avoid falling victim to spur-of-the-moment decisions.</p><p><blockquote>由于苹果股价可能会在短期内反弹，如果股价远低于当前水平，一些人可能会过早出售股票。如果购买AAPL，请务必制定明确的退出策略，以避免成为一时冲动决定的受害者。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/apple/stock/apple-stock-3-key-facts-dip-buyers-must-know\">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":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/apple-stock-3-key-facts-dip-buyers-must-know","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112391676","content_text":"Bargain hunters may start to consider buying Apple stock on the dip, following the December selloff. Here is what they should know first.\nApple stock remains in a funk. Only one week to the dayafter I tossed around the ideaof trimming the position, shares of the Cupertino company dipped 7% from the $180 peak against the Nasdaq’s 4% decline, nearly entering correction territory.\nA few brave investors and traders must be taking this opportunity to start buying the dip. The Apple Maven highlights three facts that these bargain hunters should keep in mind.\nFigure 1: Apple store in China.\n#1. Valuations are looking more attractive\nAAPL is far from being a dirt cheap stock. The price-to-earnings ratio today is still higher than it had been for at least the full decade prior to the start of the pandemic (see chart below). However, with the recent decline in share price but still resilient business fundamentals, valuations are starting to look more compelling.\nFigure 2: AAPL's historical price-to-earnings ratio.\nThe last read on the graph above shows a P/E of 29.0 times as of November 30. As of last check, on December 20, the fiscal 2022 multiple had dropped to 27.5 times. These are roughly the same levels of June 2020, after which Apple stock moved 85% higher in a year and a half.\n#2. The deeper the hole, the higher the gains\n“Buy low, sell high”. The mantra may seem overly simplistic, but the strategy has worked wonders in the case of AAPL.\nWe have often mentioned here, on the Apple Maven channel, that shares of the Cupertino company do best when bought after a selloff. Historically, the one-year gains have been 22% when the stock is bought near a peak, but nearly 40% when bought after a 15% drawdown.\nFigure 3: Average one-year return on AAPL, by strategy.\nCould this time be different for dip buyers? I think not. To be clear, I do not believe that every stock is worth owning on weakness, as “40% of all stocks have suffered a permanent 70%-plus decline from their peak value”.\nBut in the case of Apple, it is highly likely that share price will eventually head higher again, shaking off short-term bearishness and chasing the strong business fundamentals. Having the patience to wait for the next rally is crucial.\n#3. Don’t underestimate volatility\nAll the above sounds bullish at first glance, and an incentive to buy Apple at the current share price of around $168. But if doing so, I urge traders and investors to pay attention to volatility.\nThe emotional and psychological aspects of investing can be as important as the quantitative considerations, in my view. Those who buy dips must be willing to endure higher volatility, which has increased sharply for AAPL in the past few weeks — see below.\nFigure 4: Annual volatility in AAPL, 1-month rolling.\nBecause Apple stock price is likely to ricochet in the short term, some might be tempted to sell their shares prematurely, should they drop well below current levels. If buying AAPL, be sure to have a clear exit strategy to avoid falling victim to spur-of-the-moment decisions.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693997415,"gmtCreate":1639958731320,"gmtModify":1639958731608,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"how long can it sustain this?","listText":"how long can it sustain this?","text":"how long can it sustain this?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693997415","repostId":"1168976539","repostType":4,"isVote":1,"tweetType":1,"viewCount":722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699423676,"gmtCreate":1639879354141,"gmtModify":1639879354425,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"interesting","listText":"interesting","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/699423676","repostId":"1156922518","repostType":4,"repost":{"id":"1156922518","kind":"news","pubTimestamp":1639871838,"share":"https://www.laohu8.com/m/news/1156922518?lang=zh_CN&edition=full","pubTime":"2021-12-19 07:57","market":"us","language":"en","title":"Watch these five electric vehicle models in 2022<blockquote>2022年看这五款电动车</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156922518","media":"Seeking Alpha","summary":"The electrification push in the auto industry became even more mainstream last week when Toyota Moto","content":"<p>The electrification push in the auto industry became even more mainstream last week when Toyota Motor (NYSE:TM) made its 30 by 30 announcement. The Japanese automaker says it will introduce 30 new all-electric cars by 2030, which places it on the same all-electric trajectory of Ford (NYSE:F), General Motors (NYSE:GM) and Volkswagen (OTCPK:VLKAF).</p><p><blockquote>上周，当丰田汽车（纽约证券交易所股票代码：TM）宣布30 x 30时，汽车行业的电气化推动变得更加主流。这家日本汽车制造商表示，到2030年将推出30款新型全电动汽车，这将使其与福特(NYSE：F)、通用汽车(NYSE：GM)和大众汽车(OTCPK：VLKAF)走上相同的全电动轨迹。</blockquote></p><p> Analysts say the rubber will meet the road next year for some of the major players as all-electric models battle for market share with demand tailwinds in place. Five EV models to watch for are listed below.</p><p><blockquote>分析师表示，随着全电动车型在需求顺风的情况下争夺市场份额，一些主要厂商的橡胶将于明年上市。下面列出了五款值得关注的电动汽车车型。</blockquote></p><p> (1) <a href=\"https://laohu8.com/S/TSLA\">Tesla </a> is promising to deliver the Cybertruck to customers by the end of 2022. The all-electric truck features range of up to 500 miles and is expected to price at around $40K. The 0-to-60 mph speed is listed at 2.5 seconds.</p><p><blockquote>(1)<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>承诺在2022年底前向客户交付Cybertruck。这款全电动卡车的续航里程可达500英里，预计售价约为4万美元。0至60英里/小时的速度为2.5秒。</blockquote></p><p> (2) The Lucid Air Pure is expected to come to the market by the end of the year with a range of up to 520 miles and price tag of $77,400. <a href=\"https://laohu8.com/S/LCID\">Lucid Group </a> hauled in the Motor Trend 2022 Car of the Year award for the highly-watched model.</p><p><blockquote>(2)Lucid Air Pure预计将于今年年底上市，续航里程可达520英里，售价为77,400美元。<a href=\"https://laohu8.com/S/LCID\">Lucid集团</a>凭借备受关注的车型荣获《汽车趋势》2022年度汽车奖。</blockquote></p><p> (3) <a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive </a> is expected to start delivering R1S SUVs during the early part of the year. The quad-motor will have a 0-to-60 mph time of around 3 seconds and be able to tow up to 7,700 pounds. The model will list at $70K.</p><p><blockquote>(3)<a href=\"https://laohu8.com/S/RIVN\">Rivian汽车</a>预计将于今年年初开始交付R1S SUV。四电机的0至60英里/小时加速时间约为3秒，能够牵引高达7,700磅的重量。该型号的售价为7万美元。</blockquote></p><p> (4) <a href=\"https://laohu8.com/S/F\">Ford </a> is set to introduce the all-electric F-150 Lightning by the middle of the year. The F-150 Lightning will have a range of 300 miles with an extended-range battery. The truck can also be used to power a house for three days, or up to ten days if the power is rationed slowly. A 0-to-60 mph speed of four seconds is being advertised. The electric truck will list at a base price of $39,974</p><p><blockquote>(4)<a href=\"https://laohu8.com/S/F\">福特</a>将于今年年中推出全电动F-150 Lightning。F-150 Lightning配备增程电池的续航里程为300英里。这辆卡车还可以用来为一所房子供电三天，如果电力配给缓慢，可以供电十天。广告宣传0至60英里/小时的速度为4秒。这款电动卡车的基本价格为39,974美元</blockquote></p><p> (5) <a href=\"https://laohu8.com/S/FSR\">Fisker </a> is scheduled to start production on the Ocean SUV in November and could make a delivery soon after. Early reviews could be critical in supporting Fisker's share price.</p><p><blockquote>(5)<a href=\"https://laohu8.com/S/FSR\">菲斯克</a>Ocean SUV计划于11月开始生产，并可能很快交付。早期审查对于支撑菲斯克的股价可能至关重要。</blockquote></p><p> By the end of 2022, expect plenty of talk about the arrival of the all-electric Chevy Silverado in 2023. Production timeline updates from Nikola (NASDAQ:NKLA) and Lordstown Motors (NASDAQ:RIDE) will also be critical in supporting bull cases.</p><p><blockquote>到2022年底，预计会有很多关于全电动雪佛兰索罗德将于2023年上市的讨论。Nikola（纳斯达克：NKLA）和Lordstown Motors（纳斯达克：RIDE）的生产时间表更新对于支持牛市案例也至关重要。</blockquote></p><p> Looking for some sleeper EV stocks that could emerge from the pack in 2022? Proterra (NASDAQ:PTRA) has been singled out as a possible EV beneficiary that is flying below the radar. Meanwhile, Hyundai (OTCPK:HYMTF) is considered a possible partner for Apple (NASDAQ:AAPL) on EVs. On a Seeking Alpha Quant Rating basis - ON Semi (NASDAQ:ON), Qualcomm (NASDAQ:QCOM) and Microchip Technology (NASDAQ:MCHP) are the EV semiconductor stocks to watch.</p><p><blockquote>寻找一些可能在2022年脱颖而出的电动汽车股票？Proterra（纳斯达克股票代码：PTRA）已被选为可能的电动汽车受益者，但却不为人知。与此同时，现代汽车（OTCPK：HYMTF）被认为是苹果（纳斯达克：AAPL）在电动汽车方面的可能合作伙伴。根据Seeking Alpha Quant评级，安森美（纳斯达克：ON）、高通（纳斯达克：QCOM）和Microchip Technology（纳斯达克：MCHP）是值得关注的电动汽车半导体股票。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Watch these five electric vehicle models in 2022<blockquote>2022年看这五款电动车</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\">\nWatch these five electric vehicle models in 2022<blockquote>2022年看这五款电动车</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-19 07:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The electrification push in the auto industry became even more mainstream last week when Toyota Motor (NYSE:TM) made its 30 by 30 announcement. The Japanese automaker says it will introduce 30 new all-electric cars by 2030, which places it on the same all-electric trajectory of Ford (NYSE:F), General Motors (NYSE:GM) and Volkswagen (OTCPK:VLKAF).</p><p><blockquote>上周，当丰田汽车（纽约证券交易所股票代码：TM）宣布30 x 30时，汽车行业的电气化推动变得更加主流。这家日本汽车制造商表示，到2030年将推出30款新型全电动汽车，这将使其与福特(NYSE：F)、通用汽车(NYSE：GM)和大众汽车(OTCPK：VLKAF)走上相同的全电动轨迹。</blockquote></p><p> Analysts say the rubber will meet the road next year for some of the major players as all-electric models battle for market share with demand tailwinds in place. Five EV models to watch for are listed below.</p><p><blockquote>分析师表示，随着全电动车型在需求顺风的情况下争夺市场份额，一些主要厂商的橡胶将于明年上市。下面列出了五款值得关注的电动汽车车型。</blockquote></p><p> (1) <a href=\"https://laohu8.com/S/TSLA\">Tesla </a> is promising to deliver the Cybertruck to customers by the end of 2022. The all-electric truck features range of up to 500 miles and is expected to price at around $40K. The 0-to-60 mph speed is listed at 2.5 seconds.</p><p><blockquote>(1)<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>承诺在2022年底前向客户交付Cybertruck。这款全电动卡车的续航里程可达500英里，预计售价约为4万美元。0至60英里/小时的速度为2.5秒。</blockquote></p><p> (2) The Lucid Air Pure is expected to come to the market by the end of the year with a range of up to 520 miles and price tag of $77,400. <a href=\"https://laohu8.com/S/LCID\">Lucid Group </a> hauled in the Motor Trend 2022 Car of the Year award for the highly-watched model.</p><p><blockquote>(2)Lucid Air Pure预计将于今年年底上市，续航里程可达520英里，售价为77,400美元。<a href=\"https://laohu8.com/S/LCID\">Lucid集团</a>凭借备受关注的车型荣获《汽车趋势》2022年度汽车奖。</blockquote></p><p> (3) <a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive </a> is expected to start delivering R1S SUVs during the early part of the year. The quad-motor will have a 0-to-60 mph time of around 3 seconds and be able to tow up to 7,700 pounds. The model will list at $70K.</p><p><blockquote>(3)<a href=\"https://laohu8.com/S/RIVN\">Rivian汽车</a>预计将于今年年初开始交付R1S SUV。四电机的0至60英里/小时加速时间约为3秒，能够牵引高达7,700磅的重量。该型号的售价为7万美元。</blockquote></p><p> (4) <a href=\"https://laohu8.com/S/F\">Ford </a> is set to introduce the all-electric F-150 Lightning by the middle of the year. The F-150 Lightning will have a range of 300 miles with an extended-range battery. The truck can also be used to power a house for three days, or up to ten days if the power is rationed slowly. A 0-to-60 mph speed of four seconds is being advertised. The electric truck will list at a base price of $39,974</p><p><blockquote>(4)<a href=\"https://laohu8.com/S/F\">福特</a>将于今年年中推出全电动F-150 Lightning。F-150 Lightning配备增程电池的续航里程为300英里。这辆卡车还可以用来为一所房子供电三天，如果电力配给缓慢，可以供电十天。广告宣传0至60英里/小时的速度为4秒。这款电动卡车的基本价格为39,974美元</blockquote></p><p> (5) <a href=\"https://laohu8.com/S/FSR\">Fisker </a> is scheduled to start production on the Ocean SUV in November and could make a delivery soon after. Early reviews could be critical in supporting Fisker's share price.</p><p><blockquote>(5)<a href=\"https://laohu8.com/S/FSR\">菲斯克</a>Ocean SUV计划于11月开始生产，并可能很快交付。早期审查对于支撑菲斯克的股价可能至关重要。</blockquote></p><p> By the end of 2022, expect plenty of talk about the arrival of the all-electric Chevy Silverado in 2023. Production timeline updates from Nikola (NASDAQ:NKLA) and Lordstown Motors (NASDAQ:RIDE) will also be critical in supporting bull cases.</p><p><blockquote>到2022年底，预计会有很多关于全电动雪佛兰索罗德将于2023年上市的讨论。Nikola（纳斯达克：NKLA）和Lordstown Motors（纳斯达克：RIDE）的生产时间表更新对于支持牛市案例也至关重要。</blockquote></p><p> Looking for some sleeper EV stocks that could emerge from the pack in 2022? Proterra (NASDAQ:PTRA) has been singled out as a possible EV beneficiary that is flying below the radar. Meanwhile, Hyundai (OTCPK:HYMTF) is considered a possible partner for Apple (NASDAQ:AAPL) on EVs. On a Seeking Alpha Quant Rating basis - ON Semi (NASDAQ:ON), Qualcomm (NASDAQ:QCOM) and Microchip Technology (NASDAQ:MCHP) are the EV semiconductor stocks to watch.</p><p><blockquote>寻找一些可能在2022年脱颖而出的电动汽车股票？Proterra（纳斯达克股票代码：PTRA）已被选为可能的电动汽车受益者，但却不为人知。与此同时，现代汽车（OTCPK：HYMTF）被认为是苹果（纳斯达克：AAPL）在电动汽车方面的可能合作伙伴。根据Seeking Alpha Quant评级，安森美（纳斯达克：ON）、高通（纳斯达克：QCOM）和Microchip Technology（纳斯达克：MCHP）是值得关注的电动汽车半导体股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3781486-watch-these-five-electric-vehicle-models-in-2022-and-these-five-sleeper-ev-stocks\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车","LCID":"Lucid Group Inc","RIVN":"Rivian Automotive, Inc.","FSR":"菲斯克","TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/news/3781486-watch-these-five-electric-vehicle-models-in-2022-and-these-five-sleeper-ev-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156922518","content_text":"The electrification push in the auto industry became even more mainstream last week when Toyota Motor (NYSE:TM) made its 30 by 30 announcement. The Japanese automaker says it will introduce 30 new all-electric cars by 2030, which places it on the same all-electric trajectory of Ford (NYSE:F), General Motors (NYSE:GM) and Volkswagen (OTCPK:VLKAF).\nAnalysts say the rubber will meet the road next year for some of the major players as all-electric models battle for market share with demand tailwinds in place. Five EV models to watch for are listed below.\n(1) Tesla  is promising to deliver the Cybertruck to customers by the end of 2022. The all-electric truck features range of up to 500 miles and is expected to price at around $40K. The 0-to-60 mph speed is listed at 2.5 seconds.\n(2) The Lucid Air Pure is expected to come to the market by the end of the year with a range of up to 520 miles and price tag of $77,400. Lucid Group  hauled in the Motor Trend 2022 Car of the Year award for the highly-watched model.\n(3) Rivian Automotive  is expected to start delivering R1S SUVs during the early part of the year. The quad-motor will have a 0-to-60 mph time of around 3 seconds and be able to tow up to 7,700 pounds. The model will list at $70K.\n(4) Ford  is set to introduce the all-electric F-150 Lightning by the middle of the year. The F-150 Lightning will have a range of 300 miles with an extended-range battery. The truck can also be used to power a house for three days, or up to ten days if the power is rationed slowly. A 0-to-60 mph speed of four seconds is being advertised. The electric truck will list at a base price of $39,974\n(5) Fisker  is scheduled to start production on the Ocean SUV in November and could make a delivery soon after. Early reviews could be critical in supporting Fisker's share price.\nBy the end of 2022, expect plenty of talk about the arrival of the all-electric Chevy Silverado in 2023. Production timeline updates from Nikola (NASDAQ:NKLA) and Lordstown Motors (NASDAQ:RIDE) will also be critical in supporting bull cases.\nLooking for some sleeper EV stocks that could emerge from the pack in 2022? Proterra (NASDAQ:PTRA) has been singled out as a possible EV beneficiary that is flying below the radar. Meanwhile, Hyundai (OTCPK:HYMTF) is considered a possible partner for Apple (NASDAQ:AAPL) on EVs. On a Seeking Alpha Quant Rating basis - ON Semi (NASDAQ:ON), Qualcomm (NASDAQ:QCOM) and Microchip Technology (NASDAQ:MCHP) are the EV semiconductor stocks to watch.","news_type":1,"symbols_score_info":{"FSR":0.9,"TSLA":0.9,"RIVN":0.9,"LCID":0.9,"F":0.9}},"isVote":1,"tweetType":1,"viewCount":1037,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699235074,"gmtCreate":1639805892842,"gmtModify":1639805893095,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"haiz so inconsistent","listText":"haiz so inconsistent","text":"haiz so inconsistent","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/699235074","repostId":"1109831591","repostType":4,"repost":{"id":"1109831591","kind":"news","pubTimestamp":1639804463,"share":"https://www.laohu8.com/m/news/1109831591?lang=zh_CN&edition=full","pubTime":"2021-12-18 13:14","market":"us","language":"en","title":"Why Pfizer and Johnson & Johnson Fell on Friday<blockquote>辉瑞和强生周五为何下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109831591","media":"Motley Fool","summary":"What happened\nTwo prominent U.S. coronavirus stocks ended the week on a down note. Pfizer and Johnso","content":"<p>What happened</p><p><blockquote>发生了什么</blockquote></p><p> Two prominent U.S. coronavirus stocks ended the week on a down note.&nbsp;<a href=\"https://laohu8.com/S/PFE\"><b>Pfizer</b></a>&nbsp;and&nbsp;<a href=\"https://laohu8.com/S/JNJ\"><b>Johnson &amp; Johnson</b></a>&nbsp;both fell on the day by nearly 3%. This followed a prominent investment bank's rather lukewarm take on their current prospects.</p><p><blockquote>两只著名的美国冠状病毒股票本周收盘下跌。<a href=\"https://laohu8.com/S/PFE\"><b>辉瑞</b></a>和<a href=\"https://laohu8.com/S/JNJ\"><b>强生公司</b></a>当日均跌近3%。此前，一家著名投资银行对其当前前景持相当冷淡的看法。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c6a2f152eebbe10f5ab65a99815f461c\" tg-width=\"975\" tg-height=\"637\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> <b>Goldman Sachs</b>&nbsp;analyst Chris Shibutani initiated coverage on Pfizer and Johnson &amp; Johnson on Friday, tagging both high-profile healthcare industry stocks with neutral recommendations.</p><p><blockquote><b>高盛</b>分析师Chris Shibutani周五开始对辉瑞和强生公司进行报道，对这两只备受瞩目的医疗保健行业股票给予中性推荐。</blockquote></p><p> Shibutani is concerned with what he considers to be Pfizer's somewhat cloudy future, despite the great success of the Comirnaty coronavirus vaccine it developed with Germanbiotech&nbsp;<b>BioNTech</b>.</p><p><blockquote>尽管辉瑞与德国生物技术公司开发的Comirnaty冠状病毒疫苗取得了巨大成功，但涩谷对他认为辉瑞的未来有些阴云密布感到担忧<b>BioNTech</b>.</blockquote></p><p> \"Our views on [Pfizer] come down to that we estimate around one-third of its current valuation is attributed to the COVID-19 vaccine and therapeutic [products], and we feel the trajectory for both remains highly uncertain,\" he wrote.</p><p><blockquote>他写道：“我们对[辉瑞]的看法归结为，我们估计其当前估值的三分之一左右归因于COVID-19疫苗和治疗[产品]，我们认为两者的发展轨迹仍然高度不确定。”</blockquote></p><p> As for Johnson &amp; Johnson, the prognosticator feels the stock is also fairly valued. However, he sounded a more optimistic note about the company's potential.</p><p><blockquote>至于强生公司，预言家认为该股的估值也相当合理。然而，他对公司的潜力持更为乐观的态度。</blockquote></p><p> \"With [Johnson &amp; Johnson] in the midst of transitions across several domains for the organization ... we see possibilities -- even within an organization of [Johnson &amp; Johnson]'s scale and scope -- for additional potentially disruptive opportunities to develop that could reshape the investment thesis, in our view,\" he wrote.</p><p><blockquote>“随着[强生]正处于组织多个领域的转型之中……我们看到了可能性——即使是在[强生]规模和范围的组织内——开发更多潜在的颠覆性机会在我们看来，这可能会重塑投资论点，”他写道。</blockquote></p><p> Last month, Johnson &amp; Johnson announced plans to spin off its sprawlingconsumer healthcare division.</p><p><blockquote>上个月，强生公司宣布计划剥离其庞大的消费者医疗保健部门。</blockquote></p><p> Shibutani's price target on Pfizer stock is $51 per share, and that for Johnson &amp; Johnson is $161.</p><p><blockquote>Shibutani对辉瑞股票的目标价为每股51美元，强生公司的目标价为每股161美元。</blockquote></p><p> Now what</p><p><blockquote>现在怎么办</blockquote></p><p> Pfizer and Johnson &amp; Johnson are certainly heading into some uncertain waters -- both with the coronavirus and, in the latter company's case, the apparently looming spinoff. To my mind, though, the two companies have plenty of strength in numerous product areas outside of their respective vaccines, so investors shouldn't be too discouraged by Goldman Sachs' latest evaluations.</p><p><blockquote>辉瑞和强生公司无疑正在进入一些不确定的水域——无论是冠状病毒，还是后者公司显然迫在眉睫的分拆。不过，在我看来，这两家公司在各自疫苗之外的众多产品领域都拥有雄厚的实力，因此投资者不应因高盛的最新评估而过于气馁。</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>Why Pfizer and Johnson & Johnson Fell on Friday<blockquote>辉瑞和强生周五为何下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Pfizer and Johnson & Johnson Fell on Friday<blockquote>辉瑞和强生周五为何下跌</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\">2021-12-18 13:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What happened</p><p><blockquote>发生了什么</blockquote></p><p> Two prominent U.S. coronavirus stocks ended the week on a down note.&nbsp;<a href=\"https://laohu8.com/S/PFE\"><b>Pfizer</b></a>&nbsp;and&nbsp;<a href=\"https://laohu8.com/S/JNJ\"><b>Johnson &amp; Johnson</b></a>&nbsp;both fell on the day by nearly 3%. This followed a prominent investment bank's rather lukewarm take on their current prospects.</p><p><blockquote>两只著名的美国冠状病毒股票本周收盘下跌。<a href=\"https://laohu8.com/S/PFE\"><b>辉瑞</b></a>和<a href=\"https://laohu8.com/S/JNJ\"><b>强生公司</b></a>当日均跌近3%。此前，一家著名投资银行对其当前前景持相当冷淡的看法。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c6a2f152eebbe10f5ab65a99815f461c\" tg-width=\"975\" tg-height=\"637\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> So what</p><p><blockquote>那又怎样</blockquote></p><p> <b>Goldman Sachs</b>&nbsp;analyst Chris Shibutani initiated coverage on Pfizer and Johnson &amp; Johnson on Friday, tagging both high-profile healthcare industry stocks with neutral recommendations.</p><p><blockquote><b>高盛</b>分析师Chris Shibutani周五开始对辉瑞和强生公司进行报道，对这两只备受瞩目的医疗保健行业股票给予中性推荐。</blockquote></p><p> Shibutani is concerned with what he considers to be Pfizer's somewhat cloudy future, despite the great success of the Comirnaty coronavirus vaccine it developed with Germanbiotech&nbsp;<b>BioNTech</b>.</p><p><blockquote>尽管辉瑞与德国生物技术公司开发的Comirnaty冠状病毒疫苗取得了巨大成功，但涩谷对他认为辉瑞的未来有些阴云密布感到担忧<b>BioNTech</b>.</blockquote></p><p> \"Our views on [Pfizer] come down to that we estimate around one-third of its current valuation is attributed to the COVID-19 vaccine and therapeutic [products], and we feel the trajectory for both remains highly uncertain,\" he wrote.</p><p><blockquote>他写道：“我们对[辉瑞]的看法归结为，我们估计其当前估值的三分之一左右归因于COVID-19疫苗和治疗[产品]，我们认为两者的发展轨迹仍然高度不确定。”</blockquote></p><p> As for Johnson &amp; Johnson, the prognosticator feels the stock is also fairly valued. However, he sounded a more optimistic note about the company's potential.</p><p><blockquote>至于强生公司，预言家认为该股的估值也相当合理。然而，他对公司的潜力持更为乐观的态度。</blockquote></p><p> \"With [Johnson &amp; Johnson] in the midst of transitions across several domains for the organization ... we see possibilities -- even within an organization of [Johnson &amp; Johnson]'s scale and scope -- for additional potentially disruptive opportunities to develop that could reshape the investment thesis, in our view,\" he wrote.</p><p><blockquote>“随着[强生]正处于组织多个领域的转型之中……我们看到了可能性——即使是在[强生]规模和范围的组织内——开发更多潜在的颠覆性机会在我们看来，这可能会重塑投资论点，”他写道。</blockquote></p><p> Last month, Johnson &amp; Johnson announced plans to spin off its sprawlingconsumer healthcare division.</p><p><blockquote>上个月，强生公司宣布计划剥离其庞大的消费者医疗保健部门。</blockquote></p><p> Shibutani's price target on Pfizer stock is $51 per share, and that for Johnson &amp; Johnson is $161.</p><p><blockquote>Shibutani对辉瑞股票的目标价为每股51美元，强生公司的目标价为每股161美元。</blockquote></p><p> Now what</p><p><blockquote>现在怎么办</blockquote></p><p> Pfizer and Johnson &amp; Johnson are certainly heading into some uncertain waters -- both with the coronavirus and, in the latter company's case, the apparently looming spinoff. To my mind, though, the two companies have plenty of strength in numerous product areas outside of their respective vaccines, so investors shouldn't be too discouraged by Goldman Sachs' latest evaluations.</p><p><blockquote>辉瑞和强生公司无疑正在进入一些不确定的水域——无论是冠状病毒，还是后者公司显然迫在眉睫的分拆。不过，在我看来，这两家公司在各自疫苗之外的众多产品领域都拥有雄厚的实力，因此投资者不应因高盛的最新评估而过于气馁。