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2021-08-04

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2021-07-12

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2021-08-04

Good

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2021-07-30

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2021-07-19

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Peloton shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session<blockquote>Peloton 股价走高，因为对 COVID-19 的新担忧提振了一些居家公司的股价</blockquote>

2021-07-14

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2021-08-02

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Videogames entered the mainstream in the pandemic, but the industry faces a rough transition<blockquote>视频游戏在疫情中进入主流，但该行业面临着艰难的转型</blockquote>

2021-08-02

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2021-07-31

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2021-08-04

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one","listText":"Good one","text":"Good one","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/864401655","isVote":1,"tweetType":1,"viewCount":3691,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":815505058,"gmtCreate":1630685344174,"gmtModify":1631884136372,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"themes":[],"title":"","htmlText":"On Wednesday, the OPEC + meeting will be held soon, with the theme of discussing the increase of crude oil production. 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The deal values Afterpay at about $29 billion, a roughly 30% premium to its closing price on Friday.</p><p><blockquote><h2><b>那又怎样</b></h2>Afterpay是全球超过1600万消费者和近100,000家商家使用的“先买后付”服务提供商。该交易对 Afterpay 的估值约为 290 亿美元，比周五收盘价溢价约 30%。</blockquote></p><p> The transaction is expected to close in the first quarter of 2022, pending regulatory and shareholder approval.</p><p><blockquote>该交易预计将于 2022 年第一季度完成，等待监管部门和股东批准。</blockquote></p><p> \"Square and Afterpay have a shared purpose,\" Square CEO Jack Dorsey said in a press release. \"We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.\"</p><p><blockquote>Square 首席执行官杰克·多西 (Jack Dorsey) 在一份新闻稿中表示：“Square 和 Afterpay 有着共同的目标。”“我们建立业务是为了让金融体系更加公平、便捷和包容，Afterpay 已经建立了一个符合这些原则的值得信赖的品牌。”</blockquote></p><p> <h2><b>Now what</b></h2> Square says Afterpay could help to tie its seller and Cash App businesses closer together. Square wants to roll out Afterpay's installment services to even its smallest merchant customers, while also giving Afterpay's consumers the option to make payments directly in Cash App.</p><p><blockquote><h2><b>现在呢</b></h2>Square 表示，Afterpay 可以帮助将其卖家和现金应用业务更加紧密地联系在一起。Square 希望将 Afterpay 的分期付款服务推广给最小的商户客户，同时也为 Afterpay 的消费者提供直接在 Cash App 中付款的选择。</blockquote></p><p> Installment payments have proved popular during the pandemic, particularly among younger shoppers. Merchants, in turn, see offering these payment options as a way to boost sales.</p><p><blockquote>事实证明，分期付款在疫情期间很受欢迎，尤其是在年轻购物者中。反过来，商家将提供这些支付选项视为促进销售的一种方式。</blockquote></p><p> Square's seller and Cash App platforms are already thriving. The company released its second-quarter results alongside its acquisition announcement. Gross profit in Square's seller and Cash App segments surged 85% and 94%, respectively, to $585 million and $546 million. That helped Square's net income improve to $204 million, compared to a loss of $11 million in the year-ago quarter.</p><p><blockquote>Square 的卖家和现金应用平台已经蓬勃发展。该公司在宣布收购的同时发布了第二季度业绩。Square 卖家和现金应用部门的毛利润分别飙升 85% 和 94%，达到 5.85 亿美元和 5.46 亿美元。这帮助 Square 的净利润提高到 2.04 亿美元，而去年同期亏损 1100 万美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Square Stock Soared Today<blockquote>这就是 Square 股价今天飙升的原因</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Square Stock Soared Today<blockquote>这就是 Square 股价今天飙升的原因</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Motley Fool</strong><span class=\"h-time small\">2021-08-03 11:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p><h2><b>What happened</b></h2> Shares of&nbsp;<b><a href=\"https://laohu8.com/S/SQ\">Square</a></b> jumped 10% on Monday, after thefintechgiant struck a deal to acquire Australian installment payments leader&nbsp;<b><a href=\"https://laohu8.com/S/AFTPF\">Afterpay Ltd.</a></b>.</p><p><blockquote><h2><b>发生了什么事</b></h2>股份<b><a href=\"https://laohu8.com/S/SQ\">平方</a></b>这家金融科技巨头达成协议收购澳大利亚分期付款领导者后，周一股价上涨 10%<b><a href=\"https://laohu8.com/S/AFTPF\">后付费有限公司</a></b>.</blockquote></p><p> <h2><b>So what</b></h2> Afterpay is a leading provider of \"buy now, pay later\" services used by over 16 million consumers and nearly 100,000 merchants worldwide. The deal values Afterpay at about $29 billion, a roughly 30% premium to its closing price on Friday.</p><p><blockquote><h2><b>那又怎样</b></h2>Afterpay是全球超过1600万消费者和近100,000家商家使用的“先买后付”服务提供商。该交易对 Afterpay 的估值约为 290 亿美元，比周五收盘价溢价约 30%。</blockquote></p><p> The transaction is expected to close in the first quarter of 2022, pending regulatory and shareholder approval.</p><p><blockquote>该交易预计将于 2022 年第一季度完成，等待监管部门和股东批准。</blockquote></p><p> \"Square and Afterpay have a shared purpose,\" Square CEO Jack Dorsey said in a press release. \"We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.\"</p><p><blockquote>Square 首席执行官杰克·多西 (Jack Dorsey) 在一份新闻稿中表示：“Square 和 Afterpay 有着共同的目标。”“我们建立业务是为了让金融体系更加公平、便捷和包容，Afterpay 已经建立了一个符合这些原则的值得信赖的品牌。”</blockquote></p><p> <h2><b>Now what</b></h2> Square says Afterpay could help to tie its seller and Cash App businesses closer together. Square wants to roll out Afterpay's installment services to even its smallest merchant customers, while also giving Afterpay's consumers the option to make payments directly in Cash App.</p><p><blockquote><h2><b>现在呢</b></h2>Square 表示，Afterpay 可以帮助将其卖家和现金应用业务更加紧密地联系在一起。Square 希望将 Afterpay 的分期付款服务推广给最小的商户客户，同时也为 Afterpay 的消费者提供直接在 Cash App 中付款的选择。</blockquote></p><p> Installment payments have proved popular during the pandemic, particularly among younger shoppers. Merchants, in turn, see offering these payment options as a way to boost sales.</p><p><blockquote>事实证明，分期付款在疫情期间很受欢迎，尤其是在年轻购物者中。反过来，商家将提供这些支付选项视为促进销售的一种方式。</blockquote></p><p> Square's seller and Cash App platforms are already thriving. The company released its second-quarter results alongside its acquisition announcement. Gross profit in Square's seller and Cash App segments surged 85% and 94%, respectively, to $585 million and $546 million. That helped Square's net income improve to $204 million, compared to a loss of $11 million in the year-ago quarter.</p><p><blockquote>Square 的卖家和现金应用平台已经蓬勃发展。该公司在宣布收购的同时发布了第二季度业绩。Square 卖家和现金应用部门的毛利润分别飙升 85% 和 94%，达到 5.85 亿美元和 5.46 亿美元。这帮助 Square 的净利润提高到 2.04 亿美元，而去年同期亏损 1100 万美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/08/02/heres-why-square-stock-soared-today/\">The 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":{},"source_url":"https://www.fool.com/investing/2021/08/02/heres-why-square-stock-soared-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122028715","content_text":"What happened\nShares of Square jumped 10% on Monday, after thefintechgiant struck a deal to acquire Australian installment payments leader Afterpay Ltd..\nSo what\nAfterpay is a leading provider of \"buy now, pay later\" services used by over 16 million consumers and nearly 100,000 merchants worldwide. The deal values Afterpay at about $29 billion, a roughly 30% premium to its closing price on Friday.\nThe transaction is expected to close in the first quarter of 2022, pending regulatory and shareholder approval.\n\"Square and Afterpay have a shared purpose,\" Square CEO Jack Dorsey said in a press release. \"We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.\"\nNow what\nSquare says Afterpay could help to tie its seller and Cash App businesses closer together. Square wants to roll out Afterpay's installment services to even its smallest merchant customers, while also giving Afterpay's consumers the option to make payments directly in Cash App.\nInstallment payments have proved popular during the pandemic, particularly among younger shoppers. Merchants, in turn, see offering these payment options as a way to boost sales.\nSquare's seller and Cash App platforms are already thriving. The company released its second-quarter results alongside its acquisition announcement. Gross profit in Square's seller and Cash App segments surged 85% and 94%, respectively, to $585 million and $546 million. That helped Square's net income improve to $204 million, compared to a loss of $11 million in the year-ago quarter.","news_type":1,"symbols_score_info":{"SQ":0.9,"AFTPF":0.9}},"isVote":1,"tweetType":1,"viewCount":2298,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805782731,"gmtCreate":1627907241423,"gmtModify":1633755425833,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"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/805782731","repostId":"1180355533","repostType":4,"isVote":1,"tweetType":1,"viewCount":1555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805870139,"gmtCreate":1627872437021,"gmtModify":1633755729774,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805870139","repostId":"2156164154","repostType":4,"repost":{"id":"2156164154","kind":"highlight","pubTimestamp":1627871495,"share":"https://www.laohunote.com/m/news/2156164154?lang=zh_CN&edition=full","pubTime":"2021-08-02 10:31","market":"us","language":"en","title":"Videogames entered the mainstream in the pandemic, but the industry faces a rough transition<blockquote>视频游戏在疫情中进入主流，但该行业面临着艰难的转型</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2156164154","media":"MarketWatch","summary":"Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a se","content":"<p>Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a sector that changed from a fun diversion to a gigantic industry during COVID-19 pandemic</p><p><blockquote>盈利观察：动视员工的反抗是该行业潜在艰难的成熟过程的一部分，该行业在 COVID-19 大流行期间从有趣的转移转变为巨大的产业</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26babe49763edc28e181f6b377b8e476\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"><span>MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>MARKETWATCH 照片插图/ISTOCKPHOTO</span></p></blockquote></p><p> For decades, Wall Street has viewed videogames like most Americans: A fun little diversion from everyday life, but not something to take too seriously.</p><p><blockquote>几十年来，华尔街和大多数美国人一样看待电子游戏：一种有趣的日常生活消遣，但不必太认真。</blockquote></p><p> The dynamic has been changing for years, and flipped permanently during the COVID-19 pandemic, which saw the videogame industry go far beyond just overtaking Hollywood in revenue and importance to the market -- depend on gamers for big revenue.</p><p><blockquote>这种动态多年来一直在发生变化，并在 COVID-19 大流行期间发生了永久性的逆转，视频游戏行业在收入和市场重要性方面远远超越了好莱坞，而是依靠游戏玩家获得巨额收入。</blockquote></p><p> With greater relevance comes greater scrutiny. Videogame studios have sometimes operated like the fun little diversions in product development, forming small groups willing to fail spectacularly in search of a big hit, while paying little and supervising employees even less. Those issues came to light again when the state of California recently sued Activision Blizzard, portraying a toxic workplace culture , French company Ubisoft Entertainment SA .</p><p><blockquote>相关性越大，审查就越多。视频游戏工作室有时会像产品开发中有趣的小消遣一样运作，形成小团体，愿意在寻找大受欢迎的过程中惨败，同时支付很少，对员工的监督更少。当加利福尼亚州最近起诉法国公司育碧娱乐公司（Ubisoft Entertainment SA）描绘有毒的工作场所文化时，这些问题再次暴露出来。</blockquote></p><p> Employees are not alone in seeking a change in practices in the videogame industry. MarketWatch readers may remember that Activision already faced a revolt from shareholders as well this year . Activision investors sent its stock to its worst week in more than a year amid the most recent controversy, down 8.6%, and shares are now down nearly 10% on the year despite strong growth.</p><p><blockquote>员工并不是唯一在寻求视频游戏行业改变做法的人。MarketWatch 读者可能还记得，动视今年也面临着股东的反抗。在最近的争议中，动视投资者将其股价推至一年多来最糟糕的一周，下跌了 8.6%，尽管增长强劲，但股价今年仍下跌了近 10%。</blockquote></p><p> Expectations for upcoming earnings reports show that Wall Street, like employees, are expecting these companies to show greater maturity. While the boom in videogames during the pandemic has brought new investors and attention, the companies are expected to struggle to show gains from last year as they lap the beginning of the COVID-19 pandemic.</p><p><blockquote>对即将发布的收益报告的预期表明，华尔街和员工一样，期待这些公司表现出更大的成熟度。虽然疫情期间视频游戏的繁荣带来了新的投资者和关注，但随着新冠肺炎疫情的开始，这些公司预计将难以实现去年的收益。</blockquote></p><p> While Cowen analyst Doug Creutz doesn't expect a major downturn in the third quarter, he cautioned in a recent note that investors \"may see some softening\" after a second quarter of beats, but believes fundamentals are strong \"with 2020's growth spurt due to shelter-in-place not appearing to reverse despite increasing levels of vaccination.\"</p><p><blockquote>虽然 Cowen 分析师 Doug Creutz 预计第三季度不会出现重大下滑，但他在最近的一份报告中警告说，在第二季度表现强劲后，投资者“可能会看到一些疲软”，但他认为基本面强劲，“由于 2020 年的增长激增”尽管疫苗接种水平不断提高，但就地避难所似乎并没有逆转。”</blockquote></p><p> Analysts also see the same problem that many gamers voice: The industry doesn't seem to be heading anywhere new and exciting, with sequels and retreads lining the release calendar, and potential next-generation technology such as augmented- and virtual-reality and streaming not looking strong enough yet to support a strong \"secular thesis,\" Creutz wrote.</p><p><blockquote>分析师也看到了许多游戏玩家所表达的同样的问题：该行业似乎并没有走向任何新的和令人兴奋的地方，续集和翻新版本排在发布日历上，增强和虚拟现实等潜在的下一代技术和流媒体看起来还不够强大克鲁茨写道，还不足以支持一个强大的“世俗论点”。</blockquote></p><p> VR, AR and other new technologies \"are good businesses, with above-GDP growth prospects for the foreseeable future (assuming competent execution), but we believe there is no shiny overarching thesis to bring new money in,\" Creutz said.</p><p><blockquote>Creutz 表示，VR、AR 和其他新技术“是很好的业务，在可预见的未来（假设执行得力）具有高于 GDP 的增长前景，但我们相信没有引入新资金的闪亮总体论点”。</blockquote></p><p> Creutz has outperform ratings on Take-<a href=\"https://laohu8.com/S/TWOA.U\">Two</a>, EA, and Zygna <a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>, but a market perform rating on Activision. All four of those companies will report earnings this week -- Take-<a href=\"https://laohu8.com/S/TWOA\">Two</a> on Monday, Activision on Tuesday, EA on Wednesday and Zynga on Thursday. Look for signs that the growth in videogames may slacken in the months ahead, and the companies themselves may be looking to change.</p><p><blockquote>Creutz 的评级跑赢大盘-<a href=\"https://laohu8.com/S/TWOA.U\">二</a>、EA和Zygna<a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>，但对动视暴雪的市场表现评级。这四家公司都将于本周公布财报——<a href=\"https://laohu8.com/S/TWOA\">二</a>周一，动视周二，艺电周三，Zynga周四。寻找视频游戏增长可能在未来几个月放缓的迹象，公司本身可能正在寻求改变。