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2021-12-07

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Jumia shares jumped nearly 12% in premarket trading<blockquote>Jumia 股价在盘前交易中上涨近 12%</blockquote>

2021-12-07

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2021-10-26

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2021-11-03

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Apple Stock: How Does Transition Away From Intel Chips Impact Business Outlook?<blockquote>苹果股票：放弃英特尔芯片如何影响商业前景？</blockquote>

2021-10-23

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2021-10-03

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2021-10-23

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2021-10-17

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2021-11-05

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2021-11-03

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Sea Limited stock rose 1.8% to return to $360<blockquote>Sea Limited 股价上涨 1.8%，重返 360 美元</blockquote>

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Ipsen and GENFIT reported an exclusive","content":"<p><div> Gainers  Genfit SA rose 47.5% to $4.90 in pre-market trading. Ipsen and GENFIT reported an exclusive licensing agreement for Elafibranor. Spruce Biosciences, Inc. rose 23% to $3.05 in pre-market ...</p><p><blockquote><div>Gainers Genfit SA 在盘前交易中上涨 47.5%，至 4.90 美元。益普生和GENFIT报告了Elafibranor的独家许可协议。云杉生物科学公司在盘前上涨23%，至3.05美元……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>18 Stocks Moving in Friday's Pre-Market Session<blockquote>周五盘前交易中 18 只股票走势</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\">\n18 Stocks Moving in Friday's Pre-Market Session<blockquote>周五盘前交易中 18 只股票走势</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-12-17 20:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Gainers  Genfit SA rose 47.5% to $4.90 in pre-market trading. Ipsen and GENFIT reported an exclusive licensing agreement for Elafibranor. Spruce Biosciences, Inc. rose 23% to $3.05 in pre-market ...</p><p><blockquote><div>Gainers Genfit SA 在盘前交易中上涨 47.5%，至 4.90 美元。益普生和GENFIT报告了Elafibranor的独家许可协议。云杉生物科学公司在盘前上涨23%，至3.05美元……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">Benzinga</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":{"RIVN":"Rivian Automotive, Inc.","FDX":"联邦快递"},"source_url":"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145204936","content_text":"Gainers\n\nGenfit SA rose 47.5% to $4.90 in pre-market trading. Ipsen and GENFIT reported an exclusive licensing agreement for Elafibranor.\nSpruce Biosciences, Inc. rose 23% to $3.05 in pre-market trading on reports suggesting Oppenheimer initiated coverage on the stock with an Outperform rating and announced a $15 price target.\nCerner Corporation rose 15.9% to $92.10 in pre-market trading. Oracle is in talks to acquire Cerner, The Wall Street Journal reported.\nMoxian (BVI) Inc rose 15.2% to $4.85 in pre-market trading after dropping 8% on Thursday.\nAdagio Therapeutics, Inc. rose 12.8% to $16.00 in pre-market trading after jumping 123% on Thursday.\nObsEva SA rose 7.3% to $2.35 in pre-market trading after the company reported positive CHMP opinion for Linzagolix, an oral GnRH antagonist, for the treatment of uterine fibroids.\nBEST Inc. rose 6.8% to $0.94 in pre-market trading. BEST completed the sale of its Express business in China.\nCalliditas Therapeutics AB rose 5.8% to $24.26 in pre-market trading. Calliditas Therapeutics shares jumped 22% on Thursday after the company announced it was granted by the FDA accelerated approval of TARPEYO to reduce proteinuria in lgA nephropathy.\nSino-Global Shipping America, Ltd. rose 5.6% to $3.80 in pre-market trading. Sino-Global Shipping America, last month, named Mr. Shi Qiu as Chief Technical Officer.\nFedEx Corporation rose 5% to $250.32 in pre-market trading after the company reported better-than-expected results for its second quarter and boosted its FY22 earnings guidance. The company also reported a $5 billion buyback, including $1.5 billion accelerated buyback program.\n\nLosers\n\nAbeona Therapeutics Inc. fell 24.8% to $0.3670 in pre-market trading after the company announced a common stock offering.\nION Geophysical Corporation fell 16.7% to $1.15 in pre-market trading. ION Geophysical, last month, reported Q3 EPS of $0.05.\nRivian Automotive, Inc. shares fell 9.5% to $98.41 in pre-market trading after the company reported Q3 earnings results and said it expects to be a few hundred vehicles short of its 2021 production target of 1,200 vehicles.\nJupai Holdings LimitedJP+0.95%shares fell 8.6% to $0.96 in pre-market trading.\nSeaChange International, Inc. fell 7.8% to $1.54 in pre-market trading. SeaChange International recently reported better-than-expected Q3 results..\nKiora Pharmaceuticals, Inc. shares fell 7.8% to $0.8026 in pre-market trading.\nKaixin Auto Holdings shares fell 7.7% to $1.56 in pre-market trading. Kaixin Auto shares jumped 36% on Thursday after the company announced an agreement with Bujia, which agreed to order at least 10,000 new energy trucks from Kaixin in the next five years.\nUnited States Steel Corporation fell 5.7% to $22.12 in pre-market trading. United States Steel said it projects adjusted earnings before interest, taxes, depreciation and amortization of around $1.65 billion for the fourth quarter, versus analysts’ estimates of $2.13 billion amid a slowdown in orders.","news_type":1,"symbols_score_info":{"X":0.9,"RIVN":0.9,"FDX":0.9,"CERN":0.9}},"isVote":1,"tweetType":1,"viewCount":4092,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699334502,"gmtCreate":1639747991802,"gmtModify":1639748002835,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699334502","repostId":"1145204936","repostType":4,"repost":{"id":"1145204936","kind":"news","pubTimestamp":1639743092,"share":"https://www.laohunote.com/m/news/1145204936?lang=zh_CN&edition=full","pubTime":"2021-12-17 20:11","market":"us","language":"en","title":"18 Stocks Moving in Friday's Pre-Market Session<blockquote>周五盘前交易中 18 只股票走势</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145204936","media":"Benzinga","summary":"Gainers\n\nGenfit SA rose 47.5% to $4.90 in pre-market trading. Ipsen and GENFIT reported an exclusive","content":"<p><div> Gainers  Genfit SA rose 47.5% to $4.90 in pre-market trading. Ipsen and GENFIT reported an exclusive licensing agreement for Elafibranor. Spruce Biosciences, Inc. rose 23% to $3.05 in pre-market ...</p><p><blockquote><div>Gainers Genfit SA 在盘前交易中上涨 47.5%，至 4.90 美元。益普生和GENFIT报告了Elafibranor的独家许可协议。云杉生物科学公司在盘前上涨23%，至3.05美元……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>18 Stocks Moving in Friday's Pre-Market Session<blockquote>周五盘前交易中 18 只股票走势</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\">\n18 Stocks Moving in Friday's Pre-Market Session<blockquote>周五盘前交易中 18 只股票走势</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-12-17 20:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Gainers  Genfit SA rose 47.5% to $4.90 in pre-market trading. Ipsen and GENFIT reported an exclusive licensing agreement for Elafibranor. Spruce Biosciences, Inc. rose 23% to $3.05 in pre-market ...</p><p><blockquote><div>Gainers Genfit SA 在盘前交易中上涨 47.5%，至 4.90 美元。益普生和GENFIT报告了Elafibranor的独家许可协议。云杉生物科学公司在盘前上涨23%，至3.05美元……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">Benzinga</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":{"RIVN":"Rivian Automotive, Inc.","FDX":"联邦快递"},"source_url":"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145204936","content_text":"Gainers\n\nGenfit SA rose 47.5% to $4.90 in pre-market trading. Ipsen and GENFIT reported an exclusive licensing agreement for Elafibranor.\nSpruce Biosciences, Inc. rose 23% to $3.05 in pre-market trading on reports suggesting Oppenheimer initiated coverage on the stock with an Outperform rating and announced a $15 price target.\nCerner Corporation rose 15.9% to $92.10 in pre-market trading. Oracle is in talks to acquire Cerner, The Wall Street Journal reported.\nMoxian (BVI) Inc rose 15.2% to $4.85 in pre-market trading after dropping 8% on Thursday.\nAdagio Therapeutics, Inc. rose 12.8% to $16.00 in pre-market trading after jumping 123% on Thursday.\nObsEva SA rose 7.3% to $2.35 in pre-market trading after the company reported positive CHMP opinion for Linzagolix, an oral GnRH antagonist, for the treatment of uterine fibroids.\nBEST Inc. rose 6.8% to $0.94 in pre-market trading. BEST completed the sale of its Express business in China.\nCalliditas Therapeutics AB rose 5.8% to $24.26 in pre-market trading. Calliditas Therapeutics shares jumped 22% on Thursday after the company announced it was granted by the FDA accelerated approval of TARPEYO to reduce proteinuria in lgA nephropathy.\nSino-Global Shipping America, Ltd. rose 5.6% to $3.80 in pre-market trading. Sino-Global Shipping America, last month, named Mr. Shi Qiu as Chief Technical Officer.\nFedEx Corporation rose 5% to $250.32 in pre-market trading after the company reported better-than-expected results for its second quarter and boosted its FY22 earnings guidance. The company also reported a $5 billion buyback, including $1.5 billion accelerated buyback program.\n\nLosers\n\nAbeona Therapeutics Inc. fell 24.8% to $0.3670 in pre-market trading after the company announced a common stock offering.\nION Geophysical Corporation fell 16.7% to $1.15 in pre-market trading. ION Geophysical, last month, reported Q3 EPS of $0.05.\nRivian Automotive, Inc. shares fell 9.5% to $98.41 in pre-market trading after the company reported Q3 earnings results and said it expects to be a few hundred vehicles short of its 2021 production target of 1,200 vehicles.\nJupai Holdings LimitedJP+0.95%shares fell 8.6% to $0.96 in pre-market trading.\nSeaChange International, Inc. fell 7.8% to $1.54 in pre-market trading. SeaChange International recently reported better-than-expected Q3 results..\nKiora Pharmaceuticals, Inc. shares fell 7.8% to $0.8026 in pre-market trading.\nKaixin Auto Holdings shares fell 7.7% to $1.56 in pre-market trading. Kaixin Auto shares jumped 36% on Thursday after the company announced an agreement with Bujia, which agreed to order at least 10,000 new energy trucks from Kaixin in the next five years.\nUnited States Steel Corporation fell 5.7% to $22.12 in pre-market trading. United States Steel said it projects adjusted earnings before interest, taxes, depreciation and amortization of around $1.65 billion for the fourth quarter, versus analysts’ estimates of $2.13 billion amid a slowdown in orders.","news_type":1,"symbols_score_info":{"X":0.9,"RIVN":0.9,"FDX":0.9,"CERN":0.9}},"isVote":1,"tweetType":1,"viewCount":3792,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699335724,"gmtCreate":1639747938160,"gmtModify":1639747938252,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699335724","repostId":"1145204936","repostType":4,"repost":{"id":"1145204936","kind":"news","pubTimestamp":1639743092,"share":"https://www.laohunote.com/m/news/1145204936?lang=zh_CN&edition=full","pubTime":"2021-12-17 20:11","market":"us","language":"en","title":"18 Stocks Moving in Friday's Pre-Market Session<blockquote>周五盘前交易中 18 只股票走势</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145204936","media":"Benzinga","summary":"Gainers\n\nGenfit SA rose 47.5% to $4.90 in pre-market trading. Ipsen and GENFIT reported an exclusive","content":"<p><div> Gainers  Genfit SA rose 47.5% to $4.90 in pre-market trading. Ipsen and GENFIT reported an exclusive licensing agreement for Elafibranor. Spruce Biosciences, Inc. rose 23% to $3.05 in pre-market ...</p><p><blockquote><div>Gainers Genfit SA 在盘前交易中上涨 47.5%，至 4.90 美元。益普生和GENFIT报告了Elafibranor的独家许可协议。云杉生物科学公司在盘前上涨23%，至3.05美元……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>18 Stocks Moving in Friday's Pre-Market Session<blockquote>周五盘前交易中 18 只股票走势</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\">\n18 Stocks Moving in Friday's Pre-Market Session<blockquote>周五盘前交易中 18 只股票走势</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-12-17 20:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Gainers  Genfit SA rose 47.5% to $4.90 in pre-market trading. Ipsen and GENFIT reported an exclusive licensing agreement for Elafibranor. Spruce Biosciences, Inc. rose 23% to $3.05 in pre-market ...</p><p><blockquote><div>Gainers Genfit SA 在盘前交易中上涨 47.5%，至 4.90 美元。益普生和GENFIT报告了Elafibranor的独家许可协议。云杉生物科学公司在盘前上涨23%，至3.05美元……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session\">Benzinga</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":{"RIVN":"Rivian Automotive, Inc.","FDX":"联邦快递"},"source_url":"https://www.benzinga.com/news/21/12/24665857/20-stocks-moving-in-fridays-pre-market-session","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145204936","content_text":"Gainers\n\nGenfit SA rose 47.5% to $4.90 in pre-market trading. Ipsen and GENFIT reported an exclusive licensing agreement for Elafibranor.\nSpruce Biosciences, Inc. rose 23% to $3.05 in pre-market trading on reports suggesting Oppenheimer initiated coverage on the stock with an Outperform rating and announced a $15 price target.\nCerner Corporation rose 15.9% to $92.10 in pre-market trading. Oracle is in talks to acquire Cerner, The Wall Street Journal reported.\nMoxian (BVI) Inc rose 15.2% to $4.85 in pre-market trading after dropping 8% on Thursday.\nAdagio Therapeutics, Inc. rose 12.8% to $16.00 in pre-market trading after jumping 123% on Thursday.\nObsEva SA rose 7.3% to $2.35 in pre-market trading after the company reported positive CHMP opinion for Linzagolix, an oral GnRH antagonist, for the treatment of uterine fibroids.\nBEST Inc. rose 6.8% to $0.94 in pre-market trading. BEST completed the sale of its Express business in China.\nCalliditas Therapeutics AB rose 5.8% to $24.26 in pre-market trading. Calliditas Therapeutics shares jumped 22% on Thursday after the company announced it was granted by the FDA accelerated approval of TARPEYO to reduce proteinuria in lgA nephropathy.\nSino-Global Shipping America, Ltd. rose 5.6% to $3.80 in pre-market trading. Sino-Global Shipping America, last month, named Mr. Shi Qiu as Chief Technical Officer.\nFedEx Corporation rose 5% to $250.32 in pre-market trading after the company reported better-than-expected results for its second quarter and boosted its FY22 earnings guidance. The company also reported a $5 billion buyback, including $1.5 billion accelerated buyback program.\n\nLosers\n\nAbeona Therapeutics Inc. fell 24.8% to $0.3670 in pre-market trading after the company announced a common stock offering.\nION Geophysical Corporation fell 16.7% to $1.15 in pre-market trading. ION Geophysical, last month, reported Q3 EPS of $0.05.\nRivian Automotive, Inc. shares fell 9.5% to $98.41 in pre-market trading after the company reported Q3 earnings results and said it expects to be a few hundred vehicles short of its 2021 production target of 1,200 vehicles.\nJupai Holdings LimitedJP+0.95%shares fell 8.6% to $0.96 in pre-market trading.\nSeaChange International, Inc. fell 7.8% to $1.54 in pre-market trading. SeaChange International recently reported better-than-expected Q3 results..\nKiora Pharmaceuticals, Inc. shares fell 7.8% to $0.8026 in pre-market trading.\nKaixin Auto Holdings shares fell 7.7% to $1.56 in pre-market trading. Kaixin Auto shares jumped 36% on Thursday after the company announced an agreement with Bujia, which agreed to order at least 10,000 new energy trucks from Kaixin in the next five years.\nUnited States Steel Corporation fell 5.7% to $22.12 in pre-market trading. United States Steel said it projects adjusted earnings before interest, taxes, depreciation and amortization of around $1.65 billion for the fourth quarter, versus analysts’ estimates of $2.13 billion amid a slowdown in orders.","news_type":1,"symbols_score_info":{"X":0.9,"RIVN":0.9,"FDX":0.9,"CERN":0.9}},"isVote":1,"tweetType":1,"viewCount":4247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604930567,"gmtCreate":1639300604985,"gmtModify":1639300605075,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604930567","repostId":"1133845166","repostType":4,"repost":{"id":"1133845166","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639130022,"share":"https://www.laohunote.com/m/news/1133845166?lang=zh_CN&edition=full","pubTime":"2021-12-10 17:53","market":"us","language":"en","title":"Grab shares dropped another 2% in premarket trading<blockquote>Grab 股价在盘前交易中又下跌 2%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133845166","media":"Tiger Newspress","summary":"Grab shares dropped another 2% in premarket trading.The stock fell more than 9% yesterday.","content":"<p>Grab shares dropped another 2% in premarket trading.The stock fell more than 9% yesterday.</p><p><blockquote>Grab 股价在盘前交易中又下跌 2%。该股昨天下跌超过9%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c53085cee57f6060446a02aa58e6a691\" tg-width=\"843\" tg-height=\"619\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab shares dropped another 2% in premarket trading<blockquote>Grab 股价在盘前交易中又下跌 2%</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\">\nGrab shares dropped another 2% in premarket trading<blockquote>Grab 股价在盘前交易中又下跌 2%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-10 17:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Grab shares dropped another 2% in premarket trading.The stock fell more than 9% yesterday.</p><p><blockquote>Grab 股价在盘前交易中又下跌 2%。该股昨天下跌超过9%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c53085cee57f6060446a02aa58e6a691\" tg-width=\"843\" tg-height=\"619\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133845166","content_text":"Grab shares dropped another 2% in premarket trading.The stock fell more than 9% yesterday.","news_type":1,"symbols_score_info":{"GRAB":0.9}},"isVote":1,"tweetType":1,"viewCount":3252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604930277,"gmtCreate":1639300585405,"gmtModify":1639300585497,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604930277","repostId":"1139373784","repostType":4,"isVote":1,"tweetType":1,"viewCount":3420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604930166,"gmtCreate":1639300521253,"gmtModify":1639300521383,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604930166","repostId":"1112170047","repostType":4,"repost":{"id":"1112170047","kind":"news","pubTimestamp":1639145272,"share":"https://www.laohunote.com/m/news/1112170047?lang=zh_CN&edition=full","pubTime":"2021-12-10 22:07","market":"us","language":"en","title":"Here Are the Cheapest Stocks in Each Sector of the S&P 500<blockquote>以下是标普500每个板块中最便宜的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112170047","media":"Barrons","summary":"The S&P 500 continues to trade at the very high end of its historical valuation range, even after a ","content":"<p>The&nbsp;S&amp;P 500&nbsp;continues to trade at the very high end of its historical valuation range, even after a rocky November.</p><p><blockquote>即使在经历了艰难的 11 月份之后，标普500仍继续处于历史估值范围的高端。</blockquote></p><p> The index goes for about 21 times Wall Street analysts’ consensus estimates for 2022 per-share earnings, with sectors like technology and consumer discretionary going for well above that multiple. Other groups, like energy or financials, are available for much cheaper valuations.</p><p><blockquote>该指数约为华尔街分析师对 2022 年每股收益的一致预期的 21 倍，其中科技和非必需消费品等行业的估值远高于这一倍数。能源或金融等其他类别的估值要便宜得多。</blockquote></p><p> But there are inexpensive stocks in all 11 S&amp;P 500 sectors. Like a basketball player who is always open, there might be a good reason for many of those discounts. Just as opposing teams are sometimes better off concentrating their defense elsewhere on the court, some companies’ stocks can be cheap for a reason. Their growth may be scarce, or one-time factors could be distorting expected 2022 results.</p><p><blockquote>但所有 11 个标普500行业都有便宜的股票。就像一个总是开放的篮球运动员一样，许多折扣可能有一个很好的理由。正如对方球队有时最好将防守集中在球场上的其他地方一样，有些公司的股价便宜也是有原因的。它们的增长可能很少，或者一次性因素可能会扭曲 2022 年的预期结果。</blockquote></p><p> Periodically surveying the market for the biggest valuation outliers can still be a good starting point for further analysis. Here are the three cheapest stocks in all 11 S&amp;P 500 sectors:</p><p><blockquote>定期调查市场中最大的估值异常值仍然是进一步分析的良好起点。以下是标普500所有 11 个板块中最便宜的三只股票：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8e71b28f070e8af15d7a7960625e7bd9\" tg-width=\"1127\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/dde0405e86833ecd15f41f0f07092bc9\" tg-width=\"1131\" tg-height=\"544\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/61ae8debc1031d09a2333225bd3aa8e5\" tg-width=\"1125\" tg-height=\"547\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ec7bb6903b6df0bb4cc2bf2720212d3a\" tg-width=\"1135\" tg-height=\"265\" referrerpolicy=\"no-referrer\"><span>*P/2022E FFO. Source: Bloomberg, FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>*P/2022E FFO。资料来源：彭博社、FactSet</span></p></blockquote></p><p> The S&amp;P 500 consumer discretionary sector is the priciest group in the index, going for more than 33 times expected 2022 earnings. The presence of high-multiple stocks Tesla (ticker: TSLA) and&nbsp;Amazon.com&nbsp;(AMZN) is responsible for a good chunk of that. Those two make up a combined 40% of the sector’s market cap, and go for 121 times and 68 times 2022 forecast earnings, respectively.