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YS82

YS82

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2021-12-10

Hope he is joking… he spend so much efforts into all these companies…. Will be a waste

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2021-12-06

More pain may be on the way…. But it doesn’t mean it is a bad thing in long term

What Scares the Stock Market More Than Covid? The Federal Reserve<blockquote>有什么比Covid更让股市害怕？美联储</blockquote>

2021-12-02

Looking forward to buy more

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2021-11-29

Just get both….

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2021-11-24

Is this the beginning of the profit taking season? Hmmm

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2021-11-21

Seem like a lot of this hype is built on hope. Not sure if the ramp up is going to be easy with inflation and supply chain issues

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2021-11-15

Hope the market will continue its green till end ofthe year. It is so exciting that quality companies are being recognised.

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2021-11-12

I am only interested in Alibaba and Pinterest…. I feel that Zoom should have come out with something interesting in the 2nd half of 2021….. in the first place, when they are starting, their intention is just a video call company….

Why Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 40%<blockquote>为什么要等到崩盘才买入？这3只顶级股票已下跌超过40%</blockquote>

2021-11-12

$Enphase Energy(ENPH)$This company differentiate itself from the rest of the solar companies… well done Enphase.

2021-11-10

$Upstart Holdings, Inc.(UPST)$Is this the start ofthe end?

2021-11-08

$Macy's(M)$Is this a good buy now? Any comment?

2021-11-07

$Airbnb, Inc.(ABNB)$Miss this big time

2021-11-04

$Zillow(ZG)$So painful

2021-11-04

Go go go

Hot chinese concept stocks rallied in premarket trading<blockquote>热门中概股盘前上涨</blockquote>

2021-11-04

This is just incredible…. Will it be like last year?

Tesla shares surged more than 2% to a new high in premarket trading<blockquote>特斯拉股价在盘前交易中飙升逾2%至新高</blockquote>

2021-11-03

$Sea Ltd(SE)$Why is it still rising….

2021-11-02

$SoFi Technologies Inc.(SOFI)$Will it moon again?

2021-11-01

$Zillow(ZG)$Expecting Zillow to hit their expection despite they stopped buying houses for flipping. Bullish on them.

2021-10-30

$Tesla Motors(TSLA)$Will Tesla break through $1200 next week?

2021-10-29

Buy the dip!

Apple and Amazon are struggling, so investors may want to look to these tech stocks instead<blockquote>苹果和亚马逊正在苦苦挣扎，因此投资者可能会转而关注这些科技股</blockquote>