</blockquote></p><p> \"Ultimately, we think commentary about trends the companies are seeing in Q3 will be the most important factor during reporting season, with the potential to reassure investors that the gains in engagement and monetization made during the pandemic are in fact quite sticky,\" Creutz wrote.</p><p><blockquote>“最终，我们认为对公司在第三季度看到的趋势的评论将是报告季最重要的因素，有可能让投资者放心，大流行期间的参与度和货币化收益实际上相当粘性，”克罗茨写道。</blockquote></p><p> The numbers to watch</p><p><blockquote>值得关注的数字</blockquote></p><p></p><p> <ul>  <li><b>COVID-19 vaccine sales</b>. Moderna Inc.MRNAreports earnings on Thursday for the first time sincejoining the S&amp;P 500 indexSPX,and all eyes will be on the company’s sales of its COVID-19 vaccine. Pfizer Inc.PFEreported roughly $8 billion in vaccine sales, putting it on pace to approach $34 billion in annual sales. Pfizer confirmed plans to seek U.S. approval for a booster shot while confirming a higher per-shot price in a recent deal with the U.S., from $19.50 to $24, according to Mizuho Securities analysts. Investors, who have pushed Moderna shares up more than 377% in the past year, will be looking for similar information from executives.</li> </ul> <ul>  <li><b>Ride-hailing recovery.</b>Uber Technologies Inc.UBERand Lyft Inc.LYFTreport results this week, and both ride-hailing companies are trading lower than the prices commanded during their 2019 initial public offerings. The companies have been struggling to get drivers back in their cars while struggling to properly incorporate new pay practices in California. Investors will be looking for signs that some of the pandemic-related issues in ride-hailing are easing, while looking carefully at Uber’s expensive attempts to boost its other businesses.</li> </ul> The call to put on your calendar</p><p><blockquote><ul><li><b>新冠肺炎疫苗销售</b>. Moderna Inc.MRNA 将于周四公布自加入标普500指数 SPX 以来的首次财报，所有人的目光都将集中在该公司 COVID-19 疫苗的销售上。辉瑞公司报告的疫苗销售额约为 80 亿美元，年销售额有望接近 340 亿美元。瑞穗证券分析师表示，辉瑞确认计划寻求美国批准加强注射，同时确认在最近与美国达成的协议中提高每针注射的价格，从19.50美元提高到24美元。过去一年推动 Moderna 股价上涨超过 377% 的投资者将向高管寻求类似的信息。</li></ul><ul><li><b>网约车复苏。</b>Uber Technologies Inc. Uber 和Lyft公司 Lyf 本周公布了业绩，两家网约车公司的交易价格均低于 2019 年首次公开募股时的价格。这些公司一直在努力让司机回到他们的车里，同时努力在加州适当地纳入新的薪酬做法。投资者将寻找网约车行业一些与大流行病相关的问题正在缓解的迹象，同时仔细研究 Uber 为促进其他业务所做的昂贵努力。</li></ul>放在日历上的看涨期权</blockquote></p><p> <ul>  <li><b>Alibaba Group Holding LTD.</b>BABAAmid questions about the future of Chinese stocks listed on U.S. exchanges, the biggest of that group will report earnings Tuesday morning. Alibaba stock plunged 13.9% in July, its worst monthly performance in more than two years, even though analysts such as Raymond James’s Aaron Kessler say, “We believe most of these new regulations do not impact Alibaba.” Expect executives on the call Tuesday to address those concerns, while playing up the company’s quarterly performance, which included the 6/18 shopping event in China.</li> </ul> This week in earnings</p><p><blockquote><ul><li><b>阿里巴巴-SW集团控股有限公司</b>Babaam 对在美国交易所上市的中国股票的未来提出疑问，该集团中最大的一家将于周二上午公布财报。尽管 Raymond James 的 Aaron Kessler 等分析师表示，“我们认为这些新规大多不会影响阿里巴巴-SW”，但阿里巴巴-SW股价 7 月份暴跌 13.9%，创下两年多来最差的月度表现。预计周二在看涨期权上的高管们将解决这些担忧，同时渲染公司的季度业绩，其中包括 6/18 在华购物活动。</li></ul>本周收益</blockquote></p><p> Roughly 148 S&amp;P 500 companies are expected to report this week, according to FactSet, while only one Dow Jones Industrial AverageDJIAcomponent is on the calendar, Amgen Inc.&nbsp;Non Tuesday. The calendar is stacked with companies not in the major indexes, though, including Alibaba and Lyft on Tuesday, Uber on Wednesday, Beyond Meat Inc.&nbsp;Dand fresh spin-off Vimeo Inc.&nbsp;on Thursday, and DraftKings Inc.DKNGon Friday.</p><p><blockquote>根据 FactSet 的数据，预计本周将有约 148 家标普500公司发布财报，而只有一家道琼斯工业平均指数 (Dow Jones Industrial AveragedDJIA Component) 在日历上，安进公司 (Amgen Inc.) 不会在周二发布财报。不过，日历上堆满了不在主要指数中的公司，包括周二的阿里巴巴-SW和Lyft、周三的 Uber、周四的Beyond Meat和新分拆公司 Vimeo Inc.，以及周五的 DraftKings Inc.DKNG。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Videogames entered the mainstream in the pandemic, but the industry faces a rough transition<blockquote>视频游戏在疫情中进入主流，但该行业面临着艰难的转型</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\">\nVideogames entered the mainstream in the pandemic, but the industry faces a rough transition<blockquote>视频游戏在疫情中进入主流，但该行业面临着艰难的转型</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-02 10:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a sector that changed from a fun diversion to a gigantic industry during COVID-19 pandemic</p><p><blockquote>盈利观察：动视员工的反抗是该行业潜在艰难的成熟过程的一部分，该行业在 COVID-19 大流行期间从有趣的转移转变为巨大的产业</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26babe49763edc28e181f6b377b8e476\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"><span>MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>MARKETWATCH 照片插图/ISTOCKPHOTO</span></p></blockquote></p><p> For decades, Wall Street has viewed videogames like most Americans: A fun little diversion from everyday life, but not something to take too seriously.</p><p><blockquote>几十年来，华尔街和大多数美国人一样看待电子游戏：一种有趣的日常生活消遣，但不必太认真。</blockquote></p><p> The dynamic has been changing for years, and flipped permanently during the COVID-19 pandemic, which saw the videogame industry go far beyond just overtaking Hollywood in revenue and importance to the market -- depend on gamers for big revenue.</p><p><blockquote>这种动态多年来一直在发生变化，并在 COVID-19 大流行期间发生了永久性的逆转，视频游戏行业在收入和市场重要性方面远远超越了好莱坞，而是依靠游戏玩家获得巨额收入。</blockquote></p><p> With greater relevance comes greater scrutiny. Videogame studios have sometimes operated like the fun little diversions in product development, forming small groups willing to fail spectacularly in search of a big hit, while paying little and supervising employees even less. Those issues came to light again when the state of California recently sued Activision Blizzard, portraying a toxic workplace culture , French company Ubisoft Entertainment SA .</p><p><blockquote>相关性越大，审查就越多。视频游戏工作室有时会像产品开发中有趣的小消遣一样运作，形成小团体，愿意在寻找大受欢迎的过程中惨败，同时支付很少，对员工的监督更少。当加利福尼亚州最近起诉法国公司育碧娱乐公司（Ubisoft Entertainment SA）描绘有毒的工作场所文化时，这些问题再次暴露出来。</blockquote></p><p> Employees are not alone in seeking a change in practices in the videogame industry. MarketWatch readers may remember that Activision already faced a revolt from shareholders as well this year . Activision investors sent its stock to its worst week in more than a year amid the most recent controversy, down 8.6%, and shares are now down nearly 10% on the year despite strong growth.</p><p><blockquote>员工并不是唯一在寻求视频游戏行业改变做法的人。MarketWatch 读者可能还记得，动视今年也面临着股东的反抗。在最近的争议中，动视投资者将其股价推至一年多来最糟糕的一周，下跌了 8.6%，尽管增长强劲，但股价今年仍下跌了近 10%。</blockquote></p><p> Expectations for upcoming earnings reports show that Wall Street, like employees, are expecting these companies to show greater maturity. While the boom in videogames during the pandemic has brought new investors and attention, the companies are expected to struggle to show gains from last year as they lap the beginning of the COVID-19 pandemic.</p><p><blockquote>对即将发布的收益报告的预期表明，华尔街和员工一样，期待这些公司表现出更大的成熟度。虽然疫情期间视频游戏的繁荣带来了新的投资者和关注，但随着新冠肺炎疫情的开始，这些公司预计将难以实现去年的收益。</blockquote></p><p> While Cowen analyst Doug Creutz doesn't expect a major downturn in the third quarter, he cautioned in a recent note that investors \"may see some softening\" after a second quarter of beats, but believes fundamentals are strong \"with 2020's growth spurt due to shelter-in-place not appearing to reverse despite increasing levels of vaccination.\"</p><p><blockquote>虽然 Cowen 分析师 Doug Creutz 预计第三季度不会出现重大下滑，但他在最近的一份报告中警告说，在第二季度表现强劲后，投资者“可能会看到一些疲软”，但他认为基本面强劲，“由于 2020 年的增长激增”尽管疫苗接种水平不断提高，但就地避难所似乎并没有逆转。”</blockquote></p><p> Analysts also see the same problem that many gamers voice: The industry doesn't seem to be heading anywhere new and exciting, with sequels and retreads lining the release calendar, and potential next-generation technology such as augmented- and virtual-reality and streaming not looking strong enough yet to support a strong \"secular thesis,\" Creutz wrote.</p><p><blockquote>分析师也看到了许多游戏玩家所表达的同样的问题：该行业似乎并没有走向任何新的和令人兴奋的地方，续集和翻新版本排在发布日历上，增强和虚拟现实等潜在的下一代技术和流媒体看起来还不够强大克鲁茨写道，还不足以支持一个强大的“世俗论点”。</blockquote></p><p> VR, AR and other new technologies \"are good businesses, with above-GDP growth prospects for the foreseeable future (assuming competent execution), but we believe there is no shiny overarching thesis to bring new money in,\" Creutz said.</p><p><blockquote>Creutz 表示，VR、AR 和其他新技术“是很好的业务，在可预见的未来（假设执行得力）具有高于 GDP 的增长前景，但我们相信没有引入新资金的闪亮总体论点”。</blockquote></p><p> Creutz has outperform ratings on Take-<a href=\"https://laohu8.com/S/TWOA.U\">Two</a>, EA, and Zygna <a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>, but a market perform rating on Activision. All four of those companies will report earnings this week -- Take-<a href=\"https://laohu8.com/S/TWOA\">Two</a> on Monday, Activision on Tuesday, EA on Wednesday and Zynga on Thursday. Look for signs that the growth in videogames may slacken in the months ahead, and the companies themselves may be looking to change.</p><p><blockquote>Creutz 的评级跑赢大盘-<a href=\"https://laohu8.com/S/TWOA.U\">二</a>、EA和Zygna<a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>，但对动视暴雪的市场表现评级。这四家公司都将于本周公布财报——<a href=\"https://laohu8.com/S/TWOA\">二</a>周一，动视周二，艺电周三，Zynga周四。寻找视频游戏增长可能在未来几个月放缓的迹象，公司本身可能正在寻求改变。</blockquote></p><p> \"Ultimately, we think commentary about trends the companies are seeing in Q3 will be the most important factor during reporting season, with the potential to reassure investors that the gains in engagement and monetization made during the pandemic are in fact quite sticky,\" Creutz wrote.</p><p><blockquote>“最终，我们认为对公司在第三季度看到的趋势的评论将是报告季最重要的因素，有可能让投资者放心，大流行期间的参与度和货币化收益实际上相当粘性，”克罗茨写道。</blockquote></p><p> The numbers to watch</p><p><blockquote>值得关注的数字</blockquote></p><p></p><p> <ul>  <li><b>COVID-19 vaccine sales</b>. Moderna Inc.MRNAreports earnings on Thursday for the first time sincejoining the S&amp;P 500 indexSPX,and all eyes will be on the company’s sales of its COVID-19 vaccine. Pfizer Inc.PFEreported roughly $8 billion in vaccine sales, putting it on pace to approach $34 billion in annual sales. Pfizer confirmed plans to seek U.S. approval for a booster shot while confirming a higher per-shot price in a recent deal with the U.S., from $19.50 to $24, according to Mizuho Securities analysts. Investors, who have pushed Moderna shares up more than 377% in the past year, will be looking for similar information from executives.</li> </ul> <ul>  <li><b>Ride-hailing recovery.</b>Uber Technologies Inc.UBERand Lyft Inc.LYFTreport results this week, and both ride-hailing companies are trading lower than the prices commanded during their 2019 initial public offerings. The companies have been struggling to get drivers back in their cars while struggling to properly incorporate new pay practices in California. Investors will be looking for signs that some of the pandemic-related issues in ride-hailing are easing, while looking carefully at Uber’s expensive attempts to boost its other businesses.</li> </ul> The call to put on your calendar</p><p><blockquote><ul><li><b>新冠肺炎疫苗销售</b>. Moderna Inc.MRNA 将于周四公布自加入标普500指数 SPX 以来的首次财报，所有人的目光都将集中在该公司 COVID-19 疫苗的销售上。辉瑞公司报告的疫苗销售额约为 80 亿美元，年销售额有望接近 340 亿美元。瑞穗证券分析师表示，辉瑞确认计划寻求美国批准加强注射，同时确认在最近与美国达成的协议中提高每针注射的价格，从19.50美元提高到24美元。过去一年推动 Moderna 股价上涨超过 377% 的投资者将向高管寻求类似的信息。</li></ul><ul><li><b>网约车复苏。</b>Uber Technologies Inc. Uber 和Lyft公司 Lyf 本周公布了业绩，两家网约车公司的交易价格均低于 2019 年首次公开募股时的价格。这些公司一直在努力让司机回到他们的车里，同时努力在加州适当地纳入新的薪酬做法。投资者将寻找网约车行业一些与大流行病相关的问题正在缓解的迹象，同时仔细研究 Uber 为促进其他业务所做的昂贵努力。</li></ul>放在日历上的看涨期权</blockquote></p><p> <ul>  <li><b>Alibaba Group Holding LTD.</b>BABAAmid questions about the future of Chinese stocks listed on U.S. exchanges, the biggest of that group will report earnings Tuesday morning. Alibaba stock plunged 13.9% in July, its worst monthly performance in more than two years, even though analysts such as Raymond James’s Aaron Kessler say, “We believe most of these new regulations do not impact Alibaba.” Expect executives on the call Tuesday to address those concerns, while playing up the company’s quarterly performance, which included the 6/18 shopping event in China.</li> </ul> This week in earnings</p><p><blockquote><ul><li><b>阿里巴巴-SW集团控股有限公司</b>Babaam 对在美国交易所上市的中国股票的未来提出疑问，该集团中最大的一家将于周二上午公布财报。尽管 Raymond James 的 Aaron Kessler 等分析师表示，“我们认为这些新规大多不会影响阿里巴巴-SW”，但阿里巴巴-SW股价 7 月份暴跌 13.9%，创下两年多来最差的月度表现。预计周二在看涨期权上的高管们将解决这些担忧，同时渲染公司的季度业绩，其中包括 6/18 在华购物活动。</li></ul>本周收益</blockquote></p><p> Roughly 148 S&amp;P 500 companies are expected to report this week, according to FactSet, while only one Dow Jones Industrial AverageDJIAcomponent is on the calendar, Amgen Inc.&nbsp;Non Tuesday. The calendar is stacked with companies not in the major indexes, though, including Alibaba and Lyft on Tuesday, Uber on Wednesday, Beyond Meat Inc.&nbsp;Dand fresh spin-off Vimeo Inc.&nbsp;on Thursday, and DraftKings Inc.DKNGon Friday.</p><p><blockquote>根据 FactSet 的数据，预计本周将有约 148 家标普500公司发布财报，而只有一家道琼斯工业平均指数 (Dow Jones Industrial AveragedDJIA Component) 在日历上，安进公司 (Amgen Inc.) 不会在周二发布财报。不过，日历上堆满了不在主要指数中的公司，包括周二的阿里巴巴-SW和Lyft、周三的 Uber、周四的Beyond Meat和新分拆公司 Vimeo Inc.，以及周五的 DraftKings Inc.DKNG。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/videogames-entered-the-mainstream-in-the-pandemic-but-the-industry-faces-a-rough-transition-11627854805?mod=newsviewer_click\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","BABA":"阿里巴巴","LYFT":"Lyft, Inc.","EA":"艺电","09988":"阿里巴巴-W","UBER":"优步","QNETCN":"纳斯达克中美互联网老虎指数","TTWO":"Take-Two Interactive Software"},"source_url":"https://www.marketwatch.com/story/videogames-entered-the-mainstream-in-the-pandemic-but-the-industry-faces-a-rough-transition-11627854805?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156164154","content_text":"Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a sector that changed from a fun diversion to a gigantic industry during COVID-19 pandemic\nMARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO\nFor decades, Wall Street has viewed videogames like most Americans: A fun little diversion from everyday life, but not something to take too seriously.\nThe dynamic has been changing for years, and flipped permanently during the COVID-19 pandemic, which saw the videogame industry go far beyond just overtaking Hollywood in revenue and importance to the market -- depend on gamers for big revenue.\nWith greater relevance comes greater scrutiny. Videogame studios have sometimes operated like the fun little diversions in product development, forming small groups willing to fail spectacularly in search of a big hit, while paying little and supervising employees even less. Those issues came to light again when the state of California recently sued Activision Blizzard, portraying a toxic workplace culture , French company Ubisoft Entertainment SA .