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KentcChin

KentcChin

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2021-10-18

$NVIDIA Corp(NVDA)$wwow

2021-10-18

$Palantir Technologies Inc.(PLTR)$ccan up more

2021-10-14

$XIAOMI-W(01810)$wwiw

2021-10-14

$Palantir Technologies Inc.(PLTR)$不上不下

2021-10-14

$Taiwan Semiconductor Manufacturing(TSM)$wwow

2021-10-12

$Apple(AAPL)$[开心] [微笑] [开心] [开心]

2021-10-12

$ARK Innovation ETF(ARKK)$what opinion

2021-10-11

$Facebook(FB)$time to buy?

2021-10-06

$Palantir Technologies Inc.(PLTR)$wwell

2021-10-01

$Autohome(ATHM)$llike

2021-10-01

Like

Electronic Arts shares rose 3.5% in morning trading<blockquote>艺电股价早盘上涨3.5%</blockquote>

2021-10-01

$Palantir Technologies Inc.(PLTR)$bbuy more

2021-09-29

$Apple(AAPL)$slightly increase

2021-09-27

$Palantir Technologies Inc.(PLTR)$Hope get more

2021-09-22

$Futu Holdings Limited(FUTU)$7% up not bad

2021-09-22

$Palantir Technologies Inc.(PLTR)$what you think?