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The Federal Reserve<blockquote>有什么比Covid更让股市害怕？美联储</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138852642","media":"Barrons","summary":"Now can we have a correction?\nWe’d hoped for something better, like a melt-up into the end of the ye","content":"<p>Now can we have a correction?</p><p><blockquote>现在我们能纠正一下吗？</blockquote></p><p> We’d hoped for something better, like a melt-up into the end of the year. But after watching the stock market get knocked down this past week after slumping on Black Friday—thanks to the discovery of the Omicron variant of Covid-19—it doesn’t seem to be in the cards. Not after the S&amp;P 500 index finished the week down 1.2%, while the Dow Jones Industrial Average fell 319.26 points, or 0.9%, and the Nasdaq Composite slumped 2.6%. The small-cap Russell 2000, down 3.9% for the week, closed in correction territory on Wednesday.</p><p><blockquote>我们曾希望有更好的结果，比如年底前的融化。但由于发现了Covid-19的奥密克戎变种，股市在过去一周黑色星期五暴跌后暴跌，这似乎不太可能。标普500指数本周下跌1.2%，道琼斯工业平均指数下跌319.26点，跌幅0.9%，纳斯达克综合指数下跌2.6%。小盘股罗素2000指数本周下跌3.9%，周三收于回调区域。</blockquote></p><p> Those numbers fail to capture just how volatile the week was. After a small rally on Monday, the Dow tumbled 652.22 points on Tuesday. On Wednesday, it rallied in early trading before giving back those gains—and then some—to finish down 461.68 points, and only seven stocks in the S&amp;P 500, including Apple (ticker: AAPL), managed to finish higher. On Thursday, the Dow had its biggest gain since March, but Apple dropped 0.6% following reports it was preparing suppliers for lukewarm iPhone demand.</p><p><blockquote>这些数字未能反映出本周的波动程度。在周一小幅上涨后，道琼斯指数周二暴跌652.22点。周三，该股在早盘交易中上涨，随后回吐了部分涨幅，最终下跌461.68点，标普500只有包括苹果（股票代码：AAPL）在内的七只股票收盘走高。周四，道琼斯指数创3月份以来最大涨幅，但苹果下跌0.6%，此前有报道称该公司正在让供应商为iPhone需求冷淡做好准备。</blockquote></p><p> On Friday, the Nasdaq got hammered as large, pricey growth stocks, including Adobe (ADBE), Tesla (TSLA), and Nvidia (NVDA), finally got caught up in the selling. “Given the overvalued conditions of many ‘growth’ names, the latter bore the brunt of this week’s correction,” observes Canaccord Genuity analyst Martin Roberge.</p><p><blockquote>周五，纳斯达克遭受重创，包括Adobe(ADBE)、特斯拉(TSLA)和英伟达(NVDA)在内的大型、昂贵的成长型股票最终陷入抛售。Canaccord Genuity分析师马丁·罗伯格(Martin Roberge)表示：“鉴于许多‘成长型’公司的估值过高，后者在本周的调整中首当其冲。”</blockquote></p><p> The S&amp;P 500 finished the week 3.5% off its 2021 high, which is a bit less than the index fell in September, when everyone was predicting a correction that never arrived. This selloff looks like it has more legs. Gone are the generalized fears about valuations and a looming earnings season—which turned out to be just fine—replaced by a new Covid variant and the start of the Federal Reserve’s tightening cycle.</p><p><blockquote>标普500本周收盘较2021年高点下跌3.5%，略低于该指数9月份的跌幅，当时所有人都预测回调从未到来。这次抛售看起来有更多的腿。对估值和即将到来的财报季的普遍担忧已经一去不复返了——事实证明财报季还不错——取而代之的是新的新冠病毒变种和美联储紧缩周期的开始。</blockquote></p><p> Omicron was bad enough on its own—no one knows how much it will hurt the economy—but then Fed Chairman Jerome Powell had to go and acknowledge that inflation isn’t transitory after all and the taper might have to go faster than expected.</p><p><blockquote>奥密克戎本身就已经够糟糕的了——没有人知道它会对经济造成多大伤害——但随后美联储主席Jerome Powell不得不承认通胀毕竟不是暂时的，缩减可能需要比预期更快。</blockquote></p><p> “He leaned on that message so strongly, it tells you some strategy change is coming,” says Dave Donabedian, chief investment officer at CIBC Private Wealth US.</p><p><blockquote>CIBC Private Wealth US首席投资官戴夫·多纳贝迪安(Dave Donabedian)表示：“他非常依赖这一信息，这告诉你一些策略即将发生变化。”</blockquote></p><p> The timing was a bit strange. Headlines about Omicron being found in the U.S. were already troubling the markets. Powell made it worse. Still, rather than asking why he chose that day to make his comments, maybe investors should be asking how much stronger his statement could have been. “Imagine what the speech would have sounded like without the variant,” says MKM Partners Chief Economist Michael Darda.</p><p><blockquote>时机有点奇怪。有关奥密克戎在美国被发现的头条新闻已经让市场感到不安。鲍威尔让情况变得更糟。尽管如此，也许投资者不应该问他为什么选择那天发表评论，而应该问他的声明还能有多强烈。MKM Partners首席经济学家迈克尔·达尔达(Michael Darda)表示：“想象一下，如果没有这种变体，演讲听起来会是什么样子。”</blockquote></p><p> The thing is, Powell is absolutely right to be tacking hawkish, given the strength of the U.S. economy. The jobs report, despite a big headline miss, was solid, with the unemployment rate falling to 4.2% and the participation rate rising to 61.8%. The Institute for Supply Management’s non-manufacturing survey hit 69.1, a record, while the manufacturing index also remains above 60.</p><p><blockquote>问题是，鉴于美国经济的实力，鲍威尔采取鹰派立场是绝对正确的。就业报告尽管出现了重大失误，但表现稳健，失业率降至4.2%，参与率升至61.8%。美国供应管理协会的非制造业调查达到创纪录的69.1，而制造业指数也保持在60以上。</blockquote></p><p> The data has been so good that the Atlanta Fed’s GDPNow estimate for fourth-quarter growth in the U.S. recently hit 9.7%. The consumer price index, which is set to be released this coming Friday, is expected to have risen 0.65% in November. All of that suggests that the economy is ready for tighter monetary policy, even if the stock market isn’t. “Powell is right, even if the market freaks out a little bit,” Darda says.</p><p><blockquote>数据如此之好，以至于亚特兰大联储对美国第四季度增长的GDPNow估计最近达到了9.7%。定于本周五发布的消费者价格指数预计11月份上涨0.65%。所有这些都表明，经济已为收紧货币政策做好了准备，即使股市尚未做好准备。“鲍威尔是对的，即使市场有点恐慌，”达尔达说。</blockquote></p><p> Don’t be surprised if it freaks out a bit more.</p><p><blockquote>如果它变得更疯狂一点，不要感到惊讶。</blockquote></p><p> <b>Morgan Stanley Sees Fed as Bigger Threat to Stocks Than Omicron</b></p><p><blockquote><b>大摩认为美联储对股市的威胁比奥密克戎更大</b></blockquote></p><p> Stock investors probably have more important things to worry about than the emergence of the new coronavirus strain, according to Morgan Stanley strategists.</p><p><blockquote>摩根士丹利策略师表示，股票投资者可能有比新冠病毒株的出现更重要的事情需要担心。</blockquote></p><p> While they are “not that concerned about omicron as a major risk factor for equities,” the strategists see headwinds building elsewhere, after Federal Reserve Chairman Jerome Powell signaled the possible accelerated tapering of asset purchases. “Tapering is tightening for the markets and it will lead to lower valuations like it always does at this stage of any recovery,” the strategists led by Michael Wilson wrote in a note to clients.</p><p><blockquote>虽然他们“不太担心奥密克戎是股市的主要风险因素”，但在美联储主席Jerome Powell暗示可能加速缩减资产购买后，策略师们认为其他地方的阻力正在增加。迈克尔·威尔逊（Michael Wilson）领导的策略师在给客户的一份报告中写道：“缩减购债规模正在收紧市场，这将导致估值下降，就像在复苏的现阶段一样。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2480f1a0450a30811b2f0b6e1a23b008\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The comments echo the views of other strategists, including those at JPMorgan Chase &amp; Co., who&nbsp;singled out a hawkish turn&nbsp;by central banks as the main risk to their outlook for stocks. But while JPMorgan&nbsp;reiterated on Monday&nbsp;that its base-case scenario is for the equities rally to continue into next year, Morgan Stanley sees the S&amp;P 500 trending lower, and valuations declining.</p><p><blockquote>这些评论呼应了其他策略师的观点，包括摩根大通的策略师，他们指出央行的鹰派转向是他们股市前景的主要风险。不过，尽管摩根大通周一重申，其基本情景是股市上涨将持续到明年，但摩根士丹利认为标普500呈走低趋势，估值也在下降。</blockquote></p><p></p><p> “Equity markets are resuming their de-rating process that began over nine months ago for numerous reasons,” the Morgan Stanley strategists wrote. They forecast that the S&amp;P 500 forward price-to-earnings ratio would fall by about 12%, with that decline potentially deeper “as equity investors start to demand much higher risk premiums in anticipation of considerably higher long-term interest rates.”</p><p><blockquote>摩根士丹利策略师写道：“出于多种原因，股市正在恢复九个多月前开始的降级过程。”他们预测，标普500的远期市盈率将下降约12%，而且“随着股票投资者预期长期利率大幅上升，开始要求更高的风险溢价”，降幅可能会更深。</blockquote></p><p> UBS Global Wealth Management strategists said Monday they “expect a period of heightened volatility ahead as investors attempt to assess the risks from omicron and the Fed, based on insufficient and patchy data.” While they advise investors to refrain from a hasty exit from risk assets, the strategists, led by Mark Haefele, said monetary tightening could present a bear case to their base scenario.</p><p><blockquote>瑞银全球财富管理策略师周一表示，他们“预计未来一段时间波动加剧，因为投资者试图根据不充分且不完整的数据来评估奥密克戎和美联储的风险。”虽然他们建议投资者不要仓促退出风险资产，但以马克·海菲尔为首的策略师表示，货币紧缩可能会给他们的基本情景带来看跌理由。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Scares the Stock Market More Than Covid? The Federal Reserve<blockquote>有什么比Covid更让股市害怕？美联储</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\">\nWhat Scares the Stock Market More Than Covid? The Federal Reserve<blockquote>有什么比Covid更让股市害怕？美联储</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-06 13:46</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Now can we have a correction?</p><p><blockquote>现在我们能纠正一下吗？</blockquote></p><p> We’d hoped for something better, like a melt-up into the end of the year. But after watching the stock market get knocked down this past week after slumping on Black Friday—thanks to the discovery of the Omicron variant of Covid-19—it doesn’t seem to be in the cards. Not after the S&amp;P 500 index finished the week down 1.2%, while the Dow Jones Industrial Average fell 319.26 points, or 0.9%, and the Nasdaq Composite slumped 2.6%. The small-cap Russell 2000, down 3.9% for the week, closed in correction territory on Wednesday.</p><p><blockquote>我们曾希望有更好的结果，比如年底前的融化。但由于发现了Covid-19的奥密克戎变种，股市在过去一周黑色星期五暴跌后暴跌，这似乎不太可能。标普500指数本周下跌1.2%，道琼斯工业平均指数下跌319.26点，跌幅0.9%，纳斯达克综合指数下跌2.6%。小盘股罗素2000指数本周下跌3.9%，周三收于回调区域。</blockquote></p><p> Those numbers fail to capture just how volatile the week was. After a small rally on Monday, the Dow tumbled 652.22 points on Tuesday. On Wednesday, it rallied in early trading before giving back those gains—and then some—to finish down 461.68 points, and only seven stocks in the S&amp;P 500, including Apple (ticker: AAPL), managed to finish higher. On Thursday, the Dow had its biggest gain since March, but Apple dropped 0.6% following reports it was preparing suppliers for lukewarm iPhone demand.</p><p><blockquote>这些数字未能反映出本周的波动程度。在周一小幅上涨后，道琼斯指数周二暴跌652.22点。周三，该股在早盘交易中上涨，随后回吐了部分涨幅，最终下跌461.68点，标普500只有包括苹果（股票代码：AAPL）在内的七只股票收盘走高。周四，道琼斯指数创3月份以来最大涨幅，但苹果下跌0.6%，此前有报道称该公司正在让供应商为iPhone需求冷淡做好准备。</blockquote></p><p> On Friday, the Nasdaq got hammered as large, pricey growth stocks, including Adobe (ADBE), Tesla (TSLA), and Nvidia (NVDA), finally got caught up in the selling. “Given the overvalued conditions of many ‘growth’ names, the latter bore the brunt of this week’s correction,” observes Canaccord Genuity analyst Martin Roberge.</p><p><blockquote>周五，纳斯达克遭受重创，包括Adobe(ADBE)、特斯拉(TSLA)和英伟达(NVDA)在内的大型、昂贵的成长型股票最终陷入抛售。Canaccord Genuity分析师马丁·罗伯格(Martin Roberge)表示：“鉴于许多‘成长型’公司的估值过高，后者在本周的调整中首当其冲。”</blockquote></p><p> The S&amp;P 500 finished the week 3.5% off its 2021 high, which is a bit less than the index fell in September, when everyone was predicting a correction that never arrived. This selloff looks like it has more legs. Gone are the generalized fears about valuations and a looming earnings season—which turned out to be just fine—replaced by a new Covid variant and the start of the Federal Reserve’s tightening cycle.</p><p><blockquote>标普500本周收盘较2021年高点下跌3.5%，略低于该指数9月份的跌幅，当时所有人都预测回调从未到来。这次抛售看起来有更多的腿。对估值和即将到来的财报季的普遍担忧已经一去不复返了——事实证明财报季还不错——取而代之的是新的新冠病毒变种和美联储紧缩周期的开始。</blockquote></p><p> Omicron was bad enough on its own—no one knows how much it will hurt the economy—but then Fed Chairman Jerome Powell had to go and acknowledge that inflation isn’t transitory after all and the taper might have to go faster than expected.</p><p><blockquote>奥密克戎本身就已经够糟糕的了——没有人知道它会对经济造成多大伤害——但随后美联储主席Jerome Powell不得不承认通胀毕竟不是暂时的，缩减可能需要比预期更快。</blockquote></p><p> “He leaned on that message so strongly, it tells you some strategy change is coming,” says Dave Donabedian, chief investment officer at CIBC Private Wealth US.</p><p><blockquote>CIBC Private Wealth US首席投资官戴夫·多纳贝迪安(Dave Donabedian)表示：“他非常依赖这一信息，这告诉你一些策略即将发生变化。”</blockquote></p><p> The timing was a bit strange. Headlines about Omicron being found in the U.S. were already troubling the markets. Powell made it worse. Still, rather than asking why he chose that day to make his comments, maybe investors should be asking how much stronger his statement could have been. “Imagine what the speech would have sounded like without the variant,” says MKM Partners Chief Economist Michael Darda.</p><p><blockquote>时机有点奇怪。有关奥密克戎在美国被发现的头条新闻已经让市场感到不安。鲍威尔让情况变得更糟。尽管如此，也许投资者不应该问他为什么选择那天发表评论，而应该问他的声明还能有多强烈。MKM Partners首席经济学家迈克尔·达尔达(Michael Darda)表示：“想象一下，如果没有这种变体，演讲听起来会是什么样子。”</blockquote></p><p> The thing is, Powell is absolutely right to be tacking hawkish, given the strength of the U.S. economy. The jobs report, despite a big headline miss, was solid, with the unemployment rate falling to 4.2% and the participation rate rising to 61.8%. The Institute for Supply Management’s non-manufacturing survey hit 69.1, a record, while the manufacturing index also remains above 60.</p><p><blockquote>问题是，鉴于美国经济的实力，鲍威尔采取鹰派立场是绝对正确的。就业报告尽管出现了重大失误，但表现稳健，失业率降至4.2%，参与率升至61.8%。美国供应管理协会的非制造业调查达到创纪录的69.1，而制造业指数也保持在60以上。</blockquote></p><p> The data has been so good that the Atlanta Fed’s GDPNow estimate for fourth-quarter growth in the U.S. recently hit 9.7%. The consumer price index, which is set to be released this coming Friday, is expected to have risen 0.65% in November. All of that suggests that the economy is ready for tighter monetary policy, even if the stock market isn’t. “Powell is right, even if the market freaks out a little bit,” Darda says.</p><p><blockquote>数据如此之好，以至于亚特兰大联储对美国第四季度增长的GDPNow估计最近达到了9.7%。定于本周五发布的消费者价格指数预计11月份上涨0.65%。所有这些都表明，经济已为收紧货币政策做好了准备，即使股市尚未做好准备。“鲍威尔是对的，即使市场有点恐慌，”达尔达说。</blockquote></p><p> Don’t be surprised if it freaks out a bit more.</p><p><blockquote>如果它变得更疯狂一点，不要感到惊讶。</blockquote></p><p> <b>Morgan Stanley Sees Fed as Bigger Threat to Stocks Than Omicron</b></p><p><blockquote><b>大摩认为美联储对股市的威胁比奥密克戎更大</b></blockquote></p><p> Stock investors probably have more important things to worry about than the emergence of the new coronavirus strain, according to Morgan Stanley strategists.</p><p><blockquote>摩根士丹利策略师表示，股票投资者可能有比新冠病毒株的出现更重要的事情需要担心。</blockquote></p><p> While they are “not that concerned about omicron as a major risk factor for equities,” the strategists see headwinds building elsewhere, after Federal Reserve Chairman Jerome Powell signaled the possible accelerated tapering of asset purchases. “Tapering is tightening for the markets and it will lead to lower valuations like it always does at this stage of any recovery,” the strategists led by Michael Wilson wrote in a note to clients.</p><p><blockquote>虽然他们“不太担心奥密克戎是股市的主要风险因素”，但在美联储主席Jerome Powell暗示可能加速缩减资产购买后，策略师们认为其他地方的阻力正在增加。迈克尔·威尔逊（Michael Wilson）领导的策略师在给客户的一份报告中写道：“缩减购债规模正在收紧市场，这将导致估值下降，就像在复苏的现阶段一样。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2480f1a0450a30811b2f0b6e1a23b008\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The comments echo the views of other strategists, including those at JPMorgan Chase &amp; Co., who&nbsp;singled out a hawkish turn&nbsp;by central banks as the main risk to their outlook for stocks. But while JPMorgan&nbsp;reiterated on Monday&nbsp;that its base-case scenario is for the equities rally to continue into next year, Morgan Stanley sees the S&amp;P 500 trending lower, and valuations declining.</p><p><blockquote>这些评论呼应了其他策略师的观点，包括摩根大通的策略师，他们指出央行的鹰派转向是他们股市前景的主要风险。不过，尽管摩根大通周一重申，其基本情景是股市上涨将持续到明年，但摩根士丹利认为标普500呈走低趋势，估值也在下降。</blockquote></p><p></p><p> “Equity markets are resuming their de-rating process that began over nine months ago for numerous reasons,” the Morgan Stanley strategists wrote. They forecast that the S&amp;P 500 forward price-to-earnings ratio would fall by about 12%, with that decline potentially deeper “as equity investors start to demand much higher risk premiums in anticipation of considerably higher long-term interest rates.”</p><p><blockquote>摩根士丹利策略师写道：“出于多种原因，股市正在恢复九个多月前开始的降级过程。”他们预测，标普500的远期市盈率将下降约12%，而且“随着股票投资者预期长期利率大幅上升，开始要求更高的风险溢价”，降幅可能会更深。</blockquote></p><p> UBS Global Wealth Management strategists said Monday they “expect a period of heightened volatility ahead as investors attempt to assess the risks from omicron and the Fed, based on insufficient and patchy data.” While they advise investors to refrain from a hasty exit from risk assets, the strategists, led by Mark Haefele, said monetary tightening could present a bear case to their base scenario.</p><p><blockquote>瑞银全球财富管理策略师周一表示，他们“预计未来一段时间波动加剧，因为投资者试图根据不充分且不完整的数据来评估奥密克戎和美联储的风险。”虽然他们建议投资者不要仓促退出风险资产，但以马克·海菲尔为首的策略师表示，货币紧缩可能会给他们的基本情景带来看跌理由。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stock-market-covid-omicron-federal-reserve-51638575944\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/stock-market-covid-omicron-federal-reserve-51638575944","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138852642","content_text":"Now can we have a correction?\nWe’d hoped for something better, like a melt-up into the end of the year. But after watching the stock market get knocked down this past week after slumping on Black Friday—thanks to the discovery of the Omicron variant of Covid-19—it doesn’t seem to be in the cards. Not after the S&P 500 index finished the week down 1.2%, while the Dow Jones Industrial Average fell 319.26 points, or 0.9%, and the Nasdaq Composite slumped 2.6%. The small-cap Russell 2000, down 3.9% for the week, closed in correction territory on Wednesday.\nThose numbers fail to capture just how volatile the week was. After a small rally on Monday, the Dow tumbled 652.22 points on Tuesday. On Wednesday, it rallied in early trading before giving back those gains—and then some—to finish down 461.68 points, and only seven stocks in the S&P 500, including Apple (ticker: AAPL), managed to finish higher. On Thursday, the Dow had its biggest gain since March, but Apple dropped 0.6% following reports it was preparing suppliers for lukewarm iPhone demand.\nOn Friday, the Nasdaq got hammered as large, pricey growth stocks, including Adobe (ADBE), Tesla (TSLA), and Nvidia (NVDA), finally got caught up in the selling. “Given the overvalued conditions of many ‘growth’ names, the latter bore the brunt of this week’s correction,” observes Canaccord Genuity analyst Martin Roberge.\nThe S&P 500 finished the week 3.5% off its 2021 high, which is a bit less than the index fell in September, when everyone was predicting a correction that never arrived. This selloff looks like it has more legs. Gone are the generalized fears about valuations and a looming earnings season—which turned out to be just fine—replaced by a new Covid variant and the start of the Federal Reserve’s tightening cycle.\nOmicron was bad enough on its own—no one knows how much it will hurt the economy—but then Fed Chairman Jerome Powell had to go and acknowledge that inflation isn’t transitory after all and the taper might have to go faster than expected.\n“He leaned on that message so strongly, it tells you some strategy change is coming,” says Dave Donabedian, chief investment officer at CIBC Private Wealth US.\nThe timing was a bit strange. Headlines about Omicron being found in the U.S. were already troubling the markets. Powell made it worse. Still, rather than asking why he chose that day to make his comments, maybe investors should be asking how much stronger his statement could have been. “Imagine what the speech would have sounded like without the variant,” says MKM Partners Chief Economist Michael Darda.\nThe thing is, Powell is absolutely right to be tacking hawkish, given the strength of the U.S. economy. The jobs report, despite a big headline miss, was solid, with the unemployment rate falling to 4.2% and the participation rate rising to 61.8%. The Institute for Supply Management’s non-manufacturing survey hit 69.1, a record, while the manufacturing index also remains above 60.\nThe data has been so good that the Atlanta Fed’s GDPNow estimate for fourth-quarter growth in the U.S. recently hit 9.7%. The consumer price index, which is set to be released this coming Friday, is expected to have risen 0.65% in November. All of that suggests that the economy is ready for tighter monetary policy, even if the stock market isn’t. “Powell is right, even if the market freaks out a little bit,” Darda says.\nDon’t be surprised if it freaks out a bit more.\nMorgan Stanley Sees Fed as Bigger Threat to Stocks Than Omicron\nStock investors probably have more important things to worry about than the emergence of the new coronavirus strain, according to Morgan Stanley strategists.\nWhile they are “not that concerned about omicron as a major risk factor for equities,” the strategists see headwinds building elsewhere, after Federal Reserve Chairman Jerome Powell signaled the possible accelerated tapering of asset purchases. “Tapering is tightening for the markets and it will lead to lower valuations like it always does at this stage of any recovery,” the strategists led by Michael Wilson wrote in a note to clients.\n\nThe comments echo the views of other strategists, including those at JPMorgan Chase & Co., who singled out a hawkish turn by central banks as the main risk to their outlook for stocks. But while JPMorgan reiterated on Monday that its base-case scenario is for the equities rally to continue into next year, Morgan Stanley sees the S&P 500 trending lower, and valuations declining.\n“Equity markets are resuming their de-rating process that began over nine months ago for numerous reasons,” the Morgan Stanley strategists wrote. They forecast that the S&P 500 forward price-to-earnings ratio would fall by about 12%, with that decline potentially deeper “as equity investors start to demand much higher risk premiums in anticipation of considerably higher long-term interest rates.”\nUBS Global Wealth Management strategists said Monday they “expect a period of heightened volatility ahead as investors attempt to assess the risks from omicron and the Fed, based on insufficient and patchy data.” While they advise investors to refrain from a hasty exit from risk assets, the strategists, led by Mark Haefele, said monetary tightening could present a bear case to their base scenario.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2075,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603559313,"gmtCreate":1638431083536,"gmtModify":1638431084283,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Looking forward to buy more","listText":"Looking forward to buy more","text":"Looking forward to buy more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/603559313","repostId":"1139132596","repostType":4,"isVote":1,"tweetType":1,"viewCount":2283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600785673,"gmtCreate":1638198106849,"gmtModify":1638198182816,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Just get both….","listText":"Just get both….","text":"Just get both….","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600785673","repostId":"2186262293","repostType":4,"isVote":1,"tweetType":1,"viewCount":1696,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874016242,"gmtCreate":1637711444107,"gmtModify":1637711444238,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Is this the beginning of the profit taking season? Hmmm","listText":"Is this the beginning of the profit taking season? Hmmm","text":"Is this the beginning of the profit taking season? Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874016242","repostId":"2185336565","repostType":4,"isVote":1,"tweetType":1,"viewCount":2327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872154657,"gmtCreate":1637462212435,"gmtModify":1637462212519,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Seem like a lot of this hype is built on hope. Not sure if the ramp up is going to be easy with inflation and supply chain issues","listText":"Seem like a lot of this hype is built on hope. Not sure if the ramp up is going to be easy with inflation and supply chain issues","text":"Seem like a lot of this hype is built on hope. Not sure if the ramp up is going to be easy with inflation and supply chain issues","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/872154657","repostId":"2184828468","repostType":4,"isVote":1,"tweetType":1,"viewCount":2244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873663052,"gmtCreate":1636938611638,"gmtModify":1636938611754,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Hope the market will continue its green till end ofthe year. It is so exciting that quality companies are being recognised.","listText":"Hope the market will continue its green till end ofthe year. It is so exciting that quality companies are being recognised.","text":"Hope the market will continue its green till end ofthe year. It is so exciting that quality companies are being recognised.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/873663052","repostId":"2183536049","repostType":4,"isVote":1,"tweetType":1,"viewCount":3120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879809380,"gmtCreate":1636697530453,"gmtModify":1636698085081,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"I am only interested in Alibaba and Pinterest…. I feel that Zoom should have come out with something interesting in the 2nd half of 2021….. in the first place, when they are starting, their intention is just a video call company….","listText":"I am only interested in Alibaba and Pinterest…. I feel that Zoom should have come out with something interesting in the 2nd half of 2021….. in the first place, when they are starting, their intention is just a video call company….","text":"I am only interested in Alibaba and Pinterest…. I feel that Zoom should have come out with something interesting in the 2nd half of 2021….. in the first place, when they are starting, their intention is just a video call company….","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/879809380","repostId":"1137718483","repostType":4,"repost":{"id":"1137718483","kind":"news","pubTimestamp":1636677707,"share":"https://www.laohu8.com/m/news/1137718483?lang=zh_CN&edition=full","pubTime":"2021-11-12 08:41","market":"us","language":"en","title":"Why Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 40%<blockquote>为什么要等到崩盘才买入？这3只顶级股票已下跌超过40%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137718483","media":"Motley Fool","summary":"$Alibaba$ Group has plummeted 49% since peaking 13 months ago.Alibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.Alibaba and two other U.S. former market darlings have a strong chance to bounce back from here.Alibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day c","content":"<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li><a href=\"https://laohu8.com/S/BABA\">Alibaba</a> Group has plummeted 49% since peaking 13 months ago.</li>  <li>Alibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.</li>  <li>Alibaba&nbsp;and two other U.S. former market darlings have a strong chance to bounce back from here.</li> </ul> The market's getting volatile, but it's still trading close to its recent all-time highs. Are you waiting for the market to take a big hit before putting your money on the sidelines to work? Well, a lot of last year's biggest stars have already crashed.</p><p><blockquote><ul><li><a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>自13个月前达到峰值以来，该集团股价已暴跌49%。</li><li>鉴于中国的“共同富裕”倡议，阿里巴巴-SW的光棍节今非昔比。</li><li>阿里巴巴-SW和另外两家美国前市场宠儿很有可能从这里反弹。</li></ul>市场越来越不稳定，但交易价格仍接近近期历史高点。您是否正在等待市场遭受重创，然后才将资金放在场外发挥作用？嗯，很多去年最大的明星已经坠毁了。</blockquote></p><p> Shares of<b><a href=\"https://laohu8.com/S/09988\">Alibaba</a> Group Holding</b>(NYSE:BABA),<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</b>, and&nbsp;<a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a>&nbsp;have all plummeted at least 40% since hitting all-time highs. The markdowns seem overdone. Let's take a closer look.</p><p><blockquote>本公司之股份<b><a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>集团控股</b>（纽约证券交易所代码：BABA），<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</b>，和<a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a>自触及历史高点以来，均暴跌至少40%。降价似乎有些过头了。让我们仔细看看。</blockquote></p><p> 1. Alibaba</p><p><blockquote>1.阿里巴巴-SW</blockquote></p><p> Thursday should've been a big day for China's online retailers. It's Singles' Day! Alibaba created the shopping holiday that takes place every year on Nov. 11 -- called Singles' Day because of the 11/11 date -- but it has since been widely adopted by smaller e-tailers.</p><p><blockquote>对于中国的在线零售商来说，周四应该是个大日子。今天是光棍节！阿里巴巴-SW创造了每年11月11日举行的购物假期——因为11/11日期而被称为光棍节——但此后它被较小的电子零售商广泛采用。</blockquote></p><p> Singles' Day is hitting different this year. China's government push for \"common prosperity\" finds it unfashionable to tout commerce and consumption. Alibaba is highly unlikely to match the $74 billion it rang up in sales during last year's \"Double 11\" celebration.</p><p><blockquote>今年的光棍节有所不同。中国政府推动的“共同富裕”发现吹捧商业和消费是不时髦的。阿里巴巴-SW不太可能达到去年“双11”庆祝活动期间740亿美元的销售额。</blockquote></p><p> Alibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day could be shares of Alibaba itself. It has grown revenue by at least 32% every year over the past decade. Even now as Alibaba grapples with the COVID-19 crisis and the country's common prosperity objectives, trailing revenue has climbed 40%.</p><p><blockquote>阿里巴巴-SW进入光棍节，交易价格比去年年底创下的历史高点低49%。在中国政府打击多个行业后，投资者避开了中国的成长型股票，但光棍节真正便宜的可能是阿里巴巴-SW本身的股票。过去十年，该公司的收入每年至少增长32%。即使现在阿里巴巴-SW正在努力应对COVID-19危机和该国的共同繁荣目标，追踪收入仍增长了40%。</blockquote></p><p> 2. <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</p><p><blockquote>2.<a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</blockquote></p><p> The rise and fall of Zoom Video is well known. The videoconferencing platform skyrocketed in popularity during the early months of the pandemic when in-person classes, work meetings, and gatherings of friends and family weren't safe. Now that we're largely vaccinated and case counts are lower is there really a future for Zoom?</p><p><blockquote>Zoom Video的兴衰众所周知。在疫情的最初几个月，当面对面的课程、工作会议以及朋友和家人的聚会都不安全时，视频会议平台的受欢迎程度飙升。现在我们大部分人都接种了疫苗，病例数也减少了，Zoom真的有未来吗？</blockquote></p><p> The market seems to think that the future will be bleak. Like Alibaba, shares of Zoom peaked 13 months ago. Zoom stock has plummeted 57% since that high. The twist here is that Zoom is still growing. Revenue rose 54% inits latest quarter. Sure, revenue is decelerating. We're not going to return to the triple-digit top-line growth that Zoom posted in each of the five previous quarterly reports.</p><p><blockquote>市场似乎认为未来将黯淡无光。与阿里巴巴-SW一样，Zoom的股价在13个月前见顶。自该高点以来，Zoom股价已暴跌57%。这里的转折是Zoom仍在增长。最近一个季度收入增长了54%。当然，收入正在减速。我们不会回到Zoom在前五份季度报告中每份报告中公布的三位数营收增长。</blockquote></p><p> However, Zoom is still growing in the recovery climate. Video meetings will continue to be a cost-effective way to gather and get things done. Zoom is fleshing out its offerings, and a recently fumbled acquisition attempt won't stop the evolutionary process. There was a crazy time last year when Zoom was trading for more than 100 times trailing revenue. The one-two punch of heady sales growth and the cascading stock price finds that multiple whittled down to just 20 right now.</p><p><blockquote>然而，Zoom仍在复苏的环境中增长。视频会议将继续是一种具有成本效益的聚集和完成工作的方式。Zoom正在充实其产品，最近一次失败的收购尝试不会阻止这一演变过程。去年有一段疯狂的时期，Zoom的交易价格是往绩收入的100多倍。令人兴奋的销售增长和股价的连击发现，目前市盈率已降至仅20倍。</blockquote></p><p> 3. Pinterest</p><p><blockquote>3.Pinterest</blockquote></p><p> A year ago we were leaning on Pinterest to get crafty. The visual discovery engine was a valuable resource for recipes, decorating tips, and daydreaming about destinations we wanted to visit once we were able to safely travel after the pandemic.</p><p><blockquote>一年前，我们依靠Pinterest变得狡猾。一旦我们能够在疫情之后安全旅行，视觉发现引擎是食谱、装饰技巧和关于我们想去的目的地的白日梦的宝贵资源。</blockquote></p><p> Everything was going swimmingly for Pinterest until we were cool to toss out our sourdough starter and head outside to eat someone else's bread. Pinterest has now stunned investors with back-to-back sequential declines in active users. The stock has plummeted 49% from February's peak.</p><p><blockquote>对Pinterest来说，一切都很顺利，直到我们冷静下来，扔掉我们的酸面团发酵剂，出去吃别人的面包。Pinterest现在的活跃用户连续下降令投资者震惊。该股已较2月份的峰值暴跌49%。</blockquote></p><p> Last month&nbsp;<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b>&nbsp;was reportedly negotiating to buy Pinterest in a largely stock deal that would value Pinterest at$70 a share. Pinterest investors who were cocky about holding out for more would love a chance to get back there, as the stock has fallen sharply since the proposed combination came undone. Pinterest would have to appreciate by 53% to get to $70 now.</p><p><blockquote>上个月<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股</b>据报道，该公司正在就收购Pinterest进行谈判，这笔交易主要是股票交易，Pinterest的估值将达到每股70美元。那些对持有更多股票感到自豪的Pinterest投资者希望有机会回到那里，因为自拟议的合并取消以来，该股已大幅下跌。Pinterest必须升值53%才能达到现在的70美元。</blockquote></p><p> PayPal stock sold off on the initial chatter, but it continues to fall even now that a deal is not on the table. It probably won't come back on bended knee now that both stocks are out of favor, but Pinterest still has a vibrant platform with improving monetization. Revenue is still growing as advertisers flock its marketing opportunities to reach the lucrative Pinterest audience.</p><p><blockquote>PayPal的股票在最初的传言中遭到抛售，但即使现在交易尚未摆在桌面上，该股仍在继续下跌。既然这两只股票都失宠了，它可能不会卷土重来，但Pinterest仍然拥有一个充满活力的平台，货币化程度不断提高。随着广告商蜂拥其营销机会以吸引利润丰厚的Pinterest受众，收入仍在增长。</blockquote></p><p> Alibaba, Zoom, and Pinterest are still thrivinggrowth stocks. The shares just happen to be trading between 49% and 57% off their all-time highs. You don't need to wait for the market crash to happen to pick up bargains. They're out there now.</p><p><blockquote>阿里巴巴-SW、Zoom和Pinterest仍然是蓬勃发展的成长型股票。该股的交易价格恰好比历史高点低了49%至57%。你不需要等到市场崩盘时再买便宜货。他们现在就在外面。</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>Why Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 40%<blockquote>为什么要等到崩盘才买入？这3只顶级股票已下跌超过40%</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\">\nWhy Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 40%<blockquote>为什么要等到崩盘才买入？这3只顶级股票已下跌超过40%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-11-12 08:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li><a href=\"https://laohu8.com/S/BABA\">Alibaba</a> Group has plummeted 49% since peaking 13 months ago.</li>  <li>Alibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.</li>  <li>Alibaba&nbsp;and two other U.S. former market darlings have a strong chance to bounce back from here.</li> </ul> The market's getting volatile, but it's still trading close to its recent all-time highs. Are you waiting for the market to take a big hit before putting your money on the sidelines to work? Well, a lot of last year's biggest stars have already crashed.</p><p><blockquote><ul><li><a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>自13个月前达到峰值以来，该集团股价已暴跌49%。</li><li>鉴于中国的“共同富裕”倡议，阿里巴巴-SW的光棍节今非昔比。</li><li>阿里巴巴-SW和另外两家美国前市场宠儿很有可能从这里反弹。</li></ul>市场越来越不稳定，但交易价格仍接近近期历史高点。您是否正在等待市场遭受重创，然后才将资金放在场外发挥作用？嗯，很多去年最大的明星已经坠毁了。</blockquote></p><p> Shares of<b><a href=\"https://laohu8.com/S/09988\">Alibaba</a> Group Holding</b>(NYSE:BABA),<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</b>, and&nbsp;<a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a>&nbsp;have all plummeted at least 40% since hitting all-time highs. The markdowns seem overdone. Let's take a closer look.</p><p><blockquote>本公司之股份<b><a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>集团控股</b>（纽约证券交易所代码：BABA），<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</b>，和<a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a>自触及历史高点以来，均暴跌至少40%。降价似乎有些过头了。让我们仔细看看。</blockquote></p><p> 1. Alibaba</p><p><blockquote>1.阿里巴巴-SW</blockquote></p><p> Thursday should've been a big day for China's online retailers. It's Singles' Day! Alibaba created the shopping holiday that takes place every year on Nov. 11 -- called Singles' Day because of the 11/11 date -- but it has since been widely adopted by smaller e-tailers.</p><p><blockquote>对于中国的在线零售商来说，周四应该是个大日子。今天是光棍节！阿里巴巴-SW创造了每年11月11日举行的购物假期——因为11/11日期而被称为光棍节——但此后它被较小的电子零售商广泛采用。</blockquote></p><p> Singles' Day is hitting different this year. China's government push for \"common prosperity\" finds it unfashionable to tout commerce and consumption. Alibaba is highly unlikely to match the $74 billion it rang up in sales during last year's \"Double 11\" celebration.</p><p><blockquote>今年的光棍节有所不同。中国政府推动的“共同富裕”发现吹捧商业和消费是不时髦的。阿里巴巴-SW不太可能达到去年“双11”庆祝活动期间740亿美元的销售额。</blockquote></p><p> Alibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day could be shares of Alibaba itself. It has grown revenue by at least 32% every year over the past decade. Even now as Alibaba grapples with the COVID-19 crisis and the country's common prosperity objectives, trailing revenue has climbed 40%.</p><p><blockquote>阿里巴巴-SW进入光棍节，交易价格比去年年底创下的历史高点低49%。在中国政府打击多个行业后，投资者避开了中国的成长型股票，但光棍节真正便宜的可能是阿里巴巴-SW本身的股票。过去十年，该公司的收入每年至少增长32%。即使现在阿里巴巴-SW正在努力应对COVID-19危机和该国的共同繁荣目标，追踪收入仍增长了40%。</blockquote></p><p> 2. <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</p><p><blockquote>2.<a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</blockquote></p><p> The rise and fall of Zoom Video is well known. The videoconferencing platform skyrocketed in popularity during the early months of the pandemic when in-person classes, work meetings, and gatherings of friends and family weren't safe. Now that we're largely vaccinated and case counts are lower is there really a future for Zoom?</p><p><blockquote>Zoom Video的兴衰众所周知。在疫情的最初几个月，当面对面的课程、工作会议以及朋友和家人的聚会都不安全时，视频会议平台的受欢迎程度飙升。现在我们大部分人都接种了疫苗，病例数也减少了，Zoom真的有未来吗？</blockquote></p><p> The market seems to think that the future will be bleak. Like Alibaba, shares of Zoom peaked 13 months ago. Zoom stock has plummeted 57% since that high. The twist here is that Zoom is still growing. Revenue rose 54% inits latest quarter. Sure, revenue is decelerating. We're not going to return to the triple-digit top-line growth that Zoom posted in each of the five previous quarterly reports.</p><p><blockquote>市场似乎认为未来将黯淡无光。与阿里巴巴-SW一样，Zoom的股价在13个月前见顶。自该高点以来，Zoom股价已暴跌57%。这里的转折是Zoom仍在增长。最近一个季度收入增长了54%。当然，收入正在减速。我们不会回到Zoom在前五份季度报告中每份报告中公布的三位数营收增长。</blockquote></p><p> However, Zoom is still growing in the recovery climate. Video meetings will continue to be a cost-effective way to gather and get things done. Zoom is fleshing out its offerings, and a recently fumbled acquisition attempt won't stop the evolutionary process. There was a crazy time last year when Zoom was trading for more than 100 times trailing revenue. The one-two punch of heady sales growth and the cascading stock price finds that multiple whittled down to just 20 right now.</p><p><blockquote>然而，Zoom仍在复苏的环境中增长。视频会议将继续是一种具有成本效益的聚集和完成工作的方式。Zoom正在充实其产品，最近一次失败的收购尝试不会阻止这一演变过程。去年有一段疯狂的时期，Zoom的交易价格是往绩收入的100多倍。令人兴奋的销售增长和股价的连击发现，目前市盈率已降至仅20倍。</blockquote></p><p> 3. Pinterest</p><p><blockquote>3.Pinterest</blockquote></p><p> A year ago we were leaning on Pinterest to get crafty. The visual discovery engine was a valuable resource for recipes, decorating tips, and daydreaming about destinations we wanted to visit once we were able to safely travel after the pandemic.</p><p><blockquote>一年前，我们依靠Pinterest变得狡猾。一旦我们能够在疫情之后安全旅行，视觉发现引擎是食谱、装饰技巧和关于我们想去的目的地的白日梦的宝贵资源。</blockquote></p><p> Everything was going swimmingly for Pinterest until we were cool to toss out our sourdough starter and head outside to eat someone else's bread. Pinterest has now stunned investors with back-to-back sequential declines in active users. The stock has plummeted 49% from February's peak.</p><p><blockquote>对Pinterest来说，一切都很顺利，直到我们冷静下来，扔掉我们的酸面团发酵剂，出去吃别人的面包。Pinterest现在的活跃用户连续下降令投资者震惊。该股已较2月份的峰值暴跌49%。</blockquote></p><p> Last month&nbsp;<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b>&nbsp;was reportedly negotiating to buy Pinterest in a largely stock deal that would value Pinterest at$70 a share. Pinterest investors who were cocky about holding out for more would love a chance to get back there, as the stock has fallen sharply since the proposed combination came undone. Pinterest would have to appreciate by 53% to get to $70 now.