\nEmployees are not alone in seeking a change in practices in the videogame industry. MarketWatch readers may remember that Activision already faced a revolt from shareholders as well this year . Activision investors sent its stock to its worst week in more than a year amid the most recent controversy, down 8.6%, and shares are now down nearly 10% on the year despite strong growth.\nExpectations for upcoming earnings reports show that Wall Street, like employees, are expecting these companies to show greater maturity. While the boom in videogames during the pandemic has brought new investors and attention, the companies are expected to struggle to show gains from last year as they lap the beginning of the COVID-19 pandemic.\nWhile Cowen analyst Doug Creutz doesn't expect a major downturn in the third quarter, he cautioned in a recent note that investors \"may see some softening\" after a second quarter of beats, but believes fundamentals are strong \"with 2020's growth spurt due to shelter-in-place not appearing to reverse despite increasing levels of vaccination.\"\nAnalysts also see the same problem that many gamers voice: The industry doesn't seem to be heading anywhere new and exciting, with sequels and retreads lining the release calendar, and potential next-generation technology such as augmented- and virtual-reality and streaming not looking strong enough yet to support a strong \"secular thesis,\" Creutz wrote.\nVR, AR and other new technologies \"are good businesses, with above-GDP growth prospects for the foreseeable future (assuming competent execution), but we believe there is no shiny overarching thesis to bring new money in,\" Creutz said.\nCreutz has outperform ratings on Take-Two, EA, and Zygna $(ZNGA)$, but a market perform rating on Activision. All four of those companies will report earnings this week -- Take-Two on Monday, Activision on Tuesday, EA on Wednesday and Zynga on Thursday. Look for signs that the growth in videogames may slacken in the months ahead, and the companies themselves may be looking to change.\n\"Ultimately, we think commentary about trends the companies are seeing in Q3 will be the most important factor during reporting season, with the potential to reassure investors that the gains in engagement and monetization made during the pandemic are in fact quite sticky,\" Creutz wrote.\nThe numbers to watch\n\nCOVID-19 vaccine sales. Moderna Inc.MRNAreports earnings on Thursday for the first time sincejoining the S&P 500 indexSPX,and all eyes will be on the company’s sales of its COVID-19 vaccine. Pfizer Inc.PFEreported roughly $8 billion in vaccine sales, putting it on pace to approach $34 billion in annual sales. Pfizer confirmed plans to seek U.S. approval for a booster shot while confirming a higher per-shot price in a recent deal with the U.S., from $19.50 to $24, according to Mizuho Securities analysts. Investors, who have pushed Moderna shares up more than 377% in the past year, will be looking for similar information from executives.\n\n\nRide-hailing recovery.Uber Technologies Inc.UBERand Lyft Inc.LYFTreport results this week, and both ride-hailing companies are trading lower than the prices commanded during their 2019 initial public offerings. The companies have been struggling to get drivers back in their cars while struggling to properly incorporate new pay practices in California. Investors will be looking for signs that some of the pandemic-related issues in ride-hailing are easing, while looking carefully at Uber’s expensive attempts to boost its other businesses.\n\nThe call to put on your calendar\n\nAlibaba Group Holding LTD.BABAAmid questions about the future of Chinese stocks listed on U.S. exchanges, the biggest of that group will report earnings Tuesday morning. Alibaba stock plunged 13.9% in July, its worst monthly performance in more than two years, even though analysts such as Raymond James’s Aaron Kessler say, “We believe most of these new regulations do not impact Alibaba.” Expect executives on the call Tuesday to address those concerns, while playing up the company’s quarterly performance, which included the 6/18 shopping event in China.\n\nThis week in earnings\nRoughly 148 S&P 500 companies are expected to report this week, according to FactSet, while only one Dow Jones Industrial AverageDJIAcomponent is on the calendar, Amgen Inc. Non Tuesday. The calendar is stacked with companies not in the major indexes, though, including Alibaba and Lyft on Tuesday, Uber on Wednesday, Beyond Meat Inc. Dand fresh spin-off Vimeo Inc. on Thursday, and DraftKings Inc.DKNGon Friday.","news_type":1,"symbols_score_info":{"09988":0.9,"ATVI":0.9,"MRNA":0.9,"QNETCN":0.9,"TTWO":0.9,"UBER":0.9,"EA":0.9,"LYFT":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":3476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805844932,"gmtCreate":1627872316426,"gmtModify":1633755731257,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805844932","repostId":"1146276909","repostType":4,"isVote":1,"tweetType":1,"viewCount":2392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805913571,"gmtCreate":1627834531193,"gmtModify":1633756050156,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"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/805913571","repostId":"1122171439","repostType":4,"isVote":1,"tweetType":1,"viewCount":2062,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806245467,"gmtCreate":1627660967359,"gmtModify":1633757301199,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/806245467","repostId":"2155377091","repostType":4,"isVote":1,"tweetType":1,"viewCount":732,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806255274,"gmtCreate":1627660108298,"gmtModify":1633757307472,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"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/806255274","repostId":"2155159451","repostType":4,"isVote":1,"tweetType":1,"viewCount":683,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806252961,"gmtCreate":1627660027353,"gmtModify":1633757308627,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/806252961","repostId":"2155159451","repostType":4,"isVote":1,"tweetType":1,"viewCount":541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171108090,"gmtCreate":1626709792610,"gmtModify":1633924714711,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171108090","repostId":"1184844987","repostType":4,"repost":{"id":"1184844987","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626708855,"share":"https://www.laohunote.com/m/news/1184844987?lang=zh_CN&edition=full","pubTime":"2021-07-19 23:34","market":"us","language":"en","title":"Peloton shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session<blockquote>Peloton 股价走高，因为对 COVID-19 的新担忧提振了一些居家公司的股价</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184844987","media":"Benzinga Earnings","summary":"(July 19) This headline-only article is meant to show youwhy a stock is moving, the most difficult a","content":"<p>(July 19)&nbsp;This headline-only article is meant to show you<b>why a stock is moving</b>, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about onBenzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading.</p><p><blockquote>（7 月 19 日）这篇仅标题文章旨在向您展示<b>股票为何波动</b>，股票交易最难的方面。我们每天都会发布数百条关于任何催化剂的头条新闻，这些催化剂可能会推动您关心的股票 onBenzinga Pro，这是我们提供快速、可操作信息的旗舰平台，可促进更快、更智能的交易。</blockquote></p><p> Benzinga Prohas an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of professional and retail traders across the world.</p><p><blockquote>Benzinga Prohas 是一个设计直观的工作空间，可提供强大的市场洞察力，是全球成千上万的专业和零售商的首选解决方案。</blockquote></p><p> Stop Googling for information and check outBenzinga Pro. You will never again be left in the dark on when a stock moves. You’ll have what you need to act in real-time — before the crowd.</p><p><blockquote>停止谷歌搜索信息，看看outBenzinga Pro。当股票变动时，你再也不会被蒙在鼓里了。您将拥有在观众面前实时表演所需的一切。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aadc64d02cc064f139aaf6c6a9b3e259\" tg-width=\"709\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Peloton shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session<blockquote>Peloton 股价走高，因为对 COVID-19 的新担忧提振了一些居家公司的股价</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeloton shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session<blockquote>Peloton 股价走高，因为对 COVID-19 的新担忧提振了一些居家公司的股价</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-07-19 23:34</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>(July 19)&nbsp;This headline-only article is meant to show you<b>why a stock is moving</b>, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about onBenzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading.</p><p><blockquote>（7 月 19 日）这篇仅标题文章旨在向您展示<b>股票为何波动</b>，股票交易最难的方面。我们每天都会发布数百条关于任何催化剂的头条新闻，这些催化剂可能会推动您关心的股票 onBenzinga Pro，这是我们提供快速、可操作信息的旗舰平台，可促进更快、更智能的交易。</blockquote></p><p> Benzinga Prohas an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of professional and retail traders across the world.</p><p><blockquote>Benzinga Prohas 是一个设计直观的工作空间，可提供强大的市场洞察力，是全球成千上万的专业和零售商的首选解决方案。</blockquote></p><p> Stop Googling for information and check outBenzinga Pro. You will never again be left in the dark on when a stock moves. You’ll have what you need to act in real-time — before the crowd.</p><p><blockquote>停止谷歌搜索信息，看看outBenzinga Pro。当股票变动时，你再也不会被蒙在鼓里了。您将拥有在观众面前实时表演所需的一切。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aadc64d02cc064f139aaf6c6a9b3e259\" tg-width=\"709\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTON":"Peloton Interactive, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184844987","content_text":"(July 19) This headline-only article is meant to show youwhy a stock is moving, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about onBenzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading.\nBenzinga Prohas an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of professional and retail traders across the world.\nStop Googling for information and check outBenzinga Pro. You will never again be left in the dark on when a stock moves. You’ll have what you need to act in real-time — before the crowd.","news_type":1,"symbols_score_info":{"PTON":0.9}},"isVote":1,"tweetType":1,"viewCount":733,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171109884,"gmtCreate":1626709633248,"gmtModify":1633924716200,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171109884","repostId":"1157946065","repostType":4,"repost":{"id":"1157946065","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626709024,"share":"https://www.laohunote.com/m/news/1157946065?lang=zh_CN&edition=full","pubTime":"2021-07-19 23:37","market":"us","language":"en","title":"The SPY Bears Look Strong, But Bulls Have Opportunity<blockquote>SPDR标普500指数ETF熊队看起来很强大，但多头有机会</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1157946065","media":"Benzinga Earnings","summary":"The SPDR S&P 500 ETF (NYSE:SPY) opened down 1.23% Monday morning after declining 0.78% intraday on F","content":"<p><b>The SPDR S&amp;P 500 ETF</b>&nbsp;(NYSE:SPY) opened down 1.23% Monday morning after declining 0.78% intraday on Friday. The sell-off is being attributed to the increased spread of the COVID-19 Delta variant and inflation fears but the dip could provide opportunities for bullish traders.</p><p><blockquote><b>SPDR 标普500 ETF</b>（纽约证券交易所股票代码：SPY）继周五盘中下跌0.78%后，周一上午开盘下跌1.23%。抛售被归因于 COVID-19 德尔塔变异毒株扩散和通胀担忧，但下跌可能会为看涨交易者提供机会。</blockquote></p><p> On Friday, options traders seemed to forecast a gap down on Monday morning and purchased over $9.12 million worth of bearish SPY put contracts. A number of traders purchased puts with a strike price of $430 with an expiry of July 21 which opened \"in-the-money.\"</p><p><blockquote>周五，期权交易员似乎预测周一上午将出现下跌缺口，并购买了价值超过 912 万美元的看跌SPDR标普500指数ETF看跌合约。许多交易者购买了执行价格为 430 美元、到期日为 7 月 21 日的看跌期权，开盘时为“实值”。</blockquote></p><p> Big tech earnings kick off this week with&nbsp;<b>Netflix Inc</b>(NASDAQ:NFLX) reporting Tuesday afternoon and the dip could provide a strong buying opportunity if the streaming company beats expectations. The spread of the Delta variant could also cause the Federal Reserve to pause its talk of tapering, which would be a good sign for the bulls going forward into the third quarter and beyond.</p><p><blockquote>大型科技公司财报本周拉开帷幕<b>网飞公司</b>（纳斯达克股票代码：NFLX）周二下午发布报告，如果这家流媒体公司超出预期，股价下跌可能会提供强劲的买入机会。德尔塔变异毒株的蔓延也可能导致美联储暂停缩减规模的讨论，这对多头进入第三季度及以后来说是一个好兆头。</blockquote></p><p> For technical traders, regardless of the narrative around the recent pullback, the SPY has key levels to watch.</p><p><blockquote>对于技术交易者来说，无论最近回调的叙述如何，SPDR标普500指数ETF都有值得关注的关键水平。</blockquote></p><p> <b>The SPY Chart:</b>&nbsp;The SPY created a bearish double top pattern when it hit a new all-time high of $437.92 on Tuesday and Wednesday of last week. On Friday, the SPY printed a bearish engulfing candlestick pattern indicating lower prices were in the cards for Monday. An engulfing candlestick pattern is recognized by a candle that fully eclipses the previous smaller candlestick and has little or no upper or lower wick.</p><p><blockquote><b>SPDR标普500指数ETF图表：</b>SPDR标普500指数ETF上周二和周三创下437.92美元的历史新高，形成了看跌双顶形态。周五，SPDR标普500指数ETF打印了一个看跌的吞没烛台模式，表明周一价格可能会下跌。吞没烛台模式是通过完全遮蔽前一个较小烛台并且很少或没有上下灯芯的蜡烛来识别的。</blockquote></p><p> On Monday morning the SPY opened just above a key support zone at the $425 mark, tested the level as support and bounced. The SPY has another support level just below at $422.82 that may provide support if the SPY loses the $425 level.</p><p><blockquote>周一上午，SPDR标普500指数ETF开盘略高于 425 美元关口的关键支撑区，测试了该水平作为支撑位并反弹。SPDR标普500指数ETF还有另一个支撑位，即 422.82 美元，如果SPDR标普500指数ETF失去 425 美元水平，该支撑位可能会提供支撑。</blockquote></p><p> The SPY is trading below both the eight-day and 21-day exponential moving averages (EMAs), which is bearish, but the eight-day EMA is trending above the 21-day EMA, which is bullish. This indicates indecision in the short term. The SPY is trading well above the 200-day simple moving average, which indicates overall sentiment remains bullish for the longer-term outlook.</p><p><blockquote>SPDR标普500指数ETF的交易价格均低于 8 日和 21 日指数移动平均线 (EMA)，这是看跌的，但 8 日 EMA 趋势高于 21 日 EMA，这是看涨的。这表明短期内犹豫不决。SPDR标普500指数ETF的交易价格远高于 200 天简单移动平均线，这表明整体情绪对长期前景仍然看涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0776e35fc3dd381ce4bc6db6f84308c4\" tg-width=\"1366\" tg-height=\"768\" width=\"100%\" height=\"auto\">There is support below at $425.77, $422.82, $417.81 and $412. The SPY has psychological support at $400 although the level has yet to be tested by price action.</p><p><blockquote>下方有425.77美元、422.82美元、417.81美元和412美元的支撑位。