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jojoc

jojoc

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0勋章

2021-11-19

Good

S&P 500, Nasdaq hit record closing highs<blockquote>标普500、纳斯达克创收盘新高</blockquote>

2021-12-20

Ok

‘NIO Day’ Featured a New EV and AR Goggles. Will They Be Enough to Boost the Hard Hit Stock?<blockquote>“蔚来日”推出了新的电动汽车和AR护目镜。它们是否足以提振遭受重创的股票？</blockquote>

2021-12-05

Good

抱歉，原内容已删除

2021-12-05

Good

US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国IPO周：数字银行和云基础设施引领IPO周4</blockquote>

2021-12-04

Good

US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国IPO周：数字银行和云基础设施引领IPO周4</blockquote>

2021-12-02

Good

Razer will be privatized at a price of HK $2.82 per share<blockquote>雷蛇将以每股2.82港元的价格私有化</blockquote>

2021-11-16

Good

抱歉，原内容已删除

2021-12-28

Ok

抱歉，原内容已删除

2021-12-26

Ok

A Year After Announcing a Big Partnership, Ocugen Is in a Sorry State<blockquote>宣布大合作伙伴关系一年后，Ocugen的处境很糟糕</blockquote>

2021-12-23

Oo

Are there any bubbles in Apple stock?<blockquote>苹果股票有泡沫吗？</blockquote>

2021-12-13

Ok

抱歉，原内容已删除

2021-12-11

Ok

Sea Ltd stock dropped more than 5% in morning trading<blockquote>Sea Ltd股价早盘下跌超过5%</blockquote>

2021-12-08

Good

Network security stocks climbed in morning trading<blockquote>网络安全股早盘攀升</blockquote>

2021-11-19

Good

抱歉，原内容已删除

2021-12-21

Ok

Mega-cap growth stocks extended their fall from the previous session<blockquote>大型成长股延续前一交易日跌势</blockquote>

