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MarkOng

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2021-12-20

Hopefully market up a lot so share can be up

Singapore Stock Market May Give Up Support At 3,100 Points<blockquote>新加坡股市可能放弃3100点的支撑</blockquote>

2021-12-17

Hst share now can buy in?

2021-12-16

Good

Blackberry News: The BMW Deal Bouncing BB Stocky<blockquote>黑莓新闻：宝马交易反弹 BB Stocky</blockquote>

2021-12-15

Nice

抱歉，原内容已删除

2021-12-13

Wow

Apple rose 1% in premarket trading,with its market value reaching nearly 3 trillion dollars<blockquote>苹果在盘前交易中上涨1%，其市值达到近3万亿美元</blockquote>

2021-12-03

Like

Toplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的顶线</blockquote>

2021-12-01

How can complete post trending ?

2021-11-25

Nice

ASML: It's A Leading Semiconductor Player, But Don't Buy Now<blockquote>ASML：它是领先的半导体公司，但现在不要购买</blockquote>

2021-11-25

$Lion-OCBC Sec HSTECH S$(HST.SI)$up

2021-11-22

Don’t know coin can up again ?

抱歉，原内容已删除

2021-11-18

👍

S&P 500 rises slightly led by tech shares as Nvidia soars<blockquote>英伟达股价飙升，科技股带动标普500小幅上涨</blockquote>

2021-11-12

Keep for dividends 😂

@Nhungpham:$Starbucks(SBUX)$Up to 117 near back to price buy in then get kick again drop like this ? 🥺

