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2021-06-15

Wow, like and comment please

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2021-06-12

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2021-08-18

hi

Palantir: Lord Of Growth, ARK Invest, And Becoming Lord Of The Market<blockquote>Palantir：增长之王、方舟投资，成为市场之王</blockquote>

2021-08-19

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2021-11-30

Hi

Oil prices rise on bets OPEC+ will hold off output hike<blockquote>由于押注 OPEC+ 将推迟增产，油价上涨</blockquote>

2021-11-25

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The Market Believes the Fed Will Have to Raise Rates Soon. What It Means for Stocks.<blockquote>市场认为美联储将不得不很快加息。这对股票意味着什么。</blockquote>

2021-08-10

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2021-07-16

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2021-11-05

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2021-09-24

hi

IPO opening reminder: Clearwater Analytics opens for trading at $23.8, up about 32% from IPO price<blockquote>IPO开盘提醒：Clearwater Analytics 开盘交易价格为 23.8 美元，较 IPO 价格上涨约 32%</blockquote>

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07:59","market":"us","language":"en","title":"Wall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116106959","media":"Reuters","summary":" - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&P 500 and Nasdaq.The S","content":"<p>(Reuters) - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.</p><p><blockquote>（路透社） - 华尔街周五收低，受到大型科技公司的拖累，投资者担心奥密克戎冠状病毒变种，并消化了美联储更快结束大流行时代刺激措施的决定。</blockquote></p><p> All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.</p><p><blockquote>在美联储周三暗示到 2022 年底加息三个四分之一个百分点以应对通胀飙升后，美国三大股指本周全部下跌。</blockquote></p><p> Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&amp;P 500 and Nasdaq.</p><p><blockquote>英伟达下跌 2.1%，Alphabet下跌 1.9%，均令标普500和纳斯达克承压。</blockquote></p><p> The S&amp;P 500 growth index lost 0.7% and the value index declined 1.4%.</p><p><blockquote>标普500增长指数下跌0.7%，价值指数下跌1.4%。</blockquote></p><p> All of the 11 major S&amp;P 500 sector indexes fell, with financials leading the way down with a 2.3% drop. Energy lost 2.2%.</p><p><blockquote>标普500 11个主要板块指数全部下跌，其中金融股领跌2.3%。能源损失2.2%。</blockquote></p><p> Adding to uncertainty, Pfizer said on Friday the pandemic could extend through next year. European countries geared up for further travel and social restrictions and a study warned that the rapidly spreading Omicron coronavirus variant was five times more likely to reinfect people than its predecessor, Delta.</p><p><blockquote>辉瑞公司周五表示，疫情可能会持续到明年，这增加了不确定性。欧洲国家为进一步的旅行和社会限制做好了准备，一项研究警告说，快速传播的奥密克戎冠状病毒变种再次感染人们的可能性是其前身德尔塔的五倍。</blockquote></p><p> Traders also pointed to year-end tax selling and the simultaneous expiration of stock options, stock index futures and index options contracts - known as triple witching - as potential causes for volatility.</p><p><blockquote>交易员还指出，年终税收抛售以及股票期权、股指期货和指数期权合约同时到期（被称为三重巫术）是波动的潜在原因。</blockquote></p><p> \"It's a big options expiration day,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. \"And now you draw on top of that some Omicron, and you've got volatility, and I think it creates a lot of uncertainty amongst investors. Where are you going to position for the end of the year?\"</p><p><blockquote>“这是一个重要的期权到期日，”新泽西州查塔姆 Themis Trading 的交易联席经理 Joe Saluzzi 表示。“现在你再加上一些奥密克戎，你就会出现波动，我认为这会给投资者带来很多不确定性。你打算在年底前把仓位放在哪里？”</blockquote></p><p> Heavyweight growth stocks including Nvidia and Microsoft have outperformed the broader market in 2021, while the Philadelphia SE Semiconductor index has surged about 35%. The benchmark S&amp;P 500 index gained around 23% in the same period.</p><p><blockquote>2021年，英伟达和微软等权重成长股的表现优于大盘，而费城东南半导体指数则飙升约35%。同期，基准标普500指数上涨约 23%。</blockquote></p><p> In Friday's session, the Dow Jones Industrial Average fell 1.48% to end at 35,365.44 points, while the S&amp;P 500 lost 1.03% to 4,620.64.</p><p><blockquote>在周五的交易中，道琼斯工业平均指数下跌1.48%，收于35,365.44点，而标普500指数下跌1.03%，至4,620.64点。</blockquote></p><p> The Nasdaq Composite dropped 0.07% to 15,169.68.</p><p><blockquote>纳斯达克综合指数下跌 0.07%，至 15,169.68 点。</blockquote></p><p> On a positive note, the small-cap Russell 2000 index rallied 1% after having fallen more than 10% from a record high in early November.</p><p><blockquote>从积极的方面来看，小盘股罗素 2000 指数在从 11 月初的历史高点下跌超过 10% 后反弹 1%。</blockquote></p><p> With options expiring, volume on U.S. exchanges jumped to 16.6 billion shares, far above the 11.9 billion average over the last 20 trading days.</p><p><blockquote>随着期权到期，美国交易所的成交量跃升至 166 亿股，远高于过去 20 个交易日 119 亿股的平均水平。</blockquote></p><p> For the week, the S&amp;P 500 fell 1.9%, the Dow lost 1.7% and the Nasdaq declined 2.9%.</p><p><blockquote>本周，标普500指数下跌1.9%，道琼斯指数下跌1.7%，纳斯达克指数下跌2.9%。</blockquote></p><p> In Friday's session, Oracle tumbled 6.4% after the Wall Street Journal reported the enterprise software maker is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion. Shares of Cerner surged 12.9%.</p><p><blockquote>在周五的交易中，甲骨文暴跌 6.4%，此前《华尔街日报》报道了这家企业软件制造商正在洽谈收购电子病历公司 Cerner，交易价值可能为 300 亿美元。Cerner 股价飙升 12.9%。</blockquote></p><p> FedEx Corp rose almost 5% after the delivery firm reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits.</p><p><blockquote>联邦快递公司 (FedEx Corp) 周四恢复了最初的 2022 财年预测，尽管持续的劳动力困境削弱了利润，但该公司股价上涨近 5%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 1.50 比 1；在纳斯达克，1.16比1的比率有利于进步人士。</blockquote></p><p> The S&amp;P 500 posted 22 new 52-week highs and seven new lows; the Nasdaq Composite recorded 28 new highs and 341 new lows.</p><p><blockquote>标普500创下 22 个 52 周新高和 7 个新低；纳斯达克综合指数创下28个新高和341个新低。</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>Wall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ends down after mostly negative week<blockquote>华尔街在经历了大部分负面的一周后收盘下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-18 07:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.</p><p><blockquote>（路透社） - 华尔街周五收低，受到大型科技公司的拖累，投资者担心奥密克戎冠状病毒变种，并消化了美联储更快结束大流行时代刺激措施的决定。</blockquote></p><p> All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.</p><p><blockquote>在美联储周三暗示到 2022 年底加息三个四分之一个百分点以应对通胀飙升后，美国三大股指本周全部下跌。</blockquote></p><p> Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&amp;P 500 and Nasdaq.</p><p><blockquote>英伟达下跌 2.1%，Alphabet下跌 1.9%，均令标普500和纳斯达克承压。</blockquote></p><p> The S&amp;P 500 growth index lost 0.7% and the value index declined 1.4%.</p><p><blockquote>标普500增长指数下跌0.7%，价值指数下跌1.4%。</blockquote></p><p> All of the 11 major S&amp;P 500 sector indexes fell, with financials leading the way down with a 2.3% drop. Energy lost 2.2%.</p><p><blockquote>标普500 11个主要板块指数全部下跌，其中金融股领跌2.3%。能源损失2.2%。</blockquote></p><p> Adding to uncertainty, Pfizer said on Friday the pandemic could extend through next year. European countries geared up for further travel and social restrictions and a study warned that the rapidly spreading Omicron coronavirus variant was five times more likely to reinfect people than its predecessor, Delta.</p><p><blockquote>辉瑞公司周五表示，疫情可能会持续到明年，这增加了不确定性。欧洲国家为进一步的旅行和社会限制做好了准备，一项研究警告说，快速传播的奥密克戎冠状病毒变种再次感染人们的可能性是其前身德尔塔的五倍。</blockquote></p><p> Traders also pointed to year-end tax selling and the simultaneous expiration of stock options, stock index futures and index options contracts - known as triple witching - as potential causes for volatility.</p><p><blockquote>交易员还指出，年终税收抛售以及股票期权、股指期货和指数期权合约同时到期（被称为三重巫术）是波动的潜在原因。</blockquote></p><p> \"It's a big options expiration day,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. \"And now you draw on top of that some Omicron, and you've got volatility, and I think it creates a lot of uncertainty amongst investors. Where are you going to position for the end of the year?\"</p><p><blockquote>“这是一个重要的期权到期日，”新泽西州查塔姆 Themis Trading 的交易联席经理 Joe Saluzzi 表示。“现在你再加上一些奥密克戎，你就会出现波动，我认为这会给投资者带来很多不确定性。你打算在年底前把仓位放在哪里？”</blockquote></p><p> Heavyweight growth stocks including Nvidia and Microsoft have outperformed the broader market in 2021, while the Philadelphia SE Semiconductor index has surged about 35%. The benchmark S&amp;P 500 index gained around 23% in the same period.</p><p><blockquote>2021年，英伟达和微软等权重成长股的表现优于大盘，而费城东南半导体指数则飙升约35%。同期，基准标普500指数上涨约 23%。</blockquote></p><p> In Friday's session, the Dow Jones Industrial Average fell 1.48% to end at 35,365.44 points, while the S&amp;P 500 lost 1.03% to 4,620.64.</p><p><blockquote>在周五的交易中，道琼斯工业平均指数下跌1.48%，收于35,365.44点，而标普500指数下跌1.03%，至4,620.64点。</blockquote></p><p> The Nasdaq Composite dropped 0.07% to 15,169.68.</p><p><blockquote>纳斯达克综合指数下跌 0.07%，至 15,169.68 点。</blockquote></p><p> On a positive note, the small-cap Russell 2000 index rallied 1% after having fallen more than 10% from a record high in early November.</p><p><blockquote>从积极的方面来看，小盘股罗素 2000 指数在从 11 月初的历史高点下跌超过 10% 后反弹 1%。</blockquote></p><p> With options expiring, volume on U.S. exchanges jumped to 16.6 billion shares, far above the 11.9 billion average over the last 20 trading days.</p><p><blockquote>随着期权到期，美国交易所的成交量跃升至 166 亿股，远高于过去 20 个交易日 119 亿股的平均水平。</blockquote></p><p> For the week, the S&amp;P 500 fell 1.9%, the Dow lost 1.7% and the Nasdaq declined 2.9%.</p><p><blockquote>本周，标普500指数下跌1.9%，道琼斯指数下跌1.7%，纳斯达克指数下跌2.9%。</blockquote></p><p> In Friday's session, Oracle tumbled 6.4% after the Wall Street Journal reported the enterprise software maker is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion. Shares of Cerner surged 12.9%.</p><p><blockquote>在周五的交易中，甲骨文暴跌 6.4%，此前《华尔街日报》报道了这家企业软件制造商正在洽谈收购电子病历公司 Cerner，交易价值可能为 300 亿美元。Cerner 股价飙升 12.9%。</blockquote></p><p> FedEx Corp rose almost 5% after the delivery firm reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits.</p><p><blockquote>联邦快递公司 (FedEx Corp) 周四恢复了最初的 2022 财年预测，尽管持续的劳动力困境削弱了利润，但该公司股价上涨近 5%。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌发行量与上涨发行量的比例为 1.50 比 1；在纳斯达克，1.16比1的比率有利于进步人士。</blockquote></p><p> The S&amp;P 500 posted 22 new 52-week highs and seven new lows; the Nasdaq Composite recorded 28 new highs and 341 new lows.</p><p><blockquote>标普500创下 22 个 52 周新高和 7 个新低；纳斯达克综合指数创下28个新高和341个新低。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-ends-212015460.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-ends-212015460.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116106959","content_text":"(Reuters) - Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.\nAll three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.\nNvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&P 500 and Nasdaq.\nThe S&P 500 growth index lost 0.7% and the value index declined 1.4%.\nAll of the 11 major S&P 500 sector indexes fell, with financials leading the way down with a 2.3% drop. Energy lost 2.2%.\nAdding to uncertainty, Pfizer said on Friday the pandemic could extend through next year. European countries geared up for further travel and social restrictions and a study warned that the rapidly spreading Omicron coronavirus variant was five times more likely to reinfect people than its predecessor, Delta.\nTraders also pointed to year-end tax selling and the simultaneous expiration of stock options, stock index futures and index options contracts - known as triple witching - as potential causes for volatility.\n\"It's a big options expiration day,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. \"And now you draw on top of that some Omicron, and you've got volatility, and I think it creates a lot of uncertainty amongst investors. Where are you going to position for the end of the year?\"\nHeavyweight growth stocks including Nvidia and Microsoft have outperformed the broader market in 2021, while the Philadelphia SE Semiconductor index has surged about 35%. The benchmark S&P 500 index gained around 23% in the same period.\nIn Friday's session, the Dow Jones Industrial Average fell 1.48% to end at 35,365.44 points, while the S&P 500 lost 1.03% to 4,620.64.\nThe Nasdaq Composite dropped 0.07% to 15,169.68.\nOn a positive note, the small-cap Russell 2000 index rallied 1% after having fallen more than 10% from a record high in early November.\nWith options expiring, volume on U.S. exchanges jumped to 16.6 billion shares, far above the 11.9 billion average over the last 20 trading days.\nFor the week, the S&P 500 fell 1.9%, the Dow lost 1.7% and the Nasdaq declined 2.9%.\nIn Friday's session, Oracle tumbled 6.4% after the Wall Street Journal reported the enterprise software maker is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion. Shares of Cerner surged 12.9%.\nFedEx Corp rose almost 5% after the delivery firm reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored advancers.\nThe S&P 500 posted 22 new 52-week highs and seven new lows; the Nasdaq Composite recorded 28 new highs and 341 new lows.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":5052,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699042549,"gmtCreate":1639728977888,"gmtModify":1639728978155,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/699042549","repostId":"1149671632","repostType":4,"isVote":1,"tweetType":1,"viewCount":4624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690375118,"gmtCreate":1639644172023,"gmtModify":1639644172284,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/690375118","repostId":"1127770254","repostType":4,"isVote":1,"tweetType":1,"viewCount":3637,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607011775,"gmtCreate":1639456369780,"gmtModify":1639456370035,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607011775","repostId":"1120286910","repostType":4,"repost":{"id":"1120286910","kind":"news","pubTimestamp":1639453388,"share":"https://www.laohunote.com/m/news/1120286910?lang=zh_CN&edition=full","pubTime":"2021-12-14 11:43","market":"us","language":"en","title":"PayPal's Recent Price Decline Will Eventually Happen To Nearly All Overvalued Technology Stocks<blockquote>PayPal 最近的价格下跌最终将发生在几乎所有被高估的科技股上</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120286910","media":"Seeking Alpha","summary":"Summary\n\nPayPal stock is down over -35% off this year's highs, and the stock still isn't cheap.\nI wa","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>PayPal stock is down over -35% off this year's highs, and the stock still isn't cheap.</li>  <li>I warned investors back in February of 2021 that PayPal was extremely overvalued and worth selling.</li>  <li>That warning could have been issued for dozens and dozens of overvalued technology stocks that still have over -50% downside from here within the next 3 years.</li>  <li>PayPal remains a great company that I would like to own, so I analyze the stock in order to establish I price at which I'd be willing to buy it.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/847095b0be294275f55f7e8f700d56b4\" tg-width=\"1536\" tg-height=\"1229\" width=\"100%\" height=\"auto\"><span>BsWei/iStock via Getty Images</span></p><p><blockquote><ul><li>PayPal股价较今年高点下跌了-35%以上，而且该股仍然不便宜。</li><li>我早在 2021 年 2 月就警告投资者，PayPal被严重高估，值得出售。</li><li>这一警告可能是针对数十只被高估的科技股发出的，这些股票在未来 3 年内仍有超过 -50% 的下跌空间。</li><li>PayPal仍然是一家我想拥有的伟大公司，所以我分析了这只股票，以确定我愿意购买它的价格。</li></ul><p class=\"t-img-caption\"><span>BsWei/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> Back on February 6th, 2021, I made a video where I shared with investors why PayPal (PYPL) stock was overvalued enough to sell. I shared that video on my Seeking Alpha bloghere. Since that time, PayPal has performed poorly both on an absolute basis and relative to the S&amp;P 500 (SPY).</p><p><blockquote>早在 2021 年 2 月 6 日，我制作了一个视频，与投资者分享了为什么PayPal (PYPL) 股票被高估到足以出售。我在我的寻求阿尔法博客上分享了那个视频。从那时起，PayPal无论从绝对角度还是相对于标普500（SPDR标普500指数ETF）来说都表现不佳。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8252b7218af36cce8b5a591f56abaecd\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> The stock price is down about -30% since I warned investors and down about -38% off its high price of the year.</p><p><blockquote>自从我警告投资者以来，股价已下跌约 -30%，较今年最高价下跌约 -38%。</blockquote></p><p> The truth is that I could have issued the same warning about many other technology stocks that had become overvalued, but PayPal was one that I actually wanted to buy if the price ever fell to a reasonable level. It was a case where there was absolutely nothing wrong with the company. There was no bad story to tell. The price had simply gotten insanely overvalued. It didn't matter how good the story around PayPal was back in February. Numbers almost always trump narrative over the long-term. And the numbers back then didn't make sense.</p><p><blockquote>事实是，我本可以对许多其他被高估的科技股发出同样的警告，但如果价格跌至合理水平，我实际上想买入PayPal。这是一个公司绝对没有任何问题的案例。没有什么不好的故事可以讲。价格已经被疯狂高估了。二月份围绕PayPal的故事有多好并不重要。从长远来看，数字几乎总是胜过叙述。当时的数字毫无意义。</blockquote></p><p> This should be an important lesson for medium and long-term investors. If the numbers don't work, it doesn't matter what the story is.</p><p><blockquote>这对于中长期投资者来说，应该是一个重要的教训。如果数字不起作用，故事是什么并不重要。</blockquote></p><p> The difficultly for a stock writer like myself is that investors<i>love</i>narratives and stories. It's not our fault. Our human brains are hardwired that way. Since I shared my bearish February PayPal video, out of 62 articles on Seeking Alpha covering PayPal, there hasn't been a single \"Bearish\" article written. The primary reason for that is because PayPal's narrative was so appealing that valuation numbers were either ignored, or the assumptions around the numbers were not realistic.</p><p><blockquote>对于像我这样的股票作家来说，困难在于投资者<i>爱</i>叙事和故事。这不是我们的错。我们人类的大脑是这样硬连线的。自从我分享了我的2月份PayPal看跌视频以来，在Seeking Alpha报道PayPal的62篇文章中，还没有一篇“看跌”的文章被写出来。主要原因是 PayPal 的说法如此吸引人，以至于估值数字要么被忽视，要么围绕这些数字的假设不切实际。</blockquote></p><p> In this article, I'm going to share my current PayPal valuation based on earnings and earnings growth projections. I'll also share what I consider to be a fair value range for PayPal stock, and the price I would be looking to buy with a margin of safety. This is the same basic process I used to determine that PayPal stock was overvalued back in February of 2021.</p><p><blockquote>在本文中，我将分享我当前基于盈利和盈利增长预测的PayPal估值。我还将分享我认为PayPal股票的公允价值范围，以及我希望在安全边际下购买的价格。这与我在 2021 年 2 月确定PayPal股票被高估的基本过程相同。</blockquote></p><p> <b>Full-Cycle Earnings Analysis</b></p><p><blockquote><b>全周期盈利分析</b></blockquote></p><p> As part of the analysis, I calculate what I consider to be the two main drivers of future total returns: Market sentiment returns and business returns. I then combine those expected returns together in the form of a 10-year CAGR expectation and use that to value the stock.</p><p><blockquote>作为分析的一部分，我计算了我认为未来总回报的两个主要驱动因素：市场情绪回报和业务回报。然后，我将这些预期回报以 10 年 CAGR 预期的形式组合在一起，并用它来估值股票。</blockquote></p><p> Before I begin this analysis, I always check the business's long-term earnings patterns in order to ensure that the business is a proper fit for this sort of analysis. If the historical earnings 1) don't have a long enough history 2) are erratic in nature, or 3) are too cyclical, then I either avoid analyzing the stock altogether or I use a different type of analysis that is more appropriate.</p><p><blockquote>在我开始这种分析之前，我总是检查企业的长期盈利模式，以确保企业适合这种分析。如果历史收益 1) 没有足够长的历史 2) 本质上不稳定，或者 3) 周期性太强，那么我要么完全避免分析股票，要么使用更合适的不同类型的分析。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/70078307e65a5a1d0e37f9e70b726b77\" tg-width=\"640\" tg-height=\"490\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> We can see that since 2015 PayPal's earnings per share have increased every single year. This is a clear secular growth pattern and it makes the stock very attractive as a long-term investment. Since 2015 there haven't been any negative earnings growth years so the stock is likely a good fit for the type of earnings analysis I'm going to perform. One important question to ask, though, is that while we did have a brief recession in 2020, it was a very unusual one. It's possible that PayPal's business could be more economically sensitive during a longer, more drawn-out recession. So, that is a risk. However, when I examined how eBay (EBAY) performed in the 2008/9 recession, its earnings growth was basically flat, and never went negative. If I had to make a guess, I think PayPal's earnings growth rate would probably decline during a \"normal\" recession, but still wouldn't be especially cyclical. For those reasons, I'm going to go ahead with my Full-Cycle Earnings Analysis even though we don't have hard historical data from \"normal\" recession for PayPal.</p><p><blockquote>我们可以看到，自2015年以来，PayPal的每股收益每年都在增长。这是一个明确的长期增长模式，这使得该股作为长期投资非常有吸引力。自 2015 年以来，还没有出现过任何盈利负增长的年份，因此该股可能非常适合我要进行的盈利分析类型。不过，要问的一个重要问题是，虽然我们在2020年确实经历了短暂的衰退，但这是一次非常不寻常的衰退。在更长时间、更持久的衰退期间，PayPal 的业务可能会对经济更加敏感。所以，这是一个风险。然而，当我考察易贝（eBay）在2008/9年经济衰退中的表现时，其盈利增长基本持平，从未出现负增长。如果让我猜测的话，我认为PayPal的盈利增长率可能会在“正常”衰退期间下降，但仍然不会特别具有周期性。出于这些原因，我将继续进行我的全周期盈利分析，即使我们没有PayPal“正常”衰退的确切历史数据。</blockquote></p><p> <b>Market Sentiment Return Expectations</b></p><p><blockquote><b>市场情绪回报预期</b></blockquote></p><p></p><p> In order to estimate what sort of returns we might expect over the next 10 years, let's begin by examining what return we could expect 10 years from now if the P/E multiple were to revert to its mean from the previous economic cycle. Since we have had a recent recession (albeit an unusual one) I'm starting this cycle in fiscal year 2015 and running it through 2021's estimates.</p><p><blockquote>为了估算未来10年我们可能预期的回报，让我们首先研究一下，如果市盈率恢复到上一个经济周期的平均值，10年后我们可能预期的回报。由于我们最近经历了一场衰退（尽管是一次不寻常的衰退），我将在2015财年开始这个周期，并在2021年的预测中运行。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e36d2c3455962a02d96b8c88c32eadce\" tg-width=\"640\" tg-height=\"490\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> PayPal's average P/E from 2015 to the present has been a healthy 34.11 (the blue bar circled in gold on the FAST Graph). Using 2021's forward earnings estimates of $4.60 (also circled in gold), PayPal has a current P/E of 40.73. If that 40.73 P/E were to revert to the average P/E of 34.11 over the course of the next 10 years and everything else was held the same, PayPal's price would fall and it would produce a 10-Year CAGR of<b>-1.75%</b>. That's the annual return we can expect from sentiment mean reversion if it takes ten years to revert. If it takes less time to revert, the price could fall faster.</p><p><blockquote>从2015年到现在，PayPal的平均市盈率一直是健康的34.11（快速图上用金色圈出的蓝色条）。使用 2021 年的预期盈利 4.60 美元（也用金色圈出），PayPal目前的市盈率为 40.73。如果40.73市盈率在未来10年内恢复到34.11的平均市盈率，而其他条件保持不变，PayPal的价格将会下降，10年CAGR将为<b>-1.75%</b>如果情绪均值回归需要十年时间，这就是我们可以从情绪均值回归中预期的年回报。如果恢复时间短，价格可能会下跌得更快。</blockquote></p><p> <b>Business Earnings Expectations</b></p><p><blockquote><b>业务盈利预期</b></blockquote></p><p> We previously examined what would happen if market sentiment reverted to the mean. This is entirely determined by the mood of the market and is quite often disconnected, or only loosely connected, to the performance of the actual business. In this section, we will examine the actual earnings of the business. The goal here is simple: We want to know how much money we would earn (expressed in the form of a CAGR %) over the course of 10 years if we bought the business at today's prices and kept all of the earnings for ourselves.</p><p><blockquote>我们之前研究了如果市场情绪回归均值会发生什么。这完全由市场情绪决定，并且经常与实际业务的表现脱节，或者只是松散的联系。在本节中，我们将考察企业的实际收入。这里的目标很简单：我们想知道，如果我们以今天的价格收购业务并将所有收入留给自己，我们在10年内会赚多少钱（以CAGR%的形式表示）。</blockquote></p><p> There are two main components of this: the first is the earnings yield and the second is the rate at which the earnings can be expected to grow. Let's start with the earnings yield (which is an inverted P/E ratio, so, the Earnings/Price ratio). The current earnings yield is about +2.46%. The way I like to think about this is, if I bought the company's whole business right now for $100, I would earn $2.46 per year on my investment if earnings remained the same for the next 10 years.</p><p><blockquote>这有两个主要组成部分：第一个是收益收益率，第二个是预期收益增长率。让我们从市盈率（这是一个倒置的市盈率，因此，市盈率/市盈率）开始。目前的市盈率约为+2.46%。我喜欢这样想，如果我现在以100美元收购该公司的整个业务，如果未来10年收益保持不变，我每年将从投资中获得2.46美元。</blockquote></p><p> The next step is to estimate the company's earnings growth during this time period. I do that by figuring out at what rate earnings grew during the last cycle and applying that rate to the next 10 years. This involves calculating the EPS growth rate since 2015, taking into account each year's EPS growth or decline, and then backing out any share buybacks that occurred over that time period (because reducing shares will increase the EPS due to fewer shares).</p><p><blockquote>下一步是估算公司在此期间的盈利增长。我通过计算上一个周期的收益增长率，并将该增长率应用于未来 10 年来做到这一点。这包括计算2015年以来的每股收益增长率，考虑每年的每股收益增长或下降，然后退出该时间段内发生的任何股票回购（因为减少股票会增加每股收益，因为股票减少）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f31b7d8ed5f59c82c2531cc686324d1a\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Due to the scale of the graph, the buybacks look much bigger than they actually are, and there isn't much to adjust here. Additionally, since PayPal has grown earnings every year there are no earnings growth declines to adjust for either. This makes estimating PayPal's earnings growth a relatively straightforward affair, and I estimate PayPal's earnings growth at about +23.65%.</p><p><blockquote>由于图表的比例，回购看起来比实际大得多，这里没有太多需要调整的地方。此外，由于PayPal的盈利每年都在增长，因此两者都不需要盈利增长下降来调整。这使得估计 PayPal 的盈利增长变得相对简单，我估计 PayPal 的盈利增长约为 +23.65%。</blockquote></p><p> Now, this is the point where my conservatism when it comes to asking myself \"What is a reasonable expectation, for valuation purposes, going forward 10 years?\" It is very, very difficult for businesses to grow earnings over 20% per year for a full decade (particularly if they have already been doing that the previous decade). For that reason, I cap all of my long-term forward earnings growth estimates when using them for valuation purposes at 20%. This is simply a way to help keep me from overpaying for a stock when their P/E multiple is likely to contract over time. So, for this valuation exercise, I am limiting my earnings growth assumption to 20%.</p><p><blockquote>现在，这就是我的保守主义在问自己“出于估值目的，未来 10 年的合理预期是多少？”对于企业来说，在整整十年内每年增长超过20%的收益是非常非常困难的（特别是如果他们在过去十年中已经这样做了）。因此，我在将所有长期远期盈利增长预测用于估值时，将其上限设定为 20%。当股票的市盈率可能会随着时间的推移而收缩时，这只是一种帮助我避免为股票支付过高的费用的方法。因此，对于这次估值练习，我将盈利增长假设限制在 20%。</blockquote></p><p> Next, I'll apply that growth rate to current earnings, looking forward 10 years in order to get a final 10-year CAGR estimate. The way I think about this is, if I bought PayPal's whole business for $100, it would pay me back $2.46 plus +20.00% growth the first year, and that amount would grow at +20.00% per year for 10 years after that. I want to know how much money I would have in total at the end of 10 years on my $100 investment, which I calculate to be about $176.50 (including the original $100). When I plug that growth into a CAGR calculator, that translates to a<b>+5.85%</b>10-year CAGR estimate for the expected business earnings returns.</p><p><blockquote>接下来，我将把这个增长率应用于当前的收益，展望10年，以获得最终的10年CAGR估计。我的想法是，如果我花100美元收购PayPal的整个业务，它将在第一年偿还我2.46美元，外加+20.00%的增长率，此后10年，这笔金额将以+20.00%的速度每年增长。我想知道10年后我的100美元投资总共有多少钱，我计算大约是176.50美元（包括最初的100美元）。当我把增长率输入复合年增长率计算器时，就会转化为<b>+5.85%</b>预期业务收益回报的 10 年复合年增长率估计。</blockquote></p><p> <b>10-Year, Full-Cycle CAGR Estimate</b></p><p><blockquote><b>10 年全周期复合年增长率估计</b></blockquote></p><p></p><p> Potential future returns can come from two main places: market sentiment returns or business earnings returns. If we assume that market sentiment reverts to the mean from the last cycle over the next 10 years for PayPal, it will produce a -1.75% CAGR. If the earnings yield and growth are similar to the last cycle, the company should produce somewhere around a +5.85% 10-year CAGR. If we put the two together, we get an expected 10-year, full-cycle CAGR of<b>+4.10%</b>at today's price.</p><p><blockquote>潜在的未来回报可以来自两个主要来源：市场情绪回报或企业盈利回报。如果我们假设市场情绪在未来 10 年内恢复到上一个周期的平均值，那么PayPal的复合年增长率将达到 -1.75%。如果盈利收益率和增长与上一个周期相似，该公司的 10 年复合年增长率应该在 +5.85% 左右。如果我们把两者放在一起，我们得到的预期10年全周期CAGR为<b>+4.10%</b>以今天的价格。</blockquote></p><p> My Buy/Sell/Hold range for this category of stocks is: above a 12% CAGR is a Buy, below a 4% expected CAGR is a Sell, and in between 4% and 12% is a Hold. This puts PayPal stock just barely into the \"Hold\" category at today's price level.</p><p><blockquote>我对这类股票的买入/卖出/持有范围是：高于12%的CAGR是买入，低于4%的预期CAGR是卖出，4%到12%之间是持有。这使得PayPal股票在今天的价格水平上勉强进入“持有”类别。</blockquote></p><p> <b>Additional Considerations</b></p><p><blockquote><b>其他注意事项</b></blockquote></p><p> I consider PayPal one of the highest quality growth stocks in the market right now, which is why I've been monitoring its valuation relatively closely. In this section I'm going to share my fair value range for PayPal along with the price I would be willing to buy the stock with a margin of safety based on earnings, and also the price I would consider buying using a more aggressive and less conservative valuation approach. So, I'm going to look at PayPal's valuation from a variety of different perspectives to give us a clearer view of what might be an appropriate price to pay for the stock.</p><p><blockquote>我认为PayPal是目前市场上质量最高的成长型股票之一，这就是为什么我一直相对密切地关注其估值。在本节中，我将分享我对PayPal的公允价值范围，以及我愿意根据收益购买具有安全边际的股票的价格，以及我考虑使用更激进和不太保守的估值方法购买的价格。因此，我将从各种不同的角度来看待 PayPal 的估值，以便我们更清楚地了解购买该股票的合适价格。</blockquote></p><p> First, I'll start with my buy price and fair value range using the same assumptions and inputs I used in this article. If we use all of those same inputs my current fair value range for PayPal is about $126.50 to $164.00 per share. My current buy price that includes a margin of safety is $112.10. Investors who buy below that price have very good odds of great returns over the medium-term with the stock.</p><p><blockquote>首先，我将使用我在本文中使用的相同假设和输入，从我的购买价格和公允价值范围开始。如果我们使用所有这些相同的输入，我目前对PayPal的公允价值范围约为每股 126.50 美元至 164.00 美元。我目前的购买价格（包括安全边际）是 112.10 美元。低于该价格购买的投资者很有可能在中期内获得股票的丰厚回报。</blockquote></p><p> Once we get into the new year and 2022, I'll start pulling forward PayPal's 2022 earnings for my estimates. Right now, analysts expect $5.25 per share from earnings in 2022. That will improve PayPal's valuation a lot if the rest of their metrics remain the same, and it would raise their fair value range up to $145.00 to $187.50 dollars per share with a margin of safety buy price at $128.00 per share. This, of course, assumes analysts keep their estimates for 2022 in place and don't lower them over the next couple of months. It also means, based on future earnings, that in a month or two if PayPal keeps trading near its current price, it is already in the top end of a \"fair value\" price range. This might be a further reason for current owners to keep holding.</p><p><blockquote>一旦我们进入新的一年和 2022 年，我将开始提前预测 PayPal 2022 年的收益。目前，分析师预计 2022 年每股收益为 5.25 美元。如果 PayPal 的其他指标保持不变，这将大大提高 PayPal 的估值，并将其公允价值范围提高到每股 145.00 美元至 187.50 美元，安全边际买入价为每股 128.00 美元。当然，这是假设分析师保持对 2022 年的预期不变，并且在未来几个月内不会降低预期。这还意味着，根据未来的收益，如果PayPal在一两个月内继续在当前价格附近交易价格，它就已经处于“公允价值”价格范围的上端。这可能是当前所有者继续持有的另一个原因。</blockquote></p><p> The Full-Cycle Earnings analysis I used in this article is not the only type of analysis I use. For certain rare businesses with fast profit growth dynamics, I recently developed a new analysis to help identify fast-growing businesses that might never become cheap enough to buy based on earnings alone. The methods of this analysis are exclusive to my private service, The Cyclical Investor's Club, but since PayPal's profit growth is very strong, it actually qualifies for this type of analysis, too, and I thought I would at least share the sort of \"buy price\" that analysis produces because it's a little more aggressive than the earnings-based analysis.</p><p><blockquote>我在本文中使用的全周期收益分析并不是我使用的唯一类型的分析。对于某些具有快速利润增长势头的罕见企业，我最近开发了一种新的分析，以帮助识别快速增长的企业，这些企业可能永远不会变得便宜到仅仅根据收益来收购。这种分析方法是我的私人服务周期投资者俱乐部独有的，但由于 PayPal 的利润增长非常强劲，它实际上也有资格进行这种类型的分析，我想我至少会分享那种“买入价格”分析产生的，因为它比基于收益的分析更激进一些。</blockquote></p><p> When I examine PayPal using the profit growth analysis, it produces a buy price of $144.90. I find that interesting because if profits keep growing this quarter that price is likely to rise a little bit and put it pretty close to the middle of fair value using next year's earnings using my earnings-based method. This assumes that PayPal's metrics don't deteriorate between now and then, and there would be some technical requirements PayPal would have to meet as well, but I think the odds are good that by February of 2022 I could be a buyer of PayPal stock, approximately one year after I warned investors about its high valuation. It's going to be very interesting to see how it turns out.</p><p><blockquote>当我使用利润增长分析法检查PayPal时，它产生的买入价为 144.90 美元。我觉得这很有趣，因为如果本季度利润继续增长，价格可能会上涨一点，并使用我基于收益的方法，使用明年的收益，使其非常接近公允价值的中间位置。这是假设 PayPal 的指标从现在到那时不会恶化，并且PayPal也必须满足一些技术要求，但我认为到 2022 年 2 月，我很有可能成为PayPal股票的买家，大约一年后我就其高估值向投资者发出警告。看看结果会很有趣。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> I think PayPal's 2021 decline is an interesting and useful case study that goes beyond PayPal itself. The sort of decline we've seen in PayPal's stock price this year was entirely predictable and there are many other richly valued technology stocks that will experience a similar decline, likely in 2022 for most of them. For investors who are overweight these types of stocks, now is probably a time to consider diversifying in order to help keep the gains they have experienced the past couple of years. While there will be some overvalued stocks that simply stagnate for several years and go nowhere, and a rare few that manage to keep rising, the vast majority will experience declines like PayPal has experienced.</p><p><blockquote>我认为PayPal 2021年的下滑是一个有趣且有用的案例研究，超越了PayPal本身。我们今年看到的 PayPal 股价下跌是完全可以预见的，还有许多其他高估值科技股也会经历类似的下跌，其中大多数可能会在 2022 年下跌。对于跑赢大盘这类股票的投资者来说，现在可能是考虑多元化投资的时候了，以帮助保持过去几年的收益。虽然会有一些被高估的股票简单地停滞几年而一事无成，也有少数股票设法保持上涨，但绝大多数股票将经历像PayPal所经历的那样的下跌。</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>PayPal's Recent Price Decline Will Eventually Happen To Nearly All Overvalued Technology Stocks<blockquote>PayPal 最近的价格下跌最终将发生在几乎所有被高估的科技股上</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPayPal's Recent Price Decline Will Eventually Happen To Nearly All Overvalued Technology Stocks<blockquote>PayPal 最近的价格下跌最终将发生在几乎所有被高估的科技股上</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-14 11:43</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>PayPal stock is down over -35% off this year's highs, and the stock still isn't cheap.</li>  <li>I warned investors back in February of 2021 that PayPal was extremely overvalued and worth selling.</li>  <li>That warning could have been issued for dozens and dozens of overvalued technology stocks that still have over -50% downside from here within the next 3 years.</li>  <li>PayPal remains a great company that I would like to own, so I analyze the stock in order to establish I price at which I'd be willing to buy it.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/847095b0be294275f55f7e8f700d56b4\" tg-width=\"1536\" tg-height=\"1229\" width=\"100%\" height=\"auto\"><span>BsWei/iStock via Getty Images</span></p><p><blockquote><ul><li>PayPal股价较今年高点下跌了-35%以上，而且该股仍然不便宜。</li><li>我早在 2021 年 2 月就警告投资者，PayPal被严重高估，值得出售。</li><li>这一警告可能是针对数十只被高估的科技股发出的，这些股票在未来 3 年内仍有超过 -50% 的下跌空间。</li><li>PayPal仍然是一家我想拥有的伟大公司，所以我分析了这只股票，以确定我愿意购买它的价格。</li></ul><p class=\"t-img-caption\"><span>BsWei/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> Back on February 6th, 2021, I made a video where I shared with investors why PayPal (PYPL) stock was overvalued enough to sell. I shared that video on my Seeking Alpha bloghere. Since that time, PayPal has performed poorly both on an absolute basis and relative to the S&amp;P 500 (SPY).</p><p><blockquote>早在 2021 年 2 月 6 日，我制作了一个视频，与投资者分享了为什么PayPal (PYPL) 股票被高估到足以出售。我在我的寻求阿尔法博客上分享了那个视频。从那时起，PayPal无论从绝对角度还是相对于标普500（SPDR标普500指数ETF）来说都表现不佳。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8252b7218af36cce8b5a591f56abaecd\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> The stock price is down about -30% since I warned investors and down about -38% off its high price of the year.</p><p><blockquote>自从我警告投资者以来，股价已下跌约 -30%，较今年最高价下跌约 -38%。</blockquote></p><p> The truth is that I could have issued the same warning about many other technology stocks that had become overvalued, but PayPal was one that I actually wanted to buy if the price ever fell to a reasonable level. It was a case where there was absolutely nothing wrong with the company. There was no bad story to tell. The price had simply gotten insanely overvalued. It didn't matter how good the story around PayPal was back in February. Numbers almost always trump narrative over the long-term. And the numbers back then didn't make sense.</p><p><blockquote>事实是，我本可以对许多其他被高估的科技股发出同样的警告，但如果价格跌至合理水平，我实际上想买入PayPal。这是一个公司绝对没有任何问题的案例。没有什么不好的故事可以讲。价格已经被疯狂高估了。二月份围绕PayPal的故事有多好并不重要。从长远来看，数字几乎总是胜过叙述。当时的数字毫无意义。</blockquote></p><p> This should be an important lesson for medium and long-term investors. If the numbers don't work, it doesn't matter what the story is.</p><p><blockquote>这对于中长期投资者来说，应该是一个重要的教训。如果数字不起作用，故事是什么并不重要。</blockquote></p><p> The difficultly for a stock writer like myself is that investors<i>love</i>narratives and stories. It's not our fault. Our human brains are hardwired that way. Since I shared my bearish February PayPal video, out of 62 articles on Seeking Alpha covering PayPal, there hasn't been a single \"Bearish\" article written. The primary reason for that is because PayPal's narrative was so appealing that valuation numbers were either ignored, or the assumptions around the numbers were not realistic.</p><p><blockquote>对于像我这样的股票作家来说，困难在于投资者<i>爱</i>叙事和故事。这不是我们的错。我们人类的大脑是这样硬连线的。自从我分享了我的2月份PayPal看跌视频以来，在Seeking Alpha报道PayPal的62篇文章中，还没有一篇“看跌”的文章被写出来。主要原因是 PayPal 的说法如此吸引人，以至于估值数字要么被忽视，要么围绕这些数字的假设不切实际。</blockquote></p><p> In this article, I'm going to share my current PayPal valuation based on earnings and earnings growth projections. I'll also share what I consider to be a fair value range for PayPal stock, and the price I would be looking to buy with a margin of safety. This is the same basic process I used to determine that PayPal stock was overvalued back in February of 2021.</p><p><blockquote>在本文中，我将分享我当前基于盈利和盈利增长预测的PayPal估值。