</p><p><blockquote>上个月<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股</b>据报道，该公司正在就收购Pinterest进行谈判，这笔交易主要是股票交易，Pinterest的估值将达到每股70美元。那些对持有更多股票感到自豪的Pinterest投资者希望有机会回到那里，因为自拟议的合并取消以来，该股已大幅下跌。Pinterest必须升值53%才能达到现在的70美元。</blockquote></p><p> PayPal stock sold off on the initial chatter, but it continues to fall even now that a deal is not on the table. It probably won't come back on bended knee now that both stocks are out of favor, but Pinterest still has a vibrant platform with improving monetization. Revenue is still growing as advertisers flock its marketing opportunities to reach the lucrative Pinterest audience.</p><p><blockquote>PayPal的股票在最初的传言中遭到抛售，但即使现在交易尚未摆在桌面上，该股仍在继续下跌。既然这两只股票都失宠了，它可能不会卷土重来，但Pinterest仍然拥有一个充满活力的平台，货币化程度不断提高。随着广告商蜂拥其营销机会以吸引利润丰厚的Pinterest受众，收入仍在增长。</blockquote></p><p> Alibaba, Zoom, and Pinterest are still thrivinggrowth stocks. The shares just happen to be trading between 49% and 57% off their all-time highs. You don't need to wait for the market crash to happen to pick up bargains. They're out there now.</p><p><blockquote>阿里巴巴-SW、Zoom和Pinterest仍然是蓬勃发展的成长型股票。该股的交易价格恰好比历史高点低了49%至57%。你不需要等到市场崩盘时再买便宜货。他们现在就在外面。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/11/11/why-wait-for-a-crash-to-buy-these-3-top-stocks-are/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","ZM":"Zoom","PINS":"Pinterest, Inc."},"source_url":"https://www.fool.com/investing/2021/11/11/why-wait-for-a-crash-to-buy-these-3-top-stocks-are/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137718483","content_text":"Key Points\n\nAlibaba Group has plummeted 49% since peaking 13 months ago.\nAlibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.\nAlibaba and two other U.S. former market darlings have a strong chance to bounce back from here.\n\nThe market's getting volatile, but it's still trading close to its recent all-time highs. Are you waiting for the market to take a big hit before putting your money on the sidelines to work? Well, a lot of last year's biggest stars have already crashed.\nShares ofAlibaba Group Holding(NYSE:BABA),Zoom Video, and Pinterest have all plummeted at least 40% since hitting all-time highs. The markdowns seem overdone. Let's take a closer look.\n1. Alibaba\nThursday should've been a big day for China's online retailers. It's Singles' Day! Alibaba created the shopping holiday that takes place every year on Nov. 11 -- called Singles' Day because of the 11/11 date -- but it has since been widely adopted by smaller e-tailers.\nSingles' Day is hitting different this year. China's government push for \"common prosperity\" finds it unfashionable to tout commerce and consumption. Alibaba is highly unlikely to match the $74 billion it rang up in sales during last year's \"Double 11\" celebration.\nAlibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day could be shares of Alibaba itself. It has grown revenue by at least 32% every year over the past decade. Even now as Alibaba grapples with the COVID-19 crisis and the country's common prosperity objectives, trailing revenue has climbed 40%.\n2. Zoom Video\nThe rise and fall of Zoom Video is well known. The videoconferencing platform skyrocketed in popularity during the early months of the pandemic when in-person classes, work meetings, and gatherings of friends and family weren't safe. Now that we're largely vaccinated and case counts are lower is there really a future for Zoom?\nThe market seems to think that the future will be bleak. Like Alibaba, shares of Zoom peaked 13 months ago. Zoom stock has plummeted 57% since that high. The twist here is that Zoom is still growing. Revenue rose 54% inits latest quarter. Sure, revenue is decelerating. We're not going to return to the triple-digit top-line growth that Zoom posted in each of the five previous quarterly reports.\nHowever, Zoom is still growing in the recovery climate. Video meetings will continue to be a cost-effective way to gather and get things done. Zoom is fleshing out its offerings, and a recently fumbled acquisition attempt won't stop the evolutionary process. There was a crazy time last year when Zoom was trading for more than 100 times trailing revenue. The one-two punch of heady sales growth and the cascading stock price finds that multiple whittled down to just 20 right now.\n3. Pinterest\nA year ago we were leaning on Pinterest to get crafty. The visual discovery engine was a valuable resource for recipes, decorating tips, and daydreaming about destinations we wanted to visit once we were able to safely travel after the pandemic.\nEverything was going swimmingly for Pinterest until we were cool to toss out our sourdough starter and head outside to eat someone else's bread. Pinterest has now stunned investors with back-to-back sequential declines in active users. The stock has plummeted 49% from February's peak.\nLast month PayPal Holdings was reportedly negotiating to buy Pinterest in a largely stock deal that would value Pinterest at$70 a share. Pinterest investors who were cocky about holding out for more would love a chance to get back there, as the stock has fallen sharply since the proposed combination came undone. Pinterest would have to appreciate by 53% to get to $70 now.\nPayPal stock sold off on the initial chatter, but it continues to fall even now that a deal is not on the table. It probably won't come back on bended knee now that both stocks are out of favor, but Pinterest still has a vibrant platform with improving monetization. Revenue is still growing as advertisers flock its marketing opportunities to reach the lucrative Pinterest audience.\nAlibaba, Zoom, and Pinterest are still thrivinggrowth stocks. The shares just happen to be trading between 49% and 57% off their all-time highs. You don't need to wait for the market crash to happen to pick up bargains. They're out there now.","news_type":1,"symbols_score_info":{"ZM":0.9,"PINS":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":3030,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000640","authorId":"9000000000000640","name":"DaisyMoore","avatar":"https://static.tigerbbs.com/0b6d4586dc3002807c92bc57e1b3a6bd","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000640","idStr":"9000000000000640"},"content":"Only when the company constantly introduces new products can it continue to develop. Otherwise it will be eliminated by the market.","text":"Only when the company constantly introduces new products can it continue to develop. Otherwise it will be eliminated by the market.","html":"Only when the company constantly introduces new products can it continue to develop. Otherwise it will be eliminated by the market."},{"author":{"id":"9000000000000591","authorId":"9000000000000591","name":"EvelynHoover","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000591","idStr":"9000000000000591"},"content":"I also support Alibaba. It has diversified business. It also has a strong R & D capability, which makes it better and better","text":"I also support Alibaba. It has diversified business. It also has a strong R & D capability, which makes it better and better","html":"I also support Alibaba. It has diversified business. It also has a strong R & D capability, which makes it better and better"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879349861,"gmtCreate":1636684695996,"gmtModify":1636684696245,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ENPH\">$Enphase Energy(ENPH)$</a>This company differentiate itself from the rest of the solar companies… well done Enphase.","listText":"<a href=\"https://laohu8.com/S/ENPH\">$Enphase Energy(ENPH)$</a>This company differentiate itself from the rest of the solar companies… well done Enphase.","text":"$Enphase Energy(ENPH)$This company differentiate itself from the rest of the solar companies… well done Enphase.","images":[{"img":"https://static.tigerbbs.com/05f059b61f35dd1ce45a4c0a9b3aae0f","width":"750","height":"2389"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/879349861","isVote":1,"tweetType":1,"viewCount":2459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":847161168,"gmtCreate":1636501893087,"gmtModify":1636501893361,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/UPST\">$Upstart Holdings, Inc.(UPST)$</a>Is this the start ofthe end?","listText":"<a href=\"https://laohu8.com/S/UPST\">$Upstart Holdings, Inc.(UPST)$</a>Is this the start ofthe end?","text":"$Upstart Holdings, Inc.(UPST)$Is this the start ofthe end?","images":[{"img":"https://static.tigerbbs.com/1b778a35aabb358c5dadb6f4e409feb4","width":"750","height":"2389"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847161168","isVote":1,"tweetType":1,"viewCount":2160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":845632846,"gmtCreate":1636333694559,"gmtModify":1636333694830,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/M\">$Macy's(M)$</a>Is this a good buy now? Any comment?","listText":"<a href=\"https://laohu8.com/S/M\">$Macy's(M)$</a>Is this a good buy now? Any comment?","text":"$Macy's(M)$Is this a good buy now? Any comment?","images":[{"img":"https://static.tigerbbs.com/84a6c256594047f72cd120c34b5987af","width":"750","height":"2443"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845632846","isVote":1,"tweetType":1,"viewCount":577,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":845101169,"gmtCreate":1636295424486,"gmtModify":1636296855239,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ABNB\">$Airbnb, Inc.(ABNB)$</a>Miss this big time","listText":"<a href=\"https://laohu8.com/S/ABNB\">$Airbnb, Inc.(ABNB)$</a>Miss this big time","text":"$Airbnb, Inc.(ABNB)$Miss this big time","images":[{"img":"https://static.tigerbbs.com/103fb87079609243d04e4559302c75d6","width":"750","height":"2443"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845101169","isVote":1,"tweetType":1,"viewCount":1265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":848418275,"gmtCreate":1636019001539,"gmtModify":1636019001747,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZG\">$Zillow(ZG)$</a>So painful","listText":"<a href=\"https://laohu8.com/S/ZG\">$Zillow(ZG)$</a>So painful","text":"$Zillow(ZG)$So painful","images":[{"img":"https://static.tigerbbs.com/fa1daeb53ca673c3e6acccefad0b8157","width":"750","height":"1760"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848418275","isVote":1,"tweetType":1,"viewCount":1243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":848413702,"gmtCreate":1636018909221,"gmtModify":1636018909423,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Go go go","listText":"Go go go","text":"Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848413702","repostId":"1167064150","repostType":4,"repost":{"id":"1167064150","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":1636015649,"share":"https://www.laohu8.com/m/news/1167064150?lang=zh_CN&edition=full","pubTime":"2021-11-04 16:47","market":"us","language":"en","title":"Hot chinese concept stocks rallied in premarket trading<blockquote>热门中概股盘前上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167064150","media":"Tiger Newspress","summary":"Hot chinese concept stocks rallied in premarket trading.Alibaba,JD.com,Pinduoduo,Baidu,Bilibili,KE h","content":"<p>Hot&nbsp;chinese&nbsp;concept&nbsp;stocks&nbsp;rallied&nbsp;in&nbsp;premarket&nbsp;trading.Alibaba,JD.com,Pinduoduo,Baidu,Bilibili,KE holding,Didi Global,Nio,Xpeng Motors and Li Auto climbed between 1% and 4%.</p><p><blockquote>热门中概股盘前上涨，阿里巴巴-SW、京东、拼多多、百度、哔哩哔哩、贝壳控股、滴滴全球、蔚来、小鹏汽车和理想汽车涨幅在1%至4%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/62b8b12c5eeaa21666c060337f5740ff\" tg-width=\"403\" tg-height=\"718\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot chinese concept stocks rallied in premarket trading<blockquote>热门中概股盘前上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHot chinese concept stocks rallied in premarket trading<blockquote>热门中概股盘前上涨</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\">2021-11-04 16:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Hot&nbsp;chinese&nbsp;concept&nbsp;stocks&nbsp;rallied&nbsp;in&nbsp;premarket&nbsp;trading.Alibaba,JD.com,Pinduoduo,Baidu,Bilibili,KE holding,Didi Global,Nio,Xpeng Motors and Li Auto climbed between 1% and 4%.</p><p><blockquote>热门中概股盘前上涨，阿里巴巴-SW、京东、拼多多、百度、哔哩哔哩、贝壳控股、滴滴全球、蔚来、小鹏汽车和理想汽车涨幅在1%至4%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/62b8b12c5eeaa21666c060337f5740ff\" tg-width=\"403\" tg-height=\"718\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","PDD":"拼多多","JD":"京东"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167064150","content_text":"Hot chinese concept stocks rallied in premarket trading.Alibaba,JD.com,Pinduoduo,Baidu,Bilibili,KE holding,Didi Global,Nio,Xpeng Motors and Li Auto climbed between 1% and 4%.","news_type":1,"symbols_score_info":{"PDD":0.9,"BABA":0.9,"JD":0.9}},"isVote":1,"tweetType":1,"viewCount":518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848413184,"gmtCreate":1636018870087,"gmtModify":1636018870314,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"This is just incredible…. Will it be like last year?","listText":"This is just incredible…. Will it be like last year?","text":"This is just incredible…. Will it be like last year?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848413184","repostId":"1184547180","repostType":4,"repost":{"id":"1184547180","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":1636013921,"share":"https://www.laohu8.com/m/news/1184547180?lang=zh_CN&edition=full","pubTime":"2021-11-04 16:18","market":"us","language":"en","title":"Tesla shares surged more than 2% to a new high in premarket trading<blockquote>特斯拉股价在盘前交易中飙升逾2%至新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184547180","media":"Tiger Newspress","summary":"Tesla shares surged more than 2% to a new high in premarket trading.","content":"<p>Tesla shares surged more&nbsp;than&nbsp;2% to a new high in premarket trading.</p><p><blockquote>特斯拉股价在盘前交易中飙升逾2%，创下新高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e3a05912968b722506b7360bb563f229\" tg-width=\"850\" tg-height=\"618\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla shares surged more than 2% to a new high in premarket trading<blockquote>特斯拉股价在盘前交易中飙升逾2%至新高</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\">\nTesla shares surged more than 2% to a new high in premarket trading<blockquote>特斯拉股价在盘前交易中飙升逾2%至新高</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\">2021-11-04 16:18</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla shares surged more&nbsp;than&nbsp;2% to a new high in premarket trading.</p><p><blockquote>特斯拉股价在盘前交易中飙升逾2%，创下新高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e3a05912968b722506b7360bb563f229\" tg-width=\"850\" tg-height=\"618\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184547180","content_text":"Tesla shares surged more than 2% to a new high in premarket trading.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":696,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841470028,"gmtCreate":1635938644146,"gmtModify":1635939051350,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>Why is it still rising….","listText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>Why is it still rising….","text":"$Sea Ltd(SE)$Why is it still rising….","images":[{"img":"https://static.tigerbbs.com/ee553d8c3d501a7cec2406aad480e87a","width":"750","height":"1869"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/841470028","isVote":1,"tweetType":1,"viewCount":1027,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":843445949,"gmtCreate":1635854348803,"gmtModify":1635854348917,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SOFI\">$SoFi Technologies Inc.(SOFI)$</a>Will it moon again?","listText":"<a href=\"https://laohu8.com/S/SOFI\">$SoFi Technologies Inc.(SOFI)$</a>Will it moon again?","text":"$SoFi Technologies Inc.(SOFI)$Will it moon again?","images":[{"img":"https://static.tigerbbs.com/c216ca702d1a9d164f9dd25590a8d035","width":"750","height":"1924"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/843445949","isVote":1,"tweetType":1,"viewCount":575,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":849129836,"gmtCreate":1635736042252,"gmtModify":1635736042325,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZG\">$Zillow(ZG)$</a>Expecting Zillow to hit their expection despite they stopped buying houses for flipping. Bullish on them.","listText":"<a href=\"https://laohu8.com/S/ZG\">$Zillow(ZG)$</a>Expecting Zillow to hit their expection despite they stopped buying houses for flipping. Bullish on them.","text":"$Zillow(ZG)$Expecting Zillow to hit their expection despite they stopped buying houses for flipping. Bullish on them.","images":[{"img":"https://static.tigerbbs.com/82d28ef6d4390f134b3a0cbff0950c82","width":"750","height":"1815"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/849129836","isVote":1,"tweetType":1,"viewCount":826,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":857472666,"gmtCreate":1635558319217,"gmtModify":1635558319286,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Will Tesla break through $1200 next week?","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Will Tesla break through $1200 next week?","text":"$Tesla Motors(TSLA)$Will Tesla break through $1200 next week?","images":[{"img":"https://static.tigerbbs.com/4e032ae526479e62f8d1258e1e90e268","width":"750","height":"1869"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/857472666","isVote":1,"tweetType":1,"viewCount":572,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":854776219,"gmtCreate":1635489309976,"gmtModify":1635489358479,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Buy the dip!","listText":"Buy the dip!","text":"Buy the dip!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/854776219","repostId":"1146294800","repostType":4,"repost":{"id":"1146294800","kind":"news","pubTimestamp":1635472918,"share":"https://www.laohu8.com/m/news/1146294800?lang=zh_CN&edition=full","pubTime":"2021-10-29 10:01","market":"us","language":"en","title":"Apple and Amazon are struggling, so investors may want to look to these tech stocks instead<blockquote>苹果和亚马逊正在苦苦挣扎，因此投资者可能会转而关注这些科技股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146294800","media":"MarketWatch","summary":"As companies focused on getting goods to consumers struggle with supply-chain issues heading into th","content":"<p>As companies focused on getting goods to consumers struggle with supply-chain issues heading into the holidays, enterprise software companies are looking strong</p><p><blockquote>随着专注于向消费者提供商品的公司在假期前努力解决供应链问题，企业软件公司看起来表现强劲</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0123d1db0a69d3c06a49bc51bc84fc1\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"><span>A logjam of container ships, at top, wait to offload at the Port of Los Angeles in September. Supply-chain issues are expected to weigh heavily on both Apple and Amazon this quarter.</span></p><p><blockquote><p class=\"t-img-caption\"><span>九月，一艘集装箱船在洛杉矶港等待卸货。供应链问题预计将在本季度给苹果和亚马逊带来沉重压力。</span></p></blockquote></p><p> Both Apple Inc. and Amazon.com Inc. had rare earnings disappointments on Thursday, which may lead investors to look in another direction for big holiday returns.</p><p><blockquote>苹果公司和亚马逊公司周四的盈利都罕见地令人失望，这可能会导致投资者转向另一个方向寻求丰厚的假期回报。</blockquote></p><p> This column warned that the two tech giants could stumble this quarter, as the supply-chain issues that had been affecting other industries took a bite out of both Apple&nbsp;and Amazon.It appears those issues will continue into the normally huge holiday quarter for the consumer-focused companies, while a natural rival of both — Microsoft Corp.&nbsp;— offered a huge holiday forecast just a few days earlier.</p><p><blockquote>本专栏警告称，这两家科技巨头本季度可能会陷入困境，因为一直影响其他行业的供应链问题对苹果和亚马逊都造成了影响。对于以消费者为中心的公司来说，这些问题似乎将持续到通常巨大的假期季度，而两者的天然竞争对手——微软公司——就在几天前提供了巨大的假期预测。</blockquote></p><p> Apple reported a rare revenue miss — its first since the December quarter of 2018 — with revenue of $83.4 billion coming in $1.7 billion below analysts’ estimates of $85.1 billion for its fiscal fourth quarter. Since the pandemic, Apple no longer gives revenue guidance, but the bulk of the revenue shortfall came from iPhone sales, which came in $2.1 billion below analysts expectations. Sales of Macs and iPads, however, exceeded estimates.</p><p><blockquote>苹果公布了罕见的营收下滑，这是自2018年12月季度以来的首次下滑，第四财季营收为834亿美元，比分析师预期的851亿美元低17亿美元。自疫情爆发以来，苹果不再给出收入指引，但大部分收入缺口来自iPhone销量，比分析师预期低21亿美元。然而，Mac和iPad的销量超出了预期。</blockquote></p><p> Apple’s Chief Financial Officer Luca Maestri told analysts that the ongoing supply constraints hurt its revenue by around $6 billion, and that the impact will be larger in the December quarter. The products most effected were the iPhone, the iPad and the Mac, and the constraints were caused by both semiconductor shortages and manufacturing disruptions because of the COVID-19 pandemic.</p><p><blockquote>苹果首席财务官Luca Maestri告诉分析师，持续的供应限制使其收入损失了约60亿美元，并且在12月季度的影响将更大。受影响最大的产品是iPhone、iPad和Mac，这些限制是由半导体短缺和COVID-19大流行导致的制造中断造成的。</blockquote></p><p> Amazon reported an even sharper-than-expected drop in earnings, with a huge surge in expenses, as it tried to shore up staff and dealt with unprecedented supply-chain issues. Amazon’s costs to fulfill and ship orders increased to $18.5 billion from $14.71 billion. Amazon reported third-quarter earnings per share of $6.12, a drop of nearly 50% from the year-ago and below analysts’ average expectations of $8.90 a share.</p><p><blockquote>亚马逊报告称，由于试图支持员工并处理前所未有的供应链问题，盈利下降幅度甚至超出预期，支出大幅飙升。亚马逊履行和运送订单的成本从147.1亿美元增加到185亿美元。亚马逊公布第三季度每股收益为6.12美元，同比下降近50%，低于分析师平均预期的每股8.90美元。</blockquote></p><p> These higher fulfillment and employee costs, like Apple’s supply-chain constraints, will continue in the fourth quarter, usually the biggest for consumer-related tech companies. Amazon CEO Andy Jassy said in a statement that Amazon expects to incur “several billion dollars of additional costs” in its consumer business, as it deals with “labor supply shortages, increased wage costs, global supply-chain issues, and increased freight and shipping costs.”</p><p><blockquote>这些较高的履约和员工成本，以及苹果的供应链限制，将持续到第四季度，通常是消费相关的科技公司的最大表现。亚马逊首席执行官安迪·贾西(Andy Jassy)在一份声明中表示，亚马逊预计其消费者业务将产生“数十亿美元的额外成本”，因为它要应对“劳动力供应短缺、工资成本增加、全球供应链问题以及运费和运输成本增加”。”</blockquote></p><p> The shares of both tech mega stars — which both trade over $1 trillion in market cap — tumbled in after-hours trading, with Apple falling 3.53% while Amazon lost 4%.</p><p><blockquote>这两家市值均超过1万亿美元的科技巨头的股价在盘后交易中暴跌，其中苹果下跌3.53%，亚马逊下跌4%。</blockquote></p><p> While neither company is seeing any loss of demand — in fact the opposite is occurring because they cannot keep up with demand amid the global shipping and product constraints — the news was a downer for investors counting on them to finish the year strongly. As consumer-focused companies could have a harder time meeting all the demand in the upcoming holiday season, corporate-focused tech giants — such as Microsoft — could be a safer play for now.</p><p><blockquote>虽然两家公司都没有看到任何需求损失——事实上，情况恰恰相反，因为在全球运输和产品限制的情况下，它们无法跟上需求——但这一消息令指望它们强劲结束今年的投资者感到沮丧。由于以消费者为中心的公司可能很难在即将到来的假期满足所有需求，因此以企业为中心的科技巨头——例如微软——目前可能是更安全的选择。</blockquote></p><p> Earlier this week, Microsoft topped $20 billion in net income for the first time, with PC revenue beating expectations and the company’s fast-growing cloud business still its biggest driver. The company’s shares were up slightly in after-hours trading Thursday and were on the way to potentially surpassing Apple in market value in regular trading hours on Friday.</p><p><blockquote>本周早些时候，微软净利润首次突破200亿美元，PC收入超出预期，该公司快速增长的云业务仍是其最大驱动力。该公司股价在周四盘后交易中小幅上涨，并有望在周五常规交易时间超过苹果。</blockquote></p><p> Microsoft is not the only software name trending higher heading into the holidays. Atlassian,the maker of team collaboration software, saw its shares soar 9% on Thursday after blowing past Wall Street’s estimates&nbsp;and seeing revenue for its its cloud-based products soar 50%. On Wednesday, cloud-based software provider ServiceNow Inc.&nbsp;beat estimates, and one analyst on Wall Street raised its price target; its shares climbed 3.45% on Thursday.</p><p><blockquote>微软并不是唯一一个在假期期间走高的软件公司。团队协作软件制造商Atlassian周四股价飙升9%，此前其基于云的产品收入飙升50%，超出了华尔街的预期。周三，基于云的软件提供商ServiceNow Inc.超出预期，华尔街一位分析师上调了其目标价；周四其股价上涨3.45%。</blockquote></p><p> Investors looking to stock up on tech stocks for the holidays might want to move away from the traditional players — like Apple and Amazon — and look at enterprise software developers and other cloud-computing players. They may be a bit more boring, but they are poised for more growth in the coming fourth quarter, and could be better stocking-stuffers than the more consumer-focused giants.</p><p><blockquote>希望在假期买入科技股的投资者可能希望远离苹果和亚马逊等传统公司，转而关注企业软件开发商和其他云计算公司。它们可能有点无聊，但它们有望在即将到来的第四季度实现更多增长，并且可能比更注重消费者的巨头更好地填充库存。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple and Amazon are struggling, so investors may want to look to these tech stocks instead<blockquote>苹果和亚马逊正在苦苦挣扎，因此投资者可能会转而关注这些科技股</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 and Amazon are struggling, so investors may want to look to these tech stocks instead<blockquote>苹果和亚马逊正在苦苦挣扎，因此投资者可能会转而关注这些科技股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-10-29 10:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As companies focused on getting goods to consumers struggle with supply-chain issues heading into the holidays, enterprise software companies are looking strong</p><p><blockquote>随着专注于向消费者提供商品的公司在假期前努力解决供应链问题，企业软件公司看起来表现强劲</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0123d1db0a69d3c06a49bc51bc84fc1\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"><span>A logjam of container ships, at top, wait to offload at the Port of Los Angeles in September. Supply-chain issues are expected to weigh heavily on both Apple and Amazon this quarter.</span></p><p><blockquote><p class=\"t-img-caption\"><span>九月，一艘集装箱船在洛杉矶港等待卸货。供应链问题预计将在本季度给苹果和亚马逊带来沉重压力。</span></p></blockquote></p><p> Both Apple Inc. and Amazon.com Inc. had rare earnings disappointments on Thursday, which may lead investors to look in another direction for big holiday returns.</p><p><blockquote>苹果公司和亚马逊公司周四的盈利都罕见地令人失望，这可能会导致投资者转向另一个方向寻求丰厚的假期回报。</blockquote></p><p> This column warned that the two tech giants could stumble this quarter, as the supply-chain issues that had been affecting other industries took a bite out of both Apple&nbsp;and Amazon.It appears those issues will continue into the normally huge holiday quarter for the consumer-focused companies, while a natural rival of both — Microsoft Corp.&nbsp;— offered a huge holiday forecast just a few days earlier.</p><p><blockquote>本专栏警告称，这两家科技巨头本季度可能会陷入困境，因为一直影响其他行业的供应链问题对苹果和亚马逊都造成了影响。对于以消费者为中心的公司来说，这些问题似乎将持续到通常巨大的假期季度，而两者的天然竞争对手——微软公司——就在几天前提供了巨大的假期预测。</blockquote></p><p> Apple reported a rare revenue miss — its first since the December quarter of 2018 — with revenue of $83.4 billion coming in $1.7 billion below analysts’ estimates of $85.1 billion for its fiscal fourth quarter. Since the pandemic, Apple no longer gives revenue guidance, but the bulk of the revenue shortfall came from iPhone sales, which came in $2.1 billion below analysts expectations. Sales of Macs and iPads, however, exceeded estimates.</p><p><blockquote>苹果公布了罕见的营收下滑，这是自2018年12月季度以来的首次下滑，第四财季营收为834亿美元，比分析师预期的851亿美元低17亿美元。自疫情爆发以来，苹果不再给出收入指引，但大部分收入缺口来自iPhone销量，比分析师预期低21亿美元。然而，Mac和iPad的销量超出了预期。</blockquote></p><p> Apple’s Chief Financial Officer Luca Maestri told analysts that the ongoing supply constraints hurt its revenue by around $6 billion, and that the impact will be larger in the December quarter. The products most effected were the iPhone, the iPad and the Mac, and the constraints were caused by both semiconductor shortages and manufacturing disruptions because of the COVID-19 pandemic.</p><p><blockquote>苹果首席财务官Luca Maestri告诉分析师，持续的供应限制使其收入损失了约60亿美元，并且在12月季度的影响将更大。受影响最大的产品是iPhone、iPad和Mac，这些限制是由半导体短缺和COVID-19大流行导致的制造中断造成的。</blockquote></p><p> Amazon reported an even sharper-than-expected drop in earnings, with a huge surge in expenses, as it tried to shore up staff and dealt with unprecedented supply-chain issues. Amazon’s costs to fulfill and ship orders increased to $18.5 billion from $14.71 billion. Amazon reported third-quarter earnings per share of $6.12, a drop of nearly 50% from the year-ago and below analysts’ average expectations of $8.90 a share.</p><p><blockquote>亚马逊报告称，由于试图支持员工并处理前所未有的供应链问题，盈利下降幅度甚至超出预期，支出大幅飙升。亚马逊履行和运送订单的成本从147.1亿美元增加到185亿美元。亚马逊公布第三季度每股收益为6.12美元，同比下降近50%，低于分析师平均预期的每股8.90美元。</blockquote></p><p> These higher fulfillment and employee costs, like Apple’s supply-chain constraints, will continue in the fourth quarter, usually the biggest for consumer-related tech companies. Amazon CEO Andy Jassy said in a statement that Amazon expects to incur “several billion dollars of additional costs” in its consumer business, as it deals with “labor supply shortages, increased wage costs, global supply-chain issues, and increased freight and shipping costs.”</p><p><blockquote>这些较高的履约和员工成本，以及苹果的供应链限制，将持续到第四季度，通常是消费相关的科技公司的最大表现。亚马逊首席执行官安迪·贾西(Andy Jassy)在一份声明中表示，亚马逊预计其消费者业务将产生“数十亿美元的额外成本”，因为它要应对“劳动力供应短缺、工资成本增加、全球供应链问题以及运费和运输成本增加”。”</blockquote></p><p> The shares of both tech mega stars — which both trade over $1 trillion in market cap — tumbled in after-hours trading, with Apple falling 3.53% while Amazon lost 4%.</p><p><blockquote>这两家市值均超过1万亿美元的科技巨头的股价在盘后交易中暴跌，其中苹果下跌3.53%，亚马逊下跌4%。</blockquote></p><p> While neither company is seeing any loss of demand — in fact the opposite is occurring because they cannot keep up with demand amid the global shipping and product constraints — the news was a downer for investors counting on them to finish the year strongly. As consumer-focused companies could have a harder time meeting all the demand in the upcoming holiday season, corporate-focused tech giants — such as Microsoft — could be a safer play for now.</p><p><blockquote>虽然两家公司都没有看到任何需求损失——事实上，情况恰恰相反，因为在全球运输和产品限制的情况下，它们无法跟上需求——但这一消息令指望它们强劲结束今年的投资者感到沮丧。由于以消费者为中心的公司可能很难在即将到来的假期满足所有需求，因此以企业为中心的科技巨头——例如微软——目前可能是更安全的选择。</blockquote></p><p> Earlier this week, Microsoft topped $20 billion in net income for the first time, with PC revenue beating expectations and the company’s fast-growing cloud business still its biggest driver. The company’s shares were up slightly in after-hours trading Thursday and were on the way to potentially surpassing Apple in market value in regular trading hours on Friday.</p><p><blockquote>本周早些时候，微软净利润首次突破200亿美元，PC收入超出预期，该公司快速增长的云业务仍是其最大驱动力。该公司股价在周四盘后交易中小幅上涨，并有望在周五常规交易时间超过苹果。</blockquote></p><p> Microsoft is not the only software name trending higher heading into the holidays. Atlassian,the maker of team collaboration software, saw its shares soar 9% on Thursday after blowing past Wall Street’s estimates&nbsp;and seeing revenue for its its cloud-based products soar 50%. On Wednesday, cloud-based software provider ServiceNow Inc.&nbsp;beat estimates, and one analyst on Wall Street raised its price target; its shares climbed 3.45% on Thursday.</p><p><blockquote>微软并不是唯一一个在假期期间走高的软件公司。团队协作软件制造商Atlassian周四股价飙升9%，此前其基于云的产品收入飙升50%，超出了华尔街的预期。周三，基于云的软件提供商ServiceNow Inc.超出预期，华尔街一位分析师上调了其目标价；周四其股价上涨3.45%。</blockquote></p><p> Investors looking to stock up on tech stocks for the holidays might want to move away from the traditional players — like Apple and Amazon — and look at enterprise software developers and other cloud-computing players. They may be a bit more boring, but they are poised for more growth in the coming fourth quarter, and could be better stocking-stuffers than the more consumer-focused giants.</p><p><blockquote>希望在假期买入科技股的投资者可能希望远离苹果和亚马逊等传统公司，转而关注企业软件开发商和其他云计算公司。它们可能有点无聊，但它们有望在即将到来的第四季度实现更多增长，并且可能比更注重消费者的巨头更好地填充库存。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/apple-and-amazon-are-struggling-so-investors-may-want-to-look-to-these-tech-stocks-instead-11635469850?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","AAPL":"苹果","MSFT":"微软","TEAM":"Atlassian Corporation PLC","NOW":"ServiceNow"},"source_url":"https://www.marketwatch.com/story/apple-and-amazon-are-struggling-so-investors-may-want-to-look-to-these-tech-stocks-instead-11635469850?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146294800","content_text":"As companies focused on getting goods to consumers struggle with supply-chain issues heading into the holidays, enterprise software companies are looking strong\nA logjam of container ships, at top, wait to offload at the Port of Los Angeles in September. Supply-chain issues are expected to weigh heavily on both Apple and Amazon this quarter.\nBoth Apple Inc. and Amazon.com Inc. had rare earnings disappointments on Thursday, which may lead investors to look in another direction for big holiday returns.\nThis column warned that the two tech giants could stumble this quarter, as the supply-chain issues that had been affecting other industries took a bite out of both Apple and Amazon.It appears those issues will continue into the normally huge holiday quarter for the consumer-focused companies, while a natural rival of both — Microsoft Corp. — offered a huge holiday forecast just a few days earlier.\nApple reported a rare revenue miss — its first since the December quarter of 2018 — with revenue of $83.4 billion coming in $1.7 billion below analysts’ estimates of $85.1 billion for its fiscal fourth quarter. Since the pandemic, Apple no longer gives revenue guidance, but the bulk of the revenue shortfall came from iPhone sales, which came in $2.1 billion below analysts expectations. Sales of Macs and iPads, however, exceeded estimates.\nApple’s Chief Financial Officer Luca Maestri told analysts that the ongoing supply constraints hurt its revenue by around $6 billion, and that the impact will be larger in the December quarter. The products most effected were the iPhone, the iPad and the Mac, and the constraints were caused by both semiconductor shortages and manufacturing disruptions because of the COVID-19 pandemic.\nAmazon reported an even sharper-than-expected drop in earnings, with a huge surge in expenses, as it tried to shore up staff and dealt with unprecedented supply-chain issues. Amazon’s costs to fulfill and ship orders increased to $18.5 billion from $14.71 billion. Amazon reported third-quarter earnings per share of $6.12, a drop of nearly 50% from the year-ago and below analysts’ average expectations of $8.90 a share.\nThese higher fulfillment and employee costs, like Apple’s supply-chain constraints, will continue in the fourth quarter, usually the biggest for consumer-related tech companies. Amazon CEO Andy Jassy said in a statement that Amazon expects to incur “several billion dollars of additional costs” in its consumer business, as it deals with “labor supply shortages, increased wage costs, global supply-chain issues, and increased freight and shipping costs.”\nThe shares of both tech mega stars — which both trade over $1 trillion in market cap — tumbled in after-hours trading, with Apple falling 3.53% while Amazon lost 4%.\nWhile neither company is seeing any loss of demand — in fact the opposite is occurring because they cannot keep up with demand amid the global shipping and product constraints — the news was a downer for investors counting on them to finish the year strongly. As consumer-focused companies could have a harder time meeting all the demand in the upcoming holiday season, corporate-focused tech giants — such as Microsoft — could be a safer play for now.\nEarlier this week, Microsoft topped $20 billion in net income for the first time, with PC revenue beating expectations and the company’s fast-growing cloud business still its biggest driver. The company’s shares were up slightly in after-hours trading Thursday and were on the way to potentially surpassing Apple in market value in regular trading hours on Friday.\nMicrosoft is not the only software name trending higher heading into the holidays. Atlassian,the maker of team collaboration software, saw its shares soar 9% on Thursday after blowing past Wall Street’s estimates and seeing revenue for its its cloud-based products soar 50%. On Wednesday, cloud-based software provider ServiceNow Inc. beat estimates, and one analyst on Wall Street raised its price target; its shares climbed 3.45% on Thursday.\nInvestors looking to stock up on tech stocks for the holidays might want to move away from the traditional players — like Apple and Amazon — and look at enterprise software developers and other cloud-computing players. They may be a bit more boring, but they are poised for more growth in the coming fourth quarter, and could be better stocking-stuffers than the more consumer-focused giants.","news_type":1,"symbols_score_info":{"AAPL":0.9,"NOW":0.9,"TEAM":0.9,"AMZN":0.9,"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":725,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":606092355,"gmtCreate":1638799283893,"gmtModify":1638800035612,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"More pain may be on the way…. But it doesn’t mean it is a bad thing in long term","listText":"More pain may be on the way…. But it doesn’t mean it is a bad thing in long term","text":"More pain may be on the way…. But it doesn’t mean it is a bad thing in long term","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/606092355","repostId":"1138852642","repostType":4,"repost":{"id":"1138852642","kind":"news","pubTimestamp":1638769615,"share":"https://www.laohu8.com/m/news/1138852642?lang=zh_CN&edition=full","pubTime":"2021-12-06 13:46","market":"us","language":"en","title":"What Scares the Stock Market More Than Covid? The Federal Reserve<blockquote>有什么比Covid更让股市害怕？美联储</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138852642","media":"Barrons","summary":"Now can we have a correction?\nWe’d hoped for something better, like a melt-up into the end of the ye","content":"<p>Now can we have a correction?</p><p><blockquote>现在我们能纠正一下吗？</blockquote></p><p> We’d hoped for something better, like a melt-up into the end of the year. But after watching the stock market get knocked down this past week after slumping on Black Friday—thanks to the discovery of the Omicron variant of Covid-19—it doesn’t seem to be in the cards. Not after the S&amp;P 500 index finished the week down 1.2%, while the Dow Jones Industrial Average fell 319.26 points, or 0.9%, and the Nasdaq Composite slumped 2.6%. The small-cap Russell 2000, down 3.9% for the week, closed in correction territory on Wednesday.</p><p><blockquote>我们曾希望有更好的结果，比如年底前的融化。但由于发现了Covid-19的奥密克戎变种，股市在过去一周黑色星期五暴跌后暴跌，这似乎不太可能。标普500指数本周下跌1.2%，道琼斯工业平均指数下跌319.26点，跌幅0.9%，纳斯达克综合指数下跌2.6%。小盘股罗素2000指数本周下跌3.9%，周三收于回调区域。</blockquote></p><p> Those numbers fail to capture just how volatile the week was. After a small rally on Monday, the Dow tumbled 652.22 points on Tuesday. On Wednesday, it rallied in early trading before giving back those gains—and then some—to finish down 461.68 points, and only seven stocks in the S&amp;P 500, including Apple (ticker: AAPL), managed to finish higher. On Thursday, the Dow had its biggest gain since March, but Apple dropped 0.6% following reports it was preparing suppliers for lukewarm iPhone demand.</p><p><blockquote>这些数字未能反映出本周的波动程度。在周一小幅上涨后，道琼斯指数周二暴跌652.22点。周三，该股在早盘交易中上涨，随后回吐了部分涨幅，最终下跌461.68点，标普500只有包括苹果（股票代码：AAPL）在内的七只股票收盘走高。周四，道琼斯指数创3月份以来最大涨幅，但苹果下跌0.6%，此前有报道称该公司正在让供应商为iPhone需求冷淡做好准备。</blockquote></p><p> On Friday, the Nasdaq got hammered as large, pricey growth stocks, including Adobe (ADBE), Tesla (TSLA), and Nvidia (NVDA), finally got caught up in the selling. “Given the overvalued conditions of many ‘growth’ names, the latter bore the brunt of this week’s correction,” observes Canaccord Genuity analyst Martin Roberge.</p><p><blockquote>周五，纳斯达克遭受重创，包括Adobe(ADBE)、特斯拉(TSLA)和英伟达(NVDA)在内的大型、昂贵的成长型股票最终陷入抛售。