2021-11-11

$Lion-OCBC Sec HSTECH S$(HST.SI)$today up to 1.122

2021-11-10

Hst going up soon

2021-11-09

$Lion-OCBC Sec HSTECH S$(HST.SI)$Rubbish share

2021-11-08

$Apple(AAPL)$Good

2021-08-17

$Apple(AAPL)$🆙 ⬆️ 🆙 ⬆️ 🆙 ⬆️

2021-08-14

$Apple(AAPL)$Going up

2021-08-12

$Apple(AAPL)$Don’t know when up then I sell it

2021-08-12

It share drop

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The Straits Times Index now sits just above the 3,110-point plateau and it may take further damage again on Monday.</p><p><blockquote>自连续两天下跌超过20点或0.7%以来，新加坡股市在过去四个交易日中交替出现正面和负面收盘。海峡时报指数目前位于 3,110 点平台上方，周一可能会再次遭受进一步损害。</blockquote></p><p> The global forecast for the Asian&nbsp;markets&nbsp;is soft on omicron coronavirus concerns and sinking oil prices. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference.</p><p><blockquote>由于奥密克戎冠状病毒的担忧和油价下跌，亚洲市场的全球预测疲软。欧洲市场涨跌互现，美国股市下跌，亚洲市场平分秋色。</blockquote></p><p> The STI finished modestly lower on Friday following losses from the industrials and properties, while the financials came in mixed.</p><p><blockquote>受工业和房地产股下跌影响，STI 周五小幅收低，而金融股涨跌互现。</blockquote></p><p> For the day, the index lost 17.17 points or 0.55 percent to finish at the daily low of 3,111.63 after peaking at 3,134.99. Volume was 1.2 billion shares worth 1.5 billion Singapore dollars. There were 280 decliners and 188 gainers.</p><p><blockquote>当天，该指数下跌 17.17 点或 0.55%，在触及 3,134.99 点的峰值后，收于 3,111.63 点的日低点。成交量为12亿股，价值15亿新加坡元。下跌者280人，上涨者188人。</blockquote></p><p> Among the actives, CapitaLand Integrated Commercial Trust and Mapletree Commercial Trust both slumped 0.50 percent, while City Developments tanked 1.45 percent, Comfort DelGro lost 0.72 percent, Dairy Farm International slid 0.36 percent, DBS Group collected 0.34 percent, Genting Singapore fell 0.65 percent, Hongkong Land plummeted 2.07 percent, Keppel Corp and Venture Corporation both sank 0.97 percent, Mapletree Logistics Trust weakened 0.53 percent, Oversea-Chinese Banking Corporation eased 0.09 percent, SATS skidded 1.03 percent, SembCorp Industries plunged 1.49 percent, Singapore Airlines dropped 0.81 percent, Singapore Exchange tumbled 1.39 percent, Singapore Press Holdings added 0.43 percent, Singapore Technologies Engineering retreated 1.06 percent, SingTel stumbled 0.63 percent, Thai Beverage shed 0.75 percent, United Overseas Bank dipped 0.30 percent, Wilmar International declined 1.21 percent and Yangzijiang Shipbuilding and Ascendas REIT were unchanged.</p><p><blockquote>资产中，凯德综合商业信托和丰树商业信托均下跌 0.50%，城市发展下跌 1.45%，康德高下跌 0.72%，奶场国际下跌 0.36%，星展集团上涨 0.34%，云顶新加坡下跌 0.65%，香港置地暴跌 2.07%，吉宝公司和创业公司均下跌 0.97%，丰树物流信托疲软 0.53%，华侨银行下跌 0.09%，SATS 下跌 1.03%，胜科工业下跌 1.49%，新加坡航空公司下跌 0.81%，新加坡交易所下跌 1.39%，新加坡报业控股上涨 0.43%，新加坡科技工程下跌 1.06%，新加坡电信下跌 0.63%，泰国饮料下跌 0.75%</blockquote></p><p> The lead from Wall Street is negative as the major averages opened lower on a volatile Friday. The NASDAQ peeked briefly into the green but the markets all still finished in the red.</p><p><blockquote>华尔街的领先优势是负面的，因为主要股指在动荡的周五开盘走低。纳斯达克短暂地出现了绿色，但市场仍然全部以红色收盘。</blockquote></p><p> The Dow plunged 532.16 points or 1.48 percent to finish at 35,365.44, while the NASDAQ dipped 10.72 points or 0.07 percent to close at 15,169.68 and the S&amp;P 500 sank 48.03 points or 1.03 percent to end at 4,620.64. For the week, the NASDAQ plunged 2.9 percent, the Dow lost 1.7 percent and the S&amp;P was down 1.9 percent.</p><p><blockquote>道琼斯指数暴跌532.16点，跌幅1.48%，收于35365.44点；纳斯达克指数下跌10.72点，跌幅0.07%，收于15169.68点；标普500指数下跌48.03点，跌幅1.03%，收于4620.64点。本周，纳斯达克指数暴跌2.9%，道琼斯指数下跌1.7%，标准普尔指数下跌1.9%。</blockquote></p><p> The volatility on Wall Street came on a quadruple witching day, with stock options, index options, stock futures and index futures all expiring.</p><p><blockquote>华尔街的波动发生在四重魔法日，股票期权、指数期权、股票期货和指数期货都到期了。</blockquote></p><p> Concerns about the impact of the Omicron variant of the&nbsp;coronavirus&nbsp;also weighed on the markets along with worries about ongoing supply chain issues.</p><p><blockquote>对冠状病毒奥密克戎变种影响的担忧以及对持续供应链问题的担忧也给市场带来压力。</blockquote></p><p> Crude oil prices tumbled Friday on concerns for energy demand due to a rapid surge in Omicron variant of the coronavirus and reimposition of restrictions. West Texas Intermediate Crude oil futures for January sank $1.52 or 2.1 percent at $70.86 a barrel. WTI crude futures shed 1.1 percent in the week.</p><p><blockquote>由于冠状病毒奥密克戎变种迅速激增和重新实施限制，人们担心能源需求，原油价格周五暴跌。1月份西德克萨斯中质原油期货下跌1.52美元，跌幅2.1%，至每桶70.86美元。WTI原油期货本周下跌1.1%。</blockquote></p><p></p>","source":"lsy1626938412129","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>Singapore Stock Market May Give Up Support At 3,100 Points<blockquote>新加坡股市可能放弃3100点的支撑</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stock Market May Give Up Support At 3,100 Points<blockquote>新加坡股市可能放弃3100点的支撑</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">RTTNews</strong><span class=\"h-time small\">2021-12-20 08:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had fallen more than 20 points or 0.7 percent. The Straits Times Index now sits just above the 3,110-point plateau and it may take further damage again on Monday.</p><p><blockquote>自连续两天下跌超过20点或0.7%以来，新加坡股市在过去四个交易日中交替出现正面和负面收盘。海峡时报指数目前位于 3,110 点平台上方，周一可能会再次遭受进一步损害。</blockquote></p><p> The global forecast for the Asian&nbsp;markets&nbsp;is soft on omicron coronavirus concerns and sinking oil prices. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference.</p><p><blockquote>由于奥密克戎冠状病毒的担忧和油价下跌，亚洲市场的全球预测疲软。欧洲市场涨跌互现，美国股市下跌，亚洲市场平分秋色。</blockquote></p><p> The STI finished modestly lower on Friday following losses from the industrials and properties, while the financials came in mixed.</p><p><blockquote>受工业和房地产股下跌影响，STI 周五小幅收低，而金融股涨跌互现。</blockquote></p><p> For the day, the index lost 17.17 points or 0.55 percent to finish at the daily low of 3,111.63 after peaking at 3,134.99. Volume was 1.2 billion shares worth 1.5 billion Singapore dollars. There were 280 decliners and 188 gainers.</p><p><blockquote>当天，该指数下跌 17.17 点或 0.55%，在触及 3,134.99 点的峰值后，收于 3,111.63 点的日低点。成交量为12亿股，价值15亿新加坡元。下跌者280人，上涨者188人。</blockquote></p><p> Among the actives, CapitaLand Integrated Commercial Trust and Mapletree Commercial Trust both slumped 0.50 percent, while City Developments tanked 1.45 percent, Comfort DelGro lost 0.72 percent, Dairy Farm International slid 0.36 percent, DBS Group collected 0.34 percent, Genting Singapore fell 0.65 percent, Hongkong Land plummeted 2.07 percent, Keppel Corp and Venture Corporation both sank 0.97 percent, Mapletree Logistics Trust weakened 0.53 percent, Oversea-Chinese Banking Corporation eased 0.09 percent, SATS skidded 1.03 percent, SembCorp Industries plunged 1.49 percent, Singapore Airlines dropped 0.81 percent, Singapore Exchange tumbled 1.39 percent, Singapore Press Holdings added 0.43 percent, Singapore Technologies Engineering retreated 1.06 percent, SingTel stumbled 0.63 percent, Thai Beverage shed 0.75 percent, United Overseas Bank dipped 0.30 percent, Wilmar International declined 1.21 percent and Yangzijiang Shipbuilding and Ascendas REIT were unchanged.</p><p><blockquote>资产中，凯德综合商业信托和丰树商业信托均下跌 0.50%，城市发展下跌 1.45%，康德高下跌 0.72%，奶场国际下跌 0.36%，星展集团上涨 0.34%，云顶新加坡下跌 0.65%，香港置地暴跌 2.07%，吉宝公司和创业公司均下跌 0.97%，丰树物流信托疲软 0.53%，华侨银行下跌 0.09%，SATS 下跌 1.03%，胜科工业下跌 1.49%，新加坡航空公司下跌 0.81%，新加坡交易所下跌 1.39%，新加坡报业控股上涨 0.43%，新加坡科技工程下跌 1.06%，新加坡电信下跌 0.63%，泰国饮料下跌 0.75%</blockquote></p><p> The lead from Wall Street is negative as the major averages opened lower on a volatile Friday. The NASDAQ peeked briefly into the green but the markets all still finished in the red.</p><p><blockquote>华尔街的领先优势是负面的，因为主要股指在动荡的周五开盘走低。纳斯达克短暂地出现了绿色，但市场仍然全部以红色收盘。</blockquote></p><p> The Dow plunged 532.16 points or 1.48 percent to finish at 35,365.44, while the NASDAQ dipped 10.72 points or 0.07 percent to close at 15,169.68 and the S&amp;P 500 sank 48.03 points or 1.03 percent to end at 4,620.64. For the week, the NASDAQ plunged 2.9 percent, the Dow lost 1.7 percent and the S&amp;P was down 1.9 percent.</p><p><blockquote>道琼斯指数暴跌532.16点，跌幅1.48%，收于35365.44点；纳斯达克指数下跌10.72点，跌幅0.07%，收于15169.68点；标普500指数下跌48.03点，跌幅1.03%，收于4620.64点。本周，纳斯达克指数暴跌2.9%，道琼斯指数下跌1.7%，标准普尔指数下跌1.9%。</blockquote></p><p> The volatility on Wall Street came on a quadruple witching day, with stock options, index options, stock futures and index futures all expiring.</p><p><blockquote>华尔街的波动发生在四重魔法日，股票期权、指数期权、股票期货和指数期货都到期了。</blockquote></p><p> Concerns about the impact of the Omicron variant of the&nbsp;coronavirus&nbsp;also weighed on the markets along with worries about ongoing supply chain issues.</p><p><blockquote>对冠状病毒奥密克戎变种影响的担忧以及对持续供应链问题的担忧也给市场带来压力。</blockquote></p><p> Crude oil prices tumbled Friday on concerns for energy demand due to a rapid surge in Omicron variant of the coronavirus and reimposition of restrictions. West Texas Intermediate Crude oil futures for January sank $1.52 or 2.1 percent at $70.86 a barrel. WTI crude futures shed 1.1 percent in the week.</p><p><blockquote>由于冠状病毒奥密克戎变种迅速激增和重新实施限制，人们担心能源需求，原油价格周五暴跌。1月份西德克萨斯中质原油期货下跌1.52美元，跌幅2.1%，至每桶70.86美元。WTI原油期货本周下跌1.1%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.rttnews.com/3250329/singapore-stock-market-may-give-up-support-at-3100-points.aspx\">RTTNews</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3250329/singapore-stock-market-may-give-up-support-at-3100-points.aspx","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154958924","content_text":"The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had fallen more than 20 points or 0.7 percent. The Straits Times Index now sits just above the 3,110-point plateau and it may take further damage again on Monday.\nThe global forecast for the Asian markets is soft on omicron coronavirus concerns and sinking oil prices. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference.\nThe STI finished modestly lower on Friday following losses from the industrials and properties, while the financials came in mixed.\nFor the day, the index lost 17.17 points or 0.55 percent to finish at the daily low of 3,111.63 after peaking at 3,134.99. Volume was 1.2 billion shares worth 1.5 billion Singapore dollars. There were 280 decliners and 188 gainers.\nAmong the actives, CapitaLand Integrated Commercial Trust and Mapletree Commercial Trust both slumped 0.50 percent, while City Developments tanked 1.45 percent, Comfort DelGro lost 0.72 percent, Dairy Farm International slid 0.36 percent, DBS Group collected 0.34 percent, Genting Singapore fell 0.65 percent, Hongkong Land plummeted 2.07 percent, Keppel Corp and Venture Corporation both sank 0.97 percent, Mapletree Logistics Trust weakened 0.53 percent, Oversea-Chinese Banking Corporation eased 0.09 percent, SATS skidded 1.03 percent, SembCorp Industries plunged 1.49 percent, Singapore Airlines dropped 0.81 percent, Singapore Exchange tumbled 1.39 percent, Singapore Press Holdings added 0.43 percent, Singapore Technologies Engineering retreated 1.06 percent, SingTel stumbled 0.63 percent, Thai Beverage shed 0.75 percent, United Overseas Bank dipped 0.30 percent, Wilmar International declined 1.21 percent and Yangzijiang Shipbuilding and Ascendas REIT were unchanged.\nThe lead from Wall Street is negative as the major averages opened lower on a volatile Friday. The NASDAQ peeked briefly into the green but the markets all still finished in the red.\nThe Dow plunged 532.16 points or 1.48 percent to finish at 35,365.44, while the NASDAQ dipped 10.72 points or 0.07 percent to close at 15,169.68 and the S&P 500 sank 48.03 points or 1.03 percent to end at 4,620.64. For the week, the NASDAQ plunged 2.9 percent, the Dow lost 1.7 percent and the S&P was down 1.9 percent.\nThe volatility on Wall Street came on a quadruple witching day, with stock options, index options, stock futures and index futures all expiring.\nConcerns about the impact of the Omicron variant of the coronavirus also weighed on the markets along with worries about ongoing supply chain issues.\nCrude oil prices tumbled Friday on concerns for energy demand due to a rapid surge in Omicron variant of the coronavirus and reimposition of restrictions. West Texas Intermediate Crude oil futures for January sank $1.52 or 2.1 percent at $70.86 a barrel. WTI crude futures shed 1.1 percent in the week.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":3548,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699949239,"gmtCreate":1639742885252,"gmtModify":1639742968651,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"Hst share now can buy in?","listText":"Hst share now can buy in?","text":"Hst share now can buy in?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699949239","isVote":1,"tweetType":1,"viewCount":3108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690958108,"gmtCreate":1639624639662,"gmtModify":1639624710369,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690958108","repostId":"1199047170","repostType":4,"repost":{"id":"1199047170","kind":"news","pubTimestamp":1639621171,"share":"https://www.laohunote.com/m/news/1199047170?lang=zh_CN&edition=full","pubTime":"2021-12-16 10:19","market":"us","language":"en","title":"Blackberry News: The BMW Deal Bouncing BB Stocky<blockquote>黑莓新闻：宝马交易反弹 BB Stocky</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199047170","media":"InvestorPlace","summary":"Blackberry(NYSE:BB) stock is on the move Wednesday after announcing a multi-year agreement with Baye","content":"<p><div> Blackberry(NYSE:BB) stock is on the move Wednesday after announcing a multi-year agreement with Bayerische Motoren Werke(OTCMKTS:BMWYY). According to a press release, Blackberry has signed a deal with...</p><p><blockquote><div>黑莓 (NYSE:BB) 宣布与 Bayerische Motoren Werke (OTCMKTS:BMWYY) 达成多年协议后，股价周三上涨。根据一份新闻稿，黑莓已经与……</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/blackberry-news-the-bmw-deal-bouncing-bb-stock-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/blackberry-news-the-bmw-deal-bouncing-bb-stock-today/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","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>Blackberry News: The BMW Deal Bouncing BB Stocky<blockquote>黑莓新闻：宝马交易反弹 BB Stocky</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackberry News: The BMW Deal Bouncing BB Stocky<blockquote>黑莓新闻：宝马交易反弹 BB Stocky</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-16 10:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Blackberry(NYSE:BB) stock is on the move Wednesday after announcing a multi-year agreement with Bayerische Motoren Werke(OTCMKTS:BMWYY). According to a press release, Blackberry has signed a deal with...</p><p><blockquote><div>黑莓 (NYSE:BB) 宣布与 Bayerische Motoren Werke (OTCMKTS:BMWYY) 达成多年协议后，股价周三上涨。根据一份新闻稿，黑莓已经与……</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/blackberry-news-the-bmw-deal-bouncing-bb-stock-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/blackberry-news-the-bmw-deal-bouncing-bb-stock-today/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/blackberry-news-the-bmw-deal-bouncing-bb-stock-today/\">InvestorPlace</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BMWYY":"宝马汽车","BB":"黑莓"},"source_url":"https://investorplace.com/2021/12/blackberry-news-the-bmw-deal-bouncing-bb-stock-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199047170","content_text":"Blackberry(NYSE:BB) stock is on the move Wednesday after announcing a multi-year agreement with Bayerische Motoren Werke(OTCMKTS:BMWYY).\nAccording to a press release, Blackberry has signed a deal with BMW that will have the two working together to develop technology for the latter’s next generation of vehicles. That includes the licensing of BB’s QNX tech and sending a support group of engineers to help with vehicle automation plans.\nBlackberry notes that this will have its engineers working on new SAE Level 2/2+ self-driving functions. The goal would be for this to end up in multiple vehicles across different makes and models.\nThe initial news of the BMW deal sent BB stock higher when shares started trading this morning. However, the stock didn’t retain those gains and quickly started to sink back down to its closing price on Tuesday.\nIt’s worth noting that BB is a meme stock, which means it’s often subject to volatility. That’s exacerbated by the fact the shares trade below $10 each. This makes it easier for traders to get into the stock when news like this comes around. That results in it running higher before eventually falling.\nBacking that up is decent trading of BB stock today. The company has seen roughly 9 million shares change hands as of this writing. That’s close to its daily average trading volume of about 9.3 million shares.\nBB stock is up 3.84% as of Wednesday afternoon but is still up 34.69% since the start of the year.","news_type":1,"symbols_score_info":{"BB":0.9,"BMWYY":0.9}},"isVote":1,"tweetType":1,"viewCount":3250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607871437,"gmtCreate":1639528942805,"gmtModify":1639528942885,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607871437","repostId":"2191329909","repostType":4,"isVote":1,"tweetType":1,"viewCount":2753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604624850,"gmtCreate":1639390792660,"gmtModify":1639391151419,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604624850","repostId":"1191584533","repostType":4,"repost":{"id":"1191584533","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639387294,"share":"https://www.laohunote.com/m/news/1191584533?lang=zh_CN&edition=full","pubTime":"2021-12-13 17:21","market":"us","language":"en","title":"Apple rose 1% in premarket trading,with its market value reaching nearly 3 trillion dollars<blockquote>苹果在盘前交易中上涨1%，其市值达到近3万亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191584533","media":"Tiger Newspress","summary":"Apple rose 1% in premarket trading, with its market value reaching nearly 3 trillion dollars.Apple I","content":"<p>Apple rose 1% in premarket trading,&nbsp;with its market value reaching nearly 3 trillion dollars.<img src=\"https://static.tigerbbs.com/e9791d034ae0c6c9d0e8735f3c22dbcb\" tg-width=\"773\" tg-height=\"573\" referrerpolicy=\"no-referrer\"><b>Apple Inc</b>(NASDAQ:AAPL) is gearing up to launch the latest version of its iPhone and iPad operating system, which will contain nudity detection in the Messages app for devices used by children, as per journalist&nbsp;<b>Mark Gurman.</b></p><p><blockquote>苹果在盘前交易中上涨1%，市值达到近3万亿美元。<b>苹果公司</b>据记者报道，（纳斯达克股票代码：AAPL）正准备推出最新版本的 iPhone 和 iPad 操作系统，该系统将在儿童使用的设备的消息应用程序中包含裸体检测功能<b>马克·古尔曼。</b></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple rose 1% in premarket trading,with its market value reaching nearly 3 trillion dollars<blockquote>苹果在盘前交易中上涨1%，其市值达到近3万亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple rose 1% in premarket trading,with its market value reaching nearly 3 trillion dollars<blockquote>苹果在盘前交易中上涨1%，其市值达到近3万亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-13 17:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple rose 1% in premarket trading,&nbsp;with its market value reaching nearly 3 trillion dollars.<img src=\"https://static.tigerbbs.com/e9791d034ae0c6c9d0e8735f3c22dbcb\" tg-width=\"773\" tg-height=\"573\" referrerpolicy=\"no-referrer\"><b>Apple Inc</b>(NASDAQ:AAPL) is gearing up to launch the latest version of its iPhone and iPad operating system, which will contain nudity detection in the Messages app for devices used by children, as per journalist&nbsp;<b>Mark Gurman.</b></p><p><blockquote>苹果在盘前交易中上涨1%，市值达到近3万亿美元。<b>苹果公司</b>据记者报道，（纳斯达克股票代码：AAPL）正准备推出最新版本的 iPhone 和 iPad 操作系统，该系统将在儿童使用的设备的消息应用程序中包含裸体检测功能<b>马克·古尔曼。</b></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191584533","content_text":"Apple rose 1% in premarket trading, with its market value reaching nearly 3 trillion dollars.Apple Inc(NASDAQ:AAPL) is gearing up to launch the latest version of its iPhone and iPad operating system, which will contain nudity detection in the Messages app for devices used by children, as per journalist Mark Gurman.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601254074,"gmtCreate":1638538714289,"gmtModify":1638538714289,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601254074","repostId":"1164605320","repostType":4,"repost":{"id":"1164605320","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638538539,"share":"https://www.laohunote.com/m/news/1164605320?lang=zh_CN&edition=full","pubTime":"2021-12-03 21:35","market":"us","language":"en","title":"Toplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164605320","media":"Tiger Newspress","summary":"U.S. stock index futures gains as headline number for jobs report comes in lighter than expected.At 8:34 a.m. ET, Dow e-minis were up 121 points, or 0.35%, S&P 500 e-minis were up 20.5 points, or 0.45%, and Nasdaq 100 e-minis were up 103.25 points, or 0.65%.The U.S. economy created far fewer jobs than expected in November, before a new Covid threat created a scare that growth could slow into the winter, the Labor Department reported Friday.Nonfarm payrolls increased by just 210,000 for the month","content":"<p>U.S. stock index futures gains as headline number for jobs report comes in lighter than expected.</p><p><blockquote>由于就业报告总体数据低于预期，美国股指期货上涨。</blockquote></p><p> At 8:34 a.m. ET, Dow e-minis were up 121 points, or 0.35%, S&amp;P 500 e-minis were up 20.5 points, or 0.45%, and Nasdaq 100 e-minis were up 103.25 points, or 0.65%.</p><p><blockquote>美国东部时间上午 8:34，道琼斯电子迷你指数上涨 121 点，涨幅 0.35%，标普500电子迷你指数上涨 20.5 点，涨幅 0.45%，纳斯达克 100 电子迷你指数上涨 103.25 点，涨幅 0.65%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/20c2b6513372a62312316352a7b69eeb\" tg-width=\"404\" tg-height=\"183\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The U.S. economy created far fewer jobs than expected in November, before a new Covid threat created a scare that growth could slow into the winter, the Labor Department reported Friday.</p><p><blockquote>美国劳工部周五报告称，11 月份美国经济创造的就业岗位远低于预期，随后新的新冠疫情威胁引发了人们对经济增长可能放缓到冬季的担忧。</blockquote></p><p> Nonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2% from 4.6%, even though the labor force participation rate increased for the month to 61.8%, its highest level since March 2020.</p><p><blockquote>本月非农就业人数仅增加21万人，尽管失业率从4.6%大幅下降至4.2%，尽管本月劳动力参与率升至61.8%，为2020年3月以来的最高水平。</blockquote></p><p> The Dow Jones estimate was for 573,000 new jobs and a jobless level of 4.5%.</p><p><blockquote>道琼斯预计新增就业岗位573,000个，失业率为4.5%。</blockquote></p><p> <b>Stocks making the biggest moves before the bell:</b></p><p><blockquote><b>盘前波动最大的股票：</b></blockquote></p><p> <b>DocuSign(DOCU) </b>- The software stock sank 32% after its&nbsp;fourth-quarter sales guidance came in at a range of $557 million to $563 million. Analysts surveyed by Refinitiv were expecting $573.8 million.</p><p><blockquote><b>文档签名（文档）</b>- 该软件股第四季度销售指引在 5.57 亿美元至 5.63 亿美元之间后下跌 32%。路孚特调查的分析师预计为 5.738 亿美元。</blockquote></p><p> <b>Didi Global(DIDI) </b>- Shares of the Chinese ride-hailing firm&nbsp;dropped 10% in premarket trading&nbsp;after Didi announced that it would delist from the New York Stock Exchange and pursue a listing in Hong Kong.</p><p><blockquote><b>滴滴全球（DIDI）</b>- 滴滴宣布将从纽约证券交易所退市并寻求在香港上市后，这家中国网约车公司的股价在盘前交易中下跌了 10%。</blockquote></p><p> <b>Peloton(PTON)</b> - The exercise equipment stock gained 3.7% before the bell following an&nbsp;initiation at buy from Deutsche Bank. The investment firm said that Peloton’s upside now outweighed its risks after a rough stretch for the stock.</p><p><blockquote><b>排(PTON)</b>- 德意志银行开始买入后，健身器材股盘前上涨 3.7%。该投资公司表示，在经历了一段艰难时期后，Peloton 的上涨空间现在大于风险。</blockquote></p><p> <b>Moderna(MRNA) </b>- The volatile shares of the vaccine maker jumped 5.8% as the&nbsp;Wall Street Journal&nbsp;reported that the Food and Drug Administration is working toward a quick review process for updated Covid shots.</p><p><blockquote><b>现代（MRNA）</b>- 据《华尔街日报》报道，美国食品和药物管理局正在努力对更新的新冠疫苗进行快速审查，导致该疫苗制造商波动较大的股价上涨 5.8%。</blockquote></p><p> <b>Ulta Beauty(ULTA)</b> - The cosmetics retailer’s stock rose more than 5% after a stronger-than-expected third-quarter report. Ulta earned $3.93 per share on $2 billion in revenue during the quarter. Analysts surveyed by Refinitiv had expected $2.46 per share and $1.88 billion in revenue.</p><p><blockquote><b>Ulta Beauty（Ulta）</b>- 这家化妆品零售商的第三季度报告强于预期，其股价上涨超过 5%。Ulta 本季度每股收益 3.93 美元，营收为 20 亿美元。路孚特调查的分析师此前预计每股收益为 2.46 美元，营收为 18.8 亿美元。</blockquote></p><p> <b>Marvell Technology(MRVL)</b> - Shares of the chipmaker jumped 22% in premarket trading after Marvell beat estimates on the top and bottom lines for the third quarter. Marvell reported adjusted earnings of 43 cents per share on $1.21 billion of revenue. Analysts surveyed by Refinitiv were looking for 39 cents per share and $1.15 billion.</p><p><blockquote><b>马维尔科技(MRVL)</b>- 在 Marvell 第三季度营收和利润超出预期后，这家芯片制造商的股价在盘前交易中上涨了 22%。Marvell 公布调整后每股收益为 43 美分，营收为 12.1 亿美元。路孚特调查的分析师预计每股收益为 39 美分，市值为 11.5 亿美元。</blockquote></p><p> <b>Ollie's Bargain Outlet(OLLI) </b>- The discount retail chain's stock dropped 22.8% after Ollie's said supply chain issues led to a disappointing third-quarter report. The company missed estimates for earnings, revenue and comparable sales.</p><p><blockquote><b>奥利特价折扣店（奥利）</b>- Ollie's 表示供应链问题导致第三季度报告令人失望后，这家折扣零售连锁店的股价下跌了 22.8%。该公司未达到盈利、收入和可比销售额的预期。</blockquote></p><p> <b>Big Lots(BIG)</b> - The retail stock dipped 2.5% despite Big Lots reporting a narrower-than-expected loss per share for the third quarter. The company said that freight costs would make its full-year margins decline.</p><p><blockquote><b>大批量（大）</b>- 尽管 Big Lots 报告第三季度每股亏损小于预期，但零售股仍下跌 2.5%。该公司表示，货运成本将导致其全年利润率下降。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-03 21:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock index futures gains as headline number for jobs report comes in lighter than expected.</p><p><blockquote>由于就业报告总体数据低于预期，美国股指期货上涨。</blockquote></p><p> At 8:34 a.m. ET, Dow e-minis were up 121 points, or 0.35%, S&amp;P 500 e-minis were up 20.5 points, or 0.45%, and Nasdaq 100 e-minis were up 103.25 points, or 0.65%.</p><p><blockquote>美国东部时间上午 8:34，道琼斯电子迷你指数上涨 121 点，涨幅 0.35%，标普500电子迷你指数上涨 20.5 点，涨幅 0.45%，纳斯达克 100 电子迷你指数上涨 103.25 点，涨幅 0.65%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/20c2b6513372a62312316352a7b69eeb\" tg-width=\"404\" tg-height=\"183\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The U.S. economy created far fewer jobs than expected in November, before a new Covid threat created a scare that growth could slow into the winter, the Labor Department reported Friday.</p><p><blockquote>美国劳工部周五报告称，11 月份美国经济创造的就业岗位远低于预期，随后新的新冠疫情威胁引发了人们对经济增长可能放缓到冬季的担忧。</blockquote></p><p> Nonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2% from 4.6%, even though the labor force participation rate increased for the month to 61.8%, its highest level since March 2020.</p><p><blockquote>本月非农就业人数仅增加21万人，尽管失业率从4.6%大幅下降至4.2%，尽管本月劳动力参与率升至61.8%，为2020年3月以来的最高水平。</blockquote></p><p> The Dow Jones estimate was for 573,000 new jobs and a jobless level of 4.5%.