</p><p><blockquote>标普500非必需消费品行业是该指数中价格最高的板块，是 2022 年预期收益的 33 倍以上。高倍数股票特斯拉（股票代码：TSLA）和亚马逊（AMZN）的存在是其中很大一部分原因。这两者合计占该行业市值的 40%，分别是 2022 年预测市盈率的 121 倍和 68 倍。</blockquote></p><p> On the other end of the valuation spectrum in the sector are three U.S. homebuilding stocks:PulteGroup&nbsp;(PHM),D.R. Horton&nbsp;(DHI), and&nbsp;Lennar&nbsp;(LEN). Those trade for less than 8 times 2022 expected earnings.</p><p><blockquote>该行业估值光谱的另一端是三只美国住宅建筑股票：PulteGroup (PHM),D.R.霍顿（DHI）和伦纳（LEN）。这些交易价格不到 2022 年预期收益的 8 倍。</blockquote></p><p> The U.S. housing market has been enjoying a pandemic boom: Prices are at or near record highs in many regions, the supply of homes for sale is tight, and homebuilders’ profits are booming. Investors, however, don’t seem to expect that to last forever.</p><p><blockquote>美国房地产市场一直在经历大流行病般的繁荣： 许多地区的房价都处于或接近历史新高，待售房屋供应紧张，房屋建筑商的利润正在蓬勃发展。然而，投资者似乎并不指望这种情况会永远持续下去。</blockquote></p><p> PulteGroup, D.R. Horton, and Lennar’s cheap valuations demonstrate what tends to happen to stocks of companies with cyclical end markets: Multiples contract toward the top of the cycle, because investors worry that things are as good as they’re going to get and the current level of earnings won’t be sustainable.</p><p><blockquote>普尔特集团霍顿和伦纳的低廉估值表明，具有周期性终端市场的公司股票往往会发生什么： 市盈率向周期顶部收缩，因为投资者担心情况已经尽如人意，目前的盈利水平无法持续。</blockquote></p><p> A recent <i>Barron’s</i> cover story made the case for why the current housing boom could have legs, including the millennial generation aging into their home-buying years and a shortage of houses built since the financial crisis over a decade ago. Home builders’ cheap valuations make for an interesting entry point.</p><p><blockquote>最近的一次<i>巴伦</i>封面故事解释了为什么当前的房地产繁荣可能会持续下去，包括千禧一代进入购房年龄，以及自十多年前金融危机以来建造的房屋短缺。房屋建筑商的低廉估值是一个有趣的切入点。</blockquote></p><p> Technology stocks as a group are at 28 times next year’s estimated profits, while the sector’s cheapest stock—Western Digital&nbsp;(WDC)—goes for just 6.8 times. Cyclicality is behind that discount once again.</p><p><blockquote>科技股作为一个整体是明年预计利润的 28 倍，而该行业最便宜的股票--西部数据（WDC）--仅为 6.8 倍。周期性再次成为折扣背后的原因。</blockquote></p><p> Western Digital operates in the highly cyclical memory chip market—periods of intense demand and high sales tend to be followed by slumps of oversupply and weaker pricing. A pandemic-era work-from-home boost to demand for computers, smartphones, and cloud infrastructure has kept inventories low and pricing high for Western Digital’s products. Investors know that won’t always be the case.</p><p><blockquote>西部数据在高度周期性的存储芯片市场开展业务——需求旺盛和销售旺盛的时期往往会伴随着供应过剩和定价疲软的暴跌。大流行病时期，在家办公对电脑、智能手机和云基础设施的需求大增，使得西部数据的产品库存保持在低位，定价居高不下。投资者知道情况并非总是如此。</blockquote></p><p> In the S&amp;P 500’s cheapest sector, energy, APA (APA),Coterra Energy&nbsp;(CTRA), and&nbsp;Diamondback Energy&nbsp;(FANG) are the three cheapest stocks. The group as a whole goes for just over 11 times next year’s forecasted earnings, and its three cheapest members—all U.S. shale oil or gas producers—trade for between 5 and 7 times. Investors are clearly worried about the future of fossil fuels as the world moves toward renewable energy, and won’t pay up for oil and gas stocks.</p><p><blockquote>在标普500最便宜的行业中，能源、APA (APA)、Coterra Energy (CTRA) 和 Diamondback Energy (FANG) 是最便宜的三只股票。整个集团的市盈率是明年预测收益的 11 倍多一点，而其三个最便宜的成员--所有美国页岩油或天然气生产商--的市盈率在 5 到 7 倍之间。随着世界转向可再生能源，投资者显然对化石燃料的未来感到担忧，不会买入石油和天然气股票。</blockquote></p><p> Other particularly cheap S&amp;P 500 stocks can be found in the healthcare sector. A pair of recent pharma-company spinoffs—Viatris&nbsp;(VTRS), jettisoned from&nbsp;Pfizer&nbsp;(PFE) last year and merged with Mylan, and Organon (OGN), excised from Merck (MRK) last summer—trade for the lowest valuations in the entire index. Spinoffs in general haven’t done well lately, and the brand-new stocks with generic-sounding names are likely under the radar for investors that don’t focus on healthcare specifically. <i>Barron’s</i> is more bullish on Organon than Viatris.</p><p><blockquote>其他特别便宜的标普500股票可以在医疗保健行业找到。最近的两家制药公司分拆出来的公司——去年从辉瑞 (PFE) 抛弃并与迈兰合并的 Viatris (VTRS)，以及去年夏天从默克 (MRK) 分拆出来的 Organon (OGN)——的估值是整个指数中最低的。总体而言，分拆股票最近表现不佳，对于不专门关注医疗保健的投资者来说，那些名字听起来很普通的全新股票很可能会受到关注。<i>巴伦</i>比 Viatris 更看好 Organon。</blockquote></p><p></p><p> The two cheapest stocks in the S&amp;P 500 communications services sector are also in the midst of major M&amp;A:AT&amp;T&nbsp;(T) and Discovery (DISCA). Both trade for close to 7.5 next year’s expected earnings, versus their sector’s average of 20.8 times. AT&amp;T will spin off its WarnerMedia subsidiary around the middle of next year and merge it with Discovery, returning the storied American company to its telecom roots. Both companies will have much to prove, and many investors may be waiting until the transactions close next year to pick their pure-play bet: streaming entertainment via Discovery, or wired and wireless telecommunications services via AT&amp;T.</p><p><blockquote>标普500通信服务行业最便宜的两只股票也处于重大并购之中：美国电话电报公司 (T) 和 Discovery (DISCA)。两家公司明年的预期市盈率都接近 7.5 倍，而同行业平均水平为 20.8 倍。美国电话电报公司将在明年年中左右剥离其华纳媒体子公司，并将其与探索合并，使这家传奇的美国公司回归其电信根源。两家公司都有很多东西需要证明，许多投资者可能会等到明年交易结束后再选择纯粹的赌注：通过 Discovery 提供流媒体娱乐，或通过 AT&amp;T 提供有线和无线电信服务。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here Are the Cheapest Stocks in Each Sector of the S&P 500<blockquote>以下是标普500每个板块中最便宜的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Are the Cheapest Stocks in Each Sector of the S&P 500<blockquote>以下是标普500每个板块中最便宜的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-10 22:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The&nbsp;S&amp;P 500&nbsp;continues to trade at the very high end of its historical valuation range, even after a rocky November.</p><p><blockquote>即使在经历了艰难的 11 月份之后，标普500仍继续处于历史估值范围的高端。</blockquote></p><p> The index goes for about 21 times Wall Street analysts’ consensus estimates for 2022 per-share earnings, with sectors like technology and consumer discretionary going for well above that multiple. Other groups, like energy or financials, are available for much cheaper valuations.</p><p><blockquote>该指数约为华尔街分析师对 2022 年每股收益的一致预期的 21 倍，其中科技和非必需消费品等行业的估值远高于这一倍数。能源或金融等其他类别的估值要便宜得多。</blockquote></p><p> But there are inexpensive stocks in all 11 S&amp;P 500 sectors. Like a basketball player who is always open, there might be a good reason for many of those discounts. Just as opposing teams are sometimes better off concentrating their defense elsewhere on the court, some companies’ stocks can be cheap for a reason. Their growth may be scarce, or one-time factors could be distorting expected 2022 results.</p><p><blockquote>但所有 11 个标普500行业都有便宜的股票。就像一个总是开放的篮球运动员一样，许多折扣可能有一个很好的理由。正如对方球队有时最好将防守集中在球场上的其他地方一样，有些公司的股价便宜也是有原因的。它们的增长可能很少，或者一次性因素可能会扭曲 2022 年的预期结果。</blockquote></p><p> Periodically surveying the market for the biggest valuation outliers can still be a good starting point for further analysis. Here are the three cheapest stocks in all 11 S&amp;P 500 sectors:</p><p><blockquote>定期调查市场中最大的估值异常值仍然是进一步分析的良好起点。以下是标普500所有 11 个板块中最便宜的三只股票：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8e71b28f070e8af15d7a7960625e7bd9\" tg-width=\"1127\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/dde0405e86833ecd15f41f0f07092bc9\" tg-width=\"1131\" tg-height=\"544\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/61ae8debc1031d09a2333225bd3aa8e5\" tg-width=\"1125\" tg-height=\"547\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ec7bb6903b6df0bb4cc2bf2720212d3a\" tg-width=\"1135\" tg-height=\"265\" referrerpolicy=\"no-referrer\"><span>*P/2022E FFO. Source: Bloomberg, FactSet</span></p><p><blockquote><p class=\"t-img-caption\"><span>*P/2022E FFO。资料来源：彭博社、FactSet</span></p></blockquote></p><p> The S&amp;P 500 consumer discretionary sector is the priciest group in the index, going for more than 33 times expected 2022 earnings. The presence of high-multiple stocks Tesla (ticker: TSLA) and&nbsp;Amazon.com&nbsp;(AMZN) is responsible for a good chunk of that. Those two make up a combined 40% of the sector’s market cap, and go for 121 times and 68 times 2022 forecast earnings, respectively.</p><p><blockquote>标普500非必需消费品行业是该指数中价格最高的板块，是 2022 年预期收益的 33 倍以上。高倍数股票特斯拉（股票代码：TSLA）和亚马逊（AMZN）的存在是其中很大一部分原因。这两者合计占该行业市值的 40%，分别是 2022 年预测市盈率的 121 倍和 68 倍。</blockquote></p><p> On the other end of the valuation spectrum in the sector are three U.S. homebuilding stocks:PulteGroup&nbsp;(PHM),D.R. Horton&nbsp;(DHI), and&nbsp;Lennar&nbsp;(LEN). Those trade for less than 8 times 2022 expected earnings.</p><p><blockquote>该行业估值光谱的另一端是三只美国住宅建筑股票：PulteGroup (PHM),D.R.霍顿（DHI）和伦纳（LEN）。这些交易价格不到 2022 年预期收益的 8 倍。</blockquote></p><p> The U.S. housing market has been enjoying a pandemic boom: Prices are at or near record highs in many regions, the supply of homes for sale is tight, and homebuilders’ profits are booming. Investors, however, don’t seem to expect that to last forever.</p><p><blockquote>美国房地产市场一直在经历大流行病般的繁荣： 许多地区的房价都处于或接近历史新高，待售房屋供应紧张，房屋建筑商的利润正在蓬勃发展。然而，投资者似乎并不指望这种情况会永远持续下去。</blockquote></p><p> PulteGroup, D.R. Horton, and Lennar’s cheap valuations demonstrate what tends to happen to stocks of companies with cyclical end markets: Multiples contract toward the top of the cycle, because investors worry that things are as good as they’re going to get and the current level of earnings won’t be sustainable.</p><p><blockquote>普尔特集团霍顿和伦纳的低廉估值表明，具有周期性终端市场的公司股票往往会发生什么： 市盈率向周期顶部收缩，因为投资者担心情况已经尽如人意，目前的盈利水平无法持续。</blockquote></p><p> A recent <i>Barron’s</i> cover story made the case for why the current housing boom could have legs, including the millennial generation aging into their home-buying years and a shortage of houses built since the financial crisis over a decade ago. Home builders’ cheap valuations make for an interesting entry point.</p><p><blockquote>最近的一次<i>巴伦</i>封面故事解释了为什么当前的房地产繁荣可能会持续下去，包括千禧一代进入购房年龄，以及自十多年前金融危机以来建造的房屋短缺。房屋建筑商的低廉估值是一个有趣的切入点。</blockquote></p><p> Technology stocks as a group are at 28 times next year’s estimated profits, while the sector’s cheapest stock—Western Digital&nbsp;(WDC)—goes for just 6.8 times. Cyclicality is behind that discount once again.</p><p><blockquote>科技股作为一个整体是明年预计利润的 28 倍，而该行业最便宜的股票--西部数据（WDC）--仅为 6.8 倍。周期性再次成为折扣背后的原因。</blockquote></p><p> Western Digital operates in the highly cyclical memory chip market—periods of intense demand and high sales tend to be followed by slumps of oversupply and weaker pricing. A pandemic-era work-from-home boost to demand for computers, smartphones, and cloud infrastructure has kept inventories low and pricing high for Western Digital’s products. Investors know that won’t always be the case.</p><p><blockquote>西部数据在高度周期性的存储芯片市场开展业务——需求旺盛和销售旺盛的时期往往会伴随着供应过剩和定价疲软的暴跌。大流行病时期，在家办公对电脑、智能手机和云基础设施的需求大增，使得西部数据的产品库存保持在低位，定价居高不下。投资者知道情况并非总是如此。</blockquote></p><p> In the S&amp;P 500’s cheapest sector, energy, APA (APA),Coterra Energy&nbsp;(CTRA), and&nbsp;Diamondback Energy&nbsp;(FANG) are the three cheapest stocks. The group as a whole goes for just over 11 times next year’s forecasted earnings, and its three cheapest members—all U.S. shale oil or gas producers—trade for between 5 and 7 times. Investors are clearly worried about the future of fossil fuels as the world moves toward renewable energy, and won’t pay up for oil and gas stocks.</p><p><blockquote>在标普500最便宜的行业中，能源、APA (APA)、Coterra Energy (CTRA) 和 Diamondback Energy (FANG) 是最便宜的三只股票。整个集团的市盈率是明年预测收益的 11 倍多一点，而其三个最便宜的成员--所有美国页岩油或天然气生产商--的市盈率在 5 到 7 倍之间。随着世界转向可再生能源，投资者显然对化石燃料的未来感到担忧，不会买入石油和天然气股票。</blockquote></p><p> Other particularly cheap S&amp;P 500 stocks can be found in the healthcare sector. A pair of recent pharma-company spinoffs—Viatris&nbsp;(VTRS), jettisoned from&nbsp;Pfizer&nbsp;(PFE) last year and merged with Mylan, and Organon (OGN), excised from Merck (MRK) last summer—trade for the lowest valuations in the entire index. Spinoffs in general haven’t done well lately, and the brand-new stocks with generic-sounding names are likely under the radar for investors that don’t focus on healthcare specifically. <i>Barron’s</i> is more bullish on Organon than Viatris.</p><p><blockquote>其他特别便宜的标普500股票可以在医疗保健行业找到。最近的两家制药公司分拆出来的公司——去年从辉瑞 (PFE) 抛弃并与迈兰合并的 Viatris (VTRS)，以及去年夏天从默克 (MRK) 分拆出来的 Organon (OGN)——的估值是整个指数中最低的。总体而言，分拆股票最近表现不佳，对于不专门关注医疗保健的投资者来说，那些名字听起来很普通的全新股票很可能会受到关注。<i>巴伦</i>比 Viatris 更看好 Organon。</blockquote></p><p></p><p> The two cheapest stocks in the S&amp;P 500 communications services sector are also in the midst of major M&amp;A:AT&amp;T&nbsp;(T) and Discovery (DISCA). Both trade for close to 7.5 next year’s expected earnings, versus their sector’s average of 20.8 times. AT&amp;T will spin off its WarnerMedia subsidiary around the middle of next year and merge it with Discovery, returning the storied American company to its telecom roots. Both companies will have much to prove, and many investors may be waiting until the transactions close next year to pick their pure-play bet: streaming entertainment via Discovery, or wired and wireless telecommunications services via AT&amp;T.</p><p><blockquote>标普500通信服务行业最便宜的两只股票也处于重大并购之中：美国电话电报公司 (T) 和 Discovery (DISCA)。两家公司明年的预期市盈率都接近 7.5 倍，而同行业平均水平为 20.8 倍。美国电话电报公司将在明年年中左右剥离其华纳媒体子公司，并将其与探索合并，使这家传奇的美国公司回归其电信根源。两家公司都有很多东西需要证明，许多投资者可能会等到明年交易结束后再选择纯粹的赌注：通过 Discovery 提供流媒体娱乐，或通过 AT&amp;T 提供有线和无线电信服务。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/cheap-sp500-stocks-sector-51639090794?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WBA":"沃尔格林联合博姿","T":"At&T","WDC":"西部数据","CF":"CF工业","CBRE":"世邦魏理仕","OGN":"Organon & Co","EIX":"爱迪生国际","MOS":"美国美盛","COF":"第一资本","LYB":"利安德巴塞尔","LUMN":"Lumen Technologies","BMY":"施贵宝","NRG":"NRG能源","LNC":"林肯国民","SPG":"西蒙地产","LEN":"莱纳建筑公司","CTRA":"Coterra Energy Inc.","PHM":"普得集团","IVZ":"美国景顺集团","VNO":"沃那多房信","ALK":"阿拉斯加航空集团有限公司","FANG":"Diamondback Energy","DISCA":"探索传播","APA":"阿帕契","SRE":"桑普拉能源","MO":"奥驰亚","DHI":"霍顿房屋","HPE":"慧与科技","VTRS":"Viatris Inc.","DAL":"达美航空","CMI":"康明斯","TAP":"莫库酒业","WU":"西联汇款"},"source_url":"https://www.barrons.com/articles/cheap-sp500-stocks-sector-51639090794?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112170047","content_text":"The S&P 500 continues to trade at the very high end of its historical valuation range, even after a rocky November.\nThe index goes for about 21 times Wall Street analysts’ consensus estimates for 2022 per-share earnings, with sectors like technology and consumer discretionary going for well above that multiple. Other groups, like energy or financials, are available for much cheaper valuations.\nBut there are inexpensive stocks in all 11 S&P 500 sectors. Like a basketball player who is always open, there might be a good reason for many of those discounts. Just as opposing teams are sometimes better off concentrating their defense elsewhere on the court, some companies’ stocks can be cheap for a reason. Their growth may be scarce, or one-time factors could be distorting expected 2022 results.\nPeriodically surveying the market for the biggest valuation outliers can still be a good starting point for further analysis. Here are the three cheapest stocks in all 11 S&P 500 sectors:\n\n*P/2022E FFO. Source: Bloomberg, FactSet\nThe S&P 500 consumer discretionary sector is the priciest group in the index, going for more than 33 times expected 2022 earnings. The presence of high-multiple stocks Tesla (ticker: TSLA) and Amazon.com (AMZN) is responsible for a good chunk of that. Those two make up a combined 40% of the sector’s market cap, and go for 121 times and 68 times 2022 forecast earnings, respectively.\nOn the other end of the valuation spectrum in the sector are three U.S. homebuilding stocks:PulteGroup (PHM),D.R. Horton (DHI), and Lennar (LEN). Those trade for less than 8 times 2022 expected earnings.\nThe U.S. housing market has been enjoying a pandemic boom: Prices are at or near record highs in many regions, the supply of homes for sale is tight, and homebuilders’ profits are booming. Investors, however, don’t seem to expect that to last forever.\nPulteGroup, D.R. Horton, and Lennar’s cheap valuations demonstrate what tends to happen to stocks of companies with cyclical end markets: Multiples contract toward the top of the cycle, because investors worry that things are as good as they’re going to get and the current level of earnings won’t be sustainable.\nA recent Barron’s cover story made the case for why the current housing boom could have legs, including the millennial generation aging into their home-buying years and a shortage of houses built since the financial crisis over a decade ago. Home builders’ cheap valuations make for an interesting entry point.\nTechnology stocks as a group are at 28 times next year’s estimated profits, while the sector’s cheapest stock—Western Digital (WDC)—goes for just 6.8 times. Cyclicality is behind that discount once again.\nWestern Digital operates in the highly cyclical memory chip market—periods of intense demand and high sales tend to be followed by slumps of oversupply and weaker pricing. A pandemic-era work-from-home boost to demand for computers, smartphones, and cloud infrastructure has kept inventories low and pricing high for Western Digital’s products. Investors know that won’t always be the case.\nIn the S&P 500’s cheapest sector, energy, APA (APA),Coterra Energy (CTRA), and Diamondback Energy (FANG) are the three cheapest stocks. The group as a whole goes for just over 11 times next year’s forecasted earnings, and its three cheapest members—all U.S. shale oil or gas producers—trade for between 5 and 7 times. Investors are clearly worried about the future of fossil fuels as the world moves toward renewable energy, and won’t pay up for oil and gas stocks.\nOther particularly cheap S&P 500 stocks can be found in the healthcare sector. A pair of recent pharma-company spinoffs—Viatris (VTRS), jettisoned from Pfizer (PFE) last year and merged with Mylan, and Organon (OGN), excised from Merck (MRK) last summer—trade for the lowest valuations in the entire index. Spinoffs in general haven’t done well lately, and the brand-new stocks with generic-sounding names are likely under the radar for investors that don’t focus on healthcare specifically. Barron’s is more bullish on Organon than Viatris.\nThe two cheapest stocks in the S&P 500 communications services sector are also in the midst of major M&A:AT&T (T) and Discovery (DISCA). Both trade for close to 7.5 next year’s expected earnings, versus their sector’s average of 20.8 times. AT&T will spin off its WarnerMedia subsidiary around the middle of next year and merge it with Discovery, returning the storied American company to its telecom roots. Both companies will have much to prove, and many investors may be waiting until the transactions close next year to pick their pure-play bet: streaming entertainment via Discovery, or wired and wireless telecommunications services via AT&T.","news_type":1,"symbols_score_info":{"PHM":0.9,"MO":0.9,"SRE":0.9,"WDC":0.9,"VNO":0.9,"OGN":0.9,"WU":0.9,"CTRA":0.9,"COF":0.9,"WBA":0.9,"BMY":0.9,"NRG":0.9,"LEN":0.9,"DHI":0.9,"HPE":0.9,"MOS":0.9,"LUMN":0.9,"DISCA":0.9,"FANG":0.9,"VTRS":0.9,"LYB":0.9,"LNC":0.9,"T":0.9,"EIX":0.9,"CF":0.9,"CMI":0.9,"SPG":0.9,"ALK":0.9,"CBRE":0.9,"APA":0.9,"TAP":0.9,"IVZ":0.9,"DAL":0.9}},"isVote":1,"tweetType":1,"viewCount":3375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606209413,"gmtCreate":1638880022625,"gmtModify":1638880022707,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/606209413","repostId":"1110255592","repostType":4,"isVote":1,"tweetType":1,"viewCount":3427,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606209644,"gmtCreate":1638880002037,"gmtModify":1638880002157,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606209644","repostId":"2189655635","repostType":4,"isVote":1,"tweetType":1,"viewCount":3723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606209348,"gmtCreate":1638879950772,"gmtModify":1638879950850,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/606209348","repostId":"1174056848","repostType":4,"repost":{"id":"1174056848","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638877123,"share":"https://www.laohunote.com/m/news/1174056848?lang=zh_CN&edition=full","pubTime":"2021-12-07 19:38","market":"us","language":"en","title":"Jumia shares jumped nearly 12% in premarket trading<blockquote>Jumia 股价在盘前交易中上涨近 12%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174056848","media":"Tiger Newspress","summary":"Jumia shares jumped nearly 12% in premarket trading on the highlights of 2021 Black Friday.\n\nJumia T","content":"<p>Jumia shares jumped nearly 12% in premarket trading&nbsp;on&nbsp;the&nbsp;highlights&nbsp;of&nbsp;2021 Black Friday.</p><p><blockquote>在 2021 年黑色星期五的亮点中，Jumia 股价在盘前交易中上涨近 12%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/47f292ae31d1d8f6cbf5b019ea8c5068\" tg-width=\"850\" tg-height=\"621\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Jumia Technologies AG&nbsp;announced today the highlights of its Black Friday campaign held between November 5 and November 30, 2021.</p><p><blockquote>Jumia Technologies AG今天宣布了2021年11月5日至11月30日期间举行的黑色星期五活动的亮点。