SPDR标普500指数ETF在400美元有心理支撑，尽管该水平尚未受到价格走势的考验。</blockquote></p><p> <b>SPY Price Action:</b>The SPDR S&amp;P 500 was trading down.</p><p><blockquote><b>SPDR标普500指数ETF价格走势：</b>SPDR标普500正在下跌。</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>The SPY Bears Look Strong, But Bulls Have Opportunity<blockquote>SPDR标普500指数ETF熊队看起来很强大，但多头有机会</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe SPY Bears Look Strong, But Bulls Have Opportunity<blockquote>SPDR标普500指数ETF熊队看起来很强大，但多头有机会</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-07-19 23:37</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>The SPDR S&amp;P 500 ETF</b>&nbsp;(NYSE:SPY) opened down 1.23% Monday morning after declining 0.78% intraday on Friday. The sell-off is being attributed to the increased spread of the COVID-19 Delta variant and inflation fears but the dip could provide opportunities for bullish traders.</p><p><blockquote><b>SPDR 标普500 ETF</b>（纽约证券交易所股票代码：SPY）继周五盘中下跌0.78%后，周一上午开盘下跌1.23%。抛售被归因于 COVID-19 德尔塔变异毒株扩散和通胀担忧，但下跌可能会为看涨交易者提供机会。</blockquote></p><p> On Friday, options traders seemed to forecast a gap down on Monday morning and purchased over $9.12 million worth of bearish SPY put contracts. A number of traders purchased puts with a strike price of $430 with an expiry of July 21 which opened \"in-the-money.\"</p><p><blockquote>周五，期权交易员似乎预测周一上午将出现下跌缺口，并购买了价值超过 912 万美元的看跌SPDR标普500指数ETF看跌合约。许多交易者购买了执行价格为 430 美元、到期日为 7 月 21 日的看跌期权，开盘时为“实值”。</blockquote></p><p> Big tech earnings kick off this week with&nbsp;<b>Netflix Inc</b>(NASDAQ:NFLX) reporting Tuesday afternoon and the dip could provide a strong buying opportunity if the streaming company beats expectations. The spread of the Delta variant could also cause the Federal Reserve to pause its talk of tapering, which would be a good sign for the bulls going forward into the third quarter and beyond.</p><p><blockquote>大型科技公司财报本周拉开帷幕<b>网飞公司</b>（纳斯达克股票代码：NFLX）周二下午发布报告，如果这家流媒体公司超出预期，股价下跌可能会提供强劲的买入机会。德尔塔变异毒株的蔓延也可能导致美联储暂停缩减规模的讨论，这对多头进入第三季度及以后来说是一个好兆头。</blockquote></p><p> For technical traders, regardless of the narrative around the recent pullback, the SPY has key levels to watch.</p><p><blockquote>对于技术交易者来说，无论最近回调的叙述如何，SPDR标普500指数ETF都有值得关注的关键水平。</blockquote></p><p> <b>The SPY Chart:</b>&nbsp;The SPY created a bearish double top pattern when it hit a new all-time high of $437.92 on Tuesday and Wednesday of last week. On Friday, the SPY printed a bearish engulfing candlestick pattern indicating lower prices were in the cards for Monday. An engulfing candlestick pattern is recognized by a candle that fully eclipses the previous smaller candlestick and has little or no upper or lower wick.</p><p><blockquote><b>SPDR标普500指数ETF图表：</b>SPDR标普500指数ETF上周二和周三创下437.92美元的历史新高，形成了看跌双顶形态。周五，SPDR标普500指数ETF打印了一个看跌的吞没烛台模式，表明周一价格可能会下跌。吞没烛台模式是通过完全遮蔽前一个较小烛台并且很少或没有上下灯芯的蜡烛来识别的。</blockquote></p><p> On Monday morning the SPY opened just above a key support zone at the $425 mark, tested the level as support and bounced. The SPY has another support level just below at $422.82 that may provide support if the SPY loses the $425 level.</p><p><blockquote>周一上午，SPDR标普500指数ETF开盘略高于 425 美元关口的关键支撑区，测试了该水平作为支撑位并反弹。SPDR标普500指数ETF还有另一个支撑位，即 422.82 美元，如果SPDR标普500指数ETF失去 425 美元水平，该支撑位可能会提供支撑。</blockquote></p><p> The SPY is trading below both the eight-day and 21-day exponential moving averages (EMAs), which is bearish, but the eight-day EMA is trending above the 21-day EMA, which is bullish. This indicates indecision in the short term. The SPY is trading well above the 200-day simple moving average, which indicates overall sentiment remains bullish for the longer-term outlook.</p><p><blockquote>SPDR标普500指数ETF的交易价格均低于 8 日和 21 日指数移动平均线 (EMA)，这是看跌的，但 8 日 EMA 趋势高于 21 日 EMA，这是看涨的。这表明短期内犹豫不决。SPDR标普500指数ETF的交易价格远高于 200 天简单移动平均线，这表明整体情绪对长期前景仍然看涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0776e35fc3dd381ce4bc6db6f84308c4\" tg-width=\"1366\" tg-height=\"768\" width=\"100%\" height=\"auto\">There is support below at $425.77, $422.82, $417.81 and $412. The SPY has psychological support at $400 although the level has yet to be tested by price action.</p><p><blockquote>下方有425.77美元、422.82美元、417.81美元和412美元的支撑位。SPDR标普500指数ETF在400美元有心理支撑，尽管该水平尚未受到价格走势的考验。</blockquote></p><p> <b>SPY Price Action:</b>The SPDR S&amp;P 500 was trading down.</p><p><blockquote><b>SPDR标普500指数ETF价格走势：</b>SPDR标普500正在下跌。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157946065","content_text":"The SPDR S&P 500 ETF (NYSE:SPY) opened down 1.23% Monday morning after declining 0.78% intraday on Friday. The sell-off is being attributed to the increased spread of the COVID-19 Delta variant and inflation fears but the dip could provide opportunities for bullish traders.\nOn Friday, options traders seemed to forecast a gap down on Monday morning and purchased over $9.12 million worth of bearish SPY put contracts. A number of traders purchased puts with a strike price of $430 with an expiry of July 21 which opened \"in-the-money.\"\nBig tech earnings kick off this week with Netflix Inc(NASDAQ:NFLX) reporting Tuesday afternoon and the dip could provide a strong buying opportunity if the streaming company beats expectations. The spread of the Delta variant could also cause the Federal Reserve to pause its talk of tapering, which would be a good sign for the bulls going forward into the third quarter and beyond.\nFor technical traders, regardless of the narrative around the recent pullback, the SPY has key levels to watch.\nThe SPY Chart: The SPY created a bearish double top pattern when it hit a new all-time high of $437.92 on Tuesday and Wednesday of last week. On Friday, the SPY printed a bearish engulfing candlestick pattern indicating lower prices were in the cards for Monday. An engulfing candlestick pattern is recognized by a candle that fully eclipses the previous smaller candlestick and has little or no upper or lower wick.\nOn Monday morning the SPY opened just above a key support zone at the $425 mark, tested the level as support and bounced. The SPY has another support level just below at $422.82 that may provide support if the SPY loses the $425 level.\nThe SPY is trading below both the eight-day and 21-day exponential moving averages (EMAs), which is bearish, but the eight-day EMA is trending above the 21-day EMA, which is bullish. This indicates indecision in the short term. The SPY is trading well above the 200-day simple moving average, which indicates overall sentiment remains bullish for the longer-term outlook.\nThere is support below at $425.77, $422.82, $417.81 and $412. The SPY has psychological support at $400 although the level has yet to be tested by price action.\nSPY Price Action:The SPDR S&P 500 was trading down.","news_type":1,"symbols_score_info":{"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144699832,"gmtCreate":1626277948026,"gmtModify":1633928303208,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"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/144699832","repostId":"1140509225","repostType":4,"isVote":1,"tweetType":1,"viewCount":763,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146791284,"gmtCreate":1626098610648,"gmtModify":1633930145600,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"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/146791284","repostId":"1146782773","repostType":4,"isVote":1,"tweetType":1,"viewCount":719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146353000,"gmtCreate":1626055193800,"gmtModify":1633930596849,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146353000","repostId":"1152788566","repostType":4,"isVote":1,"tweetType":1,"viewCount":618,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143561098,"gmtCreate":1625802412014,"gmtModify":1633937160123,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/143561098","repostId":"1135632463","repostType":4,"repost":{"id":"1135632463","kind":"news","pubTimestamp":1625800249,"share":"https://www.laohunote.com/m/news/1135632463?lang=zh_CN&edition=full","pubTime":"2021-07-09 11:10","market":"us","language":"en","title":"Opinion: 10 companies that know how to spend money so you have a chance to make some<blockquote>观点：10 家知道如何花钱的公司，这样你就有机会赚钱</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135632463","media":"Market Wacth","summary":"Share buybacks can add value to all corporate constituents — shareholders, employees and customers\nS","content":"<p>Share buybacks can add value to all corporate constituents — shareholders, employees and customers</p><p><blockquote>股票回购可以为所有公司成员（股东、员工和客户）增加价值</blockquote></p><p> Share buybacks are surprisingly controversial. A share buyback is when a company repurchases its own shares, which reduces its shares outstanding.&nbsp; By reducing the number of shares, buybacks effectively allocate a greater portion of corporate capital to remaining investors. For example, earnings per share increases.</p><p><blockquote>股票回购引发了令人惊讶的争议。股票回购是指公司回购自己的股票，从而减少其流通股。通过减少股票数量，回购有效地将更大一部分公司资本分配给剩余的投资者。例如，每股收益增加。</blockquote></p><p> Share buybacks add value to all corporate constituents — shareholders, employees, customers — when capital allocation follows two rules. One: buybacks are made with excess cash after the company has reinvested to maintain or grow the profitability of its current business, whether organically or through acquisitions. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a>: buybacks are made only at share prices below business value—a corporation that overpays for anything, including its own shares, destroys corporate value.</p><p><blockquote>当资本分配遵循两条规则时，股票回购会为所有公司组成部分（股东、员工、客户）增加价值。一：回购是在公司进行再投资以维持或提高当前业务的盈利能力后，用多余现金进行的，无论是有机的还是通过收购的。<a href=\"https://laohu8.com/S/TWOA.U\">二</a>：回购只能以低于商业价值的股价进行——一家公司为任何东西（包括自己的股票）支付过高的价格都会破坏公司价值。</blockquote></p><p> Some critics protest buybacks for the wrong reasons. They complain of transferring corporate cash to shareholders when employees deserve a raise and customers a price cut.&nbsp; But this overlooks Rule One: skimping on employees and stiffing customers are anathema to any corporation and all its long-term shareholders, particularly stock pickers who construct a selective portfolio of high-quality stocks (called quality shareholders).</p><p><blockquote>一些批评者以错误的理由抗议回购。他们抱怨把公司现金转给股东，而员工理应加薪，客户理应降价。但这忽略了第一条规则：吝啬员工和压制客户是任何公司及其所有长期股东的诅咒，尤其是那些精心构建优质股票投资组合的选股者（称为优质股东）。</blockquote></p><p> There are only two types of potential beneficiaries of so diverting cash to share buybacks. The first are transient (short-term) shareholders who don’t care about Rule <a href=\"https://laohu8.com/S/TWOA\">Two</a>: they are happy to cash in at an inflated price even if in the process the company destroys value for remaining shareholders, employees and customers. The second are managers who don’t care about either Rule because their pay is tied heavily to current stock price or current earnings per share.</p><p><blockquote>这种将现金转移到股票回购的潜在受益者只有两种类型。首先是不在乎规则的短期股东<a href=\"https://laohu8.com/S/TWOA\">二</a>：他们乐于以虚高的价格兑现，即使在此过程中公司会破坏剩余股东、员工和客户的价值。第二种是不关心这两条规则的管理者，因为他们的薪酬与当前股价或当前每股收益密切相关。</blockquote></p><p> Faithful managerial stewards who adhere to buyback Rules One and <a href=\"https://laohu8.com/S/TWOA.U\">Two</a>, however, add value for all corporate constituencies. Three of the best corporate managers of all time pioneered and perfected the proper execution of share buyback programs over several decades dating to the 1970s: Kay <a href=\"https://laohu8.com/S/GHC\">Graham</a> of The <a href=\"https://laohu8.com/S/WASH\">Washington</a> <a href=\"https://laohu8.com/S/POST\">Post</a> Co., Larry Tisch of <a href=\"https://laohu8.com/S/L\">Loews</a> Corporation, and Henry Singleton of <a href=\"https://laohu8.com/S/TDY\">Teledyne</a>. All ran decades-long,&nbsp;on-and-off, buyback programs based on these principles — buying only when price was low and there were no better uses of cash.</p><p><blockquote>遵守回购规则一和<a href=\"https://laohu8.com/S/TWOA.U\">二</a>然而，它为所有企业群体增加了价值。从 20 世纪 70 年代开始的几十年里，有史以来最优秀的三位公司经理开创并完善了股票回购计划的正确执行：凯<a href=\"https://laohu8.com/S/GHC\">格雷厄姆</a>的<a href=\"https://laohu8.com/S/WASH\">华盛顿</a><a href=\"https://laohu8.com/S/POST\">张贴</a>公司，拉里·蒂施<a href=\"https://laohu8.com/S/L\">勒斯</a>公司和亨利·辛格尔顿<a href=\"https://laohu8.com/S/TDY\">电信</a>所有这些公司都基于这些原则实施了长达数十年的断断续续的回购计划——只在价格低廉且没有更好的现金用途时才购买。</blockquote></p><p> These managerial titans have some clear successors among today’s corporate leaders. Among active corporate repurchasers in recent years, the following companies boast high-quality, long-term shareholder bases, as compared to transients, who own shares fleetingly, and indexers, who own indiscriminately.</p><p><blockquote>这些管理巨头在当今的企业领导者中都有一些明确的接班人。在近年来活跃的企业回购者中，以下公司拥有高质量的长期股东基础，而转瞬即逝地持有股票，指数持有者则不加区分地持有股票。</blockquote></p><p> AdobeADBE,+0.03%</p><p><blockquote>AdobeADBE，+0.03%</blockquote></p><p> AssurantAIZ,-1.67%</p><p><blockquote>保险，-1.67%</blockquote></p><p> Bank of <a href=\"https://laohu8.com/S/NWY\">New York</a> MellonBK,-2.30%</p><p><blockquote>银行<a href=\"https://laohu8.com/S/NWY\">纽约</a>梅隆BK，-2.30%</blockquote></p><p> CDWCDW,-1.12%</p><p><blockquote>CDWCDW，-1.12%</blockquote></p><p> Deckers OutdoorDECK,-1.76%</p><p><blockquote>德克斯户外甲板，-1.76%</blockquote></p><p> <a href=\"https://laohu8.com/S/HBCP\">Home</a> DepotHD,-1.53%</p><p><blockquote><a href=\"https://laohu8.com/S/HBCP\">家</a>存款，-1.53%</blockquote></p><p> O’Reilly AutomotiveORLY,-0.61%</p><p><blockquote>奥莱利汽车公司，-0.61%</blockquote></p><p> NVRNVR,-2.87%</p><p><blockquote>NVRNVR，-2.87%</blockquote></p><p> $Sherwin-<a href=\"https://laohu8.com/S/WMB\">Williams</a>(SHW)$SHW,-1.56%</p><p><blockquote>$舍温-<a href=\"https://laohu8.com/S/WMB\">威廉姆斯</a>(SHW)$SHW，-1.56%</blockquote></p><p> WalmartWMT,-0.09%</p><p><blockquote>沃尔玛WMT,-0.09%</blockquote></p><p> <b>O’Reilly</b>&nbsp;is an auto parts retailer serving both professional and amateur mechanics.&nbsp; Founded in 1957 by the O’Reilly family, the company runs some 5,600 stores generating annual revenue around $10 billion. Since its 1993 IPO, it has maintained a strong culture of employee stock ownership. The current CEO since 2018 is Greg <a href=\"https://laohu8.com/S/00179\">Johnson</a>, who has been with the company since 2001.&nbsp;The business model is simple: buy new stores and increase sales at all stores. The result has been steady growth over two decades, with a major acquisition every two or three years and compound annual growth rate of 19%. The company offers products and services customers need and steadily adds new workers. Competitive advantages include economics of scale.</p><p><blockquote><b>奥莱利</b>是一家为专业和业余机械师提供服务的汽车零部件零售商。该公司由 O'Reilly 家族于 1957 年创立，拥有约 5600 家门店，年收入约为 100 亿美元。