2021-12-19

Ok

抱歉，原内容已删除

2021-12-16

Ok

抱歉，原内容已删除

2021-12-16

Ok

抱歉，原内容已删除

2021-12-14

Ok

抱歉，原内容已删除

2021-12-09

Good

抱歉，原内容已删除

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07:24","market":"us","language":"en","title":"Intel Sells SSD Business and Dalian Facility to SK hynix<blockquote>英特尔将SSD业务和大连工厂出售给SK海力士</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173190687","media":"Businesswire","summary":"SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation today announced it has completed the first c","content":"<p><html><head></head><body>SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation today announced it has completed the first closing of the sale of its NAND and SSD business, selling its SSD business (including the transfer of certain NAND SSD-associated intellectual properties (IP) and employees) and the Dalian NAND memory manufacturing facility in China to Seoul-based SK hynix. In exchange, SK hynix will pay Intel US$7 billion in consideration.The dea lwas announced Oct. 19, 2020.</p><p><blockquote><html><head></head><body>加利福尼亚州圣克拉拉--(美国商业资讯)--英特尔公司今天宣布，它已经完成了其NAND和SSD业务的首次出售，将其SSD业务（包括转让某些NAND SSD相关的知识产权（IP）和员工）和大连NAND存储器制造工厂出售给总部位于首尔的SK海力士。作为交换，SK海力士将向英特尔支付70亿美元对价。美国药品管理局于2020年10月19日宣布。</body></html></blockquote></p><p>Intel will continue to manufacture NAND wafers at SK hynix’s Dalian memory manufacturing facility and retain certain IP related to the manufacture and design of NAND flash wafers until the final closing of the transaction. The final closing is expected to occur in or after March 2025, when SK hynix will acquire from Intel the remaining NAND business assets, including certain IP related to the manufacture and design of NAND flash wafers, R&amp;D employees and the Dalian fab workforce, for US$2 billion.</p><p><blockquote>英特尔将继续在SK海力士大连存储器制造工厂制造NAND晶圆，并保留与NAND闪存晶圆制造和设计相关的某些IP，直到交易最终完成。最终交割预计将在2025年3月或之后进行，届时SK海力士将以20亿美元从英特尔收购剩余的NAND业务资产，包括与NAND闪存晶圆制造和设计相关的某些IP、研发员工和大连晶圆厂劳动力。</blockquote></p><p>The SSD business will transition to a newly formed company, Solidigm, a subsidiary of SK hynix. Solidigm, whose name reflects a new paradigm in solid-state storage, will name Robert (Rob) B. Crooke as CEO. Crooke was previously senior vice president and general manager of Intel’s Non-Volatile Memory Solutions Group. Solidigm will have its headquarters in San Jose, California.</p><p><blockquote>SSD业务将过渡到一家新成立的公司Solidigm，该公司是SK海力士的子公司。Solidigm的名字反映了固态存储的新范式，将任命Robert（Rob）B.Crooke为首席执行官。Crooke此前是英特尔非易失性内存解决方案集团的高级副总裁兼总经理。Solidigm的总部将设在加利福尼亚州圣何塞。</blockquote></p><p>As previously disclosed, Intel intends to invest transaction proceeds to deliver leadership products and advance its long-term growth priorities.</p><p><blockquote>正如之前披露的那样，英特尔打算将交易收益投资于交付领先产品并推进其长期增长优先事项。</blockquote></p><p>Intel shares fell 0.44% in after-hours trading.<img src=\"https://static.tigerbbs.com/8fe0ee071b869baff53a040eb60bf257\" tg-width=\"728\" tg-height=\"594\" width=\"100%\" height=\"auto\"/></p><p><blockquote>英特尔股价在盘后交易中下跌0.44%。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","source":"lsy1584686423112","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 Sells SSD Business and Dalian Facility to SK hynix<blockquote>英特尔将SSD业务和大连工厂出售给SK海力士</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 Sells SSD Business and Dalian Facility to SK hynix<blockquote>英特尔将SSD业务和大连工厂出售给SK海力士</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Businesswire</strong><span class=\"h-time small\">2021-12-30 07:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation today announced it has completed the first closing of the sale of its NAND and SSD business, selling its SSD business (including the transfer of certain NAND SSD-associated intellectual properties (IP) and employees) and the Dalian NAND memory manufacturing facility in China to Seoul-based SK hynix. In exchange, SK hynix will pay Intel US$7 billion in consideration.The dea lwas announced Oct. 19, 2020.</p><p><blockquote><html><head></head><body>加利福尼亚州圣克拉拉--(美国商业资讯)--英特尔公司今天宣布，它已经完成了其NAND和SSD业务的首次出售，将其SSD业务（包括转让某些NAND SSD相关的知识产权（IP）和员工）和大连NAND存储器制造工厂出售给总部位于首尔的SK海力士。作为交换，SK海力士将向英特尔支付70亿美元对价。美国药品管理局于2020年10月19日宣布。</body></html></blockquote></p><p>Intel will continue to manufacture NAND wafers at SK hynix’s Dalian memory manufacturing facility and retain certain IP related to the manufacture and design of NAND flash wafers until the final closing of the transaction. The final closing is expected to occur in or after March 2025, when SK hynix will acquire from Intel the remaining NAND business assets, including certain IP related to the manufacture and design of NAND flash wafers, R&amp;D employees and the Dalian fab workforce, for US$2 billion.</p><p><blockquote>英特尔将继续在SK海力士大连存储器制造工厂制造NAND晶圆，并保留与NAND闪存晶圆制造和设计相关的某些IP，直到交易最终完成。最终交割预计将在2025年3月或之后进行，届时SK海力士将以20亿美元从英特尔收购剩余的NAND业务资产，包括与NAND闪存晶圆制造和设计相关的某些IP、研发员工和大连晶圆厂劳动力。</blockquote></p><p>The SSD business will transition to a newly formed company, Solidigm, a subsidiary of SK hynix. Solidigm, whose name reflects a new paradigm in solid-state storage, will name Robert (Rob) B. Crooke as CEO. Crooke was previously senior vice president and general manager of Intel’s Non-Volatile Memory Solutions Group. Solidigm will have its headquarters in San Jose, California.</p><p><blockquote>SSD业务将过渡到一家新成立的公司Solidigm，该公司是SK海力士的子公司。Solidigm的名字反映了固态存储的新范式，将任命Robert（Rob）B.Crooke为首席执行官。Crooke此前是英特尔非易失性内存解决方案集团的高级副总裁兼总经理。Solidigm的总部将设在加利福尼亚州圣何塞。</blockquote></p><p>As previously disclosed, Intel intends to invest transaction proceeds to deliver leadership products and advance its long-term growth priorities.</p><p><blockquote>正如之前披露的那样，英特尔打算将交易收益投资于交付领先产品并推进其长期增长优先事项。</blockquote></p><p>Intel shares fell 0.44% in after-hours trading.<img src=\"https://static.tigerbbs.com/8fe0ee071b869baff53a040eb60bf257\" tg-width=\"728\" tg-height=\"594\" width=\"100%\" height=\"auto\"/></p><p><blockquote>英特尔股价在盘后交易中下跌0.44%。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.businesswire.com/news/home/20211229005403/en/Intel-Sells-SSD-Business-and-Dalian-Facility-to-SK-hynix\">Businesswire</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":{"INTC":"英特尔"},"source_url":"https://www.businesswire.com/news/home/20211229005403/en/Intel-Sells-SSD-Business-and-Dalian-Facility-to-SK-hynix","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173190687","content_text":"SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation today announced it has completed the first closing of the sale of its NAND and SSD business, selling its SSD business (including the transfer of certain NAND SSD-associated intellectual properties (IP) and employees) and the Dalian NAND memory manufacturing facility in China to Seoul-based SK hynix. In exchange, SK hynix will pay Intel US$7 billion in consideration.The dea lwas announced Oct. 19, 2020.Intel will continue to manufacture NAND wafers at SK hynix’s Dalian memory manufacturing facility and retain certain IP related to the manufacture and design of NAND flash wafers until the final closing of the transaction. The final closing is expected to occur in or after March 2025, when SK hynix will acquire from Intel the remaining NAND business assets, including certain IP related to the manufacture and design of NAND flash wafers, R&D employees and the Dalian fab workforce, for US$2 billion.The SSD business will transition to a newly formed company, Solidigm, a subsidiary of SK hynix. Solidigm, whose name reflects a new paradigm in solid-state storage, will name Robert (Rob) B. Crooke as CEO. Crooke was previously senior vice president and general manager of Intel’s Non-Volatile Memory Solutions Group. Solidigm will have its headquarters in San Jose, California.As previously disclosed, Intel intends to invest transaction proceeds to deliver leadership products and advance its long-term growth priorities.Intel shares fell 0.44% in after-hours trading.","news_type":1,"symbols_score_info":{"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":2698,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692910819,"gmtCreate":1640825642957,"gmtModify":1640825643204,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692910819","repostId":"1174778626","repostType":4,"repost":{"id":"1174778626","kind":"news","pubTimestamp":1640822866,"share":"https://www.laohu8.com/m/news/1174778626?lang=zh_CN&edition=full","pubTime":"2021-12-30 08:07","market":"sg","language":"en","title":"Singapore Stock Market May Fade On Thursday<blockquote>新加坡股市周四可能会褪色</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174778626","media":"RTTNews","summary":"The Singapore stock market has tracked higher in two straight sessions, gathering almost 35 points o","content":"<p><html><head></head><body>The Singapore stock market has tracked higher in two straight sessions, gathering almost 35 points or 1.1 percent along the way. The Straits Times Index now sits just beneath the 3,140-point plateau and it&#39;s expected to remain in that neighborhood again on Thursday.</p><p><blockquote><html><head></head><body>新加坡股市连续两个交易日走高，上涨近35点或1.1%。海峡时报指数目前略低于3,140点的高位，预计周四将再次保持在该附近。</body></html></blockquote></p><p>The global forecast for the Asian markets is murky following reports that the Omicron variant of the coronavirus has fueled a worldwide spike in the illness. The European and U.S. markets were mixed and little changed and the Asian markets figure to follow that lead.</p><p><blockquote>有报道称，冠状病毒的奥密克戎变种在全球范围内引发了该疾病的激增，对亚洲市场的全球预测并不明朗。欧洲和美国市场涨跌互现，变化不大，亚洲市场也将紧随其后。</blockquote></p><p>The STI finished modestly higher on Wednesday following gains from the financials, industrials, properties and plantations.</p><p><blockquote>继金融、工业、房地产和种植园上涨后，海指周三小幅收高。</blockquote></p><p>For the day, the index gained 9.61 points or 0.31 percent to finish at 3,138.02 after trading between 3,132.87 and 3,140.52. Volume was 868.1 million shares worth 450.1 million Singapore dollars. There were 274 gainers and 156 decliners.</p><p><blockquote>当天，该指数在3,132.87点至3,140.52点之间交易后，上涨9.61点或0.31%，收于3,138.02点。成交量为8.681亿股，价值4.501亿新元。上涨274家，下跌156家。</blockquote></p><p>Among the actives, Ascendas REIT jumped 1.02 percent, while CapitaLand Integrated Commercial Trust added 0.49 percent, City Developments gathered 0.74 percent, Dairy Farm International tumbled 1.72 percent, DBS Group rose 0.09 percent, Genting Singapore surged 1.29 percent, Keppel Corp gained 0.39 percent, Mapletree Logistics Trust spiked 1.07 percent, Oversea-Chinese Banking Corporation collected 0.18 percent, SATS fell 0.26 percent, Singapore Airlines perked 0.60 percent, Singapore Exchange dipped 0.21 percent, SingTel sank 0.85 percent, Thai Beverage and Yangzijiang Shipbuilding both climbed 0.76 percent, United Overseas Bank and Jardine Matheson both advanced 0.56 percent, Wilmar International soared 1.21 percent and Hongkong Land, Mapletree Commercial Trust, Singapore Press Holdings, Singapore Technologies Engineering, SembCorp Industries and Comfort DelGro were unchanged.</p><p><blockquote>活跃股中，腾飞房地产投资信托上涨1.02%，凯德综合商业信托上涨0.49%，City Developments上涨0.74%，Dairy Farm International下跌1.72%，星展集团上涨0.09%，云顶新加坡飙升1.29%，吉宝企业上涨0.39%，丰树物流信托飙升1.07%，华侨银行上涨0.18%，新翔集团下跌0.26%，新加坡航空上涨0.60%，新加坡交易所下跌0.21%，新加坡电信下跌0.85%，泰国饮料和扬子江造船均上涨0.76%，大华银行和怡和国际均上涨0.56%，丰益国际飙升1.21%，香港置地、丰树商业信托、新加坡报业控股、新加坡科技工程、胜科工业和舒适德尔高持平。</blockquote></p><p>The lead from Wall Street provides little clarity. All three of the major averages opened higher on Wednesday, and the Dow stayed that way throughout. The NASDAQ quickly turned lower and finished slightly under the line. The S&amp;P 500 bounced back and forth and ended slightly in the green.</p><p><blockquote>华尔街的领先优势并没有提供多少清晰度。周三，三大股指均高开，道琼斯指数始终保持这种状态。纳斯达克迅速转低，收盘略低于底线。标普500来回反弹，略微以果岭结束。</blockquote></p><p>The Dow advanced 90.42 points or 0.25 percent to finish at 36,488.63, while the NASDAQ dipped 15.51 points or 0.10 percent to close at 15,766.22 and the S&amp;P rose 6.71 points or 0.14 percent to end at 4,793.06.</p><p><blockquote>道琼斯指数上涨90.42点或0.25%，收于36,488.63点；纳斯达克下跌15.51点或0.10%，收于15,766.22点；标准普尔指数上涨6.71点或0.14%，收于4,793.06点。</blockquote></p><p>Traders seemed reluctant to continue making significant moves following recent strength in the markets, which has helped stocks recover from the sell-off seen in reaction to initial reports about the Omicron variant of the coronavirus.</p><p><blockquote>在近期市场走强后，交易员似乎不愿继续采取重大举措，这帮助股市从有关冠状病毒奥密克戎变种的初步报道引发的抛售中恢复过来。</blockquote></p><p>While Omicron has contributed to a surge in new coronavirus cases around the world, traders seem optimistic that the milder symptoms associated with the new strain will not lead to a significant economic slowdown.</p><p><blockquote>尽管奥密克戎导致全球新冠病毒病例激增，但交易员似乎乐观地认为，与新毒株相关的较轻症状不会导致经济大幅放缓。</blockquote></p><p>On the U.S. economic front, the National Association of Realtors noted an unexpected pullback in pending home sales in November.</p><p><blockquote>在美国经济方面，全国房地产经纪人协会指出，11月份待售房屋销售意外回落。</blockquote></p><p>Crude oil prices moved higher Wednesday, extending recent gains after the Energy Information Administration said U.S. crude oil inventories fell more than expected last week. Crude oil for February delivery climbed $0.58 or 0.8 percent to $76.56 a barrel.</p><p><blockquote>原油价格周三走高，延续了近期涨幅，此前美国能源情报署表示上周美国原油库存降幅超过预期。2月份交割的原油价格上涨0.58美元，或0.8%，至每桶76.56美元。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","source":"lsy1626938412129","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stock Market May Fade On Thursday<blockquote>新加坡股市周四可能会褪色</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stock Market May Fade On Thursday<blockquote>新加坡股市周四可能会褪色</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">RTTNews</strong><span class=\"h-time small\">2021-12-30 08:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The Singapore stock market has tracked higher in two straight sessions, gathering almost 35 points or 1.1 percent along the way. The Straits Times Index now sits just beneath the 3,140-point plateau and it&#39;s expected to remain in that neighborhood again on Thursday.</p><p><blockquote><html><head></head><body>新加坡股市连续两个交易日走高，上涨近35点或1.1%。海峡时报指数目前略低于3,140点的高位，预计周四将再次保持在该附近。</body></html></blockquote></p><p>The global forecast for the Asian markets is murky following reports that the Omicron variant of the coronavirus has fueled a worldwide spike in the illness. The European and U.S. markets were mixed and little changed and the Asian markets figure to follow that lead.</p><p><blockquote>有报道称，冠状病毒的奥密克戎变种在全球范围内引发了该疾病的激增，对亚洲市场的全球预测并不明朗。欧洲和美国市场涨跌互现，变化不大，亚洲市场也将紧随其后。</blockquote></p><p>The STI finished modestly higher on Wednesday following gains from the financials, industrials, properties and plantations.</p><p><blockquote>继金融、工业、房地产和种植园上涨后，海指周三小幅收高。</blockquote></p><p>For the day, the index gained 9.61 points or 0.31 percent to finish at 3,138.02 after trading between 3,132.87 and 3,140.52. Volume was 868.1 million shares worth 450.1 million Singapore dollars. There were 274 gainers and 156 decliners.</p><p><blockquote>当天，该指数在3,132.87点至3,140.52点之间交易后，上涨9.61点或0.31%，收于3,138.02点。成交量为8.681亿股，价值4.501亿新元。上涨274家，下跌156家。</blockquote></p><p>Among the actives, Ascendas REIT jumped 1.02 percent, while CapitaLand Integrated Commercial Trust added 0.49 percent, City Developments gathered 0.74 percent, Dairy Farm International tumbled 1.72 percent, DBS Group rose 0.09 percent, Genting Singapore surged 1.29 percent, Keppel Corp gained 0.39 percent, Mapletree Logistics Trust spiked 1.07 percent, Oversea-Chinese Banking Corporation collected 0.18 percent, SATS fell 0.26 percent, Singapore Airlines perked 0.60 percent, Singapore Exchange dipped 0.21 percent, SingTel sank 0.85 percent, Thai Beverage and Yangzijiang Shipbuilding both climbed 0.76 percent, United Overseas Bank and Jardine Matheson both advanced 0.56 percent, Wilmar International soared 1.21 percent and Hongkong Land, Mapletree Commercial Trust, Singapore Press Holdings, Singapore Technologies Engineering, SembCorp Industries and Comfort DelGro were unchanged.</p><p><blockquote>活跃股中，腾飞房地产投资信托上涨1.02%，凯德综合商业信托上涨0.49%，City Developments上涨0.74%，Dairy Farm International下跌1.72%，星展集团上涨0.09%，云顶新加坡飙升1.29%，吉宝企业上涨0.39%，丰树物流信托飙升1.07%，华侨银行上涨0.18%，新翔集团下跌0.26%，新加坡航空上涨0.60%，新加坡交易所下跌0.21%，新加坡电信下跌0.85%，泰国饮料和扬子江造船均上涨0.76%，大华银行和怡和国际均上涨0.56%，丰益国际飙升1.21%，香港置地、丰树商业信托、新加坡报业控股、新加坡科技工程、胜科工业和舒适德尔高持平。</blockquote></p><p>The lead from Wall Street provides little clarity. All three of the major averages opened higher on Wednesday, and the Dow stayed that way throughout. The NASDAQ quickly turned lower and finished slightly under the line. The S&amp;P 500 bounced back and forth and ended slightly in the green.</p><p><blockquote>华尔街的领先优势并没有提供多少清晰度。周三，三大股指均高开，道琼斯指数始终保持这种状态。纳斯达克迅速转低，收盘略低于底线。标普500来回反弹，略微以果岭结束。</blockquote></p><p>The Dow advanced 90.42 points or 0.25 percent to finish at 36,488.63, while the NASDAQ dipped 15.51 points or 0.10 percent to close at 15,766.22 and the S&amp;P rose 6.71 points or 0.14 percent to end at 4,793.06.</p><p><blockquote>道琼斯指数上涨90.42点或0.25%，收于36,488.63点；纳斯达克下跌15.51点或0.10%，收于15,766.22点；标准普尔指数上涨6.71点或0.14%，收于4,793.06点。</blockquote></p><p>Traders seemed reluctant to continue making significant moves following recent strength in the markets, which has helped stocks recover from the sell-off seen in reaction to initial reports about the Omicron variant of the coronavirus.</p><p><blockquote>在近期市场走强后，交易员似乎不愿继续采取重大举措，这帮助股市从有关冠状病毒奥密克戎变种的初步报道引发的抛售中恢复过来。</blockquote></p><p>While Omicron has contributed to a surge in new coronavirus cases around the world, traders seem optimistic that the milder symptoms associated with the new strain will not lead to a significant economic slowdown.</p><p><blockquote>尽管奥密克戎导致全球新冠病毒病例激增，但交易员似乎乐观地认为，与新毒株相关的较轻症状不会导致经济大幅放缓。</blockquote></p><p>On the U.S. economic front, the National Association of Realtors noted an unexpected pullback in pending home sales in November.</p><p><blockquote>在美国经济方面，全国房地产经纪人协会指出，11月份待售房屋销售意外回落。</blockquote></p><p>Crude oil prices moved higher Wednesday, extending recent gains after the Energy Information Administration said U.S. crude oil inventories fell more than expected last week. Crude oil for February delivery climbed $0.58 or 0.8 percent to $76.56 a barrel.</p><p><blockquote>原油价格周三走高，延续了近期涨幅，此前美国能源情报署表示上周美国原油库存降幅超过预期。2月份交割的原油价格上涨0.58美元，或0.8%，至每桶76.56美元。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.rttnews.com/3251959/singapore-stock-market-may-fade-on-thursday.aspx?type=acom\">RTTNews</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3251959/singapore-stock-market-may-fade-on-thursday.aspx?type=acom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174778626","content_text":"The Singapore stock market has tracked higher in two straight sessions, gathering almost 35 points or 1.1 percent along the way. The Straits Times Index now sits just beneath the 3,140-point plateau and it's expected to remain in that neighborhood again on Thursday.The global forecast for the Asian markets is murky following reports that the Omicron variant of the coronavirus has fueled a worldwide spike in the illness. The European and U.S. markets were mixed and little changed and the Asian markets figure to follow that lead.The STI finished modestly higher on Wednesday following gains from the financials, industrials, properties and plantations.For the day, the index gained 9.61 points or 0.31 percent to finish at 3,138.02 after trading between 3,132.87 and 3,140.52. Volume was 868.1 million shares worth 450.1 million Singapore dollars. There were 274 gainers and 156 decliners.Among the actives, Ascendas REIT jumped 1.02 percent, while CapitaLand Integrated Commercial Trust added 0.49 percent, City Developments gathered 0.74 percent, Dairy Farm International tumbled 1.72 percent, DBS Group rose 0.09 percent, Genting Singapore surged 1.29 percent, Keppel Corp gained 0.39 percent, Mapletree Logistics Trust spiked 1.07 percent, Oversea-Chinese Banking Corporation collected 0.18 percent, SATS fell 0.26 percent, Singapore Airlines perked 0.60 percent, Singapore Exchange dipped 0.21 percent, SingTel sank 0.85 percent, Thai Beverage and Yangzijiang Shipbuilding both climbed 0.76 percent, United Overseas Bank and Jardine Matheson both advanced 0.56 percent, Wilmar International soared 1.21 percent and Hongkong Land, Mapletree Commercial Trust, Singapore Press Holdings, Singapore Technologies Engineering, SembCorp Industries and Comfort DelGro were unchanged.The lead from Wall Street provides little clarity. All three of the major averages opened higher on Wednesday, and the Dow stayed that way throughout. The NASDAQ quickly turned lower and finished slightly under the line. The S&P 500 bounced back and forth and ended slightly in the green.The Dow advanced 90.42 points or 0.25 percent to finish at 36,488.63, while the NASDAQ dipped 15.51 points or 0.10 percent to close at 15,766.22 and the S&P rose 6.71 points or 0.14 percent to end at 4,793.06.Traders seemed reluctant to continue making significant moves following recent strength in the markets, which has helped stocks recover from the sell-off seen in reaction to initial reports about the Omicron variant of the coronavirus.While Omicron has contributed to a surge in new coronavirus cases around the world, traders seem optimistic that the milder symptoms associated with the new strain will not lead to a significant economic slowdown.On the U.S. economic front, the National Association of Realtors noted an unexpected pullback in pending home sales in November.Crude oil prices moved higher Wednesday, extending recent gains after the Energy Information Administration said U.S. crude oil inventories fell more than expected last week. Crude oil for February delivery climbed $0.58 or 0.8 percent to $76.56 a barrel.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":2239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692910148,"gmtCreate":1640825526083,"gmtModify":1640825526301,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692910148","repostId":"1107504568","repostType":4,"isVote":1,"tweetType":1,"viewCount":2296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692937700,"gmtCreate":1640825461937,"gmtModify":1640825462191,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692937700","repostId":"1146550494","repostType":4,"isVote":1,"tweetType":1,"viewCount":2303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692937256,"gmtCreate":1640825388288,"gmtModify":1640825388539,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692937256","repostId":"1176800005","repostType":4,"isVote":1,"tweetType":1,"viewCount":2616,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692937176,"gmtCreate":1640825314019,"gmtModify":1640825314282,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692937176","repostId":"1175206227","repostType":2,"isVote":1,"tweetType":1,"viewCount":2074,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696797423,"gmtCreate":1640763659595,"gmtModify":1640763659831,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696797423","repostId":"1136056120","repostType":4,"repost":{"id":"1136056120","kind":"news","pubTimestamp":1640763239,"share":"https://www.laohu8.com/m/news/1136056120?lang=zh_CN&edition=full","pubTime":"2021-12-29 15:33","market":"us","language":"en","title":"Dare to Invest in a Potential Tesla Killer with Gores Guggenheim<blockquote>敢于与Gores Guggenheim一起投资潜在的特斯拉杀手</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1136056120","media":"InvestorPlace","summary":"In light of the Polestar 2's Tesla-beating range, GGPI stock holders are definitely driving in the fast lane","content":"<p><div> Ready to test-drive an exciting electric vehicle (EV) special purpose acquisition company (SPAC) stock? If so, then you’re invited to check out Gores Guggenheim (NASDAQ:GGPI). It’s just a shell ...</p><p><blockquote><div>准备好试驾令人兴奋的电动汽车(EV)特殊目的收购公司(SPAC)股票了吗？如果是这样，那么我们邀请你去看看Gores Guggenheim（纳斯达克：GGPI）。它只是一个外壳...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/dare-to-invest-in-a-potential-tesla-killer-with-ggpi-stock/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/dare-to-invest-in-a-potential-tesla-killer-with-ggpi-stock/\">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>Dare to Invest in a Potential Tesla Killer with Gores Guggenheim<blockquote>敢于与Gores Guggenheim一起投资潜在的特斯拉杀手</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\">\nDare to Invest in a Potential Tesla Killer with Gores Guggenheim<blockquote>敢于与Gores Guggenheim一起投资潜在的特斯拉杀手</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-29 15:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Ready to test-drive an exciting electric vehicle (EV) special purpose acquisition company (SPAC) stock? If so, then you’re invited to check out Gores Guggenheim (NASDAQ:GGPI). It’s just a shell ...</p><p><blockquote><div>准备好试驾令人兴奋的电动汽车(EV)特殊目的收购公司(SPAC)股票了吗？如果是这样，那么我们邀请你去看看Gores Guggenheim（纳斯达克：GGPI）。它只是一个外壳...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/dare-to-invest-in-a-potential-tesla-killer-with-ggpi-stock/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/dare-to-invest-in-a-potential-tesla-killer-with-ggpi-stock/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/dare-to-invest-in-a-potential-tesla-killer-with-ggpi-stock/\">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":{},"source_url":"https://investorplace.com/2021/12/dare-to-invest-in-a-potential-tesla-killer-with-ggpi-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136056120","content_text":"Ready to test-drive an exciting electric vehicle (EV) special purpose acquisition company (SPAC) stock? If so, then you’re invited to check out Gores Guggenheim (NASDAQ:GGPI). It’s just a shell company, but as a GGPI stock holder, you’ll really be investing in Swedish EV manufacturer Polestar.Now, some of you might want to know why anyone should invest in Polestar, when they could just buy shares of Tesla (NASDAQ:TSLA). After all, Tesla is a much more famous and established company.That’s a valid question. However, an argument could be made that finding the “next Tesla” means investing in a start-up EV maker while it’s still in the early stages of development.Besides, recently released data suggests that Polestar can outperform Tesla in at least one important respect. Tesla’s fans probably won’t want to hear about it, but Polestar could pose a major threat in the increasingly competitive EV space.A Closer Look at GGPI StockGoing back to the beginning, Gores Guggenheim went public with its initial public offering (IPO) in March.Prior to the merger deal announcement with Polestar, GGPI stock traded near $10. However, you can probably guess what happened after the SPAC business combination was disclosed.Of course, the stock went parabolic. The rally was short-lived, though, as the Gores Guggenheim/Polestar share price topped out at $16.41 on Nov. 16.That was probably an instance of “too much, too fast” as GGPI stock crashed in late November and much of December.By Dec. 22, the stock had fallen all the way down to $11 and change, though it did appear to be curling up slightly.This isn’t the outcome that Polestar fans were hoping for, no doubt. Yet, there’s a possible investment opportunity here as the share price is much lower than its prior peak price.Watch Out, TeslaTo start off, let’s be clear about one thing. Polestar CEO Thomas Ingenlath has clarified that Polestar doesn’t intend to be a “Tesla killer.”However, perhaps the CEO is just being modest. It’s entirely possible that Polestar will steal some market share from Tesla.Just to recap, Polestar offers a hybrid performance car called Polestar 1 and a fully electric Polestar 2. These are currently on roads across Europe, Asia and North America.Moreover, Polestar has revealed a luxury sport EV known as the Polestar 5, and has also released a teaser image of the Polestar 3, which will apparently be a “luxury aero SUV.”But let’s be honest here – the biggest threat to Tesla, and to the EV market in general, is the Polestar 2.This vehicle model features all-wheel drive and up to 2,000 pounds of towing capacity. Furthermore, it can go from zero to 60 miles per hour (mph) in just 4.5 seconds.Elon Won’t Like thisWithout a doubt, Tesla CEO Elon Musk is proud of his vehicles’ driving range. There’s an up-and-comer, however, that can go toe-to-toe with Tesla – and the data proves it.Amazingly, the Polestar 2 Long range Single motor vehicle model received an estimated per-charge range of 270 miles by the U.S. Environmental Protection Agency (EPA).