2021-09-21

$Tesla Motors(TSLA)$ggo gooo

2021-09-20

$Pfizer(PFE)$only this stock today green colour in my watch list

2021-09-17

$Palantir Technologies Inc.(PLTR)$Not bad

2021-09-17

$Alibaba(BABA)$great

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href=\"https://laohu8.com/S/ATHM\">$Autohome(ATHM)$</a>llike","text":"$Autohome(ATHM)$llike","images":[{"img":"https://static.tigerbbs.com/7ba4944ed32a80e804c2685cbde88bc3","width":"1080","height":"3842"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/864664224","isVote":1,"tweetType":1,"viewCount":3035,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":865761654,"gmtCreate":1633020663634,"gmtModify":1633020663886,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586128029522690","idStr":"3586128029522690"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/865761654","repostId":"1164201267","repostType":4,"repost":{"id":"1164201267","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":1633014015,"share":"https://www.laohu8.com/m/news/1164201267?lang=zh_CN&edition=full","pubTime":"2021-09-30 23:00","market":"us","language":"en","title":"Electronic Arts shares rose 3.5% in morning trading<blockquote>艺电股价早盘上涨3.5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164201267","media":"Tiger Newspress","summary":"Electronic Arts shares rose 3.5% in morning trading as Nvidia partnered with Electronic Arts to brin","content":"<p>Electronic Arts shares rose&nbsp;3.5% in morning trading&nbsp;as&nbsp;Nvidia partnered with Electronic Arts to bring hit games to GeForce NOW.</p><p><blockquote>电子艺界股价在早盘交易中上涨3。英伟达与电子艺界合作，将热门游戏引入GeForce NOW。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1baf3cdeacc7e781677b507d24e9ea09\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> NVIDIA today announced that Electronic Arts is bringing more of its hit games to the NVIDIA®<u>GeForce NOW</u>™ cloud gaming service, beginning with<i>Battlefield™ 1 Revolution, Mirror's Edge™ Catalyst, Unravel™Two, Dragon Age™: Inquisition</i>and<i>Apex Legends™</i>.</p><p><blockquote>NVIDIA今天宣布Electronic Arts将为NVIDIA带来更多热门游戏®<u>GeForce NOW</u>™云游戏服务，开始于<i>战场™1转，镜子边缘™催化剂，解开™二、龙腾世纪™宗教裁判所</i>和<i>Apex传奇™</i>.</blockquote></p><p> GeForce NOW membership has more than doubled in the last year, giving Electronic Arts access to more than 12 million gamers. Collectively, over 20 million hours of gameplay are streamed each month via GeForce NOW, from 30 data centers in more than 70 countries.</p><p><blockquote>GeForce NOW会员在去年增加了一倍多，使艺电能够接触到超过1200万游戏玩家。总的来说，每月通过GeForce NOW从70多个国家的30个数据中心传输超过2000万小时的游戏。</blockquote></p><p> “GeForce NOW expands the reach of the GeForce PC gaming experience to reach millions of underserved gamers on new devices and in new regions,” said Jeff Fisher, senior vice president of the GeForce business at NVIDIA. “It’s an opportunity for Electronic Arts to get some of their most beloved franchises into the hands of a rapidly growing global audience instantly.”</p><p><blockquote>NVIDIA GeForce业务高级副总裁Jeff Fisher表示：“GeForce现在扩大了GeForce PC游戏体验的覆盖范围，覆盖新设备和新地区数百万服务不足的游戏玩家。”“对于艺电来说，这是一个机会，可以将他们最喜爱的一些特许经营权立即交到快速增长的全球观众手中。”</blockquote></p><p> <b>The Cloud Catalyst to EA’s Next MassiveAudience</b></p><p><blockquote><b>EA下一个大规模受众的云催化剂</b></blockquote></p><p> GeForce NOW allows Electronic Arts games to be played with legendary GeForce® performance by gamers who may not have a gaming PC— that includes more than 1 billion underpowered PCs and incompatible devices, like phones, tablets and Chromebooks. Nearly 80 percent of the devices that currently access GeForce NOW would not otherwise be capable of playing the latest PC games.</p><p><blockquote>GeForce现在允许使用传奇GeForce玩Electronic Arts游戏®可能没有游戏PC的游戏玩家的性能——包括超过10亿台动力不足的PC和不兼容的设备，如手机、平板电脑和Chromebooks。目前访问GeForce NOW的近80%的设备将无法玩最新的PC游戏。</blockquote></p><p> GeForce NOW is connected to the most popular game stores — including Steam and Epic Games Store — a win-win for developers and gamers. No additional development work or porting is required of developers, while gamers get access to hit titles from their library without having to purchase the games again, or having to deal with hefty downloads, patches and updates. Electronic Arts games can be added quickly to GeForce NOW through regular “<u>GFN Thursday</u>” releases.</p><p><blockquote>GeForce NOW连接到最受欢迎的游戏商店，包括Steam和Epic Games Store，这对开发者和游戏玩家来说是双赢的。开发人员不需要额外的开发工作或移植，而游戏玩家可以从他们的库中访问热门游戏，而不必再次购买游戏，也不必处理大量的下载、补丁和更新。Electronic Arts游戏现在可以通过常规“<u>GFN星期四</u>“释放。</blockquote></p><p> <b>Stream It Now</b></p><p><blockquote><b>立即播放</b></blockquote></p><p> Five games from some of Electronic Arts’ most popular franchises are available on GeForce NOW, starting today. Members can stream&nbsp;<i>Battlefield 1 Revolution</i>&nbsp;to experience immersive untold stories of World War I; become a heroic leader and restore order against agents of chaos in&nbsp;<i>Dragon Age: Inquisition</i>; solve puzzles with the family-friendly&nbsp;<i>Unravel Two</i>; or dive into a fast-paced, free-running adventure with&nbsp;<i>Mirror’s Edge Catalyst</i>.</p><p><blockquote>从今天开始，Electronic Arts一些最受欢迎的系列中的五款游戏现已在GeForce NOW上发售。会员可以流式传输<i>战地1革命</i>体验身临其境的第一次世界大战不为人知的故事；成为英雄领袖，恢复秩序对抗混乱的代理人<i>龙腾世纪：宗教裁判所</i>;与家庭友好型一起解决难题<i>解开两个</i>;或者投入快节奏、自由奔跑的冒险<i>镜子边缘催化剂</i>.</blockquote></p><p> These additions from Electronic Arts joinoneof the most-played games on GeForce NOW,<i>Apex Legends</i>. The high-speed hero shooter has already been streamed by more than 1 million members.</p><p><blockquote>Electronic Arts的这些新增功能是GeForce NOW上最受欢迎的游戏之一，<i>Apex传奇</i>.这款高速英雄射击游戏已经有超过100万会员观看。</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>Electronic Arts shares rose 3.5% in morning trading<blockquote>艺电股价早盘上涨3.5%</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\">\nElectronic Arts shares rose 3.5% in morning trading<blockquote>艺电股价早盘上涨3.5%</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\">2021-09-30 23:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Electronic Arts shares rose&nbsp;3.5% in morning trading&nbsp;as&nbsp;Nvidia partnered with Electronic Arts to bring hit games to GeForce NOW.</p><p><blockquote>电子艺界股价在早盘交易中上涨3。英伟达与电子艺界合作，将热门游戏引入GeForce NOW。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1baf3cdeacc7e781677b507d24e9ea09\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> NVIDIA today announced that Electronic Arts is bringing more of its hit games to the NVIDIA®<u>GeForce NOW</u>™ cloud gaming service, beginning with<i>Battlefield™ 1 Revolution, Mirror's Edge™ Catalyst, Unravel™Two, Dragon Age™: Inquisition</i>and<i>Apex Legends™</i>.</p><p><blockquote>NVIDIA今天宣布Electronic Arts将为NVIDIA带来更多热门游戏®<u>GeForce NOW</u>™云游戏服务，开始于<i>战场™1转，镜子边缘™催化剂，解开™二、龙腾世纪™宗教裁判所</i>和<i>Apex传奇™</i>.</blockquote></p><p> GeForce NOW membership has more than doubled in the last year, giving Electronic Arts access to more than 12 million gamers. Collectively, over 20 million hours of gameplay are streamed each month via GeForce NOW, from 30 data centers in more than 70 countries.</p><p><blockquote>GeForce NOW会员在去年增加了一倍多，使艺电能够接触到超过1200万游戏玩家。总的来说，每月通过GeForce NOW从70多个国家的30个数据中心传输超过2000万小时的游戏。</blockquote></p><p> “GeForce NOW expands the reach of the GeForce PC gaming experience to reach millions of underserved gamers on new devices and in new regions,” said Jeff Fisher, senior vice president of the GeForce business at NVIDIA. “It’s an opportunity for Electronic Arts to get some of their most beloved franchises into the hands of a rapidly growing global audience instantly.”</p><p><blockquote>NVIDIA GeForce业务高级副总裁Jeff Fisher表示：“GeForce现在扩大了GeForce PC游戏体验的覆盖范围，覆盖新设备和新地区数百万服务不足的游戏玩家。”“对于艺电来说，这是一个机会，可以将他们最喜爱的一些特许经营权立即交到快速增长的全球观众手中。”</blockquote></p><p> <b>The Cloud Catalyst to EA’s Next MassiveAudience</b></p><p><blockquote><b>EA下一个大规模受众的云催化剂</b></blockquote></p><p> GeForce NOW allows Electronic Arts games to be played with legendary GeForce® performance by gamers who may not have a gaming PC— that includes more than 1 billion underpowered PCs and incompatible devices, like phones, tablets and Chromebooks. Nearly 80 percent of the devices that currently access GeForce NOW would not otherwise be capable of playing the latest PC games.</p><p><blockquote>GeForce现在允许使用传奇GeForce玩Electronic Arts游戏®可能没有游戏PC的游戏玩家的性能——包括超过10亿台动力不足的PC和不兼容的设备，如手机、平板电脑和Chromebooks。目前访问GeForce NOW的近80%的设备将无法玩最新的PC游戏。</blockquote></p><p> GeForce NOW is connected to the most popular game stores — including Steam and Epic Games Store — a win-win for developers and gamers. No additional development work or porting is required of developers, while gamers get access to hit titles from their library without having to purchase the games again, or having to deal with hefty downloads, patches and updates. Electronic Arts games can be added quickly to GeForce NOW through regular “<u>GFN Thursday</u>” releases.</p><p><blockquote>GeForce NOW连接到最受欢迎的游戏商店，包括Steam和Epic Games Store，这对开发者和游戏玩家来说是双赢的。开发人员不需要额外的开发工作或移植，而游戏玩家可以从他们的库中访问热门游戏，而不必再次购买游戏，也不必处理大量的下载、补丁和更新。Electronic Arts游戏现在可以通过常规“<u>GFN星期四</u>“释放。</blockquote></p><p> <b>Stream It Now</b></p><p><blockquote><b>立即播放</b></blockquote></p><p> Five games from some of Electronic Arts’ most popular franchises are available on GeForce NOW, starting today. Members can stream&nbsp;<i>Battlefield 1 Revolution</i>&nbsp;to experience immersive untold stories of World War I; become a heroic leader and restore order against agents of chaos in&nbsp;<i>Dragon Age: Inquisition</i>; solve puzzles with the family-friendly&nbsp;<i>Unravel Two</i>; or dive into a fast-paced, free-running adventure with&nbsp;<i>Mirror’s Edge Catalyst</i>.</p><p><blockquote>从今天开始，Electronic Arts一些最受欢迎的系列中的五款游戏现已在GeForce NOW上发售。会员可以流式传输<i>战地1革命</i>体验身临其境的第一次世界大战不为人知的故事；成为英雄领袖，恢复秩序对抗混乱的代理人<i>龙腾世纪：宗教裁判所</i>;与家庭友好型一起解决难题<i>解开两个</i>;或者投入快节奏、自由奔跑的冒险<i>镜子边缘催化剂</i>.</blockquote></p><p> These additions from Electronic Arts joinoneof the most-played games on GeForce NOW,<i>Apex Legends</i>. The high-speed hero shooter has already been streamed by more than 1 million members.</p><p><blockquote>Electronic Arts的这些新增功能是GeForce NOW上最受欢迎的游戏之一，<i>Apex传奇</i>.这款高速英雄射击游戏已经有超过100万会员观看。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EA":"艺电"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164201267","content_text":"Electronic Arts shares rose 3.5% in morning trading as Nvidia partnered with Electronic Arts to bring hit games to GeForce NOW.\n\nNVIDIA today announced that Electronic Arts is bringing more of its hit games to the NVIDIA®GeForce NOW™ cloud gaming service, beginning withBattlefield™ 1 Revolution, Mirror's Edge™ Catalyst, Unravel™Two, Dragon Age™: InquisitionandApex Legends™.\nGeForce NOW membership has more than doubled in the last year, giving Electronic Arts access to more than 12 million gamers. Collectively, over 20 million hours of gameplay are streamed each month via GeForce NOW, from 30 data centers in more than 70 countries.\n“GeForce NOW expands the reach of the GeForce PC gaming experience to reach millions of underserved gamers on new devices and in new regions,” said Jeff Fisher, senior vice president of the GeForce business at NVIDIA. “It’s an opportunity for Electronic Arts to get some of their most beloved franchises into the hands of a rapidly growing global audience instantly.”\nThe Cloud Catalyst to EA’s Next MassiveAudience\nGeForce NOW allows Electronic Arts games to be played with legendary GeForce® performance by gamers who may not have a gaming PC— that includes more than 1 billion underpowered PCs and incompatible devices, like phones, tablets and Chromebooks. Nearly 80 percent of the devices that currently access GeForce NOW would not otherwise be capable of playing the latest PC games.\nGeForce NOW is connected to the most popular game stores — including Steam and Epic Games Store — a win-win for developers and gamers. No additional development work or porting is required of developers, while gamers get access to hit titles from their library without having to purchase the games again, or having to deal with hefty downloads, patches and updates. Electronic Arts games can be added quickly to GeForce NOW through regular “GFN Thursday” releases.\nStream It Now\nFive games from some of Electronic Arts’ most popular franchises are available on GeForce NOW, starting today. Members can stream Battlefield 1 Revolution to experience immersive untold stories of World War I; become a heroic leader and restore order against agents of chaos in Dragon Age: Inquisition; solve puzzles with the family-friendly Unravel Two; or dive into a fast-paced, free-running adventure with Mirror’s Edge Catalyst.\nThese additions from Electronic Arts joinoneof the most-played games on GeForce NOW,Apex Legends. The high-speed hero shooter has already been streamed by more than 1 million members.","news_type":1,"symbols_score_info":{"EA":0.9}},"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865761018,"gmtCreate":1633020600070,"gmtModify":1633020600339,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586128029522690","idStr":"3586128029522690"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>bbuy more","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>bbuy more","text":"$Palantir Technologies Inc.(PLTR)$bbuy 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Inc.(PLTR)$</a>Not bad","text":"$Palantir Technologies Inc.(PLTR)$Not bad","images":[{"img":"https://static.tigerbbs.com/b0a40d4bed47e3f30d2d605d04832d88","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/884639051","isVote":1,"tweetType":1,"viewCount":644,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":884630647,"gmtCreate":1631885937389,"gmtModify":1632805583608,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586128029522690","idStr":"3586128029522690"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>great","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>great","text":"$Alibaba(BABA)$great","images":[{"img":"https://static.tigerbbs.com/cdb511a44aaed5082c8cf1e685365c20","width":"1080","height":"3842"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/884630647","isVote":1,"tweetType":1,"viewCount":475,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":860157307,"gmtCreate":1632147890509,"gmtModify":1632802518139,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PFE\">$Pfizer(PFE)$</a>only this stock today green colour in my watch list","listText":"<a href=\"https://laohu8.com/S/PFE\">$Pfizer(PFE)$</a>only this stock today green colour in my watch list","text":"$Pfizer(PFE)$only this stock today green colour in my watch list","images":[{"img":"https://static.tigerbbs.com/8fad93a2da23d35ab9a6df7154480528","width":"1080","height":"3615"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/860157307","isVote":1,"tweetType":1,"viewCount":606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":807338218,"gmtCreate":1627999831934,"gmtModify":1631889661317,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>uup pls","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>uup pls","text":"$Alibaba(BABA)$uup pls","images":[{"img":"https://static.tigerbbs.com/6349f17fde184def228cbdbcb734f96d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/807338218","isVote":1,"tweetType":1,"viewCount":675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":145069726,"gmtCreate":1626183574765,"gmtModify":1633929318716,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Great, like","listText":"Great, like","text":"Great, like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/145069726","repostId":"2151569608","repostType":4,"isVote":1,"tweetType":1,"viewCount":270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147679157,"gmtCreate":1626357754179,"gmtModify":1631891117610,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Good luck invest","listText":"Good luck invest","text":"Good luck invest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/147679157","repostId":"2151529000","repostType":4,"isVote":1,"tweetType":1,"viewCount":464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144120986,"gmtCreate":1626272340845,"gmtModify":1631891117666,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Up up up","listText":"Up up up","text":"Up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/144120986","repostId":"1109822941","repostType":4,"repost":{"id":"1109822941","kind":"news","pubTimestamp":1626271170,"share":"https://www.laohu8.com/m/news/1109822941?lang=zh_CN&edition=full","pubTime":"2021-07-14 21:59","market":"us","language":"en","title":"Apple at Fresh Record High on iPhone Production Boost Report, JPMorgan Upgrade<blockquote>苹果因iPhone产量增长报告和摩根大通升级而创下历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109822941","media":"Thestreet","summary":"Apple shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.Bloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics, saidJune qu","content":"<p>Apple&nbsp;shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.</p><p><blockquote>苹果股价周三跃升至历史新高，此前有报道称，这家iPhone制造商已要求供应商今年将产量提高20%，以满足不断改善的客户需求。</blockquote></p><p> Bloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics,&nbsp;saidJune quarter profits are likely to rise by 53% from last yearto 12.5 trillion won ($11 billion).</p><p><blockquote>彭博社周三报道称，苹果计划今年生产9000万部下一代iPhone，这家全球最大的科技公司预计将从今年晚些时候推出的新款5G手机中获得提振。本月早些时候，苹果的主要竞争对手三星电子表示，6月份季度利润可能比去年增长53%，达到12.5万亿韩元（110亿美元）。</blockquote></p><p> Shares were also buoyed by an upgrade at JPMorgan, which added the stock to its 'analyst focus list' as&nbsp;Samik Chatterjee&nbsp;boosted his price target by $5 to $175 each.</p><p><blockquote>摩根大通的评级上调也提振了股价，摩根大通将该股添加到“分析师关注名单”中，Samik Chatterjee将其目标价提高了5美元，至每股175美元。</blockquote></p><p> \"We are adding Apple shares to the Analyst Focus List as a Growth idea as data points supporting our recently highlighted favorable view on the shares continue to trickle in, including upside revision to iPhone 12 build estimates by Apple Supply Chain analyst, William Yang, as well as continued strength in sales of Mac devices,\" Chatterjee wrote. \"While the above drivers lead to an increase in our near-term forecasts, the recent momentum led by better market share, drives us to also estimate higher sustainable volumes in future quarters, leading us to see a path to Apple outperforming investor expectations over a longer time horizon rather than just the upcoming earnings print.\"</p><p><blockquote>Chatterjee写道：“随着支持我们最近强调的对该股有利看法的数据点不断涌入，包括苹果供应链分析师William Yang对iPhone 12产量预期的向上修正，我们将苹果股票作为增长理念添加到分析师关注名单中。以及Mac设备销售的持续强劲。”“虽然上述驱动因素导致我们的近期预测增加，但近期由更好的市场份额带动的势头也促使我们估计未来几个季度的可持续销量会更高，这使我们看到苹果的表现将超出投资者预期更长的时间范围，而不仅仅是即将发布的收益报告。”