我还将分享我认为PayPal股票的公允价值范围，以及我希望在安全边际下购买的价格。这与我在 2021 年 2 月确定PayPal股票被高估的基本过程相同。</blockquote></p><p> <b>Full-Cycle Earnings Analysis</b></p><p><blockquote><b>全周期盈利分析</b></blockquote></p><p> As part of the analysis, I calculate what I consider to be the two main drivers of future total returns: Market sentiment returns and business returns. I then combine those expected returns together in the form of a 10-year CAGR expectation and use that to value the stock.</p><p><blockquote>作为分析的一部分，我计算了我认为未来总回报的两个主要驱动因素：市场情绪回报和业务回报。然后，我将这些预期回报以 10 年 CAGR 预期的形式组合在一起，并用它来估值股票。</blockquote></p><p> Before I begin this analysis, I always check the business's long-term earnings patterns in order to ensure that the business is a proper fit for this sort of analysis. If the historical earnings 1) don't have a long enough history 2) are erratic in nature, or 3) are too cyclical, then I either avoid analyzing the stock altogether or I use a different type of analysis that is more appropriate.</p><p><blockquote>在我开始这种分析之前，我总是检查企业的长期盈利模式，以确保企业适合这种分析。如果历史收益 1) 没有足够长的历史 2) 本质上不稳定，或者 3) 周期性太强，那么我要么完全避免分析股票，要么使用更合适的不同类型的分析。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/70078307e65a5a1d0e37f9e70b726b77\" tg-width=\"640\" tg-height=\"490\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> We can see that since 2015 PayPal's earnings per share have increased every single year. This is a clear secular growth pattern and it makes the stock very attractive as a long-term investment. Since 2015 there haven't been any negative earnings growth years so the stock is likely a good fit for the type of earnings analysis I'm going to perform. One important question to ask, though, is that while we did have a brief recession in 2020, it was a very unusual one. It's possible that PayPal's business could be more economically sensitive during a longer, more drawn-out recession. So, that is a risk. However, when I examined how eBay (EBAY) performed in the 2008/9 recession, its earnings growth was basically flat, and never went negative. If I had to make a guess, I think PayPal's earnings growth rate would probably decline during a \"normal\" recession, but still wouldn't be especially cyclical. For those reasons, I'm going to go ahead with my Full-Cycle Earnings Analysis even though we don't have hard historical data from \"normal\" recession for PayPal.</p><p><blockquote>我们可以看到，自2015年以来，PayPal的每股收益每年都在增长。这是一个明确的长期增长模式，这使得该股作为长期投资非常有吸引力。自 2015 年以来，还没有出现过任何盈利负增长的年份，因此该股可能非常适合我要进行的盈利分析类型。不过，要问的一个重要问题是，虽然我们在2020年确实经历了短暂的衰退，但这是一次非常不寻常的衰退。在更长时间、更持久的衰退期间，PayPal 的业务可能会对经济更加敏感。所以，这是一个风险。然而，当我考察易贝（eBay）在2008/9年经济衰退中的表现时，其盈利增长基本持平，从未出现负增长。如果让我猜测的话，我认为PayPal的盈利增长率可能会在“正常”衰退期间下降，但仍然不会特别具有周期性。出于这些原因，我将继续进行我的全周期盈利分析，即使我们没有PayPal“正常”衰退的确切历史数据。</blockquote></p><p> <b>Market Sentiment Return Expectations</b></p><p><blockquote><b>市场情绪回报预期</b></blockquote></p><p></p><p> In order to estimate what sort of returns we might expect over the next 10 years, let's begin by examining what return we could expect 10 years from now if the P/E multiple were to revert to its mean from the previous economic cycle. Since we have had a recent recession (albeit an unusual one) I'm starting this cycle in fiscal year 2015 and running it through 2021's estimates.</p><p><blockquote>为了估算未来10年我们可能预期的回报，让我们首先研究一下，如果市盈率恢复到上一个经济周期的平均值，10年后我们可能预期的回报。由于我们最近经历了一场衰退（尽管是一次不寻常的衰退），我将在2015财年开始这个周期，并在2021年的预测中运行。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e36d2c3455962a02d96b8c88c32eadce\" tg-width=\"640\" tg-height=\"490\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> PayPal's average P/E from 2015 to the present has been a healthy 34.11 (the blue bar circled in gold on the FAST Graph). Using 2021's forward earnings estimates of $4.60 (also circled in gold), PayPal has a current P/E of 40.73. If that 40.73 P/E were to revert to the average P/E of 34.11 over the course of the next 10 years and everything else was held the same, PayPal's price would fall and it would produce a 10-Year CAGR of<b>-1.75%</b>. That's the annual return we can expect from sentiment mean reversion if it takes ten years to revert. If it takes less time to revert, the price could fall faster.</p><p><blockquote>从2015年到现在，PayPal的平均市盈率一直是健康的34.11（快速图上用金色圈出的蓝色条）。使用 2021 年的预期盈利 4.60 美元（也用金色圈出），PayPal目前的市盈率为 40.73。如果40.73市盈率在未来10年内恢复到34.11的平均市盈率，而其他条件保持不变，PayPal的价格将会下降，10年CAGR将为<b>-1.75%</b>如果情绪均值回归需要十年时间，这就是我们可以从情绪均值回归中预期的年回报。如果恢复时间短，价格可能会下跌得更快。</blockquote></p><p> <b>Business Earnings Expectations</b></p><p><blockquote><b>业务盈利预期</b></blockquote></p><p> We previously examined what would happen if market sentiment reverted to the mean. This is entirely determined by the mood of the market and is quite often disconnected, or only loosely connected, to the performance of the actual business. In this section, we will examine the actual earnings of the business. The goal here is simple: We want to know how much money we would earn (expressed in the form of a CAGR %) over the course of 10 years if we bought the business at today's prices and kept all of the earnings for ourselves.</p><p><blockquote>我们之前研究了如果市场情绪回归均值会发生什么。这完全由市场情绪决定，并且经常与实际业务的表现脱节，或者只是松散的联系。在本节中，我们将考察企业的实际收入。这里的目标很简单：我们想知道，如果我们以今天的价格收购业务并将所有收入留给自己，我们在10年内会赚多少钱（以CAGR%的形式表示）。</blockquote></p><p> There are two main components of this: the first is the earnings yield and the second is the rate at which the earnings can be expected to grow. Let's start with the earnings yield (which is an inverted P/E ratio, so, the Earnings/Price ratio). The current earnings yield is about +2.46%. The way I like to think about this is, if I bought the company's whole business right now for $100, I would earn $2.46 per year on my investment if earnings remained the same for the next 10 years.</p><p><blockquote>这有两个主要组成部分：第一个是收益收益率，第二个是预期收益增长率。让我们从市盈率（这是一个倒置的市盈率，因此，市盈率/市盈率）开始。目前的市盈率约为+2.46%。我喜欢这样想，如果我现在以100美元收购该公司的整个业务，如果未来10年收益保持不变，我每年将从投资中获得2.46美元。</blockquote></p><p> The next step is to estimate the company's earnings growth during this time period. I do that by figuring out at what rate earnings grew during the last cycle and applying that rate to the next 10 years. This involves calculating the EPS growth rate since 2015, taking into account each year's EPS growth or decline, and then backing out any share buybacks that occurred over that time period (because reducing shares will increase the EPS due to fewer shares).</p><p><blockquote>下一步是估算公司在此期间的盈利增长。我通过计算上一个周期的收益增长率，并将该增长率应用于未来 10 年来做到这一点。这包括计算2015年以来的每股收益增长率，考虑每年的每股收益增长或下降，然后退出该时间段内发生的任何股票回购（因为减少股票会增加每股收益，因为股票减少）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f31b7d8ed5f59c82c2531cc686324d1a\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Due to the scale of the graph, the buybacks look much bigger than they actually are, and there isn't much to adjust here. Additionally, since PayPal has grown earnings every year there are no earnings growth declines to adjust for either. This makes estimating PayPal's earnings growth a relatively straightforward affair, and I estimate PayPal's earnings growth at about +23.65%.</p><p><blockquote>由于图表的比例，回购看起来比实际大得多，这里没有太多需要调整的地方。此外，由于PayPal的盈利每年都在增长，因此两者都不需要盈利增长下降来调整。这使得估计 PayPal 的盈利增长变得相对简单，我估计 PayPal 的盈利增长约为 +23.65%。</blockquote></p><p> Now, this is the point where my conservatism when it comes to asking myself \"What is a reasonable expectation, for valuation purposes, going forward 10 years?\" It is very, very difficult for businesses to grow earnings over 20% per year for a full decade (particularly if they have already been doing that the previous decade). For that reason, I cap all of my long-term forward earnings growth estimates when using them for valuation purposes at 20%. This is simply a way to help keep me from overpaying for a stock when their P/E multiple is likely to contract over time. So, for this valuation exercise, I am limiting my earnings growth assumption to 20%.</p><p><blockquote>现在，这就是我的保守主义在问自己“出于估值目的，未来 10 年的合理预期是多少？”对于企业来说，在整整十年内每年增长超过20%的收益是非常非常困难的（特别是如果他们在过去十年中已经这样做了）。因此，我在将所有长期远期盈利增长预测用于估值时，将其上限设定为 20%。当股票的市盈率可能会随着时间的推移而收缩时，这只是一种帮助我避免为股票支付过高的费用的方法。因此，对于这次估值练习，我将盈利增长假设限制在 20%。</blockquote></p><p> Next, I'll apply that growth rate to current earnings, looking forward 10 years in order to get a final 10-year CAGR estimate. The way I think about this is, if I bought PayPal's whole business for $100, it would pay me back $2.46 plus +20.00% growth the first year, and that amount would grow at +20.00% per year for 10 years after that. I want to know how much money I would have in total at the end of 10 years on my $100 investment, which I calculate to be about $176.50 (including the original $100). When I plug that growth into a CAGR calculator, that translates to a<b>+5.85%</b>10-year CAGR estimate for the expected business earnings returns.</p><p><blockquote>接下来，我将把这个增长率应用于当前的收益，展望10年，以获得最终的10年CAGR估计。我的想法是，如果我花100美元收购PayPal的整个业务，它将在第一年偿还我2.46美元，外加+20.00%的增长率，此后10年，这笔金额将以+20.00%的速度每年增长。我想知道10年后我的100美元投资总共有多少钱，我计算大约是176.50美元（包括最初的100美元）。当我把增长率输入复合年增长率计算器时，就会转化为<b>+5.85%</b>预期业务收益回报的 10 年复合年增长率估计。</blockquote></p><p> <b>10-Year, Full-Cycle CAGR Estimate</b></p><p><blockquote><b>10 年全周期复合年增长率估计</b></blockquote></p><p></p><p> Potential future returns can come from two main places: market sentiment returns or business earnings returns. If we assume that market sentiment reverts to the mean from the last cycle over the next 10 years for PayPal, it will produce a -1.75% CAGR. If the earnings yield and growth are similar to the last cycle, the company should produce somewhere around a +5.85% 10-year CAGR. If we put the two together, we get an expected 10-year, full-cycle CAGR of<b>+4.10%</b>at today's price.</p><p><blockquote>潜在的未来回报可以来自两个主要来源：市场情绪回报或企业盈利回报。如果我们假设市场情绪在未来 10 年内恢复到上一个周期的平均值，那么PayPal的复合年增长率将达到 -1.75%。如果盈利收益率和增长与上一个周期相似，该公司的 10 年复合年增长率应该在 +5.85% 左右。如果我们把两者放在一起，我们得到的预期10年全周期CAGR为<b>+4.10%</b>以今天的价格。</blockquote></p><p> My Buy/Sell/Hold range for this category of stocks is: above a 12% CAGR is a Buy, below a 4% expected CAGR is a Sell, and in between 4% and 12% is a Hold. This puts PayPal stock just barely into the \"Hold\" category at today's price level.</p><p><blockquote>我对这类股票的买入/卖出/持有范围是：高于12%的CAGR是买入，低于4%的预期CAGR是卖出，4%到12%之间是持有。这使得PayPal股票在今天的价格水平上勉强进入“持有”类别。</blockquote></p><p> <b>Additional Considerations</b></p><p><blockquote><b>其他注意事项</b></blockquote></p><p> I consider PayPal one of the highest quality growth stocks in the market right now, which is why I've been monitoring its valuation relatively closely. In this section I'm going to share my fair value range for PayPal along with the price I would be willing to buy the stock with a margin of safety based on earnings, and also the price I would consider buying using a more aggressive and less conservative valuation approach. So, I'm going to look at PayPal's valuation from a variety of different perspectives to give us a clearer view of what might be an appropriate price to pay for the stock.</p><p><blockquote>我认为PayPal是目前市场上质量最高的成长型股票之一，这就是为什么我一直相对密切地关注其估值。在本节中，我将分享我对PayPal的公允价值范围，以及我愿意根据收益购买具有安全边际的股票的价格，以及我考虑使用更激进和不太保守的估值方法购买的价格。因此，我将从各种不同的角度来看待 PayPal 的估值，以便我们更清楚地了解购买该股票的合适价格。</blockquote></p><p> First, I'll start with my buy price and fair value range using the same assumptions and inputs I used in this article. If we use all of those same inputs my current fair value range for PayPal is about $126.50 to $164.00 per share. My current buy price that includes a margin of safety is $112.10. Investors who buy below that price have very good odds of great returns over the medium-term with the stock.</p><p><blockquote>首先，我将使用我在本文中使用的相同假设和输入，从我的购买价格和公允价值范围开始。如果我们使用所有这些相同的输入，我目前对PayPal的公允价值范围约为每股 126.50 美元至 164.00 美元。我目前的购买价格（包括安全边际）是 112.10 美元。低于该价格购买的投资者很有可能在中期内获得股票的丰厚回报。</blockquote></p><p> Once we get into the new year and 2022, I'll start pulling forward PayPal's 2022 earnings for my estimates. Right now, analysts expect $5.25 per share from earnings in 2022. That will improve PayPal's valuation a lot if the rest of their metrics remain the same, and it would raise their fair value range up to $145.00 to $187.50 dollars per share with a margin of safety buy price at $128.00 per share. This, of course, assumes analysts keep their estimates for 2022 in place and don't lower them over the next couple of months. It also means, based on future earnings, that in a month or two if PayPal keeps trading near its current price, it is already in the top end of a \"fair value\" price range. This might be a further reason for current owners to keep holding.</p><p><blockquote>一旦我们进入新的一年和 2022 年，我将开始提前预测 PayPal 2022 年的收益。目前，分析师预计 2022 年每股收益为 5.25 美元。如果 PayPal 的其他指标保持不变，这将大大提高 PayPal 的估值，并将其公允价值范围提高到每股 145.00 美元至 187.50 美元，安全边际买入价为每股 128.00 美元。当然，这是假设分析师保持对 2022 年的预期不变，并且在未来几个月内不会降低预期。这还意味着，根据未来的收益，如果PayPal在一两个月内继续在当前价格附近交易价格，它就已经处于“公允价值”价格范围的上端。这可能是当前所有者继续持有的另一个原因。</blockquote></p><p> The Full-Cycle Earnings analysis I used in this article is not the only type of analysis I use. For certain rare businesses with fast profit growth dynamics, I recently developed a new analysis to help identify fast-growing businesses that might never become cheap enough to buy based on earnings alone. The methods of this analysis are exclusive to my private service, The Cyclical Investor's Club, but since PayPal's profit growth is very strong, it actually qualifies for this type of analysis, too, and I thought I would at least share the sort of \"buy price\" that analysis produces because it's a little more aggressive than the earnings-based analysis.</p><p><blockquote>我在本文中使用的全周期收益分析并不是我使用的唯一类型的分析。对于某些具有快速利润增长势头的罕见企业，我最近开发了一种新的分析，以帮助识别快速增长的企业，这些企业可能永远不会变得便宜到仅仅根据收益来收购。这种分析方法是我的私人服务周期投资者俱乐部独有的，但由于 PayPal 的利润增长非常强劲，它实际上也有资格进行这种类型的分析，我想我至少会分享那种“买入价格”分析产生的，因为它比基于收益的分析更激进一些。</blockquote></p><p> When I examine PayPal using the profit growth analysis, it produces a buy price of $144.90. I find that interesting because if profits keep growing this quarter that price is likely to rise a little bit and put it pretty close to the middle of fair value using next year's earnings using my earnings-based method. This assumes that PayPal's metrics don't deteriorate between now and then, and there would be some technical requirements PayPal would have to meet as well, but I think the odds are good that by February of 2022 I could be a buyer of PayPal stock, approximately one year after I warned investors about its high valuation. It's going to be very interesting to see how it turns out.</p><p><blockquote>当我使用利润增长分析法检查PayPal时，它产生的买入价为 144.90 美元。我觉得这很有趣，因为如果本季度利润继续增长，价格可能会上涨一点，并使用我基于收益的方法，使用明年的收益，使其非常接近公允价值的中间位置。这是假设 PayPal 的指标从现在到那时不会恶化，并且PayPal也必须满足一些技术要求，但我认为到 2022 年 2 月，我很有可能成为PayPal股票的买家，大约一年后我就其高估值向投资者发出警告。看看结果会很有趣。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> I think PayPal's 2021 decline is an interesting and useful case study that goes beyond PayPal itself. The sort of decline we've seen in PayPal's stock price this year was entirely predictable and there are many other richly valued technology stocks that will experience a similar decline, likely in 2022 for most of them. For investors who are overweight these types of stocks, now is probably a time to consider diversifying in order to help keep the gains they have experienced the past couple of years. While there will be some overvalued stocks that simply stagnate for several years and go nowhere, and a rare few that manage to keep rising, the vast majority will experience declines like PayPal has experienced.</p><p><blockquote>我认为PayPal 2021年的下滑是一个有趣且有用的案例研究，超越了PayPal本身。我们今年看到的 PayPal 股价下跌是完全可以预见的，还有许多其他高估值科技股也会经历类似的下跌，其中大多数可能会在 2022 年下跌。对于跑赢大盘这类股票的投资者来说，现在可能是考虑多元化投资的时候了，以帮助保持过去几年的收益。虽然会有一些被高估的股票简单地停滞几年而一事无成，也有少数股票设法保持上涨，但绝大多数股票将经历像PayPal所经历的那样的下跌。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4474960-paypal-share-price-decline-overvalued-technology-stocks\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://seekingalpha.com/article/4474960-paypal-share-price-decline-overvalued-technology-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120286910","content_text":"Summary\n\nPayPal stock is down over -35% off this year's highs, and the stock still isn't cheap.\nI warned investors back in February of 2021 that PayPal was extremely overvalued and worth selling.\nThat warning could have been issued for dozens and dozens of overvalued technology stocks that still have over -50% downside from here within the next 3 years.\nPayPal remains a great company that I would like to own, so I analyze the stock in order to establish I price at which I'd be willing to buy it.\n\nBsWei/iStock via Getty Images\nIntroduction\nBack on February 6th, 2021, I made a video where I shared with investors why PayPal (PYPL) stock was overvalued enough to sell. I shared that video on my Seeking Alpha bloghere. Since that time, PayPal has performed poorly both on an absolute basis and relative to the S&P 500 (SPY).\nData by YCharts\nThe stock price is down about -30% since I warned investors and down about -38% off its high price of the year.\nThe truth is that I could have issued the same warning about many other technology stocks that had become overvalued, but PayPal was one that I actually wanted to buy if the price ever fell to a reasonable level. It was a case where there was absolutely nothing wrong with the company. There was no bad story to tell. The price had simply gotten insanely overvalued. It didn't matter how good the story around PayPal was back in February. Numbers almost always trump narrative over the long-term. And the numbers back then didn't make sense.\nThis should be an important lesson for medium and long-term investors. If the numbers don't work, it doesn't matter what the story is.\nThe difficultly for a stock writer like myself is that investorslovenarratives and stories. It's not our fault. Our human brains are hardwired that way. Since I shared my bearish February PayPal video, out of 62 articles on Seeking Alpha covering PayPal, there hasn't been a single \"Bearish\" article written. The primary reason for that is because PayPal's narrative was so appealing that valuation numbers were either ignored, or the assumptions around the numbers were not realistic.\nIn this article, I'm going to share my current PayPal valuation based on earnings and earnings growth projections. I'll also share what I consider to be a fair value range for PayPal stock, and the price I would be looking to buy with a margin of safety. This is the same basic process I used to determine that PayPal stock was overvalued back in February of 2021.\nFull-Cycle Earnings Analysis\nAs part of the analysis, I calculate what I consider to be the two main drivers of future total returns: Market sentiment returns and business returns. I then combine those expected returns together in the form of a 10-year CAGR expectation and use that to value the stock.\nBefore I begin this analysis, I always check the business's long-term earnings patterns in order to ensure that the business is a proper fit for this sort of analysis. If the historical earnings 1) don't have a long enough history 2) are erratic in nature, or 3) are too cyclical, then I either avoid analyzing the stock altogether or I use a different type of analysis that is more appropriate.\n\nWe can see that since 2015 PayPal's earnings per share have increased every single year. This is a clear secular growth pattern and it makes the stock very attractive as a long-term investment. Since 2015 there haven't been any negative earnings growth years so the stock is likely a good fit for the type of earnings analysis I'm going to perform. One important question to ask, though, is that while we did have a brief recession in 2020, it was a very unusual one. It's possible that PayPal's business could be more economically sensitive during a longer, more drawn-out recession. So, that is a risk. However, when I examined how eBay (EBAY) performed in the 2008/9 recession, its earnings growth was basically flat, and never went negative. If I had to make a guess, I think PayPal's earnings growth rate would probably decline during a \"normal\" recession, but still wouldn't be especially cyclical. For those reasons, I'm going to go ahead with my Full-Cycle Earnings Analysis even though we don't have hard historical data from \"normal\" recession for PayPal.\nMarket Sentiment Return Expectations\nIn order to estimate what sort of returns we might expect over the next 10 years, let's begin by examining what return we could expect 10 years from now if the P/E multiple were to revert to its mean from the previous economic cycle. Since we have had a recent recession (albeit an unusual one) I'm starting this cycle in fiscal year 2015 and running it through 2021's estimates.\n\nPayPal's average P/E from 2015 to the present has been a healthy 34.11 (the blue bar circled in gold on the FAST Graph). Using 2021's forward earnings estimates of $4.60 (also circled in gold), PayPal has a current P/E of 40.73. If that 40.73 P/E were to revert to the average P/E of 34.11 over the course of the next 10 years and everything else was held the same, PayPal's price would fall and it would produce a 10-Year CAGR of-1.75%. That's the annual return we can expect from sentiment mean reversion if it takes ten years to revert. If it takes less time to revert, the price could fall faster.\nBusiness Earnings Expectations\nWe previously examined what would happen if market sentiment reverted to the mean. This is entirely determined by the mood of the market and is quite often disconnected, or only loosely connected, to the performance of the actual business. In this section, we will examine the actual earnings of the business. The goal here is simple: We want to know how much money we would earn (expressed in the form of a CAGR %) over the course of 10 years if we bought the business at today's prices and kept all of the earnings for ourselves.\nThere are two main components of this: the first is the earnings yield and the second is the rate at which the earnings can be expected to grow. Let's start with the earnings yield (which is an inverted P/E ratio, so, the Earnings/Price ratio). The current earnings yield is about +2.46%. The way I like to think about this is, if I bought the company's whole business right now for $100, I would earn $2.46 per year on my investment if earnings remained the same for the next 10 years.\nThe next step is to estimate the company's earnings growth during this time period. I do that by figuring out at what rate earnings grew during the last cycle and applying that rate to the next 10 years. This involves calculating the EPS growth rate since 2015, taking into account each year's EPS growth or decline, and then backing out any share buybacks that occurred over that time period (because reducing shares will increase the EPS due to fewer shares).\nData by YCharts\nDue to the scale of the graph, the buybacks look much bigger than they actually are, and there isn't much to adjust here. Additionally, since PayPal has grown earnings every year there are no earnings growth declines to adjust for either. This makes estimating PayPal's earnings growth a relatively straightforward affair, and I estimate PayPal's earnings growth at about +23.65%.\nNow, this is the point where my conservatism when it comes to asking myself \"What is a reasonable expectation, for valuation purposes, going forward 10 years?\" It is very, very difficult for businesses to grow earnings over 20% per year for a full decade (particularly if they have already been doing that the previous decade). For that reason, I cap all of my long-term forward earnings growth estimates when using them for valuation purposes at 20%. This is simply a way to help keep me from overpaying for a stock when their P/E multiple is likely to contract over time. So, for this valuation exercise, I am limiting my earnings growth assumption to 20%.\nNext, I'll apply that growth rate to current earnings, looking forward 10 years in order to get a final 10-year CAGR estimate. The way I think about this is, if I bought PayPal's whole business for $100, it would pay me back $2.46 plus +20.00% growth the first year, and that amount would grow at +20.00% per year for 10 years after that. I want to know how much money I would have in total at the end of 10 years on my $100 investment, which I calculate to be about $176.50 (including the original $100). When I plug that growth into a CAGR calculator, that translates to a+5.85%10-year CAGR estimate for the expected business earnings returns.\n10-Year, Full-Cycle CAGR Estimate\nPotential future returns can come from two main places: market sentiment returns or business earnings returns. If we assume that market sentiment reverts to the mean from the last cycle over the next 10 years for PayPal, it will produce a -1.75% CAGR. If the earnings yield and growth are similar to the last cycle, the company should produce somewhere around a +5.85% 10-year CAGR. If we put the two together, we get an expected 10-year, full-cycle CAGR of+4.10%at today's price.\nMy Buy/Sell/Hold range for this category of stocks is: above a 12% CAGR is a Buy, below a 4% expected CAGR is a Sell, and in between 4% and 12% is a Hold. This puts PayPal stock just barely into the \"Hold\" category at today's price level.\nAdditional Considerations\nI consider PayPal one of the highest quality growth stocks in the market right now, which is why I've been monitoring its valuation relatively closely. In this section I'm going to share my fair value range for PayPal along with the price I would be willing to buy the stock with a margin of safety based on earnings, and also the price I would consider buying using a more aggressive and less conservative valuation approach. So, I'm going to look at PayPal's valuation from a variety of different perspectives to give us a clearer view of what might be an appropriate price to pay for the stock.\nFirst, I'll start with my buy price and fair value range using the same assumptions and inputs I used in this article. If we use all of those same inputs my current fair value range for PayPal is about $126.50 to $164.00 per share. My current buy price that includes a margin of safety is $112.10. Investors who buy below that price have very good odds of great returns over the medium-term with the stock.\nOnce we get into the new year and 2022, I'll start pulling forward PayPal's 2022 earnings for my estimates. Right now, analysts expect $5.25 per share from earnings in 2022. That will improve PayPal's valuation a lot if the rest of their metrics remain the same, and it would raise their fair value range up to $145.00 to $187.50 dollars per share with a margin of safety buy price at $128.00 per share. This, of course, assumes analysts keep their estimates for 2022 in place and don't lower them over the next couple of months. It also means, based on future earnings, that in a month or two if PayPal keeps trading near its current price, it is already in the top end of a \"fair value\" price range. This might be a further reason for current owners to keep holding.\nThe Full-Cycle Earnings analysis I used in this article is not the only type of analysis I use. For certain rare businesses with fast profit growth dynamics, I recently developed a new analysis to help identify fast-growing businesses that might never become cheap enough to buy based on earnings alone. The methods of this analysis are exclusive to my private service, The Cyclical Investor's Club, but since PayPal's profit growth is very strong, it actually qualifies for this type of analysis, too, and I thought I would at least share the sort of \"buy price\" that analysis produces because it's a little more aggressive than the earnings-based analysis.\nWhen I examine PayPal using the profit growth analysis, it produces a buy price of $144.90. I find that interesting because if profits keep growing this quarter that price is likely to rise a little bit and put it pretty close to the middle of fair value using next year's earnings using my earnings-based method. This assumes that PayPal's metrics don't deteriorate between now and then, and there would be some technical requirements PayPal would have to meet as well, but I think the odds are good that by February of 2022 I could be a buyer of PayPal stock, approximately one year after I warned investors about its high valuation. It's going to be very interesting to see how it turns out.\nConclusion\nI think PayPal's 2021 decline is an interesting and useful case study that goes beyond PayPal itself. The sort of decline we've seen in PayPal's stock price this year was entirely predictable and there are many other richly valued technology stocks that will experience a similar decline, likely in 2022 for most of them. For investors who are overweight these types of stocks, now is probably a time to consider diversifying in order to help keep the gains they have experienced the past couple of years. While there will be some overvalued stocks that simply stagnate for several years and go nowhere, and a rare few that manage to keep rising, the vast majority will experience declines like PayPal has experienced.","news_type":1,"symbols_score_info":{"PYPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3491,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604157346,"gmtCreate":1639362414689,"gmtModify":1639362414947,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604157346","repostId":"1171271872","repostType":4,"repost":{"id":"1171271872","kind":"news","pubTimestamp":1639348466,"share":"https://www.laohunote.com/m/news/1171271872?lang=zh_CN&edition=full","pubTime":"2021-12-13 06:34","market":"us","language":"en","title":"Rivian,Adobe,FedEx,Lennar,Campbell Soup,and Other Stocks to Watch This Week<blockquote>Rivian、Adobe、FedEx、Lenner、Campbell Soup 和本周值得关注的其他股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1171271872","media":"Barrons","summary":"The main event for investors this week will be the Federal Reserve’s rate-setting committee’s last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.The Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.Earnings reports this week are few, but will include Campbell Soup on Tuesday;Lennar,Accenture,FedEx,Rivian Automotive, and Adobe on Thursday; and","content":"<p>The main event for investors this week will be the Federal Reserve’s rate-setting committee’s&nbsp;last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.</p><p><blockquote>本周投资者的主要活动将是美联储利率制定委员会 2021 年的最后一次会议。官员们最近的评论更加鹰派，可能会宣布加速每月资产购买缩减规模的计划。</blockquote></p><p> The Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.</p><p><blockquote>联邦公开市场委员会为期两天的会议将于周二和周三举行。</blockquote></p><p> Earnings reports this week are few, but will include&nbsp;Campbell Soup&nbsp;on Tuesday;Lennar,Accenture,FedEx,Rivian&nbsp;Automotive, and&nbsp;Adobe&nbsp;on Thursday; and&nbsp;Darden Restaurants&nbsp;on Friday.</p><p><blockquote>本周的财报很少，但将包括周二的金宝汤；Lenner、埃森哲、联邦快递、Rivian Automotive 和 Adobe 周四；周五的达顿餐厅。</blockquote></p><p> Economic data coming out this week includes the Bureau of Labor Statistics’ producer price index for November on Tuesday. Economists expect a 0.55% month-over-month rise for the headline index and a 0.4% gain for the core PPI. Those would both roughly match October’s pace of producer inflation.</p><p><blockquote>本周公布的经济数据包括美国劳工统计局周二公布的 11 月份生产者价格指数。经济学家预计总体指数环比上涨0.55%，核心PPI上涨0.4%。这两者都将大致与 10 月份的生产者通胀率持平。</blockquote></p><p> Other data releases include the National Federation of Independent Businesses’ sentiment&nbsp;index on Tuesday, November retail-sales spending from the Census Bureau on Wednesday, and the November housing starts on Thursday.</p><p><blockquote>其他数据还包括周二公布的全国独立企业联合会（National Federation of Independent Businesses）的情绪指数、周三公布的人口普查局（Census Bureau）的 11 月份零售销售支出以及周四公布的 11 月份房屋开工数据。</blockquote></p><p> <b>Monday 12/13</b></p><p><blockquote><b>12/13星期一</b></blockquote></p><p> J.Jill&nbsp;and&nbsp;PHX Minerals&nbsp;host earnings conference calls.</p><p><blockquote>J.Jill 和 PHX Minerals 在评级举办盈利会议。</blockquote></p><p> <b>Tuesday 12/14</b></p><p><blockquote><b>星期二 12/14</b></blockquote></p><p> Campbell Soup, Barnes Group, and&nbsp;Avaya Holdings&nbsp;host investor days.</p><p><blockquote>Campbell Soup、Barnes Group 和 Avaya Holdings 举办投资者日。</blockquote></p><p> <b>The Bureau of Labor</b>&nbsp;Statistics releases the producer price index for November. Consensus estimate is for a 0.55% month-over-month rise, and for the core PPI, which excludes food and energy, to gain 0.4%. This compares with increases of 0.6% and 0.4%, respectively, in October.</p><p><blockquote><b>劳工局</b>统计局发布了11月份的生产者价格指数。普遍预计环比上涨 0.55%，不包括食品和能源的核心 PPI 将上涨 0.4%。相比之下，10 月份分别增长了 0.6% 和 0.4%。</blockquote></p><p> <b>The National Federation</b>&nbsp;of Independent Businesses reports its index, which surveys about 5,000 small-business owners across the country, for November. Expectations call for a reading of 98.3, compared with 98.2 in October.</p><p><blockquote><b>全国联合会</b>独立企业报告了11月份的指数，该指数调查了全国约5000名小企业主。看涨期权的预期读数为98.3，而10月份为98.2。</blockquote></p><p> <b>Wednesday 12/15</b></p><p><blockquote><b>12/15星期三</b></blockquote></p><p> <b>The Federal Open Market Committee</b> concludes its two-day meeting, when policy makers will discuss accelerating the timetable for tapering monthly securities purchases.</p><p><blockquote><b>联邦公开市场委员会</b>结束为期两天的会议，政策制定者将讨论加快逐步减少每月证券购买的时间表。</blockquote></p><p> <b>The BLS reports</b> export and import price data for November. Expectations are for a 0.5% month-over-month rise in export prices, while import prices are seen increasing 0.5%. This compares with gains of 1.5% and 1.2%, respectively, in October.</p><p><blockquote><b>BLS报告</b>11月份进出口价格数据。预计出口价格将环比上涨 0.5%，而进口价格将上涨 0.5%。相比之下，10 月份的涨幅分别为 1.5% 和 1.2%。</blockquote></p><p> <b>The National Association</b> of Home Builders releases its NAHB/Wells Fargo Housing Market Index for December. Consensus estimate is for an 84 reading, compared with an 83 reading in November. The index peaked at 90 late last year, and home builders remain bullish on the housing market.</p><p><blockquote><b>全国协会</b>住宅建筑商发布了12月份的NAHB/富国银行住房市场指数。普遍估计读数为84，而11月份的读数为83。该指数去年底达到90的峰值，房屋建筑商仍然看好房地产市场。</blockquote></p><p> <b>The Census Bureau</b> reports on retail-sales spending for November. Expectations are for a seasonally adjusted 0.7% month-over-month increase in retail sales, compared with a 1.7% rise in October. Excluding autos, spending is seen rising 0.8%, compared with 1.7% in the previous period.</p><p><blockquote><b>人口普查局</b>11 月份零售支出报告。经季节性调整后，预计零售额环比增长 0.7%，而 10 月份为 1.7%。不包括汽车，支出预计增长 0.8%，而上一时期为 1.7%。</blockquote></p><p> <b>Thursday 12/16</b></p><p><blockquote><b>星期四 12/16</b></blockquote></p><p> Heico,Lennar, Accenture, FedEx, Jabil, Adobe, Rivian Automotive, and Nordson are among companies hosting earnings conference calls.</p><p><blockquote>Heico、Lennar、埃森哲、联邦快递、捷普、Adobe、Rivian汽车和诺信等公司在评级举办了财报会议。</blockquote></p><p> <b>The Census Bureau</b>releases its New Residential Construction report for November. The seasonally adjusted annual rate of housing starts is expected to be 1.563 million units, compared with 1.52 million in October. A housing start is counted when excavation begins on a home. Permits issued for new-home construction are expected to be 1.655 million, compared with 1.653 million in October.</p><p><blockquote><b>人口普查局</b>发布11月份新的住宅建设报告。经季节性调整后的新屋开工率预计为156.3万套，而10月份为152万套。当房屋开始挖掘时，房屋开始计算。新房建设许可证预计为165.5万份，而10月份为165.3万份。</blockquote></p><p> <b>The Bank of England</b> announces its interest-rate decision and publishes the minutes of the meeting.</p><p><blockquote><b>英格兰银行</b>宣布利率决定并公布会议纪要。</blockquote></p><p> <b>The Federal Reserve</b> releases industrial production data for November. Economists are looking for a 0.6% rise, after a 1.6% increase in October. Capacity utilization is expected at 76.8, roughly in line with October’s 76.4%.</p><p><blockquote><b>美联储</b>公布11月份工业生产数据。继 10 月份上涨 1.6% 之后，经济学家预计上涨 0.6%。产能利用率预计为 76.8%，与 10 月份的 76.4% 大致持平。</blockquote></p><p> <b>Friday 12/17</b></p><p><blockquote><b>12/17星期五</b></blockquote></p><p> Steelcase,Darden Restaurants, and&nbsp;Quanex Building Products&nbsp;host earnings conference calls.</p><p><blockquote>Steelcase、Darden Restaurants 和 Quanex Building Products 在评级举办财报会议。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rivian,Adobe,FedEx,Lennar,Campbell Soup,and Other Stocks to Watch This Week<blockquote>Rivian、Adobe、FedEx、Lenner、Campbell Soup 和本周值得关注的其他股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRivian,Adobe,FedEx,Lennar,Campbell Soup,and Other Stocks to Watch This Week<blockquote>Rivian、Adobe、FedEx、Lenner、Campbell Soup 和本周值得关注的其他股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-13 06:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The main event for investors this week will be the Federal Reserve’s rate-setting committee’s&nbsp;last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.</p><p><blockquote>本周投资者的主要活动将是美联储利率制定委员会 2021 年的最后一次会议。官员们最近的评论更加鹰派，可能会宣布加速每月资产购买缩减规模的计划。</blockquote></p><p> The Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.</p><p><blockquote>联邦公开市场委员会为期两天的会议将于周二和周三举行。</blockquote></p><p> Earnings reports this week are few, but will include&nbsp;Campbell Soup&nbsp;on Tuesday;Lennar,Accenture,FedEx,Rivian&nbsp;Automotive, and&nbsp;Adobe&nbsp;on Thursday; and&nbsp;Darden Restaurants&nbsp;on Friday.</p><p><blockquote>本周的财报很少，但将包括周二的金宝汤；Lenner、埃森哲、联邦快递、Rivian Automotive 和 Adobe 周四；周五的达顿餐厅。</blockquote></p><p> Economic data coming out this week includes the Bureau of Labor Statistics’ producer price index for November on Tuesday. Economists expect a 0.55% month-over-month rise for the headline index and a 0.4% gain for the core PPI. Those would both roughly match October’s pace of producer inflation.</p><p><blockquote>本周公布的经济数据包括美国劳工统计局周二公布的 11 月份生产者价格指数。经济学家预计总体指数环比上涨0.55%，核心PPI上涨0.4%。这两者都将大致与 10 月份的生产者通胀率持平。</blockquote></p><p> Other data releases include the National Federation of Independent Businesses’ sentiment&nbsp;index on Tuesday, November retail-sales spending from the Census Bureau on Wednesday, and the November housing starts on Thursday.