自1993年首次公开募股以来，该公司一直保持着浓厚的员工持股文化。自 2018 年以来的现任首席执行官是 Greg<a href=\"https://laohu8.com/S/00179\">约翰逊</a>他从2001年开始就在公司工作。商业模式很简单：购买新店，增加所有门店的销售额。其结果是二十多年来稳步增长，每两三年就有一次重大收购，年复合增长率为19%。公司提供客户需要的产品和服务，并稳步增加新员工。竞争优势包括规模经济。</blockquote></p><p> Company strengths include capital allocation that emphasizes buybacks. After deploying capital to primary uses of reinvestment and acquisition, many companies adopt a combination of dividends and buybacks. Not O’Reilly, which skips the dividends and goes straight to disciplined and opportunistic buybacks: when price is well below value.&nbsp; The effect is to increase the price-earnings ratio when low and help stabilize it when high. Such an approach reflects prudent capital allocation, increases per share value to shareholders, and maintains a more rational stock price overall. O’Reilly has maintained this on-and-off buyback program since 2011. QSs include Akre Capital, Edge Point Investment Group and <a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>.</p><p><blockquote>公司的优势包括强调回购的资本配置。在将资本用于再投资和收购的主要用途后，许多公司采用股息和回购相结合的方式。而不是 O'Reilly，它跳过了股息，直接进行有纪律的机会主义回购：当价格远低于价值时。其效果是在市盈率较低时提高市盈率，在市盈率较高时帮助稳定市盈率。这种做法体现了审慎的资本分配，增加了股东的每股价值，并整体维持了较为理性的股价。O'Reilly 自 2011 年以来一直维持着这一断断续续的回购计划。QS 包括 Akre Capital、Edge Point Investment Group 和<a href=\"https://laohu8.com/S/TROW\">T.罗·普莱斯</a>.</blockquote></p><p></p><p> <b>CDW</b>, a global leader in integrated IT solutions with annual revenue approaching $20 billion, traces its unlikely origins to a 1984 newspaper ad selling a used computer and printer. The company’s customer-centric business model positions itself as an extension of its customers’ IT staff to help access a vast selection of tech solutions. It presents itself to vendors as a partner facilitating access to a huge customer base. After ownership by private equity from 2007, it has been public since 2013, boasting steady growth in revenue and earnings with a strong runway for sustained growth, both organic and acquired. Competitive advantages include vast scale and scope and a performance driven-culture. The current CEO since 2018 is <a href=\"https://laohu8.com/S/01210\">Christine</a> A. Leahy, who has been with CDW since 2002.</p><p><blockquote><b>CDW</b>是集成IT解决方案的全球领导者，年收入接近200亿美元，其不太可能的起源可以追溯到1984年的一则出售二手电脑和打印机的报纸广告。公司以客户为中心的商业模式将自己定位为客户 IT 人员的延伸，以帮助客户获得大量的技术解决方案。它向供应商展示自己是一个促进接触庞大客户群的合作伙伴。自 2007 年起由私募股权持有后，该公司自 2013 年起上市，收入和盈利稳步增长，拥有强劲的持续增长跑道，无论是有机增长还是收购增长。竞争优势包括巨大的规模和范围以及绩效驱动的文化。自2018年起现任行政总裁为<a href=\"https://laohu8.com/S/01210\">克里斯汀</a>A.Leahy，自2002年以来一直在CDW工作。</blockquote></p><p> The company adopts a classic approach to rational capital allocation: a clear statement of priorities, including reinvestment and acquisitions; a goal of steady annual dividend increases, and returning excess free cash flow through buybacks. The buyback program is clearly opportunistic and maps related pricing fluctuations from period to period. CDW boasts among the highest quality shareholder bases. QSs include Alliance Bernstein, Bessemer, Fenimore Asset Management, <a href=\"https://laohu8.com/S/LAZ\">Lazard</a>, Mawer Investment Management, Neuberger Berman, <a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>, Wedgewood Partners, and Wellington.</p><p><blockquote>该公司采用经典的合理资本配置方法：明确说明优先事项，包括再投资和收购；目标是每年稳定增加股息，并通过回购返还多余的自由现金流。回购计划显然是机会主义的，并绘制了不同时期相关的价格波动。CDW拥有最高质量的股东基础。QSs 包括 Alliance Bernstein、Bessemer、Fenimore Asset Management、<a href=\"https://laohu8.com/S/LAZ\">拉扎德</a>, Mawer 投资管理公司, Neuberger Berman,<a href=\"https://laohu8.com/S/TROW\">T.罗·普莱斯</a>韦奇伍德合伙人和惠灵顿。</blockquote></p><p> <b>NVR</b>&nbsp;is a regional homebuilder and mortgage banker with annual revenues of about $6 billion. Founded in 1980 and public since 1993 after a recession-induced bankruptcy, brands include Ryan Homes, which caters to first-time home buyers, and NV Homes and <a href=\"https://laohu8.com/S/HTLD\">Heartland</a> Homes, which include higher-end properties. The business model avoids costly and risky land development projects in favor of building pre-sold homes on individual lots acquired from developers on terms that minimize builder risk. Along with such a conservative strategy, NVR’s competitive advantages include relationships with developers and real estate professionals in the markets it&nbsp; serves.</p><p><blockquote><b>网络录像机</b>是一家地区性房屋建筑商和抵押贷款银行家，年收入约为 60 亿美元。该公司成立于 1980 年，自 1993 年因经济衰退破产后上市，旗下品牌包括为首次购房者提供服务的 Ryan Homes、NV Homes 和<a href=\"https://laohu8.com/S/HTLD\">中心地带</a>住宅，包括高端物业。这种商业模式避免了昂贵和高风险的土地开发项目，而是在从开发商收购的单个地块上建造预售房屋，以最大限度地降低建筑商风险。除了这种保守的战略，NVR 的竞争优势还包括与其服务市场中的开发商和房地产专业人士的关系。</blockquote></p><p> The current CEO is Paul Seville, in the role since 2005, making him <a href=\"https://laohu8.com/S/AONE\">one</a> of the&nbsp;more seasoned of today’s top executives.&nbsp;NVR has long boasted the highest listed stock price other than <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a>. NVR’s stock repurchase program dates to 1994 and is known to be among the most consistent and dedicated program of its kind. Current QSs include Broad Run, Capital Group, Diamond <a href=\"https://laohu8.com/S/HIL\">Hill</a> Capital, Ensemble Capital, Giverny Capital, Smead Capital, Wellington and <a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>.</p><p><blockquote>现任首席执行官是 Paul Seville，自 2005 年起担任该职位，使他<a href=\"https://laohu8.com/S/AONE\">一</a>当今最有经验的高管之一。长期以来，NVR 的上市股价一直是除<a href=\"https://laohu8.com/S/BRK.A\">伯克希尔哈撒韦公司</a>. NVR 的股票回购计划可以追溯到 1994 年，是同类计划中最稳定、最专注的计划之一。目前的 QSs 包括 Broad Run、Capital Group、Diamond<a href=\"https://laohu8.com/S/HIL\">山丘</a>资本、Ensemble Capital、Giverny Capital、Smead Capital、惠灵顿和<a href=\"https://laohu8.com/S/TROW\">T.罗·普莱斯</a>.</blockquote></p><p> Share buybacks are only controversial because they can be misused. Done right, they are wins all around.&nbsp; Fortunately, Corporate America continues to have some great managers who understand this, and many quality shareholders who appreciate them for it.</p><p><blockquote>股票回购之所以有争议，只是因为它们可能会被滥用。如果做得好，他们是全方位的胜利。幸运的是，美国企业界仍然有一些理解这一点的优秀管理者，以及许多欣赏他们的优质股东。</blockquote></p><p></p>","source":"lsy1604288433698","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>Opinion: 10 companies that know how to spend money so you have a chance to make some<blockquote>观点：10 家知道如何花钱的公司，这样你就有机会赚钱</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpinion: 10 companies that know how to spend money so you have a chance to make some<blockquote>观点：10 家知道如何花钱的公司，这样你就有机会赚钱</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Market Wacth</strong><span class=\"h-time small\">2021-07-09 11:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Share buybacks can add value to all corporate constituents — shareholders, employees and customers</p><p><blockquote>股票回购可以为所有公司成员（股东、员工和客户）增加价值</blockquote></p><p> Share buybacks are surprisingly controversial. A share buyback is when a company repurchases its own shares, which reduces its shares outstanding.&nbsp; By reducing the number of shares, buybacks effectively allocate a greater portion of corporate capital to remaining investors. For example, earnings per share increases.</p><p><blockquote>股票回购引发了令人惊讶的争议。股票回购是指公司回购自己的股票，从而减少其流通股。通过减少股票数量，回购有效地将更大一部分公司资本分配给剩余的投资者。例如，每股收益增加。</blockquote></p><p> Share buybacks add value to all corporate constituents — shareholders, employees, customers — when capital allocation follows two rules. One: buybacks are made with excess cash after the company has reinvested to maintain or grow the profitability of its current business, whether organically or through acquisitions. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a>: buybacks are made only at share prices below business value—a corporation that overpays for anything, including its own shares, destroys corporate value.</p><p><blockquote>当资本分配遵循两条规则时，股票回购会为所有公司组成部分（股东、员工、客户）增加价值。一：回购是在公司进行再投资以维持或提高当前业务的盈利能力后，用多余现金进行的，无论是有机的还是通过收购的。<a href=\"https://laohu8.com/S/TWOA.U\">二</a>：回购只能以低于商业价值的股价进行——一家公司为任何东西（包括自己的股票）支付过高的价格都会破坏公司价值。</blockquote></p><p> Some critics protest buybacks for the wrong reasons. They complain of transferring corporate cash to shareholders when employees deserve a raise and customers a price cut.&nbsp; But this overlooks Rule One: skimping on employees and stiffing customers are anathema to any corporation and all its long-term shareholders, particularly stock pickers who construct a selective portfolio of high-quality stocks (called quality shareholders).</p><p><blockquote>一些批评者以错误的理由抗议回购。他们抱怨把公司现金转给股东，而员工理应加薪，客户理应降价。但这忽略了第一条规则：吝啬员工和压制客户是任何公司及其所有长期股东的诅咒，尤其是那些精心构建优质股票投资组合的选股者（称为优质股东）。</blockquote></p><p> There are only two types of potential beneficiaries of so diverting cash to share buybacks. The first are transient (short-term) shareholders who don’t care about Rule <a href=\"https://laohu8.com/S/TWOA\">Two</a>: they are happy to cash in at an inflated price even if in the process the company destroys value for remaining shareholders, employees and customers. The second are managers who don’t care about either Rule because their pay is tied heavily to current stock price or current earnings per share.</p><p><blockquote>这种将现金转移到股票回购的潜在受益者只有两种类型。首先是不在乎规则的短期股东<a href=\"https://laohu8.com/S/TWOA\">二</a>：他们乐于以虚高的价格兑现，即使在此过程中公司会破坏剩余股东、员工和客户的价值。第二种是不关心这两条规则的管理者，因为他们的薪酬与当前股价或当前每股收益密切相关。</blockquote></p><p> Faithful managerial stewards who adhere to buyback Rules One and <a href=\"https://laohu8.com/S/TWOA.U\">Two</a>, however, add value for all corporate constituencies. Three of the best corporate managers of all time pioneered and perfected the proper execution of share buyback programs over several decades dating to the 1970s: Kay <a href=\"https://laohu8.com/S/GHC\">Graham</a> of The <a href=\"https://laohu8.com/S/WASH\">Washington</a> <a href=\"https://laohu8.com/S/POST\">Post</a> Co., Larry Tisch of <a href=\"https://laohu8.com/S/L\">Loews</a> Corporation, and Henry Singleton of <a href=\"https://laohu8.com/S/TDY\">Teledyne</a>. All ran decades-long,&nbsp;on-and-off, buyback programs based on these principles — buying only when price was low and there were no better uses of cash.</p><p><blockquote>遵守回购规则一和<a href=\"https://laohu8.com/S/TWOA.U\">二</a>然而，它为所有企业群体增加了价值。从 20 世纪 70 年代开始的几十年里，有史以来最优秀的三位公司经理开创并完善了股票回购计划的正确执行：凯<a href=\"https://laohu8.com/S/GHC\">格雷厄姆</a>的<a href=\"https://laohu8.com/S/WASH\">华盛顿</a><a href=\"https://laohu8.com/S/POST\">张贴</a>公司，拉里·蒂施<a href=\"https://laohu8.com/S/L\">勒斯</a>公司和亨利·辛格尔顿<a href=\"https://laohu8.com/S/TDY\">电信</a>所有这些公司都基于这些原则实施了长达数十年的断断续续的回购计划——只在价格低廉且没有更好的现金用途时才购买。</blockquote></p><p> These managerial titans have some clear successors among today’s corporate leaders. Among active corporate repurchasers in recent years, the following companies boast high-quality, long-term shareholder bases, as compared to transients, who own shares fleetingly, and indexers, who own indiscriminately.</p><p><blockquote>这些管理巨头在当今的企业领导者中都有一些明确的接班人。在近年来活跃的企业回购者中，以下公司拥有高质量的长期股东基础，而转瞬即逝地持有股票，指数持有者则不加区分地持有股票。</blockquote></p><p> AdobeADBE,+0.03%</p><p><blockquote>AdobeADBE，+0.03%</blockquote></p><p> AssurantAIZ,-1.67%</p><p><blockquote>保险，-1.67%</blockquote></p><p> Bank of <a href=\"https://laohu8.com/S/NWY\">New York</a> MellonBK,-2.30%</p><p><blockquote>银行<a href=\"https://laohu8.com/S/NWY\">纽约</a>梅隆BK，-2.30%</blockquote></p><p> CDWCDW,-1.12%</p><p><blockquote>CDWCDW，-1.12%</blockquote></p><p> Deckers OutdoorDECK,-1.76%</p><p><blockquote>德克斯户外甲板，-1.76%</blockquote></p><p> <a href=\"https://laohu8.com/S/HBCP\">Home</a> DepotHD,-1.53%</p><p><blockquote><a href=\"https://laohu8.com/S/HBCP\">家</a>存款，-1.53%</blockquote></p><p> O’Reilly AutomotiveORLY,-0.61%</p><p><blockquote>奥莱利汽车公司，-0.61%</blockquote></p><p> NVRNVR,-2.87%</p><p><blockquote>NVRNVR，-2.87%</blockquote></p><p> $Sherwin-<a href=\"https://laohu8.com/S/WMB\">Williams</a>(SHW)$SHW,-1.56%</p><p><blockquote>$舍温-<a href=\"https://laohu8.com/S/WMB\">威廉姆斯</a>(SHW)$SHW，-1.56%</blockquote></p><p> WalmartWMT,-0.09%</p><p><blockquote>沃尔玛WMT,-0.09%</blockquote></p><p> <b>O’Reilly</b>&nbsp;is an auto parts retailer serving both professional and amateur mechanics.&nbsp; Founded in 1957 by the O’Reilly family, the company runs some 5,600 stores generating annual revenue around $10 billion. Since its 1993 IPO, it has maintained a strong culture of employee stock ownership. The current CEO since 2018 is Greg <a href=\"https://laohu8.com/S/00179\">Johnson</a>, who has been with the company since 2001.&nbsp;The business model is simple: buy new stores and increase sales at all stores. The result has been steady growth over two decades, with a major acquisition every two or three years and compound annual growth rate of 19%. The company offers products and services customers need and steadily adds new workers. Competitive advantages include economics of scale.</p><p><blockquote><b>奥莱利</b>是一家为专业和业余机械师提供服务的汽车零部件零售商。该公司由 O'Reilly 家族于 1957 年创立，拥有约 5600 家门店，年收入约为 100 亿美元。自1993年首次公开募股以来，该公司一直保持着浓厚的员工持股文化。自 2018 年以来的现任首席执行官是 Greg<a href=\"https://laohu8.com/S/00179\">约翰逊</a>他从2001年开始就在公司工作。商业模式很简单：购买新店，增加所有门店的销售额。其结果是二十多年来稳步增长，每两三年就有一次重大收购，年复合增长率为19%。公司提供客户需要的产品和服务，并稳步增加新员工。竞争优势包括规模经济。</blockquote></p><p> Company strengths include capital allocation that emphasizes buybacks. After deploying capital to primary uses of reinvestment and acquisition, many companies adopt a combination of dividends and buybacks. Not O’Reilly, which skips the dividends and goes straight to disciplined and opportunistic buybacks: when price is well below value.&nbsp; The effect is to increase the price-earnings ratio when low and help stabilize it when high. Such an approach reflects prudent capital allocation, increases per share value to shareholders, and maintains a more rational stock price overall. O’Reilly has maintained this on-and-off buyback program since 2011. QSs include Akre Capital, Edge Point Investment Group and <a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>.</p><p><blockquote>公司的优势包括强调回购的资本配置。在将资本用于再投资和收购的主要用途后，许多公司采用股息和回购相结合的方式。而不是 O'Reilly，它跳过了股息，直接进行有纪律的机会主义回购：当价格远低于价值时。其效果是在市盈率较低时提高市盈率，在市盈率较高时帮助稳定市盈率。这种做法体现了审慎的资本分配，增加了股东的每股价值，并整体维持了较为理性的股价。O'Reilly 自 2011 年以来一直维持着这一断断续续的回购计划。QS 包括 Akre Capital、Edge Point Investment Group 和<a href=\"https://laohu8.com/S/TROW\">T.罗·普莱斯</a>.</blockquote></p><p></p><p> <b>CDW</b>, a global leader in integrated IT solutions with annual revenue approaching $20 billion, traces its unlikely origins to a 1984 newspaper ad selling a used computer and printer. The company’s customer-centric business model positions itself as an extension of its customers’ IT staff to help access a vast selection of tech solutions. It presents itself to vendors as a partner facilitating access to a huge customer base. After ownership by private equity from 2007, it has been public since 2013, boasting steady growth in revenue and earnings with a strong runway for sustained growth, both organic and acquired. Competitive advantages include vast scale and scope and a performance driven-culture. The current CEO since 2018 is <a href=\"https://laohu8.com/S/01210\">Christine</a> A. Leahy, who has been with CDW since 2002.