</blockquote></p><p> Apple shares were marked 2.1% higher in early trading Wednesday to change hands at $148.71 each, just shy of the intra-day record high of $148.96 it hit at the opening bell.</p><p><blockquote>苹果股价周三早盘上涨2.1%，至每股148.71美元，略低于开盘时创下的148.96美元的盘中历史新高。</blockquote></p><p> Apple is set to report its third quarter earnings on July 27, with CFO Luca Maestri cautioning investors in late April that the group is likely to experience a \"steeper than usual\" sequential revenue decline thanks in part to supply constraints linked to the global semiconductor shortage following Street-blasting sales of nearly $90 billion for the three months ending in March.</p><p><blockquote>苹果将于7月27日公布第三季度收益，首席财务官卢卡·马埃斯特里(Luca Maestri)在4月底警告投资者，该集团可能会经历“比平常更严重”的收入环比下降，部分原因是与全球半导体相关的供应限制。截至3月份的三个月，街头销售额接近900亿美元，导致短缺。</blockquote></p><p> Apple said iPhone revenues rose 65% from last year to $47.94 billion, well ahead of the $41.7 billion Street forecast, thanks to what CEO Tim Cook called \"strong demand for the iPhone 12 family\".</p><p><blockquote>苹果表示，得益于首席执行官Tim Cook所说的“对iPhone 12系列的强劲需求”，iPhone营收较去年增长65%至479.4亿美元，远高于华尔街预测的417亿美元。</blockquote></p><p> Greater China revenues, Apple said, rose 88% from last year's pandemic trough to $17.728 billion, while overall services revenues rose 26.6% to $16.9 billion.</p><p><blockquote>苹果表示，大中华区收入较去年疫情低谷增长88%，达到177.28亿美元，而整体服务收入增长26.6%，达到169亿美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple at Fresh Record High on iPhone Production Boost Report, JPMorgan Upgrade<blockquote>苹果因iPhone产量增长报告和摩根大通升级而创下历史新高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple at Fresh Record High on iPhone Production Boost Report, JPMorgan Upgrade<blockquote>苹果因iPhone产量增长报告和摩根大通升级而创下历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-14 21:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple&nbsp;shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.</p><p><blockquote>苹果股价周三跃升至历史新高，此前有报道称，这家iPhone制造商已要求供应商今年将产量提高20%，以满足不断改善的客户需求。</blockquote></p><p> Bloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics,&nbsp;saidJune quarter profits are likely to rise by 53% from last yearto 12.5 trillion won ($11 billion).</p><p><blockquote>彭博社周三报道称，苹果计划今年生产9000万部下一代iPhone，这家全球最大的科技公司预计将从今年晚些时候推出的新款5G手机中获得提振。本月早些时候，苹果的主要竞争对手三星电子表示，6月份季度利润可能比去年增长53%，达到12.5万亿韩元（110亿美元）。</blockquote></p><p> Shares were also buoyed by an upgrade at JPMorgan, which added the stock to its 'analyst focus list' as&nbsp;Samik Chatterjee&nbsp;boosted his price target by $5 to $175 each.</p><p><blockquote>摩根大通的评级上调也提振了股价，摩根大通将该股添加到“分析师关注名单”中，Samik Chatterjee将其目标价提高了5美元，至每股175美元。</blockquote></p><p> \"We are adding Apple shares to the Analyst Focus List as a Growth idea as data points supporting our recently highlighted favorable view on the shares continue to trickle in, including upside revision to iPhone 12 build estimates by Apple Supply Chain analyst, William Yang, as well as continued strength in sales of Mac devices,\" Chatterjee wrote. \"While the above drivers lead to an increase in our near-term forecasts, the recent momentum led by better market share, drives us to also estimate higher sustainable volumes in future quarters, leading us to see a path to Apple outperforming investor expectations over a longer time horizon rather than just the upcoming earnings print.\"</p><p><blockquote>Chatterjee写道：“随着支持我们最近强调的对该股有利看法的数据点不断涌入，包括苹果供应链分析师William Yang对iPhone 12产量预期的向上修正，我们将苹果股票作为增长理念添加到分析师关注名单中。以及Mac设备销售的持续强劲。”“虽然上述驱动因素导致我们的近期预测增加，但近期由更好的市场份额带动的势头也促使我们估计未来几个季度的可持续销量会更高，这使我们看到苹果的表现将超出投资者预期更长的时间范围，而不仅仅是即将发布的收益报告。”</blockquote></p><p> Apple shares were marked 2.1% higher in early trading Wednesday to change hands at $148.71 each, just shy of the intra-day record high of $148.96 it hit at the opening bell.</p><p><blockquote>苹果股价周三早盘上涨2.1%，至每股148.71美元，略低于开盘时创下的148.96美元的盘中历史新高。</blockquote></p><p> Apple is set to report its third quarter earnings on July 27, with CFO Luca Maestri cautioning investors in late April that the group is likely to experience a \"steeper than usual\" sequential revenue decline thanks in part to supply constraints linked to the global semiconductor shortage following Street-blasting sales of nearly $90 billion for the three months ending in March.</p><p><blockquote>苹果将于7月27日公布第三季度收益，首席财务官卢卡·马埃斯特里(Luca Maestri)在4月底警告投资者，该集团可能会经历“比平常更严重”的收入环比下降，部分原因是与全球半导体相关的供应限制。截至3月份的三个月，街头销售额接近900亿美元，导致短缺。</blockquote></p><p> Apple said iPhone revenues rose 65% from last year to $47.94 billion, well ahead of the $41.7 billion Street forecast, thanks to what CEO Tim Cook called \"strong demand for the iPhone 12 family\".</p><p><blockquote>苹果表示，得益于首席执行官Tim Cook所说的“对iPhone 12系列的强劲需求”，iPhone营收较去年增长65%至479.4亿美元，远高于华尔街预测的417亿美元。</blockquote></p><p> Greater China revenues, Apple said, rose 88% from last year's pandemic trough to $17.728 billion, while overall services revenues rose 26.6% to $16.9 billion.</p><p><blockquote>苹果表示，大中华区收入较去年疫情低谷增长88%，达到177.28亿美元，而整体服务收入增长26.6%，达到169亿美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/apple-jumps-on-iphone-production-boost-report-jpmorgan-upgrade\">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/investing/apple-jumps-on-iphone-production-boost-report-jpmorgan-upgrade","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109822941","content_text":"Apple shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.\nBloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics, saidJune quarter profits are likely to rise by 53% from last yearto 12.5 trillion won ($11 billion).\nShares were also buoyed by an upgrade at JPMorgan, which added the stock to its 'analyst focus list' as Samik Chatterjee boosted his price target by $5 to $175 each.\n\"We are adding Apple shares to the Analyst Focus List as a Growth idea as data points supporting our recently highlighted favorable view on the shares continue to trickle in, including upside revision to iPhone 12 build estimates by Apple Supply Chain analyst, William Yang, as well as continued strength in sales of Mac devices,\" Chatterjee wrote. \"While the above drivers lead to an increase in our near-term forecasts, the recent momentum led by better market share, drives us to also estimate higher sustainable volumes in future quarters, leading us to see a path to Apple outperforming investor expectations over a longer time horizon rather than just the upcoming earnings print.\"\nApple shares were marked 2.1% higher in early trading Wednesday to change hands at $148.71 each, just shy of the intra-day record high of $148.96 it hit at the opening bell.\nApple is set to report its third quarter earnings on July 27, with CFO Luca Maestri cautioning investors in late April that the group is likely to experience a \"steeper than usual\" sequential revenue decline thanks in part to supply constraints linked to the global semiconductor shortage following Street-blasting sales of nearly $90 billion for the three months ending in March.\nApple said iPhone revenues rose 65% from last year to $47.94 billion, well ahead of the $41.7 billion Street forecast, thanks to what CEO Tim Cook called \"strong demand for the iPhone 12 family\".\nGreater China revenues, Apple said, rose 88% from last year's pandemic trough to $17.728 billion, while overall services revenues rose 26.6% to $16.9 billion.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146485035,"gmtCreate":1626096857027,"gmtModify":1633930192097,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Like like","listText":"Like like","text":"Like like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/146485035","repostId":"1164250086","repostType":4,"isVote":1,"tweetType":1,"viewCount":532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148395519,"gmtCreate":1625926921131,"gmtModify":1633931531831,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Good stock to hold","listText":"Good stock to hold","text":"Good stock to hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/148395519","repostId":"2150370120","repostType":4,"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124599670,"gmtCreate":1624770546290,"gmtModify":1633948788410,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Nio","listText":"Nio","text":"Nio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/124599670","repostId":"1137119316","repostType":4,"repost":{"id":"1137119316","kind":"news","pubTimestamp":1624754401,"share":"https://www.laohu8.com/m/news/1137119316?lang=zh_CN&edition=full","pubTime":"2021-06-27 08:40","market":"us","language":"en","title":"Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137119316","media":"seekingalpha","summary":"I am comparing Ford against NIO in different categories.The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.NIO is growing a lot faster than Ford and the high valuation may be justified.With Ford  launching a major offensive in the market for electric vehicles, Chinese EV maker NIO  will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在加深对福特和蔚来增长潜力的了解，同时突出市场地位和机会的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock来自Getty Images</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临多一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后做出最终裁决。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特vs蔚来：全球电动车市场争夺战升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司将在快速增长的全球电动汽车市场上展开正面交锋。福特的车队尚未专注于电动汽车，但这种情况将会改变：感觉到电动汽车竞赛正在升温，福特表示正在加速其电气化计划，到2025年投资300B美元用于电动汽车制造能力。福特之前的资本计划要求对零排放汽车投资220亿美元。福特还设定了一个雄心勃勃的销售目标：未来十年内其全球销量的40%将是电动汽车，皮卡销量的33%将是电动汽车。如今，电动汽车销量仅占福特销量的1%。随着福特逐步淘汰内燃机，它将在2040年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020年，中国购买了全球41%的电动汽车。中国买家去年购买了130万辆电动汽车，随着北京寻求提高电动汽车的采用率，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是世界上插电式电动汽车的第三大市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>迄今为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速赶上，部分原因是立法努力增加零排放乘用车的采用，以及对全欧洲充电站网络的大量投资。蔚来即将进入欧洲市场，以期在竞争准备就绪之前扩大在全球第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>北京是蔚来汽车行业电气化背后的驱动力：政府希望到2025年电动汽车在新车销售中的份额达到20%，这将推动电动汽车在国内市场的渗透率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场有望出现全球最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，中国的电动汽车销量将超过世界上所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长以及更有利的监管框架，因此中国的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有一个世纪的制造经验。但到目前为止，福特的产品线中只有一款全电动汽车可以与蔚来相媲美：野马Mach-E SUV。2022年，福特将开始销售全电动F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来仅专注于生产电动汽车，并且占据了非常小且明确的利基市场，因此这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商所希望的更快的速度提高电动汽车产量。这使得福特不仅在美国成为特斯拉(TSLA)的有力竞争对手，而且在国外也成为蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议在其车队电气化上投入300B美元，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化和BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在一个竞争只会随着时间的推移而变得更加激烈的市场中的重要性，这就是为什么两家公司都在一个可以打破或巩固电动汽车市场主导地位的相关领域：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司SK Innovation组建一家合资企业，以确保牵引电池单元和阵列模块的供应。该合资企业旨在加速电池交付，每年将生产约60 GWh，足以满足福特到2030年预计年度能源需求的25%。蔚来也在投资电池技术，并成立了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特的不同之处在于，蔚来的电池投资策略围绕电池订阅模式，也称为“电池即服务”，这为这家中国汽车制造商创造了强大的长期收入机会。在这种“BaaS”模式下，购买蔚来电动汽车的用户可以获得7万元人民币的初始折扣，相当于1.08万美元，并且可以签约包月租用可充电的70 kWh电池。然后可以在蔚来的一个电池交换站更换电池，该站遍布中国大多数大城市。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于预付折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和更好的性能随着时间的推移。将电池成本与汽车价格脱钩为蔚来创造了一个全新的订阅收入来源。“BaaS”订阅的收入可用于增加蔚来充电/更换站网络的密度。电池订阅模式还将客户与蔚来绑定在一起，有可能增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>福特和蔚来准备从电动汽车电池成本下降中受益，因为它们增加了资本配置。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这将推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车与内燃机乘用车相比更具竞争力。但由于蔚来明确围绕电池订阅构建其商业模式的一部分，蔚来可能比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德(Schroders)提供的信息，自2014年以来，电动汽车的电池成本已下降70%，并且在本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS”模式非常天才，从长远来看，它可能会发展成为蔚来每年5亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特5月份销量同比增长4.1%，但电动汽车销量（包括混合动力汽车）同比飙升184%，福特5月份售出创纪录的10,364辆电动汽车/混合动力汽车。Escape electrified销量和Explorer Hybrid销量同比增长125%和132%，显示出强劲的客户接受度。蔚来上个月交付了6,711辆汽车，其中包括3,017辆ES6、1,412辆ES8和2,282辆EC6。5月份总交付量同比增长率为95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销售额是蔚来的54倍，这为蔚来创造了更多的销售增长和价值重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来的估值差异就像白天和黑夜的区别。这是因为尽管电动汽车类别出现爆炸性增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量将实现中低位数增长。预计到2025财年（基准年：2020财年），福特的收入将增长33%，蔚来的收入将增长808%！</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于这些销量增长的差异，蔚来与福特完全相反，至少就估值而言。这家中国电动汽车制造商预计今年的销量和交付量将增长接近100%，由于蔚来只经营电动汽车，蔚来的市值与销售额比率远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来风险更大……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。蔚来的全球总销量增长潜力更大，因为与福特相比，它的收入基础较小。但也有一些事情对蔚来不利。例如，对于蔚来来说，由于生产缺陷而导致的召回将是一个比福特更大的挑战，福特可以依赖全球服务和分销网络。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓将对财务状况造成更大的影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>终审判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更“性感”的汽车制造商。中欧的强劲采用和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，这是天才之举。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着汽车制造商对其车队进行电气化，电动汽车销量的比例将会增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果您相信全球电动汽车市场的潜力并且不喜欢太多风险，请购买福特。</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>Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</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\">\nFord Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-27 08:40</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>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在加深对福特和蔚来增长潜力的了解，同时突出市场地位和机会的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock来自Getty Images</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临多一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后做出最终裁决。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特vs蔚来：全球电动车市场争夺战升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司将在快速增长的全球电动汽车市场上展开正面交锋。福特的车队尚未专注于电动汽车，但这种情况将会改变：感觉到电动汽车竞赛正在升温，福特表示正在加速其电气化计划，到2025年投资300B美元用于电动汽车制造能力。福特之前的资本计划要求对零排放汽车投资220亿美元。福特还设定了一个雄心勃勃的销售目标：未来十年内其全球销量的40%将是电动汽车，皮卡销量的33%将是电动汽车。如今，电动汽车销量仅占福特销量的1%。随着福特逐步淘汰内燃机，它将在2040年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020年，中国购买了全球41%的电动汽车。中国买家去年购买了130万辆电动汽车，随着北京寻求提高电动汽车的采用率，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是世界上插电式电动汽车的第三大市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>迄今为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速赶上，部分原因是立法努力增加零排放乘用车的采用，以及对全欧洲充电站网络的大量投资。蔚来即将进入欧洲市场，以期在竞争准备就绪之前扩大在全球第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>北京是蔚来汽车行业电气化背后的驱动力：政府希望到2025年电动汽车在新车销售中的份额达到20%，这将推动电动汽车在国内市场的渗透率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场有望出现全球最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，中国的电动汽车销量将超过世界上所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长以及更有利的监管框架，因此中国的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有一个世纪的制造经验。但到目前为止，福特的产品线中只有一款全电动汽车可以与蔚来相媲美：野马Mach-E SUV。2022年，福特将开始销售全电动F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来仅专注于生产电动汽车，并且占据了非常小且明确的利基市场，因此这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商所希望的更快的速度提高电动汽车产量。这使得福特不仅在美国成为特斯拉(TSLA)的有力竞争对手，而且在国外也成为蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议在其车队电气化上投入300B美元，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化和BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在一个竞争只会随着时间的推移而变得更加激烈的市场中的重要性，这就是为什么两家公司都在一个可以打破或巩固电动汽车市场主导地位的相关领域：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司SK Innovation组建一家合资企业，以确保牵引电池单元和阵列模块的供应。该合资企业旨在加速电池交付，每年将生产约60 GWh，足以满足福特到2030年预计年度能源需求的25%。蔚来也在投资电池技术，并成立了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特的不同之处在于，蔚来的电池投资策略围绕电池订阅模式，也称为“电池即服务”，这为这家中国汽车制造商创造了强大的长期收入机会。在这种“BaaS”模式下，购买蔚来电动汽车的用户可以获得7万元人民币的初始折扣，相当于1.08万美元，并且可以签约包月租用可充电的70 kWh电池。然后可以在蔚来的一个电池交换站更换电池，该站遍布中国大多数大城市。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于预付折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和更好的性能随着时间的推移。将电池成本与汽车价格脱钩为蔚来创造了一个全新的订阅收入来源。“BaaS”订阅的收入可用于增加蔚来充电/更换站网络的密度。电池订阅模式还将客户与蔚来绑定在一起，有可能增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>福特和蔚来准备从电动汽车电池成本下降中受益，因为它们增加了资本配置。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这将推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车与内燃机乘用车相比更具竞争力。但由于蔚来明确围绕电池订阅构建其商业模式的一部分，蔚来可能比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德(Schroders)提供的信息，自2014年以来，电动汽车的电池成本已下降70%，并且在本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS”模式非常天才，从长远来看，它可能会发展成为蔚来每年5亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特5月份销量同比增长4.1%，但电动汽车销量（包括混合动力汽车）同比飙升184%，福特5月份售出创纪录的10,364辆电动汽车/混合动力汽车。Escape electrified销量和Explorer Hybrid销量同比增长125%和132%，显示出强劲的客户接受度。蔚来上个月交付了6,711辆汽车，其中包括3,017辆ES6、1,412辆ES8和2,282辆EC6。5月份总交付量同比增长率为95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销售额是蔚来的54倍，这为蔚来创造了更多的销售增长和价值重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来的估值差异就像白天和黑夜的区别。这是因为尽管电动汽车类别出现爆炸性增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量将实现中低位数增长。预计到2025财年（基准年：2020财年），福特的收入将增长33%，蔚来的收入将增长808%！</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于这些销量增长的差异，蔚来与福特完全相反，至少就估值而言。这家中国电动汽车制造商预计今年的销量和交付量将增长接近100%，由于蔚来只经营电动汽车，蔚来的市值与销售额比率远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来风险更大……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。蔚来的全球总销量增长潜力更大，因为与福特相比，它的收入基础较小。但也有一些事情对蔚来不利。例如，对于蔚来来说，由于生产缺陷而导致的召回将是一个比福特更大的挑战，福特可以依赖全球服务和分销网络。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓将对财务状况造成更大的影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>终审判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更“性感”的汽车制造商。中欧的强劲采用和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，这是天才之举。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着汽车制造商对其车队进行电气化，电动汽车销量的比例将会增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果您相信全球电动汽车市场的潜力并且不喜欢太多风险，请购买福特。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict\">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":{"NIO":"蔚来","F":"福特汽车"},"source_url":"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137119316","content_text":"Summary\n\nI am comparing Ford against NIO in different categories.\nThe comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.\nNIO is growing a lot faster than Ford and the high valuation may be justified.\n\npeterschreiber.media/iStock via Getty Images\nWith Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.\nFord vs. NIO: The battle for the global electric vehicle market is heating up\nAlthough there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing $30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.\nMarket opportunity\nIn 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.