Firefire的个人主页 - 老虎社区

Firefire

Firefire

暂无个人介绍

IP属地：未知

12关注

2粉丝

0主题

0勋章

2021-08-09

Great!

抱歉，原内容已删除

2021-08-02

Great news for some!

抱歉，原内容已删除

2021-07-30

Nice!

AMD: Still Growing, Still Undervalued

2021-07-28

Yes! Please!

抱歉，原内容已删除

2021-07-23

Like

抱歉，原内容已删除

2021-07-23

Good!

抱歉，原内容已删除

2021-07-16

Like

抱歉，原内容已删除

2021-07-16

Really?

抱歉，原内容已删除

2021-07-15

Like!

抱歉，原内容已删除

2021-07-12

Yes!

Authentic Brands IPO: AUTH May Be Valued at $10 Billion

2021-07-12

[Smile]

抱歉，原内容已删除

2021-07-10

Useful info

抱歉，原内容已删除

2021-07-02

Great!

J&J Covid-19 Vaccine Shows Promising Preliminary Signs of Protecting Against Delta Variant

2021-07-01

😇

抱歉，原内容已删除

2021-07-01

Right!

抱歉，原内容已删除

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"4088082880945180","uuid":"4088082880945180","gmtCreate":1624984212449,"gmtModify":1625151652391,"name":"Firefire","pinyin":"firefire","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":2,"headSize":12,"tweetSize":15,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.11.12","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":2,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":898549392,"gmtCreate":1628513859816,"gmtModify":1631891655070,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898549392","repostId":"2158844506","repostType":4,"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804046624,"gmtCreate":1627913705968,"gmtModify":1631891655069,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Great news for some!","listText":"Great news for some!","text":"Great news for some!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804046624","repostId":"1172320411","repostType":4,"isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806231076,"gmtCreate":1627656781195,"gmtModify":1631891655070,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806231076","repostId":"1135561812","repostType":4,"repost":{"id":"1135561812","kind":"news","pubTimestamp":1627637430,"share":"https://www.laohu8.com/m/news/1135561812?lang=&edition=full","pubTime":"2021-07-30 17:30","market":"us","language":"en","title":"AMD: Still Growing, Still Undervalued","url":"https://stock-news.laohu8.com/highlight/detail?id=1135561812","media":"seekingalpha","summary":"AMD's margin gains are driven by growing strength in end markets.AMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.AMD's dollar sales growth is cheaper than Nvidia's and AMD might even grow faster.The most interesting revelation of AMD’s Q2’21 earnings, however, was the trend in gross margins. AMD's gross margin jumped 4 PP to 48%, 1 PP above guidance because of a better mix of higher-priced Ryzen processors  and Radeon graphic cards. The uptick in g","content":"<p><b>Summary</b></p>\n<ul>\n <li>AMD's margin gains are driven by growing strength in end markets.</li>\n <li>AMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.</li>\n <li>The semiconductor firm could be a $6.0B free cash flow business next year, even if growth slows down.</li>\n <li>AMD's dollar sales growth is cheaper than Nvidia's and AMD might even grow faster.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e6e179318de667e33987f1b4a2afb27\" tg-width=\"768\" tg-height=\"512\" width=\"100%\" height=\"auto\"><span>Jay_Zynism/iStock via Getty Images</span></p>\n<p>AMD (AMD) made a splash yesterday after the semiconductor company reported growth and margins that were even better than what was expected. AMD’s revenue acceleration and strong gross margin expansion make a strong case for upside in the stock.</p>\n<p><b>Why AMD is worth $120</b></p>\n<p>Before I dive into AMD’s latestresults, let’s quickly recap what the firm’s guidance was for the last quarter. For Q2’21, AMD expected a minimum of $3.5B in revenues with “high case” guidance implying 7% revenue growth Q/Q and a gross margin of 47%.</p>\n<p>I expected AMD’s revenues to hit the high end of guidance ($3.7B), to have a minimum free cash flow of $895M (8% Q/Q growth) and a free cash flow margin of 24%. Given the acceleration of sales in higher-priced Ryzen desktop and notebook processors and GPUs as well as higher average selling prices/ASPs driven by broad-based strength in end markets, I expected AMD to beat its own margin guidance and report a gross margin of 48% for Q2’21. I also predicted a refreshment of AMD’s gross margin guidance due to strength in CPU and GPU ASPs. I laid out my forecast for AMD’s Q2’21 earnings in detail inAMD: On The Road To $5 Billion In Annual Free Cash Flow.</p>\n<p>Turning to AMD’s actual results, the semiconductor firm proved once more that it is firing on all cylinders. AMD’s Q2’21 revenues were $3,850M, $150M above the high-end of guidance and up 12% Q/Q, with revenue momentum continuing in both Graphics/Computing and Enterprise markets. Graphics/Computing revenues increased 7% Q/Q to $2,250M because of higher client and graphic processor sales as well as strengthening ASPs. Enterprise, which has become the driver of AMD’s sales growth in recent quarters, saw Q2'21 revenues of $1.6B, up 19% Q/Q. Enterprise revenues continued to accelerate in Q2'21, after AMD recorded 5% Q/Q revenue growth in Q1'21.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ec3e9d1f0b7d59915f9db8790725803\" tg-width=\"1039\" tg-height=\"587\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p>\n<p>The most interesting revelation of AMD’s Q2’21 earnings, however, was the trend in gross margins. AMD's gross margin jumped 4 PP to 48%, 1 PP above guidance because of a better mix of higher-priced Ryzen processors (both mobile and desktop) and Radeon graphic cards. The uptick in gross margins in Q2’21 marked the third straight quarter of margin expansion for AMD and I don’t believe AMD has seen the end of this trend yet.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dca6426ffa1332827a6774554d499c36\" tg-width=\"1048\" tg-height=\"566\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p>\n<p>Turning to cash flow.</p>\n<p>AMD reported cash flow from operating activities of $952M and free cash flow of $888M, $7M short of my expectation, but still almost six times more than a year ago. As AMD continues to see strong revenue growth tailwinds in both Computing/Graphics and Enterprise end markets, I believe AMD could grow its free cash flow margin to 30% by the end of next year. AMD raised its revenue guidance for FY 2021 (discussed later) by $1.0B which means I am also refreshing my free cash flow expectations for this year and next year.</p>\n<p>AMD expects to have revenues of $15.6B this year. Assuming a stable free cash flow margin of 23-24%, AMD is looking at free cash flow of $3.6B to $3.7B. Revenue estimates for next year are not refreshed yet, but AMD should have revenues of at least $20B in FY 2022 (assuming 25% Y/Y growth), implying free cash flow of $4.6B to $4.8B next year… and these estimates do not account for the possibility that AMD’s 3rd-gen EPYC Milan-powered server processors and higher-priced GPUs improve AMD’s free cash flow margin. A 30% free cash flow margin next year implies a free cash flow of $6.0B.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ea23b7429f2edd8ce6dda945a88daa7\" tg-width=\"819\" tg-height=\"593\" width=\"100%\" height=\"auto\"><span>(Source: Author)</span></p>\n<table>\n <tbody>\n  <tr></tr>\n </tbody>\n</table>\n<p>AMD is guiding for $4.1B in revenues +/- $100 million and the firm refreshed its FY 2021 revenue and gross margin guidance (as predicted). AMD now expects 60% revenue growth for FY 2021 (before 50%) and a gross margin of 48% (before 47%). Assuming 60% revenue growth, AMD is now looking at full year revenues of $15.6B (before $14.6B), so AMD's new guidance calls for $1.0B in additional revenues that were so far not priced into AMD’s market value.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e5c3c579e4a6472ae2c495a325b9a2b\" tg-width=\"1038\" tg-height=\"572\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p>\n<p>AMD’s higher gross margins and sales guidance create a potent force for the firm’s stock to revalue higher. Because of the recent dip in AMD’s shares and the addition of $1.0B in revenues, AMD’s dollar sales growth has become even cheaper after earnings. AMD’s dollar sales growth is valued lower than Nvidia’s and AMD is growing potentially at a faster rate: AMD's revenue guidance calls for 60% Y/Y growth and estimates for Nvidia imply \"only\" 49% Y/Y revenue growth for FY 2021. AMD has a market-capitalization-to-earnings ratio of 42.5 which is low for a firm that grows revenues 60% and that has a gross margin closing in on 50%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/653c9dd9d37a4abd742703bd87dd3534\" tg-width=\"908\" tg-height=\"312\" width=\"100%\" height=\"auto\"><span>(Source: Author)</span></p>\n<table>\n <tbody>\n  <tr></tr>\n </tbody>\n</table>\n<p>Nvidia’s P-E ratio based on an FY 2022 EPS of $17.29 is 44.5. If AMD earnings growth (FY 2022 EPS of $2.71) was valued the same as Nvidia’s, AMD’s fair price would be $120 ($2.71 x 44.5 earnings multiplier factor), indicating 17% upside.</p>\n<p><b>Challenges to my price target</b></p>\n<p>The biggest opportunities and the biggest risks for AMD are tied to gross margins. AMD is having a year of strong revenue acceleration and margin growth, which is the chief reason why I believe AMD can revalue higher. But gross margins can't grow 3-4 PP every quarter. If AMD's gross margin expansion slows, or worse, gross margins drop back to 40%, decreasing stock returns for AMD are likely. A reversal in the gross margin trend would change my opinion on AMD and put my $120 stock price target in jeopardy.</p>\n<p>Softening ASPs for CPUs and graphic chips are likely going to be the canary in the coal mine and could indicate weakening end markets for AMD ahead of time. Softer end markets imply AMD's revenue growth will slow which could result in a lower earnings multiplier factor by which AMD's profits are valued. I don't believe AMD is overvalued based on earnings, but the market may disagree with my assessment at any time.</p>\n<p><b>Final thoughts</b></p>\n<p>AMD reported impressive revenue growth and gross margins for Q2. AMD's raised guidance and Q/Q revenue acceleration indicate that end markets for CPUs and GPUs are a lot stronger than expected. This could lead to another year of revenue acceleration and a continual expansion of AMD’s gross margin to 50%, supported by rising ASPs. AMD's risk profile is still heavily skewed to the upside.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD: Still Growing, Still Undervalued</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMD: Still Growing, Still Undervalued\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-30 17:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4442955-amd-still-growing-still-undervalued><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAMD's margin gains are driven by growing strength in end markets.\nAMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.\nThe semiconductor firm could...