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/17/why-pfizer-and-johnson-johnson-fell-on-friday/\">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":{"JNJ":"强生","PFE":"辉瑞"},"source_url":"https://www.fool.com/investing/2021/12/17/why-pfizer-and-johnson-johnson-fell-on-friday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109831591","content_text":"What happened\nTwo prominent U.S. coronavirus stocks ended the week on a down note. Pfizer and Johnson & Johnson both fell on the day by nearly 3%. This followed a prominent investment bank's rather lukewarm take on their current prospects.\n\nSo what\nGoldman Sachs analyst Chris Shibutani initiated coverage on Pfizer and Johnson & Johnson on Friday, tagging both high-profile healthcare industry stocks with neutral recommendations.\nShibutani is concerned with what he considers to be Pfizer's somewhat cloudy future, despite the great success of the Comirnaty coronavirus vaccine it developed with Germanbiotech BioNTech.\n\"Our views on [Pfizer] come down to that we estimate around one-third of its current valuation is attributed to the COVID-19 vaccine and therapeutic [products], and we feel the trajectory for both remains highly uncertain,\" he wrote.\nAs for Johnson & Johnson, the prognosticator feels the stock is also fairly valued. However, he sounded a more optimistic note about the company's potential.\n\"With [Johnson & Johnson] in the midst of transitions across several domains for the organization ... we see possibilities -- even within an organization of [Johnson & Johnson]'s scale and scope -- for additional potentially disruptive opportunities to develop that could reshape the investment thesis, in our view,\" he wrote.\nLast month, Johnson & Johnson announced plans to spin off its sprawlingconsumer healthcare division.\nShibutani's price target on Pfizer stock is $51 per share, and that for Johnson & Johnson is $161.\nNow what\nPfizer and Johnson & Johnson are certainly heading into some uncertain waters -- both with the coronavirus and, in the latter company's case, the apparently looming spinoff. To my mind, though, the two companies have plenty of strength in numerous product areas outside of their respective vaccines, so investors shouldn't be too discouraged by Goldman Sachs' latest evaluations.","news_type":1,"symbols_score_info":{"JNJ":0.9,"PFE":0.9}},"isVote":1,"tweetType":1,"viewCount":922,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690408622,"gmtCreate":1639698520659,"gmtModify":1639698520909,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585475029155588","idStr":"3585475029155588"},"themes":[],"htmlText":"yikes","listText":"yikes","text":"yikes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690408622","repostId":"2192920942","repostType":4,"isVote":1,"tweetType":1,"viewCount":1229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":605790151,"gmtCreate":1639239004276,"gmtModify":1639239004542,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"haiz nothing but red","listText":"haiz nothing but red","text":"haiz nothing but red","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/605790151","repostId":"2190275356","repostType":4,"isVote":1,"tweetType":1,"viewCount":496,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690677879,"gmtCreate":1639666906906,"gmtModify":1639666907521,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"woww managed to appeal to police","listText":"woww managed to appeal to police","text":"woww managed to appeal to police","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/690677879","repostId":"1181686014","repostType":4,"repost":{"id":"1181686014","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639666432,"share":"https://www.laohu8.com/m/news/1181686014?lang=zh_CN&edition=full","pubTime":"2021-12-16 22:53","market":"us","language":"en","title":"Tesla fell nearly 1% in morning trading though New York police would buy up to 250 all-electric Model 3 cars<blockquote>尽管纽约警方将购买多达250辆全电动Model 3汽车，但特斯拉早盘下跌近1%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181686014","media":"Tiger Newspress","summary":"Tesla fell nearly 1% in morning trading though New York police would buy up to 250 all-electric Mode","content":"<p>Tesla&nbsp;fell&nbsp;nearly&nbsp;1%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;though&nbsp;New York police&nbsp;would&nbsp;buy&nbsp;up to 250 all-electric Model 3 cars.<img src=\"https://static.tigerbbs.com/a88f381fe4239d26d1254d4f4745b1f0\" tg-width=\"771\" tg-height=\"568\" width=\"100%\" height=\"auto\">The New York City Police Department is considering buying up to 250 all-electric Model 3 cars from Tesla, which will enable these high-performance cars to be delivered to the largest police force in the United States.</p><p><blockquote>尽管纽约警方将购买多达250辆全电动Model 3汽车，但特斯拉早盘下跌近1%。纽约市警察局正在考虑从特斯拉购买多达250辆全电动Model 3汽车，这将使这些高性能汽车能够交付给美国最大的警察部队。</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>Tesla fell nearly 1% in morning trading though New York police would buy up to 250 all-electric Model 3 cars<blockquote>尽管纽约警方将购买多达250辆全电动Model 3汽车，但特斯拉早盘下跌近1%</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 fell nearly 1% in morning trading though New York police would buy up to 250 all-electric Model 3 cars<blockquote>尽管纽约警方将购买多达250辆全电动Model 3汽车，但特斯拉早盘下跌近1%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-16 22:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla&nbsp;fell&nbsp;nearly&nbsp;1%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;though&nbsp;New York police&nbsp;would&nbsp;buy&nbsp;up to 250 all-electric Model 3 cars.<img src=\"https://static.tigerbbs.com/a88f381fe4239d26d1254d4f4745b1f0\" tg-width=\"771\" tg-height=\"568\" width=\"100%\" height=\"auto\">The New York City Police Department is considering buying up to 250 all-electric Model 3 cars from Tesla, which will enable these high-performance cars to be delivered to the largest police force in the United States.</p><p><blockquote>尽管纽约警方将购买多达250辆全电动Model 3汽车，但特斯拉早盘下跌近1%。纽约市警察局正在考虑从特斯拉购买多达250辆全电动Model 3汽车，这将使这些高性能汽车能够交付给美国最大的警察部队。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181686014","content_text":"Tesla fell nearly 1% in morning trading though New York police would buy up to 250 all-electric Model 3 cars.The New York City Police Department is considering buying up to 250 all-electric Model 3 cars from Tesla, which will enable these high-performance cars to be delivered to the largest police force in the United States.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858984048,"gmtCreate":1634963545439,"gmtModify":1634963545880,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"insane","listText":"insane","text":"insane","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/858984048","repostId":"1166213725","repostType":4,"repost":{"id":"1166213725","kind":"news","pubTimestamp":1634948473,"share":"https://www.laohu8.com/m/news/1166213725?lang=zh_CN&edition=full","pubTime":"2021-10-23 08:21","market":"us","language":"en","title":"Tesla Stock Closed Above $900 for First Time. What Could Come Next.<blockquote>特斯拉股价首次收于900美元以上。接下来会发生什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166213725","media":"Barrons","summary":"Tesla stock hit a new all-time high in Friday trading, and closed at a record. The stock’s recent run has been incredible. How high can it go?Tesla  stock closed at $909.68, up about 1.8%. The S&P 500 dropped about 0.1%, while the Dow Jones Industrial Average added about 0.2%.Shares of the electric-vehicle giant have been boosted by strong deliveries and earnings. Shares also got a boost Friday from a credit upgrade at S&P. Tesla debt is now BB+ rated, one notch below investment grade.Tesla stoc","content":"<p>Tesla&nbsp;stock hit a new all-time high in Friday trading, and closed at a record. The stock’s recent run has been incredible. How high can it go?</p><p><blockquote>特斯拉股价在周五交易中创下历史新高，收盘价创历史新高。该股最近的走势令人难以置信。能涨到多高？</blockquote></p><p> Tesla (ticker: TSLA) stock closed at $909.68, up about 1.8%. The&nbsp;S&amp;P 500&nbsp;dropped about 0.1%, while the&nbsp;Dow Jones Industrial Average&nbsp;added about 0.2%.</p><p><blockquote>特斯拉（股票代码：TSLA）股价收于909.68美元，上涨约1.8%。标准普尔500指数下跌约0.1%，道琼斯工业平均指数上涨约0.2%。</blockquote></p><p> Shares of the electric-vehicle giant have been boosted by strong deliveries and earnings. Shares also got a boost Friday from a credit upgrade at S&amp;P. Tesla debt is now BB+ rated, one notch below investment grade.</p><p><blockquote>强劲的交付量和盈利提振了这家电动汽车巨头的股价。周五，标准普尔的信用升级也提振了股价。特斯拉债务目前评级为BB+，比投资级低一级。</blockquote></p><p> Tesla stock’s new 52-week intraday high is $910 on the nose. The old high-water mark of $900.40 was set on Jan. 25, according to Dow Jones Market Data. On Thursday, Tesla closed at a record for the first time since Jan. 26.</p><p><blockquote>特斯拉股价创52周盘中新高910美元。根据道琼斯市场数据，900.40美元的旧高水位是在1月25日创下的。周四，特斯拉自1月26日以来首次收于创纪录水平。</blockquote></p><p> Shares are up about 40% over the past three months, pushing the market cap to roughly $910 billion. (Tesla has about 1 billion shares outstanding, making the math easy.)</p><p><blockquote>过去三个月，股价上涨了约40%，市值达到约9100亿美元。（特斯拉拥有约10亿股已发行股票，这使得计算变得很容易。）</blockquote></p><p> Bulls, naturally, see more gains ahead. Wedbush analyst Dan Ives raised his bull-case Tesla stock price target to $1,500 from $1,300 after the company reported better-than-expected earnings on Wednesday.</p><p><blockquote>多头自然会看到未来会有更多收益。Wedbush分析师Dan Ives将牛市特斯拉股价目标从1300美元上调至1500美元，此前该公司周三公布了好于预期的财报。</blockquote></p><p> “Tesla is rising because earnings revisions are soaring,” points out Gary Black, managing partner of the Future Fund Active exchange-traded fund. Analyst estimates for Tesla’s 2022 earnings have risen to about $8 a share from $6 over the past few weeks. “Rising estimates drove Tesla to the moon in 2020. They will drive Tesla to $1,000-plus in 2022,” Black says.</p><p><blockquote>“特斯拉正在上涨，因为盈利修正正在飙升，”未来基金主动交易所交易基金管理合伙人Gary Black指出。过去几周，分析师对特斯拉2022年每股收益的预期已从每股6美元升至约8美元。“不断上涨的估值推动特斯拉在2020年登上了月球。它们将推动特斯拉在2022年达到1,000美元以上，”Black说。</blockquote></p><p> Ives rates Tesla stock Buy, and Tesla is the largest position in Black’s fund.</p><p><blockquote>Ives将特斯拉股票评级为买入，特斯拉是Black基金的最大持仓。</blockquote></p><p> Yes, there are still Tesla bears out there who believe the stock is overvalued. The bottom third of analyst price targets averages about $425, less than half of Friday’s close.</p><p><blockquote>是的，仍然有看空特斯拉的人认为该股被高估了。分析师目标价的底部三分之一平均约为425美元，不到周五收盘价的一半。</blockquote></p><p> Bears expect the sky-high valuation to give investors pause eventually. Stocks don’t usually fall just because investors, collectively, wake up one morning and feel differently about valuation. Something has to happen. The overall market could tumble, or the business could trip up. Analysts expect Tesla deliveries to grow to 1.3 million units in 2022 from about 890,000 units in 2021. Any hiccup to growth would be a negative catalyst for shares.</p><p><blockquote>看空者预计天价估值最终会让投资者犹豫不决。股票通常不会因为投资者集体某天早上醒来对估值有不同的感觉而下跌。总得有事发生。整体市场可能会暴跌，或者企业可能会陷入困境。分析师预计，特斯拉的交付量将从2021年的约89万辆增长到2022年的130万辆。增长的任何问题都将成为股市的负面催化剂。</blockquote></p><p> Whether the stock rises or falls in the short run is anyone’s guess. For now, though, the momentum belongs to Tesla bulls.</p><p><blockquote>该股短期内是上涨还是下跌，谁也说不准。不过，就目前而言，势头属于特斯拉多头。</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 Stock Closed Above $900 for First Time. What Could Come Next.<blockquote>特斯拉股价首次收于900美元以上。接下来会发生什么。</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 Stock Closed Above $900 for First Time. What Could Come Next.<blockquote>特斯拉股价首次收于900美元以上。接下来会发生什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-10-23 08:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla&nbsp;stock hit a new all-time high in Friday trading, and closed at a record. The stock’s recent run has been incredible. How high can it go?</p><p><blockquote>特斯拉股价在周五交易中创下历史新高，收盘价创历史新高。该股最近的走势令人难以置信。能涨到多高？</blockquote></p><p> Tesla (ticker: TSLA) stock closed at $909.68, up about 1.8%. The&nbsp;S&amp;P 500&nbsp;dropped about 0.1%, while the&nbsp;Dow Jones Industrial Average&nbsp;added about 0.2%.</p><p><blockquote>特斯拉（股票代码：TSLA）股价收于909.68美元，上涨约1.8%。标准普尔500指数下跌约0.1%，道琼斯工业平均指数上涨约0.2%。</blockquote></p><p> Shares of the electric-vehicle giant have been boosted by strong deliveries and earnings. Shares also got a boost Friday from a credit upgrade at S&amp;P. Tesla debt is now BB+ rated, one notch below investment grade.</p><p><blockquote>强劲的交付量和盈利提振了这家电动汽车巨头的股价。周五，标准普尔的信用升级也提振了股价。特斯拉债务目前评级为BB+，比投资级低一级。</blockquote></p><p> Tesla stock’s new 52-week intraday high is $910 on the nose. The old high-water mark of $900.40 was set on Jan. 25, according to Dow Jones Market Data. On Thursday, Tesla closed at a record for the first time since Jan. 26.</p><p><blockquote>特斯拉股价创52周盘中新高910美元。根据道琼斯市场数据，900.40美元的旧高水位是在1月25日创下的。周四，特斯拉自1月26日以来首次收于创纪录水平。</blockquote></p><p> Shares are up about 40% over the past three months, pushing the market cap to roughly $910 billion. (Tesla has about 1 billion shares outstanding, making the math easy.)</p><p><blockquote>过去三个月，股价上涨了约40%，市值达到约9100亿美元。（特斯拉拥有约10亿股已发行股票，这使得计算变得很容易。）</blockquote></p><p> Bulls, naturally, see more gains ahead. Wedbush analyst Dan Ives raised his bull-case Tesla stock price target to $1,500 from $1,300 after the company reported better-than-expected earnings on Wednesday.</p><p><blockquote>多头自然会看到未来会有更多收益。Wedbush分析师Dan Ives将牛市特斯拉股价目标从1300美元上调至1500美元，此前该公司周三公布了好于预期的财报。</blockquote></p><p> “Tesla is rising because earnings revisions are soaring,” points out Gary Black, managing partner of the Future Fund Active exchange-traded fund. Analyst estimates for Tesla’s 2022 earnings have risen to about $8 a share from $6 over the past few weeks. “Rising estimates drove Tesla to the moon in 2020. They will drive Tesla to $1,000-plus in 2022,” Black says.</p><p><blockquote>“特斯拉正在上涨，因为盈利修正正在飙升，”未来基金主动交易所交易基金管理合伙人Gary Black指出。过去几周，分析师对特斯拉2022年每股收益的预期已从每股6美元升至约8美元。“不断上涨的估值推动特斯拉在2020年登上了月球。它们将推动特斯拉在2022年达到1,000美元以上，”Black说。</blockquote></p><p> Ives rates Tesla stock Buy, and Tesla is the largest position in Black’s fund.</p><p><blockquote>Ives将特斯拉股票评级为买入，特斯拉是Black基金的最大持仓。</blockquote></p><p> Yes, there are still Tesla bears out there who believe the stock is overvalued. The bottom third of analyst price targets averages about $425, less than half of Friday’s close.</p><p><blockquote>是的，仍然有看空特斯拉的人认为该股被高估了。分析师目标价的底部三分之一平均约为425美元，不到周五收盘价的一半。</blockquote></p><p> Bears expect the sky-high valuation to give investors pause eventually. Stocks don’t usually fall just because investors, collectively, wake up one morning and feel differently about valuation. Something has to happen. The overall market could tumble, or the business could trip up. Analysts expect Tesla deliveries to grow to 1.3 million units in 2022 from about 890,000 units in 2021. Any hiccup to growth would be a negative catalyst for shares.</p><p><blockquote>看空者预计天价估值最终会让投资者犹豫不决。股票通常不会因为投资者集体某天早上醒来对估值有不同的感觉而下跌。总得有事发生。整体市场可能会暴跌，或者企业可能会陷入困境。分析师预计，特斯拉的交付量将从2021年的约89万辆增长到2022年的130万辆。增长的任何问题都将成为股市的负面催化剂。</blockquote></p><p> Whether the stock rises or falls in the short run is anyone’s guess. For now, though, the momentum belongs to Tesla bulls.</p><p><blockquote>该股短期内是上涨还是下跌，谁也说不准。不过，就目前而言，势头属于特斯拉多头。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-stock-record-high-51634913773?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-stock-record-high-51634913773?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166213725","content_text":"Tesla stock hit a new all-time high in Friday trading, and closed at a record. The stock’s recent run has been incredible. How high can it go?\nTesla (ticker: TSLA) stock closed at $909.68, up about 1.8%. The S&P 500 dropped about 0.1%, while the Dow Jones Industrial Average added about 0.2%.\nShares of the electric-vehicle giant have been boosted by strong deliveries and earnings. Shares also got a boost Friday from a credit upgrade at S&P. Tesla debt is now BB+ rated, one notch below investment grade.\nTesla stock’s new 52-week intraday high is $910 on the nose. The old high-water mark of $900.40 was set on Jan. 25, according to Dow Jones Market Data. On Thursday, Tesla closed at a record for the first time since Jan. 26.\nShares are up about 40% over the past three months, pushing the market cap to roughly $910 billion. (Tesla has about 1 billion shares outstanding, making the math easy.)\nBulls, naturally, see more gains ahead. Wedbush analyst Dan Ives raised his bull-case Tesla stock price target to $1,500 from $1,300 after the company reported better-than-expected earnings on Wednesday.\n“Tesla is rising because earnings revisions are soaring,” points out Gary Black, managing partner of the Future Fund Active exchange-traded fund. Analyst estimates for Tesla’s 2022 earnings have risen to about $8 a share from $6 over the past few weeks. “Rising estimates drove Tesla to the moon in 2020. They will drive Tesla to $1,000-plus in 2022,” Black says.\nIves rates Tesla stock Buy, and Tesla is the largest position in Black’s fund.\nYes, there are still Tesla bears out there who believe the stock is overvalued. The bottom third of analyst price targets averages about $425, less than half of Friday’s close.\nBears expect the sky-high valuation to give investors pause eventually. Stocks don’t usually fall just because investors, collectively, wake up one morning and feel differently about valuation. Something has to happen. The overall market could tumble, or the business could trip up. Analysts expect Tesla deliveries to grow to 1.3 million units in 2022 from about 890,000 units in 2021. Any hiccup to growth would be a negative catalyst for shares.\nWhether the stock rises or falls in the short run is anyone’s guess. For now, though, the momentum belongs to Tesla bulls.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":475,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":807421466,"gmtCreate":1628051688055,"gmtModify":1633754014465,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"wow so unpredictable","listText":"wow so unpredictable","text":"wow so unpredictable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/807421466","repostId":"1124524228","repostType":4,"isVote":1,"tweetType":1,"viewCount":599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177164816,"gmtCreate":1627187705335,"gmtModify":1633767307956,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"giving SEA a try then","listText":"giving SEA a try then","text":"giving SEA a try then","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/177164816","repostId":"2153878189","repostType":4,"isVote":1,"tweetType":1,"viewCount":709,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":855006973,"gmtCreate":1635309301430,"gmtModify":1635309301581,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"i believe!!","listText":"i believe!!","text":"i believe!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/855006973","repostId":"1180564420","repostType":4,"repost":{"id":"1180564420","kind":"news","pubTimestamp":1635307299,"share":"https://www.laohu8.com/m/news/1180564420?lang=zh_CN&edition=full","pubTime":"2021-10-27 12:01","market":"us","language":"en","title":"These 8 money-losing stocks could bring you big gains come January<blockquote>这8只亏损股票可能会在一月份给你带来巨大收益</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180564420","media":"MarketWatch","summary":"How to profit from investors’ year-end tax-loss selling \nGetty Images\n\n\nTax-loss selling will disrup","content":"<p>How to profit from investors’ year-end tax-loss selling </p><p><blockquote>如何从投资者年终税损抛售中获利</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54f49f1e24483c4ede88397537fed796\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>盖蒂图片</span></p></blockquote></p><p> Tax-loss selling will disrupt stock markets between now and the end of the year — and shrewd buyers can profit from the chaos.</p><p><blockquote>从现在到年底，税收损失抛售将扰乱股市——精明的买家可以从混乱中获利。</blockquote></p><p> The cause of this turmoil is year-end tax-loss selling. This occurs when an investor sells a stock at loss in order to offset capital gains realized earlier in the year and on which capital gains tax would otherwise be due. Such selling needs to be completed before Dec. 31 in order to reduce 2021 taxes.</p><p><blockquote>这场动荡的原因是年终税收损失抛售。当投资者亏本出售股票以抵消今年早些时候实现的资本收益（否则应缴纳资本利得税）时，就会发生这种情况。此类出售需要在12月31日之前完成，以减少2021年的税收。</blockquote></p><p> To appreciate the big role that tax-loss selling plays as the new year approaches, consider the performance of a hypothetical portfolio containing the 10% of U.S. stocks with the lowest trailing-12 month returns, rebalanced monthly. The stocks in this portfolio should be the ones most susceptible to tax-loss selling.</p><p><blockquote>为了理解随着新年的临近，税收损失抛售所发挥的重要作用，请考虑一个假设的投资组合的表现，该投资组合包含过去12个月回报率最低的10%的美国股票，并每月重新平衡。该投资组合中的股票应该是最容易受到税收损失抛售影响的股票。</blockquote></p><p> Since 1927, according to data from Dartmouth professor Ken French, this “losers” portfolio does progressively worse as the end of the year approaches, as the chart below indicates.</p><p><blockquote>根据达特茅斯大学教授肯·弗伦奇的数据，自1927年以来，随着年底的临近，这种“失败者”投资组合的表现逐渐恶化，如下图所示。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/12e3b59139cb6d4691115a1d40802807\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The investment implication of this pattern depends on your time horizon. If you’re not a short-term trader, then the takeaway is that you should prepare for extra market volatility over the next two months. Resist the inclination to dump a stock because of artificial selling pressure having nothing to do with its fundamentals.</p><p><blockquote>这种模式的投资含义取决于你的时间范围。如果你不是短线交易者，那么你应该为未来两个月的额外市场波动做好准备。抵制因与基本面无关的人为抛售压力而抛售股票的倾向。</blockquote></p><p> For traders and short-term investors, there’s a separate investment implication — profit from others’ tax-loss selling. As the chart also shows, the stocks most punished by this selling tend to bounce back sharply in January. That makes sense, because tax-loss selling ends on Dec. 31; in January a huge weight is lifted off these already-beleaguered stocks, and many perform strongly.</p><p><blockquote>对于交易者和短期投资者来说，还有一个单独的投资含义——从其他人的税收损失抛售中获利。正如图表所示，受此次抛售影响最大的股票往往会在一月份大幅反弹。这是有道理的，因为税收损失销售将于12月31日结束；一月份，这些已经陷入困境的股票将摆脱巨大的压力，许多股票表现强劲。</blockquote></p><p> With that in mind, I constructed a list of stocks with attractive longer-term prospects that are also losers for the year through Oct. 22. There’s a good chance that tax-loss selling will significantly depress their returns between now and the end of the year, enabling traders to pick up a few of them at bargain prices.</p><p><blockquote>考虑到这一点，我列出了一份具有有吸引力的长期前景的股票名单，这些股票在截至10月22日的一年中也是输家。从现在到年底，税收损失抛售很可能会显着压低他们的回报，使交易者能够以低价买入一些股票。</blockquote></p><p> You might consider placing buy limits well-below the current market on a basket of them, in hopes that a couple of them get filled. If history is any guide, these stocks stand a good chance of rebounding significantly in January.</p><p><blockquote>你可以考虑对一篮子股票设定远低于当前市场的买入限额，希望其中一些股票能被填补。如果以史为鉴，这些股票很有可能在一月份大幅反弹。</blockquote></p><p> To construct the table below, I started with a list of stocks in the S&amp;P 1500 index that were losers through the close of trading on Oct. 22. I narrowed the list further to include only those that are currently recommended by two or more of the top-performing investment newsletters that my auditing firm monitors.</p><p><blockquote>为了构建下表，我首先列出了截至10月22日收盘时S&amp;P 1500指数中下跌的股票。我进一步缩小了名单，只包括我的审计公司监控的两份或多份表现最佳的投资通讯目前推荐的那些。</blockquote></p><p> <table>  <tbody>   <tr>    <td><b>Stock</b></td>    <td><b>YTD</b> %</td>    <td><b># Newsletters recommending</b></td>   </tr>   <tr>    <td>Bristol-Myers Squibb Company </td>    <td>-5.0%</td>    <td>2</td>   </tr>   <tr>    <td>Cardinal Health, Inc. </td>    <td>-5.0%</td>    <td>4</td>   </tr>   <tr>    <td>Walt Disney Company </td>    <td>-6.5%</td>    <td>3</td>   </tr>   <tr>    <td>Amgen Inc. </td>    <td>-7.0%</td>    <td>2</td>   </tr>   <tr>    <td>FedEx Corporation </td>    <td>-9.6%</td>    <td>4</td>   </tr>   <tr>    <td>PetMed Express, Inc. </td>    <td>-13.2%</td>    <td>2</td>   </tr>   <tr>    <td>Activision Blizzard, Inc. </td>    <td>-14.2%</td>    <td>2</td>   </tr>   <tr>    <td>Viatris, Inc. </td>    <td>-24.5%</td>    <td>2</td>   </tr>  </tbody> </table> </p><p><blockquote><table><tbody><tr><td><b>股票</b></td><td><b>年初至今</b>%</td><td><b>#时事通讯推荐</b></td></tr><tr><td>百时美施贵宝公司</td><td>-5.0%</td><td>2</td></tr><tr><td>红衣主教健康公司。</td><td>-5.0%</td><td>4</td></tr><tr><td>迪斯尼公司</td><td>-6.5%</td><td>3</td></tr><tr><td>安进公司。</td><td>-7.0%</td><td>2</td></tr><tr><td>联邦快递公司</td><td>-9.6%</td><td>4</td></tr><tr><td>PetMed快递公司。</td><td>-13.2%</td><td>2</td></tr><tr><td>动视暴雪公司。</td><td>-14.2%</td><td>2</td></tr><tr><td>维亚特里斯公司。