</blockquote></p><p> <b><u>Engaging Consumers</u></b></p><p><blockquote><b><u>吸引消费者</u></b></blockquote></p><p> Based on preliminary numbers, Jumia recorded in 2021 its largest ever Black Friday campaign, with GMV reaching $150 million, up 30% year-over-year, and Orders reaching 4.3 million, up 39% year-over-year. Having introduced the Black Friday shopping festival concept in Africa in 2012, it has now become a much-awaited campaign for its consumers, sellers and ecosystem partners.</p><p><blockquote>根据初步数据，Jumia在2021年创下了有史以来最大的黑色星期五活动，GMV达到1.5亿美元，同比增长30%，订单达到430万份，同比增长39%。自2012年在非洲推出黑色星期五购物节概念以来，它现在已经成为消费者、卖家和生态系统合作伙伴期待已久的活动。</blockquote></p><p> As part of the event, Jumia seek to offer its consumers attractive deals on a broad range of relevant products, alongside engaging and localized content such as games, videos, original music and offline events. Jumia posted a record of almost 40 million unique visitors to its platforms, an increase of 27% year-over-year, while its campaign video content recorded almost 190 million views on social media.</p><p><blockquote>作为活动的一部分，Jumia寻求为其消费者提供广泛相关产品的有吸引力的交易，以及游戏、视频、原创音乐和线下活动等引人入胜的本地化内容。Jumia在其平台上发布了近4000万独立访问者的记录，同比增长27%，而其活动视频内容在社交媒体上的观看次数接近1.9亿次。</blockquote></p><p> their consumers are increasingly turning to Jumia for their everyday needs with the top 3 fastest growing physical goods categories in volume terms being Fast Moving Consumers Goods (\"FMCG\"), followed by Beauty and Fashion.</p><p><blockquote>他们的消费者越来越多地转向Jumia来满足他们的日常需求，按数量计算，增长最快的3个实物商品类别是快速消费品（“快速消费品”），其次是美容和时尚。</blockquote></p><p> <b><u>Accelerating sellers' growth</u></b></p><p><blockquote><b><u>加速卖家增长</u></b></blockquote></p><p> The event saw strong seller participation with over 46,000 Active Sellers during the campaign compared to 41,500 the prior year. During the 2021 event, its top 20 physical goods sellers tripled on average their GMV year-over-year. Its restaurant partners were an integral part of the success of the campaign, offering discounts and exclusive meal deals on its platform. GMV of the food delivery category almost doubled year-over-year and the top 20 restaurants during the 2021 event experienced on average 167% GMV growth year-over-year.</p><p><blockquote>该活动吸引了大量卖家参与，活动期间有超过46,000名活跃卖家，而前一年为41,500名。在2021年的活动中，其排名前20的实物商品卖家的GMV平均同比增长了两倍。其餐厅合作伙伴是该活动成功不可或缺的一部分，在其平台上提供折扣和独家餐饮优惠。食品配送类别的GMV几乎同比翻了一番，2021年活动期间排名前20的餐厅平均GMV同比增长167%。</blockquote></p><p> Leveraging the strong reach and consumer engagement on its platform, its sellers often take the opportunity of the Black Friday campaign for new product launches. For example, in this year's edition, Xiaomi chose Jumia for the exclusive launch of the Xiaomi Mi 11T phone in Egypt.</p><p><blockquote>利用其平台上强大的影响力和消费者参与度，其卖家经常利用黑色星期五活动的机会推出新产品。例如，在今年的版本中，小米选择了Jumia在埃及独家发布小米Mi 11T手机。</blockquote></p><p> <b><u>Delivering more packages faster</u></b></p><p><blockquote><b><u>更快地递送更多包裹</u></b></blockquote></p><p> Jumia seamlessly scaled its logistics capacity for the event to handle peak volumes. Jumia Logistics handled 5.3 million packages during the campaign, which is more than double the average monthly package volume in the first 10 months of 2021. While we handled significantly more packages than the rest of the year, Jumia remained focused on providing the best customer experience possible while working on reducing delivery times. During the Black Friday campaign, 58% of packages reached consumers the next business day while the average end-to-end delivery time decreased to 1.5 business days, compared to 2.2 business days in the 2020 Black Friday campaign.</p><p><blockquote>Jumia无缝扩展了其活动的物流能力，以处理高峰量。Jumia Logistics在活动期间处理了530万个包裹，是2021年前10个月平均每月包裹量的两倍多。虽然我们处理的包裹比今年其他时间多得多，但Jumia仍然专注于提供最佳的客户体验，同时努力缩短交付时间。在黑色星期五活动期间，58%的包裹在下一个工作日到达消费者手中，而平均端到端交付时间减少到1.5个工作日，而2020年黑色星期五活动为2.2个工作日。</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>Jumia shares jumped nearly 12% in premarket trading<blockquote>Jumia 股价在盘前交易中上涨近 12%</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\">\nJumia shares jumped nearly 12% in premarket trading<blockquote>Jumia 股价在盘前交易中上涨近 12%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-07 19:38</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Jumia shares jumped nearly 12% in premarket trading&nbsp;on&nbsp;the&nbsp;highlights&nbsp;of&nbsp;2021 Black Friday.</p><p><blockquote>在 2021 年黑色星期五的亮点中，Jumia 股价在盘前交易中上涨近 12%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/47f292ae31d1d8f6cbf5b019ea8c5068\" tg-width=\"850\" tg-height=\"621\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Jumia Technologies AG&nbsp;announced today the highlights of its Black Friday campaign held between November 5 and November 30, 2021.</p><p><blockquote>Jumia Technologies AG今天宣布了2021年11月5日至11月30日期间举行的黑色星期五活动的亮点。</blockquote></p><p> <b><u>Engaging Consumers</u></b></p><p><blockquote><b><u>吸引消费者</u></b></blockquote></p><p> Based on preliminary numbers, Jumia recorded in 2021 its largest ever Black Friday campaign, with GMV reaching $150 million, up 30% year-over-year, and Orders reaching 4.3 million, up 39% year-over-year. Having introduced the Black Friday shopping festival concept in Africa in 2012, it has now become a much-awaited campaign for its consumers, sellers and ecosystem partners.</p><p><blockquote>根据初步数据，Jumia在2021年创下了有史以来最大的黑色星期五活动，GMV达到1.5亿美元，同比增长30%，订单达到430万份，同比增长39%。自2012年在非洲推出黑色星期五购物节概念以来，它现在已经成为消费者、卖家和生态系统合作伙伴期待已久的活动。</blockquote></p><p> As part of the event, Jumia seek to offer its consumers attractive deals on a broad range of relevant products, alongside engaging and localized content such as games, videos, original music and offline events. Jumia posted a record of almost 40 million unique visitors to its platforms, an increase of 27% year-over-year, while its campaign video content recorded almost 190 million views on social media.</p><p><blockquote>作为活动的一部分，Jumia寻求为其消费者提供广泛相关产品的有吸引力的交易，以及游戏、视频、原创音乐和线下活动等引人入胜的本地化内容。Jumia在其平台上发布了近4000万独立访问者的记录，同比增长27%，而其活动视频内容在社交媒体上的观看次数接近1.9亿次。</blockquote></p><p> their consumers are increasingly turning to Jumia for their everyday needs with the top 3 fastest growing physical goods categories in volume terms being Fast Moving Consumers Goods (\"FMCG\"), followed by Beauty and Fashion.</p><p><blockquote>他们的消费者越来越多地转向Jumia来满足他们的日常需求，按数量计算，增长最快的3个实物商品类别是快速消费品（“快速消费品”），其次是美容和时尚。</blockquote></p><p> <b><u>Accelerating sellers' growth</u></b></p><p><blockquote><b><u>加速卖家增长</u></b></blockquote></p><p> The event saw strong seller participation with over 46,000 Active Sellers during the campaign compared to 41,500 the prior year. During the 2021 event, its top 20 physical goods sellers tripled on average their GMV year-over-year. Its restaurant partners were an integral part of the success of the campaign, offering discounts and exclusive meal deals on its platform. GMV of the food delivery category almost doubled year-over-year and the top 20 restaurants during the 2021 event experienced on average 167% GMV growth year-over-year.</p><p><blockquote>该活动吸引了大量卖家参与，活动期间有超过46,000名活跃卖家，而前一年为41,500名。在2021年的活动中，其排名前20的实物商品卖家的GMV平均同比增长了两倍。其餐厅合作伙伴是该活动成功不可或缺的一部分，在其平台上提供折扣和独家餐饮优惠。食品配送类别的GMV几乎同比翻了一番，2021年活动期间排名前20的餐厅平均GMV同比增长167%。</blockquote></p><p> Leveraging the strong reach and consumer engagement on its platform, its sellers often take the opportunity of the Black Friday campaign for new product launches. For example, in this year's edition, Xiaomi chose Jumia for the exclusive launch of the Xiaomi Mi 11T phone in Egypt.</p><p><blockquote>利用其平台上强大的影响力和消费者参与度，其卖家经常利用黑色星期五活动的机会推出新产品。例如，在今年的版本中，小米选择了Jumia在埃及独家发布小米Mi 11T手机。</blockquote></p><p> <b><u>Delivering more packages faster</u></b></p><p><blockquote><b><u>更快地递送更多包裹</u></b></blockquote></p><p> Jumia seamlessly scaled its logistics capacity for the event to handle peak volumes. Jumia Logistics handled 5.3 million packages during the campaign, which is more than double the average monthly package volume in the first 10 months of 2021. While we handled significantly more packages than the rest of the year, Jumia remained focused on providing the best customer experience possible while working on reducing delivery times. During the Black Friday campaign, 58% of packages reached consumers the next business day while the average end-to-end delivery time decreased to 1.5 business days, compared to 2.2 business days in the 2020 Black Friday campaign.</p><p><blockquote>Jumia无缝扩展了其活动的物流能力，以处理高峰量。Jumia Logistics在活动期间处理了530万个包裹，是2021年前10个月平均每月包裹量的两倍多。虽然我们处理的包裹比今年其他时间多得多，但Jumia仍然专注于提供最佳的客户体验，同时努力缩短交付时间。在黑色星期五活动期间，58%的包裹在下一个工作日到达消费者手中，而平均端到端交付时间减少到1.5个工作日，而2020年黑色星期五活动为2.2个工作日。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JMIA":"Jumia Technologies AG"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174056848","content_text":"Jumia shares jumped nearly 12% in premarket trading on the highlights of 2021 Black Friday.\n\nJumia Technologies AG announced today the highlights of its Black Friday campaign held between November 5 and November 30, 2021.\nEngaging Consumers\nBased on preliminary numbers, Jumia recorded in 2021 its largest ever Black Friday campaign, with GMV reaching $150 million, up 30% year-over-year, and Orders reaching 4.3 million, up 39% year-over-year. Having introduced the Black Friday shopping festival concept in Africa in 2012, it has now become a much-awaited campaign for its consumers, sellers and ecosystem partners.\nAs part of the event, Jumia seek to offer its consumers attractive deals on a broad range of relevant products, alongside engaging and localized content such as games, videos, original music and offline events. Jumia posted a record of almost 40 million unique visitors to its platforms, an increase of 27% year-over-year, while its campaign video content recorded almost 190 million views on social media.\ntheir consumers are increasingly turning to Jumia for their everyday needs with the top 3 fastest growing physical goods categories in volume terms being Fast Moving Consumers Goods (\"FMCG\"), followed by Beauty and Fashion.\nAccelerating sellers' growth\nThe event saw strong seller participation with over 46,000 Active Sellers during the campaign compared to 41,500 the prior year. During the 2021 event, its top 20 physical goods sellers tripled on average their GMV year-over-year. Its restaurant partners were an integral part of the success of the campaign, offering discounts and exclusive meal deals on its platform. GMV of the food delivery category almost doubled year-over-year and the top 20 restaurants during the 2021 event experienced on average 167% GMV growth year-over-year.\nLeveraging the strong reach and consumer engagement on its platform, its sellers often take the opportunity of the Black Friday campaign for new product launches. For example, in this year's edition, Xiaomi chose Jumia for the exclusive launch of the Xiaomi Mi 11T phone in Egypt.\nDelivering more packages faster\nJumia seamlessly scaled its logistics capacity for the event to handle peak volumes. Jumia Logistics handled 5.3 million packages during the campaign, which is more than double the average monthly package volume in the first 10 months of 2021. While we handled significantly more packages than the rest of the year, Jumia remained focused on providing the best customer experience possible while working on reducing delivery times. During the Black Friday campaign, 58% of packages reached consumers the next business day while the average end-to-end delivery time decreased to 1.5 business days, compared to 2.2 business days in the 2020 Black Friday campaign.","news_type":1,"symbols_score_info":{"JMIA":0.9}},"isVote":1,"tweetType":1,"viewCount":3522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606209903,"gmtCreate":1638879931103,"gmtModify":1638879931218,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/606209903","repostId":"1130097538","repostType":4,"isVote":1,"tweetType":1,"viewCount":4112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878315137,"gmtCreate":1637148689738,"gmtModify":1637148689836,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878315137","repostId":"1163497205","repostType":4,"repost":{"id":"1163497205","kind":"news","pubTimestamp":1637148437,"share":"https://www.laohunote.com/m/news/1163497205?lang=zh_CN&edition=full","pubTime":"2021-11-17 19:27","market":"us","language":"en","title":"Biden heads to Detroit to tout U.S. investment in electric vehicle market<blockquote>拜登前往底特律宣传美国对电动汽车市场的投资</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163497205","media":"Reuters","summary":"President Joe Biden will take his victory tour celebrating a new U.S. infrastructure law to Detroit ","content":"<p>President Joe Biden will take his victory tour celebrating a new U.S. infrastructure law to Detroit on Wednesday to tout investments aimed at boosting the market for electric vehicles.</p><p><blockquote>乔·拜登总统将于周三前往底特律庆祝美国新基础设施法的胜利之旅，宣传旨在提振电动汽车市场的投资。</blockquote></p><p> Biden, a Democrat,signed&nbsp;the $1 trillion infrastructure bill into law on Monday and, with his approval ratings sagging, is eager to promote it as the fulfillment of a promise he made as a presidential candidate in the 2020 race for the White House.</p><p><blockquote>民主党人拜登周一将1万亿美元的基础设施法案签署成为法律，随着他的支持率下降，他急于将其宣传为兑现他作为总统候选人在2020年白宫竞选中做出的承诺。</blockquote></p><p> The law, which passed with support from Democrats and Republicans, provides $7.5 billion in funding to build out the nation’s electric vehicle charging network, investments the industry says will inspire more Americans to buy electric vehicles and manufacturers to produce them.</p><p><blockquote>该法律在民主党和共和党的支持下获得通过，为建设美国的电动汽车充电网络提供了 75 亿美元的资金，业内人士表示，这些投资将激励更多美国人购买电动汽车，并鼓励制造商生产电动汽车。</blockquote></p><p> It provides money to build EV chargers along highway corridors and within communities to help facilitate long-distance and local travel.</p><p><blockquote>它提供资金在高速公路走廊和社区内建造电动汽车充电器，以帮助促进长途和本地旅行。</blockquote></p><p> Biden will highlight the investments during a visit to a General Motors Co(GM.N)&nbsp;electric vehicle assembly plant in Detroit, the largest city in Michigan, a key political battleground state in U.S. elections.</p><p><blockquote>拜登将在参观位于美国大选的关键政治战场州密歇根州最大城市底特律的通用汽车公司（GM.N）电动汽车装配厂时强调这些投资。</blockquote></p><p> The president will deliver remarks on how the law \"builds electric vehicle charging stations across the country to make it easier to drive an electric vehicle, reduces emissions to fight the climate crisis, and creates good-paying, union jobs across the country,\" the White House said in a statement.</p><p><blockquote>白宫在一份声明中表示，总统将就该法律如何“在全国范围内建设电动汽车充电站，使驾驶电动汽车变得更容易，减少排放以应对气候危机，并在全国范围内创造高薪工会就业机会”发表讲话。</blockquote></p><p> A broad transition to electric cars and trucks will help the United States meet Biden's pledge to reduce U.S. greenhouse gas emissions 50% from 2005 levels by 2030.</p><p><blockquote>向电动汽车和卡车的广泛过渡将有助于美国实现拜登的承诺，即到 2030 年将美国温室气体排放量从 2005 年的水平减少 50%。</blockquote></p><p> Democrats are working on a separate social spending and climate bill that contains up to $12,500 in tax credits for U.S.-made EVs, including a $4,500 credit for union-made vehicles. The bill is a key pillar of Biden's domestic agenda but has faced hurdles to passage from competing views between progressive and moderate lawmakers in his party.</p><p><blockquote>民主党人正在制定一项单独的社会支出和气候法案，其中包括为美国制造的电动汽车提供高达 12,500 美元的税收抵免，其中包括为工会制造的车辆提供 4,500 美元的税收抵免。该法案是拜登国内议程的一个关键支柱，但由于拜登党内进步派和温和派议员之间的相互竞争，该法案的通过面临障碍。</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>Biden heads to Detroit to tout U.S. investment in electric vehicle market<blockquote>拜登前往底特律宣传美国对电动汽车市场的投资</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden heads to Detroit to tout U.S. investment in electric vehicle market<blockquote>拜登前往底特律宣传美国对电动汽车市场的投资</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-17 19:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>President Joe Biden will take his victory tour celebrating a new U.S. infrastructure law to Detroit on Wednesday to tout investments aimed at boosting the market for electric vehicles.</p><p><blockquote>乔·拜登总统将于周三前往底特律庆祝美国新基础设施法的胜利之旅，宣传旨在提振电动汽车市场的投资。</blockquote></p><p> Biden, a Democrat,signed&nbsp;the $1 trillion infrastructure bill into law on Monday and, with his approval ratings sagging, is eager to promote it as the fulfillment of a promise he made as a presidential candidate in the 2020 race for the White House.</p><p><blockquote>民主党人拜登周一将1万亿美元的基础设施法案签署成为法律，随着他的支持率下降，他急于将其宣传为兑现他作为总统候选人在2020年白宫竞选中做出的承诺。</blockquote></p><p> The law, which passed with support from Democrats and Republicans, provides $7.5 billion in funding to build out the nation’s electric vehicle charging network, investments the industry says will inspire more Americans to buy electric vehicles and manufacturers to produce them.</p><p><blockquote>该法律在民主党和共和党的支持下获得通过，为建设美国的电动汽车充电网络提供了 75 亿美元的资金，业内人士表示，这些投资将激励更多美国人购买电动汽车，并鼓励制造商生产电动汽车。</blockquote></p><p> It provides money to build EV chargers along highway corridors and within communities to help facilitate long-distance and local travel.</p><p><blockquote>它提供资金在高速公路走廊和社区内建造电动汽车充电器，以帮助促进长途和本地旅行。</blockquote></p><p> Biden will highlight the investments during a visit to a General Motors Co(GM.N)&nbsp;electric vehicle assembly plant in Detroit, the largest city in Michigan, a key political battleground state in U.S. elections.</p><p><blockquote>拜登将在参观位于美国大选的关键政治战场州密歇根州最大城市底特律的通用汽车公司（GM.N）电动汽车装配厂时强调这些投资。</blockquote></p><p> The president will deliver remarks on how the law \"builds electric vehicle charging stations across the country to make it easier to drive an electric vehicle, reduces emissions to fight the climate crisis, and creates good-paying, union jobs across the country,\" the White House said in a statement.</p><p><blockquote>白宫在一份声明中表示，总统将就该法律如何“在全国范围内建设电动汽车充电站，使驾驶电动汽车变得更容易，减少排放以应对气候危机，并在全国范围内创造高薪工会就业机会”发表讲话。</blockquote></p><p> A broad transition to electric cars and trucks will help the United States meet Biden's pledge to reduce U.S. greenhouse gas emissions 50% from 2005 levels by 2030.</p><p><blockquote>向电动汽车和卡车的广泛过渡将有助于美国实现拜登的承诺，即到 2030 年将美国温室气体排放量从 2005 年的水平减少 50%。</blockquote></p><p> Democrats are working on a separate social spending and climate bill that contains up to $12,500 in tax credits for U.S.-made EVs, including a $4,500 credit for union-made vehicles. The bill is a key pillar of Biden's domestic agenda but has faced hurdles to passage from competing views between progressive and moderate lawmakers in his party.</p><p><blockquote>民主党人正在制定一项单独的社会支出和气候法案，其中包括为美国制造的电动汽车提供高达 12,500 美元的税收抵免，其中包括为工会制造的车辆提供 4,500 美元的税收抵免。该法案是拜登国内议程的一个关键支柱，但由于拜登党内进步派和温和派议员之间的相互竞争，该法案的通过面临障碍。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/autos-transportation/biden-heads-detroit-tout-us-investment-electric-vehicle-market-2021-11-17/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.reuters.com/business/autos-transportation/biden-heads-detroit-tout-us-investment-electric-vehicle-market-2021-11-17/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163497205","content_text":"President Joe Biden will take his victory tour celebrating a new U.S. infrastructure law to Detroit on Wednesday to tout investments aimed at boosting the market for electric vehicles.\nBiden, a Democrat,signed the $1 trillion infrastructure bill into law on Monday and, with his approval ratings sagging, is eager to promote it as the fulfillment of a promise he made as a presidential candidate in the 2020 race for the White House.\nThe law, which passed with support from Democrats and Republicans, provides $7.5 billion in funding to build out the nation’s electric vehicle charging network, investments the industry says will inspire more Americans to buy electric vehicles and manufacturers to produce them.\nIt provides money to build EV chargers along highway corridors and within communities to help facilitate long-distance and local travel.\nBiden will highlight the investments during a visit to a General Motors Co(GM.N) electric vehicle assembly plant in Detroit, the largest city in Michigan, a key political battleground state in U.S. elections.\nThe president will deliver remarks on how the law \"builds electric vehicle charging stations across the country to make it easier to drive an electric vehicle, reduces emissions to fight the climate crisis, and creates good-paying, union jobs across the country,\" the White House said in a statement.\nA broad transition to electric cars and trucks will help the United States meet Biden's pledge to reduce U.S. greenhouse gas emissions 50% from 2005 levels by 2030.\nDemocrats are working on a separate social spending and climate bill that contains up to $12,500 in tax credits for U.S.-made EVs, including a $4,500 credit for union-made vehicles. The bill is a key pillar of Biden's domestic agenda but has faced hurdles to passage from competing views between progressive and moderate lawmakers in his party.