</p>\n\n<a href=\"https://seekingalpha.com/article/4442955-amd-still-growing-still-undervalued\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://seekingalpha.com/article/4442955-amd-still-growing-still-undervalued","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135561812","content_text":"Summary\n\nAMD's margin gains are driven by growing strength in end markets.\nAMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.\nThe semiconductor firm could be a $6.0B free cash flow business next year, even if growth slows down.\nAMD's dollar sales growth is cheaper than Nvidia's and AMD might even grow faster.\n\nJay_Zynism/iStock via Getty Images\nAMD (AMD) made a splash yesterday after the semiconductor company reported growth and margins that were even better than what was expected. AMD’s revenue acceleration and strong gross margin expansion make a strong case for upside in the stock.\nWhy AMD is worth $120\nBefore I dive into AMD’s latestresults, let’s quickly recap what the firm’s guidance was for the last quarter. For Q2’21, AMD expected a minimum of $3.5B in revenues with “high case” guidance implying 7% revenue growth Q/Q and a gross margin of 47%.\nI expected AMD’s revenues to hit the high end of guidance ($3.7B), to have a minimum free cash flow of $895M (8% Q/Q growth) and a free cash flow margin of 24%. Given the acceleration of sales in higher-priced Ryzen desktop and notebook processors and GPUs as well as higher average selling prices/ASPs driven by broad-based strength in end markets, I expected AMD to beat its own margin guidance and report a gross margin of 48% for Q2’21. I also predicted a refreshment of AMD’s gross margin guidance due to strength in CPU and GPU ASPs. I laid out my forecast for AMD’s Q2’21 earnings in detail inAMD: On The Road To $5 Billion In Annual Free Cash Flow.\nTurning to AMD’s actual results, the semiconductor firm proved once more that it is firing on all cylinders. AMD’s Q2’21 revenues were $3,850M, $150M above the high-end of guidance and up 12% Q/Q, with revenue momentum continuing in both Graphics/Computing and Enterprise markets. Graphics/Computing revenues increased 7% Q/Q to $2,250M because of higher client and graphic processor sales as well as strengthening ASPs. Enterprise, which has become the driver of AMD’s sales growth in recent quarters, saw Q2'21 revenues of $1.6B, up 19% Q/Q. Enterprise revenues continued to accelerate in Q2'21, after AMD recorded 5% Q/Q revenue growth in Q1'21.\n(Source:AMD)\nThe most interesting revelation of AMD’s Q2’21 earnings, however, was the trend in gross margins. AMD's gross margin jumped 4 PP to 48%, 1 PP above guidance because of a better mix of higher-priced Ryzen processors (both mobile and desktop) and Radeon graphic cards. The uptick in gross margins in Q2’21 marked the third straight quarter of margin expansion for AMD and I don’t believe AMD has seen the end of this trend yet.\n(Source:AMD)\nTurning to cash flow.\nAMD reported cash flow from operating activities of $952M and free cash flow of $888M, $7M short of my expectation, but still almost six times more than a year ago. As AMD continues to see strong revenue growth tailwinds in both Computing/Graphics and Enterprise end markets, I believe AMD could grow its free cash flow margin to 30% by the end of next year. AMD raised its revenue guidance for FY 2021 (discussed later) by $1.0B which means I am also refreshing my free cash flow expectations for this year and next year.\nAMD expects to have revenues of $15.6B this year. Assuming a stable free cash flow margin of 23-24%, AMD is looking at free cash flow of $3.6B to $3.7B. Revenue estimates for next year are not refreshed yet, but AMD should have revenues of at least $20B in FY 2022 (assuming 25% Y/Y growth), implying free cash flow of $4.6B to $4.8B next year… and these estimates do not account for the possibility that AMD’s 3rd-gen EPYC Milan-powered server processors and higher-priced GPUs improve AMD’s free cash flow margin. A 30% free cash flow margin next year implies a free cash flow of $6.0B.\n(Source: Author)\n\n\n\n\n\nAMD is guiding for $4.1B in revenues +/- $100 million and the firm refreshed its FY 2021 revenue and gross margin guidance (as predicted). AMD now expects 60% revenue growth for FY 2021 (before 50%) and a gross margin of 48% (before 47%). Assuming 60% revenue growth, AMD is now looking at full year revenues of $15.6B (before $14.6B), so AMD's new guidance calls for $1.0B in additional revenues that were so far not priced into AMD’s market value.\n(Source:AMD)\nAMD’s higher gross margins and sales guidance create a potent force for the firm’s stock to revalue higher. Because of the recent dip in AMD’s shares and the addition of $1.0B in revenues, AMD’s dollar sales growth has become even cheaper after earnings. AMD’s dollar sales growth is valued lower than Nvidia’s and AMD is growing potentially at a faster rate: AMD's revenue guidance calls for 60% Y/Y growth and estimates for Nvidia imply \"only\" 49% Y/Y revenue growth for FY 2021. AMD has a market-capitalization-to-earnings ratio of 42.5 which is low for a firm that grows revenues 60% and that has a gross margin closing in on 50%.\n(Source: Author)\n\n\n\n\n\nNvidia’s P-E ratio based on an FY 2022 EPS of $17.29 is 44.5. If AMD earnings growth (FY 2022 EPS of $2.71) was valued the same as Nvidia’s, AMD’s fair price would be $120 ($2.71 x 44.5 earnings multiplier factor), indicating 17% upside.\nChallenges to my price target\nThe biggest opportunities and the biggest risks for AMD are tied to gross margins. AMD is having a year of strong revenue acceleration and margin growth, which is the chief reason why I believe AMD can revalue higher. But gross margins can't grow 3-4 PP every quarter. If AMD's gross margin expansion slows, or worse, gross margins drop back to 40%, decreasing stock returns for AMD are likely. A reversal in the gross margin trend would change my opinion on AMD and put my $120 stock price target in jeopardy.\nSoftening ASPs for CPUs and graphic chips are likely going to be the canary in the coal mine and could indicate weakening end markets for AMD ahead of time. Softer end markets imply AMD's revenue growth will slow which could result in a lower earnings multiplier factor by which AMD's profits are valued. I don't believe AMD is overvalued based on earnings, but the market may disagree with my assessment at any time.\nFinal thoughts\nAMD reported impressive revenue growth and gross margins for Q2. AMD's raised guidance and Q/Q revenue acceleration indicate that end markets for CPUs and GPUs are a lot stronger than expected. This could lead to another year of revenue acceleration and a continual expansion of AMD’s gross margin to 50%, supported by rising ASPs. AMD's risk profile is still heavily skewed to the upside.","news_type":1},"isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803394466,"gmtCreate":1627409446355,"gmtModify":1631891655070,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Yes! Please!","listText":"Yes! Please!","text":"Yes! Please!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803394466","repostId":"2154990778","repostType":4,"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175158088,"gmtCreate":1627015878344,"gmtModify":1631891655073,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175158088","repostId":"1113949436","repostType":4,"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175159011,"gmtCreate":1627015712233,"gmtModify":1631891655076,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Good!","listText":"Good!","text":"Good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175159011","repostId":"1164478982","repostType":4,"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170479141,"gmtCreate":1626448206483,"gmtModify":1631891655078,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/170479141","repostId":"1149577900","repostType":4,"isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170444448,"gmtCreate":1626448111884,"gmtModify":1631891655081,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Really?","listText":"Really?","text":"Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170444448","repostId":"1171115394","repostType":4,"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147582288,"gmtCreate":1626364233844,"gmtModify":1631891655083,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Like!","listText":"Like!","text":"Like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/147582288","repostId":"2151154518","repostType":4,"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146624446,"gmtCreate":1626077807785,"gmtModify":1631891655086,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Yes!","listText":"Yes!","text":"Yes!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/146624446","repostId":"2150267773","repostType":4,"repost":{"id":"2150267773","kind":"news","pubTimestamp":1626076380,"share":"https://www.laohu8.com/m/news/2150267773?lang=&edition=full","pubTime":"2021-07-12 15:53","market":"us","language":"en","title":"Authentic Brands IPO: AUTH May Be Valued at $10 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2150267773","media":"Investopedia","summary":"Authentic Brands Group owns a variety of well-known retailers, among them JCPenney, Forever 21, Eddi","content":"<p>Authentic Brands Group owns a variety of well-known retailers, among them JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, Aeropostale, Lucky Brand, Barneys New York, and Juicy Couture. As a result, Authentic Brands has become <a href=\"https://laohu8.com/S/AONE\">one</a> of the biggest operators of brick-and-mortar stores during a period of increasing online sales. The company also holds licenses to more than 30 brands, such as Sports Illustrated and Marilyn Monroe. The upshot is that Authentic Brands derives most of its sales revenue from licensing fees.</p>\n<h3>Key Takeaways</h3>\n<ul>\n <li>Authentic Brands owns several retailers, including JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, and Aeropostale.</li>\n <li>Authentic Brands also owns the license to more than 30 brands.</li>\n <li>Authentic Brands will go public in an IPO that may value the company at $10 billion.</li>\n <li>Authentic Brands reported total revenue of $489 million and net income of $225 million in 2020.</li>\n</ul>\n<p>Authentic Brands, which is headquartered in New York, was founded in 2010 by Toronto-based Jamie Salter, who serves as its chairman and CEO. Salter's four sons also are employed by Authentic Brands, including Corey Salter who serves as its chief operating officer (COO).</p>\n<p>Jamie Salter previously was CEO of Hilco Consumer Capital (HCC), which took brands such as instant photography pioneer Polaroid and specialty retailer Sharper Image out of bankruptcy. Hilco describes itself as: \"a leading private equity firm that makes strategic investments in consumer product retailers, wholesalers, manufacturers and intellectual property. Our core focus is on North American companies with strong consumer brands.