\n(Source: Wikipedia)\nChina, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is on the cusp of entering the European market in a bid to grow market share in the world’s second-largest EV market before the competition is ready.\nBeijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a twenty percent share of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.\n(Source:Schroders)\nTurning to growth projections.\nWith more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.\n(Source:McKinsey)\nSince China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.\nScale and manufacturing competence\nFord has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.\nSince NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.\nWinner here: Ford.\nDifferentiation and BaaS revenue model\nBoth Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.\nFord is forming a joint venture with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has formed its own joint venture to secure battery supply.\nThe difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.\nThe BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.\nFord and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.\nBattery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.\n(Source: Schroders)\nThe “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.\nSales growth and valuation\nFord’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.\nFord's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.\nData by YCharts\nThe difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!\nDue to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.\n(Source: Author)\nNIO has larger risks...\nNIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.\nFinal verdict\nNIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.\nFord’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.\nIf you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.","news_type":1,"symbols_score_info":{"NIO":0.9,"F":0.9}},"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816502504,"gmtCreate":1630506022008,"gmtModify":1631889645387,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"will go tru","listText":"will go tru","text":"will go tru","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/816502504","repostId":"1167796919","repostType":4,"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803005167,"gmtCreate":1627395240359,"gmtModify":1631891117574,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Up up pls","listText":"Up up pls","text":"Up up pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803005167","repostId":"1108884592","repostType":4,"isVote":1,"tweetType":1,"viewCount":303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145060018,"gmtCreate":1626183538134,"gmtModify":1633929319842,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Ehh....wait for good news","listText":"Ehh....wait for good news","text":"Ehh....wait for good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/145060018","repostId":"1111418784","repostType":4,"repost":{"id":"1111418784","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":1626183009,"share":"https://www.laohu8.com/m/news/1111418784?lang=zh_CN&edition=full","pubTime":"2021-07-13 21:30","market":"us","language":"en","title":"Dow retreats slightly from record as hot inflation report overshadows strong earnings<blockquote>由于热门通胀报告盖过强劲盈利，道琼斯指数从创纪录水平小幅回落</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111418784","media":"Tiger Newspress","summary":"Stocks fell slightly on Tuesday after a hotter-than-expected inflation report overshadowed a strong ","content":"<p>Stocks fell slightly on Tuesday after a hotter-than-expected inflation report overshadowed a strong start to second-quarter earnings season.</p><p><blockquote>高于预期的通胀报告盖过了第二季度财报季的强劲开局，周二股市小幅下跌。</blockquote></p><p> The Dow Jones Industrial average shed 20 points, or 0.1%. The measure closed at a record just below 35,000 the day prior. The S&amp;P 500 lost 0.1%. The Nasdaq Composite also fell 0.1%.</p><p><blockquote>道琼斯工业平均指数下跌20点，即0.1%。该指标前一天收于略低于35,000点的创纪录水平。标普500下跌0.1%。纳斯达克综合指数也下跌0.1%。</blockquote></p><p> Inflation rose at its fastest pace in nearly 13 years,the Labor Department reported Tuesday. The consumer price index increased 5.4% from a year ago; economists surveyed by Dow Jones expected a 5% gain. Core CPI, excluding food and energy, jumped 4.5%, the sharpest move for that measure since September 1991 and well above the estimate of 3.8%.</p><p><blockquote>美国劳工部周二报告称，通货膨胀率以近13年来最快的速度上升。居民消费价格指数同比上涨5.4%；道琼斯调查的经济学家预计将上涨5%。不包括食品和能源的核心CPI上涨4.5%，为1991年9月以来该指标的最大涨幅，远高于3.8%的预期。</blockquote></p><p> \"A white-hot June CPI print has the markets jittery this morning,\" Cliff Hodge, CIO at Cornerstone Wealth, said. \"Moving forward we expect these inflation numbers to begin to cool. June 2020 was the absolute low for Core CPI during the pandemic shutdown, so the comparisons get tougher from&nbsp;here. Used car prices soared 45% year over year which is not likely to persist in coming months.\"</p><p><blockquote>Cornerstone Wealth首席信息官克里夫·霍奇(Cliff Hodge)表示：“今天早上白热化的6月份消费者物价指数(CPI)数据让市场感到紧张。”“展望未来，我们预计这些通胀数据将开始降温。2020年6月是大流行关闭期间核心CPI的绝对低点，因此从这里开始比较变得更加困难。二手车价格同比飙升45%，这不太可能持续在未来几个月。”</blockquote></p><p> The10-year U.S. Treasury yield&nbsp;edged slightly higher following the CPI report.</p><p><blockquote>CPI报告公布后，10年期美国国债收益率小幅走高。</blockquote></p><p> The latest inflation data came after big banks and PepsiCo posted blowout second-quarter earnings reports beating Wall Street estimates. But with stocks at record highs and the Dow Jones Industrial Average just shy of 35,000, expectations likely ran higher than the official estimates reflected.</p><p><blockquote>最新的通胀数据发布之前，大银行和百事可乐发布了超出华尔街预期的井喷式第二季度收益报告。但由于股市创历史新高，道琼斯工业平均指数略低于35,000点，预期可能高于官方预期。</blockquote></p><p> JPMorgan Chase shares dipped in the premarket even after posting&nbsp;second-quarter earningsof $11.9 billion, or $3.78 per share, which exceeded the $3.21 estimate of analysts surveyed by Refinitiv.</p><p><blockquote>摩根大通公布第二季度盈利119亿美元，即每股3.78美元，超过了Refinitiv调查的分析师3.21美元的预期，但其股价在盘前仍下跌。</blockquote></p><p> Banks set aside billions of dollars for loan losses amid the pandemic, but have been releasing those reserves as consumers performed better than expected. JPMorgan released $3 billion in loan loss reserves after taking just $734 million in charge-offs. That gave the firm a $2.3 billion benefit, allowing the bank to top earnings expectations. Investors may be giving less credit to JPMorgan's earnings beat due to this loan loss reserve release.</p><p><blockquote>银行为疫情期间的贷款损失预留了数十亿美元，但随着消费者的表现好于预期，银行一直在释放这些准备金。摩根大通在仅冲销7.34亿美元后释放了30亿美元的贷款损失准备金。这给该公司带来了23亿美元的收益，使该银行的盈利超出了预期。由于此次贷款损失准备金的释放，投资者可能会减少对摩根大通盈利超出预期的信任。</blockquote></p><p> Meanwhile, Goldman Sachs shared edged about 1% higher in premarket trading. The firm reported&nbsp;second-quarter earnings&nbsp;of $15.02 per share, topping analysts' expectation of $10.24 earnings per share. The bank posted its second-best ever quarterly investment banking revenue as a rush of IPOs hit Wall Street last quarter.</p><p><blockquote>与此同时，高盛股价在盘前交易中小幅上涨约1%。该公司公布第二季度每股收益为15.02美元，高于分析师预期的每股收益10.24美元。随着上季度华尔街IPO热潮席卷，该银行公布了有史以来第二好的季度投资银行收入。</blockquote></p><p> PepsiCo also crushed estimates for its&nbsp;second-quarter earnings&nbsp;and revenue, fueled by returning restaurant demand. The drink and snack giant also raised its forecast. Shares added more than 1% in premarket trading.</p><p><blockquote>受餐厅需求回升的推动，百事公司第二季度盈利和收入也超出了预期。这家饮料和零食巨头也上调了预测。股价在盘前交易中上涨超过1%。</blockquote></p><p> Overall earnings reports are expected to be stellar for the second quarter over the coming weeks with profit growth estimated at 64% year-over-year for the quarter, according to FactSet. That would be the biggest quarterly profit increase since 2009.</p><p><blockquote>FactSet的数据显示，未来几周第二季度的整体盈利报告预计将非常出色，该季度利润预计同比增长64%。这将是自2009年以来最大的季度利润增幅。</blockquote></p><p> Banks' earnings are expected to more than double for the second quarter, with an estimated 119.5% estimated year-over-year growth rate, according to analysts polled by FactSet.</p><p><blockquote>FactSet调查的分析师表示，第二季度银行盈利预计将增长一倍以上，预计同比增长率为119.5%。</blockquote></p><p> In the regular trading session on Monday theDowrose 126.02 points to close just below 35,000. The blue-chip measure is up 14% this year. TheS&amp;P 500andNasdaq Compositegained 0.3% and 0.2%, respectively, to record closes.</p><p><blockquote>在周一的常规交易时段，道琼斯指数上涨126.02点，收于略低于35,000点。该蓝筹股指标今年上涨了14%。标准普尔500指数和纳斯达克综合指数分别上涨0.3%和0.2%，创下收盘纪录。</blockquote></p><p> \"High expectations for earnings and each companies' forward guidance will push markets higher or disappointment may create a small pullback in equity markets,\" said Jeff Kilburg, chief investment officer at Sanctuary Wealth. \"Eyes will be on the major banks to set the tone for the next few weeks of earnings.\"</p><p><blockquote>Sanctuary Wealth首席投资官杰夫·基尔伯格(Jeff Kilburg)表示：“对盈利的高预期和每家公司的前瞻性指引将推高市场，否则失望可能会导致股市小幅回调。”“人们将关注主要银行，为未来几周的盈利定下基调。”</blockquote></p><p> Bank of America,Citi&nbsp;group,Wells Fargo&nbsp;and&nbsp;Morgan Stanley&nbsp;all ended Monday higher as well. They will report their earnings later in the week.</p><p><blockquote>美国银行、花旗集团、富国银行和摩根士丹利周一也均收高。他们将在本周晚些时候公布收益。</blockquote></p><p> Federal Reserve Chairman Jerome Powellis scheduled to appearin front of Congress Wednesday and Thursday to provide an update on monetary policy. He has maintained that the Fed's easy policies will remain intact until there's more progress on its employment and inflation goals.</p><p><blockquote>美联储主席杰罗姆·鲍威尔斯定于周三和周四出席国会，提供货币政策的最新情况。他坚称，在就业和通胀目标取得更多进展之前，美联储的宽松政策将保持不变。</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>Dow retreats slightly from record as hot inflation report overshadows strong earnings<blockquote>由于热门通胀报告盖过强劲盈利，道琼斯指数从创纪录水平小幅回落</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\">\nDow retreats slightly from record as hot inflation report overshadows strong earnings<blockquote>由于热门通胀报告盖过强劲盈利，道琼斯指数从创纪录水平小幅回落</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\">2021-07-13 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Stocks fell slightly on Tuesday after a hotter-than-expected inflation report overshadowed a strong start to second-quarter earnings season.</p><p><blockquote>高于预期的通胀报告盖过了第二季度财报季的强劲开局，周二股市小幅下跌。</blockquote></p><p> The Dow Jones Industrial average shed 20 points, or 0.1%. The measure closed at a record just below 35,000 the day prior. The S&amp;P 500 lost 0.1%. The Nasdaq Composite also fell 0.1%.</p><p><blockquote>道琼斯工业平均指数下跌20点，即0.1%。该指标前一天收于略低于35,000点的创纪录水平。标普500下跌0.1%。纳斯达克综合指数也下跌0.1%。</blockquote></p><p> Inflation rose at its fastest pace in nearly 13 years,the Labor Department reported Tuesday. The consumer price index increased 5.4% from a year ago; economists surveyed by Dow Jones expected a 5% gain. Core CPI, excluding food and energy, jumped 4.5%, the sharpest move for that measure since September 1991 and well above the estimate of 3.8%.</p><p><blockquote>美国劳工部周二报告称，通货膨胀率以近13年来最快的速度上升。居民消费价格指数同比上涨5.4%；道琼斯调查的经济学家预计将上涨5%。不包括食品和能源的核心CPI上涨4.5%，为1991年9月以来该指标的最大涨幅，远高于3.8%的预期。</blockquote></p><p> \"A white-hot June CPI print has the markets jittery this morning,\" Cliff Hodge, CIO at Cornerstone Wealth, said. \"Moving forward we expect these inflation numbers to begin to cool. June 2020 was the absolute low for Core CPI during the pandemic shutdown, so the comparisons get tougher from&nbsp;here. Used car prices soared 45% year over year which is not likely to persist in coming months.\"</p><p><blockquote>Cornerstone Wealth首席信息官克里夫·霍奇(Cliff Hodge)表示：“今天早上白热化的6月份消费者物价指数(CPI)数据让市场感到紧张。”“展望未来，我们预计这些通胀数据将开始降温。2020年6月是大流行关闭期间核心CPI的绝对低点，因此从这里开始比较变得更加困难。二手车价格同比飙升45%，这不太可能持续在未来几个月。”</blockquote></p><p> The10-year U.S. Treasury yield&nbsp;edged slightly higher following the CPI report.</p><p><blockquote>CPI报告公布后，10年期美国国债收益率小幅走高。</blockquote></p><p> The latest inflation data came after big banks and PepsiCo posted blowout second-quarter earnings reports beating Wall Street estimates. But with stocks at record highs and the Dow Jones Industrial Average just shy of 35,000, expectations likely ran higher than the official estimates reflected.</p><p><blockquote>最新的通胀数据发布之前，大银行和百事可乐发布了超出华尔街预期的井喷式第二季度收益报告。但由于股市创历史新高，道琼斯工业平均指数略低于35,000点，预期可能高于官方预期。</blockquote></p><p> JPMorgan Chase shares dipped in the premarket even after posting&nbsp;second-quarter earningsof $11.9 billion, or $3.78 per share, which exceeded the $3.21 estimate of analysts surveyed by Refinitiv.</p><p><blockquote>摩根大通公布第二季度盈利119亿美元，即每股3.78美元，超过了Refinitiv调查的分析师3.21美元的预期，但其股价在盘前仍下跌。</blockquote></p><p> Banks set aside billions of dollars for loan losses amid the pandemic, but have been releasing those reserves as consumers performed better than expected. JPMorgan released $3 billion in loan loss reserves after taking just $734 million in charge-offs. That gave the firm a $2.3 billion benefit, allowing the bank to top earnings expectations. Investors may be giving less credit to JPMorgan's earnings beat due to this loan loss reserve release.</p><p><blockquote>银行为疫情期间的贷款损失预留了数十亿美元，但随着消费者的表现好于预期，银行一直在释放这些准备金。摩根大通在仅冲销7.34亿美元后释放了30亿美元的贷款损失准备金。这给该公司带来了23亿美元的收益，使该银行的盈利超出了预期。由于此次贷款损失准备金的释放，投资者可能会减少对摩根大通盈利超出预期的信任。</blockquote></p><p> Meanwhile, Goldman Sachs shared edged about 1% higher in premarket trading. The firm reported&nbsp;second-quarter earnings&nbsp;of $15.02 per share, topping analysts' expectation of $10.24 earnings per share. The bank posted its second-best ever quarterly investment banking revenue as a rush of IPOs hit Wall Street last quarter.</p><p><blockquote>与此同时，高盛股价在盘前交易中小幅上涨约1%。该公司公布第二季度每股收益为15.02美元，高于分析师预期的每股收益10.24美元。随着上季度华尔街IPO热潮席卷，该银行公布了有史以来第二好的季度投资银行收入。</blockquote></p><p> PepsiCo also crushed estimates for its&nbsp;second-quarter earnings&nbsp;and revenue, fueled by returning restaurant demand. The drink and snack giant also raised its forecast. Shares added more than 1% in premarket trading.</p><p><blockquote>受餐厅需求回升的推动，百事公司第二季度盈利和收入也超出了预期。这家饮料和零食巨头也上调了预测。股价在盘前交易中上涨超过1%。</blockquote></p><p> Overall earnings reports are expected to be stellar for the second quarter over the coming weeks with profit growth estimated at 64% year-over-year for the quarter, according to FactSet. That would be the biggest quarterly profit increase since 2009.</p><p><blockquote>FactSet的数据显示，未来几周第二季度的整体盈利报告预计将非常出色，该季度利润预计同比增长64%。这将是自2009年以来最大的季度利润增幅。</blockquote></p><p> Banks' earnings are expected to more than double for the second quarter, with an estimated 119.5% estimated year-over-year growth rate, according to analysts polled by FactSet.</p><p><blockquote>FactSet调查的分析师表示，第二季度银行盈利预计将增长一倍以上，预计同比增长率为119.5%。</blockquote></p><p> In the regular trading session on Monday theDowrose 126.02 points to close just below 35,000. The blue-chip measure is up 14% this year. TheS&amp;P 500andNasdaq Compositegained 0.3% and 0.2%, respectively, to record closes.</p><p><blockquote>在周一的常规交易时段，道琼斯指数上涨126.02点，收于略低于35,000点。该蓝筹股指标今年上涨了14%。标准普尔500指数和纳斯达克综合指数分别上涨0.3%和0.2%，创下收盘纪录。</blockquote></p><p> \"High expectations for earnings and each companies' forward guidance will push markets higher or disappointment may create a small pullback in equity markets,\" said Jeff Kilburg, chief investment officer at Sanctuary Wealth. \"Eyes will be on the major banks to set the tone for the next few weeks of earnings.\"</p><p><blockquote>Sanctuary Wealth首席投资官杰夫·基尔伯格(Jeff Kilburg)表示：“对盈利的高预期和每家公司的前瞻性指引将推高市场，否则失望可能会导致股市小幅回调。”“人们将关注主要银行，为未来几周的盈利定下基调。”</blockquote></p><p> Bank of America,Citi&nbsp;group,Wells Fargo&nbsp;and&nbsp;Morgan Stanley&nbsp;all ended Monday higher as well. They will report their earnings later in the week.</p><p><blockquote>美国银行、花旗集团、富国银行和摩根士丹利周一也均收高。他们将在本周晚些时候公布收益。</blockquote></p><p> Federal Reserve Chairman Jerome Powellis scheduled to appearin front of Congress Wednesday and Thursday to provide an update on monetary policy. He has maintained that the Fed's easy policies will remain intact until there's more progress on its employment and inflation goals.</p><p><blockquote>美联储主席杰罗姆·鲍威尔斯定于周三和周四出席国会，提供货币政策的最新情况。他坚称，在就业和通胀目标取得更多进展之前，美联储的宽松政策将保持不变。</blockquote></p><p></p>\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111418784","content_text":"Stocks fell slightly on Tuesday after a hotter-than-expected inflation report overshadowed a strong start to second-quarter earnings season.\nThe Dow Jones Industrial average shed 20 points, or 0.1%. The measure closed at a record just below 35,000 the day prior. The S&P 500 lost 0.1%. The Nasdaq Composite also fell 0.1%.\nInflation rose at its fastest pace in nearly 13 years,the Labor Department reported Tuesday. The consumer price index increased 5.4% from a year ago; economists surveyed by Dow Jones expected a 5% gain. Core CPI, excluding food and energy, jumped 4.5%, the sharpest move for that measure since September 1991 and well above the estimate of 3.8%.\n\"A white-hot June CPI print has the markets jittery this morning,\" Cliff Hodge, CIO at Cornerstone Wealth, said. \"Moving forward we expect these inflation numbers to begin to cool. June 2020 was the absolute low for Core CPI during the pandemic shutdown, so the comparisons get tougher from here. Used car prices soared 45% year over year which is not likely to persist in coming months.\"\nThe10-year U.S. Treasury yield edged slightly higher following the CPI report.\nThe latest inflation data came after big banks and PepsiCo posted blowout second-quarter earnings reports beating Wall Street estimates. But with stocks at record highs and the Dow Jones Industrial Average just shy of 35,000, expectations likely ran higher than the official estimates reflected.\nJPMorgan Chase shares dipped in the premarket even after posting second-quarter earningsof $11.9 billion, or $3.78 per share, which exceeded the $3.21 estimate of analysts surveyed by Refinitiv.\nBanks set aside billions of dollars for loan losses amid the pandemic, but have been releasing those reserves as consumers performed better than expected. JPMorgan released $3 billion in loan loss reserves after taking just $734 million in charge-offs. That gave the firm a $2.3 billion benefit, allowing the bank to top earnings expectations. Investors may be giving less credit to JPMorgan's earnings beat due to this loan loss reserve release.\nMeanwhile, Goldman Sachs shared edged about 1% higher in premarket trading. The firm reported second-quarter earnings of $15.02 per share, topping analysts' expectation of $10.24 earnings per share. The bank posted its second-best ever quarterly investment banking revenue as a rush of IPOs hit Wall Street last quarter.