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"tweetType":1,"viewCount":906,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":845975497,"gmtCreate":1636274107706,"gmtModify":1636274152792,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845975497","repostId":"842667070","repostType":1,"isVote":1,"tweetType":1,"viewCount":1091,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842983871,"gmtCreate":1636125221411,"gmtModify":1636125221555,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842983871","repostId":"2181748650","repostType":4,"isVote":1,"tweetType":1,"viewCount":1321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841741163,"gmtCreate":1635945757085,"gmtModify":1635945850792,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/841741163","repostId":"1179530992","repostType":4,"isVote":1,"tweetType":1,"viewCount":1033,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841743554,"gmtCreate":1635945725902,"gmtModify":1635945849632,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/841743554","repostId":"1196473052","repostType":4,"repost":{"id":"1196473052","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1635867252,"share":"https://www.laohunote.com/m/news/1196473052?lang=zh_CN&edition=full","pubTime":"2021-11-02 23:34","market":"us","language":"en","title":"Sea Limited stock rose 1.8% to return to $360<blockquote>Sea Limited 股价上涨 1.8%，重返 360 美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1196473052","media":"Tiger Newspress","summary":"Sea Limited stock rose 1.8% to return to $360 in morning trading.Sea Limited plans to announce its t","content":"<p>Sea Limited stock rose 1.8% to return to $360&nbsp;in&nbsp;morning trading.Sea Limited&nbsp;plans to announce its third quarter 2021 results before the U.S. market opens on November 16, 2021, U.S. Eastern Time.</p><p><blockquote>Sea Limited 股价在早盘交易中上涨 1.8%，重返 360 美元。Sea Limited计划在美国东部时间2021年11月16日美国市场开盘前公布2021年第三季度业绩。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/83a11802a42006187d6abc47352eba1a\" tg-width=\"840\" tg-height=\"470\" 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>Sea Limited stock rose 1.8% to return to $360<blockquote>Sea Limited 股价上涨 1.8%，重返 360 美元</blockquote></title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Limited stock rose 1.8% to return to $360<blockquote>Sea Limited 股价上涨 1.8%，重返 360 美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-02 23:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Sea Limited stock rose 1.8% to return to $360&nbsp;in&nbsp;morning trading.Sea Limited&nbsp;plans to announce its third quarter 2021 results before the U.S. market opens on November 16, 2021, U.S. Eastern Time.</p><p><blockquote>Sea Limited 股价在早盘交易中上涨 1.8%，重返 360 美元。Sea Limited计划在美国东部时间2021年11月16日美国市场开盘前公布2021年第三季度业绩。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/83a11802a42006187d6abc47352eba1a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196473052","content_text":"Sea Limited stock rose 1.8% to return to $360 in morning trading.Sea Limited plans to announce its third quarter 2021 results before the U.S. market opens on November 16, 2021, U.S. Eastern Time.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":1140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841749850,"gmtCreate":1635945669601,"gmtModify":1635945669754,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/841749850","repostId":"2180314047","repostType":4,"isVote":1,"tweetType":1,"viewCount":1194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841749076,"gmtCreate":1635945642932,"gmtModify":1635945643085,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/841749076","repostId":"2180739887","repostType":4,"isVote":1,"tweetType":1,"viewCount":1341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841757933,"gmtCreate":1635945547915,"gmtModify":1635945548099,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/841757933","repostId":"1128259542","repostType":4,"repost":{"id":"1128259542","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1635936874,"share":"https://www.laohunote.com/m/news/1128259542?lang=zh_CN&edition=full","pubTime":"2021-11-03 18:54","market":"us","language":"en","title":"CVS quarterly sales rise 10% on demand for COVID-19 tests, vaccines<blockquote>由于 COVID-19 检测和疫苗的需求，CVS 季度销售额增长 10%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128259542","media":"Tiger Newspress","summary":"CVS Health Corp(CVS.N)reported a 10% rise in quarterly sales on Wednesday, as a surge in Delta varia","content":"<p>CVS Health Corp(CVS.N)reported a 10% rise in quarterly sales on Wednesday, as a surge in Delta variant cases across the United States bolstered demand for tests and COVID-19 vaccinations.</p><p><blockquote>CVS Health Corp (CVS.N) 周三报告称，由于美国各地德尔塔变异毒株病例的激增提振了对检测和 COVID-19 疫苗接种的需求，季度销售额增长了 10%。</blockquote></p><p> Its&nbsp;shares&nbsp;slid&nbsp;over&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/307449c61d2bc002f0f0f667e7b25c08\" tg-width=\"777\" tg-height=\"569\" width=\"100%\" height=\"auto\"></p><p><blockquote>其股价在盘前交易中下跌超过 1%。</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>CVS quarterly sales rise 10% on demand for COVID-19 tests, vaccines<blockquote>由于 COVID-19 检测和疫苗的需求，CVS 季度销售额增长 10%</blockquote></title>\n<style 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}\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\">\nCVS quarterly sales rise 10% on demand for COVID-19 tests, vaccines<blockquote>由于 COVID-19 检测和疫苗的需求，CVS 季度销售额增长 10%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-03 18:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>CVS Health Corp(CVS.N)reported a 10% rise in quarterly sales on Wednesday, as a surge in Delta variant cases across the United States bolstered demand for tests and COVID-19 vaccinations.</p><p><blockquote>CVS Health Corp (CVS.N) 周三报告称，由于美国各地德尔塔变异毒株病例的激增提振了对检测和 COVID-19 疫苗接种的需求，季度销售额增长了 10%。</blockquote></p><p> Its&nbsp;shares&nbsp;slid&nbsp;over&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/307449c61d2bc002f0f0f667e7b25c08\" tg-width=\"777\" tg-height=\"569\" width=\"100%\" height=\"auto\"></p><p><blockquote>其股价在盘前交易中下跌超过 1%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CVS":"西维斯健康"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128259542","content_text":"CVS Health Corp(CVS.N)reported a 10% rise in quarterly sales on Wednesday, as a surge in Delta variant cases across the United States bolstered demand for tests and COVID-19 vaccinations.\nIts shares slid over 1% in premarket trading.","news_type":1,"symbols_score_info":{"CVS":0.9,"RR1":0.9}},"isVote":1,"tweetType":1,"viewCount":1166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841755008,"gmtCreate":1635945436397,"gmtModify":1635945436567,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/841755008","repostId":"1125884187","repostType":4,"repost":{"id":"1125884187","kind":"news","pubTimestamp":1635944999,"share":"https://www.laohunote.com/m/news/1125884187?lang=zh_CN&edition=full","pubTime":"2021-11-03 21:09","market":"us","language":"en","title":"Apple Stock: How Does Transition Away From Intel Chips Impact Business Outlook?<blockquote>苹果股票：放弃英特尔芯片如何影响商业前景？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1125884187","media":"Seeking Alpha","summary":"Summary\n\nApple's new chips, the M1 Pro and the M1 Max, are very powerful and energy-efficient at the","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Apple's new chips, the M1 Pro and the M1 Max, are very powerful and energy-efficient at the same time.</li>  <li>Getting rid of Intel and taking control of the chips it uses fits well with Apple's strategy, and its products will become more attractive.</li>  <li>Overall, Apple still doesn't look like a great buy today, mainly due to a too-high valuation.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/03a6d9440c644482577c587ef65ade11\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>David Paul Morris/Getty Images News</span></p><p><blockquote><ul><li>苹果的新芯片M1 Pro和M1 Max非常强大，同时也非常节能。</li><li>摆脱英特尔并控制其使用的芯片，非常符合苹果的战略，其产品将变得更具吸引力。</li><li>总体而言，苹果今天看起来仍然不太值得购买，主要是因为估值过高。</li></ul><p class=\"t-img-caption\"><span>大卫·保罗·莫里斯/盖蒂图片社新闻</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Apple(NASDAQ:AAPL)has been increasing its focus on developing and using its own silicon for its laptops. Thanks to strong performance metrics and excellent power/performance ratios, these new chips, such as the M1 Pro and the M1 Max should help improve the value proposition of Apple's MacBooks, which could lead to higher market share. MacBooks aren't Apple's most important product by far, but over the years, moving away from Intel(NASDAQ:INTC)should still be an incremental positive for Apple.</p><p><blockquote>苹果（纳斯达克股票代码：AAPL）一直越来越关注为其笔记本电脑开发和使用自己的芯片。由于强大的性能指标和出色的功率/性能比，这些新芯片，如M1 Pro和M1 Max，应该有助于提高苹果MacBook的价值主张，这可能会导致更高的市场份额。到目前为止，MacBook 还不是苹果最重要的产品，但多年来，摆脱英特尔（纳斯达克股票代码：INTC）对苹果来说仍然是一个渐进的积极因素。</blockquote></p><p> <b>Did Apple Use Intel Chips?</b></p><p><blockquote><b>苹果用的是英特尔芯片吗？</b></blockquote></p><p> Apple's Macs had been using Intel processors&nbsp;for 15 years, but that has changed with recent new Mac and MacBook releases. In 2020, Apple has showcased laptops and a Mac that use its own chip, the M1, for the first time, ending the partnership with Intel that had been running for well over a decade. Intel's chips had been using the X86 technology, whereas the chips that Apple develops utilize the ARM architecture -- the one that it also had been using for its iPhone and iPad chips for a long period of time. In the past, ARM-based chips had not been powerful enough for the more demanding applications and use cases that play a role for PCs. Apple has now, however, closed that performance gap, which allows them to use its own ARM-based silicon to power its Macs and MacBooks in the future.</p><p><blockquote>苹果的Mac电脑已经使用英特尔处理器15年了，但随着最近新的Mac和MacBook的发布，这种情况发生了变化。2020年，苹果首次展示了使用自己芯片M1的笔记本电脑和Mac，结束了与英特尔长达十多年的合作关系。英特尔的芯片一直使用X86技术，而苹果开发的芯片使用ARM架构——它也在其iPhone和iPad芯片中使用了很长一段时间。在过去，基于ARM的芯片对于在PC中发挥作用的要求更高的应用和用例来说还不够强大。然而，苹果现在已经缩小了这一性能差距，这使得他们能够在未来使用自己的基于ARM的芯片为其Mac和MacBook提供动力。</blockquote></p><p> <b>What Are Apple's Newest Chips?</b></p><p><blockquote><b>苹果最新的芯片有哪些？</b></blockquote></p><p> In the laptop and PC space, Apple's newest chips are the M1 Pro and M1 Max, following up on last year's M1 chip. These new chips are being offered in the MacBook Pro and,presumably, in the 2022 MacBook Pro. These chips do, according to Apple, provide an unprecedented performance relative to the power they consume:</p><p><blockquote>在笔记本电脑和个人电脑领域，苹果最新的芯片是M1 Pro和M1 Max，是去年M1芯片的后续产品。这些新芯片将在MacBook Pro中提供，大概也将在2022年的MacBook Pro中提供。根据苹果的说法，这些芯片确实提供了相对于其消耗的功率而言前所未有的性能：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ea5c5be296a3e4ee0ca481937b02087\" tg-width=\"640\" tg-height=\"415\" width=\"100%\" height=\"auto\"><span>Source: Apple</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：苹果</span></p></blockquote></p><p> With up to 10 CPU cores, up to 32 GPU cores, and up to 64 GB of shared RAM, Apple's newest chips offer outstanding performance. As we can see in the above chart, this performance is achieved at considerably lower power consumption relative to current chips by competitors. This is especially important when it comes to Apple's MacBooks, as power consumption is highly important for laptops. Not only does lower power consumption lead to lower operating costs, but the laptop can also be constructed with lower battery capacity, all else equal, which translates into an improved form factor and lower weight. This, in turn, will make the new laptops more user-friendly, which should attract more buyers and help Apple expand its market share.</p><p><blockquote>苹果的最新芯片拥有多达10个CPU核心、多达32个GPU核心和多达64 GB的共享RAM，性能卓越。正如我们在上图中看到的，相对于竞争对手的当前芯片，这种性能是在相当低的功耗下实现的。对于苹果的MacBook来说，这一点尤为重要，因为功耗对于笔记本电脑来说非常重要。更低的功耗不仅导致更低的运营成本，而且在其他条件相同的情况下，笔记本电脑还可以用更低的电池容量来构建，这转化为改进的外形和更低的重量。这反过来将使新笔记本电脑更加用户友好，这应该会吸引更多的买家，并帮助苹果扩大其市场份额。</blockquote></p><p> <b>Why Is Apple Transitioning Away From Intel Chips?</b></p><p><blockquote><b>为什么苹果要放弃英特尔芯片？</b></blockquote></p><p> There are several reasons for Apple's decision to move away from Intel and to develop its own chips for its laptops and PCs. First, this move gives Apple more control over core technologies and makes the company less dependent on suppliers. If Apple wants to make changes to its chips it can easily do that and put the engineering focus where it sees the biggest potential gains or benefits. While Apple was using Intel's chips, it was dependent on smart R&amp;D by Intel, and thus not in control. This fits well with Apple's strategy that is sometimes called the&nbsp;<i>Tim Cook Doctrine</i>. The CEO has&nbsp;explained&nbsp;that Apple has a&nbsp;<i>“long-term strategy of owning and controlling the primary technologies behind the products that we make.”</i>Getting more control over the chips it uses in laptops and PCs is just a relatively logical step for a company that seeks to increase its ownership in key technologies for its products in order to become more dominant and less dependent on suppliers over time.</p><p><blockquote>苹果决定摆脱英特尔，为其笔记本电脑和个人电脑开发自己的芯片有几个原因。首先，此举让苹果对核心技术有了更多的控制权，并使该公司对供应商的依赖减少。如果苹果想对其芯片进行改变，它可以很容易地做到这一点，并将工程重点放在它看到最大潜在收益或好处的地方。虽然苹果使用英特尔的芯片，但它依赖于英特尔的智能研发，因此无法控制。这与苹果的战略非常吻合，有时被称为<i>蒂姆·库克主义</i>首席执行官解释说，苹果有一个<i>“拥有和控制我们所生产产品背后的核心技术的长期战略”。</i>对于一家寻求增加其产品关键技术所有权的公司来说，获得对笔记本电脑和个人电脑中使用的芯片的更多控制权只是一个相对合乎逻辑的步骤，以便随着时间的推移变得更具主导地位，减少对供应商的依赖。</blockquote></p><p> On top of that, technological progress has allowed ARM chips to increase their performance relative to X86 chips over the last couple of years. Due to the better efficiency of these chips and the huge benefits this efficiency guarantees in the notebook space, it is logical for Apple to pursue ARM-based chips instead of Intel's X86 architecture as this allows Apple to craft a better overall product.</p><p><blockquote>最重要的是，技术进步使得ARM芯片在过去几年中相对于X86芯片提高了性能。由于这些芯片的更好效率以及这种效率在笔记本电脑领域保证的巨大好处，苹果追求基于ARM的芯片而不是英特尔的X86架构是合乎逻辑的，因为这使得苹果能够打造更好的整体产品。</blockquote></p><p> In short, there are thus both strategic reasons for Apple to move away from Intel, while there are also technical reasons that make ARM-based chips look favorable relative to what Apple was able to buy from Intel.</p><p><blockquote>简而言之，因此苹果放弃英特尔既有战略原因，也有技术原因使得基于ARM的芯片相对于苹果能够从英特尔购买的芯片看起来更有利。</blockquote></p><p></p><p> <b>Apple Stock Forecast</b></p><p><blockquote><b>苹果股票预测</b></blockquote></p><p> With the introduction of the most recent high-powered and highly efficient chips, Apple should be able to strengthen its position in the higher-end laptop and PC space over the coming year, and likely beyond, as the company will continue to improve its chips going forward.</p><p><blockquote>随着最新高功率和高效率芯片的推出，苹果应该能够在未来一年甚至更长时间内加强其在高端笔记本电脑和个人电脑领域的地位，因为该公司将继续改进其芯片。</blockquote></p><p> The market for PCs has been relatively strong in 2020 and 2021, on the back of more people working from home. On top of that, distance learning, due to school closures, and more demand for home entertainment, due to lockdowns that reduced the availability of out-of-house entertainment choices, have been beneficial for the global PC market over the last one and a half years. Gartner&nbsp;states&nbsp;that PC shipments rose by 1% during the third quarter, on top of a&nbsp;4%&nbsp;growth rate in 2020, which had been the best year over the preceding decade. Gartner also estimates that Apple was the number four company in global PC market share, with an 8.6% market share:</p><p><blockquote>由于越来越多的人在家工作，个人电脑市场在2020年和2021年相对强劲。最重要的是，由于学校关闭而导致的远程学习，以及由于封锁减少了户外娱乐选择的可用性，对家庭娱乐的更多需求，在过去一年半中有利于全球个人电脑市场。Gartner 表示，第三季度个人电脑出货量增长了 1%，而 2020 年的增长率为 4%，而 2020 年是过去十年中最好的一年。Gartner还估计，苹果是全球PC市场份额第四大公司，市场份额为8.6%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80d8d6789d1c411907024a3576277475\" tg-width=\"640\" tg-height=\"445\" width=\"100%\" height=\"auto\"><span>Source: Gartner (linked above)</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Gartner（上面链接）</span></p></blockquote></p><p> Apple was able to grow its market share by 50 basis points, which allowed the company to grow its overall sales by 7%, which was well above the overall market growth. Thanks to the introduction of its new and highly capable chips, it would not be a surprise to see Apple gain further market share in the coming years.</p><p><blockquote>苹果的市场份额增长了 50 个基点，这使得该公司的整体销售额增长了 7%，远高于整体市场增长。由于推出了新的高性能芯片，苹果在未来几年进一步获得市场份额也就不足为奇了。</blockquote></p><p> Apple's PC and laptop business is, however, not overly large relative to the company's overall size. This is why solid growth in the PC space will not necessarily lead to huge growth for the company overall. Apple is highly dependent on iPhone sales as those make up the majority of the company's revenue and profits. Apple recently had to announce that it would cut iPhone 13 shipments&nbsp;by 10 million&nbsp;in Q4 due to part shortages, which doesn't bode too well for the company's near-term outlook. Once part shortages have ended, production should expand again, but the iPhone business nevertheless isn't a high-growth franchise.</p><p><blockquote>然而，相对于公司的整体规模，苹果的个人电脑和笔记本电脑业务并不算太大。这就是为什么个人电脑领域的稳健增长不一定会给公司带来巨大的整体增长。苹果高度依赖 iPhone 销售，因为这些销售构成了公司收入和利润的大部分。苹果最近不得不宣布，由于零部件短缺，第四季度将 iPhone 13 出货量削减 1000 万部，这对该公司的近期前景来说不是好兆头。一旦零件短缺结束，生产应该会再次扩大，但iPhone业务仍然不是一个高增长的特许经营权。</blockquote></p><p> With much of the top line being dependent on the lower-growth iPhone business, it is not too surprising to see that analysts aren't predicting a lot of growth for Apple going forward:</p><p><blockquote>由于大部分营收依赖于增长较低的 iPhone 业务，分析师预测苹果未来不会出现大幅增长也就不足为奇了：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59ba4b8335c70daaec148cbf01c9c24e\" tg-width=\"640\" tg-height=\"156\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Seeking Alpha</span></p></blockquote></p><p> For the current year, analysts are predicting a 4% revenue increase, with a 5% top-line improvement being expected for the following year. Beyond that, however, growth is forecasted to decelerate. It is, of course, possible that Apple will outperform expectations, but it should be noted that the company actually&nbsp;missed&nbsp;estimates for the most recent quarter, breaking a very solid record of beating estimates. It is thus not guaranteed that Apple's actual performance will be better than the ~3% annual growth that analysts are forecasting today.</p><p><blockquote>分析师预计今年收入将增长 4%，明年营收预计将增长 5%。然而，除此之外，预计增长将放缓。当然，苹果的表现有可能超出预期，但应该指出的是，该公司最近一个季度实际上未能达到预期，打破了超出预期的非常坚实的记录。因此，不能保证苹果的实际业绩会好于分析师目前预测的约3%的年增长率。</blockquote></p><p> In the past, Apple has been able to grow its earnings per share way quicker than its revenue, thanks to margin improvements and the impact of buybacks. Buybacks will continue to have a positive impact on Apple's earnings per share growth, but most likely not at a similar magnitude compared to what we have seen in the past. When Apple was trading at 10-15x net profits, its buybacks had a lot more power, and the company was able to lower its share count pretty quickly. Today, with shares trading at 26x forward earnings, its share repurchase program is less impactful, as fewer shares can be bought back. This, in turn, leads to a smaller share count decline, which results in less pronounced earnings per share growth tailwinds. Overall, Apple should still be able to grow its earnings per share relatively reliably in the future, but I do believe that the current valuation could be too high for the growth that one can expect going forward.</p><p><blockquote>过去，由于利润率的提高和回购的影响，苹果的每股收益增长速度远远快于收入增长速度。回购将继续对苹果每股收益增长产生积极影响，但与我们过去看到的情况相比，其影响程度很可能不会类似。当苹果的交易价格为净利润的 10-15 倍时，其回购拥有更大的权力，该公司能够很快减少其股票数量。如今，由于股价远期市盈率为 26 倍，其股票回购计划的影响力较小，因为可以回购的股票越来越少。这反过来又导致股票数量下降幅度较小，从而导致每股收益增长的推动力不太明显。总体而言，苹果未来应该仍然能够相对可靠地增长每股收益，但我确实相信，目前的估值对于未来的增长来说可能太高了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fdd3345ac6ca823a3dbc32016209746\" tg-width=\"635\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Analysts are currently predicting that Apple will earn $5.70 during the current fiscal year (which ends in September 2022), while earnings per share for the following two years are seen at $6.04 and $6.42. This pencils out to a growth rate of around 6% over these two years, which isn't disastrous at all, but it's also far from excellent. When we consider that Apple trades at 26x forward earnings today, while the median earnings multiple over the last decade is just 16, then Apple does not look like an exciting investment, I believe.</p><p><blockquote>分析师目前预测苹果在本财年（截至 2022 年 9 月）的盈利为 5.70 美元，而未来两年的每股收益分别为 6.04 美元和 6.42 美元。这意味着这两年的增长率约为 6%，这根本不是灾难性的，但也远非优秀。当我们考虑到苹果目前的远期市盈率为 26 倍，而过去十年的市盈率中位数仅为 16 倍时，我认为苹果看起来并不是一项令人兴奋的投资。</blockquote></p><p> <b>Is Apple Stock A Buy, Sell, Or Hold?</b></p><p><blockquote><b>苹果股票是买入、卖出还是持有？</b></blockquote></p><p></p><p> In the very long term, an investment in Apple will in all likelihood generate positive returns. Those could still be at a level that isn't especially attractive, however. With Apple entering a phase of somewhat subdued growth, while shares are historically expensive, I believe that the total return outlook isn't too great with shares trading at $150.</p><p><blockquote>从长远来看，投资苹果很可能会产生正回报。然而，这些水平可能仍然不是特别有吸引力。随着苹果进入增长有些疲软的阶段，而股价历来昂贵，我相信股价在 150 美元时的总回报前景不会太好。</blockquote></p><p> Apple will likely make gains in the PC space, but this alone will not be enough to move Apple's top line by a large amount, due to the fact that the PC and laptop business is relatively small in comparison to the much larger iPhone business. With some revenue growth and the impact of buybacks, 6%-10% annual earnings per share growth seems achievable, but I don't think that paying more than 25x forward earnings for that growth makes for a great investment proposal. Overall, I think Apple is a<i>Hold</i>at current prices, due to its relatively high valuation.