\"</p>\n<p>The preliminary prospectus filed by Authentic Brands for its IPO does not specify an anticipated offering price or date for the shares, nor does it place a valuation on the company. However, it is known that the offering will include two share classes, with class A shares being sold to the general public and class B shares, which will have greater voting rights, being issued to Jamie Salter and his key associates.</p>\n<p>While the preliminary prospectus indicates that the IPO is expected to raise $100 million, this is widely viewed as merely a placeholder amount that is expected to change significantly. Bloomberg estimates that Authentic Brands actually could be worth about $10 billion when its IPO finally comes to market, roughly double an estimated valuation of $4 billion to $5 billion in 2019.</p>\n<h2>Authentic Brands Company Financials</h2>\n<p>The table below presents key financial data for Authentic Brands, for the most recent reported year, with comparisons to the prior year.</p>\n<table>\n <colgroup span=\"1\"></colgroup>\n <colgroup span=\"1\"></colgroup>\n <colgroup span=\"1\"></colgroup>\n <thead>\n  <tr>\n   <th colspan=\"3\">Authentic Brands Key Financials: Most Recent Years</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>Metric</td>\n   <td>Full Year 2020</td>\n   <td>Full Year 2019</td>\n  </tr>\n  <tr>\n   <td>Total Revenue</td>\n   <td>$488.9 million</td>\n   <td>$480.4 million</td>\n  </tr>\n  <tr>\n   <td>Net Income</td>\n   <td>$225.3 million</td>\n   <td>$96.5 million</td>\n  </tr>\n  <tr>\n   <td>Licensing Revenue</td>\n   <td>$471.3 million</td>\n   <td>$469.3 million</td>\n  </tr>\n </tbody>\n</table>\n<p>Source: Authentic Brands S-1 Filing</p>\n<p>The results for full year 2019 included a realized loss on investments of $93.9 million, whereas the company reported a gain of $0.7 million in 2020. The table below presents the same key financial data as shown above, but for the most recent reported quarter, with comparisons to the same quarter in the previous year.</p>\n<table>\n <colgroup span=\"1\"></colgroup>\n <colgroup span=\"1\"></colgroup>\n <colgroup span=\"1\"></colgroup>\n <thead>\n  <tr>\n   <th colspan=\"3\">Authentic Brands Key Financials: Most Recent Quarter</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>Metric</td>\n   <td>Q1 2021</td>\n   <td>Q1 2020</td>\n  </tr>\n  <tr>\n   <td>Total Revenue</td>\n   <td>$160.1 million</td>\n   <td>$120.5 million</td>\n  </tr>\n  <tr>\n   <td>Net Income</td>\n   <td>$294.9 million</td>\n   <td>$60.8 million</td>\n  </tr>\n  <tr>\n   <td>Licensing Revenue</td>\n   <td>$153.3 million</td>\n   <td>$117.4 million</td>\n  </tr>\n </tbody>\n</table>\n<p>Source: Authentic Brands S-1 Filing</p>\n<p>Net income for Q1 2021 included $201.0 million of equity in net income of investments accounted for under the equity method. In Q1 2020, this figure was a loss of $35.9 million.</p>\n<p>Among the key achievements cited by management for the period from 2016 through 2020 were an increase in revenue from $165 million to $489 million, representing a CAGR of 31%. Meanwhile, net income attributable to Authentic Brands Group grew from $45 million to $211 million, for a CAGR of 47%.</p>\n<h2>Additional Company Details</h2>\n<p>Authentic Brands has partnered with mall owner Simon Property Group (SPG) in the acquisitions of several retailers, including JCPenney, Forever 21, and Aeropostale. The largest shareholders in Authentic Brands include chairman and CEO Jamie Salter, Simon Property Group, BlackRock (BLK), Leonard Green &amp; Partners, Lion Capital, and General Atlantic.</p>\n<h2>The Bottom Line</h2>\n<p>The details of the Authentic Brands Group IPO are still a work in process. The lead underwriters are Bank of America (BAC), JPMorgan Chase (JPM), and Goldman Sachs Group (GS).</p>\n<p>With the accelerating rise of e-commerce continuing to damage the prospects of traditional brick-and-mortar stores, the upcoming Authentic Brands Group IPO represents something of a contrarian play, partially a bet that physical retailers still offer value, especially if they can be acquired at attractive beaten-down prices. Moreover, the importance of licensing fees to Authentic Brands (representing roughly 96% or more of total revenues) means that the company's value rests largely within the brands themselves, and not in specific distribution channels.</p>","source":"yahoofinance","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>Authentic Brands IPO: AUTH May Be Valued at $10 Billion</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nAuthentic Brands IPO: AUTH May Be Valued at $10 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/authentic-brands-ipo-auth-expected-to-raise-usd100-million-5191826?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Authentic Brands Group owns a variety of well-known retailers, among them JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, Aeropostale, Lucky Brand, Barneys New York, and Juicy Couture. ...</p>\n\n<a href=\"https://www.investopedia.com/authentic-brands-ipo-auth-expected-to-raise-usd100-million-5191826?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.investopedia.com/authentic-brands-ipo-auth-expected-to-raise-usd100-million-5191826?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2150267773","content_text":"Authentic Brands Group owns a variety of well-known retailers, among them JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, Aeropostale, Lucky Brand, Barneys New York, and Juicy Couture. As a result, Authentic Brands has become one of the biggest operators of brick-and-mortar stores during a period of increasing online sales. The company also holds licenses to more than 30 brands, such as Sports Illustrated and Marilyn Monroe. The upshot is that Authentic Brands derives most of its sales revenue from licensing fees.\nKey Takeaways\n\nAuthentic Brands owns several retailers, including JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, and Aeropostale.\nAuthentic Brands also owns the license to more than 30 brands.\nAuthentic Brands will go public in an IPO that may value the company at $10 billion.\nAuthentic Brands reported total revenue of $489 million and net income of $225 million in 2020.\n\nAuthentic Brands, which is headquartered in New York, was founded in 2010 by Toronto-based Jamie Salter, who serves as its chairman and CEO. Salter's four sons also are employed by Authentic Brands, including Corey Salter who serves as its chief operating officer (COO).\nJamie Salter previously was CEO of Hilco Consumer Capital (HCC), which took brands such as instant photography pioneer Polaroid and specialty retailer Sharper Image out of bankruptcy. Hilco describes itself as: \"a leading private equity firm that makes strategic investments in consumer product retailers, wholesalers, manufacturers and intellectual property. Our core focus is on North American companies with strong consumer brands.\"\nThe preliminary prospectus filed by Authentic Brands for its IPO does not specify an anticipated offering price or date for the shares, nor does it place a valuation on the company. However, it is known that the offering will include two share classes, with class A shares being sold to the general public and class B shares, which will have greater voting rights, being issued to Jamie Salter and his key associates.\nWhile the preliminary prospectus indicates that the IPO is expected to raise $100 million, this is widely viewed as merely a placeholder amount that is expected to change significantly. Bloomberg estimates that Authentic Brands actually could be worth about $10 billion when its IPO finally comes to market, roughly double an estimated valuation of $4 billion to $5 billion in 2019.\nAuthentic Brands Company Financials\nThe table below presents key financial data for Authentic Brands, for the most recent reported year, with comparisons to the prior year.\n\n\n\n\n\n\nAuthentic Brands Key Financials: Most Recent Years\n\n\n\n\nMetric\nFull Year 2020\nFull Year 2019\n\n\nTotal Revenue\n$488.9 million\n$480.4 million\n\n\nNet Income\n$225.3 million\n$96.5 million\n\n\nLicensing Revenue\n$471.3 million\n$469.3 million\n\n\n\nSource: Authentic Brands S-1 Filing\nThe results for full year 2019 included a realized loss on investments of $93.9 million, whereas the company reported a gain of $0.7 million in 2020. The table below presents the same key financial data as shown above, but for the most recent reported quarter, with comparisons to the same quarter in the previous year.\n\n\n\n\n\n\nAuthentic Brands Key Financials: Most Recent Quarter\n\n\n\n\nMetric\nQ1 2021\nQ1 2020\n\n\nTotal Revenue\n$160.1 million\n$120.5 million\n\n\nNet Income\n$294.9 million\n$60.8 million\n\n\nLicensing Revenue\n$153.3 million\n$117.4 million\n\n\n\nSource: Authentic Brands S-1 Filing\nNet income for Q1 2021 included $201.0 million of equity in net income of investments accounted for under the equity method. In Q1 2020, this figure was a loss of $35.9 million.\nAmong the key achievements cited by management for the period from 2016 through 2020 were an increase in revenue from $165 million to $489 million, representing a CAGR of 31%. Meanwhile, net income attributable to Authentic Brands Group grew from $45 million to $211 million, for a CAGR of 47%.\nAdditional Company Details\nAuthentic Brands has partnered with mall owner Simon Property Group (SPG) in the acquisitions of several retailers, including JCPenney, Forever 21, and Aeropostale. The largest shareholders in Authentic Brands include chairman and CEO Jamie Salter, Simon Property Group, BlackRock (BLK), Leonard Green & Partners, Lion Capital, and General Atlantic.\nThe Bottom Line\nThe details of the Authentic Brands Group IPO are still a work in process. The lead underwriters are Bank of America (BAC), JPMorgan Chase (JPM), and Goldman Sachs Group (GS).\nWith the accelerating rise of e-commerce continuing to damage the prospects of traditional brick-and-mortar stores, the upcoming Authentic Brands Group IPO represents something of a contrarian play, partially a bet that physical retailers still offer value, especially if they can be acquired at attractive beaten-down prices. Moreover, the importance of licensing fees to Authentic Brands (representing roughly 96% or more of total revenues) means that the company's value rests largely within the brands themselves, and not in specific distribution channels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146620428,"gmtCreate":1626077461264,"gmtModify":1631893945016,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146620428","repostId":"2150230102","repostType":4,"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141774034,"gmtCreate":1625896011928,"gmtModify":1631893945019,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Useful info","listText":"Useful info","text":"Useful info","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/141774034","repostId":"2150370120","repostType":4,"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156231716,"gmtCreate":1625223849435,"gmtModify":1631893945024,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156231716","repostId":"1190296598","repostType":4,"repost":{"id":"1190296598","kind":"news","pubTimestamp":1625213296,"share":"https://www.laohu8.com/m/news/1190296598?lang=&edition=full","pubTime":"2021-07-02 16:08","market":"us","language":"en","title":"J&J Covid-19 Vaccine Shows Promising Preliminary Signs of Protecting Against Delta Variant","url":"https://stock-news.laohu8.com/highlight/detail?id=1190296598","media":"The Wall Street Journal","summary":"Vaccine triggered strong immune response in blood samples from eight vaccinated people.