\nPepsiCo also crushed estimates for its second-quarter earnings and revenue, fueled by returning restaurant demand. The drink and snack giant also raised its forecast. Shares added more than 1% in premarket trading.\nOverall earnings reports are expected to be stellar for the second quarter over the coming weeks with profit growth estimated at 64% year-over-year for the quarter, according to FactSet. That would be the biggest quarterly profit increase since 2009.\nBanks' earnings are expected to more than double for the second quarter, with an estimated 119.5% estimated year-over-year growth rate, according to analysts polled by FactSet.\nIn the regular trading session on Monday theDowrose 126.02 points to close just below 35,000. The blue-chip measure is up 14% this year. TheS&P 500andNasdaq Compositegained 0.3% and 0.2%, respectively, to record closes.\n\"High expectations for earnings and each companies' forward guidance will push markets higher or disappointment may create a small pullback in equity markets,\" said Jeff Kilburg, chief investment officer at Sanctuary Wealth. \"Eyes will be on the major banks to set the tone for the next few weeks of earnings.\"\nBank of America,Citi group,Wells Fargo and Morgan Stanley all ended Monday higher as well. They will report their earnings later in the week.\nFederal Reserve Chairman Jerome Powellis scheduled to appearin front of Congress Wednesday and Thursday to provide an update on monetary policy. He has maintained that the Fed's easy policies will remain intact until there's more progress on its employment and inflation goals.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143004122,"gmtCreate":1625751654066,"gmtModify":1633937720834,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Now global market up n down, have to monitor&nbsp;","listText":"Now global market up n down, have to monitor&nbsp;","text":"Now global market up n down, have to monitor","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/143004122","repostId":"1143211463","repostType":4,"repost":{"id":"1143211463","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":1625751059,"share":"https://www.laohu8.com/m/news/1143211463?lang=zh_CN&edition=full","pubTime":"2021-07-08 21:30","market":"us","language":"en","title":"Dow drops 400 points amid global economic recovery concerns, bond yields slide<blockquote>全球经济复苏担忧道指下跌400点，债券收益率下滑</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143211463","media":"Tiger Newspress","summary":"The major U.S. stock indexes fell on Thursday on concern about the global economic comeback from Cov","content":"<p>The major U.S. stock indexes fell on Thursday on concern about the global economic comeback from Covid-19. The losses came as Japandeclared a state of emergency in Tokyofor the upcoming Olympics and as countries deal with a rebound in cases because of Covid variants.</p><p><blockquote>由于担心全球经济从Covid-19中复苏，美国主要股指周四下跌。这些损失发生之际，日本宣布东京为即将到来的奥运会进入紧急状态，各国正在应对因Covid变种导致的病例反弹。</blockquote></p><p> The Dow Jones Industrial Average dropped about 400 points, or 1.1% with losses increasing throughout the overnight session. The S&amp;P 500 lost 1.25%. The Nasdaq 100 Composite fell 1.6%. Both the S&amp;P 500 and Nasdaq Composite closed at records in the prior session because of gains from tech shares.</p><p><blockquote>道琼斯工业平均指数下跌约400点，跌幅1.1%，隔夜跌幅不断扩大。标普500下跌1.25%。纳斯达克100综合指数下跌1.6%。由于科技股上涨，标普500和纳斯达克综合指数前一交易日均收于创纪录水平。</blockquote></p><p> The Labor Department'slatest jobless claims datacame in unexpectedly higher at 373,000, signaling a slowdown in the the labor picture amid the Covid recovery. Economists expected to see 350,000 first-time applicants for unemployment benefits for the week ended July 3, according to Dow Jones.</p><p><blockquote>劳工部最新的失业救济申请数据出人意料地高出37.3万人，表明在Covid复苏的背景下，劳动力状况有所放缓。据道琼斯称，经济学家预计截至7月3日当周将有35万人首次申请失业救济。</blockquote></p><p> Premarket losses were led by companies that would benefit from a rapid economic comeback from the virus. Shares ofCarnivalandRoyal Caribbeaneach dropped more than 3%.American AirlinesandDelta Air Lineseach fell more than 2% in early trading.Boeingfell 2%.FordandNikewere also lower. RetailersLowe'sandHome Depotalso dipped in premarket trading.</p><p><blockquote>盘前亏损主要是那些将受益于病毒经济快速复苏的公司。嘉年华和皇家加勒比股价均下跌超过3%。美国航空和达美航空早盘均下跌超过2%。波音下跌2%。福特和耐克也走低。零售商斯洛威和家得宝也在盘前交易中下跌。</blockquote></p><p> Chip stocks also fell on concerns about the pace of the global recovery.Micron,NVIDIA,Qualcomm,IntelandApplied Materialsalso ticked lower in the premarket.</p><p><blockquote>由于对全球复苏步伐的担忧，芯片股也下跌。美光、英伟达、高通、英特尔和应用材料也在盘前走低。</blockquote></p><p> \"The market has been in one of those 'Goldilocks' stretches when economic growth was accelerating while inflation and interest rates remained low.&nbsp;Increased Covid cases, particularly Delta Variants have caused concerns that the economic acceleration will slow,\" Timothy Lesko of Granite Investment Advisors told CNBC. \"A few weeks ago the porridge was too hot, now it seems it is too cold.&nbsp;With markets at all time highs and some valuations stretched there is little room for economic slowdown in this market.\"</p><p><blockquote>Granite Investment Advisors的蒂莫西·莱斯科(Timothy Lesko)表示：“当经济增长加速而通胀和利率仍然较低时，市场一直处于‘金发姑娘’时期之一。新冠病例的增加，尤其是Delta变种，引发了人们对经济加速将放缓的担忧。”告诉CNBC。“几周前粥太热了，现在看来太冷了。由于市场处于历史高位且一些估值过高，这个市场的经济放缓空间很小。”</blockquote></p><p> Investors rotated into the safety of Treasuries further on Thursday, pushing the yield on the10-year Treasurybelow 1.255% to the lowest since late February. Despite the recovering economy and fast inflation, the 10-year Treasury yield continues to decline. It was at 1.58% to start July and hit a 2021 high of 1.78% in March. Traders remain confused about the exact reasons for the rollover in yields, with many citing concern that the best of the economic recovery may be behind us.</p><p><blockquote>周四，投资者进一步转向安全的美国国债，将10年期美国国债收益率推低至1.255%以下，至2月底以来的最低水平。尽管经济复苏，通胀快速，但10年期国债收益率仍在继续下降。7月初为1.58%，3月份触及2021年高点1.78%。交易员仍然对收益率翻转的确切原因感到困惑，许多人担心经济复苏的最佳时期可能已经过去。</blockquote></p><p> Bank of America,Wells Fargo,Goldman Sachsand other financial shares declined in premarket trading as their profitability outlook dimmed with lower rates.JPMorgan ChaseandPNC Financialwere also lower.</p><p><blockquote>美国银行、富国银行、高盛和其他金融股在盘前交易中下跌，因为它们的盈利前景因利率下降而变得暗淡。摩根大通和PNC Financial也走低。</blockquote></p><p> \"Nothing suggests the near slump in yields is over,\" wrote Christopher Harvey, head of equity strategy at Wells Fargo, in a note Thursday. \"A sharp drop below 1.25% could cause equity PMs to believe that something is wrong or broken. As a result, we see a growing possibility of a 5% selloff in equities before earnings season.\"</p><p><blockquote>富国银行股票策略主管克里斯托弗·哈维在周四的一份报告中写道：“没有迹象表明收益率近乎暴跌的局面已经结束。”“大幅跌破1.25%可能会导致股市PM认为出了问题或出现了问题。因此，我们认为股市在财报季之前出现5%抛售的可能性越来越大。”</blockquote></p><p> Harvey noted he believes the buying in bonds is more technical in nature and not due to macroeconomic factors.</p><p><blockquote>哈维指出，他认为购买债券本质上更具技术性，而不是由于宏观经济因素。</blockquote></p><p> Spectatorscould be banned from the Olympic games, according to a report following the state of emergency declaration for Tokyo by Japan.</p><p><blockquote>根据日本宣布东京进入紧急状态后的一份报告，观众可能被禁止参加奥运会。</blockquote></p><p> Meanwhile the global Covid death toll continued to advance,exceeding 4 million on late Wednesday, as countries including India battle more transmissible variants.</p><p><blockquote>与此同时，随着包括印度在内的国家与更具传染性的变种作斗争，全球Covid死亡人数继续上升，周三晚间超过400万。</blockquote></p><p> TheCboe Volatility index, or 'VIX,' surged above the key 20 level Thursday morning, perhaps signaling a period of greater volatility ahead.</p><p><blockquote>周四上午，芝加哥期权交易所波动率指数(VIX)飙升至关键的20点上方，这或许预示着未来一段时间将出现更大的波动。</blockquote></p><p> \"The 40 basis point decline in the yield on the benchmark 10-year Treasury note since late-March suggests that the global grab for yield remains a potent force, despite the Fed's desire to let the economy run hot,\" Steven Ricchiuto, U.S. chief economist at Mizuho Securities, wrote in a note this week.</p><p><blockquote>美国首席经济学家史蒂文·里奇乌托(Steven Ricchiuto)表示：“自3月底以来，基准10年期国债收益率下降了40个基点，这表明尽管美联储希望让经济过热，但全球对收益率的争夺仍然是一股强大的力量。”瑞穗证券(Mizuho Securities)经济学家本周在一份报告中写道。</blockquote></p><p> \"A stronger currency, increased virus concerns oversea, and the associated demand for long-term Treasury notes and bonds implies reduced inflation expectations and increased risk of importing global deflation,\" he added.</p><p><blockquote>他补充说：“货币走强、海外病毒担忧加剧以及对长期国债和债券的相关需求意味着通胀预期降低，输入全球通缩的风险增加。”</blockquote></p><p> So-called meme stocks took big hits on Thursday as the sell-off caused investors to flee stocks likeAMCandGameStopthat had been boosted by speculative trading by retail traders chatting on Reddit.</p><p><blockquote>所谓的meme股票周四遭受重创，抛售导致投资者逃离AMCandGameStop等股票，这些股票受到Reddit上零售交易员投机交易的提振。</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>Dow drops 400 points amid global economic recovery concerns, bond yields slide<blockquote>全球经济复苏担忧道指下跌400点，债券收益率下滑</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow drops 400 points amid global economic recovery concerns, bond yields slide<blockquote>全球经济复苏担忧道指下跌400点，债券收益率下滑</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\">2021-07-08 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The major U.S. stock indexes fell on Thursday on concern about the global economic comeback from Covid-19. The losses came as Japandeclared a state of emergency in Tokyofor the upcoming Olympics and as countries deal with a rebound in cases because of Covid variants.</p><p><blockquote>由于担心全球经济从Covid-19中复苏，美国主要股指周四下跌。这些损失发生之际，日本宣布东京为即将到来的奥运会进入紧急状态，各国正在应对因Covid变种导致的病例反弹。</blockquote></p><p> The Dow Jones Industrial Average dropped about 400 points, or 1.1% with losses increasing throughout the overnight session. The S&amp;P 500 lost 1.25%. The Nasdaq 100 Composite fell 1.6%. Both the S&amp;P 500 and Nasdaq Composite closed at records in the prior session because of gains from tech shares.</p><p><blockquote>道琼斯工业平均指数下跌约400点，跌幅1.1%，隔夜跌幅不断扩大。标普500下跌1.25%。纳斯达克100综合指数下跌1.6%。由于科技股上涨，标普500和纳斯达克综合指数前一交易日均收于创纪录水平。</blockquote></p><p> The Labor Department'slatest jobless claims datacame in unexpectedly higher at 373,000, signaling a slowdown in the the labor picture amid the Covid recovery. Economists expected to see 350,000 first-time applicants for unemployment benefits for the week ended July 3, according to Dow Jones.</p><p><blockquote>劳工部最新的失业救济申请数据出人意料地高出37.3万人，表明在Covid复苏的背景下，劳动力状况有所放缓。据道琼斯称，经济学家预计截至7月3日当周将有35万人首次申请失业救济。</blockquote></p><p> Premarket losses were led by companies that would benefit from a rapid economic comeback from the virus. Shares ofCarnivalandRoyal Caribbeaneach dropped more than 3%.American AirlinesandDelta Air Lineseach fell more than 2% in early trading.Boeingfell 2%.FordandNikewere also lower. RetailersLowe'sandHome Depotalso dipped in premarket trading.</p><p><blockquote>盘前亏损主要是那些将受益于病毒经济快速复苏的公司。嘉年华和皇家加勒比股价均下跌超过3%。美国航空和达美航空早盘均下跌超过2%。波音下跌2%。福特和耐克也走低。零售商斯洛威和家得宝也在盘前交易中下跌。</blockquote></p><p> Chip stocks also fell on concerns about the pace of the global recovery.Micron,NVIDIA,Qualcomm,IntelandApplied Materialsalso ticked lower in the premarket.</p><p><blockquote>由于对全球复苏步伐的担忧，芯片股也下跌。美光、英伟达、高通、英特尔和应用材料也在盘前走低。</blockquote></p><p> \"The market has been in one of those 'Goldilocks' stretches when economic growth was accelerating while inflation and interest rates remained low.&nbsp;Increased Covid cases, particularly Delta Variants have caused concerns that the economic acceleration will slow,\" Timothy Lesko of Granite Investment Advisors told CNBC. \"A few weeks ago the porridge was too hot, now it seems it is too cold.&nbsp;With markets at all time highs and some valuations stretched there is little room for economic slowdown in this market.\"</p><p><blockquote>Granite Investment Advisors的蒂莫西·莱斯科(Timothy Lesko)表示：“当经济增长加速而通胀和利率仍然较低时，市场一直处于‘金发姑娘’时期之一。新冠病例的增加，尤其是Delta变种，引发了人们对经济加速将放缓的担忧。”告诉CNBC。“几周前粥太热了，现在看来太冷了。由于市场处于历史高位且一些估值过高，这个市场的经济放缓空间很小。”</blockquote></p><p> Investors rotated into the safety of Treasuries further on Thursday, pushing the yield on the10-year Treasurybelow 1.255% to the lowest since late February. Despite the recovering economy and fast inflation, the 10-year Treasury yield continues to decline. It was at 1.58% to start July and hit a 2021 high of 1.78% in March. Traders remain confused about the exact reasons for the rollover in yields, with many citing concern that the best of the economic recovery may be behind us.</p><p><blockquote>周四，投资者进一步转向安全的美国国债，将10年期美国国债收益率推低至1.255%以下，至2月底以来的最低水平。尽管经济复苏，通胀快速，但10年期国债收益率仍在继续下降。7月初为1.58%，3月份触及2021年高点1.78%。交易员仍然对收益率翻转的确切原因感到困惑，许多人担心经济复苏的最佳时期可能已经过去。</blockquote></p><p> Bank of America,Wells Fargo,Goldman Sachsand other financial shares declined in premarket trading as their profitability outlook dimmed with lower rates.JPMorgan ChaseandPNC Financialwere also lower.</p><p><blockquote>美国银行、富国银行、高盛和其他金融股在盘前交易中下跌，因为它们的盈利前景因利率下降而变得暗淡。摩根大通和PNC Financial也走低。</blockquote></p><p> \"Nothing suggests the near slump in yields is over,\" wrote Christopher Harvey, head of equity strategy at Wells Fargo, in a note Thursday. \"A sharp drop below 1.25% could cause equity PMs to believe that something is wrong or broken. As a result, we see a growing possibility of a 5% selloff in equities before earnings season.\"</p><p><blockquote>富国银行股票策略主管克里斯托弗·哈维在周四的一份报告中写道：“没有迹象表明收益率近乎暴跌的局面已经结束。”“大幅跌破1.25%可能会导致股市PM认为出了问题或出现了问题。因此，我们认为股市在财报季之前出现5%抛售的可能性越来越大。”</blockquote></p><p> Harvey noted he believes the buying in bonds is more technical in nature and not due to macroeconomic factors.</p><p><blockquote>哈维指出，他认为购买债券本质上更具技术性，而不是由于宏观经济因素。</blockquote></p><p> Spectatorscould be banned from the Olympic games, according to a report following the state of emergency declaration for Tokyo by Japan.</p><p><blockquote>根据日本宣布东京进入紧急状态后的一份报告，观众可能被禁止参加奥运会。</blockquote></p><p> Meanwhile the global Covid death toll continued to advance,exceeding 4 million on late Wednesday, as countries including India battle more transmissible variants.</p><p><blockquote>与此同时，随着包括印度在内的国家与更具传染性的变种作斗争，全球Covid死亡人数继续上升，周三晚间超过400万。</blockquote></p><p> TheCboe Volatility index, or 'VIX,' surged above the key 20 level Thursday morning, perhaps signaling a period of greater volatility ahead.</p><p><blockquote>周四上午，芝加哥期权交易所波动率指数(VIX)飙升至关键的20点上方，这或许预示着未来一段时间将出现更大的波动。</blockquote></p><p> \"The 40 basis point decline in the yield on the benchmark 10-year Treasury note since late-March suggests that the global grab for yield remains a potent force, despite the Fed's desire to let the economy run hot,\" Steven Ricchiuto, U.S. chief economist at Mizuho Securities, wrote in a note this week.</p><p><blockquote>美国首席经济学家史蒂文·里奇乌托(Steven Ricchiuto)表示：“自3月底以来，基准10年期国债收益率下降了40个基点，这表明尽管美联储希望让经济过热，但全球对收益率的争夺仍然是一股强大的力量。”瑞穗证券(Mizuho Securities)经济学家本周在一份报告中写道。</blockquote></p><p> \"A stronger currency, increased virus concerns oversea, and the associated demand for long-term Treasury notes and bonds implies reduced inflation expectations and increased risk of importing global deflation,\" he added.</p><p><blockquote>他补充说：“货币走强、海外病毒担忧加剧以及对长期国债和债券的相关需求意味着通胀预期降低，输入全球通缩的风险增加。”</blockquote></p><p> So-called meme stocks took big hits on Thursday as the sell-off caused investors to flee stocks likeAMCandGameStopthat had been boosted by speculative trading by retail traders chatting on Reddit.</p><p><blockquote>所谓的meme股票周四遭受重创，抛售导致投资者逃离AMCandGameStop等股票，这些股票受到Reddit上零售交易员投机交易的提振。</blockquote></p><p></p>\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143211463","content_text":"The major U.S. stock indexes fell on Thursday on concern about the global economic comeback from Covid-19. The losses came as Japandeclared a state of emergency in Tokyofor the upcoming Olympics and as countries deal with a rebound in cases because of Covid variants.\nThe Dow Jones Industrial Average dropped about 400 points, or 1.1% with losses increasing throughout the overnight session. The S&P 500 lost 1.25%. The Nasdaq 100 Composite fell 1.6%. Both the S&P 500 and Nasdaq Composite closed at records in the prior session because of gains from tech shares.\nThe Labor Department'slatest jobless claims datacame in unexpectedly higher at 373,000, signaling a slowdown in the the labor picture amid the Covid recovery. Economists expected to see 350,000 first-time applicants for unemployment benefits for the week ended July 3, according to Dow Jones.\nPremarket losses were led by companies that would benefit from a rapid economic comeback from the virus. Shares ofCarnivalandRoyal Caribbeaneach dropped more than 3%.American AirlinesandDelta Air Lineseach fell more than 2% in early trading.Boeingfell 2%.FordandNikewere also lower. RetailersLowe'sandHome Depotalso dipped in premarket trading.\nChip stocks also fell on concerns about the pace of the global recovery.Micron,NVIDIA,Qualcomm,IntelandApplied Materialsalso ticked lower in the premarket.\n\"The market has been in one of those 'Goldilocks' stretches when economic growth was accelerating while inflation and interest rates remained low. Increased Covid cases, particularly Delta Variants have caused concerns that the economic acceleration will slow,\" Timothy Lesko of Granite Investment Advisors told CNBC. \"A few weeks ago the porridge was too hot, now it seems it is too cold. With markets at all time highs and some valuations stretched there is little room for economic slowdown in this market.\"\nInvestors rotated into the safety of Treasuries further on Thursday, pushing the yield on the10-year Treasurybelow 1.255% to the lowest since late February. Despite the recovering economy and fast inflation, the 10-year Treasury yield continues to decline. It was at 1.58% to start July and hit a 2021 high of 1.78% in March. Traders remain confused about the exact reasons for the rollover in yields, with many citing concern that the best of the economic recovery may be behind us.\nBank of America,Wells Fargo,Goldman Sachsand other financial shares declined in premarket trading as their profitability outlook dimmed with lower rates.JPMorgan ChaseandPNC Financialwere also lower.\n\"Nothing suggests the near slump in yields is over,\" wrote Christopher Harvey, head of equity strategy at Wells Fargo, in a note Thursday. \"A sharp drop below 1.25% could cause equity PMs to believe that something is wrong or broken. As a result, we see a growing possibility of a 5% selloff in equities before earnings season.\"\nHarvey noted he believes the buying in bonds is more technical in nature and not due to macroeconomic factors.