</p><p><blockquote>其他数据还包括周二公布的全国独立企业联合会（National Federation of Independent Businesses）的情绪指数、周三公布的人口普查局（Census Bureau）的 11 月份零售销售支出以及周四公布的 11 月份房屋开工数据。</blockquote></p><p> <b>Monday 12/13</b></p><p><blockquote><b>12/13星期一</b></blockquote></p><p> J.Jill&nbsp;and&nbsp;PHX Minerals&nbsp;host earnings conference calls.</p><p><blockquote>J.Jill 和 PHX Minerals 在评级举办盈利会议。</blockquote></p><p> <b>Tuesday 12/14</b></p><p><blockquote><b>星期二 12/14</b></blockquote></p><p> Campbell Soup, Barnes Group, and&nbsp;Avaya Holdings&nbsp;host investor days.</p><p><blockquote>Campbell Soup、Barnes Group 和 Avaya Holdings 举办投资者日。</blockquote></p><p> <b>The Bureau of Labor</b>&nbsp;Statistics releases the producer price index for November. Consensus estimate is for a 0.55% month-over-month rise, and for the core PPI, which excludes food and energy, to gain 0.4%. This compares with increases of 0.6% and 0.4%, respectively, in October.</p><p><blockquote><b>劳工局</b>统计局发布了11月份的生产者价格指数。普遍预计环比上涨 0.55%，不包括食品和能源的核心 PPI 将上涨 0.4%。相比之下，10 月份分别增长了 0.6% 和 0.4%。</blockquote></p><p> <b>The National Federation</b>&nbsp;of Independent Businesses reports its index, which surveys about 5,000 small-business owners across the country, for November. Expectations call for a reading of 98.3, compared with 98.2 in October.</p><p><blockquote><b>全国联合会</b>独立企业报告了11月份的指数，该指数调查了全国约5000名小企业主。看涨期权的预期读数为98.3，而10月份为98.2。</blockquote></p><p> <b>Wednesday 12/15</b></p><p><blockquote><b>12/15星期三</b></blockquote></p><p> <b>The Federal Open Market Committee</b> concludes its two-day meeting, when policy makers will discuss accelerating the timetable for tapering monthly securities purchases.</p><p><blockquote><b>联邦公开市场委员会</b>结束为期两天的会议，政策制定者将讨论加快逐步减少每月证券购买的时间表。</blockquote></p><p> <b>The BLS reports</b> export and import price data for November. Expectations are for a 0.5% month-over-month rise in export prices, while import prices are seen increasing 0.5%. This compares with gains of 1.5% and 1.2%, respectively, in October.</p><p><blockquote><b>BLS报告</b>11月份进出口价格数据。预计出口价格将环比上涨 0.5%，而进口价格将上涨 0.5%。相比之下，10 月份的涨幅分别为 1.5% 和 1.2%。</blockquote></p><p> <b>The National Association</b> of Home Builders releases its NAHB/Wells Fargo Housing Market Index for December. Consensus estimate is for an 84 reading, compared with an 83 reading in November. The index peaked at 90 late last year, and home builders remain bullish on the housing market.</p><p><blockquote><b>全国协会</b>住宅建筑商发布了12月份的NAHB/富国银行住房市场指数。普遍估计读数为84，而11月份的读数为83。该指数去年底达到90的峰值，房屋建筑商仍然看好房地产市场。</blockquote></p><p> <b>The Census Bureau</b> reports on retail-sales spending for November. Expectations are for a seasonally adjusted 0.7% month-over-month increase in retail sales, compared with a 1.7% rise in October. Excluding autos, spending is seen rising 0.8%, compared with 1.7% in the previous period.</p><p><blockquote><b>人口普查局</b>11 月份零售支出报告。经季节性调整后，预计零售额环比增长 0.7%，而 10 月份为 1.7%。不包括汽车，支出预计增长 0.8%，而上一时期为 1.7%。</blockquote></p><p> <b>Thursday 12/16</b></p><p><blockquote><b>星期四 12/16</b></blockquote></p><p> Heico,Lennar, Accenture, FedEx, Jabil, Adobe, Rivian Automotive, and Nordson are among companies hosting earnings conference calls.</p><p><blockquote>Heico、Lennar、埃森哲、联邦快递、捷普、Adobe、Rivian汽车和诺信等公司在评级举办了财报会议。</blockquote></p><p> <b>The Census Bureau</b>releases its New Residential Construction report for November. The seasonally adjusted annual rate of housing starts is expected to be 1.563 million units, compared with 1.52 million in October. A housing start is counted when excavation begins on a home. Permits issued for new-home construction are expected to be 1.655 million, compared with 1.653 million in October.</p><p><blockquote><b>人口普查局</b>发布11月份新的住宅建设报告。经季节性调整后的新屋开工率预计为156.3万套，而10月份为152万套。当房屋开始挖掘时，房屋开始计算。新房建设许可证预计为165.5万份，而10月份为165.3万份。</blockquote></p><p> <b>The Bank of England</b> announces its interest-rate decision and publishes the minutes of the meeting.</p><p><blockquote><b>英格兰银行</b>宣布利率决定并公布会议纪要。</blockquote></p><p> <b>The Federal Reserve</b> releases industrial production data for November. Economists are looking for a 0.6% rise, after a 1.6% increase in October. Capacity utilization is expected at 76.8, roughly in line with October’s 76.4%.</p><p><blockquote><b>美联储</b>公布11月份工业生产数据。继 10 月份上涨 1.6% 之后，经济学家预计上涨 0.6%。产能利用率预计为 76.8%，与 10 月份的 76.4% 大致持平。</blockquote></p><p> <b>Friday 12/17</b></p><p><blockquote><b>12/17星期五</b></blockquote></p><p> Steelcase,Darden Restaurants, and&nbsp;Quanex Building Products&nbsp;host earnings conference calls.</p><p><blockquote>Steelcase、Darden Restaurants 和 Quanex Building Products 在评级举办财报会议。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stocks-to-watch-this-week-fedex-rivian-lennar-campbell-adobe-51639330550?mod=hp_LEAD_3\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","RIVN":"Rivian Automotive, Inc.","DRI":"达登饭店","LEN":"莱纳建筑公司","CPB":"金宝汤","JILL":"J.Jill Inc.",".SPX":"S&P 500 Index","ACN":"埃森哲","HEI":"海科航空",".DJI":"道琼斯","PHX":"潘汉德尔油气","ADBE":"Adobe","FDX":"联邦快递"},"source_url":"https://www.barrons.com/articles/stocks-to-watch-this-week-fedex-rivian-lennar-campbell-adobe-51639330550?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171271872","content_text":"The main event for investors this week will be the Federal Reserve’s rate-setting committee’s last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.\nThe Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.\nEarnings reports this week are few, but will include Campbell Soup on Tuesday;Lennar,Accenture,FedEx,Rivian Automotive, and Adobe on Thursday; and Darden Restaurants on Friday.\nEconomic data coming out this week includes the Bureau of Labor Statistics’ producer price index for November on Tuesday. Economists expect a 0.55% month-over-month rise for the headline index and a 0.4% gain for the core PPI. Those would both roughly match October’s pace of producer inflation.\nOther data releases include the National Federation of Independent Businesses’ sentiment index on Tuesday, November retail-sales spending from the Census Bureau on Wednesday, and the November housing starts on Thursday.\nMonday 12/13\nJ.Jill and PHX Minerals host earnings conference calls.\nTuesday 12/14\nCampbell Soup, Barnes Group, and Avaya Holdings host investor days.\nThe Bureau of Labor Statistics releases the producer price index for November. Consensus estimate is for a 0.55% month-over-month rise, and for the core PPI, which excludes food and energy, to gain 0.4%. This compares with increases of 0.6% and 0.4%, respectively, in October.\nThe National Federation of Independent Businesses reports its index, which surveys about 5,000 small-business owners across the country, for November. Expectations call for a reading of 98.3, compared with 98.2 in October.\nWednesday 12/15\nThe Federal Open Market Committee concludes its two-day meeting, when policy makers will discuss accelerating the timetable for tapering monthly securities purchases.\nThe BLS reports export and import price data for November. Expectations are for a 0.5% month-over-month rise in export prices, while import prices are seen increasing 0.5%. This compares with gains of 1.5% and 1.2%, respectively, in October.\nThe National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for December. Consensus estimate is for an 84 reading, compared with an 83 reading in November. The index peaked at 90 late last year, and home builders remain bullish on the housing market.\nThe Census Bureau reports on retail-sales spending for November. Expectations are for a seasonally adjusted 0.7% month-over-month increase in retail sales, compared with a 1.7% rise in October. Excluding autos, spending is seen rising 0.8%, compared with 1.7% in the previous period.\nThursday 12/16\nHeico,Lennar, Accenture, FedEx, Jabil, Adobe, Rivian Automotive, and Nordson are among companies hosting earnings conference calls.\nThe Census Bureaureleases its New Residential Construction report for November. The seasonally adjusted annual rate of housing starts is expected to be 1.563 million units, compared with 1.52 million in October. A housing start is counted when excavation begins on a home. Permits issued for new-home construction are expected to be 1.655 million, compared with 1.653 million in October.\nThe Bank of England announces its interest-rate decision and publishes the minutes of the meeting.\nThe Federal Reserve releases industrial production data for November. Economists are looking for a 0.6% rise, after a 1.6% increase in October. Capacity utilization is expected at 76.8, roughly in line with October’s 76.4%.\nFriday 12/17\nSteelcase,Darden Restaurants, and Quanex Building Products host earnings conference calls.","news_type":1,"symbols_score_info":{"FDX":0.9,"ADBE":0.9,"JILL":0.9,".IXIC":0.9,"CPB":0.9,"AVYA":0.9,"HEI":0.9,"PHX":0.9,"RIVN":0.9,".SPX":0.9,".DJI":0.9,"DRI":0.9,"LEN":0.9,"ACN":0.9,"SCS":0.9}},"isVote":1,"tweetType":1,"viewCount":3426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604057849,"gmtCreate":1639288513309,"gmtModify":1639288513526,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/604057849","repostId":"1103250344","repostType":4,"repost":{"id":"1103250344","kind":"news","pubTimestamp":1639280672,"share":"https://www.laohunote.com/m/news/1103250344?lang=zh_CN&edition=full","pubTime":"2021-12-12 11:44","market":"sh","language":"en","title":"US IPO Week Ahead: IoT solutions, wine, and satellites in a 3 IPO week<blockquote>美国 IPO 周即将到来：物联网解决方案、葡萄酒和卫星在 IPO 第三周</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103250344","media":"renaissancecap...","summary":"The IPO market is expected to stay relatively quiet in the week ahead with three IPOs scheduled to r","content":"<p>The IPO market is expected to stay relatively quiet in the week ahead with three IPOs scheduled to raise $789 million.</p><p><blockquote>预计未来一周IPO市场将保持相对平静，三次IPO计划筹集7.89亿美元。</blockquote></p><p> IoT solutions developer<b>Samsara</b>(IOT) plans to raise $753 million at an $11.6 billion market cap. This \"internet-of-things\" company provides a cloud-based platform that connects the assets of businesses with physical operations, enhancing operational efficiency and asset and employee productivity. Fast growing but highly unprofitable, Samsara saw double-digit growth for customers with $100k+ ARR in the 9mo FY22.</p><p><blockquote>物联网解决方案开发商<b>轮回</b>（物联网）计划以116亿美元的市值筹集7.53亿美元。这家“物联网”公司提供了一个基于云的平台，将企业的资产与物理运营连接起来，提高了运营效率以及资产和员工的生产力。快速增长但高度无利可图，Samsara 在 2022 财年的 9 个月中，ARR 超过 10 万美元的客户实现了两位数的增长。</blockquote></p><p> Wine brand<b>Fresh Vine Wine</b>(VINE) plans to raise $21 million at a $116 million market cap. This celebrity-founded company produces low carb, low calorie premium wines. Growing but highly unprofitable, Fresh Vine sells its wines through wholesale, retail, and DTC channels, and is able to conduct wholesale distribution in all 50 states and Puerto Rico.</p><p><blockquote>葡萄酒品牌<b>新鲜葡萄酒</b>(VINE) 计划以 1.16 亿美元的市值筹集 2100 万美元。这家名人创办的公司生产低碳水化合物、低热量的优质葡萄酒。Fresh Vine正在增长，但非常无利可图，它通过批发、零售和DTC渠道销售葡萄酒，并能够在所有50个州和波多黎各进行批发分销。</blockquote></p><p> Micro-cap satellite developer<b>Sidus Space</b>(SIDU) plans to raise $15 million at an $81 million market cap. This company provides commercial satellite services such as design, manufacture, launch, and data collection. &nbsp;Sidus Space has generated space-related manufacturing revenues to date, but is highly unprofitable with negative gross margin in the 9mo21.</p><p><blockquote>微帽卫星显影剂<b>Sidus空间</b>（SIDU）计划以8100万美元的市值筹集1500万美元。该公司提供商业卫星服务，如设计、制造、发射和数据收集。Sidus Space 迄今为止已产生与航天相关的制造收入，但在 2021 年 9 月毛利率为负，高度无利可图。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ead80e54642569e2b7b368c8d50dc265\" tg-width=\"1409\" tg-height=\"457\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","source":"lsy1619493174116","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>US IPO Week Ahead: IoT solutions, wine, and satellites in a 3 IPO week<blockquote>美国 IPO 周即将到来：物联网解决方案、葡萄酒和卫星在 IPO 第三周</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\">\nUS IPO Week Ahead: IoT solutions, wine, and satellites in a 3 IPO week<blockquote>美国 IPO 周即将到来：物联网解决方案、葡萄酒和卫星在 IPO 第三周</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">renaissancecap...</strong><span class=\"h-time small\">2021-12-12 11:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The IPO market is expected to stay relatively quiet in the week ahead with three IPOs scheduled to raise $789 million.</p><p><blockquote>预计未来一周IPO市场将保持相对平静，三次IPO计划筹集7.89亿美元。</blockquote></p><p> IoT solutions developer<b>Samsara</b>(IOT) plans to raise $753 million at an $11.6 billion market cap. This \"internet-of-things\" company provides a cloud-based platform that connects the assets of businesses with physical operations, enhancing operational efficiency and asset and employee productivity. Fast growing but highly unprofitable, Samsara saw double-digit growth for customers with $100k+ ARR in the 9mo FY22.</p><p><blockquote>物联网解决方案开发商<b>轮回</b>（物联网）计划以116亿美元的市值筹集7.53亿美元。这家“物联网”公司提供了一个基于云的平台，将企业的资产与物理运营连接起来，提高了运营效率以及资产和员工的生产力。快速增长但高度无利可图，Samsara 在 2022 财年的 9 个月中，ARR 超过 10 万美元的客户实现了两位数的增长。</blockquote></p><p> Wine brand<b>Fresh Vine Wine</b>(VINE) plans to raise $21 million at a $116 million market cap. This celebrity-founded company produces low carb, low calorie premium wines. Growing but highly unprofitable, Fresh Vine sells its wines through wholesale, retail, and DTC channels, and is able to conduct wholesale distribution in all 50 states and Puerto Rico.</p><p><blockquote>葡萄酒品牌<b>新鲜葡萄酒</b>(VINE) 计划以 1.16 亿美元的市值筹集 2100 万美元。这家名人创办的公司生产低碳水化合物、低热量的优质葡萄酒。Fresh Vine正在增长，但非常无利可图，它通过批发、零售和DTC渠道销售葡萄酒，并能够在所有50个州和波多黎各进行批发分销。</blockquote></p><p> Micro-cap satellite developer<b>Sidus Space</b>(SIDU) plans to raise $15 million at an $81 million market cap. This company provides commercial satellite services such as design, manufacture, launch, and data collection. &nbsp;Sidus Space has generated space-related manufacturing revenues to date, but is highly unprofitable with negative gross margin in the 9mo21.</p><p><blockquote>微帽卫星显影剂<b>Sidus空间</b>（SIDU）计划以8100万美元的市值筹集1500万美元。该公司提供商业卫星服务，如设计、制造、发射和数据收集。Sidus Space 迄今为止已产生与航天相关的制造收入，但在 2021 年 9 月毛利率为负，高度无利可图。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ead80e54642569e2b7b368c8d50dc265\" tg-width=\"1409\" tg-height=\"457\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89474/US-IPO-Week-Ahead-IoT-solutions-wine-and-satellites-in-a-3-IPO-week\">renaissancecap...</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","IOT":"Samsara, Inc.","SIDU":"Sidus Space Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/89474/US-IPO-Week-Ahead-IoT-solutions-wine-and-satellites-in-a-3-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103250344","content_text":"The IPO market is expected to stay relatively quiet in the week ahead with three IPOs scheduled to raise $789 million.\nIoT solutions developerSamsara(IOT) plans to raise $753 million at an $11.6 billion market cap. This \"internet-of-things\" company provides a cloud-based platform that connects the assets of businesses with physical operations, enhancing operational efficiency and asset and employee productivity. Fast growing but highly unprofitable, Samsara saw double-digit growth for customers with $100k+ ARR in the 9mo FY22.\nWine brandFresh Vine Wine(VINE) plans to raise $21 million at a $116 million market cap. This celebrity-founded company produces low carb, low calorie premium wines. Growing but highly unprofitable, Fresh Vine sells its wines through wholesale, retail, and DTC channels, and is able to conduct wholesale distribution in all 50 states and Puerto Rico.\nMicro-cap satellite developerSidus Space(SIDU) plans to raise $15 million at an $81 million market cap. This company provides commercial satellite services such as design, manufacture, launch, and data collection.  Sidus Space has generated space-related manufacturing revenues to date, but is highly unprofitable with negative gross margin in the 9mo21.","news_type":1,"symbols_score_info":{".SPX":0,"SIDU":0,"IOT":0,".IXIC":0,"VINE":0,".DJI":0}},"isVote":1,"tweetType":1,"viewCount":4095,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605266917,"gmtCreate":1639182247327,"gmtModify":1639182247542,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605266917","repostId":"1133027099","repostType":4,"repost":{"id":"1133027099","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":1639152670,"share":"https://www.laohunote.com/m/news/1133027099?lang=zh_CN&edition=full","pubTime":"2021-12-11 00:11","market":"us","language":"en","title":"Sea Ltd stock dropped more than 5% in morning trading<blockquote>Sea Ltd 股价早盘下跌超过 5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133027099","media":"Tiger Newspress","summary":"Sea Ltd stock dropped more than 5% in morning trading.","content":"<p>Sea Ltd stock dropped more than 5% in morning trading.</p><p><blockquote>Sea Ltd 股价在早盘交易中下跌超过 5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f6295277426435ac2c7135ba73dfbdef\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Ltd stock dropped more than 5% in morning trading<blockquote>Sea Ltd 股价早盘下跌超过 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\">\nSea Ltd stock dropped more than 5% in morning trading<blockquote>Sea Ltd 股价早盘下跌超过 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\">2021-12-11 00:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Sea Ltd stock dropped more than 5% in morning trading.</p><p><blockquote>Sea Ltd 股价在早盘交易中下跌超过 5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f6295277426435ac2c7135ba73dfbdef\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133027099","content_text":"Sea Ltd stock dropped more than 5% in morning trading.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":4341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605308142,"gmtCreate":1639107933830,"gmtModify":1639108504014,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605308142","repostId":"2190964556","repostType":4,"isVote":1,"tweetType":1,"viewCount":5268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602596142,"gmtCreate":1639038092082,"gmtModify":1639038114990,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/602596142","repostId":"1153197163","repostType":4,"repost":{"id":"1153197163","kind":"news","pubTimestamp":1639037797,"share":"https://www.laohunote.com/m/news/1153197163?lang=zh_CN&edition=full","pubTime":"2021-12-09 16:16","market":"us","language":"en","title":"Coinbase Stock: Bull vs. Bear<blockquote>Coinbase 股票：牛市与熊市</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153197163","media":"Motley Fool","summary":"The biggest crypto marketplace hasn't performed nearly as well as some of the biggest coins on its platform.","content":"<p>Mainstream cryptocurrency exchange&nbsp;<b>Coinbase Global</b>&nbsp;is the largest and best-known marketplace. Over 73 million verified users and some 10,000 institutions use its&nbsp;platform for investing in and holding&nbsp;around 120 different cryptocurrencies.</p><p><blockquote>主流加密货币交易所<b>比特币基地全球</b>是最大和最著名的市场。超过 7300 万经过验证的用户和约 10,000 家机构使用其平台投资和持有约 120 种不同的加密货币。</blockquote></p><p> The popular, easy-to-use interface has seen assets soar to $255 billion at the end of the third quarter, a seven-fold increase from the $36 billion it had one year ago. Despite the stellar gains, its stock hasn't been quite a star performer, with shares down about 20% from their debut via a direct listing in April.</p><p><blockquote>到第三季度末，这种广受欢迎、易于使用的界面使资产飙升至 2550 亿美元，比一年前的 360 亿美元增长了七倍。尽管涨幅巨大，但其股票表现并不出色，自 4 月份通过直接上市首次亮相以来，股价已下跌约 20%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/68edf653981c880834000e5072fb8304\" tg-width=\"2000\" tg-height=\"1373\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> As a pick-and-shovel play on cryptocurrency, Coinbase has the potential to be a major winning investment, regardless of whether&nbsp;<b>Bitcoin</b>&nbsp;maintains its dominance or&nbsp;<b>Solana</b>&nbsp;or&nbsp;<b>Cardano</b>&nbsp;prove to be actual&nbsp;<b>Ethereum</b>&nbsp;killers.</p><p><blockquote>作为加密货币的挑选游戏，Coinbase 有潜力成为一项重大的成功投资，无论是否<b>比特币</b>维持其主导地位或<b>索拉纳</b>或<b>卡尔达诺</b>证明是真实的<b>以太币</b>杀手。</blockquote></p><p> However, it's still a hardscrabble play that has yet to perform as well as expected, and for some very good reasons. Below, you can divide into the bear and bull case for whether this is the&nbsp;best time to buy this crypto marketplace&nbsp;for your portfolio.</p><p><blockquote>然而，这仍然是一个艰难的拼字游戏，还没有像预期的那样表现，有一些非常好的原因。下面，您可以将这是否是为您的投资组合购买这个加密市场的最佳时机分为熊市和牛市。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/542df2fd97487544fabce5abd68a05ea\" tg-width=\"2000\" tg-height=\"1356\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>The other side of the Coinbase</b></p><p><blockquote><b>比特币基地的另一面</b></blockquote></p><p> <b>Rick Munarriz:</b>There's a lot to like about Coinbase as an investor -- until you start to zoom in as a crypto trader. Coinbase is the mainstream name that even crypto outsiders know,&nbsp;and understandably so with $255 billion in assets on platform. Unfortunately, it's more like&nbsp;crypto investing&nbsp;on training wheels. It's a nest to chirp away in as a baby bird until you're ready to fly. It's the first person you date and ultimately leave when things start to get serious.</p><p><blockquote><b>里克·穆纳里兹：</b>作为一名投资者，比特币基地有很多值得喜欢的地方——直到你开始成为一名加密货币交易员。比特币基地是连加密货币局外人都知道的主流名称，可以理解的是，该平台拥有2550亿美元的资产。不幸的是，这更像是对训练轮上的加密投资。这是一个可以像小鸟一样啁啾的巢，直到你准备好飞翔。这是你约会的第一个人，当事情开始变得严重时，你最终会离开。</blockquote></p><p> Crack open the hood, and you'll see a platform with high trading fees, a history of iffy customer service when things go wrong, and limited options to generate passive income on your investments. You might think it's great that you can earn 4.5% annually on your staked Ethereum, but that's only if you lock it up until the world's second-most-valuable digital currency completes its migration to proof of work. You can&nbsp;earn more than 4.5%&nbsp;on several smaller platforms without having to wait for an event with no actual date to regain access to your crypto. You would think that Coinbase would be the leader in yield on&nbsp;<b>USD Coin</b>, the dollar-pegged stablecoin that it created. Nope. All you can earn is 0.15% a year, whereas you can earn&nbsp;yields topping 10%&nbsp;on other platforms.</p><p><blockquote>打开引擎盖，你会看到一个交易费很高的平台，出现问题时客户服务不稳定的历史，以及从投资中产生被动收入的有限选择。你可能认为你可以在你的质押以太币上每年赚取4.5%的收益是很棒的，但这只有在你锁定它直到世界上第二有价值的数字货币完成向工作证明的迁移时。你可以在几个较小的平台上赚取超过4.5%的收入，而不必等待一个没有实际日期的事件来重新获得你的密码。您可能认为 Coinbase 会成为收益率的领导者<b>美元硬币</b>它创建的与美元挂钩的稳定币。没有。你每年只能赚取0.15%，而在其他平台上你可以赚取超过10%的收益率。</blockquote></p><p> Stock investors wooed by Coinbase and its high margins may want to take a closer look at the surprisingly low trailing earnings multiple. It's padded with one-time gains and a perfect storm that is highly unlikely to be duplicated. Analysts see earnings roughly cut in half next year. The bottom line isn't the only thing that is shrinking here. Monthly transacting users went from 8.8 million in the second quarter of this year to just 7.4 million in the third quarter. Trading volume in its latest report was lower than each of its two previous quarters. Cool nest. It's time to flap those wings and fly. It's not me. It's you.</p><p><blockquote>被 Coinbase 及其高利润率吸引的股票投资者可能想仔细看看令人惊讶的低追踪市盈率。它充满了一次性的收益和一场不太可能被复制的完美风暴。分析师预计明年盈利将大致减半。底线并不是这里唯一萎缩的东西。月交易用户从今年第二季度的880万下降到第三季度的仅740万。其最新报告中的交易量低于前两个季度。凉爽的巢。是时候扇动翅膀飞翔了。不是我。是你。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e2e4882a68944561380c7ec61f00bb8\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Patience is still key to investing</b></p><p><blockquote><b>耐心仍然是投资的关键</b></blockquote></p><p> <b>Rich Duprey:</b>Even in the crypto world, patience is an investor virtue. Even though Bitcoin has gone up 8 billion percent and&nbsp;<b>Shiba Inu</b>&nbsp;has rocketed 53 million percent higher just in 2021 alone, having a long-term outlook is justified when it comes to Coinbase despite it actually being down 38% from its high point.</p><p><blockquote><b>里奇·杜普雷：</b>即使在加密货币领域，耐心也是投资者的一种美德。尽管比特币已经上涨了80亿<b>柴犬</b>仅在 2021 年就飙升了 5300 万个百分点，尽管 Coinbase 实际上比最高点下跌了 38%，但对其进行长期展望是合理的。</blockquote></p><p> Volatility should be expected in the&nbsp;early days of crypto, let alone Coinbase, but such wild swings will impact its transaction revenue.&nbsp;As my colleague Rick notes, global trading volume for the third quarter was down 37% from the second quarter, leading to a 29% drop in Coinbase's volume.</p><p><blockquote>在加密的早期，波动性应该是意料之中的，更不用说比特币基地了，但这种剧烈的波动将影响其交易收入。正如我的同事里克指出的那样，第三季度的全球交易量比第二季度下降了37%，导致比特币基地的交易量下降了29%。</blockquote></p><p> Even so, Coinbase was able to report having 7.4 million monthly transacting users helping it to generate $1.2 billion in revenue -- the third straight quarter of over $1 billion generated. It reported $612 million in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), giving it amazing profit margins of 50%.</p><p><blockquote>即便如此，Coinbase 仍有 740 万每月交易用户，帮助其产生了 12 亿美元的收入，这是连续第三个季度的收入超过 10 亿美元。该公司报告调整后的息税折旧摊销前利润 (EBITDA) 为 6.12 亿美元，利润率高达 50%。</blockquote></p><p></p><p> So it's clear the business is solid and on a firm foundation, though I don't disagree with Rick that Coinbase can do some things better. Much better, even. Still, revenue is forecast to surge to over $8 billion by 2024 when adjusted EBITDA is expected to hit $2.8 billion.</p><p><blockquote>因此，很明显，这项业务是稳固的，并且建立在坚实的基础上，尽管我并不反对里克的观点，即比特币基地可以做得更好。甚至好多了。尽管如此，预计到 2024 年，收入将飙升至 80 亿美元以上，届时调整后 EBITDA 预计将达到 28 亿美元。</blockquote></p><p> Coinbase has been focused on achieving critical mass, and now as the preeminent crypto marketplace, it has the resources to further innovate in the space. This is a crypto name that has the potential to double, triple, or&nbsp;even become a ten-bagger&nbsp;for investors, so long as they have the patience to ride it out.</p><p><blockquote>比特币基地一直专注于实现临界质量，现在作为卓越的加密市场，它拥有在该领域进一步创新的资源。这是一个加密货币名称，只要投资者有耐心度过难关，就有可能翻倍、翻三倍，甚至成为十袋大亨。</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>Coinbase Stock: Bull vs. Bear<blockquote>Coinbase 股票：牛市与熊市</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Stock: Bull vs. Bear<blockquote>Coinbase 股票：牛市与熊市</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-09 16:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Mainstream cryptocurrency exchange&nbsp;<b>Coinbase Global</b>&nbsp;is the largest and best-known marketplace. Over 73 million verified users and some 10,000 institutions use its&nbsp;platform for investing in and holding&nbsp;around 120 different cryptocurrencies.</p><p><blockquote>主流加密货币交易所<b>比特币基地全球</b>是最大和最著名的市场。超过 7300 万经过验证的用户和约 10,000 家机构使用其平台投资和持有约 120 种不同的加密货币。</blockquote></p><p> The popular, easy-to-use interface has seen assets soar to $255 billion at the end of the third quarter, a seven-fold increase from the $36 billion it had one year ago. Despite the stellar gains, its stock hasn't been quite a star performer, with shares down about 20% from their debut via a direct listing in April.</p><p><blockquote>到第三季度末，这种广受欢迎、易于使用的界面使资产飙升至 2550 亿美元，比一年前的 360 亿美元增长了七倍。尽管涨幅巨大，但其股票表现并不出色，自 4 月份通过直接上市首次亮相以来，股价已下跌约 20%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/68edf653981c880834000e5072fb8304\" tg-width=\"2000\" tg-height=\"1373\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> As a pick-and-shovel play on cryptocurrency, Coinbase has the potential to be a major winning investment, regardless of whether&nbsp;<b>Bitcoin</b>&nbsp;maintains its dominance or&nbsp;<b>Solana</b>&nbsp;or&nbsp;<b>Cardano</b>&nbsp;prove to be actual&nbsp;<b>Ethereum</b>&nbsp;killers.</p><p><blockquote>作为加密货币的挑选游戏，Coinbase 有潜力成为一项重大的成功投资，无论是否<b>比特币</b>维持其主导地位或<b>索拉纳</b>或<b>卡尔达诺</b>证明是真实的<b>以太币</b>杀手。</blockquote></p><p> However, it's still a hardscrabble play that has yet to perform as well as expected, and for some very good reasons. Below, you can divide into the bear and bull case for whether this is the&nbsp;best time to buy this crypto marketplace&nbsp;for your portfolio.</p><p><blockquote>然而，这仍然是一个艰难的拼字游戏，还没有像预期的那样表现，有一些非常好的原因。下面，您可以将这是否是为您的投资组合购买这个加密市场的最佳时机分为熊市和牛市。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/542df2fd97487544fabce5abd68a05ea\" tg-width=\"2000\" tg-height=\"1356\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>The other side of the Coinbase</b></p><p><blockquote><b>比特币基地的另一面</b></blockquote></p><p> <b>Rick Munarriz:</b>There's a lot to like about Coinbase as an investor -- until you start to zoom in as a crypto trader. Coinbase is the mainstream name that even crypto outsiders know,&nbsp;and understandably so with $255 billion in assets on platform. Unfortunately, it's more like&nbsp;crypto investing&nbsp;on training wheels. It's a nest to chirp away in as a baby bird until you're ready to fly. It's the first person you date and ultimately leave when things start to get serious.</p><p><blockquote><b>里克·穆纳里兹：</b>作为一名投资者，比特币基地有很多值得喜欢的地方——直到你开始成为一名加密货币交易员。比特币基地是连加密货币局外人都知道的主流名称，可以理解的是，该平台拥有2550亿美元的资产。不幸的是，这更像是对训练轮上的加密投资。这是一个可以像小鸟一样啁啾的巢，直到你准备好飞翔。这是你约会的第一个人，当事情开始变得严重时，你最终会离开。</blockquote></p><p> Crack open the hood, and you'll see a platform with high trading fees, a history of iffy customer service when things go wrong, and limited options to generate passive income on your investments. You might think it's great that you can earn 4.5% annually on your staked Ethereum, but that's only if you lock it up until the world's second-most-valuable digital currency completes its migration to proof of work. You can&nbsp;earn more than 4.5%&nbsp;on several smaller platforms without having to wait for an event with no actual date to regain access to your crypto. You would think that Coinbase would be the leader in yield on&nbsp;<b>USD Coin</b>, the dollar-pegged stablecoin that it created. Nope. All you can earn is 0.15% a year, whereas you can earn&nbsp;yields topping 10%&nbsp;on other platforms.</p><p><blockquote>打开引擎盖，你会看到一个交易费很高的平台，出现问题时客户服务不稳定的历史，以及从投资中产生被动收入的有限选择。你可能认为你可以在你的质押以太币上每年赚取4.5%的收益是很棒的，但这只有在你锁定它直到世界上第二有价值的数字货币完成向工作证明的迁移时。你可以在几个较小的平台上赚取超过4.5%的收入，而不必等待一个没有实际日期的事件来重新获得你的密码。您可能认为 Coinbase 会成为收益率的领导者<b>美元硬币</b>它创建的与美元挂钩的稳定币。没有。你每年只能赚取0.15%，而在其他平台上你可以赚取超过10%的收益率。</blockquote></p><p> Stock investors wooed by Coinbase and its high margins may want to take a closer look at the surprisingly low trailing earnings multiple. It's padded with one-time gains and a perfect storm that is highly unlikely to be duplicated. Analysts see earnings roughly cut in half next year. The bottom line isn't the only thing that is shrinking here. Monthly transacting users went from 8.8 million in the second quarter of this year to just 7.4 million in the third quarter. Trading volume in its latest report was lower than each of its two previous quarters. Cool nest. It's time to flap those wings and fly. It's not me. It's you.</p><p><blockquote>被 Coinbase 及其高利润率吸引的股票投资者可能想仔细看看令人惊讶的低追踪市盈率。它充满了一次性的收益和一场不太可能被复制的完美风暴。分析师预计明年盈利将大致减半。底线并不是这里唯一萎缩的东西。月交易用户从今年第二季度的880万下降到第三季度的仅740万。其最新报告中的交易量低于前两个季度。凉爽的巢。是时候扇动翅膀飞翔了。不是我。是你。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e2e4882a68944561380c7ec61f00bb8\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Patience is still key to investing</b></p><p><blockquote><b>耐心仍然是投资的关键</b></blockquote></p><p> <b>Rich Duprey:</b>Even in the crypto world, patience is an investor virtue. Even though Bitcoin has gone up 8 billion percent and&nbsp;<b>Shiba Inu</b>&nbsp;has rocketed 53 million percent higher just in 2021 alone, having a long-term outlook is justified when it comes to Coinbase despite it actually being down 38% from its high point.</p><p><blockquote><b>里奇·杜普雷：</b>即使在加密货币领域，耐心也是投资者的一种美德。尽管比特币已经上涨了80亿<b>柴犬</b>仅在 2021 年就飙升了 5300 万个百分点，尽管 Coinbase 实际上比最高点下跌了 38%，但对其进行长期展望是合理的。</blockquote></p><p> Volatility should be expected in the&nbsp;early days of crypto, let alone Coinbase, but such wild swings will impact its transaction revenue.&nbsp;As my colleague Rick notes, global trading volume for the third quarter was down 37% from the second quarter, leading to a 29% drop in Coinbase's volume.</p><p><blockquote>在加密的早期，波动性应该是意料之中的，更不用说比特币基地了，但这种剧烈的波动将影响其交易收入。正如我的同事里克指出的那样，第三季度的全球交易量比第二季度下降了37%，导致比特币基地的交易量下降了29%。</blockquote></p><p> Even so, Coinbase was able to report having 7.4 million monthly transacting users helping it to generate $1.2 billion in revenue -- the third straight quarter of over $1 billion generated. It reported $612 million in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), giving it amazing profit margins of 50%.</p><p><blockquote>即便如此，Coinbase 仍有 740 万每月交易用户，帮助其产生了 12 亿美元的收入，这是连续第三个季度的收入超过 10 亿美元。该公司报告调整后的息税折旧摊销前利润 (EBITDA) 为 6.12 亿美元，利润率高达 50%。</blockquote></p><p></p><p> So it's clear the business is solid and on a firm foundation, though I don't disagree with Rick that Coinbase can do some things better. Much better, even. Still, revenue is forecast to surge to over $8 billion by 2024 when adjusted EBITDA is expected to hit $2.8 billion.</p><p><blockquote>因此，很明显，这项业务是稳固的，并且建立在坚实的基础上，尽管我并不反对里克的观点，即比特币基地可以做得更好。甚至好多了。尽管如此，预计到 2024 年，收入将飙升至 80 亿美元以上，届时调整后 EBITDA 预计将达到 28 亿美元。</blockquote></p><p> Coinbase has been focused on achieving critical mass, and now as the preeminent crypto marketplace, it has the resources to further innovate in the space. This is a crypto name that has the potential to double, triple, or&nbsp;even become a ten-bagger&nbsp;for investors, so long as they have the patience to ride it out.</p><p><blockquote>比特币基地一直专注于实现临界质量，现在作为卓越的加密市场，它拥有在该领域进一步创新的资源。这是一个加密货币名称，只要投资者有耐心度过难关，就有可能翻倍、翻三倍，甚至成为十袋大亨。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/08/coinbase-stock-bull-vs-bear/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.fool.com/investing/2021/12/08/coinbase-stock-bull-vs-bear/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153197163","content_text":"Mainstream cryptocurrency exchange Coinbase Global is the largest and best-known marketplace. Over 73 million verified users and some 10,000 institutions use its platform for investing in and holding around 120 different cryptocurrencies.\nThe popular, easy-to-use interface has seen assets soar to $255 billion at the end of the third quarter, a seven-fold increase from the $36 billion it had one year ago. Despite the stellar gains, its stock hasn't been quite a star performer, with shares down about 20% from their debut via a direct listing in April.\nImage source: Getty Images.\nAs a pick-and-shovel play on cryptocurrency, Coinbase has the potential to be a major winning investment, regardless of whether Bitcoin maintains its dominance or Solana or Cardano prove to be actual Ethereum killers.\nHowever, it's still a hardscrabble play that has yet to perform as well as expected, and for some very good reasons. Below, you can divide into the bear and bull case for whether this is the best time to buy this crypto marketplace for your portfolio.\nImage source: Getty Images.\nThe other side of the Coinbase\nRick Munarriz:There's a lot to like about Coinbase as an investor -- until you start to zoom in as a crypto trader. Coinbase is the mainstream name that even crypto outsiders know, and understandably so with $255 billion in assets on platform. Unfortunately, it's more like crypto investing on training wheels. It's a nest to chirp away in as a baby bird until you're ready to fly. It's the first person you date and ultimately leave when things start to get serious.\nCrack open the hood, and you'll see a platform with high trading fees, a history of iffy customer service when things go wrong, and limited options to generate passive income on your investments. You might think it's great that you can earn 4.5% annually on your staked Ethereum, but that's only if you lock it up until the world's second-most-valuable digital currency completes its migration to proof of work. You can earn more than 4.5% on several smaller platforms without having to wait for an event with no actual date to regain access to your crypto. You would think that Coinbase would be the leader in yield on USD Coin, the dollar-pegged stablecoin that it created. Nope. All you can earn is 0.15% a year, whereas you can earn yields topping 10% on other platforms.\nStock investors wooed by Coinbase and its high margins may want to take a closer look at the surprisingly low trailing earnings multiple. It's padded with one-time gains and a perfect storm that is highly unlikely to be duplicated. Analysts see earnings roughly cut in half next year. The bottom line isn't the only thing that is shrinking here. Monthly transacting users went from 8.8 million in the second quarter of this year to just 7.4 million in the third quarter. Trading volume in its latest report was lower than each of its two previous quarters. Cool nest. It's time to flap those wings and fly. It's not me. It's you.\nImage source: Getty Images.\nPatience is still key to investing\nRich Duprey:Even in the crypto world, patience is an investor virtue. Even though Bitcoin has gone up 8 billion percent and Shiba Inu has rocketed 53 million percent higher just in 2021 alone, having a long-term outlook is justified when it comes to Coinbase despite it actually being down 38% from its high point.\nVolatility should be expected in the early days of crypto, let alone Coinbase, but such wild swings will impact its transaction revenue. As my colleague Rick notes, global trading volume for the third quarter was down 37% from the second quarter, leading to a 29% drop in Coinbase's volume.\nEven so, Coinbase was able to report having 7.4 million monthly transacting users helping it to generate $1.2 billion in revenue -- the third straight quarter of over $1 billion generated. It reported $612 million in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), giving it amazing profit margins of 50%.\nSo it's clear the business is solid and on a firm foundation, though I don't disagree with Rick that Coinbase can do some things better. Much better, even. Still, revenue is forecast to surge to over $8 billion by 2024 when adjusted EBITDA is expected to hit $2.8 billion.