</p><p><blockquote>道琼斯预计新增就业岗位573,000个，失业率为4.5%。</blockquote></p><p> <b>Stocks making the biggest moves before the bell:</b></p><p><blockquote><b>盘前波动最大的股票：</b></blockquote></p><p> <b>DocuSign(DOCU) </b>- The software stock sank 32% after its&nbsp;fourth-quarter sales guidance came in at a range of $557 million to $563 million. Analysts surveyed by Refinitiv were expecting $573.8 million.</p><p><blockquote><b>文档签名（文档）</b>- 该软件股第四季度销售指引在 5.57 亿美元至 5.63 亿美元之间后下跌 32%。路孚特调查的分析师预计为 5.738 亿美元。</blockquote></p><p> <b>Didi Global(DIDI) </b>- Shares of the Chinese ride-hailing firm&nbsp;dropped 10% in premarket trading&nbsp;after Didi announced that it would delist from the New York Stock Exchange and pursue a listing in Hong Kong.</p><p><blockquote><b>滴滴全球（DIDI）</b>- 滴滴宣布将从纽约证券交易所退市并寻求在香港上市后，这家中国网约车公司的股价在盘前交易中下跌了 10%。</blockquote></p><p> <b>Peloton(PTON)</b> - The exercise equipment stock gained 3.7% before the bell following an&nbsp;initiation at buy from Deutsche Bank. The investment firm said that Peloton’s upside now outweighed its risks after a rough stretch for the stock.</p><p><blockquote><b>排(PTON)</b>- 德意志银行开始买入后，健身器材股盘前上涨 3.7%。该投资公司表示，在经历了一段艰难时期后，Peloton 的上涨空间现在大于风险。</blockquote></p><p> <b>Moderna(MRNA) </b>- The volatile shares of the vaccine maker jumped 5.8% as the&nbsp;Wall Street Journal&nbsp;reported that the Food and Drug Administration is working toward a quick review process for updated Covid shots.</p><p><blockquote><b>现代（MRNA）</b>- 据《华尔街日报》报道，美国食品和药物管理局正在努力对更新的新冠疫苗进行快速审查，导致该疫苗制造商波动较大的股价上涨 5.8%。</blockquote></p><p> <b>Ulta Beauty(ULTA)</b> - The cosmetics retailer’s stock rose more than 5% after a stronger-than-expected third-quarter report. Ulta earned $3.93 per share on $2 billion in revenue during the quarter. Analysts surveyed by Refinitiv had expected $2.46 per share and $1.88 billion in revenue.</p><p><blockquote><b>Ulta Beauty（Ulta）</b>- 这家化妆品零售商的第三季度报告强于预期，其股价上涨超过 5%。Ulta 本季度每股收益 3.93 美元，营收为 20 亿美元。路孚特调查的分析师此前预计每股收益为 2.46 美元，营收为 18.8 亿美元。</blockquote></p><p> <b>Marvell Technology(MRVL)</b> - Shares of the chipmaker jumped 22% in premarket trading after Marvell beat estimates on the top and bottom lines for the third quarter. Marvell reported adjusted earnings of 43 cents per share on $1.21 billion of revenue. Analysts surveyed by Refinitiv were looking for 39 cents per share and $1.15 billion.</p><p><blockquote><b>马维尔科技(MRVL)</b>- 在 Marvell 第三季度营收和利润超出预期后，这家芯片制造商的股价在盘前交易中上涨了 22%。Marvell 公布调整后每股收益为 43 美分，营收为 12.1 亿美元。路孚特调查的分析师预计每股收益为 39 美分，市值为 11.5 亿美元。</blockquote></p><p> <b>Ollie's Bargain Outlet(OLLI) </b>- The discount retail chain's stock dropped 22.8% after Ollie's said supply chain issues led to a disappointing third-quarter report. The company missed estimates for earnings, revenue and comparable sales.</p><p><blockquote><b>奥利特价折扣店（奥利）</b>- Ollie's 表示供应链问题导致第三季度报告令人失望后，这家折扣零售连锁店的股价下跌了 22.8%。该公司未达到盈利、收入和可比销售额的预期。</blockquote></p><p> <b>Big Lots(BIG)</b> - The retail stock dipped 2.5% despite Big Lots reporting a narrower-than-expected loss per share for the third quarter. The company said that freight costs would make its full-year margins decline.</p><p><blockquote><b>大批量（大）</b>- 尽管 Big Lots 报告第三季度每股亏损小于预期，但零售股仍下跌 2.5%。该公司表示，货运成本将导致其全年利润率下降。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","MRVL":"迈威尔科技","DOCU":"Docusign",".SPX":"S&P 500 Index","DIDI":"滴滴(已退市)","OLLI":"Ollie's Bargain Outlet Holdings, Inc.",".DJI":"道琼斯","PTON":"Peloton Interactive, Inc.","ULTA":"Ulta美容",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164605320","content_text":"U.S. stock index futures gains as headline number for jobs report comes in lighter than expected.\nAt 8:34 a.m. ET, Dow e-minis were up 121 points, or 0.35%, S&P 500 e-minis were up 20.5 points, or 0.45%, and Nasdaq 100 e-minis were up 103.25 points, or 0.65%.\n\nThe U.S. economy created far fewer jobs than expected in November, before a new Covid threat created a scare that growth could slow into the winter, the Labor Department reported Friday.\nNonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2% from 4.6%, even though the labor force participation rate increased for the month to 61.8%, its highest level since March 2020.\nThe Dow Jones estimate was for 573,000 new jobs and a jobless level of 4.5%.\nStocks making the biggest moves before the bell:\nDocuSign(DOCU) - The software stock sank 32% after its fourth-quarter sales guidance came in at a range of $557 million to $563 million. Analysts surveyed by Refinitiv were expecting $573.8 million.\nDidi Global(DIDI) - Shares of the Chinese ride-hailing firm dropped 10% in premarket trading after Didi announced that it would delist from the New York Stock Exchange and pursue a listing in Hong Kong.\nPeloton(PTON) - The exercise equipment stock gained 3.7% before the bell following an initiation at buy from Deutsche Bank. The investment firm said that Peloton’s upside now outweighed its risks after a rough stretch for the stock.\nModerna(MRNA) - The volatile shares of the vaccine maker jumped 5.8% as the Wall Street Journal reported that the Food and Drug Administration is working toward a quick review process for updated Covid shots.\nUlta Beauty(ULTA) - The cosmetics retailer’s stock rose more than 5% after a stronger-than-expected third-quarter report. Ulta earned $3.93 per share on $2 billion in revenue during the quarter. Analysts surveyed by Refinitiv had expected $2.46 per share and $1.88 billion in revenue.\nMarvell Technology(MRVL) - Shares of the chipmaker jumped 22% in premarket trading after Marvell beat estimates on the top and bottom lines for the third quarter. Marvell reported adjusted earnings of 43 cents per share on $1.21 billion of revenue. Analysts surveyed by Refinitiv were looking for 39 cents per share and $1.15 billion.\nOllie's Bargain Outlet(OLLI) - The discount retail chain's stock dropped 22.8% after Ollie's said supply chain issues led to a disappointing third-quarter report. The company missed estimates for earnings, revenue and comparable sales.\nBig Lots(BIG) - The retail stock dipped 2.5% despite Big Lots reporting a narrower-than-expected loss per share for the third quarter. The company said that freight costs would make its full-year margins decline.","news_type":1,"symbols_score_info":{"ESmain":0.9,"BIG":0.9,"MRNA":0.9,".IXIC":0.9,"NQmain":0.9,"OLLI":0.9,"MRVL":0.9,"YMmain":0.9,"DOCU":0.9,".SPX":0.9,".DJI":0.9,"DIDI":0.9,"ULTA":0.9,"PTON":0.9}},"isVote":1,"tweetType":1,"viewCount":5105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603388163,"gmtCreate":1638366440812,"gmtModify":1638532577113,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"How can complete post trending ?","listText":"How can complete post trending ?","text":"How can complete post trending ?","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/603388163","isVote":1,"tweetType":1,"viewCount":4667,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3566385558470298","authorId":"3566385558470298","name":"Venus_M","avatar":"https://static.tigerbbs.com/525433622d774840840ddaacaf2281d2","crmLevel":11,"crmLevelSwitch":0,"idStr":"3566385558470298","authorIdStr":"3566385558470298"},"content":"if you have 10 chats in a post then u will have it complete","text":"if you have 10 chats in a post then u will have it complete","html":"if you have 10 chats in a post then u will have it complete"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874484434,"gmtCreate":1637811828619,"gmtModify":1637811828619,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/874484434","repostId":"1183200074","repostType":4,"repost":{"id":"1183200074","kind":"news","pubTimestamp":1637811543,"share":"https://www.laohunote.com/m/news/1183200074?lang=zh_CN&edition=full","pubTime":"2021-11-25 11:39","market":"us","language":"en","title":"ASML: It's A Leading Semiconductor Player, But Don't Buy Now<blockquote>ASML：它是领先的半导体公司，但现在不要购买</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1183200074","media":"Seeking Alpha","summary":"Summary\n\nASML is supplying the critical extreme ultraviolet lithography machines for the leading-edg","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>ASML is supplying the critical extreme ultraviolet lithography machines for the leading-edge foundries. It has no competitors in this market.</li>  <li>Investors have been willing to pay up for its dominance in this market.</li>  <li>However, its current valuation looks stretched, as growth is expected to slow.</li>  <li>We discuss why we think investors should wait for a deeper retracement first before considering adding exposure.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad6d47b090e53e0f884bb297357356fb\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>ASML 正在为领先的代工厂提供关键的极紫外线光刻机。它在这个市场上没有竞争对手。</li><li>投资者愿意为其在这个市场的主导地位买单。</li><li>然而，由于增长预计将放缓，其目前的估值看起来捉襟见肘。</li><li>我们讨论为什么我们认为投资者应该先等待更深的回撤，然后再考虑增加风险敞口。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock 社论来自 Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> ASML Holding N.V. (ASML) is one of the leading players in the wafer fabrication equipment (WFE) market. As the only player capable of manufacturing extreme ultraviolet (EUV) lithography machines, ASML has no competitors in this category. Taiwan Semiconductor (TSM), Samsung (OTC:SSNLF), and Intel (INTC) have to depend on ASML to supply these highly coveted and costly machines. In addition, the secular demand drivers underpinning the 5G ramp, IoT, autonomous vehicles, and high-performance computing will continue to benefit ASML EUV demand.</p><p><blockquote>ASML Holding N.V. (ASML) 是晶圆制造设备 (WFE) 市场的领先企业之一。作为唯一有能力制造极紫外线 (EUV) 光刻机的参与者，ASML 在这一类别中没有竞争对手。台积电 (TSM)、三星 (OTC: SSNLF) 和英特尔 (INTC) 必须依靠 ASML 来供应这些令人垂涎且昂贵的机器。此外，支撑 5G 斜坡、物联网、自动驾驶汽车和高性能计算的长期需求驱动因素将继续有利于 ASML EUV 需求。</blockquote></p><p> ASML also telegraphed a backlog that amounted to EUR 19.6B in FQ3, including EUR 11.6B in EUV. Consequently, it has given them revenue visibility until early 2023, as the company continues to add capacity.</p><p><blockquote>ASML 还表示，第三季度积压订单达 19.6B 欧元，其中 EUV 积压订单达 11.6B 欧元。因此，随着公司继续增加产能，它为他们提供了直到 2023 年初的收入可见性。</blockquote></p><p> Nevertheless, we believe that a significant amount of growth premium has been baked into the stock's current valuation. It leaves little margin for error and would require ASML to execute immaculately. While we do not question management's ability to execute, we are also concerned about the potential or a correction due to excess capacity from 2023/24 onwards.</p><p><blockquote>尽管如此，我们认为该股目前的估值中已经包含了大量的增长溢价。它几乎没有留下错误的余地，并且需要ASML完美地执行。虽然我们不质疑管理层的执行能力，但我们也担心从 2023/24 年开始产能过剩可能导致或纠正。</blockquote></p><p> <b>ASML Stock YTD Performance</b></p><p><blockquote><b>ASML 股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/169b4c2f1ad5b898301963a7c316e12e\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>ASML stock YTD performance (as of 23 November 21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML 股票年初至今表现（截至 11 月 23 日）。</span></p></blockquote></p><p> It has been a fabulous year for ASML investors. The stock's momentum has been robust all year as it rode the secular drivers underpinning its industry. Moreover, given its dominance in EUV lithography, investors are willing to continue paying up to own its shares. As a result, ASML stock's YTD gain of 65.6% easily outperformed the Invesco QQQ ETF's (QQQ) YTD return of 26.7%. However, its WFE rival Applied Materials (AMAT) stock is slightly ahead with a YTD gain of 72.5%.</p><p><blockquote>对于 ASML 投资者来说，这是精彩的一年。该股全年势头强劲，因为它借助了支撑其行业的长期驱动力。此外，鉴于其在EUV光刻领域的主导地位，投资者愿意继续支付高额费用持有其股份。因此，ASML 股票年初至今 65.6% 的涨幅轻松超过了景顺 QQQ ETF (QQQ) 年初至今 26.7% 的回报率。然而，其 WFE 竞争对手应用材料公司 (AMAT) 的股票略微领先，年初至今涨幅为 72.5%。</blockquote></p><p> <b>A Strong 2021 for ASML. What about its Prognosis Moving Forward?</b></p><p><blockquote><b>ASML 强劲的 2021 年。它未来的预后如何？</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2983887c701a83a264bdfae1302ba7c4\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>SEMI 2021 mid-year total equipment forecast by segment. Source: SEMI</span></p><p><blockquote><p class=\"t-img-caption\"><span>2021年年中按细分市场划分的总设备预测。来源：SEMI</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d62038d494d773331d57f45fb3bf07df\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML quarterly revenue &amp; YoY change. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML 季度收入及同比变化。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> It has been a banner year for the semiconductor industry and the WFE market. SEMI estimated that WFE sales would increase by 33.5% YoY in 2021. ASML guided for its revenue to grow by 35% YoY in FY21. Given the company's solid performance in FQ1-FQ3 so far, we believe that ASML's guidance is highly credible. It's also well in line with the industry's forecasts, so it's highly reasonable as well. Despite the supply chain problems that ASML is facing, it still expects a robust FQ4, guiding for revenue of between EUR 4.9B to EUR 5.2B. CEO Peter Wennink emphasized (edited):</p><p><blockquote>对于半导体行业和WFE市场来说，这是辉煌的一年。SEMI 预计 2021 年 WFE 销售额将同比增长 33.5%。ASML 预计 2021 财年收入将同比增长 35%。鉴于该公司迄今为止在第一季度至第三季度的稳健表现，我们认为 ASML 的指引非常可信。这也非常符合行业的预测，所以也是非常合理的。尽管 ASML 面临供应链问题，但它仍预计第四季度将表现强劲，预计收入在 4.9B 欧元至 5.2B 欧元之间。首席执行官 Peter Wennink 强调（编辑）：</blockquote></p><p>   <i>We're seeing continued strong demand from our customers across all market segments</i>from both advanced and mature nodes, driving demand across our entire product portfolio. These end market trends are driving strong demand across all market segments and across our entire technology portfolio.  <i>Therefore, we continue to increase our capacity</i>for all of our products to meet customer capacity and technology requirements. (from ASML's FQ3'21 earnings call)  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e67ec84e5d14097765f5787d32fe192e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML share of revenue by technology. Data source: Company filings</span></p><p><blockquote><i>我们看到所有细分市场的客户需求持续强劲</i>来自高级和成熟节点，推动我们整个产品组合的需求。这些终端市场趋势正在推动所有细分市场和我们整个技术组合的强劲需求。<i>因此，我们继续增加产能</i>我们所有的产品都能满足客户的产能和技术要求。（摘自 ASML 2021 年第三季度盈利看涨期权）<p class=\"t-img-caption\"><span>ASML 按技术划分的收入份额。数据来源：公司文件</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3380359fecb47be9aa6ce3c11d93d88d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML sales count of EUV machines. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML EUV机器的销售数量。数据来源：公司文件</span></p></blockquote></p><p></p><p> EUV has driven sales for ASML tremendously over the last three years. We can easily glean from the growth cadence of the unit sales, and EUV's share of the revenue. In FQ3, EUV's share of revenue remains influential and consistent at 54%. In addition, its foundry customers have telegraphed their plans to increase CapEx intensity moving forward to support robust underlying demand. Therefore, we believe EUV's share of revenue will remain robust.</p><p><blockquote>在过去三年中，EUV 极大地推动了 ASML 的销售额。我们可以轻松地从单位销售的增长速度和 EUV 的收入份额中收集信息。在第三季度，EUV 的收入份额仍然具有影响力，并且稳定在 54%。此外，其代工厂客户已表示计划增加资本支出强度，以支持强劲的潜在需求。因此，我们相信 EUV 的收入份额将保持强劲。</blockquote></p><p> Nevertheless, it's also important to note that its DUV systems are critical in driving ASML's revenue. Hence, while the secular demand underpinning EUV's strength is commendable, the concern of overcapacity has been widely discussed along the mature nodes.</p><p><blockquote>然而，值得注意的是，其 DUV 系统对于推动 ASML 的收入至关重要。因此，尽管支撑 EUV 实力的长期需求值得称赞，但对产能过剩的担忧已在成熟节点上得到广泛讨论。</blockquote></p><p> TSMC CEO C.C. Wei also discussed the possibility of an \"inventory correction\" moving forward. He articulated:</p><p><blockquote>台积电首席执行官C.C。魏还讨论了未来“库存调整”的可能性。他说：</blockquote></p><p>   Let me say that while we do not rule out the possibility of an inventory correction, but we expect TSMC's capacity remain very tight in 2021 and throughout 2022. This is because of our technology leadership position. And even there's a correction to occur, we believe it could be less volatile for TSMC than previous downturn due to our underlying structural megatrend of 5G-related and HPC applications. (from TSMC's FQ3'21 earnings call)  Hence, TSM recognizes that the potential for excess capacity could affect the trailing nodes much more than leading nodes. However, TSM's CapEx is heavily focused on the leading-edge, as it accounted for 80% of its CapEx investments. Therefore, a potential downturn is less likely to hit the foundry leader significantly.</p><p><blockquote>我要说的是，虽然我们不排除库存调整的可能性，但我们预计台积电的产能在 2021 年和整个 2022 年仍然非常紧张。这是因为我们的技术领先地位。即使出现调整，我们相信台积电的波动性也可能低于之前的低迷，因为我们 5G 相关和 HPC 应用的潜在结构性大趋势。（摘自台积电 2021 年第三季度盈利看涨期权）因此，台积电认识到产能过剩的可能性对落后节点的影响可能比领先节点大得多。然而，TSM 的资本支出主要集中在前沿，因为它占其资本支出投资的 80%。因此，潜在的低迷不太可能对代工厂领导者造成重大打击。</blockquote></p><p> In addition, the problems could intensify in the automotive market. TSMC emphasized that it discovered that the automotive supply chain is very complex and challenging to grasp well. CEO C.C. Wei emphasized: \"Let me specifically point it out. The automotive supply chain actually is quite long and complex. It's more complicated than we initially thought.\"</p><p><blockquote>此外，汽车市场的问题可能会加剧。台积电强调，发现汽车供应链非常复杂，要很好地把握具有挑战性。首席执行官C.C。魏强调：“我特别指出来，汽车供应链其实相当长，也相当复杂，比我们最初想象的还要复杂。”</blockquote></p><p> Even ASML had cautioned that it has also been unable to fully understand the bottlenecks in the supply chain. While the company has attempted its best to model and survey, it hasn't found a viable answer. In response to an analyst's question on the source of the supply bottlenecks, CEO Peter Wennink accentuated (edited):</p><p><blockquote>就连ASML也警告称，它也无法完全了解供应链中的瓶颈。虽然该公司已经尽了最大努力进行建模和调查，但尚未找到可行的答案。在回答分析师关于供应瓶颈根源的问题时，首席执行官 Peter Wennink 强调（编辑）：</blockquote></p><p>   <i>So -- and the real answer is we don't know</i>. Because somehow we haven't been able to connect all the dots that actually are the underlying drivers for this demand. There's some rumors out there that the brokers and the distributors are stocking up all the inventory to drive up the prices. I know one thing that the demand for mature, for DUV dry has by far exceeded our expectations. Some of it will be panic ordering by the customers of our customers. But it's too big to just be panic ordering.  <i>So there is this underlying trend that we really don't understand fully.</i>(from ASML's FQ3'21 earnings call)  <b>So, is ASML Stock a Buy Now?</b></p><p><blockquote><i>所以——真正的答案是我们不知道</i>.因为不知何故，我们没能把所有的点联系起来，而这些点实际上是这种需求的潜在驱动力。有传言说经纪人和分销商正在囤积所有库存以推高价格。我知道一件事，对成熟的，对DUV干的需求已经远远超出了我们的预期。其中一些将是我们客户的客户恐慌性订购。但是它太大了，不能只是恐慌订购。<i>所以有一个我们真的没有完全理解的潜在趋势。</i>（摘自 ASML 2021 年第三季度盈利看涨期权）<b>那么，ASML 股票现在值得买入吗？</b></blockquote></p><p> Much has been said about ASML's dominance in leading-edge EUV systems and how it will continue to entrench its leadership. But, it may be helpful for investors to remember that its mature nodes systems also drive the company's stock valuation.</p><p><blockquote>关于 ASML 在领先 EUV 系统领域的主导地位以及它将如何继续巩固其领导地位，人们已经说了很多。但是，投资者应该记住，其成熟的节点系统也推动了该公司的股票估值，这可能会有所帮助。</blockquote></p><p> Mordor Intelligence estimates that the&nbsp;EUV market would grow by a CAGR of 15%&nbsp;from 2020 to 2026. Considering ASML's FY21 guidance of 35% YoY growth, ASML expects slower growth ahead even with the capacity ramp. Wennink also suggested that corrections cannot be ruled out, even though he emphasized that it's unlikely to happen soon. He mentioned (edited):</p><p><blockquote>Mordor Intelligence估计，从2020年到2026年，EUV市场的CAGR将增长15%。考虑到 ASML 2021 财年同比增长 35% 的指导，ASML 预计即使产能增加，未来增长也会放缓。温宁克还表示，不能排除修正的可能性，尽管他强调这不太可能很快发生。他提到（编辑）：</blockquote></p><p>   Yes. I mean, we have corrections.  <i>We have always seen corrections in our industry. I'm not going to say that they're not there</i>. But we have to look at some of the trends that we're also seeing. And we look at the announcement of the build-out of new capacity. Just refer to the US chip sector, EUR 52 billion, of which EUR 40 billion is for basically to support expansion of capacity. That's going to happen over the next couple of years. It will take 2 to 3 years. So when will this inevitable correction come, I don't think it's likely to come anywhere soon. (from ASML's FQ3'21 earnings call)  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc259fe73c80630f1e3482dab4712cca\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML est. revenue mean consensus. Data source: S&amp;P Capital IQ</span></p><p><blockquote>是的。我是说，我们有更正。<i>我们一直看到我们行业的调整。我不会说他们不在那里</i>但我们必须看看我们也看到的一些趋势。我们关注新产能建设的公告。以美国芯片行业为例，520亿欧元，其中400亿欧元主要用于支持产能扩张。这将在未来几年内发生。需要2到3年的时间。所以这种不可避免的调整什么时候会到来，我认为它不太可能很快到来。（摘自 ASML 2021 年第三季度盈利看涨期权）<p class=\"t-img-caption\"><span>ASML是。收入意味着共识。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p></p><p> We applaud management for having the confidence to issue long-term guidance of 11% CAGR from 2020 to 2030. Management also provided revenue visibility till FY25, as it expected revenue of between EUR 24B and EUR 30B. Consensus estimates point to revenue of EUR 28.5B, which is at the higher end of ASML's mid-term guidance. Therefore, consensus estimates imply a revenue CAGR of 11.1% over the next four years, aligning with ASML's long-term guidance. Notably, it's also in line with Mordor Intelligence's estimates from FY20. ASML is projected to grow its revenue at a CAGR of 15.3% from FY20 to FY26. Hence, we are confident that the company's revenue guidance and the consensus estimates are well-aligned and credible.</p><p><blockquote>我们赞扬管理层有信心发布2020年至2030年复合年增长率为11%的长期指引。管理层还提供了 2025 财年之前的收入可见性，因为它预计收入在 24B 欧元到 30B 欧元之间。普遍估计收入为 28.5B 欧元，处于 ASML 中期指引的上限。因此，共识估计意味着未来四年的收入复合年增长率为 11.1%，与 ASML 的长期指引一致。值得注意的是，这也符合魔多情报2020财年的估计。ASML 预计从 2020 财年到 26 财年，其收入将以 15.3% 的复合年增长率增长。因此，我们相信公司的收入指引和共识估计是一致且可信的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44c022f15bd09540111ab4db82dcff88\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML EV/Fwd EBITDA valuation trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML EV/Fwd EBITDA 估值趋势。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67bc2b2d8f96dd007a5c727b7b0762c7\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>ASML stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML 股票 EV/NTM EBITDA 3 年平均值。</span></p></blockquote></p><p> We believe the clear revenue runway ahead for ASML has given investors confidence to continue paying a premium for ASML stock. The stock is currently trading at an EV/NTM EBITDA of 35.3x, 31.2% above its 3Y mean of 26.9x.</p><p><blockquote>我们相信，ASML 未来清晰的收入跑道让投资者有信心继续为 ASML 股票支付溢价。该股目前的 EV/NTM EBITDA 为 35.3 倍，比 3 年平均水平 26.9 倍高出 31.2%。</blockquote></p><p> However, ASML stock has found support whenever its NTM EBITDA multiple reached about 32.3x in 2021. The stock is trading at about 9.3% above this support level. Despite that, we are cautious about paying such a high premium for a stock where we consider at least two to three years of EBITDA growth could have been priced in.</p><p><blockquote>然而，每当 2021 年 NTM EBITDA 倍数达到约 32.3 倍时，ASML 股票都会找到支撑。该股的交易价格较该支撑位高出约 9.3%。尽管如此，我们对为一只股票支付如此高的溢价持谨慎态度，因为我们认为至少两到三年的 EBITDA 增长可能已经被定价。</blockquote></p><p> There is little doubt that ASML stock is a high-quality stock with a clear revenue runway. But, we are careful about paying the current premium asked. Therefore, we encourage investors to wait for a deeper retracement for a safer entry point.</p><p><blockquote>毫无疑问，ASML 股票是一只具有清晰收入跑道的优质股票。但是，我们对支付当前要求的保费很谨慎。因此，我们鼓励投资者等待更深的回撤，以获得更安全的入场点。</blockquote></p><p> Consequently, we<i>rate ASML at Neutral for now</i>. But we may consider adding exposure if we observe a meaningful retracement.</p><p><blockquote>因此，我们<i>目前将 ASML 评级为中性</i>但如果我们观察到有意义的回撤，我们可能会考虑增加风险敞口。</blockquote></p><p> Written by&nbsp;JR Research</p><p><blockquote>作者：JR Research</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASML: It's A Leading Semiconductor Player, But Don't Buy Now<blockquote>ASML：它是领先的半导体公司，但现在不要购买</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASML: It's A Leading Semiconductor Player, But Don't Buy Now<blockquote>ASML：它是领先的半导体公司，但现在不要购买</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-11-25 11:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>ASML is supplying the critical extreme ultraviolet lithography machines for the leading-edge foundries. It has no competitors in this market.</li>  <li>Investors have been willing to pay up for its dominance in this market.</li>  <li>However, its current valuation looks stretched, as growth is expected to slow.</li>  <li>We discuss why we think investors should wait for a deeper retracement first before considering adding exposure.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad6d47b090e53e0f884bb297357356fb\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>ASML 正在为领先的代工厂提供关键的极紫外线光刻机。它在这个市场上没有竞争对手。</li><li>投资者愿意为其在这个市场的主导地位买单。</li><li>然而，由于增长预计将放缓，其目前的估值看起来捉襟见肘。</li><li>我们讨论为什么我们认为投资者应该先等待更深的回撤，然后再考虑增加风险敞口。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock 社论来自 Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> ASML Holding N.V. (ASML) is one of the leading players in the wafer fabrication equipment (WFE) market. As the only player capable of manufacturing extreme ultraviolet (EUV) lithography machines, ASML has no competitors in this category. Taiwan Semiconductor (TSM), Samsung (OTC:SSNLF), and Intel (INTC) have to depend on ASML to supply these highly coveted and costly machines. In addition, the secular demand drivers underpinning the 5G ramp, IoT, autonomous vehicles, and high-performance computing will continue to benefit ASML EUV demand.</p><p><blockquote>ASML Holding N.V. (ASML) 是晶圆制造设备 (WFE) 市场的领先企业之一。作为唯一有能力制造极紫外线 (EUV) 光刻机的参与者，ASML 在这一类别中没有竞争对手。台积电 (TSM)、三星 (OTC: SSNLF) 和英特尔 (INTC) 必须依靠 ASML 来供应这些令人垂涎且昂贵的机器。此外，支撑 5G 斜坡、物联网、自动驾驶汽车和高性能计算的长期需求驱动因素将继续有利于 ASML EUV 需求。</blockquote></p><p> ASML also telegraphed a backlog that amounted to EUR 19.6B in FQ3, including EUR 11.6B in EUV. Consequently, it has given them revenue visibility until early 2023, as the company continues to add capacity.</p><p><blockquote>ASML 还表示，第三季度积压订单达 19.6B 欧元，其中 EUV 积压订单达 11.6B 欧元。因此，随着公司继续增加产能，它为他们提供了直到 2023 年初的收入可见性。</blockquote></p><p> Nevertheless, we believe that a significant amount of growth premium has been baked into the stock's current valuation. It leaves little margin for error and would require ASML to execute immaculately. While we do not question management's ability to execute, we are also concerned about the potential or a correction due to excess capacity from 2023/24 onwards.</p><p><blockquote>尽管如此，我们认为该股目前的估值中已经包含了大量的增长溢价。它几乎没有留下错误的余地，并且需要ASML完美地执行。虽然我们不质疑管理层的执行能力，但我们也担心从 2023/24 年开始产能过剩可能导致或纠正。</blockquote></p><p> <b>ASML Stock YTD Performance</b></p><p><blockquote><b>ASML 股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/169b4c2f1ad5b898301963a7c316e12e\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>ASML stock YTD performance (as of 23 November 21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML 股票年初至今表现（截至 11 月 23 日）。