Canaccord Genuity分析师马丁·罗伯格(Martin Roberge)表示：“鉴于许多‘成长型’公司的估值过高，后者在本周的调整中首当其冲。”</blockquote></p><p> The S&amp;P 500 finished the week 3.5% off its 2021 high, which is a bit less than the index fell in September, when everyone was predicting a correction that never arrived. This selloff looks like it has more legs. Gone are the generalized fears about valuations and a looming earnings season—which turned out to be just fine—replaced by a new Covid variant and the start of the Federal Reserve’s tightening cycle.</p><p><blockquote>标普500本周收盘较2021年高点下跌3.5%，略低于该指数9月份的跌幅，当时所有人都预测回调从未到来。这次抛售看起来有更多的腿。对估值和即将到来的财报季的普遍担忧已经一去不复返了——事实证明财报季还不错——取而代之的是新的新冠病毒变种和美联储紧缩周期的开始。</blockquote></p><p> Omicron was bad enough on its own—no one knows how much it will hurt the economy—but then Fed Chairman Jerome Powell had to go and acknowledge that inflation isn’t transitory after all and the taper might have to go faster than expected.</p><p><blockquote>奥密克戎本身就已经够糟糕的了——没有人知道它会对经济造成多大伤害——但随后美联储主席Jerome Powell不得不承认通胀毕竟不是暂时的，缩减可能需要比预期更快。</blockquote></p><p> “He leaned on that message so strongly, it tells you some strategy change is coming,” says Dave Donabedian, chief investment officer at CIBC Private Wealth US.</p><p><blockquote>CIBC Private Wealth US首席投资官戴夫·多纳贝迪安(Dave Donabedian)表示：“他非常依赖这一信息，这告诉你一些策略即将发生变化。”</blockquote></p><p> The timing was a bit strange. Headlines about Omicron being found in the U.S. were already troubling the markets. Powell made it worse. Still, rather than asking why he chose that day to make his comments, maybe investors should be asking how much stronger his statement could have been. “Imagine what the speech would have sounded like without the variant,” says MKM Partners Chief Economist Michael Darda.</p><p><blockquote>时机有点奇怪。有关奥密克戎在美国被发现的头条新闻已经让市场感到不安。鲍威尔让情况变得更糟。尽管如此，也许投资者不应该问他为什么选择那天发表评论，而应该问他的声明还能有多强烈。MKM Partners首席经济学家迈克尔·达尔达(Michael Darda)表示：“想象一下，如果没有这种变体，演讲听起来会是什么样子。”</blockquote></p><p> The thing is, Powell is absolutely right to be tacking hawkish, given the strength of the U.S. economy. The jobs report, despite a big headline miss, was solid, with the unemployment rate falling to 4.2% and the participation rate rising to 61.8%. The Institute for Supply Management’s non-manufacturing survey hit 69.1, a record, while the manufacturing index also remains above 60.</p><p><blockquote>问题是，鉴于美国经济的实力，鲍威尔采取鹰派立场是绝对正确的。就业报告尽管出现了重大失误，但表现稳健，失业率降至4.2%，参与率升至61.8%。美国供应管理协会的非制造业调查达到创纪录的69.1，而制造业指数也保持在60以上。</blockquote></p><p> The data has been so good that the Atlanta Fed’s GDPNow estimate for fourth-quarter growth in the U.S. recently hit 9.7%. The consumer price index, which is set to be released this coming Friday, is expected to have risen 0.65% in November. All of that suggests that the economy is ready for tighter monetary policy, even if the stock market isn’t. “Powell is right, even if the market freaks out a little bit,” Darda says.</p><p><blockquote>数据如此之好，以至于亚特兰大联储对美国第四季度增长的GDPNow估计最近达到了9.7%。定于本周五发布的消费者价格指数预计11月份上涨0.65%。所有这些都表明，经济已为收紧货币政策做好了准备，即使股市尚未做好准备。“鲍威尔是对的，即使市场有点恐慌，”达尔达说。</blockquote></p><p> Don’t be surprised if it freaks out a bit more.</p><p><blockquote>如果它变得更疯狂一点，不要感到惊讶。</blockquote></p><p> <b>Morgan Stanley Sees Fed as Bigger Threat to Stocks Than Omicron</b></p><p><blockquote><b>大摩认为美联储对股市的威胁比奥密克戎更大</b></blockquote></p><p> Stock investors probably have more important things to worry about than the emergence of the new coronavirus strain, according to Morgan Stanley strategists.</p><p><blockquote>摩根士丹利策略师表示，股票投资者可能有比新冠病毒株的出现更重要的事情需要担心。</blockquote></p><p> While they are “not that concerned about omicron as a major risk factor for equities,” the strategists see headwinds building elsewhere, after Federal Reserve Chairman Jerome Powell signaled the possible accelerated tapering of asset purchases. “Tapering is tightening for the markets and it will lead to lower valuations like it always does at this stage of any recovery,” the strategists led by Michael Wilson wrote in a note to clients.</p><p><blockquote>虽然他们“不太担心奥密克戎是股市的主要风险因素”，但在美联储主席Jerome Powell暗示可能加速缩减资产购买后，策略师们认为其他地方的阻力正在增加。迈克尔·威尔逊（Michael Wilson）领导的策略师在给客户的一份报告中写道：“缩减购债规模正在收紧市场，这将导致估值下降，就像在复苏的现阶段一样。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2480f1a0450a30811b2f0b6e1a23b008\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The comments echo the views of other strategists, including those at JPMorgan Chase &amp; Co., who&nbsp;singled out a hawkish turn&nbsp;by central banks as the main risk to their outlook for stocks. But while JPMorgan&nbsp;reiterated on Monday&nbsp;that its base-case scenario is for the equities rally to continue into next year, Morgan Stanley sees the S&amp;P 500 trending lower, and valuations declining.</p><p><blockquote>这些评论呼应了其他策略师的观点，包括摩根大通的策略师，他们指出央行的鹰派转向是他们股市前景的主要风险。不过，尽管摩根大通周一重申，其基本情景是股市上涨将持续到明年，但摩根士丹利认为标普500呈走低趋势，估值也在下降。</blockquote></p><p></p><p> “Equity markets are resuming their de-rating process that began over nine months ago for numerous reasons,” the Morgan Stanley strategists wrote. They forecast that the S&amp;P 500 forward price-to-earnings ratio would fall by about 12%, with that decline potentially deeper “as equity investors start to demand much higher risk premiums in anticipation of considerably higher long-term interest rates.”</p><p><blockquote>摩根士丹利策略师写道：“出于多种原因，股市正在恢复九个多月前开始的降级过程。”他们预测，标普500的远期市盈率将下降约12%，而且“随着股票投资者预期长期利率大幅上升，开始要求更高的风险溢价”，降幅可能会更深。</blockquote></p><p> UBS Global Wealth Management strategists said Monday they “expect a period of heightened volatility ahead as investors attempt to assess the risks from omicron and the Fed, based on insufficient and patchy data.” While they advise investors to refrain from a hasty exit from risk assets, the strategists, led by Mark Haefele, said monetary tightening could present a bear case to their base scenario.</p><p><blockquote>瑞银全球财富管理策略师周一表示，他们“预计未来一段时间波动加剧，因为投资者试图根据不充分且不完整的数据来评估奥密克戎和美联储的风险。”虽然他们建议投资者不要仓促退出风险资产，但以马克·海菲尔为首的策略师表示，货币紧缩可能会给他们的基本情景带来看跌理由。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Scares the Stock Market More Than Covid? The Federal Reserve<blockquote>有什么比Covid更让股市害怕？美联储</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\">\nWhat Scares the Stock Market More Than Covid? The Federal Reserve<blockquote>有什么比Covid更让股市害怕？美联储</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-06 13:46</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Now can we have a correction?</p><p><blockquote>现在我们能纠正一下吗？</blockquote></p><p> We’d hoped for something better, like a melt-up into the end of the year. But after watching the stock market get knocked down this past week after slumping on Black Friday—thanks to the discovery of the Omicron variant of Covid-19—it doesn’t seem to be in the cards. Not after the S&amp;P 500 index finished the week down 1.2%, while the Dow Jones Industrial Average fell 319.26 points, or 0.9%, and the Nasdaq Composite slumped 2.6%. The small-cap Russell 2000, down 3.9% for the week, closed in correction territory on Wednesday.</p><p><blockquote>我们曾希望有更好的结果，比如年底前的融化。但由于发现了Covid-19的奥密克戎变种，股市在过去一周黑色星期五暴跌后暴跌，这似乎不太可能。标普500指数本周下跌1.2%，道琼斯工业平均指数下跌319.26点，跌幅0.9%，纳斯达克综合指数下跌2.6%。小盘股罗素2000指数本周下跌3.9%，周三收于回调区域。</blockquote></p><p> Those numbers fail to capture just how volatile the week was. After a small rally on Monday, the Dow tumbled 652.22 points on Tuesday. On Wednesday, it rallied in early trading before giving back those gains—and then some—to finish down 461.68 points, and only seven stocks in the S&amp;P 500, including Apple (ticker: AAPL), managed to finish higher. On Thursday, the Dow had its biggest gain since March, but Apple dropped 0.6% following reports it was preparing suppliers for lukewarm iPhone demand.</p><p><blockquote>这些数字未能反映出本周的波动程度。在周一小幅上涨后，道琼斯指数周二暴跌652.22点。周三，该股在早盘交易中上涨，随后回吐了部分涨幅，最终下跌461.68点，标普500只有包括苹果（股票代码：AAPL）在内的七只股票收盘走高。周四，道琼斯指数创3月份以来最大涨幅，但苹果下跌0.6%，此前有报道称该公司正在让供应商为iPhone需求冷淡做好准备。</blockquote></p><p> On Friday, the Nasdaq got hammered as large, pricey growth stocks, including Adobe (ADBE), Tesla (TSLA), and Nvidia (NVDA), finally got caught up in the selling. “Given the overvalued conditions of many ‘growth’ names, the latter bore the brunt of this week’s correction,” observes Canaccord Genuity analyst Martin Roberge.</p><p><blockquote>周五，纳斯达克遭受重创，包括Adobe(ADBE)、特斯拉(TSLA)和英伟达(NVDA)在内的大型、昂贵的成长型股票最终陷入抛售。Canaccord Genuity分析师马丁·罗伯格(Martin Roberge)表示：“鉴于许多‘成长型’公司的估值过高，后者在本周的调整中首当其冲。”</blockquote></p><p> The S&amp;P 500 finished the week 3.5% off its 2021 high, which is a bit less than the index fell in September, when everyone was predicting a correction that never arrived. This selloff looks like it has more legs. Gone are the generalized fears about valuations and a looming earnings season—which turned out to be just fine—replaced by a new Covid variant and the start of the Federal Reserve’s tightening cycle.</p><p><blockquote>标普500本周收盘较2021年高点下跌3.5%，略低于该指数9月份的跌幅，当时所有人都预测回调从未到来。这次抛售看起来有更多的腿。对估值和即将到来的财报季的普遍担忧已经一去不复返了——事实证明财报季还不错——取而代之的是新的新冠病毒变种和美联储紧缩周期的开始。</blockquote></p><p> Omicron was bad enough on its own—no one knows how much it will hurt the economy—but then Fed Chairman Jerome Powell had to go and acknowledge that inflation isn’t transitory after all and the taper might have to go faster than expected.</p><p><blockquote>奥密克戎本身就已经够糟糕的了——没有人知道它会对经济造成多大伤害——但随后美联储主席Jerome Powell不得不承认通胀毕竟不是暂时的，缩减可能需要比预期更快。</blockquote></p><p> “He leaned on that message so strongly, it tells you some strategy change is coming,” says Dave Donabedian, chief investment officer at CIBC Private Wealth US.</p><p><blockquote>CIBC Private Wealth US首席投资官戴夫·多纳贝迪安(Dave Donabedian)表示：“他非常依赖这一信息，这告诉你一些策略即将发生变化。”</blockquote></p><p> The timing was a bit strange. Headlines about Omicron being found in the U.S. were already troubling the markets. Powell made it worse. Still, rather than asking why he chose that day to make his comments, maybe investors should be asking how much stronger his statement could have been. “Imagine what the speech would have sounded like without the variant,” says MKM Partners Chief Economist Michael Darda.</p><p><blockquote>时机有点奇怪。有关奥密克戎在美国被发现的头条新闻已经让市场感到不安。鲍威尔让情况变得更糟。尽管如此，也许投资者不应该问他为什么选择那天发表评论，而应该问他的声明还能有多强烈。MKM Partners首席经济学家迈克尔·达尔达(Michael Darda)表示：“想象一下，如果没有这种变体，演讲听起来会是什么样子。”</blockquote></p><p> The thing is, Powell is absolutely right to be tacking hawkish, given the strength of the U.S. economy. The jobs report, despite a big headline miss, was solid, with the unemployment rate falling to 4.2% and the participation rate rising to 61.8%. The Institute for Supply Management’s non-manufacturing survey hit 69.1, a record, while the manufacturing index also remains above 60.</p><p><blockquote>问题是，鉴于美国经济的实力，鲍威尔采取鹰派立场是绝对正确的。就业报告尽管出现了重大失误，但表现稳健，失业率降至4.2%，参与率升至61.8%。美国供应管理协会的非制造业调查达到创纪录的69.1，而制造业指数也保持在60以上。</blockquote></p><p> The data has been so good that the Atlanta Fed’s GDPNow estimate for fourth-quarter growth in the U.S. recently hit 9.7%. The consumer price index, which is set to be released this coming Friday, is expected to have risen 0.65% in November. All of that suggests that the economy is ready for tighter monetary policy, even if the stock market isn’t. “Powell is right, even if the market freaks out a little bit,” Darda says.</p><p><blockquote>数据如此之好，以至于亚特兰大联储对美国第四季度增长的GDPNow估计最近达到了9.7%。定于本周五发布的消费者价格指数预计11月份上涨0.65%。所有这些都表明，经济已为收紧货币政策做好了准备，即使股市尚未做好准备。“鲍威尔是对的，即使市场有点恐慌，”达尔达说。</blockquote></p><p> Don’t be surprised if it freaks out a bit more.</p><p><blockquote>如果它变得更疯狂一点，不要感到惊讶。</blockquote></p><p> <b>Morgan Stanley Sees Fed as Bigger Threat to Stocks Than Omicron</b></p><p><blockquote><b>大摩认为美联储对股市的威胁比奥密克戎更大</b></blockquote></p><p> Stock investors probably have more important things to worry about than the emergence of the new coronavirus strain, according to Morgan Stanley strategists.</p><p><blockquote>摩根士丹利策略师表示，股票投资者可能有比新冠病毒株的出现更重要的事情需要担心。</blockquote></p><p> While they are “not that concerned about omicron as a major risk factor for equities,” the strategists see headwinds building elsewhere, after Federal Reserve Chairman Jerome Powell signaled the possible accelerated tapering of asset purchases. “Tapering is tightening for the markets and it will lead to lower valuations like it always does at this stage of any recovery,” the strategists led by Michael Wilson wrote in a note to clients.</p><p><blockquote>虽然他们“不太担心奥密克戎是股市的主要风险因素”，但在美联储主席Jerome Powell暗示可能加速缩减资产购买后，策略师们认为其他地方的阻力正在增加。迈克尔·威尔逊（Michael Wilson）领导的策略师在给客户的一份报告中写道：“缩减购债规模正在收紧市场，这将导致估值下降，就像在复苏的现阶段一样。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2480f1a0450a30811b2f0b6e1a23b008\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The comments echo the views of other strategists, including those at JPMorgan Chase &amp; Co., who&nbsp;singled out a hawkish turn&nbsp;by central banks as the main risk to their outlook for stocks. But while JPMorgan&nbsp;reiterated on Monday&nbsp;that its base-case scenario is for the equities rally to continue into next year, Morgan Stanley sees the S&amp;P 500 trending lower, and valuations declining.</p><p><blockquote>这些评论呼应了其他策略师的观点，包括摩根大通的策略师，他们指出央行的鹰派转向是他们股市前景的主要风险。不过，尽管摩根大通周一重申，其基本情景是股市上涨将持续到明年，但摩根士丹利认为标普500呈走低趋势，估值也在下降。</blockquote></p><p></p><p> “Equity markets are resuming their de-rating process that began over nine months ago for numerous reasons,” the Morgan Stanley strategists wrote. They forecast that the S&amp;P 500 forward price-to-earnings ratio would fall by about 12%, with that decline potentially deeper “as equity investors start to demand much higher risk premiums in anticipation of considerably higher long-term interest rates.”</p><p><blockquote>摩根士丹利策略师写道：“出于多种原因，股市正在恢复九个多月前开始的降级过程。”他们预测，标普500的远期市盈率将下降约12%，而且“随着股票投资者预期长期利率大幅上升，开始要求更高的风险溢价”，降幅可能会更深。</blockquote></p><p> UBS Global Wealth Management strategists said Monday they “expect a period of heightened volatility ahead as investors attempt to assess the risks from omicron and the Fed, based on insufficient and patchy data.” While they advise investors to refrain from a hasty exit from risk assets, the strategists, led by Mark Haefele, said monetary tightening could present a bear case to their base scenario.</p><p><blockquote>瑞银全球财富管理策略师周一表示，他们“预计未来一段时间波动加剧，因为投资者试图根据不充分且不完整的数据来评估奥密克戎和美联储的风险。”虽然他们建议投资者不要仓促退出风险资产，但以马克·海菲尔为首的策略师表示，货币紧缩可能会给他们的基本情景带来看跌理由。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stock-market-covid-omicron-federal-reserve-51638575944\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/stock-market-covid-omicron-federal-reserve-51638575944","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138852642","content_text":"Now can we have a correction?\nWe’d hoped for something better, like a melt-up into the end of the year. But after watching the stock market get knocked down this past week after slumping on Black Friday—thanks to the discovery of the Omicron variant of Covid-19—it doesn’t seem to be in the cards. Not after the S&P 500 index finished the week down 1.2%, while the Dow Jones Industrial Average fell 319.26 points, or 0.9%, and the Nasdaq Composite slumped 2.6%. The small-cap Russell 2000, down 3.9% for the week, closed in correction territory on Wednesday.\nThose numbers fail to capture just how volatile the week was. After a small rally on Monday, the Dow tumbled 652.22 points on Tuesday. On Wednesday, it rallied in early trading before giving back those gains—and then some—to finish down 461.68 points, and only seven stocks in the S&P 500, including Apple (ticker: AAPL), managed to finish higher. On Thursday, the Dow had its biggest gain since March, but Apple dropped 0.6% following reports it was preparing suppliers for lukewarm iPhone demand.\nOn Friday, the Nasdaq got hammered as large, pricey growth stocks, including Adobe (ADBE), Tesla (TSLA), and Nvidia (NVDA), finally got caught up in the selling. “Given the overvalued conditions of many ‘growth’ names, the latter bore the brunt of this week’s correction,” observes Canaccord Genuity analyst Martin Roberge.\nThe S&P 500 finished the week 3.5% off its 2021 high, which is a bit less than the index fell in September, when everyone was predicting a correction that never arrived. This selloff looks like it has more legs. Gone are the generalized fears about valuations and a looming earnings season—which turned out to be just fine—replaced by a new Covid variant and the start of the Federal Reserve’s tightening cycle.\nOmicron was bad enough on its own—no one knows how much it will hurt the economy—but then Fed Chairman Jerome Powell had to go and acknowledge that inflation isn’t transitory after all and the taper might have to go faster than expected.\n“He leaned on that message so strongly, it tells you some strategy change is coming,” says Dave Donabedian, chief investment officer at CIBC Private Wealth US.\nThe timing was a bit strange. Headlines about Omicron being found in the U.S. were already troubling the markets. Powell made it worse. Still, rather than asking why he chose that day to make his comments, maybe investors should be asking how much stronger his statement could have been. “Imagine what the speech would have sounded like without the variant,” says MKM Partners Chief Economist Michael Darda.\nThe thing is, Powell is absolutely right to be tacking hawkish, given the strength of the U.S. economy. The jobs report, despite a big headline miss, was solid, with the unemployment rate falling to 4.2% and the participation rate rising to 61.8%. The Institute for Supply Management’s non-manufacturing survey hit 69.1, a record, while the manufacturing index also remains above 60.\nThe data has been so good that the Atlanta Fed’s GDPNow estimate for fourth-quarter growth in the U.S. recently hit 9.7%. The consumer price index, which is set to be released this coming Friday, is expected to have risen 0.65% in November. All of that suggests that the economy is ready for tighter monetary policy, even if the stock market isn’t. “Powell is right, even if the market freaks out a little bit,” Darda says.\nDon’t be surprised if it freaks out a bit more.\nMorgan Stanley Sees Fed as Bigger Threat to Stocks Than Omicron\nStock investors probably have more important things to worry about than the emergence of the new coronavirus strain, according to Morgan Stanley strategists.\nWhile they are “not that concerned about omicron as a major risk factor for equities,” the strategists see headwinds building elsewhere, after Federal Reserve Chairman Jerome Powell signaled the possible accelerated tapering of asset purchases. “Tapering is tightening for the markets and it will lead to lower valuations like it always does at this stage of any recovery,” the strategists led by Michael Wilson wrote in a note to clients.\n\nThe comments echo the views of other strategists, including those at JPMorgan Chase & Co., who singled out a hawkish turn by central banks as the main risk to their outlook for stocks. But while JPMorgan reiterated on Monday that its base-case scenario is for the equities rally to continue into next year, Morgan Stanley sees the S&P 500 trending lower, and valuations declining.\n“Equity markets are resuming their de-rating process that began over nine months ago for numerous reasons,” the Morgan Stanley strategists wrote. They forecast that the S&P 500 forward price-to-earnings ratio would fall by about 12%, with that decline potentially deeper “as equity investors start to demand much higher risk premiums in anticipation of considerably higher long-term interest rates.”\nUBS Global Wealth Management strategists said Monday they “expect a period of heightened volatility ahead as investors attempt to assess the risks from omicron and the Fed, based on insufficient and patchy data.” While they advise investors to refrain from a hasty exit from risk assets, the strategists, led by Mark Haefele, said monetary tightening could present a bear case to their base scenario.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2075,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868670425,"gmtCreate":1632645317867,"gmtModify":1632646522022,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"I am going strong with NIO and Tesla…..&nbsp;","listText":"I am going strong with NIO and Tesla…..&nbsp;","text":"I am going strong with NIO and Tesla…..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/868670425","repostId":"2170614570","repostType":4,"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872154657,"gmtCreate":1637462212435,"gmtModify":1637462212519,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Seem like a lot of this hype is built on hope. Not sure if the ramp up is going to be easy with inflation and supply chain issues","listText":"Seem like a lot of this hype is built on hope. Not sure if the ramp up is going to be easy with inflation and supply chain issues","text":"Seem like a lot of this hype is built on hope. Not sure if the ramp up is going to be easy with inflation and supply chain issues","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/872154657","repostId":"2184828468","repostType":4,"isVote":1,"tweetType":1,"viewCount":2244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":825813284,"gmtCreate":1634216394814,"gmtModify":1634216394892,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"This is good news","listText":"This is good news","text":"This is good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/825813284","repostId":"1193636194","repostType":4,"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":863825085,"gmtCreate":1632375963947,"gmtModify":1632800804793,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"If Adobe can dip more, it will be the best….. it already started to go back in post market…. They are strong player in their sector","listText":"If Adobe can dip more, it will be the best….. it already started to go back in post market…. They are strong player in their sector","text":"If Adobe can dip more, it will be the best….. it already started to go back in post market…. They are strong player in their sector","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/863825085","repostId":"1137784790","repostType":4,"repost":{"id":"1137784790","kind":"news","pubTimestamp":1632369156,"share":"https://www.laohu8.com/m/news/1137784790?lang=zh_CN&edition=full","pubTime":"2021-09-23 11:52","market":"us","language":"en","title":"5 Stocks to Buy in the September Sell-Off<blockquote>9月抛售中值得买入的5只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137784790","media":"Motley Fool","summary":"History has shown that a market sell-off is a great time to add quality companies to your portfolio. Although no one can predict when that will happen, a 10% drop occurs about once every two years. That's why I'm highlighting five high-quality companies to buy if the most recent swoon persists.I can't tell you where Adobe,Markel,Take Two Interactive Software,Vertex Pharmaceuticals, and BostonBeerwill trade next week or next month. But I'm confident they will significantly outperform the market o","content":"<p>History has shown that a market sell-off is a great time to add quality companies to your portfolio. Although no one can predict when that will happen, a 10% drop occurs about once every two years. That's why I'm highlighting five high-quality companies to buy if the most recent swoon persists.</p><p><blockquote>历史表明，市场抛售是将优质公司添加到您的投资组合中的绝佳时机。虽然没有人能预测这种情况何时会发生，但10%的下降大约每两年发生一次。这就是为什么如果最近的低迷持续下去，我会重点介绍五家值得买入的优质公司。</blockquote></p><p> I&nbsp;can't&nbsp;tell&nbsp;you&nbsp;where&nbsp;<b>Adobe</b>(NASDAQ:ADBE),<b>Markel</b>(NYSE:MKL),<b>Take Two Interactive Software</b>(NASDAQ:TTWO),<b>Vertex Pharmaceuticals</b>(NASDAQ:VRTX), and&nbsp;<b>BostonBeer</b>(NYSE:SAM)will trade next week or next month. But I'm confident they will significantly outperform the market over the next three-plus years. Here's why.</p><p><blockquote>我不能告诉你在哪里<b>土坯</b>（纳斯达克：ADBE），<b>马克尔</b>（纽约证券交易所代码：MKL），<b>拿两个互动软件</b>（纳斯达克：TTWO），<b>顶点制药</b>（纳斯达克：VRTX），以及<b>波士顿啤酒</b>（纽约证券交易所代码：SAM）将于下周或下个月交易。但我相信他们在未来三年多的时间里将显着跑赢市场。原因如下。</blockquote></p><p> <h3>Adobe</h3> At a market capitalization of $300 billion, Adobe is one of the largest software companies in the world. Its applications are the backbone of a lot of the content creative professionals produce. Through the years, it has also given them the ability to manage, measure, and monetize their output. The company breaks its results into three categories.</p><p><blockquote><h3>土坯</h3>Adobe的市值为3000亿美元，是全球最大的软件公司之一。它的应用程序是创意专业人士制作的许多内容的支柱。多年来，它还赋予了他们管理、衡量和货币化产出的能力。该公司将其业绩分为三类。</blockquote></p><p> Digital media encompasses the company's creative cloud offering. It's a subscription service that houses applications for virtually anyone creating or delivering content. The digital experience segment is a cloud platform that helps companies deliver the most engaging customer experiences. It provides everything from marketing management and automation to digital commerce and predictive analytics. Finally, its publishing and advertising division contains legacy products in addition to its advertising cloud offerings.</p><p><blockquote>数字媒体包括该公司的创意云产品。这是一种订阅服务，为几乎任何创建或交付内容的人提供应用程序。数字体验部门是一个云平台，帮助公司提供最具吸引力的客户体验。它提供从营销管理和自动化到数字商务和预测分析的一切。最后，除了广告云产品之外，其出版和广告部门还包含遗留产品。</blockquote></p><p> The business has performed amazingly well. Over the past decade, sales and free cash flow have grown 241% and 281%, respectively. Through the first nine months of its fiscal 2021, it posted revenue of $11.7 billion. That was up 24% from the same period last year and 43% over 2019. It carries little debt and its return on invested capital is 33%. That's slightly better than<b>Microsoft</b>.</p><p><blockquote>这项业务表现得非常好。过去十年，销售额和自由现金流分别增长了241%和281%。2021财年前9个月，该公司的收入为117亿美元。这比去年同期增长24%，比2019年增长43%。它几乎没有债务，投资资本回报率为33%。这比稍微好一点<b>微软</b>.</blockquote></p><p> CEO Shantanu Narayen sees strength across the business and believes the digital transformation will power the company's financial performance even while it invests in what it calls \"massive market opportunities.\" There is no question the runway is long. That's why I believe any significant sell-off is a gift to investors. Take advantage if you get it andbuy shares of Adobe.</p><p><blockquote>首席执行官Shantanu Narayen看到了整个业务的实力，并相信数字化转型将推动公司的财务业绩，即使公司投资于其评级的“巨大市场机会”。毫无疑问，跑道很长。这就是为什么我认为任何重大抛售都是给投资者的礼物。如果您获得它并购买Adobe股票，请充分利用它。</blockquote></p><p> <h3>Markel</h3> Markel has been called the \"baby Berkshire\" for its resemblance to&nbsp;<b>Berkshire Hathaway</b>. It is also an insurance company that uses some of its float -- premiums collected on policies that haven't been paid out in claims -- to invest in stocks and buy businesses. It also manages those businesses in a similar way, treating its holding period as forever.</p><p><blockquote><h3>马克尔</h3>马克尔被称为“小伯克希尔”，因为它与<b>伯克希尔哈撒韦</b>它也是一家保险公司，利用其部分流通量——从索赔中未支付的保单中收取的保费——投资股票和收购企业。它也以类似的方式管理这些业务，将其持有期视为永远。</blockquote></p><p> One big difference is that Markel is only a $16.5 billion company. That gives it more flexibility in what it can buy and offers the potential for decades of steady, market-beating returns for shareholders. Want proof? Would it surprise you to find out Markel's stock has outperformed Berkshire Hathaway since 1990? It has.</p><p><blockquote>一个很大的区别是Markel只是一家价值165亿美元的公司。这使其在购买商品方面具有更大的灵活性，并有可能为股东提供数十年稳定、跑赢市场的回报。想要证据吗？如果您发现马克尔的股票自1990年以来表现优于伯克希尔哈撒韦公司，您会感到惊讶吗？是的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/263e423c73746672c28109121ec6d687\" tg-width=\"720\" tg-height=\"449\" referrerpolicy=\"no-referrer\"><span>MKLDATA BYYCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>MKL数据来自YCharts</span></p></blockquote></p><p> At less than 37 times the size of Warren Buffett's behemoth, Markel still has an almost limitless opportunity to employ the same model. It might not be an exciting technology stock or double your investment over a short time, but it is a proven market-beating company that can add ballast to a portfolio. If you get a chance to add shares during a sell-off, take it.</p><p><blockquote>马克尔的规模还不到沃伦·巴菲特这个庞然大物的37倍，但他仍然有几乎无限的机会采用同样的模式。它可能不是一只令人兴奋的科技股，也不是一只在短时间内让您的投资翻倍，但它是一家经过验证的跑赢市场的公司，可以为投资组合增添压舱石。如果您有机会在抛售期间增持股票，请抓住它。</blockquote></p><p> <h3>Take Two Interactive</h3> Take Two has one of the most popular video game franchises of all time --<i>Grand Theft Auto</i>. As of last year, the fifth installment in the series --<i>GTA V</i>-- was the third-best-selling video game ever. It trailed only<i>Minecraft</i>and<i>Tetris</i>. Want more proof? It took<i>GTA V</i>three days to reach $1 billion in sales. That's more than five times faster than the closest video game, the best-performing<i>Harry Potter</i>movie, and<i>Avatar</i>. And the company has more in its stable.</p><p><blockquote><h3>采取两个互动</h3>Take Two拥有有史以来最受欢迎的电子游戏系列之一--<i>侠盗猎车手</i>截至去年，该系列的第五部--<i>GTA V</i>——是有史以来第三畅销的视频游戏。它只落后了<i>Minecraft</i>和<i>俄罗斯方块</i>.想要更多证据吗？它花了<i>GTA V</i>三天销售额达到10亿美元。这比最接近的、性能最好的视频游戏快五倍以上<i>哈利波特</i>电影，和<i>阿凡达</i>.而且公司还有更多。</blockquote></p><p> Another of its popular games -- the<i>NBA2K</i>series -- is also praised for both its polish and commercial success. But what excites me about Take Two is what those games have in common. They both offer an immersive experience in a virtual world where the possibilities seem endless. As talk of a metaverse becomes more mainstream, the company has already proven it can create engaging virtual worlds where users participate in crafting their own experience, as well as the experience of others. It has set the company apart financially.</p><p><blockquote>它的另一个流行游戏——the<i>NBA 2K</i>系列-也因其波兰和商业上的成功而受到称赞。但Take Two让我兴奋的是这些游戏的共同点。它们都在虚拟世界中提供了身临其境的体验，在虚拟世界中，可能性似乎是无穷无尽的。随着元宇宙的讨论变得越来越主流，该公司已经证明它可以创建引人入胜的虚拟世界，用户可以在其中参与打造自己的体验以及他人的体验。它使公司在财务上脱颖而出。</blockquote></p><p> Since 2012, sales have grown 308%. That compares favorably to<b>Activision Blizzard</b>'s 70% and<b>Electronic Arts</b>' 36%. Of course, those publishers were already more established. Still, it helps highlight why I think Take Two is the game maker to buy in a market sell-off.</p><p><blockquote>自2012年以来，销售额增长了308%。与<b>动视暴雪</b>的70%和<b>电子艺界</b>'36%.当然，那些出版商已经更加成熟了。尽管如此，这有助于强调为什么我认为Take Two是在市场抛售中值得买入的游戏制造商。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b89d7f36b549065b4545a0fa5c997d02\" tg-width=\"720\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>EA REVENUE (ANNUAL)DATA BYYCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>EA收入（年度）数据BYYCHARTS</span></p></blockquote></p><p> <h3>Vertex Pharmaceuticals</h3> Some drugmakers have a portfolio of treatments across many disease areas. Others focus on one type of ailment and work to dominate the space. That's how Vertex has built a market capitalization of $48 billion and annual revenue of $6.7 billion. The company has four approved drugs for cystic fibrosis -- a disease that causes mucus to build up in organs -- and treats roughly half of the 83,000 patients in the U.S., Europe, Australia, and Canada.</p><p><blockquote><h3>顶点制药</h3>一些制药商拥有涵盖许多疾病领域的治疗组合。其他人专注于一种疾病，并努力主导这一领域。这就是Vertex如何建立480亿美元的市值和67亿美元的年收入。该公司拥有四种已获批准的治疗囊性纤维化（一种导致器官粘液积聚的疾病）的药物，并治疗美国、欧洲、澳大利亚和加拿大83,000名患者中的大约一半。</blockquote></p><p> Management believes it can treat an additional 30,000 of those patients by successfully commercializing drugs in markets where it recently gained approval, obtaining approval in new markets, and rolling out its newest CF drug in the U.S. and Europe.</p><p><blockquote>管理层相信，通过在最近获得批准的市场成功实现药物商业化、在新市场获得批准以及在美国和欧洲推出最新的CF药物，它可以治疗另外30,000名患者。</blockquote></p><p> It has also partnered with other biotechs to maintain its position in CF and explore new growth opportunities. It spent $900 million to purchase a controlling interest in CTX001 -- its collaboration with<b>CRISPR Therapeutics</b>-- for treating sickle cell disease and beta thalassemia. The company also has a non-opioid pain treatment, a drug targeting kidney disease, and a stem cell-derived therapy for type 1 diabetes in clinical trials. Vertex also has pre-clinical gene-based programs with<b>Moderna</b>and Arbor Biotechnologies. It's a robust pipeline with a lot of potential.</p><p><blockquote>它还与其他生物技术公司合作，以保持其在CF的地位并探索新的增长机会。它斥资9亿美元购买了CTX001的控股权——它与<b>CRISPR疗法</b>——用于治疗镰状细胞病和β地中海贫血。该公司还有一种非阿片类疼痛治疗方法、一种针对肾脏疾病的药物以及一种针对1型糖尿病的干细胞衍生疗法正在临床试验中。Vertex还拥有临床前基于基因的项目<b>现代</b>和阿伯生物技术公司。这是一个强大的管道，具有很大的潜力。</blockquote></p><p> Despite that, Wall Street isn't giving the company a lot of credit. Itsprice-to-sales ratiois the lowest it has been since 2012 -- the year it began selling its first CF drug. Analysts expect sales to climb this year and next, making the discount even more pronounced. With a strong foundation in CF and so much potential in the pipeline, Vertex Pharmaceuticals might already be a steal.</p><p><blockquote>尽管如此，华尔街并没有给予该公司太多信任。其市销率是自2012年（该公司开始销售第一种CF药物的那一年）以来的最低水平。分析师预计今明两年的销量将攀升，这使得折扣更加明显。凭借强大的CF基础和如此大的潜力，Vertex Pharmaceuticals可能已经是抢手货了。</blockquote></p><p> <h3>Boston Beer</h3> Riding the trends in the alcoholic beverage industry is like being on a rollercoaster. Tastes in the U.S. have shifted over the years with wine, whiskey, hard cider, craft beers, and hard seltzer each taking a turn as the drink of choice. For the most part, Boston Beer has been able to succeed no matter what was in vogue. But it's been an up and down journey for shareholders. The stock has experienced drops of at least 60% three times in the last 20 years.</p><p><blockquote><h3>波士顿啤酒</h3>顺应酒精饮料行业的趋势就像坐过山车一样。多年来，美国人的口味发生了变化，葡萄酒、威士忌、烈性苹果酒、精酿啤酒和烈性苏打水轮流成为首选饮料。在很大程度上，无论什么流行，波士顿啤酒都能取得成功。但对于股东来说，这是一个跌宕起伏的旅程。该股在过去20年中经历了三次至少60%的下跌。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f60342c3cab8471f9e4dbd370f401b1\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"><span>SAMDATA BYYCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>SAMDATA BYYCHARTS</span></p></blockquote></p><p> It's in one of those slumps now as Truly -- its hard seltzer brand -- underperforms amid an avalanche of competition. After the decline, the stock is offering investors an opportunity they don't get very often. Analysts still expect revenue of $2.16 billion this year. That makes the projected P/S ratio of less than three close to the lowest level since the beginning of 2019.</p><p><blockquote>它现在正处于衰退之中，因为它的硬苏打水品牌在雪崩般的竞争中表现不佳。下跌后，该股为投资者提供了一个他们不常得到的机会。分析师仍预计今年营收为21.6亿美元。这使得预计市盈率低于3，接近2019年初以来的最低水平。</blockquote></p><p> Of course, it could get worse before it gets better. Management slashed its earnings forecast in July and then pulled guidance earlier this month, saying it would incur write-offs and fees associated with the product. As scary as that is, I'm betting Boston Beer will repeat its history of surviving a downturn, finding a new trend, and powering to new all-time highs in the years ahead.</p><p><blockquote>当然，在好转之前，情况可能会变得更糟。管理层在7月份大幅下调了盈利预测，然后在本月早些时候撤回了指引，称这将产生与该产品相关的冲销和费用。尽管这很可怕，但我打赌波士顿啤酒将重复其在经济低迷时期幸存下来、找到新趋势并在未来几年创下历史新高的历史。</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>5 Stocks to Buy in the September Sell-Off<blockquote>9月抛售中值得买入的5只股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Stocks to Buy in the September Sell-Off<blockquote>9月抛售中值得买入的5只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-09-23 11:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>History has shown that a market sell-off is a great time to add quality companies to your portfolio. Although no one can predict when that will happen, a 10% drop occurs about once every two years. That's why I'm highlighting five high-quality companies to buy if the most recent swoon persists.</p><p><blockquote>历史表明，市场抛售是将优质公司添加到您的投资组合中的绝佳时机。虽然没有人能预测这种情况何时会发生，但10%的下降大约每两年发生一次。这就是为什么如果最近的低迷持续下去，我会重点介绍五家值得买入的优质公司。</blockquote></p><p> I&nbsp;can't&nbsp;tell&nbsp;you&nbsp;where&nbsp;<b>Adobe</b>(NASDAQ:ADBE),<b>Markel</b>(NYSE:MKL),<b>Take Two Interactive Software</b>(NASDAQ:TTWO),<b>Vertex Pharmaceuticals</b>(NASDAQ:VRTX), and&nbsp;<b>BostonBeer</b>(NYSE:SAM)will trade next week or next month. But I'm confident they will significantly outperform the market over the next three-plus years. Here's why.</p><p><blockquote>我不能告诉你在哪里<b>土坯</b>（纳斯达克：ADBE），<b>马克尔</b>（纽约证券交易所代码：MKL），<b>拿两个互动软件</b>（纳斯达克：TTWO），<b>顶点制药</b>（纳斯达克：VRTX），以及<b>波士顿啤酒</b>（纽约证券交易所代码：SAM）将于下周或下个月交易。但我相信他们在未来三年多的时间里将显着跑赢市场。原因如下。</blockquote></p><p> <h3>Adobe</h3> At a market capitalization of $300 billion, Adobe is one of the largest software companies in the world. Its applications are the backbone of a lot of the content creative professionals produce. Through the years, it has also given them the ability to manage, measure, and monetize their output. The company breaks its results into three categories.</p><p><blockquote><h3>土坯</h3>Adobe的市值为3000亿美元，是全球最大的软件公司之一。它的应用程序是创意专业人士制作的许多内容的支柱。多年来，它还赋予了他们管理、衡量和货币化产出的能力。该公司将其业绩分为三类。</blockquote></p><p> Digital media encompasses the company's creative cloud offering. It's a subscription service that houses applications for virtually anyone creating or delivering content. The digital experience segment is a cloud platform that helps companies deliver the most engaging customer experiences. It provides everything from marketing management and automation to digital commerce and predictive analytics. Finally, its publishing and advertising division contains legacy products in addition to its advertising cloud offerings.</p><p><blockquote>数字媒体包括该公司的创意云产品。这是一种订阅服务，为几乎任何创建或交付内容的人提供应用程序。数字体验部门是一个云平台，帮助公司提供最具吸引力的客户体验。它提供从营销管理和自动化到数字商务和预测分析的一切。最后，除了广告云产品之外，其出版和广告部门还包含遗留产品。</blockquote></p><p> The business has performed amazingly well. Over the past decade, sales and free cash flow have grown 241% and 281%, respectively. Through the first nine months of its fiscal 2021, it posted revenue of $11.7 billion. That was up 24% from the same period last year and 43% over 2019. It carries little debt and its return on invested capital is 33%. That's slightly better than<b>Microsoft</b>.</p><p><blockquote>这项业务表现得非常好。过去十年，销售额和自由现金流分别增长了241%和281%。2021财年前9个月，该公司的收入为117亿美元。这比去年同期增长24%，比2019年增长43%。它几乎没有债务，投资资本回报率为33%。这比稍微好一点<b>微软</b>.</blockquote></p><p> CEO Shantanu Narayen sees strength across the business and believes the digital transformation will power the company's financial performance even while it invests in what it calls \"massive market opportunities.\" There is no question the runway is long. That's why I believe any significant sell-off is a gift to investors. Take advantage if you get it andbuy shares of Adobe.</p><p><blockquote>首席执行官Shantanu Narayen看到了整个业务的实力，并相信数字化转型将推动公司的财务业绩，即使公司投资于其评级的“巨大市场机会”。毫无疑问，跑道很长。这就是为什么我认为任何重大抛售都是给投资者的礼物。如果您获得它并购买Adobe股票，请充分利用它。</blockquote></p><p> <h3>Markel</h3> Markel has been called the \"baby Berkshire\" for its resemblance to&nbsp;<b>Berkshire Hathaway</b>. It is also an insurance company that uses some of its float -- premiums collected on policies that haven't been paid out in claims -- to invest in stocks and buy businesses. It also manages those businesses in a similar way, treating its holding period as forever.</p><p><blockquote><h3>马克尔</h3>马克尔被称为“小伯克希尔”，因为它与<b>伯克希尔哈撒韦</b>它也是一家保险公司，利用其部分流通量——从索赔中未支付的保单中收取的保费——投资股票和收购企业。它也以类似的方式管理这些业务，将其持有期视为永远。</blockquote></p><p> One big difference is that Markel is only a $16.5 billion company. That gives it more flexibility in what it can buy and offers the potential for decades of steady, market-beating returns for shareholders. Want proof? Would it surprise you to find out Markel's stock has outperformed Berkshire Hathaway since 1990? It has.</p><p><blockquote>一个很大的区别是Markel只是一家价值165亿美元的公司。这使其在购买商品方面具有更大的灵活性，并有可能为股东提供数十年稳定、跑赢市场的回报。想要证据吗？如果您发现马克尔的股票自1990年以来表现优于伯克希尔哈撒韦公司，您会感到惊讶吗？是的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/263e423c73746672c28109121ec6d687\" tg-width=\"720\" tg-height=\"449\" referrerpolicy=\"no-referrer\"><span>MKLDATA BYYCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>MKL数据来自YCharts</span></p></blockquote></p><p> At less than 37 times the size of Warren Buffett's behemoth, Markel still has an almost limitless opportunity to employ the same model. It might not be an exciting technology stock or double your investment over a short time, but it is a proven market-beating company that can add ballast to a portfolio. If you get a chance to add shares during a sell-off, take it.