“We are pleased to announce the longest range of any Polestar yet,” commented Gregor Hembrough, head of Polestar in North America.Meanwhile, a standard-range Tesla Model Y gets roughly 244 miles per charge. Hence, this particular Polestar 2 model is the clear winner.It’s possible that there’s a “bigger is better” dynamic at work here. The standard-range Model Y comes with a 50 kilowatt-hour battery pack. In contrast, the Polestar 2’s bigger battery pack provides 78 kilowatt hours.The Bottom LineHopefully, I didn’t offend the army of Tesla fans out there. Both Tesla and Polestar are worthwhile EV manufacturers for investors to consider.It’s may be true that Polestar’s CEO isn’t prepared to call his company a “Tesla killer.” Nevertheless, Polestar could pose a serious threat as its vehicles are sleek and powerful.Therefore, even if Polestar doesn’t “kill” Tesla, GGPI stock offers the prospect of getting in on the ground floor of what might be the Tesla of 2022.","news_type":1,"symbols_score_info":{"GGPI":0.9}},"isVote":1,"tweetType":1,"viewCount":2046,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696797264,"gmtCreate":1640763640098,"gmtModify":1640763656456,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696797264","repostId":"2194435036","repostType":4,"isVote":1,"tweetType":1,"viewCount":2561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696797182,"gmtCreate":1640763619640,"gmtModify":1640763626472,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696797182","repostId":"1117844399","repostType":4,"isVote":1,"tweetType":1,"viewCount":2587,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696797971,"gmtCreate":1640763603322,"gmtModify":1640763625509,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696797971","repostId":"2195788439","repostType":4,"isVote":1,"tweetType":1,"viewCount":2746,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696797048,"gmtCreate":1640763592512,"gmtModify":1640763625302,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696797048","repostId":"1172489529","repostType":4,"repost":{"id":"1172489529","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1640762478,"share":"https://www.laohu8.com/m/news/1172489529?lang=zh_CN&edition=full","pubTime":"2021-12-29 15:21","market":"us","language":"en","title":"Why A Federal Reserve Interest Rate Hike Could Be Closer Than You Think<blockquote>为什么美联储加息可能比你想象的更近</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172489529","media":"Benzinga","summary":"The U.S. Federal Reserve confirmed investor suspicions in December that multiple interest rate hikes","content":"<p><html><head></head><body>The U.S. Federal Reserve confirmed investor suspicions in December that multiple interest rate hikes are likely coming in 2022. The bond market is now pricing in the potential for the first rate hike to come sooner than many investors may realize.</p><p><blockquote><html><head></head><body>美联储在12月证实了投资者的怀疑，即2022年可能会多次加息。债券市场目前正在消化首次加息的可能性，这比许多投资者可能意识到的要早。</body></html></blockquote></p><p><b>Probability Rising:</b>According to CME Group, the bond market is now pricing in a 56.5% chance <b>the Fed will raise rates at its March 2022 meeting.</b>While a 56.5% probability is far from certain, the probability of a March rate hike has been rising quickly in recent weeks, up from just 18.8% a month ago.</p><p><blockquote><b>概率上升：</b>根据芝商所的数据，债券市场目前定价的可能性为56.5%<b>美联储将在2022年3月的会议上加息。</b>尽管56.5%的可能性还远未确定，但最近几周，3月份加息的可能性一直在迅速上升，高于一个月前的18.8%。</blockquote></p><p>In December, the Fed said it now <b>anticipates three rate hikes by the end of 2022</b>, which would potentially raise the target Fed funds rate from its current target range of between 0% and 0.25% to a new target range of between 0.75% and 1%. The bond market is now pricing in a 33.9% chance the year-end target range will be between 1% and 1.25% or higher.</p><p><blockquote>12月，美联储表示，现在<b>预计到2022年底将加息三次</b>，这可能会将目标联邦基金利率从当前0%至0.25%的目标区间上调至0.75%至1%的新目标区间。债券市场目前预计年底目标区间在1%至1.25%或更高的可能性为33.9%。</blockquote></p><p>The March 2022 Fed meeting is less than 80 days away, which means investors may be contending with rising interest rates sooner rather than later.</p><p><blockquote>距离2022年3月的美联储会议还有不到80天的时间，这意味着投资者可能会尽快应对利率上升。</blockquote></p><p><b>The Good News:</b>DataTrek Research co-founder Nicholas Colas said Tuesday the recent bullish price action in the <b>SPDR S&amp;P 500 ETF Trust</b> is good news for investors that more hawkish monetary policy actions may not disrupt the stock market. Investors may even welcome more aggressive rate hikes as the appropriate response to concerningly high inflation levels.</p><p><blockquote><b>好消息是：</b>DataTrek Research联合创始人Nicholas Colas周二表示，近期看涨的价格走势<b>SPDR标普500 ETF信托</b>对于投资者来说，更鹰派的货币政策行动可能不会扰乱股市是个好消息。投资者甚至可能欢迎更激进的加息，以此作为对令人担忧的高通胀水平的适当回应。</blockquote></p><p>Colas said the increasing expectations for a March Fed rate hike will make the Fed’s language at its January meeting even more important for investors.</p><p><blockquote>Colas表示，对美联储3月加息的预期不断增强，这将使美联储在1月会议上的措辞对投资者更加重要。</blockquote></p><p>“There is an FOMC meeting at the end of the month (Jan. 26), a perfect time for the Fed and Chair [Jerome] Powell to start conditioning markets if a March rate increase is likely,” Colas said.</p><p><blockquote>科拉斯表示：“本月底（1月26日）将召开FOMC会议，如果3月份可能加息，这是美联储和主席鲍威尔开始调节市场的最佳时机。”</blockquote></p><p><b>Benzinga’s Take:</b>Rising interest rates are certainly no cause for investors to panic and dump stocks. Historically, stock market cycles tend to peak roughly 12 to 24 months after the first rate hike of a new cycle.</p><p><blockquote><b>Benzinga的看法：</b>利率上升当然不是投资者恐慌和抛售股票的理由。从历史上看，股市周期往往在新周期首次加息后约12至24个月见顶。</blockquote></p><p></body></html></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>Why A Federal Reserve Interest Rate Hike Could Be Closer Than You Think<blockquote>为什么美联储加息可能比你想象的更近</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 A Federal Reserve Interest Rate Hike Could Be Closer Than You Think<blockquote>为什么美联储加息可能比你想象的更近</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-12-29 15:21</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The U.S. Federal Reserve confirmed investor suspicions in December that multiple interest rate hikes are likely coming in 2022. The bond market is now pricing in the potential for the first rate hike to come sooner than many investors may realize.</p><p><blockquote><html><head></head><body>美联储在12月证实了投资者的怀疑，即2022年可能会多次加息。债券市场目前正在消化首次加息的可能性，这比许多投资者可能意识到的要早。</body></html></blockquote></p><p><b>Probability Rising:</b>According to CME Group, the bond market is now pricing in a 56.5% chance <b>the Fed will raise rates at its March 2022 meeting.</b>While a 56.5% probability is far from certain, the probability of a March rate hike has been rising quickly in recent weeks, up from just 18.8% a month ago.</p><p><blockquote><b>概率上升：</b>根据芝商所的数据，债券市场目前定价的可能性为56.5%<b>美联储将在2022年3月的会议上加息。</b>尽管56.5%的可能性还远未确定，但最近几周，3月份加息的可能性一直在迅速上升，高于一个月前的18.8%。</blockquote></p><p>In December, the Fed said it now <b>anticipates three rate hikes by the end of 2022</b>, which would potentially raise the target Fed funds rate from its current target range of between 0% and 0.25% to a new target range of between 0.75% and 1%. The bond market is now pricing in a 33.9% chance the year-end target range will be between 1% and 1.25% or higher.</p><p><blockquote>12月，美联储表示，现在<b>预计到2022年底将加息三次</b>，这可能会将目标联邦基金利率从当前0%至0.25%的目标区间上调至0.75%至1%的新目标区间。债券市场目前预计年底目标区间在1%至1.25%或更高的可能性为33.9%。</blockquote></p><p>The March 2022 Fed meeting is less than 80 days away, which means investors may be contending with rising interest rates sooner rather than later.</p><p><blockquote>距离2022年3月的美联储会议还有不到80天的时间，这意味着投资者可能会尽快应对利率上升。</blockquote></p><p><b>The Good News:</b>DataTrek Research co-founder Nicholas Colas said Tuesday the recent bullish price action in the <b>SPDR S&amp;P 500 ETF Trust</b> is good news for investors that more hawkish monetary policy actions may not disrupt the stock market. Investors may even welcome more aggressive rate hikes as the appropriate response to concerningly high inflation levels.</p><p><blockquote><b>好消息是：</b>DataTrek Research联合创始人Nicholas Colas周二表示，近期看涨的价格走势<b>SPDR标普500 ETF信托</b>对于投资者来说，更鹰派的货币政策行动可能不会扰乱股市是个好消息。投资者甚至可能欢迎更激进的加息，以此作为对令人担忧的高通胀水平的适当回应。</blockquote></p><p>Colas said the increasing expectations for a March Fed rate hike will make the Fed’s language at its January meeting even more important for investors.</p><p><blockquote>Colas表示，对美联储3月加息的预期不断增强，这将使美联储在1月会议上的措辞对投资者更加重要。</blockquote></p><p>“There is an FOMC meeting at the end of the month (Jan. 26), a perfect time for the Fed and Chair [Jerome] Powell to start conditioning markets if a March rate increase is likely,” Colas said.</p><p><blockquote>科拉斯表示：“本月底（1月26日）将召开FOMC会议，如果3月份可能加息，这是美联储和主席鲍威尔开始调节市场的最佳时机。”</blockquote></p><p><b>Benzinga’s Take:</b>Rising interest rates are certainly no cause for investors to panic and dump stocks. Historically, stock market cycles tend to peak roughly 12 to 24 months after the first rate hike of a new cycle.</p><p><blockquote><b>Benzinga的看法：</b>利率上升当然不是投资者恐慌和抛售股票的理由。从历史上看，股市周期往往在新周期首次加息后约12至24个月见顶。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172489529","content_text":"The U.S. Federal Reserve confirmed investor suspicions in December that multiple interest rate hikes are likely coming in 2022. The bond market is now pricing in the potential for the first rate hike to come sooner than many investors may realize.Probability Rising:According to CME Group, the bond market is now pricing in a 56.5% chance the Fed will raise rates at its March 2022 meeting.While a 56.5% probability is far from certain, the probability of a March rate hike has been rising quickly in recent weeks, up from just 18.8% a month ago.In December, the Fed said it now anticipates three rate hikes by the end of 2022, which would potentially raise the target Fed funds rate from its current target range of between 0% and 0.25% to a new target range of between 0.75% and 1%. The bond market is now pricing in a 33.9% chance the year-end target range will be between 1% and 1.25% or higher.The March 2022 Fed meeting is less than 80 days away, which means investors may be contending with rising interest rates sooner rather than later.The Good News:DataTrek Research co-founder Nicholas Colas said Tuesday the recent bullish price action in the SPDR S&P 500 ETF Trust is good news for investors that more hawkish monetary policy actions may not disrupt the stock market. Investors may even welcome more aggressive rate hikes as the appropriate response to concerningly high inflation levels.Colas said the increasing expectations for a March Fed rate hike will make the Fed’s language at its January meeting even more important for investors.“There is an FOMC meeting at the end of the month (Jan. 26), a perfect time for the Fed and Chair [Jerome] Powell to start conditioning markets if a March rate increase is likely,” Colas said.Benzinga’s Take:Rising interest rates are certainly no cause for investors to panic and dump stocks. Historically, stock market cycles tend to peak roughly 12 to 24 months after the first rate hike of a new cycle.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1030,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696847046,"gmtCreate":1640671494503,"gmtModify":1640671494726,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696847046","repostId":"1137683837","repostType":4,"isVote":1,"tweetType":1,"viewCount":1109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696844409,"gmtCreate":1640671471676,"gmtModify":1640671471985,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696844409","repostId":"2194862824","repostType":4,"isVote":1,"tweetType":1,"viewCount":740,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696844383,"gmtCreate":1640671381884,"gmtModify":1640671382139,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696844383","repostId":"1102262158","repostType":4,"repost":{"id":"1102262158","kind":"news","pubTimestamp":1640670598,"share":"https://www.laohu8.com/m/news/1102262158?lang=zh_CN&edition=full","pubTime":"2021-12-28 13:49","market":"us","language":"en","title":"Sea Limited: A Deep Dive To Understand The Recent Selloff<blockquote>Sea Limited：深入了解最近的抛售</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102262158","media":"Seeking Alpha","summary":"Summary\n\nSea Limited is a highly diversified business firing on all cylinders in some of the fastest","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Sea Limited is a highly diversified business firing on all cylinders in some of the fastest-growing economies in the world.</li>  <li>I dive into each of its segments to understand the recent selloff and justify the current valuation.</li>  <li>I consider Sea one of my ten highest conviction investments.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa5cbe0a30acc723a2c6f62300024002\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>kokkai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>Sea Limited是一家高度多元化的企业，在世界上一些增长最快的经济体中全力以赴。</li><li>我深入研究了它的每个细分市场，以了解最近的抛售并证明当前估值的合理性。</li><li>我认为Sea是我最有信心的十项投资之一。</li></ul><p class=\"t-img-caption\"><span>kokkai/iStock未通过Getty Images发布</span></p></blockquote></p><p> <b>Thesis</b></p><p><blockquote><b>论文</b></blockquote></p><p> A by-parts analysis of Sea Limited's (NYSE:SE) segments shows that its current valuation is roughly fair, but there are many long-term growth drivers that could surprise to the upside and drive very strong returns for years to come.</p><p><blockquote>对Sea Limited（纽约证券交易所股票代码：SE）部门的细分分析表明，其目前的估值大致公平，但有许多长期增长动力可能会出人意料地上涨，并在未来几年推动非常强劲的回报。</blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> I recently wrote an&nbsp;article&nbsp;highlighting my top 10 stock picks for 2022. I'd already done an in-depth analysis of my other nine picks in other Seeking Alpha articles, so I thought it would be good to close out the year with an article about Sea.</p><p><blockquote>我最近写了一篇文章，重点介绍了我选择的2022年十大股票。我已经在其他Seeking Alpha文章中对我的其他九个选择进行了深入分析，所以我认为最好以一篇关于Sea的文章来结束这一年。</blockquote></p><p> Furthermore, with shares down significantly over the past couple of months (but still slightly up for the year), I believe this article may prove timely. I don't speculate on short-term market movements, but I personally added to my Sea shares recently. It's one of my only losing positions that I didn't sell out of temporarily for tax-loss harvesting, and in this article, I will explain why Sea is such a high conviction holding for me.</p><p><blockquote>此外，由于过去几个月股价大幅下跌（但今年仍略有上涨），我相信这篇文章可能是及时的。我不推测短期市场走势，但我个人最近增持了Sea股票。这是我唯一没有为了收获税收损失而暂时卖出的亏损头寸之一，在本文中，我将解释为什么Sea对我来说是如此坚定的持有。</blockquote></p><p> It's also worth noting that many professional investors seem to share this opinion. Sea is the 121st largest company in the world, but it's the16thmost popular holding among hedge funds. This implies that big money is overweight Sea, with 71% of shares held by institutions.</p><p><blockquote>还值得注意的是，许多专业投资者似乎也认同这一观点。Sea是全球第121大公司，但在对冲基金中排名第16位。这暗示大资金是跑赢大盘海，71%的股份被机构持有。</blockquote></p><p> Because Sea operates in many different areas, I will do a separate analysis of each of its operating segments to justify its current valuation and explain how that valuation could drive unexpectedly strong returns for years.</p><p><blockquote>由于Sea在许多不同的领域开展业务，我将对其每个运营部门进行单独分析，以证明其当前估值的合理性，并解释该估值如何在多年来推动意想不到的强劲回报。</blockquote></p><p> <b>Gaming</b></p><p><blockquote><b>游戏</b></blockquote></p><p> Sea Limited's gaming segment Garena is best known for Free Fire, a mobile battle royale game that was developed in-house.</p><p><blockquote>Sea Limited的游戏部门Garena因其内部开发的移动大逃杀游戏《Free Fire》而闻名。</blockquote></p><p> The game was released in 2017 and has been very popular ever since. It currently has the second most monthly active users among all Android games globally. The game is available worldwide, but it's particularly popular in emerging markets like SEA, LATAM, and India, where it's been the highest-grossing mobile game for over two years.</p><p><blockquote>该游戏于2017年发布，此后一直非常受欢迎。它目前在全球所有安卓游戏中拥有第二大月活跃用户。这款游戏在全球范围内都有售，但在东南亚、拉美和印度等新兴市场尤其受欢迎，两年多来，它一直是这些市场票房最高的手机游戏。</blockquote></p><p> With the game having been popular for a long time already, there's some concern that gamers will move on to the next big thing. Although there are some mobile games that are older than Free Fire and still very popular - like Roblox, Clash of Clans, and Pokemon Go - there are many more that have been forgotten. Until Garena releases more games and proves that it can be successful with them too, there will always be questions about whether its studio is a one-hit wonder.</p><p><blockquote>随着这款游戏已经流行了很长时间，有人担心游戏玩家会转向下一件大事。虽然有一些手机游戏比Free Fire更古老，但仍然非常受欢迎——如Roblox、Clash of Clans和Pokemon Go——但还有更多已经被遗忘。在Garena发布更多游戏并证明它也可以在这些游戏上取得成功之前，总会有人质疑它的工作室是否是一个昙花一现的奇迹。</blockquote></p><p> Regardless, Garena is a critical part of Sea because it's the only profitable segment and it doubles a social platform that provides free advertising for Sea's non-gaming products. Cross-promotion is a huge competitive advantage for Sea.</p><p><blockquote>无论如何，Garena是Sea的重要组成部分，因为它是唯一盈利的细分市场，并且它是为Sea非游戏产品提供免费广告的社交平台的两倍。交叉推广是Sea的巨大竞争优势。</blockquote></p><p> Thus, one reason for Sea's recent selloff could be the Q4 guidance implied for Garena.</p><p><blockquote>因此，Sea最近抛售的原因之一可能是Garena暗示的第四季度指引。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9e299727cc28a887a36d88831aec8f53\" tg-width=\"640\" tg-height=\"334\" width=\"100%\" height=\"auto\"><span>Source: Earnings Call Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：看涨期权收益演示</span></p></blockquote></p><p> In Q2 this year, Garena raised its guidance to $4.5B-$4.7B for 2021 bookings (up from $4.3B-$4.5B). With the first three quarters already totaling $3.5B, this implies that Q4 bookings will come in at $1.0B-$1.2B, up between 0% and 20% year over year, and likely down sequentially. This is compared to 29% growth in the most recent quarter and 44% projected growth for the full year.</p><p><blockquote>今年第二季度，Garena将2021年预订量的指导上调至45亿美元至47亿美元（高于43亿美元至45亿美元）。由于前三个季度的总预订量已经达到$3.5 B，这意味着第四季度的预订量将达到$1.0 B-$1.2 B，同比增长0%至20%，并且可能会环比下降。相比之下，最近一个季度的增长率为29%，全年预计增长率为44%。</blockquote></p><p> While 20% isn't a terrible deceleration, 0% certainly is. Even 20% growth isn't spectacular compared to the historic levels. At the 10% midpoint, Garena's growth looks more similar to that of a mature company like Activision (NASDAQ:ATVI) or Zynga (NASDAQ:ZNGA) than a fast-growing company like Roblox (NYSE:RBLX).</p><p><blockquote>虽然20%并不是一个可怕的减速，但0%肯定是。与历史水平相比，即使是20%的增长也并不引人注目。在10%的中点，Garena的增长看起来更类似于动视暴雪（纳斯达克股票代码：ATVI）或Zynga（纳斯达克股票代码：ZNGA）等成熟公司，而不是Roblox（纽约证券交易所股票代码：RBLX）等快速增长的公司。</blockquote></p><p> Garena's implied valuation should - and did - suffer as a result. While a fast-growing company like Roblox can command a high double-digit P/S multiple, Activision and Zynga trade at an average P/S multiple of just 4. Garena is slightly more profitable than them and probably has more risk to the upside, so I'll use a P/S multiple of 5 for my implied valuation. This implies a P/E of about 10 for a business growing at around 10%, which is very reasonable in today's market.</p><p><blockquote>Garena的隐含估值应该——也确实——因此受到影响。虽然像Roblox这样快速增长的公司可以获得两位数的高市盈率，但动视暴雪和Zynga的平均市盈率仅为4倍。Garena的利润比他们略高，而且可能有更大的上行风险，因此我将使用市盈率倍数5作为我的隐含估值。这意味着一家增长率在10%左右的企业的市盈率约为10，这在当今市场上是非常合理的。</blockquote></p><p> This means Garena is worth $23.5B based on the high end of management's guidance.</p><p><blockquote>这意味着根据管理层指导的高端，Garena的价值为235亿美元。</blockquote></p><p> I believe this valuation is actually conservative for a few reasons:</p><p><blockquote>我相信这个估值实际上是保守的，原因有几个：</blockquote></p><p></p><p> <ul>  <li>Next year has tough comps and growth could re-accelerate in the following years or even next year, especially if Garena releases a new hit game. The growth rate past next quarter is not based on explicit guidance from the company, only industry forecasts.</li>  <li>The peer valuations I used are from companies also trading at the lower end of their valuation range for the past year.</li>  <li>Garena has a good track record and is continuing to invest in Free Fire. One example of this is the recently released Free Fire MAX, which improves the experience for users with higher-end phones and even adds a metaverse-like customizable map called Craftland. To me, this implies that Garena believes Free Fire is still in the earlier part of its lifecycle.</li>  <li>Although I'd obviously prefer that Garena develops more games in house, in the meantime it's still not a one-trick pony. In addition to Free Fire, Garena distributes games from third-party developers like Tencent (OTCMKTS:OTCPK:TCEHY). These are popular titles like League of Legends and Call of Duty, which meaningfully diversify Garena's revenue.</li> </ul> <b>E-Commerce</b></p><p><blockquote><ul><li>明年的竞争很艰难，增长可能会在接下来的几年甚至明年重新加速，特别是如果Garena发布一款新的热门游戏。下个季度的增长率不是基于公司的明确指导，而是基于行业预测。</li><li>我使用的同行估值来自去年交易价格也处于估值范围下限的公司。</li><li>Garena拥有良好的业绩记录，并将继续投资Free Fire。这方面的一个例子是最近发布的Free Fire MAX，它改善了高端手机用户的体验，甚至添加了一个类似元宇宙的可定制地图，名为Craftland。对我来说，这意味着Garena认为Free Fire仍处于其生命周期的早期阶段。</li><li>虽然我显然更希望Garena在内部开发更多的游戏，但与此同时，它仍然不是一匹只会一招的小马。除了Free Fire之外，Garena还发行腾讯控股(OTCMKTS：OTCPK：TCEHY)等第三方开发商的游戏。这些都是像《英雄联盟》和《使命看涨期权》这样受欢迎的游戏，它们有意义地使Garena的收入多样化。</li></ul><b>电子商务</b></blockquote></p><p> Sea's e-commerce platform Shopee is currently its big growth driver. This platform is often considered the Amazon (NASDAQ:AMZN) of Southeast Asia, and it recently expanded into more markets including Brazil.</p><p><blockquote>Sea的电子商务平台Shopee目前是其最大的增长动力。该平台通常被认为是东南亚的亚马逊（纳斯达克：AMZN），最近它扩展到包括巴西在内的更多市场。</blockquote></p><p> There's always some debate about who is really the Amazon of a region. Shopee certainly has competition, including from Alibaba's (NYSE:BABA) Lazada, Tokopedia in Indonesia, MercadoLibre (MELI) in Brazil, and even Amazon itself. With most of the competition being private or tucked away into a larger company, many of the competitors don't publish exact revenue numbers, which makes it difficult to measure the competition. Even Sea hasn't published explicit revenue numbers for some countries like Brazil.</p><p><blockquote>关于谁是一个地区真正的亚马逊，总是有一些争论。Shopee当然面临竞争，包括来自阿里巴巴-SW（NYSE：BABA）的Lazada、印度尼西亚的Tokopedia、巴西的MercadoLibre(MELI)，甚至Amazon本身。由于大多数竞争都是私人的或隐藏在更大的公司中，许多竞争对手不会公布确切的收入数字，这使得衡量竞争变得困难。就连Sea也没有公布巴西等一些国家的明确收入数据。</blockquote></p><p> One neutral source that can be assessed is the Alexa site rank, which as its name suggests ranks sites by their popularity. Keep in mind that these are ranks, so a lower score is better.</p><p><blockquote>一个可以评估的中立来源是Alexa网站排名，顾名思义，它根据网站的受欢迎程度对网站进行排名。请记住，这些都是排名，所以分数越低越好。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/180367a2b64bccebf243c5b6d8fb776a\" tg-width=\"455\" tg-height=\"353\" width=\"100%\" height=\"auto\"><span>Source: The Author, compiled from Alexa</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者，编译自Alexa</span></p></blockquote></p><p> Shopee is very mobile-focused, but the above table only considers the website. To check App Store app ranks for the shopping category, we can use App Annie.</p><p><blockquote>Shopee非常专注于移动，但上表只考虑了网站。要查看购物类别的App Store应用排名，我们可以使用App Annie。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6544f014a5d70d13ee14dab0ac8b6782\" tg-width=\"422\" tg-height=\"403\" width=\"100%\" height=\"auto\"><span>Source: The Author, compiled from AppAnnie</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者，编译自AppAnnie</span></p></blockquote></p><p> On the mobile side, there's no need to look at the competition because Shopee is consistently the number one shopping app in every country listed. In a mobile-first world, this bodes very well. Even on the web side, Shopee wins out except in a few specific regions like LATAM and (barely) Indonesia, which have more local competitors.</p><p><blockquote>在移动端，没有必要关注竞争，因为Shopee一直是每个国家排名第一的购物应用。在移动优先的世界里，这是个好兆头。即使在网络方面，Shopee也胜出，除了拉丁美洲和（勉强）印度尼西亚等少数特定地区，这些地区有更多的本地竞争对手。</blockquote></p><p> Of course, traffic doesn't always translate to GMV. But for a shopping app where most people will use the app to buy something, it's a decent proxy. A third party estimates that Shopee accounts for57%of all e-commerce in Southeast Asia. It's Shopee's dominance in the mobile app ranks and market share that make me consider it the Amazon of Southeast Asia.</p><p><blockquote>当然，流量并不总是转化为GMV。但对于一个大多数人都会使用该应用程序购买东西的购物应用程序来说，这是一个不错的代理。第三方估计Shopee占东南亚所有电子商务的57%。正是Shopee在移动应用排名和市场份额方面的主导地位让我认为它是东南亚的亚马逊。</blockquote></p><p> So why would a company with so much potential sell off?</p><p><blockquote>那么，为什么一家潜力如此之大的公司会抛售呢？</blockquote></p><p> After the recent earnings report, some analysts expressed concern that Shopee is branching out into other countries like Poland and Mexico before validating its business model in the current markets. In these countries, Shopee has less of a presence; it's bounced between the 3-5 spots on the Mexico App Store for shopping apps, and between spots 1 and 3 in Poland. Although analysts hate uncertainty - and the CEO's comments that they don't have a concrete measure of success in these earlier stage countries won't help with that - Shopee has a history of entering new countries successfully and I am willing to give management some time to try expanding more. After all, if they're successful, then it could drive even more unexpected growth in the future.