</p><p><blockquote><b>CDW</b>是集成IT解决方案的全球领导者，年收入接近200亿美元，其不太可能的起源可以追溯到1984年的一则出售二手电脑和打印机的报纸广告。公司以客户为中心的商业模式将自己定位为客户 IT 人员的延伸，以帮助客户获得大量的技术解决方案。它向供应商展示自己是一个促进接触庞大客户群的合作伙伴。自 2007 年起由私募股权持有后，该公司自 2013 年起上市，收入和盈利稳步增长，拥有强劲的持续增长跑道，无论是有机增长还是收购增长。竞争优势包括巨大的规模和范围以及绩效驱动的文化。自2018年起现任行政总裁为<a href=\"https://laohu8.com/S/01210\">克里斯汀</a>A.Leahy，自2002年以来一直在CDW工作。</blockquote></p><p> The company adopts a classic approach to rational capital allocation: a clear statement of priorities, including reinvestment and acquisitions; a goal of steady annual dividend increases, and returning excess free cash flow through buybacks. The buyback program is clearly opportunistic and maps related pricing fluctuations from period to period. CDW boasts among the highest quality shareholder bases. QSs include Alliance Bernstein, Bessemer, Fenimore Asset Management, <a href=\"https://laohu8.com/S/LAZ\">Lazard</a>, Mawer Investment Management, Neuberger Berman, <a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>, Wedgewood Partners, and Wellington.</p><p><blockquote>该公司采用经典的合理资本配置方法：明确说明优先事项，包括再投资和收购；目标是每年稳定增加股息，并通过回购返还多余的自由现金流。回购计划显然是机会主义的，并绘制了不同时期相关的价格波动。CDW拥有最高质量的股东基础。QSs 包括 Alliance Bernstein、Bessemer、Fenimore Asset Management、<a href=\"https://laohu8.com/S/LAZ\">拉扎德</a>, Mawer 投资管理公司, Neuberger Berman,<a href=\"https://laohu8.com/S/TROW\">T.罗·普莱斯</a>韦奇伍德合伙人和惠灵顿。</blockquote></p><p> <b>NVR</b>&nbsp;is a regional homebuilder and mortgage banker with annual revenues of about $6 billion. Founded in 1980 and public since 1993 after a recession-induced bankruptcy, brands include Ryan Homes, which caters to first-time home buyers, and NV Homes and <a href=\"https://laohu8.com/S/HTLD\">Heartland</a> Homes, which include higher-end properties. The business model avoids costly and risky land development projects in favor of building pre-sold homes on individual lots acquired from developers on terms that minimize builder risk. Along with such a conservative strategy, NVR’s competitive advantages include relationships with developers and real estate professionals in the markets it&nbsp; serves.</p><p><blockquote><b>网络录像机</b>是一家地区性房屋建筑商和抵押贷款银行家，年收入约为 60 亿美元。该公司成立于 1980 年，自 1993 年因经济衰退破产后上市，旗下品牌包括为首次购房者提供服务的 Ryan Homes、NV Homes 和<a href=\"https://laohu8.com/S/HTLD\">中心地带</a>住宅，包括高端物业。这种商业模式避免了昂贵和高风险的土地开发项目，而是在从开发商收购的单个地块上建造预售房屋，以最大限度地降低建筑商风险。除了这种保守的战略，NVR 的竞争优势还包括与其服务市场中的开发商和房地产专业人士的关系。</blockquote></p><p> The current CEO is Paul Seville, in the role since 2005, making him <a href=\"https://laohu8.com/S/AONE\">one</a> of the&nbsp;more seasoned of today’s top executives.&nbsp;NVR has long boasted the highest listed stock price other than <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a>. NVR’s stock repurchase program dates to 1994 and is known to be among the most consistent and dedicated program of its kind. Current QSs include Broad Run, Capital Group, Diamond <a href=\"https://laohu8.com/S/HIL\">Hill</a> Capital, Ensemble Capital, Giverny Capital, Smead Capital, Wellington and <a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>.</p><p><blockquote>现任首席执行官是 Paul Seville，自 2005 年起担任该职位，使他<a href=\"https://laohu8.com/S/AONE\">一</a>当今最有经验的高管之一。长期以来，NVR 的上市股价一直是除<a href=\"https://laohu8.com/S/BRK.A\">伯克希尔哈撒韦公司</a>. NVR 的股票回购计划可以追溯到 1994 年，是同类计划中最稳定、最专注的计划之一。目前的 QSs 包括 Broad Run、Capital Group、Diamond<a href=\"https://laohu8.com/S/HIL\">山丘</a>资本、Ensemble Capital、Giverny Capital、Smead Capital、惠灵顿和<a href=\"https://laohu8.com/S/TROW\">T.罗·普莱斯</a>.</blockquote></p><p> Share buybacks are only controversial because they can be misused. Done right, they are wins all around.&nbsp; Fortunately, Corporate America continues to have some great managers who understand this, and many quality shareholders who appreciate them for it.</p><p><blockquote>股票回购之所以有争议，只是因为它们可能会被滥用。如果做得好，他们是全方位的胜利。幸运的是，美国企业界仍然有一些理解这一点的优秀管理者，以及许多欣赏他们的优质股东。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/10-companies-that-know-how-to-spend-money-so-you-have-a-chance-to-make-some-11625766546?mod=home-page\">Market Wacth</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://www.marketwatch.com/story/10-companies-that-know-how-to-spend-money-so-you-have-a-chance-to-make-some-11625766546?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135632463","content_text":"Share buybacks can add value to all corporate constituents — shareholders, employees and customers\nShare buybacks are surprisingly controversial. A share buyback is when a company repurchases its own shares, which reduces its shares outstanding.  By reducing the number of shares, buybacks effectively allocate a greater portion of corporate capital to remaining investors. For example, earnings per share increases.\nShare buybacks add value to all corporate constituents — shareholders, employees, customers — when capital allocation follows two rules. One: buybacks are made with excess cash after the company has reinvested to maintain or grow the profitability of its current business, whether organically or through acquisitions. Two: buybacks are made only at share prices below business value—a corporation that overpays for anything, including its own shares, destroys corporate value.\nSome critics protest buybacks for the wrong reasons. They complain of transferring corporate cash to shareholders when employees deserve a raise and customers a price cut.  But this overlooks Rule One: skimping on employees and stiffing customers are anathema to any corporation and all its long-term shareholders, particularly stock pickers who construct a selective portfolio of high-quality stocks (called quality shareholders).\nThere are only two types of potential beneficiaries of so diverting cash to share buybacks. The first are transient (short-term) shareholders who don’t care about Rule Two: they are happy to cash in at an inflated price even if in the process the company destroys value for remaining shareholders, employees and customers. The second are managers who don’t care about either Rule because their pay is tied heavily to current stock price or current earnings per share.\nFaithful managerial stewards who adhere to buyback Rules One and Two, however, add value for all corporate constituencies. Three of the best corporate managers of all time pioneered and perfected the proper execution of share buyback programs over several decades dating to the 1970s: Kay Graham of The Washington Post Co., Larry Tisch of Loews Corporation, and Henry Singleton of Teledyne. All ran decades-long, on-and-off, buyback programs based on these principles — buying only when price was low and there were no better uses of cash.\nThese managerial titans have some clear successors among today’s corporate leaders. Among active corporate repurchasers in recent years, the following companies boast high-quality, long-term shareholder bases, as compared to transients, who own shares fleetingly, and indexers, who own indiscriminately.\nAdobeADBE,+0.03%\nAssurantAIZ,-1.67%\nBank of New York MellonBK,-2.30%\nCDWCDW,-1.12%\nDeckers OutdoorDECK,-1.76%\nHome DepotHD,-1.53%\nO’Reilly AutomotiveORLY,-0.61%\nNVRNVR,-2.87%\n$Sherwin-Williams(SHW)$SHW,-1.56%\nWalmartWMT,-0.09%\nO’Reilly is an auto parts retailer serving both professional and amateur mechanics.  Founded in 1957 by the O’Reilly family, the company runs some 5,600 stores generating annual revenue around $10 billion. Since its 1993 IPO, it has maintained a strong culture of employee stock ownership. The current CEO since 2018 is Greg Johnson, who has been with the company since 2001. The business model is simple: buy new stores and increase sales at all stores. The result has been steady growth over two decades, with a major acquisition every two or three years and compound annual growth rate of 19%. The company offers products and services customers need and steadily adds new workers. Competitive advantages include economics of scale.\nCompany strengths include capital allocation that emphasizes buybacks. After deploying capital to primary uses of reinvestment and acquisition, many companies adopt a combination of dividends and buybacks. Not O’Reilly, which skips the dividends and goes straight to disciplined and opportunistic buybacks: when price is well below value.  The effect is to increase the price-earnings ratio when low and help stabilize it when high. Such an approach reflects prudent capital allocation, increases per share value to shareholders, and maintains a more rational stock price overall. O’Reilly has maintained this on-and-off buyback program since 2011. QSs include Akre Capital, Edge Point Investment Group and T. Rowe Price.\nCDW, a global leader in integrated IT solutions with annual revenue approaching $20 billion, traces its unlikely origins to a 1984 newspaper ad selling a used computer and printer. The company’s customer-centric business model positions itself as an extension of its customers’ IT staff to help access a vast selection of tech solutions. It presents itself to vendors as a partner facilitating access to a huge customer base. After ownership by private equity from 2007, it has been public since 2013, boasting steady growth in revenue and earnings with a strong runway for sustained growth, both organic and acquired. Competitive advantages include vast scale and scope and a performance driven-culture. The current CEO since 2018 is Christine A. Leahy, who has been with CDW since 2002.\nThe company adopts a classic approach to rational capital allocation: a clear statement of priorities, including reinvestment and acquisitions; a goal of steady annual dividend increases, and returning excess free cash flow through buybacks. The buyback program is clearly opportunistic and maps related pricing fluctuations from period to period. CDW boasts among the highest quality shareholder bases. QSs include Alliance Bernstein, Bessemer, Fenimore Asset Management, Lazard, Mawer Investment Management, Neuberger Berman, T. Rowe Price, Wedgewood Partners, and Wellington.\nNVR is a regional homebuilder and mortgage banker with annual revenues of about $6 billion. Founded in 1980 and public since 1993 after a recession-induced bankruptcy, brands include Ryan Homes, which caters to first-time home buyers, and NV Homes and Heartland Homes, which include higher-end properties. The business model avoids costly and risky land development projects in favor of building pre-sold homes on individual lots acquired from developers on terms that minimize builder risk. Along with such a conservative strategy, NVR’s competitive advantages include relationships with developers and real estate professionals in the markets it  serves.\nThe current CEO is Paul Seville, in the role since 2005, making him one of the more seasoned of today’s top executives. NVR has long boasted the highest listed stock price other than Berkshire Hathaway. NVR’s stock repurchase program dates to 1994 and is known to be among the most consistent and dedicated program of its kind. Current QSs include Broad Run, Capital Group, Diamond Hill Capital, Ensemble Capital, Giverny Capital, Smead Capital, Wellington and T. Rowe Price.\nShare buybacks are only controversial because they can be misused. Done right, they are wins all around.  Fortunately, Corporate America continues to have some great managers who understand this, and many quality shareholders who appreciate them for it.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":704,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143560090,"gmtCreate":1625802247210,"gmtModify":1633937162199,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087363009136950","authorIdStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/143560090","repostId":"1192570348","repostType":4,"isVote":1,"tweetType":1,"viewCount":913,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":807150935,"gmtCreate":1628009213127,"gmtModify":1633754411415,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/807150935","repostId":"1127822150","repostType":4,"isVote":1,"tweetType":1,"viewCount":2523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146791284,"gmtCreate":1626098610648,"gmtModify":1633930145600,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"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/146791284","repostId":"1146782773","repostType":4,"isVote":1,"tweetType":1,"viewCount":719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807409482,"gmtCreate":1628047039446,"gmtModify":1633754058951,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/807409482","repostId":"2156312793","repostType":4,"isVote":1,"tweetType":1,"viewCount":1707,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806252961,"gmtCreate":1627660027353,"gmtModify":1633757308627,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/806252961","repostId":"2155159451","repostType":4,"isVote":1,"tweetType":1,"viewCount":541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171108090,"gmtCreate":1626709792610,"gmtModify":1633924714711,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171108090","repostId":"1184844987","repostType":4,"repost":{"id":"1184844987","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626708855,"share":"https://www.laohunote.com/m/news/1184844987?lang=zh_CN&edition=full","pubTime":"2021-07-19 23:34","market":"us","language":"en","title":"Peloton shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session<blockquote>Peloton 股价走高，因为对 COVID-19 的新担忧提振了一些居家公司的股价</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184844987","media":"Benzinga Earnings","summary":"(July 19) This headline-only article is meant to show youwhy a stock is moving, the most difficult a","content":"<p>(July 19)&nbsp;This headline-only article is meant to show you<b>why a stock is moving</b>, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about onBenzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading.</p><p><blockquote>（7 月 19 日）这篇仅标题文章旨在向您展示<b>股票为何波动</b>，股票交易最难的方面。我们每天都会发布数百条关于任何催化剂的头条新闻，这些催化剂可能会推动您关心的股票 onBenzinga Pro，这是我们提供快速、可操作信息的旗舰平台，可促进更快、更智能的交易。</blockquote></p><p> Benzinga Prohas an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of professional and retail traders across the world.</p><p><blockquote>Benzinga Prohas 是一个设计直观的工作空间，可提供强大的市场洞察力，是全球成千上万的专业和零售商的首选解决方案。