\nSpectatorscould be banned from the Olympic games, according to a report following the state of emergency declaration for Tokyo by Japan.\nMeanwhile the global Covid death toll continued to advance,exceeding 4 million on late Wednesday, as countries including India battle more transmissible variants.\nTheCboe Volatility index, or 'VIX,' surged above the key 20 level Thursday morning, perhaps signaling a period of greater volatility ahead.\n\"The 40 basis point decline in the yield on the benchmark 10-year Treasury note since late-March suggests that the global grab for yield remains a potent force, despite the Fed's desire to let the economy run hot,\" Steven Ricchiuto, U.S. chief economist at Mizuho Securities, wrote in a note this week.\n\"A stronger currency, increased virus concerns oversea, and the associated demand for long-term Treasury notes and bonds implies reduced inflation expectations and increased risk of importing global deflation,\" he added.\nSo-called meme stocks took big hits on Thursday as the sell-off caused investors to flee stocks likeAMCandGameStopthat had been boosted by speculative trading by retail traders chatting on Reddit.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":826916826,"gmtCreate":1633964245599,"gmtModify":1633964245684,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>time to buy?","listText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>time to buy?","text":"$Facebook(FB)$time to buy?","images":[{"img":"https://static.tigerbbs.com/9fe8576e55718efe2242648a5c3586f9","width":"1080","height":"3615"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/826916826","isVote":1,"tweetType":1,"viewCount":2585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":806204177,"gmtCreate":1627656049799,"gmtModify":1631889661327,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Fantastic love it","listText":"Fantastic love it","text":"Fantastic love it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806204177","repostId":"1135561812","repostType":4,"repost":{"id":"1135561812","kind":"news","pubTimestamp":1627637430,"share":"https://www.laohu8.com/m/news/1135561812?lang=zh_CN&edition=full","pubTime":"2021-07-30 17:30","market":"us","language":"en","title":"AMD: Still Growing, Still Undervalued<blockquote>AMD：仍在增长，仍被低估</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135561812","media":"seekingalpha","summary":"AMD's margin gains are driven by growing strength in end markets.AMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.AMD's dollar sales growth is cheaper than Nvidia's and AMD might even grow faster.The most interesting revelation of AMD’s Q2’21 earnings, however, was the trend in gross margins. AMD's gross margin jumped 4 PP to 48%, 1 PP above guidance because of a better mix of higher-priced Ryzen processors  and Radeon graphic cards. The uptick in g","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>AMD's margin gains are driven by growing strength in end markets.</li>  <li>AMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.</li>  <li>The semiconductor firm could be a $6.0B free cash flow business next year, even if growth slows down.</li>  <li>AMD's dollar sales growth is cheaper than Nvidia's and AMD might even grow faster.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e6e179318de667e33987f1b4a2afb27\" tg-width=\"768\" tg-height=\"512\" width=\"100%\" height=\"auto\"><span>Jay_Zynism/iStock via Getty Images</span></p><p><blockquote><ul><li>AMD的利润率增长是由终端市场实力的增强推动的。</li><li>AMD将2021财年的收入指引上调了$1.0 B，毛利率接近50%。</li><li>即使增长放缓，这家半导体公司明年的自由现金流也可能达到$6.0 B。</li><li>AMD的美元销售额增长比Nvidia便宜，而且AMD的增长速度甚至可能更快。</li></ul><p class=\"t-img-caption\"><span>Jay_Zynism/iStock来自Getty Images</span></p></blockquote></p><p> AMD (AMD) made a splash yesterday after the semiconductor company reported growth and margins that were even better than what was expected. AMD’s revenue acceleration and strong gross margin expansion make a strong case for upside in the stock.</p><p><blockquote>AMD(AMD)昨天引起了轰动，此前这家半导体公司公布的增长和利润率甚至好于预期。AMD的收入加速和毛利率强劲扩张为该股的上涨提供了强有力的理由。</blockquote></p><p> <b>Why AMD is worth $120</b></p><p><blockquote><b>为什么AMD值120美元</b></blockquote></p><p> Before I dive into AMD’s latestresults, let’s quickly recap what the firm’s guidance was for the last quarter. For Q2’21, AMD expected a minimum of $3.5B in revenues with “high case” guidance implying 7% revenue growth Q/Q and a gross margin of 47%.</p><p><blockquote>在我深入了解AMD的最新业绩之前，让我们快速回顾一下该公司上季度的指引。对于21年第二季度，AMD预计收入至少为$3.5 B，“高案例”指导意味着收入环比增长7%，毛利率为47%。</blockquote></p><p> I expected AMD’s revenues to hit the high end of guidance ($3.7B), to have a minimum free cash flow of $895M (8% Q/Q growth) and a free cash flow margin of 24%. Given the acceleration of sales in higher-priced Ryzen desktop and notebook processors and GPUs as well as higher average selling prices/ASPs driven by broad-based strength in end markets, I expected AMD to beat its own margin guidance and report a gross margin of 48% for Q2’21. I also predicted a refreshment of AMD’s gross margin guidance due to strength in CPU and GPU ASPs. I laid out my forecast for AMD’s Q2’21 earnings in detail inAMD: On The Road To $5 Billion In Annual Free Cash Flow.</p><p><blockquote>我预计AMD的收入将达到指导上限（$3.7 B），最低自由现金流为8.95亿美元（环比增长8%），自由现金流利润率为24%。鉴于价格较高的锐龙台式机和笔记本处理器和GPU的销售加速，以及终端市场广泛实力推动的平均售价/ASP上升，我预计AMD将超出自己的利润率指导，并报告毛利率21年第二季度为48%。我还预测，由于CPU和GPU平均售价的强劲，AMD的毛利率指引将会更新。我在《AMD：迈向50亿美元的年度自由现金流》中详细阐述了对AMD 21年第二季度收益的预测。</blockquote></p><p> Turning to AMD’s actual results, the semiconductor firm proved once more that it is firing on all cylinders. AMD’s Q2’21 revenues were $3,850M, $150M above the high-end of guidance and up 12% Q/Q, with revenue momentum continuing in both Graphics/Computing and Enterprise markets. Graphics/Computing revenues increased 7% Q/Q to $2,250M because of higher client and graphic processor sales as well as strengthening ASPs. Enterprise, which has become the driver of AMD’s sales growth in recent quarters, saw Q2'21 revenues of $1.6B, up 19% Q/Q. Enterprise revenues continued to accelerate in Q2'21, after AMD recorded 5% Q/Q revenue growth in Q1'21.</p><p><blockquote>谈到AMD的实际业绩，这家半导体公司再次证明了它正在全力以赴。AMD 21年第二季度的收入为38.5亿美元，比指导上限高出1.5亿美元，环比增长12%，图形/计算和企业市场的收入势头仍在继续。由于客户端和图形处理器销售额的增加以及平均售价的提高，图形/计算收入环比增长7%，达到22.5亿美元。企业业务已成为AMD近几个季度销售增长的驱动力，21年第二季度收入为$1.6 B，环比增长19%。继AMD在21年第一季度录得5%的季度收入增长后，企业收入在21年第二季度继续加速。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ec3e9d1f0b7d59915f9db8790725803\" tg-width=\"1039\" tg-height=\"587\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：AMD）</span></p></blockquote></p><p> The most interesting revelation of AMD’s Q2’21 earnings, however, was the trend in gross margins. AMD's gross margin jumped 4 PP to 48%, 1 PP above guidance because of a better mix of higher-priced Ryzen processors (both mobile and desktop) and Radeon graphic cards. The uptick in gross margins in Q2’21 marked the third straight quarter of margin expansion for AMD and I don’t believe AMD has seen the end of this trend yet.</p><p><blockquote>然而，AMD 21年第二季度收益中最有趣的启示是毛利率的趋势。AMD的毛利率跃升4个百分点至48%，比指导值高出1个百分点，原因是价格较高的锐龙处理器（移动和桌面）和镭龙显卡的更好组合。21年第二季度毛利率的上升标志着AMD利润率连续第三个季度扩张，我认为AMD还没有看到这一趋势的结束。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dca6426ffa1332827a6774554d499c36\" tg-width=\"1048\" tg-height=\"566\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：AMD）</span></p></blockquote></p><p> Turning to cash flow.</p><p><blockquote>转向现金流。</blockquote></p><p> AMD reported cash flow from operating activities of $952M and free cash flow of $888M, $7M short of my expectation, but still almost six times more than a year ago. As AMD continues to see strong revenue growth tailwinds in both Computing/Graphics and Enterprise end markets, I believe AMD could grow its free cash flow margin to 30% by the end of next year. AMD raised its revenue guidance for FY 2021 (discussed later) by $1.0B which means I am also refreshing my free cash flow expectations for this year and next year.</p><p><blockquote>AMD报告的经营活动现金流为9.52亿美元，自由现金流为8.88亿美元，比我的预期低700万美元，但仍是一年前的近六倍。随着AMD在计算/图形和企业终端市场继续看到强劲的收入增长，我相信AMD可以在明年年底前将其自由现金流利润率提高到30%。AMD将2021财年的收入指引（稍后讨论）提高了$1.0 B，这意味着我也刷新了今年和明年的自由现金流预期。</blockquote></p><p> AMD expects to have revenues of $15.6B this year. Assuming a stable free cash flow margin of 23-24%, AMD is looking at free cash flow of $3.6B to $3.7B. Revenue estimates for next year are not refreshed yet, but AMD should have revenues of at least $20B in FY 2022 (assuming 25% Y/Y growth), implying free cash flow of $4.6B to $4.8B next year… and these estimates do not account for the possibility that AMD’s 3rd-gen EPYC Milan-powered server processors and higher-priced GPUs improve AMD’s free cash flow margin. A 30% free cash flow margin next year implies a free cash flow of $6.0B.</p><p><blockquote>AMD预计今年的收入为$15.6 B。假设稳定的自由现金流利润率为23-24%，AMD预计自由现金流为$3.6 B至$3.7 B。明年的收入预期尚未更新，但AMD在2022财年的收入应至少为$20B（假设同比增长25%），这意味着明年的自由现金流为$4.6 B至$4.8 B……而这些预期并未考虑AMD第三代EPYC Milan驱动的服务器处理器和价格更高的GPU提高AMD自由现金流利润率的可能性。明年30%的自由现金流利润率意味着自由现金流为$6.0 B。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ea23b7429f2edd8ce6dda945a88daa7\" tg-width=\"819\" tg-height=\"593\" 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> <table>  <tbody>   <tr></tr>  </tbody> </table> AMD is guiding for $4.1B in revenues +/- $100 million and the firm refreshed its FY 2021 revenue and gross margin guidance (as predicted). AMD now expects 60% revenue growth for FY 2021 (before 50%) and a gross margin of 48% (before 47%). Assuming 60% revenue growth, AMD is now looking at full year revenues of $15.6B (before $14.6B), so AMD's new guidance calls for $1.0B in additional revenues that were so far not priced into AMD’s market value.</p><p><blockquote><table><tbody><tr></tr></tbody></table>AMD预计收入为41亿美元+/-1亿美元，该公司更新了2021财年收入和毛利率指引（如预期）。AMD目前预计2021财年收入增长60%（之前为50%），毛利率为48%（之前为47%）。假设收入增长60%，AMD目前预计全年收入为$15.6 B（之前为$14.6 B），因此AMD的新指导评级为$1.0 B的额外收入，这些收入迄今为止尚未计入AMD的市值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e5c3c579e4a6472ae2c495a325b9a2b\" tg-width=\"1038\" tg-height=\"572\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：AMD）</span></p></blockquote></p><p> AMD’s higher gross margins and sales guidance create a potent force for the firm’s stock to revalue higher. Because of the recent dip in AMD’s shares and the addition of $1.0B in revenues, AMD’s dollar sales growth has become even cheaper after earnings. AMD’s dollar sales growth is valued lower than Nvidia’s and AMD is growing potentially at a faster rate: AMD's revenue guidance calls for 60% Y/Y growth and estimates for Nvidia imply \"only\" 49% Y/Y revenue growth for FY 2021. AMD has a market-capitalization-to-earnings ratio of 42.5 which is low for a firm that grows revenues 60% and that has a gross margin closing in on 50%.</p><p><blockquote>AMD较高的毛利率和销售指引为该公司股票升值创造了强大的力量。由于AMD股价最近下跌以及收入增加了$1.0 B，AMD的美元销售额增长在盈利后变得更加便宜。AMD的美元销售额增长低于Nvidia，而且AMD的增长速度可能更快：AMD的收入指导评级为同比增长60%，对Nvidia的预测意味着2021财年“仅”同比增长49%。AMD的市值与市盈率为42.5，对于一家收入增长60%、毛利率接近50%的公司来说，这是很低的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/653c9dd9d37a4abd742703bd87dd3534\" tg-width=\"908\" tg-height=\"312\" 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> <table>  <tbody>   <tr></tr>  </tbody> </table> Nvidia’s P-E ratio based on an FY 2022 EPS of $17.29 is 44.5. If AMD earnings growth (FY 2022 EPS of $2.71) was valued the same as Nvidia’s, AMD’s fair price would be $120 ($2.71 x 44.5 earnings multiplier factor), indicating 17% upside.</p><p><blockquote><table><tbody><tr></tr></tbody></table>基于2022财年每股收益17.29美元，Nvidia的市盈率为44.5。如果AMD的盈利增长（2022财年每股收益为2.71美元）与Nvidia的估值相同，AMD的公平价格将为120美元（2.71美元x 44.5盈利乘数系数），表明上涨空间为17%。</blockquote></p><p> <b>Challenges to my price target</b></p><p><blockquote><b>我的价格目标面临的挑战</b></blockquote></p><p> The biggest opportunities and the biggest risks for AMD are tied to gross margins. AMD is having a year of strong revenue acceleration and margin growth, which is the chief reason why I believe AMD can revalue higher. But gross margins can't grow 3-4 PP every quarter. If AMD's gross margin expansion slows, or worse, gross margins drop back to 40%, decreasing stock returns for AMD are likely. A reversal in the gross margin trend would change my opinion on AMD and put my $120 stock price target in jeopardy.</p><p><blockquote>AMD最大的机遇和最大的风险都与毛利率有关。AMD今年的收入加速和利润率增长强劲，这是我相信AMD可以重估更高的主要原因。但毛利率不可能每个季度增长3-4个PP。如果AMD的毛利率扩张放缓，或者更糟的是，毛利率回落至40%，AMD的股票回报可能会下降。毛利率趋势的逆转将改变我对AMD的看法，并使我120美元的股价目标面临危险。</blockquote></p><p> Softening ASPs for CPUs and graphic chips are likely going to be the canary in the coal mine and could indicate weakening end markets for AMD ahead of time. Softer end markets imply AMD's revenue growth will slow which could result in a lower earnings multiplier factor by which AMD's profits are valued. I don't believe AMD is overvalued based on earnings, but the market may disagree with my assessment at any time.</p><p><blockquote>CPU和图形芯片的平均售价疲软可能会成为煤矿中的金丝雀，并可能预示着AMD终端市场的提前疲软。终端市场疲软意味着AMD的收入增长将放缓，这可能会导致AMD利润估值的盈利乘数降低。我不认为AMD基于盈利被高估，但市场随时可能不同意我的评估。</blockquote></p><p> <b>Final thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> AMD reported impressive revenue growth and gross margins for Q2. AMD's raised guidance and Q/Q revenue acceleration indicate that end markets for CPUs and GPUs are a lot stronger than expected. This could lead to another year of revenue acceleration and a continual expansion of AMD’s gross margin to 50%, supported by rising ASPs. AMD's risk profile is still heavily skewed to the upside.</p><p><blockquote>AMD报告第二季度收入增长和毛利率令人印象深刻。AMD上调指引和环比收入加速表明CPU和GPU的终端市场远强于预期。在平均售价上升的支持下，这可能会导致又一年的收入加速增长，AMD的毛利率持续扩大至50%。AMD的风险状况仍然严重偏向上行。</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>AMD: Still Growing, Still Undervalued<blockquote>AMD：仍在增长，仍被低估</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMD: Still Growing, Still Undervalued<blockquote>AMD：仍在增长，仍被低估</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-30 17:30</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>AMD's margin gains are driven by growing strength in end markets.</li>  <li>AMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.</li>  <li>The semiconductor firm could be a $6.0B free cash flow business next year, even if growth slows down.</li>  <li>AMD's dollar sales growth is cheaper than Nvidia's and AMD might even grow faster.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e6e179318de667e33987f1b4a2afb27\" tg-width=\"768\" tg-height=\"512\" width=\"100%\" height=\"auto\"><span>Jay_Zynism/iStock via Getty Images</span></p><p><blockquote><ul><li>AMD的利润率增长是由终端市场实力的增强推动的。</li><li>AMD将2021财年的收入指引上调了$1.0 B，毛利率接近50%。</li><li>即使增长放缓，这家半导体公司明年的自由现金流也可能达到$6.0 B。</li><li>AMD的美元销售额增长比Nvidia便宜，而且AMD的增长速度甚至可能更快。</li></ul><p class=\"t-img-caption\"><span>Jay_Zynism/iStock来自Getty Images</span></p></blockquote></p><p> AMD (AMD) made a splash yesterday after the semiconductor company reported growth and margins that were even better than what was expected. AMD’s revenue acceleration and strong gross margin expansion make a strong case for upside in the stock.</p><p><blockquote>AMD(AMD)昨天引起了轰动，此前这家半导体公司公布的增长和利润率甚至好于预期。AMD的收入加速和毛利率强劲扩张为该股的上涨提供了强有力的理由。</blockquote></p><p> <b>Why AMD is worth $120</b></p><p><blockquote><b>为什么AMD值120美元</b></blockquote></p><p> Before I dive into AMD’s latestresults, let’s quickly recap what the firm’s guidance was for the last quarter. For Q2’21, AMD expected a minimum of $3.5B in revenues with “high case” guidance implying 7% revenue growth Q/Q and a gross margin of 47%.</p><p><blockquote>在我深入了解AMD的最新业绩之前，让我们快速回顾一下该公司上季度的指引。对于21年第二季度，AMD预计收入至少为$3.5 B，“高案例”指导意味着收入环比增长7%，毛利率为47%。</blockquote></p><p> I expected AMD’s revenues to hit the high end of guidance ($3.7B), to have a minimum free cash flow of $895M (8% Q/Q growth) and a free cash flow margin of 24%. Given the acceleration of sales in higher-priced Ryzen desktop and notebook processors and GPUs as well as higher average selling prices/ASPs driven by broad-based strength in end markets, I expected AMD to beat its own margin guidance and report a gross margin of 48% for Q2’21. I also predicted a refreshment of AMD’s gross margin guidance due to strength in CPU and GPU ASPs. I laid out my forecast for AMD’s Q2’21 earnings in detail inAMD: On The Road To $5 Billion In Annual Free Cash Flow.</p><p><blockquote>我预计AMD的收入将达到指导上限（$3.7 B），最低自由现金流为8.95亿美元（环比增长8%），自由现金流利润率为24%。鉴于价格较高的锐龙台式机和笔记本处理器和GPU的销售加速，以及终端市场广泛实力推动的平均售价/ASP上升，我预计AMD将超出自己的利润率指导，并报告毛利率21年第二季度为48%。我还预测，由于CPU和GPU平均售价的强劲，AMD的毛利率指引将会更新。我在《AMD：迈向50亿美元的年度自由现金流》中详细阐述了对AMD 21年第二季度收益的预测。</blockquote></p><p> Turning to AMD’s actual results, the semiconductor firm proved once more that it is firing on all cylinders. AMD’s Q2’21 revenues were $3,850M, $150M above the high-end of guidance and up 12% Q/Q, with revenue momentum continuing in both Graphics/Computing and Enterprise markets. Graphics/Computing revenues increased 7% Q/Q to $2,250M because of higher client and graphic processor sales as well as strengthening ASPs. Enterprise, which has become the driver of AMD’s sales growth in recent quarters, saw Q2'21 revenues of $1.6B, up 19% Q/Q. Enterprise revenues continued to accelerate in Q2'21, after AMD recorded 5% Q/Q revenue growth in Q1'21.</p><p><blockquote>谈到AMD的实际业绩，这家半导体公司再次证明了它正在全力以赴。AMD 21年第二季度的收入为38.5亿美元，比指导上限高出1.5亿美元，环比增长12%，图形/计算和企业市场的收入势头仍在继续。由于客户端和图形处理器销售额的增加以及平均售价的提高，图形/计算收入环比增长7%，达到22.5亿美元。企业业务已成为AMD近几个季度销售增长的驱动力，21年第二季度收入为$1.6 B，环比增长19%。继AMD在21年第一季度录得5%的季度收入增长后，企业收入在21年第二季度继续加速。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ec3e9d1f0b7d59915f9db8790725803\" tg-width=\"1039\" tg-height=\"587\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：AMD）</span></p></blockquote></p><p> The most interesting revelation of AMD’s Q2’21 earnings, however, was the trend in gross margins. AMD's gross margin jumped 4 PP to 48%, 1 PP above guidance because of a better mix of higher-priced Ryzen processors (both mobile and desktop) and Radeon graphic cards. The uptick in gross margins in Q2’21 marked the third straight quarter of margin expansion for AMD and I don’t believe AMD has seen the end of this trend yet.</p><p><blockquote>然而，AMD 21年第二季度收益中最有趣的启示是毛利率的趋势。AMD的毛利率跃升4个百分点至48%，比指导值高出1个百分点，原因是价格较高的锐龙处理器（移动和桌面）和镭龙显卡的更好组合。21年第二季度毛利率的上升标志着AMD利润率连续第三个季度扩张，我认为AMD还没有看到这一趋势的结束。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dca6426ffa1332827a6774554d499c36\" tg-width=\"1048\" tg-height=\"566\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：AMD）</span></p></blockquote></p><p> Turning to cash flow.</p><p><blockquote>转向现金流。