</p><p><blockquote>在最近的财报发布后，一些分析师对Shopee在当前市场验证其商业模式之前将业务扩展到波兰和墨西哥等其他国家表示担忧。在这些国家，Shopee的影响力较小；它在墨西哥应用商店购物应用的3-5位之间波动，在波兰的1-3位之间波动。尽管分析师讨厌不确定性——而且首席执行官关于他们在这些早期国家没有具体的成功衡量标准的评论对此没有帮助——但Shopee有着成功进入新国家的历史，我愿意给管理层一些时间尝试进一步扩张。毕竟，如果他们成功了，那么它可能会在未来推动更多意想不到的增长。</blockquote></p><p> Another complaint from analysts was that the basket size (average purchase size) is trending down. While that could also have contributed to the recent selloff, it's hard to complain when the overall sales increased a lot despite a decrease in basket size.</p><p><blockquote>分析师的另一个抱怨是篮子规模（平均购买规模）呈下降趋势。虽然这也可能导致了最近的抛售，但尽管篮子规模有所下降，但当整体销售额大幅增长时，很难抱怨。</blockquote></p><p></p><p> The company raised its guidance for e-commerce again in Q3, now guiding for $5.0B-$5.2B in 2021 e-commerce revenue. That's 75%-100% growth in Q4 and about 135% growth for the year. These are much more exciting numbers than the gaming side, although the guidance still implies a slight deceleration in Q4. But compared to Amazon's $340B in 2020 e-commerce sales, Shopee looks like it's just scratched the surface. E-commerce is at only11%penetration in Southeast Asia compared to18.7%in the USA, and Southeast Asia economies are generally growing faster than the USA's.</p><p><blockquote>该公司在第三季度再次上调了电子商务指引，目前预计2021年电子商务收入为$5.0 B-$5.2 B。第四季度增长75%-100%，全年增长约135%。这些数字比游戏方面更令人兴奋，尽管指导仍然意味着第四季度略有减速。但与亚马逊2020年3400亿美元的电子商务销售额相比，Shopee看起来只是触及了表面。电子商务在东南亚的渗透率仅为11%，而美国为18.7%，东南亚经济体的增长速度普遍高于美国。</blockquote></p><p> Despite being in a blue skies industry, it's more difficult to value the e-commerce segment because it operates at a loss (whereas the gaming segment is highly profitable). Shopee's success is not guaranteed because it's not clear at this point whether the platform can become profitable while retaining its market share. Stocks like this tend to experience more volatility, which could partially explain the recent selloff.</p><p><blockquote>尽管处于蓝天行业，但对电子商务部门进行估值更加困难，因为它处于亏损状态（而游戏部门利润丰厚）。Shopee的成功并不能保证，因为目前尚不清楚该平台能否在保持市场份额的同时实现盈利。像这样的股票往往会经历更大的波动，这可以部分解释最近的抛售。</blockquote></p><p> For unprofitable software companies, I like to use the Rule of 40 to assess the business. But it's difficult to apply this rule to a more cyclical e-commerce company with naturally lower margins. Even so, it's worth noting that despite being unprofitable, Sea's Rule of 40 score of 104 is better than most SaaS companies', and also better than e-commerce peers Amazon (21), MercadoLibre (73), and Alibaba (43).</p><p><blockquote>对于不盈利的软件公司，我喜欢用40法则来评估业务。但很难将这一规则应用于利润率自然较低、周期性较强的电子商务公司。即便如此，值得注意的是，尽管没有盈利，Sea的40分（104分）优于大多数SaaS公司，也优于电子商务同行Amazon（21分）、MercadoLibre（73分）和阿里巴巴-SW（43分）。</blockquote></p><p> To understand Shopee's terminal valuation once it becomes profitable, we can look at industry peers. Amazon is one profitable and slower-growing peer, and it trades at 4x P/S. AWS pushes this number up, but Amazon's high exposure to first-party sales offsets that. Other e-commerce marketplace peers trade at similar valuations: Alibaba at 3x P/S, MercadoLibre at 9x P/S. All of these valuations are basically all-time lows.</p><p><blockquote>要了解Shopee盈利后的终端估值，我们可以看看行业同行。亚马逊是一家盈利且增长较慢的同行，其市盈率为4倍。AWS推高了这一数字，但亚马逊对第一方销售的高敞口抵消了这一影响。其他电子商务市场同行的估值类似：阿里巴巴-SW的市盈率为3倍，MercadoLibre的市盈率为9倍。所有这些估值基本上都是历史低点。</blockquote></p><p> If Shopee keeps doubling revenue over the next couple of years (which it's easily done every year since 2016), becomes profitable (which scaling up tends to help with), and will have Amazon's P/S multiple in two years, then at 16 P/S today it would trade flat for two years. But if it keeps growing much faster than Amazon over a longer period like a decade, and/or if the overall industry multiples expand to more normal historical levels, then even at 16x P/S this segment has potential upside. On the other hand, if it stops growing or never becomes profitable then investors will be very disappointed at any P/S.</p><p><blockquote>如果Shopee在未来几年内收入持续翻倍（自2016年以来每年都很容易做到），实现盈利（扩大规模往往会有所帮助），并在两年内达到亚马逊的市盈率倍数，那么今天的市盈率为16倍，它将在两年内持平。但如果它在十年等较长时间内保持比亚马逊快得多的增长速度，和/或如果整个行业市盈率扩大到更正常的历史水平，那么即使市盈率为16倍，该细分市场也有潜在的上涨空间。另一方面，如果它停止增长或永远无法盈利，那么投资者将对任何市盈率感到非常失望。</blockquote></p><p> Given this wide range of outcomes, each person is going to have their own way of valuing this segment. For me, when I look at Shopee's mobile dominance, relatively small current size, the funding coming in from Garena, and the precedent set by Amazon, Alibaba, and MercadoLibre for the sustainable long-term success of this business model, I am optimistic about this segment's future. I recognize that it's currently an unprofitable and thus risky segment, but I also see the massive potential.</p><p><blockquote>鉴于这种广泛的结果，每个人都会有自己的方式来评估这一部分。对我来说，当我看到Shopee的移动主导地位、目前相对较小的规模、来自Garena的资金以及Amazon、阿里巴巴-SW和MercadoLibre为这种商业模式的可持续长期成功树立的先例时，我对这个细分市场的未来持乐观态度。我认识到这是一个目前无利可图且存在风险的细分市场，但我也看到了巨大的潜力。</blockquote></p><p> So I am happy paying a 16x P/S multiple, which values the e-commerce segment at $83.2B. Some people will call that way too high, and those people will probably never get a chance to invest in this company, for better or for worse.</p><p><blockquote>因此，我很高兴支付16倍的市盈率，这使得电子商务部门的估值为$832亿。有些人的看涨期权太高，这些人可能永远没有机会投资这家公司，无论好坏。</blockquote></p><p> Thus, with just Garena and Shopee, I have Sea being worth $106.7B. Its current market cap is $123.1B. To account for the difference, let's look at the other parts of Sea.</p><p><blockquote>因此，仅算上Garena和Shopee，我认为Sea的价值为$1067亿。其目前的市值为$123.1 B。为了解释这种差异，让我们看看海洋的其他部分。</blockquote></p><p> <b>FinTech &amp; Investments</b></p><p><blockquote><b>金融科技与投资</b></blockquote></p><p> The easiest addition to my computed valuation is Sea's $12B cash pile, partially offset by $4B in debt. This adds some nice optionality to the company and ensures that it won't be bankrupt any time soon despite losing money with Shopee. Adding in the $8B cash difference puts my computed valuation at $114.7B, just $8.4B short of the actual valuation.</p><p><blockquote>我计算的估值中最容易增加的是Sea的120B美元现金储备，部分被40亿美元的债务抵消。这为该公司增加了一些不错的选择，并确保尽管Shopee亏损，但它不会很快破产。加上$8B现金差额，我的计算估值为$114.7 B，仅比实际估值低$8.4 B。</blockquote></p><p> Then there is Sea's FinTech arm, SeaMoney. The main product here is a mobile wallet, which was responsible for $4.6B in payment volume in the last quarter (~$20B over a year). This segment accounted for $132 million in Q3 revenue, up a whopping 818% year over year. This implies a \"take rate\" of 2.9%, which is even better than established FinTech companies like Visa (V). Because of this high take rate, I'm not worried about SeaMoney losing money while it scales.</p><p><blockquote>然后是Sea的金融科技部门SeaMoney。这里的主要产品是移动钱包，上个季度的支付量为46亿美元（一年约为200亿美元）。该部门第三季度收入为1.32亿美元，同比增长818%。这意味着2.9%的“采用率”，甚至比Visa(V)等老牌金融科技公司还要好。由于采用率很高，我并不担心SeaMoney在扩大规模时会亏损。</blockquote></p><p> Despite SeaMoney being a small segment, it's now reaching a point where it can be factored into the valuation. Maybe it's only worth a couple of billion, but this is just the start. Five years ago, nobody would have expected that an e-commerce platform accounting for 5% of Sea's sales would today be worth more than the gaming segment. But Sea's management - combined with Garena's ability to fund new segments and drive their viral adoption - made it happen. It's certainly not guaranteed that Sea will have the same success with FinTech, but there is precedent for it.</p><p><blockquote>尽管SeaMoney只是一个很小的细分市场，但它现在已经达到了可以纳入估值的程度。也许它只值几十亿，但这只是一个开始。五年前，没有人会想到，一个占Sea销售额5%的电子商务平台今天的价值会超过游戏领域。但Sea的管理层——加上Garena为新细分市场提供资金并推动其病毒式采用的能力——实现了这一目标。当然，不能保证Sea在金融科技方面会取得同样的成功，但这是有先例的。</blockquote></p><p></p><p> If one day this segment is worth a third or more of Sea (in 2020, FinTech accounted for 36% of MercadoLibre's revenue) then getting it for just 7% of the business today will be well worth it, even if that implies a somewhat high 16x P/S multiple for the segment today. Actually, this multiple is already lower than Visa's,&nbsp;Mastercard's (NYSE:MA), and Affirm's (NASDAQ:AFRM). Realistically, a segment growing at 818% year over year should probably get a higher multiple than these slower-growing companies', but we don't even need to speculate about what a fair multiple is, since we can reach Sea's current valuation by using 16x P/S in my model valuation.</p><p><blockquote>如果有一天这个细分市场的价值达到Sea的三分之一或更多（2020年，金融科技占MercadoLibre收入的36%），那么今天仅以7%的业务获得它将是非常值得的，即使这意味着今天该细分市场的市盈率为16倍。事实上，这个倍数已经低于Visa、Mastercard（纽约证券交易所股票代码：MA）和Affirm（纳斯达克股票代码：AFRM）。实际上，同比增长818%的细分市场可能应该比这些增长较慢的公司获得更高的市盈率，但我们甚至不需要猜测什么是公平市盈率，因为我们可以通过在我的模型估值中使用16倍市盈率来达到Sea当前的估值。</blockquote></p><p> One way this segment could grow even more is through the introduction of more products besides the mobile wallet. Sea noted in their recent earnings that they have started \"early initiatives in other digital financial services such as buy now pay later, digital bank, and insurtech.\" These guys sure know how to hop on the latest high growth trend.</p><p><blockquote>这一细分市场进一步增长的一个方法是推出除移动钱包之外的更多产品。Sea在最近的财报中指出，他们已经开始“在其他数字金融服务方面采取早期举措，例如先买后付、数字银行和保险科技”。这些人肯定知道如何抓住最新的高增长趋势。</blockquote></p><p> Finally, there's the investments arm. Sea is investing in early-stage tech companies, especially in Southeast Asia. There's strong precedent for companies like Tencent (which is itself an investor in Sea) and Shopify (NYSE:SHOP) managing successful investment portfolios that ultimately factor meaningfully into their valuation. Right now Sea's investment arm is very early stage, so I don't include it in my valuation model. But it doesn't have to be factored in to justify the current share price. It's just one more area that might be worth a large part of Sea one day.</p><p><blockquote>最后是投资部门。Sea正在投资早期科技公司，尤其是在东南亚。腾讯控股（其本身就是Sea的投资者）和Shopify（纽约证券交易所股票代码：SHOP）等公司管理成功的投资组合，最终对其估值产生有意义的影响，这是有先例的。目前Sea的投资部门还处于早期阶段，因此我没有将其纳入我的估值模型中。但不一定要考虑到这一点来证明当前股价的合理性。这只是又一个有一天可能抵得上一大部分海洋的区域。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> Looking at each of Sea's segments, my valuation model indicates that Sea is fairly valued today. However, my model doesn't account for the significant optionality of the newer segments. Just like e-commerce did over the last five years, FinTech (and/or investments) could grow to become a very large part of Sea's business. With the FinTech segment currently growing at 818% year over year, it doesn't take much imagination to see how this happens. Just another year or two of growth at something close to that rate will make the FinTech arm impossible for investors to ignore.</p><p><blockquote>纵观Sea的每个细分市场，我的估值模型表明Sea目前的估值相当合理。然而，我的模型没有考虑到新细分市场的重要可选性。就像电子商务在过去五年中所做的那样，金融科技（和/或投资）可能会发展成为Sea业务的一个非常重要的部分。金融科技领域目前同比增长818%，不需要太多想象力就能看出这是如何发生的。只要再以接近这一速度增长一两年，投资者就无法忽视金融科技部门。</blockquote></p><p> This optionality combined general strength in each business has allowed Sea to post an average revenue beat of 7% over the past year. Earnings haven't been as strong, and I expect that to be the main point of contention with my valuation model, as is the case for most unprofitable companies. In particular, I expect some readers will disagree with my valuation of the e-commerce segment. But even if you drop e-commerce all the way down to 5x P/S (a multiple seen today by much slower growing e-commerce companies) that implies 54% downside from today's prices. It's a steep drop for sure, but most companies in today's market would be looking at such a decline if one were to use the most conservative valuation standards possible.</p><p><blockquote>这种选择性结合了每项业务的总体实力，使Sea在过去一年的平均收入增长了7%。盈利并没有那么强劲，我预计这将成为我的估值模型的主要争论点，就像大多数未盈利公司的情况一样。特别是，我预计一些读者会不同意我对电子商务领域的估值。但即使你将电子商务的市盈率一路降至5倍（这是当今增长缓慢得多的电子商务公司的市盈率），这也意味着比今天的价格下跌54%。这肯定是一个急剧的下跌，但如果使用最保守的估值标准，当今市场上的大多数公司都会看到这样的下跌。</blockquote></p><p> Only fast-growing companies like Sea can quickly offset such a decline with revenue growth. As a result, the businesses with the most long-term potential will hardly ever trade at the most conservative valuation possible. And Sea certainly has long-term potential. It's one of the few high-growth companies I own that I could see reaching a trillion-dollar market cap this decade.</p><p><blockquote>只有像Sea这样快速增长的公司才能用收入增长迅速抵消这种下降。因此，最具长期潜力的企业很难以最保守的估值进行交易。Sea当然具有长期潜力。这是我拥有的少数几家高增长公司之一，我认为这些公司在这十年内市值将达到万亿美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited: A Deep Dive To Understand The Recent Selloff<blockquote>Sea Limited：深入了解最近的抛售</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\">\nSea Limited: A Deep Dive To Understand The Recent Selloff<blockquote>Sea Limited：深入了解最近的抛售</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\">2021-12-28 13:49</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>Sea Limited is a highly diversified business firing on all cylinders in some of the fastest-growing economies in the world.</li>  <li>I dive into each of its segments to understand the recent selloff and justify the current valuation.</li>  <li>I consider Sea one of my ten highest conviction investments.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa5cbe0a30acc723a2c6f62300024002\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>kokkai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>Sea Limited是一家高度多元化的企业，在世界上一些增长最快的经济体中全力以赴。</li><li>我深入研究了它的每个细分市场，以了解最近的抛售并证明当前估值的合理性。</li><li>我认为Sea是我最有信心的十项投资之一。</li></ul><p class=\"t-img-caption\"><span>kokkai/iStock未通过Getty Images发布</span></p></blockquote></p><p> <b>Thesis</b></p><p><blockquote><b>论文</b></blockquote></p><p> A by-parts analysis of Sea Limited's (NYSE:SE) segments shows that its current valuation is roughly fair, but there are many long-term growth drivers that could surprise to the upside and drive very strong returns for years to come.</p><p><blockquote>对Sea Limited（纽约证券交易所股票代码：SE）部门的细分分析表明，其目前的估值大致公平，但有许多长期增长动力可能会出人意料地上涨，并在未来几年推动非常强劲的回报。</blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> I recently wrote an&nbsp;article&nbsp;highlighting my top 10 stock picks for 2022. I'd already done an in-depth analysis of my other nine picks in other Seeking Alpha articles, so I thought it would be good to close out the year with an article about Sea.</p><p><blockquote>我最近写了一篇文章，重点介绍了我选择的2022年十大股票。我已经在其他Seeking Alpha文章中对我的其他九个选择进行了深入分析，所以我认为最好以一篇关于Sea的文章来结束这一年。</blockquote></p><p> Furthermore, with shares down significantly over the past couple of months (but still slightly up for the year), I believe this article may prove timely. I don't speculate on short-term market movements, but I personally added to my Sea shares recently. It's one of my only losing positions that I didn't sell out of temporarily for tax-loss harvesting, and in this article, I will explain why Sea is such a high conviction holding for me.</p><p><blockquote>此外，由于过去几个月股价大幅下跌（但今年仍略有上涨），我相信这篇文章可能是及时的。我不推测短期市场走势，但我个人最近增持了Sea股票。这是我唯一没有为了收获税收损失而暂时卖出的亏损头寸之一，在本文中，我将解释为什么Sea对我来说是如此坚定的持有。</blockquote></p><p> It's also worth noting that many professional investors seem to share this opinion. Sea is the 121st largest company in the world, but it's the16thmost popular holding among hedge funds. This implies that big money is overweight Sea, with 71% of shares held by institutions.</p><p><blockquote>还值得注意的是，许多专业投资者似乎也认同这一观点。Sea是全球第121大公司，但在对冲基金中排名第16位。这暗示大资金是跑赢大盘海，71%的股份被机构持有。</blockquote></p><p> Because Sea operates in many different areas, I will do a separate analysis of each of its operating segments to justify its current valuation and explain how that valuation could drive unexpectedly strong returns for years.</p><p><blockquote>由于Sea在许多不同的领域开展业务，我将对其每个运营部门进行单独分析，以证明其当前估值的合理性，并解释该估值如何在多年来推动意想不到的强劲回报。</blockquote></p><p> <b>Gaming</b></p><p><blockquote><b>游戏</b></blockquote></p><p> Sea Limited's gaming segment Garena is best known for Free Fire, a mobile battle royale game that was developed in-house.</p><p><blockquote>Sea Limited的游戏部门Garena因其内部开发的移动大逃杀游戏《Free Fire》而闻名。</blockquote></p><p> The game was released in 2017 and has been very popular ever since. It currently has the second most monthly active users among all Android games globally. The game is available worldwide, but it's particularly popular in emerging markets like SEA, LATAM, and India, where it's been the highest-grossing mobile game for over two years.</p><p><blockquote>该游戏于2017年发布，此后一直非常受欢迎。它目前在全球所有安卓游戏中拥有第二大月活跃用户。这款游戏在全球范围内都有售，但在东南亚、拉美和印度等新兴市场尤其受欢迎，两年多来，它一直是这些市场票房最高的手机游戏。</blockquote></p><p> With the game having been popular for a long time already, there's some concern that gamers will move on to the next big thing. Although there are some mobile games that are older than Free Fire and still very popular - like Roblox, Clash of Clans, and Pokemon Go - there are many more that have been forgotten. Until Garena releases more games and proves that it can be successful with them too, there will always be questions about whether its studio is a one-hit wonder.</p><p><blockquote>随着这款游戏已经流行了很长时间，有人担心游戏玩家会转向下一件大事。虽然有一些手机游戏比Free Fire更古老，但仍然非常受欢迎——如Roblox、Clash of Clans和Pokemon Go——但还有更多已经被遗忘。在Garena发布更多游戏并证明它也可以在这些游戏上取得成功之前，总会有人质疑它的工作室是否是一个昙花一现的奇迹。</blockquote></p><p> Regardless, Garena is a critical part of Sea because it's the only profitable segment and it doubles a social platform that provides free advertising for Sea's non-gaming products. Cross-promotion is a huge competitive advantage for Sea.</p><p><blockquote>无论如何，Garena是Sea的重要组成部分，因为它是唯一盈利的细分市场，并且它是为Sea非游戏产品提供免费广告的社交平台的两倍。交叉推广是Sea的巨大竞争优势。</blockquote></p><p> Thus, one reason for Sea's recent selloff could be the Q4 guidance implied for Garena.</p><p><blockquote>因此，Sea最近抛售的原因之一可能是Garena暗示的第四季度指引。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9e299727cc28a887a36d88831aec8f53\" tg-width=\"640\" tg-height=\"334\" width=\"100%\" height=\"auto\"><span>Source: Earnings Call Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：看涨期权收益演示</span></p></blockquote></p><p> In Q2 this year, Garena raised its guidance to $4.5B-$4.7B for 2021 bookings (up from $4.3B-$4.5B). With the first three quarters already totaling $3.5B, this implies that Q4 bookings will come in at $1.0B-$1.2B, up between 0% and 20% year over year, and likely down sequentially. This is compared to 29% growth in the most recent quarter and 44% projected growth for the full year.</p><p><blockquote>今年第二季度，Garena将2021年预订量的指导上调至45亿美元至47亿美元（高于43亿美元至45亿美元）。由于前三个季度的总预订量已经达到$3.5 B，这意味着第四季度的预订量将达到$1.0 B-$1.2 B，同比增长0%至20%，并且可能会环比下降。相比之下，最近一个季度的增长率为29%，全年预计增长率为44%。</blockquote></p><p> While 20% isn't a terrible deceleration, 0% certainly is. Even 20% growth isn't spectacular compared to the historic levels. At the 10% midpoint, Garena's growth looks more similar to that of a mature company like Activision (NASDAQ:ATVI) or Zynga (NASDAQ:ZNGA) than a fast-growing company like Roblox (NYSE:RBLX).</p><p><blockquote>虽然20%并不是一个可怕的减速，但0%肯定是。与历史水平相比，即使是20%的增长也并不引人注目。在10%的中点，Garena的增长看起来更类似于动视暴雪（纳斯达克股票代码：ATVI）或Zynga（纳斯达克股票代码：ZNGA）等成熟公司，而不是Roblox（纽约证券交易所股票代码：RBLX）等快速增长的公司。</blockquote></p><p> Garena's implied valuation should - and did - suffer as a result. While a fast-growing company like Roblox can command a high double-digit P/S multiple, Activision and Zynga trade at an average P/S multiple of just 4. Garena is slightly more profitable than them and probably has more risk to the upside, so I'll use a P/S multiple of 5 for my implied valuation. This implies a P/E of about 10 for a business growing at around 10%, which is very reasonable in today's market.</p><p><blockquote>Garena的隐含估值应该——也确实——因此受到影响。虽然像Roblox这样快速增长的公司可以获得两位数的高市盈率，但动视暴雪和Zynga的平均市盈率仅为4倍。Garena的利润比他们略高，而且可能有更大的上行风险，因此我将使用市盈率倍数5作为我的隐含估值。这意味着一家增长率在10%左右的企业的市盈率约为10，这在当今市场上是非常合理的。</blockquote></p><p> This means Garena is worth $23.5B based on the high end of management's guidance.</p><p><blockquote>这意味着根据管理层指导的高端，Garena的价值为235亿美元。</blockquote></p><p> I believe this valuation is actually conservative for a few reasons:</p><p><blockquote>我相信这个估值实际上是保守的，原因有几个：</blockquote></p><p></p><p> <ul>  <li>Next year has tough comps and growth could re-accelerate in the following years or even next year, especially if Garena releases a new hit game. The growth rate past next quarter is not based on explicit guidance from the company, only industry forecasts.</li>  <li>The peer valuations I used are from companies also trading at the lower end of their valuation range for the past year.</li>  <li>Garena has a good track record and is continuing to invest in Free Fire. One example of this is the recently released Free Fire MAX, which improves the experience for users with higher-end phones and even adds a metaverse-like customizable map called Craftland. To me, this implies that Garena believes Free Fire is still in the earlier part of its lifecycle.</li>  <li>Although I'd obviously prefer that Garena develops more games in house, in the meantime it's still not a one-trick pony. In addition to Free Fire, Garena distributes games from third-party developers like Tencent (OTCMKTS:OTCPK:TCEHY). These are popular titles like League of Legends and Call of Duty, which meaningfully diversify Garena's revenue.</li> </ul> <b>E-Commerce</b></p><p><blockquote><ul><li>明年的竞争很艰难，增长可能会在接下来的几年甚至明年重新加速，特别是如果Garena发布一款新的热门游戏。下个季度的增长率不是基于公司的明确指导，而是基于行业预测。</li><li>我使用的同行估值来自去年交易价格也处于估值范围下限的公司。</li><li>Garena拥有良好的业绩记录，并将继续投资Free Fire。这方面的一个例子是最近发布的Free Fire MAX，它改善了高端手机用户的体验，甚至添加了一个类似元宇宙的可定制地图，名为Craftland。对我来说，这意味着Garena认为Free Fire仍处于其生命周期的早期阶段。</li><li>虽然我显然更希望Garena在内部开发更多的游戏，但与此同时，它仍然不是一匹只会一招的小马。除了Free Fire之外，Garena还发行腾讯控股(OTCMKTS：OTCPK：TCEHY)等第三方开发商的游戏。这些都是像《英雄联盟》和《使命看涨期权》这样受欢迎的游戏，它们有意义地使Garena的收入多样化。</li></ul><b>电子商务</b></blockquote></p><p> Sea's e-commerce platform Shopee is currently its big growth driver. This platform is often considered the Amazon (NASDAQ:AMZN) of Southeast Asia, and it recently expanded into more markets including Brazil.</p><p><blockquote>Sea的电子商务平台Shopee目前是其最大的增长动力。该平台通常被认为是东南亚的亚马逊（纳斯达克：AMZN），最近它扩展到包括巴西在内的更多市场。</blockquote></p><p> There's always some debate about who is really the Amazon of a region. Shopee certainly has competition, including from Alibaba's (NYSE:BABA) Lazada, Tokopedia in Indonesia, MercadoLibre (MELI) in Brazil, and even Amazon itself. With most of the competition being private or tucked away into a larger company, many of the competitors don't publish exact revenue numbers, which makes it difficult to measure the competition. Even Sea hasn't published explicit revenue numbers for some countries like Brazil.</p><p><blockquote>关于谁是一个地区真正的亚马逊，总是有一些争论。Shopee当然面临竞争，包括来自阿里巴巴-SW（NYSE：BABA）的Lazada、印度尼西亚的Tokopedia、巴西的MercadoLibre(MELI)，甚至Amazon本身。由于大多数竞争都是私人的或隐藏在更大的公司中，许多竞争对手不会公布确切的收入数字，这使得衡量竞争变得困难。就连Sea也没有公布巴西等一些国家的明确收入数据。</blockquote></p><p> One neutral source that can be assessed is the Alexa site rank, which as its name suggests ranks sites by their popularity. Keep in mind that these are ranks, so a lower score is better.</p><p><blockquote>一个可以评估的中立来源是Alexa网站排名，顾名思义，它根据网站的受欢迎程度对网站进行排名。请记住，这些都是排名，所以分数越低越好。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/180367a2b64bccebf243c5b6d8fb776a\" tg-width=\"455\" tg-height=\"353\" width=\"100%\" height=\"auto\"><span>Source: The Author, compiled from Alexa</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者，编译自Alexa</span></p></blockquote></p><p> Shopee is very mobile-focused, but the above table only considers the website. To check App Store app ranks for the shopping category, we can use App Annie.</p><p><blockquote>Shopee非常专注于移动，但上表只考虑了网站。要查看购物类别的App Store应用排名，我们可以使用App Annie。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6544f014a5d70d13ee14dab0ac8b6782\" tg-width=\"422\" tg-height=\"403\" width=\"100%\" height=\"auto\"><span>Source: The Author, compiled from AppAnnie</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者，编译自AppAnnie</span></p></blockquote></p><p> On the mobile side, there's no need to look at the competition because Shopee is consistently the number one shopping app in every country listed. In a mobile-first world, this bodes very well. Even on the web side, Shopee wins out except in a few specific regions like LATAM and (barely) Indonesia, which have more local competitors.</p><p><blockquote>在移动端，没有必要关注竞争，因为Shopee一直是每个国家排名第一的购物应用。在移动优先的世界里，这是个好兆头。即使在网络方面，Shopee也胜出，除了拉丁美洲和（勉强）印度尼西亚等少数特定地区，这些地区有更多的本地竞争对手。</blockquote></p><p> Of course, traffic doesn't always translate to GMV. But for a shopping app where most people will use the app to buy something, it's a decent proxy. A third party estimates that Shopee accounts for57%of all e-commerce in Southeast Asia. It's Shopee's dominance in the mobile app ranks and market share that make me consider it the Amazon of Southeast Asia.</p><p><blockquote>当然，流量并不总是转化为GMV。但对于一个大多数人都会使用该应用程序购买东西的购物应用程序来说，这是一个不错的代理。第三方估计Shopee占东南亚所有电子商务的57%。正是Shopee在移动应用排名和市场份额方面的主导地位让我认为它是东南亚的亚马逊。</blockquote></p><p> So why would a company with so much potential sell off?</p><p><blockquote>那么，为什么一家潜力如此之大的公司会抛售呢？</blockquote></p><p> After the recent earnings report, some analysts expressed concern that Shopee is branching out into other countries like Poland and Mexico before validating its business model in the current markets. In these countries, Shopee has less of a presence; it's bounced between the 3-5 spots on the Mexico App Store for shopping apps, and between spots 1 and 3 in Poland. Although analysts hate uncertainty - and the CEO's comments that they don't have a concrete measure of success in these earlier stage countries won't help with that - Shopee has a history of entering new countries successfully and I am willing to give management some time to try expanding more. After all, if they're successful, then it could drive even more unexpected growth in the future.</p><p><blockquote>在最近的财报发布后，一些分析师对Shopee在当前市场验证其商业模式之前将业务扩展到波兰和墨西哥等其他国家表示担忧。在这些国家，Shopee的影响力较小；它在墨西哥应用商店购物应用的3-5位之间波动，在波兰的1-3位之间波动。尽管分析师讨厌不确定性——而且首席执行官关于他们在这些早期国家没有具体的成功衡量标准的评论对此没有帮助——但Shopee有着成功进入新国家的历史，我愿意给管理层一些时间尝试进一步扩张。毕竟，如果他们成功了，那么它可能会在未来推动更多意想不到的增长。</blockquote></p><p> Another complaint from analysts was that the basket size (average purchase size) is trending down. While that could also have contributed to the recent selloff, it's hard to complain when the overall sales increased a lot despite a decrease in basket size.</p><p><blockquote>分析师的另一个抱怨是篮子规模（平均购买规模）呈下降趋势。虽然这也可能导致了最近的抛售，但尽管篮子规模有所下降，但当整体销售额大幅增长时，很难抱怨。</blockquote></p><p></p><p> The company raised its guidance for e-commerce again in Q3, now guiding for $5.0B-$5.2B in 2021 e-commerce revenue. That's 75%-100% growth in Q4 and about 135% growth for the year. These are much more exciting numbers than the gaming side, although the guidance still implies a slight deceleration in Q4. But compared to Amazon's $340B in 2020 e-commerce sales, Shopee looks like it's just scratched the surface. E-commerce is at only11%penetration in Southeast Asia compared to18.7%in the USA, and Southeast Asia economies are generally growing faster than the USA's.</p><p><blockquote>该公司在第三季度再次上调了电子商务指引，目前预计2021年电子商务收入为$5.0 B-$5.2 B。第四季度增长75%-100%，全年增长约135%。这些数字比游戏方面更令人兴奋，尽管指导仍然意味着第四季度略有减速。但与亚马逊2020年3400亿美元的电子商务销售额相比，Shopee看起来只是触及了表面。