\nCoinbase has been focused on achieving critical mass, and now as the preeminent crypto marketplace, it has the resources to further innovate in the space. This is a crypto name that has the potential to double, triple, or even become a ten-bagger for investors, so long as they have the patience to ride it out.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":1487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606624806,"gmtCreate":1638875067305,"gmtModify":1638875067510,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/606624806","repostId":"1100817933","repostType":4,"repost":{"id":"1100817933","kind":"news","pubTimestamp":1638873659,"share":"https://www.laohunote.com/m/news/1100817933?lang=zh_CN&edition=full","pubTime":"2021-12-07 18:40","market":"us","language":"en","title":"U.S. stock futures, oil prices and Treasury yields rose as Omicron fears eased<blockquote>随着奥密克戎担忧缓解，美国股指期货、油价和国债收益率上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100817933","media":"Wall Street Journal","summary":"U.S. stock futures climbed as investors bet that the impact of the Omicron variant of Covid-19 would","content":"<p>U.S. stock futures climbed as investors bet that the impact of the Omicron variant of Covid-19 would be milder than previously thought.</p><p><blockquote>由于投资者押注 Covid-19 奥密克戎变种的影响将比之前想象的要轻，美国股指期货上涨。</blockquote></p><p> Futures for the S&amp;P 500 gained 1.1% Tuesday. The&nbsp;index jumped Monday, recouping nearly all its losses for last week. Contracts for the tech-focused Nasdaq-100 jumped 1.7% Tuesday, and futures for the Dow Jones Industrial Average rose 0.8%.</p><p><blockquote>标普500期货周二上涨1.1%。该指数周一上涨，几乎收复了上周的所有跌幅。以科技股为主的纳斯达克 100 指数合约周二上涨 1.7%，道琼斯工业平均指数期货上涨 0.8%。</blockquote></p><p> Hopes that the new strain will have a less pronounced impact on travel and consumer confidence have bolstered stocks this week. Scientists and vaccine makers are still assessing the severity of Omicron and how well existing vaccines may work against it. Lower trading volumes in the lead-up to the holidays are likely to cause exaggerated moves in either direction, analysts say.</p><p><blockquote>人们希望新菌株对旅行和消费者信心的影响不会那么明显，这支撑了本周的股市。科学家和疫苗制造商仍在评估奥密克戎病的严重程度以及现有疫苗对抗它的效果。分析师表示，假期前交易量下降可能会导致这两个方向出现夸张的波动。</blockquote></p><p> “We’re in this period where investors are grappling for any news they can find and that, coupled with low liquidity, is leading to some big moves,” said Hugh Gimber, a strategist at J.P. Morgan Asset Management.</p><p><blockquote>“摩根大通资产管理公司（J.P. Morgan Asset Management）策略师休-金伯（Hugh Gimber）说：”我们正处于投资者争先恐后地寻找他们能找到的任何消息的时期，再加上低流动性，导致了一些大的波动。</blockquote></p><p> China’s efforts to inject liquidity into the financial system has also helped reassured investors that the slowdown in the world’s second-largest economy will be managed, Mr. Gimber said. On Monday, the People’s Bank of China said it would&nbsp;reduce the reserve requirement ratio for banks&nbsp;by 0.5 percentage point to 8.4%, starting Dec. 15. This would unleash about 1.2 trillion yuan, equivalent to around $188 billion, into the financial system.</p><p><blockquote>金伯先生说，中国向金融体系注入流动性的努力也有助于让投资者放心，世界第二大经济体的经济放缓将得到控制。本周一，中国人民银行表示将从12月15日起下调银行存款准备金率0.5个百分点至8.4%。这将向金融体系释放约1.2万亿元人民币，相当于约1880亿美元。</blockquote></p><p> Shares of Chinese property developers listed in Hong Kong were broadly higher on the plans, which could assist China’s debt-laden real-estate sector.&nbsp;Sunac China Holdings&nbsp;surged more than 15%, while&nbsp;China Aoyuan Groupgained more than 10%.</p><p><blockquote>在香港上市的中国房地产开发商的股价普遍走高，这可能会帮助中国负债累累的房地产行业。融创中国控股飙升超过 15%，中国奥园集团上涨超过 10%。</blockquote></p><p> Hong Kong’s broader Hang Seng Index gained 2.7%, while China’s Shanghai Composite edged up 0.2%. Japan’s Nikkei 225 rallied 1.9% and South Korea’s Kospi added 0.6%.</p><p><blockquote>香港恒生指数上涨 2.7%，中国上证综指小幅上涨 0.2%。日本日经 225 指数上涨 1.9%，韩国综合股价指数上涨 0.6%。</blockquote></p><p> Elsewhere, the pan-continental Stoxx Europe 600 jumped 1.2%.</p><p><blockquote>其他方面，泛洲斯托克欧洲 600 指数上涨 1.2%。</blockquote></p><p> Brent crude futures, the benchmark in global oil markets, rose 1.8% to $74.41 a barrel, as fears of renewed Covid-related lockdowns recede.</p><p><blockquote>随着对新冠疫情相关封锁的担忧消退，全球石油市场基准布伦特原油期货上涨 1.8%，至每桶 74.41 美元。</blockquote></p><p> In bond markets, the yield on the benchmark 10-year Treasury note ticked up to 1.443% Tuesday from 1.433% Monday. Yields rise when prices fall.</p><p><blockquote>在债券市场，基准 10 年期国债收益率从周一的 1.433% 升至周二的 1.443%。价格下跌时收益率上升。</blockquote></p><p> Bitcoin, the world’s largest cryptocurrency by market value, rose 2.6% to $51,307.04 as it continued to recover from&nbsp;a weekend selloff.</p><p><blockquote>全球市值最大的加密货币比特币上涨 2.6%，至 51,307.04 美元，继续从周末的抛售中复苏。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. stock futures, oil prices and Treasury yields rose as Omicron fears eased<blockquote>随着奥密克戎担忧缓解，美国股指期货、油价和国债收益率上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stock futures, oil prices and Treasury yields rose as Omicron fears eased<blockquote>随着奥密克戎担忧缓解，美国股指期货、油价和国债收益率上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Wall Street Journal</strong><span class=\"h-time small\">2021-12-07 18:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>U.S. stock futures climbed as investors bet that the impact of the Omicron variant of Covid-19 would be milder than previously thought.</p><p><blockquote>由于投资者押注 Covid-19 奥密克戎变种的影响将比之前想象的要轻，美国股指期货上涨。</blockquote></p><p> Futures for the S&amp;P 500 gained 1.1% Tuesday. The&nbsp;index jumped Monday, recouping nearly all its losses for last week. Contracts for the tech-focused Nasdaq-100 jumped 1.7% Tuesday, and futures for the Dow Jones Industrial Average rose 0.8%.</p><p><blockquote>标普500期货周二上涨1.1%。该指数周一上涨，几乎收复了上周的所有跌幅。以科技股为主的纳斯达克 100 指数合约周二上涨 1.7%，道琼斯工业平均指数期货上涨 0.8%。</blockquote></p><p> Hopes that the new strain will have a less pronounced impact on travel and consumer confidence have bolstered stocks this week. Scientists and vaccine makers are still assessing the severity of Omicron and how well existing vaccines may work against it. Lower trading volumes in the lead-up to the holidays are likely to cause exaggerated moves in either direction, analysts say.</p><p><blockquote>人们希望新菌株对旅行和消费者信心的影响不会那么明显，这支撑了本周的股市。科学家和疫苗制造商仍在评估奥密克戎病的严重程度以及现有疫苗对抗它的效果。分析师表示，假期前交易量下降可能会导致这两个方向出现夸张的波动。</blockquote></p><p> “We’re in this period where investors are grappling for any news they can find and that, coupled with low liquidity, is leading to some big moves,” said Hugh Gimber, a strategist at J.P. Morgan Asset Management.</p><p><blockquote>“摩根大通资产管理公司（J.P. Morgan Asset Management）策略师休-金伯（Hugh Gimber）说：”我们正处于投资者争先恐后地寻找他们能找到的任何消息的时期，再加上低流动性，导致了一些大的波动。</blockquote></p><p> China’s efforts to inject liquidity into the financial system has also helped reassured investors that the slowdown in the world’s second-largest economy will be managed, Mr. Gimber said. On Monday, the People’s Bank of China said it would&nbsp;reduce the reserve requirement ratio for banks&nbsp;by 0.5 percentage point to 8.4%, starting Dec. 15. This would unleash about 1.2 trillion yuan, equivalent to around $188 billion, into the financial system.</p><p><blockquote>金伯先生说，中国向金融体系注入流动性的努力也有助于让投资者放心，世界第二大经济体的经济放缓将得到控制。本周一，中国人民银行表示将从12月15日起下调银行存款准备金率0.5个百分点至8.4%。这将向金融体系释放约1.2万亿元人民币，相当于约1880亿美元。</blockquote></p><p> Shares of Chinese property developers listed in Hong Kong were broadly higher on the plans, which could assist China’s debt-laden real-estate sector.&nbsp;Sunac China Holdings&nbsp;surged more than 15%, while&nbsp;China Aoyuan Groupgained more than 10%.</p><p><blockquote>在香港上市的中国房地产开发商的股价普遍走高，这可能会帮助中国负债累累的房地产行业。融创中国控股飙升超过 15%，中国奥园集团上涨超过 10%。</blockquote></p><p> Hong Kong’s broader Hang Seng Index gained 2.7%, while China’s Shanghai Composite edged up 0.2%. Japan’s Nikkei 225 rallied 1.9% and South Korea’s Kospi added 0.6%.</p><p><blockquote>香港恒生指数上涨 2.7%，中国上证综指小幅上涨 0.2%。日本日经 225 指数上涨 1.9%，韩国综合股价指数上涨 0.6%。</blockquote></p><p> Elsewhere, the pan-continental Stoxx Europe 600 jumped 1.2%.</p><p><blockquote>其他方面，泛洲斯托克欧洲 600 指数上涨 1.2%。</blockquote></p><p> Brent crude futures, the benchmark in global oil markets, rose 1.8% to $74.41 a barrel, as fears of renewed Covid-related lockdowns recede.</p><p><blockquote>随着对新冠疫情相关封锁的担忧消退，全球石油市场基准布伦特原油期货上涨 1.8%，至每桶 74.41 美元。</blockquote></p><p> In bond markets, the yield on the benchmark 10-year Treasury note ticked up to 1.443% Tuesday from 1.433% Monday. Yields rise when prices fall.</p><p><blockquote>在债券市场，基准 10 年期国债收益率从周一的 1.433% 升至周二的 1.443%。价格下跌时收益率上升。</blockquote></p><p> Bitcoin, the world’s largest cryptocurrency by market value, rose 2.6% to $51,307.04 as it continued to recover from&nbsp;a weekend selloff.</p><p><blockquote>全球市值最大的加密货币比特币上涨 2.6%，至 51,307.04 美元，继续从周末的抛售中复苏。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/global-stock-markets-dow-update-12-07-2021-11638866220?mod=markets_lead_pos2\">Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/global-stock-markets-dow-update-12-07-2021-11638866220?mod=markets_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100817933","content_text":"U.S. stock futures climbed as investors bet that the impact of the Omicron variant of Covid-19 would be milder than previously thought.\nFutures for the S&P 500 gained 1.1% Tuesday. The index jumped Monday, recouping nearly all its losses for last week. Contracts for the tech-focused Nasdaq-100 jumped 1.7% Tuesday, and futures for the Dow Jones Industrial Average rose 0.8%.\nHopes that the new strain will have a less pronounced impact on travel and consumer confidence have bolstered stocks this week. Scientists and vaccine makers are still assessing the severity of Omicron and how well existing vaccines may work against it. Lower trading volumes in the lead-up to the holidays are likely to cause exaggerated moves in either direction, analysts say.\n“We’re in this period where investors are grappling for any news they can find and that, coupled with low liquidity, is leading to some big moves,” said Hugh Gimber, a strategist at J.P. Morgan Asset Management.\nChina’s efforts to inject liquidity into the financial system has also helped reassured investors that the slowdown in the world’s second-largest economy will be managed, Mr. Gimber said. On Monday, the People’s Bank of China said it would reduce the reserve requirement ratio for banks by 0.5 percentage point to 8.4%, starting Dec. 15. This would unleash about 1.2 trillion yuan, equivalent to around $188 billion, into the financial system.\nShares of Chinese property developers listed in Hong Kong were broadly higher on the plans, which could assist China’s debt-laden real-estate sector. Sunac China Holdings surged more than 15%, while China Aoyuan Groupgained more than 10%.\nHong Kong’s broader Hang Seng Index gained 2.7%, while China’s Shanghai Composite edged up 0.2%. Japan’s Nikkei 225 rallied 1.9% and South Korea’s Kospi added 0.6%.\nElsewhere, the pan-continental Stoxx Europe 600 jumped 1.2%.\nBrent crude futures, the benchmark in global oil markets, rose 1.8% to $74.41 a barrel, as fears of renewed Covid-related lockdowns recede.\nIn bond markets, the yield on the benchmark 10-year Treasury note ticked up to 1.443% Tuesday from 1.433% Monday. Yields rise when prices fall.\nBitcoin, the world’s largest cryptocurrency by market value, rose 2.6% to $51,307.04 as it continued to recover from a weekend selloff.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608791617,"gmtCreate":1638787018017,"gmtModify":1638787018884,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/608791617","repostId":"1179313612","repostType":4,"repost":{"id":"1179313612","kind":"news","pubTimestamp":1638745398,"share":"https://www.laohunote.com/m/news/1179313612?lang=zh_CN&edition=full","pubTime":"2021-12-06 07:03","market":"us","language":"en","title":"Game Stop, Toll Brothers, Costco, CVS, and Other Stocks to Watch This Week<blockquote>Game Stop、Toll Brothers、Costco、CVS 和本周值得关注的其他股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1179313612","media":"Barrons","summary":"Meme stock darling GameStop headlines this week’s earnings report lineup. The videogame retailer rep","content":"<p>Meme stock darling <a href=\"https://laohu8.com/S/GME\">GameStop</a> headlines this week’s earnings report lineup. The videogame retailer reports results after the market closes on Wednesday. <a href=\"https://laohu8.com/S/AZO\">AutoZone</a>, Casey’s <a href=\"https://laohu8.com/S/BGC\">General</a> Stores, and <a href=\"https://laohu8.com/S/TOL\">Toll Brothers</a> report earnings on Tuesday, followed by <a href=\"https://laohu8.com/S/BF.A\">Brown-Forman</a> and <a href=\"https://laohu8.com/S/CPB\">Campbell Soup</a> on Wednesday. <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>, <a href=\"https://laohu8.com/S/COST\">Costco</a> Wholesale, and <a href=\"https://laohu8.com/S/HRL\">Hormel</a> Foods round things out on Thursday.</p><p><blockquote>模因股票宠儿<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>本周财报的头条新闻。这家视频游戏零售商在周三收盘后公布业绩。<a href=\"https://laohu8.com/S/AZO\">自动区</a>凯西的<a href=\"https://laohu8.com/S/BGC\">一般的</a>商店和<a href=\"https://laohu8.com/S/TOL\">收费兄弟</a>周二公布收益，随后<a href=\"https://laohu8.com/S/BF.A\">布朗-福尔曼</a>和<a href=\"https://laohu8.com/S/CPB\">金宝汤</a>星期三。<a href=\"https://laohu8.com/S/AVGO\">博通</a>,<a href=\"https://laohu8.com/S/COST\">好市多</a>批发，以及<a href=\"https://laohu8.com/S/HRL\">荷美尔</a>周四食物圆满结束。</blockquote></p><p> On Monday, <a href=\"https://laohu8.com/S/UNP\">Union Pacific</a> will hold a conference call to discuss its climate action plan. <a href=\"https://laohu8.com/S/MCK\">McKesson</a> and <a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> host their 2021 investor days on Wednesday, followed by <a href=\"https://laohu8.com/S/CVS\">CVS Health</a> and <a href=\"https://laohu8.com/S/TSN\">Tyson</a> Foods on Thursday.</p><p><blockquote>周一，<a href=\"https://laohu8.com/S/UNP\">联合太平洋</a>将召开电话会议讨论其气候行动计划。<a href=\"https://laohu8.com/S/MCK\">麦克森</a>和<a href=\"https://laohu8.com/S/LUV\">西南航空公司</a>周三举办 2021 年投资者日，随后<a href=\"https://laohu8.com/S/CVS\">CVS健康</a>和<a href=\"https://laohu8.com/S/TSN\">泰森</a>周四的食物。</blockquote></p><p> The Federal Reserve’s report on consumer credit data for October will be released on Tuesday. On Thursday, the U.S. Labor Department reports initial jobless claims for the week ending on Dec. 4.</p><p><blockquote>美联储将于周二发布10月份消费信贷数据报告。周四，美国劳工部公布了截至 12 月 4 日当周的首次申请失业救济人数。</blockquote></p><p> The Bureau of Labor Statistics releases the consumer price index for November on Friday. The consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously.</p><p><blockquote>美国劳工统计局周五发布11月份消费者价格指数。普遍估计同比增长 6.7%，比 10 月份高出半个百分点。不包括波动较大的食品和能源价格的核心CPI预计将上涨4.8%，而之前为4.6%。</blockquote></p><p> <b>Monday 12/6</b></p><p><blockquote><b>12/6星期一</b></blockquote></p><p> Union Pacific holds a conference call to discuss its climate action plan.</p><p><blockquote>联合太平洋公司召开电话会议讨论其气候行动计划。</blockquote></p><p> <b>Tuesday 12/7</b></p><p><blockquote><b>星期二 12/7</b></blockquote></p><p> AutoZone, Casey’s General Stores, and Toll Brothers announce quarterly results.</p><p><blockquote>AutoZone、Casey's General Stores 和 Toll Brothers 公布季度业绩。</blockquote></p><p> The Federal Reserve reports on consumer credit data for October. After falling slightly last year, total outstanding consumer debt has risen an average of $20 billion a month through September, and stands at a record $4.37 trillion.</p><p><blockquote>美联储报告10月份消费信贷数据。继去年小幅下降后，截至 9 月份，未偿消费者债务总额平均每月增加 200 亿美元，达到创纪录的 4.37 万亿美元。</blockquote></p><p> <b>Wednesday 12/8</b></p><p><blockquote><b>12/8星期三</b></blockquote></p><p> The BLS releases the Job Openings and Labor Turnover Survey. Economists forecast 10.5 million job openings on the last business day of October, only 600,000 less than the record high of 11.1 million in July.</p><p><blockquote>BLS发布职位空缺和劳动力流动调查。经济学家预测10月最后一个工作日将有1050万个职位空缺，仅比7月份1110万个的历史新高少60万个。</blockquote></p><p> <a href=\"https://laohu8.com/S/BF.B\">Brown-Forman</a>, Campbell Soup, and GameStop report earnings.</p><p><blockquote><a href=\"https://laohu8.com/S/BF.B\">布朗-福尔曼</a>、金宝汤和游戏驿站报告收益。</blockquote></p><p> McKesson and <a href=\"https://laohu8.com/S/OKSB\">Southwest</a> Airlines host their 2021 investor days.</p><p><blockquote>麦克森和<a href=\"https://laohu8.com/S/OKSB\">西南</a>航空公司举办2021年投资者日。</blockquote></p><p> <a href=\"https://laohu8.com/S/EW\">Edwards Lifesciences</a> holds an investor conference in Irvine, Calif. The company will discuss its product pipeline as well as its financial outlook for 2022.</p><p><blockquote><a href=\"https://laohu8.com/S/EW\">爱德华兹生命科学</a>在加利福尼亚州尔湾举行投资者会议。该公司将讨论其产品线以及 2022 年的财务前景。</blockquote></p><p> The Bank of Canada announces its monetary-policy decision. The central bank is expected to keep its key short-term interest rate unchanged at 0.25%. At its late-October meeting, the bank ended its quantitative-easing program and signaled that its first interest-rate hike would be earlier in 2022 than had been expected.</p><p><blockquote>加拿大央行宣布货币政策决定。预计央行将维持关键短期利率在0.25%不变。在 10 月底的会议上，央行结束了量化宽松计划，并表示首次加息将于 2022 年早于预期。</blockquote></p><p> <b>Thursday 12/9</b></p><p><blockquote><b>星期四 12/9</b></blockquote></p><p> Broadcom, Costco Wholesale, and Hormel Foods hold conference calls to discuss quarterly results.</p><p><blockquote>Broadcom、Costco Wholesale 和 Hormel Foods 举行评级会议讨论季度业绩。</blockquote></p><p> CVS Health and Tyson Foods host their annual investor days.</p><p><blockquote>CVS Health 和泰森食品公司举办年度投资者日。</blockquote></p><p> The Department of Labor reports initial jobless claims for the week ending on Dec. 4. Jobless claims averaged 238,750 in November, the lowest since the beginning of the pandemic, and just 24,750 more than in February of 2020.</p><p><blockquote>劳工部报告了截至 12 月 4 日当周的首次申请失业救济人数。11 月份申请失业救济人数平均为 238,750 人，为疫情开始以来的最低水平，仅比 2020 年 2 月多 24,750 人。</blockquote></p><p> <b>Friday 12/10</b></p><p><blockquote><b>12/10星期五</b></blockquote></p><p> Archer-Daniels-Midland holds its global investor day.</p><p><blockquote>Archer-Daniels-Midland 举办全球投资者日。</blockquote></p><p> <a href=\"https://laohu8.com/S/CNC\">Centene</a> holds an investor meeting and will provide financial guidance for 2022.</p><p><blockquote><a href=\"https://laohu8.com/S/CNC\">一百个</a>召开投资者会议，并将提供2022年的财务指导。</blockquote></p><p> The Bureau of Labor Statistics releases the consumer price index for November. Consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously. October’s 6.2% increase was the hottest the CPI has run in more than 30 years, and this past week Federal Reserve Chairman Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> finally ditched “transitory” when discussing inflation before the Senate Banking Committee.</p><p><blockquote>劳工统计局发布11月份消费者价格指数。普遍估计同比增长 6.7%，比 10 月份高出半个百分点。不包括波动较大的食品和能源价格的核心CPI预计将上涨4.8%，而之前为4.6%。10 月份 6.2% 的涨幅是 CPI 30 多年来最热的一次，上周美联储主席杰罗姆<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>在参议院银行委员会讨论通货膨胀问题时，最终放弃了 “过渡性 ”。</blockquote></p><p> The University of Michigan releases its Consumer Sentiment index for December. Economists forecast a 66 reading, slightly less than the November data.</p><p><blockquote>密歇根大学发布12月份消费者信心指数。经济学家预测读数为66，略低于11月份的数据。</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Game Stop, Toll Brothers, Costco, CVS, and Other Stocks to Watch This Week<blockquote>Game Stop、Toll Brothers、Costco、CVS 和本周值得关注的其他股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGame Stop, Toll Brothers, Costco, CVS, and Other Stocks to Watch This Week<blockquote>Game Stop、Toll Brothers、Costco、CVS 和本周值得关注的其他股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-06 07:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Meme stock darling <a href=\"https://laohu8.com/S/GME\">GameStop</a> headlines this week’s earnings report lineup. The videogame retailer reports results after the market closes on Wednesday. <a href=\"https://laohu8.com/S/AZO\">AutoZone</a>, Casey’s <a href=\"https://laohu8.com/S/BGC\">General</a> Stores, and <a href=\"https://laohu8.com/S/TOL\">Toll Brothers</a> report earnings on Tuesday, followed by <a href=\"https://laohu8.com/S/BF.A\">Brown-Forman</a> and <a href=\"https://laohu8.com/S/CPB\">Campbell Soup</a> on Wednesday. <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>, <a href=\"https://laohu8.com/S/COST\">Costco</a> Wholesale, and <a href=\"https://laohu8.com/S/HRL\">Hormel</a> Foods round things out on Thursday.</p><p><blockquote>模因股票宠儿<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>本周财报的头条新闻。这家视频游戏零售商在周三收盘后公布业绩。<a href=\"https://laohu8.com/S/AZO\">自动区</a>凯西的<a href=\"https://laohu8.com/S/BGC\">一般的</a>商店和<a href=\"https://laohu8.com/S/TOL\">收费兄弟</a>周二公布收益，随后<a href=\"https://laohu8.com/S/BF.A\">布朗-福尔曼</a>和<a href=\"https://laohu8.com/S/CPB\">金宝汤</a>星期三。<a href=\"https://laohu8.com/S/AVGO\">博通</a>,<a href=\"https://laohu8.com/S/COST\">好市多</a>批发，以及<a href=\"https://laohu8.com/S/HRL\">荷美尔</a>周四食物圆满结束。</blockquote></p><p> On Monday, <a href=\"https://laohu8.com/S/UNP\">Union Pacific</a> will hold a conference call to discuss its climate action plan. <a href=\"https://laohu8.com/S/MCK\">McKesson</a> and <a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> host their 2021 investor days on Wednesday, followed by <a href=\"https://laohu8.com/S/CVS\">CVS Health</a> and <a href=\"https://laohu8.com/S/TSN\">Tyson</a> Foods on Thursday.</p><p><blockquote>周一，<a href=\"https://laohu8.com/S/UNP\">联合太平洋</a>将召开电话会议讨论其气候行动计划。<a href=\"https://laohu8.com/S/MCK\">麦克森</a>和<a href=\"https://laohu8.com/S/LUV\">西南航空公司</a>周三举办 2021 年投资者日，随后<a href=\"https://laohu8.com/S/CVS\">CVS健康</a>和<a href=\"https://laohu8.com/S/TSN\">泰森</a>周四的食物。</blockquote></p><p> The Federal Reserve’s report on consumer credit data for October will be released on Tuesday. On Thursday, the U.S. Labor Department reports initial jobless claims for the week ending on Dec. 4.</p><p><blockquote>美联储将于周二发布10月份消费信贷数据报告。周四，美国劳工部公布了截至 12 月 4 日当周的首次申请失业救济人数。</blockquote></p><p> The Bureau of Labor Statistics releases the consumer price index for November on Friday. The consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously.</p><p><blockquote>美国劳工统计局周五发布11月份消费者价格指数。普遍估计同比增长 6.7%，比 10 月份高出半个百分点。不包括波动较大的食品和能源价格的核心CPI预计将上涨4.8%，而之前为4.6%。</blockquote></p><p> <b>Monday 12/6</b></p><p><blockquote><b>12/6星期一</b></blockquote></p><p> Union Pacific holds a conference call to discuss its climate action plan.</p><p><blockquote>联合太平洋公司召开电话会议讨论其气候行动计划。</blockquote></p><p> <b>Tuesday 12/7</b></p><p><blockquote><b>星期二 12/7</b></blockquote></p><p> AutoZone, Casey’s General Stores, and Toll Brothers announce quarterly results.</p><p><blockquote>AutoZone、Casey's General Stores 和 Toll Brothers 公布季度业绩。</blockquote></p><p> The Federal Reserve reports on consumer credit data for October. After falling slightly last year, total outstanding consumer debt has risen an average of $20 billion a month through September, and stands at a record $4.37 trillion.</p><p><blockquote>美联储报告10月份消费信贷数据。继去年小幅下降后，截至 9 月份，未偿消费者债务总额平均每月增加 200 亿美元，达到创纪录的 4.37 万亿美元。</blockquote></p><p> <b>Wednesday 12/8</b></p><p><blockquote><b>12/8星期三</b></blockquote></p><p> The BLS releases the Job Openings and Labor Turnover Survey. Economists forecast 10.5 million job openings on the last business day of October, only 600,000 less than the record high of 11.1 million in July.</p><p><blockquote>BLS发布职位空缺和劳动力流动调查。经济学家预测10月最后一个工作日将有1050万个职位空缺，仅比7月份1110万个的历史新高少60万个。</blockquote></p><p> <a href=\"https://laohu8.com/S/BF.B\">Brown-Forman</a>, Campbell Soup, and GameStop report earnings.</p><p><blockquote><a href=\"https://laohu8.com/S/BF.B\">布朗-福尔曼</a>、金宝汤和游戏驿站报告收益。</blockquote></p><p> McKesson and <a href=\"https://laohu8.com/S/OKSB\">Southwest</a> Airlines host their 2021 investor days.</p><p><blockquote>麦克森和<a href=\"https://laohu8.com/S/OKSB\">西南</a>航空公司举办2021年投资者日。</blockquote></p><p> <a href=\"https://laohu8.com/S/EW\">Edwards Lifesciences</a> holds an investor conference in Irvine, Calif. The company will discuss its product pipeline as well as its financial outlook for 2022.</p><p><blockquote><a href=\"https://laohu8.com/S/EW\">爱德华兹生命科学</a>在加利福尼亚州尔湾举行投资者会议。该公司将讨论其产品线以及 2022 年的财务前景。</blockquote></p><p> The Bank of Canada announces its monetary-policy decision. The central bank is expected to keep its key short-term interest rate unchanged at 0.25%. At its late-October meeting, the bank ended its quantitative-easing program and signaled that its first interest-rate hike would be earlier in 2022 than had been expected.</p><p><blockquote>加拿大央行宣布货币政策决定。预计央行将维持关键短期利率在0.25%不变。在 10 月底的会议上，央行结束了量化宽松计划，并表示首次加息将于 2022 年早于预期。</blockquote></p><p> <b>Thursday 12/9</b></p><p><blockquote><b>星期四 12/9</b></blockquote></p><p> Broadcom, Costco Wholesale, and Hormel Foods hold conference calls to discuss quarterly results.</p><p><blockquote>Broadcom、Costco Wholesale 和 Hormel Foods 举行评级会议讨论季度业绩。</blockquote></p><p> CVS Health and Tyson Foods host their annual investor days.</p><p><blockquote>CVS Health 和泰森食品公司举办年度投资者日。</blockquote></p><p> The Department of Labor reports initial jobless claims for the week ending on Dec. 4. Jobless claims averaged 238,750 in November, the lowest since the beginning of the pandemic, and just 24,750 more than in February of 2020.</p><p><blockquote>劳工部报告了截至 12 月 4 日当周的首次申请失业救济人数。11 月份申请失业救济人数平均为 238,750 人，为疫情开始以来的最低水平，仅比 2020 年 2 月多 24,750 人。</blockquote></p><p> <b>Friday 12/10</b></p><p><blockquote><b>12/10星期五</b></blockquote></p><p> Archer-Daniels-Midland holds its global investor day.</p><p><blockquote>Archer-Daniels-Midland 举办全球投资者日。</blockquote></p><p> <a href=\"https://laohu8.com/S/CNC\">Centene</a> holds an investor meeting and will provide financial guidance for 2022.</p><p><blockquote><a href=\"https://laohu8.com/S/CNC\">一百个</a>召开投资者会议，并将提供2022年的财务指导。</blockquote></p><p> The Bureau of Labor Statistics releases the consumer price index for November. Consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously. October’s 6.2% increase was the hottest the CPI has run in more than 30 years, and this past week Federal Reserve Chairman Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> finally ditched “transitory” when discussing inflation before the Senate Banking Committee.</p><p><blockquote>劳工统计局发布11月份消费者价格指数。普遍估计同比增长 6.7%，比 10 月份高出半个百分点。不包括波动较大的食品和能源价格的核心CPI预计将上涨4.8%，而之前为4.6%。10 月份 6.2% 的涨幅是 CPI 30 多年来最热的一次，上周美联储主席杰罗姆<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>在参议院银行委员会讨论通货膨胀问题时，最终放弃了 “过渡性 ”。</blockquote></p><p> The University of Michigan releases its Consumer Sentiment index for December. Economists forecast a 66 reading, slightly less than the November data.</p><p><blockquote>密歇根大学发布12月份消费者信心指数。经济学家预测读数为66，略低于11月份的数据。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/articles/game-stop-toll-brothers-costco-cvs-and-other-stocks-to-watch-this-week-51638734413?mod=barrons-on-marketwatch\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COST":"好市多","CVS":"西维斯健康","TOL":"托尔兄弟","BK4088":"住宅建筑","GME":"游戏驿站"},"source_url":"https://www.marketwatch.com/articles/game-stop-toll-brothers-costco-cvs-and-other-stocks-to-watch-this-week-51638734413?mod=barrons-on-marketwatch","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1179313612","content_text":"Meme stock darling GameStop headlines this week’s earnings report lineup. The videogame retailer reports results after the market closes on Wednesday. AutoZone, Casey’s General Stores, and Toll Brothers report earnings on Tuesday, followed by Brown-Forman and Campbell Soup on Wednesday. Broadcom, Costco Wholesale, and Hormel Foods round things out on Thursday.\nOn Monday, Union Pacific will hold a conference call to discuss its climate action plan. McKesson and Southwest Airlines host their 2021 investor days on Wednesday, followed by CVS Health and Tyson Foods on Thursday.\nThe Federal Reserve’s report on consumer credit data for October will be released on Tuesday. On Thursday, the U.S. Labor Department reports initial jobless claims for the week ending on Dec. 4.\nThe Bureau of Labor Statistics releases the consumer price index for November on Friday. The consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously.\nMonday 12/6\nUnion Pacific holds a conference call to discuss its climate action plan.\nTuesday 12/7\nAutoZone, Casey’s General Stores, and Toll Brothers announce quarterly results.\nThe Federal Reserve reports on consumer credit data for October. After falling slightly last year, total outstanding consumer debt has risen an average of $20 billion a month through September, and stands at a record $4.37 trillion.\nWednesday 12/8\nThe BLS releases the Job Openings and Labor Turnover Survey. Economists forecast 10.5 million job openings on the last business day of October, only 600,000 less than the record high of 11.1 million in July.\nBrown-Forman, Campbell Soup, and GameStop report earnings.\nMcKesson and Southwest Airlines host their 2021 investor days.\nEdwards Lifesciences holds an investor conference in Irvine, Calif. The company will discuss its product pipeline as well as its financial outlook for 2022.\nThe Bank of Canada announces its monetary-policy decision. The central bank is expected to keep its key short-term interest rate unchanged at 0.25%. At its late-October meeting, the bank ended its quantitative-easing program and signaled that its first interest-rate hike would be earlier in 2022 than had been expected.\nThursday 12/9\nBroadcom, Costco Wholesale, and Hormel Foods hold conference calls to discuss quarterly results.\nCVS Health and Tyson Foods host their annual investor days.\nThe Department of Labor reports initial jobless claims for the week ending on Dec. 4. Jobless claims averaged 238,750 in November, the lowest since the beginning of the pandemic, and just 24,750 more than in February of 2020.\nFriday 12/10\nArcher-Daniels-Midland holds its global investor day.\nCentene holds an investor meeting and will provide financial guidance for 2022.\nThe Bureau of Labor Statistics releases the consumer price index for November. Consensus estimate is for a 6.7% year-over-year jump, half a percentage point more than in October. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.8% versus 4.6% previously. October’s 6.2% increase was the hottest the CPI has run in more than 30 years, and this past week Federal Reserve Chairman Jerome Powell finally ditched “transitory” when discussing inflation before the Senate Banking Committee.\nThe University of Michigan releases its Consumer Sentiment index for December. Economists forecast a 66 reading, slightly less than the November data.","news_type":1,"symbols_score_info":{"COST":0.9,"TOL":0.9,"GME":0.9,"CVS":0.9}},"isVote":1,"tweetType":1,"viewCount":1792,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608865432,"gmtCreate":1638684221960,"gmtModify":1638684222105,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/608865432","repostId":"1140678193","repostType":4,"isVote":1,"tweetType":1,"viewCount":1835,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608978867,"gmtCreate":1638609253008,"gmtModify":1638609253155,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"&nbsp;Hi","listText":"&nbsp;Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/608978867","repostId":"1174181873","repostType":4,"repost":{"id":"1174181873","kind":"news","pubTimestamp":1638578178,"share":"https://www.laohunote.com/m/news/1174181873?lang=zh_CN&edition=full","pubTime":"2021-12-04 08:36","market":"us","language":"en","title":"US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国 IPO 周即将到来：数字银行和云基础设施引领 IPO 周 4</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174181873","media":"renaissancecap...","summary":"The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billi","content":"<p>The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.</p><p><blockquote>IPO市场预计将在未来一周回暖，四次IPO计划筹集37亿美元。</blockquote></p><p> Buffett-backed&nbsp;<b>Nu Holdings</b>(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.</p><p><blockquote>巴菲特支持<b>如控股</b>(NU) 计划以 411 亿美元的市值筹集 25 亿美元。这家巴西纯在线银行成立于 2013 年，名为 Nubank，旨在推出免费信用卡产品，提供移动优先的客户体验，但此后已扩展到提供各种其他金融产品。Nu自成立以来发展迅速，目前拥有近5000万客户群，但随着客户群的增长，每位客户的收入一直在下降。</blockquote></p><p> Cloud infrastructure platform&nbsp;<b>HashiCorp</b>(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&amp;M spend.</p><p><blockquote>云基础设施平台<b>哈希公司</b>(HCP) 计划以 140 亿美元的市值筹集 11 亿美元。这家由风险投资支持的公司提供了一套解决方案，可以大规模标准化和自动化云基础设施的配置、保护、连接和运行。虽然 HashiCorp 表现出快速增长和粘性客户群，但由于 S&amp;M 支出，HashiCorp 高度无利可图。</blockquote></p><p> Cannabis finance REIT&nbsp;<b>Chicago Atlantic Real Estate Finance</b>(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.</p><p><blockquote>大麻金融房地产投资信托基金<b>芝加哥大西洋房地产金融</b>(REFI) 计划以 2.96 亿美元的市值筹集 1.06 亿美元。这个新成立的房地产投资信托基金专注于发起、构建和投资第一抵押贷款和由商业房地产担保的替代结构性融资。其目前的投资组合包括向大麻行业国家许可运营商提供的高级贷款。</blockquote></p><p> Canadian gold exploration company&nbsp;<b>Austin Gold</b>(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.</p><p><blockquote>加拿大黄金勘探公司<b>奥斯汀黄金</b>(AUST) 计划以 6400 万美元的市值筹集 1500 万美元。这家加拿大黄金勘探公司目前在内华达州的四处矿产中拥有权益，目前只有一处矿产被认为是重要的。奥斯汀黄金公司迄今为止尚未产生任何营业收入。</blockquote></p><p></p>","source":"lsy1619493174116","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>US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国 IPO 周即将到来：数字银行和云基础设施引领 IPO 周 4</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\">\nUS IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国 IPO 周即将到来：数字银行和云基础设施引领 IPO 周 4</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">renaissancecap...</strong><span class=\"h-time small\">2021-12-04 08:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.</p><p><blockquote>IPO市场预计将在未来一周回暖，四次IPO计划筹集37亿美元。</blockquote></p><p> Buffett-backed&nbsp;<b>Nu Holdings</b>(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.</p><p><blockquote>巴菲特支持<b>如控股</b>(NU) 计划以 411 亿美元的市值筹集 25 亿美元。这家巴西纯在线银行成立于 2013 年，名为 Nubank，旨在推出免费信用卡产品，提供移动优先的客户体验，但此后已扩展到提供各种其他金融产品。Nu自成立以来发展迅速，目前拥有近5000万客户群，但随着客户群的增长，每位客户的收入一直在下降。</blockquote></p><p> Cloud infrastructure platform&nbsp;<b>HashiCorp</b>(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&amp;M spend.</p><p><blockquote>云基础设施平台<b>哈希公司</b>(HCP) 计划以 140 亿美元的市值筹集 11 亿美元。这家由风险投资支持的公司提供了一套解决方案，可以大规模标准化和自动化云基础设施的配置、保护、连接和运行。虽然 HashiCorp 表现出快速增长和粘性客户群，但由于 S&amp;M 支出，HashiCorp 高度无利可图。</blockquote></p><p> Cannabis finance REIT&nbsp;<b>Chicago Atlantic Real Estate Finance</b>(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.</p><p><blockquote>大麻金融房地产投资信托基金<b>芝加哥大西洋房地产金融</b>(REFI) 计划以 2.96 亿美元的市值筹集 1.06 亿美元。这个新成立的房地产投资信托基金专注于发起、构建和投资第一抵押贷款和由商业房地产担保的替代结构性融资。其目前的投资组合包括向大麻行业国家许可运营商提供的高级贷款。</blockquote></p><p> Canadian gold exploration company&nbsp;<b>Austin Gold</b>(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.</p><p><blockquote>加拿大黄金勘探公司<b>奥斯汀黄金</b>(AUST) 计划以 6400 万美元的市值筹集 1500 万美元。这家加拿大黄金勘探公司目前在内华达州的四处矿产中拥有权益，目前只有一处矿产被认为是重要的。奥斯汀黄金公司迄今为止尚未产生任何营业收入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89235/US-IPO-Week-Ahead-Digital-banking-and-cloud-infrastructure-lead-a-4-IPO-wee\">renaissancecap...</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":{"REFI":"Chicago Atlantic Real Estate Finance, Inc.","NU":"Nu Holdings Ltd."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/89235/US-IPO-Week-Ahead-Digital-banking-and-cloud-infrastructure-lead-a-4-IPO-wee","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174181873","content_text":"The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.\nBuffett-backed Nu Holdings(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.\nCloud infrastructure platform HashiCorp(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&M spend.\nCannabis finance REIT Chicago Atlantic Real Estate Finance(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.\nCanadian gold exploration company Austin Gold(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.","news_type":1,"symbols_score_info":{"REFI":0.9,"HCP":0.9,"NU":0.9}},"isVote":1,"tweetType":1,"viewCount":1306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601694308,"gmtCreate":1638519493965,"gmtModify":1638519494108,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/601694308","repostId":"1152114545","repostType":4,"isVote":1,"tweetType":1,"viewCount":1413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603543777,"gmtCreate":1638432830751,"gmtModify":1638432964048,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/603543777","repostId":"1135041968","repostType":4,"isVote":1,"tweetType":1,"viewCount":1390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609789928,"gmtCreate":1638326073768,"gmtModify":1638326211664,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609789928","repostId":"1150549546","repostType":4,"repost":{"id":"1150549546","kind":"news","pubTimestamp":1638325741,"share":"https://www.laohunote.com/m/news/1150549546?lang=zh_CN&edition=full","pubTime":"2021-12-01 10:29","market":"us","language":"en","title":"Don't Sweat the Market Swoon: These 2 Stocks Are Soaring After Hours Tuesday<blockquote>不要担心市场崩溃：这两只股票周二盘后飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150549546","media":"Motley Fool","summary":"The stock market went back into downward-moving mode on Tuesday, giving up gains from Monday and con","content":"<p>The stock market went back into downward-moving mode on Tuesday, giving up gains from Monday and continuing the trend from late last week. Worries that the Federal Reserve might take away accommodative monetary policy despite the rise of the omicron COVID-19 variant had market participants shying away from stocks. Losses for the&nbsp;<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI),<b>S&amp;P 500</b>(SNPINDEX:^GSPC), and&nbsp;<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)were in the neighborhood of 1.5% to 2%.</p><p><blockquote>周二股市重新进入下跌模式，回吐了周一的涨幅，延续了上周末的趋势。尽管奥密克戎 COVID-19 变体有所增加，但人们担心美联储可能会取消宽松货币政策，这导致市场参与者回避股票。亏损<b>道琼斯工业指数</b>(djinindeces:^DJI)，<b>标普500</b>(SNPINDEX:^GSPC)，以及<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）约为 1.5% 至 2%。