</blockquote></p><p> AMD reported cash flow from operating activities of $952M and free cash flow of $888M, $7M short of my expectation, but still almost six times more than a year ago. As AMD continues to see strong revenue growth tailwinds in both Computing/Graphics and Enterprise end markets, I believe AMD could grow its free cash flow margin to 30% by the end of next year. AMD raised its revenue guidance for FY 2021 (discussed later) by $1.0B which means I am also refreshing my free cash flow expectations for this year and next year.</p><p><blockquote>AMD报告的经营活动现金流为9.52亿美元，自由现金流为8.88亿美元，比我的预期低700万美元，但仍是一年前的近六倍。随着AMD在计算/图形和企业终端市场继续看到强劲的收入增长，我相信AMD可以在明年年底前将其自由现金流利润率提高到30%。AMD将2021财年的收入指引（稍后讨论）提高了$1.0 B，这意味着我也刷新了今年和明年的自由现金流预期。</blockquote></p><p> AMD expects to have revenues of $15.6B this year. Assuming a stable free cash flow margin of 23-24%, AMD is looking at free cash flow of $3.6B to $3.7B. Revenue estimates for next year are not refreshed yet, but AMD should have revenues of at least $20B in FY 2022 (assuming 25% Y/Y growth), implying free cash flow of $4.6B to $4.8B next year… and these estimates do not account for the possibility that AMD’s 3rd-gen EPYC Milan-powered server processors and higher-priced GPUs improve AMD’s free cash flow margin. A 30% free cash flow margin next year implies a free cash flow of $6.0B.</p><p><blockquote>AMD预计今年的收入为$15.6 B。假设稳定的自由现金流利润率为23-24%，AMD预计自由现金流为$3.6 B至$3.7 B。明年的收入预期尚未更新，但AMD在2022财年的收入应至少为$20B（假设同比增长25%），这意味着明年的自由现金流为$4.6 B至$4.8 B……而这些预期并未考虑AMD第三代EPYC Milan驱动的服务器处理器和价格更高的GPU提高AMD自由现金流利润率的可能性。明年30%的自由现金流利润率意味着自由现金流为$6.0 B。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ea23b7429f2edd8ce6dda945a88daa7\" tg-width=\"819\" tg-height=\"593\" 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> <table>  <tbody>   <tr></tr>  </tbody> </table> AMD is guiding for $4.1B in revenues +/- $100 million and the firm refreshed its FY 2021 revenue and gross margin guidance (as predicted). AMD now expects 60% revenue growth for FY 2021 (before 50%) and a gross margin of 48% (before 47%). Assuming 60% revenue growth, AMD is now looking at full year revenues of $15.6B (before $14.6B), so AMD's new guidance calls for $1.0B in additional revenues that were so far not priced into AMD’s market value.</p><p><blockquote><table><tbody><tr></tr></tbody></table>AMD预计收入为41亿美元+/-1亿美元，该公司更新了2021财年收入和毛利率指引（如预期）。AMD目前预计2021财年收入增长60%（之前为50%），毛利率为48%（之前为47%）。假设收入增长60%，AMD目前预计全年收入为$15.6 B（之前为$14.6 B），因此AMD的新指导评级为$1.0 B的额外收入，这些收入迄今为止尚未计入AMD的市值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e5c3c579e4a6472ae2c495a325b9a2b\" tg-width=\"1038\" tg-height=\"572\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：AMD）</span></p></blockquote></p><p> AMD’s higher gross margins and sales guidance create a potent force for the firm’s stock to revalue higher. Because of the recent dip in AMD’s shares and the addition of $1.0B in revenues, AMD’s dollar sales growth has become even cheaper after earnings. AMD’s dollar sales growth is valued lower than Nvidia’s and AMD is growing potentially at a faster rate: AMD's revenue guidance calls for 60% Y/Y growth and estimates for Nvidia imply \"only\" 49% Y/Y revenue growth for FY 2021. AMD has a market-capitalization-to-earnings ratio of 42.5 which is low for a firm that grows revenues 60% and that has a gross margin closing in on 50%.</p><p><blockquote>AMD较高的毛利率和销售指引为该公司股票升值创造了强大的力量。由于AMD股价最近下跌以及收入增加了$1.0 B，AMD的美元销售额增长在盈利后变得更加便宜。AMD的美元销售额增长低于Nvidia，而且AMD的增长速度可能更快：AMD的收入指导评级为同比增长60%，对Nvidia的预测意味着2021财年“仅”同比增长49%。AMD的市值与市盈率为42.5，对于一家收入增长60%、毛利率接近50%的公司来说，这是很低的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/653c9dd9d37a4abd742703bd87dd3534\" tg-width=\"908\" tg-height=\"312\" 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> <table>  <tbody>   <tr></tr>  </tbody> </table> Nvidia’s P-E ratio based on an FY 2022 EPS of $17.29 is 44.5. If AMD earnings growth (FY 2022 EPS of $2.71) was valued the same as Nvidia’s, AMD’s fair price would be $120 ($2.71 x 44.5 earnings multiplier factor), indicating 17% upside.</p><p><blockquote><table><tbody><tr></tr></tbody></table>基于2022财年每股收益17.29美元，Nvidia的市盈率为44.5。如果AMD的盈利增长（2022财年每股收益为2.71美元）与Nvidia的估值相同，AMD的公平价格将为120美元（2.71美元x 44.5盈利乘数系数），表明上涨空间为17%。</blockquote></p><p> <b>Challenges to my price target</b></p><p><blockquote><b>我的价格目标面临的挑战</b></blockquote></p><p> The biggest opportunities and the biggest risks for AMD are tied to gross margins. AMD is having a year of strong revenue acceleration and margin growth, which is the chief reason why I believe AMD can revalue higher. But gross margins can't grow 3-4 PP every quarter. If AMD's gross margin expansion slows, or worse, gross margins drop back to 40%, decreasing stock returns for AMD are likely. A reversal in the gross margin trend would change my opinion on AMD and put my $120 stock price target in jeopardy.</p><p><blockquote>AMD最大的机遇和最大的风险都与毛利率有关。AMD今年的收入加速和利润率增长强劲，这是我相信AMD可以重估更高的主要原因。但毛利率不可能每个季度增长3-4个PP。如果AMD的毛利率扩张放缓，或者更糟的是，毛利率回落至40%，AMD的股票回报可能会下降。毛利率趋势的逆转将改变我对AMD的看法，并使我120美元的股价目标面临危险。</blockquote></p><p> Softening ASPs for CPUs and graphic chips are likely going to be the canary in the coal mine and could indicate weakening end markets for AMD ahead of time. Softer end markets imply AMD's revenue growth will slow which could result in a lower earnings multiplier factor by which AMD's profits are valued. I don't believe AMD is overvalued based on earnings, but the market may disagree with my assessment at any time.</p><p><blockquote>CPU和图形芯片的平均售价疲软可能会成为煤矿中的金丝雀，并可能预示着AMD终端市场的提前疲软。终端市场疲软意味着AMD的收入增长将放缓，这可能会导致AMD利润估值的盈利乘数降低。我不认为AMD基于盈利被高估，但市场随时可能不同意我的评估。</blockquote></p><p> <b>Final thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> AMD reported impressive revenue growth and gross margins for Q2. AMD's raised guidance and Q/Q revenue acceleration indicate that end markets for CPUs and GPUs are a lot stronger than expected. This could lead to another year of revenue acceleration and a continual expansion of AMD’s gross margin to 50%, supported by rising ASPs. AMD's risk profile is still heavily skewed to the upside.</p><p><blockquote>AMD报告第二季度收入增长和毛利率令人印象深刻。AMD上调指引和环比收入加速表明CPU和GPU的终端市场远强于预期。在平均售价上升的支持下，这可能会导致又一年的收入加速增长，AMD的毛利率持续扩大至50%。AMD的风险状况仍然严重偏向上行。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4442955-amd-still-growing-still-undervalued\">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":{"AMD":"美国超微公司"},"source_url":"https://seekingalpha.com/article/4442955-amd-still-growing-still-undervalued","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135561812","content_text":"Summary\n\nAMD's margin gains are driven by growing strength in end markets.\nAMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.\nThe semiconductor firm could be a $6.0B free cash flow business next year, even if growth slows down.\nAMD's dollar sales growth is cheaper than Nvidia's and AMD might even grow faster.\n\nJay_Zynism/iStock via Getty Images\nAMD (AMD) made a splash yesterday after the semiconductor company reported growth and margins that were even better than what was expected. AMD’s revenue acceleration and strong gross margin expansion make a strong case for upside in the stock.\nWhy AMD is worth $120\nBefore I dive into AMD’s latestresults, let’s quickly recap what the firm’s guidance was for the last quarter. For Q2’21, AMD expected a minimum of $3.5B in revenues with “high case” guidance implying 7% revenue growth Q/Q and a gross margin of 47%.\nI expected AMD’s revenues to hit the high end of guidance ($3.7B), to have a minimum free cash flow of $895M (8% Q/Q growth) and a free cash flow margin of 24%. Given the acceleration of sales in higher-priced Ryzen desktop and notebook processors and GPUs as well as higher average selling prices/ASPs driven by broad-based strength in end markets, I expected AMD to beat its own margin guidance and report a gross margin of 48% for Q2’21. I also predicted a refreshment of AMD’s gross margin guidance due to strength in CPU and GPU ASPs. I laid out my forecast for AMD’s Q2’21 earnings in detail inAMD: On The Road To $5 Billion In Annual Free Cash Flow.\nTurning to AMD’s actual results, the semiconductor firm proved once more that it is firing on all cylinders. AMD’s Q2’21 revenues were $3,850M, $150M above the high-end of guidance and up 12% Q/Q, with revenue momentum continuing in both Graphics/Computing and Enterprise markets. Graphics/Computing revenues increased 7% Q/Q to $2,250M because of higher client and graphic processor sales as well as strengthening ASPs. Enterprise, which has become the driver of AMD’s sales growth in recent quarters, saw Q2'21 revenues of $1.6B, up 19% Q/Q. Enterprise revenues continued to accelerate in Q2'21, after AMD recorded 5% Q/Q revenue growth in Q1'21.\n(Source:AMD)\nThe most interesting revelation of AMD’s Q2’21 earnings, however, was the trend in gross margins. AMD's gross margin jumped 4 PP to 48%, 1 PP above guidance because of a better mix of higher-priced Ryzen processors (both mobile and desktop) and Radeon graphic cards. The uptick in gross margins in Q2’21 marked the third straight quarter of margin expansion for AMD and I don’t believe AMD has seen the end of this trend yet.\n(Source:AMD)\nTurning to cash flow.\nAMD reported cash flow from operating activities of $952M and free cash flow of $888M, $7M short of my expectation, but still almost six times more than a year ago. As AMD continues to see strong revenue growth tailwinds in both Computing/Graphics and Enterprise end markets, I believe AMD could grow its free cash flow margin to 30% by the end of next year. AMD raised its revenue guidance for FY 2021 (discussed later) by $1.0B which means I am also refreshing my free cash flow expectations for this year and next year.\nAMD expects to have revenues of $15.6B this year. Assuming a stable free cash flow margin of 23-24%, AMD is looking at free cash flow of $3.6B to $3.7B. Revenue estimates for next year are not refreshed yet, but AMD should have revenues of at least $20B in FY 2022 (assuming 25% Y/Y growth), implying free cash flow of $4.6B to $4.8B next year… and these estimates do not account for the possibility that AMD’s 3rd-gen EPYC Milan-powered server processors and higher-priced GPUs improve AMD’s free cash flow margin. A 30% free cash flow margin next year implies a free cash flow of $6.0B.\n(Source: Author)\n\n\n\n\n\nAMD is guiding for $4.1B in revenues +/- $100 million and the firm refreshed its FY 2021 revenue and gross margin guidance (as predicted). AMD now expects 60% revenue growth for FY 2021 (before 50%) and a gross margin of 48% (before 47%). Assuming 60% revenue growth, AMD is now looking at full year revenues of $15.6B (before $14.6B), so AMD's new guidance calls for $1.0B in additional revenues that were so far not priced into AMD’s market value.\n(Source:AMD)\nAMD’s higher gross margins and sales guidance create a potent force for the firm’s stock to revalue higher. Because of the recent dip in AMD’s shares and the addition of $1.0B in revenues, AMD’s dollar sales growth has become even cheaper after earnings. AMD’s dollar sales growth is valued lower than Nvidia’s and AMD is growing potentially at a faster rate: AMD's revenue guidance calls for 60% Y/Y growth and estimates for Nvidia imply \"only\" 49% Y/Y revenue growth for FY 2021. AMD has a market-capitalization-to-earnings ratio of 42.5 which is low for a firm that grows revenues 60% and that has a gross margin closing in on 50%.\n(Source: Author)\n\n\n\n\n\nNvidia’s P-E ratio based on an FY 2022 EPS of $17.29 is 44.5. If AMD earnings growth (FY 2022 EPS of $2.71) was valued the same as Nvidia’s, AMD’s fair price would be $120 ($2.71 x 44.5 earnings multiplier factor), indicating 17% upside.\nChallenges to my price target\nThe biggest opportunities and the biggest risks for AMD are tied to gross margins. AMD is having a year of strong revenue acceleration and margin growth, which is the chief reason why I believe AMD can revalue higher. But gross margins can't grow 3-4 PP every quarter. If AMD's gross margin expansion slows, or worse, gross margins drop back to 40%, decreasing stock returns for AMD are likely. A reversal in the gross margin trend would change my opinion on AMD and put my $120 stock price target in jeopardy.\nSoftening ASPs for CPUs and graphic chips are likely going to be the canary in the coal mine and could indicate weakening end markets for AMD ahead of time. Softer end markets imply AMD's revenue growth will slow which could result in a lower earnings multiplier factor by which AMD's profits are valued. I don't believe AMD is overvalued based on earnings, but the market may disagree with my assessment at any time.\nFinal thoughts\nAMD reported impressive revenue growth and gross margins for Q2. AMD's raised guidance and Q/Q revenue acceleration indicate that end markets for CPUs and GPUs are a lot stronger than expected. This could lead to another year of revenue acceleration and a continual expansion of AMD’s gross margin to 50%, supported by rising ASPs. AMD's risk profile is still heavily skewed to the upside.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143006807,"gmtCreate":1625751555309,"gmtModify":1633937722323,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Great apple","listText":"Great apple","text":"Great apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/143006807","repostId":"2149347288","repostType":4,"isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":865761654,"gmtCreate":1633020663634,"gmtModify":1633020663886,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/865761654","repostId":"1164201267","repostType":4,"repost":{"id":"1164201267","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":1633014015,"share":"https://www.laohu8.com/m/news/1164201267?lang=zh_CN&edition=full","pubTime":"2021-09-30 23:00","market":"us","language":"en","title":"Electronic Arts shares rose 3.5% in morning trading<blockquote>艺电股价早盘上涨3.5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164201267","media":"Tiger Newspress","summary":"Electronic Arts shares rose 3.5% in morning trading as Nvidia partnered with Electronic Arts to brin","content":"<p>Electronic Arts shares rose&nbsp;3.5% in morning trading&nbsp;as&nbsp;Nvidia partnered with Electronic Arts to bring hit games to GeForce NOW.</p><p><blockquote>电子艺界股价在早盘交易中上涨3。英伟达与电子艺界合作，将热门游戏引入GeForce NOW。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1baf3cdeacc7e781677b507d24e9ea09\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> NVIDIA today announced that Electronic Arts is bringing more of its hit games to the NVIDIA®<u>GeForce NOW</u>™ cloud gaming service, beginning with<i>Battlefield™ 1 Revolution, Mirror's Edge™ Catalyst, Unravel™Two, Dragon Age™: Inquisition</i>and<i>Apex Legends™</i>.</p><p><blockquote>NVIDIA今天宣布Electronic Arts将为NVIDIA带来更多热门游戏®<u>GeForce NOW</u>™云游戏服务，开始于<i>战场™1转，镜子边缘™催化剂，解开™二、龙腾世纪™宗教裁判所</i>和<i>Apex传奇™</i>.</blockquote></p><p> GeForce NOW membership has more than doubled in the last year, giving Electronic Arts access to more than 12 million gamers. Collectively, over 20 million hours of gameplay are streamed each month via GeForce NOW, from 30 data centers in more than 70 countries.</p><p><blockquote>GeForce NOW会员在去年增加了一倍多，使艺电能够接触到超过1200万游戏玩家。总的来说，每月通过GeForce NOW从70多个国家的30个数据中心传输超过2000万小时的游戏。</blockquote></p><p> “GeForce NOW expands the reach of the GeForce PC gaming experience to reach millions of underserved gamers on new devices and in new regions,” said Jeff Fisher, senior vice president of the GeForce business at NVIDIA. “It’s an opportunity for Electronic Arts to get some of their most beloved franchises into the hands of a rapidly growing global audience instantly.”</p><p><blockquote>NVIDIA GeForce业务高级副总裁Jeff Fisher表示：“GeForce现在扩大了GeForce PC游戏体验的覆盖范围，覆盖新设备和新地区数百万服务不足的游戏玩家。”“对于艺电来说，这是一个机会，可以将他们最喜爱的一些特许经营权立即交到快速增长的全球观众手中。”</blockquote></p><p> <b>The Cloud Catalyst to EA’s Next MassiveAudience</b></p><p><blockquote><b>EA下一个大规模受众的云催化剂</b></blockquote></p><p> GeForce NOW allows Electronic Arts games to be played with legendary GeForce® performance by gamers who may not have a gaming PC— that includes more than 1 billion underpowered PCs and incompatible devices, like phones, tablets and Chromebooks. Nearly 80 percent of the devices that currently access GeForce NOW would not otherwise be capable of playing the latest PC games.</p><p><blockquote>GeForce现在允许使用传奇GeForce玩Electronic Arts游戏®可能没有游戏PC的游戏玩家的性能——包括超过10亿台动力不足的PC和不兼容的设备，如手机、平板电脑和Chromebooks。目前访问GeForce NOW的近80%的设备将无法玩最新的PC游戏。</blockquote></p><p> GeForce NOW is connected to the most popular game stores — including Steam and Epic Games Store — a win-win for developers and gamers. No additional development work or porting is required of developers, while gamers get access to hit titles from their library without having to purchase the games again, or having to deal with hefty downloads, patches and updates. Electronic Arts games can be added quickly to GeForce NOW through regular “<u>GFN Thursday</u>” releases.</p><p><blockquote>GeForce NOW连接到最受欢迎的游戏商店，包括Steam和Epic Games Store，这对开发者和游戏玩家来说是双赢的。开发人员不需要额外的开发工作或移植，而游戏玩家可以从他们的库中访问热门游戏，而不必再次购买游戏，也不必处理大量的下载、补丁和更新。Electronic Arts游戏现在可以通过常规“<u>GFN星期四</u>“释放。</blockquote></p><p> <b>Stream It Now</b></p><p><blockquote><b>立即播放</b></blockquote></p><p> Five games from some of Electronic Arts’ most popular franchises are available on GeForce NOW, starting today. Members can stream&nbsp;<i>Battlefield 1 Revolution</i>&nbsp;to experience immersive untold stories of World War I; become a heroic leader and restore order against agents of chaos in&nbsp;<i>Dragon Age: Inquisition</i>; solve puzzles with the family-friendly&nbsp;<i>Unravel Two</i>; or dive into a fast-paced, free-running adventure with&nbsp;<i>Mirror’s Edge Catalyst</i>.</p><p><blockquote>从今天开始，Electronic Arts一些最受欢迎的系列中的五款游戏现已在GeForce NOW上发售。会员可以流式传输<i>战地1革命</i>体验身临其境的第一次世界大战不为人知的故事；成为英雄领袖，恢复秩序对抗混乱的代理人<i>龙腾世纪：宗教裁判所</i>;与家庭友好型一起解决难题<i>解开两个</i>;或者投入快节奏、自由奔跑的冒险<i>镜子边缘催化剂</i>.</blockquote></p><p> These additions from Electronic Arts joinoneof the most-played games on GeForce NOW,<i>Apex Legends</i>. The high-speed hero shooter has already been streamed by more than 1 million members.</p><p><blockquote>Electronic Arts的这些新增功能是GeForce NOW上最受欢迎的游戏之一，<i>Apex传奇</i>.这款高速英雄射击游戏已经有超过100万会员观看。