电子商务在东南亚的渗透率仅为11%，而美国为18.7%，东南亚经济体的增长速度普遍高于美国。</blockquote></p><p> Despite being in a blue skies industry, it's more difficult to value the e-commerce segment because it operates at a loss (whereas the gaming segment is highly profitable). Shopee's success is not guaranteed because it's not clear at this point whether the platform can become profitable while retaining its market share. Stocks like this tend to experience more volatility, which could partially explain the recent selloff.</p><p><blockquote>尽管处于蓝天行业，但对电子商务部门进行估值更加困难，因为它处于亏损状态（而游戏部门利润丰厚）。Shopee的成功并不能保证，因为目前尚不清楚该平台能否在保持市场份额的同时实现盈利。像这样的股票往往会经历更大的波动，这可以部分解释最近的抛售。</blockquote></p><p> For unprofitable software companies, I like to use the Rule of 40 to assess the business. But it's difficult to apply this rule to a more cyclical e-commerce company with naturally lower margins. Even so, it's worth noting that despite being unprofitable, Sea's Rule of 40 score of 104 is better than most SaaS companies', and also better than e-commerce peers Amazon (21), MercadoLibre (73), and Alibaba (43).</p><p><blockquote>对于不盈利的软件公司，我喜欢用40法则来评估业务。但很难将这一规则应用于利润率自然较低、周期性较强的电子商务公司。即便如此，值得注意的是，尽管没有盈利，Sea的40分（104分）优于大多数SaaS公司，也优于电子商务同行Amazon（21分）、MercadoLibre（73分）和阿里巴巴-SW（43分）。</blockquote></p><p> To understand Shopee's terminal valuation once it becomes profitable, we can look at industry peers. Amazon is one profitable and slower-growing peer, and it trades at 4x P/S. AWS pushes this number up, but Amazon's high exposure to first-party sales offsets that. Other e-commerce marketplace peers trade at similar valuations: Alibaba at 3x P/S, MercadoLibre at 9x P/S. All of these valuations are basically all-time lows.</p><p><blockquote>要了解Shopee盈利后的终端估值，我们可以看看行业同行。亚马逊是一家盈利且增长较慢的同行，其市盈率为4倍。AWS推高了这一数字，但亚马逊对第一方销售的高敞口抵消了这一影响。其他电子商务市场同行的估值类似：阿里巴巴-SW的市盈率为3倍，MercadoLibre的市盈率为9倍。所有这些估值基本上都是历史低点。</blockquote></p><p> If Shopee keeps doubling revenue over the next couple of years (which it's easily done every year since 2016), becomes profitable (which scaling up tends to help with), and will have Amazon's P/S multiple in two years, then at 16 P/S today it would trade flat for two years. But if it keeps growing much faster than Amazon over a longer period like a decade, and/or if the overall industry multiples expand to more normal historical levels, then even at 16x P/S this segment has potential upside. On the other hand, if it stops growing or never becomes profitable then investors will be very disappointed at any P/S.</p><p><blockquote>如果Shopee在未来几年内收入持续翻倍（自2016年以来每年都很容易做到），实现盈利（扩大规模往往会有所帮助），并在两年内达到亚马逊的市盈率倍数，那么今天的市盈率为16倍，它将在两年内持平。但如果它在十年等较长时间内保持比亚马逊快得多的增长速度，和/或如果整个行业市盈率扩大到更正常的历史水平，那么即使市盈率为16倍，该细分市场也有潜在的上涨空间。另一方面，如果它停止增长或永远无法盈利，那么投资者将对任何市盈率感到非常失望。</blockquote></p><p> Given this wide range of outcomes, each person is going to have their own way of valuing this segment. For me, when I look at Shopee's mobile dominance, relatively small current size, the funding coming in from Garena, and the precedent set by Amazon, Alibaba, and MercadoLibre for the sustainable long-term success of this business model, I am optimistic about this segment's future. I recognize that it's currently an unprofitable and thus risky segment, but I also see the massive potential.</p><p><blockquote>鉴于这种广泛的结果，每个人都会有自己的方式来评估这一部分。对我来说，当我看到Shopee的移动主导地位、目前相对较小的规模、来自Garena的资金以及Amazon、阿里巴巴-SW和MercadoLibre为这种商业模式的可持续长期成功树立的先例时，我对这个细分市场的未来持乐观态度。我认识到这是一个目前无利可图且存在风险的细分市场，但我也看到了巨大的潜力。</blockquote></p><p> So I am happy paying a 16x P/S multiple, which values the e-commerce segment at $83.2B. Some people will call that way too high, and those people will probably never get a chance to invest in this company, for better or for worse.</p><p><blockquote>因此，我很高兴支付16倍的市盈率，这使得电子商务部门的估值为$832亿。有些人的看涨期权太高，这些人可能永远没有机会投资这家公司，无论好坏。</blockquote></p><p> Thus, with just Garena and Shopee, I have Sea being worth $106.7B. Its current market cap is $123.1B. To account for the difference, let's look at the other parts of Sea.</p><p><blockquote>因此，仅算上Garena和Shopee，我认为Sea的价值为$1067亿。其目前的市值为$123.1 B。为了解释这种差异，让我们看看海洋的其他部分。</blockquote></p><p> <b>FinTech &amp; Investments</b></p><p><blockquote><b>金融科技与投资</b></blockquote></p><p> The easiest addition to my computed valuation is Sea's $12B cash pile, partially offset by $4B in debt. This adds some nice optionality to the company and ensures that it won't be bankrupt any time soon despite losing money with Shopee. Adding in the $8B cash difference puts my computed valuation at $114.7B, just $8.4B short of the actual valuation.</p><p><blockquote>我计算的估值中最容易增加的是Sea的120B美元现金储备，部分被40亿美元的债务抵消。这为该公司增加了一些不错的选择，并确保尽管Shopee亏损，但它不会很快破产。加上$8B现金差额，我的计算估值为$114.7 B，仅比实际估值低$8.4 B。</blockquote></p><p> Then there is Sea's FinTech arm, SeaMoney. The main product here is a mobile wallet, which was responsible for $4.6B in payment volume in the last quarter (~$20B over a year). This segment accounted for $132 million in Q3 revenue, up a whopping 818% year over year. This implies a \"take rate\" of 2.9%, which is even better than established FinTech companies like Visa (V). Because of this high take rate, I'm not worried about SeaMoney losing money while it scales.</p><p><blockquote>然后是Sea的金融科技部门SeaMoney。这里的主要产品是移动钱包，上个季度的支付量为46亿美元（一年约为200亿美元）。该部门第三季度收入为1.32亿美元，同比增长818%。这意味着2.9%的“采用率”，甚至比Visa(V)等老牌金融科技公司还要好。由于采用率很高，我并不担心SeaMoney在扩大规模时会亏损。</blockquote></p><p> Despite SeaMoney being a small segment, it's now reaching a point where it can be factored into the valuation. Maybe it's only worth a couple of billion, but this is just the start. Five years ago, nobody would have expected that an e-commerce platform accounting for 5% of Sea's sales would today be worth more than the gaming segment. But Sea's management - combined with Garena's ability to fund new segments and drive their viral adoption - made it happen. It's certainly not guaranteed that Sea will have the same success with FinTech, but there is precedent for it.</p><p><blockquote>尽管SeaMoney只是一个很小的细分市场，但它现在已经达到了可以纳入估值的程度。也许它只值几十亿，但这只是一个开始。五年前，没有人会想到，一个占Sea销售额5%的电子商务平台今天的价值会超过游戏领域。但Sea的管理层——加上Garena为新细分市场提供资金并推动其病毒式采用的能力——实现了这一目标。当然，不能保证Sea在金融科技方面会取得同样的成功，但这是有先例的。</blockquote></p><p></p><p> If one day this segment is worth a third or more of Sea (in 2020, FinTech accounted for 36% of MercadoLibre's revenue) then getting it for just 7% of the business today will be well worth it, even if that implies a somewhat high 16x P/S multiple for the segment today. Actually, this multiple is already lower than Visa's,&nbsp;Mastercard's (NYSE:MA), and Affirm's (NASDAQ:AFRM). Realistically, a segment growing at 818% year over year should probably get a higher multiple than these slower-growing companies', but we don't even need to speculate about what a fair multiple is, since we can reach Sea's current valuation by using 16x P/S in my model valuation.</p><p><blockquote>如果有一天这个细分市场的价值达到Sea的三分之一或更多（2020年，金融科技占MercadoLibre收入的36%），那么今天仅以7%的业务获得它将是非常值得的，即使这意味着今天该细分市场的市盈率为16倍。事实上，这个倍数已经低于Visa、Mastercard（纽约证券交易所股票代码：MA）和Affirm（纳斯达克股票代码：AFRM）。实际上，同比增长818%的细分市场可能应该比这些增长较慢的公司获得更高的市盈率，但我们甚至不需要猜测什么是公平市盈率，因为我们可以通过在我的模型估值中使用16倍市盈率来达到Sea当前的估值。</blockquote></p><p> One way this segment could grow even more is through the introduction of more products besides the mobile wallet. Sea noted in their recent earnings that they have started \"early initiatives in other digital financial services such as buy now pay later, digital bank, and insurtech.\" These guys sure know how to hop on the latest high growth trend.</p><p><blockquote>这一细分市场进一步增长的一个方法是推出除移动钱包之外的更多产品。Sea在最近的财报中指出，他们已经开始“在其他数字金融服务方面采取早期举措，例如先买后付、数字银行和保险科技”。这些人肯定知道如何抓住最新的高增长趋势。</blockquote></p><p> Finally, there's the investments arm. Sea is investing in early-stage tech companies, especially in Southeast Asia. There's strong precedent for companies like Tencent (which is itself an investor in Sea) and Shopify (NYSE:SHOP) managing successful investment portfolios that ultimately factor meaningfully into their valuation. Right now Sea's investment arm is very early stage, so I don't include it in my valuation model. But it doesn't have to be factored in to justify the current share price. It's just one more area that might be worth a large part of Sea one day.</p><p><blockquote>最后是投资部门。Sea正在投资早期科技公司，尤其是在东南亚。腾讯控股（其本身就是Sea的投资者）和Shopify（纽约证券交易所股票代码：SHOP）等公司管理成功的投资组合，最终对其估值产生有意义的影响，这是有先例的。目前Sea的投资部门还处于早期阶段，因此我没有将其纳入我的估值模型中。但不一定要考虑到这一点来证明当前股价的合理性。这只是又一个有一天可能抵得上一大部分海洋的区域。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> Looking at each of Sea's segments, my valuation model indicates that Sea is fairly valued today. However, my model doesn't account for the significant optionality of the newer segments. Just like e-commerce did over the last five years, FinTech (and/or investments) could grow to become a very large part of Sea's business. With the FinTech segment currently growing at 818% year over year, it doesn't take much imagination to see how this happens. Just another year or two of growth at something close to that rate will make the FinTech arm impossible for investors to ignore.</p><p><blockquote>纵观Sea的每个细分市场，我的估值模型表明Sea目前的估值相当合理。然而，我的模型没有考虑到新细分市场的重要可选性。就像电子商务在过去五年中所做的那样，金融科技（和/或投资）可能会发展成为Sea业务的一个非常重要的部分。金融科技领域目前同比增长818%，不需要太多想象力就能看出这是如何发生的。只要再以接近这一速度增长一两年，投资者就无法忽视金融科技部门。</blockquote></p><p> This optionality combined general strength in each business has allowed Sea to post an average revenue beat of 7% over the past year. Earnings haven't been as strong, and I expect that to be the main point of contention with my valuation model, as is the case for most unprofitable companies. In particular, I expect some readers will disagree with my valuation of the e-commerce segment. But even if you drop e-commerce all the way down to 5x P/S (a multiple seen today by much slower growing e-commerce companies) that implies 54% downside from today's prices. It's a steep drop for sure, but most companies in today's market would be looking at such a decline if one were to use the most conservative valuation standards possible.</p><p><blockquote>这种选择性结合了每项业务的总体实力，使Sea在过去一年的平均收入增长了7%。盈利并没有那么强劲，我预计这将成为我的估值模型的主要争论点，就像大多数未盈利公司的情况一样。特别是，我预计一些读者会不同意我对电子商务领域的估值。但即使你将电子商务的市盈率一路降至5倍（这是当今增长缓慢得多的电子商务公司的市盈率），这也意味着比今天的价格下跌54%。这肯定是一个急剧的下跌，但如果使用最保守的估值标准，当今市场上的大多数公司都会看到这样的下跌。</blockquote></p><p> Only fast-growing companies like Sea can quickly offset such a decline with revenue growth. As a result, the businesses with the most long-term potential will hardly ever trade at the most conservative valuation possible. And Sea certainly has long-term potential. It's one of the few high-growth companies I own that I could see reaching a trillion-dollar market cap this decade.</p><p><blockquote>只有像Sea这样快速增长的公司才能用收入增长迅速抵消这种下降。因此，最具长期潜力的企业很难以最保守的估值进行交易。Sea当然具有长期潜力。这是我拥有的少数几家高增长公司之一，我认为这些公司在这十年内市值将达到万亿美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4476940-sea-limited-understand-the-recent-selloff\">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":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4476940-sea-limited-understand-the-recent-selloff","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102262158","content_text":"Summary\n\nSea Limited is a highly diversified business firing on all cylinders in some of the fastest-growing economies in the world.\nI dive into each of its segments to understand the recent selloff and justify the current valuation.\nI consider Sea one of my ten highest conviction investments.\n\nkokkai/iStock Unreleased via Getty Images\nThesis\nA by-parts analysis of Sea Limited's (NYSE:SE) segments shows that its current valuation is roughly fair, but there are many long-term growth drivers that could surprise to the upside and drive very strong returns for years to come.\nIntroduction\nI recently wrote an article highlighting my top 10 stock picks for 2022. I'd already done an in-depth analysis of my other nine picks in other Seeking Alpha articles, so I thought it would be good to close out the year with an article about Sea.\nFurthermore, with shares down significantly over the past couple of months (but still slightly up for the year), I believe this article may prove timely. I don't speculate on short-term market movements, but I personally added to my Sea shares recently. It's one of my only losing positions that I didn't sell out of temporarily for tax-loss harvesting, and in this article, I will explain why Sea is such a high conviction holding for me.\nIt's also worth noting that many professional investors seem to share this opinion. Sea is the 121st largest company in the world, but it's the16thmost popular holding among hedge funds. This implies that big money is overweight Sea, with 71% of shares held by institutions.\nBecause Sea operates in many different areas, I will do a separate analysis of each of its operating segments to justify its current valuation and explain how that valuation could drive unexpectedly strong returns for years.\nGaming\nSea Limited's gaming segment Garena is best known for Free Fire, a mobile battle royale game that was developed in-house.\nThe game was released in 2017 and has been very popular ever since. It currently has the second most monthly active users among all Android games globally. The game is available worldwide, but it's particularly popular in emerging markets like SEA, LATAM, and India, where it's been the highest-grossing mobile game for over two years.\nWith the game having been popular for a long time already, there's some concern that gamers will move on to the next big thing. Although there are some mobile games that are older than Free Fire and still very popular - like Roblox, Clash of Clans, and Pokemon Go - there are many more that have been forgotten. Until Garena releases more games and proves that it can be successful with them too, there will always be questions about whether its studio is a one-hit wonder.\nRegardless, Garena is a critical part of Sea because it's the only profitable segment and it doubles a social platform that provides free advertising for Sea's non-gaming products. Cross-promotion is a huge competitive advantage for Sea.\nThus, one reason for Sea's recent selloff could be the Q4 guidance implied for Garena.\nSource: Earnings Call Presentation\nIn Q2 this year, Garena raised its guidance to $4.5B-$4.7B for 2021 bookings (up from $4.3B-$4.5B). With the first three quarters already totaling $3.5B, this implies that Q4 bookings will come in at $1.0B-$1.2B, up between 0% and 20% year over year, and likely down sequentially. This is compared to 29% growth in the most recent quarter and 44% projected growth for the full year.\nWhile 20% isn't a terrible deceleration, 0% certainly is. Even 20% growth isn't spectacular compared to the historic levels. At the 10% midpoint, Garena's growth looks more similar to that of a mature company like Activision (NASDAQ:ATVI) or Zynga (NASDAQ:ZNGA) than a fast-growing company like Roblox (NYSE:RBLX).\nGarena's implied valuation should - and did - suffer as a result. While a fast-growing company like Roblox can command a high double-digit P/S multiple, Activision and Zynga trade at an average P/S multiple of just 4. Garena is slightly more profitable than them and probably has more risk to the upside, so I'll use a P/S multiple of 5 for my implied valuation. This implies a P/E of about 10 for a business growing at around 10%, which is very reasonable in today's market.\nThis means Garena is worth $23.5B based on the high end of management's guidance.\nI believe this valuation is actually conservative for a few reasons:\n\nNext year has tough comps and growth could re-accelerate in the following years or even next year, especially if Garena releases a new hit game. The growth rate past next quarter is not based on explicit guidance from the company, only industry forecasts.\nThe peer valuations I used are from companies also trading at the lower end of their valuation range for the past year.\nGarena has a good track record and is continuing to invest in Free Fire. One example of this is the recently released Free Fire MAX, which improves the experience for users with higher-end phones and even adds a metaverse-like customizable map called Craftland. To me, this implies that Garena believes Free Fire is still in the earlier part of its lifecycle.\nAlthough I'd obviously prefer that Garena develops more games in house, in the meantime it's still not a one-trick pony. In addition to Free Fire, Garena distributes games from third-party developers like Tencent (OTCMKTS:OTCPK:TCEHY). These are popular titles like League of Legends and Call of Duty, which meaningfully diversify Garena's revenue.\n\nE-Commerce\nSea's e-commerce platform Shopee is currently its big growth driver. This platform is often considered the Amazon (NASDAQ:AMZN) of Southeast Asia, and it recently expanded into more markets including Brazil.\nThere's always some debate about who is really the Amazon of a region. Shopee certainly has competition, including from Alibaba's (NYSE:BABA) Lazada, Tokopedia in Indonesia, MercadoLibre (MELI) in Brazil, and even Amazon itself. With most of the competition being private or tucked away into a larger company, many of the competitors don't publish exact revenue numbers, which makes it difficult to measure the competition. Even Sea hasn't published explicit revenue numbers for some countries like Brazil.\nOne neutral source that can be assessed is the Alexa site rank, which as its name suggests ranks sites by their popularity. Keep in mind that these are ranks, so a lower score is better.\nSource: The Author, compiled from Alexa\nShopee is very mobile-focused, but the above table only considers the website. To check App Store app ranks for the shopping category, we can use App Annie.\nSource: The Author, compiled from AppAnnie\nOn the mobile side, there's no need to look at the competition because Shopee is consistently the number one shopping app in every country listed. In a mobile-first world, this bodes very well. Even on the web side, Shopee wins out except in a few specific regions like LATAM and (barely) Indonesia, which have more local competitors.\nOf course, traffic doesn't always translate to GMV. But for a shopping app where most people will use the app to buy something, it's a decent proxy. A third party estimates that Shopee accounts for57%of all e-commerce in Southeast Asia. It's Shopee's dominance in the mobile app ranks and market share that make me consider it the Amazon of Southeast Asia.\nSo why would a company with so much potential sell off?\nAfter the recent earnings report, some analysts expressed concern that Shopee is branching out into other countries like Poland and Mexico before validating its business model in the current markets. In these countries, Shopee has less of a presence; it's bounced between the 3-5 spots on the Mexico App Store for shopping apps, and between spots 1 and 3 in Poland. Although analysts hate uncertainty - and the CEO's comments that they don't have a concrete measure of success in these earlier stage countries won't help with that - Shopee has a history of entering new countries successfully and I am willing to give management some time to try expanding more. After all, if they're successful, then it could drive even more unexpected growth in the future.\nAnother complaint from analysts was that the basket size (average purchase size) is trending down. While that could also have contributed to the recent selloff, it's hard to complain when the overall sales increased a lot despite a decrease in basket size.\nThe company raised its guidance for e-commerce again in Q3, now guiding for $5.0B-$5.2B in 2021 e-commerce revenue. That's 75%-100% growth in Q4 and about 135% growth for the year. These are much more exciting numbers than the gaming side, although the guidance still implies a slight deceleration in Q4. But compared to Amazon's $340B in 2020 e-commerce sales, Shopee looks like it's just scratched the surface. E-commerce is at only11%penetration in Southeast Asia compared to18.7%in the USA, and Southeast Asia economies are generally growing faster than the USA's.\nDespite being in a blue skies industry, it's more difficult to value the e-commerce segment because it operates at a loss (whereas the gaming segment is highly profitable). Shopee's success is not guaranteed because it's not clear at this point whether the platform can become profitable while retaining its market share. Stocks like this tend to experience more volatility, which could partially explain the recent selloff.\nFor unprofitable software companies, I like to use the Rule of 40 to assess the business. But it's difficult to apply this rule to a more cyclical e-commerce company with naturally lower margins. Even so, it's worth noting that despite being unprofitable, Sea's Rule of 40 score of 104 is better than most SaaS companies', and also better than e-commerce peers Amazon (21), MercadoLibre (73), and Alibaba (43).\nTo understand Shopee's terminal valuation once it becomes profitable, we can look at industry peers. Amazon is one profitable and slower-growing peer, and it trades at 4x P/S. AWS pushes this number up, but Amazon's high exposure to first-party sales offsets that. Other e-commerce marketplace peers trade at similar valuations: Alibaba at 3x P/S, MercadoLibre at 9x P/S. All of these valuations are basically all-time lows.\nIf Shopee keeps doubling revenue over the next couple of years (which it's easily done every year since 2016), becomes profitable (which scaling up tends to help with), and will have Amazon's P/S multiple in two years, then at 16 P/S today it would trade flat for two years. But if it keeps growing much faster than Amazon over a longer period like a decade, and/or if the overall industry multiples expand to more normal historical levels, then even at 16x P/S this segment has potential upside. On the other hand, if it stops growing or never becomes profitable then investors will be very disappointed at any P/S.\nGiven this wide range of outcomes, each person is going to have their own way of valuing this segment. For me, when I look at Shopee's mobile dominance, relatively small current size, the funding coming in from Garena, and the precedent set by Amazon, Alibaba, and MercadoLibre for the sustainable long-term success of this business model, I am optimistic about this segment's future. I recognize that it's currently an unprofitable and thus risky segment, but I also see the massive potential.\nSo I am happy paying a 16x P/S multiple, which values the e-commerce segment at $83.2B. Some people will call that way too high, and those people will probably never get a chance to invest in this company, for better or for worse.\nThus, with just Garena and Shopee, I have Sea being worth $106.7B. Its current market cap is $123.1B. To account for the difference, let's look at the other parts of Sea.\nFinTech & Investments\nThe easiest addition to my computed valuation is Sea's $12B cash pile, partially offset by $4B in debt. This adds some nice optionality to the company and ensures that it won't be bankrupt any time soon despite losing money with Shopee. Adding in the $8B cash difference puts my computed valuation at $114.7B, just $8.4B short of the actual valuation.\nThen there is Sea's FinTech arm, SeaMoney. The main product here is a mobile wallet, which was responsible for $4.6B in payment volume in the last quarter (~$20B over a year). This segment accounted for $132 million in Q3 revenue, up a whopping 818% year over year. This implies a \"take rate\" of 2.9%, which is even better than established FinTech companies like Visa (V). Because of this high take rate, I'm not worried about SeaMoney losing money while it scales.\nDespite SeaMoney being a small segment, it's now reaching a point where it can be factored into the valuation. Maybe it's only worth a couple of billion, but this is just the start. Five years ago, nobody would have expected that an e-commerce platform accounting for 5% of Sea's sales would today be worth more than the gaming segment. But Sea's management - combined with Garena's ability to fund new segments and drive their viral adoption - made it happen. It's certainly not guaranteed that Sea will have the same success with FinTech, but there is precedent for it.\nIf one day this segment is worth a third or more of Sea (in 2020, FinTech accounted for 36% of MercadoLibre's revenue) then getting it for just 7% of the business today will be well worth it, even if that implies a somewhat high 16x P/S multiple for the segment today. Actually, this multiple is already lower than Visa's, Mastercard's (NYSE:MA), and Affirm's (NASDAQ:AFRM). Realistically, a segment growing at 818% year over year should probably get a higher multiple than these slower-growing companies', but we don't even need to speculate about what a fair multiple is, since we can reach Sea's current valuation by using 16x P/S in my model valuation.\nOne way this segment could grow even more is through the introduction of more products besides the mobile wallet. Sea noted in their recent earnings that they have started \"early initiatives in other digital financial services such as buy now pay later, digital bank, and insurtech.\" These guys sure know how to hop on the latest high growth trend.\nFinally, there's the investments arm. Sea is investing in early-stage tech companies, especially in Southeast Asia. There's strong precedent for companies like Tencent (which is itself an investor in Sea) and Shopify (NYSE:SHOP) managing successful investment portfolios that ultimately factor meaningfully into their valuation. Right now Sea's investment arm is very early stage, so I don't include it in my valuation model. But it doesn't have to be factored in to justify the current share price. It's just one more area that might be worth a large part of Sea one day.\nConclusion\nLooking at each of Sea's segments, my valuation model indicates that Sea is fairly valued today. However, my model doesn't account for the significant optionality of the newer segments. Just like e-commerce did over the last five years, FinTech (and/or investments) could grow to become a very large part of Sea's business. With the FinTech segment currently growing at 818% year over year, it doesn't take much imagination to see how this happens. Just another year or two of growth at something close to that rate will make the FinTech arm impossible for investors to ignore.\nThis optionality combined general strength in each business has allowed Sea to post an average revenue beat of 7% over the past year. Earnings haven't been as strong, and I expect that to be the main point of contention with my valuation model, as is the case for most unprofitable companies. In particular, I expect some readers will disagree with my valuation of the e-commerce segment. But even if you drop e-commerce all the way down to 5x P/S (a multiple seen today by much slower growing e-commerce companies) that implies 54% downside from today's prices. It's a steep drop for sure, but most companies in today's market would be looking at such a decline if one were to use the most conservative valuation standards possible.