</blockquote></p><p> Yet after hours on Tuesday, investors found a silver lining in a couple of stocks. Positive earnings reports from&nbsp;<b>Ambarella</b>(NASDAQ:AMBA)and&nbsp;<b>Box</b>(NYSE:BOX)showed that even some&nbsp;high-growth tech stocks can still hold their own in a tough market. Below, we'll look at what the two companies said in their reports and what it could mean for investors.</p><p><blockquote>然而，周二盘后，投资者在几只股票中发现了一线希望。积极的收益报告来自<b>安巴雷拉</b>（纳斯达克股票代码：AMBA）<b>盒子</b>（纽约证券交易所股票代码：BOX）表明，即使是一些高增长的科技股也仍然可以在艰难的市场中站稳脚跟。下面，我们将看看两家公司在报告中所说的内容以及这对投资者意味着什么。</blockquote></p><p> Ambarella's looking anything but chippy</p><p><blockquote>安霸看起来一点也不轻松</blockquote></p><p> Shares of Ambarella jumped more than 13% after hours Tuesday, adding to gains that have seen the stock more than doubled just since August. The semiconductor chipmaker has enjoyed favorable conditions in its industry, and investors have high hopes that the good times could continue.</p><p><blockquote>周二盘后，安霸 (Ambarella) 股价上涨超过 13%，该股自 8 月份以来已上涨一倍多。这家半导体芯片制造商在其行业中享有有利条件，投资者对好日子能够持续寄予厚望。</blockquote></p><p> Ambarella's third-quarter report included some strong figures. Revenue jumped 64% from last year's period. That helped boost adjusted net income to more than six times what it was in the same quarter a year ago. The company saw gross margin levels improve, helping to contribute to greater profitability.</p><p><blockquote>安霸第三季度报告包含一些强劲的数据。收入较去年同期增长 64%。这有助于将调整后净利润提高到去年同期的六倍多。该公司毛利率水平有所提高，有助于提高盈利能力。</blockquote></p><p> Ambarella also offered favorable guidance for the fourth quarter. The company believes it will see revenue at a level consistent with third-quarter performance. Consistent operating expenses and margin could suggest similar levels of profitability as well.</p><p><blockquote>安霸还对第四季度提供了有利的指引。该公司相信，收入将与第三季度业绩保持一致。一致的运营费用和利润率也可能表明类似的盈利水平。</blockquote></p><p> Overall,Ambarella has been pleased&nbsp;since it has made its transition to focus on the combination of artificial intelligence and the Internet of Things, dubbed AIoT for short. Its recent acquisition of Oculii, a provider of imaging radar algorithms, should help the company keep moving in that direction. And in the long run, that should make Ambarella a key player in the technological transformation driving many high-growth areas right now.</p><p><blockquote>总的来说，安霸很高兴，因为它已经转向专注于人工智能和物联网（简称AIoT）的结合。它最近收购了成像雷达算法提供商 Oculii，这应该有助于该公司继续朝着这个方向发展。从长远来看，这应该会使安霸成为目前推动许多高增长领域的技术转型的关键参与者。</blockquote></p><p> Thinking outside the Box</p><p><blockquote>跳出框框思考</blockquote></p><p> Meanwhile, shares of Box were higher by more than 9% in the after-hours session Tuesday. Investors were also pleased to see the content cloud specialist deliver solid third-quarter results.</p><p><blockquote>与此同时，Box 股价在周二盘后交易中上涨超过 9%。投资者也很高兴看到这家内容云专家公布了稳健的第三季度业绩。</blockquote></p><p> Box's numbers might not look all that strong compared to other players in the tech sector, but investors were pleased to see its longer-term strategy play out well. Revenue moved higher by 14% year over year to $224 million, accelerating for the third quarter in a row. Remaining performance obligations jumped 25% to $948 million, and adjusted earnings of $0.22 per share were 10% above where they were in the year-earlier period.</p><p><blockquote>与科技行业的其他参与者相比，Box 的数据可能看起来并不那么强劲，但投资者很高兴看到其长期战略表现良好。收入同比增长 14%，达到 2.24 亿美元，连续第三个季度加速增长。剩余履约义务跃升 25%，达到 9.48 亿美元，调整后每股收益为 0.22 美元，比去年同期增长 10%。</blockquote></p><p> Co-founders Aaron Levie and Dylan Smith expressed their optimism at the latest numbers. Levie pointed to promising new rollouts of products to fight against ransomware and other cybersecurity threats, while Smith noted that Box's net retention rate jumped to 109% and that the company was comfortable boosting its fiscal year 2022 projections for revenue and adjusted earnings per share.</p><p><blockquote>联合创始人亚伦·利维和迪伦·史密斯对最新数据表示乐观。Levie 指出，有望推出新产品来打击勒索软件和其他网络安全威胁，而 Smith 则指出，Box 的净保留率跃升至 109%，并且该公司对提高 2022 财年的收入和调整后每股收益预测感到满意。</blockquote></p><p> Box has seen mixed performance&nbsp;at times this year, but investors seem to be gaining some comfort from the company's progress in executing its longer-term vision. If it can keep up its positive momentum from here, then Box might not be too far away from finally starting to enjoy explosive growth.</p><p><blockquote>Box 今年的业绩有时好坏参半，但投资者似乎从该公司在执行其长期愿景方面取得的进展中获得了一些安慰。如果它能从这里继续保持积极的势头，那么盒子可能离最终开始享受爆炸式增长不远了。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Don't Sweat the Market Swoon: These 2 Stocks Are Soaring After Hours Tuesday<blockquote>不要担心市场崩溃：这两只股票周二盘后飙升</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDon't Sweat the Market Swoon: These 2 Stocks Are Soaring After Hours Tuesday<blockquote>不要担心市场崩溃：这两只股票周二盘后飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-01 10:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The stock market went back into downward-moving mode on Tuesday, giving up gains from Monday and continuing the trend from late last week. Worries that the Federal Reserve might take away accommodative monetary policy despite the rise of the omicron COVID-19 variant had market participants shying away from stocks. Losses for the&nbsp;<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI),<b>S&amp;P 500</b>(SNPINDEX:^GSPC), and&nbsp;<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)were in the neighborhood of 1.5% to 2%.</p><p><blockquote>周二股市重新进入下跌模式，回吐了周一的涨幅，延续了上周末的趋势。尽管奥密克戎 COVID-19 变体有所增加，但人们担心美联储可能会取消宽松货币政策，这导致市场参与者回避股票。亏损<b>道琼斯工业指数</b>(djinindeces:^DJI)，<b>标普500</b>(SNPINDEX:^GSPC)，以及<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）约为 1.5% 至 2%。</blockquote></p><p> Yet after hours on Tuesday, investors found a silver lining in a couple of stocks. Positive earnings reports from&nbsp;<b>Ambarella</b>(NASDAQ:AMBA)and&nbsp;<b>Box</b>(NYSE:BOX)showed that even some&nbsp;high-growth tech stocks can still hold their own in a tough market. Below, we'll look at what the two companies said in their reports and what it could mean for investors.</p><p><blockquote>然而，周二盘后，投资者在几只股票中发现了一线希望。积极的收益报告来自<b>安巴雷拉</b>（纳斯达克股票代码：AMBA）<b>盒子</b>（纽约证券交易所股票代码：BOX）表明，即使是一些高增长的科技股也仍然可以在艰难的市场中站稳脚跟。下面，我们将看看两家公司在报告中所说的内容以及这对投资者意味着什么。</blockquote></p><p> Ambarella's looking anything but chippy</p><p><blockquote>安霸看起来一点也不轻松</blockquote></p><p> Shares of Ambarella jumped more than 13% after hours Tuesday, adding to gains that have seen the stock more than doubled just since August. The semiconductor chipmaker has enjoyed favorable conditions in its industry, and investors have high hopes that the good times could continue.</p><p><blockquote>周二盘后，安霸 (Ambarella) 股价上涨超过 13%，该股自 8 月份以来已上涨一倍多。这家半导体芯片制造商在其行业中享有有利条件，投资者对好日子能够持续寄予厚望。</blockquote></p><p> Ambarella's third-quarter report included some strong figures. Revenue jumped 64% from last year's period. That helped boost adjusted net income to more than six times what it was in the same quarter a year ago. The company saw gross margin levels improve, helping to contribute to greater profitability.</p><p><blockquote>安霸第三季度报告包含一些强劲的数据。收入较去年同期增长 64%。这有助于将调整后净利润提高到去年同期的六倍多。该公司毛利率水平有所提高，有助于提高盈利能力。</blockquote></p><p> Ambarella also offered favorable guidance for the fourth quarter. The company believes it will see revenue at a level consistent with third-quarter performance. Consistent operating expenses and margin could suggest similar levels of profitability as well.</p><p><blockquote>安霸还对第四季度提供了有利的指引。该公司相信，收入将与第三季度业绩保持一致。一致的运营费用和利润率也可能表明类似的盈利水平。</blockquote></p><p> Overall,Ambarella has been pleased&nbsp;since it has made its transition to focus on the combination of artificial intelligence and the Internet of Things, dubbed AIoT for short. Its recent acquisition of Oculii, a provider of imaging radar algorithms, should help the company keep moving in that direction. And in the long run, that should make Ambarella a key player in the technological transformation driving many high-growth areas right now.</p><p><blockquote>总的来说，安霸很高兴，因为它已经转向专注于人工智能和物联网（简称AIoT）的结合。它最近收购了成像雷达算法提供商 Oculii，这应该有助于该公司继续朝着这个方向发展。从长远来看，这应该会使安霸成为目前推动许多高增长领域的技术转型的关键参与者。</blockquote></p><p> Thinking outside the Box</p><p><blockquote>跳出框框思考</blockquote></p><p> Meanwhile, shares of Box were higher by more than 9% in the after-hours session Tuesday. Investors were also pleased to see the content cloud specialist deliver solid third-quarter results.</p><p><blockquote>与此同时，Box 股价在周二盘后交易中上涨超过 9%。投资者也很高兴看到这家内容云专家公布了稳健的第三季度业绩。</blockquote></p><p> Box's numbers might not look all that strong compared to other players in the tech sector, but investors were pleased to see its longer-term strategy play out well. Revenue moved higher by 14% year over year to $224 million, accelerating for the third quarter in a row. Remaining performance obligations jumped 25% to $948 million, and adjusted earnings of $0.22 per share were 10% above where they were in the year-earlier period.</p><p><blockquote>与科技行业的其他参与者相比，Box 的数据可能看起来并不那么强劲，但投资者很高兴看到其长期战略表现良好。收入同比增长 14%，达到 2.24 亿美元，连续第三个季度加速增长。剩余履约义务跃升 25%，达到 9.48 亿美元，调整后每股收益为 0.22 美元，比去年同期增长 10%。</blockquote></p><p> Co-founders Aaron Levie and Dylan Smith expressed their optimism at the latest numbers. Levie pointed to promising new rollouts of products to fight against ransomware and other cybersecurity threats, while Smith noted that Box's net retention rate jumped to 109% and that the company was comfortable boosting its fiscal year 2022 projections for revenue and adjusted earnings per share.</p><p><blockquote>联合创始人亚伦·利维和迪伦·史密斯对最新数据表示乐观。Levie 指出，有望推出新产品来打击勒索软件和其他网络安全威胁，而 Smith 则指出，Box 的净保留率跃升至 109%，并且该公司对提高 2022 财年的收入和调整后每股收益预测感到满意。</blockquote></p><p> Box has seen mixed performance&nbsp;at times this year, but investors seem to be gaining some comfort from the company's progress in executing its longer-term vision. If it can keep up its positive momentum from here, then Box might not be too far away from finally starting to enjoy explosive growth.</p><p><blockquote>Box 今年的业绩有时好坏参半，但投资者似乎从该公司在执行其长期愿景方面取得的进展中获得了一些安慰。如果它能从这里继续保持积极的势头，那么盒子可能离最终开始享受爆炸式增长不远了。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/11/30/dont-sweat-market-swoon-stocks-soaring-after-hours/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMBA":"安霸","BOX":"Box Inc"},"source_url":"https://www.fool.com/investing/2021/11/30/dont-sweat-market-swoon-stocks-soaring-after-hours/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150549546","content_text":"The stock market went back into downward-moving mode on Tuesday, giving up gains from Monday and continuing the trend from late last week. Worries that the Federal Reserve might take away accommodative monetary policy despite the rise of the omicron COVID-19 variant had market participants shying away from stocks. Losses for the Dow Jones Industrial Average(DJINDICES:^DJI),S&P 500(SNPINDEX:^GSPC), and Nasdaq Composite(NASDAQINDEX:^IXIC)were in the neighborhood of 1.5% to 2%.\nYet after hours on Tuesday, investors found a silver lining in a couple of stocks. Positive earnings reports from Ambarella(NASDAQ:AMBA)and Box(NYSE:BOX)showed that even some high-growth tech stocks can still hold their own in a tough market. Below, we'll look at what the two companies said in their reports and what it could mean for investors.\nAmbarella's looking anything but chippy\nShares of Ambarella jumped more than 13% after hours Tuesday, adding to gains that have seen the stock more than doubled just since August. The semiconductor chipmaker has enjoyed favorable conditions in its industry, and investors have high hopes that the good times could continue.\nAmbarella's third-quarter report included some strong figures. Revenue jumped 64% from last year's period. That helped boost adjusted net income to more than six times what it was in the same quarter a year ago. The company saw gross margin levels improve, helping to contribute to greater profitability.\nAmbarella also offered favorable guidance for the fourth quarter. The company believes it will see revenue at a level consistent with third-quarter performance. Consistent operating expenses and margin could suggest similar levels of profitability as well.\nOverall,Ambarella has been pleased since it has made its transition to focus on the combination of artificial intelligence and the Internet of Things, dubbed AIoT for short. Its recent acquisition of Oculii, a provider of imaging radar algorithms, should help the company keep moving in that direction. And in the long run, that should make Ambarella a key player in the technological transformation driving many high-growth areas right now.\nThinking outside the Box\nMeanwhile, shares of Box were higher by more than 9% in the after-hours session Tuesday. Investors were also pleased to see the content cloud specialist deliver solid third-quarter results.\nBox's numbers might not look all that strong compared to other players in the tech sector, but investors were pleased to see its longer-term strategy play out well. Revenue moved higher by 14% year over year to $224 million, accelerating for the third quarter in a row. Remaining performance obligations jumped 25% to $948 million, and adjusted earnings of $0.22 per share were 10% above where they were in the year-earlier period.\nCo-founders Aaron Levie and Dylan Smith expressed their optimism at the latest numbers. Levie pointed to promising new rollouts of products to fight against ransomware and other cybersecurity threats, while Smith noted that Box's net retention rate jumped to 109% and that the company was comfortable boosting its fiscal year 2022 projections for revenue and adjusted earnings per share.\nBox has seen mixed performance at times this year, but investors seem to be gaining some comfort from the company's progress in executing its longer-term vision. If it can keep up its positive momentum from here, then Box might not be too far away from finally starting to enjoy explosive growth.","news_type":1,"symbols_score_info":{"BOX":0.9,"AMBA":0.9}},"isVote":1,"tweetType":1,"viewCount":1742,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609780477,"gmtCreate":1638326054041,"gmtModify":1638326108901,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/609780477","repostId":"1170836911","repostType":4,"repost":{"id":"1170836911","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":1638325856,"share":"https://www.laohunote.com/m/news/1170836911?lang=zh_CN&edition=full","pubTime":"2021-12-01 10:30","market":"fut","language":"en","title":"Nasdaq 100 futures rose nearly 1%, Dow Jones futures rose 0.43%, S&P 500 futures rose 0.71.<blockquote>纳斯达克100指数期货上涨近1%，道琼斯期货上涨0.43%，标普500期货上涨0.71。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170836911","media":"Tiger Newspress","summary":"Nasdaq 100 futures rose nearly 1%, Dow Jones futures rose 0.43%, S&P 500 futures rose 0.71.","content":"<p>Nasdaq 100 futures&nbsp;rose&nbsp;nearly&nbsp;1%,&nbsp;Dow Jones futures&nbsp;rose&nbsp;0.43%,&nbsp;S&amp;P 500 futures&nbsp;rose&nbsp;0.71.<img src=\"https://static.tigerbbs.com/6ac50d4db7a6e6be75344d218d521d0b\" tg-width=\"558\" tg-height=\"187\" referrerpolicy=\"no-referrer\"></p><p><blockquote>纳斯达克100指数期货上涨近1%，道琼斯期货上涨0.43%，标普500期货上涨0.71。</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>Nasdaq 100 futures rose nearly 1%, Dow Jones futures rose 0.43%, S&P 500 futures rose 0.71.<blockquote>纳斯达克100指数期货上涨近1%，道琼斯期货上涨0.43%，标普500期货上涨0.71。</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\">\nNasdaq 100 futures rose nearly 1%, Dow Jones futures rose 0.43%, S&P 500 futures rose 0.71.<blockquote>纳斯达克100指数期货上涨近1%，道琼斯期货上涨0.43%，标普500期货上涨0.71。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-01 10:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Nasdaq 100 futures&nbsp;rose&nbsp;nearly&nbsp;1%,&nbsp;Dow Jones futures&nbsp;rose&nbsp;0.43%,&nbsp;S&amp;P 500 futures&nbsp;rose&nbsp;0.71.<img src=\"https://static.tigerbbs.com/6ac50d4db7a6e6be75344d218d521d0b\" tg-width=\"558\" tg-height=\"187\" referrerpolicy=\"no-referrer\"></p><p><blockquote>纳斯达克100指数期货上涨近1%，道琼斯期货上涨0.43%，标普500期货上涨0.71。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170836911","content_text":"Nasdaq 100 futures rose nearly 1%, Dow Jones futures rose 0.43%, S&P 500 futures rose 0.71.","news_type":1,"symbols_score_info":{"YMmain":0.9,"ESmain":0.9,"NQmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609306263,"gmtCreate":1638236214056,"gmtModify":1638236214405,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/609306263","repostId":"1168673398","repostType":4,"repost":{"id":"1168673398","kind":"news","pubTimestamp":1638235895,"share":"https://www.laohunote.com/m/news/1168673398?lang=zh_CN&edition=full","pubTime":"2021-11-30 09:31","market":"fut","language":"en","title":"Oil prices rise on bets OPEC+ will hold off output hike<blockquote>由于押注 OPEC+ 将推迟增产，油价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168673398","media":"Reuters","summary":"MELBOURNE (Reuters) - Oil prices climbed on Tuesday, extending a rebound from last week's plunge on ","content":"<p>MELBOURNE (Reuters) - Oil prices climbed on Tuesday, extending a rebound from last week's plunge on growing expectations major producers would pause plans to add crude supply in January amid uncertainty over the severity of the Omicron coronavirus variant.</p><p><blockquote>路透墨尔本10月1日 - 油价周二攀升，延续了上周暴跌的反弹势头，因奥密克戎冠状病毒变种的严重性存在不确定性，市场预期主要产油国将暂停1月份增加原油供应的计划。</blockquote></p><p> U.S. West Texas Intermediate (WTI) crude futures jumped 99 cents, or 1.4%, to $70.94 a barrel at 0105 GMT, adding to a 2.6% rise on Monday.</p><p><blockquote>格林尼治标准时间 0105，美国西德克萨斯中质原油 (WTI) 原油期货上涨 99 美分，涨幅 1.4%，至每桶 70.94 美元，周一上涨 2.6%。</blockquote></p><p> Brent crude futures climbed 82 cents, or 1.1%, to $74.26 a barrel, after gaining 1% on Monday.</p><p><blockquote>布伦特原油期货上涨 82 美分，涨幅 1.1%，至每桶 74.26 美元，周一上涨 1%。</blockquote></p><p> Oil plunged around 12% on Friday along with other markets on fears the heavily mutated Omicron would spark fresh lockdowns and dent global growth.</p><p><blockquote>由于担心严重变异的奥密克戎将引发新的封锁并削弱全球增长，油价周五与其他市场一起暴跌约 12%。</blockquote></p><p> The World Health Organization said on Monday Omicron posed a very high risk of infection surges, and several countries stepped up travel curbs. It is still unclear how severe the new variant is and whether it can resist existing vaccines.</p><p><blockquote>世界卫生组织周一表示，奥密克戎感染激增的风险非常高，一些国家加强了旅行限制。目前尚不清楚这种新变种有多严重，是否能抵抗现有疫苗。</blockquote></p><p> With the demand outlook under a cloud, expectations are growing that the Organization of the Petroleum Exporting countries, Russia and their allies, together called OPEC+, due to meet on Dec. 2 will put on hold plans to add 400,000 barrels per day (bpd) of supply in January.</p><p><blockquote>随着需求前景黯淡，人们越来越预期石油输出国组织、俄罗斯及其盟友（统称为石油输出国组织+）将于12月2日召开会议，将搁置1月份每天增加40万桶石油的计划。</blockquote></p><p> \"We think the group will lean towards pausing output hikes in light of the Omicron variant and the oil stockpile release by major oil consumers,\" Commonwealth Bank commodities analyst Vivek Dhar said in a note.</p><p><blockquote>联邦银行大宗商品分析师维韦克·达尔在一份报告中表示：“鉴于奥密克戎变体和主要石油消费国释放石油库存，我们认为该集团将倾向于暂停增产。”</blockquote></p><p> Pressure was already growing within OPEC+ to reconsider its supply plan after last week's release of emergency crude reserves by the United States and other major oil-consuming nations to address soaring prices.</p><p><blockquote>在美国和其他主要石油消费国上周释放紧急原油储备以应对油价飙升后，欧佩克+内部要求重新考虑其供应计划的压力已经越来越大。</blockquote></p><p> \"Following the global strategic reserve releases and the announcement of dozens of countries restricting travel to and from South Africa and neighbouring nations, OPEC and its allies can easily justify an output halt or even a slight cut in production,\" OANDA analyst Edward Moya said in a note.</p><p><blockquote>OANDA 分析师爱德华·莫亚 (Edward Moya) 表示：“在全球战略储备释放以及数十个国家宣布限制往返南非和邻国的旅行之后，欧佩克及其盟友可以轻松证明停止产量甚至小幅减产是合理的。”在一份报告中。</blockquote></p><p> Also weighing on the market is the prospect of a resumption of oil exports from Iran, following upbeat comments from diplomats as talks resumed on Monday between world powers and Iran on reviving a nuclear pact.</p><p><blockquote>伊朗恢复石油出口的前景也给市场带来压力，此前世界大国和伊朗周一恢复了关于恢复核协议的谈判，外交官们发表了乐观的评论。</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil prices rise on bets OPEC+ will hold off output hike<blockquote>由于押注 OPEC+ 将推迟增产，油价上涨</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\">\nOil prices rise on bets OPEC+ will hold off output hike<blockquote>由于押注 OPEC+ 将推迟增产，油价上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-30 09:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>MELBOURNE (Reuters) - Oil prices climbed on Tuesday, extending a rebound from last week's plunge on growing expectations major producers would pause plans to add crude supply in January amid uncertainty over the severity of the Omicron coronavirus variant.</p><p><blockquote>路透墨尔本10月1日 - 油价周二攀升，延续了上周暴跌的反弹势头，因奥密克戎冠状病毒变种的严重性存在不确定性，市场预期主要产油国将暂停1月份增加原油供应的计划。</blockquote></p><p> U.S. West Texas Intermediate (WTI) crude futures jumped 99 cents, or 1.4%, to $70.94 a barrel at 0105 GMT, adding to a 2.6% rise on Monday.</p><p><blockquote>格林尼治标准时间 0105，美国西德克萨斯中质原油 (WTI) 原油期货上涨 99 美分，涨幅 1.4%，至每桶 70.94 美元，周一上涨 2.6%。</blockquote></p><p> Brent crude futures climbed 82 cents, or 1.1%, to $74.26 a barrel, after gaining 1% on Monday.</p><p><blockquote>布伦特原油期货上涨 82 美分，涨幅 1.1%，至每桶 74.26 美元，周一上涨 1%。</blockquote></p><p> Oil plunged around 12% on Friday along with other markets on fears the heavily mutated Omicron would spark fresh lockdowns and dent global growth.</p><p><blockquote>由于担心严重变异的奥密克戎将引发新的封锁并削弱全球增长，油价周五与其他市场一起暴跌约 12%。</blockquote></p><p> The World Health Organization said on Monday Omicron posed a very high risk of infection surges, and several countries stepped up travel curbs. It is still unclear how severe the new variant is and whether it can resist existing vaccines.</p><p><blockquote>世界卫生组织周一表示，奥密克戎感染激增的风险非常高，一些国家加强了旅行限制。目前尚不清楚这种新变种有多严重，是否能抵抗现有疫苗。</blockquote></p><p> With the demand outlook under a cloud, expectations are growing that the Organization of the Petroleum Exporting countries, Russia and their allies, together called OPEC+, due to meet on Dec. 2 will put on hold plans to add 400,000 barrels per day (bpd) of supply in January.</p><p><blockquote>随着需求前景黯淡，人们越来越预期石油输出国组织、俄罗斯及其盟友（统称为石油输出国组织+）将于12月2日召开会议，将搁置1月份每天增加40万桶石油的计划。</blockquote></p><p> \"We think the group will lean towards pausing output hikes in light of the Omicron variant and the oil stockpile release by major oil consumers,\" Commonwealth Bank commodities analyst Vivek Dhar said in a note.</p><p><blockquote>联邦银行大宗商品分析师维韦克·达尔在一份报告中表示：“鉴于奥密克戎变体和主要石油消费国释放石油库存，我们认为该集团将倾向于暂停增产。”</blockquote></p><p> Pressure was already growing within OPEC+ to reconsider its supply plan after last week's release of emergency crude reserves by the United States and other major oil-consuming nations to address soaring prices.</p><p><blockquote>在美国和其他主要石油消费国上周释放紧急原油储备以应对油价飙升后，欧佩克+内部要求重新考虑其供应计划的压力已经越来越大。</blockquote></p><p> \"Following the global strategic reserve releases and the announcement of dozens of countries restricting travel to and from South Africa and neighbouring nations, OPEC and its allies can easily justify an output halt or even a slight cut in production,\" OANDA analyst Edward Moya said in a note.</p><p><blockquote>OANDA 分析师爱德华·莫亚 (Edward Moya) 表示：“在全球战略储备释放以及数十个国家宣布限制往返南非和邻国的旅行之后，欧佩克及其盟友可以轻松证明停止产量甚至小幅减产是合理的。”在一份报告中。</blockquote></p><p> Also weighing on the market is the prospect of a resumption of oil exports from Iran, following upbeat comments from diplomats as talks resumed on Monday between world powers and Iran on reviving a nuclear pact.</p><p><blockquote>伊朗恢复石油出口的前景也给市场带来压力，此前世界大国和伊朗周一恢复了关于恢复核协议的谈判，外交官们发表了乐观的评论。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/oil-prices-rise-bets-opec-011923039.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/oil-prices-rise-bets-opec-011923039.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168673398","content_text":"MELBOURNE (Reuters) - Oil prices climbed on Tuesday, extending a rebound from last week's plunge on growing expectations major producers would pause plans to add crude supply in January amid uncertainty over the severity of the Omicron coronavirus variant.\nU.S. West Texas Intermediate (WTI) crude futures jumped 99 cents, or 1.4%, to $70.94 a barrel at 0105 GMT, adding to a 2.6% rise on Monday.\nBrent crude futures climbed 82 cents, or 1.1%, to $74.26 a barrel, after gaining 1% on Monday.\nOil plunged around 12% on Friday along with other markets on fears the heavily mutated Omicron would spark fresh lockdowns and dent global growth.\nThe World Health Organization said on Monday Omicron posed a very high risk of infection surges, and several countries stepped up travel curbs. It is still unclear how severe the new variant is and whether it can resist existing vaccines.\nWith the demand outlook under a cloud, expectations are growing that the Organization of the Petroleum Exporting countries, Russia and their allies, together called OPEC+, due to meet on Dec. 2 will put on hold plans to add 400,000 barrels per day (bpd) of supply in January.\n\"We think the group will lean towards pausing output hikes in light of the Omicron variant and the oil stockpile release by major oil consumers,\" Commonwealth Bank commodities analyst Vivek Dhar said in a note.\nPressure was already growing within OPEC+ to reconsider its supply plan after last week's release of emergency crude reserves by the United States and other major oil-consuming nations to address soaring prices.\n\"Following the global strategic reserve releases and the announcement of dozens of countries restricting travel to and from South Africa and neighbouring nations, OPEC and its allies can easily justify an output halt or even a slight cut in production,\" OANDA analyst Edward Moya said in a note.\nAlso weighing on the market is the prospect of a resumption of oil exports from Iran, following upbeat comments from diplomats as talks resumed on Monday between world powers and Iran on reviving a nuclear pact.","news_type":1,"symbols_score_info":{"BZmain":0.9,"CLmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":184417481,"gmtCreate":1623721529543,"gmtModify":1634029590526,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586228965364851","idStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Wow, like and comment please","listText":"Wow, like and comment please","text":"Wow, like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/184417481","repostId":"1126626020","repostType":4,"isVote":1,"tweetType":1,"viewCount":1150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186034595,"gmtCreate":1623464802517,"gmtModify":1634032823903,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586228965364851","idStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Like and comment please","listText":"Like and comment please","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/186034595","repostId":"2142204074","repostType":4,"isVote":1,"tweetType":1,"viewCount":962,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833707476,"gmtCreate":1629260427195,"gmtModify":1631884445450,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586228965364851","idStr":"3586228965364851"},"themes":[],"title":"","htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/833707476","repostId":"1195810252","repostType":4,"repost":{"id":"1195810252","kind":"news","pubTimestamp":1629258706,"share":"https://www.laohunote.com/m/news/1195810252?lang=zh_CN&edition=full","pubTime":"2021-08-18 11:51","market":"us","language":"en","title":"Palantir: Lord Of Growth, ARK Invest, And Becoming Lord Of The Market<blockquote>Palantir：增长之王、方舟投资，成为市场之王</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1195810252","media":"seekingalpha","summary":"Summary\n\nPalantir increased its full-year 2021 adjusted free cash flow outlook by 100% and is now pr","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Palantir increased its full-year 2021 adjusted free cash flow outlook by 100% and is now projecting $300+ million while maintaining its 30%+ annual revenue growth through 2025.</li>  <li>Palantir added 20 new customers in Q2 2021, its average revenue per customer increased 19% to $7.9 million, and average revenue per top 20 customers grew 36% to $39 million.</li>  <li>Palantir ended Q2 2021 with $3.4 billion in total remaining deal value, which was an increase of 63% YoY.</li>  <li>I believe Palantir is being conservative, and based on its growth rates, will exceed $400 million in Q3 2021 revenue and produce another earnings beat.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/83b3fc1e0f8404557baa075b9aa8d122\" tg-width=\"768\" tg-height=\"516\" width=\"100%\" height=\"auto\"><span>Scott Olson/Getty Images News</span></p><p><blockquote><ul><li>Palantir 将 2021 年全年调整后自由现金流前景上调了 100%，目前预计将达到 3 亿多美元，同时到 2025 年保持 30% 以上的年收入增长。</li><li>Palantir在2021年第二季度增加了20个新客户，每个客户的平均收入增长了19%，达到790万美元，前20个客户的平均收入增长了36%，达到3900万美元。</li><li>截至 2021 年第二季度，Palantir 的剩余交易总价值为 34 亿美元，同比增长 63%。</li><li>我相信 Palantir 是保守的，根据其增长率，2021 年第三季度的收入将超过 4 亿美元，并再次实现盈利增长。</li></ul><p class=\"t-img-caption\"><span>斯科特奥尔森/盖蒂图片社新闻</span></p></blockquote></p><p> Only time will tell if the bears concede and reverse their stance on Palantir(NYSE:PLTR). It's been a tug of war, and commentators have made&nbsp;statements&nbsp;such as \"I think it's too much of a black box to get a real read on the business.\"PLTR&nbsp;is coming out of earnings season as the lord of the earnings as revenue increased by 49% YoY, and PLTR raises its 2021 full-year outlook.ARK Invest&nbsp;took the opportunity to add 5.2 million shares on Thursday after earnings were announced through six individual purchases throughout the day. I continuously become more bullish on PLTR after each earnings report, and Q2 2021 didn't disappoint.</p><p><blockquote>只有时间才能证明空头是否会让步并改变对 Palantir（纽约证券交易所股票代码：PLTR）的立场。这是一场拉锯战，评论员发表了诸如“我认为这太多黑匣子了，无法真正了解这项业务。”随着收入同比增长 49%，PLTR 在财报季结束后成为盈利之王，PLTR 上调了 2021 年全年展望。 ARK Invest 在全天公布六笔个人购买收益后，于周四借此机会增持了 520 万股股票。每次收益报告发布后，我都会变得更加看好 PLTR，2021 年第二季度也没有让人失望。</blockquote></p><p> Over the last decade, software companies have experienced an extraordinary bull market as the evolution of technology transformed the business landscape. Regardless of the sector, evolution never stops, and in 2021, technology has become the backbone of enterprise. I wish the bears would get past the fact that PLTR can't discuss part of its business as it's a matter of national security. Being a top vendor with the United States government is positive, and all that matters are the numbers being reported. As investors, we don't need the details of what PLTR is doing with the military. The United States Government and PLTR both report what entities are doing business with PLTR, the contract duration, and the monetary value of the contract. The second jab bears would make against PLTR was the lack of commercial contracts. After the first six months of 2021, PLTR has put this to bed as its commercial customer count grew by 20% QoQ while commercial revenue increased 28% YoY. PLTR is becoming one of the most important software companies of the decade, and we have only begun to scratch the surface.</p><p><blockquote>在过去十年中，随着技术的发展改变了商业格局，软件公司经历了非凡的牛市。无论哪个行业，进化从未停止，2021年，技术已经成为企业的脊梁。我希望熊市能够克服PLTR不能讨论其部分业务的事实，因为这是国家安全问题。成为美国政府的顶级供应商是积极的，重要的是报告的数字。作为投资者，我们不需要 PLTR 与军方合作的细节。美国政府和PLTR都报告哪些实体与PLTR有业务往来、合同期限和合同的货币价值。熊队对PLTR的第二个批评是缺乏商业合同。2021 年前六个月后，PLTR 的商业客户数量环比增长 20%，而商业收入同比增长 28%，从而结束了这一局面。PLTR正在成为十年来最重要的软件公司之一，而我们才刚刚开始触及表面。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/99232f45d9109619c997717e11f2cba2\" tg-width=\"640\" tg-height=\"362\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> <b>Palantir continues to strengthen its government business</b></p><p><blockquote><b>Palantir 继续加强其政府业务</b></blockquote></p><p> As an American, I am proud to be a shareholder of PLTR. We need more companies aligned with providing the best solutions possible to our government agencies. PLTR continues to strengthen its relationship with the most powerful government globally, which is mutually beneficial. The United States Government gets the most sophisticated software applications while PLTR generates millions in additional revenue each quarter. Going back to PLTR's&nbsp;previous quarterly presentations, I mapped out the government business sector's growth. I would ask why the stigma of being a \"black box\" diminishes PLTR as the numbers are reported, and that's what matters?</p><p><blockquote>作为一名美国人，我很自豪能够成为 PLTR 的股东。我们需要更多的公司为我们的政府机构提供尽可能好的解决方案。PLTR继续加强与全球最强大政府的关系，这是互惠互利的。美国政府获得最复杂的软件应用，而PLTR每个季度产生数百万美元的额外收入。回到PLTR之前的季度演示，我描绘了政府商业部门的增长。我会问，为什么随着数字的报道，作为“黑匣子”的耻辱会减少PLTR，这才是最重要的？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7325d0dd43a97bbc6426a6f2bda7b460\" tg-width=\"640\" tg-height=\"373\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> Over the past seven quarters, PLTR has increased its quarterly revenue from its government contracts by 139.18% ($135 million). PLTR's average quarterly growth rate has been 13.24% as they have added an average of $19.29 million in government contract value to its revenue since Q3 2019. When looking at the trailing twelve months (TTM) quarterly, PLTR has increased its TTM government revenue by $335 million (73.14%) over the past year. PLTR's TTM revenue at the end of Q2 2021 has grown to $793 million from $458 million in Q2 2020. Over the past four quarters, PLTR's government revenue TTM has grown by an average of $83.75 million with an average growth rate of 18.29% QoQ.</p><p><blockquote>在过去的七个季度中，PLTR 的政府合同季度收入增长了 139.18%（1.35 亿美元）。PLTR的平均季度增长率为13.24%，因为自2019年第三季度以来，他们的收入平均增加了1929万美元的政府合同价值。从过去 12 个月 (TTM) 的季度来看，PLTR 在过去一年中将 TTM 政府收入增加了 3.35 亿美元 (73.14%)。PLTR 截至 2021 年第二季度末的 TTM 收入已从 2020 年第二季度的 4.58 亿美元增长至 7.93 亿美元。过去四个季度，PLTR的政府收入TTM平均增长了8375万美元，平均环比增长率为18.29%。</blockquote></p><p></p><p> It's perplexing how individuals neglect to give PLTR's government business the credit it deserves. InQ2 2021, PLTR signed new deals with the U.S. Army, Air Force, and Coast Guard, including a two-year $100 million deal with SOCOM. PLTR also signed new contracts with HHS and the CDC. This included expanding PLTR's efforts to help the U.S. manage vaccine production, distribution, and administration. Using the&nbsp;Federal Procurement Data System&nbsp;as a source of reference, PLTR had inked 17 government contracts that had been uploaded. Reading through the agencies PLTR supports, including the U.S. Coast Guard, the Securities and Exchange Commission, the Internal Revenue Service, the Federal Aviation Administration, and the Food and Drug Administration, PLTR continues to solidify itself as one of the premier vendors to good old Uncle Sam.</p><p><blockquote>令人困惑的是，个人如何忽视给予PLTR的政府业务应有的信任。2021 年第二季度，PLTR 与美国陆军、空军和海岸警卫队签署了新协议，其中包括与 SOCOM 签署的为期两年、价值 1 亿美元的协议。PLTR还与HHS和疾病预防控制中心签署了新的合同。这包括扩大 PLTR 帮助美国管理疫苗生产、分销和管理的努力。PLTR使用联邦采购数据系统作为参考来源，签署了17份已上传的政府合同。通读PLTR支持的机构，包括美国海岸警卫队、证券交易委员会、美国国税局、联邦航空管理局和美国食品药品监督管理局，PLTR继续巩固自己作为好老山姆大叔的主要供应商之一的地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/89cfe7d516eccbc1e388ce2c9d9bf22d\" tg-width=\"624\" tg-height=\"239\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Federal Procurement Data System)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（资料来源：Steven Fiorillo）（数据来源：联邦采购数据系统）</span></p></blockquote></p><p> <b>Palantir's commercial business is becoming larger</b></p><p><blockquote><b>Palantir 的商业业务正在扩大</b></blockquote></p><p> One of the major complaints and criticisms from the bears has been the lack of commercial business PLTR generated. Many had subscribed to the logic that building the rapport on the commercial side would be challenging because PLTR was a black box, and nobody knew what they did. Many had indicated that this wouldn't be a worthwhile investment unless PLTR could prove that their software could be utilized and implemented on the commercial side. It turns out that PLTR continues to blow holes directly through this theory as the commercial side continues to grow.</p><p><blockquote>熊市的主要抱怨和批评之一是缺乏商业业务 PLTR。许多人都认同这样的逻辑，即在商业方面建立融洽关系将具有挑战性，因为PLTR是一个黑匣子，没有人知道他们在做什么。许多人表示，除非 PLTR 能够证明他们的软件可以在商业方面使用和实施，否则这将是一项不值得的投资。事实证明，随着商业方面的不断增长，PLTR继续直接通过这一理论漏洞。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/46599961a2896393d62866415c1041ab\" tg-width=\"640\" tg-height=\"362\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> At the end of Q2 2021, PLTR had increased their commercial revenue quarterly by $50 million (53.2%) over the past seven quarters. PLTR has experienced QoQ growth at an average rate of $7.14 million or 7.6%. At the end of Q2 2020, PLTR had generated $443 million in revenue from its commercial business contracts for the TTM. Over the past year, this had increased by $93 million or 21%, as commercial accounted for $536 million of PLTR's revenue in the TTM. Over the past four quarters, PLTR's commercial TTM revenue has increased at an average of $23.25 million or 4.91% QoQ.</p><p><blockquote>截至 2021 年第二季度末，PLTR 的商业收入在过去七个季度中每季度增加 5000 万美元（53.2%）。PLTR 的环比增长率平均为 714 万美元，增长率为 7.6%。截至 2020 年第二季度末，PLTR 从其 TTM 商业业务合同中产生了 4.43 亿美元的收入。在过去的一年里，这一数字增加了 9300 万美元，即 21%，因为商业占 PLTR 在 TTM 中收入的 5.36 亿美元。过去四个季度，PLTR 的商业 TTM 收入平均增长 2325 万美元，环比增长 4.91%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/451518a91166bccfcbbc7d6207923cb1\" tg-width=\"640\" tg-height=\"373\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> <b>Palantir continues to be a growth machine from contracts down to its customers</b></p><p><blockquote><b>从合同到客户，Palantir 仍然是增长机器</b></blockquote></p><p> Business is flourishing at PLTR as its Q2 and first half 2021 revenue both increased by 49% YoY. In Q2 2021, PLTR's overall revenue increased from $252 million ($112 million commercial, $140 million government) to $376 million ($144 million commercial, $232 million government). For the first half of 2021, PLTR has generated $717 million in revenue compared to $481 million for the same period in 2020, increasing $236 million. Over the past seven quarters, PLTR's total revenue has increased at an average rate of $26.43 million or 10.32% QoQ.</p><p><blockquote>PLTR 业务蓬勃发展，2021 年第二季度和上半年收入均同比增长 49%。