</td><td>-24.5%</td><td>2</td></tr></tbody></table></blockquote></p><p> <i>YTD return as of 10/22/21</i></p><p><blockquote><i>截至2011年10月22日的年初至今回报</i></blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 8 money-losing stocks could bring you big gains come January<blockquote>这8只亏损股票可能会在一月份给你带来巨大收益</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 8 money-losing stocks could bring you big gains come January<blockquote>这8只亏损股票可能会在一月份给你带来巨大收益</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-10-27 12:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p>How to profit from investors’ year-end tax-loss selling </p><p><blockquote>如何从投资者年终税损抛售中获利</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54f49f1e24483c4ede88397537fed796\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>盖蒂图片</span></p></blockquote></p><p> Tax-loss selling will disrupt stock markets between now and the end of the year — and shrewd buyers can profit from the chaos.</p><p><blockquote>从现在到年底，税收损失抛售将扰乱股市——精明的买家可以从混乱中获利。</blockquote></p><p> The cause of this turmoil is year-end tax-loss selling. This occurs when an investor sells a stock at loss in order to offset capital gains realized earlier in the year and on which capital gains tax would otherwise be due. Such selling needs to be completed before Dec. 31 in order to reduce 2021 taxes.</p><p><blockquote>这场动荡的原因是年终税收损失抛售。当投资者亏本出售股票以抵消今年早些时候实现的资本收益（否则应缴纳资本利得税）时，就会发生这种情况。此类出售需要在12月31日之前完成，以减少2021年的税收。</blockquote></p><p> To appreciate the big role that tax-loss selling plays as the new year approaches, consider the performance of a hypothetical portfolio containing the 10% of U.S. stocks with the lowest trailing-12 month returns, rebalanced monthly. The stocks in this portfolio should be the ones most susceptible to tax-loss selling.</p><p><blockquote>为了理解随着新年的临近，税收损失抛售所发挥的重要作用，请考虑一个假设的投资组合的表现，该投资组合包含过去12个月回报率最低的10%的美国股票，并每月重新平衡。该投资组合中的股票应该是最容易受到税收损失抛售影响的股票。</blockquote></p><p> Since 1927, according to data from Dartmouth professor Ken French, this “losers” portfolio does progressively worse as the end of the year approaches, as the chart below indicates.</p><p><blockquote>根据达特茅斯大学教授肯·弗伦奇的数据，自1927年以来，随着年底的临近，这种“失败者”投资组合的表现逐渐恶化，如下图所示。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/12e3b59139cb6d4691115a1d40802807\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The investment implication of this pattern depends on your time horizon. If you’re not a short-term trader, then the takeaway is that you should prepare for extra market volatility over the next two months. Resist the inclination to dump a stock because of artificial selling pressure having nothing to do with its fundamentals.</p><p><blockquote>这种模式的投资含义取决于你的时间范围。如果你不是短线交易者，那么你应该为未来两个月的额外市场波动做好准备。抵制因与基本面无关的人为抛售压力而抛售股票的倾向。</blockquote></p><p> For traders and short-term investors, there’s a separate investment implication — profit from others’ tax-loss selling. As the chart also shows, the stocks most punished by this selling tend to bounce back sharply in January. That makes sense, because tax-loss selling ends on Dec. 31; in January a huge weight is lifted off these already-beleaguered stocks, and many perform strongly.</p><p><blockquote>对于交易者和短期投资者来说，还有一个单独的投资含义——从其他人的税收损失抛售中获利。正如图表所示，受此次抛售影响最大的股票往往会在一月份大幅反弹。这是有道理的，因为税收损失销售将于12月31日结束；一月份，这些已经陷入困境的股票将摆脱巨大的压力，许多股票表现强劲。</blockquote></p><p> With that in mind, I constructed a list of stocks with attractive longer-term prospects that are also losers for the year through Oct. 22. There’s a good chance that tax-loss selling will significantly depress their returns between now and the end of the year, enabling traders to pick up a few of them at bargain prices.</p><p><blockquote>考虑到这一点，我列出了一份具有有吸引力的长期前景的股票名单，这些股票在截至10月22日的一年中也是输家。从现在到年底，税收损失抛售很可能会显着压低他们的回报，使交易者能够以低价买入一些股票。</blockquote></p><p> You might consider placing buy limits well-below the current market on a basket of them, in hopes that a couple of them get filled. If history is any guide, these stocks stand a good chance of rebounding significantly in January.</p><p><blockquote>你可以考虑对一篮子股票设定远低于当前市场的买入限额，希望其中一些股票能被填补。如果以史为鉴，这些股票很有可能在一月份大幅反弹。</blockquote></p><p> To construct the table below, I started with a list of stocks in the S&amp;P 1500 index that were losers through the close of trading on Oct. 22. I narrowed the list further to include only those that are currently recommended by two or more of the top-performing investment newsletters that my auditing firm monitors.</p><p><blockquote>为了构建下表，我首先列出了截至10月22日收盘时S&amp;P 1500指数中下跌的股票。我进一步缩小了名单，只包括我的审计公司监控的两份或多份表现最佳的投资通讯目前推荐的那些。</blockquote></p><p> <table>  <tbody>   <tr>    <td><b>Stock</b></td>    <td><b>YTD</b> %</td>    <td><b># Newsletters recommending</b></td>   </tr>   <tr>    <td>Bristol-Myers Squibb Company </td>    <td>-5.0%</td>    <td>2</td>   </tr>   <tr>    <td>Cardinal Health, Inc. </td>    <td>-5.0%</td>    <td>4</td>   </tr>   <tr>    <td>Walt Disney Company </td>    <td>-6.5%</td>    <td>3</td>   </tr>   <tr>    <td>Amgen Inc. </td>    <td>-7.0%</td>    <td>2</td>   </tr>   <tr>    <td>FedEx Corporation </td>    <td>-9.6%</td>    <td>4</td>   </tr>   <tr>    <td>PetMed Express, Inc. </td>    <td>-13.2%</td>    <td>2</td>   </tr>   <tr>    <td>Activision Blizzard, Inc. </td>    <td>-14.2%</td>    <td>2</td>   </tr>   <tr>    <td>Viatris, Inc. </td>    <td>-24.5%</td>    <td>2</td>   </tr>  </tbody> </table> </p><p><blockquote><table><tbody><tr><td><b>股票</b></td><td><b>年初至今</b>%</td><td><b>#时事通讯推荐</b></td></tr><tr><td>百时美施贵宝公司</td><td>-5.0%</td><td>2</td></tr><tr><td>红衣主教健康公司。</td><td>-5.0%</td><td>4</td></tr><tr><td>迪斯尼公司</td><td>-6.5%</td><td>3</td></tr><tr><td>安进公司。</td><td>-7.0%</td><td>2</td></tr><tr><td>联邦快递公司</td><td>-9.6%</td><td>4</td></tr><tr><td>PetMed快递公司。</td><td>-13.2%</td><td>2</td></tr><tr><td>动视暴雪公司。</td><td>-14.2%</td><td>2</td></tr><tr><td>维亚特里斯公司。</td><td>-24.5%</td><td>2</td></tr></tbody></table></blockquote></p><p> <i>YTD return as of 10/22/21</i></p><p><blockquote><i>截至2011年10月22日的年初至今回报</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/these-8-money-losing-stocks-could-bring-you-big-gains-come-january-11635213281?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMGN":"安进","DIS":"迪士尼","ATVI":"动视暴雪","CAH":"卡地纳健康","VTRS":"Viatris Inc.","BMY":"施贵宝","PETS":"PetMed Express","FDX":"联邦快递"},"source_url":"https://www.marketwatch.com/story/these-8-money-losing-stocks-could-bring-you-big-gains-come-january-11635213281?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180564420","content_text":"How to profit from investors’ year-end tax-loss selling \nGetty Images\n\n\nTax-loss selling will disrupt stock markets between now and the end of the year — and shrewd buyers can profit from the chaos.\nThe cause of this turmoil is year-end tax-loss selling. This occurs when an investor sells a stock at loss in order to offset capital gains realized earlier in the year and on which capital gains tax would otherwise be due. Such selling needs to be completed before Dec. 31 in order to reduce 2021 taxes.\nTo appreciate the big role that tax-loss selling plays as the new year approaches, consider the performance of a hypothetical portfolio containing the 10% of U.S. stocks with the lowest trailing-12 month returns, rebalanced monthly. The stocks in this portfolio should be the ones most susceptible to tax-loss selling.\nSince 1927, according to data from Dartmouth professor Ken French, this “losers” portfolio does progressively worse as the end of the year approaches, as the chart below indicates.\n\n\n\nThe investment implication of this pattern depends on your time horizon. If you’re not a short-term trader, then the takeaway is that you should prepare for extra market volatility over the next two months. Resist the inclination to dump a stock because of artificial selling pressure having nothing to do with its fundamentals.\nFor traders and short-term investors, there’s a separate investment implication — profit from others’ tax-loss selling. As the chart also shows, the stocks most punished by this selling tend to bounce back sharply in January. That makes sense, because tax-loss selling ends on Dec. 31; in January a huge weight is lifted off these already-beleaguered stocks, and many perform strongly.\nWith that in mind, I constructed a list of stocks with attractive longer-term prospects that are also losers for the year through Oct. 22. There’s a good chance that tax-loss selling will significantly depress their returns between now and the end of the year, enabling traders to pick up a few of them at bargain prices.\nYou might consider placing buy limits well-below the current market on a basket of them, in hopes that a couple of them get filled. If history is any guide, these stocks stand a good chance of rebounding significantly in January.\nTo construct the table below, I started with a list of stocks in the S&P 1500 index that were losers through the close of trading on Oct. 22. I narrowed the list further to include only those that are currently recommended by two or more of the top-performing investment newsletters that my auditing firm monitors.\n\n\n\n\nStock\nYTD %\n# Newsletters recommending\n\n\nBristol-Myers Squibb Company \n-5.0%\n2\n\n\nCardinal Health, Inc. \n-5.0%\n4\n\n\nWalt Disney Company \n-6.5%\n3\n\n\nAmgen Inc. \n-7.0%\n2\n\n\nFedEx Corporation \n-9.6%\n4\n\n\nPetMed Express, Inc. \n-13.2%\n2\n\n\nActivision Blizzard, Inc. \n-14.2%\n2\n\n\nViatris, Inc. \n-24.5%\n2\n\n\n\n\nYTD return as of 10/22/21","news_type":1,"symbols_score_info":{"CAH":0.9,"DIS":0.9,"AMGN":0.9,"FDX":0.9,"VTRS":0.9,"ATVI":0.9,"BMY":0.9,"PETS":0.9}},"isVote":1,"tweetType":1,"viewCount":675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":811999112,"gmtCreate":1630282128636,"gmtModify":1704957683113,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"cool","listText":"cool","text":"cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/811999112","repostId":"1152880121","repostType":4,"repost":{"id":"1152880121","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1630281500,"share":"https://www.laohu8.com/m/news/1152880121?lang=zh_CN&edition=full","pubTime":"2021-08-30 07:58","market":"us","language":"en","title":"Making Sense of Apple's App Store Rule Tweaks: 'Cupertino Is One Step Ahead of Regulatory Curve'<blockquote>理解苹果应用商店规则调整：“库比蒂诺领先监管曲线一步”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1152880121","media":"Benzinga","summary":"Apple, Inc.(NASDAQ: announcedThursday new App store rules, marking the second refinement in 10 month","content":"<p><b>Apple, Inc.</b>(NASDAQ:&nbsp;announcedThursday new App store rules, marking the second refinement in 10 months. The 30% in-app take rate for large developers and 15% take rate for small developers remained unchanged.</p><p><blockquote><b>苹果公司。</b>（纳斯达克：周四公布了新的应用商店规则，这是10个月来的第二次细化。大型开发者30%的应用内采用率和小型开发者15%的应用内采用率保持不变。</blockquote></p><p> <b>Windfall For Small App Developers:</b>Apple's recent App store policy change will likely benefit small developers, given they otherwise are less likely to have a way to contact their users,<b>Loup Funds</b>Managing Partner<b>Gene Munster</b>said in a note.</p><p><blockquote><b>小型应用开发者的意外之财：</b>苹果最近的应用商店政策变化可能会使小型开发者受益，因为他们不太可能有办法联系用户，<b>Loup基金</b>管理合伙人<b>吉恩·蒙斯特</b>在一张纸条上说。</blockquote></p><p> Large developers such as<b>Netflix, Inc.</b>and&nbsp;<b>Spotify Technology SA</b>&nbsp; have already stepped away from Apple, prohibiting new users to sign up inside the App Store, the analyst said.</p><p><blockquote>大型开发商如<b>网飞公司。</b>和<b>Spotify技术公司</b>分析师表示，已经远离苹果，禁止新用户在App Store内注册。</blockquote></p><p> <b>\"Win-win\" For All Stakeholders:</b>The changes announced do&nbsp;not allow developers to advertise within their apps about alternative payment options, the analyst said.</p><p><blockquote><b>各利益相关方“双赢”：</b>分析师表示，宣布的变化不允许开发者在他们的应用程序中宣传替代支付选项。</blockquote></p><p> \"This is a moderation, not an elimination, of the anti-steering clause,\" he added.</p><p><blockquote>“这是对反转向条款的缓和，而不是消除，”他补充道。</blockquote></p><p> Apple's adjustment, according to the analyst, is a win-win-win for all three parties – Apple, app makers and lawmakers.</p><p><blockquote>这位分析师表示，苹果的调整对苹果、应用程序制造商和立法者三方来说是三赢的。</blockquote></p><p> <b>Allowing Third-party App Stores Next Bone of Contention:</b>There is a low probability of regulators making any movement on take rate, due to the complexity involved, the analyst said.</p><p><blockquote><b>允许第三方应用商店下一个争论焦点：</b>分析师表示，由于所涉及的复杂性，监管机构对采用率采取任何行动的可能性很低。</blockquote></p><p> Given Apple has a 50% market share in the U.S., the tech giant may be forced to allow third-party app stores on iOS, according to the analyst.</p><p><blockquote>这位分析师表示，鉴于苹果在美国拥有50%的市场份额，这家科技巨头可能会被迫允许iOS上的第三方应用商店。</blockquote></p><p> Explaining the modality of how this will pan out, Munster said, an iPhone user will go to Apple's App Store and download a third-party app such asEpic Gamesor a large centralized store like&nbsp;<b>Alphabet, Inc.</b>'s Google. Upon entering the third-party app store, the user will download an additional app, he added.</p><p><blockquote>在解释这将如何实现的模式时，蒙斯特说，iPhone用户将去苹果的应用商店下载一个第三方应用程序，如Epic Games或一个大型集中式商店，如<b>Alphabet公司。</b>是谷歌。他补充说，进入第三方应用商店后，用户将下载一个额外的应用程序。</blockquote></p><p> Once an additional app, say a gaming app, is installed on the iPhone, the iPhone user would access the app as they do any other iOS app, the analyst said.</p><p><blockquote>分析师表示，一旦iPhone上安装了额外的应用程序，比如游戏应用程序，iPhone用户将像访问任何其他iOS应用程序一样访问该应用程序。</blockquote></p><p> <b>Not Much Is Going to Change:</b>&nbsp;By moderating the anti-steering clause, Apple is giving more control to developers and ultimately consumers, especially with respect to their payment methods, Munster said. That said, the analyst expects little to change in terms of consumer behavior.</p><p><blockquote><b>不会有太大变化：</b>蒙斯特表示，通过放宽反转向条款，苹果将更多控制权交给了开发商，最终交给了消费者，特别是在支付方式方面。也就是说，分析师预计消费者行为不会有太大变化。</blockquote></p><p> \"While transacting through the App Store may be more expensive than going direct to a developer, the App Store makes it easier for users to manage multiple subscriptions, gives them frictionless payments, along with lowering the risk of malware and providing greater payment security,\" the analyst said.</p><p><blockquote>“虽然通过App Store进行交易可能比直接向开发者进行交易更昂贵，但App Store使用户更容易管理多个订阅，为他们提供无摩擦的支付，同时降低恶意软件的风险并提供更高的支付安全性，”分析师表示。</blockquote></p><p> Munster expects more than 95% of users to continue to rely on the App Store for payments.</p><p><blockquote>蒙斯特预计，超过95%的用户将继续依赖App Store进行支付。</blockquote></p><p> <b>A Step Ahead of Regulators:</b>Munster believes regulators will likely be pleased with Apple's compromise as it gives consumers more choice and reduced distribution and maintenance costs for app developers.</p><p><blockquote><b>领先监管机构一步：</b>蒙斯特认为，监管机构可能会对苹果的妥协感到满意，因为它为消费者提供了更多选择，并降低了应用程序开发商的分发和维护成本。</blockquote></p><p> \"While additional App Store regulation proposals will continue to surface, particularly around third-party app stores, Apple's revisions to the App Store keep&nbsp;them one step ahead of the regulatory curve,\" the analyst concluded.</p><p><blockquote>这位分析师总结道：“虽然额外的应用商店监管提案将继续浮出水面，特别是围绕第三方应用商店，但苹果对应用商店的修订使他们在监管曲线上领先了一步。”</blockquote></p><p> Apple shares closed Friday's session up 0.72% at $148.60.</p><p><blockquote>苹果股价周五收盘上涨0.72%，至148.60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>Making Sense of Apple's App Store Rule Tweaks: 'Cupertino Is One Step Ahead of Regulatory Curve'<blockquote>理解苹果应用商店规则调整：“库比蒂诺领先监管曲线一步”</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\">\nMaking Sense of Apple's App Store Rule Tweaks: 'Cupertino Is One Step Ahead of Regulatory Curve'<blockquote>理解苹果应用商店规则调整：“库比蒂诺领先监管曲线一步”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-08-30 07:58</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>Apple, Inc.</b>(NASDAQ:&nbsp;announcedThursday new App store rules, marking the second refinement in 10 months. The 30% in-app take rate for large developers and 15% take rate for small developers remained unchanged.</p><p><blockquote><b>苹果公司。</b>（纳斯达克：周四公布了新的应用商店规则，这是10个月来的第二次细化。大型开发者30%的应用内采用率和小型开发者15%的应用内采用率保持不变。</blockquote></p><p> <b>Windfall For Small App Developers:</b>Apple's recent App store policy change will likely benefit small developers, given they otherwise are less likely to have a way to contact their users,<b>Loup Funds</b>Managing Partner<b>Gene Munster</b>said in a note.</p><p><blockquote><b>小型应用开发者的意外之财：</b>苹果最近的应用商店政策变化可能会使小型开发者受益，因为他们不太可能有办法联系用户，<b>Loup基金</b>管理合伙人<b>吉恩·蒙斯特</b>在一张纸条上说。</blockquote></p><p> Large developers such as<b>Netflix, Inc.</b>and&nbsp;<b>Spotify Technology SA</b>&nbsp; have already stepped away from Apple, prohibiting new users to sign up inside the App Store, the analyst said.</p><p><blockquote>大型开发商如<b>网飞公司。</b>和<b>Spotify技术公司</b>分析师表示，已经远离苹果，禁止新用户在App Store内注册。</blockquote></p><p> <b>\"Win-win\" For All Stakeholders:</b>The changes announced do&nbsp;not allow developers to advertise within their apps about alternative payment options, the analyst said.</p><p><blockquote><b>各利益相关方“双赢”：</b>分析师表示，宣布的变化不允许开发者在他们的应用程序中宣传替代支付选项。</blockquote></p><p> \"This is a moderation, not an elimination, of the anti-steering clause,\" he added.</p><p><blockquote>“这是对反转向条款的缓和，而不是消除，”他补充道。</blockquote></p><p> Apple's adjustment, according to the analyst, is a win-win-win for all three parties – Apple, app makers and lawmakers.</p><p><blockquote>这位分析师表示，苹果的调整对苹果、应用程序制造商和立法者三方来说是三赢的。</blockquote></p><p> <b>Allowing Third-party App Stores Next Bone of Contention:</b>There is a low probability of regulators making any movement on take rate, due to the complexity involved, the analyst said.</p><p><blockquote><b>允许第三方应用商店下一个争论焦点：</b>分析师表示，由于所涉及的复杂性，监管机构对采用率采取任何行动的可能性很低。</blockquote></p><p> Given Apple has a 50% market share in the U.S., the tech giant may be forced to allow third-party app stores on iOS, according to the analyst.</p><p><blockquote>这位分析师表示，鉴于苹果在美国拥有50%的市场份额，这家科技巨头可能会被迫允许iOS上的第三方应用商店。</blockquote></p><p> Explaining the modality of how this will pan out, Munster said, an iPhone user will go to Apple's App Store and download a third-party app such asEpic Gamesor a large centralized store like&nbsp;<b>Alphabet, Inc.</b>'s Google. Upon entering the third-party app store, the user will download an additional app, he added.</p><p><blockquote>在解释这将如何实现的模式时，蒙斯特说，iPhone用户将去苹果的应用商店下载一个第三方应用程序，如Epic Games或一个大型集中式商店，如<b>Alphabet公司。</b>是谷歌。他补充说，进入第三方应用商店后，用户将下载一个额外的应用程序。</blockquote></p><p> Once an additional app, say a gaming app, is installed on the iPhone, the iPhone user would access the app as they do any other iOS app, the analyst said.</p><p><blockquote>分析师表示，一旦iPhone上安装了额外的应用程序，比如游戏应用程序，iPhone用户将像访问任何其他iOS应用程序一样访问该应用程序。</blockquote></p><p> <b>Not Much Is Going to Change:</b>&nbsp;By moderating the anti-steering clause, Apple is giving more control to developers and ultimately consumers, especially with respect to their payment methods, Munster said. That said, the analyst expects little to change in terms of consumer behavior.</p><p><blockquote><b>不会有太大变化：</b>蒙斯特表示，通过放宽反转向条款，苹果将更多控制权交给了开发商，最终交给了消费者，特别是在支付方式方面。也就是说，分析师预计消费者行为不会有太大变化。</blockquote></p><p> \"While transacting through the App Store may be more expensive than going direct to a developer, the App Store makes it easier for users to manage multiple subscriptions, gives them frictionless payments, along with lowering the risk of malware and providing greater payment security,\" the analyst said.</p><p><blockquote>“虽然通过App Store进行交易可能比直接向开发者进行交易更昂贵，但App Store使用户更容易管理多个订阅，为他们提供无摩擦的支付，同时降低恶意软件的风险并提供更高的支付安全性，”分析师表示。</blockquote></p><p> Munster expects more than 95% of users to continue to rely on the App Store for payments.</p><p><blockquote>蒙斯特预计，超过95%的用户将继续依赖App Store进行支付。</blockquote></p><p> <b>A Step Ahead of Regulators:</b>Munster believes regulators will likely be pleased with Apple's compromise as it gives consumers more choice and reduced distribution and maintenance costs for app developers.</p><p><blockquote><b>领先监管机构一步：</b>蒙斯特认为，监管机构可能会对苹果的妥协感到满意，因为它为消费者提供了更多选择，并降低了应用程序开发商的分发和维护成本。</blockquote></p><p> \"While additional App Store regulation proposals will continue to surface, particularly around third-party app stores, Apple's revisions to the App Store keep&nbsp;them one step ahead of the regulatory curve,\" the analyst concluded.</p><p><blockquote>这位分析师总结道：“虽然额外的应用商店监管提案将继续浮出水面，特别是围绕第三方应用商店，但苹果对应用商店的修订使他们在监管曲线上领先了一步。”</blockquote></p><p> Apple shares closed Friday's session up 0.72% at $148.60.</p><p><blockquote>苹果股价周五收盘上涨0.72%，至148.60美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152880121","content_text":"Apple, Inc.(NASDAQ: announcedThursday new App store rules, marking the second refinement in 10 months. The 30% in-app take rate for large developers and 15% take rate for small developers remained unchanged.\nWindfall For Small App Developers:Apple's recent App store policy change will likely benefit small developers, given they otherwise are less likely to have a way to contact their users,Loup FundsManaging PartnerGene Munstersaid in a note.\nLarge developers such asNetflix, Inc.and Spotify Technology SA  have already stepped away from Apple, prohibiting new users to sign up inside the App Store, the analyst said.\n\"Win-win\" For All Stakeholders:The changes announced do not allow developers to advertise within their apps about alternative payment options, the analyst said.\n\"This is a moderation, not an elimination, of the anti-steering clause,\" he added.\nApple's adjustment, according to the analyst, is a win-win-win for all three parties – Apple, app makers and lawmakers.\nAllowing Third-party App Stores Next Bone of Contention:There is a low probability of regulators making any movement on take rate, due to the complexity involved, the analyst said.\nGiven Apple has a 50% market share in the U.S., the tech giant may be forced to allow third-party app stores on iOS, according to the analyst.\nExplaining the modality of how this will pan out, Munster said, an iPhone user will go to Apple's App Store and download a third-party app such asEpic Gamesor a large centralized store like Alphabet, Inc.'s Google. Upon entering the third-party app store, the user will download an additional app, he added.\nOnce an additional app, say a gaming app, is installed on the iPhone, the iPhone user would access the app as they do any other iOS app, the analyst said.\nNot Much Is Going to Change: By moderating the anti-steering clause, Apple is giving more control to developers and ultimately consumers, especially with respect to their payment methods, Munster said. That said, the analyst expects little to change in terms of consumer behavior.\n\"While transacting through the App Store may be more expensive than going direct to a developer, the App Store makes it easier for users to manage multiple subscriptions, gives them frictionless payments, along with lowering the risk of malware and providing greater payment security,\" the analyst said.\nMunster expects more than 95% of users to continue to rely on the App Store for payments.\nA Step Ahead of Regulators:Munster believes regulators will likely be pleased with Apple's compromise as it gives consumers more choice and reduced distribution and maintenance costs for app developers.\n\"While additional App Store regulation proposals will continue to surface, particularly around third-party app stores, Apple's revisions to the App Store keep them one step ahead of the regulatory curve,\" the analyst concluded.\nApple shares closed Friday's session up 0.72% at $148.60.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177586201,"gmtCreate":1627252443403,"gmtModify":1633766974225,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"interesting","listText":"interesting","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/177586201","repostId":"2153350439","repostType":4,"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147452117,"gmtCreate":1626387560639,"gmtModify":1633927345914,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/147452117","repostId":"1199217536","repostType":4,"isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":873057689,"gmtCreate":1636810210556,"gmtModify":1636810210656,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"breaking down or rebound off support?","listText":"breaking down or rebound off support?","text":"breaking down or rebound off support?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/873057689","repostId":"1129543601","repostType":4,"repost":{"id":"1129543601","kind":"news","pubTimestamp":1636770982,"share":"https://www.laohu8.com/m/news/1129543601?lang=zh_CN&edition=full","pubTime":"2021-11-13 10:36","market":"us","language":"en","title":"Palantir: Q3 Beat, Increased FCF, Raises Guidance But Sells Off Creating An Opportunity<blockquote>Palantir：第三季度表现良好，自由现金流增加，提高指引但抛售创造了机会</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129543601","media":"Seeking Alpha","summary":"Summary\n\nPalantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Palantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating a 30% margin.</li>  <li>Palantir's commercial revenue increased 37%, and government revenue grew by 34% YoY in Q3 showing strong forward growth trends.</li>  <li>Palantir closed 54 deals in Q3 2021 with at least $1 million in contract value with 33 valued at $5+ million and 18 at $10+ million.