\nOnly fast-growing companies like Sea can quickly offset such a decline with revenue growth. As a result, the businesses with the most long-term potential will hardly ever trade at the most conservative valuation possible. And Sea certainly has long-term potential. It's one of the few high-growth companies I own that I could see reaching a trillion-dollar market cap this decade.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696845719,"gmtCreate":1640671355460,"gmtModify":1640671355721,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/696845719","repostId":"1127544468","repostType":4,"isVote":1,"tweetType":1,"viewCount":936,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696845404,"gmtCreate":1640671331888,"gmtModify":1640671332107,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696845404","repostId":"1149508501","repostType":4,"repost":{"id":"1149508501","kind":"news","pubTimestamp":1640671124,"share":"https://www.laohu8.com/m/news/1149508501?lang=zh_CN&edition=full","pubTime":"2021-12-28 13:58","market":"us","language":"en","title":"Why Is My Starbucks Out Of...CEO, President Explain Product Shortages<blockquote>为什么我的星巴克缺货……首席执行官、总裁解释产品短缺</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149508501","media":"TheStreet","summary":"When you visit your local Starbucks(SBUX), hoping to buy your favorite coffee, beverage or snack, it","content":"<p>When you visit your local Starbucks(<b>SBUX</b>), hoping to buy your favorite coffee, beverage or snack, it's disappointing when you find your desired purchase out of stock.</p><p><blockquote>当你去当地的星巴克时（<b>SBUX</b>），希望买到自己喜欢的咖啡、饮料或零食，当你发现想要购买的商品缺货时，就很失望了。</blockquote></p><p> That doesn't happen often, but it has been a more regular occurrence as the Seattle chain deals with changing customer habits and supply-chain issues -- both of which can be blamed on the pandemic.</p><p><blockquote>这种情况并不经常发生，但随着西雅图连锁店应对不断变化的客户习惯和供应链问题，这种情况变得更加常见——这两者都可以归咎于疫情。</blockquote></p><p> The company has not shied away from acknowledging these problems. Group President North America John Culver even addressed the shortages during the company's&nbsp;fourth-quarter earnings call.</p><p><blockquote>该公司并没有回避承认这些问题。集团北美总裁John Culver甚至在公司第四季度财报看涨期权上谈到了短缺问题。</blockquote></p><p> \"We are seeing impacts and that's evident by some of the inventory levels in our stores, but I feel very good about the way in which we've been able to navigate it,\" he said.</p><p><blockquote>他说：“我们看到了影响，这从我们商店的一些库存水平就可以看出，但我对我们应对这种影响的方式感觉非常好。”</blockquote></p><p> \"Those supply impacts began in mid-fiscal '21 and we would expect that they will continue into this coming year.\"</p><p><blockquote>“这些供应影响始于21财年中期，我们预计它们将持续到来年。”</blockquote></p><p> <b>Starbucks Calls the Shortages Temporary</b></p><p><blockquote><b>星巴克评级的短缺是暂时的</b></blockquote></p><p> The coffee chain is hardly unique in having supply-chain issues during the pandemic.&nbsp;Grocery stores, restaurants and retailers have struggled to meet demand, partly because of constrained supplies and sometimes because the pandemic has made forecasting demand a challenge.</p><p><blockquote>在疫情期间，咖啡连锁店并不是唯一一家出现供应链问题的公司。杂货店、餐馆和零售商一直在努力满足需求，部分原因是供应有限，有时也是因为疫情使预测需求成为一项挑战。</blockquote></p><p> Starbucks acknowledged intermittent shortages in October in a statement it shared with theNew York Times.</p><p><blockquote>星巴克在与《纽约时报》分享的一份声明中承认10月份出现间歇性短缺。</blockquote></p><p>   In a statement, a spokeswoman for Starbucks said the company was experiencing “temporary supply shortages” of some of its products. She said the shortages varied by location, with some stores experiencing “outages of various items at the same time.” She added that the company was working with its vendors to restock the items as soon as possible, and that the supply-chain issues had not affected prices.  Culver further explained the issue in his remarks.</p><p><blockquote>星巴克发言人在一份声明中表示，该公司部分产品正经历“暂时供应短缺”。她表示，短缺情况因地点而异，一些商店“同时出现各种商品中断”。她补充说，该公司正在与供应商合作，尽快补货，供应链问题并未影响价格。卡尔弗在讲话中进一步解释了这个问题。</blockquote></p><p> \"And what we're seeing is headwinds on commodity pricing challenges around transportation and also the ability for our distributors and manufacturers to find labor to work in their factories and distribution centers,\" he added.</p><p><blockquote>他补充说：“我们看到的是运输方面的大宗商品定价挑战以及我们的分销商和制造商在工厂和配送中心寻找劳动力的能力带来的阻力。”</blockquote></p><p> <b>Starbucks CEO Says Progress Is Being Made</b></p><p><blockquote><b>星巴克首席执行官表示正在取得进展</b></blockquote></p><p> The pandemic disrupted normal patterns for Starbucks. With many of its customers working from home or going into the office some days but not others, purchasing patterns changed.</p><p><blockquote>疫情打乱了星巴克的正常模式。随着许多客户有时在家工作或去办公室，但有时不去，购买模式发生了变化。</blockquote></p><p> That created new challenges for the company, but Chief Executive Kevin Johnson said during the fourth-quarter earnings call that steps to solve the underlying issues&nbsp;have been taken.</p><p><blockquote>这给公司带来了新的挑战，但首席执行官凯文·约翰逊在第四季度财报看涨期权上表示，已经采取措施解决根本问题。</blockquote></p><p> \"We made significant progress addressing supply-chain issues and experienced an overall improvement in inventory availability as we move through the quarter by increasing production at existing suppliers, onboarding new suppliers and strategically prioritizing key holiday and Q1 merchandise,\" he said.</p><p><blockquote>他表示：“我们在解决供应链问题方面取得了重大进展，并在本季度通过增加现有供应商的产量、引入新供应商以及战略性地优先考虑关键假期和第一季度商品，库存可用性整体改善。”</blockquote></p><p> Johnson did say that further problems could come up, especially as demand increases.</p><p><blockquote>约翰逊确实表示，可能会出现进一步的问题，尤其是随着需求的增加。</blockquote></p><p>   While we made significant progress addressing supply-chain challenges as fiscal 2021 progressed, we remain cautious and vigilant as we enter fiscal '22 given the dynamic nature of the situation. The recovery in Q4 surged forward as evidenced by the sequential acceleration of two-year comp growth. We exited Q4 with even stronger 14% two-year comp growth in September and closed to a record average ticket, driven by the strength of our fall beverage lineup, a shift in customer behavior toward more premium beverages and strong food attach.  Starbucks did not immediately respond to a request for comment. Shares in the coffee chain are up roughly 11% year to date.</p><p><blockquote>虽然随着2021财年的进展，我们在应对供应链挑战方面取得了重大进展，但鉴于形势的动态性质，我们在进入22财年时仍保持谨慎和警惕。两年同比增长的连续加速证明了第四季度的复苏。在秋季饮料产品阵容的实力、客户行为向更优质饮料的转变以及强烈的食品依恋的推动下，我们在9月份以更强劲的14%的两年同比增长结束了第四季度，并以创纪录的平均票价收盘。星巴克没有立即回应置评请求。今年迄今为止，这家咖啡连锁店的股价上涨了约11%。</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 Is My Starbucks Out Of...CEO, President Explain Product Shortages<blockquote>为什么我的星巴克缺货……首席执行官、总裁解释产品短缺</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 Is My Starbucks Out Of...CEO, President Explain Product Shortages<blockquote>为什么我的星巴克缺货……首席执行官、总裁解释产品短缺</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-12-28 13:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>When you visit your local Starbucks(<b>SBUX</b>), hoping to buy your favorite coffee, beverage or snack, it's disappointing when you find your desired purchase out of stock.</p><p><blockquote>当你去当地的星巴克时（<b>SBUX</b>），希望买到自己喜欢的咖啡、饮料或零食，当你发现想要购买的商品缺货时，就很失望了。</blockquote></p><p> That doesn't happen often, but it has been a more regular occurrence as the Seattle chain deals with changing customer habits and supply-chain issues -- both of which can be blamed on the pandemic.</p><p><blockquote>这种情况并不经常发生，但随着西雅图连锁店应对不断变化的客户习惯和供应链问题，这种情况变得更加常见——这两者都可以归咎于疫情。</blockquote></p><p> The company has not shied away from acknowledging these problems. Group President North America John Culver even addressed the shortages during the company's&nbsp;fourth-quarter earnings call.</p><p><blockquote>该公司并没有回避承认这些问题。集团北美总裁John Culver甚至在公司第四季度财报看涨期权上谈到了短缺问题。</blockquote></p><p> \"We are seeing impacts and that's evident by some of the inventory levels in our stores, but I feel very good about the way in which we've been able to navigate it,\" he said.</p><p><blockquote>他说：“我们看到了影响，这从我们商店的一些库存水平就可以看出，但我对我们应对这种影响的方式感觉非常好。”</blockquote></p><p> \"Those supply impacts began in mid-fiscal '21 and we would expect that they will continue into this coming year.\"</p><p><blockquote>“这些供应影响始于21财年中期，我们预计它们将持续到来年。”</blockquote></p><p> <b>Starbucks Calls the Shortages Temporary</b></p><p><blockquote><b>星巴克评级的短缺是暂时的</b></blockquote></p><p> The coffee chain is hardly unique in having supply-chain issues during the pandemic.&nbsp;Grocery stores, restaurants and retailers have struggled to meet demand, partly because of constrained supplies and sometimes because the pandemic has made forecasting demand a challenge.</p><p><blockquote>在疫情期间，咖啡连锁店并不是唯一一家出现供应链问题的公司。杂货店、餐馆和零售商一直在努力满足需求，部分原因是供应有限，有时也是因为疫情使预测需求成为一项挑战。</blockquote></p><p> Starbucks acknowledged intermittent shortages in October in a statement it shared with theNew York Times.</p><p><blockquote>星巴克在与《纽约时报》分享的一份声明中承认10月份出现间歇性短缺。</blockquote></p><p>   In a statement, a spokeswoman for Starbucks said the company was experiencing “temporary supply shortages” of some of its products. She said the shortages varied by location, with some stores experiencing “outages of various items at the same time.” She added that the company was working with its vendors to restock the items as soon as possible, and that the supply-chain issues had not affected prices.  Culver further explained the issue in his remarks.</p><p><blockquote>星巴克发言人在一份声明中表示，该公司部分产品正经历“暂时供应短缺”。她表示，短缺情况因地点而异，一些商店“同时出现各种商品中断”。她补充说，该公司正在与供应商合作，尽快补货，供应链问题并未影响价格。卡尔弗在讲话中进一步解释了这个问题。</blockquote></p><p> \"And what we're seeing is headwinds on commodity pricing challenges around transportation and also the ability for our distributors and manufacturers to find labor to work in their factories and distribution centers,\" he added.</p><p><blockquote>他补充说：“我们看到的是运输方面的大宗商品定价挑战以及我们的分销商和制造商在工厂和配送中心寻找劳动力的能力带来的阻力。”</blockquote></p><p> <b>Starbucks CEO Says Progress Is Being Made</b></p><p><blockquote><b>星巴克首席执行官表示正在取得进展</b></blockquote></p><p> The pandemic disrupted normal patterns for Starbucks. With many of its customers working from home or going into the office some days but not others, purchasing patterns changed.</p><p><blockquote>疫情打乱了星巴克的正常模式。随着许多客户有时在家工作或去办公室，但有时不去，购买模式发生了变化。</blockquote></p><p> That created new challenges for the company, but Chief Executive Kevin Johnson said during the fourth-quarter earnings call that steps to solve the underlying issues&nbsp;have been taken.</p><p><blockquote>这给公司带来了新的挑战，但首席执行官凯文·约翰逊在第四季度财报看涨期权上表示，已经采取措施解决根本问题。</blockquote></p><p> \"We made significant progress addressing supply-chain issues and experienced an overall improvement in inventory availability as we move through the quarter by increasing production at existing suppliers, onboarding new suppliers and strategically prioritizing key holiday and Q1 merchandise,\" he said.</p><p><blockquote>他表示：“我们在解决供应链问题方面取得了重大进展，并在本季度通过增加现有供应商的产量、引入新供应商以及战略性地优先考虑关键假期和第一季度商品，库存可用性整体改善。”</blockquote></p><p> Johnson did say that further problems could come up, especially as demand increases.</p><p><blockquote>约翰逊确实表示，可能会出现进一步的问题，尤其是随着需求的增加。</blockquote></p><p>   While we made significant progress addressing supply-chain challenges as fiscal 2021 progressed, we remain cautious and vigilant as we enter fiscal '22 given the dynamic nature of the situation. The recovery in Q4 surged forward as evidenced by the sequential acceleration of two-year comp growth. We exited Q4 with even stronger 14% two-year comp growth in September and closed to a record average ticket, driven by the strength of our fall beverage lineup, a shift in customer behavior toward more premium beverages and strong food attach.  Starbucks did not immediately respond to a request for comment. Shares in the coffee chain are up roughly 11% year to date.</p><p><blockquote>虽然随着2021财年的进展，我们在应对供应链挑战方面取得了重大进展，但鉴于形势的动态性质，我们在进入22财年时仍保持谨慎和警惕。两年同比增长的连续加速证明了第四季度的复苏。在秋季饮料产品阵容的实力、客户行为向更优质饮料的转变以及强烈的食品依恋的推动下，我们在9月份以更强劲的14%的两年同比增长结束了第四季度，并以创纪录的平均票价收盘。星巴克没有立即回应置评请求。今年迄今为止，这家咖啡连锁店的股价上涨了约11%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/starbucks-ceo-product-shortages-supply-chain-concerns\">TheStreet</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":{"SBUX":"星巴克"},"source_url":"https://www.thestreet.com/investing/starbucks-ceo-product-shortages-supply-chain-concerns","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149508501","content_text":"When you visit your local Starbucks(SBUX), hoping to buy your favorite coffee, beverage or snack, it's disappointing when you find your desired purchase out of stock.\nThat doesn't happen often, but it has been a more regular occurrence as the Seattle chain deals with changing customer habits and supply-chain issues -- both of which can be blamed on the pandemic.\nThe company has not shied away from acknowledging these problems. Group President North America John Culver even addressed the shortages during the company's fourth-quarter earnings call.\n\"We are seeing impacts and that's evident by some of the inventory levels in our stores, but I feel very good about the way in which we've been able to navigate it,\" he said.\n\"Those supply impacts began in mid-fiscal '21 and we would expect that they will continue into this coming year.\"\nStarbucks Calls the Shortages Temporary\nThe coffee chain is hardly unique in having supply-chain issues during the pandemic. Grocery stores, restaurants and retailers have struggled to meet demand, partly because of constrained supplies and sometimes because the pandemic has made forecasting demand a challenge.\nStarbucks acknowledged intermittent shortages in October in a statement it shared with theNew York Times.\n\n In a statement, a spokeswoman for Starbucks said the company was experiencing “temporary supply shortages” of some of its products. She said the shortages varied by location, with some stores experiencing “outages of various items at the same time.” She added that the company was working with its vendors to restock the items as soon as possible, and that the supply-chain issues had not affected prices.\n\nCulver further explained the issue in his remarks.\n\"And what we're seeing is headwinds on commodity pricing challenges around transportation and also the ability for our distributors and manufacturers to find labor to work in their factories and distribution centers,\" he added.\nStarbucks CEO Says Progress Is Being Made\nThe pandemic disrupted normal patterns for Starbucks. With many of its customers working from home or going into the office some days but not others, purchasing patterns changed.\nThat created new challenges for the company, but Chief Executive Kevin Johnson said during the fourth-quarter earnings call that steps to solve the underlying issues have been taken.\n\"We made significant progress addressing supply-chain issues and experienced an overall improvement in inventory availability as we move through the quarter by increasing production at existing suppliers, onboarding new suppliers and strategically prioritizing key holiday and Q1 merchandise,\" he said.\nJohnson did say that further problems could come up, especially as demand increases.\n\n While we made significant progress addressing supply-chain challenges as fiscal 2021 progressed, we remain cautious and vigilant as we enter fiscal '22 given the dynamic nature of the situation. The recovery in Q4 surged forward as evidenced by the sequential acceleration of two-year comp growth. We exited Q4 with even stronger 14% two-year comp growth in September and closed to a record average ticket, driven by the strength of our fall beverage lineup, a shift in customer behavior toward more premium beverages and strong food attach.\n\nStarbucks did not immediately respond to a request for comment. Shares in the coffee chain are up roughly 11% year to date.","news_type":1,"symbols_score_info":{"SBUX":0.9}},"isVote":1,"tweetType":1,"viewCount":984,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698775809,"gmtCreate":1640567192717,"gmtModify":1640567493180,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698775809","repostId":"2193178790","repostType":4,"isVote":1,"tweetType":1,"viewCount":658,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698772842,"gmtCreate":1640567082749,"gmtModify":1640567189804,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/698772842","repostId":"1192758376","repostType":4,"repost":{"id":"1192758376","kind":"news","pubTimestamp":1640566987,"share":"https://www.laohu8.com/m/news/1192758376?lang=zh_CN&edition=full","pubTime":"2021-12-27 09:03","market":"us","language":"en","title":"2 Top Tech Stocks Ready for a Bull Run<blockquote>两只顶级科技股已做好牛市准备</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192758376","media":"Motley Fool","summary":"Skyworks Solutions and Chewy haven't been the best performers in 2021, as shares of both companies h","content":"<p><a href=\"https://laohu8.com/S/SWKS\"><b>Skyworks Solutions</b></a>&nbsp;and&nbsp;<a href=\"https://laohu8.com/S/CHWY\"><b>Chewy</b></a>&nbsp;haven't been the best performers in 2021, as shares of both companies have dipped despite terrific growth in their businesses.</p><p><blockquote><a href=\"https://laohu8.com/S/SWKS\"><b>Skyworks解决方案</b></a>和<a href=\"https://laohu8.com/S/CHWY\"><b>耐嚼</b></a>2021年的表现并不是最好的，尽管两家公司的业务增长惊人，但它们的股价都有所下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a881b8c120a9a6bff447766d80c93aa1\" tg-width=\"720\" tg-height=\"528\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> SWKSDATA BYYCHARTS</p><p><blockquote>SWKS数据来自YCharts</blockquote></p><p> However, these&nbsp;tech stocks&nbsp;could step on the gas in the new year thanks to secular growth opportunities in the industries they operate in. Let's look at the reasons why Skyworks Solutions and Chewy could go on a bull run and leave this year's disappointing performance behind.</p><p><blockquote>然而，由于其所在行业的长期增长机会，这些科技股可能会在新的一年里加速增长。让我们看看Skyworks Solutions和Chewy能够继续牛市并将今年令人失望的业绩抛在脑后的原因。</blockquote></p><p> <a href=\"https://laohu8.com/S/SWKS\"><b>Skyworks Solutions</b></a></p><p><blockquote><a href=\"https://laohu8.com/S/SWKS\"><b>Skyworks解决方案</b></a></blockquote></p><p> Skyworks Solutions stock has dipped of late thanks to speculation that the demand for&nbsp;<b>Apple</b>'s(NASDAQ: AAPL)iPhone would take a hit in the holiday season. Reports suggest that long waiting times arising out of supply chain delays and production constraints haveput off customersfrom upgrading to the latest iPhone models. That has weighed on Skyworks as it supplies wireless chips for the iPhone.</p><p><blockquote>Skyworks Solutions股价最近下跌，原因是人们猜测Skyworks Solutions的需求<b>苹果</b>（纳斯达克股票代码：AAPL）的iPhone将在假期期间受到打击。报告显示，供应链延误和生产限制导致的漫长等待时间阻碍了客户升级到最新iPhone型号。这给为iPhone供应无线芯片的Skyworks带来了压力。</blockquote></p><p> However, there are indications that Apple's supply chain may be improving.<b>Morgan Stanley</b>&nbsp;analyst Katy Huberty recenlty increased her forecast for iPhone shipments in the December-ended quarter to 83 million units from the prior estimate of 80 million units, saying that Apple's supply chain problems have eased. If that estimate is hit, it would translate into a year-over-year increase of 3 million iPhone units sold, and that would be good for Skyworks since it gets most of its revenue by selling chips to Apple.</p><p><blockquote>不过，有迹象表明，苹果的供应链可能正在改善。<b>摩根士丹利</b>分析师Katy Huberty最近将截至12月底的季度iPhone出货量预期从之前估计的8000万部上调至8300万部，称苹果的供应链问题已经缓解。如果达到这一估计，iPhone销量将同比增加300万部，这对Skyworks来说是件好事，因为它的大部分收入是通过向苹果销售芯片获得的。</blockquote></p><p> Apple provided 59% of Skyworks' revenue last fiscal year, so increased sales for Apple would spell good things for Skyworks. A report cited by Taiwanese publication<i>DigiTimes</i>points out that Apple could sell over 300 million iPhones in 2022, a huge increase&nbsp;over this year's estimated iPhone shipments of 240 million units.</p><p><blockquote>上一财年，苹果为Skyworks提供了59%的收入，因此苹果销售额的增加对Skyworks来说是好事。台湾出版物引用的一篇报道<i>DigiTimes</i>指出苹果在2022年可能会售出超过3亿部iPhone，比今年预计的2.4亿部iPhone出货量大幅增长。</blockquote></p><p> That may seem ambitious, but it won't be surprising to see Apple come close to that target as it is reportedly working on a 5G-enabled iPhone SE that could be launched in 2022. Some expect the 5G iPhone SE to add 30 million units to Apple's shipments next year.</p><p><blockquote>这似乎雄心勃勃，但看到苹果接近这一目标也就不足为奇了，因为据报道，它正在开发一款支持5G的iPhone SE，可能会在2022年推出。一些人预计，5G iPhone SE明年将为苹果的出货量增加3000万部。</blockquote></p><p> All this indicates that Skyworks' terrific momentum is here to stay. The company's revenue in the recently concluded fiscal 2021 (ended on Oct. 1) increased 52% year over year, while adjusted earnings shot up 71% to $10.50 per share. Analysts estimate Skyworks' revenue will increase 11.4% in fiscal 2022, while earnings are expected to increase 10% to $11.56 per share. The bright prospects of its largest client could help Skyworks easily exceed those expectations.</p><p><blockquote>所有这些都表明Skyworks的强劲势头将持续下去。该公司在最近结束的2021财年（截至10月1日）的收入同比增长52%，而调整后收益飙升71%至每股10.50美元。分析师预计Skyworks 2022财年的收入将增长11.4%，而盈利预计将增长10%至每股11.56美元。其最大客户的光明前景可以帮助Skyworks轻松超越这些预期。</blockquote></p><p> And Skyworks Solutions is trading at just 18 times trailing earnings right now as compared to the&nbsp;<b>S&amp;P 500</b>'s multiple of 28.</p><p><blockquote>Skyworks Solutions目前的市盈率仅为18倍<b>标普500</b>是28的倍数。</blockquote></p><p> <a href=\"https://laohu8.com/S/CHWY\"><b>Chewy</b></a></p><p><blockquote><a href=\"https://laohu8.com/S/CHWY\"><b>耐嚼</b></a></blockquote></p><p> Chewy stock has been hammered in 2021 even though the company is successfully taking advantage of the increase in online sales of pet food and products. The company's revenue in the third quarter of fiscal 2021 increased 24% year over year to $2.21 billion. Chewy's gross margin increased&nbsp;90 basis points during the quarter to 26.4%.</p><p><blockquote>尽管Chewy成功利用了宠物食品和产品在线销售的增长，但该公司的股票在2021年仍遭受重创。该公司2021财年第三季度营收同比增长24%至22.1亿美元。Chewy的毛利率本季度增长90个基点至26.4%。</blockquote></p><p> Investors, however, pressed the panic button after Chewy's latest results were released on Dec. 9 as the company's loss of $0.08 per share was greater than Wall Street's anticipated $0.04-per-share loss. The company blamed&nbsp;supply chain problems, cost inflation, and labor shortages for the loss. But investors should not miss the forest for the trees as Chewy is well on track to benefit from a fast-growing market.</p><p><blockquote>然而，在Chewy于12月9日发布最新业绩后，投资者按下了恐慌按钮，因为该公司每股亏损0.08美元，高于华尔街预期的每股亏损0.04美元。该公司将亏损归咎于供应链问题、成本通胀和劳动力短缺。但投资者不应只见树木不见森林，因为Chewy有望从快速增长的市场中受益。</blockquote></p><p> The American Pet Products Association estimates that spending on pet products exceeded $100 billion last year. Morgan Stanley forecasts that pet spending could hit $275 billion by 2030.</p><p><blockquote>美国宠物用品协会估计，去年宠物用品支出超过1000亿美元。摩根士丹利预测，到2030年，宠物支出可能达到2750亿美元。</blockquote></p><p> Throw in the fact that 59% of spending on pet products is expected to happen online by 2025, as compared to 30% at the end of last year, and it is evident that Chewy is operating in a fast-growing industry. Chewy commands a 41% share of online spending on pet products and has a growing customer base that is spending more money on its offerings.</p><p><blockquote>再加上预计到2025年，59%的宠物产品支出将发生在网上，而去年年底这一比例为30%，很明显Chewy正在一个快速增长的行业中运营。Chewy在宠物产品在线支出中占据了41%的份额，并且拥有不断增长的客户群，他们在其产品上花费了更多的钱。</blockquote></p><p> Chewy is positioned to sustain its impressive pace of growth in the long run and the stock is trading at just 2.67 times sales, which means that it is available for a discount as compared to the S&amp;P 500's multiple of 3.19. Investors looking to add a potentialgrowth stockto their portfolios should take a closer look at Chewy.</p><p><blockquote>从长远来看，Chewy有望维持其令人印象深刻的增长速度，该股的交易价格仅为销售额的2.67倍，这意味着与标普500 3.19倍的市盈率相比，它可以打折。希望在其投资组合中添加潜在增长股票的投资者应该仔细研究Chewy。</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>2 Top Tech Stocks Ready for a Bull Run<blockquote>两只顶级科技股已做好牛市准备</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\">\n2 Top Tech Stocks Ready for a Bull Run<blockquote>两只顶级科技股已做好牛市准备</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\">2021-12-27 09:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/SWKS\"><b>Skyworks Solutions</b></a>&nbsp;and&nbsp;<a href=\"https://laohu8.com/S/CHWY\"><b>Chewy</b></a>&nbsp;haven't been the best performers in 2021, as shares of both companies have dipped despite terrific growth in their businesses.</p><p><blockquote><a href=\"https://laohu8.com/S/SWKS\"><b>Skyworks解决方案</b></a>和<a href=\"https://laohu8.com/S/CHWY\"><b>耐嚼</b></a>2021年的表现并不是最好的，尽管两家公司的业务增长惊人，但它们的股价都有所下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a881b8c120a9a6bff447766d80c93aa1\" tg-width=\"720\" tg-height=\"528\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> SWKSDATA BYYCHARTS</p><p><blockquote>SWKS数据来自YCharts</blockquote></p><p> However, these&nbsp;tech stocks&nbsp;could step on the gas in the new year thanks to secular growth opportunities in the industries they operate in. Let's look at the reasons why Skyworks Solutions and Chewy could go on a bull run and leave this year's disappointing performance behind.</p><p><blockquote>然而，由于其所在行业的长期增长机会，这些科技股可能会在新的一年里加速增长。让我们看看Skyworks Solutions和Chewy能够继续牛市并将今年令人失望的业绩抛在脑后的原因。</blockquote></p><p> <a href=\"https://laohu8.com/S/SWKS\"><b>Skyworks Solutions</b></a></p><p><blockquote><a href=\"https://laohu8.com/S/SWKS\"><b>Skyworks解决方案</b></a></blockquote></p><p> Skyworks Solutions stock has dipped of late thanks to speculation that the demand for&nbsp;<b>Apple</b>'s(NASDAQ: AAPL)iPhone would take a hit in the holiday season. Reports suggest that long waiting times arising out of supply chain delays and production constraints haveput off customersfrom upgrading to the latest iPhone models. That has weighed on Skyworks as it supplies wireless chips for the iPhone.</p><p><blockquote>Skyworks Solutions股价最近下跌，原因是人们猜测Skyworks Solutions的需求<b>苹果</b>（纳斯达克股票代码：AAPL）的iPhone将在假期期间受到打击。报告显示，供应链延误和生产限制导致的漫长等待时间阻碍了客户升级到最新iPhone型号。这给为iPhone供应无线芯片的Skyworks带来了压力。</blockquote></p><p> However, there are indications that Apple's supply chain may be improving.<b>Morgan Stanley</b>&nbsp;analyst Katy Huberty recenlty increased her forecast for iPhone shipments in the December-ended quarter to 83 million units from the prior estimate of 80 million units, saying that Apple's supply chain problems have eased. If that estimate is hit, it would translate into a year-over-year increase of 3 million iPhone units sold, and that would be good for Skyworks since it gets most of its revenue by selling chips to Apple.</p><p><blockquote>不过，有迹象表明，苹果的供应链可能正在改善。<b>摩根士丹利</b>分析师Katy Huberty最近将截至12月底的季度iPhone出货量预期从之前估计的8000万部上调至8300万部，称苹果的供应链问题已经缓解。