\n\nJohnson & J","content":"<blockquote>\n Vaccine triggered strong immune response in blood samples from eight vaccinated people.\n</blockquote>\n<p>Johnson &amp; Johnson’sJNJ0.74%Covid-19 vaccine showed promising signs in a small laboratory study of protecting against the Delta variant spreading across the U.S. and other countries, the company said.</p>\n<p>In laboratory testing, the vaccine triggered a strong immune response in blood samples taken from eight vaccinated people, J&amp;J said Thursday.</p>\n<p>The positive performance adds to a growing set of evidence indicating currently authorized Covid-19 vaccines can safeguard against the Delta variant, which appears to be more contagious than earlier strains.</p>\n<p>How well the J&amp;J shot fares against the Delta variant has been closely watched by health authorities around the world.</p>\n<p>Many countries have been counting on supplies, especially because the vaccine is simpler to ship, handle and store than the shots fromPfizerInc.PFE1.02%and its partnerBioNTech SEBNTX0.05%and fromModernaInc.MRNA0.06%</p>\n<p>The new findings “reinforce the ability of the Johnson &amp; Johnson Covid-19 vaccine to help protect the health of people globally,” said J&amp;J Chief Scientific Officer Paul Stoffels.</p>\n<p>J&amp;J also said its vaccine, in a separate study, generated immune responses against Covid-19 lasting for at least eight months, the most time that researchers were able to study the shot’s durability.</p>\n<p>J&amp;J, of New Brunswick, N.J., released the high-level findings in a news release, not a detailed and peer-reviewed study.</p>\n<p>The Delta variant first emerged in India late last year. Since then, it has spread rapidly, becoming the most common strain of the Covid-19 virus in several countries,including the U.S.</p>\n<p>The variant made up about 40% of positive Covid-19 test samples as of June 27, according to population genomics company Helix OpCo LLC, which collects and analyzes test samples from several U.S. states.</p>\n<p>Vaccination is the best defense against the Delta variant, according to public-health authorities, who have cited the threat posed by the strain in urging people to get immunized.</p>\n<p>So far, studies have indicated various vaccines appear effective against the Delta strain, especially once individuals have been fully vaccinated, though the shots aren’t as protective as they are against the original virus.</p>\n<p>Separate studies in England and Scotland found that vaccines from Pfizer-BioNTech andAstraZenecaPLCoffered substantial protection from the Delta variantagainst severe cases of Covid-19 and hospitalization.</p>\n<p>England’s public health agency said an analysis of 14,000 cases found the Pfizer-BioNTech shot reduced the risk of hospitalization after infection with Delta by 96%.</p>\n<p>J&amp;J’s single-dose shot is based on a different technology than the Pfizer-BioNTech and Moderna vaccines, but operates similar to AstraZeneca’s.</p>\n<p>J&amp;J’s shot uses a modified version of the virus responsible for the common cold, to carry genetic instructions teaching cells how to make the spike protein that juts from the surface of the coronavirus.</p>\n<p>Production of the spike protein, in turn,prompts the immune system to develop molecular defensesagainst the coronavirus.</p>\n<p>In its large, pivotal study, the J&amp;J vaccine was 66% effective in protecting against Covid-19 and 85% effective against severe disease. The shot appeared to be less effective in South Africa, where the variant now called Beta was circulating.</p>\n<p>Overall, however, it was highly effective in places where variants were spreading during the trial.</p>\n<p>J&amp;J said the immune response found in its recent laboratory study was higher for the Delta variant than for Beta.</p>\n<p>The study looked at blood samples from eight people in the J&amp;J vaccine’s Phase 3 trial. The study found the shot triggered strong levels of neutralizing antibodies, agents of the immune system thought to be most effective fighting viruses.</p>\n<p>Data on the durability of the vaccine’s protection came from a separate small study by Dan Barouch, an immunologist at Beth Israel Deaconess Medical Center in Boston who helped develop the J&amp;J vaccine.</p>\n<p>The study found that strong neutralizing-antibody and other immune responses to Covid-19, including to the Delta strain, persisted for the eight months examined, J&amp;J said.</p>\n<p>The U.S. Food and Drug Administrationauthorized J&amp;J’s shotin February.</p>\n<p>In April, federal health authorities temporarily recommended pausing use of J&amp;J’s vaccine while they investigated a blood-clotting condition among people who got the shot.</p>\n<p>Theauthorities lifted the pauseshortly after, however, saying the benefits of the vaccine outweighed the risk and issuing recommendations for treating the rare condition.</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>J&J Covid-19 Vaccine Shows Promising Preliminary Signs of Protecting Against Delta Variant</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nJ&J Covid-19 Vaccine Shows Promising Preliminary Signs of Protecting Against Delta Variant\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 16:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/j-j-covid-19-vaccine-shows-promising-preliminary-signs-of-protecting-against-delta-variant-11625184011?mod=business_lead_pos2><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vaccine triggered strong immune response in blood samples from eight vaccinated people.\n\nJohnson & Johnson’sJNJ0.74%Covid-19 vaccine showed promising signs in a small laboratory study of protecting ...</p>\n\n<a href=\"https://www.wsj.com/articles/j-j-covid-19-vaccine-shows-promising-preliminary-signs-of-protecting-against-delta-variant-11625184011?mod=business_lead_pos2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/j-j-covid-19-vaccine-shows-promising-preliminary-signs-of-protecting-against-delta-variant-11625184011?mod=business_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190296598","content_text":"Vaccine triggered strong immune response in blood samples from eight vaccinated people.\n\nJohnson & Johnson’sJNJ0.74%Covid-19 vaccine showed promising signs in a small laboratory study of protecting against the Delta variant spreading across the U.S. and other countries, the company said.\nIn laboratory testing, the vaccine triggered a strong immune response in blood samples taken from eight vaccinated people, J&J said Thursday.\nThe positive performance adds to a growing set of evidence indicating currently authorized Covid-19 vaccines can safeguard against the Delta variant, which appears to be more contagious than earlier strains.\nHow well the J&J shot fares against the Delta variant has been closely watched by health authorities around the world.\nMany countries have been counting on supplies, especially because the vaccine is simpler to ship, handle and store than the shots fromPfizerInc.PFE1.02%and its partnerBioNTech SEBNTX0.05%and fromModernaInc.MRNA0.06%\nThe new findings “reinforce the ability of the Johnson & Johnson Covid-19 vaccine to help protect the health of people globally,” said J&J Chief Scientific Officer Paul Stoffels.\nJ&J also said its vaccine, in a separate study, generated immune responses against Covid-19 lasting for at least eight months, the most time that researchers were able to study the shot’s durability.\nJ&J, of New Brunswick, N.J., released the high-level findings in a news release, not a detailed and peer-reviewed study.\nThe Delta variant first emerged in India late last year. Since then, it has spread rapidly, becoming the most common strain of the Covid-19 virus in several countries,including the U.S.\nThe variant made up about 40% of positive Covid-19 test samples as of June 27, according to population genomics company Helix OpCo LLC, which collects and analyzes test samples from several U.S. states.\nVaccination is the best defense against the Delta variant, according to public-health authorities, who have cited the threat posed by the strain in urging people to get immunized.\nSo far, studies have indicated various vaccines appear effective against the Delta strain, especially once individuals have been fully vaccinated, though the shots aren’t as protective as they are against the original virus.\nSeparate studies in England and Scotland found that vaccines from Pfizer-BioNTech andAstraZenecaPLCoffered substantial protection from the Delta variantagainst severe cases of Covid-19 and hospitalization.\nEngland’s public health agency said an analysis of 14,000 cases found the Pfizer-BioNTech shot reduced the risk of hospitalization after infection with Delta by 96%.\nJ&J’s single-dose shot is based on a different technology than the Pfizer-BioNTech and Moderna vaccines, but operates similar to AstraZeneca’s.\nJ&J’s shot uses a modified version of the virus responsible for the common cold, to carry genetic instructions teaching cells how to make the spike protein that juts from the surface of the coronavirus.\nProduction of the spike protein, in turn,prompts the immune system to develop molecular defensesagainst the coronavirus.\nIn its large, pivotal study, the J&J vaccine was 66% effective in protecting against Covid-19 and 85% effective against severe disease. The shot appeared to be less effective in South Africa, where the variant now called Beta was circulating.\nOverall, however, it was highly effective in places where variants were spreading during the trial.\nJ&J said the immune response found in its recent laboratory study was higher for the Delta variant than for Beta.\nThe study looked at blood samples from eight people in the J&J vaccine’s Phase 3 trial. The study found the shot triggered strong levels of neutralizing antibodies, agents of the immune system thought to be most effective fighting viruses.\nData on the durability of the vaccine’s protection came from a separate small study by Dan Barouch, an immunologist at Beth Israel Deaconess Medical Center in Boston who helped develop the J&J vaccine.\nThe study found that strong neutralizing-antibody and other immune responses to Covid-19, including to the Delta strain, persisted for the eight months examined, J&J said.\nThe U.S. Food and Drug Administrationauthorized J&J’s shotin February.\nIn April, federal health authorities temporarily recommended pausing use of J&J’s vaccine while they investigated a blood-clotting condition among people who got the shot.