</li>  <li>Palantir increases guidance again and expects 40% revenue growth YoY at $1.527 billion and $400 million in FCF up from the previous guidance increase of $300 million.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3fd5d395baf412802ef5e554f0efa64b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Andreas Rentz/Getty Images Entertainment</span></p><p><blockquote><ul><li>Palantir的收入环比增长36%，同时产生1.19亿美元的自由现金流，利润率为30%。</li><li>Palantir第三季度商业收入同比增长37%，政府收入同比增长34%，显示出强劲的前瞻性增长趋势。</li><li>Palantir在2021年第三季度完成了54笔交易，合同价值至少为100万美元，其中33笔价值超过500万美元，18笔价值超过1000万美元。</li><li>Palantir再次上调指引，预计收入同比增长40%，达到15.27亿美元，自由现金流为4亿美元，高于之前指引的3亿美元。</li></ul><p class=\"t-img-caption\"><span>安德烈亚斯·伦茨/盖蒂图片社娱乐</span></p></blockquote></p><p> Some investors love to hate Palantir (PLTR), which was nicknamed a black box company in the past, while others absolutely love it because they believe PLTR's software is the future. In my previous article on PLTR, I stated that based on PLTR's current revenue trend, they were setting up to deliver $399.41 million in revenue for Q3 and $423.22 million of revenue in Q4. The consensus number was $386.56 million of revenue in Q3, and PLTR delivered $392.1 million and forecasted $418 million in Q4 2021. The reaction in premarket as the earnings call was being conducted was nothing but a sea of red as PLTR sharply declined, and each time a gap tried to fill, the next leg on the downward spiral started. The news wasn't even digested, yet people decided to either take profits, exit their position or lost faith in PLTR.</p><p><blockquote>一些投资者又爱又恨Palantir(PLTR)，它过去被昵称为黑匣子公司，而另一些投资者则绝对喜欢它，因为他们相信PLTR的软件是未来。在我之前关于PLTR的文章中，我表示，根据PLTR当前的收入趋势，他们计划在第三季度实现3.9941亿美元的收入，在第四季度实现4.2322亿美元的收入。市场普遍认为第三季度的收入为3.8656亿美元，PLTR在2021年第四季度实现了3.921亿美元，预测为4.18亿美元。当进行盈利看涨期权时，盘前的反应只不过是PLTR急剧下跌的红海，每次试图填补缺口时，螺旋式下降的下一阶段就开始了。这个消息甚至还没有被消化，但人们决定要么获利了结，要么退出头寸，要么对PLTR失去信心。</blockquote></p><p> What wasn't there to like in the earnings release to cause the sell-off that has been hovering in the -9.03% range? PLTR delivered 36% YoY revenue growth, added 34 new customers in Q3, and closed 54 deals worth $1 million or more. PLTR increased their remaining deal value by 50% YoY to $3.6 billion and delivered $101 million in cash from operations (26% margin), and $199 million in free cash flow (30% margin). PLTR also increased guidance for 2021 as they now expect revenue growth of 40% YoY compared to their previous projection of 30% and increased their projection in FCF to $400 million from $300 million. In addition to the numbers, PLTR announced new product platforms and use cases that have tremendous potential to drive revenue and FCF in the future. I believe this sell-off will be short-lived and I am looking at it as a buying opportunity.</p><p><blockquote>财报中有什么不让人喜欢的地方导致了一直徘徊在-9.03%区间的抛售？PLTR收入同比增长36%，第三季度增加了34个新客户，并完成了54笔价值100万美元或以上的交易。PLTR的剩余交易价值同比增加了50%，达到36亿美元，并提供了1.01亿美元的运营现金（利润率26%）和1.99亿美元的自由现金流（利润率30%）。PLTR还提高了2021年的指导，因为他们现在预计收入同比增长40%，而之前的预测为30%，并将自由现金流预测从3亿美元提高到4亿美元。除了这些数字之外，PLTR还宣布了新的产品平台和用例，这些平台和用例在未来推动收入和自由现金流方面具有巨大潜力。我相信这次抛售将是短暂的，我将其视为买入机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8cfe1dd0e9b2c6a24ce3cb94bcfda56c\" tg-width=\"640\" tg-height=\"341\" width=\"100%\" height=\"auto\"><span>(Source: Seeking Alpha)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：寻求阿尔法）</span></p></blockquote></p><p> <b>Palantir's revenue continues to expand on both the commercial and government side</b></p><p><blockquote><b>Palantir在商业和政府方面的收入持续扩张</b></blockquote></p><p> Quarter after Quarter since PLTR went public, their commercial business has expanded. After five quarters of going public, PLTR's quarterly commercial revenue has increased by $62 million or 55.36%. In Q3 2021, PLTR delivered $174 million in revenue from its commercial operations, which accounted for 44.38% of its $392.1 million quarterly revenue. Over the previous two years, PLTR's Q3 revenue has increased by 85.11% as it grew by 35.11% in Q3 2020 YoY and by another 37.01% YoY in Q3 of 2021. PLTR's commercial remaining deal value increased by 101% YoY from $1.1 billion in Q3 2020 to $2.2 billion in Q3 2021. Commercial customers are inviting PLTR to present their software solutions, and PLTR is winning their business. In Q3 2021, PLTR added 34 net new customers increasing their commercial customer base by 20% QoQ to 203. Over the past year, PLTR has seen its commercial customer base expand by 46.04% as it has grown by 64 clients from 139 to 203. Anyone who still classifies PLTR as a black box is not being accurate as the commercial market is learning about PLTR's software platforms and implementing their solutions to improve their operations.</p><p><blockquote>自PLTR上市以来，他们的商业业务逐季扩张。上市五个季度后，PLTR的季度商业收入增长了6200万美元，增幅为55.36%。2021年第三季度，PLTR的商业运营收入为1.74亿美元，占其3.921亿美元季度收入的44.38%。过去两年，PLTR第三季度收入增长了85.11%，其中2020年第三季度同比增长35.11%，2021年第三季度同比增长37.01%。PLTR的商业剩余交易价值同比增长101%，从2020年第三季度的11亿美元增至2021年第三季度的22亿美元。商业客户邀请PLTR展示他们的软件解决方案，PLTR正在赢得他们的业务。2021年第三季度，PLTR净新增34家新客户，商业客户群环比增加20%，达到203家。过去一年，PLTR的商业客户群扩大了46.04%，客户数量从139个增加到203个，增加了64个。任何仍然将PLTR归类为黑匣子的人都是不准确的，因为商业市场正在了解PLTR的软件平台并实施其解决方案以改善其运营。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa4084630f4e4be30a41c925c5a3fd0a\" tg-width=\"640\" tg-height=\"374\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> Since Q1 of 2020, PLTR has increased its quarterly revenue by $163.1 million (71.23%) at an average quarterly growth rate of 9.43% QoQ. In Q3 of 2021, this trend stayed intact as revenue increased by $16.1 million QoQ or 4.28%. While the quarterly revenue growth slowed a bit QoQ compared to 10.26% in Q2 2021, PLTR is projecting its Q4 2021 revenue will be $418 million. PLTR is expecting to deliver another company record and generate $25.9 million (6.61%) in QoQ growth to close out the year.</p><p><blockquote>自2020年第一季度以来，PLTR的季度收入增加了1.631亿美元（71.23%），平均季度环比增长率为9.43%。2021年第三季度，这一趋势保持不变，收入环比增长1610万美元，即4.28%。虽然与2021年第二季度的10.26%相比，季度收入增长环比略有放缓，但PLTR预计2021年第四季度收入将为4.18亿美元。PLTR预计将再创公司纪录，并在年底实现2590万美元（6.61%）的环比增长。</blockquote></p><p></p><p> The same growth story applies to their total revenue in the trailing twelve months (TTM) as well. Over the last six quarters, PLTR's TTM revenue has increased by $620.6 million (76.55%) from $810.6 million to $1.43 billion. On average, PLTR's TTM revenue growth has increased by $103.42 million (9.94%) QoQ. In Q1 2020 - Q3 2020, their average QoQ revenue growth was $94.03 million, and this has increased substantially as the past three quarters have all increased by at least $105 million QoQ. In Q3 2021, PLTR increased its TTM revenue to $1.43 billion as it added $106.8 million (8.06%) in QoQ revenue growth. Just like the quarterly metric, PLTR's TTM is expected to grow QoQ by an additional $95.9 million to $1.527 billion compared to $1.51 billion in the consensus estimate. This would place PLTR's annual revenue growth YoY well ahead of their 30% projection as they would finish 2021 having increased its revenue by $434.30 million (39.75%)</p><p><blockquote>同样的增长故事也适用于他们过去12个月(TTM)的总收入。在过去六个季度中，PLTR的TTM收入从8.106亿美元增加到14.3亿美元，增加了6.206亿美元（76.55%）。平均而言，PLTR的TTM收入环比增长1.0342亿美元（9.94%）。在Q1 2020-2020年第三季度，他们的平均环比收入增长为9403万美元，这一数字大幅增长，因为过去三个季度环比增长了至少1.05亿美元。2021年第三季度，PLTR的TTM收入增加至14.3亿美元，环比收入增长1.068亿美元（8.06%）。就像季度指标一样，PLTR的TTM预计将环比增长9590万美元，达到15.27亿美元，而市场普遍预期为15.1亿美元。这将使PLTR的年收入同比增长远高于30%的预测，因为到2021年，他们的收入将增加4.343亿美元(39.75%)</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0ec6211d7ecb04785f406c7661c9124\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> I am shocked PLTR is still in the red. PLTR is a high-growth company that is now FCF positive and expanding its metrics. In the first nine months of 2020, PLTR generated -$285 million in FCF, and at the end of the first nine months of 2021, PLTR has delivered a $605 million swing as it has produced $320 million in FCF YTD. PLTR previously increased their 2021 FCF guidance to $300, and they just increased it again to $400+ million. In the span of three months, PLTR increased its FCF projection by an additional 33.33%. In Q3, PLTR's FCF margin was 30%, and they are projecting $400+ million in FCF for 2021. At the very minimum, this would mean they will tack on an additional $80 million in FCF for 2021. If PLTR delivers $1.527 billion in revenue and $400 million in FCF, its 2021 FCF margin would be 26.2%. PLTR is still projecting 30% annual revenue growth YoY thru 2025, which would place their 2025 revenue at $4.36 billion based on their projection of $1.527 for 2021. At PLTR's current FCF margin, they would generate $1.14 billion in FCF in 2025. Considering PLTR's current trends, if they exceeded their projections and grew at 35% YoY, it would place their 2025 revenue at $5.07 billion. At their current FCF margin, they would then generate $1.33 billion in FCF in 2025.</p><p><blockquote>我很震惊PLTR仍然处于亏损状态。PLTR是一家高增长公司，目前自由现金流为正，并正在扩大其指标。2020年前9个月，PLTR产生了-2.85亿美元的自由现金流，截至2021年前9个月末，PLTR实现了6.05亿美元的波动，年初至今已产生了3.2亿美元的自由现金流。PLTR此前将2021年自由现金流指引提高至300美元，而他们刚刚再次将其提高至4亿美元以上。在三个月的时间里，PLTR将其自由现金流预测额外增加了33.33%。第三季度，PLTR的自由现金流利润率为30%，预计2021年自由现金流将超过4亿美元。至少，这意味着他们将在2021年额外增加8000万美元的自由现金流。如果PLTR实现15.27亿美元的收入和4亿美元的自由现金流，其2021年的自由现金流利润率将为26.2%。PLTR仍预计到2025年年收入将同比增长30%，根据2021年1.527美元的预测，2025年收入将达到43.6亿美元。按照PLTR目前的自由现金流利润率，他们将在2025年产生11.4亿美元的自由现金流。考虑到PLTR目前的趋势，如果他们超出预测并同比增长35%，那么他们2025年的收入将达到50.7亿美元。按照目前的自由现金流利润率，到2025年，他们将产生13.3亿美元的自由现金流。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87cff0d5c5ef70ea6926a1323c77bfe4\" tg-width=\"640\" tg-height=\"306\" width=\"100%\" height=\"auto\"><span>(Source: PLTR)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：PLTR）</span></p></blockquote></p><p> PLTR is firing on all cylinders. YoY, their Q3 revenue grew by 36%, they raised guidance on their FCF for a 2nd time from $300 million to $400+ million and have increased their annual revenue growth guidance from 30% to roughly 40%. PLTR is still maintaining its future revenue outlook of 30% annually YoY and is creating some impressive margins. PLTR's commercial revenue grew YoY by 37%, and their government revenue grew by 34% YoY in Q3. PLTR closed at least 54 deals worth at least $1 million during Q3, and 33 of those were at least $5 million in revenue, and 18 were at least $10 million in revenue. PLTR's growth metrics are impressive, and I am expecting them to under promise and over deliver going forward.</p><p><blockquote>PLTR正在全速点火。第三季度收入同比增长36%，第二次将自由现金流指引从3亿美元上调至4亿美元以上，并将年收入增长指引从30%上调至约40%。PLTR仍维持每年30%的未来收入前景，并创造了一些令人印象深刻的利润。第三季度PLTR的商业收入同比增长37%，政府收入同比增长34%。PLTR在第三季度完成了至少54笔价值至少100万美元的交易，其中33笔收入至少500万美元，18笔收入至少1000万美元。PLTR的增长指标令人印象深刻，我预计它们未来将低于承诺并超额交付。</blockquote></p><p> <b>Palantir is entering two new sectors that are going to be huge, carbon emissions, and crypto</b></p><p><blockquote><b>Palantir正在进入两个巨大的新领域：碳排放和加密货币</b></blockquote></p><p> In the past, I have written about future opportunities with the government, Amazon(NASDAQ:AMZN), and International Business Machines(NYSE:IBM). On today's earnings call, PLTR introduced significant information surrounding two new products they will be offering for carbon emissions and crypto.</p><p><blockquote>过去，我曾写过有关政府、亚马逊（纳斯达克股票代码：AMZN）和国际商业机器公司（纽约证券交易所股票代码：IBM）未来机遇的文章。在今天的收益看涨期权上，PLTR介绍了有关他们将为碳排放和加密货币提供的两种新产品的重要信息。</blockquote></p><p></p><p> There has been a fundamental shift in the USA over climate, and President Biden rejoined the Paris Agreement to reengage in tackling climate change. Part ofthe planis to reach a net-zero emission economy-wide by 2050. Recently President Biden at the United Nations climate summit in Glasgow, Scotland, pledged to work with the European Union and dozens of other nations to reduce overall methane emissions worldwide by 30% by 2030. No matter what your stance on climate is, there are many who believe we need to lower emissions, and many nations are working on a goal. To comply, companies such as&nbsp;Exxon Mobil(NYSE:XOM)&nbsp;are conducting longer-term research on several promising innovations with outside organizations, including direct air capture technology to&nbsp;scrub emissions out of the air&nbsp;and carbonate fuel cells&nbsp;to capture industrial emissions&nbsp;from flue gas streams of power plants or manufacturing facilities. Carbon emissions management is already a booming business, and PLTR is creating a module on Foundry to present a single pane to view revenue, margin, production, and all emissions so companies can manage outcomes more efficiently. Personally, I believe this has enormous potential to drive revenue for PLTR in the future.</p><p><blockquote>美国在气候问题上发生了根本性转变，拜登总统重新加入了《巴黎协定》，重新参与应对气候变化。该计划的一部分是到2050年实现整个经济的净零排放。最近，拜登总统在苏格兰格拉斯哥举行的联合国气候峰会上承诺与欧盟和其他数十个国家合作，到2030年将全球甲烷总排放量减少30%。无论你对气候的立场是什么，有许多人认为我们需要降低排放，许多国家正在朝着一个目标努力。为了遵守规定，埃克森美孚（纽约证券交易所股票代码：XOM）等公司正在与外部组织对几项有前途的创新进行长期研究，包括用于清除空气中排放物的直接空气捕获技术和用于捕获烟道中工业排放的碳酸盐燃料电池发电厂或制造设施的气流。碳排放管理已经是一项蓬勃发展的业务，PLTR正在Foundry上创建一个模块，以提供一个单一的窗格来查看收入、利润、生产和所有排放，以便公司可以更有效地管理结果。就我个人而言，我相信这对于推动PLTR未来的收入具有巨大的潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2386d938e7f452a340dbb130de508f6\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> The second huge prospect that PLTR discussed was Foundry for crypto. It looks like PLTR is leveraging their anti-money laundering and know-your-customer expertise. PLTR has worked with several governments over the years to find compliance issues with the world's largest banks and help those banks respond and strengthen their compliance programs. This makes complete sense, and when you go back to the contracts, PLTR has been awarded from the IRS and SEC (discussed in previous articles). In Q3 alone, PLTR inked 6 contracts with the IRS. If I had to guess, PLTR's software would be utilized by the IRS and the SEC on the government side and adopted on the commercial side by banks and crypto exchanges. Currently, in the past 24 hours,Coinbase(NASDAQ:COIN)&nbsp;is showing that Bitcoin (BTC-USD) has incurred a trading volume of $43.8 billion. I think PLTR will end up driving future revenue from both government and commercial contracts from its Foundry for Crypto.</p><p><blockquote>PLTR讨论的第二个巨大前景是加密货币代工。看起来PLTR正在利用他们的反洗钱和了解你的客户的专业知识。多年来，PLTR一直与多个政府合作，寻找全球最大银行的合规问题，并帮助这些银行应对和加强其合规计划。这是完全有道理的，当您回到合同时，PLTR已获得IRS和SEC的授予（在之前的文章中讨论过）。仅在第三季度，PLTR就与IRS签署了6份合同。如果让我猜的话，PLTR的软件将被IRS和SEC在政府方面使用，并被银行和加密货币交易所在商业方面采用。目前，在过去24小时内，Coinbase（纳斯达克：COIN）显示比特币（BTC-USD）的交易量为438亿美元。我认为PLTR最终将从其加密货币代工厂的政府和商业合同中获得未来的收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53c762e27799c80dbaa9914bb98a6a10\" tg-width=\"624\" tg-height=\"234\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Federal Procurement Database)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：联邦采购数据库）</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/005d57c6c5c926b35eac100fa35c7415\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> PLTR has become another statistic of the market misunderstanding its earnings and selling the news when the news was great. What more does anyone want PLTR to do? This was an excellent quarter with revenue increasing 36% YoY in Q3, FCF came in at $119 million with a 30% margin, and PLTR closed 54 deals worth more than $1 million each. PLTR beats revenue estimates, increases guidance for its full-year revenue than for the 2nd time, increases its FCF guidance. This was a sell the news on all positive factors, which is creating a buying opportunity. I am staying long on PLTR and plan to add to my position if the sell-off continues.</p><p><blockquote>PLTR已经成为市场误解其收益并在消息好的时候抛售消息的另一个统计数据。还有人想让PLTR做什么？这是一个出色的季度，第三季度收入同比增长36%，自由现金流为1.19亿美元，利润率为30%，PLTR完成了54笔交易，每笔价值超过100万美元。PLTR超出收入预期，第二次上调全年收入指引，上调自由现金流指引。这是一个基于所有积极因素的卖出消息，这创造了买入机会。我将做多PLTR，如果抛售继续，我计划增加我的头寸。</blockquote></p><p> <b>Seeking Alpha Marketplace</b></p><p><blockquote><b>寻求阿尔法市场</b></blockquote></p><p> I will be launching a subscription service called Barbell Capital on the Seeking Alpha Marketplace. Barbell Capital will provide exclusive research, model portfolios, investment tools, Q&amp;A sessions, watchlists, and additional features for its members. I will also have a live portfolio dedicated to generating capital from trading, selling puts and selling covered calls. The profits will be allocated to future capital appreciating investments and investing in dividend investments to generate income while we sleep.</p><p><blockquote>我将在Seeking Alpha市场上推出一项名为Barbell Capital的订阅服务。Barbell Capital将为其成员提供独家研究、模型投资组合、投资工具、问答环节、观察列表和其他功能。我还将拥有一个实时投资组合，致力于通过交易、出售看跌期权和出售备兑评级来产生资本。利润将分配给未来的资本增值投资和投资股息投资，在我们睡觉时产生收入。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: Q3 Beat, Increased FCF, Raises Guidance But Sells Off Creating An Opportunity<blockquote>Palantir：第三季度表现良好，自由现金流增加，提高指引但抛售创造了机会</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: Q3 Beat, Increased FCF, Raises Guidance But Sells Off Creating An Opportunity<blockquote>Palantir：第三季度表现良好，自由现金流增加，提高指引但抛售创造了机会</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-11-13 10:36</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>Palantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating a 30% margin.</li>  <li>Palantir's commercial revenue increased 37%, and government revenue grew by 34% YoY in Q3 showing strong forward growth trends.</li>  <li>Palantir closed 54 deals in Q3 2021 with at least $1 million in contract value with 33 valued at $5+ million and 18 at $10+ million.</li>  <li>Palantir increases guidance again and expects 40% revenue growth YoY at $1.527 billion and $400 million in FCF up from the previous guidance increase of $300 million.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3fd5d395baf412802ef5e554f0efa64b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Andreas Rentz/Getty Images Entertainment</span></p><p><blockquote><ul><li>Palantir的收入环比增长36%，同时产生1.19亿美元的自由现金流，利润率为30%。</li><li>Palantir第三季度商业收入同比增长37%，政府收入同比增长34%，显示出强劲的前瞻性增长趋势。</li><li>Palantir在2021年第三季度完成了54笔交易，合同价值至少为100万美元，其中33笔价值超过500万美元，18笔价值超过1000万美元。</li><li>Palantir再次上调指引，预计收入同比增长40%，达到15.27亿美元，自由现金流为4亿美元，高于之前指引的3亿美元。</li></ul><p class=\"t-img-caption\"><span>安德烈亚斯·伦茨/盖蒂图片社娱乐</span></p></blockquote></p><p> Some investors love to hate Palantir (PLTR), which was nicknamed a black box company in the past, while others absolutely love it because they believe PLTR's software is the future. In my previous article on PLTR, I stated that based on PLTR's current revenue trend, they were setting up to deliver $399.41 million in revenue for Q3 and $423.22 million of revenue in Q4. The consensus number was $386.56 million of revenue in Q3, and PLTR delivered $392.1 million and forecasted $418 million in Q4 2021. The reaction in premarket as the earnings call was being conducted was nothing but a sea of red as PLTR sharply declined, and each time a gap tried to fill, the next leg on the downward spiral started. The news wasn't even digested, yet people decided to either take profits, exit their position or lost faith in PLTR.</p><p><blockquote>一些投资者又爱又恨Palantir(PLTR)，它过去被昵称为黑匣子公司，而另一些投资者则绝对喜欢它，因为他们相信PLTR的软件是未来。在我之前关于PLTR的文章中，我表示，根据PLTR当前的收入趋势，他们计划在第三季度实现3.9941亿美元的收入，在第四季度实现4.2322亿美元的收入。市场普遍认为第三季度的收入为3.8656亿美元，PLTR在2021年第四季度实现了3.921亿美元，预测为4.18亿美元。当进行盈利看涨期权时，盘前的反应只不过是PLTR急剧下跌的红海，每次试图填补缺口时，螺旋式下降的下一阶段就开始了。这个消息甚至还没有被消化，但人们决定要么获利了结，要么退出头寸，要么对PLTR失去信心。</blockquote></p><p> What wasn't there to like in the earnings release to cause the sell-off that has been hovering in the -9.03% range? PLTR delivered 36% YoY revenue growth, added 34 new customers in Q3, and closed 54 deals worth $1 million or more. PLTR increased their remaining deal value by 50% YoY to $3.6 billion and delivered $101 million in cash from operations (26% margin), and $199 million in free cash flow (30% margin). PLTR also increased guidance for 2021 as they now expect revenue growth of 40% YoY compared to their previous projection of 30% and increased their projection in FCF to $400 million from $300 million. In addition to the numbers, PLTR announced new product platforms and use cases that have tremendous potential to drive revenue and FCF in the future. I believe this sell-off will be short-lived and I am looking at it as a buying opportunity.</p><p><blockquote>财报中有什么不让人喜欢的地方导致了一直徘徊在-9.03%区间的抛售？PLTR收入同比增长36%，第三季度增加了34个新客户，并完成了54笔价值100万美元或以上的交易。PLTR的剩余交易价值同比增加了50%，达到36亿美元，并提供了1.01亿美元的运营现金（利润率26%）和1.99亿美元的自由现金流（利润率30%）。PLTR还提高了2021年的指导，因为他们现在预计收入同比增长40%，而之前的预测为30%，并将自由现金流预测从3亿美元提高到4亿美元。除了这些数字之外，PLTR还宣布了新的产品平台和用例，这些平台和用例在未来推动收入和自由现金流方面具有巨大潜力。我相信这次抛售将是短暂的，我将其视为买入机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8cfe1dd0e9b2c6a24ce3cb94bcfda56c\" tg-width=\"640\" tg-height=\"341\" width=\"100%\" height=\"auto\"><span>(Source: Seeking Alpha)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：寻求阿尔法）</span></p></blockquote></p><p> <b>Palantir's revenue continues to expand on both the commercial and government side</b></p><p><blockquote><b>Palantir在商业和政府方面的收入持续扩张</b></blockquote></p><p> Quarter after Quarter since PLTR went public, their commercial business has expanded. After five quarters of going public, PLTR's quarterly commercial revenue has increased by $62 million or 55.36%. In Q3 2021, PLTR delivered $174 million in revenue from its commercial operations, which accounted for 44.38% of its $392.1 million quarterly revenue. Over the previous two years, PLTR's Q3 revenue has increased by 85.11% as it grew by 35.11% in Q3 2020 YoY and by another 37.01% YoY in Q3 of 2021. PLTR's commercial remaining deal value increased by 101% YoY from $1.1 billion in Q3 2020 to $2.2 billion in Q3 2021. Commercial customers are inviting PLTR to present their software solutions, and PLTR is winning their business. In Q3 2021, PLTR added 34 net new customers increasing their commercial customer base by 20% QoQ to 203. Over the past year, PLTR has seen its commercial customer base expand by 46.04% as it has grown by 64 clients from 139 to 203. Anyone who still classifies PLTR as a black box is not being accurate as the commercial market is learning about PLTR's software platforms and implementing their solutions to improve their operations.</p><p><blockquote>自PLTR上市以来，他们的商业业务逐季扩张。上市五个季度后，PLTR的季度商业收入增长了6200万美元，增幅为55.36%。2021年第三季度，PLTR的商业运营收入为1.74亿美元，占其3.921亿美元季度收入的44.38%。过去两年，PLTR第三季度收入增长了85.11%，其中2020年第三季度同比增长35.11%，2021年第三季度同比增长37.01%。PLTR的商业剩余交易价值同比增长101%，从2020年第三季度的11亿美元增至2021年第三季度的22亿美元。商业客户邀请PLTR展示他们的软件解决方案，PLTR正在赢得他们的业务。2021年第三季度，PLTR净新增34家新客户，商业客户群环比增加20%，达到203家。过去一年，PLTR的商业客户群扩大了46.04%，客户数量从139个增加到203个，增加了64个。任何仍然将PLTR归类为黑匣子的人都是不准确的，因为商业市场正在了解PLTR的软件平台并实施其解决方案以改善其运营。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa4084630f4e4be30a41c925c5a3fd0a\" tg-width=\"640\" tg-height=\"374\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> Since Q1 of 2020, PLTR has increased its quarterly revenue by $163.1 million (71.23%) at an average quarterly growth rate of 9.43% QoQ. In Q3 of 2021, this trend stayed intact as revenue increased by $16.1 million QoQ or 4.28%. While the quarterly revenue growth slowed a bit QoQ compared to 10.26% in Q2 2021, PLTR is projecting its Q4 2021 revenue will be $418 million. PLTR is expecting to deliver another company record and generate $25.9 million (6.61%) in QoQ growth to close out the year.</p><p><blockquote>自2020年第一季度以来，PLTR的季度收入增加了1.631亿美元（71.23%），平均季度环比增长率为9.43%。2021年第三季度，这一趋势保持不变，收入环比增长1610万美元，即4.28%。虽然与2021年第二季度的10.26%相比，季度收入增长环比略有放缓，但PLTR预计2021年第四季度收入将为4.18亿美元。PLTR预计将再创公司纪录，并在年底实现2590万美元（6.61%）的环比增长。</blockquote></p><p></p><p> The same growth story applies to their total revenue in the trailing twelve months (TTM) as well. Over the last six quarters, PLTR's TTM revenue has increased by $620.6 million (76.55%) from $810.6 million to $1.43 billion. On average, PLTR's TTM revenue growth has increased by $103.42 million (9.94%) QoQ. In Q1 2020 - Q3 2020, their average QoQ revenue growth was $94.03 million, and this has increased substantially as the past three quarters have all increased by at least $105 million QoQ. In Q3 2021, PLTR increased its TTM revenue to $1.43 billion as it added $106.8 million (8.06%) in QoQ revenue growth. Just like the quarterly metric, PLTR's TTM is expected to grow QoQ by an additional $95.9 million to $1.527 billion compared to $1.51 billion in the consensus estimate. This would place PLTR's annual revenue growth YoY well ahead of their 30% projection as they would finish 2021 having increased its revenue by $434.30 million (39.75%)</p><p><blockquote>同样的增长故事也适用于他们过去12个月(TTM)的总收入。在过去六个季度中，PLTR的TTM收入从8.106亿美元增加到14.3亿美元，增加了6.206亿美元（76.55%）。平均而言，PLTR的TTM收入环比增长1.0342亿美元（9.94%）。在Q1 2020-2020年第三季度，他们的平均环比收入增长为9403万美元，这一数字大幅增长，因为过去三个季度环比增长了至少1.05亿美元。2021年第三季度，PLTR的TTM收入增加至14.3亿美元，环比收入增长1.068亿美元（8.06%）。就像季度指标一样，PLTR的TTM预计将环比增长9590万美元，达到15.27亿美元，而市场普遍预期为15.1亿美元。