</p><p><blockquote>苹果可能会在个人电脑领域取得收益，但仅凭这一点还不足以大幅推动苹果的营收，因为与规模大得多的iPhone业务相比，个人电脑和笔记本电脑业务相对较小。随着一些收入增长和回购的影响，6%-10% 的每股年度收益增长似乎是可以实现的，但我认为为这种增长支付超过 25 倍的远期收益并不是一个很好的投资建议。总的来说，我认为苹果是一个<i>抓住</i>按当前价格计算，由于其估值相对较高。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock: How Does Transition Away From Intel Chips Impact Business Outlook?<blockquote>苹果股票：放弃英特尔芯片如何影响商业前景？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock: How Does Transition Away From Intel Chips Impact Business Outlook?<blockquote>苹果股票：放弃英特尔芯片如何影响商业前景？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-11-03 21:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Apple's new chips, the M1 Pro and the M1 Max, are very powerful and energy-efficient at the same time.</li>  <li>Getting rid of Intel and taking control of the chips it uses fits well with Apple's strategy, and its products will become more attractive.</li>  <li>Overall, Apple still doesn't look like a great buy today, mainly due to a too-high valuation.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/03a6d9440c644482577c587ef65ade11\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>David Paul Morris/Getty Images News</span></p><p><blockquote><ul><li>苹果的新芯片M1 Pro和M1 Max非常强大，同时也非常节能。</li><li>摆脱英特尔并控制其使用的芯片，非常符合苹果的战略，其产品将变得更具吸引力。</li><li>总体而言，苹果今天看起来仍然不太值得购买，主要是因为估值过高。</li></ul><p class=\"t-img-caption\"><span>大卫·保罗·莫里斯/盖蒂图片社新闻</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Apple(NASDAQ:AAPL)has been increasing its focus on developing and using its own silicon for its laptops. Thanks to strong performance metrics and excellent power/performance ratios, these new chips, such as the M1 Pro and the M1 Max should help improve the value proposition of Apple's MacBooks, which could lead to higher market share. MacBooks aren't Apple's most important product by far, but over the years, moving away from Intel(NASDAQ:INTC)should still be an incremental positive for Apple.</p><p><blockquote>苹果（纳斯达克股票代码：AAPL）一直越来越关注为其笔记本电脑开发和使用自己的芯片。由于强大的性能指标和出色的功率/性能比，这些新芯片，如M1 Pro和M1 Max，应该有助于提高苹果MacBook的价值主张，这可能会导致更高的市场份额。到目前为止，MacBook 还不是苹果最重要的产品，但多年来，摆脱英特尔（纳斯达克股票代码：INTC）对苹果来说仍然是一个渐进的积极因素。</blockquote></p><p> <b>Did Apple Use Intel Chips?</b></p><p><blockquote><b>苹果用的是英特尔芯片吗？</b></blockquote></p><p> Apple's Macs had been using Intel processors&nbsp;for 15 years, but that has changed with recent new Mac and MacBook releases. In 2020, Apple has showcased laptops and a Mac that use its own chip, the M1, for the first time, ending the partnership with Intel that had been running for well over a decade. Intel's chips had been using the X86 technology, whereas the chips that Apple develops utilize the ARM architecture -- the one that it also had been using for its iPhone and iPad chips for a long period of time. In the past, ARM-based chips had not been powerful enough for the more demanding applications and use cases that play a role for PCs. Apple has now, however, closed that performance gap, which allows them to use its own ARM-based silicon to power its Macs and MacBooks in the future.</p><p><blockquote>苹果的Mac电脑已经使用英特尔处理器15年了，但随着最近新的Mac和MacBook的发布，这种情况发生了变化。2020年，苹果首次展示了使用自己芯片M1的笔记本电脑和Mac，结束了与英特尔长达十多年的合作关系。英特尔的芯片一直使用X86技术，而苹果开发的芯片使用ARM架构——它也在其iPhone和iPad芯片中使用了很长一段时间。在过去，基于ARM的芯片对于在PC中发挥作用的要求更高的应用和用例来说还不够强大。然而，苹果现在已经缩小了这一性能差距，这使得他们能够在未来使用自己的基于ARM的芯片为其Mac和MacBook提供动力。</blockquote></p><p> <b>What Are Apple's Newest Chips?</b></p><p><blockquote><b>苹果最新的芯片有哪些？</b></blockquote></p><p> In the laptop and PC space, Apple's newest chips are the M1 Pro and M1 Max, following up on last year's M1 chip. These new chips are being offered in the MacBook Pro and,presumably, in the 2022 MacBook Pro. These chips do, according to Apple, provide an unprecedented performance relative to the power they consume:</p><p><blockquote>在笔记本电脑和个人电脑领域，苹果最新的芯片是M1 Pro和M1 Max，是去年M1芯片的后续产品。这些新芯片将在MacBook Pro中提供，大概也将在2022年的MacBook Pro中提供。根据苹果的说法，这些芯片确实提供了相对于其消耗的功率而言前所未有的性能：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ea5c5be296a3e4ee0ca481937b02087\" tg-width=\"640\" tg-height=\"415\" width=\"100%\" height=\"auto\"><span>Source: Apple</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：苹果</span></p></blockquote></p><p> With up to 10 CPU cores, up to 32 GPU cores, and up to 64 GB of shared RAM, Apple's newest chips offer outstanding performance. As we can see in the above chart, this performance is achieved at considerably lower power consumption relative to current chips by competitors. This is especially important when it comes to Apple's MacBooks, as power consumption is highly important for laptops. Not only does lower power consumption lead to lower operating costs, but the laptop can also be constructed with lower battery capacity, all else equal, which translates into an improved form factor and lower weight. This, in turn, will make the new laptops more user-friendly, which should attract more buyers and help Apple expand its market share.</p><p><blockquote>苹果的最新芯片拥有多达10个CPU核心、多达32个GPU核心和多达64 GB的共享RAM，性能卓越。正如我们在上图中看到的，相对于竞争对手的当前芯片，这种性能是在相当低的功耗下实现的。对于苹果的MacBook来说，这一点尤为重要，因为功耗对于笔记本电脑来说非常重要。更低的功耗不仅导致更低的运营成本，而且在其他条件相同的情况下，笔记本电脑还可以用更低的电池容量来构建，这转化为改进的外形和更低的重量。这反过来将使新笔记本电脑更加用户友好，这应该会吸引更多的买家，并帮助苹果扩大其市场份额。</blockquote></p><p> <b>Why Is Apple Transitioning Away From Intel Chips?</b></p><p><blockquote><b>为什么苹果要放弃英特尔芯片？</b></blockquote></p><p> There are several reasons for Apple's decision to move away from Intel and to develop its own chips for its laptops and PCs. First, this move gives Apple more control over core technologies and makes the company less dependent on suppliers. If Apple wants to make changes to its chips it can easily do that and put the engineering focus where it sees the biggest potential gains or benefits. While Apple was using Intel's chips, it was dependent on smart R&amp;D by Intel, and thus not in control. This fits well with Apple's strategy that is sometimes called the&nbsp;<i>Tim Cook Doctrine</i>. The CEO has&nbsp;explained&nbsp;that Apple has a&nbsp;<i>“long-term strategy of owning and controlling the primary technologies behind the products that we make.”</i>Getting more control over the chips it uses in laptops and PCs is just a relatively logical step for a company that seeks to increase its ownership in key technologies for its products in order to become more dominant and less dependent on suppliers over time.</p><p><blockquote>苹果决定摆脱英特尔，为其笔记本电脑和个人电脑开发自己的芯片有几个原因。首先，此举让苹果对核心技术有了更多的控制权，并使该公司对供应商的依赖减少。如果苹果想对其芯片进行改变，它可以很容易地做到这一点，并将工程重点放在它看到最大潜在收益或好处的地方。虽然苹果使用英特尔的芯片，但它依赖于英特尔的智能研发，因此无法控制。这与苹果的战略非常吻合，有时被称为<i>蒂姆·库克主义</i>首席执行官解释说，苹果有一个<i>“拥有和控制我们所生产产品背后的核心技术的长期战略”。</i>对于一家寻求增加其产品关键技术所有权的公司来说，获得对笔记本电脑和个人电脑中使用的芯片的更多控制权只是一个相对合乎逻辑的步骤，以便随着时间的推移变得更具主导地位，减少对供应商的依赖。</blockquote></p><p> On top of that, technological progress has allowed ARM chips to increase their performance relative to X86 chips over the last couple of years. Due to the better efficiency of these chips and the huge benefits this efficiency guarantees in the notebook space, it is logical for Apple to pursue ARM-based chips instead of Intel's X86 architecture as this allows Apple to craft a better overall product.</p><p><blockquote>最重要的是，技术进步使得ARM芯片在过去几年中相对于X86芯片提高了性能。由于这些芯片的更好效率以及这种效率在笔记本电脑领域保证的巨大好处，苹果追求基于ARM的芯片而不是英特尔的X86架构是合乎逻辑的，因为这使得苹果能够打造更好的整体产品。</blockquote></p><p> In short, there are thus both strategic reasons for Apple to move away from Intel, while there are also technical reasons that make ARM-based chips look favorable relative to what Apple was able to buy from Intel.</p><p><blockquote>简而言之，因此苹果放弃英特尔既有战略原因，也有技术原因使得基于ARM的芯片相对于苹果能够从英特尔购买的芯片看起来更有利。</blockquote></p><p></p><p> <b>Apple Stock Forecast</b></p><p><blockquote><b>苹果股票预测</b></blockquote></p><p> With the introduction of the most recent high-powered and highly efficient chips, Apple should be able to strengthen its position in the higher-end laptop and PC space over the coming year, and likely beyond, as the company will continue to improve its chips going forward.</p><p><blockquote>随着最新高功率和高效率芯片的推出，苹果应该能够在未来一年甚至更长时间内加强其在高端笔记本电脑和个人电脑领域的地位，因为该公司将继续改进其芯片。</blockquote></p><p> The market for PCs has been relatively strong in 2020 and 2021, on the back of more people working from home. On top of that, distance learning, due to school closures, and more demand for home entertainment, due to lockdowns that reduced the availability of out-of-house entertainment choices, have been beneficial for the global PC market over the last one and a half years. Gartner&nbsp;states&nbsp;that PC shipments rose by 1% during the third quarter, on top of a&nbsp;4%&nbsp;growth rate in 2020, which had been the best year over the preceding decade. Gartner also estimates that Apple was the number four company in global PC market share, with an 8.6% market share:</p><p><blockquote>由于越来越多的人在家工作，个人电脑市场在2020年和2021年相对强劲。最重要的是，由于学校关闭而导致的远程学习，以及由于封锁减少了户外娱乐选择的可用性，对家庭娱乐的更多需求，在过去一年半中有利于全球个人电脑市场。Gartner 表示，第三季度个人电脑出货量增长了 1%，而 2020 年的增长率为 4%，而 2020 年是过去十年中最好的一年。Gartner还估计，苹果是全球PC市场份额第四大公司，市场份额为8.6%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80d8d6789d1c411907024a3576277475\" tg-width=\"640\" tg-height=\"445\" width=\"100%\" height=\"auto\"><span>Source: Gartner (linked above)</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Gartner（上面链接）</span></p></blockquote></p><p> Apple was able to grow its market share by 50 basis points, which allowed the company to grow its overall sales by 7%, which was well above the overall market growth. Thanks to the introduction of its new and highly capable chips, it would not be a surprise to see Apple gain further market share in the coming years.</p><p><blockquote>苹果的市场份额增长了 50 个基点，这使得该公司的整体销售额增长了 7%，远高于整体市场增长。由于推出了新的高性能芯片，苹果在未来几年进一步获得市场份额也就不足为奇了。</blockquote></p><p> Apple's PC and laptop business is, however, not overly large relative to the company's overall size. This is why solid growth in the PC space will not necessarily lead to huge growth for the company overall. Apple is highly dependent on iPhone sales as those make up the majority of the company's revenue and profits. Apple recently had to announce that it would cut iPhone 13 shipments&nbsp;by 10 million&nbsp;in Q4 due to part shortages, which doesn't bode too well for the company's near-term outlook. Once part shortages have ended, production should expand again, but the iPhone business nevertheless isn't a high-growth franchise.</p><p><blockquote>然而，相对于公司的整体规模，苹果的个人电脑和笔记本电脑业务并不算太大。这就是为什么个人电脑领域的稳健增长不一定会给公司带来巨大的整体增长。苹果高度依赖 iPhone 销售，因为这些销售构成了公司收入和利润的大部分。苹果最近不得不宣布，由于零部件短缺，第四季度将 iPhone 13 出货量削减 1000 万部，这对该公司的近期前景来说不是好兆头。一旦零件短缺结束，生产应该会再次扩大，但iPhone业务仍然不是一个高增长的特许经营权。</blockquote></p><p> With much of the top line being dependent on the lower-growth iPhone business, it is not too surprising to see that analysts aren't predicting a lot of growth for Apple going forward:</p><p><blockquote>由于大部分营收依赖于增长较低的 iPhone 业务，分析师预测苹果未来不会出现大幅增长也就不足为奇了：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59ba4b8335c70daaec148cbf01c9c24e\" tg-width=\"640\" tg-height=\"156\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Seeking Alpha</span></p></blockquote></p><p> For the current year, analysts are predicting a 4% revenue increase, with a 5% top-line improvement being expected for the following year. Beyond that, however, growth is forecasted to decelerate. It is, of course, possible that Apple will outperform expectations, but it should be noted that the company actually&nbsp;missed&nbsp;estimates for the most recent quarter, breaking a very solid record of beating estimates. It is thus not guaranteed that Apple's actual performance will be better than the ~3% annual growth that analysts are forecasting today.</p><p><blockquote>分析师预计今年收入将增长 4%，明年营收预计将增长 5%。然而，除此之外，预计增长将放缓。当然，苹果的表现有可能超出预期，但应该指出的是，该公司最近一个季度实际上未能达到预期，打破了超出预期的非常坚实的记录。因此，不能保证苹果的实际业绩会好于分析师目前预测的约3%的年增长率。</blockquote></p><p> In the past, Apple has been able to grow its earnings per share way quicker than its revenue, thanks to margin improvements and the impact of buybacks. Buybacks will continue to have a positive impact on Apple's earnings per share growth, but most likely not at a similar magnitude compared to what we have seen in the past. When Apple was trading at 10-15x net profits, its buybacks had a lot more power, and the company was able to lower its share count pretty quickly. Today, with shares trading at 26x forward earnings, its share repurchase program is less impactful, as fewer shares can be bought back. This, in turn, leads to a smaller share count decline, which results in less pronounced earnings per share growth tailwinds. Overall, Apple should still be able to grow its earnings per share relatively reliably in the future, but I do believe that the current valuation could be too high for the growth that one can expect going forward.</p><p><blockquote>过去，由于利润率的提高和回购的影响，苹果的每股收益增长速度远远快于收入增长速度。回购将继续对苹果每股收益增长产生积极影响，但与我们过去看到的情况相比，其影响程度很可能不会类似。当苹果的交易价格为净利润的 10-15 倍时，其回购拥有更大的权力，该公司能够很快减少其股票数量。如今，由于股价远期市盈率为 26 倍，其股票回购计划的影响力较小，因为可以回购的股票越来越少。这反过来又导致股票数量下降幅度较小，从而导致每股收益增长的推动力不太明显。总体而言，苹果未来应该仍然能够相对可靠地增长每股收益，但我确实相信，目前的估值对于未来的增长来说可能太高了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fdd3345ac6ca823a3dbc32016209746\" tg-width=\"635\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Analysts are currently predicting that Apple will earn $5.70 during the current fiscal year (which ends in September 2022), while earnings per share for the following two years are seen at $6.04 and $6.42. This pencils out to a growth rate of around 6% over these two years, which isn't disastrous at all, but it's also far from excellent. When we consider that Apple trades at 26x forward earnings today, while the median earnings multiple over the last decade is just 16, then Apple does not look like an exciting investment, I believe.</p><p><blockquote>分析师目前预测苹果在本财年（截至 2022 年 9 月）的盈利为 5.70 美元，而未来两年的每股收益分别为 6.04 美元和 6.42 美元。这意味着这两年的增长率约为 6%，这根本不是灾难性的，但也远非优秀。当我们考虑到苹果目前的远期市盈率为 26 倍，而过去十年的市盈率中位数仅为 16 倍时，我认为苹果看起来并不是一项令人兴奋的投资。</blockquote></p><p> <b>Is Apple Stock A Buy, Sell, Or Hold?</b></p><p><blockquote><b>苹果股票是买入、卖出还是持有？</b></blockquote></p><p></p><p> In the very long term, an investment in Apple will in all likelihood generate positive returns. Those could still be at a level that isn't especially attractive, however. With Apple entering a phase of somewhat subdued growth, while shares are historically expensive, I believe that the total return outlook isn't too great with shares trading at $150.</p><p><blockquote>从长远来看，投资苹果很可能会产生正回报。然而，这些水平可能仍然不是特别有吸引力。随着苹果进入增长有些疲软的阶段，而股价历来昂贵，我相信股价在 150 美元时的总回报前景不会太好。</blockquote></p><p> Apple will likely make gains in the PC space, but this alone will not be enough to move Apple's top line by a large amount, due to the fact that the PC and laptop business is relatively small in comparison to the much larger iPhone business. With some revenue growth and the impact of buybacks, 6%-10% annual earnings per share growth seems achievable, but I don't think that paying more than 25x forward earnings for that growth makes for a great investment proposal. Overall, I think Apple is a<i>Hold</i>at current prices, due to its relatively high valuation.</p><p><blockquote>苹果可能会在个人电脑领域取得收益，但仅凭这一点还不足以大幅推动苹果的营收，因为与规模大得多的iPhone业务相比，个人电脑和笔记本电脑业务相对较小。随着一些收入增长和回购的影响，6%-10% 的每股年度收益增长似乎是可以实现的，但我认为为这种增长支付超过 25 倍的远期收益并不是一个很好的投资建议。总的来说，我认为苹果是一个<i>抓住</i>按当前价格计算，由于其估值相对较高。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4464531-apple-stock-transition-intel-chips\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4464531-apple-stock-transition-intel-chips","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125884187","content_text":"Summary\n\nApple's new chips, the M1 Pro and the M1 Max, are very powerful and energy-efficient at the same time.\nGetting rid of Intel and taking control of the chips it uses fits well with Apple's strategy, and its products will become more attractive.\nOverall, Apple still doesn't look like a great buy today, mainly due to a too-high valuation.\n\nDavid Paul Morris/Getty Images News\nArticle Thesis\nApple(NASDAQ:AAPL)has been increasing its focus on developing and using its own silicon for its laptops. Thanks to strong performance metrics and excellent power/performance ratios, these new chips, such as the M1 Pro and the M1 Max should help improve the value proposition of Apple's MacBooks, which could lead to higher market share. MacBooks aren't Apple's most important product by far, but over the years, moving away from Intel(NASDAQ:INTC)should still be an incremental positive for Apple.\nDid Apple Use Intel Chips?\nApple's Macs had been using Intel processors for 15 years, but that has changed with recent new Mac and MacBook releases. In 2020, Apple has showcased laptops and a Mac that use its own chip, the M1, for the first time, ending the partnership with Intel that had been running for well over a decade. Intel's chips had been using the X86 technology, whereas the chips that Apple develops utilize the ARM architecture -- the one that it also had been using for its iPhone and iPad chips for a long period of time. In the past, ARM-based chips had not been powerful enough for the more demanding applications and use cases that play a role for PCs. Apple has now, however, closed that performance gap, which allows them to use its own ARM-based silicon to power its Macs and MacBooks in the future.\nWhat Are Apple's Newest Chips?\nIn the laptop and PC space, Apple's newest chips are the M1 Pro and M1 Max, following up on last year's M1 chip. These new chips are being offered in the MacBook Pro and,presumably, in the 2022 MacBook Pro. These chips do, according to Apple, provide an unprecedented performance relative to the power they consume:\nSource: Apple\nWith up to 10 CPU cores, up to 32 GPU cores, and up to 64 GB of shared RAM, Apple's newest chips offer outstanding performance. As we can see in the above chart, this performance is achieved at considerably lower power consumption relative to current chips by competitors. This is especially important when it comes to Apple's MacBooks, as power consumption is highly important for laptops. Not only does lower power consumption lead to lower operating costs, but the laptop can also be constructed with lower battery capacity, all else equal, which translates into an improved form factor and lower weight. This, in turn, will make the new laptops more user-friendly, which should attract more buyers and help Apple expand its market share.\nWhy Is Apple Transitioning Away From Intel Chips?\nThere are several reasons for Apple's decision to move away from Intel and to develop its own chips for its laptops and PCs. First, this move gives Apple more control over core technologies and makes the company less dependent on suppliers. If Apple wants to make changes to its chips it can easily do that and put the engineering focus where it sees the biggest potential gains or benefits. While Apple was using Intel's chips, it was dependent on smart R&D by Intel, and thus not in control. This fits well with Apple's strategy that is sometimes called the Tim Cook Doctrine. The CEO has explained that Apple has a “long-term strategy of owning and controlling the primary technologies behind the products that we make.”Getting more control over the chips it uses in laptops and PCs is just a relatively logical step for a company that seeks to increase its ownership in key technologies for its products in order to become more dominant and less dependent on suppliers over time.\nOn top of that, technological progress has allowed ARM chips to increase their performance relative to X86 chips over the last couple of years. Due to the better efficiency of these chips and the huge benefits this efficiency guarantees in the notebook space, it is logical for Apple to pursue ARM-based chips instead of Intel's X86 architecture as this allows Apple to craft a better overall product.\nIn short, there are thus both strategic reasons for Apple to move away from Intel, while there are also technical reasons that make ARM-based chips look favorable relative to what Apple was able to buy from Intel.\nApple Stock Forecast\nWith the introduction of the most recent high-powered and highly efficient chips, Apple should be able to strengthen its position in the higher-end laptop and PC space over the coming year, and likely beyond, as the company will continue to improve its chips going forward.\nThe market for PCs has been relatively strong in 2020 and 2021, on the back of more people working from home. On top of that, distance learning, due to school closures, and more demand for home entertainment, due to lockdowns that reduced the availability of out-of-house entertainment choices, have been beneficial for the global PC market over the last one and a half years. Gartner states that PC shipments rose by 1% during the third quarter, on top of a 4% growth rate in 2020, which had been the best year over the preceding decade. Gartner also estimates that Apple was the number four company in global PC market share, with an 8.6% market share:\nSource: Gartner (linked above)\nApple was able to grow its market share by 50 basis points, which allowed the company to grow its overall sales by 7%, which was well above the overall market growth. Thanks to the introduction of its new and highly capable chips, it would not be a surprise to see Apple gain further market share in the coming years.