2021年第二季度，PLTR的总收入从2.52亿美元（1.12亿美元商业，1.4亿美元政府）增加到3.76亿美元（1.44亿美元商业，2.32亿美元政府）。2021年上半年，PLTR创造了7.17亿美元的收入，而2020年同期为4.81亿美元，增加了2.36亿美元。过去七个季度，PLTR 的总收入平均增长率为 2643 万美元，环比增长 10.32%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3c45075d03249129a54c5e54c77da358\" tg-width=\"640\" tg-height=\"373\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> Every important metric is increasing for PLTR, and the bears should pay attention to these metrics. In Q2, PLTR added 20 new customers as their total commercial customer count increased 13% QoQ to 169. Since the close of 2020, in the first half of 2021, PLTR has increased its commercial customers by 21.58%. PLTR closed Q2 with $3.4 billion in total remaining deal value, which was an increase of 63% YoY, growing from $2.1 billion at the end of Q2 2020. PLTR's average revenue generated per customer has increased 19% from $6.6 million to $7.9 million for the TTM at the end of Q2 2021, compared to Q2 2020. What's more impressive is the growth throughout PLTR's largest customers. PLTR's average revenue per top 20 customers has increased by 36%, from $29 million to $39 million YoY for the TTM.</p><p><blockquote>PLTR 的每一个重要指标都在增加，空头应该关注这些指标。第二季度，PLTR 新增 20 家客户，商业客户总数环比增长 13%，达到 169 家。自2020年底以来，2021年上半年，PLTR的商业客户增加了21.58%。PLTR 第二季度末的剩余交易总价值为 34 亿美元，同比增长 63%，高于 2020 年第二季度末的 21 亿美元。与 2020 年第二季度相比，PLTR 在 2021 年第二季度末的 TTM 中每个客户产生的平均收入增长了 19%，从 660 万美元增加到 790 万美元。更令人印象深刻的是 PLTR 最大客户的增长。PLTR 每个前 20 名客户的平均收入增长了 36%，从 TTM 的每年 2900 万美元增加到 3900 万美元。</blockquote></p><p></p><p> Many companies that are considered growth companies have impressive revenue gains, but what separates PLTR from others is their increasing margins and adjusted free cash flow. As PLTR gains customers and signed contracts, their margins have been improving, which has led to positive free cash flow. PLTR's adjusted gross margin is 82%, and its contribution margin is 58%. In Q2 2021, PLTR produced $117 million in adjusted operating income, which increased $88 million (303.45%) YoY. PLTR's adjusted operating margin came in at 31% compared to their 23% guidance level. In the first half of 2020, PLTR reported -$232 million of adjusted free cash flow. Over the past year, PLTR has made tremendous progress as their adjusted free cash flow in the first half of 2021 was $201 million, which represented a margin of 28%.</p><p><blockquote>许多被认为是成长型公司的公司都有令人印象深刻的收入增长，但 PLTR 与其他公司的区别在于其不断增长的利润率和调整后的自由现金流。随着PLTR获得客户并签署合同，他们的利润率一直在提高，这带来了正的自由现金流。PLTR调整后毛利率为82%，贡献率为58%。2021 年第二季度，PLTR 调整后经营利润为 1.17 亿美元，同比增加 8800 万美元（303.45%）。PLTR 调整后的营业利润率为 31%，而指导水平为 23%。2020 年上半年，PLTR 报告调整后自由现金流为 -2.32 亿美元。过去一年，PLTR取得了巨大进展，2021年上半年调整后自由现金流为2.01亿美元，利润率为28%。</blockquote></p><p> PLTR is growing its commercial customers, gaining government contracts, increasing its revenue quarterly, and is free cash flow positive. PLTR raised its 2021 full-year guidance and confirmed the theory by many PLTR bulls that their guidance was conservative. PLTR increased its adjusted free cash flow guidance by 100% as it increased from $150 million to $300 million for 2021. PLTR is still projecting a 30% revenue growth rate for 2021 and on an annual basis through 2025. PLTR has set the bar for Q3 2021 at $385 million for total revenue, which would be a QoQ increase of $9 million (2.4%) and a YoY increase of $95 million (32.76%).</p><p><blockquote>PLTR 正在增加其商业客户，获得政府合同，每季度增加其收入，并且自由现金流为正。PLTR上调了2021年全年指引，并证实了许多PLTR多头的理论，即他们的指引是保守的。PLTR将其调整后的自由现金流指引提高了100%，2021年从1.5亿美元增加到3亿美元。PLTR 仍预计 2021 年和 2025 年的年收入增长率为 30%。PLTR将2021年第三季度的总收入设定为3.85亿美元，环比增长900万美元（2.4%），同比增长9500万美元（32.76%）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/28cf6fb10eaa83fcdee57a7faa0f478e\" tg-width=\"640\" tg-height=\"728\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> <b>Palantir is most likely understating Q3 2021 revenue estimates</b></p><p><blockquote><b>Palantir 很可能低估了 2021 年第三季度的收入预期</b></blockquote></p><p> PLTR&nbsp;guided for $385 million revenue in Q3 2021. I will make an educated prediction and say this is low, and the actual number will be closer to $406 million. Going back to Q3 2019, PLTR has grown its commercial customer quarterly revenue at an average rate of 7.14% QoQ. PLTR's government revenue has increased at an average rate of 13.34% QoQ since Q3 2019. Putting these growth rates to the side for a moment, PLTR has inked five new contracts in Q3 2021 according to the Federal Procurement Data System for a total contract value of $102.82 million, of which $14.78 million are current action obligations. This indicates that growth will be similar to previous quarters on the government side as this is on pace with Q2 2021.</p><p><blockquote>PLTR 预计 2021 年第三季度收入为 3.85 亿美元。我会做一个有根据的预测，说这是低的，实际数字将接近4.06亿美元。回到 2019 年第三季度，PLTR 的商业客户季度收入平均环比增长 7.14%。自2019年第三季度以来，PLTR的政府收入平均环比增长13.34%。暂时把这些增长率放在一边，根据联邦采购数据系统，PLTR在2021年第三季度签署了五份新合同，合同总价值为1.0282亿美元，其中1478万美元是当前行动义务。这表明政府方面的增长将与前几个季度相似，因为这与 2021 年第二季度同步。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c231bdbc525594bc8fec4ab79cf996cb\" tg-width=\"624\" tg-height=\"96\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Federal Procurement Data System)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（资料来源：Steven Fiorillo）（数据来源：联邦采购数据系统）</span></p></blockquote></p><p> Assuming that PLTR's growth rates follow its previous trend and I use a conservative estimate of 5% on the commercial side and 10% on the government side, PLTR would generate $151.20 million in revenue from the commercial business and $255.20 million from the government business for a total of $406.40 million in total Q3 revenue. Using the same methodology, PLTR would generate $439.48 million in Q4 2021 total revenue placing their total annual revenue for 2021 at $1.562.88 billion. If this works out, PLTR's prediction of 30% plus revenue growth in 2021 would be an understatement as its revenue would grow by $469.88 million YoY or 42.99%. I would also assume that the increased guidance for the adjusted free cash flow of $300+ million would be on the low end.</p><p><blockquote>假设 PLTR 的增长率遵循之前的趋势，并且我保守估计商业方面为 5%，政府方面为 10%，那么 PLTR 将从商业业务中产生 1.512 亿美元的收入，从政府业务中产生 2.552 亿美元的收入，第三季度总收入为 4.064 亿美元。使用相同的方法，PLTR 将在 2021 年第四季度产生 4.3948 亿美元的总收入，使其 2021 年的总收入达到 15.628.8 亿美元。如果实现这一目标，PLTR 对 2021 年收入增长 30% 以上的预测将是保守的，因为其收入将同比增长 4.6988 亿美元，即 42.99%。我还假设调整后自由现金流 3 亿多美元的增加指导将处于低端。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30733619dbdb3bff53f3348208a9d46c\" tg-width=\"624\" tg-height=\"247\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> <b>ARK Invest loaded the boat and purchased 5.2 million shares after Thursday's earnings were released</b></p><p><blockquote><b>周四财报发布后，ARK Invest 上船购买了 520 万股股票</b></blockquote></p><p> I know that some readers dislike when I discuss the trades over at ARK Invest regarding PLTR, so I will apologize in advance. I apologize to anyone who I offend. Personally, I love when ARK Invest buys shares because Cathie Wood and her team have tremendous foresight when spotting future trends. The email notification I received from ARK Invest Thursday trades made my jaw drop. PLTR was added across the board to theirsix active ETFswith the following allocations:</p><p><blockquote>我知道有些读者不喜欢我在 ARK Invest 讨论有关 PLTR 的交易，所以我会提前道歉。我向我冒犯的任何人道歉。就我个人而言，我喜欢 ARK Invest 购买股票，因为 Cathie Wood 和她的团队在发现未来趋势时具有非凡的远见。我从ARK Invest Thursday trades收到的电子邮件通知让我瞠目结舌。PLTR 被全面纳入其六只活跃 ETF，配置如下：</blockquote></p><p> <ul>  <li>ARK Innovation ETF(NYSEARCA:ARKK)2.29 million shares</li>  <li>ARK Genomic Revolution Multi-Sector ETF(BATS:ARKG)1.72 million shares</li>  <li>ARK Next Generation Internet ETF(NYSEARCA:ARKW)587,000 shares</li>  <li>ARK Autonomous Technology &amp; Robotics ETF(BATS:ARKQ)559,000 shares</li>  <li>ARK Fintech Innovation ETF(NYSEARCA:ARKF)370,000 shares</li>  <li>ARK Space Exploration ETF(BATS:ARKX)61,000 shares</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d3bdea6effd5d278e32854efcca02047\" tg-width=\"640\" tg-height=\"1165\" width=\"100%\" height=\"auto\"><span>(Source: ARK Invest)</span></p><p><blockquote><ul><li>方舟创新 ETF(NYSEARCA:ARKK)229 万股</li><li>ARK Genomic Revolution 多部门 ETF(BATS:ARKG)172 万股</li><li>方舟下一代互联网 ETF(NYSEARCA:ARKW)587,000 股</li><li>ARK 自主技术与机器人 ETF(BATS:ARKQ)559,000 股</li><li>方舟金融科技创新 ETF(NYSEARCA:ARKF)370,000 股</li><li>方舟太空探索 ETF(BATS:ARKX)61,000 股</li></ul><p class=\"t-img-caption\"><span>（来源：方舟投资）</span></p></blockquote></p><p></p><p> PLTR is now the 15th largest holding in ARKK, 40th in ARKQ, 17th in ARKQ, 45th in ARKG, 44th in ARKF, and 38th in ARKX. Collectively, ARK Invest holds 32,080,168 shares across these funds, which is a market value of $798.8 million. I view this as very bullish, and I am happy to add to my position along with ARK Invest.</p><p><blockquote>PLTR现在是ARKK的第15大持股，ARKQ的第40大持股，ARKQ的第17大持股，ARKG的第45大持股，ARKF的第44大持股，ARKX的第38大持股。ARK Invest 总共持有这些基金的 32,080,168 股股票，市值为 7.988 亿美元。我认为这是非常看涨的，我很高兴与 ARK Invest 一起增加我的头寸。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> I continuously increase how bullish I am on PLTR. I have purchased shares under $10, above $28, and I plan on continuing to purchase shares in the future. I honestly believe PLTR is going to become one of the most important software companies of the decade. I want to say that they will become the most important software company, but it's hard to say that considering Microsoft(NASDAQ:MSFT). In Q2 2021, revenue grew 49% YoY, total contract value booked increased 175% YoY, Q2 commercial customer count increased 61% in the first half of 2021, and 62 deals were closed that were at least $1 million in revenue while 30 were at least $5 million, and 21 were at least $10 million. PLTR raised its 2021 guidance for adjusted free cash flow by 100%, and I think they're staying conservative. PLTR continues to create the software of tomorrow, and I believe their meta-constellation project could become their most important project to date. PLTR isn't a trade, it's a long-term investment, and if you have time on your side, I believe this will become a multi-bagger.</p><p><blockquote>我不断增加我对 PLTR 的看好程度。我购买了10美元以下、28美元以上的股票，我计划在未来继续购买股票。我真诚地相信PLTR将成为十年来最重要的软件公司之一。我想说他们将成为最重要的软件公司，但考虑到微软（纳斯达克股票代码：MSFT），这很难说。2021 年第二季度，收入同比增长 49%，合同总价值同比增长 175%，2021 年上半年第二季度商业客户数量增长 61%，完成了 62 笔收入至少为 100 万美元的交易，而 30 笔至少为 500 万美元，21 笔至少为 1000 万美元。PLTR 将 2021 年调整后自由现金流指引提高了 100%，我认为他们仍然保持保守。PLTR继续创造未来的软件，我相信他们的元星座项目可能会成为他们迄今为止最重要的项目。PLTR 不是一笔交易，而是一项长期投资，如果您有时间，我相信这将成为一举多得。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: Lord Of Growth, ARK Invest, And Becoming Lord Of The Market<blockquote>Palantir：增长之王、方舟投资，成为市场之王</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: Lord Of Growth, ARK Invest, And Becoming Lord Of The Market<blockquote>Palantir：增长之王、方舟投资，成为市场之王</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-08-18 11:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Palantir increased its full-year 2021 adjusted free cash flow outlook by 100% and is now projecting $300+ million while maintaining its 30%+ annual revenue growth through 2025.</li>  <li>Palantir added 20 new customers in Q2 2021, its average revenue per customer increased 19% to $7.9 million, and average revenue per top 20 customers grew 36% to $39 million.</li>  <li>Palantir ended Q2 2021 with $3.4 billion in total remaining deal value, which was an increase of 63% YoY.</li>  <li>I believe Palantir is being conservative, and based on its growth rates, will exceed $400 million in Q3 2021 revenue and produce another earnings beat.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/83b3fc1e0f8404557baa075b9aa8d122\" tg-width=\"768\" tg-height=\"516\" width=\"100%\" height=\"auto\"><span>Scott Olson/Getty Images News</span></p><p><blockquote><ul><li>Palantir 将 2021 年全年调整后自由现金流前景上调了 100%，目前预计将达到 3 亿多美元，同时到 2025 年保持 30% 以上的年收入增长。</li><li>Palantir在2021年第二季度增加了20个新客户，每个客户的平均收入增长了19%，达到790万美元，前20个客户的平均收入增长了36%，达到3900万美元。</li><li>截至 2021 年第二季度，Palantir 的剩余交易总价值为 34 亿美元，同比增长 63%。</li><li>我相信 Palantir 是保守的，根据其增长率，2021 年第三季度的收入将超过 4 亿美元，并再次实现盈利增长。</li></ul><p class=\"t-img-caption\"><span>斯科特奥尔森/盖蒂图片社新闻</span></p></blockquote></p><p> Only time will tell if the bears concede and reverse their stance on Palantir(NYSE:PLTR). It's been a tug of war, and commentators have made&nbsp;statements&nbsp;such as \"I think it's too much of a black box to get a real read on the business.\"PLTR&nbsp;is coming out of earnings season as the lord of the earnings as revenue increased by 49% YoY, and PLTR raises its 2021 full-year outlook.ARK Invest&nbsp;took the opportunity to add 5.2 million shares on Thursday after earnings were announced through six individual purchases throughout the day. I continuously become more bullish on PLTR after each earnings report, and Q2 2021 didn't disappoint.</p><p><blockquote>只有时间才能证明空头是否会让步并改变对 Palantir（纽约证券交易所股票代码：PLTR）的立场。这是一场拉锯战，评论员发表了诸如“我认为这太多黑匣子了，无法真正了解这项业务。”随着收入同比增长 49%，PLTR 在财报季结束后成为盈利之王，PLTR 上调了 2021 年全年展望。 ARK Invest 在全天公布六笔个人购买收益后，于周四借此机会增持了 520 万股股票。每次收益报告发布后，我都会变得更加看好 PLTR，2021 年第二季度也没有让人失望。</blockquote></p><p> Over the last decade, software companies have experienced an extraordinary bull market as the evolution of technology transformed the business landscape. Regardless of the sector, evolution never stops, and in 2021, technology has become the backbone of enterprise. I wish the bears would get past the fact that PLTR can't discuss part of its business as it's a matter of national security. Being a top vendor with the United States government is positive, and all that matters are the numbers being reported. As investors, we don't need the details of what PLTR is doing with the military. The United States Government and PLTR both report what entities are doing business with PLTR, the contract duration, and the monetary value of the contract. The second jab bears would make against PLTR was the lack of commercial contracts. After the first six months of 2021, PLTR has put this to bed as its commercial customer count grew by 20% QoQ while commercial revenue increased 28% YoY. PLTR is becoming one of the most important software companies of the decade, and we have only begun to scratch the surface.</p><p><blockquote>在过去十年中，随着技术的发展改变了商业格局，软件公司经历了非凡的牛市。无论哪个行业，进化从未停止，2021年，技术已经成为企业的脊梁。我希望熊市能够克服PLTR不能讨论其部分业务的事实，因为这是国家安全问题。成为美国政府的顶级供应商是积极的，重要的是报告的数字。作为投资者，我们不需要 PLTR 与军方合作的细节。美国政府和PLTR都报告哪些实体与PLTR有业务往来、合同期限和合同的货币价值。熊队对PLTR的第二个批评是缺乏商业合同。2021 年前六个月后，PLTR 的商业客户数量环比增长 20%，而商业收入同比增长 28%，从而结束了这一局面。PLTR正在成为十年来最重要的软件公司之一，而我们才刚刚开始触及表面。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/99232f45d9109619c997717e11f2cba2\" tg-width=\"640\" tg-height=\"362\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> <b>Palantir continues to strengthen its government business</b></p><p><blockquote><b>Palantir 继续加强其政府业务</b></blockquote></p><p> As an American, I am proud to be a shareholder of PLTR. We need more companies aligned with providing the best solutions possible to our government agencies. PLTR continues to strengthen its relationship with the most powerful government globally, which is mutually beneficial. The United States Government gets the most sophisticated software applications while PLTR generates millions in additional revenue each quarter. Going back to PLTR's&nbsp;previous quarterly presentations, I mapped out the government business sector's growth. I would ask why the stigma of being a \"black box\" diminishes PLTR as the numbers are reported, and that's what matters?</p><p><blockquote>作为一名美国人，我很自豪能够成为 PLTR 的股东。我们需要更多的公司为我们的政府机构提供尽可能好的解决方案。PLTR继续加强与全球最强大政府的关系，这是互惠互利的。美国政府获得最复杂的软件应用，而PLTR每个季度产生数百万美元的额外收入。回到PLTR之前的季度演示，我描绘了政府商业部门的增长。我会问，为什么随着数字的报道，作为“黑匣子”的耻辱会减少PLTR，这才是最重要的？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7325d0dd43a97bbc6426a6f2bda7b460\" tg-width=\"640\" tg-height=\"373\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> Over the past seven quarters, PLTR has increased its quarterly revenue from its government contracts by 139.18% ($135 million). PLTR's average quarterly growth rate has been 13.24% as they have added an average of $19.29 million in government contract value to its revenue since Q3 2019. When looking at the trailing twelve months (TTM) quarterly, PLTR has increased its TTM government revenue by $335 million (73.14%) over the past year. PLTR's TTM revenue at the end of Q2 2021 has grown to $793 million from $458 million in Q2 2020. Over the past four quarters, PLTR's government revenue TTM has grown by an average of $83.75 million with an average growth rate of 18.29% QoQ.</p><p><blockquote>在过去的七个季度中，PLTR 的政府合同季度收入增长了 139.18%（1.35 亿美元）。PLTR的平均季度增长率为13.24%，因为自2019年第三季度以来，他们的收入平均增加了1929万美元的政府合同价值。从过去 12 个月 (TTM) 的季度来看，PLTR 在过去一年中将 TTM 政府收入增加了 3.35 亿美元 (73.14%)。PLTR 截至 2021 年第二季度末的 TTM 收入已从 2020 年第二季度的 4.58 亿美元增长至 7.93 亿美元。过去四个季度，PLTR的政府收入TTM平均增长了8375万美元，平均环比增长率为18.29%。</blockquote></p><p></p><p> It's perplexing how individuals neglect to give PLTR's government business the credit it deserves. InQ2 2021, PLTR signed new deals with the U.S. Army, Air Force, and Coast Guard, including a two-year $100 million deal with SOCOM. PLTR also signed new contracts with HHS and the CDC. This included expanding PLTR's efforts to help the U.S. manage vaccine production, distribution, and administration. Using the&nbsp;Federal Procurement Data System&nbsp;as a source of reference, PLTR had inked 17 government contracts that had been uploaded. Reading through the agencies PLTR supports, including the U.S. Coast Guard, the Securities and Exchange Commission, the Internal Revenue Service, the Federal Aviation Administration, and the Food and Drug Administration, PLTR continues to solidify itself as one of the premier vendors to good old Uncle Sam.</p><p><blockquote>令人困惑的是，个人如何忽视给予PLTR的政府业务应有的信任。2021 年第二季度，PLTR 与美国陆军、空军和海岸警卫队签署了新协议，其中包括与 SOCOM 签署的为期两年、价值 1 亿美元的协议。PLTR还与HHS和疾病预防控制中心签署了新的合同。这包括扩大 PLTR 帮助美国管理疫苗生产、分销和管理的努力。PLTR使用联邦采购数据系统作为参考来源，签署了17份已上传的政府合同。通读PLTR支持的机构，包括美国海岸警卫队、证券交易委员会、美国国税局、联邦航空管理局和美国食品药品监督管理局，PLTR继续巩固自己作为好老山姆大叔的主要供应商之一的地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/89cfe7d516eccbc1e388ce2c9d9bf22d\" tg-width=\"624\" tg-height=\"239\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Federal Procurement Data System)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（资料来源：Steven Fiorillo）（数据来源：联邦采购数据系统）</span></p></blockquote></p><p> <b>Palantir's commercial business is becoming larger</b></p><p><blockquote><b>Palantir 的商业业务正在扩大</b></blockquote></p><p> One of the major complaints and criticisms from the bears has been the lack of commercial business PLTR generated. Many had subscribed to the logic that building the rapport on the commercial side would be challenging because PLTR was a black box, and nobody knew what they did. Many had indicated that this wouldn't be a worthwhile investment unless PLTR could prove that their software could be utilized and implemented on the commercial side. It turns out that PLTR continues to blow holes directly through this theory as the commercial side continues to grow.</p><p><blockquote>熊市的主要抱怨和批评之一是缺乏商业业务 PLTR。许多人都认同这样的逻辑，即在商业方面建立融洽关系将具有挑战性，因为PLTR是一个黑匣子，没有人知道他们在做什么。许多人表示，除非 PLTR 能够证明他们的软件可以在商业方面使用和实施，否则这将是一项不值得的投资。事实证明，随着商业方面的不断增长，PLTR继续直接通过这一理论漏洞。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/46599961a2896393d62866415c1041ab\" tg-width=\"640\" tg-height=\"362\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> At the end of Q2 2021, PLTR had increased their commercial revenue quarterly by $50 million (53.2%) over the past seven quarters. PLTR has experienced QoQ growth at an average rate of $7.14 million or 7.6%. At the end of Q2 2020, PLTR had generated $443 million in revenue from its commercial business contracts for the TTM. Over the past year, this had increased by $93 million or 21%, as commercial accounted for $536 million of PLTR's revenue in the TTM. Over the past four quarters, PLTR's commercial TTM revenue has increased at an average of $23.25 million or 4.91% QoQ.</p><p><blockquote>截至 2021 年第二季度末，PLTR 的商业收入在过去七个季度中每季度增加 5000 万美元（53.2%）。PLTR 的环比增长率平均为 714 万美元，增长率为 7.6%。截至 2020 年第二季度末，PLTR 从其 TTM 商业业务合同中产生了 4.43 亿美元的收入。在过去的一年里，这一数字增加了 9300 万美元，即 21%，因为商业占 PLTR 在 TTM 中收入的 5.36 亿美元。过去四个季度，PLTR 的商业 TTM 收入平均增长 2325 万美元，环比增长 4.91%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/451518a91166bccfcbbc7d6207923cb1\" tg-width=\"640\" tg-height=\"373\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> <b>Palantir continues to be a growth machine from contracts down to its customers</b></p><p><blockquote><b>从合同到客户，Palantir 仍然是增长机器</b></blockquote></p><p> Business is flourishing at PLTR as its Q2 and first half 2021 revenue both increased by 49% YoY. In Q2 2021, PLTR's overall revenue increased from $252 million ($112 million commercial, $140 million government) to $376 million ($144 million commercial, $232 million government). For the first half of 2021, PLTR has generated $717 million in revenue compared to $481 million for the same period in 2020, increasing $236 million. Over the past seven quarters, PLTR's total revenue has increased at an average rate of $26.43 million or 10.32% QoQ.</p><p><blockquote>PLTR 业务蓬勃发展，2021 年第二季度和上半年收入均同比增长 49%。2021年第二季度，PLTR的总收入从2.52亿美元（1.12亿美元商业，1.4亿美元政府）增加到3.76亿美元（1.44亿美元商业，2.32亿美元政府）。2021年上半年，PLTR创造了7.17亿美元的收入，而2020年同期为4.81亿美元，增加了2.36亿美元。过去七个季度，PLTR 的总收入平均增长率为 2643 万美元，环比增长 10.32%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3c45075d03249129a54c5e54c77da358\" tg-width=\"640\" tg-height=\"373\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> Every important metric is increasing for PLTR, and the bears should pay attention to these metrics. In Q2, PLTR added 20 new customers as their total commercial customer count increased 13% QoQ to 169. Since the close of 2020, in the first half of 2021, PLTR has increased its commercial customers by 21.58%. PLTR closed Q2 with $3.4 billion in total remaining deal value, which was an increase of 63% YoY, growing from $2.1 billion at the end of Q2 2020. PLTR's average revenue generated per customer has increased 19% from $6.6 million to $7.9 million for the TTM at the end of Q2 2021, compared to Q2 2020. What's more impressive is the growth throughout PLTR's largest customers. PLTR's average revenue per top 20 customers has increased by 36%, from $29 million to $39 million YoY for the TTM.</p><p><blockquote>PLTR 的每一个重要指标都在增加，空头应该关注这些指标。第二季度，PLTR 新增 20 家客户，商业客户总数环比增长 13%，达到 169 家。自2020年底以来，2021年上半年，PLTR的商业客户增加了21.58%。PLTR 第二季度末的剩余交易总价值为 34 亿美元，同比增长 63%，高于 2020 年第二季度末的 21 亿美元。与 2020 年第二季度相比，PLTR 在 2021 年第二季度末的 TTM 中每个客户产生的平均收入增长了 19%，从 660 万美元增加到 790 万美元。更令人印象深刻的是 PLTR 最大客户的增长。PLTR 每个前 20 名客户的平均收入增长了 36%，从 TTM 的每年 2900 万美元增加到 3900 万美元。</blockquote></p><p></p><p> Many companies that are considered growth companies have impressive revenue gains, but what separates PLTR from others is their increasing margins and adjusted free cash flow. As PLTR gains customers and signed contracts, their margins have been improving, which has led to positive free cash flow. PLTR's adjusted gross margin is 82%, and its contribution margin is 58%. In Q2 2021, PLTR produced $117 million in adjusted operating income, which increased $88 million (303.45%) YoY. PLTR's adjusted operating margin came in at 31% compared to their 23% guidance level. In the first half of 2020, PLTR reported -$232 million of adjusted free cash flow. Over the past year, PLTR has made tremendous progress as their adjusted free cash flow in the first half of 2021 was $201 million, which represented a margin of 28%.</p><p><blockquote>许多被认为是成长型公司的公司都有令人印象深刻的收入增长，但 PLTR 与其他公司的区别在于其不断增长的利润率和调整后的自由现金流。随着PLTR获得客户并签署合同，他们的利润率一直在提高，这带来了正的自由现金流。PLTR调整后毛利率为82%，贡献率为58%。2021 年第二季度，PLTR 调整后经营利润为 1.17 亿美元，同比增加 8800 万美元（303.45%）。PLTR 调整后的营业利润率为 31%，而指导水平为 23%。2020 年上半年，PLTR 报告调整后自由现金流为 -2.32 亿美元。过去一年，PLTR取得了巨大进展，2021年上半年调整后自由现金流为2.01亿美元，利润率为28%。</blockquote></p><p> PLTR is growing its commercial customers, gaining government contracts, increasing its revenue quarterly, and is free cash flow positive. PLTR raised its 2021 full-year guidance and confirmed the theory by many PLTR bulls that their guidance was conservative. PLTR increased its adjusted free cash flow guidance by 100% as it increased from $150 million to $300 million for 2021. PLTR is still projecting a 30% revenue growth rate for 2021 and on an annual basis through 2025. PLTR has set the bar for Q3 2021 at $385 million for total revenue, which would be a QoQ increase of $9 million (2.4%) and a YoY increase of $95 million (32.76%).</p><p><blockquote>PLTR 正在增加其商业客户，获得政府合同，每季度增加其收入，并且自由现金流为正。PLTR上调了2021年全年指引，并证实了许多PLTR多头的理论，即他们的指引是保守的。PLTR将其调整后的自由现金流指引提高了100%，2021年从1.5亿美元增加到3亿美元。PLTR 仍预计 2021 年和 2025 年的年收入增长率为 30%。PLTR将2021年第三季度的总收入设定为3.85亿美元，环比增长900万美元（2.4%），同比增长9500万美元（32.76%）。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/28cf6fb10eaa83fcdee57a7faa0f478e\" tg-width=\"640\" tg-height=\"728\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> <b>Palantir is most likely understating Q3 2021 revenue estimates</b></p><p><blockquote><b>Palantir 很可能低估了 2021 年第三季度的收入预期</b></blockquote></p><p> PLTR&nbsp;guided for $385 million revenue in Q3 2021. I will make an educated prediction and say this is low, and the actual number will be closer to $406 million. Going back to Q3 2019, PLTR has grown its commercial customer quarterly revenue at an average rate of 7.14% QoQ. PLTR's government revenue has increased at an average rate of 13.34% QoQ since Q3 2019. Putting these growth rates to the side for a moment, PLTR has inked five new contracts in Q3 2021 according to the Federal Procurement Data System for a total contract value of $102.82 million, of which $14.78 million are current action obligations. This indicates that growth will be similar to previous quarters on the government side as this is on pace with Q2 2021.</p><p><blockquote>PLTR 预计 2021 年第三季度收入为 3.85 亿美元。我会做一个有根据的预测，说这是低的，实际数字将接近4.06亿美元。回到 2019 年第三季度，PLTR 的商业客户季度收入平均环比增长 7.14%。自2019年第三季度以来，PLTR的政府收入平均环比增长13.34%。暂时把这些增长率放在一边，根据联邦采购数据系统，PLTR在2021年第三季度签署了五份新合同，合同总价值为1.0282亿美元，其中1478万美元是当前行动义务。这表明政府方面的增长将与前几个季度相似，因为这与 2021 年第二季度同步。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c231bdbc525594bc8fec4ab79cf996cb\" tg-width=\"624\" tg-height=\"96\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Federal Procurement Data System)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（资料来源：Steven Fiorillo）（数据来源：联邦采购数据系统）</span></p></blockquote></p><p> Assuming that PLTR's growth rates follow its previous trend and I use a conservative estimate of 5% on the commercial side and 10% on the government side, PLTR would generate $151.20 million in revenue from the commercial business and $255.20 million from the government business for a total of $406.40 million in total Q3 revenue. Using the same methodology, PLTR would generate $439.48 million in Q4 2021 total revenue placing their total annual revenue for 2021 at $1.562.88 billion. If this works out, PLTR's prediction of 30% plus revenue growth in 2021 would be an understatement as its revenue would grow by $469.88 million YoY or 42.99%. I would also assume that the increased guidance for the adjusted free cash flow of $300+ million would be on the low end.</p><p><blockquote>假设 PLTR 的增长率遵循之前的趋势，并且我保守估计商业方面为 5%，政府方面为 10%，那么 PLTR 将从商业业务中产生 1.512 亿美元的收入，从政府业务中产生 2.552 亿美元的收入，第三季度总收入为 4.064 亿美元。使用相同的方法，PLTR 将在 2021 年第四季度产生 4.3948 亿美元的总收入，使其 2021 年的总收入达到 15.628.8 亿美元。如果实现这一目标，PLTR 对 2021 年收入增长 30% 以上的预测将是保守的，因为其收入将同比增长 4.6988 亿美元，即 42.99%。我还假设调整后自由现金流 3 亿多美元的增加指导将处于低端。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30733619dbdb3bff53f3348208a9d46c\" tg-width=\"624\" tg-height=\"247\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> <b>ARK Invest loaded the boat and purchased 5.2 million shares after Thursday's earnings were released</b></p><p><blockquote><b>周四财报发布后，ARK Invest 上船购买了 520 万股股票</b></blockquote></p><p> I know that some readers dislike when I discuss the trades over at ARK Invest regarding PLTR, so I will apologize in advance. I apologize to anyone who I offend. Personally, I love when ARK Invest buys shares because Cathie Wood and her team have tremendous foresight when spotting future trends. The email notification I received from ARK Invest Thursday trades made my jaw drop. PLTR was added across the board to theirsix active ETFswith the following allocations:</p><p><blockquote>我知道有些读者不喜欢我在 ARK Invest 讨论有关 PLTR 的交易，所以我会提前道歉。我向我冒犯的任何人道歉。就我个人而言，我喜欢 ARK Invest 购买股票，因为 Cathie Wood 和她的团队在发现未来趋势时具有非凡的远见。我从ARK Invest Thursday trades收到的电子邮件通知让我瞠目结舌。PLTR 被全面纳入其六只活跃 ETF，配置如下：</blockquote></p><p> <ul>  <li>ARK Innovation ETF(NYSEARCA:ARKK)2.29 million shares</li>  <li>ARK Genomic Revolution Multi-Sector ETF(BATS:ARKG)1.72 million shares</li>  <li>ARK Next Generation Internet ETF(NYSEARCA:ARKW)587,000 shares</li>  <li>ARK Autonomous Technology &amp; Robotics ETF(BATS:ARKQ)559,000 shares</li>  <li>ARK Fintech Innovation ETF(NYSEARCA:ARKF)370,000 shares</li>  <li>ARK Space Exploration ETF(BATS:ARKX)61,000 shares</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d3bdea6effd5d278e32854efcca02047\" tg-width=\"640\" tg-height=\"1165\" width=\"100%\" height=\"auto\"><span>(Source: ARK Invest)</span></p><p><blockquote><ul><li>方舟创新 ETF(NYSEARCA:ARKK)229 万股</li><li>ARK Genomic Revolution 多部门 ETF(BATS:ARKG)172 万股</li><li>方舟下一代互联网 ETF(NYSEARCA:ARKW)587,000 股</li><li>ARK 自主技术与机器人 ETF(BATS:ARKQ)559,000 股</li><li>方舟金融科技创新 ETF(NYSEARCA:ARKF)370,000 股</li><li>方舟太空探索 ETF(BATS:ARKX)61,000 股</li></ul><p class=\"t-img-caption\"><span>（来源：方舟投资）</span></p></blockquote></p><p></p><p> PLTR is now the 15th largest holding in ARKK, 40th in ARKQ, 17th in ARKQ, 45th in ARKG, 44th in ARKF, and 38th in ARKX. Collectively, ARK Invest holds 32,080,168 shares across these funds, which is a market value of $798.8 million. I view this as very bullish, and I am happy to add to my position along with ARK Invest.</p><p><blockquote>PLTR现在是ARKK的第15大持股，ARKQ的第40大持股，ARKQ的第17大持股，ARKG的第45大持股，ARKF的第44大持股，ARKX的第38大持股。ARK Invest 总共持有这些基金的 32,080,168 股股票，市值为 7.988 亿美元。我认为这是非常看涨的，我很高兴与 ARK Invest 一起增加我的头寸。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> I continuously increase how bullish I am on PLTR. I have purchased shares under $10, above $28, and I plan on continuing to purchase shares in the future. I honestly believe PLTR is going to become one of the most important software companies of the decade. I want to say that they will become the most important software company, but it's hard to say that considering Microsoft(NASDAQ:MSFT). In Q2 2021, revenue grew 49% YoY, total contract value booked increased 175% YoY, Q2 commercial customer count increased 61% in the first half of 2021, and 62 deals were closed that were at least $1 million in revenue while 30 were at least $5 million, and 21 were at least $10 million. PLTR raised its 2021 guidance for adjusted free cash flow by 100%, and I think they're staying conservative. PLTR continues to create the software of tomorrow, and I believe their meta-constellation project could become their most important project to date. PLTR isn't a trade, it's a long-term investment, and if you have time on your side, I believe this will become a multi-bagger.</p><p><blockquote>我不断增加我对 PLTR 的看好程度。我购买了10美元以下、28美元以上的股票，我计划在未来继续购买股票。我真诚地相信PLTR将成为十年来最重要的软件公司之一。我想说他们将成为最重要的软件公司，但考虑到微软（纳斯达克股票代码：MSFT），这很难说。2021 年第二季度，收入同比增长 49%，合同总价值同比增长 175%，2021 年上半年第二季度商业客户数量增长 61%，完成了 62 笔收入至少为 100 万美元的交易，而 30 笔至少为 500 万美元，21 笔至少为 1000 万美元。PLTR 将 2021 年调整后自由现金流指引提高了 100%，我认为他们仍然保持保守。PLTR继续创造未来的软件，我相信他们的元星座项目可能会成为他们迄今为止最重要的项目。PLTR 不是一笔交易，而是一项长期投资，如果您有时间，我相信这将成为一举多得。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4449478-palantir-lord-of-growth-ark-invest-lord-of-market\">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":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4449478-palantir-lord-of-growth-ark-invest-lord-of-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195810252","content_text":"Summary\n\nPalantir increased its full-year 2021 adjusted free cash flow outlook by 100% and is now projecting $300+ million while maintaining its 30%+ annual revenue growth through 2025.\nPalantir added 20 new customers in Q2 2021, its average revenue per customer increased 19% to $7.9 million, and average revenue per top 20 customers grew 36% to $39 million.\nPalantir ended Q2 2021 with $3.4 billion in total remaining deal value, which was an increase of 63% YoY.\nI believe Palantir is being conservative, and based on its growth rates, will exceed $400 million in Q3 2021 revenue and produce another earnings beat.\n\nScott Olson/Getty Images News\nOnly time will tell if the bears concede and reverse their stance on Palantir(NYSE:PLTR). It's been a tug of war, and commentators have made statements such as \"I think it's too much of a black box to get a real read on the business.\"PLTR is coming out of earnings season as the lord of the earnings as revenue increased by 49% YoY, and PLTR raises its 2021 full-year outlook.ARK Invest took the opportunity to add 5.2 million shares on Thursday after earnings were announced through six individual purchases throughout the day. I continuously become more bullish on PLTR after each earnings report, and Q2 2021 didn't disappoint.\nOver the last decade, software companies have experienced an extraordinary bull market as the evolution of technology transformed the business landscape. Regardless of the sector, evolution never stops, and in 2021, technology has become the backbone of enterprise. I wish the bears would get past the fact that PLTR can't discuss part of its business as it's a matter of national security. Being a top vendor with the United States government is positive, and all that matters are the numbers being reported. As investors, we don't need the details of what PLTR is doing with the military. The United States Government and PLTR both report what entities are doing business with PLTR, the contract duration, and the monetary value of the contract. The second jab bears would make against PLTR was the lack of commercial contracts. After the first six months of 2021, PLTR has put this to bed as its commercial customer count grew by 20% QoQ while commercial revenue increased 28% YoY. PLTR is becoming one of the most important software companies of the decade, and we have only begun to scratch the surface.\n(Source: Palantir)\nPalantir continues to strengthen its government business\nAs an American, I am proud to be a shareholder of PLTR. We need more companies aligned with providing the best solutions possible to our government agencies. PLTR continues to strengthen its relationship with the most powerful government globally, which is mutually beneficial. The United States Government gets the most sophisticated software applications while PLTR generates millions in additional revenue each quarter. Going back to PLTR's previous quarterly presentations, I mapped out the government business sector's growth. I would ask why the stigma of being a \"black box\" diminishes PLTR as the numbers are reported, and that's what matters?\n(Source: Steven Fiorillo) (Data Source: Palantir)\nOver the past seven quarters, PLTR has increased its quarterly revenue from its government contracts by 139.18% ($135 million). PLTR's average quarterly growth rate has been 13.24% as they have added an average of $19.29 million in government contract value to its revenue since Q3 2019. When looking at the trailing twelve months (TTM) quarterly, PLTR has increased its TTM government revenue by $335 million (73.14%) over the past year. PLTR's TTM revenue at the end of Q2 2021 has grown to $793 million from $458 million in Q2 2020. Over the past four quarters, PLTR's government revenue TTM has grown by an average of $83.75 million with an average growth rate of 18.29% QoQ.\nIt's perplexing how individuals neglect to give PLTR's government business the credit it deserves. InQ2 2021, PLTR signed new deals with the U.S. Army, Air Force, and Coast Guard, including a two-year $100 million deal with SOCOM. PLTR also signed new contracts with HHS and the CDC. This included expanding PLTR's efforts to help the U.S. manage vaccine production, distribution, and administration. Using the Federal Procurement Data System as a source of reference, PLTR had inked 17 government contracts that had been uploaded. Reading through the agencies PLTR supports, including the U.S. Coast Guard, the Securities and Exchange Commission, the Internal Revenue Service, the Federal Aviation Administration, and the Food and Drug Administration, PLTR continues to solidify itself as one of the premier vendors to good old Uncle Sam.\n(Source: Steven Fiorillo) (Data Source: Federal Procurement Data System)\nPalantir's commercial business is becoming larger\nOne of the major complaints and criticisms from the bears has been the lack of commercial business PLTR generated. Many had subscribed to the logic that building the rapport on the commercial side would be challenging because PLTR was a black box, and nobody knew what they did. Many had indicated that this wouldn't be a worthwhile investment unless PLTR could prove that their software could be utilized and implemented on the commercial side. It turns out that PLTR continues to blow holes directly through this theory as the commercial side continues to grow.\n(Source: Palantir)\nAt the end of Q2 2021, PLTR had increased their commercial revenue quarterly by $50 million (53.2%) over the past seven quarters. PLTR has experienced QoQ growth at an average rate of $7.14 million or 7.6%. At the end of Q2 2020, PLTR had generated $443 million in revenue from its commercial business contracts for the TTM. Over the past year, this had increased by $93 million or 21%, as commercial accounted for $536 million of PLTR's revenue in the TTM. Over the past four quarters, PLTR's commercial TTM revenue has increased at an average of $23.25 million or 4.91% QoQ.