这将使PLTR的年收入同比增长远高于30%的预测，因为到2021年，他们的收入将增加4.343亿美元(39.75%)</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0ec6211d7ecb04785f406c7661c9124\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> I am shocked PLTR is still in the red. PLTR is a high-growth company that is now FCF positive and expanding its metrics. In the first nine months of 2020, PLTR generated -$285 million in FCF, and at the end of the first nine months of 2021, PLTR has delivered a $605 million swing as it has produced $320 million in FCF YTD. PLTR previously increased their 2021 FCF guidance to $300, and they just increased it again to $400+ million. In the span of three months, PLTR increased its FCF projection by an additional 33.33%. In Q3, PLTR's FCF margin was 30%, and they are projecting $400+ million in FCF for 2021. At the very minimum, this would mean they will tack on an additional $80 million in FCF for 2021. If PLTR delivers $1.527 billion in revenue and $400 million in FCF, its 2021 FCF margin would be 26.2%. PLTR is still projecting 30% annual revenue growth YoY thru 2025, which would place their 2025 revenue at $4.36 billion based on their projection of $1.527 for 2021. At PLTR's current FCF margin, they would generate $1.14 billion in FCF in 2025. Considering PLTR's current trends, if they exceeded their projections and grew at 35% YoY, it would place their 2025 revenue at $5.07 billion. At their current FCF margin, they would then generate $1.33 billion in FCF in 2025.</p><p><blockquote>我很震惊PLTR仍然处于亏损状态。PLTR是一家高增长公司，目前自由现金流为正，并正在扩大其指标。2020年前9个月，PLTR产生了-2.85亿美元的自由现金流，截至2021年前9个月末，PLTR实现了6.05亿美元的波动，年初至今已产生了3.2亿美元的自由现金流。PLTR此前将2021年自由现金流指引提高至300美元，而他们刚刚再次将其提高至4亿美元以上。在三个月的时间里，PLTR将其自由现金流预测额外增加了33.33%。第三季度，PLTR的自由现金流利润率为30%，预计2021年自由现金流将超过4亿美元。至少，这意味着他们将在2021年额外增加8000万美元的自由现金流。如果PLTR实现15.27亿美元的收入和4亿美元的自由现金流，其2021年的自由现金流利润率将为26.2%。PLTR仍预计到2025年年收入将同比增长30%，根据2021年1.527美元的预测，2025年收入将达到43.6亿美元。按照PLTR目前的自由现金流利润率，他们将在2025年产生11.4亿美元的自由现金流。考虑到PLTR目前的趋势，如果他们超出预测并同比增长35%，那么他们2025年的收入将达到50.7亿美元。按照目前的自由现金流利润率，到2025年，他们将产生13.3亿美元的自由现金流。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87cff0d5c5ef70ea6926a1323c77bfe4\" tg-width=\"640\" tg-height=\"306\" width=\"100%\" height=\"auto\"><span>(Source: PLTR)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：PLTR）</span></p></blockquote></p><p> PLTR is firing on all cylinders. YoY, their Q3 revenue grew by 36%, they raised guidance on their FCF for a 2nd time from $300 million to $400+ million and have increased their annual revenue growth guidance from 30% to roughly 40%. PLTR is still maintaining its future revenue outlook of 30% annually YoY and is creating some impressive margins. PLTR's commercial revenue grew YoY by 37%, and their government revenue grew by 34% YoY in Q3. PLTR closed at least 54 deals worth at least $1 million during Q3, and 33 of those were at least $5 million in revenue, and 18 were at least $10 million in revenue. PLTR's growth metrics are impressive, and I am expecting them to under promise and over deliver going forward.</p><p><blockquote>PLTR正在全速点火。第三季度收入同比增长36%，第二次将自由现金流指引从3亿美元上调至4亿美元以上，并将年收入增长指引从30%上调至约40%。PLTR仍维持每年30%的未来收入前景，并创造了一些令人印象深刻的利润。第三季度PLTR的商业收入同比增长37%，政府收入同比增长34%。PLTR在第三季度完成了至少54笔价值至少100万美元的交易，其中33笔收入至少500万美元，18笔收入至少1000万美元。PLTR的增长指标令人印象深刻，我预计它们未来将低于承诺并超额交付。</blockquote></p><p> <b>Palantir is entering two new sectors that are going to be huge, carbon emissions, and crypto</b></p><p><blockquote><b>Palantir正在进入两个巨大的新领域：碳排放和加密货币</b></blockquote></p><p> In the past, I have written about future opportunities with the government, Amazon(NASDAQ:AMZN), and International Business Machines(NYSE:IBM). On today's earnings call, PLTR introduced significant information surrounding two new products they will be offering for carbon emissions and crypto.</p><p><blockquote>过去，我曾写过有关政府、亚马逊（纳斯达克股票代码：AMZN）和国际商业机器公司（纽约证券交易所股票代码：IBM）未来机遇的文章。在今天的收益看涨期权上，PLTR介绍了有关他们将为碳排放和加密货币提供的两种新产品的重要信息。</blockquote></p><p></p><p> There has been a fundamental shift in the USA over climate, and President Biden rejoined the Paris Agreement to reengage in tackling climate change. Part ofthe planis to reach a net-zero emission economy-wide by 2050. Recently President Biden at the United Nations climate summit in Glasgow, Scotland, pledged to work with the European Union and dozens of other nations to reduce overall methane emissions worldwide by 30% by 2030. No matter what your stance on climate is, there are many who believe we need to lower emissions, and many nations are working on a goal. To comply, companies such as&nbsp;Exxon Mobil(NYSE:XOM)&nbsp;are conducting longer-term research on several promising innovations with outside organizations, including direct air capture technology to&nbsp;scrub emissions out of the air&nbsp;and carbonate fuel cells&nbsp;to capture industrial emissions&nbsp;from flue gas streams of power plants or manufacturing facilities. Carbon emissions management is already a booming business, and PLTR is creating a module on Foundry to present a single pane to view revenue, margin, production, and all emissions so companies can manage outcomes more efficiently. Personally, I believe this has enormous potential to drive revenue for PLTR in the future.</p><p><blockquote>美国在气候问题上发生了根本性转变，拜登总统重新加入了《巴黎协定》，重新参与应对气候变化。该计划的一部分是到2050年实现整个经济的净零排放。最近，拜登总统在苏格兰格拉斯哥举行的联合国气候峰会上承诺与欧盟和其他数十个国家合作，到2030年将全球甲烷总排放量减少30%。无论你对气候的立场是什么，有许多人认为我们需要降低排放，许多国家正在朝着一个目标努力。为了遵守规定，埃克森美孚（纽约证券交易所股票代码：XOM）等公司正在与外部组织对几项有前途的创新进行长期研究，包括用于清除空气中排放物的直接空气捕获技术和用于捕获烟道中工业排放的碳酸盐燃料电池发电厂或制造设施的气流。碳排放管理已经是一项蓬勃发展的业务，PLTR正在Foundry上创建一个模块，以提供一个单一的窗格来查看收入、利润、生产和所有排放，以便公司可以更有效地管理结果。就我个人而言，我相信这对于推动PLTR未来的收入具有巨大的潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2386d938e7f452a340dbb130de508f6\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> The second huge prospect that PLTR discussed was Foundry for crypto. It looks like PLTR is leveraging their anti-money laundering and know-your-customer expertise. PLTR has worked with several governments over the years to find compliance issues with the world's largest banks and help those banks respond and strengthen their compliance programs. This makes complete sense, and when you go back to the contracts, PLTR has been awarded from the IRS and SEC (discussed in previous articles). In Q3 alone, PLTR inked 6 contracts with the IRS. If I had to guess, PLTR's software would be utilized by the IRS and the SEC on the government side and adopted on the commercial side by banks and crypto exchanges. Currently, in the past 24 hours,Coinbase(NASDAQ:COIN)&nbsp;is showing that Bitcoin (BTC-USD) has incurred a trading volume of $43.8 billion. I think PLTR will end up driving future revenue from both government and commercial contracts from its Foundry for Crypto.</p><p><blockquote>PLTR讨论的第二个巨大前景是加密货币代工。看起来PLTR正在利用他们的反洗钱和了解你的客户的专业知识。多年来，PLTR一直与多个政府合作，寻找全球最大银行的合规问题，并帮助这些银行应对和加强其合规计划。这是完全有道理的，当您回到合同时，PLTR已获得IRS和SEC的授予（在之前的文章中讨论过）。仅在第三季度，PLTR就与IRS签署了6份合同。如果让我猜的话，PLTR的软件将被IRS和SEC在政府方面使用，并被银行和加密货币交易所在商业方面采用。目前，在过去24小时内，Coinbase（纳斯达克：COIN）显示比特币（BTC-USD）的交易量为438亿美元。我认为PLTR最终将从其加密货币代工厂的政府和商业合同中获得未来的收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53c762e27799c80dbaa9914bb98a6a10\" tg-width=\"624\" tg-height=\"234\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Federal Procurement Database)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：联邦采购数据库）</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/005d57c6c5c926b35eac100fa35c7415\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> PLTR has become another statistic of the market misunderstanding its earnings and selling the news when the news was great. What more does anyone want PLTR to do? This was an excellent quarter with revenue increasing 36% YoY in Q3, FCF came in at $119 million with a 30% margin, and PLTR closed 54 deals worth more than $1 million each. PLTR beats revenue estimates, increases guidance for its full-year revenue than for the 2nd time, increases its FCF guidance. This was a sell the news on all positive factors, which is creating a buying opportunity. I am staying long on PLTR and plan to add to my position if the sell-off continues.</p><p><blockquote>PLTR已经成为市场误解其收益并在消息好的时候抛售消息的另一个统计数据。还有人想让PLTR做什么？这是一个出色的季度，第三季度收入同比增长36%，自由现金流为1.19亿美元，利润率为30%，PLTR完成了54笔交易，每笔价值超过100万美元。PLTR超出收入预期，第二次上调全年收入指引，上调自由现金流指引。这是一个基于所有积极因素的卖出消息，这创造了买入机会。我将做多PLTR，如果抛售继续，我计划增加我的头寸。</blockquote></p><p> <b>Seeking Alpha Marketplace</b></p><p><blockquote><b>寻求阿尔法市场</b></blockquote></p><p> I will be launching a subscription service called Barbell Capital on the Seeking Alpha Marketplace. Barbell Capital will provide exclusive research, model portfolios, investment tools, Q&amp;A sessions, watchlists, and additional features for its members. I will also have a live portfolio dedicated to generating capital from trading, selling puts and selling covered calls. The profits will be allocated to future capital appreciating investments and investing in dividend investments to generate income while we sleep.</p><p><blockquote>我将在Seeking Alpha市场上推出一项名为Barbell Capital的订阅服务。Barbell Capital将为其成员提供独家研究、模型投资组合、投资工具、问答环节、观察列表和其他功能。我还将拥有一个实时投资组合，致力于通过交易、出售看跌期权和出售备兑评级来产生资本。利润将分配给未来的资本增值投资和投资股息投资，在我们睡觉时产生收入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4468059-palantir-q3-beat-creating-an-opportunity\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4468059-palantir-q3-beat-creating-an-opportunity","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129543601","content_text":"Summary\n\nPalantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating a 30% margin.\nPalantir's commercial revenue increased 37%, and government revenue grew by 34% YoY in Q3 showing strong forward growth trends.\nPalantir closed 54 deals in Q3 2021 with at least $1 million in contract value with 33 valued at $5+ million and 18 at $10+ million.\nPalantir increases guidance again and expects 40% revenue growth YoY at $1.527 billion and $400 million in FCF up from the previous guidance increase of $300 million.\n\nAndreas Rentz/Getty Images Entertainment\nSome investors love to hate Palantir (PLTR), which was nicknamed a black box company in the past, while others absolutely love it because they believe PLTR's software is the future. In my previous article on PLTR, I stated that based on PLTR's current revenue trend, they were setting up to deliver $399.41 million in revenue for Q3 and $423.22 million of revenue in Q4. The consensus number was $386.56 million of revenue in Q3, and PLTR delivered $392.1 million and forecasted $418 million in Q4 2021. The reaction in premarket as the earnings call was being conducted was nothing but a sea of red as PLTR sharply declined, and each time a gap tried to fill, the next leg on the downward spiral started. The news wasn't even digested, yet people decided to either take profits, exit their position or lost faith in PLTR.\nWhat wasn't there to like in the earnings release to cause the sell-off that has been hovering in the -9.03% range? PLTR delivered 36% YoY revenue growth, added 34 new customers in Q3, and closed 54 deals worth $1 million or more. PLTR increased their remaining deal value by 50% YoY to $3.6 billion and delivered $101 million in cash from operations (26% margin), and $199 million in free cash flow (30% margin). PLTR also increased guidance for 2021 as they now expect revenue growth of 40% YoY compared to their previous projection of 30% and increased their projection in FCF to $400 million from $300 million. In addition to the numbers, PLTR announced new product platforms and use cases that have tremendous potential to drive revenue and FCF in the future. I believe this sell-off will be short-lived and I am looking at it as a buying opportunity.\n(Source: Seeking Alpha)\nPalantir's revenue continues to expand on both the commercial and government side\nQuarter after Quarter since PLTR went public, their commercial business has expanded. After five quarters of going public, PLTR's quarterly commercial revenue has increased by $62 million or 55.36%. In Q3 2021, PLTR delivered $174 million in revenue from its commercial operations, which accounted for 44.38% of its $392.1 million quarterly revenue. Over the previous two years, PLTR's Q3 revenue has increased by 85.11% as it grew by 35.11% in Q3 2020 YoY and by another 37.01% YoY in Q3 of 2021. PLTR's commercial remaining deal value increased by 101% YoY from $1.1 billion in Q3 2020 to $2.2 billion in Q3 2021. Commercial customers are inviting PLTR to present their software solutions, and PLTR is winning their business. In Q3 2021, PLTR added 34 net new customers increasing their commercial customer base by 20% QoQ to 203. Over the past year, PLTR has seen its commercial customer base expand by 46.04% as it has grown by 64 clients from 139 to 203. Anyone who still classifies PLTR as a black box is not being accurate as the commercial market is learning about PLTR's software platforms and implementing their solutions to improve their operations.\n(Source: Steven Fiorillo) (Data Source: Palantir)\nSince Q1 of 2020, PLTR has increased its quarterly revenue by $163.1 million (71.23%) at an average quarterly growth rate of 9.43% QoQ. In Q3 of 2021, this trend stayed intact as revenue increased by $16.1 million QoQ or 4.28%. While the quarterly revenue growth slowed a bit QoQ compared to 10.26% in Q2 2021, PLTR is projecting its Q4 2021 revenue will be $418 million. PLTR is expecting to deliver another company record and generate $25.9 million (6.61%) in QoQ growth to close out the year.\nThe same growth story applies to their total revenue in the trailing twelve months (TTM) as well. Over the last six quarters, PLTR's TTM revenue has increased by $620.6 million (76.55%) from $810.6 million to $1.43 billion. On average, PLTR's TTM revenue growth has increased by $103.42 million (9.94%) QoQ. In Q1 2020 - Q3 2020, their average QoQ revenue growth was $94.03 million, and this has increased substantially as the past three quarters have all increased by at least $105 million QoQ. In Q3 2021, PLTR increased its TTM revenue to $1.43 billion as it added $106.8 million (8.06%) in QoQ revenue growth. Just like the quarterly metric, PLTR's TTM is expected to grow QoQ by an additional $95.9 million to $1.527 billion compared to $1.51 billion in the consensus estimate. This would place PLTR's annual revenue growth YoY well ahead of their 30% projection as they would finish 2021 having increased its revenue by $434.30 million (39.75%)\n(Source: Steven Fiorillo) (Data Source: Palantir)\nI am shocked PLTR is still in the red. PLTR is a high-growth company that is now FCF positive and expanding its metrics. In the first nine months of 2020, PLTR generated -$285 million in FCF, and at the end of the first nine months of 2021, PLTR has delivered a $605 million swing as it has produced $320 million in FCF YTD. PLTR previously increased their 2021 FCF guidance to $300, and they just increased it again to $400+ million. In the span of three months, PLTR increased its FCF projection by an additional 33.33%. In Q3, PLTR's FCF margin was 30%, and they are projecting $400+ million in FCF for 2021. At the very minimum, this would mean they will tack on an additional $80 million in FCF for 2021. If PLTR delivers $1.527 billion in revenue and $400 million in FCF, its 2021 FCF margin would be 26.2%. PLTR is still projecting 30% annual revenue growth YoY thru 2025, which would place their 2025 revenue at $4.36 billion based on their projection of $1.527 for 2021. At PLTR's current FCF margin, they would generate $1.14 billion in FCF in 2025. Considering PLTR's current trends, if they exceeded their projections and grew at 35% YoY, it would place their 2025 revenue at $5.07 billion. At their current FCF margin, they would then generate $1.33 billion in FCF in 2025.\n(Source: PLTR)\nPLTR is firing on all cylinders. YoY, their Q3 revenue grew by 36%, they raised guidance on their FCF for a 2nd time from $300 million to $400+ million and have increased their annual revenue growth guidance from 30% to roughly 40%. PLTR is still maintaining its future revenue outlook of 30% annually YoY and is creating some impressive margins. PLTR's commercial revenue grew YoY by 37%, and their government revenue grew by 34% YoY in Q3. PLTR closed at least 54 deals worth at least $1 million during Q3, and 33 of those were at least $5 million in revenue, and 18 were at least $10 million in revenue. PLTR's growth metrics are impressive, and I am expecting them to under promise and over deliver going forward.\nPalantir is entering two new sectors that are going to be huge, carbon emissions, and crypto\nIn the past, I have written about future opportunities with the government, Amazon(NASDAQ:AMZN), and International Business Machines(NYSE:IBM). On today's earnings call, PLTR introduced significant information surrounding two new products they will be offering for carbon emissions and crypto.\nThere has been a fundamental shift in the USA over climate, and President Biden rejoined the Paris Agreement to reengage in tackling climate change. Part ofthe planis to reach a net-zero emission economy-wide by 2050. Recently President Biden at the United Nations climate summit in Glasgow, Scotland, pledged to work with the European Union and dozens of other nations to reduce overall methane emissions worldwide by 30% by 2030. No matter what your stance on climate is, there are many who believe we need to lower emissions, and many nations are working on a goal. To comply, companies such as Exxon Mobil(NYSE:XOM) are conducting longer-term research on several promising innovations with outside organizations, including direct air capture technology to scrub emissions out of the air and carbonate fuel cells to capture industrial emissions from flue gas streams of power plants or manufacturing facilities. Carbon emissions management is already a booming business, and PLTR is creating a module on Foundry to present a single pane to view revenue, margin, production, and all emissions so companies can manage outcomes more efficiently. Personally, I believe this has enormous potential to drive revenue for PLTR in the future.\n(Source: Palantir)\nThe second huge prospect that PLTR discussed was Foundry for crypto. It looks like PLTR is leveraging their anti-money laundering and know-your-customer expertise. PLTR has worked with several governments over the years to find compliance issues with the world's largest banks and help those banks respond and strengthen their compliance programs. This makes complete sense, and when you go back to the contracts, PLTR has been awarded from the IRS and SEC (discussed in previous articles). In Q3 alone, PLTR inked 6 contracts with the IRS. If I had to guess, PLTR's software would be utilized by the IRS and the SEC on the government side and adopted on the commercial side by banks and crypto exchanges. Currently, in the past 24 hours,Coinbase(NASDAQ:COIN) is showing that Bitcoin (BTC-USD) has incurred a trading volume of $43.8 billion. I think PLTR will end up driving future revenue from both government and commercial contracts from its Foundry for Crypto.\n(Source: Steven Fiorillo) (Data Source: Federal Procurement Database)\n(Source: Palantir)\nConclusion\nPLTR has become another statistic of the market misunderstanding its earnings and selling the news when the news was great. What more does anyone want PLTR to do? This was an excellent quarter with revenue increasing 36% YoY in Q3, FCF came in at $119 million with a 30% margin, and PLTR closed 54 deals worth more than $1 million each. PLTR beats revenue estimates, increases guidance for its full-year revenue than for the 2nd time, increases its FCF guidance. This was a sell the news on all positive factors, which is creating a buying opportunity. I am staying long on PLTR and plan to add to my position if the sell-off continues.\nSeeking Alpha Marketplace\nI will be launching a subscription service called Barbell Capital on the Seeking Alpha Marketplace. Barbell Capital will provide exclusive research, model portfolios, investment tools, Q&A sessions, watchlists, and additional features for its members. I will also have a live portfolio dedicated to generating capital from trading, selling puts and selling covered calls. The profits will be allocated to future capital appreciating investments and investing in dividend investments to generate income while we sleep.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":423,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829666005,"gmtCreate":1633500502642,"gmtModify":1633500502973,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"feels like a bubble...not sure how much i trust this","listText":"feels like a bubble...not sure how much i trust this","text":"feels like a bubble...not sure how much i trust this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/829666005","repostId":"1103782575","repostType":4,"repost":{"id":"1103782575","kind":"news","pubTimestamp":1633486462,"share":"https://www.laohu8.com/m/news/1103782575?lang=zh_CN&edition=full","pubTime":"2021-10-06 10:14","market":"us","language":"en","title":"Don't worry (too much) about an October market crash<blockquote>不要（过于）担心十月市场崩盘</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103782575","media":"CNN Business","summary":"New York (CNN Business) - October has often been a spooky month on Wall Street. Stocks famously cras","content":"<p><b>New York (CNN Business)&nbsp;-&nbsp;</b>October has often been a spooky month on Wall Street. Stocks famously crashed in October 1929, 1987 and, most recently, 2008.</p><p><blockquote><b>纽约（CNN商业）——</b>十月在华尔街通常是一个阴森的月份。股市在1929年10月、1987年以及最近的2008年暴跌。</blockquote></p><p> But&nbsp;the marketisn't always a terrifying place to be just before Halloween. In fact,stocks typically go up&nbsp;in October.</p><p><blockquote>但万圣节前夕，市场并不总是一个可怕的地方。事实上，股市通常会在十月份上涨。</blockquote></p><p> According to data from Ryan Detrick, chief market strategist at LPL Financial, October is just about in the middle of the pack: It has been the 7th best month for the S&amp;P 500 since 1950 and the 4th best over the past 10 and 20 years.</p><p><blockquote>根据LPL Financial首席市场策略师Ryan Detrick的数据，10月份几乎处于中间位置：它是标普500自1950年以来第7个最佳月份，也是过去10年和20年中第4个最佳月份。</blockquote></p><p> \"October is known for some spectacular crashes and many expect bad things to happen again this year,\" Detrick said in a report last week. \"But the truth is this month is simply misunderstood, as historically it is about an average month.\"</p><p><blockquote>德特里克在上周的一份报告中表示：“十月份因一些壮观的车祸而闻名，许多人预计今年会再次发生糟糕的事情。”“但事实是这个月只是被误解了，因为从历史上看，它大约是一个普通的月份。”</blockquote></p><p> And it could be better than average this October, because there are no potentially game-changing election results coming in November.</p><p><blockquote>今年10月的情况可能会好于平均水平，因为11月没有可能改变游戏规则的选举结果。</blockquote></p><p> Since 1999, the S&amp;P 500 has gained 3.6% in odd-year Octobers and fallen 1.1% in even-numbered ones, corresponding to the US election schedule.</p><p><blockquote>自1999年以来，标普500在奇数年10月上涨3.6%，在偶数年10月下跌1.1%，与美国大选时间表相对应。</blockquote></p><p> \"It turns out stocks don't like politics much,\" Detrick said.</p><p><blockquote>“事实证明，股票不太喜欢政治，”德特里克说。</blockquote></p><p> <b>Many risks remain but outlook still promising for stocks</b></p><p><blockquote><b>许多风险依然存在，但股市前景仍然乐观</b></blockquote></p><p> Of course DC headlines could still roil the market this year, albeit not because of an election.</p><p><blockquote>当然，今年DC的头条新闻仍可能扰乱市场，尽管不是因为选举。</blockquote></p><p> The debt ceiling debate has yet to be resolved, and Congress still hasn't passed President Joe Biden's infrastructure and social spending plans. Meanwhile Biden also must soon decide whether he wants to nominate Jerome Powell for a second term as Fed chairman or pick someone else.</p><p><blockquote>债务上限争论尚未解决，国会仍未通过总统乔·拜登的基础设施和社会支出计划。与此同时，拜登还必须很快决定是提名杰罗姆·鲍威尔连任美联储主席，还是选择其他人。</blockquote></p><p> \"The fourth quarter — like the conclusion of sporting events or Broadway plays — is where the drama lies,\" Louis Navellier, chairman of Navellier &amp; Associates, said in a report last week.</p><p><blockquote>Navellier&amp;Associates董事长路易斯·纳维利尔(Louis Navellier)在上周的一份报告中表示：“第四季度——就像体育赛事或百老汇戏剧的结局一样——是戏剧所在。”</blockquote></p><p> That said, Navellier is hopeful the usual seasonal tailwinds for the markets and the broader economy will lift stocks this year.</p><p><blockquote>尽管如此，纳维利尔希望市场和整体经济通常的季节性顺风能够提振今年的股市。</blockquote></p><p> Stocks tend to enjoy not just solid gains in October, but also for the remainder of the fourth quarter. Consumer spending surges during the holiday shopping season and businesses often look to boost investments before annual budgets run out.</p><p><blockquote>股市往往不仅在10月份强劲上涨，而且在第四季度剩余时间也是如此。消费者支出在假日购物季激增，企业通常希望在年度预算用完之前增加投资。</blockquote></p><p> With that in mind, some strategists think that investors will continue to focus on the positive when looking ahead to earnings for Q4 and 2022.</p><p><blockquote>考虑到这一点，一些策略师认为，在展望第四季度和2022年的收益时，投资者将继续关注积极的一面。</blockquote></p><p> Yes, worries remain about Covid-19, Fed policy, inflation, global shipping delays and numerous other economic warning signs.</p><p><blockquote>是的，对新冠肺炎、美联储政策、通货膨胀、全球航运延误和许多其他经济警告信号的担忧仍然存在。