\nTheauthorities lifted the pauseshortly after, however, saying the benefits of the vaccine outweighed the risk and issuing recommendations for treating the rare condition.","news_type":1},"isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158296798,"gmtCreate":1625150071114,"gmtModify":1631893945025,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"😇","listText":"😇","text":"😇","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158296798","repostId":"1186720190","repostType":4,"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158205478,"gmtCreate":1625149852294,"gmtModify":1631893945028,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Right!","listText":"Right!","text":"Right!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158205478","repostId":"2148825736","repostType":4,"isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":175159011,"gmtCreate":1627015712233,"gmtModify":1631891655076,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Good!","listText":"Good!","text":"Good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175159011","repostId":"1164478982","repostType":4,"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806231076,"gmtCreate":1627656781195,"gmtModify":1631891655070,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806231076","repostId":"1135561812","repostType":4,"repost":{"id":"1135561812","kind":"news","pubTimestamp":1627637430,"share":"https://www.laohu8.com/m/news/1135561812?lang=&edition=full","pubTime":"2021-07-30 17:30","market":"us","language":"en","title":"AMD: Still Growing, Still Undervalued","url":"https://stock-news.laohu8.com/highlight/detail?id=1135561812","media":"seekingalpha","summary":"AMD's margin gains are driven by growing strength in end markets.AMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.AMD's dollar sales growth is cheaper than Nvidia's and AMD might even grow faster.The most interesting revelation of AMD’s Q2’21 earnings, however, was the trend in gross margins. AMD's gross margin jumped 4 PP to 48%, 1 PP above guidance because of a better mix of higher-priced Ryzen processors  and Radeon graphic cards. The uptick in g","content":"<p><b>Summary</b></p>\n<ul>\n <li>AMD's margin gains are driven by growing strength in end markets.</li>\n <li>AMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.</li>\n <li>The semiconductor firm could be a $6.0B free cash flow business next year, even if growth slows down.</li>\n <li>AMD's dollar sales growth is cheaper than Nvidia's and AMD might even grow faster.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e6e179318de667e33987f1b4a2afb27\" tg-width=\"768\" tg-height=\"512\" width=\"100%\" height=\"auto\"><span>Jay_Zynism/iStock via Getty Images</span></p>\n<p>AMD (AMD) made a splash yesterday after the semiconductor company reported growth and margins that were even better than what was expected. AMD’s revenue acceleration and strong gross margin expansion make a strong case for upside in the stock.</p>\n<p><b>Why AMD is worth $120</b></p>\n<p>Before I dive into AMD’s latestresults, let’s quickly recap what the firm’s guidance was for the last quarter. For Q2’21, AMD expected a minimum of $3.5B in revenues with “high case” guidance implying 7% revenue growth Q/Q and a gross margin of 47%.</p>\n<p>I expected AMD’s revenues to hit the high end of guidance ($3.7B), to have a minimum free cash flow of $895M (8% Q/Q growth) and a free cash flow margin of 24%. Given the acceleration of sales in higher-priced Ryzen desktop and notebook processors and GPUs as well as higher average selling prices/ASPs driven by broad-based strength in end markets, I expected AMD to beat its own margin guidance and report a gross margin of 48% for Q2’21. I also predicted a refreshment of AMD’s gross margin guidance due to strength in CPU and GPU ASPs. I laid out my forecast for AMD’s Q2’21 earnings in detail inAMD: On The Road To $5 Billion In Annual Free Cash Flow.</p>\n<p>Turning to AMD’s actual results, the semiconductor firm proved once more that it is firing on all cylinders. AMD’s Q2’21 revenues were $3,850M, $150M above the high-end of guidance and up 12% Q/Q, with revenue momentum continuing in both Graphics/Computing and Enterprise markets. Graphics/Computing revenues increased 7% Q/Q to $2,250M because of higher client and graphic processor sales as well as strengthening ASPs. Enterprise, which has become the driver of AMD’s sales growth in recent quarters, saw Q2'21 revenues of $1.6B, up 19% Q/Q. Enterprise revenues continued to accelerate in Q2'21, after AMD recorded 5% Q/Q revenue growth in Q1'21.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ec3e9d1f0b7d59915f9db8790725803\" tg-width=\"1039\" tg-height=\"587\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p>\n<p>The most interesting revelation of AMD’s Q2’21 earnings, however, was the trend in gross margins. AMD's gross margin jumped 4 PP to 48%, 1 PP above guidance because of a better mix of higher-priced Ryzen processors (both mobile and desktop) and Radeon graphic cards. The uptick in gross margins in Q2’21 marked the third straight quarter of margin expansion for AMD and I don’t believe AMD has seen the end of this trend yet.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dca6426ffa1332827a6774554d499c36\" tg-width=\"1048\" tg-height=\"566\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p>\n<p>Turning to cash flow.</p>\n<p>AMD reported cash flow from operating activities of $952M and free cash flow of $888M, $7M short of my expectation, but still almost six times more than a year ago. As AMD continues to see strong revenue growth tailwinds in both Computing/Graphics and Enterprise end markets, I believe AMD could grow its free cash flow margin to 30% by the end of next year. AMD raised its revenue guidance for FY 2021 (discussed later) by $1.0B which means I am also refreshing my free cash flow expectations for this year and next year.</p>\n<p>AMD expects to have revenues of $15.6B this year. Assuming a stable free cash flow margin of 23-24%, AMD is looking at free cash flow of $3.6B to $3.7B. Revenue estimates for next year are not refreshed yet, but AMD should have revenues of at least $20B in FY 2022 (assuming 25% Y/Y growth), implying free cash flow of $4.6B to $4.8B next year… and these estimates do not account for the possibility that AMD’s 3rd-gen EPYC Milan-powered server processors and higher-priced GPUs improve AMD’s free cash flow margin. A 30% free cash flow margin next year implies a free cash flow of $6.0B.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ea23b7429f2edd8ce6dda945a88daa7\" tg-width=\"819\" tg-height=\"593\" width=\"100%\" height=\"auto\"><span>(Source: Author)</span></p>\n<table>\n <tbody>\n  <tr></tr>\n </tbody>\n</table>\n<p>AMD is guiding for $4.1B in revenues +/- $100 million and the firm refreshed its FY 2021 revenue and gross margin guidance (as predicted). AMD now expects 60% revenue growth for FY 2021 (before 50%) and a gross margin of 48% (before 47%). Assuming 60% revenue growth, AMD is now looking at full year revenues of $15.6B (before $14.6B), so AMD's new guidance calls for $1.0B in additional revenues that were so far not priced into AMD’s market value.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e5c3c579e4a6472ae2c495a325b9a2b\" tg-width=\"1038\" tg-height=\"572\" width=\"100%\" height=\"auto\"><span>(Source:AMD)</span></p>\n<p>AMD’s higher gross margins and sales guidance create a potent force for the firm’s stock to revalue higher. Because of the recent dip in AMD’s shares and the addition of $1.0B in revenues, AMD’s dollar sales growth has become even cheaper after earnings. AMD’s dollar sales growth is valued lower than Nvidia’s and AMD is growing potentially at a faster rate: AMD's revenue guidance calls for 60% Y/Y growth and estimates for Nvidia imply \"only\" 49% Y/Y revenue growth for FY 2021. AMD has a market-capitalization-to-earnings ratio of 42.5 which is low for a firm that grows revenues 60% and that has a gross margin closing in on 50%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/653c9dd9d37a4abd742703bd87dd3534\" tg-width=\"908\" tg-height=\"312\" width=\"100%\" height=\"auto\"><span>(Source: Author)</span></p>\n<table>\n <tbody>\n  <tr></tr>\n </tbody>\n</table>\n<p>Nvidia’s P-E ratio based on an FY 2022 EPS of $17.29 is 44.5. If AMD earnings growth (FY 2022 EPS of $2.71) was valued the same as Nvidia’s, AMD’s fair price would be $120 ($2.71 x 44.5 earnings multiplier factor), indicating 17% upside.</p>\n<p><b>Challenges to my price target</b></p>\n<p>The biggest opportunities and the biggest risks for AMD are tied to gross margins. AMD is having a year of strong revenue acceleration and margin growth, which is the chief reason why I believe AMD can revalue higher. But gross margins can't grow 3-4 PP every quarter. If AMD's gross margin expansion slows, or worse, gross margins drop back to 40%, decreasing stock returns for AMD are likely. A reversal in the gross margin trend would change my opinion on AMD and put my $120 stock price target in jeopardy.</p>\n<p>Softening ASPs for CPUs and graphic chips are likely going to be the canary in the coal mine and could indicate weakening end markets for AMD ahead of time. Softer end markets imply AMD's revenue growth will slow which could result in a lower earnings multiplier factor by which AMD's profits are valued. I don't believe AMD is overvalued based on earnings, but the market may disagree with my assessment at any time.</p>\n<p><b>Final thoughts</b></p>\n<p>AMD reported impressive revenue growth and gross margins for Q2. AMD's raised guidance and Q/Q revenue acceleration indicate that end markets for CPUs and GPUs are a lot stronger than expected. This could lead to another year of revenue acceleration and a continual expansion of AMD’s gross margin to 50%, supported by rising ASPs. AMD's risk profile is still heavily skewed to the upside.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD: Still Growing, Still Undervalued</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMD: Still Growing, Still Undervalued\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-30 17:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4442955-amd-still-growing-still-undervalued><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAMD's margin gains are driven by growing strength in end markets.\nAMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.\nThe semiconductor firm could...</p>\n\n<a href=\"https://seekingalpha.com/article/4442955-amd-still-growing-still-undervalued\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://seekingalpha.com/article/4442955-amd-still-growing-still-undervalued","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135561812","content_text":"Summary\n\nAMD's margin gains are driven by growing strength in end markets.\nAMD raised its revenue guidance by $1.0B for FY 2021 and gross margins are edging closer to 50%.\nThe semiconductor firm could be a $6.0B free cash flow business next year, even if growth slows down.\nAMD's dollar sales growth is cheaper than Nvidia's and AMD might even grow faster.\n\nJay_Zynism/iStock via Getty Images\nAMD (AMD) made a splash yesterday after the semiconductor company reported growth and margins that were even better than what was expected. AMD’s revenue acceleration and strong gross margin expansion make a strong case for upside in the stock.