</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>Electronic Arts shares rose 3.5% in morning trading<blockquote>艺电股价早盘上涨3.5%</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\">\nElectronic Arts shares rose 3.5% in morning trading<blockquote>艺电股价早盘上涨3.5%</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\">2021-09-30 23:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Electronic Arts shares rose&nbsp;3.5% in morning trading&nbsp;as&nbsp;Nvidia partnered with Electronic Arts to bring hit games to GeForce NOW.</p><p><blockquote>电子艺界股价在早盘交易中上涨3。英伟达与电子艺界合作，将热门游戏引入GeForce NOW。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1baf3cdeacc7e781677b507d24e9ea09\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> NVIDIA today announced that Electronic Arts is bringing more of its hit games to the NVIDIA®<u>GeForce NOW</u>™ cloud gaming service, beginning with<i>Battlefield™ 1 Revolution, Mirror's Edge™ Catalyst, Unravel™Two, Dragon Age™: Inquisition</i>and<i>Apex Legends™</i>.</p><p><blockquote>NVIDIA今天宣布Electronic Arts将为NVIDIA带来更多热门游戏®<u>GeForce NOW</u>™云游戏服务，开始于<i>战场™1转，镜子边缘™催化剂，解开™二、龙腾世纪™宗教裁判所</i>和<i>Apex传奇™</i>.</blockquote></p><p> GeForce NOW membership has more than doubled in the last year, giving Electronic Arts access to more than 12 million gamers. Collectively, over 20 million hours of gameplay are streamed each month via GeForce NOW, from 30 data centers in more than 70 countries.</p><p><blockquote>GeForce NOW会员在去年增加了一倍多，使艺电能够接触到超过1200万游戏玩家。总的来说，每月通过GeForce NOW从70多个国家的30个数据中心传输超过2000万小时的游戏。</blockquote></p><p> “GeForce NOW expands the reach of the GeForce PC gaming experience to reach millions of underserved gamers on new devices and in new regions,” said Jeff Fisher, senior vice president of the GeForce business at NVIDIA. “It’s an opportunity for Electronic Arts to get some of their most beloved franchises into the hands of a rapidly growing global audience instantly.”</p><p><blockquote>NVIDIA GeForce业务高级副总裁Jeff Fisher表示：“GeForce现在扩大了GeForce PC游戏体验的覆盖范围，覆盖新设备和新地区数百万服务不足的游戏玩家。”“对于艺电来说，这是一个机会，可以将他们最喜爱的一些特许经营权立即交到快速增长的全球观众手中。”</blockquote></p><p> <b>The Cloud Catalyst to EA’s Next MassiveAudience</b></p><p><blockquote><b>EA下一个大规模受众的云催化剂</b></blockquote></p><p> GeForce NOW allows Electronic Arts games to be played with legendary GeForce® performance by gamers who may not have a gaming PC— that includes more than 1 billion underpowered PCs and incompatible devices, like phones, tablets and Chromebooks. Nearly 80 percent of the devices that currently access GeForce NOW would not otherwise be capable of playing the latest PC games.</p><p><blockquote>GeForce现在允许使用传奇GeForce玩Electronic Arts游戏®可能没有游戏PC的游戏玩家的性能——包括超过10亿台动力不足的PC和不兼容的设备，如手机、平板电脑和Chromebooks。目前访问GeForce NOW的近80%的设备将无法玩最新的PC游戏。</blockquote></p><p> GeForce NOW is connected to the most popular game stores — including Steam and Epic Games Store — a win-win for developers and gamers. No additional development work or porting is required of developers, while gamers get access to hit titles from their library without having to purchase the games again, or having to deal with hefty downloads, patches and updates. Electronic Arts games can be added quickly to GeForce NOW through regular “<u>GFN Thursday</u>” releases.</p><p><blockquote>GeForce NOW连接到最受欢迎的游戏商店，包括Steam和Epic Games Store，这对开发者和游戏玩家来说是双赢的。开发人员不需要额外的开发工作或移植，而游戏玩家可以从他们的库中访问热门游戏，而不必再次购买游戏，也不必处理大量的下载、补丁和更新。Electronic Arts游戏现在可以通过常规“<u>GFN星期四</u>“释放。</blockquote></p><p> <b>Stream It Now</b></p><p><blockquote><b>立即播放</b></blockquote></p><p> Five games from some of Electronic Arts’ most popular franchises are available on GeForce NOW, starting today. Members can stream&nbsp;<i>Battlefield 1 Revolution</i>&nbsp;to experience immersive untold stories of World War I; become a heroic leader and restore order against agents of chaos in&nbsp;<i>Dragon Age: Inquisition</i>; solve puzzles with the family-friendly&nbsp;<i>Unravel Two</i>; or dive into a fast-paced, free-running adventure with&nbsp;<i>Mirror’s Edge Catalyst</i>.</p><p><blockquote>从今天开始，Electronic Arts一些最受欢迎的系列中的五款游戏现已在GeForce NOW上发售。会员可以流式传输<i>战地1革命</i>体验身临其境的第一次世界大战不为人知的故事；成为英雄领袖，恢复秩序对抗混乱的代理人<i>龙腾世纪：宗教裁判所</i>;与家庭友好型一起解决难题<i>解开两个</i>;或者投入快节奏、自由奔跑的冒险<i>镜子边缘催化剂</i>.</blockquote></p><p> These additions from Electronic Arts joinoneof the most-played games on GeForce NOW,<i>Apex Legends</i>. The high-speed hero shooter has already been streamed by more than 1 million members.</p><p><blockquote>Electronic Arts的这些新增功能是GeForce NOW上最受欢迎的游戏之一，<i>Apex传奇</i>.这款高速英雄射击游戏已经有超过100万会员观看。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EA":"艺电"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164201267","content_text":"Electronic Arts shares rose 3.5% in morning trading as Nvidia partnered with Electronic Arts to bring hit games to GeForce NOW.\n\nNVIDIA today announced that Electronic Arts is bringing more of its hit games to the NVIDIA®GeForce NOW™ cloud gaming service, beginning withBattlefield™ 1 Revolution, Mirror's Edge™ Catalyst, Unravel™Two, Dragon Age™: InquisitionandApex Legends™.\nGeForce NOW membership has more than doubled in the last year, giving Electronic Arts access to more than 12 million gamers. Collectively, over 20 million hours of gameplay are streamed each month via GeForce NOW, from 30 data centers in more than 70 countries.\n“GeForce NOW expands the reach of the GeForce PC gaming experience to reach millions of underserved gamers on new devices and in new regions,” said Jeff Fisher, senior vice president of the GeForce business at NVIDIA. “It’s an opportunity for Electronic Arts to get some of their most beloved franchises into the hands of a rapidly growing global audience instantly.”\nThe Cloud Catalyst to EA’s Next MassiveAudience\nGeForce NOW allows Electronic Arts games to be played with legendary GeForce® performance by gamers who may not have a gaming PC— that includes more than 1 billion underpowered PCs and incompatible devices, like phones, tablets and Chromebooks. Nearly 80 percent of the devices that currently access GeForce NOW would not otherwise be capable of playing the latest PC games.\nGeForce NOW is connected to the most popular game stores — including Steam and Epic Games Store — a win-win for developers and gamers. No additional development work or porting is required of developers, while gamers get access to hit titles from their library without having to purchase the games again, or having to deal with hefty downloads, patches and updates. Electronic Arts games can be added quickly to GeForce NOW through regular “GFN Thursday” releases.\nStream It Now\nFive games from some of Electronic Arts’ most popular franchises are available on GeForce NOW, starting today. Members can stream Battlefield 1 Revolution to experience immersive untold stories of World War I; become a heroic leader and restore order against agents of chaos in Dragon Age: Inquisition; solve puzzles with the family-friendly Unravel Two; or dive into a fast-paced, free-running adventure with Mirror’s Edge Catalyst.\nThese additions from Electronic Arts joinoneof the most-played games on GeForce NOW,Apex Legends. The high-speed hero shooter has already been streamed by more than 1 million members.","news_type":1,"symbols_score_info":{"EA":0.9}},"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":808819132,"gmtCreate":1627568243426,"gmtModify":1631889661389,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Great stock to hold","listText":"Great stock to hold","text":"Great stock to hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808819132","repostId":"2155003319","repostType":4,"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172248327,"gmtCreate":1626963912069,"gmtModify":1631891117583,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172248327","repostId":"1162614438","repostType":2,"isVote":1,"tweetType":1,"viewCount":589,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144114115,"gmtCreate":1626271568537,"gmtModify":1633928415255,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Good report, like it","listText":"Good report, like it","text":"Good report, like it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/144114115","repostId":"1109822941","repostType":4,"repost":{"id":"1109822941","kind":"news","pubTimestamp":1626271170,"share":"https://www.laohu8.com/m/news/1109822941?lang=zh_CN&edition=full","pubTime":"2021-07-14 21:59","market":"us","language":"en","title":"Apple at Fresh Record High on iPhone Production Boost Report, JPMorgan Upgrade<blockquote>苹果因iPhone产量增长报告和摩根大通升级而创下历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109822941","media":"Thestreet","summary":"Apple shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.Bloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics, saidJune qu","content":"<p>Apple&nbsp;shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.</p><p><blockquote>苹果股价周三跃升至历史新高，此前有报道称，这家iPhone制造商已要求供应商今年将产量提高20%，以满足不断改善的客户需求。</blockquote></p><p> Bloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics,&nbsp;saidJune quarter profits are likely to rise by 53% from last yearto 12.5 trillion won ($11 billion).</p><p><blockquote>彭博社周三报道称，苹果计划今年生产9000万部下一代iPhone，这家全球最大的科技公司预计将从今年晚些时候推出的新款5G手机中获得提振。本月早些时候，苹果的主要竞争对手三星电子表示，6月份季度利润可能比去年增长53%，达到12.5万亿韩元（110亿美元）。</blockquote></p><p> Shares were also buoyed by an upgrade at JPMorgan, which added the stock to its 'analyst focus list' as&nbsp;Samik Chatterjee&nbsp;boosted his price target by $5 to $175 each.</p><p><blockquote>摩根大通的评级上调也提振了股价，摩根大通将该股添加到“分析师关注名单”中，Samik Chatterjee将其目标价提高了5美元，至每股175美元。</blockquote></p><p> \"We are adding Apple shares to the Analyst Focus List as a Growth idea as data points supporting our recently highlighted favorable view on the shares continue to trickle in, including upside revision to iPhone 12 build estimates by Apple Supply Chain analyst, William Yang, as well as continued strength in sales of Mac devices,\" Chatterjee wrote. \"While the above drivers lead to an increase in our near-term forecasts, the recent momentum led by better market share, drives us to also estimate higher sustainable volumes in future quarters, leading us to see a path to Apple outperforming investor expectations over a longer time horizon rather than just the upcoming earnings print.\"</p><p><blockquote>Chatterjee写道：“随着支持我们最近强调的对该股有利看法的数据点不断涌入，包括苹果供应链分析师William Yang对iPhone 12产量预期的向上修正，我们将苹果股票作为增长理念添加到分析师关注名单中。以及Mac设备销售的持续强劲。”“虽然上述驱动因素导致我们的近期预测增加，但近期由更好的市场份额带动的势头也促使我们估计未来几个季度的可持续销量会更高，这使我们看到苹果的表现将超出投资者预期更长的时间范围，而不仅仅是即将发布的收益报告。”</blockquote></p><p> Apple shares were marked 2.1% higher in early trading Wednesday to change hands at $148.71 each, just shy of the intra-day record high of $148.96 it hit at the opening bell.</p><p><blockquote>苹果股价周三早盘上涨2.1%，至每股148.71美元，略低于开盘时创下的148.96美元的盘中历史新高。</blockquote></p><p> Apple is set to report its third quarter earnings on July 27, with CFO Luca Maestri cautioning investors in late April that the group is likely to experience a \"steeper than usual\" sequential revenue decline thanks in part to supply constraints linked to the global semiconductor shortage following Street-blasting sales of nearly $90 billion for the three months ending in March.</p><p><blockquote>苹果将于7月27日公布第三季度收益，首席财务官卢卡·马埃斯特里(Luca Maestri)在4月底警告投资者，该集团可能会经历“比平常更严重”的收入环比下降，部分原因是与全球半导体相关的供应限制。截至3月份的三个月，街头销售额接近900亿美元，导致短缺。</blockquote></p><p> Apple said iPhone revenues rose 65% from last year to $47.94 billion, well ahead of the $41.7 billion Street forecast, thanks to what CEO Tim Cook called \"strong demand for the iPhone 12 family\".</p><p><blockquote>苹果表示，得益于首席执行官Tim Cook所说的“对iPhone 12系列的强劲需求”，iPhone营收较去年增长65%至479.4亿美元，远高于华尔街预测的417亿美元。</blockquote></p><p> Greater China revenues, Apple said, rose 88% from last year's pandemic trough to $17.728 billion, while overall services revenues rose 26.6% to $16.9 billion.</p><p><blockquote>苹果表示，大中华区收入较去年疫情低谷增长88%，达到177.28亿美元，而整体服务收入增长26.6%，达到169亿美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple at Fresh Record High on iPhone Production Boost Report, JPMorgan Upgrade<blockquote>苹果因iPhone产量增长报告和摩根大通升级而创下历史新高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple at Fresh Record High on iPhone Production Boost Report, JPMorgan Upgrade<blockquote>苹果因iPhone产量增长报告和摩根大通升级而创下历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-14 21:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple&nbsp;shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.</p><p><blockquote>苹果股价周三跃升至历史新高，此前有报道称，这家iPhone制造商已要求供应商今年将产量提高20%，以满足不断改善的客户需求。</blockquote></p><p> Bloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics,&nbsp;saidJune quarter profits are likely to rise by 53% from last yearto 12.5 trillion won ($11 billion).</p><p><blockquote>彭博社周三报道称，苹果计划今年生产9000万部下一代iPhone，这家全球最大的科技公司预计将从今年晚些时候推出的新款5G手机中获得提振。本月早些时候，苹果的主要竞争对手三星电子表示，6月份季度利润可能比去年增长53%，达到12.5万亿韩元（110亿美元）。</blockquote></p><p> Shares were also buoyed by an upgrade at JPMorgan, which added the stock to its 'analyst focus list' as&nbsp;Samik Chatterjee&nbsp;boosted his price target by $5 to $175 each.</p><p><blockquote>摩根大通的评级上调也提振了股价，摩根大通将该股添加到“分析师关注名单”中，Samik Chatterjee将其目标价提高了5美元，至每股175美元。</blockquote></p><p> \"We are adding Apple shares to the Analyst Focus List as a Growth idea as data points supporting our recently highlighted favorable view on the shares continue to trickle in, including upside revision to iPhone 12 build estimates by Apple Supply Chain analyst, William Yang, as well as continued strength in sales of Mac devices,\" Chatterjee wrote. \"While the above drivers lead to an increase in our near-term forecasts, the recent momentum led by better market share, drives us to also estimate higher sustainable volumes in future quarters, leading us to see a path to Apple outperforming investor expectations over a longer time horizon rather than just the upcoming earnings print.\"</p><p><blockquote>Chatterjee写道：“随着支持我们最近强调的对该股有利看法的数据点不断涌入，包括苹果供应链分析师William Yang对iPhone 12产量预期的向上修正，我们将苹果股票作为增长理念添加到分析师关注名单中。以及Mac设备销售的持续强劲。”“虽然上述驱动因素导致我们的近期预测增加，但近期由更好的市场份额带动的势头也促使我们估计未来几个季度的可持续销量会更高，这使我们看到苹果的表现将超出投资者预期更长的时间范围，而不仅仅是即将发布的收益报告。”</blockquote></p><p> Apple shares were marked 2.1% higher in early trading Wednesday to change hands at $148.71 each, just shy of the intra-day record high of $148.96 it hit at the opening bell.</p><p><blockquote>苹果股价周三早盘上涨2.1%，至每股148.71美元，略低于开盘时创下的148.96美元的盘中历史新高。</blockquote></p><p> Apple is set to report its third quarter earnings on July 27, with CFO Luca Maestri cautioning investors in late April that the group is likely to experience a \"steeper than usual\" sequential revenue decline thanks in part to supply constraints linked to the global semiconductor shortage following Street-blasting sales of nearly $90 billion for the three months ending in March.</p><p><blockquote>苹果将于7月27日公布第三季度收益，首席财务官卢卡·马埃斯特里(Luca Maestri)在4月底警告投资者，该集团可能会经历“比平常更严重”的收入环比下降，部分原因是与全球半导体相关的供应限制。截至3月份的三个月，街头销售额接近900亿美元，导致短缺。</blockquote></p><p> Apple said iPhone revenues rose 65% from last year to $47.94 billion, well ahead of the $41.7 billion Street forecast, thanks to what CEO Tim Cook called \"strong demand for the iPhone 12 family\".</p><p><blockquote>苹果表示，得益于首席执行官Tim Cook所说的“对iPhone 12系列的强劲需求”，iPhone营收较去年增长65%至479.4亿美元，远高于华尔街预测的417亿美元。</blockquote></p><p> Greater China revenues, Apple said, rose 88% from last year's pandemic trough to $17.728 billion, while overall services revenues rose 26.6% to $16.9 billion.</p><p><blockquote>苹果表示，大中华区收入较去年疫情低谷增长88%，达到177.28亿美元，而整体服务收入增长26.6%，达到169亿美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/apple-jumps-on-iphone-production-boost-report-jpmorgan-upgrade\">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/investing/apple-jumps-on-iphone-production-boost-report-jpmorgan-upgrade","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109822941","content_text":"Apple shares jumped to a fresh record high Wednesday following a report that the iPhone maker has asked suppliers to boost production by as much as 20% this year as it looks to meet improving customer demand.\nBloomberg reported Wednesday that Apple is looking to build 90 million next-generation iPhones this year, with the world's biggest tech company expected to get a boost from the launch of new 5G handsets later this year. Earlier this month, Apple's main rival, Samsung Electronics, saidJune quarter profits are likely to rise by 53% from last yearto 12.5 trillion won ($11 billion).\nShares were also buoyed by an upgrade at JPMorgan, which added the stock to its 'analyst focus list' as Samik Chatterjee boosted his price target by $5 to $175 each.\n\"We are adding Apple shares to the Analyst Focus List as a Growth idea as data points supporting our recently highlighted favorable view on the shares continue to trickle in, including upside revision to iPhone 12 build estimates by Apple Supply Chain analyst, William Yang, as well as continued strength in sales of Mac devices,\" Chatterjee wrote. \"While the above drivers lead to an increase in our near-term forecasts, the recent momentum led by better market share, drives us to also estimate higher sustainable volumes in future quarters, leading us to see a path to Apple outperforming investor expectations over a longer time horizon rather than just the upcoming earnings print.\"\nApple shares were marked 2.1% higher in early trading Wednesday to change hands at $148.71 each, just shy of the intra-day record high of $148.96 it hit at the opening bell.\nApple is set to report its third quarter earnings on July 27, with CFO Luca Maestri cautioning investors in late April that the group is likely to experience a \"steeper than usual\" sequential revenue decline thanks in part to supply constraints linked to the global semiconductor shortage following Street-blasting sales of nearly $90 billion for the three months ending in March.\nApple said iPhone revenues rose 65% from last year to $47.94 billion, well ahead of the $41.7 billion Street forecast, thanks to what CEO Tim Cook called \"strong demand for the iPhone 12 family\".\nGreater China revenues, Apple said, rose 88% from last year's pandemic trough to $17.728 billion, while overall services revenues rose 26.6% to $16.9 billion.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":407,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148442826,"gmtCreate":1626011610165,"gmtModify":1633930939066,"author":{"id":"3586128029522690","authorId":"3586128029522690","name":"KentcChin","avatar":"https://static.tigerbbs.com/ca5c8cd10d79cc4f8337c570dd06fd8c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586128029522690","authorIdStr":"3586128029522690"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/148442826","repostId":"2150306047","repostType":4,"isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}