</blockquote></p><p> Stop Googling for information and check outBenzinga Pro. You will never again be left in the dark on when a stock moves. You’ll have what you need to act in real-time — before the crowd.</p><p><blockquote>停止谷歌搜索信息，看看outBenzinga Pro。当股票变动时，你再也不会被蒙在鼓里了。您将拥有在观众面前实时表演所需的一切。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aadc64d02cc064f139aaf6c6a9b3e259\" tg-width=\"709\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Peloton shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session<blockquote>Peloton 股价走高，因为对 COVID-19 的新担忧提振了一些居家公司的股价</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeloton shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session<blockquote>Peloton 股价走高，因为对 COVID-19 的新担忧提振了一些居家公司的股价</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-07-19 23:34</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>(July 19)&nbsp;This headline-only article is meant to show you<b>why a stock is moving</b>, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about onBenzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading.</p><p><blockquote>（7 月 19 日）这篇仅标题文章旨在向您展示<b>股票为何波动</b>，股票交易最难的方面。我们每天都会发布数百条关于任何催化剂的头条新闻，这些催化剂可能会推动您关心的股票 onBenzinga Pro，这是我们提供快速、可操作信息的旗舰平台，可促进更快、更智能的交易。</blockquote></p><p> Benzinga Prohas an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of professional and retail traders across the world.</p><p><blockquote>Benzinga Prohas 是一个设计直观的工作空间，可提供强大的市场洞察力，是全球成千上万的专业和零售商的首选解决方案。</blockquote></p><p> Stop Googling for information and check outBenzinga Pro. You will never again be left in the dark on when a stock moves. You’ll have what you need to act in real-time — before the crowd.</p><p><blockquote>停止谷歌搜索信息，看看outBenzinga Pro。当股票变动时，你再也不会被蒙在鼓里了。您将拥有在观众面前实时表演所需的一切。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aadc64d02cc064f139aaf6c6a9b3e259\" tg-width=\"709\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTON":"Peloton Interactive, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184844987","content_text":"(July 19) This headline-only article is meant to show youwhy a stock is moving, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about onBenzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading.\nBenzinga Prohas an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of professional and retail traders across the world.\nStop Googling for information and check outBenzinga Pro. You will never again be left in the dark on when a stock moves. You’ll have what you need to act in real-time — before the crowd.","news_type":1,"symbols_score_info":{"PTON":0.9}},"isVote":1,"tweetType":1,"viewCount":733,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144699832,"gmtCreate":1626277948026,"gmtModify":1633928303208,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"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/144699832","repostId":"1140509225","repostType":4,"isVote":1,"tweetType":1,"viewCount":763,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805870139,"gmtCreate":1627872437021,"gmtModify":1633755729774,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805870139","repostId":"2156164154","repostType":4,"repost":{"id":"2156164154","kind":"highlight","pubTimestamp":1627871495,"share":"https://www.laohunote.com/m/news/2156164154?lang=zh_CN&edition=full","pubTime":"2021-08-02 10:31","market":"us","language":"en","title":"Videogames entered the mainstream in the pandemic, but the industry faces a rough transition<blockquote>视频游戏在疫情中进入主流，但该行业面临着艰难的转型</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2156164154","media":"MarketWatch","summary":"Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a se","content":"<p>Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a sector that changed from a fun diversion to a gigantic industry during COVID-19 pandemic</p><p><blockquote>盈利观察：动视员工的反抗是该行业潜在艰难的成熟过程的一部分，该行业在 COVID-19 大流行期间从有趣的转移转变为巨大的产业</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26babe49763edc28e181f6b377b8e476\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"><span>MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>MARKETWATCH 照片插图/ISTOCKPHOTO</span></p></blockquote></p><p> For decades, Wall Street has viewed videogames like most Americans: A fun little diversion from everyday life, but not something to take too seriously.</p><p><blockquote>几十年来，华尔街和大多数美国人一样看待电子游戏：一种有趣的日常生活消遣，但不必太认真。</blockquote></p><p> The dynamic has been changing for years, and flipped permanently during the COVID-19 pandemic, which saw the videogame industry go far beyond just overtaking Hollywood in revenue and importance to the market -- depend on gamers for big revenue.</p><p><blockquote>这种动态多年来一直在发生变化，并在 COVID-19 大流行期间发生了永久性的逆转，视频游戏行业在收入和市场重要性方面远远超越了好莱坞，而是依靠游戏玩家获得巨额收入。</blockquote></p><p> With greater relevance comes greater scrutiny. Videogame studios have sometimes operated like the fun little diversions in product development, forming small groups willing to fail spectacularly in search of a big hit, while paying little and supervising employees even less. Those issues came to light again when the state of California recently sued Activision Blizzard, portraying a toxic workplace culture , French company Ubisoft Entertainment SA .</p><p><blockquote>相关性越大，审查就越多。视频游戏工作室有时会像产品开发中有趣的小消遣一样运作，形成小团体，愿意在寻找大受欢迎的过程中惨败，同时支付很少，对员工的监督更少。当加利福尼亚州最近起诉法国公司育碧娱乐公司（Ubisoft Entertainment SA）描绘有毒的工作场所文化时，这些问题再次暴露出来。</blockquote></p><p> Employees are not alone in seeking a change in practices in the videogame industry. MarketWatch readers may remember that Activision already faced a revolt from shareholders as well this year . Activision investors sent its stock to its worst week in more than a year amid the most recent controversy, down 8.6%, and shares are now down nearly 10% on the year despite strong growth.</p><p><blockquote>员工并不是唯一在寻求视频游戏行业改变做法的人。MarketWatch 读者可能还记得，动视今年也面临着股东的反抗。在最近的争议中，动视投资者将其股价推至一年多来最糟糕的一周，下跌了 8.6%，尽管增长强劲，但股价今年仍下跌了近 10%。</blockquote></p><p> Expectations for upcoming earnings reports show that Wall Street, like employees, are expecting these companies to show greater maturity. While the boom in videogames during the pandemic has brought new investors and attention, the companies are expected to struggle to show gains from last year as they lap the beginning of the COVID-19 pandemic.</p><p><blockquote>对即将发布的收益报告的预期表明，华尔街和员工一样，期待这些公司表现出更大的成熟度。虽然疫情期间视频游戏的繁荣带来了新的投资者和关注，但随着新冠肺炎疫情的开始，这些公司预计将难以实现去年的收益。</blockquote></p><p> While Cowen analyst Doug Creutz doesn't expect a major downturn in the third quarter, he cautioned in a recent note that investors \"may see some softening\" after a second quarter of beats, but believes fundamentals are strong \"with 2020's growth spurt due to shelter-in-place not appearing to reverse despite increasing levels of vaccination.\"</p><p><blockquote>虽然 Cowen 分析师 Doug Creutz 预计第三季度不会出现重大下滑，但他在最近的一份报告中警告说，在第二季度表现强劲后，投资者“可能会看到一些疲软”，但他认为基本面强劲，“由于 2020 年的增长激增”尽管疫苗接种水平不断提高，但就地避难所似乎并没有逆转。”</blockquote></p><p> Analysts also see the same problem that many gamers voice: The industry doesn't seem to be heading anywhere new and exciting, with sequels and retreads lining the release calendar, and potential next-generation technology such as augmented- and virtual-reality and streaming not looking strong enough yet to support a strong \"secular thesis,\" Creutz wrote.</p><p><blockquote>分析师也看到了许多游戏玩家所表达的同样的问题：该行业似乎并没有走向任何新的和令人兴奋的地方，续集和翻新版本排在发布日历上，增强和虚拟现实等潜在的下一代技术和流媒体看起来还不够强大克鲁茨写道，还不足以支持一个强大的“世俗论点”。</blockquote></p><p> VR, AR and other new technologies \"are good businesses, with above-GDP growth prospects for the foreseeable future (assuming competent execution), but we believe there is no shiny overarching thesis to bring new money in,\" Creutz said.</p><p><blockquote>Creutz 表示，VR、AR 和其他新技术“是很好的业务，在可预见的未来（假设执行得力）具有高于 GDP 的增长前景，但我们相信没有引入新资金的闪亮总体论点”。</blockquote></p><p> Creutz has outperform ratings on Take-<a href=\"https://laohu8.com/S/TWOA.U\">Two</a>, EA, and Zygna <a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>, but a market perform rating on Activision. All four of those companies will report earnings this week -- Take-<a href=\"https://laohu8.com/S/TWOA\">Two</a> on Monday, Activision on Tuesday, EA on Wednesday and Zynga on Thursday. Look for signs that the growth in videogames may slacken in the months ahead, and the companies themselves may be looking to change.</p><p><blockquote>Creutz 的评级跑赢大盘-<a href=\"https://laohu8.com/S/TWOA.U\">二</a>、EA和Zygna<a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>，但对动视暴雪的市场表现评级。这四家公司都将于本周公布财报——<a href=\"https://laohu8.com/S/TWOA\">二</a>周一，动视周二，艺电周三，Zynga周四。寻找视频游戏增长可能在未来几个月放缓的迹象，公司本身可能正在寻求改变。</blockquote></p><p> \"Ultimately, we think commentary about trends the companies are seeing in Q3 will be the most important factor during reporting season, with the potential to reassure investors that the gains in engagement and monetization made during the pandemic are in fact quite sticky,\" Creutz wrote.</p><p><blockquote>“最终，我们认为对公司在第三季度看到的趋势的评论将是报告季最重要的因素，有可能让投资者放心，大流行期间的参与度和货币化收益实际上相当粘性，”克罗茨写道。</blockquote></p><p> The numbers to watch</p><p><blockquote>值得关注的数字</blockquote></p><p></p><p> <ul>  <li><b>COVID-19 vaccine sales</b>. Moderna Inc.MRNAreports earnings on Thursday for the first time sincejoining the S&amp;P 500 indexSPX,and all eyes will be on the company’s sales of its COVID-19 vaccine. Pfizer Inc.PFEreported roughly $8 billion in vaccine sales, putting it on pace to approach $34 billion in annual sales. Pfizer confirmed plans to seek U.S. approval for a booster shot while confirming a higher per-shot price in a recent deal with the U.S., from $19.50 to $24, according to Mizuho Securities analysts. Investors, who have pushed Moderna shares up more than 377% in the past year, will be looking for similar information from executives.</li> </ul> <ul>  <li><b>Ride-hailing recovery.</b>Uber Technologies Inc.UBERand Lyft Inc.LYFTreport results this week, and both ride-hailing companies are trading lower than the prices commanded during their 2019 initial public offerings. The companies have been struggling to get drivers back in their cars while struggling to properly incorporate new pay practices in California. Investors will be looking for signs that some of the pandemic-related issues in ride-hailing are easing, while looking carefully at Uber’s expensive attempts to boost its other businesses.</li> </ul> The call to put on your calendar</p><p><blockquote><ul><li><b>新冠肺炎疫苗销售</b>. Moderna Inc.MRNA 将于周四公布自加入标普500指数 SPX 以来的首次财报，所有人的目光都将集中在该公司 COVID-19 疫苗的销售上。辉瑞公司报告的疫苗销售额约为 80 亿美元，年销售额有望接近 340 亿美元。瑞穗证券分析师表示，辉瑞确认计划寻求美国批准加强注射，同时确认在最近与美国达成的协议中提高每针注射的价格，从19.50美元提高到24美元。过去一年推动 Moderna 股价上涨超过 377% 的投资者将向高管寻求类似的信息。</li></ul><ul><li><b>网约车复苏。</b>Uber Technologies Inc. Uber 和Lyft公司 Lyf 本周公布了业绩，两家网约车公司的交易价格均低于 2019 年首次公开募股时的价格。这些公司一直在努力让司机回到他们的车里，同时努力在加州适当地纳入新的薪酬做法。投资者将寻找网约车行业一些与大流行病相关的问题正在缓解的迹象，同时仔细研究 Uber 为促进其他业务所做的昂贵努力。</li></ul>放在日历上的看涨期权</blockquote></p><p> <ul>  <li><b>Alibaba Group Holding LTD.</b>BABAAmid questions about the future of Chinese stocks listed on U.S. exchanges, the biggest of that group will report earnings Tuesday morning. Alibaba stock plunged 13.9% in July, its worst monthly performance in more than two years, even though analysts such as Raymond James’s Aaron Kessler say, “We believe most of these new regulations do not impact Alibaba.” Expect executives on the call Tuesday to address those concerns, while playing up the company’s quarterly performance, which included the 6/18 shopping event in China.</li> </ul> This week in earnings</p><p><blockquote><ul><li><b>阿里巴巴-SW集团控股有限公司</b>Babaam 对在美国交易所上市的中国股票的未来提出疑问，该集团中最大的一家将于周二上午公布财报。尽管 Raymond James 的 Aaron Kessler 等分析师表示，“我们认为这些新规大多不会影响阿里巴巴-SW”，但阿里巴巴-SW股价 7 月份暴跌 13.9%，创下两年多来最差的月度表现。预计周二在看涨期权上的高管们将解决这些担忧，同时渲染公司的季度业绩，其中包括 6/18 在华购物活动。</li></ul>本周收益</blockquote></p><p> Roughly 148 S&amp;P 500 companies are expected to report this week, according to FactSet, while only one Dow Jones Industrial AverageDJIAcomponent is on the calendar, Amgen Inc.&nbsp;Non Tuesday. The calendar is stacked with companies not in the major indexes, though, including Alibaba and Lyft on Tuesday, Uber on Wednesday, Beyond Meat Inc.&nbsp;Dand fresh spin-off Vimeo Inc.&nbsp;on Thursday, and DraftKings Inc.DKNGon Friday.</p><p><blockquote>根据 FactSet 的数据，预计本周将有约 148 家标普500公司发布财报，而只有一家道琼斯工业平均指数 (Dow Jones Industrial AveragedDJIA Component) 在日历上，安进公司 (Amgen Inc.) 不会在周二发布财报。不过，日历上堆满了不在主要指数中的公司，包括周二的阿里巴巴-SW和Lyft、周三的 Uber、周四的Beyond Meat和新分拆公司 Vimeo Inc.，以及周五的 DraftKings Inc.DKNG。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Videogames entered the mainstream in the pandemic, but the industry faces a rough transition<blockquote>视频游戏在疫情中进入主流，但该行业面临着艰难的转型</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\">\nVideogames entered the mainstream in the pandemic, but the industry faces a rough transition<blockquote>视频游戏在疫情中进入主流，但该行业面临着艰难的转型</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-02 10:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a sector that changed from a fun diversion to a gigantic industry during COVID-19 pandemic</p><p><blockquote>盈利观察：动视员工的反抗是该行业潜在艰难的成熟过程的一部分，该行业在 COVID-19 大流行期间从有趣的转移转变为巨大的产业</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26babe49763edc28e181f6b377b8e476\" tg-width=\"700\" tg-height=\"487\" width=\"100%\" height=\"auto\"><span>MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>MARKETWATCH 照片插图/ISTOCKPHOTO</span></p></blockquote></p><p> For decades, Wall Street has viewed videogames like most Americans: A fun little diversion from everyday life, but not something to take too seriously.</p><p><blockquote>几十年来，华尔街和大多数美国人一样看待电子游戏：一种有趣的日常生活消遣，但不必太认真。</blockquote></p><p> The dynamic has been changing for years, and flipped permanently during the COVID-19 pandemic, which saw the videogame industry go far beyond just overtaking Hollywood in revenue and importance to the market -- depend on gamers for big revenue.</p><p><blockquote>这种动态多年来一直在发生变化，并在 COVID-19 大流行期间发生了永久性的逆转，视频游戏行业在收入和市场重要性方面远远超越了好莱坞，而是依靠游戏玩家获得巨额收入。</blockquote></p><p> With greater relevance comes greater scrutiny. Videogame studios have sometimes operated like the fun little diversions in product development, forming small groups willing to fail spectacularly in search of a big hit, while paying little and supervising employees even less. Those issues came to light again when the state of California recently sued Activision Blizzard, portraying a toxic workplace culture , French company Ubisoft Entertainment SA .</p><p><blockquote>相关性越大，审查就越多。视频游戏工作室有时会像产品开发中有趣的小消遣一样运作，形成小团体，愿意在寻找大受欢迎的过程中惨败，同时支付很少，对员工的监督更少。当加利福尼亚州最近起诉法国公司育碧娱乐公司（Ubisoft Entertainment SA）描绘有毒的工作场所文化时，这些问题再次暴露出来。