\nWhy AMD is worth $120\nBefore I dive into AMD’s latestresults, let’s quickly recap what the firm’s guidance was for the last quarter. For Q2’21, AMD expected a minimum of $3.5B in revenues with “high case” guidance implying 7% revenue growth Q/Q and a gross margin of 47%.\nI expected AMD’s revenues to hit the high end of guidance ($3.7B), to have a minimum free cash flow of $895M (8% Q/Q growth) and a free cash flow margin of 24%. Given the acceleration of sales in higher-priced Ryzen desktop and notebook processors and GPUs as well as higher average selling prices/ASPs driven by broad-based strength in end markets, I expected AMD to beat its own margin guidance and report a gross margin of 48% for Q2’21. I also predicted a refreshment of AMD’s gross margin guidance due to strength in CPU and GPU ASPs. I laid out my forecast for AMD’s Q2’21 earnings in detail inAMD: On The Road To $5 Billion In Annual Free Cash Flow.\nTurning to AMD’s actual results, the semiconductor firm proved once more that it is firing on all cylinders. AMD’s Q2’21 revenues were $3,850M, $150M above the high-end of guidance and up 12% Q/Q, with revenue momentum continuing in both Graphics/Computing and Enterprise markets. Graphics/Computing revenues increased 7% Q/Q to $2,250M because of higher client and graphic processor sales as well as strengthening ASPs. Enterprise, which has become the driver of AMD’s sales growth in recent quarters, saw Q2'21 revenues of $1.6B, up 19% Q/Q. Enterprise revenues continued to accelerate in Q2'21, after AMD recorded 5% Q/Q revenue growth in Q1'21.\n(Source:AMD)\nThe most interesting revelation of AMD’s Q2’21 earnings, however, was the trend in gross margins. AMD's gross margin jumped 4 PP to 48%, 1 PP above guidance because of a better mix of higher-priced Ryzen processors (both mobile and desktop) and Radeon graphic cards. The uptick in gross margins in Q2’21 marked the third straight quarter of margin expansion for AMD and I don’t believe AMD has seen the end of this trend yet.\n(Source:AMD)\nTurning to cash flow.\nAMD reported cash flow from operating activities of $952M and free cash flow of $888M, $7M short of my expectation, but still almost six times more than a year ago. As AMD continues to see strong revenue growth tailwinds in both Computing/Graphics and Enterprise end markets, I believe AMD could grow its free cash flow margin to 30% by the end of next year. AMD raised its revenue guidance for FY 2021 (discussed later) by $1.0B which means I am also refreshing my free cash flow expectations for this year and next year.\nAMD expects to have revenues of $15.6B this year. Assuming a stable free cash flow margin of 23-24%, AMD is looking at free cash flow of $3.6B to $3.7B. Revenue estimates for next year are not refreshed yet, but AMD should have revenues of at least $20B in FY 2022 (assuming 25% Y/Y growth), implying free cash flow of $4.6B to $4.8B next year… and these estimates do not account for the possibility that AMD’s 3rd-gen EPYC Milan-powered server processors and higher-priced GPUs improve AMD’s free cash flow margin. A 30% free cash flow margin next year implies a free cash flow of $6.0B.\n(Source: Author)\n\n\n\n\n\nAMD is guiding for $4.1B in revenues +/- $100 million and the firm refreshed its FY 2021 revenue and gross margin guidance (as predicted). AMD now expects 60% revenue growth for FY 2021 (before 50%) and a gross margin of 48% (before 47%). Assuming 60% revenue growth, AMD is now looking at full year revenues of $15.6B (before $14.6B), so AMD's new guidance calls for $1.0B in additional revenues that were so far not priced into AMD’s market value.\n(Source:AMD)\nAMD’s higher gross margins and sales guidance create a potent force for the firm’s stock to revalue higher. Because of the recent dip in AMD’s shares and the addition of $1.0B in revenues, AMD’s dollar sales growth has become even cheaper after earnings. AMD’s dollar sales growth is valued lower than Nvidia’s and AMD is growing potentially at a faster rate: AMD's revenue guidance calls for 60% Y/Y growth and estimates for Nvidia imply \"only\" 49% Y/Y revenue growth for FY 2021. AMD has a market-capitalization-to-earnings ratio of 42.5 which is low for a firm that grows revenues 60% and that has a gross margin closing in on 50%.\n(Source: Author)\n\n\n\n\n\nNvidia’s P-E ratio based on an FY 2022 EPS of $17.29 is 44.5. If AMD earnings growth (FY 2022 EPS of $2.71) was valued the same as Nvidia’s, AMD’s fair price would be $120 ($2.71 x 44.5 earnings multiplier factor), indicating 17% upside.\nChallenges to my price target\nThe biggest opportunities and the biggest risks for AMD are tied to gross margins. AMD is having a year of strong revenue acceleration and margin growth, which is the chief reason why I believe AMD can revalue higher. But gross margins can't grow 3-4 PP every quarter. If AMD's gross margin expansion slows, or worse, gross margins drop back to 40%, decreasing stock returns for AMD are likely. A reversal in the gross margin trend would change my opinion on AMD and put my $120 stock price target in jeopardy.\nSoftening ASPs for CPUs and graphic chips are likely going to be the canary in the coal mine and could indicate weakening end markets for AMD ahead of time. Softer end markets imply AMD's revenue growth will slow which could result in a lower earnings multiplier factor by which AMD's profits are valued. I don't believe AMD is overvalued based on earnings, but the market may disagree with my assessment at any time.\nFinal thoughts\nAMD reported impressive revenue growth and gross margins for Q2. AMD's raised guidance and Q/Q revenue acceleration indicate that end markets for CPUs and GPUs are a lot stronger than expected. This could lead to another year of revenue acceleration and a continual expansion of AMD’s gross margin to 50%, supported by rising ASPs. AMD's risk profile is still heavily skewed to the upside.","news_type":1},"isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170479141,"gmtCreate":1626448206483,"gmtModify":1631891655078,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/170479141","repostId":"1149577900","repostType":4,"isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141774034,"gmtCreate":1625896011928,"gmtModify":1631893945019,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Useful info","listText":"Useful info","text":"Useful info","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/141774034","repostId":"2150370120","repostType":4,"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170444448,"gmtCreate":1626448111884,"gmtModify":1631891655081,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Really?","listText":"Really?","text":"Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170444448","repostId":"1171115394","repostType":4,"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146624446,"gmtCreate":1626077807785,"gmtModify":1631891655086,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Yes!","listText":"Yes!","text":"Yes!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/146624446","repostId":"2150267773","repostType":4,"repost":{"id":"2150267773","kind":"news","pubTimestamp":1626076380,"share":"https://www.laohu8.com/m/news/2150267773?lang=&edition=full","pubTime":"2021-07-12 15:53","market":"us","language":"en","title":"Authentic Brands IPO: AUTH May Be Valued at $10 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2150267773","media":"Investopedia","summary":"Authentic Brands Group owns a variety of well-known retailers, among them JCPenney, Forever 21, Eddi","content":"<p>Authentic Brands Group owns a variety of well-known retailers, among them JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, Aeropostale, Lucky Brand, Barneys New York, and Juicy Couture. As a result, Authentic Brands has become <a href=\"https://laohu8.com/S/AONE\">one</a> of the biggest operators of brick-and-mortar stores during a period of increasing online sales. The company also holds licenses to more than 30 brands, such as Sports Illustrated and Marilyn Monroe. The upshot is that Authentic Brands derives most of its sales revenue from licensing fees.</p>\n<h3>Key Takeaways</h3>\n<ul>\n <li>Authentic Brands owns several retailers, including JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, and Aeropostale.</li>\n <li>Authentic Brands also owns the license to more than 30 brands.</li>\n <li>Authentic Brands will go public in an IPO that may value the company at $10 billion.</li>\n <li>Authentic Brands reported total revenue of $489 million and net income of $225 million in 2020.</li>\n</ul>\n<p>Authentic Brands, which is headquartered in New York, was founded in 2010 by Toronto-based Jamie Salter, who serves as its chairman and CEO. Salter's four sons also are employed by Authentic Brands, including Corey Salter who serves as its chief operating officer (COO).</p>\n<p>Jamie Salter previously was CEO of Hilco Consumer Capital (HCC), which took brands such as instant photography pioneer Polaroid and specialty retailer Sharper Image out of bankruptcy. Hilco describes itself as: \"a leading private equity firm that makes strategic investments in consumer product retailers, wholesalers, manufacturers and intellectual property. Our core focus is on North American companies with strong consumer brands.\"</p>\n<p>The preliminary prospectus filed by Authentic Brands for its IPO does not specify an anticipated offering price or date for the shares, nor does it place a valuation on the company. However, it is known that the offering will include two share classes, with class A shares being sold to the general public and class B shares, which will have greater voting rights, being issued to Jamie Salter and his key associates.</p>\n<p>While the preliminary prospectus indicates that the IPO is expected to raise $100 million, this is widely viewed as merely a placeholder amount that is expected to change significantly. Bloomberg estimates that Authentic Brands actually could be worth about $10 billion when its IPO finally comes to market, roughly double an estimated valuation of $4 billion to $5 billion in 2019.</p>\n<h2>Authentic Brands Company Financials</h2>\n<p>The table below presents key financial data for Authentic Brands, for the most recent reported year, with comparisons to the prior year.</p>\n<table>\n <colgroup span=\"1\"></colgroup>\n <colgroup span=\"1\"></colgroup>\n <colgroup span=\"1\"></colgroup>\n <thead>\n  <tr>\n   <th colspan=\"3\">Authentic Brands Key Financials: Most Recent Years</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>Metric</td>\n   <td>Full Year 2020</td>\n   <td>Full Year 2019</td>\n  </tr>\n  <tr>\n   <td>Total Revenue</td>\n   <td>$488.9 million</td>\n   <td>$480.4 million</td>\n  </tr>\n  <tr>\n   <td>Net Income</td>\n   <td>$225.3 million</td>\n   <td>$96.5 million</td>\n  </tr>\n  <tr>\n   <td>Licensing Revenue</td>\n   <td>$471.3 million</td>\n   <td>$469.3 million</td>\n  </tr>\n </tbody>\n</table>\n<p>Source: Authentic Brands S-1 Filing</p>\n<p>The results for full year 2019 included a realized loss on investments of $93.9 million, whereas the company reported a gain of $0.7 million in 2020. The table below presents the same key financial data as shown above, but for the most recent reported quarter, with comparisons to the same quarter in the previous year.