</blockquote></p><p> But although this could create more volatility than usual in October and the rest of the fourth quarter, few expect that these challenges will lead to another recession. So the path of least resistance for stocks is still upward.</p><p><blockquote>不过，尽管这可能会在10月份和第四季度剩余时间造成比往常更大的波动，但很少有人预计这些挑战会导致另一场衰退。所以股票阻力最小的路径仍然是向上。</blockquote></p><p> \"Virtually all of these problems are showing tangible signs toward resolution,\" Robert Teeter, managing director at Silvercrest Asset Management, said in a report Monday, \"and should not inflict any long-term damage to stock valuations.\"</p><p><blockquote>Silvercrest Asset Management董事总经理罗伯特·蒂特(Robert Teeter)在周一的一份报告中表示：“几乎所有这些问题都显示出解决的切实迹象，并且不会对股票估值造成任何长期损害。”</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>Don't worry (too much) about an October market crash<blockquote>不要（过于）担心十月市场崩盘</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\">\nDon't worry (too much) about an October market crash<blockquote>不要（过于）担心十月市场崩盘</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-10-06 10:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>New York (CNN Business)&nbsp;-&nbsp;</b>October has often been a spooky month on Wall Street. Stocks famously crashed in October 1929, 1987 and, most recently, 2008.</p><p><blockquote><b>纽约（CNN商业）——</b>十月在华尔街通常是一个阴森的月份。股市在1929年10月、1987年以及最近的2008年暴跌。</blockquote></p><p> But&nbsp;the marketisn't always a terrifying place to be just before Halloween. In fact,stocks typically go up&nbsp;in October.</p><p><blockquote>但万圣节前夕，市场并不总是一个可怕的地方。事实上，股市通常会在十月份上涨。</blockquote></p><p> According to data from Ryan Detrick, chief market strategist at LPL Financial, October is just about in the middle of the pack: It has been the 7th best month for the S&amp;P 500 since 1950 and the 4th best over the past 10 and 20 years.</p><p><blockquote>根据LPL Financial首席市场策略师Ryan Detrick的数据，10月份几乎处于中间位置：它是标普500自1950年以来第7个最佳月份，也是过去10年和20年中第4个最佳月份。</blockquote></p><p> \"October is known for some spectacular crashes and many expect bad things to happen again this year,\" Detrick said in a report last week. \"But the truth is this month is simply misunderstood, as historically it is about an average month.\"</p><p><blockquote>德特里克在上周的一份报告中表示：“十月份因一些壮观的车祸而闻名，许多人预计今年会再次发生糟糕的事情。”“但事实是这个月只是被误解了，因为从历史上看，它大约是一个普通的月份。”</blockquote></p><p> And it could be better than average this October, because there are no potentially game-changing election results coming in November.</p><p><blockquote>今年10月的情况可能会好于平均水平，因为11月没有可能改变游戏规则的选举结果。</blockquote></p><p> Since 1999, the S&amp;P 500 has gained 3.6% in odd-year Octobers and fallen 1.1% in even-numbered ones, corresponding to the US election schedule.</p><p><blockquote>自1999年以来，标普500在奇数年10月上涨3.6%，在偶数年10月下跌1.1%，与美国大选时间表相对应。</blockquote></p><p> \"It turns out stocks don't like politics much,\" Detrick said.</p><p><blockquote>“事实证明，股票不太喜欢政治，”德特里克说。</blockquote></p><p> <b>Many risks remain but outlook still promising for stocks</b></p><p><blockquote><b>许多风险依然存在，但股市前景仍然乐观</b></blockquote></p><p> Of course DC headlines could still roil the market this year, albeit not because of an election.</p><p><blockquote>当然，今年DC的头条新闻仍可能扰乱市场，尽管不是因为选举。</blockquote></p><p> The debt ceiling debate has yet to be resolved, and Congress still hasn't passed President Joe Biden's infrastructure and social spending plans. Meanwhile Biden also must soon decide whether he wants to nominate Jerome Powell for a second term as Fed chairman or pick someone else.</p><p><blockquote>债务上限争论尚未解决，国会仍未通过总统乔·拜登的基础设施和社会支出计划。与此同时，拜登还必须很快决定是提名杰罗姆·鲍威尔连任美联储主席，还是选择其他人。</blockquote></p><p> \"The fourth quarter — like the conclusion of sporting events or Broadway plays — is where the drama lies,\" Louis Navellier, chairman of Navellier &amp; Associates, said in a report last week.</p><p><blockquote>Navellier&amp;Associates董事长路易斯·纳维利尔(Louis Navellier)在上周的一份报告中表示：“第四季度——就像体育赛事或百老汇戏剧的结局一样——是戏剧所在。”</blockquote></p><p> That said, Navellier is hopeful the usual seasonal tailwinds for the markets and the broader economy will lift stocks this year.</p><p><blockquote>尽管如此，纳维利尔希望市场和整体经济通常的季节性顺风能够提振今年的股市。</blockquote></p><p> Stocks tend to enjoy not just solid gains in October, but also for the remainder of the fourth quarter. Consumer spending surges during the holiday shopping season and businesses often look to boost investments before annual budgets run out.</p><p><blockquote>股市往往不仅在10月份强劲上涨，而且在第四季度剩余时间也是如此。消费者支出在假日购物季激增，企业通常希望在年度预算用完之前增加投资。</blockquote></p><p> With that in mind, some strategists think that investors will continue to focus on the positive when looking ahead to earnings for Q4 and 2022.</p><p><blockquote>考虑到这一点，一些策略师认为，在展望第四季度和2022年的收益时，投资者将继续关注积极的一面。</blockquote></p><p> Yes, worries remain about Covid-19, Fed policy, inflation, global shipping delays and numerous other economic warning signs.</p><p><blockquote>是的，对新冠肺炎、美联储政策、通货膨胀、全球航运延误和许多其他经济警告信号的担忧仍然存在。</blockquote></p><p> But although this could create more volatility than usual in October and the rest of the fourth quarter, few expect that these challenges will lead to another recession. So the path of least resistance for stocks is still upward.</p><p><blockquote>不过，尽管这可能会在10月份和第四季度剩余时间造成比往常更大的波动，但很少有人预计这些挑战会导致另一场衰退。所以股票阻力最小的路径仍然是向上。</blockquote></p><p> \"Virtually all of these problems are showing tangible signs toward resolution,\" Robert Teeter, managing director at Silvercrest Asset Management, said in a report Monday, \"and should not inflict any long-term damage to stock valuations.\"</p><p><blockquote>Silvercrest Asset Management董事总经理罗伯特·蒂特(Robert Teeter)在周一的一份报告中表示：“几乎所有这些问题都显示出解决的切实迹象，并且不会对股票估值造成任何长期损害。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/10/05/investing/october-stocks/index.html\">CNN Business</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://edition.cnn.com/2021/10/05/investing/october-stocks/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103782575","content_text":"New York (CNN Business) - October has often been a spooky month on Wall Street. Stocks famously crashed in October 1929, 1987 and, most recently, 2008.\nBut the marketisn't always a terrifying place to be just before Halloween. In fact,stocks typically go up in October.\nAccording to data from Ryan Detrick, chief market strategist at LPL Financial, October is just about in the middle of the pack: It has been the 7th best month for the S&P 500 since 1950 and the 4th best over the past 10 and 20 years.\n\"October is known for some spectacular crashes and many expect bad things to happen again this year,\" Detrick said in a report last week. \"But the truth is this month is simply misunderstood, as historically it is about an average month.\"\nAnd it could be better than average this October, because there are no potentially game-changing election results coming in November.\nSince 1999, the S&P 500 has gained 3.6% in odd-year Octobers and fallen 1.1% in even-numbered ones, corresponding to the US election schedule.\n\"It turns out stocks don't like politics much,\" Detrick said.\nMany risks remain but outlook still promising for stocks\nOf course DC headlines could still roil the market this year, albeit not because of an election.\nThe debt ceiling debate has yet to be resolved, and Congress still hasn't passed President Joe Biden's infrastructure and social spending plans. Meanwhile Biden also must soon decide whether he wants to nominate Jerome Powell for a second term as Fed chairman or pick someone else.\n\"The fourth quarter — like the conclusion of sporting events or Broadway plays — is where the drama lies,\" Louis Navellier, chairman of Navellier & Associates, said in a report last week.\nThat said, Navellier is hopeful the usual seasonal tailwinds for the markets and the broader economy will lift stocks this year.\nStocks tend to enjoy not just solid gains in October, but also for the remainder of the fourth quarter. Consumer spending surges during the holiday shopping season and businesses often look to boost investments before annual budgets run out.\nWith that in mind, some strategists think that investors will continue to focus on the positive when looking ahead to earnings for Q4 and 2022.\nYes, worries remain about Covid-19, Fed policy, inflation, global shipping delays and numerous other economic warning signs.\nBut although this could create more volatility than usual in October and the rest of the fourth quarter, few expect that these challenges will lead to another recession. So the path of least resistance for stocks is still upward.\n\"Virtually all of these problems are showing tangible signs toward resolution,\" Robert Teeter, managing director at Silvercrest Asset Management, said in a report Monday, \"and should not inflict any long-term damage to stock valuations.\"","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":861599490,"gmtCreate":1632515492310,"gmtModify":1632714405378,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"ironic though when ure supposed to 'buy low sell high'","listText":"ironic though when ure supposed to 'buy low sell high'","text":"ironic though when ure supposed to 'buy low sell high'","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/861599490","repostId":"1187521937","repostType":4,"isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":885651694,"gmtCreate":1631789684718,"gmtModify":1631889874769,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"just buy both xD","listText":"just buy both xD","text":"just buy both xD","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/885651694","repostId":"1126607843","repostType":4,"repost":{"id":"1126607843","kind":"news","pubTimestamp":1631785252,"share":"https://www.laohu8.com/m/news/1126607843?lang=zh_CN&edition=full","pubTime":"2021-09-16 17:40","market":"us","language":"en","title":"Apple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction<blockquote>苹果Vs。微软：在修正的情况下，谁更容易跌倒</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126607843","media":"seekingalpha","summary":"Summary\n\nObjectively, the likelihood of a significant correction in the stock market now deserves at","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Objectively, the likelihood of a significant correction in the stock market now deserves attention.</li>  <li>In the recent past, Apple and Microsoft have responded differently to a significant decline in the stock market.</li>  <li>Apple and&nbsp;Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</li>  <li>In the event of a hypothetical correction, Microsoft's potential for falling is lower than Apple's.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a07b4e98bb726c0044932fc29b3089b3\" tg-width=\"1536\" tg-height=\"1208\" width=\"100%\" height=\"auto\"><span>vicnt/iStock via Getty Images</span></p><p><blockquote><ul><li>客观而言，现在股市大幅回调的可能性值得关注。</li><li>最近，苹果和微软对股市大幅下跌的反应不同。</li><li>苹果和微软在未来现金流方面往往被低估，而在潜在股息方面则被高估。</li><li>在假设回调的情况下，微软下跌的可能性低于苹果。</li></ul><p class=\"t-img-caption\"><span>vicnt/iStock来自Getty Images</span></p></blockquote></p><p> <b>As an introduction...</b></p><p><blockquote><b>作为介绍...</b></blockquote></p><p> Since the last major correction in the US stock market ended in March 2020, the Nasdaq index has risen nearly 170%:</p><p><blockquote>自2020年3月美股上一次大回调结束以来，纳斯达克指数累计上涨近170%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05a849f8e9ddf15f484770a5f0227fcd\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> For a year and a half, this is a very strong result, considering that the average annual total price return of the index over the past decade does not exceed 20%.<i>This fact alone makes us estimate the likelihood of a new significant correction in the stock market higher.</i></p><p><blockquote>对于一年半来说，考虑到该指数过去十年的年均总价格回报率不超过20%，这是一个非常强劲的结果。<i>仅这一事实就让我们估计股市有可能出现新的大幅回调。</i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37eb0178d9d463c7419b99632a6ec614\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：VisualizedAnalytics</span></p></blockquote></p><p> In addition, there are other factors that make us wary of the current price level of the market.</p><p><blockquote>此外，还有其他因素让我们对市场目前的价格水平保持警惕。</blockquote></p><p> First, this year there is a record inflow of liquidity to the stock market. I'm not talking about the reasons now, they are obvious. But this fact alone makes the market extremely volatile:</p><p><blockquote>首先，今年流入股市的流动性创历史新高。我现在不说原因，很明显。但仅这一事实就让市场异常波动：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/10623d7cecd8dec70bb229b809458b68\" tg-width=\"1242\" tg-height=\"918\" width=\"100%\" height=\"auto\"><span>Source: Bank of America</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：美国银行</span></p></blockquote></p><p> Second, the relative size of the US stock market has exceeded 200% of nominal GDP. In principle, this is not a fundamental limit. But it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level. And most likely, in this context, a reversal is&nbsp;already outlined.</p><p><blockquote>第二，美国股市的相对规模已经超过名义GDP的200%。原则上，这不是一个根本性的限制。但正是超软货币政策让美国股市达到了目前的创纪录水平。最有可能的是，在这种情况下，逆转已经出现。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f69cd6450737ddf3e5fcbd6406c793ba\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：VisualizedAnalytics</span></p></blockquote></p><p> And finally the third. The macrocycle also allows us to expect the market to enter a phase of increased volatility and tightening of monetary policy:</p><p><blockquote>最后是第三个。宏观周期也让我们预计市场将进入波动加剧和货币政策收紧的阶段：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d6a6a794dde6f4e1d3e6e9149b55060\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：VisualizedAnalytics</span></p></blockquote></p><p> So, objectively, the likelihood of the next correction of the stock market at least deserves attention. And in this context, I propose to answer the question:<i>in case of a correction, which company is inclined to fall harder - Apple (AAPL) or Microsoft (MSFT)?</i></p><p><blockquote>所以，客观而言，股市下一次回调的可能性至少值得关注。在这种情况下，我建议回答这个问题：<i>如果出现调整，苹果（AAPL）和微软（MSFT）哪家公司的跌幅更大？</i></blockquote></p><p> <b>Why Apple vs. Microsoft?</b></p><p><blockquote><b>为什么是苹果对微软？</b></blockquote></p><p> The decision to compare exactly these two companies was dictated by two factors.</p><p><blockquote>准确比较这两家公司的决定由两个因素决定。</blockquote></p><p> Firstly, these are the two largest companies in the tech sector, together accounting for more than 10% of the total capitalization of the US stock market. These companies are so large that, in principle, their dynamics alone can cause a new wave of correction:</p><p><blockquote>首先，这是科技行业最大的两家公司，合计占美国股市总市值的10%以上。这些公司规模如此之大，以至于原则上，仅凭它们的动态就可以引发新一波的调整：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cf3ef401b67c298ecbd9d56d31fc6927\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/31417d34d6eacb724c20b3a274068467\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：VisualizedAnalytics</span></p></blockquote></p><p> Secondly, both companies pay dividends. In matters of fundamental valuation, this factor plays a significant role.</p><p><blockquote>其次，两家公司都支付股息。在基本面估值方面，这一因素发挥着重要作用。</blockquote></p><p> <b>Some Statistics</b></p><p><blockquote><b>一些统计数据</b></blockquote></p><p> To begin with, let's take a look at what price dynamics both companies have shown during strong market fluctuations in the recent past.</p><p><blockquote>首先，让我们来看看两家公司在近期市场剧烈波动期间表现出的价格动态。</blockquote></p><p> To do this, I have broken the three-year span into eight periods of market movement:</p><p><blockquote>为了做到这一点，我将三年的时间跨度分为八个市场运动时期：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edfd9dec91d94990cf5217aa649758ac\" tg-width=\"947\" tg-height=\"578\" width=\"100%\" height=\"auto\"><span>Source: TradingView, Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：TradingView，作者</span></p></blockquote></p><p> Here are the results that companies have shown in each of the periods:</p><p><blockquote>以下是公司在每个时期显示的结果：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/868067f19c2251bfdb0658a251596fcc\" tg-width=\"640\" tg-height=\"214\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p></p><p> At first glance, the statistics are unambiguous:<i>during periods of correction, the price of Microsoft tends to decrease less than that of Apple.</i>But on the other hand, Apple has consistently performed better during periods of market growth. And in this case, the result obtained can simply be explained by the technical factors of the market behavior.</p><p><blockquote>乍一看，统计数据毫不含糊：<i>在回调期间，微软价格的跌幅往往小于苹果。</i>但另一方面，苹果在市场增长时期的表现一直更好。并且在这种情况下，得到的结果可以简单地用市场行为的技术因素来解释。</blockquote></p><p> But in the current period of growth, both companies demonstrate approximately the same return. And therefore, here we do not find a clue to our question...</p><p><blockquote>但在当前的增长期，两家公司的回报大致相同。因此，在这里我们找不到问题的线索...</blockquote></p><p> <b>Fundamentals</b></p><p><blockquote><b>基本原则</b></blockquote></p><p> Exclusively in an investment context, the price of a company's share can be viewed from two points of view.</p><p><blockquote>仅在投资背景下，公司股票的价格可以从两个角度来看待。</blockquote></p><p> On the one hand, the price reflects the present value of the company's&nbsp;<b>future cash flow</b>. On the other hand, the price is the present value of the sum of&nbsp;<b>all potential dividends</b>that the company will pay in the future. Let's model these prices for Apple and Microsoft. And for this I will build, respectively, the Discounted Cash Flow Model and the Dividend Discount Model.</p><p><blockquote>价格一方面反映了公司的现值<b>未来现金流量</b>另一方面，价格是以下各项之和的现值<b>所有潜在股息</b>公司未来将支付的费用。让我们对苹果和微软的价格进行建模。为此，我将分别建立贴现现金流模型和股息贴现模型。</blockquote></p><p> In order for the models to be less subjective, I will take as a basis the average expectations of analysts regarding the revenue and EPS of the companies in the next decade.</p><p><blockquote>为了使模型不那么主观，我将以分析师对公司未来十年收入和每股收益的平均预期为基础。</blockquote></p><p> Let's start with&nbsp;<b>Apple</b>. Here is the calculation of the Weighted Average Cost of Capital:</p><p><blockquote>让我们从<b>苹果</b>以下是加权平均资本成本的计算方法：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f8fc4e5dc7025dd1227ea5279073aa5\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Notes:</p><p><blockquote>附注：</blockquote></p><p> <ul>  <li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.33%).</li>  <li>I used the current&nbsp;value&nbsp;of the three-year beta coefficient. For a terminal year, I used Beta equal to 1.</li>  <li>To calculate the Cost of Debt, I used the interest expense for 2020 divided by the average debt in 2019 and 2018.</li> </ul> Here is the DCF model:</p><p><blockquote><ul><li>为了计算市场回报率，我使用了equityriskpremium（4.72%）和UST10的当前收益率作为无风险利率（1.33%）。</li><li>我使用了三年贝塔系数的当前值。在最后一年，我使用Beta等于1。</li><li>为了计算债务成本，我使用了2020年的利息支出除以2019年和2018年的平均债务。</li></ul>以下是DCF模型：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bfb45a9125bb1f465cd34a6a8a6d06a\" tg-width=\"640\" tg-height=\"520\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> <b>The DCF-based target price for Apple's shares is about $181 (+22%).</b></p><p><blockquote><b>基于DCF的苹果股票目标价约为181美元（+22%）。</b></blockquote></p><p> In the case of Apple, when building the Dividend Discount Model it is also necessary to take into account the fact that the company continues to actively buy back:</p><p><blockquote>以苹果为例，在构建股息贴现模型时还需要考虑公司持续积极回购的事实：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d84076d0fc1bb5dbec8c1e6e19434153\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Continuing the current dynamics, the model assumes that by the terminal year the number of diluted shares will be reduced to 13.5 billion.</p><p><blockquote>继续当前的动态，该模型假设到最后一年，稀释后的股票数量将减少至135亿股。</blockquote></p><p> Apple spends an average of 25% of its net income on dividends. I assume that the payout ratio will remain at this level.</p><p><blockquote>苹果平均将净利润的25%用于股息。我假设派息率将保持在这个水平。</blockquote></p><p> Here is the Dividend Discount Model itself:</p><p><blockquote>以下是股息折扣模型本身：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b8990a8299cc0652d77815710f0ab427\" tg-width=\"640\" tg-height=\"292\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> <b><i>The DDM-based target price for Apple's shares is $69 (-54%).</i></b></p><p><blockquote><b><i>基于DDM的苹果股票目标价为69美元（-54%）。</i></b></blockquote></p><p> Now let's take a look at Microsoft.</p><p><blockquote>现在我们来看看微软。</blockquote></p><p> Here is the calculation of the WACC:</p><p><blockquote>以下是WACC的计算：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/15889e90904c69497b749f28bd64190f\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> And here is the DCF model:</p><p><blockquote>这是DCF模型：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dca7339e43f534807bf043b1931e1db\" tg-width=\"640\" tg-height=\"506\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> <b>The DCF-based target price for Microsoft's shares is about $353 (+18%).</b></p><p><blockquote><b>基于DCF的微软股票目标价约为353美元（+18%）。</b></blockquote></p><p> Microsoft is also actively buying back shares:</p><p><blockquote>微软也在积极回购股票：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1deec463f584b5eb7913d72938d3e1ca\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> I proceed from the assumption that the dynamics of the last two years will continue, and by the terminal year, the number of diluted shares will be reduced to 7.2 billion.</p><p><blockquote>我假设过去两年的动态将持续下去，到最后一年，稀释后的股票数量将减少到72亿股。</blockquote></p><p> Here is the Dividend Discount Model:</p><p><blockquote>以下是股息折扣模型：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18c863b92e948f78e518d5619b44647d\" tg-width=\"640\" tg-height=\"283\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> <b><i>The DDM-based target price for Microsoft's shares is $203 (-32%).</i></b></p><p><blockquote><b><i>基于DDM的微软股票目标价为203美元（-32%）。</i></b></blockquote></p><p> Let's summarize:</p><p><blockquote>我们来总结一下：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/84b527d82270843e021a89a9ecdf68e6\" tg-width=\"906\" tg-height=\"212\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> It is worth noting that I have already been observing similar results in the case of these companies for a long time. I mean, Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</p><p><blockquote>值得注意的是，我长期以来一直在观察这些公司的类似结果。我的意思是，苹果和微软在未来现金流方面往往被低估，而在潜在股息方面则被高估。</blockquote></p><p></p><p> This suggests that during periods of market growth, investors are not particularly inclined to pay attention to dividends. Moreover, most likely dividends are perceived simply as a bonus.</p><p><blockquote>这表明，在市场增长期间，投资者并不特别倾向于关注股息。此外，最有可能的股息被简单地视为奖金。</blockquote></p><p> But during periods of market correction, the present value of potential dividends is the minimum level below which it is difficult for the price to fall. And in this context, I think Microsoft is in a better position than Apple.</p><p><blockquote>但在市场调整期间，潜在股息的现值是价格难以下跌的最低水平。在这种背景下，我认为微软比苹果处于更好的位置。</blockquote></p><p> <b>Bottom line</b></p><p><blockquote><b>底线</b></blockquote></p><p> At the current stage of the market cycle, when the likelihood of a correction has gone beyond formal, in my opinion, investing in Microsoft is less risky compared to Apple.</p><p><blockquote>在市场周期的当前阶段，当回调的可能性已经超出形式时，在我看来，与苹果相比，投资微软的风险较小。</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>Apple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction<blockquote>苹果Vs。微软：在修正的情况下，谁更容易跌倒</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\">\nApple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction<blockquote>苹果Vs。微软：在修正的情况下，谁更容易跌倒</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-09-16 17:40</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>Objectively, the likelihood of a significant correction in the stock market now deserves attention.</li>  <li>In the recent past, Apple and Microsoft have responded differently to a significant decline in the stock market.</li>  <li>Apple and&nbsp;Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</li>  <li>In the event of a hypothetical correction, Microsoft's potential for falling is lower than Apple's.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a07b4e98bb726c0044932fc29b3089b3\" tg-width=\"1536\" tg-height=\"1208\" width=\"100%\" height=\"auto\"><span>vicnt/iStock via Getty Images</span></p><p><blockquote><ul><li>客观而言，现在股市大幅回调的可能性值得关注。</li><li>最近，苹果和微软对股市大幅下跌的反应不同。</li><li>苹果和微软在未来现金流方面往往被低估，而在潜在股息方面则被高估。</li><li>在假设回调的情况下，微软下跌的可能性低于苹果。</li></ul><p class=\"t-img-caption\"><span>vicnt/iStock来自Getty Images</span></p></blockquote></p><p> <b>As an introduction...</b></p><p><blockquote><b>作为介绍...</b></blockquote></p><p> Since the last major correction in the US stock market ended in March 2020, the Nasdaq index has risen nearly 170%:</p><p><blockquote>自2020年3月美股上一次大回调结束以来，纳斯达克指数累计上涨近170%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05a849f8e9ddf15f484770a5f0227fcd\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> For a year and a half, this is a very strong result, considering that the average annual total price return of the index over the past decade does not exceed 20%.<i>This fact alone makes us estimate the likelihood of a new significant correction in the stock market higher.