\nApple's PC and laptop business is, however, not overly large relative to the company's overall size. This is why solid growth in the PC space will not necessarily lead to huge growth for the company overall. Apple is highly dependent on iPhone sales as those make up the majority of the company's revenue and profits. Apple recently had to announce that it would cut iPhone 13 shipments by 10 million in Q4 due to part shortages, which doesn't bode too well for the company's near-term outlook. Once part shortages have ended, production should expand again, but the iPhone business nevertheless isn't a high-growth franchise.\nWith much of the top line being dependent on the lower-growth iPhone business, it is not too surprising to see that analysts aren't predicting a lot of growth for Apple going forward:\nSource: Seeking Alpha\nFor the current year, analysts are predicting a 4% revenue increase, with a 5% top-line improvement being expected for the following year. Beyond that, however, growth is forecasted to decelerate. It is, of course, possible that Apple will outperform expectations, but it should be noted that the company actually missed estimates for the most recent quarter, breaking a very solid record of beating estimates. It is thus not guaranteed that Apple's actual performance will be better than the ~3% annual growth that analysts are forecasting today.\nIn the past, Apple has been able to grow its earnings per share way quicker than its revenue, thanks to margin improvements and the impact of buybacks. Buybacks will continue to have a positive impact on Apple's earnings per share growth, but most likely not at a similar magnitude compared to what we have seen in the past. When Apple was trading at 10-15x net profits, its buybacks had a lot more power, and the company was able to lower its share count pretty quickly. Today, with shares trading at 26x forward earnings, its share repurchase program is less impactful, as fewer shares can be bought back. This, in turn, leads to a smaller share count decline, which results in less pronounced earnings per share growth tailwinds. Overall, Apple should still be able to grow its earnings per share relatively reliably in the future, but I do believe that the current valuation could be too high for the growth that one can expect going forward.\nData by YCharts\nAnalysts are currently predicting that Apple will earn $5.70 during the current fiscal year (which ends in September 2022), while earnings per share for the following two years are seen at $6.04 and $6.42. This pencils out to a growth rate of around 6% over these two years, which isn't disastrous at all, but it's also far from excellent. When we consider that Apple trades at 26x forward earnings today, while the median earnings multiple over the last decade is just 16, then Apple does not look like an exciting investment, I believe.\nIs Apple Stock A Buy, Sell, Or Hold?\nIn the very long term, an investment in Apple will in all likelihood generate positive returns. Those could still be at a level that isn't especially attractive, however. With Apple entering a phase of somewhat subdued growth, while shares are historically expensive, I believe that the total return outlook isn't too great with shares trading at $150.\nApple will likely make gains in the PC space, but this alone will not be enough to move Apple's top line by a large amount, due to the fact that the PC and laptop business is relatively small in comparison to the much larger iPhone business. With some revenue growth and the impact of buybacks, 6%-10% annual earnings per share growth seems achievable, but I don't think that paying more than 25x forward earnings for that growth makes for a great investment proposal. Overall, I think Apple is aHoldat current prices, due to its relatively high valuation.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":857133112,"gmtCreate":1635513065221,"gmtModify":1635513288851,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/857133112","repostId":"854664696","repostType":1,"repost":{"id":854664696,"gmtCreate":1635448431849,"gmtModify":1635461949412,"author":{"id":"3448510341625835","authorId":"3448510341625835","name":"唯物主义","avatar":"https://static.tigerbbs.com/b03878e9cc5326e9e3b84f9c74b3feb1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3448510341625835","idStr":"3448510341625835"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a><a href=\"https://laohu8.com/S/AMZN\">$亚马逊(AMZN)$</a><a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>仅作提醒参考","listText":"<a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a><a href=\"https://laohu8.com/S/AMZN\">$亚马逊(AMZN)$</a><a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>仅作提醒参考","text":"$苹果(AAPL)$$亚马逊(AMZN)$$Facebook(FB)$仅作提醒参考","images":[{"img":"https://static.tigerbbs.com/ac9f9654161acfc3f5c1e01c688cc91d","width":"1170","height":"1633"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854664696","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":832,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":606209348,"gmtCreate":1638879950772,"gmtModify":1638879950850,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087907126409640","authorIdStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/606209348","repostId":"1174056848","repostType":4,"repost":{"id":"1174056848","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638877123,"share":"https://www.laohunote.com/m/news/1174056848?lang=zh_CN&edition=full","pubTime":"2021-12-07 19:38","market":"us","language":"en","title":"Jumia shares jumped nearly 12% in premarket trading<blockquote>Jumia 股价在盘前交易中上涨近 12%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174056848","media":"Tiger Newspress","summary":"Jumia shares jumped nearly 12% in premarket trading on the highlights of 2021 Black Friday.\n\nJumia T","content":"<p>Jumia shares jumped nearly 12% in premarket trading&nbsp;on&nbsp;the&nbsp;highlights&nbsp;of&nbsp;2021 Black Friday.</p><p><blockquote>在 2021 年黑色星期五的亮点中，Jumia 股价在盘前交易中上涨近 12%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/47f292ae31d1d8f6cbf5b019ea8c5068\" tg-width=\"850\" tg-height=\"621\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Jumia Technologies AG&nbsp;announced today the highlights of its Black Friday campaign held between November 5 and November 30, 2021.</p><p><blockquote>Jumia Technologies AG今天宣布了2021年11月5日至11月30日期间举行的黑色星期五活动的亮点。</blockquote></p><p> <b><u>Engaging Consumers</u></b></p><p><blockquote><b><u>吸引消费者</u></b></blockquote></p><p> Based on preliminary numbers, Jumia recorded in 2021 its largest ever Black Friday campaign, with GMV reaching $150 million, up 30% year-over-year, and Orders reaching 4.3 million, up 39% year-over-year. Having introduced the Black Friday shopping festival concept in Africa in 2012, it has now become a much-awaited campaign for its consumers, sellers and ecosystem partners.</p><p><blockquote>根据初步数据，Jumia在2021年创下了有史以来最大的黑色星期五活动，GMV达到1.5亿美元，同比增长30%，订单达到430万份，同比增长39%。自2012年在非洲推出黑色星期五购物节概念以来，它现在已经成为消费者、卖家和生态系统合作伙伴期待已久的活动。</blockquote></p><p> As part of the event, Jumia seek to offer its consumers attractive deals on a broad range of relevant products, alongside engaging and localized content such as games, videos, original music and offline events. Jumia posted a record of almost 40 million unique visitors to its platforms, an increase of 27% year-over-year, while its campaign video content recorded almost 190 million views on social media.</p><p><blockquote>作为活动的一部分，Jumia寻求为其消费者提供广泛相关产品的有吸引力的交易，以及游戏、视频、原创音乐和线下活动等引人入胜的本地化内容。Jumia在其平台上发布了近4000万独立访问者的记录，同比增长27%，而其活动视频内容在社交媒体上的观看次数接近1.9亿次。</blockquote></p><p> their consumers are increasingly turning to Jumia for their everyday needs with the top 3 fastest growing physical goods categories in volume terms being Fast Moving Consumers Goods (\"FMCG\"), followed by Beauty and Fashion.</p><p><blockquote>他们的消费者越来越多地转向Jumia来满足他们的日常需求，按数量计算，增长最快的3个实物商品类别是快速消费品（“快速消费品”），其次是美容和时尚。</blockquote></p><p> <b><u>Accelerating sellers' growth</u></b></p><p><blockquote><b><u>加速卖家增长</u></b></blockquote></p><p> The event saw strong seller participation with over 46,000 Active Sellers during the campaign compared to 41,500 the prior year. During the 2021 event, its top 20 physical goods sellers tripled on average their GMV year-over-year. Its restaurant partners were an integral part of the success of the campaign, offering discounts and exclusive meal deals on its platform. GMV of the food delivery category almost doubled year-over-year and the top 20 restaurants during the 2021 event experienced on average 167% GMV growth year-over-year.</p><p><blockquote>该活动吸引了大量卖家参与，活动期间有超过46,000名活跃卖家，而前一年为41,500名。在2021年的活动中，其排名前20的实物商品卖家的GMV平均同比增长了两倍。其餐厅合作伙伴是该活动成功不可或缺的一部分，在其平台上提供折扣和独家餐饮优惠。食品配送类别的GMV几乎同比翻了一番，2021年活动期间排名前20的餐厅平均GMV同比增长167%。</blockquote></p><p> Leveraging the strong reach and consumer engagement on its platform, its sellers often take the opportunity of the Black Friday campaign for new product launches. For example, in this year's edition, Xiaomi chose Jumia for the exclusive launch of the Xiaomi Mi 11T phone in Egypt.</p><p><blockquote>利用其平台上强大的影响力和消费者参与度，其卖家经常利用黑色星期五活动的机会推出新产品。例如，在今年的版本中，小米选择了Jumia在埃及独家发布小米Mi 11T手机。</blockquote></p><p> <b><u>Delivering more packages faster</u></b></p><p><blockquote><b><u>更快地递送更多包裹</u></b></blockquote></p><p> Jumia seamlessly scaled its logistics capacity for the event to handle peak volumes. Jumia Logistics handled 5.3 million packages during the campaign, which is more than double the average monthly package volume in the first 10 months of 2021. While we handled significantly more packages than the rest of the year, Jumia remained focused on providing the best customer experience possible while working on reducing delivery times. During the Black Friday campaign, 58% of packages reached consumers the next business day while the average end-to-end delivery time decreased to 1.5 business days, compared to 2.2 business days in the 2020 Black Friday campaign.</p><p><blockquote>Jumia无缝扩展了其活动的物流能力，以处理高峰量。Jumia Logistics在活动期间处理了530万个包裹，是2021年前10个月平均每月包裹量的两倍多。虽然我们处理的包裹比今年其他时间多得多，但Jumia仍然专注于提供最佳的客户体验，同时努力缩短交付时间。在黑色星期五活动期间，58%的包裹在下一个工作日到达消费者手中，而平均端到端交付时间减少到1.5个工作日，而2020年黑色星期五活动为2.2个工作日。</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>Jumia shares jumped nearly 12% in premarket trading<blockquote>Jumia 股价在盘前交易中上涨近 12%</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\">\nJumia shares jumped nearly 12% in premarket trading<blockquote>Jumia 股价在盘前交易中上涨近 12%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-07 19:38</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Jumia shares jumped nearly 12% in premarket trading&nbsp;on&nbsp;the&nbsp;highlights&nbsp;of&nbsp;2021 Black Friday.</p><p><blockquote>在 2021 年黑色星期五的亮点中，Jumia 股价在盘前交易中上涨近 12%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/47f292ae31d1d8f6cbf5b019ea8c5068\" tg-width=\"850\" tg-height=\"621\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Jumia Technologies AG&nbsp;announced today the highlights of its Black Friday campaign held between November 5 and November 30, 2021.</p><p><blockquote>Jumia Technologies AG今天宣布了2021年11月5日至11月30日期间举行的黑色星期五活动的亮点。</blockquote></p><p> <b><u>Engaging Consumers</u></b></p><p><blockquote><b><u>吸引消费者</u></b></blockquote></p><p> Based on preliminary numbers, Jumia recorded in 2021 its largest ever Black Friday campaign, with GMV reaching $150 million, up 30% year-over-year, and Orders reaching 4.3 million, up 39% year-over-year. Having introduced the Black Friday shopping festival concept in Africa in 2012, it has now become a much-awaited campaign for its consumers, sellers and ecosystem partners.</p><p><blockquote>根据初步数据，Jumia在2021年创下了有史以来最大的黑色星期五活动，GMV达到1.5亿美元，同比增长30%，订单达到430万份，同比增长39%。自2012年在非洲推出黑色星期五购物节概念以来，它现在已经成为消费者、卖家和生态系统合作伙伴期待已久的活动。</blockquote></p><p> As part of the event, Jumia seek to offer its consumers attractive deals on a broad range of relevant products, alongside engaging and localized content such as games, videos, original music and offline events. Jumia posted a record of almost 40 million unique visitors to its platforms, an increase of 27% year-over-year, while its campaign video content recorded almost 190 million views on social media.</p><p><blockquote>作为活动的一部分，Jumia寻求为其消费者提供广泛相关产品的有吸引力的交易，以及游戏、视频、原创音乐和线下活动等引人入胜的本地化内容。Jumia在其平台上发布了近4000万独立访问者的记录，同比增长27%，而其活动视频内容在社交媒体上的观看次数接近1.9亿次。</blockquote></p><p> their consumers are increasingly turning to Jumia for their everyday needs with the top 3 fastest growing physical goods categories in volume terms being Fast Moving Consumers Goods (\"FMCG\"), followed by Beauty and Fashion.</p><p><blockquote>他们的消费者越来越多地转向Jumia来满足他们的日常需求，按数量计算，增长最快的3个实物商品类别是快速消费品（“快速消费品”），其次是美容和时尚。</blockquote></p><p> <b><u>Accelerating sellers' growth</u></b></p><p><blockquote><b><u>加速卖家增长</u></b></blockquote></p><p> The event saw strong seller participation with over 46,000 Active Sellers during the campaign compared to 41,500 the prior year. During the 2021 event, its top 20 physical goods sellers tripled on average their GMV year-over-year. Its restaurant partners were an integral part of the success of the campaign, offering discounts and exclusive meal deals on its platform. GMV of the food delivery category almost doubled year-over-year and the top 20 restaurants during the 2021 event experienced on average 167% GMV growth year-over-year.</p><p><blockquote>该活动吸引了大量卖家参与，活动期间有超过46,000名活跃卖家，而前一年为41,500名。在2021年的活动中，其排名前20的实物商品卖家的GMV平均同比增长了两倍。其餐厅合作伙伴是该活动成功不可或缺的一部分，在其平台上提供折扣和独家餐饮优惠。食品配送类别的GMV几乎同比翻了一番，2021年活动期间排名前20的餐厅平均GMV同比增长167%。</blockquote></p><p> Leveraging the strong reach and consumer engagement on its platform, its sellers often take the opportunity of the Black Friday campaign for new product launches. For example, in this year's edition, Xiaomi chose Jumia for the exclusive launch of the Xiaomi Mi 11T phone in Egypt.</p><p><blockquote>利用其平台上强大的影响力和消费者参与度，其卖家经常利用黑色星期五活动的机会推出新产品。例如，在今年的版本中，小米选择了Jumia在埃及独家发布小米Mi 11T手机。</blockquote></p><p> <b><u>Delivering more packages faster</u></b></p><p><blockquote><b><u>更快地递送更多包裹</u></b></blockquote></p><p> Jumia seamlessly scaled its logistics capacity for the event to handle peak volumes. Jumia Logistics handled 5.3 million packages during the campaign, which is more than double the average monthly package volume in the first 10 months of 2021. While we handled significantly more packages than the rest of the year, Jumia remained focused on providing the best customer experience possible while working on reducing delivery times. During the Black Friday campaign, 58% of packages reached consumers the next business day while the average end-to-end delivery time decreased to 1.5 business days, compared to 2.2 business days in the 2020 Black Friday campaign.</p><p><blockquote>Jumia无缝扩展了其活动的物流能力，以处理高峰量。Jumia Logistics在活动期间处理了530万个包裹，是2021年前10个月平均每月包裹量的两倍多。虽然我们处理的包裹比今年其他时间多得多，但Jumia仍然专注于提供最佳的客户体验，同时努力缩短交付时间。在黑色星期五活动期间，58%的包裹在下一个工作日到达消费者手中，而平均端到端交付时间减少到1.5个工作日，而2020年黑色星期五活动为2.2个工作日。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JMIA":"Jumia Technologies AG"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174056848","content_text":"Jumia shares jumped nearly 12% in premarket trading on the highlights of 2021 Black Friday.\n\nJumia Technologies AG announced today the highlights of its Black Friday campaign held between November 5 and November 30, 2021.\nEngaging Consumers\nBased on preliminary numbers, Jumia recorded in 2021 its largest ever Black Friday campaign, with GMV reaching $150 million, up 30% year-over-year, and Orders reaching 4.3 million, up 39% year-over-year. Having introduced the Black Friday shopping festival concept in Africa in 2012, it has now become a much-awaited campaign for its consumers, sellers and ecosystem partners.\nAs part of the event, Jumia seek to offer its consumers attractive deals on a broad range of relevant products, alongside engaging and localized content such as games, videos, original music and offline events. Jumia posted a record of almost 40 million unique visitors to its platforms, an increase of 27% year-over-year, while its campaign video content recorded almost 190 million views on social media.\ntheir consumers are increasingly turning to Jumia for their everyday needs with the top 3 fastest growing physical goods categories in volume terms being Fast Moving Consumers Goods (\"FMCG\"), followed by Beauty and Fashion.\nAccelerating sellers' growth\nThe event saw strong seller participation with over 46,000 Active Sellers during the campaign compared to 41,500 the prior year. During the 2021 event, its top 20 physical goods sellers tripled on average their GMV year-over-year. Its restaurant partners were an integral part of the success of the campaign, offering discounts and exclusive meal deals on its platform. GMV of the food delivery category almost doubled year-over-year and the top 20 restaurants during the 2021 event experienced on average 167% GMV growth year-over-year.\nLeveraging the strong reach and consumer engagement on its platform, its sellers often take the opportunity of the Black Friday campaign for new product launches. For example, in this year's edition, Xiaomi chose Jumia for the exclusive launch of the Xiaomi Mi 11T phone in Egypt.\nDelivering more packages faster\nJumia seamlessly scaled its logistics capacity for the event to handle peak volumes. Jumia Logistics handled 5.3 million packages during the campaign, which is more than double the average monthly package volume in the first 10 months of 2021. While we handled significantly more packages than the rest of the year, Jumia remained focused on providing the best customer experience possible while working on reducing delivery times. During the Black Friday campaign, 58% of packages reached consumers the next business day while the average end-to-end delivery time decreased to 1.5 business days, compared to 2.2 business days in the 2020 Black Friday campaign.","news_type":1,"symbols_score_info":{"JMIA":0.9}},"isVote":1,"tweetType":1,"viewCount":3522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606209903,"gmtCreate":1638879931103,"gmtModify":1638879931218,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087907126409640","authorIdStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/606209903","repostId":"1130097538","repostType":4,"isVote":1,"tweetType":1,"viewCount":4112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":852130198,"gmtCreate":1635250619704,"gmtModify":1635250673655,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087907126409640","authorIdStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/852130198","repostId":"2178408679","repostType":4,"isVote":1,"tweetType":1,"viewCount":645,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841755008,"gmtCreate":1635945436397,"gmtModify":1635945436567,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087907126409640","authorIdStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/841755008","repostId":"1125884187","repostType":4,"repost":{"id":"1125884187","kind":"news","pubTimestamp":1635944999,"share":"https://www.laohunote.com/m/news/1125884187?lang=zh_CN&edition=full","pubTime":"2021-11-03 21:09","market":"us","language":"en","title":"Apple Stock: How Does Transition Away From Intel Chips Impact Business Outlook?<blockquote>苹果股票：放弃英特尔芯片如何影响商业前景？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1125884187","media":"Seeking Alpha","summary":"Summary\n\nApple's new chips, the M1 Pro and the M1 Max, are very powerful and energy-efficient at the","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Apple's new chips, the M1 Pro and the M1 Max, are very powerful and energy-efficient at the same time.</li>  <li>Getting rid of Intel and taking control of the chips it uses fits well with Apple's strategy, and its products will become more attractive.</li>  <li>Overall, Apple still doesn't look like a great buy today, mainly due to a too-high valuation.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/03a6d9440c644482577c587ef65ade11\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>David Paul Morris/Getty Images News</span></p><p><blockquote><ul><li>苹果的新芯片M1 Pro和M1 Max非常强大，同时也非常节能。</li><li>摆脱英特尔并控制其使用的芯片，非常符合苹果的战略，其产品将变得更具吸引力。</li><li>总体而言，苹果今天看起来仍然不太值得购买，主要是因为估值过高。</li></ul><p class=\"t-img-caption\"><span>大卫·保罗·莫里斯/盖蒂图片社新闻</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Apple(NASDAQ:AAPL)has been increasing its focus on developing and using its own silicon for its laptops. Thanks to strong performance metrics and excellent power/performance ratios, these new chips, such as the M1 Pro and the M1 Max should help improve the value proposition of Apple's MacBooks, which could lead to higher market share. MacBooks aren't Apple's most important product by far, but over the years, moving away from Intel(NASDAQ:INTC)should still be an incremental positive for Apple.</p><p><blockquote>苹果（纳斯达克股票代码：AAPL）一直越来越关注为其笔记本电脑开发和使用自己的芯片。