</p>\n<table>\n <colgroup span=\"1\"></colgroup>\n <colgroup span=\"1\"></colgroup>\n <colgroup span=\"1\"></colgroup>\n <thead>\n  <tr>\n   <th colspan=\"3\">Authentic Brands Key Financials: Most Recent Quarter</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>Metric</td>\n   <td>Q1 2021</td>\n   <td>Q1 2020</td>\n  </tr>\n  <tr>\n   <td>Total Revenue</td>\n   <td>$160.1 million</td>\n   <td>$120.5 million</td>\n  </tr>\n  <tr>\n   <td>Net Income</td>\n   <td>$294.9 million</td>\n   <td>$60.8 million</td>\n  </tr>\n  <tr>\n   <td>Licensing Revenue</td>\n   <td>$153.3 million</td>\n   <td>$117.4 million</td>\n  </tr>\n </tbody>\n</table>\n<p>Source: Authentic Brands S-1 Filing</p>\n<p>Net income for Q1 2021 included $201.0 million of equity in net income of investments accounted for under the equity method. In Q1 2020, this figure was a loss of $35.9 million.</p>\n<p>Among the key achievements cited by management for the period from 2016 through 2020 were an increase in revenue from $165 million to $489 million, representing a CAGR of 31%. Meanwhile, net income attributable to Authentic Brands Group grew from $45 million to $211 million, for a CAGR of 47%.</p>\n<h2>Additional Company Details</h2>\n<p>Authentic Brands has partnered with mall owner Simon Property Group (SPG) in the acquisitions of several retailers, including JCPenney, Forever 21, and Aeropostale. The largest shareholders in Authentic Brands include chairman and CEO Jamie Salter, Simon Property Group, BlackRock (BLK), Leonard Green &amp; Partners, Lion Capital, and General Atlantic.</p>\n<h2>The Bottom Line</h2>\n<p>The details of the Authentic Brands Group IPO are still a work in process. The lead underwriters are Bank of America (BAC), JPMorgan Chase (JPM), and Goldman Sachs Group (GS).</p>\n<p>With the accelerating rise of e-commerce continuing to damage the prospects of traditional brick-and-mortar stores, the upcoming Authentic Brands Group IPO represents something of a contrarian play, partially a bet that physical retailers still offer value, especially if they can be acquired at attractive beaten-down prices. Moreover, the importance of licensing fees to Authentic Brands (representing roughly 96% or more of total revenues) means that the company's value rests largely within the brands themselves, and not in specific distribution channels.</p>","source":"yahoofinance","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>Authentic Brands IPO: AUTH May Be Valued at $10 Billion</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nAuthentic Brands IPO: AUTH May Be Valued at $10 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/authentic-brands-ipo-auth-expected-to-raise-usd100-million-5191826?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Authentic Brands Group owns a variety of well-known retailers, among them JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, Aeropostale, Lucky Brand, Barneys New York, and Juicy Couture. ...</p>\n\n<a href=\"https://www.investopedia.com/authentic-brands-ipo-auth-expected-to-raise-usd100-million-5191826?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.investopedia.com/authentic-brands-ipo-auth-expected-to-raise-usd100-million-5191826?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2150267773","content_text":"Authentic Brands Group owns a variety of well-known retailers, among them JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, Aeropostale, Lucky Brand, Barneys New York, and Juicy Couture. As a result, Authentic Brands has become one of the biggest operators of brick-and-mortar stores during a period of increasing online sales. The company also holds licenses to more than 30 brands, such as Sports Illustrated and Marilyn Monroe. The upshot is that Authentic Brands derives most of its sales revenue from licensing fees.\nKey Takeaways\n\nAuthentic Brands owns several retailers, including JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, and Aeropostale.\nAuthentic Brands also owns the license to more than 30 brands.\nAuthentic Brands will go public in an IPO that may value the company at $10 billion.\nAuthentic Brands reported total revenue of $489 million and net income of $225 million in 2020.\n\nAuthentic Brands, which is headquartered in New York, was founded in 2010 by Toronto-based Jamie Salter, who serves as its chairman and CEO. Salter's four sons also are employed by Authentic Brands, including Corey Salter who serves as its chief operating officer (COO).\nJamie Salter previously was CEO of Hilco Consumer Capital (HCC), which took brands such as instant photography pioneer Polaroid and specialty retailer Sharper Image out of bankruptcy. Hilco describes itself as: \"a leading private equity firm that makes strategic investments in consumer product retailers, wholesalers, manufacturers and intellectual property. Our core focus is on North American companies with strong consumer brands.\"\nThe preliminary prospectus filed by Authentic Brands for its IPO does not specify an anticipated offering price or date for the shares, nor does it place a valuation on the company. However, it is known that the offering will include two share classes, with class A shares being sold to the general public and class B shares, which will have greater voting rights, being issued to Jamie Salter and his key associates.\nWhile the preliminary prospectus indicates that the IPO is expected to raise $100 million, this is widely viewed as merely a placeholder amount that is expected to change significantly. Bloomberg estimates that Authentic Brands actually could be worth about $10 billion when its IPO finally comes to market, roughly double an estimated valuation of $4 billion to $5 billion in 2019.\nAuthentic Brands Company Financials\nThe table below presents key financial data for Authentic Brands, for the most recent reported year, with comparisons to the prior year.\n\n\n\n\n\n\nAuthentic Brands Key Financials: Most Recent Years\n\n\n\n\nMetric\nFull Year 2020\nFull Year 2019\n\n\nTotal Revenue\n$488.9 million\n$480.4 million\n\n\nNet Income\n$225.3 million\n$96.5 million\n\n\nLicensing Revenue\n$471.3 million\n$469.3 million\n\n\n\nSource: Authentic Brands S-1 Filing\nThe results for full year 2019 included a realized loss on investments of $93.9 million, whereas the company reported a gain of $0.7 million in 2020. The table below presents the same key financial data as shown above, but for the most recent reported quarter, with comparisons to the same quarter in the previous year.\n\n\n\n\n\n\nAuthentic Brands Key Financials: Most Recent Quarter\n\n\n\n\nMetric\nQ1 2021\nQ1 2020\n\n\nTotal Revenue\n$160.1 million\n$120.5 million\n\n\nNet Income\n$294.9 million\n$60.8 million\n\n\nLicensing Revenue\n$153.3 million\n$117.4 million\n\n\n\nSource: Authentic Brands S-1 Filing\nNet income for Q1 2021 included $201.0 million of equity in net income of investments accounted for under the equity method. In Q1 2020, this figure was a loss of $35.9 million.\nAmong the key achievements cited by management for the period from 2016 through 2020 were an increase in revenue from $165 million to $489 million, representing a CAGR of 31%. Meanwhile, net income attributable to Authentic Brands Group grew from $45 million to $211 million, for a CAGR of 47%.\nAdditional Company Details\nAuthentic Brands has partnered with mall owner Simon Property Group (SPG) in the acquisitions of several retailers, including JCPenney, Forever 21, and Aeropostale. The largest shareholders in Authentic Brands include chairman and CEO Jamie Salter, Simon Property Group, BlackRock (BLK), Leonard Green & Partners, Lion Capital, and General Atlantic.\nThe Bottom Line\nThe details of the Authentic Brands Group IPO are still a work in process. The lead underwriters are Bank of America (BAC), JPMorgan Chase (JPM), and Goldman Sachs Group (GS).\nWith the accelerating rise of e-commerce continuing to damage the prospects of traditional brick-and-mortar stores, the upcoming Authentic Brands Group IPO represents something of a contrarian play, partially a bet that physical retailers still offer value, especially if they can be acquired at attractive beaten-down prices. Moreover, the importance of licensing fees to Authentic Brands (representing roughly 96% or more of total revenues) means that the company's value rests largely within the brands themselves, and not in specific distribution channels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898549392,"gmtCreate":1628513859816,"gmtModify":1631891655070,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898549392","repostId":"2158844506","repostType":4,"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147582288,"gmtCreate":1626364233844,"gmtModify":1631891655083,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Like!","listText":"Like!","text":"Like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/147582288","repostId":"2151154518","repostType":4,"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146620428,"gmtCreate":1626077461264,"gmtModify":1631893945016,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146620428","repostId":"2150230102","repostType":4,"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804046624,"gmtCreate":1627913705968,"gmtModify":1631891655069,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Great news for some!","listText":"Great news for some!","text":"Great news for some!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804046624","repostId":"1172320411","repostType":4,"isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158296798,"gmtCreate":1625150071114,"gmtModify":1631893945025,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"😇","listText":"😇","text":"😇","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158296798","repostId":"1186720190","repostType":4,"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175158088,"gmtCreate":1627015878344,"gmtModify":1631891655073,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175158088","repostId":"1113949436","repostType":4,"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156231716,"gmtCreate":1625223849435,"gmtModify":1631893945024,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156231716","repostId":"1190296598","repostType":4,"repost":{"id":"1190296598","kind":"news","pubTimestamp":1625213296,"share":"https://www.laohu8.com/m/news/1190296598?lang=&edition=full","pubTime":"2021-07-02 16:08","market":"us","language":"en","title":"J&J Covid-19 Vaccine Shows Promising Preliminary Signs of Protecting Against Delta Variant","url":"https://stock-news.laohu8.com/highlight/detail?id=1190296598","media":"The Wall Street Journal","summary":"Vaccine triggered strong immune response in blood samples from eight vaccinated people.