如果达到这一估计，iPhone销量将同比增加300万部，这对Skyworks来说是件好事，因为它的大部分收入是通过向苹果销售芯片获得的。</blockquote></p><p> Apple provided 59% of Skyworks' revenue last fiscal year, so increased sales for Apple would spell good things for Skyworks. A report cited by Taiwanese publication<i>DigiTimes</i>points out that Apple could sell over 300 million iPhones in 2022, a huge increase&nbsp;over this year's estimated iPhone shipments of 240 million units.</p><p><blockquote>上一财年，苹果为Skyworks提供了59%的收入，因此苹果销售额的增加对Skyworks来说是好事。台湾出版物引用的一篇报道<i>DigiTimes</i>指出苹果在2022年可能会售出超过3亿部iPhone，比今年预计的2.4亿部iPhone出货量大幅增长。</blockquote></p><p> That may seem ambitious, but it won't be surprising to see Apple come close to that target as it is reportedly working on a 5G-enabled iPhone SE that could be launched in 2022. Some expect the 5G iPhone SE to add 30 million units to Apple's shipments next year.</p><p><blockquote>这似乎雄心勃勃，但看到苹果接近这一目标也就不足为奇了，因为据报道，它正在开发一款支持5G的iPhone SE，可能会在2022年推出。一些人预计，5G iPhone SE明年将为苹果的出货量增加3000万部。</blockquote></p><p> All this indicates that Skyworks' terrific momentum is here to stay. The company's revenue in the recently concluded fiscal 2021 (ended on Oct. 1) increased 52% year over year, while adjusted earnings shot up 71% to $10.50 per share. Analysts estimate Skyworks' revenue will increase 11.4% in fiscal 2022, while earnings are expected to increase 10% to $11.56 per share. The bright prospects of its largest client could help Skyworks easily exceed those expectations.</p><p><blockquote>所有这些都表明Skyworks的强劲势头将持续下去。该公司在最近结束的2021财年（截至10月1日）的收入同比增长52%，而调整后收益飙升71%至每股10.50美元。分析师预计Skyworks 2022财年的收入将增长11.4%，而盈利预计将增长10%至每股11.56美元。其最大客户的光明前景可以帮助Skyworks轻松超越这些预期。</blockquote></p><p> And Skyworks Solutions is trading at just 18 times trailing earnings right now as compared to the&nbsp;<b>S&amp;P 500</b>'s multiple of 28.</p><p><blockquote>Skyworks Solutions目前的市盈率仅为18倍<b>标普500</b>是28的倍数。</blockquote></p><p> <a href=\"https://laohu8.com/S/CHWY\"><b>Chewy</b></a></p><p><blockquote><a href=\"https://laohu8.com/S/CHWY\"><b>耐嚼</b></a></blockquote></p><p> Chewy stock has been hammered in 2021 even though the company is successfully taking advantage of the increase in online sales of pet food and products. The company's revenue in the third quarter of fiscal 2021 increased 24% year over year to $2.21 billion. Chewy's gross margin increased&nbsp;90 basis points during the quarter to 26.4%.</p><p><blockquote>尽管Chewy成功利用了宠物食品和产品在线销售的增长，但该公司的股票在2021年仍遭受重创。该公司2021财年第三季度营收同比增长24%至22.1亿美元。Chewy的毛利率本季度增长90个基点至26.4%。</blockquote></p><p> Investors, however, pressed the panic button after Chewy's latest results were released on Dec. 9 as the company's loss of $0.08 per share was greater than Wall Street's anticipated $0.04-per-share loss. The company blamed&nbsp;supply chain problems, cost inflation, and labor shortages for the loss. But investors should not miss the forest for the trees as Chewy is well on track to benefit from a fast-growing market.</p><p><blockquote>然而，在Chewy于12月9日发布最新业绩后，投资者按下了恐慌按钮，因为该公司每股亏损0.08美元，高于华尔街预期的每股亏损0.04美元。该公司将亏损归咎于供应链问题、成本通胀和劳动力短缺。但投资者不应只见树木不见森林，因为Chewy有望从快速增长的市场中受益。</blockquote></p><p> The American Pet Products Association estimates that spending on pet products exceeded $100 billion last year. Morgan Stanley forecasts that pet spending could hit $275 billion by 2030.</p><p><blockquote>美国宠物用品协会估计，去年宠物用品支出超过1000亿美元。摩根士丹利预测，到2030年，宠物支出可能达到2750亿美元。</blockquote></p><p> Throw in the fact that 59% of spending on pet products is expected to happen online by 2025, as compared to 30% at the end of last year, and it is evident that Chewy is operating in a fast-growing industry. Chewy commands a 41% share of online spending on pet products and has a growing customer base that is spending more money on its offerings.</p><p><blockquote>再加上预计到2025年，59%的宠物产品支出将发生在网上，而去年年底这一比例为30%，很明显Chewy正在一个快速增长的行业中运营。Chewy在宠物产品在线支出中占据了41%的份额，并且拥有不断增长的客户群，他们在其产品上花费了更多的钱。</blockquote></p><p> Chewy is positioned to sustain its impressive pace of growth in the long run and the stock is trading at just 2.67 times sales, which means that it is available for a discount as compared to the S&amp;P 500's multiple of 3.19. Investors looking to add a potentialgrowth stockto their portfolios should take a closer look at Chewy.</p><p><blockquote>从长远来看，Chewy有望维持其令人印象深刻的增长速度，该股的交易价格仅为销售额的2.67倍，这意味着与标普500 3.19倍的市盈率相比，它可以打折。希望在其投资组合中添加潜在增长股票的投资者应该仔细研究Chewy。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/26/2-top-tech-stocks-ready-for-a-bull-run/\">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":{"CHWY":"Chewy, Inc.","SWKS":"思佳讯"},"source_url":"https://www.fool.com/investing/2021/12/26/2-top-tech-stocks-ready-for-a-bull-run/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192758376","content_text":"Skyworks Solutions and Chewy haven't been the best performers in 2021, as shares of both companies have dipped despite terrific growth in their businesses.\n\nSWKSDATA BYYCHARTS\nHowever, these tech stocks could step on the gas in the new year thanks to secular growth opportunities in the industries they operate in. Let's look at the reasons why Skyworks Solutions and Chewy could go on a bull run and leave this year's disappointing performance behind.\nSkyworks Solutions\nSkyworks Solutions stock has dipped of late thanks to speculation that the demand for Apple's(NASDAQ: AAPL)iPhone would take a hit in the holiday season. Reports suggest that long waiting times arising out of supply chain delays and production constraints haveput off customersfrom upgrading to the latest iPhone models. That has weighed on Skyworks as it supplies wireless chips for the iPhone.\nHowever, there are indications that Apple's supply chain may be improving.Morgan Stanley analyst Katy Huberty recenlty increased her forecast for iPhone shipments in the December-ended quarter to 83 million units from the prior estimate of 80 million units, saying that Apple's supply chain problems have eased. If that estimate is hit, it would translate into a year-over-year increase of 3 million iPhone units sold, and that would be good for Skyworks since it gets most of its revenue by selling chips to Apple.\nApple provided 59% of Skyworks' revenue last fiscal year, so increased sales for Apple would spell good things for Skyworks. A report cited by Taiwanese publicationDigiTimespoints out that Apple could sell over 300 million iPhones in 2022, a huge increase over this year's estimated iPhone shipments of 240 million units.\nThat may seem ambitious, but it won't be surprising to see Apple come close to that target as it is reportedly working on a 5G-enabled iPhone SE that could be launched in 2022. Some expect the 5G iPhone SE to add 30 million units to Apple's shipments next year.\nAll this indicates that Skyworks' terrific momentum is here to stay. The company's revenue in the recently concluded fiscal 2021 (ended on Oct. 1) increased 52% year over year, while adjusted earnings shot up 71% to $10.50 per share. Analysts estimate Skyworks' revenue will increase 11.4% in fiscal 2022, while earnings are expected to increase 10% to $11.56 per share. The bright prospects of its largest client could help Skyworks easily exceed those expectations.\nAnd Skyworks Solutions is trading at just 18 times trailing earnings right now as compared to the S&P 500's multiple of 28.\nChewy\nChewy stock has been hammered in 2021 even though the company is successfully taking advantage of the increase in online sales of pet food and products. The company's revenue in the third quarter of fiscal 2021 increased 24% year over year to $2.21 billion. Chewy's gross margin increased 90 basis points during the quarter to 26.4%.\nInvestors, however, pressed the panic button after Chewy's latest results were released on Dec. 9 as the company's loss of $0.08 per share was greater than Wall Street's anticipated $0.04-per-share loss. The company blamed supply chain problems, cost inflation, and labor shortages for the loss. But investors should not miss the forest for the trees as Chewy is well on track to benefit from a fast-growing market.\nThe American Pet Products Association estimates that spending on pet products exceeded $100 billion last year. Morgan Stanley forecasts that pet spending could hit $275 billion by 2030.\nThrow in the fact that 59% of spending on pet products is expected to happen online by 2025, as compared to 30% at the end of last year, and it is evident that Chewy is operating in a fast-growing industry. Chewy commands a 41% share of online spending on pet products and has a growing customer base that is spending more money on its offerings.\nChewy is positioned to sustain its impressive pace of growth in the long run and the stock is trading at just 2.67 times sales, which means that it is available for a discount as compared to the S&P 500's multiple of 3.19. Investors looking to add a potentialgrowth stockto their portfolios should take a closer look at Chewy.","news_type":1,"symbols_score_info":{"SWKS":0.9,"CHWY":0.9}},"isVote":1,"tweetType":1,"viewCount":1146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698772019,"gmtCreate":1640567041984,"gmtModify":1640567189000,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698772019","repostId":"1128895961","repostType":4,"repost":{"id":"1128895961","kind":"news","pubTimestamp":1640565848,"share":"https://www.laohu8.com/m/news/1128895961?lang=zh_CN&edition=full","pubTime":"2021-12-27 08:44","market":"us","language":"en","title":"You Can't Buy SpaceX Yet But These Space Stocks Are Up For Grabs<blockquote>你还不能购买SpaceX，但这些太空股可供争夺</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128895961","media":"Investors","summary":"SpaceX continues to mark new milestones as a private company, and that has spurred investors' appeti","content":"<p>SpaceX continues to mark new milestones as a private company, and that has spurred investors' appetites for publicly traded space stocks, which have multiplied rapidly in recent years.</p><p><blockquote>作为一家私营公司，SpaceX继续创下新的里程碑，这刺激了投资者对公开交易的太空股票的兴趣，这些股票近年来迅速成倍增长。</blockquote></p><p> The proliferation of new space stocks has come as&nbsp;SPACshave taken over. Special purpose acquisition companies also known as \"blank check companies\" offer a way for private companies to go public without an IPO. Instead of selling stock, the private enterprise merges with a shell company that's already public. SPACs have become popular after years of being shunned by the financial community.</p><p><blockquote>随着太空公司的接管，新的太空股票激增。特殊目的收购公司也被称为“空白支票公司”，为私营公司提供了一种无需首次公开募股即可上市的方式。私营企业没有出售股票，而是与一家已经上市的空壳公司合并。SPAC在被金融界回避多年后变得流行起来。</blockquote></p><p> Astra Space went publicon July 1 via&nbsp;<b>Holicity</b>(HOL),Momentus went public&nbsp;via&nbsp;<b>Stable RoadCapital</b>(SRAC) and&nbsp;<b>Vector Acquisition</b>(VACQ) took&nbsp;Rocket Lab public&nbsp;in August in a deal that values the space company at $4.1 billion.<b>Redwire Space</b>(RDW) is merged with&nbsp;<b>Genesis Park</b>(GNPK) to go public in September. Satellite imaging company&nbsp;<b>Planet</b>(PL) went public via SPAC on Dec. 8.</p><p><blockquote>Astra Space于7月1日上市<b>整体性</b>(HOL)，Momentus通过<b>稳定的道路资本</b>(SRAC)和<b>矢量采集</b>(VACQ)于8月将Rocket Lab上市，这笔交易对这家航天公司的估值为41亿美元。<b>Redwire空间</b>(RDW)与<b>创世纪公园</b>(GNPK)将于9月上市。卫星成像公司<b>行星</b>(PL)于12月8日通过SPAC上市。</blockquote></p><p> <b>Virgin Galactic's</b>(SPCE) sister company, Virgin Orbit, is going public via a&nbsp;blank-check mergerwith<b>NextGen Acquisition II</b>(NGCA).</p><p><blockquote><b>维珍银河的</b>(SPCE)姐妹公司维珍轨道(Virgin Orbit)将通过空白支票合并上市<b>下一代收购II</b>（NGCA）。</blockquote></p><p> \"After a wave of recent space de-SPACings, investors are now turning their focus toward execution, profitability and return on investment,\" Morgan Stanely analysts wrote in a note dated Dec. 8. \"The challenge facing investors is separating wheat from chaff and identifying companies that have not only discriminating technology, but also sustainable business models.\"</p><p><blockquote>摩根士丹利分析师在12月8日的一份报告中写道：“在最近的一波空间缩小浪潮之后，投资者现在将注意力转向执行力、盈利能力和投资回报。”“投资者面临的挑战是将小麦与谷壳分开，并识别出不仅拥有歧视性技术，而且拥有可持续商业模式的公司。”</blockquote></p><p> Meanwhile, in the legacy space industry,<b>Boeing</b>(BA) is building its own space taxis as well as the most powerful rocket ever. NASA also is working with other established space stocks like&nbsp;<b>Lockheed Martin</b>(LMT) along with upstart space companies to return astronauts to the moon and Mars.</p><p><blockquote>与此同时，在传统航天产业中，<b>波音公司</b>（BA）正在建造自己的太空出租车以及有史以来最强大的火箭。NASA还在与其他成熟的太空股合作，例如<b>洛克希德</b>(LMT)与新贵航天公司一起将宇航员送回月球和火星。</blockquote></p><p> Here's a look at key publicly traded space stocks as of Dec. 25:</p><p><blockquote>以下是截至12月25日主要公开交易的太空股票：</blockquote></p><p> <b>Space Stocks ETFs</b></p><p><blockquote><b>太空股票ETF</b></blockquote></p><p> One option investors have is investing in an ETF. Procure Space ETF (UFO), a space-related exchange traded fund, launched back in April 2019. The fund includes holdings in space stocks like Boeing,<b>Maxar</b>(MAXR),<b>Iridium Communications</b>(IRDM),<b>Intelsat</b>(I) and<b>Airbus</b>(EADSY).</p><p><blockquote>投资者的一种选择是投资ETF。Procure Space ETF(UFO)是一只与太空相关的交易所交易基金，于2019年4月推出。该基金包括持有波音等太空股，<b>Maxar</b>（MAXR），<b>铱星通信</b>（IRDM），<b>Intelsat</b>(I)及<b>空中客车</b>（EADSY）。</blockquote></p><p> Cathie Wood's Ark Investment Management launched the ARK Space Exploration ETF (ARKX) earlier this year. The space-focused ETF includes Boeing and&nbsp;<b>Amazon</b>(AMZN). But it has exited its stake in Virgin Galactic.</p><p><blockquote>Cathie Wood的Ark Investment Management今年早些时候推出了ARK Space Exploration ETF(ARKX)。专注于太空的ETF包括波音和<b>亚马逊</b>（亚马逊）。但它已经退出了维珍银河的股份。</blockquote></p><p> <b>Virgin Galactic</b></p><p><blockquote><b>维珍银河</b></blockquote></p><p> On Oct. 28, 2019, Virgin Galactic stock became the first publicly traded commercial space tourism company after a reverse merger with Social Capital Hedosophia Holdings.</p><p><blockquote>2019年10月28日，维珍银河股票在与社会资本Hedosophia Holdings反向合并后，成为第一家公开交易的商业太空旅游公司。</blockquote></p><p> The company, which counts Boeing as an investor, successfully conducted its&nbsp;first fully crewed flight&nbsp;on July 11, sending founder Richard Branson into space. The flight not only means the company's billionaire founder beat Blue Origin's Jeff Bezos to space, but it's also crucial to the start of commercial service in 2022.</p><p><blockquote>该公司将波音公司视为投资者，于7月11日成功进行了首次载人飞行，将创始人理查德·布兰森送入太空。这次飞行不仅意味着该公司的亿万富翁创始人击败了蓝色起源的杰夫·贝索斯进入太空，而且对于2022年开始商业服务也至关重要。</blockquote></p><p> But the Federal Aviation Administration grounded the company's space plane in September and opened a probe into the flight for veering off its projected flight path during descent.&nbsp; The FAA lifted the grounding on Sept. 29.&nbsp;On Oct. 14, the space company announced it woulddelay the start of commercial flights&nbsp;until the fourth quarter of 2022.</p><p><blockquote>但美国联邦航空管理局在9月份停飞了该公司的太空飞机，并对该航班在下降过程中偏离了预计的飞行路线展开了调查。美国联邦航空局于9月29日解除了停飞。10月14日，这家航天公司宣布将把商业飞行的开始推迟到2022年第四季度。</blockquote></p><p> In addition to space tourism, Wall Street has noted Virgin Galactic's potential in hypersonic intercontinental travel.</p><p><blockquote>除了太空旅游，华尔街还注意到维珍银河在高超音速洲际旅行方面的潜力。</blockquote></p><p> In August 2020, Virgin Galactic signed a memorandum of understanding with Rolls-Royce to collaborate in designing and developing engine propulsion technology for Mach 3 commercial aircraft. Virgin Galactic entered into a Space Act Agreement with NASA in May to work on developing a sustainable high-Mach supersonic vehicle. The U.S. space agency has been working on high-Mach flight with its Supersonic X-59 test plane built by Lockheed.</p><p><blockquote>2020年8月，维珍银河与罗尔斯·罗伊斯签署了一份谅解备忘录，合作为3马赫商用飞机设计和开发发动机推进技术。维珍银河于5月与美国宇航局签订了太空法案协议，致力于开发可持续的高马赫超音速飞行器。美国航天局一直在利用洛克希德公司制造的超音速X-59测试飞机进行高马赫飞行。</blockquote></p><p> <b>Boeing</b></p><p><blockquote><b>波音公司</b></blockquote></p><p> One of the original space stocks, Boeing built the first stage of the Saturn V rocket that helped propel Apollo 11 astronauts to the moon in 1969. Now it's building theSpace Launch System rocket&nbsp;at the same facility as the Saturn V rocket in New Orleans.</p><p><blockquote>作为最初的太空库存之一，波音公司制造了土星五号火箭的第一级，帮助阿波罗11号宇航员于1969年登上月球。现在它正在新奥尔良与土星五号火箭相同的设施中建造太空发射系统火箭。</blockquote></p><p> The SLS is designed to be the most powerful rocket ever, taking astronauts and probes into deep space. But delays and costs overruns have plagued the NASA rocket.&nbsp;In January,&nbsp;NASA cut short a test of the core stage&nbsp;but was able to&nbsp;successfully complete the key hot fire test&nbsp;for the full duration in March. The rocket keeps facing delays due to Covid-19 and won't fly until 2022.</p><p><blockquote>SLS被设计成有史以来最强大的火箭，将宇航员和探测器带入深空。但是延迟和成本超支困扰着美国宇航局的火箭。一月份，美国宇航局缩短了核心级的一次测试，但能够在三月份成功完成整个持续时间的关键热火测试。由于新冠肺炎，火箭一直面临延误，直到2022年才会飞行。</blockquote></p><p></p><p> Boeing also developed the Starliner capsule to ferry astronauts to and from the ISS. But the capsule failed to reach the correct orbit during the&nbsp;test flight&nbsp;in December 2019 and a potentially \"catastrophic\" software issue was discovered. Boeing planned to redo the test flight on July 30 but the launch has been delayed until 2022 as the company looks for the cause of a technical issue that emerged.</p><p><blockquote>波音公司还开发了Starliner太空舱来运送宇航员往返国际空间站。但该太空舱在2019年12月的试飞中未能到达正确轨道，并发现了一个潜在的“灾难性”软件问题。波音公司计划在7月30日重新进行试飞，但由于该公司正在寻找出现的技术问题的原因，发射已被推迟到2022年。</blockquote></p><p> In October, NASA moved astronauts from a Starliner mission to a SpaceX Crew Dragon mission amid the delays.</p><p><blockquote>10月，由于延误，NASA将宇航员从Starliner任务转移到SpaceX Crew Dragon任务。</blockquote></p><p> Boeing also builds satellites and manages the ISS for NASA.</p><p><blockquote>波音公司还为美国宇航局制造卫星并管理国际空间站。</blockquote></p><p> <b>Lockheed Martin</b></p><p><blockquote><b>洛克希德</b></blockquote></p><p> Lockheed also has a long history as one of the top space stocks. It built&nbsp;the solid propellant launch escape motor and the pitch control motor for the Apollo 11 spacecraft.</p><p><blockquote>洛克希德公司作为顶级航天股之一也有着悠久的历史。它为阿波罗11号飞船制造了固体推进剂发射逃逸发动机和俯仰控制发动机。</blockquote></p><p> Now Lockheed is&nbsp;developing the deep-space Orion spacecraft for the SLS rocket&nbsp;to carry astronauts into deep space, including to lunar orbit.</p><p><blockquote>现在洛克希德公司正在为SLS火箭开发深空猎户座飞船，将宇航员运送到深空，包括月球轨道。</blockquote></p><p> Lockheed also makes satellites and space probes for NASA. More recently, Lockheed built components for the Mars Perseverance rover, which landed in February, and the Mars InSight lander, which landed in November 2018.</p><p><blockquote>洛克希德公司还为美国宇航局制造卫星和太空探测器。最近，洛克希德公司为2月着陆的火星毅力号火星车和2018年11月着陆的火星洞察号着陆器制造了组件。</blockquote></p><p> In addition, its joint venture with Boeing, United Launch Alliance, makes rockets that provide launch services.</p><p><blockquote>此外，其与波音公司的合资企业联合发射联盟制造提供发射服务的火箭。</blockquote></p><p> In December 2020, Lockheed announced it would buy&nbsp;engine maker Aerojet Rocketdynein an estimated $4.4 billion deal to boost its hypersonic weapons and space capabilities.</p><p><blockquote>2020年12月，洛克希德公司宣布将以估计44亿美元的价格收购发动机制造商Aerojet Rocketdyne，以增强其高超音速武器和太空能力。</blockquote></p><p> Aerojet's engines were used in the Apollo 11 mission and were on the Space Shuttle. The company is also providing the engines for Boeing's SLS rocket, ULA's Vulcan rocket upper stage and&nbsp;Northrop's OmegA rocket third stage.</p><p><blockquote>Aerojet的发动机用于阿波罗11号任务，并在航天飞机上。该公司还为波音公司的SLS火箭、ULA公司的火神火箭上面级和诺斯罗普公司的欧米茄火箭第三级提供发动机。</blockquote></p><p> <b>Northrop Grumman</b></p><p><blockquote><b>诺斯罗普·格鲁曼公司</b></blockquote></p><p> <b>Northrop Grumman</b>(NOC) expanded its scope as one of the leading space stocks after it bought rocket maker Orbital ATK in 2018.</p><p><blockquote><b>诺斯罗普·格鲁曼公司</b>(NOC)在2018年收购火箭制造商Orbital ATK后，扩大了其作为领先航天股之一的范围。</blockquote></p><p> The company is working on the&nbsp;OmegA heavy-lift rocket and received Air Force funding last year to help end the U.S. reliance on Russian engines used in the Atlas 5 rocket by ULA.</p><p><blockquote>该公司正在研究欧米茄重型火箭，并于去年获得了空军的资助，以帮助结束美国对ULA在Atlas 5火箭中使用的俄罗斯发动机的依赖。</blockquote></p><p> Northrop makes satellites as well and is developing the James Webb Space Telescope for NASA. But the deep-space telescope is behind schedule with Covid-19 further dragging on timing. NASA expects the telescope to launch on Dec. 25.</p><p><blockquote>诺斯罗普公司也制造卫星，并正在为美国宇航局开发詹姆斯·韦伯太空望远镜。但是深空望远镜落后于计划，新冠肺炎进一步拖延了时间。美国宇航局预计该望远镜将于12月25日发射。</blockquote></p><p> Northrop and Lockheed teamed up with Blue Origin on a lunar lander program for NASA. Butthey lost out to SpaceX.</p><p><blockquote>诺斯罗普和洛克希德与蓝色起源合作，为美国宇航局开展月球着陆器计划。但他们输给了SpaceX。</blockquote></p><p> <b>Maxar</b></p><p><blockquote><b>Maxar</b></blockquote></p><p> Smaller space stocks are leaving their mark on the new space race too.&nbsp;Maxar will build the first components ofNASA's Lunar Gatewayspace station.</p><p><blockquote>规模较小的太空股也在新的太空竞赛中留下了印记。Maxar将建造NASA月球门户空间站的第一批组件。</blockquote></p><p> It also builds communication and Earth observations satellites as well as robotic systems for use in space.</p><p><blockquote>它还建造通信和地球观测卫星以及用于太空的机器人系统。</blockquote></p><p> In addition, Maxar provides access to satellite imagery and map data.</p><p><blockquote>此外，Maxar还提供对卫星图像和地图数据的访问。</blockquote></p><p> <b>SpaceX</b></p><p><blockquote><b>太空探索</b></blockquote></p><p> Investors' hopes for SpaceX have made it one of the most valuable pre-IPO companies in the world. An insider share sale in early October put its worth at$100 billion,&nbsp;according to a CNBC report. But Musk has no plans for it to go public...yet.</p><p><blockquote>投资者对SpaceX的希望使其成为全球最有价值的IPO前公司之一。据CNBC报道，10月初的一次内部股票出售使其价值达到1000亿美元。但马斯克还没有让它上市的计划……还没有。</blockquote></p><p> An IPO of the&nbsp;SpaceX Starlink satellite business&nbsp;reportedly could be in the works, perhaps in the next several years. SpaceX has launched more than 1,700 Starlink satellites for delivering space-based broadband connections, and beta testing is ongoing. In May, the company said more than 500,000 people have ordered or made a deposit for service.</p><p><blockquote>据报道，SpaceX Starlink卫星业务的IPO可能正在进行中，可能会在未来几年内进行。SpaceX已经发射了1700多颗星链卫星，用于提供天基宽带连接，beta测试正在进行中。今年5月，该公司表示已有超过50万人订购或支付了服务押金。</blockquote></p><p> SpaceX's Falcon 9 rocket routinely carries payloads into space for NASA, the Pentagon as well as other governments and companies, while its Falcon Heavy has launched commercial and government payloads.</p><p><blockquote>SpaceX的猎鹰9号火箭定期为美国宇航局、五角大楼以及其他政府和公司将有效载荷送入太空，而其猎鹰重型火箭则发射了商业和政府有效载荷。</blockquote></p><p> SpaceX is now sending astronauts to the space station on regular trips via the Crew Dragon capsule. SpaceX is also developing the Starship for deep-space missions and space tourism.</p><p><blockquote>SpaceX现在通过载人龙太空舱定期将宇航员送往空间站。SpaceX还在开发用于深空任务和太空旅游的星际飞船。</blockquote></p><p> In April, NASA awarded SpaceX $2.9 billion to further develop the Starship to land astronauts on the moon. Blue Origin and Dynetics have filed protests. In May, SpaceX launched and landed an uncrewed prototype safely, after prior high-altitude flights ended in explosions.</p><p><blockquote>今年4月，NASA授予SpaceX 29亿美元，用于进一步开发将宇航员送上月球的星际飞船。蓝色起源和Dynetics已经提出抗议。今年5月，SpaceX安全发射并着陆了一架无人原型机，此前的高空飞行均以爆炸告终。</blockquote></p><p> <b>Blue Origin</b></p><p><blockquote><b>蓝色起源</b></blockquote></p><p> Jeff Bezos' Blue Origin is developing the New Glenn and New Shepard rockets as well as engines and the Blue Moon lunar lander. In addition to carrying payloads, Blue Origin also plans to take tourists into space and is developing its own constellation of satellites for internet service.</p><p><blockquote>杰夫·贝索斯的蓝色起源公司正在开发新格伦和新谢泼德火箭以及发动机和蓝月亮月球着陆器。除了携带有效载荷，蓝色起源还计划将游客带入太空，并正在开发自己的卫星星座，用于互联网服务。</blockquote></p><p> Bezos and his brother flew on New Shepard's first crewed flight on July 20. Blue Origin said that it has nearly $100 million in commercial sales for flights on its rocket. Two more commercial flights are expected this year. Star Trek actor William Shatner flew on Blue Origin's successful Oct. 13 mission. At 90, he became the oldest person in space.</p><p><blockquote>7月20日，贝佐斯和他的兄弟乘坐了新谢泼德号的首次载人飞行。蓝色起源表示，其火箭飞行的商业销售额接近1亿美元。预计今年还会有两次商业航班。《星际迷航》演员威廉·夏特纳于10月13日成功执行了蓝色起源的任务。90岁时，他成为太空中最长寿的人。</blockquote></p><p> Bezos said he's not sure how many flights will happen in 2022 but that \"demand is very, very high.\"</p><p><blockquote>贝佐斯表示，他不确定2022年会有多少次航班，但“需求非常非常高”。</blockquote></p><p></p>","source":"lsy1610449120050","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>You Can't Buy SpaceX Yet But These Space Stocks Are Up For Grabs<blockquote>你还不能购买SpaceX，但这些太空股可供争夺</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\">\nYou Can't Buy SpaceX Yet But These Space Stocks Are Up For Grabs<blockquote>你还不能购买SpaceX，但这些太空股可供争夺</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investors</strong><span class=\"h-time small\">2021-12-27 08:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>SpaceX continues to mark new milestones as a private company, and that has spurred investors' appetites for publicly traded space stocks, which have multiplied rapidly in recent years.</p><p><blockquote>作为一家私营公司，SpaceX继续创下新的里程碑，这刺激了投资者对公开交易的太空股票的兴趣，这些股票近年来迅速成倍增长。</blockquote></p><p> The proliferation of new space stocks has come as&nbsp;SPACshave taken over. Special purpose acquisition companies also known as \"blank check companies\" offer a way for private companies to go public without an IPO. Instead of selling stock, the private enterprise merges with a shell company that's already public. SPACs have become popular after years of being shunned by the financial community.</p><p><blockquote>随着太空公司的接管，新的太空股票激增。特殊目的收购公司也被称为“空白支票公司”，为私营公司提供了一种无需首次公开募股即可上市的方式。私营企业没有出售股票，而是与一家已经上市的空壳公司合并。SPAC在被金融界回避多年后变得流行起来。</blockquote></p><p> Astra Space went publicon July 1 via&nbsp;<b>Holicity</b>(HOL),Momentus went public&nbsp;via&nbsp;<b>Stable RoadCapital</b>(SRAC) and&nbsp;<b>Vector Acquisition</b>(VACQ) took&nbsp;Rocket Lab public&nbsp;in August in a deal that values the space company at $4.1 billion.<b>Redwire Space</b>(RDW) is merged with&nbsp;<b>Genesis Park</b>(GNPK) to go public in September. Satellite imaging company&nbsp;<b>Planet</b>(PL) went public via SPAC on Dec. 8.</p><p><blockquote>Astra Space于7月1日上市<b>整体性</b>(HOL)，Momentus通过<b>稳定的道路资本</b>(SRAC)和<b>矢量采集</b>(VACQ)于8月将Rocket Lab上市，这笔交易对这家航天公司的估值为41亿美元。<b>Redwire空间</b>(RDW)与<b>创世纪公园</b>(GNPK)将于9月上市。卫星成像公司<b>行星</b>(PL)于12月8日通过SPAC上市。</blockquote></p><p> <b>Virgin Galactic's</b>(SPCE) sister company, Virgin Orbit, is going public via a&nbsp;blank-check mergerwith<b>NextGen Acquisition II</b>(NGCA).</p><p><blockquote><b>维珍银河的</b>(SPCE)姐妹公司维珍轨道(Virgin Orbit)将通过空白支票合并上市<b>下一代收购II</b>（NGCA）。</blockquote></p><p> \"After a wave of recent space de-SPACings, investors are now turning their focus toward execution, profitability and return on investment,\" Morgan Stanely analysts wrote in a note dated Dec. 8. \"The challenge facing investors is separating wheat from chaff and identifying companies that have not only discriminating technology, but also sustainable business models.