由于强大的性能指标和出色的功率/性能比，这些新芯片，如M1 Pro和M1 Max，应该有助于提高苹果MacBook的价值主张，这可能会导致更高的市场份额。到目前为止，MacBook 还不是苹果最重要的产品，但多年来，摆脱英特尔（纳斯达克股票代码：INTC）对苹果来说仍然是一个渐进的积极因素。</blockquote></p><p> <b>Did Apple Use Intel Chips?</b></p><p><blockquote><b>苹果用的是英特尔芯片吗？</b></blockquote></p><p> Apple's Macs had been using Intel processors&nbsp;for 15 years, but that has changed with recent new Mac and MacBook releases. In 2020, Apple has showcased laptops and a Mac that use its own chip, the M1, for the first time, ending the partnership with Intel that had been running for well over a decade. Intel's chips had been using the X86 technology, whereas the chips that Apple develops utilize the ARM architecture -- the one that it also had been using for its iPhone and iPad chips for a long period of time. In the past, ARM-based chips had not been powerful enough for the more demanding applications and use cases that play a role for PCs. Apple has now, however, closed that performance gap, which allows them to use its own ARM-based silicon to power its Macs and MacBooks in the future.</p><p><blockquote>苹果的Mac电脑已经使用英特尔处理器15年了，但随着最近新的Mac和MacBook的发布，这种情况发生了变化。2020年，苹果首次展示了使用自己芯片M1的笔记本电脑和Mac，结束了与英特尔长达十多年的合作关系。英特尔的芯片一直使用X86技术，而苹果开发的芯片使用ARM架构——它也在其iPhone和iPad芯片中使用了很长一段时间。在过去，基于ARM的芯片对于在PC中发挥作用的要求更高的应用和用例来说还不够强大。然而，苹果现在已经缩小了这一性能差距，这使得他们能够在未来使用自己的基于ARM的芯片为其Mac和MacBook提供动力。</blockquote></p><p> <b>What Are Apple's Newest Chips?</b></p><p><blockquote><b>苹果最新的芯片有哪些？</b></blockquote></p><p> In the laptop and PC space, Apple's newest chips are the M1 Pro and M1 Max, following up on last year's M1 chip. These new chips are being offered in the MacBook Pro and,presumably, in the 2022 MacBook Pro. These chips do, according to Apple, provide an unprecedented performance relative to the power they consume:</p><p><blockquote>在笔记本电脑和个人电脑领域，苹果最新的芯片是M1 Pro和M1 Max，是去年M1芯片的后续产品。这些新芯片将在MacBook Pro中提供，大概也将在2022年的MacBook Pro中提供。根据苹果的说法，这些芯片确实提供了相对于其消耗的功率而言前所未有的性能：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ea5c5be296a3e4ee0ca481937b02087\" tg-width=\"640\" tg-height=\"415\" width=\"100%\" height=\"auto\"><span>Source: Apple</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：苹果</span></p></blockquote></p><p> With up to 10 CPU cores, up to 32 GPU cores, and up to 64 GB of shared RAM, Apple's newest chips offer outstanding performance. As we can see in the above chart, this performance is achieved at considerably lower power consumption relative to current chips by competitors. This is especially important when it comes to Apple's MacBooks, as power consumption is highly important for laptops. Not only does lower power consumption lead to lower operating costs, but the laptop can also be constructed with lower battery capacity, all else equal, which translates into an improved form factor and lower weight. This, in turn, will make the new laptops more user-friendly, which should attract more buyers and help Apple expand its market share.</p><p><blockquote>苹果的最新芯片拥有多达10个CPU核心、多达32个GPU核心和多达64 GB的共享RAM，性能卓越。正如我们在上图中看到的，相对于竞争对手的当前芯片，这种性能是在相当低的功耗下实现的。对于苹果的MacBook来说，这一点尤为重要，因为功耗对于笔记本电脑来说非常重要。更低的功耗不仅导致更低的运营成本，而且在其他条件相同的情况下，笔记本电脑还可以用更低的电池容量来构建，这转化为改进的外形和更低的重量。这反过来将使新笔记本电脑更加用户友好，这应该会吸引更多的买家，并帮助苹果扩大其市场份额。</blockquote></p><p> <b>Why Is Apple Transitioning Away From Intel Chips?</b></p><p><blockquote><b>为什么苹果要放弃英特尔芯片？</b></blockquote></p><p> There are several reasons for Apple's decision to move away from Intel and to develop its own chips for its laptops and PCs. First, this move gives Apple more control over core technologies and makes the company less dependent on suppliers. If Apple wants to make changes to its chips it can easily do that and put the engineering focus where it sees the biggest potential gains or benefits. While Apple was using Intel's chips, it was dependent on smart R&amp;D by Intel, and thus not in control. This fits well with Apple's strategy that is sometimes called the&nbsp;<i>Tim Cook Doctrine</i>. The CEO has&nbsp;explained&nbsp;that Apple has a&nbsp;<i>“long-term strategy of owning and controlling the primary technologies behind the products that we make.”</i>Getting more control over the chips it uses in laptops and PCs is just a relatively logical step for a company that seeks to increase its ownership in key technologies for its products in order to become more dominant and less dependent on suppliers over time.</p><p><blockquote>苹果决定摆脱英特尔，为其笔记本电脑和个人电脑开发自己的芯片有几个原因。首先，此举让苹果对核心技术有了更多的控制权，并使该公司对供应商的依赖减少。如果苹果想对其芯片进行改变，它可以很容易地做到这一点，并将工程重点放在它看到最大潜在收益或好处的地方。虽然苹果使用英特尔的芯片，但它依赖于英特尔的智能研发，因此无法控制。这与苹果的战略非常吻合，有时被称为<i>蒂姆·库克主义</i>首席执行官解释说，苹果有一个<i>“拥有和控制我们所生产产品背后的核心技术的长期战略”。</i>对于一家寻求增加其产品关键技术所有权的公司来说，获得对笔记本电脑和个人电脑中使用的芯片的更多控制权只是一个相对合乎逻辑的步骤，以便随着时间的推移变得更具主导地位，减少对供应商的依赖。</blockquote></p><p> On top of that, technological progress has allowed ARM chips to increase their performance relative to X86 chips over the last couple of years. Due to the better efficiency of these chips and the huge benefits this efficiency guarantees in the notebook space, it is logical for Apple to pursue ARM-based chips instead of Intel's X86 architecture as this allows Apple to craft a better overall product.</p><p><blockquote>最重要的是，技术进步使得ARM芯片在过去几年中相对于X86芯片提高了性能。由于这些芯片的更好效率以及这种效率在笔记本电脑领域保证的巨大好处，苹果追求基于ARM的芯片而不是英特尔的X86架构是合乎逻辑的，因为这使得苹果能够打造更好的整体产品。</blockquote></p><p> In short, there are thus both strategic reasons for Apple to move away from Intel, while there are also technical reasons that make ARM-based chips look favorable relative to what Apple was able to buy from Intel.</p><p><blockquote>简而言之，因此苹果放弃英特尔既有战略原因，也有技术原因使得基于ARM的芯片相对于苹果能够从英特尔购买的芯片看起来更有利。</blockquote></p><p></p><p> <b>Apple Stock Forecast</b></p><p><blockquote><b>苹果股票预测</b></blockquote></p><p> With the introduction of the most recent high-powered and highly efficient chips, Apple should be able to strengthen its position in the higher-end laptop and PC space over the coming year, and likely beyond, as the company will continue to improve its chips going forward.</p><p><blockquote>随着最新高功率和高效率芯片的推出，苹果应该能够在未来一年甚至更长时间内加强其在高端笔记本电脑和个人电脑领域的地位，因为该公司将继续改进其芯片。</blockquote></p><p> The market for PCs has been relatively strong in 2020 and 2021, on the back of more people working from home. On top of that, distance learning, due to school closures, and more demand for home entertainment, due to lockdowns that reduced the availability of out-of-house entertainment choices, have been beneficial for the global PC market over the last one and a half years. Gartner&nbsp;states&nbsp;that PC shipments rose by 1% during the third quarter, on top of a&nbsp;4%&nbsp;growth rate in 2020, which had been the best year over the preceding decade. Gartner also estimates that Apple was the number four company in global PC market share, with an 8.6% market share:</p><p><blockquote>由于越来越多的人在家工作，个人电脑市场在2020年和2021年相对强劲。最重要的是，由于学校关闭而导致的远程学习，以及由于封锁减少了户外娱乐选择的可用性，对家庭娱乐的更多需求，在过去一年半中有利于全球个人电脑市场。Gartner 表示，第三季度个人电脑出货量增长了 1%，而 2020 年的增长率为 4%，而 2020 年是过去十年中最好的一年。Gartner还估计，苹果是全球PC市场份额第四大公司，市场份额为8.6%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80d8d6789d1c411907024a3576277475\" tg-width=\"640\" tg-height=\"445\" width=\"100%\" height=\"auto\"><span>Source: Gartner (linked above)</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Gartner（上面链接）</span></p></blockquote></p><p> Apple was able to grow its market share by 50 basis points, which allowed the company to grow its overall sales by 7%, which was well above the overall market growth. Thanks to the introduction of its new and highly capable chips, it would not be a surprise to see Apple gain further market share in the coming years.</p><p><blockquote>苹果的市场份额增长了 50 个基点，这使得该公司的整体销售额增长了 7%，远高于整体市场增长。由于推出了新的高性能芯片，苹果在未来几年进一步获得市场份额也就不足为奇了。</blockquote></p><p> Apple's PC and laptop business is, however, not overly large relative to the company's overall size. This is why solid growth in the PC space will not necessarily lead to huge growth for the company overall. Apple is highly dependent on iPhone sales as those make up the majority of the company's revenue and profits. Apple recently had to announce that it would cut iPhone 13 shipments&nbsp;by 10 million&nbsp;in Q4 due to part shortages, which doesn't bode too well for the company's near-term outlook. Once part shortages have ended, production should expand again, but the iPhone business nevertheless isn't a high-growth franchise.</p><p><blockquote>然而，相对于公司的整体规模，苹果的个人电脑和笔记本电脑业务并不算太大。这就是为什么个人电脑领域的稳健增长不一定会给公司带来巨大的整体增长。苹果高度依赖 iPhone 销售，因为这些销售构成了公司收入和利润的大部分。苹果最近不得不宣布，由于零部件短缺，第四季度将 iPhone 13 出货量削减 1000 万部，这对该公司的近期前景来说不是好兆头。一旦零件短缺结束，生产应该会再次扩大，但iPhone业务仍然不是一个高增长的特许经营权。</blockquote></p><p> With much of the top line being dependent on the lower-growth iPhone business, it is not too surprising to see that analysts aren't predicting a lot of growth for Apple going forward:</p><p><blockquote>由于大部分营收依赖于增长较低的 iPhone 业务，分析师预测苹果未来不会出现大幅增长也就不足为奇了：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59ba4b8335c70daaec148cbf01c9c24e\" tg-width=\"640\" tg-height=\"156\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Seeking Alpha</span></p></blockquote></p><p> For the current year, analysts are predicting a 4% revenue increase, with a 5% top-line improvement being expected for the following year. Beyond that, however, growth is forecasted to decelerate. It is, of course, possible that Apple will outperform expectations, but it should be noted that the company actually&nbsp;missed&nbsp;estimates for the most recent quarter, breaking a very solid record of beating estimates. It is thus not guaranteed that Apple's actual performance will be better than the ~3% annual growth that analysts are forecasting today.</p><p><blockquote>分析师预计今年收入将增长 4%，明年营收预计将增长 5%。然而，除此之外，预计增长将放缓。当然，苹果的表现有可能超出预期，但应该指出的是，该公司最近一个季度实际上未能达到预期，打破了超出预期的非常坚实的记录。因此，不能保证苹果的实际业绩会好于分析师目前预测的约3%的年增长率。</blockquote></p><p> In the past, Apple has been able to grow its earnings per share way quicker than its revenue, thanks to margin improvements and the impact of buybacks. Buybacks will continue to have a positive impact on Apple's earnings per share growth, but most likely not at a similar magnitude compared to what we have seen in the past. When Apple was trading at 10-15x net profits, its buybacks had a lot more power, and the company was able to lower its share count pretty quickly. Today, with shares trading at 26x forward earnings, its share repurchase program is less impactful, as fewer shares can be bought back. This, in turn, leads to a smaller share count decline, which results in less pronounced earnings per share growth tailwinds. Overall, Apple should still be able to grow its earnings per share relatively reliably in the future, but I do believe that the current valuation could be too high for the growth that one can expect going forward.</p><p><blockquote>过去，由于利润率的提高和回购的影响，苹果的每股收益增长速度远远快于收入增长速度。回购将继续对苹果每股收益增长产生积极影响，但与我们过去看到的情况相比，其影响程度很可能不会类似。当苹果的交易价格为净利润的 10-15 倍时，其回购拥有更大的权力，该公司能够很快减少其股票数量。如今，由于股价远期市盈率为 26 倍，其股票回购计划的影响力较小，因为可以回购的股票越来越少。这反过来又导致股票数量下降幅度较小，从而导致每股收益增长的推动力不太明显。总体而言，苹果未来应该仍然能够相对可靠地增长每股收益，但我确实相信，目前的估值对于未来的增长来说可能太高了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fdd3345ac6ca823a3dbc32016209746\" tg-width=\"635\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Analysts are currently predicting that Apple will earn $5.70 during the current fiscal year (which ends in September 2022), while earnings per share for the following two years are seen at $6.04 and $6.42. This pencils out to a growth rate of around 6% over these two years, which isn't disastrous at all, but it's also far from excellent. When we consider that Apple trades at 26x forward earnings today, while the median earnings multiple over the last decade is just 16, then Apple does not look like an exciting investment, I believe.</p><p><blockquote>分析师目前预测苹果在本财年（截至 2022 年 9 月）的盈利为 5.70 美元，而未来两年的每股收益分别为 6.04 美元和 6.42 美元。这意味着这两年的增长率约为 6%，这根本不是灾难性的，但也远非优秀。当我们考虑到苹果目前的远期市盈率为 26 倍，而过去十年的市盈率中位数仅为 16 倍时，我认为苹果看起来并不是一项令人兴奋的投资。</blockquote></p><p> <b>Is Apple Stock A Buy, Sell, Or Hold?</b></p><p><blockquote><b>苹果股票是买入、卖出还是持有？</b></blockquote></p><p></p><p> In the very long term, an investment in Apple will in all likelihood generate positive returns. Those could still be at a level that isn't especially attractive, however. With Apple entering a phase of somewhat subdued growth, while shares are historically expensive, I believe that the total return outlook isn't too great with shares trading at $150.</p><p><blockquote>从长远来看，投资苹果很可能会产生正回报。然而，这些水平可能仍然不是特别有吸引力。随着苹果进入增长有些疲软的阶段，而股价历来昂贵，我相信股价在 150 美元时的总回报前景不会太好。</blockquote></p><p> Apple will likely make gains in the PC space, but this alone will not be enough to move Apple's top line by a large amount, due to the fact that the PC and laptop business is relatively small in comparison to the much larger iPhone business. With some revenue growth and the impact of buybacks, 6%-10% annual earnings per share growth seems achievable, but I don't think that paying more than 25x forward earnings for that growth makes for a great investment proposal. Overall, I think Apple is a<i>Hold</i>at current prices, due to its relatively high valuation.</p><p><blockquote>苹果可能会在个人电脑领域取得收益，但仅凭这一点还不足以大幅推动苹果的营收，因为与规模大得多的iPhone业务相比，个人电脑和笔记本电脑业务相对较小。随着一些收入增长和回购的影响，6%-10% 的每股年度收益增长似乎是可以实现的，但我认为为这种增长支付超过 25 倍的远期收益并不是一个很好的投资建议。总的来说，我认为苹果是一个<i>抓住</i>按当前价格计算，由于其估值相对较高。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock: How Does Transition Away From Intel Chips Impact Business Outlook?<blockquote>苹果股票：放弃英特尔芯片如何影响商业前景？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock: How Does Transition Away From Intel Chips Impact Business Outlook?<blockquote>苹果股票：放弃英特尔芯片如何影响商业前景？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-11-03 21:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Apple's new chips, the M1 Pro and the M1 Max, are very powerful and energy-efficient at the same time.</li>  <li>Getting rid of Intel and taking control of the chips it uses fits well with Apple's strategy, and its products will become more attractive.</li>  <li>Overall, Apple still doesn't look like a great buy today, mainly due to a too-high valuation.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/03a6d9440c644482577c587ef65ade11\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>David Paul Morris/Getty Images News</span></p><p><blockquote><ul><li>苹果的新芯片M1 Pro和M1 Max非常强大，同时也非常节能。</li><li>摆脱英特尔并控制其使用的芯片，非常符合苹果的战略，其产品将变得更具吸引力。</li><li>总体而言，苹果今天看起来仍然不太值得购买，主要是因为估值过高。</li></ul><p class=\"t-img-caption\"><span>大卫·保罗·莫里斯/盖蒂图片社新闻</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Apple(NASDAQ:AAPL)has been increasing its focus on developing and using its own silicon for its laptops. Thanks to strong performance metrics and excellent power/performance ratios, these new chips, such as the M1 Pro and the M1 Max should help improve the value proposition of Apple's MacBooks, which could lead to higher market share. MacBooks aren't Apple's most important product by far, but over the years, moving away from Intel(NASDAQ:INTC)should still be an incremental positive for Apple.</p><p><blockquote>苹果（纳斯达克股票代码：AAPL）一直越来越关注为其笔记本电脑开发和使用自己的芯片。由于强大的性能指标和出色的功率/性能比，这些新芯片，如M1 Pro和M1 Max，应该有助于提高苹果MacBook的价值主张，这可能会导致更高的市场份额。到目前为止，MacBook 还不是苹果最重要的产品，但多年来，摆脱英特尔（纳斯达克股票代码：INTC）对苹果来说仍然是一个渐进的积极因素。</blockquote></p><p> <b>Did Apple Use Intel Chips?</b></p><p><blockquote><b>苹果用的是英特尔芯片吗？</b></blockquote></p><p> Apple's Macs had been using Intel processors&nbsp;for 15 years, but that has changed with recent new Mac and MacBook releases. In 2020, Apple has showcased laptops and a Mac that use its own chip, the M1, for the first time, ending the partnership with Intel that had been running for well over a decade. Intel's chips had been using the X86 technology, whereas the chips that Apple develops utilize the ARM architecture -- the one that it also had been using for its iPhone and iPad chips for a long period of time. In the past, ARM-based chips had not been powerful enough for the more demanding applications and use cases that play a role for PCs. Apple has now, however, closed that performance gap, which allows them to use its own ARM-based silicon to power its Macs and MacBooks in the future.</p><p><blockquote>苹果的Mac电脑已经使用英特尔处理器15年了，但随着最近新的Mac和MacBook的发布，这种情况发生了变化。2020年，苹果首次展示了使用自己芯片M1的笔记本电脑和Mac，结束了与英特尔长达十多年的合作关系。英特尔的芯片一直使用X86技术，而苹果开发的芯片使用ARM架构——它也在其iPhone和iPad芯片中使用了很长一段时间。在过去，基于ARM的芯片对于在PC中发挥作用的要求更高的应用和用例来说还不够强大。然而，苹果现在已经缩小了这一性能差距，这使得他们能够在未来使用自己的基于ARM的芯片为其Mac和MacBook提供动力。</blockquote></p><p> <b>What Are Apple's Newest Chips?</b></p><p><blockquote><b>苹果最新的芯片有哪些？</b></blockquote></p><p> In the laptop and PC space, Apple's newest chips are the M1 Pro and M1 Max, following up on last year's M1 chip. These new chips are being offered in the MacBook Pro and,presumably, in the 2022 MacBook Pro. These chips do, according to Apple, provide an unprecedented performance relative to the power they consume:</p><p><blockquote>在笔记本电脑和个人电脑领域，苹果最新的芯片是M1 Pro和M1 Max，是去年M1芯片的后续产品。这些新芯片将在MacBook Pro中提供，大概也将在2022年的MacBook Pro中提供。根据苹果的说法，这些芯片确实提供了相对于其消耗的功率而言前所未有的性能：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ea5c5be296a3e4ee0ca481937b02087\" tg-width=\"640\" tg-height=\"415\" width=\"100%\" height=\"auto\"><span>Source: Apple</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：苹果</span></p></blockquote></p><p> With up to 10 CPU cores, up to 32 GPU cores, and up to 64 GB of shared RAM, Apple's newest chips offer outstanding performance. As we can see in the above chart, this performance is achieved at considerably lower power consumption relative to current chips by competitors. This is especially important when it comes to Apple's MacBooks, as power consumption is highly important for laptops. Not only does lower power consumption lead to lower operating costs, but the laptop can also be constructed with lower battery capacity, all else equal, which translates into an improved form factor and lower weight. This, in turn, will make the new laptops more user-friendly, which should attract more buyers and help Apple expand its market share.</p><p><blockquote>苹果的最新芯片拥有多达10个CPU核心、多达32个GPU核心和多达64 GB的共享RAM，性能卓越。正如我们在上图中看到的，相对于竞争对手的当前芯片，这种性能是在相当低的功耗下实现的。对于苹果的MacBook来说，这一点尤为重要，因为功耗对于笔记本电脑来说非常重要。更低的功耗不仅导致更低的运营成本，而且在其他条件相同的情况下，笔记本电脑还可以用更低的电池容量来构建，这转化为改进的外形和更低的重量。这反过来将使新笔记本电脑更加用户友好，这应该会吸引更多的买家，并帮助苹果扩大其市场份额。</blockquote></p><p> <b>Why Is Apple Transitioning Away From Intel Chips?</b></p><p><blockquote><b>为什么苹果要放弃英特尔芯片？</b></blockquote></p><p> There are several reasons for Apple's decision to move away from Intel and to develop its own chips for its laptops and PCs. First, this move gives Apple more control over core technologies and makes the company less dependent on suppliers. If Apple wants to make changes to its chips it can easily do that and put the engineering focus where it sees the biggest potential gains or benefits. While Apple was using Intel's chips, it was dependent on smart R&amp;D by Intel, and thus not in control. This fits well with Apple's strategy that is sometimes called the&nbsp;<i>Tim Cook Doctrine</i>. The CEO has&nbsp;explained&nbsp;that Apple has a&nbsp;<i>“long-term strategy of owning and controlling the primary technologies behind the products that we make.”</i>Getting more control over the chips it uses in laptops and PCs is just a relatively logical step for a company that seeks to increase its ownership in key technologies for its products in order to become more dominant and less dependent on suppliers over time.</p><p><blockquote>苹果决定摆脱英特尔，为其笔记本电脑和个人电脑开发自己的芯片有几个原因。首先，此举让苹果对核心技术有了更多的控制权，并使该公司对供应商的依赖减少。如果苹果想对其芯片进行改变，它可以很容易地做到这一点，并将工程重点放在它看到最大潜在收益或好处的地方。虽然苹果使用英特尔的芯片，但它依赖于英特尔的智能研发，因此无法控制。这与苹果的战略非常吻合，有时被称为<i>蒂姆·库克主义</i>首席执行官解释说，苹果有一个<i>“拥有和控制我们所生产产品背后的核心技术的长期战略”。</i>对于一家寻求增加其产品关键技术所有权的公司来说，获得对笔记本电脑和个人电脑中使用的芯片的更多控制权只是一个相对合乎逻辑的步骤，以便随着时间的推移变得更具主导地位，减少对供应商的依赖。</blockquote></p><p> On top of that, technological progress has allowed ARM chips to increase their performance relative to X86 chips over the last couple of years. Due to the better efficiency of these chips and the huge benefits this efficiency guarantees in the notebook space, it is logical for Apple to pursue ARM-based chips instead of Intel's X86 architecture as this allows Apple to craft a better overall product.</p><p><blockquote>最重要的是，技术进步使得ARM芯片在过去几年中相对于X86芯片提高了性能。由于这些芯片的更好效率以及这种效率在笔记本电脑领域保证的巨大好处，苹果追求基于ARM的芯片而不是英特尔的X86架构是合乎逻辑的，因为这使得苹果能够打造更好的整体产品。</blockquote></p><p> In short, there are thus both strategic reasons for Apple to move away from Intel, while there are also technical reasons that make ARM-based chips look favorable relative to what Apple was able to buy from Intel.</p><p><blockquote>简而言之，因此苹果放弃英特尔既有战略原因，也有技术原因使得基于ARM的芯片相对于苹果能够从英特尔购买的芯片看起来更有利。</blockquote></p><p></p><p> <b>Apple Stock Forecast</b></p><p><blockquote><b>苹果股票预测</b></blockquote></p><p> With the introduction of the most recent high-powered and highly efficient chips, Apple should be able to strengthen its position in the higher-end laptop and PC space over the coming year, and likely beyond, as the company will continue to improve its chips going forward.</p><p><blockquote>随着最新高功率和高效率芯片的推出，苹果应该能够在未来一年甚至更长时间内加强其在高端笔记本电脑和个人电脑领域的地位，因为该公司将继续改进其芯片。