</span></p></blockquote></p><p> It has been a fabulous year for ASML investors. The stock's momentum has been robust all year as it rode the secular drivers underpinning its industry. Moreover, given its dominance in EUV lithography, investors are willing to continue paying up to own its shares. As a result, ASML stock's YTD gain of 65.6% easily outperformed the Invesco QQQ ETF's (QQQ) YTD return of 26.7%. However, its WFE rival Applied Materials (AMAT) stock is slightly ahead with a YTD gain of 72.5%.</p><p><blockquote>对于 ASML 投资者来说，这是精彩的一年。该股全年势头强劲，因为它借助了支撑其行业的长期驱动力。此外，鉴于其在EUV光刻领域的主导地位，投资者愿意继续支付高额费用持有其股份。因此，ASML 股票年初至今 65.6% 的涨幅轻松超过了景顺 QQQ ETF (QQQ) 年初至今 26.7% 的回报率。然而，其 WFE 竞争对手应用材料公司 (AMAT) 的股票略微领先，年初至今涨幅为 72.5%。</blockquote></p><p> <b>A Strong 2021 for ASML. What about its Prognosis Moving Forward?</b></p><p><blockquote><b>ASML 强劲的 2021 年。它未来的预后如何？</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2983887c701a83a264bdfae1302ba7c4\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>SEMI 2021 mid-year total equipment forecast by segment. Source: SEMI</span></p><p><blockquote><p class=\"t-img-caption\"><span>2021年年中按细分市场划分的总设备预测。来源：SEMI</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d62038d494d773331d57f45fb3bf07df\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML quarterly revenue &amp; YoY change. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML 季度收入及同比变化。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> It has been a banner year for the semiconductor industry and the WFE market. SEMI estimated that WFE sales would increase by 33.5% YoY in 2021. ASML guided for its revenue to grow by 35% YoY in FY21. Given the company's solid performance in FQ1-FQ3 so far, we believe that ASML's guidance is highly credible. It's also well in line with the industry's forecasts, so it's highly reasonable as well. Despite the supply chain problems that ASML is facing, it still expects a robust FQ4, guiding for revenue of between EUR 4.9B to EUR 5.2B. CEO Peter Wennink emphasized (edited):</p><p><blockquote>对于半导体行业和WFE市场来说，这是辉煌的一年。SEMI 预计 2021 年 WFE 销售额将同比增长 33.5%。ASML 预计 2021 财年收入将同比增长 35%。鉴于该公司迄今为止在第一季度至第三季度的稳健表现，我们认为 ASML 的指引非常可信。这也非常符合行业的预测，所以也是非常合理的。尽管 ASML 面临供应链问题，但它仍预计第四季度将表现强劲，预计收入在 4.9B 欧元至 5.2B 欧元之间。首席执行官 Peter Wennink 强调（编辑）：</blockquote></p><p>   <i>We're seeing continued strong demand from our customers across all market segments</i>from both advanced and mature nodes, driving demand across our entire product portfolio. These end market trends are driving strong demand across all market segments and across our entire technology portfolio.  <i>Therefore, we continue to increase our capacity</i>for all of our products to meet customer capacity and technology requirements. (from ASML's FQ3'21 earnings call)  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e67ec84e5d14097765f5787d32fe192e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML share of revenue by technology. Data source: Company filings</span></p><p><blockquote><i>我们看到所有细分市场的客户需求持续强劲</i>来自高级和成熟节点，推动我们整个产品组合的需求。这些终端市场趋势正在推动所有细分市场和我们整个技术组合的强劲需求。<i>因此，我们继续增加产能</i>我们所有的产品都能满足客户的产能和技术要求。（摘自 ASML 2021 年第三季度盈利看涨期权）<p class=\"t-img-caption\"><span>ASML 按技术划分的收入份额。数据来源：公司文件</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3380359fecb47be9aa6ce3c11d93d88d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML sales count of EUV machines. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML EUV机器的销售数量。数据来源：公司文件</span></p></blockquote></p><p></p><p> EUV has driven sales for ASML tremendously over the last three years. We can easily glean from the growth cadence of the unit sales, and EUV's share of the revenue. In FQ3, EUV's share of revenue remains influential and consistent at 54%. In addition, its foundry customers have telegraphed their plans to increase CapEx intensity moving forward to support robust underlying demand. Therefore, we believe EUV's share of revenue will remain robust.</p><p><blockquote>在过去三年中，EUV 极大地推动了 ASML 的销售额。我们可以轻松地从单位销售的增长速度和 EUV 的收入份额中收集信息。在第三季度，EUV 的收入份额仍然具有影响力，并且稳定在 54%。此外，其代工厂客户已表示计划增加资本支出强度，以支持强劲的潜在需求。因此，我们相信 EUV 的收入份额将保持强劲。</blockquote></p><p> Nevertheless, it's also important to note that its DUV systems are critical in driving ASML's revenue. Hence, while the secular demand underpinning EUV's strength is commendable, the concern of overcapacity has been widely discussed along the mature nodes.</p><p><blockquote>然而，值得注意的是，其 DUV 系统对于推动 ASML 的收入至关重要。因此，尽管支撑 EUV 实力的长期需求值得称赞，但对产能过剩的担忧已在成熟节点上得到广泛讨论。</blockquote></p><p> TSMC CEO C.C. Wei also discussed the possibility of an \"inventory correction\" moving forward. He articulated:</p><p><blockquote>台积电首席执行官C.C。魏还讨论了未来“库存调整”的可能性。他说：</blockquote></p><p>   Let me say that while we do not rule out the possibility of an inventory correction, but we expect TSMC's capacity remain very tight in 2021 and throughout 2022. This is because of our technology leadership position. And even there's a correction to occur, we believe it could be less volatile for TSMC than previous downturn due to our underlying structural megatrend of 5G-related and HPC applications. (from TSMC's FQ3'21 earnings call)  Hence, TSM recognizes that the potential for excess capacity could affect the trailing nodes much more than leading nodes. However, TSM's CapEx is heavily focused on the leading-edge, as it accounted for 80% of its CapEx investments. Therefore, a potential downturn is less likely to hit the foundry leader significantly.</p><p><blockquote>我要说的是，虽然我们不排除库存调整的可能性，但我们预计台积电的产能在 2021 年和整个 2022 年仍然非常紧张。这是因为我们的技术领先地位。即使出现调整，我们相信台积电的波动性也可能低于之前的低迷，因为我们 5G 相关和 HPC 应用的潜在结构性大趋势。（摘自台积电 2021 年第三季度盈利看涨期权）因此，台积电认识到产能过剩的可能性对落后节点的影响可能比领先节点大得多。然而，TSM 的资本支出主要集中在前沿，因为它占其资本支出投资的 80%。因此，潜在的低迷不太可能对代工厂领导者造成重大打击。</blockquote></p><p> In addition, the problems could intensify in the automotive market. TSMC emphasized that it discovered that the automotive supply chain is very complex and challenging to grasp well. CEO C.C. Wei emphasized: \"Let me specifically point it out. The automotive supply chain actually is quite long and complex. It's more complicated than we initially thought.\"</p><p><blockquote>此外，汽车市场的问题可能会加剧。台积电强调，发现汽车供应链非常复杂，要很好地把握具有挑战性。首席执行官C.C。魏强调：“我特别指出来，汽车供应链其实相当长，也相当复杂，比我们最初想象的还要复杂。”</blockquote></p><p> Even ASML had cautioned that it has also been unable to fully understand the bottlenecks in the supply chain. While the company has attempted its best to model and survey, it hasn't found a viable answer. In response to an analyst's question on the source of the supply bottlenecks, CEO Peter Wennink accentuated (edited):</p><p><blockquote>就连ASML也警告称，它也无法完全了解供应链中的瓶颈。虽然该公司已经尽了最大努力进行建模和调查，但尚未找到可行的答案。在回答分析师关于供应瓶颈根源的问题时，首席执行官 Peter Wennink 强调（编辑）：</blockquote></p><p>   <i>So -- and the real answer is we don't know</i>. Because somehow we haven't been able to connect all the dots that actually are the underlying drivers for this demand. There's some rumors out there that the brokers and the distributors are stocking up all the inventory to drive up the prices. I know one thing that the demand for mature, for DUV dry has by far exceeded our expectations. Some of it will be panic ordering by the customers of our customers. But it's too big to just be panic ordering.  <i>So there is this underlying trend that we really don't understand fully.</i>(from ASML's FQ3'21 earnings call)  <b>So, is ASML Stock a Buy Now?</b></p><p><blockquote><i>所以——真正的答案是我们不知道</i>.因为不知何故，我们没能把所有的点联系起来，而这些点实际上是这种需求的潜在驱动力。有传言说经纪人和分销商正在囤积所有库存以推高价格。我知道一件事，对成熟的，对DUV干的需求已经远远超出了我们的预期。其中一些将是我们客户的客户恐慌性订购。但是它太大了，不能只是恐慌订购。<i>所以有一个我们真的没有完全理解的潜在趋势。</i>（摘自 ASML 2021 年第三季度盈利看涨期权）<b>那么，ASML 股票现在值得买入吗？</b></blockquote></p><p> Much has been said about ASML's dominance in leading-edge EUV systems and how it will continue to entrench its leadership. But, it may be helpful for investors to remember that its mature nodes systems also drive the company's stock valuation.</p><p><blockquote>关于 ASML 在领先 EUV 系统领域的主导地位以及它将如何继续巩固其领导地位，人们已经说了很多。但是，投资者应该记住，其成熟的节点系统也推动了该公司的股票估值，这可能会有所帮助。</blockquote></p><p> Mordor Intelligence estimates that the&nbsp;EUV market would grow by a CAGR of 15%&nbsp;from 2020 to 2026. Considering ASML's FY21 guidance of 35% YoY growth, ASML expects slower growth ahead even with the capacity ramp. Wennink also suggested that corrections cannot be ruled out, even though he emphasized that it's unlikely to happen soon. He mentioned (edited):</p><p><blockquote>Mordor Intelligence估计，从2020年到2026年，EUV市场的CAGR将增长15%。考虑到 ASML 2021 财年同比增长 35% 的指导，ASML 预计即使产能增加，未来增长也会放缓。温宁克还表示，不能排除修正的可能性，尽管他强调这不太可能很快发生。他提到（编辑）：</blockquote></p><p>   Yes. I mean, we have corrections.  <i>We have always seen corrections in our industry. I'm not going to say that they're not there</i>. But we have to look at some of the trends that we're also seeing. And we look at the announcement of the build-out of new capacity. Just refer to the US chip sector, EUR 52 billion, of which EUR 40 billion is for basically to support expansion of capacity. That's going to happen over the next couple of years. It will take 2 to 3 years. So when will this inevitable correction come, I don't think it's likely to come anywhere soon. (from ASML's FQ3'21 earnings call)  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc259fe73c80630f1e3482dab4712cca\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML est. revenue mean consensus. Data source: S&amp;P Capital IQ</span></p><p><blockquote>是的。我是说，我们有更正。<i>我们一直看到我们行业的调整。我不会说他们不在那里</i>但我们必须看看我们也看到的一些趋势。我们关注新产能建设的公告。以美国芯片行业为例，520亿欧元，其中400亿欧元主要用于支持产能扩张。这将在未来几年内发生。需要2到3年的时间。所以这种不可避免的调整什么时候会到来，我认为它不太可能很快到来。（摘自 ASML 2021 年第三季度盈利看涨期权）<p class=\"t-img-caption\"><span>ASML是。收入意味着共识。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p></p><p> We applaud management for having the confidence to issue long-term guidance of 11% CAGR from 2020 to 2030. Management also provided revenue visibility till FY25, as it expected revenue of between EUR 24B and EUR 30B. Consensus estimates point to revenue of EUR 28.5B, which is at the higher end of ASML's mid-term guidance. Therefore, consensus estimates imply a revenue CAGR of 11.1% over the next four years, aligning with ASML's long-term guidance. Notably, it's also in line with Mordor Intelligence's estimates from FY20. ASML is projected to grow its revenue at a CAGR of 15.3% from FY20 to FY26. Hence, we are confident that the company's revenue guidance and the consensus estimates are well-aligned and credible.</p><p><blockquote>我们赞扬管理层有信心发布2020年至2030年复合年增长率为11%的长期指引。管理层还提供了 2025 财年之前的收入可见性，因为它预计收入在 24B 欧元到 30B 欧元之间。普遍估计收入为 28.5B 欧元，处于 ASML 中期指引的上限。因此，共识估计意味着未来四年的收入复合年增长率为 11.1%，与 ASML 的长期指引一致。值得注意的是，这也符合魔多情报2020财年的估计。ASML 预计从 2020 财年到 26 财年，其收入将以 15.3% 的复合年增长率增长。因此，我们相信公司的收入指引和共识估计是一致且可信的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44c022f15bd09540111ab4db82dcff88\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML EV/Fwd EBITDA valuation trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML EV/Fwd EBITDA 估值趋势。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67bc2b2d8f96dd007a5c727b7b0762c7\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>ASML stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML 股票 EV/NTM EBITDA 3 年平均值。</span></p></blockquote></p><p> We believe the clear revenue runway ahead for ASML has given investors confidence to continue paying a premium for ASML stock. The stock is currently trading at an EV/NTM EBITDA of 35.3x, 31.2% above its 3Y mean of 26.9x.</p><p><blockquote>我们相信，ASML 未来清晰的收入跑道让投资者有信心继续为 ASML 股票支付溢价。该股目前的 EV/NTM EBITDA 为 35.3 倍，比 3 年平均水平 26.9 倍高出 31.2%。</blockquote></p><p> However, ASML stock has found support whenever its NTM EBITDA multiple reached about 32.3x in 2021. The stock is trading at about 9.3% above this support level. Despite that, we are cautious about paying such a high premium for a stock where we consider at least two to three years of EBITDA growth could have been priced in.</p><p><blockquote>然而，每当 2021 年 NTM EBITDA 倍数达到约 32.3 倍时，ASML 股票都会找到支撑。该股的交易价格较该支撑位高出约 9.3%。尽管如此，我们对为一只股票支付如此高的溢价持谨慎态度，因为我们认为至少两到三年的 EBITDA 增长可能已经被定价。</blockquote></p><p> There is little doubt that ASML stock is a high-quality stock with a clear revenue runway. But, we are careful about paying the current premium asked. Therefore, we encourage investors to wait for a deeper retracement for a safer entry point.</p><p><blockquote>毫无疑问，ASML 股票是一只具有清晰收入跑道的优质股票。但是，我们对支付当前要求的保费很谨慎。因此，我们鼓励投资者等待更深的回撤，以获得更安全的入场点。</blockquote></p><p> Consequently, we<i>rate ASML at Neutral for now</i>. But we may consider adding exposure if we observe a meaningful retracement.</p><p><blockquote>因此，我们<i>目前将 ASML 评级为中性</i>但如果我们观察到有意义的回撤，我们可能会考虑增加风险敞口。</blockquote></p><p> Written by&nbsp;JR Research</p><p><blockquote>作者：JR Research</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4471867-asml-stock-leading-semiconductor-player-valuation-looks-stretched\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦"},"source_url":"https://seekingalpha.com/article/4471867-asml-stock-leading-semiconductor-player-valuation-looks-stretched","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183200074","content_text":"Summary\n\nASML is supplying the critical extreme ultraviolet lithography machines for the leading-edge foundries. It has no competitors in this market.\nInvestors have been willing to pay up for its dominance in this market.\nHowever, its current valuation looks stretched, as growth is expected to slow.\nWe discuss why we think investors should wait for a deeper retracement first before considering adding exposure.\n\nSundry Photography/iStock Editorial via Getty Images\nInvestment Thesis\nASML Holding N.V. (ASML) is one of the leading players in the wafer fabrication equipment (WFE) market. As the only player capable of manufacturing extreme ultraviolet (EUV) lithography machines, ASML has no competitors in this category. Taiwan Semiconductor (TSM), Samsung (OTC:SSNLF), and Intel (INTC) have to depend on ASML to supply these highly coveted and costly machines. In addition, the secular demand drivers underpinning the 5G ramp, IoT, autonomous vehicles, and high-performance computing will continue to benefit ASML EUV demand.\nASML also telegraphed a backlog that amounted to EUR 19.6B in FQ3, including EUR 11.6B in EUV. Consequently, it has given them revenue visibility until early 2023, as the company continues to add capacity.\nNevertheless, we believe that a significant amount of growth premium has been baked into the stock's current valuation. It leaves little margin for error and would require ASML to execute immaculately. While we do not question management's ability to execute, we are also concerned about the potential or a correction due to excess capacity from 2023/24 onwards.\nASML Stock YTD Performance\nASML stock YTD performance (as of 23 November 21).\nIt has been a fabulous year for ASML investors. The stock's momentum has been robust all year as it rode the secular drivers underpinning its industry. Moreover, given its dominance in EUV lithography, investors are willing to continue paying up to own its shares. As a result, ASML stock's YTD gain of 65.6% easily outperformed the Invesco QQQ ETF's (QQQ) YTD return of 26.7%. However, its WFE rival Applied Materials (AMAT) stock is slightly ahead with a YTD gain of 72.5%.\nA Strong 2021 for ASML. What about its Prognosis Moving Forward?\nSEMI 2021 mid-year total equipment forecast by segment. Source: SEMI\nASML quarterly revenue & YoY change. Data source: S&P Capital IQ\nIt has been a banner year for the semiconductor industry and the WFE market. SEMI estimated that WFE sales would increase by 33.5% YoY in 2021. ASML guided for its revenue to grow by 35% YoY in FY21. Given the company's solid performance in FQ1-FQ3 so far, we believe that ASML's guidance is highly credible. It's also well in line with the industry's forecasts, so it's highly reasonable as well. Despite the supply chain problems that ASML is facing, it still expects a robust FQ4, guiding for revenue of between EUR 4.9B to EUR 5.2B. CEO Peter Wennink emphasized (edited):\n\nWe're seeing continued strong demand from our customers across all market segmentsfrom both advanced and mature nodes, driving demand across our entire product portfolio. These end market trends are driving strong demand across all market segments and across our entire technology portfolio.\n Therefore, we continue to increase our capacityfor all of our products to meet customer capacity and technology requirements. (from ASML's FQ3'21 earnings call)\n\nASML share of revenue by technology. Data source: Company filings\nASML sales count of EUV machines. Data source: Company filings\nEUV has driven sales for ASML tremendously over the last three years. We can easily glean from the growth cadence of the unit sales, and EUV's share of the revenue. In FQ3, EUV's share of revenue remains influential and consistent at 54%. In addition, its foundry customers have telegraphed their plans to increase CapEx intensity moving forward to support robust underlying demand. Therefore, we believe EUV's share of revenue will remain robust.\nNevertheless, it's also important to note that its DUV systems are critical in driving ASML's revenue. Hence, while the secular demand underpinning EUV's strength is commendable, the concern of overcapacity has been widely discussed along the mature nodes.\nTSMC CEO C.C. Wei also discussed the possibility of an \"inventory correction\" moving forward. He articulated:\n\n Let me say that while we do not rule out the possibility of an inventory correction, but we expect TSMC's capacity remain very tight in 2021 and throughout 2022. This is because of our technology leadership position. And even there's a correction to occur, we believe it could be less volatile for TSMC than previous downturn due to our underlying structural megatrend of 5G-related and HPC applications. (from TSMC's FQ3'21 earnings call)\n\nHence, TSM recognizes that the potential for excess capacity could affect the trailing nodes much more than leading nodes. However, TSM's CapEx is heavily focused on the leading-edge, as it accounted for 80% of its CapEx investments. Therefore, a potential downturn is less likely to hit the foundry leader significantly.\nIn addition, the problems could intensify in the automotive market. TSMC emphasized that it discovered that the automotive supply chain is very complex and challenging to grasp well. CEO C.C. Wei emphasized: \"Let me specifically point it out. The automotive supply chain actually is quite long and complex. It's more complicated than we initially thought.\"\nEven ASML had cautioned that it has also been unable to fully understand the bottlenecks in the supply chain. While the company has attempted its best to model and survey, it hasn't found a viable answer. In response to an analyst's question on the source of the supply bottlenecks, CEO Peter Wennink accentuated (edited):\n\nSo -- and the real answer is we don't know. Because somehow we haven't been able to connect all the dots that actually are the underlying drivers for this demand. There's some rumors out there that the brokers and the distributors are stocking up all the inventory to drive up the prices. I know one thing that the demand for mature, for DUV dry has by far exceeded our expectations. Some of it will be panic ordering by the customers of our customers. But it's too big to just be panic ordering.\n So there is this underlying trend that we really don't understand fully.(from ASML's FQ3'21 earnings call)\n\nSo, is ASML Stock a Buy Now?\nMuch has been said about ASML's dominance in leading-edge EUV systems and how it will continue to entrench its leadership. But, it may be helpful for investors to remember that its mature nodes systems also drive the company's stock valuation.\nMordor Intelligence estimates that the EUV market would grow by a CAGR of 15% from 2020 to 2026. Considering ASML's FY21 guidance of 35% YoY growth, ASML expects slower growth ahead even with the capacity ramp. Wennink also suggested that corrections cannot be ruled out, even though he emphasized that it's unlikely to happen soon. He mentioned (edited):\n\n Yes. I mean, we have corrections.\n We have always seen corrections in our industry. I'm not going to say that they're not there. But we have to look at some of the trends that we're also seeing. And we look at the announcement of the build-out of new capacity. Just refer to the US chip sector, EUR 52 billion, of which EUR 40 billion is for basically to support expansion of capacity. That's going to happen over the next couple of years. It will take 2 to 3 years. So when will this inevitable correction come, I don't think it's likely to come anywhere soon. (from ASML's FQ3'21 earnings call)\n\nASML est. revenue mean consensus. Data source: S&P Capital IQ\nWe applaud management for having the confidence to issue long-term guidance of 11% CAGR from 2020 to 2030. Management also provided revenue visibility till FY25, as it expected revenue of between EUR 24B and EUR 30B. Consensus estimates point to revenue of EUR 28.5B, which is at the higher end of ASML's mid-term guidance. Therefore, consensus estimates imply a revenue CAGR of 11.1% over the next four years, aligning with ASML's long-term guidance. Notably, it's also in line with Mordor Intelligence's estimates from FY20. ASML is projected to grow its revenue at a CAGR of 15.3% from FY20 to FY26. Hence, we are confident that the company's revenue guidance and the consensus estimates are well-aligned and credible.\nASML EV/Fwd EBITDA valuation trend. Data source: S&P Capital IQ\nASML stock EV/NTM EBITDA 3Y mean.\nWe believe the clear revenue runway ahead for ASML has given investors confidence to continue paying a premium for ASML stock. The stock is currently trading at an EV/NTM EBITDA of 35.3x, 31.2% above its 3Y mean of 26.9x.\nHowever, ASML stock has found support whenever its NTM EBITDA multiple reached about 32.3x in 2021. The stock is trading at about 9.3% above this support level. Despite that, we are cautious about paying such a high premium for a stock where we consider at least two to three years of EBITDA growth could have been priced in.\nThere is little doubt that ASML stock is a high-quality stock with a clear revenue runway. But, we are careful about paying the current premium asked. Therefore, we encourage investors to wait for a deeper retracement for a safer entry point.\nConsequently, werate ASML at Neutral for now. But we may consider adding exposure if we observe a meaningful retracement.\nWritten by JR Research","news_type":1,"symbols_score_info":{"ASML":0.9}},"isVote":1,"tweetType":1,"viewCount":4206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874417311,"gmtCreate":1637810624332,"gmtModify":1637810624332,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>up","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>up","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$up","images":[{"img":"https://static.tigerbbs.com/6029bf57c3fcbb8be7dcd9177798cfc2","width":"1125","height":"2316"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874417311","isVote":1,"tweetType":1,"viewCount":4146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":875010963,"gmtCreate":1637586645160,"gmtModify":1637586645160,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"Don’t know coin can up again ?","listText":"Don’t know coin can up again ?","text":"Don’t know coin can up again ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875010963","repostId":"1114015506","repostType":4,"isVote":1,"tweetType":1,"viewCount":4012,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876024373,"gmtCreate":1637246156709,"gmtModify":1637246156709,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876024373","repostId":"1140578715","repostType":4,"repost":{"id":"1140578715","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637246010,"share":"https://www.laohunote.com/m/news/1140578715?lang=zh_CN&edition=full","pubTime":"2021-11-18 22:33","market":"us","language":"en","title":"S&P 500 rises slightly led by tech shares as Nvidia soars<blockquote>英伟达股价飙升，科技股带动标普500小幅上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1140578715","media":"Tiger Newspress","summary":"The S&P 500 and the Nasdaq indexes opened higher on Thursday as chipmaker Nvidia rallied on robust t","content":"<p>The S&amp;P 500 and the Nasdaq indexes opened higher on Thursday as chipmaker Nvidia rallied on robust third-quarter results, while a fresh batch of positive retail earnings indicated strength in consumer spending against the backdrop of rising inflation.</p><p><blockquote>标普500和纳斯达克指数周四开盘走高，芯片制造商英伟达因强劲的第三季度业绩而反弹，而新一批积极的零售收益表明在通胀上升的背景下消费者支出强劲。</blockquote></p><p> The Dow Jones Industrial Average(.DJI)fell 29.36 points, or 0.08%, at the open to 35,901.69.</p><p><blockquote>道琼斯工业平均指数(.DJI)开盘下跌29.36点，跌幅0.08%，至35,901.69点。</blockquote></p><p> The S&amp;P 500(.SPX)opened higher by 12.05 points, or 0.26%, at 4,700.72, while the Nasdaq Composite(.IXIC)gained 51.82 points, or 0.33%, to 15,973.40 at the opening bell.</p><p><blockquote>标普500 (.SPX) 开盘上涨 12.05 点，涨幅 0.26%，至 4,700.72 点；纳斯达克综合指数 (.IXIC) 开盘上涨 51.82 点，涨幅 0.33%，至 15,973.40 点。</blockquote></p><p> Nvidia&nbsp;shares popped more than 8% afterbeating on the top and bottom linesof its quarterly results and issued a bullish revenue forecast for the current quarter ending in January. The chipmaker reporter a 55% gain in data center sales from the same period a year ago and its biggest market, gaming, reported a 42% sales increase.</p><p><blockquote>英伟达 (Nvidia) 在季度业绩的顶线和底线上涨后，股价飙升超过 8%，并发布了截至 1 月份的当前季度的乐观收入预测。这家芯片制造商报告称，数据中心销售额比去年同期增长了 55%，其最大的市场游戏销售额增长了 42%。</blockquote></p><p> Those gains helped lift other chip stocks trading. Advanced Micro Devices gained nearly 3%. Skyworks and Micron Technology added more than 1%. Separately, GlobalFoundries jumped more than 8% after revealing itentered a partnership with Fordto help the automaker increase its chip supply.</p><p><blockquote>这些涨幅帮助提振了其他芯片股的交易。Advanced Micro Devices上涨近3%。Skyworks 和美光科技上涨超过 1%。另外，GlobalFoundries 在透露已与福特建立合作伙伴关系以帮助该汽车制造商增加芯片供应后，股价上涨超过 8%。</blockquote></p><p> Retail continued its big earnings week. Shares of Macy’s and Kohl’s kicked the day off jumping 15% and 8%, respectively. Both companies smashed quarterly profit and revenue estimates, much like its peers who reported earlier in the week. Most have reported same-store sales gains from the previous year and investors are optimistic going into the holiday shopping season.</p><p><blockquote>零售业继续其强劲的财报周。梅西百货（Macy's）和科尔百货（Kohl’s）的股价当天分别大涨 15% 和 8%。两家公司都超出了季度利润和收入预期，就像本周早些时候公布的同行一样。大多数商店的同店销售额较上一年有所增长，投资者对假日购物季持乐观态度。</blockquote></p><p> Retail stocks broadly traded higher on Thursday, and the SPDR S&amp;P Retail ETF gained 1.5%.</p><p><blockquote>周四零售股普遍走高，SPDR S&amp;P 零售 ETF 上涨 1.5%。</blockquote></p><p> Elsewhere, Deere saw its shares rise more than 2% after it came to a resolution with workers who had been on strike since Oct. 14.