</i></p><p><blockquote>对于一年半来说，考虑到该指数过去十年的年均总价格回报率不超过20%，这是一个非常强劲的结果。<i>仅这一事实就让我们估计股市有可能出现新的大幅回调。</i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37eb0178d9d463c7419b99632a6ec614\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：VisualizedAnalytics</span></p></blockquote></p><p> In addition, there are other factors that make us wary of the current price level of the market.</p><p><blockquote>此外，还有其他因素让我们对市场目前的价格水平保持警惕。</blockquote></p><p> First, this year there is a record inflow of liquidity to the stock market. I'm not talking about the reasons now, they are obvious. But this fact alone makes the market extremely volatile:</p><p><blockquote>首先，今年流入股市的流动性创历史新高。我现在不说原因，很明显。但仅这一事实就让市场异常波动：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/10623d7cecd8dec70bb229b809458b68\" tg-width=\"1242\" tg-height=\"918\" width=\"100%\" height=\"auto\"><span>Source: Bank of America</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：美国银行</span></p></blockquote></p><p> Second, the relative size of the US stock market has exceeded 200% of nominal GDP. In principle, this is not a fundamental limit. But it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level. And most likely, in this context, a reversal is&nbsp;already outlined.</p><p><blockquote>第二，美国股市的相对规模已经超过名义GDP的200%。原则上，这不是一个根本性的限制。但正是超软货币政策让美国股市达到了目前的创纪录水平。最有可能的是，在这种情况下，逆转已经出现。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f69cd6450737ddf3e5fcbd6406c793ba\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：VisualizedAnalytics</span></p></blockquote></p><p> And finally the third. The macrocycle also allows us to expect the market to enter a phase of increased volatility and tightening of monetary policy:</p><p><blockquote>最后是第三个。宏观周期也让我们预计市场将进入波动加剧和货币政策收紧的阶段：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d6a6a794dde6f4e1d3e6e9149b55060\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：VisualizedAnalytics</span></p></blockquote></p><p> So, objectively, the likelihood of the next correction of the stock market at least deserves attention. And in this context, I propose to answer the question:<i>in case of a correction, which company is inclined to fall harder - Apple (AAPL) or Microsoft (MSFT)?</i></p><p><blockquote>所以，客观而言，股市下一次回调的可能性至少值得关注。在这种情况下，我建议回答这个问题：<i>如果出现调整，苹果（AAPL）和微软（MSFT）哪家公司的跌幅更大？</i></blockquote></p><p> <b>Why Apple vs. Microsoft?</b></p><p><blockquote><b>为什么是苹果对微软？</b></blockquote></p><p> The decision to compare exactly these two companies was dictated by two factors.</p><p><blockquote>准确比较这两家公司的决定由两个因素决定。</blockquote></p><p> Firstly, these are the two largest companies in the tech sector, together accounting for more than 10% of the total capitalization of the US stock market. These companies are so large that, in principle, their dynamics alone can cause a new wave of correction:</p><p><blockquote>首先，这是科技行业最大的两家公司，合计占美国股市总市值的10%以上。这些公司规模如此之大，以至于原则上，仅凭它们的动态就可以引发新一波的调整：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cf3ef401b67c298ecbd9d56d31fc6927\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/31417d34d6eacb724c20b3a274068467\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：VisualizedAnalytics</span></p></blockquote></p><p> Secondly, both companies pay dividends. In matters of fundamental valuation, this factor plays a significant role.</p><p><blockquote>其次，两家公司都支付股息。在基本面估值方面，这一因素发挥着重要作用。</blockquote></p><p> <b>Some Statistics</b></p><p><blockquote><b>一些统计数据</b></blockquote></p><p> To begin with, let's take a look at what price dynamics both companies have shown during strong market fluctuations in the recent past.</p><p><blockquote>首先，让我们来看看两家公司在近期市场剧烈波动期间表现出的价格动态。</blockquote></p><p> To do this, I have broken the three-year span into eight periods of market movement:</p><p><blockquote>为了做到这一点，我将三年的时间跨度分为八个市场运动时期：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edfd9dec91d94990cf5217aa649758ac\" tg-width=\"947\" tg-height=\"578\" width=\"100%\" height=\"auto\"><span>Source: TradingView, Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：TradingView，作者</span></p></blockquote></p><p> Here are the results that companies have shown in each of the periods:</p><p><blockquote>以下是公司在每个时期显示的结果：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/868067f19c2251bfdb0658a251596fcc\" tg-width=\"640\" tg-height=\"214\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p></p><p> At first glance, the statistics are unambiguous:<i>during periods of correction, the price of Microsoft tends to decrease less than that of Apple.</i>But on the other hand, Apple has consistently performed better during periods of market growth. And in this case, the result obtained can simply be explained by the technical factors of the market behavior.</p><p><blockquote>乍一看，统计数据毫不含糊：<i>在回调期间，微软价格的跌幅往往小于苹果。</i>但另一方面，苹果在市场增长时期的表现一直更好。并且在这种情况下，得到的结果可以简单地用市场行为的技术因素来解释。</blockquote></p><p> But in the current period of growth, both companies demonstrate approximately the same return. And therefore, here we do not find a clue to our question...</p><p><blockquote>但在当前的增长期，两家公司的回报大致相同。因此，在这里我们找不到问题的线索...</blockquote></p><p> <b>Fundamentals</b></p><p><blockquote><b>基本原则</b></blockquote></p><p> Exclusively in an investment context, the price of a company's share can be viewed from two points of view.</p><p><blockquote>仅在投资背景下，公司股票的价格可以从两个角度来看待。</blockquote></p><p> On the one hand, the price reflects the present value of the company's&nbsp;<b>future cash flow</b>. On the other hand, the price is the present value of the sum of&nbsp;<b>all potential dividends</b>that the company will pay in the future. Let's model these prices for Apple and Microsoft. And for this I will build, respectively, the Discounted Cash Flow Model and the Dividend Discount Model.</p><p><blockquote>价格一方面反映了公司的现值<b>未来现金流量</b>另一方面，价格是以下各项之和的现值<b>所有潜在股息</b>公司未来将支付的费用。让我们对苹果和微软的价格进行建模。为此，我将分别建立贴现现金流模型和股息贴现模型。</blockquote></p><p> In order for the models to be less subjective, I will take as a basis the average expectations of analysts regarding the revenue and EPS of the companies in the next decade.</p><p><blockquote>为了使模型不那么主观，我将以分析师对公司未来十年收入和每股收益的平均预期为基础。</blockquote></p><p> Let's start with&nbsp;<b>Apple</b>. Here is the calculation of the Weighted Average Cost of Capital:</p><p><blockquote>让我们从<b>苹果</b>以下是加权平均资本成本的计算方法：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f8fc4e5dc7025dd1227ea5279073aa5\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Notes:</p><p><blockquote>附注：</blockquote></p><p> <ul>  <li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.33%).</li>  <li>I used the current&nbsp;value&nbsp;of the three-year beta coefficient. For a terminal year, I used Beta equal to 1.</li>  <li>To calculate the Cost of Debt, I used the interest expense for 2020 divided by the average debt in 2019 and 2018.</li> </ul> Here is the DCF model:</p><p><blockquote><ul><li>为了计算市场回报率，我使用了equityriskpremium（4.72%）和UST10的当前收益率作为无风险利率（1.33%）。</li><li>我使用了三年贝塔系数的当前值。在最后一年，我使用Beta等于1。</li><li>为了计算债务成本，我使用了2020年的利息支出除以2019年和2018年的平均债务。</li></ul>以下是DCF模型：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bfb45a9125bb1f465cd34a6a8a6d06a\" tg-width=\"640\" tg-height=\"520\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> <b>The DCF-based target price for Apple's shares is about $181 (+22%).</b></p><p><blockquote><b>基于DCF的苹果股票目标价约为181美元（+22%）。</b></blockquote></p><p> In the case of Apple, when building the Dividend Discount Model it is also necessary to take into account the fact that the company continues to actively buy back:</p><p><blockquote>以苹果为例，在构建股息贴现模型时还需要考虑公司持续积极回购的事实：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d84076d0fc1bb5dbec8c1e6e19434153\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Continuing the current dynamics, the model assumes that by the terminal year the number of diluted shares will be reduced to 13.5 billion.</p><p><blockquote>继续当前的动态，该模型假设到最后一年，稀释后的股票数量将减少至135亿股。</blockquote></p><p> Apple spends an average of 25% of its net income on dividends. I assume that the payout ratio will remain at this level.</p><p><blockquote>苹果平均将净利润的25%用于股息。我假设派息率将保持在这个水平。</blockquote></p><p> Here is the Dividend Discount Model itself:</p><p><blockquote>以下是股息折扣模型本身：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b8990a8299cc0652d77815710f0ab427\" tg-width=\"640\" tg-height=\"292\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> <b><i>The DDM-based target price for Apple's shares is $69 (-54%).</i></b></p><p><blockquote><b><i>基于DDM的苹果股票目标价为69美元（-54%）。</i></b></blockquote></p><p> Now let's take a look at Microsoft.</p><p><blockquote>现在我们来看看微软。</blockquote></p><p> Here is the calculation of the WACC:</p><p><blockquote>以下是WACC的计算：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/15889e90904c69497b749f28bd64190f\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> And here is the DCF model:</p><p><blockquote>这是DCF模型：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dca7339e43f534807bf043b1931e1db\" tg-width=\"640\" tg-height=\"506\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> <b>The DCF-based target price for Microsoft's shares is about $353 (+18%).</b></p><p><blockquote><b>基于DCF的微软股票目标价约为353美元（+18%）。</b></blockquote></p><p> Microsoft is also actively buying back shares:</p><p><blockquote>微软也在积极回购股票：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1deec463f584b5eb7913d72938d3e1ca\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> I proceed from the assumption that the dynamics of the last two years will continue, and by the terminal year, the number of diluted shares will be reduced to 7.2 billion.</p><p><blockquote>我假设过去两年的动态将持续下去，到最后一年，稀释后的股票数量将减少到72亿股。</blockquote></p><p> Here is the Dividend Discount Model:</p><p><blockquote>以下是股息折扣模型：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18c863b92e948f78e518d5619b44647d\" tg-width=\"640\" tg-height=\"283\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> <b><i>The DDM-based target price for Microsoft's shares is $203 (-32%).</i></b></p><p><blockquote><b><i>基于DDM的微软股票目标价为203美元（-32%）。</i></b></blockquote></p><p> Let's summarize:</p><p><blockquote>我们来总结一下：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/84b527d82270843e021a89a9ecdf68e6\" tg-width=\"906\" tg-height=\"212\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> It is worth noting that I have already been observing similar results in the case of these companies for a long time. I mean, Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</p><p><blockquote>值得注意的是，我长期以来一直在观察这些公司的类似结果。我的意思是，苹果和微软在未来现金流方面往往被低估，而在潜在股息方面则被高估。</blockquote></p><p></p><p> This suggests that during periods of market growth, investors are not particularly inclined to pay attention to dividends. Moreover, most likely dividends are perceived simply as a bonus.</p><p><blockquote>这表明，在市场增长期间，投资者并不特别倾向于关注股息。此外，最有可能的股息被简单地视为奖金。</blockquote></p><p> But during periods of market correction, the present value of potential dividends is the minimum level below which it is difficult for the price to fall. And in this context, I think Microsoft is in a better position than Apple.</p><p><blockquote>但在市场调整期间，潜在股息的现值是价格难以下跌的最低水平。在这种背景下，我认为微软比苹果处于更好的位置。</blockquote></p><p> <b>Bottom line</b></p><p><blockquote><b>底线</b></blockquote></p><p> At the current stage of the market cycle, when the likelihood of a correction has gone beyond formal, in my opinion, investing in Microsoft is less risky compared to Apple.</p><p><blockquote>在市场周期的当前阶段，当回调的可能性已经超出形式时，在我看来，与苹果相比，投资微软的风险较小。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4455478-apple-stock-vs-microsoft-stock-who-is-inclined-to-fall-harder-in-case-of-correction\">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":{"MSFT":"微软","AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4455478-apple-stock-vs-microsoft-stock-who-is-inclined-to-fall-harder-in-case-of-correction","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126607843","content_text":"Summary\n\nObjectively, the likelihood of a significant correction in the stock market now deserves attention.\nIn the recent past, Apple and Microsoft have responded differently to a significant decline in the stock market.\nApple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.\nIn the event of a hypothetical correction, Microsoft's potential for falling is lower than Apple's.\n\nvicnt/iStock via Getty Images\nAs an introduction...\nSince the last major correction in the US stock market ended in March 2020, the Nasdaq index has risen nearly 170%:\nData by YCharts\nFor a year and a half, this is a very strong result, considering that the average annual total price return of the index over the past decade does not exceed 20%.This fact alone makes us estimate the likelihood of a new significant correction in the stock market higher.\nSource: VisualizedAnalytics\nIn addition, there are other factors that make us wary of the current price level of the market.\nFirst, this year there is a record inflow of liquidity to the stock market. I'm not talking about the reasons now, they are obvious. But this fact alone makes the market extremely volatile:\nSource: Bank of America\nSecond, the relative size of the US stock market has exceeded 200% of nominal GDP. In principle, this is not a fundamental limit. But it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level. And most likely, in this context, a reversal is already outlined.\nSource: VisualizedAnalytics\nAnd finally the third. The macrocycle also allows us to expect the market to enter a phase of increased volatility and tightening of monetary policy:\nSource: VisualizedAnalytics\nSo, objectively, the likelihood of the next correction of the stock market at least deserves attention. And in this context, I propose to answer the question:in case of a correction, which company is inclined to fall harder - Apple (AAPL) or Microsoft (MSFT)?\nWhy Apple vs. Microsoft?\nThe decision to compare exactly these two companies was dictated by two factors.\nFirstly, these are the two largest companies in the tech sector, together accounting for more than 10% of the total capitalization of the US stock market. These companies are so large that, in principle, their dynamics alone can cause a new wave of correction:\n\nSource: VisualizedAnalytics\nSecondly, both companies pay dividends. In matters of fundamental valuation, this factor plays a significant role.\nSome Statistics\nTo begin with, let's take a look at what price dynamics both companies have shown during strong market fluctuations in the recent past.\nTo do this, I have broken the three-year span into eight periods of market movement:\nSource: TradingView, Author\nHere are the results that companies have shown in each of the periods:\nSource: Author\nAt first glance, the statistics are unambiguous:during periods of correction, the price of Microsoft tends to decrease less than that of Apple.But on the other hand, Apple has consistently performed better during periods of market growth. And in this case, the result obtained can simply be explained by the technical factors of the market behavior.\nBut in the current period of growth, both companies demonstrate approximately the same return. And therefore, here we do not find a clue to our question...\nFundamentals\nExclusively in an investment context, the price of a company's share can be viewed from two points of view.\nOn the one hand, the price reflects the present value of the company's future cash flow. On the other hand, the price is the present value of the sum of all potential dividendsthat the company will pay in the future. Let's model these prices for Apple and Microsoft. And for this I will build, respectively, the Discounted Cash Flow Model and the Dividend Discount Model.\nIn order for the models to be less subjective, I will take as a basis the average expectations of analysts regarding the revenue and EPS of the companies in the next decade.\nLet's start with Apple. Here is the calculation of the Weighted Average Cost of Capital:\nSource: Author\nNotes:\n\nIn order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.33%).\nI used the current value of the three-year beta coefficient. For a terminal year, I used Beta equal to 1.\nTo calculate the Cost of Debt, I used the interest expense for 2020 divided by the average debt in 2019 and 2018.\n\nHere is the DCF model:\nSource: Author\nThe DCF-based target price for Apple's shares is about $181 (+22%).\nIn the case of Apple, when building the Dividend Discount Model it is also necessary to take into account the fact that the company continues to actively buy back:\nData by YCharts\nContinuing the current dynamics, the model assumes that by the terminal year the number of diluted shares will be reduced to 13.5 billion.\nApple spends an average of 25% of its net income on dividends. I assume that the payout ratio will remain at this level.\nHere is the Dividend Discount Model itself:\nSource: Author\nThe DDM-based target price for Apple's shares is $69 (-54%).\nNow let's take a look at Microsoft.\nHere is the calculation of the WACC:\nSource: Author\nAnd here is the DCF model:\nSource: Author\nThe DCF-based target price for Microsoft's shares is about $353 (+18%).\nMicrosoft is also actively buying back shares:\nData by YCharts\nI proceed from the assumption that the dynamics of the last two years will continue, and by the terminal year, the number of diluted shares will be reduced to 7.2 billion.\nHere is the Dividend Discount Model:\nSource: Author\nThe DDM-based target price for Microsoft's shares is $203 (-32%).\nLet's summarize:\n\nIt is worth noting that I have already been observing similar results in the case of these companies for a long time. I mean, Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.\nThis suggests that during periods of market growth, investors are not particularly inclined to pay attention to dividends. Moreover, most likely dividends are perceived simply as a bonus.\nBut during periods of market correction, the present value of potential dividends is the minimum level below which it is difficult for the price to fall. And in this context, I think Microsoft is in a better position than Apple.\nBottom line\nAt the current stage of the market cycle, when the likelihood of a correction has gone beyond formal, in my opinion, investing in Microsoft is less risky compared to Apple.","news_type":1,"symbols_score_info":{"AAPL":0.9,"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812004821,"gmtCreate":1630539969563,"gmtModify":1631893748820,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"interesting perspective","listText":"interesting perspective","text":"interesting perspective","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/812004821","repostId":"2164819749","repostType":4,"isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899586238,"gmtCreate":1628206575424,"gmtModify":1633752702526,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"lets go NIO!","listText":"lets go NIO!","text":"lets go NIO!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/899586238","repostId":"1173170520","repostType":4,"isVote":1,"tweetType":1,"viewCount":455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182223953,"gmtCreate":1623579511572,"gmtModify":1634031450658,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"this is a joke...","listText":"this is a joke...","text":"this is a joke...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/182223953","repostId":"2143788705","repostType":4,"isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":600526109,"gmtCreate":1638177239136,"gmtModify":1638177239503,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"very nice","listText":"very nice","text":"very nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/600526109","repostId":"1143786111","repostType":4,"repost":{"id":"1143786111","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638176748,"share":"https://www.laohu8.com/m/news/1143786111?lang=zh_CN&edition=full","pubTime":"2021-11-29 17:05","market":"us","language":"en","title":"Li Auto quarterly results beat estimates<blockquote>理想汽车季度业绩超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143786111","media":"Tiger Newspress","summary":"Quarterly total revenues reached RMB7.78 billion (US$1.21 billion)\n\n\nQuarterly deliveries reached 25","content":"<p><ul>  <li>Quarterly total revenues reached RMB7.78 billion (US$1.21 billion)</li> </ul> <ul>  <li>Quarterly deliveries reached 25,116 vehicles</li> </ul> <ul>  <li>Quarterly gross margin reached 23.3%</li> </ul> Li Auto shares jumped more than 5% in premarket trading&nbsp;as&nbsp;its quarterly results beat estimates.</p><p><blockquote><ul><li>季度总收入达到人民币77.8亿元（12.1亿美元）</li></ul><ul><li>季度交付量达25,116辆</li></ul><ul><li>季度毛利率达到23.3%</li></ul>由于季度业绩超出预期，理想汽车股价在盘前交易中上涨超过5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/716bb0f77f393b137d18dee310e43c07\" tg-width=\"853\" tg-height=\"620\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Li Auto Inc. today announced its unaudited financial results for the quarter ended September 30, 2021.</p><p><blockquote>理想汽车公司今天公布了截至2021年9月30日的季度未经审计的财务业绩。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a1c8d3937ed545698b7cf70f37e5dbb2\" tg-width=\"1170\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b><u>Financial Highlights for the Third Quarter of 2021</u></b></p><p><blockquote><b><u>2021年第三季度财务摘要</u></b></blockquote></p><p> <ul>  <li><b>Vehicle sales</b>&nbsp;were RMB7.39 billion (US$1.15 billion) in the third quarter of 2021, representing an increase of 199.7% from RMB2.46 billion in the third quarter of 2020 and an increase of 50.6% from RMB4.90 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Vehicle margin</b>&nbsp;was 21.1% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.7% in the second quarter of 2021.</li> </ul> <ul>  <li><b>Total revenues</b>&nbsp;were RMB7.78 billion (US$1.21 billion) in the third quarter of 2021, representing an increase of 209.7% from RMB2.51 billion in the third quarter of 2020 and an increase of 54.3% from RMB5.04 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Gross profit</b>&nbsp;was RMB1.81 billion (US$281.2 million) in the third quarter of 2021, representing an increase of 264.8% from RMB496.8 million in the third quarter of 2020 and an increase of 90.2% from RMB952.8 million in the second quarter of 2021.</li> </ul> <ul>  <li><b>Gross margin</b>&nbsp;was 23.3% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.9% in the second quarter of 2021.</li> </ul> <ul>  <li><b>Loss from operations</b>&nbsp;was RMB97.8 million (US$15.2 million) in the third quarter of 2021, representing a decrease of 45.7% from RMB180.0 million in the third quarter of 2020 and a decrease of 81.8% from RMB535.9 million in the second quarter of 2021.<b>Non-GAAP income from operations3</b>&nbsp;was RMB259.4 million (US$40.3 million) in the third quarter of 2021, compared with RMB45.0 million Non-GAAP loss from operations3in the third quarter of 2020 and RMB365.5 million Non-GAAP loss from operations in the second quarter of 2021.</li> </ul> <ul>  <li><b>Net loss</b>&nbsp;was RMB21.5 million (US$3.3 million) in the third quarter of 2021, representing a decrease of 79.9% from RMB106.9 million in the third quarter of 2020 and a decrease of 90.9% from RMB235.5 million in the second quarter of 2021.<b>Non-GAAP net income3</b>was RMB335.7 million (US$52.1 million) in the third quarter of 2021, compared with RMB16.0 million Non-GAAP net income in the third quarter of 2020 and RMB65.1 million Non-GAAP net loss3in the second quarter of 2021.</li> </ul> <ul>  <li><b>Operating cash flow</b>&nbsp;was RMB2.17 billion (US$336.7 million) in the third quarter of 2021, representing an increase of 133.3% from RMB929.8 million in the third quarter of 2020 and an increase of 54.1% from RMB1.41 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Free cash flow</b>&nbsp;was RMB1.16 billion (US$180.8 million) in the third quarter of 2021, representing an increase of 55.4% from RMB749.9 million in the third quarter of 2020 and an increase of 18.6% from RMB982.1 million in the second quarter of 2021.</li> </ul> </p><p><blockquote><ul><li><b>车辆销售</b>2021年第三季度为人民币73.9亿元（11.5亿美元），较2020年第三季度的人民币24.6亿元增长199.7%，较2021年第二季度的人民币49.0亿元增长50.6%。</li></ul><ul><li><b>车辆余量</b>2021年第三季度为21.1%，而2020年第三季度为19.8%，2021年第二季度为18.7%。</li></ul><ul><li><b>总收入</b>2021年第三季度为人民币77.8亿元（12.1亿美元），较2020年第三季度的人民币25.1亿元增长209.7%，较2021年第二季度的人民币50.4亿元增长54.3%。</li></ul><ul><li><b>毛利</b>2021年第三季度为人民币18.1亿元（2.812亿美元），较2020年第三季度的人民币4.968亿元增长264.8%，较2021年第二季度的人民币9.528亿元增长90.2%。</li></ul><ul><li><b>毛利率</b>2021年第三季度为23.3%，而2020年第三季度为19.8%，2021年第二季度为18.9%。</li></ul><ul><li><b>经营亏损</b>2021年第三季度为人民币9780万元（1520万美元），较2020年第三季度的人民币1.8亿元下降45.7%，较2021年第二季度的人民币5.359亿元下降81.8%。<b>非公认会计准则运营收入3</b>2021年第三季度为人民币2.594亿元（4030万美元），而2020年第三季度非GAAP运营亏损为人民币4500万元，2021年第二季度非GAAP运营亏损为人民币3.655亿元。</li></ul><ul><li><b>净亏损</b>2021年第三季度为人民币2150万元（330万美元），较2020年第三季度的人民币1.069亿元下降79.9%，较2021年第二季度的人民币2.355亿元下降90.9%。