</blockquote></p><p> The market for PCs has been relatively strong in 2020 and 2021, on the back of more people working from home. On top of that, distance learning, due to school closures, and more demand for home entertainment, due to lockdowns that reduced the availability of out-of-house entertainment choices, have been beneficial for the global PC market over the last one and a half years. Gartner&nbsp;states&nbsp;that PC shipments rose by 1% during the third quarter, on top of a&nbsp;4%&nbsp;growth rate in 2020, which had been the best year over the preceding decade. Gartner also estimates that Apple was the number four company in global PC market share, with an 8.6% market share:</p><p><blockquote>由于越来越多的人在家工作，个人电脑市场在2020年和2021年相对强劲。最重要的是，由于学校关闭而导致的远程学习，以及由于封锁减少了户外娱乐选择的可用性，对家庭娱乐的更多需求，在过去一年半中有利于全球个人电脑市场。Gartner 表示，第三季度个人电脑出货量增长了 1%，而 2020 年的增长率为 4%，而 2020 年是过去十年中最好的一年。Gartner还估计，苹果是全球PC市场份额第四大公司，市场份额为8.6%：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80d8d6789d1c411907024a3576277475\" tg-width=\"640\" tg-height=\"445\" width=\"100%\" height=\"auto\"><span>Source: Gartner (linked above)</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Gartner（上面链接）</span></p></blockquote></p><p> Apple was able to grow its market share by 50 basis points, which allowed the company to grow its overall sales by 7%, which was well above the overall market growth. Thanks to the introduction of its new and highly capable chips, it would not be a surprise to see Apple gain further market share in the coming years.</p><p><blockquote>苹果的市场份额增长了 50 个基点，这使得该公司的整体销售额增长了 7%，远高于整体市场增长。由于推出了新的高性能芯片，苹果在未来几年进一步获得市场份额也就不足为奇了。</blockquote></p><p> Apple's PC and laptop business is, however, not overly large relative to the company's overall size. This is why solid growth in the PC space will not necessarily lead to huge growth for the company overall. Apple is highly dependent on iPhone sales as those make up the majority of the company's revenue and profits. Apple recently had to announce that it would cut iPhone 13 shipments&nbsp;by 10 million&nbsp;in Q4 due to part shortages, which doesn't bode too well for the company's near-term outlook. Once part shortages have ended, production should expand again, but the iPhone business nevertheless isn't a high-growth franchise.</p><p><blockquote>然而，相对于公司的整体规模，苹果的个人电脑和笔记本电脑业务并不算太大。这就是为什么个人电脑领域的稳健增长不一定会给公司带来巨大的整体增长。苹果高度依赖 iPhone 销售，因为这些销售构成了公司收入和利润的大部分。苹果最近不得不宣布，由于零部件短缺，第四季度将 iPhone 13 出货量削减 1000 万部，这对该公司的近期前景来说不是好兆头。一旦零件短缺结束，生产应该会再次扩大，但iPhone业务仍然不是一个高增长的特许经营权。</blockquote></p><p> With much of the top line being dependent on the lower-growth iPhone business, it is not too surprising to see that analysts aren't predicting a lot of growth for Apple going forward:</p><p><blockquote>由于大部分营收依赖于增长较低的 iPhone 业务，分析师预测苹果未来不会出现大幅增长也就不足为奇了：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59ba4b8335c70daaec148cbf01c9c24e\" tg-width=\"640\" tg-height=\"156\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Seeking Alpha</span></p></blockquote></p><p> For the current year, analysts are predicting a 4% revenue increase, with a 5% top-line improvement being expected for the following year. Beyond that, however, growth is forecasted to decelerate. It is, of course, possible that Apple will outperform expectations, but it should be noted that the company actually&nbsp;missed&nbsp;estimates for the most recent quarter, breaking a very solid record of beating estimates. It is thus not guaranteed that Apple's actual performance will be better than the ~3% annual growth that analysts are forecasting today.</p><p><blockquote>分析师预计今年收入将增长 4%，明年营收预计将增长 5%。然而，除此之外，预计增长将放缓。当然，苹果的表现有可能超出预期，但应该指出的是，该公司最近一个季度实际上未能达到预期，打破了超出预期的非常坚实的记录。因此，不能保证苹果的实际业绩会好于分析师目前预测的约3%的年增长率。</blockquote></p><p> In the past, Apple has been able to grow its earnings per share way quicker than its revenue, thanks to margin improvements and the impact of buybacks. Buybacks will continue to have a positive impact on Apple's earnings per share growth, but most likely not at a similar magnitude compared to what we have seen in the past. When Apple was trading at 10-15x net profits, its buybacks had a lot more power, and the company was able to lower its share count pretty quickly. Today, with shares trading at 26x forward earnings, its share repurchase program is less impactful, as fewer shares can be bought back. This, in turn, leads to a smaller share count decline, which results in less pronounced earnings per share growth tailwinds. Overall, Apple should still be able to grow its earnings per share relatively reliably in the future, but I do believe that the current valuation could be too high for the growth that one can expect going forward.</p><p><blockquote>过去，由于利润率的提高和回购的影响，苹果的每股收益增长速度远远快于收入增长速度。回购将继续对苹果每股收益增长产生积极影响，但与我们过去看到的情况相比，其影响程度很可能不会类似。当苹果的交易价格为净利润的 10-15 倍时，其回购拥有更大的权力，该公司能够很快减少其股票数量。如今，由于股价远期市盈率为 26 倍，其股票回购计划的影响力较小，因为可以回购的股票越来越少。这反过来又导致股票数量下降幅度较小，从而导致每股收益增长的推动力不太明显。总体而言，苹果未来应该仍然能够相对可靠地增长每股收益，但我确实相信，目前的估值对于未来的增长来说可能太高了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fdd3345ac6ca823a3dbc32016209746\" tg-width=\"635\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Analysts are currently predicting that Apple will earn $5.70 during the current fiscal year (which ends in September 2022), while earnings per share for the following two years are seen at $6.04 and $6.42. This pencils out to a growth rate of around 6% over these two years, which isn't disastrous at all, but it's also far from excellent. When we consider that Apple trades at 26x forward earnings today, while the median earnings multiple over the last decade is just 16, then Apple does not look like an exciting investment, I believe.</p><p><blockquote>分析师目前预测苹果在本财年（截至 2022 年 9 月）的盈利为 5.70 美元，而未来两年的每股收益分别为 6.04 美元和 6.42 美元。这意味着这两年的增长率约为 6%，这根本不是灾难性的，但也远非优秀。当我们考虑到苹果目前的远期市盈率为 26 倍，而过去十年的市盈率中位数仅为 16 倍时，我认为苹果看起来并不是一项令人兴奋的投资。</blockquote></p><p> <b>Is Apple Stock A Buy, Sell, Or Hold?</b></p><p><blockquote><b>苹果股票是买入、卖出还是持有？</b></blockquote></p><p></p><p> In the very long term, an investment in Apple will in all likelihood generate positive returns. Those could still be at a level that isn't especially attractive, however. With Apple entering a phase of somewhat subdued growth, while shares are historically expensive, I believe that the total return outlook isn't too great with shares trading at $150.</p><p><blockquote>从长远来看，投资苹果很可能会产生正回报。然而，这些水平可能仍然不是特别有吸引力。随着苹果进入增长有些疲软的阶段，而股价历来昂贵，我相信股价在 150 美元时的总回报前景不会太好。</blockquote></p><p> Apple will likely make gains in the PC space, but this alone will not be enough to move Apple's top line by a large amount, due to the fact that the PC and laptop business is relatively small in comparison to the much larger iPhone business. With some revenue growth and the impact of buybacks, 6%-10% annual earnings per share growth seems achievable, but I don't think that paying more than 25x forward earnings for that growth makes for a great investment proposal. Overall, I think Apple is a<i>Hold</i>at current prices, due to its relatively high valuation.</p><p><blockquote>苹果可能会在个人电脑领域取得收益，但仅凭这一点还不足以大幅推动苹果的营收，因为与规模大得多的iPhone业务相比，个人电脑和笔记本电脑业务相对较小。随着一些收入增长和回购的影响，6%-10% 的每股年度收益增长似乎是可以实现的，但我认为为这种增长支付超过 25 倍的远期收益并不是一个很好的投资建议。总的来说，我认为苹果是一个<i>抓住</i>按当前价格计算，由于其估值相对较高。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4464531-apple-stock-transition-intel-chips\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4464531-apple-stock-transition-intel-chips","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125884187","content_text":"Summary\n\nApple's new chips, the M1 Pro and the M1 Max, are very powerful and energy-efficient at the same time.\nGetting rid of Intel and taking control of the chips it uses fits well with Apple's strategy, and its products will become more attractive.\nOverall, Apple still doesn't look like a great buy today, mainly due to a too-high valuation.\n\nDavid Paul Morris/Getty Images News\nArticle Thesis\nApple(NASDAQ:AAPL)has been increasing its focus on developing and using its own silicon for its laptops. Thanks to strong performance metrics and excellent power/performance ratios, these new chips, such as the M1 Pro and the M1 Max should help improve the value proposition of Apple's MacBooks, which could lead to higher market share. MacBooks aren't Apple's most important product by far, but over the years, moving away from Intel(NASDAQ:INTC)should still be an incremental positive for Apple.\nDid Apple Use Intel Chips?\nApple's Macs had been using Intel processors for 15 years, but that has changed with recent new Mac and MacBook releases. In 2020, Apple has showcased laptops and a Mac that use its own chip, the M1, for the first time, ending the partnership with Intel that had been running for well over a decade. Intel's chips had been using the X86 technology, whereas the chips that Apple develops utilize the ARM architecture -- the one that it also had been using for its iPhone and iPad chips for a long period of time. In the past, ARM-based chips had not been powerful enough for the more demanding applications and use cases that play a role for PCs. Apple has now, however, closed that performance gap, which allows them to use its own ARM-based silicon to power its Macs and MacBooks in the future.\nWhat Are Apple's Newest Chips?\nIn the laptop and PC space, Apple's newest chips are the M1 Pro and M1 Max, following up on last year's M1 chip. These new chips are being offered in the MacBook Pro and,presumably, in the 2022 MacBook Pro. These chips do, according to Apple, provide an unprecedented performance relative to the power they consume:\nSource: Apple\nWith up to 10 CPU cores, up to 32 GPU cores, and up to 64 GB of shared RAM, Apple's newest chips offer outstanding performance. As we can see in the above chart, this performance is achieved at considerably lower power consumption relative to current chips by competitors. This is especially important when it comes to Apple's MacBooks, as power consumption is highly important for laptops. Not only does lower power consumption lead to lower operating costs, but the laptop can also be constructed with lower battery capacity, all else equal, which translates into an improved form factor and lower weight. This, in turn, will make the new laptops more user-friendly, which should attract more buyers and help Apple expand its market share.\nWhy Is Apple Transitioning Away From Intel Chips?\nThere are several reasons for Apple's decision to move away from Intel and to develop its own chips for its laptops and PCs. First, this move gives Apple more control over core technologies and makes the company less dependent on suppliers. If Apple wants to make changes to its chips it can easily do that and put the engineering focus where it sees the biggest potential gains or benefits. While Apple was using Intel's chips, it was dependent on smart R&D by Intel, and thus not in control. This fits well with Apple's strategy that is sometimes called the Tim Cook Doctrine. The CEO has explained that Apple has a “long-term strategy of owning and controlling the primary technologies behind the products that we make.”Getting more control over the chips it uses in laptops and PCs is just a relatively logical step for a company that seeks to increase its ownership in key technologies for its products in order to become more dominant and less dependent on suppliers over time.\nOn top of that, technological progress has allowed ARM chips to increase their performance relative to X86 chips over the last couple of years. Due to the better efficiency of these chips and the huge benefits this efficiency guarantees in the notebook space, it is logical for Apple to pursue ARM-based chips instead of Intel's X86 architecture as this allows Apple to craft a better overall product.\nIn short, there are thus both strategic reasons for Apple to move away from Intel, while there are also technical reasons that make ARM-based chips look favorable relative to what Apple was able to buy from Intel.\nApple Stock Forecast\nWith the introduction of the most recent high-powered and highly efficient chips, Apple should be able to strengthen its position in the higher-end laptop and PC space over the coming year, and likely beyond, as the company will continue to improve its chips going forward.\nThe market for PCs has been relatively strong in 2020 and 2021, on the back of more people working from home. On top of that, distance learning, due to school closures, and more demand for home entertainment, due to lockdowns that reduced the availability of out-of-house entertainment choices, have been beneficial for the global PC market over the last one and a half years. Gartner states that PC shipments rose by 1% during the third quarter, on top of a 4% growth rate in 2020, which had been the best year over the preceding decade. Gartner also estimates that Apple was the number four company in global PC market share, with an 8.6% market share:\nSource: Gartner (linked above)\nApple was able to grow its market share by 50 basis points, which allowed the company to grow its overall sales by 7%, which was well above the overall market growth. Thanks to the introduction of its new and highly capable chips, it would not be a surprise to see Apple gain further market share in the coming years.\nApple's PC and laptop business is, however, not overly large relative to the company's overall size. This is why solid growth in the PC space will not necessarily lead to huge growth for the company overall. Apple is highly dependent on iPhone sales as those make up the majority of the company's revenue and profits. Apple recently had to announce that it would cut iPhone 13 shipments by 10 million in Q4 due to part shortages, which doesn't bode too well for the company's near-term outlook. Once part shortages have ended, production should expand again, but the iPhone business nevertheless isn't a high-growth franchise.\nWith much of the top line being dependent on the lower-growth iPhone business, it is not too surprising to see that analysts aren't predicting a lot of growth for Apple going forward:\nSource: Seeking Alpha\nFor the current year, analysts are predicting a 4% revenue increase, with a 5% top-line improvement being expected for the following year. Beyond that, however, growth is forecasted to decelerate. It is, of course, possible that Apple will outperform expectations, but it should be noted that the company actually missed estimates for the most recent quarter, breaking a very solid record of beating estimates. It is thus not guaranteed that Apple's actual performance will be better than the ~3% annual growth that analysts are forecasting today.\nIn the past, Apple has been able to grow its earnings per share way quicker than its revenue, thanks to margin improvements and the impact of buybacks. Buybacks will continue to have a positive impact on Apple's earnings per share growth, but most likely not at a similar magnitude compared to what we have seen in the past. When Apple was trading at 10-15x net profits, its buybacks had a lot more power, and the company was able to lower its share count pretty quickly. Today, with shares trading at 26x forward earnings, its share repurchase program is less impactful, as fewer shares can be bought back. This, in turn, leads to a smaller share count decline, which results in less pronounced earnings per share growth tailwinds. Overall, Apple should still be able to grow its earnings per share relatively reliably in the future, but I do believe that the current valuation could be too high for the growth that one can expect going forward.\nData by YCharts\nAnalysts are currently predicting that Apple will earn $5.70 during the current fiscal year (which ends in September 2022), while earnings per share for the following two years are seen at $6.04 and $6.42. This pencils out to a growth rate of around 6% over these two years, which isn't disastrous at all, but it's also far from excellent. When we consider that Apple trades at 26x forward earnings today, while the median earnings multiple over the last decade is just 16, then Apple does not look like an exciting investment, I believe.\nIs Apple Stock A Buy, Sell, Or Hold?\nIn the very long term, an investment in Apple will in all likelihood generate positive returns. Those could still be at a level that isn't especially attractive, however. With Apple entering a phase of somewhat subdued growth, while shares are historically expensive, I believe that the total return outlook isn't too great with shares trading at $150.\nApple will likely make gains in the PC space, but this alone will not be enough to move Apple's top line by a large amount, due to the fact that the PC and laptop business is relatively small in comparison to the much larger iPhone business. With some revenue growth and the impact of buybacks, 6%-10% annual earnings per share growth seems achievable, but I don't think that paying more than 25x forward earnings for that growth makes for a great investment proposal. Overall, I think Apple is aHoldat current prices, due to its relatively high valuation.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858389580,"gmtCreate":1634979914045,"gmtModify":1634979914171,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087907126409640","authorIdStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/858389580","repostId":"1172683205","repostType":4,"isVote":1,"tweetType":1,"viewCount":626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":867614467,"gmtCreate":1633251803009,"gmtModify":1633251803116,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087907126409640","authorIdStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/867614467","repostId":"2172964018","repostType":4,"isVote":1,"tweetType":1,"viewCount":645,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858389144,"gmtCreate":1634979889110,"gmtModify":1634979889232,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087907126409640","authorIdStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/858389144","repostId":"1172683205","repostType":4,"isVote":1,"tweetType":1,"viewCount":745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":827646547,"gmtCreate":1634469198763,"gmtModify":1634469198870,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087907126409640","authorIdStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/827646547","repostId":"2175112192","repostType":4,"isVote":1,"tweetType":1,"viewCount":508,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842983871,"gmtCreate":1636125221411,"gmtModify":1636125221555,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087907126409640","authorIdStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842983871","repostId":"2181748650","repostType":4,"isVote":1,"tweetType":1,"viewCount":1321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841743554,"gmtCreate":1635945725902,"gmtModify":1635945849632,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087907126409640","authorIdStr":"4087907126409640"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/841743554","repostId":"1196473052","repostType":4,"repost":{"id":"1196473052","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1635867252,"share":"https://www.laohunote.com/m/news/1196473052?lang=zh_CN&edition=full","pubTime":"2021-11-02 23:34","market":"us","language":"en","title":"Sea Limited stock rose 1.8% to return to $360<blockquote>Sea Limited 股价上涨 1.8%，重返 360 美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1196473052","media":"Tiger Newspress","summary":"Sea Limited stock rose 1.8% to return to $360 in morning trading.Sea Limited plans to announce its t","content":"<p>Sea Limited stock rose 1.8% to return to $360&nbsp;in&nbsp;morning trading.Sea Limited&nbsp;plans to announce its third quarter 2021 results before the U.S. market opens on November 16, 2021, U.S. Eastern Time.</p><p><blockquote>Sea Limited 股价在早盘交易中上涨 1.8%，重返 360 美元。Sea Limited计划在美国东部时间2021年11月16日美国市场开盘前公布2021年第三季度业绩。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/83a11802a42006187d6abc47352eba1a\" tg-width=\"840\" tg-height=\"470\" 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>Sea Limited stock rose 1.8% to return to $360<blockquote>Sea Limited 股价上涨 1.8%，重返 360 美元</blockquote></title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Limited stock rose 1.8% to return to $360<blockquote>Sea Limited 股价上涨 1.8%，重返 360 美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-02 23:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Sea Limited stock rose 1.8% to return to $360&nbsp;in&nbsp;morning trading.Sea Limited&nbsp;plans to announce its third quarter 2021 results before the U.S. market opens on November 16, 2021, U.S. Eastern Time.</p><p><blockquote>Sea Limited 股价在早盘交易中上涨 1.8%，重返 360 美元。Sea Limited计划在美国东部时间2021年11月16日美国市场开盘前公布2021年第三季度业绩。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/83a11802a42006187d6abc47352eba1a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196473052","content_text":"Sea Limited stock rose 1.8% to return to $360 in morning trading.Sea Limited plans to announce its third quarter 2021 results before the U.S. market opens on November 16, 2021, U.S. Eastern Time.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":1140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}