</p><p><blockquote>在其他地方，Deere与自 10 月 14 日以来一直罢工的工人达成解决方案后，其股价上涨了 2% 以上。</blockquote></p><p> Dow component Boeing also saw its shares rise another almost 2% following an upgrade from JPMorgan, which said the aerospace giant has significant upside as it clears up several issues that have dogged the company.</p><p><blockquote>在摩根大通上调评级后，道琼斯指数成分股波音公司的股价也上涨了近 2%，摩根大通表示，这家航空航天巨头在解决困扰该公司的几个问题时具有巨大的上涨空间。</blockquote></p><p> Going in the other direction, Cisco Systems fell 7% due toweaker revenue guidance and a revenue miss. Kraft Heinz shares also dropped more than 3% after the company announced a secondary offering of common stock.</p><p><blockquote>另一方面，由于更弱的收入指引和收入低于预期，思科系统公司股价下跌 7%。在卡夫亨氏宣布二次发行普通股后，该公司股价也下跌超过 3%。</blockquote></p><p> Initial filings for unemployment insurance fell slightly to 268,000 for the week ending Nov. 13, the Labor Department reported Thursday. That was the lowest level since March 2020, and the seventh straight weekly decline. Economists polled by Dow Jones expected them to have fallen to 260,000, compared to the previous week’s adjusted 269,000 claims.</p><p><blockquote>美国劳工部周四报告称，截至 11 月 13 日当周，首次申请失业保险人数略有下降至 268,000 人。这是自2020年3月以来的最低水平，也是连续第七周下降。道琼斯调查的经济学家预计，与前一周调整后的 26.9 万人申请人数相比，将降至 26 万人。</blockquote></p><p> On&nbsp;Wednesday, the Dow Jones Industrial Average lost 211 points, dragged down by a 4.7% loss in Visa shares. The S&amp;P 500 dipped 0.26%. The Nasdaq Composite ticked 0.33% lower, despite most mega-cap technology companies closing in the green.</p><p><blockquote>周三，受 Visa 股价下跌 4.7% 的拖累，道琼斯工业平均指数下跌 211 点。标普500下跌0.26%。尽管大多数大型科技公司收盘上涨，但纳斯达克综合指数仍下跌 0.33%。</blockquote></p><p> The small-cap benchmark Russell 2000 was the relative underperformer on Wednesday, dropping 1.2%.</p><p><blockquote>小盘股基准罗素 2000 指数周三表现相对较差，下跌 1.2%。</blockquote></p><p> “Recent economic reports remain strong, but today’s stock market action highlights that it is already discounting another Covid cycle,” said Jim Paulsen, chief investment strategist for Leuthold Group.</p><p><blockquote>“Leuthold Group 首席投资策略师吉姆-保尔森（Jim Paulsen）说：”最近的经济报告依然强劲，但今天的股市走势凸显了股市已经在为另一个 Covid 周期打折扣。</blockquote></p><p> “Concerns about Covid also caused the 10-year bond yield to decline for the first time in 6 days and kept downward pressure on commodity prices including another sizable drop in crude oil prices. If inflation keeps rising while another Covid surge again stalls real economic activity, we may find out how the stock market handles a pseudo-stagflationary episode,” he added.</p><p><blockquote>“对 Covid 的担忧也导致 10 年期国债收益率在 6 天内首次下降，并对大宗商品价格造成持续下行压力，包括原油价格再次大幅下跌。如果通胀持续上升，而 Covid 的再次激增再次阻碍实体经济活动，我们可能会发现股市是如何应对伪滞胀的，”他补充道。</blockquote></p><p> Investors await more retail earnings on Thursday withApplied MaterialsandPalo Alto Networksreporting after the bell.</p><p><blockquote>投资者正在等待周四 Applied Materialsand Palo Alto Networks 盘后公布更多零售收益。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 rises slightly led by tech shares as Nvidia soars<blockquote>英伟达股价飙升，科技股带动标普500小幅上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 rises slightly led by tech shares as Nvidia soars<blockquote>英伟达股价飙升，科技股带动标普500小幅上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-18 22:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The S&amp;P 500 and the Nasdaq indexes opened higher on Thursday as chipmaker Nvidia rallied on robust third-quarter results, while a fresh batch of positive retail earnings indicated strength in consumer spending against the backdrop of rising inflation.</p><p><blockquote>标普500和纳斯达克指数周四开盘走高，芯片制造商英伟达因强劲的第三季度业绩而反弹，而新一批积极的零售收益表明在通胀上升的背景下消费者支出强劲。</blockquote></p><p> The Dow Jones Industrial Average(.DJI)fell 29.36 points, or 0.08%, at the open to 35,901.69.</p><p><blockquote>道琼斯工业平均指数(.DJI)开盘下跌29.36点，跌幅0.08%，至35,901.69点。</blockquote></p><p> The S&amp;P 500(.SPX)opened higher by 12.05 points, or 0.26%, at 4,700.72, while the Nasdaq Composite(.IXIC)gained 51.82 points, or 0.33%, to 15,973.40 at the opening bell.</p><p><blockquote>标普500 (.SPX) 开盘上涨 12.05 点，涨幅 0.26%，至 4,700.72 点；纳斯达克综合指数 (.IXIC) 开盘上涨 51.82 点，涨幅 0.33%，至 15,973.40 点。</blockquote></p><p> Nvidia&nbsp;shares popped more than 8% afterbeating on the top and bottom linesof its quarterly results and issued a bullish revenue forecast for the current quarter ending in January. The chipmaker reporter a 55% gain in data center sales from the same period a year ago and its biggest market, gaming, reported a 42% sales increase.</p><p><blockquote>英伟达 (Nvidia) 在季度业绩的顶线和底线上涨后，股价飙升超过 8%，并发布了截至 1 月份的当前季度的乐观收入预测。这家芯片制造商报告称，数据中心销售额比去年同期增长了 55%，其最大的市场游戏销售额增长了 42%。</blockquote></p><p> Those gains helped lift other chip stocks trading. Advanced Micro Devices gained nearly 3%. Skyworks and Micron Technology added more than 1%. Separately, GlobalFoundries jumped more than 8% after revealing itentered a partnership with Fordto help the automaker increase its chip supply.</p><p><blockquote>这些涨幅帮助提振了其他芯片股的交易。Advanced Micro Devices上涨近3%。Skyworks 和美光科技上涨超过 1%。另外，GlobalFoundries 在透露已与福特建立合作伙伴关系以帮助该汽车制造商增加芯片供应后，股价上涨超过 8%。</blockquote></p><p> Retail continued its big earnings week. Shares of Macy’s and Kohl’s kicked the day off jumping 15% and 8%, respectively. Both companies smashed quarterly profit and revenue estimates, much like its peers who reported earlier in the week. Most have reported same-store sales gains from the previous year and investors are optimistic going into the holiday shopping season.</p><p><blockquote>零售业继续其强劲的财报周。梅西百货（Macy's）和科尔百货（Kohl’s）的股价当天分别大涨 15% 和 8%。两家公司都超出了季度利润和收入预期，就像本周早些时候公布的同行一样。大多数商店的同店销售额较上一年有所增长，投资者对假日购物季持乐观态度。</blockquote></p><p> Retail stocks broadly traded higher on Thursday, and the SPDR S&amp;P Retail ETF gained 1.5%.</p><p><blockquote>周四零售股普遍走高，SPDR S&amp;P 零售 ETF 上涨 1.5%。</blockquote></p><p> Elsewhere, Deere saw its shares rise more than 2% after it came to a resolution with workers who had been on strike since Oct. 14.</p><p><blockquote>在其他地方，Deere与自 10 月 14 日以来一直罢工的工人达成解决方案后，其股价上涨了 2% 以上。</blockquote></p><p> Dow component Boeing also saw its shares rise another almost 2% following an upgrade from JPMorgan, which said the aerospace giant has significant upside as it clears up several issues that have dogged the company.</p><p><blockquote>在摩根大通上调评级后，道琼斯指数成分股波音公司的股价也上涨了近 2%，摩根大通表示，这家航空航天巨头在解决困扰该公司的几个问题时具有巨大的上涨空间。</blockquote></p><p> Going in the other direction, Cisco Systems fell 7% due toweaker revenue guidance and a revenue miss. Kraft Heinz shares also dropped more than 3% after the company announced a secondary offering of common stock.</p><p><blockquote>另一方面，由于更弱的收入指引和收入低于预期，思科系统公司股价下跌 7%。在卡夫亨氏宣布二次发行普通股后，该公司股价也下跌超过 3%。</blockquote></p><p> Initial filings for unemployment insurance fell slightly to 268,000 for the week ending Nov. 13, the Labor Department reported Thursday. That was the lowest level since March 2020, and the seventh straight weekly decline. Economists polled by Dow Jones expected them to have fallen to 260,000, compared to the previous week’s adjusted 269,000 claims.</p><p><blockquote>美国劳工部周四报告称，截至 11 月 13 日当周，首次申请失业保险人数略有下降至 268,000 人。这是自2020年3月以来的最低水平，也是连续第七周下降。道琼斯调查的经济学家预计，与前一周调整后的 26.9 万人申请人数相比，将降至 26 万人。</blockquote></p><p> On&nbsp;Wednesday, the Dow Jones Industrial Average lost 211 points, dragged down by a 4.7% loss in Visa shares. The S&amp;P 500 dipped 0.26%. The Nasdaq Composite ticked 0.33% lower, despite most mega-cap technology companies closing in the green.</p><p><blockquote>周三，受 Visa 股价下跌 4.7% 的拖累，道琼斯工业平均指数下跌 211 点。标普500下跌0.26%。尽管大多数大型科技公司收盘上涨，但纳斯达克综合指数仍下跌 0.33%。</blockquote></p><p> The small-cap benchmark Russell 2000 was the relative underperformer on Wednesday, dropping 1.2%.</p><p><blockquote>小盘股基准罗素 2000 指数周三表现相对较差，下跌 1.2%。</blockquote></p><p> “Recent economic reports remain strong, but today’s stock market action highlights that it is already discounting another Covid cycle,” said Jim Paulsen, chief investment strategist for Leuthold Group.</p><p><blockquote>“Leuthold Group 首席投资策略师吉姆-保尔森（Jim Paulsen）说：”最近的经济报告依然强劲，但今天的股市走势凸显了股市已经在为另一个 Covid 周期打折扣。</blockquote></p><p> “Concerns about Covid also caused the 10-year bond yield to decline for the first time in 6 days and kept downward pressure on commodity prices including another sizable drop in crude oil prices. If inflation keeps rising while another Covid surge again stalls real economic activity, we may find out how the stock market handles a pseudo-stagflationary episode,” he added.</p><p><blockquote>“对 Covid 的担忧也导致 10 年期国债收益率在 6 天内首次下降，并对大宗商品价格造成持续下行压力，包括原油价格再次大幅下跌。如果通胀持续上升，而 Covid 的再次激增再次阻碍实体经济活动，我们可能会发现股市是如何应对伪滞胀的，”他补充道。</blockquote></p><p> Investors await more retail earnings on Thursday withApplied MaterialsandPalo Alto Networksreporting after the bell.</p><p><blockquote>投资者正在等待周四 Applied Materialsand Palo Alto Networks 盘后公布更多零售收益。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140578715","content_text":"The S&P 500 and the Nasdaq indexes opened higher on Thursday as chipmaker Nvidia rallied on robust third-quarter results, while a fresh batch of positive retail earnings indicated strength in consumer spending against the backdrop of rising inflation.\nThe Dow Jones Industrial Average(.DJI)fell 29.36 points, or 0.08%, at the open to 35,901.69.\nThe S&P 500(.SPX)opened higher by 12.05 points, or 0.26%, at 4,700.72, while the Nasdaq Composite(.IXIC)gained 51.82 points, or 0.33%, to 15,973.40 at the opening bell.\nNvidia shares popped more than 8% afterbeating on the top and bottom linesof its quarterly results and issued a bullish revenue forecast for the current quarter ending in January. The chipmaker reporter a 55% gain in data center sales from the same period a year ago and its biggest market, gaming, reported a 42% sales increase.\nThose gains helped lift other chip stocks trading. Advanced Micro Devices gained nearly 3%. Skyworks and Micron Technology added more than 1%. Separately, GlobalFoundries jumped more than 8% after revealing itentered a partnership with Fordto help the automaker increase its chip supply.\nRetail continued its big earnings week. Shares of Macy’s and Kohl’s kicked the day off jumping 15% and 8%, respectively. Both companies smashed quarterly profit and revenue estimates, much like its peers who reported earlier in the week. Most have reported same-store sales gains from the previous year and investors are optimistic going into the holiday shopping season.\nRetail stocks broadly traded higher on Thursday, and the SPDR S&P Retail ETF gained 1.5%.\nElsewhere, Deere saw its shares rise more than 2% after it came to a resolution with workers who had been on strike since Oct. 14.\nDow component Boeing also saw its shares rise another almost 2% following an upgrade from JPMorgan, which said the aerospace giant has significant upside as it clears up several issues that have dogged the company.\nGoing in the other direction, Cisco Systems fell 7% due toweaker revenue guidance and a revenue miss. Kraft Heinz shares also dropped more than 3% after the company announced a secondary offering of common stock.\nInitial filings for unemployment insurance fell slightly to 268,000 for the week ending Nov. 13, the Labor Department reported Thursday. That was the lowest level since March 2020, and the seventh straight weekly decline. Economists polled by Dow Jones expected them to have fallen to 260,000, compared to the previous week’s adjusted 269,000 claims.\nOn Wednesday, the Dow Jones Industrial Average lost 211 points, dragged down by a 4.7% loss in Visa shares. The S&P 500 dipped 0.26%. The Nasdaq Composite ticked 0.33% lower, despite most mega-cap technology companies closing in the green.\nThe small-cap benchmark Russell 2000 was the relative underperformer on Wednesday, dropping 1.2%.\n“Recent economic reports remain strong, but today’s stock market action highlights that it is already discounting another Covid cycle,” said Jim Paulsen, chief investment strategist for Leuthold Group.\n“Concerns about Covid also caused the 10-year bond yield to decline for the first time in 6 days and kept downward pressure on commodity prices including another sizable drop in crude oil prices. If inflation keeps rising while another Covid surge again stalls real economic activity, we may find out how the stock market handles a pseudo-stagflationary episode,” he added.\nInvestors await more retail earnings on Thursday withApplied MaterialsandPalo Alto Networksreporting after the bell.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1774,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879336704,"gmtCreate":1636681245078,"gmtModify":1636681644676,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"Keep for dividends 😂","listText":"Keep for dividends 😂","text":"Keep for dividends 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879336704","repostId":"879338549","repostType":1,"repost":{"id":879338549,"gmtCreate":1636681168606,"gmtModify":1636681170074,"author":{"id":"4090048295784430","authorId":"4090048295784430","name":"Nhungpham","avatar":"https://static.tigerbbs.com/a8a77d4586b26d080642c4576b5b297e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090048295784430","authorIdStr":"4090048295784430"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>Up to 117 near back to price buy in then get kick again drop like this ? 🥺","listText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>Up to 117 near back to price buy in then get kick again drop like this ? 🥺","text":"$Starbucks(SBUX)$Up to 117 near back to price buy in then get kick again drop like this ? 🥺","images":[{"img":"https://static.tigerbbs.com/954e0db742814769fa82bd10b1ad99c3","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879338549","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870657649,"gmtCreate":1636616029783,"gmtModify":1636616029783,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>today up to&nbsp;1.122","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>today up to&nbsp;1.122","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$today up to 1.122","images":[{"img":"https://static.tigerbbs.com/47b5ad66d6b52f139b175c12b25352a5","width":"1125","height":"2527"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/870657649","isVote":1,"tweetType":1,"viewCount":5728,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":847431789,"gmtCreate":1636543131065,"gmtModify":1636543991941,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"Hst going up soon","listText":"Hst going up soon","text":"Hst going up soon","images":[{"img":"https://static.tigerbbs.com/187fb9918f94f7080015b3f454e48210","width":"4032","height":"3024"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847431789","isVote":1,"tweetType":1,"viewCount":1090,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":844647563,"gmtCreate":1636425600099,"gmtModify":1636425600214,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Rubbish share","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Rubbish share","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Rubbish share","images":[{"img":"https://static.tigerbbs.com/3435fae155a40aa80c20b97681ba483a","width":"1125","height":"2527"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/844647563","isVote":1,"tweetType":1,"viewCount":1079,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":845417645,"gmtCreate":1636360440231,"gmtModify":1636360485389,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Good","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Good","text":"$Apple(AAPL)$Good","images":[{"img":"https://static.tigerbbs.com/91a6a31aef9bb93de08ffb51e5f5032b","width":"1125","height":"3463"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845417645","isVote":1,"tweetType":1,"viewCount":1112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":833944506,"gmtCreate":1629201008505,"gmtModify":1633686633107,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>🆙 ⬆️ 🆙 ⬆️ 🆙 ⬆️&nbsp;","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>🆙 ⬆️ 🆙 ⬆️ 🆙 ⬆️&nbsp;","text":"$Apple(AAPL)$🆙 ⬆️ 🆙 ⬆️ 🆙 ⬆️","images":[{"img":"https://static.tigerbbs.com/35f48309248624143d68d854c9f87189","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833944506","isVote":1,"tweetType":1,"viewCount":1053,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":897130927,"gmtCreate":1628898181969,"gmtModify":1633688729373,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Going up&nbsp;","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Going up&nbsp;","text":"$Apple(AAPL)$Going up","images":[{"img":"https://static.tigerbbs.com/bb9d8cd8334c4e115801228dbd7ad44f","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/897130927","isVote":1,"tweetType":1,"viewCount":605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":895463535,"gmtCreate":1628766416727,"gmtModify":1633689687767,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Don’t know when up then I sell it","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Don’t know when up then I sell it","text":"$Apple(AAPL)$Don’t know when up then I sell it","images":[{"img":"https://static.tigerbbs.com/cf4ee7ad6216e20dc1de69ca97979f36","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895463535","isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":895469416,"gmtCreate":1628766364035,"gmtModify":1633689688338,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"It share drop","listText":"It share drop","text":"It share drop","images":[{"img":"https://static.tigerbbs.com/748abe2c8175aead0b82221e31f0325b","width":"1125","height":"2115"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895469416","isVote":1,"tweetType":1,"viewCount":573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":874484434,"gmtCreate":1637811828619,"gmtModify":1637811828619,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/874484434","repostId":"1183200074","repostType":4,"repost":{"id":"1183200074","kind":"news","pubTimestamp":1637811543,"share":"https://www.laohunote.com/m/news/1183200074?lang=zh_CN&edition=full","pubTime":"2021-11-25 11:39","market":"us","language":"en","title":"ASML: It's A Leading Semiconductor Player, But Don't Buy Now<blockquote>ASML：它是领先的半导体公司，但现在不要购买</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1183200074","media":"Seeking Alpha","summary":"Summary\n\nASML is supplying the critical extreme ultraviolet lithography machines for the leading-edg","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>ASML is supplying the critical extreme ultraviolet lithography machines for the leading-edge foundries. It has no competitors in this market.</li>  <li>Investors have been willing to pay up for its dominance in this market.</li>  <li>However, its current valuation looks stretched, as growth is expected to slow.</li>  <li>We discuss why we think investors should wait for a deeper retracement first before considering adding exposure.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad6d47b090e53e0f884bb297357356fb\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>ASML 正在为领先的代工厂提供关键的极紫外线光刻机。它在这个市场上没有竞争对手。</li><li>投资者愿意为其在这个市场的主导地位买单。</li><li>然而，由于增长预计将放缓，其目前的估值看起来捉襟见肘。</li><li>我们讨论为什么我们认为投资者应该先等待更深的回撤，然后再考虑增加风险敞口。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock 社论来自 Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> ASML Holding N.V. (ASML) is one of the leading players in the wafer fabrication equipment (WFE) market. As the only player capable of manufacturing extreme ultraviolet (EUV) lithography machines, ASML has no competitors in this category. Taiwan Semiconductor (TSM), Samsung (OTC:SSNLF), and Intel (INTC) have to depend on ASML to supply these highly coveted and costly machines. In addition, the secular demand drivers underpinning the 5G ramp, IoT, autonomous vehicles, and high-performance computing will continue to benefit ASML EUV demand.</p><p><blockquote>ASML Holding N.V. (ASML) 是晶圆制造设备 (WFE) 市场的领先企业之一。作为唯一有能力制造极紫外线 (EUV) 光刻机的参与者，ASML 在这一类别中没有竞争对手。台积电 (TSM)、三星 (OTC: SSNLF) 和英特尔 (INTC) 必须依靠 ASML 来供应这些令人垂涎且昂贵的机器。此外，支撑 5G 斜坡、物联网、自动驾驶汽车和高性能计算的长期需求驱动因素将继续有利于 ASML EUV 需求。</blockquote></p><p> ASML also telegraphed a backlog that amounted to EUR 19.6B in FQ3, including EUR 11.6B in EUV. Consequently, it has given them revenue visibility until early 2023, as the company continues to add capacity.</p><p><blockquote>ASML 还表示，第三季度积压订单达 19.6B 欧元，其中 EUV 积压订单达 11.6B 欧元。因此，随着公司继续增加产能，它为他们提供了直到 2023 年初的收入可见性。</blockquote></p><p> Nevertheless, we believe that a significant amount of growth premium has been baked into the stock's current valuation. It leaves little margin for error and would require ASML to execute immaculately. While we do not question management's ability to execute, we are also concerned about the potential or a correction due to excess capacity from 2023/24 onwards.</p><p><blockquote>尽管如此，我们认为该股目前的估值中已经包含了大量的增长溢价。它几乎没有留下错误的余地，并且需要ASML完美地执行。虽然我们不质疑管理层的执行能力，但我们也担心从 2023/24 年开始产能过剩可能导致或纠正。</blockquote></p><p> <b>ASML Stock YTD Performance</b></p><p><blockquote><b>ASML 股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/169b4c2f1ad5b898301963a7c316e12e\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>ASML stock YTD performance (as of 23 November 21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML 股票年初至今表现（截至 11 月 23 日）。</span></p></blockquote></p><p> It has been a fabulous year for ASML investors. The stock's momentum has been robust all year as it rode the secular drivers underpinning its industry. Moreover, given its dominance in EUV lithography, investors are willing to continue paying up to own its shares. As a result, ASML stock's YTD gain of 65.6% easily outperformed the Invesco QQQ ETF's (QQQ) YTD return of 26.7%. However, its WFE rival Applied Materials (AMAT) stock is slightly ahead with a YTD gain of 72.5%.</p><p><blockquote>对于 ASML 投资者来说，这是精彩的一年。该股全年势头强劲，因为它借助了支撑其行业的长期驱动力。此外，鉴于其在EUV光刻领域的主导地位，投资者愿意继续支付高额费用持有其股份。因此，ASML 股票年初至今 65.6% 的涨幅轻松超过了景顺 QQQ ETF (QQQ) 年初至今 26.7% 的回报率。然而，其 WFE 竞争对手应用材料公司 (AMAT) 的股票略微领先，年初至今涨幅为 72.5%。</blockquote></p><p> <b>A Strong 2021 for ASML. What about its Prognosis Moving Forward?</b></p><p><blockquote><b>ASML 强劲的 2021 年。它未来的预后如何？</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2983887c701a83a264bdfae1302ba7c4\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>SEMI 2021 mid-year total equipment forecast by segment. Source: SEMI</span></p><p><blockquote><p class=\"t-img-caption\"><span>2021年年中按细分市场划分的总设备预测。来源：SEMI</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d62038d494d773331d57f45fb3bf07df\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML quarterly revenue &amp; YoY change. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML 季度收入及同比变化。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> It has been a banner year for the semiconductor industry and the WFE market. SEMI estimated that WFE sales would increase by 33.5% YoY in 2021. ASML guided for its revenue to grow by 35% YoY in FY21. Given the company's solid performance in FQ1-FQ3 so far, we believe that ASML's guidance is highly credible. It's also well in line with the industry's forecasts, so it's highly reasonable as well. Despite the supply chain problems that ASML is facing, it still expects a robust FQ4, guiding for revenue of between EUR 4.9B to EUR 5.2B. CEO Peter Wennink emphasized (edited):</p><p><blockquote>对于半导体行业和WFE市场来说，这是辉煌的一年。SEMI 预计 2021 年 WFE 销售额将同比增长 33.5%。ASML 预计 2021 财年收入将同比增长 35%。鉴于该公司迄今为止在第一季度至第三季度的稳健表现，我们认为 ASML 的指引非常可信。这也非常符合行业的预测，所以也是非常合理的。尽管 ASML 面临供应链问题，但它仍预计第四季度将表现强劲，预计收入在 4.9B 欧元至 5.2B 欧元之间。首席执行官 Peter Wennink 强调（编辑）：</blockquote></p><p>   <i>We're seeing continued strong demand from our customers across all market segments</i>from both advanced and mature nodes, driving demand across our entire product portfolio. These end market trends are driving strong demand across all market segments and across our entire technology portfolio.  <i>Therefore, we continue to increase our capacity</i>for all of our products to meet customer capacity and technology requirements. (from ASML's FQ3'21 earnings call)  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e67ec84e5d14097765f5787d32fe192e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML share of revenue by technology. Data source: Company filings</span></p><p><blockquote><i>我们看到所有细分市场的客户需求持续强劲</i>来自高级和成熟节点，推动我们整个产品组合的需求。这些终端市场趋势正在推动所有细分市场和我们整个技术组合的强劲需求。<i>因此，我们继续增加产能</i>我们所有的产品都能满足客户的产能和技术要求。（摘自 ASML 2021 年第三季度盈利看涨期权）<p class=\"t-img-caption\"><span>ASML 按技术划分的收入份额。数据来源：公司文件</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3380359fecb47be9aa6ce3c11d93d88d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML sales count of EUV machines. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML EUV机器的销售数量。数据来源：公司文件</span></p></blockquote></p><p></p><p> EUV has driven sales for ASML tremendously over the last three years. We can easily glean from the growth cadence of the unit sales, and EUV's share of the revenue. In FQ3, EUV's share of revenue remains influential and consistent at 54%. In addition, its foundry customers have telegraphed their plans to increase CapEx intensity moving forward to support robust underlying demand. Therefore, we believe EUV's share of revenue will remain robust.</p><p><blockquote>在过去三年中，EUV 极大地推动了 ASML 的销售额。我们可以轻松地从单位销售的增长速度和 EUV 的收入份额中收集信息。在第三季度，EUV 的收入份额仍然具有影响力，并且稳定在 54%。此外，其代工厂客户已表示计划增加资本支出强度，以支持强劲的潜在需求。因此，我们相信 EUV 的收入份额将保持强劲。</blockquote></p><p> Nevertheless, it's also important to note that its DUV systems are critical in driving ASML's revenue. Hence, while the secular demand underpinning EUV's strength is commendable, the concern of overcapacity has been widely discussed along the mature nodes.</p><p><blockquote>然而，值得注意的是，其 DUV 系统对于推动 ASML 的收入至关重要。因此，尽管支撑 EUV 实力的长期需求值得称赞，但对产能过剩的担忧已在成熟节点上得到广泛讨论。</blockquote></p><p> TSMC CEO C.C. Wei also discussed the possibility of an \"inventory correction\" moving forward. He articulated:</p><p><blockquote>台积电首席执行官C.C。魏还讨论了未来“库存调整”的可能性。他说：</blockquote></p><p>   Let me say that while we do not rule out the possibility of an inventory correction, but we expect TSMC's capacity remain very tight in 2021 and throughout 2022. This is because of our technology leadership position. And even there's a correction to occur, we believe it could be less volatile for TSMC than previous downturn due to our underlying structural megatrend of 5G-related and HPC applications. (from TSMC's FQ3'21 earnings call)  Hence, TSM recognizes that the potential for excess capacity could affect the trailing nodes much more than leading nodes. However, TSM's CapEx is heavily focused on the leading-edge, as it accounted for 80% of its CapEx investments. Therefore, a potential downturn is less likely to hit the foundry leader significantly.</p><p><blockquote>我要说的是，虽然我们不排除库存调整的可能性，但我们预计台积电的产能在 2021 年和整个 2022 年仍然非常紧张。这是因为我们的技术领先地位。即使出现调整，我们相信台积电的波动性也可能低于之前的低迷，因为我们 5G 相关和 HPC 应用的潜在结构性大趋势。（摘自台积电 2021 年第三季度盈利看涨期权）因此，台积电认识到产能过剩的可能性对落后节点的影响可能比领先节点大得多。然而，TSM 的资本支出主要集中在前沿，因为它占其资本支出投资的 80%。因此，潜在的低迷不太可能对代工厂领导者造成重大打击。