\n(Source: Steven Fiorillo) (Data Source: Palantir)\nPalantir continues to be a growth machine from contracts down to its customers\nBusiness is flourishing at PLTR as its Q2 and first half 2021 revenue both increased by 49% YoY. In Q2 2021, PLTR's overall revenue increased from $252 million ($112 million commercial, $140 million government) to $376 million ($144 million commercial, $232 million government). For the first half of 2021, PLTR has generated $717 million in revenue compared to $481 million for the same period in 2020, increasing $236 million. Over the past seven quarters, PLTR's total revenue has increased at an average rate of $26.43 million or 10.32% QoQ.\n(Source: Steven Fiorillo) (Data Source: Palantir)\nEvery important metric is increasing for PLTR, and the bears should pay attention to these metrics. In Q2, PLTR added 20 new customers as their total commercial customer count increased 13% QoQ to 169. Since the close of 2020, in the first half of 2021, PLTR has increased its commercial customers by 21.58%. PLTR closed Q2 with $3.4 billion in total remaining deal value, which was an increase of 63% YoY, growing from $2.1 billion at the end of Q2 2020. PLTR's average revenue generated per customer has increased 19% from $6.6 million to $7.9 million for the TTM at the end of Q2 2021, compared to Q2 2020. What's more impressive is the growth throughout PLTR's largest customers. PLTR's average revenue per top 20 customers has increased by 36%, from $29 million to $39 million YoY for the TTM.\nMany companies that are considered growth companies have impressive revenue gains, but what separates PLTR from others is their increasing margins and adjusted free cash flow. As PLTR gains customers and signed contracts, their margins have been improving, which has led to positive free cash flow. PLTR's adjusted gross margin is 82%, and its contribution margin is 58%. In Q2 2021, PLTR produced $117 million in adjusted operating income, which increased $88 million (303.45%) YoY. PLTR's adjusted operating margin came in at 31% compared to their 23% guidance level. In the first half of 2020, PLTR reported -$232 million of adjusted free cash flow. Over the past year, PLTR has made tremendous progress as their adjusted free cash flow in the first half of 2021 was $201 million, which represented a margin of 28%.\nPLTR is growing its commercial customers, gaining government contracts, increasing its revenue quarterly, and is free cash flow positive. PLTR raised its 2021 full-year guidance and confirmed the theory by many PLTR bulls that their guidance was conservative. PLTR increased its adjusted free cash flow guidance by 100% as it increased from $150 million to $300 million for 2021. PLTR is still projecting a 30% revenue growth rate for 2021 and on an annual basis through 2025. PLTR has set the bar for Q3 2021 at $385 million for total revenue, which would be a QoQ increase of $9 million (2.4%) and a YoY increase of $95 million (32.76%).\n(Source: Palantir)\nPalantir is most likely understating Q3 2021 revenue estimates\nPLTR guided for $385 million revenue in Q3 2021. I will make an educated prediction and say this is low, and the actual number will be closer to $406 million. Going back to Q3 2019, PLTR has grown its commercial customer quarterly revenue at an average rate of 7.14% QoQ. PLTR's government revenue has increased at an average rate of 13.34% QoQ since Q3 2019. Putting these growth rates to the side for a moment, PLTR has inked five new contracts in Q3 2021 according to the Federal Procurement Data System for a total contract value of $102.82 million, of which $14.78 million are current action obligations. This indicates that growth will be similar to previous quarters on the government side as this is on pace with Q2 2021.\n(Source: Steven Fiorillo) (Data Source: Federal Procurement Data System)\nAssuming that PLTR's growth rates follow its previous trend and I use a conservative estimate of 5% on the commercial side and 10% on the government side, PLTR would generate $151.20 million in revenue from the commercial business and $255.20 million from the government business for a total of $406.40 million in total Q3 revenue. Using the same methodology, PLTR would generate $439.48 million in Q4 2021 total revenue placing their total annual revenue for 2021 at $1.562.88 billion. If this works out, PLTR's prediction of 30% plus revenue growth in 2021 would be an understatement as its revenue would grow by $469.88 million YoY or 42.99%. I would also assume that the increased guidance for the adjusted free cash flow of $300+ million would be on the low end.\n(Source: Steven Fiorillo) (Data Source: Palantir)\nARK Invest loaded the boat and purchased 5.2 million shares after Thursday's earnings were released\nI know that some readers dislike when I discuss the trades over at ARK Invest regarding PLTR, so I will apologize in advance. I apologize to anyone who I offend. Personally, I love when ARK Invest buys shares because Cathie Wood and her team have tremendous foresight when spotting future trends. The email notification I received from ARK Invest Thursday trades made my jaw drop. PLTR was added across the board to theirsix active ETFswith the following allocations:\n\nARK Innovation ETF(NYSEARCA:ARKK)2.29 million shares\nARK Genomic Revolution Multi-Sector ETF(BATS:ARKG)1.72 million shares\nARK Next Generation Internet ETF(NYSEARCA:ARKW)587,000 shares\nARK Autonomous Technology & Robotics ETF(BATS:ARKQ)559,000 shares\nARK Fintech Innovation ETF(NYSEARCA:ARKF)370,000 shares\nARK Space Exploration ETF(BATS:ARKX)61,000 shares\n\n(Source: ARK Invest)\nPLTR is now the 15th largest holding in ARKK, 40th in ARKQ, 17th in ARKQ, 45th in ARKG, 44th in ARKF, and 38th in ARKX. Collectively, ARK Invest holds 32,080,168 shares across these funds, which is a market value of $798.8 million. I view this as very bullish, and I am happy to add to my position along with ARK Invest.\nConclusion\nI continuously increase how bullish I am on PLTR. I have purchased shares under $10, above $28, and I plan on continuing to purchase shares in the future. I honestly believe PLTR is going to become one of the most important software companies of the decade. I want to say that they will become the most important software company, but it's hard to say that considering Microsoft(NASDAQ:MSFT). In Q2 2021, revenue grew 49% YoY, total contract value booked increased 175% YoY, Q2 commercial customer count increased 61% in the first half of 2021, and 62 deals were closed that were at least $1 million in revenue while 30 were at least $5 million, and 21 were at least $10 million. PLTR raised its 2021 guidance for adjusted free cash flow by 100%, and I think they're staying conservative. PLTR continues to create the software of tomorrow, and I believe their meta-constellation project could become their most important project to date. PLTR isn't a trade, it's a long-term investment, and if you have time on your side, I believe this will become a multi-bagger.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":933,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838147155,"gmtCreate":1629382787477,"gmtModify":1631884445444,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586228965364851","idStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/838147155","repostId":"1115729576","repostType":4,"isVote":1,"tweetType":1,"viewCount":583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":609306263,"gmtCreate":1638236214056,"gmtModify":1638236214405,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586228965364851","idStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/609306263","repostId":"1168673398","repostType":4,"repost":{"id":"1168673398","kind":"news","pubTimestamp":1638235895,"share":"https://www.laohunote.com/m/news/1168673398?lang=zh_CN&edition=full","pubTime":"2021-11-30 09:31","market":"fut","language":"en","title":"Oil prices rise on bets OPEC+ will hold off output hike<blockquote>由于押注 OPEC+ 将推迟增产，油价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168673398","media":"Reuters","summary":"MELBOURNE (Reuters) - Oil prices climbed on Tuesday, extending a rebound from last week's plunge on ","content":"<p>MELBOURNE (Reuters) - Oil prices climbed on Tuesday, extending a rebound from last week's plunge on growing expectations major producers would pause plans to add crude supply in January amid uncertainty over the severity of the Omicron coronavirus variant.</p><p><blockquote>路透墨尔本10月1日 - 油价周二攀升，延续了上周暴跌的反弹势头，因奥密克戎冠状病毒变种的严重性存在不确定性，市场预期主要产油国将暂停1月份增加原油供应的计划。</blockquote></p><p> U.S. West Texas Intermediate (WTI) crude futures jumped 99 cents, or 1.4%, to $70.94 a barrel at 0105 GMT, adding to a 2.6% rise on Monday.</p><p><blockquote>格林尼治标准时间 0105，美国西德克萨斯中质原油 (WTI) 原油期货上涨 99 美分，涨幅 1.4%，至每桶 70.94 美元，周一上涨 2.6%。</blockquote></p><p> Brent crude futures climbed 82 cents, or 1.1%, to $74.26 a barrel, after gaining 1% on Monday.</p><p><blockquote>布伦特原油期货上涨 82 美分，涨幅 1.1%，至每桶 74.26 美元，周一上涨 1%。</blockquote></p><p> Oil plunged around 12% on Friday along with other markets on fears the heavily mutated Omicron would spark fresh lockdowns and dent global growth.</p><p><blockquote>由于担心严重变异的奥密克戎将引发新的封锁并削弱全球增长，油价周五与其他市场一起暴跌约 12%。</blockquote></p><p> The World Health Organization said on Monday Omicron posed a very high risk of infection surges, and several countries stepped up travel curbs. It is still unclear how severe the new variant is and whether it can resist existing vaccines.</p><p><blockquote>世界卫生组织周一表示，奥密克戎感染激增的风险非常高，一些国家加强了旅行限制。目前尚不清楚这种新变种有多严重，是否能抵抗现有疫苗。</blockquote></p><p> With the demand outlook under a cloud, expectations are growing that the Organization of the Petroleum Exporting countries, Russia and their allies, together called OPEC+, due to meet on Dec. 2 will put on hold plans to add 400,000 barrels per day (bpd) of supply in January.</p><p><blockquote>随着需求前景黯淡，人们越来越预期石油输出国组织、俄罗斯及其盟友（统称为石油输出国组织+）将于12月2日召开会议，将搁置1月份每天增加40万桶石油的计划。</blockquote></p><p> \"We think the group will lean towards pausing output hikes in light of the Omicron variant and the oil stockpile release by major oil consumers,\" Commonwealth Bank commodities analyst Vivek Dhar said in a note.</p><p><blockquote>联邦银行大宗商品分析师维韦克·达尔在一份报告中表示：“鉴于奥密克戎变体和主要石油消费国释放石油库存，我们认为该集团将倾向于暂停增产。”</blockquote></p><p> Pressure was already growing within OPEC+ to reconsider its supply plan after last week's release of emergency crude reserves by the United States and other major oil-consuming nations to address soaring prices.</p><p><blockquote>在美国和其他主要石油消费国上周释放紧急原油储备以应对油价飙升后，欧佩克+内部要求重新考虑其供应计划的压力已经越来越大。</blockquote></p><p> \"Following the global strategic reserve releases and the announcement of dozens of countries restricting travel to and from South Africa and neighbouring nations, OPEC and its allies can easily justify an output halt or even a slight cut in production,\" OANDA analyst Edward Moya said in a note.</p><p><blockquote>OANDA 分析师爱德华·莫亚 (Edward Moya) 表示：“在全球战略储备释放以及数十个国家宣布限制往返南非和邻国的旅行之后，欧佩克及其盟友可以轻松证明停止产量甚至小幅减产是合理的。”在一份报告中。</blockquote></p><p> Also weighing on the market is the prospect of a resumption of oil exports from Iran, following upbeat comments from diplomats as talks resumed on Monday between world powers and Iran on reviving a nuclear pact.</p><p><blockquote>伊朗恢复石油出口的前景也给市场带来压力，此前世界大国和伊朗周一恢复了关于恢复核协议的谈判，外交官们发表了乐观的评论。</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil prices rise on bets OPEC+ will hold off output hike<blockquote>由于押注 OPEC+ 将推迟增产，油价上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil prices rise on bets OPEC+ will hold off output hike<blockquote>由于押注 OPEC+ 将推迟增产，油价上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-30 09:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>MELBOURNE (Reuters) - Oil prices climbed on Tuesday, extending a rebound from last week's plunge on growing expectations major producers would pause plans to add crude supply in January amid uncertainty over the severity of the Omicron coronavirus variant.</p><p><blockquote>路透墨尔本10月1日 - 油价周二攀升，延续了上周暴跌的反弹势头，因奥密克戎冠状病毒变种的严重性存在不确定性，市场预期主要产油国将暂停1月份增加原油供应的计划。</blockquote></p><p> U.S. West Texas Intermediate (WTI) crude futures jumped 99 cents, or 1.4%, to $70.94 a barrel at 0105 GMT, adding to a 2.6% rise on Monday.</p><p><blockquote>格林尼治标准时间 0105，美国西德克萨斯中质原油 (WTI) 原油期货上涨 99 美分，涨幅 1.4%，至每桶 70.94 美元，周一上涨 2.6%。</blockquote></p><p> Brent crude futures climbed 82 cents, or 1.1%, to $74.26 a barrel, after gaining 1% on Monday.</p><p><blockquote>布伦特原油期货上涨 82 美分，涨幅 1.1%，至每桶 74.26 美元，周一上涨 1%。</blockquote></p><p> Oil plunged around 12% on Friday along with other markets on fears the heavily mutated Omicron would spark fresh lockdowns and dent global growth.</p><p><blockquote>由于担心严重变异的奥密克戎将引发新的封锁并削弱全球增长，油价周五与其他市场一起暴跌约 12%。</blockquote></p><p> The World Health Organization said on Monday Omicron posed a very high risk of infection surges, and several countries stepped up travel curbs. It is still unclear how severe the new variant is and whether it can resist existing vaccines.</p><p><blockquote>世界卫生组织周一表示，奥密克戎感染激增的风险非常高，一些国家加强了旅行限制。目前尚不清楚这种新变种有多严重，是否能抵抗现有疫苗。</blockquote></p><p> With the demand outlook under a cloud, expectations are growing that the Organization of the Petroleum Exporting countries, Russia and their allies, together called OPEC+, due to meet on Dec. 2 will put on hold plans to add 400,000 barrels per day (bpd) of supply in January.</p><p><blockquote>随着需求前景黯淡，人们越来越预期石油输出国组织、俄罗斯及其盟友（统称为石油输出国组织+）将于12月2日召开会议，将搁置1月份每天增加40万桶石油的计划。</blockquote></p><p> \"We think the group will lean towards pausing output hikes in light of the Omicron variant and the oil stockpile release by major oil consumers,\" Commonwealth Bank commodities analyst Vivek Dhar said in a note.</p><p><blockquote>联邦银行大宗商品分析师维韦克·达尔在一份报告中表示：“鉴于奥密克戎变体和主要石油消费国释放石油库存，我们认为该集团将倾向于暂停增产。”</blockquote></p><p> Pressure was already growing within OPEC+ to reconsider its supply plan after last week's release of emergency crude reserves by the United States and other major oil-consuming nations to address soaring prices.</p><p><blockquote>在美国和其他主要石油消费国上周释放紧急原油储备以应对油价飙升后，欧佩克+内部要求重新考虑其供应计划的压力已经越来越大。</blockquote></p><p> \"Following the global strategic reserve releases and the announcement of dozens of countries restricting travel to and from South Africa and neighbouring nations, OPEC and its allies can easily justify an output halt or even a slight cut in production,\" OANDA analyst Edward Moya said in a note.</p><p><blockquote>OANDA 分析师爱德华·莫亚 (Edward Moya) 表示：“在全球战略储备释放以及数十个国家宣布限制往返南非和邻国的旅行之后，欧佩克及其盟友可以轻松证明停止产量甚至小幅减产是合理的。”在一份报告中。</blockquote></p><p> Also weighing on the market is the prospect of a resumption of oil exports from Iran, following upbeat comments from diplomats as talks resumed on Monday between world powers and Iran on reviving a nuclear pact.</p><p><blockquote>伊朗恢复石油出口的前景也给市场带来压力，此前世界大国和伊朗周一恢复了关于恢复核协议的谈判，外交官们发表了乐观的评论。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/oil-prices-rise-bets-opec-011923039.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/oil-prices-rise-bets-opec-011923039.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168673398","content_text":"MELBOURNE (Reuters) - Oil prices climbed on Tuesday, extending a rebound from last week's plunge on growing expectations major producers would pause plans to add crude supply in January amid uncertainty over the severity of the Omicron coronavirus variant.\nU.S. West Texas Intermediate (WTI) crude futures jumped 99 cents, or 1.4%, to $70.94 a barrel at 0105 GMT, adding to a 2.6% rise on Monday.\nBrent crude futures climbed 82 cents, or 1.1%, to $74.26 a barrel, after gaining 1% on Monday.\nOil plunged around 12% on Friday along with other markets on fears the heavily mutated Omicron would spark fresh lockdowns and dent global growth.\nThe World Health Organization said on Monday Omicron posed a very high risk of infection surges, and several countries stepped up travel curbs. It is still unclear how severe the new variant is and whether it can resist existing vaccines.\nWith the demand outlook under a cloud, expectations are growing that the Organization of the Petroleum Exporting countries, Russia and their allies, together called OPEC+, due to meet on Dec. 2 will put on hold plans to add 400,000 barrels per day (bpd) of supply in January.\n\"We think the group will lean towards pausing output hikes in light of the Omicron variant and the oil stockpile release by major oil consumers,\" Commonwealth Bank commodities analyst Vivek Dhar said in a note.\nPressure was already growing within OPEC+ to reconsider its supply plan after last week's release of emergency crude reserves by the United States and other major oil-consuming nations to address soaring prices.\n\"Following the global strategic reserve releases and the announcement of dozens of countries restricting travel to and from South Africa and neighbouring nations, OPEC and its allies can easily justify an output halt or even a slight cut in production,\" OANDA analyst Edward Moya said in a note.\nAlso weighing on the market is the prospect of a resumption of oil exports from Iran, following upbeat comments from diplomats as talks resumed on Monday between world powers and Iran on reviving a nuclear pact.","news_type":1,"symbols_score_info":{"BZmain":0.9,"CLmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874778361,"gmtCreate":1637831976712,"gmtModify":1637831976804,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586228965364851","idStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/874778361","repostId":"1182200011","repostType":4,"repost":{"id":"1182200011","kind":"news","pubTimestamp":1637831082,"share":"https://www.laohunote.com/m/news/1182200011?lang=zh_CN&edition=full","pubTime":"2021-11-25 17:04","market":"us","language":"en","title":"The Market Believes the Fed Will Have to Raise Rates Soon. What It Means for Stocks.<blockquote>市场认为美联储将不得不很快加息。这对股票意味着什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1182200011","media":"Barrons","summary":"Fixed-income markets are signaling that the Federal Reserve will have to increase interest rates soo","content":"<p>Fixed-income markets are signaling that the Federal Reserve will have to increase interest rates sooner than expected, which could put a dent in the stock market.</p><p><blockquote>固定收益市场发出信号，美联储将不得不比预期更早加息，这可能会削弱股市。</blockquote></p><p> The yield on the 2-year Treasury note has gone from 0.5% in early November to 0.64% as of Wednesday. The move suggests that investors expect the Fed to raise interest rates to combat inflation that remains higher than expected because of soaring consumer demand and supply chains that struggling to match demand.</p><p><blockquote>截至周三，2年期国库券收益率已从11月初的0.5%升至0.64%。此举表明，投资者预计美联储将加息以应对通胀，由于消费者需求飙升和供应链难以满足需求，通胀仍高于预期。</blockquote></p><p> Indeed, minutes released Wednesday from the Fed’s meeting earlier this month show that members of the central bank are prepared to increase rates sooner than previously anticipated if inflation remains high.</p><p><blockquote>事实上，周三公布的美联储本月早些时候会议纪要显示，如果通胀居高不下，美联储成员准备比之前预期的更早加息。</blockquote></p><p> That belief is beginning to creep into credit spreads between corporate and government debt. A Bank of America index of investment-grade corporate bonds shows that, in aggregate, the spread over Treasury yields has increased to 0.94% from 0.89% earlier this month as investors have fled corporate bonds in anticipation of rate increases that could slow economic growth and pressure profits.</p><p><blockquote>这种信念开始渗透到企业和政府债务之间的信用利差中。美国银行投资级公司债券指数显示，总体而言，国债收益率利差已从本月早些时候的0.89%升至0.94%，原因是投资者因预期加息可能会减缓经济增长并给利润带来压力而纷纷逃离公司债券。</blockquote></p><p> Consistent with that, credit spreads for investment-grade corporate bonds in more economically sensitive sectors are rising against government debt. Ten-year bonds issues by manufacturing companies in the S&amp;P 500 yield 1.08 percentage points more than the 10-year Treasury note, according to FactSet, an increase from the 0.99 percentage point spread seen at the lowest levels of November. The spread for corporate bonds in the energy sector has risen to 1.41 percentage points from a November low of 1.2.</p><p><blockquote>与此相一致，经济敏感行业的投资级公司债券相对于政府债务的信用利差正在上升。FactSet 的数据显示，标普500制造企业发行的 10 年期债券收益率比 10 年期国债高出 1.08 个百分点，比 11 月份最低水平时的 0.99 个百分点利差有所上升。能源行业公司债券利差已从11月份的低点1.2升至1.41个百分点。</blockquote></p><p> “The market expects one to two [rate] hikes next year and that’s why you’re seeing credit spreads increase,” said John Ham, wealth advisor at New England Investments &amp; Retirement Group, told Barron’s Wednesday.</p><p><blockquote>“新英格兰投资与退休集团（New England Investments &amp; Retirement Group）财富顾问约翰-哈姆（John Ham）周三对《巴伦周刊》说：”市场预计明年将加息一到两次，这就是为什么你会看到信贷利差上升。</blockquote></p><p> Although the major indexes are off their all-time highs, this sentiment hasn’t caused a selloff of more than 5%. The S&amp;P 500, Nasdaq Composite, and Dow Jones Industrial Average are down 0.1%, 1.3%, and 1.7% from their highs.</p><p><blockquote>尽管主要股指已脱离历史高点，但这种情绪并未导致超过 5% 的抛售。标普500、纳斯达克综合指数和道琼斯工业平均指数分别较高点下跌 0.1%、1.3% 和 1.7%。</blockquote></p><p> But the pain could come if credit spreads continue to widen. “Eventually that’s going to creep back into the equity market,” Harvey said.</p><p><blockquote>但如果信贷利差继续扩大，痛苦可能会到来。“哈维说：”最终，这将重新流入股票市场。</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Market Believes the Fed Will Have to Raise Rates Soon. What It Means for Stocks.<blockquote>市场认为美联储将不得不很快加息。这对股票意味着什么。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Market Believes the Fed Will Have to Raise Rates Soon. What It Means for Stocks.<blockquote>市场认为美联储将不得不很快加息。这对股票意味着什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-11-25 17:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Fixed-income markets are signaling that the Federal Reserve will have to increase interest rates sooner than expected, which could put a dent in the stock market.</p><p><blockquote>固定收益市场发出信号，美联储将不得不比预期更早加息，这可能会削弱股市。</blockquote></p><p> The yield on the 2-year Treasury note has gone from 0.5% in early November to 0.64% as of Wednesday. The move suggests that investors expect the Fed to raise interest rates to combat inflation that remains higher than expected because of soaring consumer demand and supply chains that struggling to match demand.</p><p><blockquote>截至周三，2年期国库券收益率已从11月初的0.5%升至0.64%。此举表明，投资者预计美联储将加息以应对通胀，由于消费者需求飙升和供应链难以满足需求，通胀仍高于预期。</blockquote></p><p> Indeed, minutes released Wednesday from the Fed’s meeting earlier this month show that members of the central bank are prepared to increase rates sooner than previously anticipated if inflation remains high.</p><p><blockquote>事实上，周三公布的美联储本月早些时候会议纪要显示，如果通胀居高不下，美联储成员准备比之前预期的更早加息。</blockquote></p><p> That belief is beginning to creep into credit spreads between corporate and government debt. A Bank of America index of investment-grade corporate bonds shows that, in aggregate, the spread over Treasury yields has increased to 0.94% from 0.89% earlier this month as investors have fled corporate bonds in anticipation of rate increases that could slow economic growth and pressure profits.</p><p><blockquote>这种信念开始渗透到企业和政府债务之间的信用利差中。美国银行投资级公司债券指数显示，总体而言，国债收益率利差已从本月早些时候的0.89%升至0.94%，原因是投资者因预期加息可能会减缓经济增长并给利润带来压力而纷纷逃离公司债券。</blockquote></p><p> Consistent with that, credit spreads for investment-grade corporate bonds in more economically sensitive sectors are rising against government debt. Ten-year bonds issues by manufacturing companies in the S&amp;P 500 yield 1.08 percentage points more than the 10-year Treasury note, according to FactSet, an increase from the 0.99 percentage point spread seen at the lowest levels of November. The spread for corporate bonds in the energy sector has risen to 1.41 percentage points from a November low of 1.2.</p><p><blockquote>与此相一致，经济敏感行业的投资级公司债券相对于政府债务的信用利差正在上升。FactSet 的数据显示，标普500制造企业发行的 10 年期债券收益率比 10 年期国债高出 1.08 个百分点，比 11 月份最低水平时的 0.99 个百分点利差有所上升。能源行业公司债券利差已从11月份的低点1.2升至1.41个百分点。</blockquote></p><p> “The market expects one to two [rate] hikes next year and that’s why you’re seeing credit spreads increase,” said John Ham, wealth advisor at New England Investments &amp; Retirement Group, told Barron’s Wednesday.</p><p><blockquote>“新英格兰投资与退休集团（New England Investments &amp; Retirement Group）财富顾问约翰-哈姆（John Ham）周三对《巴伦周刊》说：”市场预计明年将加息一到两次，这就是为什么你会看到信贷利差上升。</blockquote></p><p> Although the major indexes are off their all-time highs, this sentiment hasn’t caused a selloff of more than 5%. The S&amp;P 500, Nasdaq Composite, and Dow Jones Industrial Average are down 0.1%, 1.3%, and 1.7% from their highs.</p><p><blockquote>尽管主要股指已脱离历史高点，但这种情绪并未导致超过 5% 的抛售。标普500、纳斯达克综合指数和道琼斯工业平均指数分别较高点下跌 0.1%、1.3% 和 1.7%。</blockquote></p><p> But the pain could come if credit spreads continue to widen. “Eventually that’s going to creep back into the equity market,” Harvey said.</p><p><blockquote>但如果信贷利差继续扩大，痛苦可能会到来。“哈维说：”最终，这将重新流入股票市场。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/articles/stock-market-fed-rate-increase-51637790713?mod=newsviewer_click_seemore\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/articles/stock-market-fed-rate-increase-51637790713?mod=newsviewer_click_seemore","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1182200011","content_text":"Fixed-income markets are signaling that the Federal Reserve will have to increase interest rates sooner than expected, which could put a dent in the stock market.\nThe yield on the 2-year Treasury note has gone from 0.5% in early November to 0.64% as of Wednesday. The move suggests that investors expect the Fed to raise interest rates to combat inflation that remains higher than expected because of soaring consumer demand and supply chains that struggling to match demand.\nIndeed, minutes released Wednesday from the Fed’s meeting earlier this month show that members of the central bank are prepared to increase rates sooner than previously anticipated if inflation remains high.\nThat belief is beginning to creep into credit spreads between corporate and government debt. A Bank of America index of investment-grade corporate bonds shows that, in aggregate, the spread over Treasury yields has increased to 0.94% from 0.89% earlier this month as investors have fled corporate bonds in anticipation of rate increases that could slow economic growth and pressure profits.\nConsistent with that, credit spreads for investment-grade corporate bonds in more economically sensitive sectors are rising against government debt. Ten-year bonds issues by manufacturing companies in the S&P 500 yield 1.08 percentage points more than the 10-year Treasury note, according to FactSet, an increase from the 0.99 percentage point spread seen at the lowest levels of November. The spread for corporate bonds in the energy sector has risen to 1.41 percentage points from a November low of 1.2.\n“The market expects one to two [rate] hikes next year and that’s why you’re seeing credit spreads increase,” said John Ham, wealth advisor at New England Investments & Retirement Group, told Barron’s Wednesday.\nAlthough the major indexes are off their all-time highs, this sentiment hasn’t caused a selloff of more than 5%. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average are down 0.1%, 1.3%, and 1.7% from their highs.\nBut the pain could come if credit spreads continue to widen. “Eventually that’s going to creep back into the equity market,” Harvey said.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":896418705,"gmtCreate":1628600698207,"gmtModify":1631884445512,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586228965364851","idStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/896418705","repostId":"2158475046","repostType":4,"isVote":1,"tweetType":1,"viewCount":739,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170929197,"gmtCreate":1626400372119,"gmtModify":1631893571067,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586228965364851","idStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/170929197","repostId":"2151573133","repostType":4,"isVote":1,"tweetType":1,"viewCount":929,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":846571070,"gmtCreate":1636100733383,"gmtModify":1636100773830,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586228965364851","idStr":"3586228965364851"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/846571070","repostId":"1144839201","repostType":4,"isVote":1,"tweetType":1,"viewCount":1013,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":861234503,"gmtCreate":1632496960502,"gmtModify":1632715912021,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"58ef4b45","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586228965364851","idStr":"3586228965364851"},"themes":[],"title":"","htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/861234503","repostId":"1114004721","repostType":4,"repost":{"id":"1114004721","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":1632496493,"share":"https://www.laohunote.com/m/news/1114004721?lang=zh_CN&edition=full","pubTime":"2021-09-24 23:14","market":"us","language":"en","title":"IPO opening reminder: Clearwater Analytics opens for trading at $23.8, up about 32% from IPO price<blockquote>IPO开盘提醒：Clearwater Analytics 开盘交易价格为 23.8 美元，较 IPO 价格上涨约 32%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114004721","media":"Tiger Newspress","summary":"(Sept 24) Clearwater Analytics Holdings, Inc. opens for trading at $23.8, up about 32% from IPO pric","content":"<p>(Sept 24)&nbsp;<b><a href=\"https://laohu8.com/S/CWAN\">Clearwater Analytics Holdings, Inc.</a></b> opens for trading at $23.8, up about 32% from IPO price.</p><p><blockquote>（9月24日）<b><a href=\"https://laohu8.com/S/CWAN\">清水分析控股公司。</a></b>开盘价为 23.8 美元，较 IPO 价格上涨约 32%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/076505c7b70dbe2ad6cfcae8c44f52cb\" tg-width=\"902\" tg-height=\"557\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Company &amp; Technology</b></p><p><blockquote><b>公司与技术</b></blockquote></p><p> Boise, Idaho-based Clearwater was founded to develop a SaaS platform to simplify investment accounting and analysis for asset managers, insurance companies and large corporations.</p><p><blockquote>总部位于爱达荷州博伊西的Clearwater成立的目的是开发一个SaaS平台，为资产管理公司、保险公司和大型企业简化投资会计和分析。</blockquote></p><p> Management is headed by Chief Executive Officer Sandeep Sahai, who has been with the firm since September 2016 and was previously CEO of Solmark, an investment partnership.</p><p><blockquote>管理层由首席执行官 Sandeep Sahai 领导，他自 2016 年 9 月起加入该公司，此前曾担任投资合伙企业 Solmark 的首席执行官。</blockquote></p><p> The company’s primary offerings include:</p><p><blockquote>该公司的主要产品包括：</blockquote></p><p> <ul>  <li>Investment accounting and reporting</p><p><blockquote><ul><li>投资会计和报告</li></ul></blockquote></p><p></li>  <li>Performance measurement</p><p><blockquote><li>性能测量</li></blockquote></p><p></li>  <li>Compliance monitoring</p><p><blockquote><li>合规性监控</li></blockquote></p><p></li>  <li>Risk analysis</p><p><blockquote><li>风险分析</li></blockquote></p><p></li> </ul> Clearwater has received at least $421 million in notes payable in equity investment from investors including Welsh Carson, Permira, Warburg Pincus and Dragoneer.</p><p><blockquote>Clearwater 已从 Welsh Carson、Permira、Warburg Pincus 和 Dragoneer 等投资者处收到至少 4.21 亿美元的股权投资应付票据。</blockquote></p><p> <b>Customer Acquisition</b></p><p><blockquote><b>客户获取</b></blockquote></p><p> The firm pursues client relationships with asset managers, insurance companies and large corporations via a direct sales and marketing force that is focused on the United States.</p><p><blockquote>该公司通过专注于美国的直销和营销团队，寻求与资产管理公司、保险公司和大公司的客户关系。</blockquote></p><p> CWAN also has international clients and will seek to expand its international presence post-IPO.</p><p><blockquote>CWAN 还拥有国际客户，并将在 IPO 后寻求扩大其国际业务。</blockquote></p><p> Clearwater handles data on over $5.6 trillion in assets between more than 1,000 clients.</p><p><blockquote>Clearwater 处理 1,000 多个客户超过 5.6 万亿美元资产的数据。</blockquote></p><p> Sales and Marketing expenses as a percentage of total revenue have varied as revenues have increased, as the figures below indicate:</p><p><blockquote>销售及市场推广开支占总收入的百分比随著收入增加而有所变动，如下图所示：</blockquote></p><p> <table>  <colgroup></colgroup>  <tbody>   <tr>    <td><b>Sales and Marketing</b></p><p><blockquote><table><colgroup></colgroup><tbody><tr><td><b>销售及市场推广</b></td></tr></tbody></table></blockquote></p><p></td>    <td><b>Expenses vs. Revenue</b></p><p><blockquote><td><b>费用与收入</b></td></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Percentage</p><p><blockquote><td>百分比</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>13.6%</p><p><blockquote><td>13.6%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>10.9%</p><p><blockquote><td>10.9%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2019</p><p><blockquote><tr><td>2019</td></tr></blockquote></p><p></td>    <td>11.4%</p><p><blockquote><td>11.4%</td></blockquote></p><p></td>   </tr>  </tbody> </table> The Sales and Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Sales and Marketing spend, dropped to 1.4x in the most recent reporting period, as shown in the table below:</p><p><blockquote>销售和营销效率率（定义为每1美元的销售和营销支出产生多少美元的额外新收入）在最近的报告期内下降至1.4倍，如下表所示：</blockquote></p><p> <table>  <colgroup></colgroup>  <tbody>   <tr>    <td><b>Sales and Marketing</b></p><p><blockquote><table><colgroup></colgroup><tbody><tr><td><b>销售及市场推广</b></td></tr></tbody></table></blockquote></p><p></td>    <td><b>Efficiency Rate</b></p><p><blockquote><td><b>效率率</b></td></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Multiple</p><p><blockquote><td>多个的</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>1.4</p><p><blockquote><td>1.4</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>1.6</p><p><blockquote><td>1.6</td></blockquote></p><p></td>   </tr>  </tbody> </table> The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory.</p><p><blockquote>40法则是软件行业的一条经验法则，即只要收入增长率和EBITDA百分比等于或超过40%，公司就处于可接受的增长/EBITDA轨迹上。</blockquote></p><p> CWAN’s most recent calculation was 41% during the six months ended June 30, 2021, so the firm has performed well in this regard, per the table below:</p><p><blockquote>CWAN 在截至 2021 年 6 月 30 日的六个月内的最新计算为 41%，因此该公司在这方面表现良好，如下表所示：</blockquote></p><p> <table>  <colgroup></colgroup>  <tbody>   <tr>    <td><b>Rule of 40</b></p><p><blockquote><table><colgroup></colgroup><tbody><tr><td><b>40法则</b></td></tr></tbody></table></blockquote></p><p></td>    <td><b>Calculation</b></p><p><blockquote><td><b>计算</b></td></blockquote></p><p></td>   </tr>   <tr>    <td>Recent Rev. Growth %</p><p><blockquote><tr><td>近期修订版增长率%</td></tr></blockquote></p><p></td>    <td>24%</p><p><blockquote><td>24%</td></blockquote></p><p></td>   </tr>   <tr>    <td>EBITDA %</p><p><blockquote><tr><td>息税折旧摊销前利润百分比</td></tr></blockquote></p><p></td>    <td>17%</p><p><blockquote><td>17%</td></blockquote></p><p></td>   </tr>   <tr>    <td>Total</p><p><blockquote><tr><td>总的</td></tr></blockquote></p><p></td>    <td>41%</p><p><blockquote><td>41%</td></blockquote></p><p></td>   </tr>  </tbody> </table> The firm’s dollar-based net revenue retention rate for June 30, 2021 was 109%, a reasonably good result.</p><p><blockquote>截至 2021 年 6 月 30 日，该公司按美元计算的净收入保留率为 109%，这是一个相当不错的结果。</blockquote></p><p> The dollar-based net revenue retention rate metric measures how much additional revenue is generated over time from each cohort of customers, so that a figure over 100% means that the company is generating more revenue from the same customer cohort over time, indicating good product/market fit and efficient sales and marketing efforts.</p><p><blockquote>基于美元的净收入保留率指标衡量随着时间的推移从每个客户群体中产生了多少额外收入，因此超过100%的数字意味着公司随着时间的推移从同一客户群体中产生了更多收入，表明良好的产品/市场契合度以及高效的销售和营销工作。</blockquote></p><p> <b>Market &amp; Competition</b></p><p><blockquote><b>市场与竞争</b></blockquote></p><p> According to a 2021 marketresearch reportby Market Primes, the global investment management software market was an estimated $3 billion in 2019 and is forecast to reach nearly $4.5 billion by 2025.</p><p><blockquote>根据Market Primes的2021年市场研究报告，2019年全球投资管理软件市场估计为30亿美元，预计到2025年将达到近45亿美元。</blockquote></p><p> This represents a forecast CAGR of 10.2% from 2019 to 2025.</p><p><blockquote>这意味着2019年至2025年的预测CAGR为10.2%。</blockquote></p><p> The main drivers for this expected growth are a desire by users to automate repetitive tasks so they can focus on maximizing portfolio performance and creating more sophisticated approaches.</p><p><blockquote>这种预期增长的主要驱动力是用户希望自动化重复性任务，以便他们可以专注于最大限度地提高投资组合绩效和创建更复杂的方法。</blockquote></p><p> Also, assessing risks and exposures and being able to efficiently report and share the information with stakeholders will drive demand for more capable solutions.</p><p><blockquote>此外，评估风险和暴露以及能够有效地报告和与利益相关者共享信息将推动对更强大解决方案的需求。