</p><p><blockquote>马克尔的规模还不到沃伦·巴菲特这个庞然大物的37倍，但他仍然有几乎无限的机会采用同样的模式。它可能不是一只令人兴奋的科技股，也不是一只在短时间内让您的投资翻倍，但它是一家经过验证的跑赢市场的公司，可以为投资组合增添压舱石。如果您有机会在抛售期间增持股票，请抓住它。</blockquote></p><p> <h3>Take Two Interactive</h3> Take Two has one of the most popular video game franchises of all time --<i>Grand Theft Auto</i>. As of last year, the fifth installment in the series --<i>GTA V</i>-- was the third-best-selling video game ever. It trailed only<i>Minecraft</i>and<i>Tetris</i>. Want more proof? It took<i>GTA V</i>three days to reach $1 billion in sales. That's more than five times faster than the closest video game, the best-performing<i>Harry Potter</i>movie, and<i>Avatar</i>. And the company has more in its stable.</p><p><blockquote><h3>采取两个互动</h3>Take Two拥有有史以来最受欢迎的电子游戏系列之一--<i>侠盗猎车手</i>截至去年，该系列的第五部--<i>GTA V</i>——是有史以来第三畅销的视频游戏。它只落后了<i>Minecraft</i>和<i>俄罗斯方块</i>.想要更多证据吗？它花了<i>GTA V</i>三天销售额达到10亿美元。这比最接近的、性能最好的视频游戏快五倍以上<i>哈利波特</i>电影，和<i>阿凡达</i>.而且公司还有更多。</blockquote></p><p> Another of its popular games -- the<i>NBA2K</i>series -- is also praised for both its polish and commercial success. But what excites me about Take Two is what those games have in common. They both offer an immersive experience in a virtual world where the possibilities seem endless. As talk of a metaverse becomes more mainstream, the company has already proven it can create engaging virtual worlds where users participate in crafting their own experience, as well as the experience of others. It has set the company apart financially.</p><p><blockquote>它的另一个流行游戏——the<i>NBA 2K</i>系列-也因其波兰和商业上的成功而受到称赞。但Take Two让我兴奋的是这些游戏的共同点。它们都在虚拟世界中提供了身临其境的体验，在虚拟世界中，可能性似乎是无穷无尽的。随着元宇宙的讨论变得越来越主流，该公司已经证明它可以创建引人入胜的虚拟世界，用户可以在其中参与打造自己的体验以及他人的体验。它使公司在财务上脱颖而出。</blockquote></p><p> Since 2012, sales have grown 308%. That compares favorably to<b>Activision Blizzard</b>'s 70% and<b>Electronic Arts</b>' 36%. Of course, those publishers were already more established. Still, it helps highlight why I think Take Two is the game maker to buy in a market sell-off.</p><p><blockquote>自2012年以来，销售额增长了308%。与<b>动视暴雪</b>的70%和<b>电子艺界</b>'36%.当然，那些出版商已经更加成熟了。尽管如此，这有助于强调为什么我认为Take Two是在市场抛售中值得买入的游戏制造商。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b89d7f36b549065b4545a0fa5c997d02\" tg-width=\"720\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>EA REVENUE (ANNUAL)DATA BYYCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>EA收入（年度）数据BYYCHARTS</span></p></blockquote></p><p> <h3>Vertex Pharmaceuticals</h3> Some drugmakers have a portfolio of treatments across many disease areas. Others focus on one type of ailment and work to dominate the space. That's how Vertex has built a market capitalization of $48 billion and annual revenue of $6.7 billion. The company has four approved drugs for cystic fibrosis -- a disease that causes mucus to build up in organs -- and treats roughly half of the 83,000 patients in the U.S., Europe, Australia, and Canada.</p><p><blockquote><h3>顶点制药</h3>一些制药商拥有涵盖许多疾病领域的治疗组合。其他人专注于一种疾病，并努力主导这一领域。这就是Vertex如何建立480亿美元的市值和67亿美元的年收入。该公司拥有四种已获批准的治疗囊性纤维化（一种导致器官粘液积聚的疾病）的药物，并治疗美国、欧洲、澳大利亚和加拿大83,000名患者中的大约一半。</blockquote></p><p> Management believes it can treat an additional 30,000 of those patients by successfully commercializing drugs in markets where it recently gained approval, obtaining approval in new markets, and rolling out its newest CF drug in the U.S. and Europe.</p><p><blockquote>管理层相信，通过在最近获得批准的市场成功实现药物商业化、在新市场获得批准以及在美国和欧洲推出最新的CF药物，它可以治疗另外30,000名患者。</blockquote></p><p> It has also partnered with other biotechs to maintain its position in CF and explore new growth opportunities. It spent $900 million to purchase a controlling interest in CTX001 -- its collaboration with<b>CRISPR Therapeutics</b>-- for treating sickle cell disease and beta thalassemia. The company also has a non-opioid pain treatment, a drug targeting kidney disease, and a stem cell-derived therapy for type 1 diabetes in clinical trials. Vertex also has pre-clinical gene-based programs with<b>Moderna</b>and Arbor Biotechnologies. It's a robust pipeline with a lot of potential.</p><p><blockquote>它还与其他生物技术公司合作，以保持其在CF的地位并探索新的增长机会。它斥资9亿美元购买了CTX001的控股权——它与<b>CRISPR疗法</b>——用于治疗镰状细胞病和β地中海贫血。该公司还有一种非阿片类疼痛治疗方法、一种针对肾脏疾病的药物以及一种针对1型糖尿病的干细胞衍生疗法正在临床试验中。Vertex还拥有临床前基于基因的项目<b>现代</b>和阿伯生物技术公司。这是一个强大的管道，具有很大的潜力。</blockquote></p><p> Despite that, Wall Street isn't giving the company a lot of credit. Itsprice-to-sales ratiois the lowest it has been since 2012 -- the year it began selling its first CF drug. Analysts expect sales to climb this year and next, making the discount even more pronounced. With a strong foundation in CF and so much potential in the pipeline, Vertex Pharmaceuticals might already be a steal.</p><p><blockquote>尽管如此，华尔街并没有给予该公司太多信任。其市销率是自2012年（该公司开始销售第一种CF药物的那一年）以来的最低水平。分析师预计今明两年的销量将攀升，这使得折扣更加明显。凭借强大的CF基础和如此大的潜力，Vertex Pharmaceuticals可能已经是抢手货了。</blockquote></p><p> <h3>Boston Beer</h3> Riding the trends in the alcoholic beverage industry is like being on a rollercoaster. Tastes in the U.S. have shifted over the years with wine, whiskey, hard cider, craft beers, and hard seltzer each taking a turn as the drink of choice. For the most part, Boston Beer has been able to succeed no matter what was in vogue. But it's been an up and down journey for shareholders. The stock has experienced drops of at least 60% three times in the last 20 years.</p><p><blockquote><h3>波士顿啤酒</h3>顺应酒精饮料行业的趋势就像坐过山车一样。多年来，美国人的口味发生了变化，葡萄酒、威士忌、烈性苹果酒、精酿啤酒和烈性苏打水轮流成为首选饮料。在很大程度上，无论什么流行，波士顿啤酒都能取得成功。但对于股东来说，这是一个跌宕起伏的旅程。该股在过去20年中经历了三次至少60%的下跌。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f60342c3cab8471f9e4dbd370f401b1\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"><span>SAMDATA BYYCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>SAMDATA BYYCHARTS</span></p></blockquote></p><p> It's in one of those slumps now as Truly -- its hard seltzer brand -- underperforms amid an avalanche of competition. After the decline, the stock is offering investors an opportunity they don't get very often. Analysts still expect revenue of $2.16 billion this year. That makes the projected P/S ratio of less than three close to the lowest level since the beginning of 2019.</p><p><blockquote>它现在正处于衰退之中，因为它的硬苏打水品牌在雪崩般的竞争中表现不佳。下跌后，该股为投资者提供了一个他们不常得到的机会。分析师仍预计今年营收为21.6亿美元。这使得预计市盈率低于3，接近2019年初以来的最低水平。</blockquote></p><p> Of course, it could get worse before it gets better. Management slashed its earnings forecast in July and then pulled guidance earlier this month, saying it would incur write-offs and fees associated with the product. As scary as that is, I'm betting Boston Beer will repeat its history of surviving a downturn, finding a new trend, and powering to new all-time highs in the years ahead.</p><p><blockquote>当然，在好转之前，情况可能会变得更糟。管理层在7月份大幅下调了盈利预测，然后在本月早些时候撤回了指引，称这将产生与该产品相关的冲销和费用。尽管这很可怕，但我打赌波士顿啤酒将重复其在经济低迷时期幸存下来、找到新趋势并在未来几年创下历史新高的历史。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/09/22/5-stocks-to-buy-in-the-september-sell-off/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TTWO":"Take-Two Interactive Software","MKL":"Markel Corp","SAM":"波斯顿啤酒","ADBE":"Adobe","VRTX":"福泰制药"},"source_url":"https://www.fool.com/investing/2021/09/22/5-stocks-to-buy-in-the-september-sell-off/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137784790","content_text":"History has shown that a market sell-off is a great time to add quality companies to your portfolio. Although no one can predict when that will happen, a 10% drop occurs about once every two years. That's why I'm highlighting five high-quality companies to buy if the most recent swoon persists.\nI can't tell you where Adobe(NASDAQ:ADBE),Markel(NYSE:MKL),Take Two Interactive Software(NASDAQ:TTWO),Vertex Pharmaceuticals(NASDAQ:VRTX), and BostonBeer(NYSE:SAM)will trade next week or next month. But I'm confident they will significantly outperform the market over the next three-plus years. Here's why.\nAdobe\nAt a market capitalization of $300 billion, Adobe is one of the largest software companies in the world. Its applications are the backbone of a lot of the content creative professionals produce. Through the years, it has also given them the ability to manage, measure, and monetize their output. The company breaks its results into three categories.\nDigital media encompasses the company's creative cloud offering. It's a subscription service that houses applications for virtually anyone creating or delivering content. The digital experience segment is a cloud platform that helps companies deliver the most engaging customer experiences. It provides everything from marketing management and automation to digital commerce and predictive analytics. Finally, its publishing and advertising division contains legacy products in addition to its advertising cloud offerings.\nThe business has performed amazingly well. Over the past decade, sales and free cash flow have grown 241% and 281%, respectively. Through the first nine months of its fiscal 2021, it posted revenue of $11.7 billion. That was up 24% from the same period last year and 43% over 2019. It carries little debt and its return on invested capital is 33%. That's slightly better thanMicrosoft.\nCEO Shantanu Narayen sees strength across the business and believes the digital transformation will power the company's financial performance even while it invests in what it calls \"massive market opportunities.\" There is no question the runway is long. That's why I believe any significant sell-off is a gift to investors. Take advantage if you get it andbuy shares of Adobe.\nMarkel\nMarkel has been called the \"baby Berkshire\" for its resemblance to Berkshire Hathaway. It is also an insurance company that uses some of its float -- premiums collected on policies that haven't been paid out in claims -- to invest in stocks and buy businesses. It also manages those businesses in a similar way, treating its holding period as forever.\nOne big difference is that Markel is only a $16.5 billion company. That gives it more flexibility in what it can buy and offers the potential for decades of steady, market-beating returns for shareholders. Want proof? Would it surprise you to find out Markel's stock has outperformed Berkshire Hathaway since 1990? It has.\nMKLDATA BYYCHARTS\nAt less than 37 times the size of Warren Buffett's behemoth, Markel still has an almost limitless opportunity to employ the same model. It might not be an exciting technology stock or double your investment over a short time, but it is a proven market-beating company that can add ballast to a portfolio. If you get a chance to add shares during a sell-off, take it.\nTake Two Interactive\nTake Two has one of the most popular video game franchises of all time --Grand Theft Auto. As of last year, the fifth installment in the series --GTA V-- was the third-best-selling video game ever. It trailed onlyMinecraftandTetris. Want more proof? It tookGTA Vthree days to reach $1 billion in sales. That's more than five times faster than the closest video game, the best-performingHarry Pottermovie, andAvatar. And the company has more in its stable.\nAnother of its popular games -- theNBA2Kseries -- is also praised for both its polish and commercial success. But what excites me about Take Two is what those games have in common. They both offer an immersive experience in a virtual world where the possibilities seem endless. As talk of a metaverse becomes more mainstream, the company has already proven it can create engaging virtual worlds where users participate in crafting their own experience, as well as the experience of others. It has set the company apart financially.\nSince 2012, sales have grown 308%. That compares favorably toActivision Blizzard's 70% andElectronic Arts' 36%. Of course, those publishers were already more established. Still, it helps highlight why I think Take Two is the game maker to buy in a market sell-off.\nEA REVENUE (ANNUAL)DATA BYYCHARTS\nVertex Pharmaceuticals\nSome drugmakers have a portfolio of treatments across many disease areas. Others focus on one type of ailment and work to dominate the space. That's how Vertex has built a market capitalization of $48 billion and annual revenue of $6.7 billion. The company has four approved drugs for cystic fibrosis -- a disease that causes mucus to build up in organs -- and treats roughly half of the 83,000 patients in the U.S., Europe, Australia, and Canada.\nManagement believes it can treat an additional 30,000 of those patients by successfully commercializing drugs in markets where it recently gained approval, obtaining approval in new markets, and rolling out its newest CF drug in the U.S. and Europe.\nIt has also partnered with other biotechs to maintain its position in CF and explore new growth opportunities. It spent $900 million to purchase a controlling interest in CTX001 -- its collaboration withCRISPR Therapeutics-- for treating sickle cell disease and beta thalassemia. The company also has a non-opioid pain treatment, a drug targeting kidney disease, and a stem cell-derived therapy for type 1 diabetes in clinical trials. Vertex also has pre-clinical gene-based programs withModernaand Arbor Biotechnologies. It's a robust pipeline with a lot of potential.\nDespite that, Wall Street isn't giving the company a lot of credit. Itsprice-to-sales ratiois the lowest it has been since 2012 -- the year it began selling its first CF drug. Analysts expect sales to climb this year and next, making the discount even more pronounced. With a strong foundation in CF and so much potential in the pipeline, Vertex Pharmaceuticals might already be a steal.\nBoston Beer\nRiding the trends in the alcoholic beverage industry is like being on a rollercoaster. Tastes in the U.S. have shifted over the years with wine, whiskey, hard cider, craft beers, and hard seltzer each taking a turn as the drink of choice. For the most part, Boston Beer has been able to succeed no matter what was in vogue. But it's been an up and down journey for shareholders. The stock has experienced drops of at least 60% three times in the last 20 years.\nSAMDATA BYYCHARTS\nIt's in one of those slumps now as Truly -- its hard seltzer brand -- underperforms amid an avalanche of competition. After the decline, the stock is offering investors an opportunity they don't get very often. Analysts still expect revenue of $2.16 billion this year. That makes the projected P/S ratio of less than three close to the lowest level since the beginning of 2019.\nOf course, it could get worse before it gets better. Management slashed its earnings forecast in July and then pulled guidance earlier this month, saying it would incur write-offs and fees associated with the product. As scary as that is, I'm betting Boston Beer will repeat its history of surviving a downturn, finding a new trend, and powering to new all-time highs in the years ahead.","news_type":1,"symbols_score_info":{"ADBE":0.9,"TTWO":0.9,"SAM":0.9,"MKL":0.9,"VRTX":0.9}},"isVote":1,"tweetType":1,"viewCount":497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":603559313,"gmtCreate":1638431083536,"gmtModify":1638431084283,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Looking forward to buy more","listText":"Looking forward to buy more","text":"Looking forward to buy more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/603559313","repostId":"1139132596","repostType":4,"isVote":1,"tweetType":1,"viewCount":2283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829519498,"gmtCreate":1633526340826,"gmtModify":1633526341012,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"What is happening?? Lol","listText":"What is happening?? Lol","text":"What is happening?? Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/829519498","repostId":"1126487365","repostType":4,"isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874016242,"gmtCreate":1637711444107,"gmtModify":1637711444238,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Is this the beginning of the profit taking season? Hmmm","listText":"Is this the beginning of the profit taking season? Hmmm","text":"Is this the beginning of the profit taking season? Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874016242","repostId":"2185336565","repostType":4,"isVote":1,"tweetType":1,"viewCount":2327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879809380,"gmtCreate":1636697530453,"gmtModify":1636698085081,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"I am only interested in Alibaba and Pinterest…. I feel that Zoom should have come out with something interesting in the 2nd half of 2021….. in the first place, when they are starting, their intention is just a video call company….","listText":"I am only interested in Alibaba and Pinterest…. I feel that Zoom should have come out with something interesting in the 2nd half of 2021….. in the first place, when they are starting, their intention is just a video call company….","text":"I am only interested in Alibaba and Pinterest…. I feel that Zoom should have come out with something interesting in the 2nd half of 2021….. in the first place, when they are starting, their intention is just a video call company….","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/879809380","repostId":"1137718483","repostType":4,"repost":{"id":"1137718483","kind":"news","pubTimestamp":1636677707,"share":"https://www.laohu8.com/m/news/1137718483?lang=zh_CN&edition=full","pubTime":"2021-11-12 08:41","market":"us","language":"en","title":"Why Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 40%<blockquote>为什么要等到崩盘才买入？这3只顶级股票已下跌超过40%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137718483","media":"Motley Fool","summary":"$Alibaba$ Group has plummeted 49% since peaking 13 months ago.Alibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.Alibaba and two other U.S. former market darlings have a strong chance to bounce back from here.Alibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day c","content":"<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li><a href=\"https://laohu8.com/S/BABA\">Alibaba</a> Group has plummeted 49% since peaking 13 months ago.</li>  <li>Alibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.</li>  <li>Alibaba&nbsp;and two other U.S. former market darlings have a strong chance to bounce back from here.</li> </ul> The market's getting volatile, but it's still trading close to its recent all-time highs. Are you waiting for the market to take a big hit before putting your money on the sidelines to work? Well, a lot of last year's biggest stars have already crashed.</p><p><blockquote><ul><li><a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>自13个月前达到峰值以来，该集团股价已暴跌49%。</li><li>鉴于中国的“共同富裕”倡议，阿里巴巴-SW的光棍节今非昔比。</li><li>阿里巴巴-SW和另外两家美国前市场宠儿很有可能从这里反弹。</li></ul>市场越来越不稳定，但交易价格仍接近近期历史高点。您是否正在等待市场遭受重创，然后才将资金放在场外发挥作用？嗯，很多去年最大的明星已经坠毁了。</blockquote></p><p> Shares of<b><a href=\"https://laohu8.com/S/09988\">Alibaba</a> Group Holding</b>(NYSE:BABA),<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</b>, and&nbsp;<a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a>&nbsp;have all plummeted at least 40% since hitting all-time highs. The markdowns seem overdone. Let's take a closer look.</p><p><blockquote>本公司之股份<b><a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>集团控股</b>（纽约证券交易所代码：BABA），<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</b>，和<a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a>自触及历史高点以来，均暴跌至少40%。降价似乎有些过头了。让我们仔细看看。</blockquote></p><p> 1. Alibaba</p><p><blockquote>1.阿里巴巴-SW</blockquote></p><p> Thursday should've been a big day for China's online retailers. It's Singles' Day! Alibaba created the shopping holiday that takes place every year on Nov. 11 -- called Singles' Day because of the 11/11 date -- but it has since been widely adopted by smaller e-tailers.</p><p><blockquote>对于中国的在线零售商来说，周四应该是个大日子。今天是光棍节！阿里巴巴-SW创造了每年11月11日举行的购物假期——因为11/11日期而被称为光棍节——但此后它被较小的电子零售商广泛采用。</blockquote></p><p> Singles' Day is hitting different this year. China's government push for \"common prosperity\" finds it unfashionable to tout commerce and consumption. Alibaba is highly unlikely to match the $74 billion it rang up in sales during last year's \"Double 11\" celebration.</p><p><blockquote>今年的光棍节有所不同。中国政府推动的“共同富裕”发现吹捧商业和消费是不时髦的。阿里巴巴-SW不太可能达到去年“双11”庆祝活动期间740亿美元的销售额。</blockquote></p><p> Alibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day could be shares of Alibaba itself. It has grown revenue by at least 32% every year over the past decade. Even now as Alibaba grapples with the COVID-19 crisis and the country's common prosperity objectives, trailing revenue has climbed 40%.</p><p><blockquote>阿里巴巴-SW进入光棍节，交易价格比去年年底创下的历史高点低49%。在中国政府打击多个行业后，投资者避开了中国的成长型股票，但光棍节真正便宜的可能是阿里巴巴-SW本身的股票。过去十年，该公司的收入每年至少增长32%。即使现在阿里巴巴-SW正在努力应对COVID-19危机和该国的共同繁荣目标，追踪收入仍增长了40%。</blockquote></p><p> 2. <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</p><p><blockquote>2.<a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</blockquote></p><p> The rise and fall of Zoom Video is well known. The videoconferencing platform skyrocketed in popularity during the early months of the pandemic when in-person classes, work meetings, and gatherings of friends and family weren't safe. Now that we're largely vaccinated and case counts are lower is there really a future for Zoom?</p><p><blockquote>Zoom Video的兴衰众所周知。在疫情的最初几个月，当面对面的课程、工作会议以及朋友和家人的聚会都不安全时，视频会议平台的受欢迎程度飙升。现在我们大部分人都接种了疫苗，病例数也减少了，Zoom真的有未来吗？</blockquote></p><p> The market seems to think that the future will be bleak. Like Alibaba, shares of Zoom peaked 13 months ago. Zoom stock has plummeted 57% since that high. The twist here is that Zoom is still growing. Revenue rose 54% inits latest quarter. Sure, revenue is decelerating. We're not going to return to the triple-digit top-line growth that Zoom posted in each of the five previous quarterly reports.</p><p><blockquote>市场似乎认为未来将黯淡无光。与阿里巴巴-SW一样，Zoom的股价在13个月前见顶。自该高点以来，Zoom股价已暴跌57%。这里的转折是Zoom仍在增长。最近一个季度收入增长了54%。当然，收入正在减速。我们不会回到Zoom在前五份季度报告中每份报告中公布的三位数营收增长。</blockquote></p><p> However, Zoom is still growing in the recovery climate. Video meetings will continue to be a cost-effective way to gather and get things done. Zoom is fleshing out its offerings, and a recently fumbled acquisition attempt won't stop the evolutionary process. There was a crazy time last year when Zoom was trading for more than 100 times trailing revenue. The one-two punch of heady sales growth and the cascading stock price finds that multiple whittled down to just 20 right now.</p><p><blockquote>然而，Zoom仍在复苏的环境中增长。视频会议将继续是一种具有成本效益的聚集和完成工作的方式。Zoom正在充实其产品，最近一次失败的收购尝试不会阻止这一演变过程。去年有一段疯狂的时期，Zoom的交易价格是往绩收入的100多倍。令人兴奋的销售增长和股价的连击发现，目前市盈率已降至仅20倍。</blockquote></p><p> 3. Pinterest</p><p><blockquote>3.Pinterest</blockquote></p><p> A year ago we were leaning on Pinterest to get crafty. The visual discovery engine was a valuable resource for recipes, decorating tips, and daydreaming about destinations we wanted to visit once we were able to safely travel after the pandemic.</p><p><blockquote>一年前，我们依靠Pinterest变得狡猾。一旦我们能够在疫情之后安全旅行，视觉发现引擎是食谱、装饰技巧和关于我们想去的目的地的白日梦的宝贵资源。</blockquote></p><p> Everything was going swimmingly for Pinterest until we were cool to toss out our sourdough starter and head outside to eat someone else's bread. Pinterest has now stunned investors with back-to-back sequential declines in active users. The stock has plummeted 49% from February's peak.</p><p><blockquote>对Pinterest来说，一切都很顺利，直到我们冷静下来，扔掉我们的酸面团发酵剂，出去吃别人的面包。Pinterest现在的活跃用户连续下降令投资者震惊。该股已较2月份的峰值暴跌49%。</blockquote></p><p> Last month&nbsp;<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b>&nbsp;was reportedly negotiating to buy Pinterest in a largely stock deal that would value Pinterest at$70 a share. Pinterest investors who were cocky about holding out for more would love a chance to get back there, as the stock has fallen sharply since the proposed combination came undone. Pinterest would have to appreciate by 53% to get to $70 now.</p><p><blockquote>上个月<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股</b>据报道，该公司正在就收购Pinterest进行谈判，这笔交易主要是股票交易，Pinterest的估值将达到每股70美元。那些对持有更多股票感到自豪的Pinterest投资者希望有机会回到那里，因为自拟议的合并取消以来，该股已大幅下跌。Pinterest必须升值53%才能达到现在的70美元。</blockquote></p><p> PayPal stock sold off on the initial chatter, but it continues to fall even now that a deal is not on the table. It probably won't come back on bended knee now that both stocks are out of favor, but Pinterest still has a vibrant platform with improving monetization. Revenue is still growing as advertisers flock its marketing opportunities to reach the lucrative Pinterest audience.</p><p><blockquote>PayPal的股票在最初的传言中遭到抛售，但即使现在交易尚未摆在桌面上，该股仍在继续下跌。既然这两只股票都失宠了，它可能不会卷土重来，但Pinterest仍然拥有一个充满活力的平台，货币化程度不断提高。随着广告商蜂拥其营销机会以吸引利润丰厚的Pinterest受众，收入仍在增长。</blockquote></p><p> Alibaba, Zoom, and Pinterest are still thrivinggrowth stocks. The shares just happen to be trading between 49% and 57% off their all-time highs. You don't need to wait for the market crash to happen to pick up bargains. They're out there now.</p><p><blockquote>阿里巴巴-SW、Zoom和Pinterest仍然是蓬勃发展的成长型股票。该股的交易价格恰好比历史高点低了49%至57%。你不需要等到市场崩盘时再买便宜货。他们现在就在外面。</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>Why Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 40%<blockquote>为什么要等到崩盘才买入？这3只顶级股票已下跌超过40%</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\">\nWhy Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 40%<blockquote>为什么要等到崩盘才买入？这3只顶级股票已下跌超过40%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-11-12 08:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li><a href=\"https://laohu8.com/S/BABA\">Alibaba</a> Group has plummeted 49% since peaking 13 months ago.</li>  <li>Alibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.</li>  <li>Alibaba&nbsp;and two other U.S. former market darlings have a strong chance to bounce back from here.</li> </ul> The market's getting volatile, but it's still trading close to its recent all-time highs. Are you waiting for the market to take a big hit before putting your money on the sidelines to work? Well, a lot of last year's biggest stars have already crashed.</p><p><blockquote><ul><li><a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>自13个月前达到峰值以来，该集团股价已暴跌49%。</li><li>鉴于中国的“共同富裕”倡议，阿里巴巴-SW的光棍节今非昔比。</li><li>阿里巴巴-SW和另外两家美国前市场宠儿很有可能从这里反弹。</li></ul>市场越来越不稳定，但交易价格仍接近近期历史高点。您是否正在等待市场遭受重创，然后才将资金放在场外发挥作用？嗯，很多去年最大的明星已经坠毁了。</blockquote></p><p> Shares of<b><a href=\"https://laohu8.com/S/09988\">Alibaba</a> Group Holding</b>(NYSE:BABA),<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</b>, and&nbsp;<a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a>&nbsp;have all plummeted at least 40% since hitting all-time highs. The markdowns seem overdone. Let's take a closer look.</p><p><blockquote>本公司之股份<b><a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>集团控股</b>（纽约证券交易所代码：BABA），<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</b>，和<a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a>自触及历史高点以来，均暴跌至少40%。降价似乎有些过头了。让我们仔细看看。</blockquote></p><p> 1. Alibaba</p><p><blockquote>1.阿里巴巴-SW</blockquote></p><p> Thursday should've been a big day for China's online retailers. It's Singles' Day! Alibaba created the shopping holiday that takes place every year on Nov. 11 -- called Singles' Day because of the 11/11 date -- but it has since been widely adopted by smaller e-tailers.</p><p><blockquote>对于中国的在线零售商来说，周四应该是个大日子。今天是光棍节！阿里巴巴-SW创造了每年11月11日举行的购物假期——因为11/11日期而被称为光棍节——但此后它被较小的电子零售商广泛采用。</blockquote></p><p> Singles' Day is hitting different this year. China's government push for \"common prosperity\" finds it unfashionable to tout commerce and consumption. Alibaba is highly unlikely to match the $74 billion it rang up in sales during last year's \"Double 11\" celebration.</p><p><blockquote>今年的光棍节有所不同。中国政府推动的“共同富裕”发现吹捧商业和消费是不时髦的。阿里巴巴-SW不太可能达到去年“双11”庆祝活动期间740亿美元的销售额。</blockquote></p><p> Alibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day could be shares of Alibaba itself. It has grown revenue by at least 32% every year over the past decade. Even now as Alibaba grapples with the COVID-19 crisis and the country's common prosperity objectives, trailing revenue has climbed 40%.</p><p><blockquote>阿里巴巴-SW进入光棍节，交易价格比去年年底创下的历史高点低49%。在中国政府打击多个行业后，投资者避开了中国的成长型股票，但光棍节真正便宜的可能是阿里巴巴-SW本身的股票。过去十年，该公司的收入每年至少增长32%。即使现在阿里巴巴-SW正在努力应对COVID-19危机和该国的共同繁荣目标，追踪收入仍增长了40%。</blockquote></p><p> 2. <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</p><p><blockquote>2.<a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</blockquote></p><p> The rise and fall of Zoom Video is well known. The videoconferencing platform skyrocketed in popularity during the early months of the pandemic when in-person classes, work meetings, and gatherings of friends and family weren't safe. Now that we're largely vaccinated and case counts are lower is there really a future for Zoom?</p><p><blockquote>Zoom Video的兴衰众所周知。在疫情的最初几个月，当面对面的课程、工作会议以及朋友和家人的聚会都不安全时，视频会议平台的受欢迎程度飙升。现在我们大部分人都接种了疫苗，病例数也减少了，Zoom真的有未来吗？</blockquote></p><p> The market seems to think that the future will be bleak. Like Alibaba, shares of Zoom peaked 13 months ago. Zoom stock has plummeted 57% since that high. The twist here is that Zoom is still growing. Revenue rose 54% inits latest quarter. Sure, revenue is decelerating. We're not going to return to the triple-digit top-line growth that Zoom posted in each of the five previous quarterly reports.</p><p><blockquote>市场似乎认为未来将黯淡无光。与阿里巴巴-SW一样，Zoom的股价在13个月前见顶。自该高点以来，Zoom股价已暴跌57%。这里的转折是Zoom仍在增长。最近一个季度收入增长了54%。当然，收入正在减速。我们不会回到Zoom在前五份季度报告中每份报告中公布的三位数营收增长。</blockquote></p><p> However, Zoom is still growing in the recovery climate. Video meetings will continue to be a cost-effective way to gather and get things done. Zoom is fleshing out its offerings, and a recently fumbled acquisition attempt won't stop the evolutionary process. There was a crazy time last year when Zoom was trading for more than 100 times trailing revenue. The one-two punch of heady sales growth and the cascading stock price finds that multiple whittled down to just 20 right now.</p><p><blockquote>然而，Zoom仍在复苏的环境中增长。视频会议将继续是一种具有成本效益的聚集和完成工作的方式。Zoom正在充实其产品，最近一次失败的收购尝试不会阻止这一演变过程。去年有一段疯狂的时期，Zoom的交易价格是往绩收入的100多倍。令人兴奋的销售增长和股价的连击发现，目前市盈率已降至仅20倍。</blockquote></p><p> 3. Pinterest</p><p><blockquote>3.Pinterest</blockquote></p><p> A year ago we were leaning on Pinterest to get crafty. The visual discovery engine was a valuable resource for recipes, decorating tips, and daydreaming about destinations we wanted to visit once we were able to safely travel after the pandemic.</p><p><blockquote>一年前，我们依靠Pinterest变得狡猾。一旦我们能够在疫情之后安全旅行，视觉发现引擎是食谱、装饰技巧和关于我们想去的目的地的白日梦的宝贵资源。</blockquote></p><p> Everything was going swimmingly for Pinterest until we were cool to toss out our sourdough starter and head outside to eat someone else's bread. Pinterest has now stunned investors with back-to-back sequential declines in active users. The stock has plummeted 49% from February's peak.</p><p><blockquote>对Pinterest来说，一切都很顺利，直到我们冷静下来，扔掉我们的酸面团发酵剂，出去吃别人的面包。Pinterest现在的活跃用户连续下降令投资者震惊。该股已较2月份的峰值暴跌49%。</blockquote></p><p> Last month&nbsp;<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b>&nbsp;was reportedly negotiating to buy Pinterest in a largely stock deal that would value Pinterest at$70 a share. Pinterest investors who were cocky about holding out for more would love a chance to get back there, as the stock has fallen sharply since the proposed combination came undone. Pinterest would have to appreciate by 53% to get to $70 now.</p><p><blockquote>上个月<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股</b>据报道，该公司正在就收购Pinterest进行谈判，这笔交易主要是股票交易，Pinterest的估值将达到每股70美元。那些对持有更多股票感到自豪的Pinterest投资者希望有机会回到那里，因为自拟议的合并取消以来，该股已大幅下跌。Pinterest必须升值53%才能达到现在的70美元。</blockquote></p><p> PayPal stock sold off on the initial chatter, but it continues to fall even now that a deal is not on the table. It probably won't come back on bended knee now that both stocks are out of favor, but Pinterest still has a vibrant platform with improving monetization. Revenue is still growing as advertisers flock its marketing opportunities to reach the lucrative Pinterest audience.</p><p><blockquote>PayPal的股票在最初的传言中遭到抛售，但即使现在交易尚未摆在桌面上，该股仍在继续下跌。既然这两只股票都失宠了，它可能不会卷土重来，但Pinterest仍然拥有一个充满活力的平台，货币化程度不断提高。随着广告商蜂拥其营销机会以吸引利润丰厚的Pinterest受众，收入仍在增长。</blockquote></p><p> Alibaba, Zoom, and Pinterest are still thrivinggrowth stocks. The shares just happen to be trading between 49% and 57% off their all-time highs. You don't need to wait for the market crash to happen to pick up bargains. They're out there now.</p><p><blockquote>阿里巴巴-SW、Zoom和Pinterest仍然是蓬勃发展的成长型股票。该股的交易价格恰好比历史高点低了49%至57%。你不需要等到市场崩盘时再买便宜货。他们现在就在外面。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/11/11/why-wait-for-a-crash-to-buy-these-3-top-stocks-are/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","ZM":"Zoom","PINS":"Pinterest, Inc."},"source_url":"https://www.fool.com/investing/2021/11/11/why-wait-for-a-crash-to-buy-these-3-top-stocks-are/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137718483","content_text":"Key Points\n\nAlibaba Group has plummeted 49% since peaking 13 months ago.\nAlibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.\nAlibaba and two other U.S. former market darlings have a strong chance to bounce back from here.\n\nThe market's getting volatile, but it's still trading close to its recent all-time highs. Are you waiting for the market to take a big hit before putting your money on the sidelines to work? Well, a lot of last year's biggest stars have already crashed.\nShares ofAlibaba Group Holding(NYSE:BABA),Zoom Video, and Pinterest have all plummeted at least 40% since hitting all-time highs. The markdowns seem overdone. Let's take a closer look.\n1. Alibaba\nThursday should've been a big day for China's online retailers. It's Singles' Day! Alibaba created the shopping holiday that takes place every year on Nov. 11 -- called Singles' Day because of the 11/11 date -- but it has since been widely adopted by smaller e-tailers.\nSingles' Day is hitting different this year. China's government push for \"common prosperity\" finds it unfashionable to tout commerce and consumption. Alibaba is highly unlikely to match the $74 billion it rang up in sales during last year's \"Double 11\" celebration.\nAlibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day could be shares of Alibaba itself. It has grown revenue by at least 32% every year over the past decade. Even now as Alibaba grapples with the COVID-19 crisis and the country's common prosperity objectives, trailing revenue has climbed 40%.\n2. Zoom Video\nThe rise and fall of Zoom Video is well known. The videoconferencing platform skyrocketed in popularity during the early months of the pandemic when in-person classes, work meetings, and gatherings of friends and family weren't safe. Now that we're largely vaccinated and case counts are lower is there really a future for Zoom?\nThe market seems to think that the future will be bleak. Like Alibaba, shares of Zoom peaked 13 months ago. Zoom stock has plummeted 57% since that high. The twist here is that Zoom is still growing. Revenue rose 54% inits latest quarter. Sure, revenue is decelerating. We're not going to return to the triple-digit top-line growth that Zoom posted in each of the five previous quarterly reports.\nHowever, Zoom is still growing in the recovery climate. Video meetings will continue to be a cost-effective way to gather and get things done. Zoom is fleshing out its offerings, and a recently fumbled acquisition attempt won't stop the evolutionary process. There was a crazy time last year when Zoom was trading for more than 100 times trailing revenue. The one-two punch of heady sales growth and the cascading stock price finds that multiple whittled down to just 20 right now.\n3. Pinterest\nA year ago we were leaning on Pinterest to get crafty. The visual discovery engine was a valuable resource for recipes, decorating tips, and daydreaming about destinations we wanted to visit once we were able to safely travel after the pandemic.\nEverything was going swimmingly for Pinterest until we were cool to toss out our sourdough starter and head outside to eat someone else's bread. Pinterest has now stunned investors with back-to-back sequential declines in active users. The stock has plummeted 49% from February's peak.\nLast month PayPal Holdings was reportedly negotiating to buy Pinterest in a largely stock deal that would value Pinterest at$70 a share. Pinterest investors who were cocky about holding out for more would love a chance to get back there, as the stock has fallen sharply since the proposed combination came undone. Pinterest would have to appreciate by 53% to get to $70 now.\nPayPal stock sold off on the initial chatter, but it continues to fall even now that a deal is not on the table. It probably won't come back on bended knee now that both stocks are out of favor, but Pinterest still has a vibrant platform with improving monetization. Revenue is still growing as advertisers flock its marketing opportunities to reach the lucrative Pinterest audience.\nAlibaba, Zoom, and Pinterest are still thrivinggrowth stocks. The shares just happen to be trading between 49% and 57% off their all-time highs. You don't need to wait for the market crash to happen to pick up bargains. They're out there now.","news_type":1,"symbols_score_info":{"ZM":0.9,"PINS":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":3030,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000640","authorId":"9000000000000640","name":"DaisyMoore","avatar":"https://static.tigerbbs.com/0b6d4586dc3002807c92bc57e1b3a6bd","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000640","idStr":"9000000000000640"},"content":"Only when the company constantly introduces new products can it continue to develop. Otherwise it will be eliminated by the market.","text":"Only when the company constantly introduces new products can it continue to develop. Otherwise it will be eliminated by the market.","html":"Only when the company constantly introduces new products can it continue to develop. Otherwise it will be eliminated by the market."},{"author":{"id":"9000000000000591","authorId":"9000000000000591","name":"EvelynHoover","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000591","idStr":"9000000000000591"},"content":"I also support Alibaba. It has diversified business. It also has a strong R & D capability, which makes it better and better","text":"I also support Alibaba. It has diversified business. It also has a strong R & D capability, which makes it better and better","html":"I also support Alibaba. It has diversified business. It also has a strong R & D capability, which makes it better and better"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873663052,"gmtCreate":1636938611638,"gmtModify":1636938611754,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Hope the market will continue its green till end ofthe year. It is so exciting that quality companies are being recognised.","listText":"Hope the market will continue its green till end ofthe year. It is so exciting that quality companies are being recognised.","text":"Hope the market will continue its green till end ofthe year. It is so exciting that quality companies are being recognised.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/873663052","repostId":"2183536049","repostType":4,"isVote":1,"tweetType":1,"viewCount":3120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858082367,"gmtCreate":1634953402795,"gmtModify":1634954266504,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Most of the digital ad companies are dropping….More to come?","listText":"Most of the digital ad companies are dropping….More to come?","text":"Most of the digital ad companies are dropping….More to come?