</blockquote></p><p> In addition, the problems could intensify in the automotive market. TSMC emphasized that it discovered that the automotive supply chain is very complex and challenging to grasp well. CEO C.C. Wei emphasized: \"Let me specifically point it out. The automotive supply chain actually is quite long and complex. It's more complicated than we initially thought.\"</p><p><blockquote>此外，汽车市场的问题可能会加剧。台积电强调，发现汽车供应链非常复杂，要很好地把握具有挑战性。首席执行官C.C。魏强调：“我特别指出来，汽车供应链其实相当长，也相当复杂，比我们最初想象的还要复杂。”</blockquote></p><p> Even ASML had cautioned that it has also been unable to fully understand the bottlenecks in the supply chain. While the company has attempted its best to model and survey, it hasn't found a viable answer. In response to an analyst's question on the source of the supply bottlenecks, CEO Peter Wennink accentuated (edited):</p><p><blockquote>就连ASML也警告称，它也无法完全了解供应链中的瓶颈。虽然该公司已经尽了最大努力进行建模和调查，但尚未找到可行的答案。在回答分析师关于供应瓶颈根源的问题时，首席执行官 Peter Wennink 强调（编辑）：</blockquote></p><p>   <i>So -- and the real answer is we don't know</i>. Because somehow we haven't been able to connect all the dots that actually are the underlying drivers for this demand. There's some rumors out there that the brokers and the distributors are stocking up all the inventory to drive up the prices. I know one thing that the demand for mature, for DUV dry has by far exceeded our expectations. Some of it will be panic ordering by the customers of our customers. But it's too big to just be panic ordering.  <i>So there is this underlying trend that we really don't understand fully.</i>(from ASML's FQ3'21 earnings call)  <b>So, is ASML Stock a Buy Now?</b></p><p><blockquote><i>所以——真正的答案是我们不知道</i>.因为不知何故，我们没能把所有的点联系起来，而这些点实际上是这种需求的潜在驱动力。有传言说经纪人和分销商正在囤积所有库存以推高价格。我知道一件事，对成熟的，对DUV干的需求已经远远超出了我们的预期。其中一些将是我们客户的客户恐慌性订购。但是它太大了，不能只是恐慌订购。<i>所以有一个我们真的没有完全理解的潜在趋势。</i>（摘自 ASML 2021 年第三季度盈利看涨期权）<b>那么，ASML 股票现在值得买入吗？</b></blockquote></p><p> Much has been said about ASML's dominance in leading-edge EUV systems and how it will continue to entrench its leadership. But, it may be helpful for investors to remember that its mature nodes systems also drive the company's stock valuation.</p><p><blockquote>关于 ASML 在领先 EUV 系统领域的主导地位以及它将如何继续巩固其领导地位，人们已经说了很多。但是，投资者应该记住，其成熟的节点系统也推动了该公司的股票估值，这可能会有所帮助。</blockquote></p><p> Mordor Intelligence estimates that the&nbsp;EUV market would grow by a CAGR of 15%&nbsp;from 2020 to 2026. Considering ASML's FY21 guidance of 35% YoY growth, ASML expects slower growth ahead even with the capacity ramp. Wennink also suggested that corrections cannot be ruled out, even though he emphasized that it's unlikely to happen soon. He mentioned (edited):</p><p><blockquote>Mordor Intelligence估计，从2020年到2026年，EUV市场的CAGR将增长15%。考虑到 ASML 2021 财年同比增长 35% 的指导，ASML 预计即使产能增加，未来增长也会放缓。温宁克还表示，不能排除修正的可能性，尽管他强调这不太可能很快发生。他提到（编辑）：</blockquote></p><p>   Yes. I mean, we have corrections.  <i>We have always seen corrections in our industry. I'm not going to say that they're not there</i>. But we have to look at some of the trends that we're also seeing. And we look at the announcement of the build-out of new capacity. Just refer to the US chip sector, EUR 52 billion, of which EUR 40 billion is for basically to support expansion of capacity. That's going to happen over the next couple of years. It will take 2 to 3 years. So when will this inevitable correction come, I don't think it's likely to come anywhere soon. (from ASML's FQ3'21 earnings call)  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc259fe73c80630f1e3482dab4712cca\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML est. revenue mean consensus. Data source: S&amp;P Capital IQ</span></p><p><blockquote>是的。我是说，我们有更正。<i>我们一直看到我们行业的调整。我不会说他们不在那里</i>但我们必须看看我们也看到的一些趋势。我们关注新产能建设的公告。以美国芯片行业为例，520亿欧元，其中400亿欧元主要用于支持产能扩张。这将在未来几年内发生。需要2到3年的时间。所以这种不可避免的调整什么时候会到来，我认为它不太可能很快到来。（摘自 ASML 2021 年第三季度盈利看涨期权）<p class=\"t-img-caption\"><span>ASML是。收入意味着共识。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p></p><p> We applaud management for having the confidence to issue long-term guidance of 11% CAGR from 2020 to 2030. Management also provided revenue visibility till FY25, as it expected revenue of between EUR 24B and EUR 30B. Consensus estimates point to revenue of EUR 28.5B, which is at the higher end of ASML's mid-term guidance. Therefore, consensus estimates imply a revenue CAGR of 11.1% over the next four years, aligning with ASML's long-term guidance. Notably, it's also in line with Mordor Intelligence's estimates from FY20. ASML is projected to grow its revenue at a CAGR of 15.3% from FY20 to FY26. Hence, we are confident that the company's revenue guidance and the consensus estimates are well-aligned and credible.</p><p><blockquote>我们赞扬管理层有信心发布2020年至2030年复合年增长率为11%的长期指引。管理层还提供了 2025 财年之前的收入可见性，因为它预计收入在 24B 欧元到 30B 欧元之间。普遍估计收入为 28.5B 欧元，处于 ASML 中期指引的上限。因此，共识估计意味着未来四年的收入复合年增长率为 11.1%，与 ASML 的长期指引一致。值得注意的是，这也符合魔多情报2020财年的估计。ASML 预计从 2020 财年到 26 财年，其收入将以 15.3% 的复合年增长率增长。因此，我们相信公司的收入指引和共识估计是一致且可信的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44c022f15bd09540111ab4db82dcff88\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML EV/Fwd EBITDA valuation trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML EV/Fwd EBITDA 估值趋势。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67bc2b2d8f96dd007a5c727b7b0762c7\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>ASML stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML 股票 EV/NTM EBITDA 3 年平均值。</span></p></blockquote></p><p> We believe the clear revenue runway ahead for ASML has given investors confidence to continue paying a premium for ASML stock. The stock is currently trading at an EV/NTM EBITDA of 35.3x, 31.2% above its 3Y mean of 26.9x.</p><p><blockquote>我们相信，ASML 未来清晰的收入跑道让投资者有信心继续为 ASML 股票支付溢价。该股目前的 EV/NTM EBITDA 为 35.3 倍，比 3 年平均水平 26.9 倍高出 31.2%。</blockquote></p><p> However, ASML stock has found support whenever its NTM EBITDA multiple reached about 32.3x in 2021. The stock is trading at about 9.3% above this support level. Despite that, we are cautious about paying such a high premium for a stock where we consider at least two to three years of EBITDA growth could have been priced in.</p><p><blockquote>然而，每当 2021 年 NTM EBITDA 倍数达到约 32.3 倍时，ASML 股票都会找到支撑。该股的交易价格较该支撑位高出约 9.3%。尽管如此，我们对为一只股票支付如此高的溢价持谨慎态度，因为我们认为至少两到三年的 EBITDA 增长可能已经被定价。</blockquote></p><p> There is little doubt that ASML stock is a high-quality stock with a clear revenue runway. But, we are careful about paying the current premium asked. Therefore, we encourage investors to wait for a deeper retracement for a safer entry point.</p><p><blockquote>毫无疑问，ASML 股票是一只具有清晰收入跑道的优质股票。但是，我们对支付当前要求的保费很谨慎。因此，我们鼓励投资者等待更深的回撤，以获得更安全的入场点。</blockquote></p><p> Consequently, we<i>rate ASML at Neutral for now</i>. But we may consider adding exposure if we observe a meaningful retracement.</p><p><blockquote>因此，我们<i>目前将 ASML 评级为中性</i>但如果我们观察到有意义的回撤，我们可能会考虑增加风险敞口。</blockquote></p><p> Written by&nbsp;JR Research</p><p><blockquote>作者：JR Research</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASML: It's A Leading Semiconductor Player, But Don't Buy Now<blockquote>ASML：它是领先的半导体公司，但现在不要购买</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASML: It's A Leading Semiconductor Player, But Don't Buy Now<blockquote>ASML：它是领先的半导体公司，但现在不要购买</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-11-25 11:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>ASML is supplying the critical extreme ultraviolet lithography machines for the leading-edge foundries. It has no competitors in this market.</li>  <li>Investors have been willing to pay up for its dominance in this market.</li>  <li>However, its current valuation looks stretched, as growth is expected to slow.</li>  <li>We discuss why we think investors should wait for a deeper retracement first before considering adding exposure.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad6d47b090e53e0f884bb297357356fb\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>ASML 正在为领先的代工厂提供关键的极紫外线光刻机。它在这个市场上没有竞争对手。</li><li>投资者愿意为其在这个市场的主导地位买单。</li><li>然而，由于增长预计将放缓，其目前的估值看起来捉襟见肘。</li><li>我们讨论为什么我们认为投资者应该先等待更深的回撤，然后再考虑增加风险敞口。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock 社论来自 Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> ASML Holding N.V. (ASML) is one of the leading players in the wafer fabrication equipment (WFE) market. As the only player capable of manufacturing extreme ultraviolet (EUV) lithography machines, ASML has no competitors in this category. Taiwan Semiconductor (TSM), Samsung (OTC:SSNLF), and Intel (INTC) have to depend on ASML to supply these highly coveted and costly machines. In addition, the secular demand drivers underpinning the 5G ramp, IoT, autonomous vehicles, and high-performance computing will continue to benefit ASML EUV demand.</p><p><blockquote>ASML Holding N.V. (ASML) 是晶圆制造设备 (WFE) 市场的领先企业之一。作为唯一有能力制造极紫外线 (EUV) 光刻机的参与者，ASML 在这一类别中没有竞争对手。台积电 (TSM)、三星 (OTC: SSNLF) 和英特尔 (INTC) 必须依靠 ASML 来供应这些令人垂涎且昂贵的机器。此外，支撑 5G 斜坡、物联网、自动驾驶汽车和高性能计算的长期需求驱动因素将继续有利于 ASML EUV 需求。</blockquote></p><p> ASML also telegraphed a backlog that amounted to EUR 19.6B in FQ3, including EUR 11.6B in EUV. Consequently, it has given them revenue visibility until early 2023, as the company continues to add capacity.</p><p><blockquote>ASML 还表示，第三季度积压订单达 19.6B 欧元，其中 EUV 积压订单达 11.6B 欧元。因此，随着公司继续增加产能，它为他们提供了直到 2023 年初的收入可见性。</blockquote></p><p> Nevertheless, we believe that a significant amount of growth premium has been baked into the stock's current valuation. It leaves little margin for error and would require ASML to execute immaculately. While we do not question management's ability to execute, we are also concerned about the potential or a correction due to excess capacity from 2023/24 onwards.</p><p><blockquote>尽管如此，我们认为该股目前的估值中已经包含了大量的增长溢价。它几乎没有留下错误的余地，并且需要ASML完美地执行。虽然我们不质疑管理层的执行能力，但我们也担心从 2023/24 年开始产能过剩可能导致或纠正。</blockquote></p><p> <b>ASML Stock YTD Performance</b></p><p><blockquote><b>ASML 股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/169b4c2f1ad5b898301963a7c316e12e\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>ASML stock YTD performance (as of 23 November 21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML 股票年初至今表现（截至 11 月 23 日）。</span></p></blockquote></p><p> It has been a fabulous year for ASML investors. The stock's momentum has been robust all year as it rode the secular drivers underpinning its industry. Moreover, given its dominance in EUV lithography, investors are willing to continue paying up to own its shares. As a result, ASML stock's YTD gain of 65.6% easily outperformed the Invesco QQQ ETF's (QQQ) YTD return of 26.7%. However, its WFE rival Applied Materials (AMAT) stock is slightly ahead with a YTD gain of 72.5%.</p><p><blockquote>对于 ASML 投资者来说，这是精彩的一年。该股全年势头强劲，因为它借助了支撑其行业的长期驱动力。此外，鉴于其在EUV光刻领域的主导地位，投资者愿意继续支付高额费用持有其股份。因此，ASML 股票年初至今 65.6% 的涨幅轻松超过了景顺 QQQ ETF (QQQ) 年初至今 26.7% 的回报率。然而，其 WFE 竞争对手应用材料公司 (AMAT) 的股票略微领先，年初至今涨幅为 72.5%。</blockquote></p><p> <b>A Strong 2021 for ASML. What about its Prognosis Moving Forward?</b></p><p><blockquote><b>ASML 强劲的 2021 年。它未来的预后如何？</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2983887c701a83a264bdfae1302ba7c4\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><span>SEMI 2021 mid-year total equipment forecast by segment. Source: SEMI</span></p><p><blockquote><p class=\"t-img-caption\"><span>2021年年中按细分市场划分的总设备预测。来源：SEMI</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d62038d494d773331d57f45fb3bf07df\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML quarterly revenue &amp; YoY change. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML 季度收入及同比变化。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> It has been a banner year for the semiconductor industry and the WFE market. SEMI estimated that WFE sales would increase by 33.5% YoY in 2021. ASML guided for its revenue to grow by 35% YoY in FY21. Given the company's solid performance in FQ1-FQ3 so far, we believe that ASML's guidance is highly credible. It's also well in line with the industry's forecasts, so it's highly reasonable as well. Despite the supply chain problems that ASML is facing, it still expects a robust FQ4, guiding for revenue of between EUR 4.9B to EUR 5.2B. CEO Peter Wennink emphasized (edited):</p><p><blockquote>对于半导体行业和WFE市场来说，这是辉煌的一年。SEMI 预计 2021 年 WFE 销售额将同比增长 33.5%。ASML 预计 2021 财年收入将同比增长 35%。鉴于该公司迄今为止在第一季度至第三季度的稳健表现，我们认为 ASML 的指引非常可信。这也非常符合行业的预测，所以也是非常合理的。尽管 ASML 面临供应链问题，但它仍预计第四季度将表现强劲，预计收入在 4.9B 欧元至 5.2B 欧元之间。首席执行官 Peter Wennink 强调（编辑）：</blockquote></p><p>   <i>We're seeing continued strong demand from our customers across all market segments</i>from both advanced and mature nodes, driving demand across our entire product portfolio. These end market trends are driving strong demand across all market segments and across our entire technology portfolio.  <i>Therefore, we continue to increase our capacity</i>for all of our products to meet customer capacity and technology requirements. (from ASML's FQ3'21 earnings call)  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e67ec84e5d14097765f5787d32fe192e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML share of revenue by technology. Data source: Company filings</span></p><p><blockquote><i>我们看到所有细分市场的客户需求持续强劲</i>来自高级和成熟节点，推动我们整个产品组合的需求。这些终端市场趋势正在推动所有细分市场和我们整个技术组合的强劲需求。<i>因此，我们继续增加产能</i>我们所有的产品都能满足客户的产能和技术要求。（摘自 ASML 2021 年第三季度盈利看涨期权）<p class=\"t-img-caption\"><span>ASML 按技术划分的收入份额。数据来源：公司文件</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3380359fecb47be9aa6ce3c11d93d88d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML sales count of EUV machines. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML EUV机器的销售数量。数据来源：公司文件</span></p></blockquote></p><p></p><p> EUV has driven sales for ASML tremendously over the last three years. We can easily glean from the growth cadence of the unit sales, and EUV's share of the revenue. In FQ3, EUV's share of revenue remains influential and consistent at 54%. In addition, its foundry customers have telegraphed their plans to increase CapEx intensity moving forward to support robust underlying demand. Therefore, we believe EUV's share of revenue will remain robust.</p><p><blockquote>在过去三年中，EUV 极大地推动了 ASML 的销售额。我们可以轻松地从单位销售的增长速度和 EUV 的收入份额中收集信息。在第三季度，EUV 的收入份额仍然具有影响力，并且稳定在 54%。此外，其代工厂客户已表示计划增加资本支出强度，以支持强劲的潜在需求。因此，我们相信 EUV 的收入份额将保持强劲。</blockquote></p><p> Nevertheless, it's also important to note that its DUV systems are critical in driving ASML's revenue. Hence, while the secular demand underpinning EUV's strength is commendable, the concern of overcapacity has been widely discussed along the mature nodes.</p><p><blockquote>然而，值得注意的是，其 DUV 系统对于推动 ASML 的收入至关重要。因此，尽管支撑 EUV 实力的长期需求值得称赞，但对产能过剩的担忧已在成熟节点上得到广泛讨论。</blockquote></p><p> TSMC CEO C.C. Wei also discussed the possibility of an \"inventory correction\" moving forward. He articulated:</p><p><blockquote>台积电首席执行官C.C。魏还讨论了未来“库存调整”的可能性。他说：</blockquote></p><p>   Let me say that while we do not rule out the possibility of an inventory correction, but we expect TSMC's capacity remain very tight in 2021 and throughout 2022. This is because of our technology leadership position. And even there's a correction to occur, we believe it could be less volatile for TSMC than previous downturn due to our underlying structural megatrend of 5G-related and HPC applications. (from TSMC's FQ3'21 earnings call)  Hence, TSM recognizes that the potential for excess capacity could affect the trailing nodes much more than leading nodes. However, TSM's CapEx is heavily focused on the leading-edge, as it accounted for 80% of its CapEx investments. Therefore, a potential downturn is less likely to hit the foundry leader significantly.</p><p><blockquote>我要说的是，虽然我们不排除库存调整的可能性，但我们预计台积电的产能在 2021 年和整个 2022 年仍然非常紧张。这是因为我们的技术领先地位。即使出现调整，我们相信台积电的波动性也可能低于之前的低迷，因为我们 5G 相关和 HPC 应用的潜在结构性大趋势。（摘自台积电 2021 年第三季度盈利看涨期权）因此，台积电认识到产能过剩的可能性对落后节点的影响可能比领先节点大得多。然而，TSM 的资本支出主要集中在前沿，因为它占其资本支出投资的 80%。因此，潜在的低迷不太可能对代工厂领导者造成重大打击。</blockquote></p><p> In addition, the problems could intensify in the automotive market. TSMC emphasized that it discovered that the automotive supply chain is very complex and challenging to grasp well. CEO C.C. Wei emphasized: \"Let me specifically point it out. The automotive supply chain actually is quite long and complex. It's more complicated than we initially thought.\"</p><p><blockquote>此外，汽车市场的问题可能会加剧。台积电强调，发现汽车供应链非常复杂，要很好地把握具有挑战性。首席执行官C.C。魏强调：“我特别指出来，汽车供应链其实相当长，也相当复杂，比我们最初想象的还要复杂。”</blockquote></p><p> Even ASML had cautioned that it has also been unable to fully understand the bottlenecks in the supply chain. While the company has attempted its best to model and survey, it hasn't found a viable answer. In response to an analyst's question on the source of the supply bottlenecks, CEO Peter Wennink accentuated (edited):</p><p><blockquote>就连ASML也警告称，它也无法完全了解供应链中的瓶颈。虽然该公司已经尽了最大努力进行建模和调查，但尚未找到可行的答案。在回答分析师关于供应瓶颈根源的问题时，首席执行官 Peter Wennink 强调（编辑）：</blockquote></p><p>   <i>So -- and the real answer is we don't know</i>. Because somehow we haven't been able to connect all the dots that actually are the underlying drivers for this demand. There's some rumors out there that the brokers and the distributors are stocking up all the inventory to drive up the prices. I know one thing that the demand for mature, for DUV dry has by far exceeded our expectations. Some of it will be panic ordering by the customers of our customers. But it's too big to just be panic ordering.  <i>So there is this underlying trend that we really don't understand fully.</i>(from ASML's FQ3'21 earnings call)  <b>So, is ASML Stock a Buy Now?</b></p><p><blockquote><i>所以——真正的答案是我们不知道</i>.因为不知何故，我们没能把所有的点联系起来，而这些点实际上是这种需求的潜在驱动力。有传言说经纪人和分销商正在囤积所有库存以推高价格。我知道一件事，对成熟的，对DUV干的需求已经远远超出了我们的预期。其中一些将是我们客户的客户恐慌性订购。但是它太大了，不能只是恐慌订购。<i>所以有一个我们真的没有完全理解的潜在趋势。</i>（摘自 ASML 2021 年第三季度盈利看涨期权）<b>那么，ASML 股票现在值得买入吗？</b></blockquote></p><p> Much has been said about ASML's dominance in leading-edge EUV systems and how it will continue to entrench its leadership. But, it may be helpful for investors to remember that its mature nodes systems also drive the company's stock valuation.</p><p><blockquote>关于 ASML 在领先 EUV 系统领域的主导地位以及它将如何继续巩固其领导地位，人们已经说了很多。但是，投资者应该记住，其成熟的节点系统也推动了该公司的股票估值，这可能会有所帮助。</blockquote></p><p> Mordor Intelligence estimates that the&nbsp;EUV market would grow by a CAGR of 15%&nbsp;from 2020 to 2026. Considering ASML's FY21 guidance of 35% YoY growth, ASML expects slower growth ahead even with the capacity ramp. Wennink also suggested that corrections cannot be ruled out, even though he emphasized that it's unlikely to happen soon. He mentioned (edited):</p><p><blockquote>Mordor Intelligence估计，从2020年到2026年，EUV市场的CAGR将增长15%。考虑到 ASML 2021 财年同比增长 35% 的指导，ASML 预计即使产能增加，未来增长也会放缓。温宁克还表示，不能排除修正的可能性，尽管他强调这不太可能很快发生。他提到（编辑）：</blockquote></p><p>   Yes. I mean, we have corrections.  <i>We have always seen corrections in our industry. I'm not going to say that they're not there</i>. But we have to look at some of the trends that we're also seeing. And we look at the announcement of the build-out of new capacity. Just refer to the US chip sector, EUR 52 billion, of which EUR 40 billion is for basically to support expansion of capacity. That's going to happen over the next couple of years. It will take 2 to 3 years. So when will this inevitable correction come, I don't think it's likely to come anywhere soon. (from ASML's FQ3'21 earnings call)  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc259fe73c80630f1e3482dab4712cca\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML est. revenue mean consensus. Data source: S&amp;P Capital IQ</span></p><p><blockquote>是的。我是说，我们有更正。<i>我们一直看到我们行业的调整。我不会说他们不在那里</i>但我们必须看看我们也看到的一些趋势。我们关注新产能建设的公告。以美国芯片行业为例，520亿欧元，其中400亿欧元主要用于支持产能扩张。这将在未来几年内发生。需要2到3年的时间。所以这种不可避免的调整什么时候会到来，我认为它不太可能很快到来。（摘自 ASML 2021 年第三季度盈利看涨期权）<p class=\"t-img-caption\"><span>ASML是。收入意味着共识。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p></p><p> We applaud management for having the confidence to issue long-term guidance of 11% CAGR from 2020 to 2030. Management also provided revenue visibility till FY25, as it expected revenue of between EUR 24B and EUR 30B. Consensus estimates point to revenue of EUR 28.5B, which is at the higher end of ASML's mid-term guidance. Therefore, consensus estimates imply a revenue CAGR of 11.1% over the next four years, aligning with ASML's long-term guidance. Notably, it's also in line with Mordor Intelligence's estimates from FY20. ASML is projected to grow its revenue at a CAGR of 15.3% from FY20 to FY26. Hence, we are confident that the company's revenue guidance and the consensus estimates are well-aligned and credible.</p><p><blockquote>我们赞扬管理层有信心发布2020年至2030年复合年增长率为11%的长期指引。管理层还提供了 2025 财年之前的收入可见性，因为它预计收入在 24B 欧元到 30B 欧元之间。普遍估计收入为 28.5B 欧元，处于 ASML 中期指引的上限。因此，共识估计意味着未来四年的收入复合年增长率为 11.1%，与 ASML 的长期指引一致。值得注意的是，这也符合魔多情报2020财年的估计。ASML 预计从 2020 财年到 26 财年，其收入将以 15.3% 的复合年增长率增长。因此，我们相信公司的收入指引和共识估计是一致且可信的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44c022f15bd09540111ab4db82dcff88\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>ASML EV/Fwd EBITDA valuation trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML EV/Fwd EBITDA 估值趋势。数据来源：S&amp;P Capital IQ</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67bc2b2d8f96dd007a5c727b7b0762c7\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>ASML stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>ASML 股票 EV/NTM EBITDA 3 年平均值。</span></p></blockquote></p><p> We believe the clear revenue runway ahead for ASML has given investors confidence to continue paying a premium for ASML stock. The stock is currently trading at an EV/NTM EBITDA of 35.3x, 31.2% above its 3Y mean of 26.9x.</p><p><blockquote>我们相信，ASML 未来清晰的收入跑道让投资者有信心继续为 ASML 股票支付溢价。该股目前的 EV/NTM EBITDA 为 35.3 倍，比 3 年平均水平 26.9 倍高出 31.2%。</blockquote></p><p> However, ASML stock has found support whenever its NTM EBITDA multiple reached about 32.3x in 2021. The stock is trading at about 9.3% above this support level. Despite that, we are cautious about paying such a high premium for a stock where we consider at least two to three years of EBITDA growth could have been priced in.</p><p><blockquote>然而，每当 2021 年 NTM EBITDA 倍数达到约 32.3 倍时，ASML 股票都会找到支撑。该股的交易价格较该支撑位高出约 9.3%。尽管如此，我们对为一只股票支付如此高的溢价持谨慎态度，因为我们认为至少两到三年的 EBITDA 增长可能已经被定价。</blockquote></p><p> There is little doubt that ASML stock is a high-quality stock with a clear revenue runway. But, we are careful about paying the current premium asked. Therefore, we encourage investors to wait for a deeper retracement for a safer entry point.</p><p><blockquote>毫无疑问，ASML 股票是一只具有清晰收入跑道的优质股票。但是，我们对支付当前要求的保费很谨慎。因此，我们鼓励投资者等待更深的回撤，以获得更安全的入场点。</blockquote></p><p> Consequently, we<i>rate ASML at Neutral for now</i>. But we may consider adding exposure if we observe a meaningful retracement.</p><p><blockquote>因此，我们<i>目前将 ASML 评级为中性</i>但如果我们观察到有意义的回撤，我们可能会考虑增加风险敞口。</blockquote></p><p> Written by&nbsp;JR Research</p><p><blockquote>作者：JR Research</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4471867-asml-stock-leading-semiconductor-player-valuation-looks-stretched\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦"},"source_url":"https://seekingalpha.com/article/4471867-asml-stock-leading-semiconductor-player-valuation-looks-stretched","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183200074","content_text":"Summary\n\nASML is supplying the critical extreme ultraviolet lithography machines for the leading-edge foundries. It has no competitors in this market.\nInvestors have been willing to pay up for its dominance in this market.\nHowever, its current valuation looks stretched, as growth is expected to slow.\nWe discuss why we think investors should wait for a deeper retracement first before considering adding exposure.\n\nSundry Photography/iStock Editorial via Getty Images\nInvestment Thesis\nASML Holding N.V. (ASML) is one of the leading players in the wafer fabrication equipment (WFE) market. As the only player capable of manufacturing extreme ultraviolet (EUV) lithography machines, ASML has no competitors in this category. Taiwan Semiconductor (TSM), Samsung (OTC:SSNLF), and Intel (INTC) have to depend on ASML to supply these highly coveted and costly machines. In addition, the secular demand drivers underpinning the 5G ramp, IoT, autonomous vehicles, and high-performance computing will continue to benefit ASML EUV demand.\nASML also telegraphed a backlog that amounted to EUR 19.6B in FQ3, including EUR 11.6B in EUV. Consequently, it has given them revenue visibility until early 2023, as the company continues to add capacity.\nNevertheless, we believe that a significant amount of growth premium has been baked into the stock's current valuation. It leaves little margin for error and would require ASML to execute immaculately. While we do not question management's ability to execute, we are also concerned about the potential or a correction due to excess capacity from 2023/24 onwards.\nASML Stock YTD Performance\nASML stock YTD performance (as of 23 November 21).\nIt has been a fabulous year for ASML investors. The stock's momentum has been robust all year as it rode the secular drivers underpinning its industry. Moreover, given its dominance in EUV lithography, investors are willing to continue paying up to own its shares. As a result, ASML stock's YTD gain of 65.6% easily outperformed the Invesco QQQ ETF's (QQQ) YTD return of 26.7%. However, its WFE rival Applied Materials (AMAT) stock is slightly ahead with a YTD gain of 72.5%.\nA Strong 2021 for ASML. What about its Prognosis Moving Forward?\nSEMI 2021 mid-year total equipment forecast by segment. Source: SEMI\nASML quarterly revenue & YoY change. Data source: S&P Capital IQ\nIt has been a banner year for the semiconductor industry and the WFE market. SEMI estimated that WFE sales would increase by 33.5% YoY in 2021. ASML guided for its revenue to grow by 35% YoY in FY21. Given the company's solid performance in FQ1-FQ3 so far, we believe that ASML's guidance is highly credible. It's also well in line with the industry's forecasts, so it's highly reasonable as well. Despite the supply chain problems that ASML is facing, it still expects a robust FQ4, guiding for revenue of between EUR 4.9B to EUR 5.2B. CEO Peter Wennink emphasized (edited):\n\nWe're seeing continued strong demand from our customers across all market segmentsfrom both advanced and mature nodes, driving demand across our entire product portfolio. These end market trends are driving strong demand across all market segments and across our entire technology portfolio.\n Therefore, we continue to increase our capacityfor all of our products to meet customer capacity and technology requirements. (from ASML's FQ3'21 earnings call)\n\nASML share of revenue by technology. Data source: Company filings\nASML sales count of EUV machines. Data source: Company filings\nEUV has driven sales for ASML tremendously over the last three years. We can easily glean from the growth cadence of the unit sales, and EUV's share of the revenue. In FQ3, EUV's share of revenue remains influential and consistent at 54%. In addition, its foundry customers have telegraphed their plans to increase CapEx intensity moving forward to support robust underlying demand. Therefore, we believe EUV's share of revenue will remain robust.