</blockquote></p><p> Employees are not alone in seeking a change in practices in the videogame industry. MarketWatch readers may remember that Activision already faced a revolt from shareholders as well this year . Activision investors sent its stock to its worst week in more than a year amid the most recent controversy, down 8.6%, and shares are now down nearly 10% on the year despite strong growth.</p><p><blockquote>员工并不是唯一在寻求视频游戏行业改变做法的人。MarketWatch 读者可能还记得，动视今年也面临着股东的反抗。在最近的争议中，动视投资者将其股价推至一年多来最糟糕的一周，下跌了 8.6%，尽管增长强劲，但股价今年仍下跌了近 10%。</blockquote></p><p> Expectations for upcoming earnings reports show that Wall Street, like employees, are expecting these companies to show greater maturity. While the boom in videogames during the pandemic has brought new investors and attention, the companies are expected to struggle to show gains from last year as they lap the beginning of the COVID-19 pandemic.</p><p><blockquote>对即将发布的收益报告的预期表明，华尔街和员工一样，期待这些公司表现出更大的成熟度。虽然疫情期间视频游戏的繁荣带来了新的投资者和关注，但随着新冠肺炎疫情的开始，这些公司预计将难以实现去年的收益。</blockquote></p><p> While Cowen analyst Doug Creutz doesn't expect a major downturn in the third quarter, he cautioned in a recent note that investors \"may see some softening\" after a second quarter of beats, but believes fundamentals are strong \"with 2020's growth spurt due to shelter-in-place not appearing to reverse despite increasing levels of vaccination.\"</p><p><blockquote>虽然 Cowen 分析师 Doug Creutz 预计第三季度不会出现重大下滑，但他在最近的一份报告中警告说，在第二季度表现强劲后，投资者“可能会看到一些疲软”，但他认为基本面强劲，“由于 2020 年的增长激增”尽管疫苗接种水平不断提高，但就地避难所似乎并没有逆转。”</blockquote></p><p> Analysts also see the same problem that many gamers voice: The industry doesn't seem to be heading anywhere new and exciting, with sequels and retreads lining the release calendar, and potential next-generation technology such as augmented- and virtual-reality and streaming not looking strong enough yet to support a strong \"secular thesis,\" Creutz wrote.</p><p><blockquote>分析师也看到了许多游戏玩家所表达的同样的问题：该行业似乎并没有走向任何新的和令人兴奋的地方，续集和翻新版本排在发布日历上，增强和虚拟现实等潜在的下一代技术和流媒体看起来还不够强大克鲁茨写道，还不足以支持一个强大的“世俗论点”。</blockquote></p><p> VR, AR and other new technologies \"are good businesses, with above-GDP growth prospects for the foreseeable future (assuming competent execution), but we believe there is no shiny overarching thesis to bring new money in,\" Creutz said.</p><p><blockquote>Creutz 表示，VR、AR 和其他新技术“是很好的业务，在可预见的未来（假设执行得力）具有高于 GDP 的增长前景，但我们相信没有引入新资金的闪亮总体论点”。</blockquote></p><p> Creutz has outperform ratings on Take-<a href=\"https://laohu8.com/S/TWOA.U\">Two</a>, EA, and Zygna <a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>, but a market perform rating on Activision. All four of those companies will report earnings this week -- Take-<a href=\"https://laohu8.com/S/TWOA\">Two</a> on Monday, Activision on Tuesday, EA on Wednesday and Zynga on Thursday. Look for signs that the growth in videogames may slacken in the months ahead, and the companies themselves may be looking to change.</p><p><blockquote>Creutz 的评级跑赢大盘-<a href=\"https://laohu8.com/S/TWOA.U\">二</a>、EA和Zygna<a href=\"https://laohu8.com/S/ZNGA\">$(ZNGA)$</a>，但对动视暴雪的市场表现评级。这四家公司都将于本周公布财报——<a href=\"https://laohu8.com/S/TWOA\">二</a>周一，动视周二，艺电周三，Zynga周四。寻找视频游戏增长可能在未来几个月放缓的迹象，公司本身可能正在寻求改变。</blockquote></p><p> \"Ultimately, we think commentary about trends the companies are seeing in Q3 will be the most important factor during reporting season, with the potential to reassure investors that the gains in engagement and monetization made during the pandemic are in fact quite sticky,\" Creutz wrote.</p><p><blockquote>“最终，我们认为对公司在第三季度看到的趋势的评论将是报告季最重要的因素，有可能让投资者放心，大流行期间的参与度和货币化收益实际上相当粘性，”克罗茨写道。</blockquote></p><p> The numbers to watch</p><p><blockquote>值得关注的数字</blockquote></p><p></p><p> <ul>  <li><b>COVID-19 vaccine sales</b>. Moderna Inc.MRNAreports earnings on Thursday for the first time sincejoining the S&amp;P 500 indexSPX,and all eyes will be on the company’s sales of its COVID-19 vaccine. Pfizer Inc.PFEreported roughly $8 billion in vaccine sales, putting it on pace to approach $34 billion in annual sales. Pfizer confirmed plans to seek U.S. approval for a booster shot while confirming a higher per-shot price in a recent deal with the U.S., from $19.50 to $24, according to Mizuho Securities analysts. Investors, who have pushed Moderna shares up more than 377% in the past year, will be looking for similar information from executives.</li> </ul> <ul>  <li><b>Ride-hailing recovery.</b>Uber Technologies Inc.UBERand Lyft Inc.LYFTreport results this week, and both ride-hailing companies are trading lower than the prices commanded during their 2019 initial public offerings. The companies have been struggling to get drivers back in their cars while struggling to properly incorporate new pay practices in California. Investors will be looking for signs that some of the pandemic-related issues in ride-hailing are easing, while looking carefully at Uber’s expensive attempts to boost its other businesses.</li> </ul> The call to put on your calendar</p><p><blockquote><ul><li><b>新冠肺炎疫苗销售</b>. Moderna Inc.MRNA 将于周四公布自加入标普500指数 SPX 以来的首次财报，所有人的目光都将集中在该公司 COVID-19 疫苗的销售上。辉瑞公司报告的疫苗销售额约为 80 亿美元，年销售额有望接近 340 亿美元。瑞穗证券分析师表示，辉瑞确认计划寻求美国批准加强注射，同时确认在最近与美国达成的协议中提高每针注射的价格，从19.50美元提高到24美元。过去一年推动 Moderna 股价上涨超过 377% 的投资者将向高管寻求类似的信息。</li></ul><ul><li><b>网约车复苏。</b>Uber Technologies Inc. Uber 和Lyft公司 Lyf 本周公布了业绩，两家网约车公司的交易价格均低于 2019 年首次公开募股时的价格。这些公司一直在努力让司机回到他们的车里，同时努力在加州适当地纳入新的薪酬做法。投资者将寻找网约车行业一些与大流行病相关的问题正在缓解的迹象，同时仔细研究 Uber 为促进其他业务所做的昂贵努力。</li></ul>放在日历上的看涨期权</blockquote></p><p> <ul>  <li><b>Alibaba Group Holding LTD.</b>BABAAmid questions about the future of Chinese stocks listed on U.S. exchanges, the biggest of that group will report earnings Tuesday morning. Alibaba stock plunged 13.9% in July, its worst monthly performance in more than two years, even though analysts such as Raymond James’s Aaron Kessler say, “We believe most of these new regulations do not impact Alibaba.” Expect executives on the call Tuesday to address those concerns, while playing up the company’s quarterly performance, which included the 6/18 shopping event in China.</li> </ul> This week in earnings</p><p><blockquote><ul><li><b>阿里巴巴-SW集团控股有限公司</b>Babaam 对在美国交易所上市的中国股票的未来提出疑问，该集团中最大的一家将于周二上午公布财报。尽管 Raymond James 的 Aaron Kessler 等分析师表示，“我们认为这些新规大多不会影响阿里巴巴-SW”，但阿里巴巴-SW股价 7 月份暴跌 13.9%，创下两年多来最差的月度表现。预计周二在看涨期权上的高管们将解决这些担忧，同时渲染公司的季度业绩，其中包括 6/18 在华购物活动。</li></ul>本周收益</blockquote></p><p> Roughly 148 S&amp;P 500 companies are expected to report this week, according to FactSet, while only one Dow Jones Industrial AverageDJIAcomponent is on the calendar, Amgen Inc.&nbsp;Non Tuesday. The calendar is stacked with companies not in the major indexes, though, including Alibaba and Lyft on Tuesday, Uber on Wednesday, Beyond Meat Inc.&nbsp;Dand fresh spin-off Vimeo Inc.&nbsp;on Thursday, and DraftKings Inc.DKNGon Friday.</p><p><blockquote>根据 FactSet 的数据，预计本周将有约 148 家标普500公司发布财报，而只有一家道琼斯工业平均指数 (Dow Jones Industrial AveragedDJIA Component) 在日历上，安进公司 (Amgen Inc.) 不会在周二发布财报。不过，日历上堆满了不在主要指数中的公司，包括周二的阿里巴巴-SW和Lyft、周三的 Uber、周四的Beyond Meat和新分拆公司 Vimeo Inc.，以及周五的 DraftKings Inc.DKNG。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/videogames-entered-the-mainstream-in-the-pandemic-but-the-industry-faces-a-rough-transition-11627854805?mod=newsviewer_click\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","BABA":"阿里巴巴","LYFT":"Lyft, Inc.","EA":"艺电","09988":"阿里巴巴-W","UBER":"优步","QNETCN":"纳斯达克中美互联网老虎指数","TTWO":"Take-Two Interactive Software"},"source_url":"https://www.marketwatch.com/story/videogames-entered-the-mainstream-in-the-pandemic-but-the-industry-faces-a-rough-transition-11627854805?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156164154","content_text":"Earnings Watch: Activision employees' revolt part of a potentially rough maturation process for a sector that changed from a fun diversion to a gigantic industry during COVID-19 pandemic\nMARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO\nFor decades, Wall Street has viewed videogames like most Americans: A fun little diversion from everyday life, but not something to take too seriously.\nThe dynamic has been changing for years, and flipped permanently during the COVID-19 pandemic, which saw the videogame industry go far beyond just overtaking Hollywood in revenue and importance to the market -- depend on gamers for big revenue.\nWith greater relevance comes greater scrutiny. Videogame studios have sometimes operated like the fun little diversions in product development, forming small groups willing to fail spectacularly in search of a big hit, while paying little and supervising employees even less. Those issues came to light again when the state of California recently sued Activision Blizzard, portraying a toxic workplace culture , French company Ubisoft Entertainment SA .\nEmployees are not alone in seeking a change in practices in the videogame industry. MarketWatch readers may remember that Activision already faced a revolt from shareholders as well this year . Activision investors sent its stock to its worst week in more than a year amid the most recent controversy, down 8.6%, and shares are now down nearly 10% on the year despite strong growth.\nExpectations for upcoming earnings reports show that Wall Street, like employees, are expecting these companies to show greater maturity. While the boom in videogames during the pandemic has brought new investors and attention, the companies are expected to struggle to show gains from last year as they lap the beginning of the COVID-19 pandemic.\nWhile Cowen analyst Doug Creutz doesn't expect a major downturn in the third quarter, he cautioned in a recent note that investors \"may see some softening\" after a second quarter of beats, but believes fundamentals are strong \"with 2020's growth spurt due to shelter-in-place not appearing to reverse despite increasing levels of vaccination.\"\nAnalysts also see the same problem that many gamers voice: The industry doesn't seem to be heading anywhere new and exciting, with sequels and retreads lining the release calendar, and potential next-generation technology such as augmented- and virtual-reality and streaming not looking strong enough yet to support a strong \"secular thesis,\" Creutz wrote.\nVR, AR and other new technologies \"are good businesses, with above-GDP growth prospects for the foreseeable future (assuming competent execution), but we believe there is no shiny overarching thesis to bring new money in,\" Creutz said.\nCreutz has outperform ratings on Take-Two, EA, and Zygna $(ZNGA)$, but a market perform rating on Activision. All four of those companies will report earnings this week -- Take-Two on Monday, Activision on Tuesday, EA on Wednesday and Zynga on Thursday. Look for signs that the growth in videogames may slacken in the months ahead, and the companies themselves may be looking to change.\n\"Ultimately, we think commentary about trends the companies are seeing in Q3 will be the most important factor during reporting season, with the potential to reassure investors that the gains in engagement and monetization made during the pandemic are in fact quite sticky,\" Creutz wrote.\nThe numbers to watch\n\nCOVID-19 vaccine sales. Moderna Inc.MRNAreports earnings on Thursday for the first time sincejoining the S&P 500 indexSPX,and all eyes will be on the company’s sales of its COVID-19 vaccine. Pfizer Inc.PFEreported roughly $8 billion in vaccine sales, putting it on pace to approach $34 billion in annual sales. Pfizer confirmed plans to seek U.S. approval for a booster shot while confirming a higher per-shot price in a recent deal with the U.S., from $19.50 to $24, according to Mizuho Securities analysts. Investors, who have pushed Moderna shares up more than 377% in the past year, will be looking for similar information from executives.\n\n\nRide-hailing recovery.Uber Technologies Inc.UBERand Lyft Inc.LYFTreport results this week, and both ride-hailing companies are trading lower than the prices commanded during their 2019 initial public offerings. The companies have been struggling to get drivers back in their cars while struggling to properly incorporate new pay practices in California. Investors will be looking for signs that some of the pandemic-related issues in ride-hailing are easing, while looking carefully at Uber’s expensive attempts to boost its other businesses.\n\nThe call to put on your calendar\n\nAlibaba Group Holding LTD.BABAAmid questions about the future of Chinese stocks listed on U.S. exchanges, the biggest of that group will report earnings Tuesday morning. Alibaba stock plunged 13.9% in July, its worst monthly performance in more than two years, even though analysts such as Raymond James’s Aaron Kessler say, “We believe most of these new regulations do not impact Alibaba.” Expect executives on the call Tuesday to address those concerns, while playing up the company’s quarterly performance, which included the 6/18 shopping event in China.\n\nThis week in earnings\nRoughly 148 S&P 500 companies are expected to report this week, according to FactSet, while only one Dow Jones Industrial AverageDJIAcomponent is on the calendar, Amgen Inc. Non Tuesday. The calendar is stacked with companies not in the major indexes, though, including Alibaba and Lyft on Tuesday, Uber on Wednesday, Beyond Meat Inc. Dand fresh spin-off Vimeo Inc. on Thursday, and DraftKings Inc.DKNGon Friday.","news_type":1,"symbols_score_info":{"09988":0.9,"ATVI":0.9,"MRNA":0.9,"QNETCN":0.9,"TTWO":0.9,"UBER":0.9,"EA":0.9,"LYFT":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":3476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805844932,"gmtCreate":1627872316426,"gmtModify":1633755731257,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805844932","repostId":"1146276909","repostType":4,"isVote":1,"tweetType":1,"viewCount":2392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806245467,"gmtCreate":1627660967359,"gmtModify":1633757301199,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/806245467","repostId":"2155377091","repostType":4,"isVote":1,"tweetType":1,"viewCount":732,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807409207,"gmtCreate":1628047030109,"gmtModify":1633754059194,"author":{"id":"4087363009136950","authorId":"4087363009136950","name":"KSVP","avatar":"https://static.tigerbbs.com/7e5eb5583881b6f98b461e5f57467282","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087363009136950","idStr":"4087363009136950"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807409207","repostId":"2156312793","repostType":4,"isVote":1,"tweetType":1,"viewCount":1840,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}