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/858082367","repostId":"1172683205","repostType":4,"isVote":1,"tweetType":1,"viewCount":493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":867748778,"gmtCreate":1633318132341,"gmtModify":1633318132509,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Earning is starting again….. then come Christmas","listText":"Earning is starting again….. then come Christmas","text":"Earning is starting again….. then come Christmas","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/867748778","repostId":"2172203962","repostType":4,"repost":{"id":"2172203962","kind":"news","pubTimestamp":1633284334,"share":"https://www.laohu8.com/m/news/2172203962?lang=zh_CN&edition=full","pubTime":"2021-10-04 02:05","market":"fut","language":"en","title":"What to know this week：September jobs report, PepsiCo and Levi earnings<blockquote>本周需要了解的内容：9月份就业报告、百事可乐和李维斯收益</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2172203962","media":"Yahoo Finance","summary":"The spotlight this week for Wall Street will be on labor market data, as investors await the release","content":"<p><div> The spotlight this week for Wall Street will be on labor market data, as investors await the release of the Labor Department's September jobs report on Friday. Several earnings results from major ...</p><p><blockquote><div>本周华尔街的焦点将是劳动力市场数据，投资者等待劳工部周五发布的9月份就业报告。主要公司的几项盈利结果...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/september-jobs-report-pepsi-co-and-levi-earnings-what-to-know-this-week-180534292.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/september-jobs-report-pepsi-co-and-levi-earnings-what-to-know-this-week-180534292.html\">网页连接</a></blockquote></p><p></p>","source":"yahoofinance_au","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>What to know this week：September jobs report, PepsiCo and Levi earnings<blockquote>本周需要了解的内容：9月份就业报告、百事可乐和李维斯收益</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\">\nWhat to know this week：September jobs report, PepsiCo and Levi earnings<blockquote>本周需要了解的内容：9月份就业报告、百事可乐和李维斯收益</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Yahoo Finance</strong><span class=\"h-time small\">2021-10-04 02:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The spotlight this week for Wall Street will be on labor market data, as investors await the release of the Labor Department's September jobs report on Friday. Several earnings results from major ...</p><p><blockquote><div>本周华尔街的焦点将是劳动力市场数据，投资者等待劳工部周五发布的9月份就业报告。主要公司的几项盈利结果...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/september-jobs-report-pepsi-co-and-levi-earnings-what-to-know-this-week-180534292.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/september-jobs-report-pepsi-co-and-levi-earnings-what-to-know-this-week-180534292.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/september-jobs-report-pepsi-co-and-levi-earnings-what-to-know-this-week-180534292.html\">Yahoo Finance</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":{"PEP":"百事可乐",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/september-jobs-report-pepsi-co-and-levi-earnings-what-to-know-this-week-180534292.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2172203962","content_text":"The spotlight this week for Wall Street will be on labor market data, as investors await the release of the Labor Department's September jobs report on Friday. Several earnings results from major consumer brands are also on tap, and OPEC+.\nAll eyes are focused on the meeting of OPEC+（ the group of oil producers）to be held on October 4.The group had been widely expected to keep current plans to raise overall production by 400,000 barrels a day each month in place.On last Thursday, Reuters reported that the Organization of the Petroleum Exporting Countries and its allies, including Russia, known as OPEC+, is weighing additional production increases, \"beyond its existing deal to boost production by 400,000 barrels per day,\" as prices for crude trade near year three-year highs.\nTraders are looking to see payroll gains accelerate in Septembe after a shockingly disappointing August jobs report, when just 235,000 jobs came back versus the more than 700,000 expected. Consensus economists anticipate that 475,000 payrolls returned in September, and that the unemployment rate fell to 5.1%, or the lowest since March 2020.\n\"There is more hope for the labor market. The next few months will be important and we could see greater labor market participation as fear of the virus abates,\" Bank of America U.S. economist Michelle Meyer wrote in a note on Friday.\nMeyer also flagged recent comments from Federal Reserve Governor Lael Brainard, who addressed some of the ongoing labor scarcities and issues in bringing individuals back into the workforce.\n\"The decline in labor force participation appears to reflect COVID-related constraints that have been prolonged by Delta rather than permanent structural changes in the economy,\" Brainard said in public remarks in Arlington, Va., last week.\nBut these virus-related risks still remain a point of concern for the labor market's recovery, and for the September jobs report in particular. And the U.S. economy has still lost a net total of over 5 million payrolls since March 2020, underscoring the deficit still left to recoup on employment.\n\"To the downside, we see risk of public payrolls contracting modestly in September as education payrolls could recede modestly due to school closures amid the Delta wave and negative payback from strong hiring over the summer,\" Meyer said. \"Consequently, we think private payrolls growth will be marginally stronger than non-farm payrolls growth. All told, the data flow suggests another soft month of employment activity but a slightly faster pace of job gains compared to August.\"\nImportantly, the September jobs report will be a key factor in informing the Federal Reserve's timing on formally announcing and beginning tapering of its pandemic-era asset purchase program. The central bank signaled last month that it believed the economy was on its way to being able to stand on its own without the extraordinary levels of monetary policy support seen over the course of the year and a half.\nAnd indeed, Fed officials have said the economy has already met the central bank's targeted threshold for inflation, and that only more progress on the labor market's recovery was needed to be enough to trigger the start of tapering.\n\"It wouldn't take a knockout, great, super strong employment report,\" Federal Reserve Chair Jerome Powell saidduring his latest post-FOMC meeting press conference in September. \"It would take a reasonably good employment report for me to feel like that test is met.\"\nConsumer names to report earnings\nA number of companies are set to report quarterly results throughout the week, offering a first look at how corporate profits have held up in the third-quarter before a bigger wave of firms report results in the coming weeks.\nThe names reporting this week will center on major consumer brands including PepsiCo (PEP), Constellation Brands (STZ) and Levi Strauss (LEVI). One of the key themes from these reports and earnings calls will be on commentary around inflation, labor and supply chain challenges, given rising prices and materials shortages already seen across various pockets of the economy.\nResults last week from companies including Bed Bath & Beyond (BBBY), for instance, already served as a harbinger of the myriad supply-side issues facing the retail industry. The company posted an unexpected drop in same-store sales for its quarter ending in late August, whereas Wall Street had projected same-store sales growth. The drop came both as a result of consumer skittishness over shopping in-person during the Delta variant's spread, and as supply pressures weighed on growth.\nWhen asked during the company earnings call whether these challenges might abate over the balance of the year, Bed Bath & Beyond CEO Mark Tritton said the company was \"not expecting supply chain pressures to ease.\"\n\"We operated under unprecedented supply chain conditions that have continued to increasingly tighten global trade since last year,\" Tritton said.\nCompanies in other industries have highlighted similar concerns. Micron (MU), the biggest domestic memory chipmaker, said in a letter to customers that it was still experiencing cost increases for materials and services and did \"not expect that pressure to ease in the foreseeable future,\" according to a report from Bloomberg last week. And earlier in September, FedEx (FDX) posted a sharp miss on quarterly profits as supply chain pressures and rising labor costs pressured margins for the shipping giant.\nEconomic calendar\n\nMonday:Factory orders, August (1.0% expected, 0.4% in July); Durable goods orders, August final (1.8% in prior print); Durable goods orders, excluding transportation, August final (0.2% in prior print); Non-defense capital goods orders, excluding aircraft, August final (0.5% in prior print); Non-defense capital goods orders, excluding aircraft, August final (0.7% in prior print)\nTuesday:Trade balance, August (-$70.5 billion expected, -$70.1 billion in July); Markit U.S. services PMI, September final (54.4 expected, 54.4 in prior print); Markit U.S. composite PMI, September final (54.5 in prior print); ISM Services index, September (60.0 expected, 61.7 in August)\nWednesday:MBA Mortgage Applications, week ended October 1 (-1.1% during prior week); ADP Employment Change, September (450,000 expected, 374,000 in August)\nThursday:Challenger Job Cuts, year-over-year, September (-86.4% in August); Initial jobless claims, week ended October 2 (349,000 expected, 362,000 during prior week); Continuing claims, week ended September 25 (2.802 million during prior week); Consumer credit, August ($18.000 billion expected, $17.004 billion in July)\nFriday:Change in non-farm payrolls, September (488,000 expected, 235,000 in August); Unemployment rate, September (5.1% expected, 5.2% in August); Average hourly earnings, month-over-month, September (0.4% expected, 0.6% in August); Average hourly earnings, year-over-year, September (4.6% expected, 4.3% in August); Labor force participation rate, September (61.7% in August); Wholesale inventories, month-over-month, August final (1.2% expected, 1.2% in prior estimate)\n\nEarnings calendar\n\nMonday:No notable reports scheduled for release\nTuesday:PepsiCo (PEP) before market open\nWednesday:Constellation Brands (STZ) before market open; Levi Strauss (LEVI) after market close\nThursday:Conagra Brands (CAG), Tilray (TLRY) before market open\nFriday:No notable reports scheduled for release","news_type":1,"symbols_score_info":{"PEP":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605136087,"gmtCreate":1639127283976,"gmtModify":1639127713734,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Hope he is joking… he spend so much efforts into all these companies…. Will be a waste","listText":"Hope he is joking… he spend so much efforts into all these companies…. Will be a waste","text":"Hope he is joking… he spend so much efforts into all these companies…. Will be a waste","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605136087","repostId":"1116553400","repostType":4,"isVote":1,"tweetType":1,"viewCount":1996,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879349861,"gmtCreate":1636684695996,"gmtModify":1636684696245,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ENPH\">$Enphase Energy(ENPH)$</a>This company differentiate itself from the rest of the solar companies… well done Enphase.","listText":"<a href=\"https://laohu8.com/S/ENPH\">$Enphase Energy(ENPH)$</a>This company differentiate itself from the rest of the solar companies… well done Enphase.","text":"$Enphase Energy(ENPH)$This company differentiate itself from the rest of the solar companies… well done Enphase.","images":[{"img":"https://static.tigerbbs.com/05f059b61f35dd1ce45a4c0a9b3aae0f","width":"750","height":"2389"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/879349861","isVote":1,"tweetType":1,"viewCount":2459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":854776219,"gmtCreate":1635489309976,"gmtModify":1635489358479,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Buy the dip!","listText":"Buy the dip!","text":"Buy the dip!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/854776219","repostId":"1146294800","repostType":4,"repost":{"id":"1146294800","kind":"news","pubTimestamp":1635472918,"share":"https://www.laohu8.com/m/news/1146294800?lang=zh_CN&edition=full","pubTime":"2021-10-29 10:01","market":"us","language":"en","title":"Apple and Amazon are struggling, so investors may want to look to these tech stocks instead<blockquote>苹果和亚马逊正在苦苦挣扎，因此投资者可能会转而关注这些科技股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146294800","media":"MarketWatch","summary":"As companies focused on getting goods to consumers struggle with supply-chain issues heading into th","content":"<p>As companies focused on getting goods to consumers struggle with supply-chain issues heading into the holidays, enterprise software companies are looking strong</p><p><blockquote>随着专注于向消费者提供商品的公司在假期前努力解决供应链问题，企业软件公司看起来表现强劲</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0123d1db0a69d3c06a49bc51bc84fc1\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"><span>A logjam of container ships, at top, wait to offload at the Port of Los Angeles in September. Supply-chain issues are expected to weigh heavily on both Apple and Amazon this quarter.</span></p><p><blockquote><p class=\"t-img-caption\"><span>九月，一艘集装箱船在洛杉矶港等待卸货。供应链问题预计将在本季度给苹果和亚马逊带来沉重压力。</span></p></blockquote></p><p> Both Apple Inc. and Amazon.com Inc. had rare earnings disappointments on Thursday, which may lead investors to look in another direction for big holiday returns.</p><p><blockquote>苹果公司和亚马逊公司周四的盈利都罕见地令人失望，这可能会导致投资者转向另一个方向寻求丰厚的假期回报。</blockquote></p><p> This column warned that the two tech giants could stumble this quarter, as the supply-chain issues that had been affecting other industries took a bite out of both Apple&nbsp;and Amazon.It appears those issues will continue into the normally huge holiday quarter for the consumer-focused companies, while a natural rival of both — Microsoft Corp.&nbsp;— offered a huge holiday forecast just a few days earlier.</p><p><blockquote>本专栏警告称，这两家科技巨头本季度可能会陷入困境，因为一直影响其他行业的供应链问题对苹果和亚马逊都造成了影响。对于以消费者为中心的公司来说，这些问题似乎将持续到通常巨大的假期季度，而两者的天然竞争对手——微软公司——就在几天前提供了巨大的假期预测。</blockquote></p><p> Apple reported a rare revenue miss — its first since the December quarter of 2018 — with revenue of $83.4 billion coming in $1.7 billion below analysts’ estimates of $85.1 billion for its fiscal fourth quarter. Since the pandemic, Apple no longer gives revenue guidance, but the bulk of the revenue shortfall came from iPhone sales, which came in $2.1 billion below analysts expectations. Sales of Macs and iPads, however, exceeded estimates.</p><p><blockquote>苹果公布了罕见的营收下滑，这是自2018年12月季度以来的首次下滑，第四财季营收为834亿美元，比分析师预期的851亿美元低17亿美元。自疫情爆发以来，苹果不再给出收入指引，但大部分收入缺口来自iPhone销量，比分析师预期低21亿美元。然而，Mac和iPad的销量超出了预期。</blockquote></p><p> Apple’s Chief Financial Officer Luca Maestri told analysts that the ongoing supply constraints hurt its revenue by around $6 billion, and that the impact will be larger in the December quarter. The products most effected were the iPhone, the iPad and the Mac, and the constraints were caused by both semiconductor shortages and manufacturing disruptions because of the COVID-19 pandemic.</p><p><blockquote>苹果首席财务官Luca Maestri告诉分析师，持续的供应限制使其收入损失了约60亿美元，并且在12月季度的影响将更大。受影响最大的产品是iPhone、iPad和Mac，这些限制是由半导体短缺和COVID-19大流行导致的制造中断造成的。</blockquote></p><p> Amazon reported an even sharper-than-expected drop in earnings, with a huge surge in expenses, as it tried to shore up staff and dealt with unprecedented supply-chain issues. Amazon’s costs to fulfill and ship orders increased to $18.5 billion from $14.71 billion. Amazon reported third-quarter earnings per share of $6.12, a drop of nearly 50% from the year-ago and below analysts’ average expectations of $8.90 a share.</p><p><blockquote>亚马逊报告称，由于试图支持员工并处理前所未有的供应链问题，盈利下降幅度甚至超出预期，支出大幅飙升。亚马逊履行和运送订单的成本从147.1亿美元增加到185亿美元。亚马逊公布第三季度每股收益为6.12美元，同比下降近50%，低于分析师平均预期的每股8.90美元。</blockquote></p><p> These higher fulfillment and employee costs, like Apple’s supply-chain constraints, will continue in the fourth quarter, usually the biggest for consumer-related tech companies. Amazon CEO Andy Jassy said in a statement that Amazon expects to incur “several billion dollars of additional costs” in its consumer business, as it deals with “labor supply shortages, increased wage costs, global supply-chain issues, and increased freight and shipping costs.”</p><p><blockquote>这些较高的履约和员工成本，以及苹果的供应链限制，将持续到第四季度，通常是消费相关的科技公司的最大表现。亚马逊首席执行官安迪·贾西(Andy Jassy)在一份声明中表示，亚马逊预计其消费者业务将产生“数十亿美元的额外成本”，因为它要应对“劳动力供应短缺、工资成本增加、全球供应链问题以及运费和运输成本增加”。”</blockquote></p><p> The shares of both tech mega stars — which both trade over $1 trillion in market cap — tumbled in after-hours trading, with Apple falling 3.53% while Amazon lost 4%.</p><p><blockquote>这两家市值均超过1万亿美元的科技巨头的股价在盘后交易中暴跌，其中苹果下跌3.53%，亚马逊下跌4%。</blockquote></p><p> While neither company is seeing any loss of demand — in fact the opposite is occurring because they cannot keep up with demand amid the global shipping and product constraints — the news was a downer for investors counting on them to finish the year strongly. As consumer-focused companies could have a harder time meeting all the demand in the upcoming holiday season, corporate-focused tech giants — such as Microsoft — could be a safer play for now.</p><p><blockquote>虽然两家公司都没有看到任何需求损失——事实上，情况恰恰相反，因为在全球运输和产品限制的情况下，它们无法跟上需求——但这一消息令指望它们强劲结束今年的投资者感到沮丧。由于以消费者为中心的公司可能很难在即将到来的假期满足所有需求，因此以企业为中心的科技巨头——例如微软——目前可能是更安全的选择。</blockquote></p><p> Earlier this week, Microsoft topped $20 billion in net income for the first time, with PC revenue beating expectations and the company’s fast-growing cloud business still its biggest driver. The company’s shares were up slightly in after-hours trading Thursday and were on the way to potentially surpassing Apple in market value in regular trading hours on Friday.</p><p><blockquote>本周早些时候，微软净利润首次突破200亿美元，PC收入超出预期，该公司快速增长的云业务仍是其最大驱动力。该公司股价在周四盘后交易中小幅上涨，并有望在周五常规交易时间超过苹果。</blockquote></p><p> Microsoft is not the only software name trending higher heading into the holidays. Atlassian,the maker of team collaboration software, saw its shares soar 9% on Thursday after blowing past Wall Street’s estimates&nbsp;and seeing revenue for its its cloud-based products soar 50%. On Wednesday, cloud-based software provider ServiceNow Inc.&nbsp;beat estimates, and one analyst on Wall Street raised its price target; its shares climbed 3.45% on Thursday.</p><p><blockquote>微软并不是唯一一个在假期期间走高的软件公司。团队协作软件制造商Atlassian周四股价飙升9%，此前其基于云的产品收入飙升50%，超出了华尔街的预期。周三，基于云的软件提供商ServiceNow Inc.超出预期，华尔街一位分析师上调了其目标价；周四其股价上涨3.45%。</blockquote></p><p> Investors looking to stock up on tech stocks for the holidays might want to move away from the traditional players — like Apple and Amazon — and look at enterprise software developers and other cloud-computing players. They may be a bit more boring, but they are poised for more growth in the coming fourth quarter, and could be better stocking-stuffers than the more consumer-focused giants.</p><p><blockquote>希望在假期买入科技股的投资者可能希望远离苹果和亚马逊等传统公司，转而关注企业软件开发商和其他云计算公司。它们可能有点无聊，但它们有望在即将到来的第四季度实现更多增长，并且可能比更注重消费者的巨头更好地填充库存。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple and Amazon are struggling, so investors may want to look to these tech stocks instead<blockquote>苹果和亚马逊正在苦苦挣扎，因此投资者可能会转而关注这些科技股</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 and Amazon are struggling, so investors may want to look to these tech stocks instead<blockquote>苹果和亚马逊正在苦苦挣扎，因此投资者可能会转而关注这些科技股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-10-29 10:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As companies focused on getting goods to consumers struggle with supply-chain issues heading into the holidays, enterprise software companies are looking strong</p><p><blockquote>随着专注于向消费者提供商品的公司在假期前努力解决供应链问题，企业软件公司看起来表现强劲</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0123d1db0a69d3c06a49bc51bc84fc1\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"><span>A logjam of container ships, at top, wait to offload at the Port of Los Angeles in September. Supply-chain issues are expected to weigh heavily on both Apple and Amazon this quarter.</span></p><p><blockquote><p class=\"t-img-caption\"><span>九月，一艘集装箱船在洛杉矶港等待卸货。供应链问题预计将在本季度给苹果和亚马逊带来沉重压力。</span></p></blockquote></p><p> Both Apple Inc. and Amazon.com Inc. had rare earnings disappointments on Thursday, which may lead investors to look in another direction for big holiday returns.</p><p><blockquote>苹果公司和亚马逊公司周四的盈利都罕见地令人失望，这可能会导致投资者转向另一个方向寻求丰厚的假期回报。</blockquote></p><p> This column warned that the two tech giants could stumble this quarter, as the supply-chain issues that had been affecting other industries took a bite out of both Apple&nbsp;and Amazon.It appears those issues will continue into the normally huge holiday quarter for the consumer-focused companies, while a natural rival of both — Microsoft Corp.&nbsp;— offered a huge holiday forecast just a few days earlier.</p><p><blockquote>本专栏警告称，这两家科技巨头本季度可能会陷入困境，因为一直影响其他行业的供应链问题对苹果和亚马逊都造成了影响。对于以消费者为中心的公司来说，这些问题似乎将持续到通常巨大的假期季度，而两者的天然竞争对手——微软公司——就在几天前提供了巨大的假期预测。</blockquote></p><p> Apple reported a rare revenue miss — its first since the December quarter of 2018 — with revenue of $83.4 billion coming in $1.7 billion below analysts’ estimates of $85.1 billion for its fiscal fourth quarter. Since the pandemic, Apple no longer gives revenue guidance, but the bulk of the revenue shortfall came from iPhone sales, which came in $2.1 billion below analysts expectations. Sales of Macs and iPads, however, exceeded estimates.</p><p><blockquote>苹果公布了罕见的营收下滑，这是自2018年12月季度以来的首次下滑，第四财季营收为834亿美元，比分析师预期的851亿美元低17亿美元。自疫情爆发以来，苹果不再给出收入指引，但大部分收入缺口来自iPhone销量，比分析师预期低21亿美元。然而，Mac和iPad的销量超出了预期。</blockquote></p><p> Apple’s Chief Financial Officer Luca Maestri told analysts that the ongoing supply constraints hurt its revenue by around $6 billion, and that the impact will be larger in the December quarter. The products most effected were the iPhone, the iPad and the Mac, and the constraints were caused by both semiconductor shortages and manufacturing disruptions because of the COVID-19 pandemic.</p><p><blockquote>苹果首席财务官Luca Maestri告诉分析师，持续的供应限制使其收入损失了约60亿美元，并且在12月季度的影响将更大。受影响最大的产品是iPhone、iPad和Mac，这些限制是由半导体短缺和COVID-19大流行导致的制造中断造成的。</blockquote></p><p> Amazon reported an even sharper-than-expected drop in earnings, with a huge surge in expenses, as it tried to shore up staff and dealt with unprecedented supply-chain issues. Amazon’s costs to fulfill and ship orders increased to $18.5 billion from $14.71 billion. Amazon reported third-quarter earnings per share of $6.12, a drop of nearly 50% from the year-ago and below analysts’ average expectations of $8.90 a share.</p><p><blockquote>亚马逊报告称，由于试图支持员工并处理前所未有的供应链问题，盈利下降幅度甚至超出预期，支出大幅飙升。亚马逊履行和运送订单的成本从147.1亿美元增加到185亿美元。亚马逊公布第三季度每股收益为6.12美元，同比下降近50%，低于分析师平均预期的每股8.90美元。</blockquote></p><p> These higher fulfillment and employee costs, like Apple’s supply-chain constraints, will continue in the fourth quarter, usually the biggest for consumer-related tech companies. Amazon CEO Andy Jassy said in a statement that Amazon expects to incur “several billion dollars of additional costs” in its consumer business, as it deals with “labor supply shortages, increased wage costs, global supply-chain issues, and increased freight and shipping costs.”</p><p><blockquote>这些较高的履约和员工成本，以及苹果的供应链限制，将持续到第四季度，通常是消费相关的科技公司的最大表现。亚马逊首席执行官安迪·贾西(Andy Jassy)在一份声明中表示，亚马逊预计其消费者业务将产生“数十亿美元的额外成本”，因为它要应对“劳动力供应短缺、工资成本增加、全球供应链问题以及运费和运输成本增加”。”</blockquote></p><p> The shares of both tech mega stars — which both trade over $1 trillion in market cap — tumbled in after-hours trading, with Apple falling 3.53% while Amazon lost 4%.</p><p><blockquote>这两家市值均超过1万亿美元的科技巨头的股价在盘后交易中暴跌，其中苹果下跌3.53%，亚马逊下跌4%。</blockquote></p><p> While neither company is seeing any loss of demand — in fact the opposite is occurring because they cannot keep up with demand amid the global shipping and product constraints — the news was a downer for investors counting on them to finish the year strongly. As consumer-focused companies could have a harder time meeting all the demand in the upcoming holiday season, corporate-focused tech giants — such as Microsoft — could be a safer play for now.</p><p><blockquote>虽然两家公司都没有看到任何需求损失——事实上，情况恰恰相反，因为在全球运输和产品限制的情况下，它们无法跟上需求——但这一消息令指望它们强劲结束今年的投资者感到沮丧。由于以消费者为中心的公司可能很难在即将到来的假期满足所有需求，因此以企业为中心的科技巨头——例如微软——目前可能是更安全的选择。</blockquote></p><p> Earlier this week, Microsoft topped $20 billion in net income for the first time, with PC revenue beating expectations and the company’s fast-growing cloud business still its biggest driver. The company’s shares were up slightly in after-hours trading Thursday and were on the way to potentially surpassing Apple in market value in regular trading hours on Friday.</p><p><blockquote>本周早些时候，微软净利润首次突破200亿美元，PC收入超出预期，该公司快速增长的云业务仍是其最大驱动力。该公司股价在周四盘后交易中小幅上涨，并有望在周五常规交易时间超过苹果。</blockquote></p><p> Microsoft is not the only software name trending higher heading into the holidays. Atlassian,the maker of team collaboration software, saw its shares soar 9% on Thursday after blowing past Wall Street’s estimates&nbsp;and seeing revenue for its its cloud-based products soar 50%. On Wednesday, cloud-based software provider ServiceNow Inc.&nbsp;beat estimates, and one analyst on Wall Street raised its price target; its shares climbed 3.45% on Thursday.</p><p><blockquote>微软并不是唯一一个在假期期间走高的软件公司。团队协作软件制造商Atlassian周四股价飙升9%，此前其基于云的产品收入飙升50%，超出了华尔街的预期。周三，基于云的软件提供商ServiceNow Inc.超出预期，华尔街一位分析师上调了其目标价；周四其股价上涨3.45%。</blockquote></p><p> Investors looking to stock up on tech stocks for the holidays might want to move away from the traditional players — like Apple and Amazon — and look at enterprise software developers and other cloud-computing players. They may be a bit more boring, but they are poised for more growth in the coming fourth quarter, and could be better stocking-stuffers than the more consumer-focused giants.</p><p><blockquote>希望在假期买入科技股的投资者可能希望远离苹果和亚马逊等传统公司，转而关注企业软件开发商和其他云计算公司。它们可能有点无聊，但它们有望在即将到来的第四季度实现更多增长，并且可能比更注重消费者的巨头更好地填充库存。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/apple-and-amazon-are-struggling-so-investors-may-want-to-look-to-these-tech-stocks-instead-11635469850?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","AAPL":"苹果","MSFT":"微软","TEAM":"Atlassian Corporation PLC","NOW":"ServiceNow"},"source_url":"https://www.marketwatch.com/story/apple-and-amazon-are-struggling-so-investors-may-want-to-look-to-these-tech-stocks-instead-11635469850?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146294800","content_text":"As companies focused on getting goods to consumers struggle with supply-chain issues heading into the holidays, enterprise software companies are looking strong\nA logjam of container ships, at top, wait to offload at the Port of Los Angeles in September. Supply-chain issues are expected to weigh heavily on both Apple and Amazon this quarter.\nBoth Apple Inc. and Amazon.com Inc. had rare earnings disappointments on Thursday, which may lead investors to look in another direction for big holiday returns.\nThis column warned that the two tech giants could stumble this quarter, as the supply-chain issues that had been affecting other industries took a bite out of both Apple and Amazon.It appears those issues will continue into the normally huge holiday quarter for the consumer-focused companies, while a natural rival of both — Microsoft Corp. — offered a huge holiday forecast just a few days earlier.\nApple reported a rare revenue miss — its first since the December quarter of 2018 — with revenue of $83.4 billion coming in $1.7 billion below analysts’ estimates of $85.1 billion for its fiscal fourth quarter. Since the pandemic, Apple no longer gives revenue guidance, but the bulk of the revenue shortfall came from iPhone sales, which came in $2.1 billion below analysts expectations. Sales of Macs and iPads, however, exceeded estimates.\nApple’s Chief Financial Officer Luca Maestri told analysts that the ongoing supply constraints hurt its revenue by around $6 billion, and that the impact will be larger in the December quarter. The products most effected were the iPhone, the iPad and the Mac, and the constraints were caused by both semiconductor shortages and manufacturing disruptions because of the COVID-19 pandemic.\nAmazon reported an even sharper-than-expected drop in earnings, with a huge surge in expenses, as it tried to shore up staff and dealt with unprecedented supply-chain issues. Amazon’s costs to fulfill and ship orders increased to $18.5 billion from $14.71 billion. Amazon reported third-quarter earnings per share of $6.12, a drop of nearly 50% from the year-ago and below analysts’ average expectations of $8.90 a share.\nThese higher fulfillment and employee costs, like Apple’s supply-chain constraints, will continue in the fourth quarter, usually the biggest for consumer-related tech companies. Amazon CEO Andy Jassy said in a statement that Amazon expects to incur “several billion dollars of additional costs” in its consumer business, as it deals with “labor supply shortages, increased wage costs, global supply-chain issues, and increased freight and shipping costs.”\nThe shares of both tech mega stars — which both trade over $1 trillion in market cap — tumbled in after-hours trading, with Apple falling 3.53% while Amazon lost 4%.\nWhile neither company is seeing any loss of demand — in fact the opposite is occurring because they cannot keep up with demand amid the global shipping and product constraints — the news was a downer for investors counting on them to finish the year strongly. As consumer-focused companies could have a harder time meeting all the demand in the upcoming holiday season, corporate-focused tech giants — such as Microsoft — could be a safer play for now.\nEarlier this week, Microsoft topped $20 billion in net income for the first time, with PC revenue beating expectations and the company’s fast-growing cloud business still its biggest driver. The company’s shares were up slightly in after-hours trading Thursday and were on the way to potentially surpassing Apple in market value in regular trading hours on Friday.\nMicrosoft is not the only software name trending higher heading into the holidays. Atlassian,the maker of team collaboration software, saw its shares soar 9% on Thursday after blowing past Wall Street’s estimates and seeing revenue for its its cloud-based products soar 50%. On Wednesday, cloud-based software provider ServiceNow Inc. beat estimates, and one analyst on Wall Street raised its price target; its shares climbed 3.45% on Thursday.\nInvestors looking to stock up on tech stocks for the holidays might want to move away from the traditional players — like Apple and Amazon — and look at enterprise software developers and other cloud-computing players. They may be a bit more boring, but they are poised for more growth in the coming fourth quarter, and could be better stocking-stuffers than the more consumer-focused giants.","news_type":1,"symbols_score_info":{"AAPL":0.9,"NOW":0.9,"TEAM":0.9,"AMZN":0.9,"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":725,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":867629159,"gmtCreate":1633256549333,"gmtModify":1633256549524,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"Amazing","listText":"Amazing","text":"Amazing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/867629159","repostId":"1195986801","repostType":4,"repost":{"id":"1195986801","kind":"news","pubTimestamp":1633237941,"share":"https://www.laohu8.com/m/news/1195986801?lang=zh_CN&edition=full","pubTime":"2021-10-03 13:12","market":"us","language":"en","title":"Why Tesla's Q3 Numbers Are 'Eye Popping' and Hard to Poke Holes In<blockquote>为什么特斯拉第三季度的数据“令人瞠目结舌”且难以发现漏洞</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1195986801","media":"Benzinga","summary":"Tesla, Inc. reported Saturday record quarterly deliveries despite the surrounding turbulence. An analyst at Wedbush Securities sees the performance as \"massive.\". The Tesla Analyst:Daniel Ives maintained an Outperform rating and $1,000 price target for Tesla shares.The Tesla Thesis:Tesla's third-quarter deliveries of 241,000 beat even the bull-case whisper number on the Street, analyst Ives said in a note. The strength, the analyst said, was driven byrobust Model 3/Y salesof 232, 000.Total produ","content":"<p><div> Tesla, Inc. reported Saturday record quarterly deliveries despite the surrounding turbulence. An analyst at Wedbush Securities sees the performance as \"massive.\" The Tesla Analyst:Daniel Ives ...</p><p><blockquote><div>尽管周围局势动荡，特斯拉公司周六公布了创纪录的季度交付量。韦德布什证券(Wedbush Securities)的一位分析师认为这一业绩“巨大”。特斯拉分析师：Daniel Ives...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/10/23207870/why-teslas-q3-numbers-are-eye-popping-and-hard-to-poke-holes-in\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/10/23207870/why-teslas-q3-numbers-are-eye-popping-and-hard-to-poke-holes-in\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Tesla's Q3 Numbers Are 'Eye Popping' and Hard to Poke Holes In<blockquote>为什么特斯拉第三季度的数据“令人瞠目结舌”且难以发现漏洞</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\">\nWhy Tesla's Q3 Numbers Are 'Eye Popping' and Hard to Poke Holes In<blockquote>为什么特斯拉第三季度的数据“令人瞠目结舌”且难以发现漏洞</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-10-03 13:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Tesla, Inc. reported Saturday record quarterly deliveries despite the surrounding turbulence. An analyst at Wedbush Securities sees the performance as \"massive.\" The Tesla Analyst:Daniel Ives ...</p><p><blockquote><div>尽管周围局势动荡，特斯拉公司周六公布了创纪录的季度交付量。韦德布什证券(Wedbush Securities)的一位分析师认为这一业绩“巨大”。特斯拉分析师：Daniel Ives...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/10/23207870/why-teslas-q3-numbers-are-eye-popping-and-hard-to-poke-holes-in\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/10/23207870/why-teslas-q3-numbers-are-eye-popping-and-hard-to-poke-holes-in\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/21/10/23207870/why-teslas-q3-numbers-are-eye-popping-and-hard-to-poke-holes-in\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/21/10/23207870/why-teslas-q3-numbers-are-eye-popping-and-hard-to-poke-holes-in","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195986801","content_text":"Tesla, Inc. reported Saturday record quarterly deliveries despite the surrounding turbulence. An analyst at Wedbush Securities sees the performance as \"massive.\"\nThe Tesla Analyst:Daniel Ives maintained an Outperform rating and $1,000 price target for Tesla shares.\nThe Tesla Thesis:Tesla's third-quarter deliveries of 241,000 beat even the bull-case whisper number on the Street, analyst Ives said in a note. The strength, the analyst said, was driven byrobust Model 3/Y salesof 232, 000.\nTotal production in the quarter was 238,000, about 10,000 ahead of Wedbush's and Street estimates, the analyst said.\n\"Taking a step back, with the chip shortage a major overhang on the auto space and logistical issues globally, these delivery numbers were \"eye-popping\" and speak to an EV demand trajectory that looks quite robust for Tesla heading into 4Q and 2022,\" Ives wrote in the note.\nWedbush's estimate of 150,000 deliveries for September, according to the analyst, is a clear indicator of the green tidal wave taking hold for Tesla across the board. China demand may have rebounded in the quarter and will be a focus for the bulls digesting these results, he added.\n\"In a nutshell, these numbers are hard to poke holes in and will be a major feather in the cap for the bulls on Monday morning and should improve broader sentiment on the EV space as a whole,\" Wedbush said.\nTesla Price Action:Tesla shares closed Friday's session down 0.03% at $775.22 and were down an incremental 0.03% in after-hours trading.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":432,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841470028,"gmtCreate":1635938644146,"gmtModify":1635939051350,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>Why is it still rising….","listText":"<a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>Why is it still rising….","text":"$Sea Ltd(SE)$Why is it still rising….","images":[{"img":"https://static.tigerbbs.com/ee553d8c3d501a7cec2406aad480e87a","width":"750","height":"1869"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/841470028","isVote":1,"tweetType":1,"viewCount":1027,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":854771715,"gmtCreate":1635489217799,"gmtModify":1635489344900,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"I feel that there is a lot to grow in chips… the world demand for chips is just crazy as the usage increase.","listText":"I feel that there is a lot to grow in chips… the world demand for chips is just crazy as the usage increase.","text":"I feel that there is a lot to grow in chips… the world demand for chips is just crazy as the usage increase.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854771715","repostId":"1122237204","repostType":4,"repost":{"id":"1122237204","kind":"news","pubTimestamp":1635476471,"share":"https://www.laohu8.com/m/news/1122237204?lang=zh_CN&edition=full","pubTime":"2021-10-29 11:01","market":"us","language":"en","title":"Intel, Nvidia, Or AMD: Which Chip Stock Is The Better Buy?<blockquote>英特尔、英伟达或AMD：哪只芯片股票更值得购买？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122237204","media":"Seeking Alpha","summary":"Summary\n\nIntel reported a set of earnings that was pretty decent. However, the market was confused w","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Intel reported a set of earnings that was pretty decent. However, the market was confused with its ambitious growth plans.</li>  <li>Advanced Micro Devices continues its run of phenomenal results in FY21. Dr. Lisa Su &amp; Co. is making the most out of Intel's stumbles.</li>  <li>Nvidia will issue its FQ3 report card on 17 November. The company's growth momentum is expected to continue slowing down.</li>  <li>We discuss which semiconductor stock is the better buy now.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c8b907cc53a6667f686b7acaf873b0a\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>英特尔公布了一系列相当不错的收益。然而，市场对其雄心勃勃的增长计划感到困惑。</li><li>Advanced Micro Devices在2021财年继续取得惊人的业绩。苏丽莎博士公司正在充分利用英特尔的失误。</li><li>英伟达将于11月17日发布第三季度成绩单。预计公司增长势头将继续放缓。</li><li>我们讨论现在购买哪只半导体股票更好。</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> Advanced Micro Devices, Inc. (AMD) issued a fantastic FQ3 report card recently. The company also handily beat consensus estimates and reaffirmed AMD's position as one of the leading semiconductor companies.</p><p><blockquote>超微设备公司（AMD）最近发布了一份精彩的第三季度成绩单。该公司还轻松超出了市场普遍预期，并重申了AMD作为领先半导体公司之一的地位。</blockquote></p><p> Notably, the company made gains while Intel (INTC) reported a set of results that we thought were actually pretty fine. There were some concerns over underwhelming data center performance, but it was expected. However, the market didn't like what Pat Gelsinger &amp; Co. telegraphed and thrashed the stock after earnings. Intel communicated what it would cost on its quest to retake its process node leadership. However, it seems that investors weren't sure about the company's ambitious plans. Coupled with weakened profitability and free cash flow prospects, some value-oriented investors seemed to have headed for the exit.</p><p><blockquote>值得注意的是，该公司取得了收益，而英特尔（INTC）报告了一系列我们认为实际上相当不错的业绩。人们对数据中心性能不佳存在一些担忧，但这是意料之中的。然而，市场并不喜欢帕特·基辛格公司(Pat Gelsinger&amp;Co.)