\nNevertheless, it's also important to note that its DUV systems are critical in driving ASML's revenue. Hence, while the secular demand underpinning EUV's strength is commendable, the concern of overcapacity has been widely discussed along the mature nodes.\nTSMC CEO C.C. Wei also discussed the possibility of an \"inventory correction\" moving forward. He articulated:\n\n Let me say that while we do not rule out the possibility of an inventory correction, but we expect TSMC's capacity remain very tight in 2021 and throughout 2022. This is because of our technology leadership position. And even there's a correction to occur, we believe it could be less volatile for TSMC than previous downturn due to our underlying structural megatrend of 5G-related and HPC applications. (from TSMC's FQ3'21 earnings call)\n\nHence, TSM recognizes that the potential for excess capacity could affect the trailing nodes much more than leading nodes. However, TSM's CapEx is heavily focused on the leading-edge, as it accounted for 80% of its CapEx investments. Therefore, a potential downturn is less likely to hit the foundry leader significantly.\nIn addition, the problems could intensify in the automotive market. TSMC emphasized that it discovered that the automotive supply chain is very complex and challenging to grasp well. CEO C.C. Wei emphasized: \"Let me specifically point it out. The automotive supply chain actually is quite long and complex. It's more complicated than we initially thought.\"\nEven ASML had cautioned that it has also been unable to fully understand the bottlenecks in the supply chain. While the company has attempted its best to model and survey, it hasn't found a viable answer. In response to an analyst's question on the source of the supply bottlenecks, CEO Peter Wennink accentuated (edited):\n\nSo -- and the real answer is we don't know. Because somehow we haven't been able to connect all the dots that actually are the underlying drivers for this demand. There's some rumors out there that the brokers and the distributors are stocking up all the inventory to drive up the prices. I know one thing that the demand for mature, for DUV dry has by far exceeded our expectations. Some of it will be panic ordering by the customers of our customers. But it's too big to just be panic ordering.\n So there is this underlying trend that we really don't understand fully.(from ASML's FQ3'21 earnings call)\n\nSo, is ASML Stock a Buy Now?\nMuch has been said about ASML's dominance in leading-edge EUV systems and how it will continue to entrench its leadership. But, it may be helpful for investors to remember that its mature nodes systems also drive the company's stock valuation.\nMordor Intelligence estimates that the EUV market would grow by a CAGR of 15% from 2020 to 2026. Considering ASML's FY21 guidance of 35% YoY growth, ASML expects slower growth ahead even with the capacity ramp. Wennink also suggested that corrections cannot be ruled out, even though he emphasized that it's unlikely to happen soon. He mentioned (edited):\n\n Yes. I mean, we have corrections.\n We have always seen corrections in our industry. I'm not going to say that they're not there. But we have to look at some of the trends that we're also seeing. And we look at the announcement of the build-out of new capacity. Just refer to the US chip sector, EUR 52 billion, of which EUR 40 billion is for basically to support expansion of capacity. That's going to happen over the next couple of years. It will take 2 to 3 years. So when will this inevitable correction come, I don't think it's likely to come anywhere soon. (from ASML's FQ3'21 earnings call)\n\nASML est. revenue mean consensus. Data source: S&P Capital IQ\nWe applaud management for having the confidence to issue long-term guidance of 11% CAGR from 2020 to 2030. Management also provided revenue visibility till FY25, as it expected revenue of between EUR 24B and EUR 30B. Consensus estimates point to revenue of EUR 28.5B, which is at the higher end of ASML's mid-term guidance. Therefore, consensus estimates imply a revenue CAGR of 11.1% over the next four years, aligning with ASML's long-term guidance. Notably, it's also in line with Mordor Intelligence's estimates from FY20. ASML is projected to grow its revenue at a CAGR of 15.3% from FY20 to FY26. Hence, we are confident that the company's revenue guidance and the consensus estimates are well-aligned and credible.\nASML EV/Fwd EBITDA valuation trend. Data source: S&P Capital IQ\nASML stock EV/NTM EBITDA 3Y mean.\nWe believe the clear revenue runway ahead for ASML has given investors confidence to continue paying a premium for ASML stock. The stock is currently trading at an EV/NTM EBITDA of 35.3x, 31.2% above its 3Y mean of 26.9x.\nHowever, ASML stock has found support whenever its NTM EBITDA multiple reached about 32.3x in 2021. The stock is trading at about 9.3% above this support level. Despite that, we are cautious about paying such a high premium for a stock where we consider at least two to three years of EBITDA growth could have been priced in.\nThere is little doubt that ASML stock is a high-quality stock with a clear revenue runway. But, we are careful about paying the current premium asked. Therefore, we encourage investors to wait for a deeper retracement for a safer entry point.\nConsequently, werate ASML at Neutral for now. But we may consider adding exposure if we observe a meaningful retracement.\nWritten by JR Research","news_type":1,"symbols_score_info":{"ASML":0.9}},"isVote":1,"tweetType":1,"viewCount":4206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870657649,"gmtCreate":1636616029783,"gmtModify":1636616029783,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>today up to&nbsp;1.122","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>today up to&nbsp;1.122","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$today up to 1.122","images":[{"img":"https://static.tigerbbs.com/47b5ad66d6b52f139b175c12b25352a5","width":"1125","height":"2527"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/870657649","isVote":1,"tweetType":1,"viewCount":5728,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":693919025,"gmtCreate":1639959744478,"gmtModify":1639959744568,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"Hopefully market up a lot so share can be up&nbsp;","listText":"Hopefully market up a lot so share can be up&nbsp;","text":"Hopefully market up a lot so share can be up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693919025","repostId":"1154958924","repostType":4,"repost":{"id":"1154958924","kind":"news","pubTimestamp":1639958978,"share":"https://www.laohunote.com/m/news/1154958924?lang=zh_CN&edition=full","pubTime":"2021-12-20 08:09","market":"sg","language":"en","title":"Singapore Stock Market May Give Up Support At 3,100 Points<blockquote>新加坡股市可能放弃3100点的支撑</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154958924","media":"RTTNews","summary":"The Singapore stock market has alternated between positive and negative finishes through the last fo","content":"<p>The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had fallen more than 20 points or 0.7 percent. The Straits Times Index now sits just above the 3,110-point plateau and it may take further damage again on Monday.</p><p><blockquote>自连续两天下跌超过20点或0.7%以来，新加坡股市在过去四个交易日中交替出现正面和负面收盘。海峡时报指数目前位于 3,110 点平台上方，周一可能会再次遭受进一步损害。</blockquote></p><p> The global forecast for the Asian&nbsp;markets&nbsp;is soft on omicron coronavirus concerns and sinking oil prices. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference.</p><p><blockquote>由于奥密克戎冠状病毒的担忧和油价下跌，亚洲市场的全球预测疲软。欧洲市场涨跌互现，美国股市下跌，亚洲市场平分秋色。</blockquote></p><p> The STI finished modestly lower on Friday following losses from the industrials and properties, while the financials came in mixed.</p><p><blockquote>受工业和房地产股下跌影响，STI 周五小幅收低，而金融股涨跌互现。</blockquote></p><p> For the day, the index lost 17.17 points or 0.55 percent to finish at the daily low of 3,111.63 after peaking at 3,134.99. Volume was 1.2 billion shares worth 1.5 billion Singapore dollars. There were 280 decliners and 188 gainers.</p><p><blockquote>当天，该指数下跌 17.17 点或 0.55%，在触及 3,134.99 点的峰值后，收于 3,111.63 点的日低点。成交量为12亿股，价值15亿新加坡元。下跌者280人，上涨者188人。</blockquote></p><p> Among the actives, CapitaLand Integrated Commercial Trust and Mapletree Commercial Trust both slumped 0.50 percent, while City Developments tanked 1.45 percent, Comfort DelGro lost 0.72 percent, Dairy Farm International slid 0.36 percent, DBS Group collected 0.34 percent, Genting Singapore fell 0.65 percent, Hongkong Land plummeted 2.07 percent, Keppel Corp and Venture Corporation both sank 0.97 percent, Mapletree Logistics Trust weakened 0.53 percent, Oversea-Chinese Banking Corporation eased 0.09 percent, SATS skidded 1.03 percent, SembCorp Industries plunged 1.49 percent, Singapore Airlines dropped 0.81 percent, Singapore Exchange tumbled 1.39 percent, Singapore Press Holdings added 0.43 percent, Singapore Technologies Engineering retreated 1.06 percent, SingTel stumbled 0.63 percent, Thai Beverage shed 0.75 percent, United Overseas Bank dipped 0.30 percent, Wilmar International declined 1.21 percent and Yangzijiang Shipbuilding and Ascendas REIT were unchanged.</p><p><blockquote>资产中，凯德综合商业信托和丰树商业信托均下跌 0.50%，城市发展下跌 1.45%，康德高下跌 0.72%，奶场国际下跌 0.36%，星展集团上涨 0.34%，云顶新加坡下跌 0.65%，香港置地暴跌 2.07%，吉宝公司和创业公司均下跌 0.97%，丰树物流信托疲软 0.53%，华侨银行下跌 0.09%，SATS 下跌 1.03%，胜科工业下跌 1.49%，新加坡航空公司下跌 0.81%，新加坡交易所下跌 1.39%，新加坡报业控股上涨 0.43%，新加坡科技工程下跌 1.06%，新加坡电信下跌 0.63%，泰国饮料下跌 0.75%</blockquote></p><p> The lead from Wall Street is negative as the major averages opened lower on a volatile Friday. The NASDAQ peeked briefly into the green but the markets all still finished in the red.</p><p><blockquote>华尔街的领先优势是负面的，因为主要股指在动荡的周五开盘走低。纳斯达克短暂地出现了绿色，但市场仍然全部以红色收盘。</blockquote></p><p> The Dow plunged 532.16 points or 1.48 percent to finish at 35,365.44, while the NASDAQ dipped 10.72 points or 0.07 percent to close at 15,169.68 and the S&amp;P 500 sank 48.03 points or 1.03 percent to end at 4,620.64. For the week, the NASDAQ plunged 2.9 percent, the Dow lost 1.7 percent and the S&amp;P was down 1.9 percent.</p><p><blockquote>道琼斯指数暴跌532.16点，跌幅1.48%，收于35365.44点；纳斯达克指数下跌10.72点，跌幅0.07%，收于15169.68点；标普500指数下跌48.03点，跌幅1.03%，收于4620.64点。本周，纳斯达克指数暴跌2.9%，道琼斯指数下跌1.7%，标准普尔指数下跌1.9%。</blockquote></p><p> The volatility on Wall Street came on a quadruple witching day, with stock options, index options, stock futures and index futures all expiring.</p><p><blockquote>华尔街的波动发生在四重魔法日，股票期权、指数期权、股票期货和指数期货都到期了。</blockquote></p><p> Concerns about the impact of the Omicron variant of the&nbsp;coronavirus&nbsp;also weighed on the markets along with worries about ongoing supply chain issues.</p><p><blockquote>对冠状病毒奥密克戎变种影响的担忧以及对持续供应链问题的担忧也给市场带来压力。</blockquote></p><p> Crude oil prices tumbled Friday on concerns for energy demand due to a rapid surge in Omicron variant of the coronavirus and reimposition of restrictions. West Texas Intermediate Crude oil futures for January sank $1.52 or 2.1 percent at $70.86 a barrel. WTI crude futures shed 1.1 percent in the week.</p><p><blockquote>由于冠状病毒奥密克戎变种迅速激增和重新实施限制，人们担心能源需求，原油价格周五暴跌。1月份西德克萨斯中质原油期货下跌1.52美元，跌幅2.1%，至每桶70.86美元。WTI原油期货本周下跌1.1%。</blockquote></p><p></p>","source":"lsy1626938412129","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>Singapore Stock Market May Give Up Support At 3,100 Points<blockquote>新加坡股市可能放弃3100点的支撑</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stock Market May Give Up Support At 3,100 Points<blockquote>新加坡股市可能放弃3100点的支撑</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">RTTNews</strong><span class=\"h-time small\">2021-12-20 08:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had fallen more than 20 points or 0.7 percent. The Straits Times Index now sits just above the 3,110-point plateau and it may take further damage again on Monday.</p><p><blockquote>自连续两天下跌超过20点或0.7%以来，新加坡股市在过去四个交易日中交替出现正面和负面收盘。海峡时报指数目前位于 3,110 点平台上方，周一可能会再次遭受进一步损害。</blockquote></p><p> The global forecast for the Asian&nbsp;markets&nbsp;is soft on omicron coronavirus concerns and sinking oil prices. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference.</p><p><blockquote>由于奥密克戎冠状病毒的担忧和油价下跌，亚洲市场的全球预测疲软。欧洲市场涨跌互现，美国股市下跌，亚洲市场平分秋色。</blockquote></p><p> The STI finished modestly lower on Friday following losses from the industrials and properties, while the financials came in mixed.</p><p><blockquote>受工业和房地产股下跌影响，STI 周五小幅收低，而金融股涨跌互现。</blockquote></p><p> For the day, the index lost 17.17 points or 0.55 percent to finish at the daily low of 3,111.63 after peaking at 3,134.99. Volume was 1.2 billion shares worth 1.5 billion Singapore dollars. There were 280 decliners and 188 gainers.</p><p><blockquote>当天，该指数下跌 17.17 点或 0.55%，在触及 3,134.99 点的峰值后，收于 3,111.63 点的日低点。成交量为12亿股，价值15亿新加坡元。下跌者280人，上涨者188人。</blockquote></p><p> Among the actives, CapitaLand Integrated Commercial Trust and Mapletree Commercial Trust both slumped 0.50 percent, while City Developments tanked 1.45 percent, Comfort DelGro lost 0.72 percent, Dairy Farm International slid 0.36 percent, DBS Group collected 0.34 percent, Genting Singapore fell 0.65 percent, Hongkong Land plummeted 2.07 percent, Keppel Corp and Venture Corporation both sank 0.97 percent, Mapletree Logistics Trust weakened 0.53 percent, Oversea-Chinese Banking Corporation eased 0.09 percent, SATS skidded 1.03 percent, SembCorp Industries plunged 1.49 percent, Singapore Airlines dropped 0.81 percent, Singapore Exchange tumbled 1.39 percent, Singapore Press Holdings added 0.43 percent, Singapore Technologies Engineering retreated 1.06 percent, SingTel stumbled 0.63 percent, Thai Beverage shed 0.75 percent, United Overseas Bank dipped 0.30 percent, Wilmar International declined 1.21 percent and Yangzijiang Shipbuilding and Ascendas REIT were unchanged.</p><p><blockquote>资产中，凯德综合商业信托和丰树商业信托均下跌 0.50%，城市发展下跌 1.45%，康德高下跌 0.72%，奶场国际下跌 0.36%，星展集团上涨 0.34%，云顶新加坡下跌 0.65%，香港置地暴跌 2.07%，吉宝公司和创业公司均下跌 0.97%，丰树物流信托疲软 0.53%，华侨银行下跌 0.09%，SATS 下跌 1.03%，胜科工业下跌 1.49%，新加坡航空公司下跌 0.81%，新加坡交易所下跌 1.39%，新加坡报业控股上涨 0.43%，新加坡科技工程下跌 1.06%，新加坡电信下跌 0.63%，泰国饮料下跌 0.75%</blockquote></p><p> The lead from Wall Street is negative as the major averages opened lower on a volatile Friday. The NASDAQ peeked briefly into the green but the markets all still finished in the red.</p><p><blockquote>华尔街的领先优势是负面的，因为主要股指在动荡的周五开盘走低。纳斯达克短暂地出现了绿色，但市场仍然全部以红色收盘。</blockquote></p><p> The Dow plunged 532.16 points or 1.48 percent to finish at 35,365.44, while the NASDAQ dipped 10.72 points or 0.07 percent to close at 15,169.68 and the S&amp;P 500 sank 48.03 points or 1.03 percent to end at 4,620.64. For the week, the NASDAQ plunged 2.9 percent, the Dow lost 1.7 percent and the S&amp;P was down 1.9 percent.</p><p><blockquote>道琼斯指数暴跌532.16点，跌幅1.48%，收于35365.44点；纳斯达克指数下跌10.72点，跌幅0.07%，收于15169.68点；标普500指数下跌48.03点，跌幅1.03%，收于4620.64点。本周，纳斯达克指数暴跌2.9%，道琼斯指数下跌1.7%，标准普尔指数下跌1.9%。</blockquote></p><p> The volatility on Wall Street came on a quadruple witching day, with stock options, index options, stock futures and index futures all expiring.</p><p><blockquote>华尔街的波动发生在四重魔法日，股票期权、指数期权、股票期货和指数期货都到期了。</blockquote></p><p> Concerns about the impact of the Omicron variant of the&nbsp;coronavirus&nbsp;also weighed on the markets along with worries about ongoing supply chain issues.</p><p><blockquote>对冠状病毒奥密克戎变种影响的担忧以及对持续供应链问题的担忧也给市场带来压力。</blockquote></p><p> Crude oil prices tumbled Friday on concerns for energy demand due to a rapid surge in Omicron variant of the coronavirus and reimposition of restrictions. West Texas Intermediate Crude oil futures for January sank $1.52 or 2.1 percent at $70.86 a barrel. WTI crude futures shed 1.1 percent in the week.</p><p><blockquote>由于冠状病毒奥密克戎变种迅速激增和重新实施限制，人们担心能源需求，原油价格周五暴跌。1月份西德克萨斯中质原油期货下跌1.52美元，跌幅2.1%，至每桶70.86美元。WTI原油期货本周下跌1.1%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.rttnews.com/3250329/singapore-stock-market-may-give-up-support-at-3100-points.aspx\">RTTNews</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3250329/singapore-stock-market-may-give-up-support-at-3100-points.aspx","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154958924","content_text":"The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had fallen more than 20 points or 0.7 percent. The Straits Times Index now sits just above the 3,110-point plateau and it may take further damage again on Monday.\nThe global forecast for the Asian markets is soft on omicron coronavirus concerns and sinking oil prices. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference.\nThe STI finished modestly lower on Friday following losses from the industrials and properties, while the financials came in mixed.\nFor the day, the index lost 17.17 points or 0.55 percent to finish at the daily low of 3,111.63 after peaking at 3,134.99. Volume was 1.2 billion shares worth 1.5 billion Singapore dollars. There were 280 decliners and 188 gainers.\nAmong the actives, CapitaLand Integrated Commercial Trust and Mapletree Commercial Trust both slumped 0.50 percent, while City Developments tanked 1.45 percent, Comfort DelGro lost 0.72 percent, Dairy Farm International slid 0.36 percent, DBS Group collected 0.34 percent, Genting Singapore fell 0.65 percent, Hongkong Land plummeted 2.07 percent, Keppel Corp and Venture Corporation both sank 0.97 percent, Mapletree Logistics Trust weakened 0.53 percent, Oversea-Chinese Banking Corporation eased 0.09 percent, SATS skidded 1.03 percent, SembCorp Industries plunged 1.49 percent, Singapore Airlines dropped 0.81 percent, Singapore Exchange tumbled 1.39 percent, Singapore Press Holdings added 0.43 percent, Singapore Technologies Engineering retreated 1.06 percent, SingTel stumbled 0.63 percent, Thai Beverage shed 0.75 percent, United Overseas Bank dipped 0.30 percent, Wilmar International declined 1.21 percent and Yangzijiang Shipbuilding and Ascendas REIT were unchanged.\nThe lead from Wall Street is negative as the major averages opened lower on a volatile Friday. The NASDAQ peeked briefly into the green but the markets all still finished in the red.\nThe Dow plunged 532.16 points or 1.48 percent to finish at 35,365.44, while the NASDAQ dipped 10.72 points or 0.07 percent to close at 15,169.68 and the S&P 500 sank 48.03 points or 1.03 percent to end at 4,620.64. For the week, the NASDAQ plunged 2.9 percent, the Dow lost 1.7 percent and the S&P was down 1.9 percent.\nThe volatility on Wall Street came on a quadruple witching day, with stock options, index options, stock futures and index futures all expiring.\nConcerns about the impact of the Omicron variant of the coronavirus also weighed on the markets along with worries about ongoing supply chain issues.\nCrude oil prices tumbled Friday on concerns for energy demand due to a rapid surge in Omicron variant of the coronavirus and reimposition of restrictions. West Texas Intermediate Crude oil futures for January sank $1.52 or 2.1 percent at $70.86 a barrel. WTI crude futures shed 1.1 percent in the week.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":3548,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601254074,"gmtCreate":1638538714289,"gmtModify":1638538714289,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601254074","repostId":"1164605320","repostType":4,"repost":{"id":"1164605320","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638538539,"share":"https://www.laohunote.com/m/news/1164605320?lang=zh_CN&edition=full","pubTime":"2021-12-03 21:35","market":"us","language":"en","title":"Toplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164605320","media":"Tiger Newspress","summary":"U.S. stock index futures gains as headline number for jobs report comes in lighter than expected.At 8:34 a.m. ET, Dow e-minis were up 121 points, or 0.35%, S&P 500 e-minis were up 20.5 points, or 0.45%, and Nasdaq 100 e-minis were up 103.25 points, or 0.65%.The U.S. economy created far fewer jobs than expected in November, before a new Covid threat created a scare that growth could slow into the winter, the Labor Department reported Friday.Nonfarm payrolls increased by just 210,000 for the month","content":"<p>U.S. stock index futures gains as headline number for jobs report comes in lighter than expected.</p><p><blockquote>由于就业报告总体数据低于预期，美国股指期货上涨。</blockquote></p><p> At 8:34 a.m. ET, Dow e-minis were up 121 points, or 0.35%, S&amp;P 500 e-minis were up 20.5 points, or 0.45%, and Nasdaq 100 e-minis were up 103.25 points, or 0.65%.</p><p><blockquote>美国东部时间上午 8:34，道琼斯电子迷你指数上涨 121 点，涨幅 0.35%，标普500电子迷你指数上涨 20.5 点，涨幅 0.45%，纳斯达克 100 电子迷你指数上涨 103.25 点，涨幅 0.65%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/20c2b6513372a62312316352a7b69eeb\" tg-width=\"404\" tg-height=\"183\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The U.S. economy created far fewer jobs than expected in November, before a new Covid threat created a scare that growth could slow into the winter, the Labor Department reported Friday.</p><p><blockquote>美国劳工部周五报告称，11 月份美国经济创造的就业岗位远低于预期，随后新的新冠疫情威胁引发了人们对经济增长可能放缓到冬季的担忧。</blockquote></p><p> Nonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2% from 4.6%, even though the labor force participation rate increased for the month to 61.8%, its highest level since March 2020.</p><p><blockquote>本月非农就业人数仅增加21万人，尽管失业率从4.6%大幅下降至4.2%，尽管本月劳动力参与率升至61.8%，为2020年3月以来的最高水平。</blockquote></p><p> The Dow Jones estimate was for 573,000 new jobs and a jobless level of 4.5%.</p><p><blockquote>道琼斯预计新增就业岗位573,000个，失业率为4.5%。</blockquote></p><p> <b>Stocks making the biggest moves before the bell:</b></p><p><blockquote><b>盘前波动最大的股票：</b></blockquote></p><p> <b>DocuSign(DOCU) </b>- The software stock sank 32% after its&nbsp;fourth-quarter sales guidance came in at a range of $557 million to $563 million. Analysts surveyed by Refinitiv were expecting $573.8 million.</p><p><blockquote><b>文档签名（文档）</b>- 该软件股第四季度销售指引在 5.57 亿美元至 5.63 亿美元之间后下跌 32%。路孚特调查的分析师预计为 5.738 亿美元。</blockquote></p><p> <b>Didi Global(DIDI) </b>- Shares of the Chinese ride-hailing firm&nbsp;dropped 10% in premarket trading&nbsp;after Didi announced that it would delist from the New York Stock Exchange and pursue a listing in Hong Kong.</p><p><blockquote><b>滴滴全球（DIDI）</b>- 滴滴宣布将从纽约证券交易所退市并寻求在香港上市后，这家中国网约车公司的股价在盘前交易中下跌了 10%。</blockquote></p><p> <b>Peloton(PTON)</b> - The exercise equipment stock gained 3.7% before the bell following an&nbsp;initiation at buy from Deutsche Bank. The investment firm said that Peloton’s upside now outweighed its risks after a rough stretch for the stock.</p><p><blockquote><b>排(PTON)</b>- 德意志银行开始买入后，健身器材股盘前上涨 3.7%。该投资公司表示，在经历了一段艰难时期后，Peloton 的上涨空间现在大于风险。</blockquote></p><p> <b>Moderna(MRNA) </b>- The volatile shares of the vaccine maker jumped 5.8% as the&nbsp;Wall Street Journal&nbsp;reported that the Food and Drug Administration is working toward a quick review process for updated Covid shots.</p><p><blockquote><b>现代（MRNA）</b>- 据《华尔街日报》报道，美国食品和药物管理局正在努力对更新的新冠疫苗进行快速审查，导致该疫苗制造商波动较大的股价上涨 5.8%。</blockquote></p><p> <b>Ulta Beauty(ULTA)</b> - The cosmetics retailer’s stock rose more than 5% after a stronger-than-expected third-quarter report. Ulta earned $3.93 per share on $2 billion in revenue during the quarter. Analysts surveyed by Refinitiv had expected $2.46 per share and $1.88 billion in revenue.</p><p><blockquote><b>Ulta Beauty（Ulta）</b>- 这家化妆品零售商的第三季度报告强于预期，其股价上涨超过 5%。Ulta 本季度每股收益 3.93 美元，营收为 20 亿美元。路孚特调查的分析师此前预计每股收益为 2.46 美元，营收为 18.8 亿美元。</blockquote></p><p> <b>Marvell Technology(MRVL)</b> - Shares of the chipmaker jumped 22% in premarket trading after Marvell beat estimates on the top and bottom lines for the third quarter. Marvell reported adjusted earnings of 43 cents per share on $1.21 billion of revenue. Analysts surveyed by Refinitiv were looking for 39 cents per share and $1.15 billion.</p><p><blockquote><b>马维尔科技(MRVL)</b>- 在 Marvell 第三季度营收和利润超出预期后，这家芯片制造商的股价在盘前交易中上涨了 22%。Marvell 公布调整后每股收益为 43 美分，营收为 12.1 亿美元。路孚特调查的分析师预计每股收益为 39 美分，市值为 11.5 亿美元。</blockquote></p><p> <b>Ollie's Bargain Outlet(OLLI) </b>- The discount retail chain's stock dropped 22.8% after Ollie's said supply chain issues led to a disappointing third-quarter report. The company missed estimates for earnings, revenue and comparable sales.</p><p><blockquote><b>奥利特价折扣店（奥利）</b>- Ollie's 表示供应链问题导致第三季度报告令人失望后，这家折扣零售连锁店的股价下跌了 22.8%。该公司未达到盈利、收入和可比销售额的预期。</blockquote></p><p> <b>Big Lots(BIG)</b> - The retail stock dipped 2.5% despite Big Lots reporting a narrower-than-expected loss per share for the third quarter. The company said that freight costs would make its full-year margins decline.</p><p><blockquote><b>大批量（大）</b>- 尽管 Big Lots 报告第三季度每股亏损小于预期，但零售股仍下跌 2.5%。该公司表示，货运成本将导致其全年利润率下降。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-03 21:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock index futures gains as headline number for jobs report comes in lighter than expected.</p><p><blockquote>由于就业报告总体数据低于预期，美国股指期货上涨。</blockquote></p><p> At 8:34 a.m. ET, Dow e-minis were up 121 points, or 0.35%, S&amp;P 500 e-minis were up 20.5 points, or 0.45%, and Nasdaq 100 e-minis were up 103.25 points, or 0.65%.</p><p><blockquote>美国东部时间上午 8:34，道琼斯电子迷你指数上涨 121 点，涨幅 0.35%，标普500电子迷你指数上涨 20.5 点，涨幅 0.45%，纳斯达克 100 电子迷你指数上涨 103.25 点，涨幅 0.65%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/20c2b6513372a62312316352a7b69eeb\" tg-width=\"404\" tg-height=\"183\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The U.S. economy created far fewer jobs than expected in November, before a new Covid threat created a scare that growth could slow into the winter, the Labor Department reported Friday.</p><p><blockquote>美国劳工部周五报告称，11 月份美国经济创造的就业岗位远低于预期，随后新的新冠疫情威胁引发了人们对经济增长可能放缓到冬季的担忧。</blockquote></p><p> Nonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2% from 4.6%, even though the labor force participation rate increased for the month to 61.8%, its highest level since March 2020.</p><p><blockquote>本月非农就业人数仅增加21万人，尽管失业率从4.6%大幅下降至4.2%，尽管本月劳动力参与率升至61.8%，为2020年3月以来的最高水平。</blockquote></p><p> The Dow Jones estimate was for 573,000 new jobs and a jobless level of 4.5%.</p><p><blockquote>道琼斯预计新增就业岗位573,000个，失业率为4.5%。</blockquote></p><p> <b>Stocks making the biggest moves before the bell:</b></p><p><blockquote><b>盘前波动最大的股票：</b></blockquote></p><p> <b>DocuSign(DOCU) </b>- The software stock sank 32% after its&nbsp;fourth-quarter sales guidance came in at a range of $557 million to $563 million. Analysts surveyed by Refinitiv were expecting $573.8 million.</p><p><blockquote><b>文档签名（文档）</b>- 该软件股第四季度销售指引在 5.57 亿美元至 5.63 亿美元之间后下跌 32%。路孚特调查的分析师预计为 5.738 亿美元。