<b>非公认会计准则净利润3</b>2021年第三季度为人民币3.357亿元（5210万美元），而2020年第三季度非GAAP净利润为人民币1600万元，2021年第二季度非GAAP净亏损为人民币6510万元。</li></ul><ul><li><b>经营现金流量</b>2021年第三季度为人民币21.7亿元（3.367亿美元），较2020年第三季度的人民币9.298亿元增长133.3%，较2021年第二季度的人民币14.1亿元增长54.1%。</li></ul><ul><li><b>自由现金流</b>2021年第三季度为人民币11.6亿元（1.808亿美元），较2020年第三季度的人民币7.499亿元增长55.4%，较2021年第二季度的人民币9.821亿元增长18.6%。</li></ul></blockquote></p><p> <b><u>Recent Developments</u></b></p><p><blockquote><b><u>最近的发展</u></b></blockquote></p><p> <b>Deliveries Update</b></p><p><blockquote><b>交付更新</b></blockquote></p><p> <ul>  <li>In October 2021, the Company delivered 7,649 Li ONEs, representing a 107.2% increase from October 2020. As of October 31, 2021, the Company had 162 retail stores covering 86 cities, in addition to 223 servicing centers and Li Auto-authorized body and paint shops operating in 165 cities.</li> </ul> <b>Extraordinary General Meeting</b></p><p><blockquote><ul><li>2021年10月，公司交付了7,649辆理想ONE，较2020年10月增长107.2%。截至2021年10月31日，该公司拥有162家零售店，覆盖86个城市，此外还有223家服务中心以及理想汽车授权的车身和喷漆店在165个城市运营。</li></ul><b>股东特别大会</b></blockquote></p><p> <ul>  <li>On November 16, 2021, the Company held an extraordinary general meeting (the \"EGM\") of shareholders together with the respective class meetings of holders of Class A ordinary shares and Class B ordinary shares (the \"Class Meetings\") in Beijing, China. Following the EGM and the Class Meetings, the Fifth Amended and Restated Memorandum of Association and Articles of Association was adopted by special resolution, and general unconditional mandates were granted to the directors of the Company by ordinary resolution to issue and repurchase shares.</li> </ul> <b>Updates on Manufacturing Facilities</b></p><p><blockquote><ul><li>于2021年11月16日，本公司于中国北京举行股东特别大会（“股东特别大会”）连同A类普通股及B类普通股持有人各自的类别会议（“类别会议”）。于股东特别大会及类别股东大会后，第五次经修订及重列之组织章程大纲及组织章程细则已以特别决议案采纳，而本公司董事已以普通决议案获授一般无条件授权以发行及购回股份。</li></ul><b>生产设施更新</b></blockquote></p><p></p><p> <ul>  <li><b>Beijing Manufacturing Base</b></li>  <li>In October 2021, the Company officially commenced construction of its Beijing manufacturing base which is scheduled to be operational in 2023. It will serve as an important manufacturing base for Li Auto’s premium BEVs, allowing the Company to meet rising market demand with a more diversified product lineup.</li>  <li>Aligned with the Company’s ESG goals, the Beijing manufacturing base will be built on and leverage the existing site’s infrastructure to achieve high reutilization. It will also adopt leading environmentally friendly production processes in addition to being highly automated, intelligent, and flexible.</li> </ul> <ul>  <li><b>Changzhou Manufacturing Base</b></li>  <li>In November 2021, the Company acquired from Changzhou Wunan New Energy Vehicle Investment Co., Ltd. 100% of the equity interest in Changzhou Chehejin Standard Factory Construction Co., Ltd. (“Chehejin”), which owns the land use rights and plants that previously had been leased to the Company for the current Changzhou manufacturing base. This transaction strengthens the Company’s control of the Changzhou manufacturing base.</li> </ul> <b><u>Business Outlook</u></b></p><p><blockquote><ul><li><b>北京制造基地</b></li><li>2021年10月，公司北京制造基地正式开工建设，计划于2023年投产。它将作为理想汽车高端纯电动汽车的重要制造基地，使公司能够以更多元化的产品阵容满足不断增长的市场需求。</li><li>根据公司的ESG目标，北京制造基地将建立在现有基地的基础设施上，并利用现有基地的基础设施，以实现高重复利用。除了高度自动化、智能化、柔性化外，还将采用领先的环保生产工艺。</li></ul><ul><li><b>常州制造基地</b></li><li>于二零二一年十一月，本公司向常州五南新能源汽车投资有限公司收购常州车和进标准厂房建设有限公司（“车和进”）100%股权，车和进拥有先前租赁给本公司用于目前常州制造基地的土地使用权及厂房。本次交易加强了公司对常州制造基地的控制力。</li></ul><b><u>业务展望</u></b></blockquote></p><p> For the fourth quarter of 2021, the Company expects:</p><p><blockquote>对于2021年第四季度，公司预计：</blockquote></p><p> <ul>  <li><b>Deliveries of vehicles</b>&nbsp;to be between 30,000 and 32,000 vehicles, representing an increase of 107.4% to 121.2% from the fourth quarter of 2020.</li> </ul> <ul>  <li><b>Total revenues</b>&nbsp;to be between RMB8.82 billion (US$1.37 billion) and RMB9.41 billion (US$1.46 billion), representing an increase of 112.7% to 126.9% from the fourth quarter of 2020.</li> </ul></p><p><blockquote><ul><li><b>车辆交付</b>30,000辆至32,000辆，较2020年第四季度增长107.4%至121.2%。</li></ul><ul><li><b>总收入</b>在人民币88.2亿元（13.7亿美元）至人民币94.1亿元（14.6亿美元）之间，较2020年第四季度增长112.7%至126.9%。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Li Auto quarterly results beat estimates<blockquote>理想汽车季度业绩超出预期</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\">\nLi Auto quarterly results beat estimates<blockquote>理想汽车季度业绩超出预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-29 17:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Quarterly total revenues reached RMB7.78 billion (US$1.21 billion)</li> </ul> <ul>  <li>Quarterly deliveries reached 25,116 vehicles</li> </ul> <ul>  <li>Quarterly gross margin reached 23.3%</li> </ul> Li Auto shares jumped more than 5% in premarket trading&nbsp;as&nbsp;its quarterly results beat estimates.</p><p><blockquote><ul><li>季度总收入达到人民币77.8亿元（12.1亿美元）</li></ul><ul><li>季度交付量达25,116辆</li></ul><ul><li>季度毛利率达到23.3%</li></ul>由于季度业绩超出预期，理想汽车股价在盘前交易中上涨超过5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/716bb0f77f393b137d18dee310e43c07\" tg-width=\"853\" tg-height=\"620\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Li Auto Inc. today announced its unaudited financial results for the quarter ended September 30, 2021.</p><p><blockquote>理想汽车公司今天公布了截至2021年9月30日的季度未经审计的财务业绩。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a1c8d3937ed545698b7cf70f37e5dbb2\" tg-width=\"1170\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b><u>Financial Highlights for the Third Quarter of 2021</u></b></p><p><blockquote><b><u>2021年第三季度财务摘要</u></b></blockquote></p><p> <ul>  <li><b>Vehicle sales</b>&nbsp;were RMB7.39 billion (US$1.15 billion) in the third quarter of 2021, representing an increase of 199.7% from RMB2.46 billion in the third quarter of 2020 and an increase of 50.6% from RMB4.90 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Vehicle margin</b>&nbsp;was 21.1% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.7% in the second quarter of 2021.</li> </ul> <ul>  <li><b>Total revenues</b>&nbsp;were RMB7.78 billion (US$1.21 billion) in the third quarter of 2021, representing an increase of 209.7% from RMB2.51 billion in the third quarter of 2020 and an increase of 54.3% from RMB5.04 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Gross profit</b>&nbsp;was RMB1.81 billion (US$281.2 million) in the third quarter of 2021, representing an increase of 264.8% from RMB496.8 million in the third quarter of 2020 and an increase of 90.2% from RMB952.8 million in the second quarter of 2021.</li> </ul> <ul>  <li><b>Gross margin</b>&nbsp;was 23.3% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.9% in the second quarter of 2021.</li> </ul> <ul>  <li><b>Loss from operations</b>&nbsp;was RMB97.8 million (US$15.2 million) in the third quarter of 2021, representing a decrease of 45.7% from RMB180.0 million in the third quarter of 2020 and a decrease of 81.8% from RMB535.9 million in the second quarter of 2021.<b>Non-GAAP income from operations3</b>&nbsp;was RMB259.4 million (US$40.3 million) in the third quarter of 2021, compared with RMB45.0 million Non-GAAP loss from operations3in the third quarter of 2020 and RMB365.5 million Non-GAAP loss from operations in the second quarter of 2021.</li> </ul> <ul>  <li><b>Net loss</b>&nbsp;was RMB21.5 million (US$3.3 million) in the third quarter of 2021, representing a decrease of 79.9% from RMB106.9 million in the third quarter of 2020 and a decrease of 90.9% from RMB235.5 million in the second quarter of 2021.<b>Non-GAAP net income3</b>was RMB335.7 million (US$52.1 million) in the third quarter of 2021, compared with RMB16.0 million Non-GAAP net income in the third quarter of 2020 and RMB65.1 million Non-GAAP net loss3in the second quarter of 2021.</li> </ul> <ul>  <li><b>Operating cash flow</b>&nbsp;was RMB2.17 billion (US$336.7 million) in the third quarter of 2021, representing an increase of 133.3% from RMB929.8 million in the third quarter of 2020 and an increase of 54.1% from RMB1.41 billion in the second quarter of 2021.</li> </ul> <ul>  <li><b>Free cash flow</b>&nbsp;was RMB1.16 billion (US$180.8 million) in the third quarter of 2021, representing an increase of 55.4% from RMB749.9 million in the third quarter of 2020 and an increase of 18.6% from RMB982.1 million in the second quarter of 2021.</li> </ul> </p><p><blockquote><ul><li><b>车辆销售</b>2021年第三季度为人民币73.9亿元（11.5亿美元），较2020年第三季度的人民币24.6亿元增长199.7%，较2021年第二季度的人民币49.0亿元增长50.6%。</li></ul><ul><li><b>车辆余量</b>2021年第三季度为21.1%，而2020年第三季度为19.8%，2021年第二季度为18.7%。</li></ul><ul><li><b>总收入</b>2021年第三季度为人民币77.8亿元（12.1亿美元），较2020年第三季度的人民币25.1亿元增长209.7%，较2021年第二季度的人民币50.4亿元增长54.3%。</li></ul><ul><li><b>毛利</b>2021年第三季度为人民币18.1亿元（2.812亿美元），较2020年第三季度的人民币4.968亿元增长264.8%，较2021年第二季度的人民币9.528亿元增长90.2%。</li></ul><ul><li><b>毛利率</b>2021年第三季度为23.3%，而2020年第三季度为19.8%，2021年第二季度为18.9%。</li></ul><ul><li><b>经营亏损</b>2021年第三季度为人民币9780万元（1520万美元），较2020年第三季度的人民币1.8亿元下降45.7%，较2021年第二季度的人民币5.359亿元下降81.8%。<b>非公认会计准则运营收入3</b>2021年第三季度为人民币2.594亿元（4030万美元），而2020年第三季度非GAAP运营亏损为人民币4500万元，2021年第二季度非GAAP运营亏损为人民币3.655亿元。</li></ul><ul><li><b>净亏损</b>2021年第三季度为人民币2150万元（330万美元），较2020年第三季度的人民币1.069亿元下降79.9%，较2021年第二季度的人民币2.355亿元下降90.9%。<b>非公认会计准则净利润3</b>2021年第三季度为人民币3.357亿元（5210万美元），而2020年第三季度非GAAP净利润为人民币1600万元，2021年第二季度非GAAP净亏损为人民币6510万元。</li></ul><ul><li><b>经营现金流量</b>2021年第三季度为人民币21.7亿元（3.367亿美元），较2020年第三季度的人民币9.298亿元增长133.3%，较2021年第二季度的人民币14.1亿元增长54.1%。</li></ul><ul><li><b>自由现金流</b>2021年第三季度为人民币11.6亿元（1.808亿美元），较2020年第三季度的人民币7.499亿元增长55.4%，较2021年第二季度的人民币9.821亿元增长18.6%。</li></ul></blockquote></p><p> <b><u>Recent Developments</u></b></p><p><blockquote><b><u>最近的发展</u></b></blockquote></p><p> <b>Deliveries Update</b></p><p><blockquote><b>交付更新</b></blockquote></p><p> <ul>  <li>In October 2021, the Company delivered 7,649 Li ONEs, representing a 107.2% increase from October 2020. As of October 31, 2021, the Company had 162 retail stores covering 86 cities, in addition to 223 servicing centers and Li Auto-authorized body and paint shops operating in 165 cities.</li> </ul> <b>Extraordinary General Meeting</b></p><p><blockquote><ul><li>2021年10月，公司交付了7,649辆理想ONE，较2020年10月增长107.2%。截至2021年10月31日，该公司拥有162家零售店，覆盖86个城市，此外还有223家服务中心以及理想汽车授权的车身和喷漆店在165个城市运营。</li></ul><b>股东特别大会</b></blockquote></p><p> <ul>  <li>On November 16, 2021, the Company held an extraordinary general meeting (the \"EGM\") of shareholders together with the respective class meetings of holders of Class A ordinary shares and Class B ordinary shares (the \"Class Meetings\") in Beijing, China. Following the EGM and the Class Meetings, the Fifth Amended and Restated Memorandum of Association and Articles of Association was adopted by special resolution, and general unconditional mandates were granted to the directors of the Company by ordinary resolution to issue and repurchase shares.</li> </ul> <b>Updates on Manufacturing Facilities</b></p><p><blockquote><ul><li>于2021年11月16日，本公司于中国北京举行股东特别大会（“股东特别大会”）连同A类普通股及B类普通股持有人各自的类别会议（“类别会议”）。于股东特别大会及类别股东大会后，第五次经修订及重列之组织章程大纲及组织章程细则已以特别决议案采纳，而本公司董事已以普通决议案获授一般无条件授权以发行及购回股份。</li></ul><b>生产设施更新</b></blockquote></p><p></p><p> <ul>  <li><b>Beijing Manufacturing Base</b></li>  <li>In October 2021, the Company officially commenced construction of its Beijing manufacturing base which is scheduled to be operational in 2023. It will serve as an important manufacturing base for Li Auto’s premium BEVs, allowing the Company to meet rising market demand with a more diversified product lineup.</li>  <li>Aligned with the Company’s ESG goals, the Beijing manufacturing base will be built on and leverage the existing site’s infrastructure to achieve high reutilization. It will also adopt leading environmentally friendly production processes in addition to being highly automated, intelligent, and flexible.</li> </ul> <ul>  <li><b>Changzhou Manufacturing Base</b></li>  <li>In November 2021, the Company acquired from Changzhou Wunan New Energy Vehicle Investment Co., Ltd. 100% of the equity interest in Changzhou Chehejin Standard Factory Construction Co., Ltd. (“Chehejin”), which owns the land use rights and plants that previously had been leased to the Company for the current Changzhou manufacturing base. This transaction strengthens the Company’s control of the Changzhou manufacturing base.</li> </ul> <b><u>Business Outlook</u></b></p><p><blockquote><ul><li><b>北京制造基地</b></li><li>2021年10月，公司北京制造基地正式开工建设，计划于2023年投产。它将作为理想汽车高端纯电动汽车的重要制造基地，使公司能够以更多元化的产品阵容满足不断增长的市场需求。</li><li>根据公司的ESG目标，北京制造基地将建立在现有基地的基础设施上，并利用现有基地的基础设施，以实现高重复利用。除了高度自动化、智能化、柔性化外，还将采用领先的环保生产工艺。</li></ul><ul><li><b>常州制造基地</b></li><li>于二零二一年十一月，本公司向常州五南新能源汽车投资有限公司收购常州车和进标准厂房建设有限公司（“车和进”）100%股权，车和进拥有先前租赁给本公司用于目前常州制造基地的土地使用权及厂房。本次交易加强了公司对常州制造基地的控制力。</li></ul><b><u>业务展望</u></b></blockquote></p><p> For the fourth quarter of 2021, the Company expects:</p><p><blockquote>对于2021年第四季度，公司预计：</blockquote></p><p> <ul>  <li><b>Deliveries of vehicles</b>&nbsp;to be between 30,000 and 32,000 vehicles, representing an increase of 107.4% to 121.2% from the fourth quarter of 2020.</li> </ul> <ul>  <li><b>Total revenues</b>&nbsp;to be between RMB8.82 billion (US$1.37 billion) and RMB9.41 billion (US$1.46 billion), representing an increase of 112.7% to 126.9% from the fourth quarter of 2020.</li> </ul></p><p><blockquote><ul><li><b>车辆交付</b>30,000辆至32,000辆，较2020年第四季度增长107.4%至121.2%。</li></ul><ul><li><b>总收入</b>在人民币88.2亿元（13.7亿美元）至人民币94.1亿元（14.6亿美元）之间，较2020年第四季度增长112.7%至126.9%。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","02015":"理想汽车-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143786111","content_text":"Quarterly total revenues reached RMB7.78 billion (US$1.21 billion)\n\n\nQuarterly deliveries reached 25,116 vehicles\n\n\nQuarterly gross margin reached 23.3%\n\nLi Auto shares jumped more than 5% in premarket trading as its quarterly results beat estimates.\n\nLi Auto Inc. today announced its unaudited financial results for the quarter ended September 30, 2021.\n\nFinancial Highlights for the Third Quarter of 2021\n\nVehicle sales were RMB7.39 billion (US$1.15 billion) in the third quarter of 2021, representing an increase of 199.7% from RMB2.46 billion in the third quarter of 2020 and an increase of 50.6% from RMB4.90 billion in the second quarter of 2021.\n\n\nVehicle margin was 21.1% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.7% in the second quarter of 2021.\n\n\nTotal revenues were RMB7.78 billion (US$1.21 billion) in the third quarter of 2021, representing an increase of 209.7% from RMB2.51 billion in the third quarter of 2020 and an increase of 54.3% from RMB5.04 billion in the second quarter of 2021.\n\n\nGross profit was RMB1.81 billion (US$281.2 million) in the third quarter of 2021, representing an increase of 264.8% from RMB496.8 million in the third quarter of 2020 and an increase of 90.2% from RMB952.8 million in the second quarter of 2021.\n\n\nGross margin was 23.3% in the third quarter of 2021, compared with 19.8% in the third quarter of 2020 and 18.9% in the second quarter of 2021.\n\n\nLoss from operations was RMB97.8 million (US$15.2 million) in the third quarter of 2021, representing a decrease of 45.7% from RMB180.0 million in the third quarter of 2020 and a decrease of 81.8% from RMB535.9 million in the second quarter of 2021.Non-GAAP income from operations3 was RMB259.4 million (US$40.3 million) in the third quarter of 2021, compared with RMB45.0 million Non-GAAP loss from operations3in the third quarter of 2020 and RMB365.5 million Non-GAAP loss from operations in the second quarter of 2021.\n\n\nNet loss was RMB21.5 million (US$3.3 million) in the third quarter of 2021, representing a decrease of 79.9% from RMB106.9 million in the third quarter of 2020 and a decrease of 90.9% from RMB235.5 million in the second quarter of 2021.Non-GAAP net income3was RMB335.7 million (US$52.1 million) in the third quarter of 2021, compared with RMB16.0 million Non-GAAP net income in the third quarter of 2020 and RMB65.1 million Non-GAAP net loss3in the second quarter of 2021.\n\n\nOperating cash flow was RMB2.17 billion (US$336.7 million) in the third quarter of 2021, representing an increase of 133.3% from RMB929.8 million in the third quarter of 2020 and an increase of 54.1% from RMB1.41 billion in the second quarter of 2021.\n\n\nFree cash flow was RMB1.16 billion (US$180.8 million) in the third quarter of 2021, representing an increase of 55.4% from RMB749.9 million in the third quarter of 2020 and an increase of 18.6% from RMB982.1 million in the second quarter of 2021.\n\n\nRecent Developments\nDeliveries Update\n\nIn October 2021, the Company delivered 7,649 Li ONEs, representing a 107.2% increase from October 2020. As of October 31, 2021, the Company had 162 retail stores covering 86 cities, in addition to 223 servicing centers and Li Auto-authorized body and paint shops operating in 165 cities.\n\nExtraordinary General Meeting\n\nOn November 16, 2021, the Company held an extraordinary general meeting (the \"EGM\") of shareholders together with the respective class meetings of holders of Class A ordinary shares and Class B ordinary shares (the \"Class Meetings\") in Beijing, China. Following the EGM and the Class Meetings, the Fifth Amended and Restated Memorandum of Association and Articles of Association was adopted by special resolution, and general unconditional mandates were granted to the directors of the Company by ordinary resolution to issue and repurchase shares.\n\nUpdates on Manufacturing Facilities\n\nBeijing Manufacturing Base\nIn October 2021, the Company officially commenced construction of its Beijing manufacturing base which is scheduled to be operational in 2023. It will serve as an important manufacturing base for Li Auto’s premium BEVs, allowing the Company to meet rising market demand with a more diversified product lineup.\nAligned with the Company’s ESG goals, the Beijing manufacturing base will be built on and leverage the existing site’s infrastructure to achieve high reutilization. It will also adopt leading environmentally friendly production processes in addition to being highly automated, intelligent, and flexible.\n\n\nChangzhou Manufacturing Base\nIn November 2021, the Company acquired from Changzhou Wunan New Energy Vehicle Investment Co., Ltd. 100% of the equity interest in Changzhou Chehejin Standard Factory Construction Co., Ltd. (“Chehejin”), which owns the land use rights and plants that previously had been leased to the Company for the current Changzhou manufacturing base. This transaction strengthens the Company’s control of the Changzhou manufacturing base.\n\nBusiness Outlook\nFor the fourth quarter of 2021, the Company expects:\n\nDeliveries of vehicles to be between 30,000 and 32,000 vehicles, representing an increase of 107.4% to 121.2% from the fourth quarter of 2020.\n\n\nTotal revenues to be between RMB8.82 billion (US$1.37 billion) and RMB9.41 billion (US$1.46 billion), representing an increase of 112.7% to 126.9% from the fourth quarter of 2020.","news_type":1,"symbols_score_info":{"LI":0.9,"02015":0.9}},"isVote":1,"tweetType":1,"viewCount":524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872945622,"gmtCreate":1637407048220,"gmtModify":1637417142672,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"insanee","listText":"insanee","text":"insanee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/872945622","repostId":"2184842262","repostType":4,"isVote":1,"tweetType":1,"viewCount":1051,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871959521,"gmtCreate":1637021183474,"gmtModify":1637021183610,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"big up axon","listText":"big up axon","text":"big up axon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/871959521","repostId":"2183282074","repostType":4,"isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":845116716,"gmtCreate":1636300715001,"gmtModify":1636300715353,"author":{"id":"3585475029155588","authorId":"3585475029155588","name":"seanisright","avatar":"https://static.tigerbbs.com/dda21240ac9bd6280ce1f04de5c3a999","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585475029155588","authorIdStr":"3585475029155588"},"themes":[],"htmlText":"uh oh","listText":"uh oh","text":"uh oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/845116716","repostId":"2181740934","repostType":4,"repost":{"id":"2181740934","kind":"news","pubTimestamp":1636261200,"share":"https://www.laohu8.com/m/news/2181740934?lang=zh_CN&edition=full","pubTime":"2021-11-07 13:00","market":"us","language":"en","title":"SolarWinds investors allege board knew about cyber risks<blockquote>SolarWinds投资者声称董事会了解网络风险</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2181740934","media":"The Straits Times","summary":"NEW YORK (REUTERS) - SolarWinds investors have sued the software company's directors, alleging they ","content":"<p><div> NEW YORK (REUTERS) - SolarWinds investors have sued the software company's directors, alleging they knew about and failed to monitor cyber-security risks to the company ahead of a breach that created ...</p><p><blockquote><div>纽约（路透社）-网络安全管理软件产品的投资者起诉了该软件公司的董事，声称他们在一次违规事件之前知道并未能监控该公司面临的网络安全风险...</div></blockquote></p><p>  <a href=\"http://www.straitstimes.com/tech/tech-news/solarwinds-investors-allege-board-knew-about-cyber-risks\">网页链接</a>  </div> </p><p><blockquote><a href=\"http://www.straitstimes.com/tech/tech-news/solarwinds-investors-allege-board-knew-about-cyber-risks\">网页连接</a></blockquote></p><p></p>","source":"straits_highlight","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>SolarWinds investors allege board knew about cyber risks<blockquote>SolarWinds投资者声称董事会了解网络风险</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\">\nSolarWinds investors allege board knew about cyber risks<blockquote>SolarWinds投资者声称董事会了解网络风险</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Straits Times</strong><span class=\"h-time small\">2021-11-07 13:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> NEW YORK (REUTERS) - SolarWinds investors have sued the software company's directors, alleging they knew about and failed to monitor cyber-security risks to the company ahead of a breach that created ...</p><p><blockquote><div>纽约（路透社）-网络安全管理软件产品的投资者起诉了该软件公司的董事，声称他们在一次违规事件之前知道并未能监控该公司面临的网络安全风险...</div></blockquote></p><p>  <a href=\"http://www.straitstimes.com/tech/tech-news/solarwinds-investors-allege-board-knew-about-cyber-risks\">网页链接</a>  </div> </p><p><blockquote><a href=\"http://www.straitstimes.com/tech/tech-news/solarwinds-investors-allege-board-knew-about-cyber-risks\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"http://www.straitstimes.com/tech/tech-news/solarwinds-investors-allege-board-knew-about-cyber-risks\">The Straits Times</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":{"SWI":"SolarWinds Corp"},"source_url":"http://www.straitstimes.com/tech/tech-news/solarwinds-investors-allege-board-knew-about-cyber-risks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2181740934","content_text":"NEW YORK (REUTERS) - SolarWinds investors have sued the software company's directors, alleging they knew about and failed to monitor cyber-security risks to the company ahead of a breach that created a vulnerability in thousands of its customers' systems.\nThe lawsuit filed in Delaware on Thursday (Nov 4) appears to be the first based on records shareholders demanded from the company after Reuters reported last December that malicious code inserted into one of the company's software updates left United States government agencies and companies exposed.\nThe lawsuit names a mix of current and former directors as defendants.\nA SolarWinds spokesman said the company does not comment on pending litigation, but noted it is focused on \"deepening\" customer relationships and \"openly discussing our Secure by Design initiatives as we look to set the standard for secure software development\".\nLed by a Missouri pension fund, the investors allege that the board failed to implement procedures to monitor cyber-security risks, such as requiring the company's management to report on those risks regularly.\nThey are seeking damages on behalf of the company and to reform the company's policies on cyber-security oversight.\nThe lawsuit is the latest fallout over the breach of SolarWinds' software, which gave hackers access to the data of thousands of companies and government offices that used its products and which US officials have attributed to Russia.\nSolarWinds has said it is cooperating with investigations into the breach by the US Securities and Exchange Commission, Department of Justice and others. The company has moved to dismiss another shareholder lawsuit seeking damages for a decline in its share price.","news_type":1,"symbols_score_info":{"SWI":0.9}},"isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}