</blockquote></p><p> Major competitive or other industry participants include:</p><p><blockquote>主要竞争或其他行业参与者包括：</blockquote></p><p> <ul>  <li>SS&amp;C</p><p><blockquote><ul><li>SSC</li></ul></blockquote></p><p></li>  <li>State Street</p><p><blockquote><li>道富街</li></blockquote></p><p></li>  <li>SAP</p><p><blockquote><li>树液</li></blockquote></p><p></li>  <li>BNY Mellon (Eagle)</p><p><blockquote><li>纽约梅隆银行（鹰）</li></blockquote></p><p></li>  <li>Simcorp</p><p><blockquote><li>模拟公司</li></blockquote></p><p></li>  <li>BlackRock</p><p><blockquote><li>贝莱德</li></blockquote></p><p></li>  <li>FIS</p><p><blockquote><li>菲斯</li></blockquote></p><p></li>  <li>Northern Trust</p><p><blockquote><li>北方信托</li></blockquote></p><p></li>  <li>Others</p><p><blockquote><li>其他</li></blockquote></p><p></li> </ul> <b>Financial Performance</b></p><p><blockquote><b>财务表现</b></blockquote></p><p> Clearwater’s recent financial results can be summarized as follows:</p><p><blockquote>Clearwater 近期的财务业绩可概括如下：</blockquote></p><p> <ul>  <li>Strong topline revenue growth</p><p><blockquote><ul><li>营收强劲增长</li></ul></blockquote></p><p></li>  <li>Increasing gross profit and gross margin</p><p><blockquote><li>增加毛利及毛利率</li></blockquote></p><p></li>  <li>A swing to operating profit and net profit</p><p><blockquote><li>营业利润和净利润波动</li></blockquote></p><p></p><p></li>  <li>Uneven cash used in operations</p><p><blockquote><li>经营所用现金不均</li></blockquote></p><p></li> </ul> Below are relevant financial results derived from the firm’s registration statement:</p><p><blockquote>以下是公司注册声明中的相关财务业绩：</blockquote></p><p> <table>  <colgroup></colgroup>  <tbody>   <tr>    <td><b>Total Revenue</b></p><p><blockquote><table><colgroup></colgroup><tbody><tr><td><b>总收入</b></td></tr></tbody></table></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Total Revenue</p><p><blockquote><td>总收入</td></blockquote></p><p></td>    <td>% Variance vs. Prior</p><p><blockquote><td>与先前相比的%方差</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>$ 117,770,000</p><p><blockquote><td>$117,770,000</td></blockquote></p><p></td>    <td>23.8%</p><p><blockquote><td>23.8%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>$ 203,222,000</p><p><blockquote><td>$203,222,000</td></blockquote></p><p></td>    <td>21.0%</p><p><blockquote><td>21.0%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2019</p><p><blockquote><tr><td>2019</td></tr></blockquote></p><p></td>    <td>$ 168,001,000</p><p><blockquote><td>$168,001,000</td></blockquote></p><p></td>   </tr>   <tr></tr>   <tr>    <td><b>Gross Profit (Loss)</b></p><p><blockquote><tr></tr><tr><td><b>毛利（亏损）</b></td></tr></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Gross Profit (Loss)</p><p><blockquote><td>毛利（亏损）</td></blockquote></p><p></td>    <td>% Variance vs. Prior</p><p><blockquote><td>与先前相比的%方差</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>$ 87,872,000</p><p><blockquote><td>$87,872,000</td></blockquote></p><p></td>    <td>28.8%</p><p><blockquote><td>28.8%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>$ 149,959,000</p><p><blockquote><td>$149,959,000</td></blockquote></p><p></td>    <td>24.1%</p><p><blockquote><td>24.1%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2019</p><p><blockquote><tr><td>2019</td></tr></blockquote></p><p></td>    <td>$ 120,856,000</p><p><blockquote><td>$120,856,000</td></blockquote></p><p></td>   </tr>   <tr></tr>   <tr>    <td><b>Gross Margin</b></p><p><blockquote><tr></tr><tr><td><b>毛利率</b></td></tr></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Gross Margin</p><p><blockquote><td>毛利率</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>74.61%</p><p><blockquote><td>74.61%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>73.79%</p><p><blockquote><td>73.79%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2019</p><p><blockquote><tr><td>2019</td></tr></blockquote></p><p></td>    <td>71.94%</p><p><blockquote><td>71.94%</td></blockquote></p><p></td>   </tr>   <tr></tr>   <tr>    <td><b>Operating Profit (Loss)</b></p><p><blockquote><tr></tr><tr><td><b>营业溢利（亏损）</b></td></tr></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Operating Profit (Loss)</p><p><blockquote><td>营业溢利（亏损）</td></blockquote></p><p></td>    <td>Operating Margin</p><p><blockquote><td>营业利润率</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>$ 20,544,000</p><p><blockquote><td>$20,544,000</td></blockquote></p><p></td>    <td>17.4%</p><p><blockquote><td>17.4%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>$ (20,418,000)</p><p><blockquote><td>$(20,418,000)</td></blockquote></p><p></td>    <td>-10.0%</p><p><blockquote><td>-10.0%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2019</p><p><blockquote><tr><td>2019</td></tr></blockquote></p><p></td>    <td>$ 25,697,000</p><p><blockquote><td>$25,697,000</td></blockquote></p><p></td>    <td>15.3%</p><p><blockquote><td>15.3%</td></blockquote></p><p></td>   </tr>   <tr></tr>   <tr>    <td><b>Net Income (Loss)</b></p><p><blockquote><tr></tr><tr><td><b>净收入（亏损）</b></td></tr></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Net Income (Loss)</p><p><blockquote><td>净收入（亏损）</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>$ 3,200,000</p><p><blockquote><td>$3,200,000</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>$ (44,230,000)</p><p><blockquote><td>$(44,230,000)</td></blockquote></p><p></td>   </tr>   <tr>    <td>2019</p><p><blockquote><tr><td>2019</td></tr></blockquote></p><p></td>    <td>$ 7,732,000</p><p><blockquote><td>$7,732,000</td></blockquote></p><p></td>   </tr>   <tr></tr>   <tr>    <td><b>Cash Flow From Operations</b></p><p><blockquote><tr></tr><tr><td><b>经营现金流量</b></td></tr></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Cash Flow From Operations</p><p><blockquote><td>经营现金流量</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>$ (16,352,000)</p><p><blockquote><td>$(16,352,000)</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>$ (6,486,000)</p><p><blockquote><td>$(6,486,000)</td></blockquote></p><p></td>   </tr>   <tr>    <td>2019</p><p><blockquote><tr><td>2019</td></tr></blockquote></p><p></td>    <td>$ (230,029,000)</p><p><blockquote><td>$(230,029,000)</td></blockquote></p><p></td>   </tr>  </tbody> </table> As of June 30, 2021, Clearwater had $41 million in cash and $450 million in total liabilities.</p><p><blockquote>截至2021年6月30日，Clearwater拥有4100万美元现金和4.5亿美元总负债。</blockquote></p><p> Free cash flow during the twelve months ended June 30, 2021, was negative ($38 million).</p><p><blockquote>截至2021年6月30日的12个月内，自由现金流为负（3800万美元）。</blockquote></p><p> Valuation Metrics</p><p><blockquote>估值指标</blockquote></p><p> Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p><p><blockquote>下表列出了该公司首次公开募股时的相关资本和估值指标，不包括承销商期权的影响：</blockquote></p><p> <table>  <colgroup></colgroup>  <tbody>   <tr>    <td><b>Measure [TTM]</b></p><p><blockquote><table><colgroup></colgroup><tbody><tr><td><b>测量[TTM]</b></td></tr></tbody></table></blockquote></p><p></td>    <td><b>Amount</b></p><p><blockquote><td><b>数量</b></td></blockquote></p><p></td>   </tr>   <tr>    <td>Market Capitalization at IPO</p><p><blockquote><tr><td>首次公开发售时的市值</td></tr></blockquote></p><p></td>    <td>$3,472,178,130</p><p><blockquote><td>$3,472,178,130</td></blockquote></p><p></td>   </tr>   <tr>    <td>Enterprise Value</p><p><blockquote><tr><td>企业价值</td></tr></blockquote></p><p></td>    <td>$3,470,109,130</p><p><blockquote><td>$3,470,109,130</td></blockquote></p><p></td>   </tr>   <tr>    <td>Price / Sales</p><p><blockquote><tr><td>价格/销售</td></tr></blockquote></p><p></td>    <td>15.37</p><p><blockquote><td>15.37</td></blockquote></p><p></td>   </tr>   <tr>    <td>EV / Revenue</p><p><blockquote><tr><td>电动汽车/收入</td></tr></blockquote></p><p></td>    <td>15.36</p><p><blockquote><td>15.36</td></blockquote></p><p></td>   </tr>   <tr>    <td>EV / EBITDA</p><p><blockquote><tr><td>首页 / EBITDA</td></tr></blockquote></p><p></td>    <td>-141.93</p><p><blockquote><td>-141.93</td></blockquote></p><p></td>   </tr>   <tr>    <td>Earnings Per Share</p><p><blockquote><tr><td>每股盈利</td></tr></blockquote></p><p></td>    <td>-$0.23</p><p><blockquote><td>-$0.23</td></blockquote></p><p></td>   </tr>   <tr>    <td>Float To Outstanding Shares Ratio</p><p><blockquote><tr><td>流通股与流通股比率</td></tr></blockquote></p><p></td>    <td>12.96%</p><p><blockquote><td>12.96%</td></blockquote></p><p></td>   </tr>   <tr>    <td>Proposed IPO Midpoint Price per Share</p><p><blockquote><tr><td>建议IPO每股中点价格</td></tr></blockquote></p><p></td>    <td>$15.00</p><p><blockquote><td>$15.00</td></blockquote></p><p></td>   </tr>   <tr>    <td>Net Free Cash Flow</p><p><blockquote><tr><td>净自由现金流量</td></tr></blockquote></p><p></td>    <td>-$38,024,000</p><p><blockquote><td>-$38,024,000</td></blockquote></p><p></td>   </tr>   <tr>    <td>Free Cash Flow Yield Per Share</p><p><blockquote><tr><td>每股自由现金流收益率</td></tr></blockquote></p><p></td>    <td>-1.10%</p><p><blockquote><td>-1.10%</td></blockquote></p><p></td>   </tr>   <tr>    <td>Revenue Growth Rate</p><p><blockquote><tr><td>收入增长率</td></tr></blockquote></p><p></td>    <td>23.83%</p><p><blockquote><td>23.83%</td></blockquote></p><p></td>   </tr>  </tbody> </table> <b>Commentary</b></p><p><blockquote><b>评论</b></blockquote></p><p> CWAN intends to go public to pay down debt and will have a net of $55 million in debt post-IPO.</p><p><blockquote>CWAN打算上市偿还债务，IPO后债务净额将达到5500万美元。</blockquote></p><p> The firm’s financials show strong topline revenue growth and gross profit growth and a rebound to operating profit and net income after negative results in 2020.</p><p><blockquote>该公司的财务数据显示，营收增长强劲，毛利润增长强劲，营业利润和净利润在 2020 年业绩不佳后有所反弹。</blockquote></p><p> Free cash flow for the twelve months ended June 30, 2021, was a decidedly unimpressive negative ($38 million).</p><p><blockquote>截至 2021 年 6 月 30 日的 12 个月的自由现金流明显为负值（3800 万美元）。</blockquote></p><p> Sales and Marketing expenses as a percentage of total revenue have varied as revenue has increased; its Sales and Marketing efficiency rate dropped slightly to 1.4x in the most recent six-month period.</p><p><blockquote>销售及营销开支占总收入的百分比随收入增加而变化；最近六个月，其销售和营销效率略有下降至 1.4 倍。</blockquote></p><p> CWAN's dollar-based net retention rate was 109% for June 30, 2021, a positive result and its Rule of 40 performance was good as well.</p><p><blockquote>截至2021年6月30日，CWAN的美元净保留率为109%，这是一个积极的结果，其40规则表现也很好。</blockquote></p><p> The market opportunity for selling investment management software is large and expected to grow substantially in the years ahead, but the firm has extensive competition.</p><p><blockquote>销售投资管理软件的市场机会很大，预计在未来几年将大幅增长，但该公司面临着激烈的竞争。</blockquote></p><p></p><p> Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 40.5% since their IPO. This is a middle-tier performance for all major underwriters during the period.</p><p><blockquote>高盛是主承销商，该公司在过去 12 个月内牵头的 IPO 自 IPO 以来的平均回报率为 40.5%。这是期内所有主要承销商的中等表现。</blockquote></p><p> The primary risk to the company’s outlook is the degree of competition and specialization present in various submarkets in which it competes, as well as the ability for some larger prospects to develop solutions in-house.</p><p><blockquote>公司前景面临的主要风险是其所竞争的各个子市场的竞争程度和专业化程度，以及一些较大的潜在客户在内部开发解决方案的能力。</blockquote></p><p> As for valuation, compared to competitor Simcorp, the CWAN IPO is much more highly priced on a revenue multiple basis. In my view, this is justified as the firm is growing revenue at a significantly higher rate of growth.</p><p><blockquote>至于估值，与竞争对手 Simcorp 相比，CWAN IPO 的收入倍数定价要高得多。在我看来，这是合理的，因为该公司的收入增长率明显更高。</blockquote></p><p> After a difficult period during 2020 where the firm produced operating losses, 2021 has seen a return to operating and net profits with impressive growth as well.</p><p><blockquote>在经历了 2020 年出现运营亏损的困难时期后，2021 年运营利润和净利润也出现了令人印象深刻的增长。</blockquote></p><p> Given CWAN’s growth trajectory and the investment management software industry’s strong growth potential in the years ahead, the IPO is worth a close look.</p><p><blockquote>鉴于 CWAN 的增长轨迹和投资管理软件行业未来几年的强劲增长潜力，此次 IPO 值得密切关注。</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>IPO opening reminder: Clearwater Analytics opens for trading at $23.8, up about 32% from IPO price<blockquote>IPO开盘提醒：Clearwater Analytics 开盘交易价格为 23.8 美元，较 IPO 价格上涨约 32%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIPO opening reminder: Clearwater Analytics opens for trading at $23.8, up about 32% from IPO price<blockquote>IPO开盘提醒：Clearwater Analytics 开盘交易价格为 23.8 美元，较 IPO 价格上涨约 32%</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\">2021-09-24 23:14</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Sept 24)&nbsp;<b><a href=\"https://laohu8.com/S/CWAN\">Clearwater Analytics Holdings, Inc.</a></b> opens for trading at $23.8, up about 32% from IPO price.</p><p><blockquote>（9月24日）<b><a href=\"https://laohu8.com/S/CWAN\">清水分析控股公司。</a></b>开盘价为 23.8 美元，较 IPO 价格上涨约 32%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/076505c7b70dbe2ad6cfcae8c44f52cb\" tg-width=\"902\" tg-height=\"557\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Company &amp; Technology</b></p><p><blockquote><b>公司与技术</b></blockquote></p><p> Boise, Idaho-based Clearwater was founded to develop a SaaS platform to simplify investment accounting and analysis for asset managers, insurance companies and large corporations.</p><p><blockquote>总部位于爱达荷州博伊西的Clearwater成立的目的是开发一个SaaS平台，为资产管理公司、保险公司和大型企业简化投资会计和分析。</blockquote></p><p> Management is headed by Chief Executive Officer Sandeep Sahai, who has been with the firm since September 2016 and was previously CEO of Solmark, an investment partnership.</p><p><blockquote>管理层由首席执行官 Sandeep Sahai 领导，他自 2016 年 9 月起加入该公司，此前曾担任投资合伙企业 Solmark 的首席执行官。</blockquote></p><p> The company’s primary offerings include:</p><p><blockquote>该公司的主要产品包括：</blockquote></p><p> <ul>  <li>Investment accounting and reporting</p><p><blockquote><ul><li>投资会计和报告</li></ul></blockquote></p><p></li>  <li>Performance measurement</p><p><blockquote><li>性能测量</li></blockquote></p><p></li>  <li>Compliance monitoring</p><p><blockquote><li>合规性监控</li></blockquote></p><p></li>  <li>Risk analysis</p><p><blockquote><li>风险分析</li></blockquote></p><p></li> </ul> Clearwater has received at least $421 million in notes payable in equity investment from investors including Welsh Carson, Permira, Warburg Pincus and Dragoneer.</p><p><blockquote>Clearwater 已从 Welsh Carson、Permira、Warburg Pincus 和 Dragoneer 等投资者处收到至少 4.21 亿美元的股权投资应付票据。</blockquote></p><p> <b>Customer Acquisition</b></p><p><blockquote><b>客户获取</b></blockquote></p><p> The firm pursues client relationships with asset managers, insurance companies and large corporations via a direct sales and marketing force that is focused on the United States.</p><p><blockquote>该公司通过专注于美国的直销和营销团队，寻求与资产管理公司、保险公司和大公司的客户关系。</blockquote></p><p> CWAN also has international clients and will seek to expand its international presence post-IPO.</p><p><blockquote>CWAN 还拥有国际客户，并将在 IPO 后寻求扩大其国际业务。</blockquote></p><p> Clearwater handles data on over $5.6 trillion in assets between more than 1,000 clients.</p><p><blockquote>Clearwater 处理 1,000 多个客户超过 5.6 万亿美元资产的数据。</blockquote></p><p> Sales and Marketing expenses as a percentage of total revenue have varied as revenues have increased, as the figures below indicate:</p><p><blockquote>销售及市场推广开支占总收入的百分比随著收入增加而有所变动，如下图所示：</blockquote></p><p> <table>  <colgroup></colgroup>  <tbody>   <tr>    <td><b>Sales and Marketing</b></p><p><blockquote><table><colgroup></colgroup><tbody><tr><td><b>销售及市场推广</b></td></tr></tbody></table></blockquote></p><p></td>    <td><b>Expenses vs. Revenue</b></p><p><blockquote><td><b>费用与收入</b></td></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Percentage</p><p><blockquote><td>百分比</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>13.6%</p><p><blockquote><td>13.6%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>10.9%</p><p><blockquote><td>10.9%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2019</p><p><blockquote><tr><td>2019</td></tr></blockquote></p><p></td>    <td>11.4%</p><p><blockquote><td>11.4%</td></blockquote></p><p></td>   </tr>  </tbody> </table> The Sales and Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Sales and Marketing spend, dropped to 1.4x in the most recent reporting period, as shown in the table below:</p><p><blockquote>销售和营销效率率（定义为每1美元的销售和营销支出产生多少美元的额外新收入）在最近的报告期内下降至1.4倍，如下表所示：</blockquote></p><p> <table>  <colgroup></colgroup>  <tbody>   <tr>    <td><b>Sales and Marketing</b></p><p><blockquote><table><colgroup></colgroup><tbody><tr><td><b>销售及市场推广</b></td></tr></tbody></table></blockquote></p><p></td>    <td><b>Efficiency Rate</b></p><p><blockquote><td><b>效率率</b></td></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Multiple</p><p><blockquote><td>多个的</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>1.4</p><p><blockquote><td>1.4</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>1.6</p><p><blockquote><td>1.6</td></blockquote></p><p></td>   </tr>  </tbody> </table> The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory.</p><p><blockquote>40法则是软件行业的一条经验法则，即只要收入增长率和EBITDA百分比等于或超过40%，公司就处于可接受的增长/EBITDA轨迹上。</blockquote></p><p> CWAN’s most recent calculation was 41% during the six months ended June 30, 2021, so the firm has performed well in this regard, per the table below:</p><p><blockquote>CWAN 在截至 2021 年 6 月 30 日的六个月内的最新计算为 41%，因此该公司在这方面表现良好，如下表所示：</blockquote></p><p> <table>  <colgroup></colgroup>  <tbody>   <tr>    <td><b>Rule of 40</b></p><p><blockquote><table><colgroup></colgroup><tbody><tr><td><b>40法则</b></td></tr></tbody></table></blockquote></p><p></td>    <td><b>Calculation</b></p><p><blockquote><td><b>计算</b></td></blockquote></p><p></td>   </tr>   <tr>    <td>Recent Rev. Growth %</p><p><blockquote><tr><td>近期修订版增长率%</td></tr></blockquote></p><p></td>    <td>24%</p><p><blockquote><td>24%</td></blockquote></p><p></td>   </tr>   <tr>    <td>EBITDA %</p><p><blockquote><tr><td>息税折旧摊销前利润百分比</td></tr></blockquote></p><p></td>    <td>17%</p><p><blockquote><td>17%</td></blockquote></p><p></td>   </tr>   <tr>    <td>Total</p><p><blockquote><tr><td>总的</td></tr></blockquote></p><p></td>    <td>41%</p><p><blockquote><td>41%</td></blockquote></p><p></td>   </tr>  </tbody> </table> The firm’s dollar-based net revenue retention rate for June 30, 2021 was 109%, a reasonably good result.</p><p><blockquote>截至 2021 年 6 月 30 日，该公司按美元计算的净收入保留率为 109%，这是一个相当不错的结果。</blockquote></p><p> The dollar-based net revenue retention rate metric measures how much additional revenue is generated over time from each cohort of customers, so that a figure over 100% means that the company is generating more revenue from the same customer cohort over time, indicating good product/market fit and efficient sales and marketing efforts.</p><p><blockquote>基于美元的净收入保留率指标衡量随着时间的推移从每个客户群体中产生了多少额外收入，因此超过100%的数字意味着公司随着时间的推移从同一客户群体中产生了更多收入，表明良好的产品/市场契合度以及高效的销售和营销工作。</blockquote></p><p> <b>Market &amp; Competition</b></p><p><blockquote><b>市场与竞争</b></blockquote></p><p> According to a 2021 marketresearch reportby Market Primes, the global investment management software market was an estimated $3 billion in 2019 and is forecast to reach nearly $4.5 billion by 2025.</p><p><blockquote>根据Market Primes的2021年市场研究报告，2019年全球投资管理软件市场估计为30亿美元，预计到2025年将达到近45亿美元。</blockquote></p><p> This represents a forecast CAGR of 10.2% from 2019 to 2025.</p><p><blockquote>这意味着2019年至2025年的预测CAGR为10.2%。</blockquote></p><p> The main drivers for this expected growth are a desire by users to automate repetitive tasks so they can focus on maximizing portfolio performance and creating more sophisticated approaches.</p><p><blockquote>这种预期增长的主要驱动力是用户希望自动化重复性任务，以便他们可以专注于最大限度地提高投资组合绩效和创建更复杂的方法。</blockquote></p><p> Also, assessing risks and exposures and being able to efficiently report and share the information with stakeholders will drive demand for more capable solutions.</p><p><blockquote>此外，评估风险和暴露以及能够有效地报告和与利益相关者共享信息将推动对更强大解决方案的需求。</blockquote></p><p> Major competitive or other industry participants include:</p><p><blockquote>主要竞争或其他行业参与者包括：</blockquote></p><p> <ul>  <li>SS&amp;C</p><p><blockquote><ul><li>SSC</li></ul></blockquote></p><p></li>  <li>State Street</p><p><blockquote><li>道富街</li></blockquote></p><p></li>  <li>SAP</p><p><blockquote><li>树液</li></blockquote></p><p></li>  <li>BNY Mellon (Eagle)</p><p><blockquote><li>纽约梅隆银行（鹰）</li></blockquote></p><p></li>  <li>Simcorp</p><p><blockquote><li>模拟公司</li></blockquote></p><p></li>  <li>BlackRock</p><p><blockquote><li>贝莱德</li></blockquote></p><p></li>  <li>FIS</p><p><blockquote><li>菲斯</li></blockquote></p><p></li>  <li>Northern Trust</p><p><blockquote><li>北方信托</li></blockquote></p><p></li>  <li>Others</p><p><blockquote><li>其他</li></blockquote></p><p></li> </ul> <b>Financial Performance</b></p><p><blockquote><b>财务表现</b></blockquote></p><p> Clearwater’s recent financial results can be summarized as follows:</p><p><blockquote>Clearwater 近期的财务业绩可概括如下：</blockquote></p><p> <ul>  <li>Strong topline revenue growth</p><p><blockquote><ul><li>营收强劲增长</li></ul></blockquote></p><p></li>  <li>Increasing gross profit and gross margin</p><p><blockquote><li>增加毛利及毛利率</li></blockquote></p><p></li>  <li>A swing to operating profit and net profit</p><p><blockquote><li>营业利润和净利润波动</li></blockquote></p><p></p><p></li>  <li>Uneven cash used in operations</p><p><blockquote><li>经营所用现金不均</li></blockquote></p><p></li> </ul> Below are relevant financial results derived from the firm’s registration statement:</p><p><blockquote>以下是公司注册声明中的相关财务业绩：</blockquote></p><p> <table>  <colgroup></colgroup>  <tbody>   <tr>    <td><b>Total Revenue</b></p><p><blockquote><table><colgroup></colgroup><tbody><tr><td><b>总收入</b></td></tr></tbody></table></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Total Revenue</p><p><blockquote><td>总收入</td></blockquote></p><p></td>    <td>% Variance vs. Prior</p><p><blockquote><td>与先前相比的%方差</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>$ 117,770,000</p><p><blockquote><td>$117,770,000</td></blockquote></p><p></td>    <td>23.8%</p><p><blockquote><td>23.8%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>$ 203,222,000</p><p><blockquote><td>$203,222,000</td></blockquote></p><p></td>    <td>21.0%</p><p><blockquote><td>21.0%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2019</p><p><blockquote><tr><td>2019</td></tr></blockquote></p><p></td>    <td>$ 168,001,000</p><p><blockquote><td>$168,001,000</td></blockquote></p><p></td>   </tr>   <tr></tr>   <tr>    <td><b>Gross Profit (Loss)</b></p><p><blockquote><tr></tr><tr><td><b>毛利（亏损）</b></td></tr></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Gross Profit (Loss)</p><p><blockquote><td>毛利（亏损）</td></blockquote></p><p></td>    <td>% Variance vs. Prior</p><p><blockquote><td>与先前相比的%方差</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>$ 87,872,000</p><p><blockquote><td>$87,872,000</td></blockquote></p><p></td>    <td>28.8%</p><p><blockquote><td>28.8%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>$ 149,959,000</p><p><blockquote><td>$149,959,000</td></blockquote></p><p></td>    <td>24.1%</p><p><blockquote><td>24.1%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2019</p><p><blockquote><tr><td>2019</td></tr></blockquote></p><p></td>    <td>$ 120,856,000</p><p><blockquote><td>$120,856,000</td></blockquote></p><p></td>   </tr>   <tr></tr>   <tr>    <td><b>Gross Margin</b></p><p><blockquote><tr></tr><tr><td><b>毛利率</b></td></tr></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Gross Margin</p><p><blockquote><td>毛利率</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>74.61%</p><p><blockquote><td>74.61%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>73.79%</p><p><blockquote><td>73.79%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2019</p><p><blockquote><tr><td>2019</td></tr></blockquote></p><p></td>    <td>71.94%</p><p><blockquote><td>71.94%</td></blockquote></p><p></td>   </tr>   <tr></tr>   <tr>    <td><b>Operating Profit (Loss)</b></p><p><blockquote><tr></tr><tr><td><b>营业溢利（亏损）</b></td></tr></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Operating Profit (Loss)</p><p><blockquote><td>营业溢利（亏损）</td></blockquote></p><p></td>    <td>Operating Margin</p><p><blockquote><td>营业利润率</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>$ 20,544,000</p><p><blockquote><td>$20,544,000</td></blockquote></p><p></td>    <td>17.4%</p><p><blockquote><td>17.4%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>$ (20,418,000)</p><p><blockquote><td>$(20,418,000)</td></blockquote></p><p></td>    <td>-10.0%</p><p><blockquote><td>-10.0%</td></blockquote></p><p></td>   </tr>   <tr>    <td>2019</p><p><blockquote><tr><td>2019</td></tr></blockquote></p><p></td>    <td>$ 25,697,000</p><p><blockquote><td>$25,697,000</td></blockquote></p><p></td>    <td>15.3%</p><p><blockquote><td>15.3%</td></blockquote></p><p></td>   </tr>   <tr></tr>   <tr>    <td><b>Net Income (Loss)</b></p><p><blockquote><tr></tr><tr><td><b>净收入（亏损）</b></td></tr></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Net Income (Loss)</p><p><blockquote><td>净收入（亏损）</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>$ 3,200,000</p><p><blockquote><td>$3,200,000</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>$ (44,230,000)</p><p><blockquote><td>$(44,230,000)</td></blockquote></p><p></td>   </tr>   <tr>    <td>2019</p><p><blockquote><tr><td>2019</td></tr></blockquote></p><p></td>    <td>$ 7,732,000</p><p><blockquote><td>$7,732,000</td></blockquote></p><p></td>   </tr>   <tr></tr>   <tr>    <td><b>Cash Flow From Operations</b></p><p><blockquote><tr></tr><tr><td><b>经营现金流量</b></td></tr></blockquote></p><p></td>   </tr>   <tr>    <td>Period</p><p><blockquote><tr><td>周期</td></tr></blockquote></p><p></td>    <td>Cash Flow From Operations</p><p><blockquote><td>经营现金流量</td></blockquote></p><p></td>   </tr>   <tr>    <td>Six Mos. Ended June 30, 2021</p><p><blockquote><tr><td>六个月。截至2021年6月30日</td></tr></blockquote></p><p></td>    <td>$ (16,352,000)</p><p><blockquote><td>$(16,352,000)</td></blockquote></p><p></td>   </tr>   <tr>    <td>2020</p><p><blockquote><tr><td>2020</td></tr></blockquote></p><p></td>    <td>$ (6,486,000)</p><p><blockquote><td>$(6,486,000)</td></blockquote></p><p></td>   </tr>   <tr>    <td>2019</p><p><blockquote><tr><td>2019</td></tr></blockquote></p><p></td>    <td>$ (230,029,000)</p><p><blockquote><td>$(230,029,000)</td></blockquote></p><p></td>   </tr>  </tbody> </table> As of June 30, 2021, Clearwater had $41 million in cash and $450 million in total liabilities.</p><p><blockquote>截至2021年6月30日，Clearwater拥有4100万美元现金和4.5亿美元总负债。</blockquote></p><p> Free cash flow during the twelve months ended June 30, 2021, was negative ($38 million).</p><p><blockquote>截至2021年6月30日的12个月内，自由现金流为负（3800万美元）。</blockquote></p><p> Valuation Metrics</p><p><blockquote>估值指标</blockquote></p><p> Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p><p><blockquote>下表列出了该公司首次公开募股时的相关资本和估值指标，不包括承销商期权的影响：</blockquote></p><p> <table>  <colgroup></colgroup>  <tbody>   <tr>    <td><b>Measure [TTM]</b></p><p><blockquote><table><colgroup></colgroup><tbody><tr><td><b>测量[TTM]</b></td></tr></tbody></table></blockquote></p><p></td>    <td><b>Amount</b></p><p><blockquote><td><b>数量</b></td></blockquote></p><p></td>   </tr>   <tr>    <td>Market Capitalization at IPO</p><p><blockquote><tr><td>首次公开发售时的市值</td></tr></blockquote></p><p></td>    <td>$3,472,178,130</p><p><blockquote><td>$3,472,178,130</td></blockquote></p><p></td>   </tr>   <tr>    <td>Enterprise Value</p><p><blockquote><tr><td>企业价值</td></tr></blockquote></p><p></td>    <td>$3,470,109,130</p><p><blockquote><td>$3,470,109,130</td></blockquote></p><p></td>   </tr>   <tr>    <td>Price / Sales</p><p><blockquote><tr><td>价格/销售</td></tr></blockquote></p><p></td>    <td>15.37</p><p><blockquote><td>15.37</td></blockquote></p><p></td>   </tr>   <tr>    <td>EV / Revenue</p><p><blockquote><tr><td>电动汽车/收入</td></tr></blockquote></p><p></td>    <td>15.36</p><p><blockquote><td>15.36</td></blockquote></p><p></td>   </tr>   <tr>    <td>EV / EBITDA</p><p><blockquote><tr><td>首页 / EBITDA</td></tr></blockquote></p><p></td>    <td>-141.93</p><p><blockquote><td>-141.93</td></blockquote></p><p></td>   </tr>   <tr>    <td>Earnings Per Share</p><p><blockquote><tr><td>每股盈利</td></tr></blockquote></p><p></td>    <td>-$0.23</p><p><blockquote><td>-$0.23</td></blockquote></p><p></td>   </tr>   <tr>    <td>Float To Outstanding Shares Ratio</p><p><blockquote><tr><td>流通股与流通股比率</td></tr></blockquote></p><p></td>    <td>12.96%</p><p><blockquote><td>12.96%</td></blockquote></p><p></td>   </tr>   <tr>    <td>Proposed IPO Midpoint Price per Share</p><p><blockquote><tr><td>建议IPO每股中点价格</td></tr></blockquote></p><p></td>    <td>$15.00</p><p><blockquote><td>$15.00</td></blockquote></p><p></td>   </tr>   <tr>    <td>Net Free Cash Flow</p><p><blockquote><tr><td>净自由现金流量</td></tr></blockquote></p><p></td>    <td>-$38,024,000</p><p><blockquote><td>-$38,024,000</td></blockquote></p><p></td>   </tr>   <tr>    <td>Free Cash Flow Yield Per Share</p><p><blockquote><tr><td>每股自由现金流收益率</td></tr></blockquote></p><p></td>    <td>-1.10%</p><p><blockquote><td>-1.10%</td></blockquote></p><p></td>   </tr>   <tr>    <td>Revenue Growth Rate</p><p><blockquote><tr><td>收入增长率</td></tr></blockquote></p><p></td>    <td>23.83%</p><p><blockquote><td>23.83%</td></blockquote></p><p></td>   </tr>  </tbody> </table> <b>Commentary</b></p><p><blockquote><b>评论</b></blockquote></p><p> CWAN intends to go public to pay down debt and will have a net of $55 million in debt post-IPO.</p><p><blockquote>CWAN打算上市偿还债务，IPO后债务净额将达到5500万美元。</blockquote></p><p> The firm’s financials show strong topline revenue growth and gross profit growth and a rebound to operating profit and net income after negative results in 2020.</p><p><blockquote>该公司的财务数据显示，营收增长强劲，毛利润增长强劲，营业利润和净利润在 2020 年业绩不佳后有所反弹。</blockquote></p><p> Free cash flow for the twelve months ended June 30, 2021, was a decidedly unimpressive negative ($38 million).</p><p><blockquote>截至 2021 年 6 月 30 日的 12 个月的自由现金流明显为负值（3800 万美元）。</blockquote></p><p> Sales and Marketing expenses as a percentage of total revenue have varied as revenue has increased; its Sales and Marketing efficiency rate dropped slightly to 1.4x in the most recent six-month period.</p><p><blockquote>销售及营销开支占总收入的百分比随收入增加而变化；最近六个月，其销售和营销效率略有下降至 1.4 倍。</blockquote></p><p> CWAN's dollar-based net retention rate was 109% for June 30, 2021, a positive result and its Rule of 40 performance was good as well.</p><p><blockquote>截至2021年6月30日，CWAN的美元净保留率为109%，这是一个积极的结果，其40规则表现也很好。</blockquote></p><p> The market opportunity for selling investment management software is large and expected to grow substantially in the years ahead, but the firm has extensive competition.</p><p><blockquote>销售投资管理软件的市场机会很大，预计在未来几年将大幅增长，但该公司面临着激烈的竞争。</blockquote></p><p></p><p> Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 40.5% since their IPO. This is a middle-tier performance for all major underwriters during the period.</p><p><blockquote>高盛是主承销商，该公司在过去 12 个月内牵头的 IPO 自 IPO 以来的平均回报率为 40.5%。这是期内所有主要承销商的中等表现。</blockquote></p><p> The primary risk to the company’s outlook is the degree of competition and specialization present in various submarkets in which it competes, as well as the ability for some larger prospects to develop solutions in-house.</p><p><blockquote>公司前景面临的主要风险是其所竞争的各个子市场的竞争程度和专业化程度，以及一些较大的潜在客户在内部开发解决方案的能力。</blockquote></p><p> As for valuation, compared to competitor Simcorp, the CWAN IPO is much more highly priced on a revenue multiple basis. In my view, this is justified as the firm is growing revenue at a significantly higher rate of growth.</p><p><blockquote>至于估值，与竞争对手 Simcorp 相比，CWAN IPO 的收入倍数定价要高得多。在我看来，这是合理的，因为该公司的收入增长率明显更高。</blockquote></p><p> After a difficult period during 2020 where the firm produced operating losses, 2021 has seen a return to operating and net profits with impressive growth as well.</p><p><blockquote>在经历了 2020 年出现运营亏损的困难时期后，2021 年运营利润和净利润也出现了令人印象深刻的增长。</blockquote></p><p> Given CWAN’s growth trajectory and the investment management software industry’s strong growth potential in the years ahead, the IPO is worth a close look.</p><p><blockquote>鉴于 CWAN 的增长轨迹和投资管理软件行业未来几年的强劲增长潜力，此次 IPO 值得密切关注。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CWAN":"Clearwater Analytics Holdings, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114004721","content_text":"(Sept 24) Clearwater Analytics Holdings, Inc. opens for trading at $23.8, up about 32% from IPO price.\n\nCompany & Technology\nBoise, Idaho-based Clearwater was founded to develop a SaaS platform to simplify investment accounting and analysis for asset managers, insurance companies and large corporations.\nManagement is headed by Chief Executive Officer Sandeep Sahai, who has been with the firm since September 2016 and was previously CEO of Solmark, an investment partnership.\nThe company’s primary offerings include:\n\nInvestment accounting and reporting\nPerformance measurement\nCompliance monitoring\nRisk analysis\n\nClearwater has received at least $421 million in notes payable in equity investment from investors including Welsh Carson, Permira, Warburg Pincus and Dragoneer.\nCustomer Acquisition\nThe firm pursues client relationships with asset managers, insurance companies and large corporations via a direct sales and marketing force that is focused on the United States.\nCWAN also has international clients and will seek to expand its international presence post-IPO.\nClearwater handles data on over $5.6 trillion in assets between more than 1,000 clients.\nSales and Marketing expenses as a percentage of total revenue have varied as revenues have increased, as the figures below indicate:\n\n\n\n\nSales and Marketing\nExpenses vs. Revenue\n\n\nPeriod\nPercentage\n\n\nSix Mos. Ended June 30, 2021\n13.6%\n\n\n2020\n10.9%\n\n\n2019\n11.4%\n\n\n\nThe Sales and Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Sales and Marketing spend, dropped to 1.4x in the most recent reporting period, as shown in the table below:\n\n\n\n\nSales and Marketing\nEfficiency Rate\n\n\nPeriod\nMultiple\n\n\nSix Mos. Ended June 30, 2021\n1.4\n\n\n2020\n1.6\n\n\n\nThe Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory.\nCWAN’s most recent calculation was 41% during the six months ended June 30, 2021, so the firm has performed well in this regard, per the table below:\n\n\n\n\nRule of 40\nCalculation\n\n\nRecent Rev. Growth %\n24%\n\n\nEBITDA %\n17%\n\n\nTotal\n41%\n\n\n\nThe firm’s dollar-based net revenue retention rate for June 30, 2021 was 109%, a reasonably good result.\nThe dollar-based net revenue retention rate metric measures how much additional revenue is generated over time from each cohort of customers, so that a figure over 100% means that the company is generating more revenue from the same customer cohort over time, indicating good product/market fit and efficient sales and marketing efforts.\nMarket & Competition\nAccording to a 2021 marketresearch reportby Market Primes, the global investment management software market was an estimated $3 billion in 2019 and is forecast to reach nearly $4.5 billion by 2025.\nThis represents a forecast CAGR of 10.2% from 2019 to 2025.\nThe main drivers for this expected growth are a desire by users to automate repetitive tasks so they can focus on maximizing portfolio performance and creating more sophisticated approaches.\nAlso, assessing risks and exposures and being able to efficiently report and share the information with stakeholders will drive demand for more capable solutions.\nMajor competitive or other industry participants include:\n\nSS&C\nState Street\nSAP\nBNY Mellon (Eagle)\nSimcorp\nBlackRock\nFIS\nNorthern Trust\nOthers\n\nFinancial Performance\nClearwater’s recent financial results can be summarized as follows:\n\nStrong topline revenue growth\nIncreasing gross profit and gross margin\nA swing to operating profit and net profit\nUneven cash used in operations\n\nBelow are relevant financial results derived from the firm’s registration statement:\n\n\n\n\nTotal Revenue\n\n\nPeriod\nTotal Revenue\n% Variance vs. Prior\n\n\nSix Mos. Ended June 30, 2021\n$ 117,770,000\n23.8%\n\n\n2020\n$ 203,222,000\n21.0%\n\n\n2019\n$ 168,001,000\n\n\n\nGross Profit (Loss)\n\n\nPeriod\nGross Profit (Loss)\n% Variance vs. Prior\n\n\nSix Mos. Ended June 30, 2021\n$ 87,872,000\n28.8%\n\n\n2020\n$ 149,959,000\n24.1%\n\n\n2019\n$ 120,856,000\n\n\n\nGross Margin\n\n\nPeriod\nGross Margin\n\n\nSix Mos. Ended June 30, 2021\n74.61%\n\n\n2020\n73.79%\n\n\n2019\n71.94%\n\n\n\nOperating Profit (Loss)\n\n\nPeriod\nOperating Profit (Loss)\nOperating Margin\n\n\nSix Mos. Ended June 30, 2021\n$ 20,544,000\n17.4%\n\n\n2020\n$ (20,418,000)\n-10.0%\n\n\n2019\n$ 25,697,000\n15.3%\n\n\n\nNet Income (Loss)\n\n\nPeriod\nNet Income (Loss)\n\n\nSix Mos. Ended June 30, 2021\n$ 3,200,000\n\n\n2020\n$ (44,230,000)\n\n\n2019\n$ 7,732,000\n\n\n\nCash Flow From Operations\n\n\nPeriod\nCash Flow From Operations\n\n\nSix Mos. Ended June 30, 2021\n$ (16,352,000)\n\n\n2020\n$ (6,486,000)\n\n\n2019\n$ (230,029,000)\n\n\n\nAs of June 30, 2021, Clearwater had $41 million in cash and $450 million in total liabilities.\nFree cash flow during the twelve months ended June 30, 2021, was negative ($38 million).\nValuation Metrics\nBelow is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:\n\n\n\n\nMeasure [TTM]\nAmount\n\n\nMarket Capitalization at IPO\n$3,472,178,130\n\n\nEnterprise Value\n$3,470,109,130\n\n\nPrice / Sales\n15.37\n\n\nEV / Revenue\n15.36\n\n\nEV / EBITDA\n-141.93\n\n\nEarnings Per Share\n-$0.23\n\n\nFloat To Outstanding Shares Ratio\n12.96%\n\n\nProposed IPO Midpoint Price per Share\n$15.00\n\n\nNet Free Cash Flow\n-$38,024,000\n\n\nFree Cash Flow Yield Per Share\n-1.10%\n\n\nRevenue Growth Rate\n23.83%\n\n\n\nCommentary\nCWAN intends to go public to pay down debt and will have a net of $55 million in debt post-IPO.\nThe firm’s financials show strong topline revenue growth and gross profit growth and a rebound to operating profit and net income after negative results in 2020.\nFree cash flow for the twelve months ended June 30, 2021, was a decidedly unimpressive negative ($38 million).\nSales and Marketing expenses as a percentage of total revenue have varied as revenue has increased; its Sales and Marketing efficiency rate dropped slightly to 1.4x in the most recent six-month period.\nCWAN's dollar-based net retention rate was 109% for June 30, 2021, a positive result and its Rule of 40 performance was good as well.\nThe market opportunity for selling investment management software is large and expected to grow substantially in the years ahead, but the firm has extensive competition.\nGoldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 40.5% since their IPO. This is a middle-tier performance for all major underwriters during the period.\nThe primary risk to the company’s outlook is the degree of competition and specialization present in various submarkets in which it competes, as well as the ability for some larger prospects to develop solutions in-house.\nAs for valuation, compared to competitor Simcorp, the CWAN IPO is much more highly priced on a revenue multiple basis. In my view, this is justified as the firm is growing revenue at a significantly higher rate of growth.\nAfter a difficult period during 2020 where the firm produced operating losses, 2021 has seen a return to operating and net profits with impressive growth as well.\nGiven CWAN’s growth trajectory and the investment management software industry’s strong growth potential in the years ahead, the IPO is worth a close look.","news_type":1,"symbols_score_info":{"CWAN":0.9}},"isVote":1,"tweetType":1,"viewCount":711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}