</blockquote></p><p> <b>Didi Global(DIDI) </b>- Shares of the Chinese ride-hailing firm&nbsp;dropped 10% in premarket trading&nbsp;after Didi announced that it would delist from the New York Stock Exchange and pursue a listing in Hong Kong.</p><p><blockquote><b>滴滴全球（DIDI）</b>- 滴滴宣布将从纽约证券交易所退市并寻求在香港上市后，这家中国网约车公司的股价在盘前交易中下跌了 10%。</blockquote></p><p> <b>Peloton(PTON)</b> - The exercise equipment stock gained 3.7% before the bell following an&nbsp;initiation at buy from Deutsche Bank. The investment firm said that Peloton’s upside now outweighed its risks after a rough stretch for the stock.</p><p><blockquote><b>排(PTON)</b>- 德意志银行开始买入后，健身器材股盘前上涨 3.7%。该投资公司表示，在经历了一段艰难时期后，Peloton 的上涨空间现在大于风险。</blockquote></p><p> <b>Moderna(MRNA) </b>- The volatile shares of the vaccine maker jumped 5.8% as the&nbsp;Wall Street Journal&nbsp;reported that the Food and Drug Administration is working toward a quick review process for updated Covid shots.</p><p><blockquote><b>现代（MRNA）</b>- 据《华尔街日报》报道，美国食品和药物管理局正在努力对更新的新冠疫苗进行快速审查，导致该疫苗制造商波动较大的股价上涨 5.8%。</blockquote></p><p> <b>Ulta Beauty(ULTA)</b> - The cosmetics retailer’s stock rose more than 5% after a stronger-than-expected third-quarter report. Ulta earned $3.93 per share on $2 billion in revenue during the quarter. Analysts surveyed by Refinitiv had expected $2.46 per share and $1.88 billion in revenue.</p><p><blockquote><b>Ulta Beauty（Ulta）</b>- 这家化妆品零售商的第三季度报告强于预期，其股价上涨超过 5%。Ulta 本季度每股收益 3.93 美元，营收为 20 亿美元。路孚特调查的分析师此前预计每股收益为 2.46 美元，营收为 18.8 亿美元。</blockquote></p><p> <b>Marvell Technology(MRVL)</b> - Shares of the chipmaker jumped 22% in premarket trading after Marvell beat estimates on the top and bottom lines for the third quarter. Marvell reported adjusted earnings of 43 cents per share on $1.21 billion of revenue. Analysts surveyed by Refinitiv were looking for 39 cents per share and $1.15 billion.</p><p><blockquote><b>马维尔科技(MRVL)</b>- 在 Marvell 第三季度营收和利润超出预期后，这家芯片制造商的股价在盘前交易中上涨了 22%。Marvell 公布调整后每股收益为 43 美分，营收为 12.1 亿美元。路孚特调查的分析师预计每股收益为 39 美分，市值为 11.5 亿美元。</blockquote></p><p> <b>Ollie's Bargain Outlet(OLLI) </b>- The discount retail chain's stock dropped 22.8% after Ollie's said supply chain issues led to a disappointing third-quarter report. The company missed estimates for earnings, revenue and comparable sales.</p><p><blockquote><b>奥利特价折扣店（奥利）</b>- Ollie's 表示供应链问题导致第三季度报告令人失望后，这家折扣零售连锁店的股价下跌了 22.8%。该公司未达到盈利、收入和可比销售额的预期。</blockquote></p><p> <b>Big Lots(BIG)</b> - The retail stock dipped 2.5% despite Big Lots reporting a narrower-than-expected loss per share for the third quarter. The company said that freight costs would make its full-year margins decline.</p><p><blockquote><b>大批量（大）</b>- 尽管 Big Lots 报告第三季度每股亏损小于预期，但零售股仍下跌 2.5%。该公司表示，货运成本将导致其全年利润率下降。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","MRVL":"迈威尔科技","DOCU":"Docusign",".SPX":"S&P 500 Index","DIDI":"滴滴(已退市)","OLLI":"Ollie's Bargain Outlet Holdings, Inc.",".DJI":"道琼斯","PTON":"Peloton Interactive, Inc.","ULTA":"Ulta美容",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164605320","content_text":"U.S. stock index futures gains as headline number for jobs report comes in lighter than expected.\nAt 8:34 a.m. ET, Dow e-minis were up 121 points, or 0.35%, S&P 500 e-minis were up 20.5 points, or 0.45%, and Nasdaq 100 e-minis were up 103.25 points, or 0.65%.\n\nThe U.S. economy created far fewer jobs than expected in November, before a new Covid threat created a scare that growth could slow into the winter, the Labor Department reported Friday.\nNonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2% from 4.6%, even though the labor force participation rate increased for the month to 61.8%, its highest level since March 2020.\nThe Dow Jones estimate was for 573,000 new jobs and a jobless level of 4.5%.\nStocks making the biggest moves before the bell:\nDocuSign(DOCU) - The software stock sank 32% after its fourth-quarter sales guidance came in at a range of $557 million to $563 million. Analysts surveyed by Refinitiv were expecting $573.8 million.\nDidi Global(DIDI) - Shares of the Chinese ride-hailing firm dropped 10% in premarket trading after Didi announced that it would delist from the New York Stock Exchange and pursue a listing in Hong Kong.\nPeloton(PTON) - The exercise equipment stock gained 3.7% before the bell following an initiation at buy from Deutsche Bank. The investment firm said that Peloton’s upside now outweighed its risks after a rough stretch for the stock.\nModerna(MRNA) - The volatile shares of the vaccine maker jumped 5.8% as the Wall Street Journal reported that the Food and Drug Administration is working toward a quick review process for updated Covid shots.\nUlta Beauty(ULTA) - The cosmetics retailer’s stock rose more than 5% after a stronger-than-expected third-quarter report. Ulta earned $3.93 per share on $2 billion in revenue during the quarter. Analysts surveyed by Refinitiv had expected $2.46 per share and $1.88 billion in revenue.\nMarvell Technology(MRVL) - Shares of the chipmaker jumped 22% in premarket trading after Marvell beat estimates on the top and bottom lines for the third quarter. Marvell reported adjusted earnings of 43 cents per share on $1.21 billion of revenue. Analysts surveyed by Refinitiv were looking for 39 cents per share and $1.15 billion.\nOllie's Bargain Outlet(OLLI) - The discount retail chain's stock dropped 22.8% after Ollie's said supply chain issues led to a disappointing third-quarter report. The company missed estimates for earnings, revenue and comparable sales.\nBig Lots(BIG) - The retail stock dipped 2.5% despite Big Lots reporting a narrower-than-expected loss per share for the third quarter. The company said that freight costs would make its full-year margins decline.","news_type":1,"symbols_score_info":{"ESmain":0.9,"BIG":0.9,"MRNA":0.9,".IXIC":0.9,"NQmain":0.9,"OLLI":0.9,"MRVL":0.9,"YMmain":0.9,"DOCU":0.9,".SPX":0.9,".DJI":0.9,"DIDI":0.9,"ULTA":0.9,"PTON":0.9}},"isVote":1,"tweetType":1,"viewCount":5105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603388163,"gmtCreate":1638366440812,"gmtModify":1638532577113,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"How can complete post trending ?","listText":"How can complete post trending ?","text":"How can complete post trending ?","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/603388163","isVote":1,"tweetType":1,"viewCount":4667,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3566385558470298","authorId":"3566385558470298","name":"Venus_M","avatar":"https://static.tigerbbs.com/525433622d774840840ddaacaf2281d2","crmLevel":11,"crmLevelSwitch":0,"idStr":"3566385558470298","authorIdStr":"3566385558470298"},"content":"if you have 10 chats in a post then u will have it complete","text":"if you have 10 chats in a post then u will have it complete","html":"if you have 10 chats in a post then u will have it complete"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":844647563,"gmtCreate":1636425600099,"gmtModify":1636425600214,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Rubbish share","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Rubbish share","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Rubbish share","images":[{"img":"https://static.tigerbbs.com/3435fae155a40aa80c20b97681ba483a","width":"1125","height":"2527"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/844647563","isVote":1,"tweetType":1,"viewCount":1079,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":874417311,"gmtCreate":1637810624332,"gmtModify":1637810624332,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>up","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>up","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$up","images":[{"img":"https://static.tigerbbs.com/6029bf57c3fcbb8be7dcd9177798cfc2","width":"1125","height":"2316"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874417311","isVote":1,"tweetType":1,"viewCount":4146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":876024373,"gmtCreate":1637246156709,"gmtModify":1637246156709,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876024373","repostId":"1140578715","repostType":4,"repost":{"id":"1140578715","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637246010,"share":"https://www.laohunote.com/m/news/1140578715?lang=zh_CN&edition=full","pubTime":"2021-11-18 22:33","market":"us","language":"en","title":"S&P 500 rises slightly led by tech shares as Nvidia soars<blockquote>英伟达股价飙升，科技股带动标普500小幅上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1140578715","media":"Tiger Newspress","summary":"The S&P 500 and the Nasdaq indexes opened higher on Thursday as chipmaker Nvidia rallied on robust t","content":"<p>The S&amp;P 500 and the Nasdaq indexes opened higher on Thursday as chipmaker Nvidia rallied on robust third-quarter results, while a fresh batch of positive retail earnings indicated strength in consumer spending against the backdrop of rising inflation.</p><p><blockquote>标普500和纳斯达克指数周四开盘走高，芯片制造商英伟达因强劲的第三季度业绩而反弹，而新一批积极的零售收益表明在通胀上升的背景下消费者支出强劲。</blockquote></p><p> The Dow Jones Industrial Average(.DJI)fell 29.36 points, or 0.08%, at the open to 35,901.69.</p><p><blockquote>道琼斯工业平均指数(.DJI)开盘下跌29.36点，跌幅0.08%，至35,901.69点。</blockquote></p><p> The S&amp;P 500(.SPX)opened higher by 12.05 points, or 0.26%, at 4,700.72, while the Nasdaq Composite(.IXIC)gained 51.82 points, or 0.33%, to 15,973.40 at the opening bell.</p><p><blockquote>标普500 (.SPX) 开盘上涨 12.05 点，涨幅 0.26%，至 4,700.72 点；纳斯达克综合指数 (.IXIC) 开盘上涨 51.82 点，涨幅 0.33%，至 15,973.40 点。</blockquote></p><p> Nvidia&nbsp;shares popped more than 8% afterbeating on the top and bottom linesof its quarterly results and issued a bullish revenue forecast for the current quarter ending in January. The chipmaker reporter a 55% gain in data center sales from the same period a year ago and its biggest market, gaming, reported a 42% sales increase.</p><p><blockquote>英伟达 (Nvidia) 在季度业绩的顶线和底线上涨后，股价飙升超过 8%，并发布了截至 1 月份的当前季度的乐观收入预测。这家芯片制造商报告称，数据中心销售额比去年同期增长了 55%，其最大的市场游戏销售额增长了 42%。</blockquote></p><p> Those gains helped lift other chip stocks trading. Advanced Micro Devices gained nearly 3%. Skyworks and Micron Technology added more than 1%. Separately, GlobalFoundries jumped more than 8% after revealing itentered a partnership with Fordto help the automaker increase its chip supply.</p><p><blockquote>这些涨幅帮助提振了其他芯片股的交易。Advanced Micro Devices上涨近3%。Skyworks 和美光科技上涨超过 1%。另外，GlobalFoundries 在透露已与福特建立合作伙伴关系以帮助该汽车制造商增加芯片供应后，股价上涨超过 8%。</blockquote></p><p> Retail continued its big earnings week. Shares of Macy’s and Kohl’s kicked the day off jumping 15% and 8%, respectively. Both companies smashed quarterly profit and revenue estimates, much like its peers who reported earlier in the week. Most have reported same-store sales gains from the previous year and investors are optimistic going into the holiday shopping season.</p><p><blockquote>零售业继续其强劲的财报周。梅西百货（Macy's）和科尔百货（Kohl’s）的股价当天分别大涨 15% 和 8%。两家公司都超出了季度利润和收入预期，就像本周早些时候公布的同行一样。大多数商店的同店销售额较上一年有所增长，投资者对假日购物季持乐观态度。</blockquote></p><p> Retail stocks broadly traded higher on Thursday, and the SPDR S&amp;P Retail ETF gained 1.5%.</p><p><blockquote>周四零售股普遍走高，SPDR S&amp;P 零售 ETF 上涨 1.5%。</blockquote></p><p> Elsewhere, Deere saw its shares rise more than 2% after it came to a resolution with workers who had been on strike since Oct. 14.</p><p><blockquote>在其他地方，Deere与自 10 月 14 日以来一直罢工的工人达成解决方案后，其股价上涨了 2% 以上。</blockquote></p><p> Dow component Boeing also saw its shares rise another almost 2% following an upgrade from JPMorgan, which said the aerospace giant has significant upside as it clears up several issues that have dogged the company.</p><p><blockquote>在摩根大通上调评级后，道琼斯指数成分股波音公司的股价也上涨了近 2%，摩根大通表示，这家航空航天巨头在解决困扰该公司的几个问题时具有巨大的上涨空间。</blockquote></p><p> Going in the other direction, Cisco Systems fell 7% due toweaker revenue guidance and a revenue miss. Kraft Heinz shares also dropped more than 3% after the company announced a secondary offering of common stock.</p><p><blockquote>另一方面，由于更弱的收入指引和收入低于预期，思科系统公司股价下跌 7%。在卡夫亨氏宣布二次发行普通股后，该公司股价也下跌超过 3%。</blockquote></p><p> Initial filings for unemployment insurance fell slightly to 268,000 for the week ending Nov. 13, the Labor Department reported Thursday. That was the lowest level since March 2020, and the seventh straight weekly decline. Economists polled by Dow Jones expected them to have fallen to 260,000, compared to the previous week’s adjusted 269,000 claims.</p><p><blockquote>美国劳工部周四报告称，截至 11 月 13 日当周，首次申请失业保险人数略有下降至 268,000 人。这是自2020年3月以来的最低水平，也是连续第七周下降。道琼斯调查的经济学家预计，与前一周调整后的 26.9 万人申请人数相比，将降至 26 万人。</blockquote></p><p> On&nbsp;Wednesday, the Dow Jones Industrial Average lost 211 points, dragged down by a 4.7% loss in Visa shares. The S&amp;P 500 dipped 0.26%. The Nasdaq Composite ticked 0.33% lower, despite most mega-cap technology companies closing in the green.</p><p><blockquote>周三，受 Visa 股价下跌 4.7% 的拖累，道琼斯工业平均指数下跌 211 点。标普500下跌0.26%。尽管大多数大型科技公司收盘上涨，但纳斯达克综合指数仍下跌 0.33%。</blockquote></p><p> The small-cap benchmark Russell 2000 was the relative underperformer on Wednesday, dropping 1.2%.</p><p><blockquote>小盘股基准罗素 2000 指数周三表现相对较差，下跌 1.2%。</blockquote></p><p> “Recent economic reports remain strong, but today’s stock market action highlights that it is already discounting another Covid cycle,” said Jim Paulsen, chief investment strategist for Leuthold Group.</p><p><blockquote>“Leuthold Group 首席投资策略师吉姆-保尔森（Jim Paulsen）说：”最近的经济报告依然强劲，但今天的股市走势凸显了股市已经在为另一个 Covid 周期打折扣。</blockquote></p><p> “Concerns about Covid also caused the 10-year bond yield to decline for the first time in 6 days and kept downward pressure on commodity prices including another sizable drop in crude oil prices. If inflation keeps rising while another Covid surge again stalls real economic activity, we may find out how the stock market handles a pseudo-stagflationary episode,” he added.</p><p><blockquote>“对 Covid 的担忧也导致 10 年期国债收益率在 6 天内首次下降，并对大宗商品价格造成持续下行压力，包括原油价格再次大幅下跌。如果通胀持续上升，而 Covid 的再次激增再次阻碍实体经济活动，我们可能会发现股市是如何应对伪滞胀的，”他补充道。</blockquote></p><p> Investors await more retail earnings on Thursday withApplied MaterialsandPalo Alto Networksreporting after the bell.</p><p><blockquote>投资者正在等待周四 Applied Materialsand Palo Alto Networks 盘后公布更多零售收益。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 rises slightly led by tech shares as Nvidia soars<blockquote>英伟达股价飙升，科技股带动标普500小幅上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 rises slightly led by tech shares as Nvidia soars<blockquote>英伟达股价飙升，科技股带动标普500小幅上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-18 22:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The S&amp;P 500 and the Nasdaq indexes opened higher on Thursday as chipmaker Nvidia rallied on robust third-quarter results, while a fresh batch of positive retail earnings indicated strength in consumer spending against the backdrop of rising inflation.</p><p><blockquote>标普500和纳斯达克指数周四开盘走高，芯片制造商英伟达因强劲的第三季度业绩而反弹，而新一批积极的零售收益表明在通胀上升的背景下消费者支出强劲。</blockquote></p><p> The Dow Jones Industrial Average(.DJI)fell 29.36 points, or 0.08%, at the open to 35,901.69.</p><p><blockquote>道琼斯工业平均指数(.DJI)开盘下跌29.36点，跌幅0.08%，至35,901.69点。</blockquote></p><p> The S&amp;P 500(.SPX)opened higher by 12.05 points, or 0.26%, at 4,700.72, while the Nasdaq Composite(.IXIC)gained 51.82 points, or 0.33%, to 15,973.40 at the opening bell.</p><p><blockquote>标普500 (.SPX) 开盘上涨 12.05 点，涨幅 0.26%，至 4,700.72 点；纳斯达克综合指数 (.IXIC) 开盘上涨 51.82 点，涨幅 0.33%，至 15,973.40 点。</blockquote></p><p> Nvidia&nbsp;shares popped more than 8% afterbeating on the top and bottom linesof its quarterly results and issued a bullish revenue forecast for the current quarter ending in January. The chipmaker reporter a 55% gain in data center sales from the same period a year ago and its biggest market, gaming, reported a 42% sales increase.</p><p><blockquote>英伟达 (Nvidia) 在季度业绩的顶线和底线上涨后，股价飙升超过 8%，并发布了截至 1 月份的当前季度的乐观收入预测。这家芯片制造商报告称，数据中心销售额比去年同期增长了 55%，其最大的市场游戏销售额增长了 42%。</blockquote></p><p> Those gains helped lift other chip stocks trading. Advanced Micro Devices gained nearly 3%. Skyworks and Micron Technology added more than 1%. Separately, GlobalFoundries jumped more than 8% after revealing itentered a partnership with Fordto help the automaker increase its chip supply.</p><p><blockquote>这些涨幅帮助提振了其他芯片股的交易。Advanced Micro Devices上涨近3%。Skyworks 和美光科技上涨超过 1%。另外，GlobalFoundries 在透露已与福特建立合作伙伴关系以帮助该汽车制造商增加芯片供应后，股价上涨超过 8%。</blockquote></p><p> Retail continued its big earnings week. Shares of Macy’s and Kohl’s kicked the day off jumping 15% and 8%, respectively. Both companies smashed quarterly profit and revenue estimates, much like its peers who reported earlier in the week. Most have reported same-store sales gains from the previous year and investors are optimistic going into the holiday shopping season.</p><p><blockquote>零售业继续其强劲的财报周。梅西百货（Macy's）和科尔百货（Kohl’s）的股价当天分别大涨 15% 和 8%。两家公司都超出了季度利润和收入预期，就像本周早些时候公布的同行一样。大多数商店的同店销售额较上一年有所增长，投资者对假日购物季持乐观态度。</blockquote></p><p> Retail stocks broadly traded higher on Thursday, and the SPDR S&amp;P Retail ETF gained 1.5%.</p><p><blockquote>周四零售股普遍走高，SPDR S&amp;P 零售 ETF 上涨 1.5%。</blockquote></p><p> Elsewhere, Deere saw its shares rise more than 2% after it came to a resolution with workers who had been on strike since Oct. 14.</p><p><blockquote>在其他地方，Deere与自 10 月 14 日以来一直罢工的工人达成解决方案后，其股价上涨了 2% 以上。</blockquote></p><p> Dow component Boeing also saw its shares rise another almost 2% following an upgrade from JPMorgan, which said the aerospace giant has significant upside as it clears up several issues that have dogged the company.</p><p><blockquote>在摩根大通上调评级后，道琼斯指数成分股波音公司的股价也上涨了近 2%，摩根大通表示，这家航空航天巨头在解决困扰该公司的几个问题时具有巨大的上涨空间。</blockquote></p><p> Going in the other direction, Cisco Systems fell 7% due toweaker revenue guidance and a revenue miss. Kraft Heinz shares also dropped more than 3% after the company announced a secondary offering of common stock.</p><p><blockquote>另一方面，由于更弱的收入指引和收入低于预期，思科系统公司股价下跌 7%。在卡夫亨氏宣布二次发行普通股后，该公司股价也下跌超过 3%。</blockquote></p><p> Initial filings for unemployment insurance fell slightly to 268,000 for the week ending Nov. 13, the Labor Department reported Thursday. That was the lowest level since March 2020, and the seventh straight weekly decline. Economists polled by Dow Jones expected them to have fallen to 260,000, compared to the previous week’s adjusted 269,000 claims.</p><p><blockquote>美国劳工部周四报告称，截至 11 月 13 日当周，首次申请失业保险人数略有下降至 268,000 人。这是自2020年3月以来的最低水平，也是连续第七周下降。道琼斯调查的经济学家预计，与前一周调整后的 26.9 万人申请人数相比，将降至 26 万人。</blockquote></p><p> On&nbsp;Wednesday, the Dow Jones Industrial Average lost 211 points, dragged down by a 4.7% loss in Visa shares. The S&amp;P 500 dipped 0.26%. The Nasdaq Composite ticked 0.33% lower, despite most mega-cap technology companies closing in the green.</p><p><blockquote>周三，受 Visa 股价下跌 4.7% 的拖累，道琼斯工业平均指数下跌 211 点。标普500下跌0.26%。尽管大多数大型科技公司收盘上涨，但纳斯达克综合指数仍下跌 0.33%。</blockquote></p><p> The small-cap benchmark Russell 2000 was the relative underperformer on Wednesday, dropping 1.2%.</p><p><blockquote>小盘股基准罗素 2000 指数周三表现相对较差，下跌 1.2%。</blockquote></p><p> “Recent economic reports remain strong, but today’s stock market action highlights that it is already discounting another Covid cycle,” said Jim Paulsen, chief investment strategist for Leuthold Group.</p><p><blockquote>“Leuthold Group 首席投资策略师吉姆-保尔森（Jim Paulsen）说：”最近的经济报告依然强劲，但今天的股市走势凸显了股市已经在为另一个 Covid 周期打折扣。</blockquote></p><p> “Concerns about Covid also caused the 10-year bond yield to decline for the first time in 6 days and kept downward pressure on commodity prices including another sizable drop in crude oil prices. If inflation keeps rising while another Covid surge again stalls real economic activity, we may find out how the stock market handles a pseudo-stagflationary episode,” he added.</p><p><blockquote>“对 Covid 的担忧也导致 10 年期国债收益率在 6 天内首次下降，并对大宗商品价格造成持续下行压力，包括原油价格再次大幅下跌。如果通胀持续上升，而 Covid 的再次激增再次阻碍实体经济活动，我们可能会发现股市是如何应对伪滞胀的，”他补充道。</blockquote></p><p> Investors await more retail earnings on Thursday withApplied MaterialsandPalo Alto Networksreporting after the bell.</p><p><blockquote>投资者正在等待周四 Applied Materialsand Palo Alto Networks 盘后公布更多零售收益。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140578715","content_text":"The S&P 500 and the Nasdaq indexes opened higher on Thursday as chipmaker Nvidia rallied on robust third-quarter results, while a fresh batch of positive retail earnings indicated strength in consumer spending against the backdrop of rising inflation.\nThe Dow Jones Industrial Average(.DJI)fell 29.36 points, or 0.08%, at the open to 35,901.69.\nThe S&P 500(.SPX)opened higher by 12.05 points, or 0.26%, at 4,700.72, while the Nasdaq Composite(.IXIC)gained 51.82 points, or 0.33%, to 15,973.40 at the opening bell.\nNvidia shares popped more than 8% afterbeating on the top and bottom linesof its quarterly results and issued a bullish revenue forecast for the current quarter ending in January. The chipmaker reporter a 55% gain in data center sales from the same period a year ago and its biggest market, gaming, reported a 42% sales increase.\nThose gains helped lift other chip stocks trading. Advanced Micro Devices gained nearly 3%. Skyworks and Micron Technology added more than 1%. Separately, GlobalFoundries jumped more than 8% after revealing itentered a partnership with Fordto help the automaker increase its chip supply.\nRetail continued its big earnings week. Shares of Macy’s and Kohl’s kicked the day off jumping 15% and 8%, respectively. Both companies smashed quarterly profit and revenue estimates, much like its peers who reported earlier in the week. Most have reported same-store sales gains from the previous year and investors are optimistic going into the holiday shopping season.\nRetail stocks broadly traded higher on Thursday, and the SPDR S&P Retail ETF gained 1.5%.\nElsewhere, Deere saw its shares rise more than 2% after it came to a resolution with workers who had been on strike since Oct. 14.\nDow component Boeing also saw its shares rise another almost 2% following an upgrade from JPMorgan, which said the aerospace giant has significant upside as it clears up several issues that have dogged the company.\nGoing in the other direction, Cisco Systems fell 7% due toweaker revenue guidance and a revenue miss. Kraft Heinz shares also dropped more than 3% after the company announced a secondary offering of common stock.\nInitial filings for unemployment insurance fell slightly to 268,000 for the week ending Nov. 13, the Labor Department reported Thursday. That was the lowest level since March 2020, and the seventh straight weekly decline. Economists polled by Dow Jones expected them to have fallen to 260,000, compared to the previous week’s adjusted 269,000 claims.\nOn Wednesday, the Dow Jones Industrial Average lost 211 points, dragged down by a 4.7% loss in Visa shares. The S&P 500 dipped 0.26%. The Nasdaq Composite ticked 0.33% lower, despite most mega-cap technology companies closing in the green.\nThe small-cap benchmark Russell 2000 was the relative underperformer on Wednesday, dropping 1.2%.\n“Recent economic reports remain strong, but today’s stock market action highlights that it is already discounting another Covid cycle,” said Jim Paulsen, chief investment strategist for Leuthold Group.\n“Concerns about Covid also caused the 10-year bond yield to decline for the first time in 6 days and kept downward pressure on commodity prices including another sizable drop in crude oil prices. If inflation keeps rising while another Covid surge again stalls real economic activity, we may find out how the stock market handles a pseudo-stagflationary episode,” he added.\nInvestors await more retail earnings on Thursday withApplied MaterialsandPalo Alto Networksreporting after the bell.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1774,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607871437,"gmtCreate":1639528942805,"gmtModify":1639528942885,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607871437","repostId":"2191329909","repostType":4,"isVote":1,"tweetType":1,"viewCount":2753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604624850,"gmtCreate":1639390792660,"gmtModify":1639391151419,"author":{"id":"4090112389805630","authorId":"4090112389805630","name":"MarkOng","avatar":"https://static.tigerbbs.com/918d105c8f52ec2b407c5fca049c3376","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090112389805630","authorIdStr":"4090112389805630"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604624850","repostId":"1191584533","repostType":4,"repost":{"id":"1191584533","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639387294,"share":"https://www.laohunote.com/m/news/1191584533?lang=zh_CN&edition=full","pubTime":"2021-12-13 17:21","market":"us","language":"en","title":"Apple rose 1% in premarket trading,with its market value reaching nearly 3 trillion dollars<blockquote>苹果在盘前交易中上涨1%，其市值达到近3万亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191584533","media":"Tiger Newspress","summary":"Apple rose 1% in premarket trading, with its market value reaching nearly 3 trillion dollars.Apple I","content":"<p>Apple rose 1% in premarket trading,&nbsp;with its market value reaching nearly 3 trillion dollars.<img src=\"https://static.tigerbbs.com/e9791d034ae0c6c9d0e8735f3c22dbcb\" tg-width=\"773\" tg-height=\"573\" referrerpolicy=\"no-referrer\"><b>Apple Inc</b>(NASDAQ:AAPL) is gearing up to launch the latest version of its iPhone and iPad operating system, which will contain nudity detection in the Messages app for devices used by children, as per journalist&nbsp;<b>Mark Gurman.</b></p><p><blockquote>苹果在盘前交易中上涨1%，市值达到近3万亿美元。<b>苹果公司</b>据记者报道，（纳斯达克股票代码：AAPL）正准备推出最新版本的 iPhone 和 iPad 操作系统，该系统将在儿童使用的设备的消息应用程序中包含裸体检测功能<b>马克·古尔曼。</b></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple rose 1% in premarket trading,with its market value reaching nearly 3 trillion dollars<blockquote>苹果在盘前交易中上涨1%，其市值达到近3万亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-13 17:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple rose 1% in premarket trading,&nbsp;with its market value reaching nearly 3 trillion dollars.<img src=\"https://static.tigerbbs.com/e9791d034ae0c6c9d0e8735f3c22dbcb\" tg-width=\"773\" tg-height=\"573\" referrerpolicy=\"no-referrer\"><b>Apple Inc</b>(NASDAQ:AAPL) is gearing up to launch the latest version of its iPhone and iPad operating system, which will contain nudity detection in the Messages app for devices used by children, as per journalist&nbsp;<b>Mark Gurman.</b></p><p><blockquote>苹果在盘前交易中上涨1%，市值达到近3万亿美元。<b>苹果公司</b>据记者报道，（纳斯达克股票代码：AAPL）正准备推出最新版本的 iPhone 和 iPad 操作系统，该系统将在儿童使用的设备的消息应用程序中包含裸体检测功能<b>马克·古尔曼。</b></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191584533","content_text":"Apple rose 1% in premarket trading, with its market value reaching nearly 3 trillion dollars.Apple Inc(NASDAQ:AAPL) is gearing up to launch the latest version of its iPhone and iPad operating system, which will contain nudity detection in the Messages app for devices used by children, as per journalist Mark Gurman.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}