\n\nJohnson & J","content":"<blockquote>\n Vaccine triggered strong immune response in blood samples from eight vaccinated people.\n</blockquote>\n<p>Johnson &amp; Johnson’sJNJ0.74%Covid-19 vaccine showed promising signs in a small laboratory study of protecting against the Delta variant spreading across the U.S. and other countries, the company said.</p>\n<p>In laboratory testing, the vaccine triggered a strong immune response in blood samples taken from eight vaccinated people, J&amp;J said Thursday.</p>\n<p>The positive performance adds to a growing set of evidence indicating currently authorized Covid-19 vaccines can safeguard against the Delta variant, which appears to be more contagious than earlier strains.</p>\n<p>How well the J&amp;J shot fares against the Delta variant has been closely watched by health authorities around the world.</p>\n<p>Many countries have been counting on supplies, especially because the vaccine is simpler to ship, handle and store than the shots fromPfizerInc.PFE1.02%and its partnerBioNTech SEBNTX0.05%and fromModernaInc.MRNA0.06%</p>\n<p>The new findings “reinforce the ability of the Johnson &amp; Johnson Covid-19 vaccine to help protect the health of people globally,” said J&amp;J Chief Scientific Officer Paul Stoffels.</p>\n<p>J&amp;J also said its vaccine, in a separate study, generated immune responses against Covid-19 lasting for at least eight months, the most time that researchers were able to study the shot’s durability.</p>\n<p>J&amp;J, of New Brunswick, N.J., released the high-level findings in a news release, not a detailed and peer-reviewed study.</p>\n<p>The Delta variant first emerged in India late last year. Since then, it has spread rapidly, becoming the most common strain of the Covid-19 virus in several countries,including the U.S.</p>\n<p>The variant made up about 40% of positive Covid-19 test samples as of June 27, according to population genomics company Helix OpCo LLC, which collects and analyzes test samples from several U.S. states.</p>\n<p>Vaccination is the best defense against the Delta variant, according to public-health authorities, who have cited the threat posed by the strain in urging people to get immunized.</p>\n<p>So far, studies have indicated various vaccines appear effective against the Delta strain, especially once individuals have been fully vaccinated, though the shots aren’t as protective as they are against the original virus.</p>\n<p>Separate studies in England and Scotland found that vaccines from Pfizer-BioNTech andAstraZenecaPLCoffered substantial protection from the Delta variantagainst severe cases of Covid-19 and hospitalization.</p>\n<p>England’s public health agency said an analysis of 14,000 cases found the Pfizer-BioNTech shot reduced the risk of hospitalization after infection with Delta by 96%.</p>\n<p>J&amp;J’s single-dose shot is based on a different technology than the Pfizer-BioNTech and Moderna vaccines, but operates similar to AstraZeneca’s.</p>\n<p>J&amp;J’s shot uses a modified version of the virus responsible for the common cold, to carry genetic instructions teaching cells how to make the spike protein that juts from the surface of the coronavirus.</p>\n<p>Production of the spike protein, in turn,prompts the immune system to develop molecular defensesagainst the coronavirus.</p>\n<p>In its large, pivotal study, the J&amp;J vaccine was 66% effective in protecting against Covid-19 and 85% effective against severe disease. The shot appeared to be less effective in South Africa, where the variant now called Beta was circulating.</p>\n<p>Overall, however, it was highly effective in places where variants were spreading during the trial.</p>\n<p>J&amp;J said the immune response found in its recent laboratory study was higher for the Delta variant than for Beta.</p>\n<p>The study looked at blood samples from eight people in the J&amp;J vaccine’s Phase 3 trial. The study found the shot triggered strong levels of neutralizing antibodies, agents of the immune system thought to be most effective fighting viruses.</p>\n<p>Data on the durability of the vaccine’s protection came from a separate small study by Dan Barouch, an immunologist at Beth Israel Deaconess Medical Center in Boston who helped develop the J&amp;J vaccine.</p>\n<p>The study found that strong neutralizing-antibody and other immune responses to Covid-19, including to the Delta strain, persisted for the eight months examined, J&amp;J said.</p>\n<p>The U.S. Food and Drug Administrationauthorized J&amp;J’s shotin February.</p>\n<p>In April, federal health authorities temporarily recommended pausing use of J&amp;J’s vaccine while they investigated a blood-clotting condition among people who got the shot.</p>\n<p>Theauthorities lifted the pauseshortly after, however, saying the benefits of the vaccine outweighed the risk and issuing recommendations for treating the rare condition.</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>J&J Covid-19 Vaccine Shows Promising Preliminary Signs of Protecting Against Delta Variant</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nJ&J Covid-19 Vaccine Shows Promising Preliminary Signs of Protecting Against Delta Variant\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 16:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/j-j-covid-19-vaccine-shows-promising-preliminary-signs-of-protecting-against-delta-variant-11625184011?mod=business_lead_pos2><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vaccine triggered strong immune response in blood samples from eight vaccinated people.\n\nJohnson & Johnson’sJNJ0.74%Covid-19 vaccine showed promising signs in a small laboratory study of protecting ...</p>\n\n<a href=\"https://www.wsj.com/articles/j-j-covid-19-vaccine-shows-promising-preliminary-signs-of-protecting-against-delta-variant-11625184011?mod=business_lead_pos2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/j-j-covid-19-vaccine-shows-promising-preliminary-signs-of-protecting-against-delta-variant-11625184011?mod=business_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190296598","content_text":"Vaccine triggered strong immune response in blood samples from eight vaccinated people.\n\nJohnson & Johnson’sJNJ0.74%Covid-19 vaccine showed promising signs in a small laboratory study of protecting against the Delta variant spreading across the U.S. and other countries, the company said.\nIn laboratory testing, the vaccine triggered a strong immune response in blood samples taken from eight vaccinated people, J&J said Thursday.\nThe positive performance adds to a growing set of evidence indicating currently authorized Covid-19 vaccines can safeguard against the Delta variant, which appears to be more contagious than earlier strains.\nHow well the J&J shot fares against the Delta variant has been closely watched by health authorities around the world.\nMany countries have been counting on supplies, especially because the vaccine is simpler to ship, handle and store than the shots fromPfizerInc.PFE1.02%and its partnerBioNTech SEBNTX0.05%and fromModernaInc.MRNA0.06%\nThe new findings “reinforce the ability of the Johnson & Johnson Covid-19 vaccine to help protect the health of people globally,” said J&J Chief Scientific Officer Paul Stoffels.\nJ&J also said its vaccine, in a separate study, generated immune responses against Covid-19 lasting for at least eight months, the most time that researchers were able to study the shot’s durability.\nJ&J, of New Brunswick, N.J., released the high-level findings in a news release, not a detailed and peer-reviewed study.\nThe Delta variant first emerged in India late last year. Since then, it has spread rapidly, becoming the most common strain of the Covid-19 virus in several countries,including the U.S.\nThe variant made up about 40% of positive Covid-19 test samples as of June 27, according to population genomics company Helix OpCo LLC, which collects and analyzes test samples from several U.S. states.\nVaccination is the best defense against the Delta variant, according to public-health authorities, who have cited the threat posed by the strain in urging people to get immunized.\nSo far, studies have indicated various vaccines appear effective against the Delta strain, especially once individuals have been fully vaccinated, though the shots aren’t as protective as they are against the original virus.\nSeparate studies in England and Scotland found that vaccines from Pfizer-BioNTech andAstraZenecaPLCoffered substantial protection from the Delta variantagainst severe cases of Covid-19 and hospitalization.\nEngland’s public health agency said an analysis of 14,000 cases found the Pfizer-BioNTech shot reduced the risk of hospitalization after infection with Delta by 96%.\nJ&J’s single-dose shot is based on a different technology than the Pfizer-BioNTech and Moderna vaccines, but operates similar to AstraZeneca’s.\nJ&J’s shot uses a modified version of the virus responsible for the common cold, to carry genetic instructions teaching cells how to make the spike protein that juts from the surface of the coronavirus.\nProduction of the spike protein, in turn,prompts the immune system to develop molecular defensesagainst the coronavirus.\nIn its large, pivotal study, the J&J vaccine was 66% effective in protecting against Covid-19 and 85% effective against severe disease. The shot appeared to be less effective in South Africa, where the variant now called Beta was circulating.\nOverall, however, it was highly effective in places where variants were spreading during the trial.\nJ&J said the immune response found in its recent laboratory study was higher for the Delta variant than for Beta.\nThe study looked at blood samples from eight people in the J&J vaccine’s Phase 3 trial. The study found the shot triggered strong levels of neutralizing antibodies, agents of the immune system thought to be most effective fighting viruses.\nData on the durability of the vaccine’s protection came from a separate small study by Dan Barouch, an immunologist at Beth Israel Deaconess Medical Center in Boston who helped develop the J&J vaccine.\nThe study found that strong neutralizing-antibody and other immune responses to Covid-19, including to the Delta strain, persisted for the eight months examined, J&J said.\nThe U.S. Food and Drug Administrationauthorized J&J’s shotin February.\nIn April, federal health authorities temporarily recommended pausing use of J&J’s vaccine while they investigated a blood-clotting condition among people who got the shot.\nTheauthorities lifted the pauseshortly after, however, saying the benefits of the vaccine outweighed the risk and issuing recommendations for treating the rare condition.","news_type":1},"isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158205478,"gmtCreate":1625149852294,"gmtModify":1631893945028,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088082880945180","authorIdStr":"4088082880945180"},"themes":[],"htmlText":"Right!","listText":"Right!","text":"Right!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158205478","repostId":"2148825736","repostType":4,"isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}