的电报，并在财报公布后大幅下跌该股。英特尔传达了重新夺回其工艺节点领导地位的成本。然而，投资者似乎并不确定该公司雄心勃勃的计划。再加上盈利能力和自由现金流前景减弱，一些价值导向型投资者似乎已走向退出。</blockquote></p><p> Nvidia (NVDA) will issue its FQ3 report card on 17 November. The company had previously guided for a strong quarter. Jensen Huang &amp; Co. see \"sequential growth&nbsp;driven largely by accelerating demand in data center.\" The company also expects growth in each of its three markets, particularly in gaming. Investors' expectations are also high given AMD's robust performance. Hence, investors have eagerly anticipated NVDA's earnings release as NVDA stock pushed through a new all-time high (ATH) this week.</p><p><blockquote>Nvidia(NVDA)将于11月17日发布第三季度成绩单。该公司此前曾预计本季度业绩强劲。黄仁勋公司请参阅“环比增长主要是由数据中心需求加速推动的”。该公司还预计其三个市场都将增长，尤其是在游戏领域。鉴于AMD强劲的业绩，投资者的期望也很高。因此，随着NVDA股价本周创下历史新高（ATH），投资者热切期待NVDA的财报发布。</blockquote></p><p> We will discuss which semiconductor stock is the better buy now between them.</p><p><blockquote>我们将讨论他们之间现在购买哪只半导体股票更好。</blockquote></p><p> <b>INTC, NVDA, AMD Stock YTD Performance</b></p><p><blockquote><b>INTC、NVDA、AMD股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc276e3bd3b1b72a0413e8be2d14ebe3\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>INTC, NVDA, AMD stock YTD performance (as of 27 October 21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC、NVDA、AMD股票年初至今表现（截至21年10月27日）。</span></p></blockquote></p><p> NVDA stock continues to enjoy a phenomenal year so far. The stock made a new ATH this week, as YTD returns surged to 87.3%. Bearish investors in NVDA can say all they want, but we have never adopted a bearish NVDA stock thesis. It just doesn't make sense. The stock has the best possible A+ in Seeking Alpha's momentum grade for the whole year. Hence, we really couldn't understand those bearish theses. AMD stock is in second place with a 33.3% YTD gain. It seems like the stock has lagged far behind NVDA stock's incredible performance. However, investors should consider the fact that AMD stock spent most of H1'21 in the red. Therefore, its huge momentum surge in H2'21 has been really impressive. Consequently, the stock's momentum is also given an A grade in Seeking Alpha.</p><p><blockquote>迄今为止，NVDA股票继续享受非凡的一年。该股本周创下新的ATH，年初至今回报率飙升至87.3%。看跌NVDA的投资者可以随心所欲地说，但我们从未采纳看跌NVDA股票的论点。这根本说不通。该股在Seeking Alpha全年动量评级中获得了最好的A+。因此，我们真的无法理解那些看跌的论点。AMD股票排名第二，年初至今上涨33.3%。该股似乎远远落后于NVDA股票令人难以置信的表现。然而，投资者应该考虑这样一个事实，即AMD股票在21年上半年的大部分时间里都处于亏损状态。因此，其在H2'21的巨大势头确实令人印象深刻。因此，该股的势头在Seeking Alpha中也被评为A级。</blockquote></p><p> In contrast, the perennial underperformer INTC stock continues to underperform. The stock started very brightly as it raced to a 40% YTD gain. However, its momentum has completely fizzled out. Currently, its YTD decline of 3.9% looks abysmal when compared to AMD stock and NVDA stock. In addition, Seeking Alpha also assigned it with a D+ rating in momentum.</p><p><blockquote>相比之下，长期表现不佳的INTC股票继续表现不佳。该股开局非常亮眼，年初至今上涨了40%。然而，它的势头已经完全消失了。目前，与AMD股票和NVDA股票相比，其年初至今下跌了3.9%，看起来糟透了。此外，Seeking Alpha还给予其动力D+评级。</blockquote></p><p> <b>Intel FQ3 Report Card Is Telling Of Its Weakening Leadership</b></p><p><blockquote><b>英特尔第三季度成绩单表明其领导力正在减弱</b></blockquote></p><p> There's little doubt that AMD has made the most of its recent dominance over Intel. However, what's more concerning to Intel investors, and likewise encouraging to AMD investors, is the clarity provided by their respective CEOs.</p><p><blockquote>毫无疑问，AMD充分利用了最近对英特尔的主导地位。然而，更令英特尔投资者担忧、同样令AMD投资者感到鼓舞的是他们各自首席执行官提供的明确性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f910460f850f7c0c3bd3508e0812fa7b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Intel LTM revenue by segment. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>英特尔LTM按细分市场划分的收入。数据来源：公司备案</span></p></blockquote></p><p> Intel reported another underwhelming quarter, but we don't think it was unexpected. Sure, the company's data center business (DCG) continues to disappoint compared to NVDA and AMD. However, INTC investors shouldn't be surprised.</p><p><blockquote>英特尔报告了另一个令人印象深刻的季度，但我们认为这并不意外。当然，与NVDA和AMD相比，该公司的数据中心业务(DCG)仍然令人失望。然而，INTC投资者不应该感到惊讶。</blockquote></p><p></p><p> DCG quarterly revenue YoY growth came in at 10% in FQ3. However, DCG revenue has been on a declining trend on a last-twelve-months (LTM) basis since FQ2'20.In a recent AMD article, we mentioned that Omdia estimated that AMD's data center share crossed 15% in Q2'21 for the first time in history. In retrospect, Intel had almost complete dominance in this segment just four years ago. It clearly shows how the critical stumbles from its former management have derailed its previously \"unassailable\" leadership. Now, Gelsinger &amp; Co. are left with the unenviable task of trying to overturn Intel's sinking fortunes. With AMD having assumed the technological leadership at the expense of Intel, it certainly looks like an \"easy bet\" which the company will likely continue to outperform.</p><p><blockquote>第三季度DCG季度收入同比增长10%。然而，自20年第二季度以来，DCG收入在过去12个月(LTM)中一直呈下降趋势。在AMD最近的一篇文章中，我们提到Omdia估计AMD的数据中心份额在21年第二季度历史上首次突破15%。回想起来，就在四年前，英特尔在这一领域几乎完全占据主导地位。它清楚地表明，其前管理层的重大失误是如何破坏其先前“无懈可击”的领导地位的。现在，基辛格公司面临着一项不值得羡慕的任务，那就是试图扭转英特尔不断下滑的命运。随着AMD以牺牲英特尔为代价占据技术领先地位，这看起来肯定是一个“轻松的赌注”，该公司可能会继续跑赢大盘。</blockquote></p><p> Intel's client computing group's (CCG) performance was underwhelming in FQ3. Its revenue fell by 1.9% YoY and 4.4% QoQ, respectively. Notably, it came at a time when 2021 saw a strong resurgence in PC sales.In a recent Apple(AAPL) article, we mentioned that Apple's Mac segment had performed very well in 2021. In just the first three FQs, Mac has exceeded its revenue on a per FY basis over the last three years. Its resurgence is also in line with the trend observed in the industry.</p><p><blockquote>英特尔客户端计算部门（CCG）在第三季度的业绩表现不佳。其收入分别同比下降1.9%和环比下降4.4%。值得注意的是，这发生在2021年PC销量强劲复苏之际。在苹果(AAPL)最近的一篇文章中，我们提到苹果的Mac部门在2021年表现非常出色。仅在前三个FQ中，Mac就超过了过去三年每个财年的收入。它的复兴也符合业内观察到的趋势。</blockquote></p><p> Counterpoint Research noted that \"global PC shipments marked their sixth consecutive YoY growth in Q3 2021&nbsp;at 84.2 million units. This came despite the ongoing component shortages and other supply constraints.\" Despite that, the firm also emphasized that \"the 9.3% YoY growth during [Q3] implied decelerating PC shipment momentum after four consecutive quarters of double-digit YoY growth since Q3 2020.\"</p><p><blockquote>Counterpoint Research指出，“2021年第三季度，全球PC出货量连续第六次同比增长，达到8420万台。尽管零部件短缺和其他供应限制持续存在，但这一情况还是出现了。”尽管如此，该公司还强调，“[第三季度]9.3%的同比增长意味着自2020年第三季度以来连续四个季度实现两位数同比增长后，PC出货量势头正在放缓。”</blockquote></p><p> Notwithstanding, Mac seems to have picked up strongly in CQ3. IDC reported that&nbsp;Apple's YoY shipment growth in CQ2&nbsp;was 9.4%. Moreover, Counterpoint research pointed out that Mac YoY shipment growth accelerated to 10.6% in CQ3. Hence, it's interesting to note that Mac grew even faster than the industry average in CQ3. As a result, Mac's global market share grew to 8.7%.</p><p><blockquote>尽管如此，Mac似乎在第三季度表现强劲。IDC报告称，苹果第二季度出货量同比增长9.4%。此外，Counterpoint research指出，第三季度Mac同比出货量增长加速至10.6%。因此，有趣的是，Mac在第三季度的增长速度甚至超过了行业平均水平。因此，Mac的全球市场份额增长至8.7%。</blockquote></p><p> Therefore, it seems like Apple has been doing very well since it decoupled from Intel's chips. Even though Gelsinger remains optimistic about winning back Apple's business through \"better products\" in the future, the divorce looks to be \"finalized\" for now. But investors in semiconductor companies should remember that never say never when it comes to technological leadership. Intel is still a highly profitable company and therefore has the wherewithal and conviction to compete. Whether it can overturn AMD's and NVDA's leadership remains to be seen. But never write the company off so early on.</p><p><blockquote>因此，自与英特尔芯片脱钩以来，苹果似乎一直做得很好。尽管基辛格对未来通过“更好的产品”赢回苹果的业务仍然持乐观态度，但离婚案目前看起来已经“敲定”。但半导体公司的投资者应该记住，在技术领先方面，永远不要说永远。英特尔仍然是一家高利润的公司，因此拥有竞争所需的资金和信念。能否推翻AMD和NVDA的领先地位，还有待观察。但永远不要这么早就放弃公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c622b359fd3a73cac53c0e4410177c3\" tg-width=\"640\" tg-height=\"275\" referrerpolicy=\"no-referrer\"><span>INTC and AMD LTM gross margins. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC和AMD LTM毛利率。数据来源：标普资本智商</span></p></blockquote></p><p> Pat Gelsinger has telegraphed a highly ambitious plan to assume technological leadership. It's mainly predicated on its \"five process nodes in four years\" quest to assume foundry leadership from Taiwan Semiconductor (TSM). In addition, the company is also willing to \"reset\" its gross margins to compete with AMD and NVDA at the same time. Outgoing CFO George Davis emphasized:</p><p><blockquote>帕特·基辛格(Pat Gelsinger)宣布了一项雄心勃勃的计划，以承担技术领先地位。这主要是基于其“四年内实现五个工艺节点”的追求，以取代台积电（TSM）的代工领导地位。此外，该公司还愿意“重置”毛利率，以同时与AMD和NVDA竞争。即将离任的首席财务官乔治·戴维斯强调：</blockquote></p><p>   <i>We expect to see our revenue growth accelerate to a 10% to 12% CAGR over the next 4 to 5 years</i>. For gross margin, with the impact of our investment in capacity and the acceleration of our process technology,   <i>we expect gross margins between 51% and 53% over the next 2 to 3 years</i>before moving upward. (from Intel Q3 earnings call)  We find it interesting. Yes, the investments for process leadership and capacity expansion will affect its profitability. But Intel recognizes that it's at least a five-year process. At this time, is the company going to let Dr. Lisa Su &amp; Co. take all the glory while Intel works out its troubles? Obviously not. Pat recognizes that he needs a stop-gap solution. Short of saying \"we are cutting prices now\" to compete with AMD, this is as close as it gets.</p><p><blockquote><i>我们预计未来4至5年我们的收入增长将加速至10%至12%的复合年增长率</i>就毛利率而言，受我们产能投资及工艺技术加速的影响，<i>我们预计未来2至3年毛利率将在51%至53%之间</i>在向上移动之前。（来自英特尔第三季度看涨期权收益）我们觉得这很有趣。是的，流程领先和产能扩张的投资将影响其盈利能力。但英特尔认识到这至少需要五年的时间。这个时候，公司是不是要让苏姿丰博士（Dr.Lisa Su&amp;Co.）拿走所有的荣耀，而英特尔则解决它的麻烦？显然不是。帕特认识到他需要一个权宜之计。除了说“我们现在正在降价”来与AMD竞争之外，这已经是最接近的了。</blockquote></p><p> We also highlighted in our previous AMD article (published on 20 September) that \"Intel is recently reported to be ready to lower the prices for its data center chips. The move was deemed necessary \"to lure back data center operators&nbsp;that have switched to rival Advanced Micro Devices.\" Otherwise, how can Gelsinger &amp; Co. be so confident in stopping the rot from AMD's continued success? Intel has telegraphed a highly ambitious plan to increase revenue by a CAGR of 10% to 12% over the next four to five years. Intel is trying to transform itself back into a growth company. If you want to grow and don't have technological leadership, you must give up some profits. That makes absolute sense.</p><p><blockquote>我们还在之前的AMD文章（9月20日发布）中强调，“据报道，英特尔最近准备降低其数据中心芯片的价格。此举被认为是必要的”，以吸引已转向竞争对手Advanced Micro Devices的数据中心运营商。”否则，基辛格公司怎么能如此自信地阻止AMD持续成功的颓势呢？英特尔宣布了一项雄心勃勃的计划，在未来四到五年内将收入以10%到12%的复合年增长率增长。英特尔正试图将自己变回一家成长型公司。如果你想增长，没有技术领先，你必须放弃一些利润。这完全有道理。</blockquote></p><p></p><p> The good thing is, Intel is already a highly profitable company. Its gross margins had declined markedly from the days when it posted margins north of 60%. However, its LTM margin of 56.3% is still significantly higher than AMD's 46.8%. Therefore, Intel's plans are credible. The company will now go head-on to compete with AMD in pricing while investing in assuming foundry leadership. Dr. Lisa Su &amp; Co., you have been cautioned.</p><p><blockquote>好的一面是，英特尔已经是一家高利润的公司。其毛利率较利润率超过60%时明显下降。不过，其56.3%的LTM利润率仍明显高于AMD的46.8%。因此，英特尔的计划是可信的。该公司现在将在定价上与AMD正面竞争，同时投资占据代工领导地位。苏丽莎博士公司，你已经被警告了。</blockquote></p><p> <b>AMD Continues Its Gangbusters Growth</b></p><p><blockquote><b>AMD继续强劲增长</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fb460f1a24eeac1ff3e46cc0ebd78f3\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>AMD quarterly revenue by segment. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD按部门划分的季度收入。数据来源：公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5df5298fbc9733b0c0a8b1110c401ba\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>AMD revenue segments YoY growth. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD收入部门同比增长。数据来源：公司备案</span></p></blockquote></p><p> There's little doubt that Dr. Lisa Su &amp; Co. have made the most of Intel's absolute mess. The company has been firing on all cylinders as it outperformed estimates easily. It continues to report tremendous strength in all its segments. FQ3 saw Advanced Micro Devices report 43.9% YoY growth in revenue for its computing and graphics business. Moreover, its enterprise, embedded, and semi-custom (EESC) segment continues its phenomenal run as AMD posted YoY revenue growth of 68.9%. Therefore, AMD has certainly made the most of Intel's losses in data center. Moreover, its computing and graphics growth has also been fantastic. AMD has undoubtedly grown much faster than the market.</p><p><blockquote>毫无疑问，Lisa Su&amp;Co.充分利用了英特尔的绝对混乱。该公司一直在全力以赴，因为它的表现轻松超出了预期。它继续在所有领域展现出巨大的实力。Advanced Micro Devices报告第三季度计算和图形业务收入同比增长43.9%。此外，AMD的企业、嵌入式和半定制(EESC)部门继续保持惊人的表现，收入同比增长68.9%。因此，AMD当然充分利用了英特尔在数据中心方面的亏损。此外，它的计算和图形增长也非常出色。AMD的增长速度无疑比市场快得多。</blockquote></p><p> In fact, AMD continues to expect strong sequential growth into FQ4. AMD emphasized:</p><p><blockquote>事实上，AMD继续预计第四季度将实现强劲的环比增长。AMD强调：</blockquote></p><p>   We expect revenue to be approximately $4.5 billion, plus or minus $100 million, an increase of approximately   <i>39% year-over-year and approximately 4% sequentially</i>. The year-over-year increase is expected to be driven by growth across all businesses. The quarter-over-quarter increase is expected to be driven by higher server and semi-custom sales. For the full year 2021,   <i>we now expect revenue to increase approximately 65% over 2020, driven by growth across all businesses</i>, up from the prior guidance of 60%. (from AMD FQ3 earnings call)  For a company that tells you that it expects a 65% YoY growth over FY20, it's clear it has achieved phenomenal results. Therefore, the market should reward AMD investors. AMD stock has clearly been outperforming the market after its early-year stumbles.</p><p><blockquote>我们预计营收约为45亿美元，正负1亿美元，增长约<i>同比增长39%，环比增长约4%</i>预计同比增长将受到所有业务增长的推动。预计环比增长将受到服务器和半定制销售额增加的推动。2021年全年，<i>我们现在预计，在所有业务增长的推动下，收入将比2020年增长约65%</i>，高于之前60%的指导。（来自AMD看涨期权第三季度收益）对于一家告诉您预计2020财年同比增长65%的公司来说，很明显它已经取得了惊人的成果。因此，市场应该奖励AMD投资者。AMD股票在经历了年初的下跌后，显然一直跑赢大盘。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af9edf4c4d4b8055eee2f32456b6589d\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"><span>AMD est. revenue and EBITDA mean consensus. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD东部时间。收入和EBITDA意味着共识。数据来源：标普资本智商</span></p></blockquote></p><p> However, we think investors need to consider how AMD will likely perform moving forward. Following its outstanding FQ3 report card, consensus estimates have also been revised upwards. AMD is estimated to post a revenue CAGR of 30.2% and an EBITDA CAGR of 50.4%. Compared to the company's FY21 revenue YoY growth guidance of 65%, it's a marked deceleration.</p><p><blockquote>然而，我们认为投资者需要考虑AMD未来的表现。继第三季度成绩单出色之后，共识预期也被上调。AMD预计收入复合年增长率为30.2%，EBITDA复合年增长率为50.4%。与该公司2021财年65%的收入同比增长指引相比，这是一个明显的减速。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/970fd9b4cebec404a6c9bcc8c5b18140\" tg-width=\"640\" tg-height=\"312\" referrerpolicy=\"no-referrer\"><span>AMD LTM revenue and EBITDA. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD LTM收入和EBITDA。数据来源：标普资本智商</span></p></blockquote></p><p> Importantly, AMD has also grown its LTM revenue and EBITDA by a CAGR of 31.2% and 160% over the last four years, respectively. Therefore, AMD is unlikely to post such monstrous growth moving forward. As a result, investors need to taper their expectations when considering buying its stock. They can't be expecting AMD to continue growing at such phenomenal growth rates incessantly. We know it sounds good, but it's simply not sustainable.</p><p><blockquote>重要的是，AMD的LTM收入和EBITDA在过去四年中也分别以31.2%和160%的复合年增长率增长。因此，AMD未来不太可能实现如此惊人的增长。因此，投资者在考虑购买其股票时需要降低预期。他们不能指望AMD继续以如此惊人的增长率不断增长。我们知道这听起来不错，但这根本不可持续。</blockquote></p><p> We can also observe from its FQ3 performance. Its segments' YoY growth was the slowest in FQ3'21 compared to the previous two quarters. So it's not slow per se, but the growth seems to be decelerating. Therefore, AMD investors, you have been reminded.</p><p><blockquote>我们也可以从它的FQ3表现中观察到。与前两个季度相比，其细分市场在21年第三季度的同比增长是最慢的。因此，它本身并不慢，但增长似乎正在减速。因此，AMD的投资者们，你们被提醒了。</blockquote></p><p> <b>Nvidia Is Expected To Post Slower Much Growth Than Before</b></p><p><blockquote><b>英伟达的增长预计将比以前慢得多</b></blockquote></p><p> Jensen Huang &amp; Co. will release its FQ3'22 report card on 17 November. Its earnings conferences have often been highly anticipated events in the past. Its investors, PC geeks, and gamers love NVDA.</p><p><blockquote>黄仁勋公司将于11月17日发布22年第三季度成绩单。过去，其财报会议往往是备受期待的活动。它的投资者、PC极客和游戏玩家都喜欢NVDA。</blockquote></p><p> The company guided for $6.8B in FQ3 revenue on its previous earnings call. Consensus estimates are also in line with the company's guidance. However,in our previous Nvidia article, we highlighted that the company's revenue growth seems to be decelerating across its main segments.</p><p><blockquote>该公司在之前的收益看涨期权上预计第三季度收入为$6.8 B。共识估计也符合公司的指引。然而，在我们之前的英伟达文章中，我们强调了该公司主要细分市场的收入增长似乎正在减速。</blockquote></p><p> Datacenter growth fell to 35% YoY in FQ2'22. Moreover, Gaming has also demonstrated signs of deceleration. Its growth in FQ2 also slowed to 85% YoY. As a result, the company's overall revenue growth slowed to 68.3% YoY in FQ2.</p><p><blockquote>22年第二季度数据中心同比增长率降至35%。而且，游戏也出现了减速的迹象。第二季度的同比增长也放缓至85%。因此，该公司第二季度整体收入同比增速放缓至68.3%。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dfa0d4e579274e870b43dadcb6aa0be7\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>NVDA actual and est. quarterly revenue YoY growth. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>NVDA实际和预计。季度收入同比增长。数据来源：标普资本智商</span></p></blockquote></p><p> Notably, even with the recently revised estimates, Nvidia is expected to post slower YoY growth in FQ3'22 and beyond. In fact, the deceleration looks alarming. Investors might have to taper their expectations of NVDA's gangbusters growth momentum moving forward. Nothing goes up in one straight line forever. Moving forward, revenue comps will get increasingly harder for Jensen Huang &amp; Co. to beat.</p><p><blockquote>值得注意的是，即使最近修订了预测，Nvidia预计在22年第三季度及以后的同比增长仍将放缓。事实上，减速看起来令人震惊。投资者可能不得不降低对NVDA未来强劲增长势头的预期。没有什么是永远直线上升的。展望未来，黄仁勋公司的收入竞争将变得越来越难以击败。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0873d94239c63b839b483644a71fe429\" tg-width=\"640\" tg-height=\"483\" referrerpolicy=\"no-referrer\"><span>NVDA earnings beats/misses. Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>NVDA盈利超出/未达到预期。资料来源：寻求Alpha Premium</span></p></blockquote></p><p> Notwithstanding, we recognize that NVDA might also be sandbagging expectations in its guidance. We noted that NVDA has only missed one quarterly estimate in the last four years. It's an almost flawless performance. Notably, while NVDA has consistently outperformed its guidance, those beats were not incredibly massive. What we meant is investors should not totally disregard the consensus estimates as out of line. They have been pretty accurate over time. So while NVDA might have sandbagged its previous guidance to overdeliver potentially, they had not overdone it.</p><p><blockquote>尽管如此，我们认识到NVDA也可能在其指导中降低预期。我们注意到，NVDA在过去四年中只未达到一个季度预期。这是一场近乎完美的表演。值得注意的是，虽然NVDA的表现一直优于其指导，但这些表现并不是令人难以置信的巨大。我们的意思是，投资者不应该完全忽视共识估计，认为这是不合理的。随着时间的推移，它们变得相当准确。因此，尽管NVDA可能已经将之前的指导意见沙袋化，以可能超额交付，但他们并没有做得太过分。</blockquote></p><p> We understand that some NVDA investors are anticipating its TAM expansion into its software stack, omniverse applications, and cloud-gaming expansion.</p><p><blockquote>我们了解到，一些NVDA投资者预计其TAM将扩展到其软件堆栈、omniverse应用程序和云游戏扩展。</blockquote></p><p> We recognize the incredible efforts invested by NVDA to transform itself into an AI company that has a huge GPU dominance. Coupled with its DPU and CPU forays, the hardware strategy looks very impressive. Moreover, Nvidia's AI Enterprise now offers its complete AI enterprise software suite to its customers. With the number of developers on its platform currently, we think its leadership is secure. The ecosystem will get even stronger over time as more developers come on board. If the company could pull through its Arm acquisition, we think there's no way that Intel or AMD could catch up.</p><p><blockquote>我们认识到NVDA为将自己转变为一家拥有巨大GPU主导地位的人工智能公司所付出的令人难以置信的努力。再加上其DPU和CPU的进军，硬件战略看起来非常令人印象深刻。此外，Nvidia的AI Enterprise现在向客户提供完整的AI Enterprise软件套件。鉴于目前其平台上的开发者数量，我们认为其领导地位是稳固的。随着时间的推移，随着更多开发者的加入，生态系统将变得更加强大。如果该公司能够完成对Arm的收购，我们认为英特尔或AMD不可能赶上。</blockquote></p><p> The main problem is that Nvidia couldn't/is not willing to put a timeline to<i>when they would derive meaningful revenues from its software stack.</i>Nvidia could only add recently: \"But as [we] said, what [we] quoted to you for both NVIDIA enterprise as well as for Omniverse enterprise as being multibillion-dollar opportunities, we see these as very real opportunities, right?\"</p><p><blockquote>主要问题是英伟达不能/不愿意设定时间表<i>当他们从其软件堆栈中获得有意义的收入时。</i>Nvidia最近只能补充道：“但正如[我们]所说，[我们]向您引用的NVIDIA enterprise和Omniverse enterprise价值数十亿美元的机会，我们认为这些都是非常真实的机会，对吗？”</blockquote></p><p> <b>So, Which Chip Stock Is The Better Buy?</b></p><p><blockquote><b>那么，哪只芯片股更好买呢？</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/97466fa7c05502ccb3d3fb348c1fbedd\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>AMD stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD股票EV/NTM EBITDA 3年平均值。</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58c3575f8db9aafef9a106f36114a1b7\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>NVDA stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NVDA股票EV/NTM EBITDA 3年平均值。</span></p></blockquote></p><p> AMD stock currently trades at an EV/NTM EBITDA of 29.7x. Its 3Y NTM EBITDA mean read 30.8x. Therefore, investors can argue that AMD might seem fairly valued right now. In contrast, NVDA stock trades at an EV/NTM EBITDA of 53.5x. Its 3Y NTM EBITDA mean is 41.6x. Thus, the stock is trading at about 28.6% above its 3Y mean. Hence, we think NVDA stock looks overvalued right now. Coupled with potentially slower revenue growth moving forward, a poor quarter might induce potential value compressions. Otherwise, a potential overcapacity problem in 2023 might also hit NVDA stock hard due to its rich valuation.</p><p><blockquote>AMD股票目前的EV/NTM EBITDA为29.7倍。其3年NTM EBITDA平均值为30.8倍。因此，投资者可以说AMD目前的估值似乎相当合理。相比之下，NVDA股票的EV/NTM EBITDA为53.5倍。其3年NTM EBITDA平均值为41.6倍。因此，该股的交易价格比其3年平均水平高出约28.6%。因此，我们认为NVDA股票目前看起来被高估。再加上未来收入增长可能放缓，糟糕的季度可能会导致潜在的价值压缩。否则，2023年潜在的产能过剩问题也可能因其估值过高而严重打击NVDA股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/467ed7eaf7cb4b7aed414494c2110be8\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>INTC stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC股票EV/NTM EBITDA 3年平均值。</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55716ccea92c6410434d2f1ab7d3ef15\" tg-width=\"640\" tg-height=\"265\" referrerpolicy=\"no-referrer\"><span>INTC stock LTM dividend yield. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC股票LTM股息收益率。数据来源：标普资本智商</span></p></blockquote></p><p> INTC stock trades at an EV/NTM EBITDA of 6.7x. It's markedly below its 3Y mean of 7.6x. Therefore, INTC is clearly a value play and not a growth play. It has also provided a respectable dividend yield for its investors over the years. As a result of its recent post-FQ3 sell-off, the annualized yield has recovered to 2.8%. INTC investors have been very comfortable sitting on its robust profitability and its solid dividend yields over the years. These value and dividend income investors don't invest in INTC stock for growth. They invest in it for its value and its dividends.</p><p><blockquote>INTC股票的EV/NTM EBITDA为6.7倍。这明显低于7.6倍的3年平均水平。因此，INTC显然是一种价值游戏，而不是一种增长游戏。多年来，它还为投资者提供了可观的股息收益率。由于最近第三季度后的抛售，年化收益率已恢复至2.8%。多年来，INTC投资者一直对其强劲的盈利能力和稳健的股息收益率感到非常满意。这些价值和股息收入投资者投资INTC股票并不是为了增长。他们投资它是为了它的价值和股息。</blockquote></p><p></p><p> Pat Gelsinger's ambitious growth plans have thrown them a curveball that they didn't expect. When Intel communicated that these plans would have a discernible impact on its profitability, they feared for their dividends. Perhaps, Gelsinger is banking on a turnover of its investor base. The company could potentially be a huge winner if it succeeds on its growth roadmap. Given that the expectations are so low now, it doesn't even have to be immensely successful for the stock to be re-rated upwards. The huge difference in the growth premium between INTC and its faster growth peers is eye-catching. We think investors who have patience and are willing to ride out the short-term volatility might find INTC stock attractively valued right now. Coupled with a 2.8% dividend yield, it adds more gloss to its premise. Adding on a potential growth re-rating, the stock certainly looks attractive.</p><p><blockquote>帕特·基辛格(Pat Gelsinger)雄心勃勃的增长计划给他们带来了意想不到的麻烦。当英特尔表示这些计划将对其盈利能力产生明显影响时，他们担心股息。也许，基辛格寄希望于其投资者基础的更替。如果该公司在增长路线图上取得成功，它可能会成为巨大的赢家。鉴于现在的预期如此之低，该股甚至不一定要取得巨大成功才能重新上调评级。INTC与增长更快的同行之间增长溢价的巨大差异引人注目。我们认为，有耐心并愿意度过短期波动的投资者可能会发现INTC股票目前的估值很有吸引力。再加上2.8%的股息收益率，为其前提增添了更多光彩。再加上潜在的增长重新评级，该股看起来确实很有吸引力。</blockquote></p><p> Despite that, INTC's long-term momentum has remained weak. The stock's long-term price action has also been much weaker than AMD stock. We recall that Buffett emphasized that he has no qualms about paying a fair price for a fantastic company.</p><p><blockquote>尽管如此，INTC的长期势头仍然疲软。该股的长期价格走势也远弱于AMD股票。我们记得巴菲特强调，他毫不犹豫地为一家出色的公司支付合理的价格。</blockquote></p><p> Therefore, we think&nbsp;<i>AMD stock represents our preferred Buy</i>&nbsp;for now.<i>INTC stock is also a Buy</i>&nbsp;for dividend and value investors. At the same time, we&nbsp;<i>retain our Neutral rating on NVDA</i>.</p><p><blockquote>因此，我们认为<i>AMD股票代表我们优先买入</i>就目前而言。<i>INTC股票也值得买入</i>对于股息和价值投资者。同时，我们<i>维持我们对NVDA的中性评级</i>.</blockquote></p><p> This article was written by&nbsp;JR Research.</p><p><blockquote>本文由JR Research撰写。</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>Intel, Nvidia, Or AMD: Which Chip Stock Is The Better Buy?<blockquote>英特尔、英伟达或AMD：哪只芯片股票更值得购买？</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\">\nIntel, Nvidia, Or AMD: Which Chip Stock Is The Better Buy?<blockquote>英特尔、英伟达或AMD：哪只芯片股票更值得购买？</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\">2021-10-29 11:01</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>Intel reported a set of earnings that was pretty decent. However, the market was confused with its ambitious growth plans.</li>  <li>Advanced Micro Devices continues its run of phenomenal results in FY21. Dr. Lisa Su &amp; Co. is making the most out of Intel's stumbles.</li>  <li>Nvidia will issue its FQ3 report card on 17 November. The company's growth momentum is expected to continue slowing down.</li>  <li>We discuss which semiconductor stock is the better buy now.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c8b907cc53a6667f686b7acaf873b0a\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>英特尔公布了一系列相当不错的收益。然而，市场对其雄心勃勃的增长计划感到困惑。</li><li>Advanced Micro Devices在2021财年继续取得惊人的业绩。苏丽莎博士公司正在充分利用英特尔的失误。</li><li>英伟达将于11月17日发布第三季度成绩单。预计公司增长势头将继续放缓。</li><li>我们讨论现在购买哪只半导体股票更好。</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> Advanced Micro Devices, Inc. (AMD) issued a fantastic FQ3 report card recently. The company also handily beat consensus estimates and reaffirmed AMD's position as one of the leading semiconductor companies.</p><p><blockquote>超微设备公司（AMD）最近发布了一份精彩的第三季度成绩单。该公司还轻松超出了市场普遍预期，并重申了AMD作为领先半导体公司之一的地位。</blockquote></p><p> Notably, the company made gains while Intel (INTC) reported a set of results that we thought were actually pretty fine. There were some concerns over underwhelming data center performance, but it was expected. However, the market didn't like what Pat Gelsinger &amp; Co. telegraphed and thrashed the stock after earnings. Intel communicated what it would cost on its quest to retake its process node leadership. However, it seems that investors weren't sure about the company's ambitious plans. Coupled with weakened profitability and free cash flow prospects, some value-oriented investors seemed to have headed for the exit.</p><p><blockquote>值得注意的是，该公司取得了收益，而英特尔（INTC）报告了一系列我们认为实际上相当不错的业绩。人们对数据中心性能不佳存在一些担忧，但这是意料之中的。然而，市场并不喜欢帕特·基辛格公司(Pat Gelsinger&amp;Co.)的电报，并在财报公布后大幅下跌该股。英特尔传达了重新夺回其工艺节点领导地位的成本。然而，投资者似乎并不确定该公司雄心勃勃的计划。再加上盈利能力和自由现金流前景减弱，一些价值导向型投资者似乎已走向退出。</blockquote></p><p> Nvidia (NVDA) will issue its FQ3 report card on 17 November. The company had previously guided for a strong quarter. Jensen Huang &amp; Co. see \"sequential growth&nbsp;driven largely by accelerating demand in data center.\" The company also expects growth in each of its three markets, particularly in gaming. Investors' expectations are also high given AMD's robust performance. Hence, investors have eagerly anticipated NVDA's earnings release as NVDA stock pushed through a new all-time high (ATH) this week.</p><p><blockquote>Nvidia(NVDA)将于11月17日发布第三季度成绩单。该公司此前曾预计本季度业绩强劲。黄仁勋公司请参阅“环比增长主要是由数据中心需求加速推动的”。该公司还预计其三个市场都将增长，尤其是在游戏领域。鉴于AMD强劲的业绩，投资者的期望也很高。因此，随着NVDA股价本周创下历史新高（ATH），投资者热切期待NVDA的财报发布。</blockquote></p><p> We will discuss which semiconductor stock is the better buy now between them.</p><p><blockquote>我们将讨论他们之间现在购买哪只半导体股票更好。</blockquote></p><p> <b>INTC, NVDA, AMD Stock YTD Performance</b></p><p><blockquote><b>INTC、NVDA、AMD股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc276e3bd3b1b72a0413e8be2d14ebe3\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>INTC, NVDA, AMD stock YTD performance (as of 27 October 21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC、NVDA、AMD股票年初至今表现（截至21年10月27日）。</span></p></blockquote></p><p> NVDA stock continues to enjoy a phenomenal year so far. The stock made a new ATH this week, as YTD returns surged to 87.3%. Bearish investors in NVDA can say all they want, but we have never adopted a bearish NVDA stock thesis. It just doesn't make sense. The stock has the best possible A+ in Seeking Alpha's momentum grade for the whole year. Hence, we really couldn't understand those bearish theses. AMD stock is in second place with a 33.3% YTD gain. It seems like the stock has lagged far behind NVDA stock's incredible performance. However, investors should consider the fact that AMD stock spent most of H1'21 in the red. Therefore, its huge momentum surge in H2'21 has been really impressive. Consequently, the stock's momentum is also given an A grade in Seeking Alpha.</p><p><blockquote>迄今为止，NVDA股票继续享受非凡的一年。该股本周创下新的ATH，年初至今回报率飙升至87.3%。看跌NVDA的投资者可以随心所欲地说，但我们从未采纳看跌NVDA股票的论点。这根本说不通。该股在Seeking Alpha全年动量评级中获得了最好的A+。因此，我们真的无法理解那些看跌的论点。AMD股票排名第二，年初至今上涨33.3%。该股似乎远远落后于NVDA股票令人难以置信的表现。然而，投资者应该考虑这样一个事实，即AMD股票在21年上半年的大部分时间里都处于亏损状态。因此，其在H2'21的巨大势头确实令人印象深刻。因此，该股的势头在Seeking Alpha中也被评为A级。</blockquote></p><p> In contrast, the perennial underperformer INTC stock continues to underperform. The stock started very brightly as it raced to a 40% YTD gain. However, its momentum has completely fizzled out. Currently, its YTD decline of 3.9% looks abysmal when compared to AMD stock and NVDA stock. In addition, Seeking Alpha also assigned it with a D+ rating in momentum.</p><p><blockquote>相比之下，长期表现不佳的INTC股票继续表现不佳。该股开局非常亮眼，年初至今上涨了40%。然而，它的势头已经完全消失了。目前，与AMD股票和NVDA股票相比，其年初至今下跌了3.9%，看起来糟透了。此外，Seeking Alpha还给予其动力D+评级。</blockquote></p><p> <b>Intel FQ3 Report Card Is Telling Of Its Weakening Leadership</b></p><p><blockquote><b>英特尔第三季度成绩单表明其领导力正在减弱</b></blockquote></p><p> There's little doubt that AMD has made the most of its recent dominance over Intel. However, what's more concerning to Intel investors, and likewise encouraging to AMD investors, is the clarity provided by their respective CEOs.</p><p><blockquote>毫无疑问，AMD充分利用了最近对英特尔的主导地位。然而，更令英特尔投资者担忧、同样令AMD投资者感到鼓舞的是他们各自首席执行官提供的明确性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f910460f850f7c0c3bd3508e0812fa7b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Intel LTM revenue by segment. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>英特尔LTM按细分市场划分的收入。数据来源：公司备案</span></p></blockquote></p><p> Intel reported another underwhelming quarter, but we don't think it was unexpected. Sure, the company's data center business (DCG) continues to disappoint compared to NVDA and AMD. However, INTC investors shouldn't be surprised.</p><p><blockquote>英特尔报告了另一个令人印象深刻的季度，但我们认为这并不意外。当然，与NVDA和AMD相比，该公司的数据中心业务(DCG)仍然令人失望。然而，INTC投资者不应该感到惊讶。</blockquote></p><p></p><p> DCG quarterly revenue YoY growth came in at 10% in FQ3. However, DCG revenue has been on a declining trend on a last-twelve-months (LTM) basis since FQ2'20.In a recent AMD article, we mentioned that Omdia estimated that AMD's data center share crossed 15% in Q2'21 for the first time in history. In retrospect, Intel had almost complete dominance in this segment just four years ago. It clearly shows how the critical stumbles from its former management have derailed its previously \"unassailable\" leadership. Now, Gelsinger &amp; Co. are left with the unenviable task of trying to overturn Intel's sinking fortunes. With AMD having assumed the technological leadership at the expense of Intel, it certainly looks like an \"easy bet\" which the company will likely continue to outperform.</p><p><blockquote>第三季度DCG季度收入同比增长10%。然而，自20年第二季度以来，DCG收入在过去12个月(LTM)中一直呈下降趋势。在AMD最近的一篇文章中，我们提到Omdia估计AMD的数据中心份额在21年第二季度历史上首次突破15%。回想起来，就在四年前，英特尔在这一领域几乎完全占据主导地位。它清楚地表明，其前管理层的重大失误是如何破坏其先前“无懈可击”的领导地位的。现在，基辛格公司面临着一项不值得羡慕的任务，那就是试图扭转英特尔不断下滑的命运。随着AMD以牺牲英特尔为代价占据技术领先地位，这看起来肯定是一个“轻松的赌注”，该公司可能会继续跑赢大盘。</blockquote></p><p> Intel's client computing group's (CCG) performance was underwhelming in FQ3. Its revenue fell by 1.9% YoY and 4.4% QoQ, respectively. Notably, it came at a time when 2021 saw a strong resurgence in PC sales.In a recent Apple(AAPL) article, we mentioned that Apple's Mac segment had performed very well in 2021. In just the first three FQs, Mac has exceeded its revenue on a per FY basis over the last three years. Its resurgence is also in line with the trend observed in the industry.</p><p><blockquote>英特尔客户端计算部门（CCG）在第三季度的业绩表现不佳。其收入分别同比下降1.9%和环比下降4.4%。值得注意的是，这发生在2021年PC销量强劲复苏之际。在苹果(AAPL)最近的一篇文章中，我们提到苹果的Mac部门在2021年表现非常出色。仅在前三个FQ中，Mac就超过了过去三年每个财年的收入。它的复兴也符合业内观察到的趋势。</blockquote></p><p> Counterpoint Research noted that \"global PC shipments marked their sixth consecutive YoY growth in Q3 2021&nbsp;at 84.2 million units. This came despite the ongoing component shortages and other supply constraints.\" Despite that, the firm also emphasized that \"the 9.3% YoY growth during [Q3] implied decelerating PC shipment momentum after four consecutive quarters of double-digit YoY growth since Q3 2020.\"</p><p><blockquote>Counterpoint Research指出，“2021年第三季度，全球PC出货量连续第六次同比增长，达到8420万台。尽管零部件短缺和其他供应限制持续存在，但这一情况还是出现了。”尽管如此，该公司还强调，“[第三季度]9.3%的同比增长意味着自2020年第三季度以来连续四个季度实现两位数同比增长后，PC出货量势头正在放缓。”</blockquote></p><p> Notwithstanding, Mac seems to have picked up strongly in CQ3. IDC reported that&nbsp;Apple's YoY shipment growth in CQ2&nbsp;was 9.4%. Moreover, Counterpoint research pointed out that Mac YoY shipment growth accelerated to 10.6% in CQ3. Hence, it's interesting to note that Mac grew even faster than the industry average in CQ3. As a result, Mac's global market share grew to 8.7%.</p><p><blockquote>尽管如此，Mac似乎在第三季度表现强劲。IDC报告称，苹果第二季度出货量同比增长9.4%。此外，Counterpoint research指出，第三季度Mac同比出货量增长加速至10.6%。因此，有趣的是，Mac在第三季度的增长速度甚至超过了行业平均水平。因此，Mac的全球市场份额增长至8.7%。</blockquote></p><p> Therefore, it seems like Apple has been doing very well since it decoupled from Intel's chips. Even though Gelsinger remains optimistic about winning back Apple's business through \"better products\" in the future, the divorce looks to be \"finalized\" for now. But investors in semiconductor companies should remember that never say never when it comes to technological leadership. Intel is still a highly profitable company and therefore has the wherewithal and conviction to compete. Whether it can overturn AMD's and NVDA's leadership remains to be seen. But never write the company off so early on.</p><p><blockquote>因此，自与英特尔芯片脱钩以来，苹果似乎一直做得很好。尽管基辛格对未来通过“更好的产品”赢回苹果的业务仍然持乐观态度，但离婚案目前看起来已经“敲定”。但半导体公司的投资者应该记住，在技术领先方面，永远不要说永远。英特尔仍然是一家高利润的公司，因此拥有竞争所需的资金和信念。能否推翻AMD和NVDA的领先地位，还有待观察。但永远不要这么早就放弃公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c622b359fd3a73cac53c0e4410177c3\" tg-width=\"640\" tg-height=\"275\" referrerpolicy=\"no-referrer\"><span>INTC and AMD LTM gross margins. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC和AMD LTM毛利率。数据来源：标普资本智商</span></p></blockquote></p><p> Pat Gelsinger has telegraphed a highly ambitious plan to assume technological leadership. It's mainly predicated on its \"five process nodes in four years\" quest to assume foundry leadership from Taiwan Semiconductor (TSM). In addition, the company is also willing to \"reset\" its gross margins to compete with AMD and NVDA at the same time. Outgoing CFO George Davis emphasized:</p><p><blockquote>帕特·基辛格(Pat Gelsinger)宣布了一项雄心勃勃的计划，以承担技术领先地位。这主要是基于其“四年内实现五个工艺节点”的追求，以取代台积电（TSM）的代工领导地位。此外，该公司还愿意“重置”毛利率，以同时与AMD和NVDA竞争。即将离任的首席财务官乔治·戴维斯强调：</blockquote></p><p>   <i>We expect to see our revenue growth accelerate to a 10% to 12% CAGR over the next 4 to 5 years</i>. For gross margin, with the impact of our investment in capacity and the acceleration of our process technology,   <i>we expect gross margins between 51% and 53% over the next 2 to 3 years</i>before moving upward. (from Intel Q3 earnings call)  We find it interesting. Yes, the investments for process leadership and capacity expansion will affect its profitability. But Intel recognizes that it's at least a five-year process. At this time, is the company going to let Dr. Lisa Su &amp; Co. take all the glory while Intel works out its troubles? Obviously not. Pat recognizes that he needs a stop-gap solution. Short of saying \"we are cutting prices now\" to compete with AMD, this is as close as it gets.</p><p><blockquote><i>我们预计未来4至5年我们的收入增长将加速至10%至12%的复合年增长率</i>就毛利率而言，受我们产能投资及工艺技术加速的影响，<i>我们预计未来2至3年毛利率将在51%至53%之间</i>在向上移动之前。（来自英特尔第三季度看涨期权收益）我们觉得这很有趣。是的，流程领先和产能扩张的投资将影响其盈利能力。但英特尔认识到这至少需要五年的时间。这个时候，公司是不是要让苏姿丰博士（Dr.Lisa Su&amp;Co.）拿走所有的荣耀，而英特尔则解决它的麻烦？显然不是。帕特认识到他需要一个权宜之计。除了说“我们现在正在降价”来与AMD竞争之外，这已经是最接近的了。</blockquote></p><p> We also highlighted in our previous AMD article (published on 20 September) that \"Intel is recently reported to be ready to lower the prices for its data center chips. The move was deemed necessary \"to lure back data center operators&nbsp;that have switched to rival Advanced Micro Devices.\" Otherwise, how can Gelsinger &amp; Co. be so confident in stopping the rot from AMD's continued success? Intel has telegraphed a highly ambitious plan to increase revenue by a CAGR of 10% to 12% over the next four to five years. Intel is trying to transform itself back into a growth company. If you want to grow and don't have technological leadership, you must give up some profits. That makes absolute sense.</p><p><blockquote>我们还在之前的AMD文章（9月20日发布）中强调，“据报道，英特尔最近准备降低其数据中心芯片的价格。此举被认为是必要的”，以吸引已转向竞争对手Advanced Micro Devices的数据中心运营商。”否则，基辛格公司怎么能如此自信地阻止AMD持续成功的颓势呢？英特尔宣布了一项雄心勃勃的计划，在未来四到五年内将收入以10%到12%的复合年增长率增长。英特尔正试图将自己变回一家成长型公司。如果你想增长，没有技术领先，你必须放弃一些利润。这完全有道理。</blockquote></p><p></p><p> The good thing is, Intel is already a highly profitable company. Its gross margins had declined markedly from the days when it posted margins north of 60%. However, its LTM margin of 56.3% is still significantly higher than AMD's 46.8%. Therefore, Intel's plans are credible. The company will now go head-on to compete with AMD in pricing while investing in assuming foundry leadership. Dr. Lisa Su &amp; Co., you have been cautioned.</p><p><blockquote>好的一面是，英特尔已经是一家高利润的公司。其毛利率较利润率超过60%时明显下降。不过，其56.3%的LTM利润率仍明显高于AMD的46.8%。因此，英特尔的计划是可信的。该公司现在将在定价上与AMD正面竞争，同时投资占据代工领导地位。苏丽莎博士公司，你已经被警告了。</blockquote></p><p> <b>AMD Continues Its Gangbusters Growth</b></p><p><blockquote><b>AMD继续强劲增长</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fb460f1a24eeac1ff3e46cc0ebd78f3\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>AMD quarterly revenue by segment. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD按部门划分的季度收入。数据来源：公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5df5298fbc9733b0c0a8b1110c401ba\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>AMD revenue segments YoY growth. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD收入部门同比增长。数据来源：公司备案</span></p></blockquote></p><p> There's little doubt that Dr. Lisa Su &amp; Co. have made the most of Intel's absolute mess. The company has been firing on all cylinders as it outperformed estimates easily. It continues to report tremendous strength in all its segments. FQ3 saw Advanced Micro Devices report 43.9% YoY growth in revenue for its computing and graphics business. Moreover, its enterprise, embedded, and semi-custom (EESC) segment continues its phenomenal run as AMD posted YoY revenue growth of 68.9%. Therefore, AMD has certainly made the most of Intel's losses in data center. Moreover, its computing and graphics growth has also been fantastic. AMD has undoubtedly grown much faster than the market.</p><p><blockquote>毫无疑问，Lisa Su&amp;Co.充分利用了英特尔的绝对混乱。该公司一直在全力以赴，因为它的表现轻松超出了预期。它继续在所有领域展现出巨大的实力。Advanced Micro Devices报告第三季度计算和图形业务收入同比增长43.9%。此外，AMD的企业、嵌入式和半定制(EESC)部门继续保持惊人的表现，收入同比增长68.9%。因此，AMD当然充分利用了英特尔在数据中心方面的亏损。此外，它的计算和图形增长也非常出色。AMD的增长速度无疑比市场快得多。</blockquote></p><p> In fact, AMD continues to expect strong sequential growth into FQ4. AMD emphasized:</p><p><blockquote>事实上，AMD继续预计第四季度将实现强劲的环比增长。AMD强调：</blockquote></p><p>   We expect revenue to be approximately $4.5 billion, plus or minus $100 million, an increase of approximately   <i>39% year-over-year and approximately 4% sequentially</i>. The year-over-year increase is expected to be driven by growth across all businesses. The quarter-over-quarter increase is expected to be driven by higher server and semi-custom sales. For the full year 2021,   <i>we now expect revenue to increase approximately 65% over 2020, driven by growth across all businesses</i>, up from the prior guidance of 60%. (from AMD FQ3 earnings call)  For a company that tells you that it expects a 65% YoY growth over FY20, it's clear it has achieved phenomenal results. Therefore, the market should reward AMD investors. AMD stock has clearly been outperforming the market after its early-year stumbles.</p><p><blockquote>我们预计营收约为45亿美元，正负1亿美元，增长约<i>同比增长39%，环比增长约4%</i>预计同比增长将受到所有业务增长的推动。预计环比增长将受到服务器和半定制销售额增加的推动。2021年全年，<i>我们现在预计，在所有业务增长的推动下，收入将比2020年增长约65%</i>，高于之前60%的指导。（来自AMD看涨期权第三季度收益）对于一家告诉您预计2020财年同比增长65%的公司来说，很明显它已经取得了惊人的成果。因此，市场应该奖励AMD投资者。AMD股票在经历了年初的下跌后，显然一直跑赢大盘。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af9edf4c4d4b8055eee2f32456b6589d\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"><span>AMD est. revenue and EBITDA mean consensus. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD东部时间。收入和EBITDA意味着共识。数据来源：标普资本智商</span></p></blockquote></p><p> However, we think investors need to consider how AMD will likely perform moving forward. Following its outstanding FQ3 report card, consensus estimates have also been revised upwards. AMD is estimated to post a revenue CAGR of 30.2% and an EBITDA CAGR of 50.4%. Compared to the company's FY21 revenue YoY growth guidance of 65%, it's a marked deceleration.</p><p><blockquote>然而，我们认为投资者需要考虑AMD未来的表现。继第三季度成绩单出色之后，共识预期也被上调。AMD预计收入复合年增长率为30.2%，EBITDA复合年增长率为50.4%。与该公司2021财年65%的收入同比增长指引相比，这是一个明显的减速。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/970fd9b4cebec404a6c9bcc8c5b18140\" tg-width=\"640\" tg-height=\"312\" referrerpolicy=\"no-referrer\"><span>AMD LTM revenue and EBITDA. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD LTM收入和EBITDA。数据来源：标普资本智商</span></p></blockquote></p><p> Importantly, AMD has also grown its LTM revenue and EBITDA by a CAGR of 31.2% and 160% over the last four years, respectively. Therefore, AMD is unlikely to post such monstrous growth moving forward. As a result, investors need to taper their expectations when considering buying its stock. They can't be expecting AMD to continue growing at such phenomenal growth rates incessantly. We know it sounds good, but it's simply not sustainable.</p><p><blockquote>重要的是，AMD的LTM收入和EBITDA在过去四年中也分别以31.2%和160%的复合年增长率增长。因此，AMD未来不太可能实现如此惊人的增长。因此，投资者在考虑购买其股票时需要降低预期。他们不能指望AMD继续以如此惊人的增长率不断增长。我们知道这听起来不错，但这根本不可持续。</blockquote></p><p> We can also observe from its FQ3 performance. Its segments' YoY growth was the slowest in FQ3'21 compared to the previous two quarters. So it's not slow per se, but the growth seems to be decelerating. Therefore, AMD investors, you have been reminded.</p><p><blockquote>我们也可以从它的FQ3表现中观察到。与前两个季度相比，其细分市场在21年第三季度的同比增长是最慢的。因此，它本身并不慢，但增长似乎正在减速。因此，AMD的投资者们，你们被提醒了。</blockquote></p><p> <b>Nvidia Is Expected To Post Slower Much Growth Than Before</b></p><p><blockquote><b>英伟达的增长预计将比以前慢得多</b></blockquote></p><p> Jensen Huang &amp; Co. will release its FQ3'22 report card on 17 November. Its earnings conferences have often been highly anticipated events in the past. Its investors, PC geeks, and gamers love NVDA.</p><p><blockquote>黄仁勋公司将于11月17日发布22年第三季度成绩单。过去，其财报会议往往是备受期待的活动。它的投资者、PC极客和游戏玩家都喜欢NVDA。</blockquote></p><p> The company guided for $6.8B in FQ3 revenue on its previous earnings call. Consensus estimates are also in line with the company's guidance. However,in our previous Nvidia article, we highlighted that the company's revenue growth seems to be decelerating across its main segments.</p><p><blockquote>该公司在之前的收益看涨期权上预计第三季度收入为$6.8 B。共识估计也符合公司的指引。然而，在我们之前的英伟达文章中，我们强调了该公司主要细分市场的收入增长似乎正在减速。</blockquote></p><p> Datacenter growth fell to 35% YoY in FQ2'22. Moreover, Gaming has also demonstrated signs of deceleration. Its growth in FQ2 also slowed to 85% YoY. As a result, the company's overall revenue growth slowed to 68.3% YoY in FQ2.</p><p><blockquote>22年第二季度数据中心同比增长率降至35%。而且，游戏也出现了减速的迹象。第二季度的同比增长也放缓至85%。因此，该公司第二季度整体收入同比增速放缓至68.3%。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dfa0d4e579274e870b43dadcb6aa0be7\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>NVDA actual and est. quarterly revenue YoY growth. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>NVDA实际和预计。季度收入同比增长。数据来源：标普资本智商</span></p></blockquote></p><p> Notably, even with the recently revised estimates, Nvidia is expected to post slower YoY growth in FQ3'22 and beyond. In fact, the deceleration looks alarming. Investors might have to taper their expectations of NVDA's gangbusters growth momentum moving forward. Nothing goes up in one straight line forever. Moving forward, revenue comps will get increasingly harder for Jensen Huang &amp; Co. to beat.</p><p><blockquote>值得注意的是，即使最近修订了预测，Nvidia预计在22年第三季度及以后的同比增长仍将放缓。事实上，减速看起来令人震惊。投资者可能不得不降低对NVDA未来强劲增长势头的预期。没有什么是永远直线上升的。展望未来，黄仁勋公司的收入竞争将变得越来越难以击败。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0873d94239c63b839b483644a71fe429\" tg-width=\"640\" tg-height=\"483\" referrerpolicy=\"no-referrer\"><span>NVDA earnings beats/misses. Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>NVDA盈利超出/未达到预期。资料来源：寻求Alpha Premium</span></p></blockquote></p><p> Notwithstanding, we recognize that NVDA might also be sandbagging expectations in its guidance. We noted that NVDA has only missed one quarterly estimate in the last four years. It's an almost flawless performance. Notably, while NVDA has consistently outperformed its guidance, those beats were not incredibly massive. What we meant is investors should not totally disregard the consensus estimates as out of line. They have been pretty accurate over time. So while NVDA might have sandbagged its previous guidance to overdeliver potentially, they had not overdone it.</p><p><blockquote>尽管如此，我们认识到NVDA也可能在其指导中降低预期。我们注意到，NVDA在过去四年中只未达到一个季度预期。这是一场近乎完美的表演。值得注意的是，虽然NVDA的表现一直优于其指导，但这些表现并不是令人难以置信的巨大。我们的意思是，投资者不应该完全忽视共识估计，认为这是不合理的。随着时间的推移，它们变得相当准确。因此，尽管NVDA可能已经将之前的指导意见沙袋化，以可能超额交付，但他们并没有做得太过分。</blockquote></p><p> We understand that some NVDA investors are anticipating its TAM expansion into its software stack, omniverse applications, and cloud-gaming expansion.</p><p><blockquote>我们了解到，一些NVDA投资者预计其TAM将扩展到其软件堆栈、omniverse应用程序和云游戏扩展。</blockquote></p><p> We recognize the incredible efforts invested by NVDA to transform itself into an AI company that has a huge GPU dominance. Coupled with its DPU and CPU forays, the hardware strategy looks very impressive. Moreover, Nvidia's AI Enterprise now offers its complete AI enterprise software suite to its customers. With the number of developers on its platform currently, we think its leadership is secure. The ecosystem will get even stronger over time as more developers come on board. If the company could pull through its Arm acquisition, we think there's no way that Intel or AMD could catch up.</p><p><blockquote>我们认识到NVDA为将自己转变为一家拥有巨大GPU主导地位的人工智能公司所付出的令人难以置信的努力。再加上其DPU和CPU的进军，硬件战略看起来非常令人印象深刻。此外，Nvidia的AI Enterprise现在向客户提供完整的AI Enterprise软件套件。鉴于目前其平台上的开发者数量，我们认为其领导地位是稳固的。随着时间的推移，随着更多开发者的加入，生态系统将变得更加强大。如果该公司能够完成对Arm的收购，我们认为英特尔或AMD不可能赶上。</blockquote></p><p> The main problem is that Nvidia couldn't/is not willing to put a timeline to<i>when they would derive meaningful revenues from its software stack.</i>Nvidia could only add recently: \"But as [we] said, what [we] quoted to you for both NVIDIA enterprise as well as for Omniverse enterprise as being multibillion-dollar opportunities, we see these as very real opportunities, right?\"</p><p><blockquote>主要问题是英伟达不能/不愿意设定时间表<i>当他们从其软件堆栈中获得有意义的收入时。</i>Nvidia最近只能补充道：“但正如[我们]所说，[我们]向您引用的NVIDIA enterprise和Omniverse enterprise价值数十亿美元的机会，我们认为这些都是非常真实的机会，对吗？”</blockquote></p><p> <b>So, Which Chip Stock Is The Better Buy?</b></p><p><blockquote><b>那么，哪只芯片股更好买呢？</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/97466fa7c05502ccb3d3fb348c1fbedd\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>AMD stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD股票EV/NTM EBITDA 3年平均值。</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58c3575f8db9aafef9a106f36114a1b7\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>NVDA stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NVDA股票EV/NTM EBITDA 3年平均值。</span></p></blockquote></p><p> AMD stock currently trades at an EV/NTM EBITDA of 29.7x. Its 3Y NTM EBITDA mean read 30.8x. Therefore, investors can argue that AMD might seem fairly valued right now. In contrast, NVDA stock trades at an EV/NTM EBITDA of 53.5x. Its 3Y NTM EBITDA mean is 41.6x. Thus, the stock is trading at about 28.6% above its 3Y mean. Hence, we think NVDA stock looks overvalued right now. Coupled with potentially slower revenue growth moving forward, a poor quarter might induce potential value compressions. Otherwise, a potential overcapacity problem in 2023 might also hit NVDA stock hard due to its rich valuation.</p><p><blockquote>AMD股票目前的EV/NTM EBITDA为29.7倍。其3年NTM EBITDA平均值为30.8倍。因此，投资者可以说AMD目前的估值似乎相当合理。相比之下，NVDA股票的EV/NTM EBITDA为53.5倍。其3年NTM EBITDA平均值为41.6倍。因此，该股的交易价格比其3年平均水平高出约28.6%。因此，我们认为NVDA股票目前看起来被高估。再加上未来收入增长可能放缓，糟糕的季度可能会导致潜在的价值压缩。否则，2023年潜在的产能过剩问题也可能因其估值过高而严重打击NVDA股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/467ed7eaf7cb4b7aed414494c2110be8\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>INTC stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC股票EV/NTM EBITDA 3年平均值。</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55716ccea92c6410434d2f1ab7d3ef15\" tg-width=\"640\" tg-height=\"265\" referrerpolicy=\"no-referrer\"><span>INTC stock LTM dividend yield. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC股票LTM股息收益率。数据来源：标普资本智商</span></p></blockquote></p><p> INTC stock trades at an EV/NTM EBITDA of 6.7x. It's markedly below its 3Y mean of 7.6x. Therefore, INTC is clearly a value play and not a growth play. It has also provided a respectable dividend yield for its investors over the years. As a result of its recent post-FQ3 sell-off, the annualized yield has recovered to 2.8%. INTC investors have been very comfortable sitting on its robust profitability and its solid dividend yields over the years. These value and dividend income investors don't invest in INTC stock for growth. They invest in it for its value and its dividends.</p><p><blockquote>INTC股票的EV/NTM EBITDA为6.7倍。这明显低于7.6倍的3年平均水平。因此，INTC显然是一种价值游戏，而不是一种增长游戏。多年来，它还为投资者提供了可观的股息收益率。由于最近第三季度后的抛售，年化收益率已恢复至2.8%。多年来，INTC投资者一直对其强劲的盈利能力和稳健的股息收益率感到非常满意。这些价值和股息收入投资者投资INTC股票并不是为了增长。他们投资它是为了它的价值和股息。</blockquote></p><p></p><p> Pat Gelsinger's ambitious growth plans have thrown them a curveball that they didn't expect. When Intel communicated that these plans would have a discernible impact on its profitability, they feared for their dividends. Perhaps, Gelsinger is banking on a turnover of its investor base. The company could potentially be a huge winner if it succeeds on its growth roadmap. Given that the expectations are so low now, it doesn't even have to be immensely successful for the stock to be re-rated upwards. The huge difference in the growth premium between INTC and its faster growth peers is eye-catching. We think investors who have patience and are willing to ride out the short-term volatility might find INTC stock attractively valued right now. Coupled with a 2.8% dividend yield, it adds more gloss to its premise. Adding on a potential growth re-rating, the stock certainly looks attractive.</p><p><blockquote>帕特·基辛格(Pat Gelsinger)雄心勃勃的增长计划给他们带来了意想不到的麻烦。当英特尔表示这些计划将对其盈利能力产生明显影响时，他们担心股息。也许，基辛格寄希望于其投资者基础的更替。如果该公司在增长路线图上取得成功，它可能会成为巨大的赢家。鉴于现在的预期如此之低，该股甚至不一定要取得巨大成功才能重新上调评级。INTC与增长更快的同行之间增长溢价的巨大差异引人注目。我们认为，有耐心并愿意度过短期波动的投资者可能会发现INTC股票目前的估值很有吸引力。再加上2.8%的股息收益率，为其前提增添了更多光彩。再加上潜在的增长重新评级，该股看起来确实很有吸引力。</blockquote></p><p> Despite that, INTC's long-term momentum has remained weak. The stock's long-term price action has also been much weaker than AMD stock. We recall that Buffett emphasized that he has no qualms about paying a fair price for a fantastic company.</p><p><blockquote>尽管如此，INTC的长期势头仍然疲软。该股的长期价格走势也远弱于AMD股票。我们记得巴菲特强调，他毫不犹豫地为一家出色的公司支付合理的价格。</blockquote></p><p> Therefore, we think&nbsp;<i>AMD stock represents our preferred Buy</i>&nbsp;for now.<i>INTC stock is also a Buy</i>&nbsp;for dividend and value investors. At the same time, we&nbsp;<i>retain our Neutral rating on NVDA</i>.</p><p><blockquote>因此，我们认为<i>AMD股票代表我们优先买入</i>就目前而言。<i>INTC股票也值得买入</i>对于股息和价值投资者。同时，我们<i>维持我们对NVDA的中性评级</i>.</blockquote></p><p> This article was written by&nbsp;JR Research.</p><p><blockquote>本文由JR Research撰写。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4463134-intel-nvidia-amd-chip-stock-better-buy\">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":{"NVDA":"英伟达","INTC":"英特尔","AMD":"美国超微公司"},"source_url":"https://seekingalpha.com/article/4463134-intel-nvidia-amd-chip-stock-better-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122237204","content_text":"Summary\n\nIntel reported a set of earnings that was pretty decent. However, the market was confused with its ambitious growth plans.\nAdvanced Micro Devices continues its run of phenomenal results in FY21. Dr. Lisa Su & Co. is making the most out of Intel's stumbles.\nNvidia will issue its FQ3 report card on 17 November. The company's growth momentum is expected to continue slowing down.\nWe discuss which semiconductor stock is the better buy now.\n\nSundry Photography/iStock Editorial via Getty Images\nInvestment Thesis\nAdvanced Micro Devices, Inc. (AMD) issued a fantastic FQ3 report card recently. The company also handily beat consensus estimates and reaffirmed AMD's position as one of the leading semiconductor companies.\nNotably, the company made gains while Intel (INTC) reported a set of results that we thought were actually pretty fine. There were some concerns over underwhelming data center performance, but it was expected. However, the market didn't like what Pat Gelsinger & Co. telegraphed and thrashed the stock after earnings. Intel communicated what it would cost on its quest to retake its process node leadership. However, it seems that investors weren't sure about the company's ambitious plans. Coupled with weakened profitability and free cash flow prospects, some value-oriented investors seemed to have headed for the exit.\nNvidia (NVDA) will issue its FQ3 report card on 17 November. The company had previously guided for a strong quarter. Jensen Huang & Co. see \"sequential growth driven largely by accelerating demand in data center.\" The company also expects growth in each of its three markets, particularly in gaming. Investors' expectations are also high given AMD's robust performance. Hence, investors have eagerly anticipated NVDA's earnings release as NVDA stock pushed through a new all-time high (ATH) this week.\nWe will discuss which semiconductor stock is the better buy now between them.\nINTC, NVDA, AMD Stock YTD Performance\nINTC, NVDA, AMD stock YTD performance (as of 27 October 21).\nNVDA stock continues to enjoy a phenomenal year so far. The stock made a new ATH this week, as YTD returns surged to 87.3%. Bearish investors in NVDA can say all they want, but we have never adopted a bearish NVDA stock thesis. It just doesn't make sense. The stock has the best possible A+ in Seeking Alpha's momentum grade for the whole year. Hence, we really couldn't understand those bearish theses. AMD stock is in second place with a 33.3% YTD gain. It seems like the stock has lagged far behind NVDA stock's incredible performance. However, investors should consider the fact that AMD stock spent most of H1'21 in the red. Therefore, its huge momentum surge in H2'21 has been really impressive. Consequently, the stock's momentum is also given an A grade in Seeking Alpha.\nIn contrast, the perennial underperformer INTC stock continues to underperform. The stock started very brightly as it raced to a 40% YTD gain. However, its momentum has completely fizzled out. Currently, its YTD decline of 3.9% looks abysmal when compared to AMD stock and NVDA stock. In addition, Seeking Alpha also assigned it with a D+ rating in momentum.\nIntel FQ3 Report Card Is Telling Of Its Weakening Leadership\nThere's little doubt that AMD has made the most of its recent dominance over Intel. However, what's more concerning to Intel investors, and likewise encouraging to AMD investors, is the clarity provided by their respective CEOs.\nIntel LTM revenue by segment. Data source: Company filings\nIntel reported another underwhelming quarter, but we don't think it was unexpected. Sure, the company's data center business (DCG) continues to disappoint compared to NVDA and AMD. However, INTC investors shouldn't be surprised.\nDCG quarterly revenue YoY growth came in at 10% in FQ3. However, DCG revenue has been on a declining trend on a last-twelve-months (LTM) basis since FQ2'20.In a recent AMD article, we mentioned that Omdia estimated that AMD's data center share crossed 15% in Q2'21 for the first time in history. In retrospect, Intel had almost complete dominance in this segment just four years ago. It clearly shows how the critical stumbles from its former management have derailed its previously \"unassailable\" leadership. Now, Gelsinger & Co. are left with the unenviable task of trying to overturn Intel's sinking fortunes. With AMD having assumed the technological leadership at the expense of Intel, it certainly looks like an \"easy bet\" which the company will likely continue to outperform.\nIntel's client computing group's (CCG) performance was underwhelming in FQ3. Its revenue fell by 1.9% YoY and 4.4% QoQ, respectively. Notably, it came at a time when 2021 saw a strong resurgence in PC sales.In a recent Apple(AAPL) article, we mentioned that Apple's Mac segment had performed very well in 2021. In just the first three FQs, Mac has exceeded its revenue on a per FY basis over the last three years. Its resurgence is also in line with the trend observed in the industry.\nCounterpoint Research noted that \"global PC shipments marked their sixth consecutive YoY growth in Q3 2021 at 84.2 million units. This came despite the ongoing component shortages and other supply constraints.\" Despite that, the firm also emphasized that \"the 9.3% YoY growth during [Q3] implied decelerating PC shipment momentum after four consecutive quarters of double-digit YoY growth since Q3 2020.\"\nNotwithstanding, Mac seems to have picked up strongly in CQ3. IDC reported that Apple's YoY shipment growth in CQ2 was 9.4%. Moreover, Counterpoint research pointed out that Mac YoY shipment growth accelerated to 10.6% in CQ3. Hence, it's interesting to note that Mac grew even faster than the industry average in CQ3. As a result, Mac's global market share grew to 8.7%.\nTherefore, it seems like Apple has been doing very well since it decoupled from Intel's chips. Even though Gelsinger remains optimistic about winning back Apple's business through \"better products\" in the future, the divorce looks to be \"finalized\" for now. But investors in semiconductor companies should remember that never say never when it comes to technological leadership. Intel is still a highly profitable company and therefore has the wherewithal and conviction to compete. Whether it can overturn AMD's and NVDA's leadership remains to be seen. But never write the company off so early on.\nINTC and AMD LTM gross margins. Data source: S&P Capital IQ\nPat Gelsinger has telegraphed a highly ambitious plan to assume technological leadership. It's mainly predicated on its \"five process nodes in four years\" quest to assume foundry leadership from Taiwan Semiconductor (TSM). In addition, the company is also willing to \"reset\" its gross margins to compete with AMD and NVDA at the same time. Outgoing CFO George Davis emphasized:\n\nWe expect to see our revenue growth accelerate to a 10% to 12% CAGR over the next 4 to 5 years. For gross margin, with the impact of our investment in capacity and the acceleration of our process technology, \n we expect gross margins between 51% and 53% over the next 2 to 3 yearsbefore moving upward. (from Intel Q3 earnings call)\n\nWe find it interesting. Yes, the investments for process leadership and capacity expansion will affect its profitability. But Intel recognizes that it's at least a five-year process. At this time, is the company going to let Dr. Lisa Su & Co. take all the glory while Intel works out its troubles? Obviously not. Pat recognizes that he needs a stop-gap solution. Short of saying \"we are cutting prices now\" to compete with AMD, this is as close as it gets.\nWe also highlighted in our previous AMD article (published on 20 September) that \"Intel is recently reported to be ready to lower the prices for its data center chips. The move was deemed necessary \"to lure back data center operators that have switched to rival Advanced Micro Devices.\" Otherwise, how can Gelsinger & Co. be so confident in stopping the rot from AMD's continued success? Intel has telegraphed a highly ambitious plan to increase revenue by a CAGR of 10% to 12% over the next four to five years. Intel is trying to transform itself back into a growth company. If you want to grow and don't have technological leadership, you must give up some profits. That makes absolute sense.\nThe good thing is, Intel is already a highly profitable company. Its gross margins had declined markedly from the days when it posted margins north of 60%. However, its LTM margin of 56.3% is still significantly higher than AMD's 46.8%. Therefore, Intel's plans are credible. The company will now go head-on to compete with AMD in pricing while investing in assuming foundry leadership. Dr. Lisa Su & Co., you have been cautioned.\nAMD Continues Its Gangbusters Growth\nAMD quarterly revenue by segment. Data source: Company filings\nAMD revenue segments YoY growth. Data source: Company filings\nThere's little doubt that Dr. Lisa Su & Co. have made the most of Intel's absolute mess. The company has been firing on all cylinders as it outperformed estimates easily. It continues to report tremendous strength in all its segments. FQ3 saw Advanced Micro Devices report 43.9% YoY growth in revenue for its computing and graphics business. Moreover, its enterprise, embedded, and semi-custom (EESC) segment continues its phenomenal run as AMD posted YoY revenue growth of 68.9%. Therefore, AMD has certainly made the most of Intel's losses in data center. Moreover, its computing and graphics growth has also been fantastic. AMD has undoubtedly grown much faster than the market.\nIn fact, AMD continues to expect strong sequential growth into FQ4. AMD emphasized:\n\n We expect revenue to be approximately $4.5 billion, plus or minus $100 million, an increase of approximately \n 39% year-over-year and approximately 4% sequentially. The year-over-year increase is expected to be driven by growth across all businesses. The quarter-over-quarter increase is expected to be driven by higher server and semi-custom sales. For the full year 2021, \n we now expect revenue to increase approximately 65% over 2020, driven by growth across all businesses, up from the prior guidance of 60%. (from AMD FQ3 earnings call)\n\nFor a company that tells you that it expects a 65% YoY growth over FY20, it's clear it has achieved phenomenal results. Therefore, the market should reward AMD investors. AMD stock has clearly been outperforming the market after its early-year stumbles.\nAMD est. revenue and EBITDA mean consensus. Data source: S&P Capital IQ\nHowever, we think investors need to consider how AMD will likely perform moving forward. Following its outstanding FQ3 report card, consensus estimates have also been revised upwards. AMD is estimated to post a revenue CAGR of 30.2% and an EBITDA CAGR of 50.4%. Compared to the company's FY21 revenue YoY growth guidance of 65%, it's a marked deceleration.\nAMD LTM revenue and EBITDA. Data source: S&P Capital IQ\nImportantly, AMD has also grown its LTM revenue and EBITDA by a CAGR of 31.2% and 160% over the last four years, respectively. Therefore, AMD is unlikely to post such monstrous growth moving forward. As a result, investors need to taper their expectations when considering buying its stock. They can't be expecting AMD to continue growing at such phenomenal growth rates incessantly. We know it sounds good, but it's simply not sustainable.\nWe can also observe from its FQ3 performance. Its segments' YoY growth was the slowest in FQ3'21 compared to the previous two quarters. So it's not slow per se, but the growth seems to be decelerating. Therefore, AMD investors, you have been reminded.\nNvidia Is Expected To Post Slower Much Growth Than Before\nJensen Huang & Co. will release its FQ3'22 report card on 17 November. Its earnings conferences have often been highly anticipated events in the past. Its investors, PC geeks, and gamers love NVDA.\nThe company guided for $6.8B in FQ3 revenue on its previous earnings call. Consensus estimates are also in line with the company's guidance. However,in our previous Nvidia article, we highlighted that the company's revenue growth seems to be decelerating across its main segments.\nDatacenter growth fell to 35% YoY in FQ2'22. Moreover, Gaming has also demonstrated signs of deceleration. Its growth in FQ2 also slowed to 85% YoY. As a result, the company's overall revenue growth slowed to 68.3% YoY in FQ2.\nNVDA actual and est. quarterly revenue YoY growth. Data source: S&P Capital IQ\nNotably, even with the recently revised estimates, Nvidia is expected to post slower YoY growth in FQ3'22 and beyond. In fact, the deceleration looks alarming. Investors might have to taper their expectations of NVDA's gangbusters growth momentum moving forward. Nothing goes up in one straight line forever. Moving forward, revenue comps will get increasingly harder for Jensen Huang & Co. to beat.\nNVDA earnings beats/misses. Source: Seeking Alpha Premium\nNotwithstanding, we recognize that NVDA might also be sandbagging expectations in its guidance. We noted that NVDA has only missed one quarterly estimate in the last four years. It's an almost flawless performance. Notably, while NVDA has consistently outperformed its guidance, those beats were not incredibly massive. What we meant is investors should not totally disregard the consensus estimates as out of line. They have been pretty accurate over time. So while NVDA might have sandbagged its previous guidance to overdeliver potentially, they had not overdone it.\nWe understand that some NVDA investors are anticipating its TAM expansion into its software stack, omniverse applications, and cloud-gaming expansion.\nWe recognize the incredible efforts invested by NVDA to transform itself into an AI company that has a huge GPU dominance. Coupled with its DPU and CPU forays, the hardware strategy looks very impressive. Moreover, Nvidia's AI Enterprise now offers its complete AI enterprise software suite to its customers. With the number of developers on its platform currently, we think its leadership is secure. The ecosystem will get even stronger over time as more developers come on board. If the company could pull through its Arm acquisition, we think there's no way that Intel or AMD could catch up.\nThe main problem is that Nvidia couldn't/is not willing to put a timeline towhen they would derive meaningful revenues from its software stack.Nvidia could only add recently: \"But as [we] said, what [we] quoted to you for both NVIDIA enterprise as well as for Omniverse enterprise as being multibillion-dollar opportunities, we see these as very real opportunities, right?\"\nSo, Which Chip Stock Is The Better Buy?\nAMD stock EV/NTM EBITDA 3Y mean.\nNVDA stock EV/NTM EBITDA 3Y mean.\nAMD stock currently trades at an EV/NTM EBITDA of 29.7x. Its 3Y NTM EBITDA mean read 30.8x. Therefore, investors can argue that AMD might seem fairly valued right now. In contrast, NVDA stock trades at an EV/NTM EBITDA of 53.5x. Its 3Y NTM EBITDA mean is 41.6x. Thus, the stock is trading at about 28.6% above its 3Y mean. Hence, we think NVDA stock looks overvalued right now. Coupled with potentially slower revenue growth moving forward, a poor quarter might induce potential value compressions. Otherwise, a potential overcapacity problem in 2023 might also hit NVDA stock hard due to its rich valuation.\nINTC stock EV/NTM EBITDA 3Y mean.\nINTC stock LTM dividend yield. Data source: S&P Capital IQ\nINTC stock trades at an EV/NTM EBITDA of 6.7x. It's markedly below its 3Y mean of 7.6x. Therefore, INTC is clearly a value play and not a growth play. It has also provided a respectable dividend yield for its investors over the years. As a result of its recent post-FQ3 sell-off, the annualized yield has recovered to 2.8%. INTC investors have been very comfortable sitting on its robust profitability and its solid dividend yields over the years. These value and dividend income investors don't invest in INTC stock for growth. They invest in it for its value and its dividends.\nPat Gelsinger's ambitious growth plans have thrown them a curveball that they didn't expect. When Intel communicated that these plans would have a discernible impact on its profitability, they feared for their dividends. Perhaps, Gelsinger is banking on a turnover of its investor base. The company could potentially be a huge winner if it succeeds on its growth roadmap. Given that the expectations are so low now, it doesn't even have to be immensely successful for the stock to be re-rated upwards. The huge difference in the growth premium between INTC and its faster growth peers is eye-catching. We think investors who have patience and are willing to ride out the short-term volatility might find INTC stock attractively valued right now. Coupled with a 2.8% dividend yield, it adds more gloss to its premise. Adding on a potential growth re-rating, the stock certainly looks attractive.\nDespite that, INTC's long-term momentum has remained weak. The stock's long-term price action has also been much weaker than AMD stock. We recall that Buffett emphasized that he has no qualms about paying a fair price for a fantastic company.\nTherefore, we think AMD stock represents our preferred Buy for now.INTC stock is also a Buy for dividend and value investors. At the same time, we retain our Neutral rating on NVDA.\nThis article was written by JR Research.","news_type":1,"symbols_score_info":{"INTC":0.9,"AMD":0.9,"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826294018,"gmtCreate":1634022847213,"gmtModify":1634022847317,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"At least it has proven me wrong… and make me a believer of Tesla…. I hope I am not too late","listText":"At least it has proven me wrong… and make me a believer of Tesla…. I hope I am not too late","text":"At least it has proven me wrong… and make me a believer of Tesla…. I hope I am not too late","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826294018","repostId":"1190239946","repostType":4,"repost":{"id":"1190239946","kind":"news","pubTimestamp":1634004849,"share":"https://www.laohu8.com/m/news/1190239946?lang=zh_CN&edition=full","pubTime":"2021-10-12 10:14","market":"us","language":"en","title":"Time and Again, Tesla Will Prove the Naysayers Wrong<blockquote>特斯拉将一次又一次地证明反对者是错误的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190239946","media":"InvestorPlace","summary":"For years now, CEO Elon Musk and his company,Tesla (NASDAQ:TSLA), have provided plenty of fodder for","content":"<p><div> For years now, CEO Elon Musk and his company,Tesla (NASDAQ:TSLA), have provided plenty of fodder for controversy and headlines. Plus, on Wall Street, TSLA stock is constantly a topic of debate and ...</p><p><blockquote><div>多年来，首席执行官Elon Musk和他的公司特斯拉（纳斯达克：TSLA）为争议和头条新闻提供了大量素材。此外，在华尔街，特斯拉股票一直是争论的话题...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/10/time-and-again-tsla-stock-will-prove-the-naysayers-wrong/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/10/time-and-again-tsla-stock-will-prove-the-naysayers-wrong/\">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>Time and Again, Tesla Will Prove the Naysayers Wrong<blockquote>特斯拉将一次又一次地证明反对者是错误的</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\">\nTime and Again, Tesla Will Prove the Naysayers Wrong<blockquote>特斯拉将一次又一次地证明反对者是错误的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-10-12 10:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> For years now, CEO Elon Musk and his company,Tesla (NASDAQ:TSLA), have provided plenty of fodder for controversy and headlines. Plus, on Wall Street, TSLA stock is constantly a topic of debate and ...</p><p><blockquote><div>多年来，首席执行官Elon Musk和他的公司特斯拉（纳斯达克：TSLA）为争议和头条新闻提供了大量素材。此外，在华尔街，特斯拉股票一直是争论的话题...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/10/time-and-again-tsla-stock-will-prove-the-naysayers-wrong/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/10/time-and-again-tsla-stock-will-prove-the-naysayers-wrong/\">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/2021/10/time-and-again-tsla-stock-will-prove-the-naysayers-wrong/\">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":{"TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/10/time-and-again-tsla-stock-will-prove-the-naysayers-wrong/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190239946","content_text":"For years now, CEO Elon Musk and his company,Tesla (NASDAQ:TSLA), have provided plenty of fodder for controversy and headlines. Plus, on Wall Street, TSLA stock is constantly a topic of debate and contention.\nAmong the flash points is Tesla’s valuation. Some value-focused investors might object because the company’s stock is trading at a seemingly high multiple.\nYet, let’s try to avoid knee-jerk reactions. TSLA stock might appear to be expensive at first glance, but deeper research may reveal that a high-growth business justifies a rich valuation.\nAt the end of the day, the data should decide what’s reasonable and what’s not. And in Tesla’s case, the numbers should convince even the staunchest skeptics that this automaker’s moving vehicles at a fast pace.\nTSLA Stock at a Glance\nThe Tesla bear camp was out in full force, as you might recall, back in 2020. At that time, the TSLA stock price was moving up quickly, and the company enacted a 5-for-1share split on Aug. 31 of that year.\nAs it turned out, neither the stock split nor the protests of the bears could slow down the bull market. If anything, it just accelerated into 2021.\nJanuary was a particularly heady month, as TSLA stock slammed into resistance at almost exactly $900. The buyers tried to push the stock above $900 again in February, but to no avail.\nAdmittedly, traders who chased the stock at that level were punished in 2021. The Tesla share price chopped and flopped around during the summer and into the fall, landing at $780 in early October.\nSo, here’s the kicker. Tesla’s trailing 12-month price-to-earnings ratio is 411.49x. This, no doubt, will frustrate some value investors.\nA New Paradigm\nOn the other hand, Tesla’s P/E ratio has been in the triple digits for quite a while now.\nToday’s investors must be able to adapt to a new paradigm: a stock is worth whatever people are willing to pay for it, and Wall Street will continue to reward a high-growth company for as long as it wants to.\nThe best advice for angry value investors is: don’t try to resist the reality of today’s marketplace. It’s not a battle you’re likely to win.\nBesides, Tesla’s delivery data is clearly on the right track.\nFor the third quarter of 2021, Tesla delivered 241,300 electric vehicles. That figure topped the analyst consensus estimate of 232,000.\nFurthermore, Tesla’s quarterly shipments grew 20% compared to the prior quarter, and an eye-popping 73% from the year-ago quarter.\nContinuing to Dominate\nWedbush analyst Dan Ives reacted to these figures with an insightful comment about Tesla’s ability to thrive despite the company’s challenges.\n“While there are many competitors in the EV space, Tesla continues to dominate market share as evidenced again this quarter while battling through the chip shortage and now is seeing rebounding China demand after facing headwinds earlier this year,” Ives explained.\nIndeed, the global semiconductor shortage hindered many automakers’ production lines. Yet, despite this, Tesla’s second-quarter revenues nearly doubled to $11.96 billion. Moreover, Tesla’s quarterly revenue result beat Wall Street’s estimate of $11.53 billion.\nFor the full year of 2021, Tesla has guided for more than 750,000 vehicle deliveries. That’s ambitious, but at the current rate, the company should be able to exceed its expectations. So, the naysayers don’t have much data on which to base their bear thesis now.\nFor Tesla’s investors, the future is looking as bright as ever.\nAs Ives put it, Tesla’s recent results speak to “an electric vehicle demand trajectory that looks quite robust for Tesla heading into the fourth quarter and 2022.”\nThe Takeaway\nTesla’s price-to-earnings ratio might be a hard pill for some investors to swallow. Yet, investing isn’t always about bottom-fishing for rock-bottom valuations.\nIt can also be about high-growth businesses that beat expectations. In Tesla’s case, the company is undeniably delivering plenty of vehicles — and positive surprises for the shareholders.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":828647958,"gmtCreate":1633913127367,"gmtModify":1633913127466,"author":{"id":"4094557117203060","authorId":"4094557117203060","name":"YS82","avatar":"https://static.tigerbbs.com/00edaee27a12bd6d16f16f29a3f0c55d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094557117203060","idStr":"4094557117203060"},"themes":[],"htmlText":"What an exciting week! Kind of set the tone for the rest of the year…. Diamond hands","listText":"What an exciting week! Kind of set the tone for the rest of the year…. Diamond hands","text":"What an exciting week! Kind of set the tone for the rest of the year…. Diamond hands","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/828647958","repostId":"2174971913","repostType":4,"isVote":1,"tweetType":1,"viewCount":407,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}