\"</p><p><blockquote>摩根士丹利分析师在12月8日的一份报告中写道：“在最近的一波空间缩小浪潮之后，投资者现在将注意力转向执行力、盈利能力和投资回报。”“投资者面临的挑战是将小麦与谷壳分开，并识别出不仅拥有歧视性技术，而且拥有可持续商业模式的公司。”</blockquote></p><p> Meanwhile, in the legacy space industry,<b>Boeing</b>(BA) is building its own space taxis as well as the most powerful rocket ever. NASA also is working with other established space stocks like&nbsp;<b>Lockheed Martin</b>(LMT) along with upstart space companies to return astronauts to the moon and Mars.</p><p><blockquote>与此同时，在传统航天产业中，<b>波音公司</b>（BA）正在建造自己的太空出租车以及有史以来最强大的火箭。NASA还在与其他成熟的太空股合作，例如<b>洛克希德</b>(LMT)与新贵航天公司一起将宇航员送回月球和火星。</blockquote></p><p> Here's a look at key publicly traded space stocks as of Dec. 25:</p><p><blockquote>以下是截至12月25日主要公开交易的太空股票：</blockquote></p><p> <b>Space Stocks ETFs</b></p><p><blockquote><b>太空股票ETF</b></blockquote></p><p> One option investors have is investing in an ETF. Procure Space ETF (UFO), a space-related exchange traded fund, launched back in April 2019. The fund includes holdings in space stocks like Boeing,<b>Maxar</b>(MAXR),<b>Iridium Communications</b>(IRDM),<b>Intelsat</b>(I) and<b>Airbus</b>(EADSY).</p><p><blockquote>投资者的一种选择是投资ETF。Procure Space ETF(UFO)是一只与太空相关的交易所交易基金，于2019年4月推出。该基金包括持有波音等太空股，<b>Maxar</b>（MAXR），<b>铱星通信</b>（IRDM），<b>Intelsat</b>(I)及<b>空中客车</b>（EADSY）。</blockquote></p><p> Cathie Wood's Ark Investment Management launched the ARK Space Exploration ETF (ARKX) earlier this year. The space-focused ETF includes Boeing and&nbsp;<b>Amazon</b>(AMZN). But it has exited its stake in Virgin Galactic.</p><p><blockquote>Cathie Wood的Ark Investment Management今年早些时候推出了ARK Space Exploration ETF(ARKX)。专注于太空的ETF包括波音和<b>亚马逊</b>（亚马逊）。但它已经退出了维珍银河的股份。</blockquote></p><p> <b>Virgin Galactic</b></p><p><blockquote><b>维珍银河</b></blockquote></p><p> On Oct. 28, 2019, Virgin Galactic stock became the first publicly traded commercial space tourism company after a reverse merger with Social Capital Hedosophia Holdings.</p><p><blockquote>2019年10月28日，维珍银河股票在与社会资本Hedosophia Holdings反向合并后，成为第一家公开交易的商业太空旅游公司。</blockquote></p><p> The company, which counts Boeing as an investor, successfully conducted its&nbsp;first fully crewed flight&nbsp;on July 11, sending founder Richard Branson into space. The flight not only means the company's billionaire founder beat Blue Origin's Jeff Bezos to space, but it's also crucial to the start of commercial service in 2022.</p><p><blockquote>该公司将波音公司视为投资者，于7月11日成功进行了首次载人飞行，将创始人理查德·布兰森送入太空。这次飞行不仅意味着该公司的亿万富翁创始人击败了蓝色起源的杰夫·贝索斯进入太空，而且对于2022年开始商业服务也至关重要。</blockquote></p><p> But the Federal Aviation Administration grounded the company's space plane in September and opened a probe into the flight for veering off its projected flight path during descent.&nbsp; The FAA lifted the grounding on Sept. 29.&nbsp;On Oct. 14, the space company announced it woulddelay the start of commercial flights&nbsp;until the fourth quarter of 2022.</p><p><blockquote>但美国联邦航空管理局在9月份停飞了该公司的太空飞机，并对该航班在下降过程中偏离了预计的飞行路线展开了调查。美国联邦航空局于9月29日解除了停飞。10月14日，这家航天公司宣布将把商业飞行的开始推迟到2022年第四季度。</blockquote></p><p> In addition to space tourism, Wall Street has noted Virgin Galactic's potential in hypersonic intercontinental travel.</p><p><blockquote>除了太空旅游，华尔街还注意到维珍银河在高超音速洲际旅行方面的潜力。</blockquote></p><p> In August 2020, Virgin Galactic signed a memorandum of understanding with Rolls-Royce to collaborate in designing and developing engine propulsion technology for Mach 3 commercial aircraft. Virgin Galactic entered into a Space Act Agreement with NASA in May to work on developing a sustainable high-Mach supersonic vehicle. The U.S. space agency has been working on high-Mach flight with its Supersonic X-59 test plane built by Lockheed.</p><p><blockquote>2020年8月，维珍银河与罗尔斯·罗伊斯签署了一份谅解备忘录，合作为3马赫商用飞机设计和开发发动机推进技术。维珍银河于5月与美国宇航局签订了太空法案协议，致力于开发可持续的高马赫超音速飞行器。美国航天局一直在利用洛克希德公司制造的超音速X-59测试飞机进行高马赫飞行。</blockquote></p><p> <b>Boeing</b></p><p><blockquote><b>波音公司</b></blockquote></p><p> One of the original space stocks, Boeing built the first stage of the Saturn V rocket that helped propel Apollo 11 astronauts to the moon in 1969. Now it's building theSpace Launch System rocket&nbsp;at the same facility as the Saturn V rocket in New Orleans.</p><p><blockquote>作为最初的太空库存之一，波音公司制造了土星五号火箭的第一级，帮助阿波罗11号宇航员于1969年登上月球。现在它正在新奥尔良与土星五号火箭相同的设施中建造太空发射系统火箭。</blockquote></p><p> The SLS is designed to be the most powerful rocket ever, taking astronauts and probes into deep space. But delays and costs overruns have plagued the NASA rocket.&nbsp;In January,&nbsp;NASA cut short a test of the core stage&nbsp;but was able to&nbsp;successfully complete the key hot fire test&nbsp;for the full duration in March. The rocket keeps facing delays due to Covid-19 and won't fly until 2022.</p><p><blockquote>SLS被设计成有史以来最强大的火箭，将宇航员和探测器带入深空。但是延迟和成本超支困扰着美国宇航局的火箭。一月份，美国宇航局缩短了核心级的一次测试，但能够在三月份成功完成整个持续时间的关键热火测试。由于新冠肺炎，火箭一直面临延误，直到2022年才会飞行。</blockquote></p><p></p><p> Boeing also developed the Starliner capsule to ferry astronauts to and from the ISS. But the capsule failed to reach the correct orbit during the&nbsp;test flight&nbsp;in December 2019 and a potentially \"catastrophic\" software issue was discovered. Boeing planned to redo the test flight on July 30 but the launch has been delayed until 2022 as the company looks for the cause of a technical issue that emerged.</p><p><blockquote>波音公司还开发了Starliner太空舱来运送宇航员往返国际空间站。但该太空舱在2019年12月的试飞中未能到达正确轨道，并发现了一个潜在的“灾难性”软件问题。波音公司计划在7月30日重新进行试飞，但由于该公司正在寻找出现的技术问题的原因，发射已被推迟到2022年。</blockquote></p><p> In October, NASA moved astronauts from a Starliner mission to a SpaceX Crew Dragon mission amid the delays.</p><p><blockquote>10月，由于延误，NASA将宇航员从Starliner任务转移到SpaceX Crew Dragon任务。</blockquote></p><p> Boeing also builds satellites and manages the ISS for NASA.</p><p><blockquote>波音公司还为美国宇航局制造卫星并管理国际空间站。</blockquote></p><p> <b>Lockheed Martin</b></p><p><blockquote><b>洛克希德</b></blockquote></p><p> Lockheed also has a long history as one of the top space stocks. It built&nbsp;the solid propellant launch escape motor and the pitch control motor for the Apollo 11 spacecraft.</p><p><blockquote>洛克希德公司作为顶级航天股之一也有着悠久的历史。它为阿波罗11号飞船制造了固体推进剂发射逃逸发动机和俯仰控制发动机。</blockquote></p><p> Now Lockheed is&nbsp;developing the deep-space Orion spacecraft for the SLS rocket&nbsp;to carry astronauts into deep space, including to lunar orbit.</p><p><blockquote>现在洛克希德公司正在为SLS火箭开发深空猎户座飞船，将宇航员运送到深空，包括月球轨道。</blockquote></p><p> Lockheed also makes satellites and space probes for NASA. More recently, Lockheed built components for the Mars Perseverance rover, which landed in February, and the Mars InSight lander, which landed in November 2018.</p><p><blockquote>洛克希德公司还为美国宇航局制造卫星和太空探测器。最近，洛克希德公司为2月着陆的火星毅力号火星车和2018年11月着陆的火星洞察号着陆器制造了组件。</blockquote></p><p> In addition, its joint venture with Boeing, United Launch Alliance, makes rockets that provide launch services.</p><p><blockquote>此外，其与波音公司的合资企业联合发射联盟制造提供发射服务的火箭。</blockquote></p><p> In December 2020, Lockheed announced it would buy&nbsp;engine maker Aerojet Rocketdynein an estimated $4.4 billion deal to boost its hypersonic weapons and space capabilities.</p><p><blockquote>2020年12月，洛克希德公司宣布将以估计44亿美元的价格收购发动机制造商Aerojet Rocketdyne，以增强其高超音速武器和太空能力。</blockquote></p><p> Aerojet's engines were used in the Apollo 11 mission and were on the Space Shuttle. The company is also providing the engines for Boeing's SLS rocket, ULA's Vulcan rocket upper stage and&nbsp;Northrop's OmegA rocket third stage.</p><p><blockquote>Aerojet的发动机用于阿波罗11号任务，并在航天飞机上。该公司还为波音公司的SLS火箭、ULA公司的火神火箭上面级和诺斯罗普公司的欧米茄火箭第三级提供发动机。</blockquote></p><p> <b>Northrop Grumman</b></p><p><blockquote><b>诺斯罗普·格鲁曼公司</b></blockquote></p><p> <b>Northrop Grumman</b>(NOC) expanded its scope as one of the leading space stocks after it bought rocket maker Orbital ATK in 2018.</p><p><blockquote><b>诺斯罗普·格鲁曼公司</b>(NOC)在2018年收购火箭制造商Orbital ATK后，扩大了其作为领先航天股之一的范围。</blockquote></p><p> The company is working on the&nbsp;OmegA heavy-lift rocket and received Air Force funding last year to help end the U.S. reliance on Russian engines used in the Atlas 5 rocket by ULA.</p><p><blockquote>该公司正在研究欧米茄重型火箭，并于去年获得了空军的资助，以帮助结束美国对ULA在Atlas 5火箭中使用的俄罗斯发动机的依赖。</blockquote></p><p> Northrop makes satellites as well and is developing the James Webb Space Telescope for NASA. But the deep-space telescope is behind schedule with Covid-19 further dragging on timing. NASA expects the telescope to launch on Dec. 25.</p><p><blockquote>诺斯罗普公司也制造卫星，并正在为美国宇航局开发詹姆斯·韦伯太空望远镜。但是深空望远镜落后于计划，新冠肺炎进一步拖延了时间。美国宇航局预计该望远镜将于12月25日发射。</blockquote></p><p> Northrop and Lockheed teamed up with Blue Origin on a lunar lander program for NASA. Butthey lost out to SpaceX.</p><p><blockquote>诺斯罗普和洛克希德与蓝色起源合作，为美国宇航局开展月球着陆器计划。但他们输给了SpaceX。</blockquote></p><p> <b>Maxar</b></p><p><blockquote><b>Maxar</b></blockquote></p><p> Smaller space stocks are leaving their mark on the new space race too.&nbsp;Maxar will build the first components ofNASA's Lunar Gatewayspace station.</p><p><blockquote>规模较小的太空股也在新的太空竞赛中留下了印记。Maxar将建造NASA月球门户空间站的第一批组件。</blockquote></p><p> It also builds communication and Earth observations satellites as well as robotic systems for use in space.</p><p><blockquote>它还建造通信和地球观测卫星以及用于太空的机器人系统。</blockquote></p><p> In addition, Maxar provides access to satellite imagery and map data.</p><p><blockquote>此外，Maxar还提供对卫星图像和地图数据的访问。</blockquote></p><p> <b>SpaceX</b></p><p><blockquote><b>太空探索</b></blockquote></p><p> Investors' hopes for SpaceX have made it one of the most valuable pre-IPO companies in the world. An insider share sale in early October put its worth at$100 billion,&nbsp;according to a CNBC report. But Musk has no plans for it to go public...yet.</p><p><blockquote>投资者对SpaceX的希望使其成为全球最有价值的IPO前公司之一。据CNBC报道，10月初的一次内部股票出售使其价值达到1000亿美元。但马斯克还没有让它上市的计划……还没有。</blockquote></p><p> An IPO of the&nbsp;SpaceX Starlink satellite business&nbsp;reportedly could be in the works, perhaps in the next several years. SpaceX has launched more than 1,700 Starlink satellites for delivering space-based broadband connections, and beta testing is ongoing. In May, the company said more than 500,000 people have ordered or made a deposit for service.</p><p><blockquote>据报道，SpaceX Starlink卫星业务的IPO可能正在进行中，可能会在未来几年内进行。SpaceX已经发射了1700多颗星链卫星，用于提供天基宽带连接，beta测试正在进行中。今年5月，该公司表示已有超过50万人订购或支付了服务押金。</blockquote></p><p> SpaceX's Falcon 9 rocket routinely carries payloads into space for NASA, the Pentagon as well as other governments and companies, while its Falcon Heavy has launched commercial and government payloads.</p><p><blockquote>SpaceX的猎鹰9号火箭定期为美国宇航局、五角大楼以及其他政府和公司将有效载荷送入太空，而其猎鹰重型火箭则发射了商业和政府有效载荷。</blockquote></p><p> SpaceX is now sending astronauts to the space station on regular trips via the Crew Dragon capsule. SpaceX is also developing the Starship for deep-space missions and space tourism.</p><p><blockquote>SpaceX现在通过载人龙太空舱定期将宇航员送往空间站。SpaceX还在开发用于深空任务和太空旅游的星际飞船。</blockquote></p><p> In April, NASA awarded SpaceX $2.9 billion to further develop the Starship to land astronauts on the moon. Blue Origin and Dynetics have filed protests. In May, SpaceX launched and landed an uncrewed prototype safely, after prior high-altitude flights ended in explosions.</p><p><blockquote>今年4月，NASA授予SpaceX 29亿美元，用于进一步开发将宇航员送上月球的星际飞船。蓝色起源和Dynetics已经提出抗议。今年5月，SpaceX安全发射并着陆了一架无人原型机，此前的高空飞行均以爆炸告终。</blockquote></p><p> <b>Blue Origin</b></p><p><blockquote><b>蓝色起源</b></blockquote></p><p> Jeff Bezos' Blue Origin is developing the New Glenn and New Shepard rockets as well as engines and the Blue Moon lunar lander. In addition to carrying payloads, Blue Origin also plans to take tourists into space and is developing its own constellation of satellites for internet service.</p><p><blockquote>杰夫·贝索斯的蓝色起源公司正在开发新格伦和新谢泼德火箭以及发动机和蓝月亮月球着陆器。除了携带有效载荷，蓝色起源还计划将游客带入太空，并正在开发自己的卫星星座，用于互联网服务。</blockquote></p><p> Bezos and his brother flew on New Shepard's first crewed flight on July 20. Blue Origin said that it has nearly $100 million in commercial sales for flights on its rocket. Two more commercial flights are expected this year. Star Trek actor William Shatner flew on Blue Origin's successful Oct. 13 mission. At 90, he became the oldest person in space.</p><p><blockquote>7月20日，贝佐斯和他的兄弟乘坐了新谢泼德号的首次载人飞行。蓝色起源表示，其火箭飞行的商业销售额接近1亿美元。预计今年还会有两次商业航班。《星际迷航》演员威廉·夏特纳于10月13日成功执行了蓝色起源的任务。90岁时，他成为太空中最长寿的人。</blockquote></p><p> Bezos said he's not sure how many flights will happen in 2022 but that \"demand is very, very high.\"</p><p><blockquote>贝佐斯表示，他不确定2022年会有多少次航班，但“需求非常非常高”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investors.com/news/space-stocks-upstart-space-companies-moon-mars/?src=A00220\">Investors</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":{"PL":"Planet  Labs Pbc","VAQC":"Vector Acquisition Corporation II","NOC":"诺斯罗普格鲁曼","BA":"波音","LMT":"洛克希德马丁","SPCE":"维珍银河","MNTS":"Momentus Inc.","ASTR":"Astra Space","RDW":"Redwire Corp."},"source_url":"https://www.investors.com/news/space-stocks-upstart-space-companies-moon-mars/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128895961","content_text":"SpaceX continues to mark new milestones as a private company, and that has spurred investors' appetites for publicly traded space stocks, which have multiplied rapidly in recent years.\nThe proliferation of new space stocks has come as SPACshave taken over. Special purpose acquisition companies also known as \"blank check companies\" offer a way for private companies to go public without an IPO. Instead of selling stock, the private enterprise merges with a shell company that's already public. SPACs have become popular after years of being shunned by the financial community.\nAstra Space went publicon July 1 via Holicity(HOL),Momentus went public via Stable RoadCapital(SRAC) and Vector Acquisition(VACQ) took Rocket Lab public in August in a deal that values the space company at $4.1 billion.Redwire Space(RDW) is merged with Genesis Park(GNPK) to go public in September. Satellite imaging company Planet(PL) went public via SPAC on Dec. 8.\nVirgin Galactic's(SPCE) sister company, Virgin Orbit, is going public via a blank-check mergerwithNextGen Acquisition II(NGCA).\n\"After a wave of recent space de-SPACings, investors are now turning their focus toward execution, profitability and return on investment,\" Morgan Stanely analysts wrote in a note dated Dec. 8. \"The challenge facing investors is separating wheat from chaff and identifying companies that have not only discriminating technology, but also sustainable business models.\"\nMeanwhile, in the legacy space industry,Boeing(BA) is building its own space taxis as well as the most powerful rocket ever. NASA also is working with other established space stocks like Lockheed Martin(LMT) along with upstart space companies to return astronauts to the moon and Mars.\nHere's a look at key publicly traded space stocks as of Dec. 25:\nSpace Stocks ETFs\nOne option investors have is investing in an ETF. Procure Space ETF (UFO), a space-related exchange traded fund, launched back in April 2019. The fund includes holdings in space stocks like Boeing,Maxar(MAXR),Iridium Communications(IRDM),Intelsat(I) andAirbus(EADSY).\nCathie Wood's Ark Investment Management launched the ARK Space Exploration ETF (ARKX) earlier this year. The space-focused ETF includes Boeing and Amazon(AMZN). But it has exited its stake in Virgin Galactic.\nVirgin Galactic\nOn Oct. 28, 2019, Virgin Galactic stock became the first publicly traded commercial space tourism company after a reverse merger with Social Capital Hedosophia Holdings.\nThe company, which counts Boeing as an investor, successfully conducted its first fully crewed flight on July 11, sending founder Richard Branson into space. The flight not only means the company's billionaire founder beat Blue Origin's Jeff Bezos to space, but it's also crucial to the start of commercial service in 2022.\nBut the Federal Aviation Administration grounded the company's space plane in September and opened a probe into the flight for veering off its projected flight path during descent.  The FAA lifted the grounding on Sept. 29. On Oct. 14, the space company announced it woulddelay the start of commercial flights until the fourth quarter of 2022.\nIn addition to space tourism, Wall Street has noted Virgin Galactic's potential in hypersonic intercontinental travel.\nIn August 2020, Virgin Galactic signed a memorandum of understanding with Rolls-Royce to collaborate in designing and developing engine propulsion technology for Mach 3 commercial aircraft. Virgin Galactic entered into a Space Act Agreement with NASA in May to work on developing a sustainable high-Mach supersonic vehicle. The U.S. space agency has been working on high-Mach flight with its Supersonic X-59 test plane built by Lockheed.\nBoeing\nOne of the original space stocks, Boeing built the first stage of the Saturn V rocket that helped propel Apollo 11 astronauts to the moon in 1969. Now it's building theSpace Launch System rocket at the same facility as the Saturn V rocket in New Orleans.\nThe SLS is designed to be the most powerful rocket ever, taking astronauts and probes into deep space. But delays and costs overruns have plagued the NASA rocket. In January, NASA cut short a test of the core stage but was able to successfully complete the key hot fire test for the full duration in March. The rocket keeps facing delays due to Covid-19 and won't fly until 2022.\nBoeing also developed the Starliner capsule to ferry astronauts to and from the ISS. But the capsule failed to reach the correct orbit during the test flight in December 2019 and a potentially \"catastrophic\" software issue was discovered. Boeing planned to redo the test flight on July 30 but the launch has been delayed until 2022 as the company looks for the cause of a technical issue that emerged.\nIn October, NASA moved astronauts from a Starliner mission to a SpaceX Crew Dragon mission amid the delays.\nBoeing also builds satellites and manages the ISS for NASA.\nLockheed Martin\nLockheed also has a long history as one of the top space stocks. It built the solid propellant launch escape motor and the pitch control motor for the Apollo 11 spacecraft.\nNow Lockheed is developing the deep-space Orion spacecraft for the SLS rocket to carry astronauts into deep space, including to lunar orbit.\nLockheed also makes satellites and space probes for NASA. More recently, Lockheed built components for the Mars Perseverance rover, which landed in February, and the Mars InSight lander, which landed in November 2018.\nIn addition, its joint venture with Boeing, United Launch Alliance, makes rockets that provide launch services.\nIn December 2020, Lockheed announced it would buy engine maker Aerojet Rocketdynein an estimated $4.4 billion deal to boost its hypersonic weapons and space capabilities.\nAerojet's engines were used in the Apollo 11 mission and were on the Space Shuttle. The company is also providing the engines for Boeing's SLS rocket, ULA's Vulcan rocket upper stage and Northrop's OmegA rocket third stage.\nNorthrop Grumman\nNorthrop Grumman(NOC) expanded its scope as one of the leading space stocks after it bought rocket maker Orbital ATK in 2018.\nThe company is working on the OmegA heavy-lift rocket and received Air Force funding last year to help end the U.S. reliance on Russian engines used in the Atlas 5 rocket by ULA.\nNorthrop makes satellites as well and is developing the James Webb Space Telescope for NASA. But the deep-space telescope is behind schedule with Covid-19 further dragging on timing. NASA expects the telescope to launch on Dec. 25.\nNorthrop and Lockheed teamed up with Blue Origin on a lunar lander program for NASA. Butthey lost out to SpaceX.\nMaxar\nSmaller space stocks are leaving their mark on the new space race too. Maxar will build the first components ofNASA's Lunar Gatewayspace station.\nIt also builds communication and Earth observations satellites as well as robotic systems for use in space.\nIn addition, Maxar provides access to satellite imagery and map data.\nSpaceX\nInvestors' hopes for SpaceX have made it one of the most valuable pre-IPO companies in the world. An insider share sale in early October put its worth at$100 billion, according to a CNBC report. But Musk has no plans for it to go public...yet.\nAn IPO of the SpaceX Starlink satellite business reportedly could be in the works, perhaps in the next several years. SpaceX has launched more than 1,700 Starlink satellites for delivering space-based broadband connections, and beta testing is ongoing. In May, the company said more than 500,000 people have ordered or made a deposit for service.\nSpaceX's Falcon 9 rocket routinely carries payloads into space for NASA, the Pentagon as well as other governments and companies, while its Falcon Heavy has launched commercial and government payloads.\nSpaceX is now sending astronauts to the space station on regular trips via the Crew Dragon capsule. SpaceX is also developing the Starship for deep-space missions and space tourism.\nIn April, NASA awarded SpaceX $2.9 billion to further develop the Starship to land astronauts on the moon. Blue Origin and Dynetics have filed protests. In May, SpaceX launched and landed an uncrewed prototype safely, after prior high-altitude flights ended in explosions.\nBlue Origin\nJeff Bezos' Blue Origin is developing the New Glenn and New Shepard rockets as well as engines and the Blue Moon lunar lander. In addition to carrying payloads, Blue Origin also plans to take tourists into space and is developing its own constellation of satellites for internet service.\nBezos and his brother flew on New Shepard's first crewed flight on July 20. Blue Origin said that it has nearly $100 million in commercial sales for flights on its rocket. Two more commercial flights are expected this year. Star Trek actor William Shatner flew on Blue Origin's successful Oct. 13 mission. At 90, he became the oldest person in space.\nBezos said he's not sure how many flights will happen in 2022 but that \"demand is very, very high.\"","news_type":1,"symbols_score_info":{"VAQC":0.9,"LMT":0.9,"PL":0.9,"MNTS":0.9,"SPCE":0.9,"ASTR":0.9,"NOC":0.9,"BA":0.9,"RDW":0.9}},"isVote":1,"tweetType":1,"viewCount":825,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698776569,"gmtCreate":1640566965052,"gmtModify":1640567187751,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698776569","repostId":"2194177239","repostType":4,"repost":{"id":"2194177239","kind":"news","pubTimestamp":1640559609,"share":"https://www.laohu8.com/m/news/2194177239?lang=zh_CN&edition=full","pubTime":"2021-12-27 07:00","market":"us","language":"en","title":"Santa Claus Rally watch: What to know this week<blockquote>圣诞老人集会观察：本周需要了解什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2194177239","media":"Yahoo Finance","summary":"As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for the coming days.The S&P 500  is entering the period known for ushering in the so-called Santa Claus Rally, or seasonally strong timeframe for stocks at the end of each year.According to data from LPL Financial, the Santa Claus Rally period encapsulates the seven days most likely to be higher in any ","content":"<p><div> As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for ...</p><p><blockquote><div>随着交易员从假期缩短的一周中回归，进入新的一年的价格走势将受到密切关注——特别是考虑到相对清淡的经济数据和收益日历...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.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>Santa Claus Rally watch: What to know this week<blockquote>圣诞老人集会观察：本周需要了解什么</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\">\nSanta Claus Rally watch: What to know this week<blockquote>圣诞老人集会观察：本周需要了解什么</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\">2021-12-27 07:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for ...</p><p><blockquote><div>随着交易员从假期缩短的一周中回归，进入新的一年的价格走势将受到密切关注——特别是考虑到相对清淡的经济数据和收益日历...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.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/santa-claus-rally-watch-what-to-know-this-week-142909627.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":{"BK4096":"电气部件与设备","BK4541":"氢能源","SPY.AU":"SPDR® S&P 500® ETF Trust","FCEL":"燃料电池能源"},"source_url":"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2194177239","content_text":"As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for the coming days.\nThe S&P 500 (^GSPC) is entering the period known for ushering in the so-called Santa Claus Rally, or seasonally strong timeframe for stocks at the end of each year.\nThe term, coined by Stock Trader's Almanac in the 1970s, encompasses the final five trading days of the year and first two sessions of the new year. This year, that Santa Claus Rally window is set to start on Monday, Dec. 27 — or the latest a Santa Claus rally has started in 11 years, due to the timing of the holidays this year.\nAccording to data from LPL Financial, the Santa Claus Rally period encapsulates the seven days most likely to be higher in any given year. Since 1950, the Santa Claus Rally period has produced a positive return for the S&P 500 78.9% of the time, with an average return of 1.33%.\n“Why are these seven days so strong?” wrote Ryan Detrick, LPL Financial chief market strategist, in a note. “Whether optimism over a coming new year, holiday spending, traders on vacation, institutions squaring up their books — or the holiday spirit — the bottom line is that bulls tend to believe in Santa.”\nAnd if history is any indication, the absence of a Santa Claus Rally has also typically served as a harbinger of lower near-term returns.\n\"Going back to the mid-1990s, there have been only six times Santa failed to show in December. January was lower five of those six times, and the full year had a solid gain only once (in 2016, but a mini-bear market early in the year),\" Detrick added.\n“Considering the bear markets of 2000 and 2008 both took place after one of the rare instances that Santa failed to show makes believers out of us,\" he said. A bear market typically refers to when stocks drop at least 20% from recent record highs. \"Should this seasonally strong period miss the mark, it could be a warning sign.\"\nAnd this year, investors do have considerable additional concerns to mull heading into the new year. Though stocks closed out Thursday's session at fresh record highs before the long holiday weekend, December still marked a volatile month to start, with renewed concerns over the Omicron variant and the potential for tighter monetary policy from the Federal Reserve weighing on risk assets. Plus, prospects for more near-term fiscal support via the Biden administration's Build Back Better bill have dwindled, and inflation concerns spiked further. Last week, the Bureau of Economic Analysis reported core personal consumption expenditures (PCE) — the Fed's preferred inflation gauge — rose at a 4.7% year-over-year clip, or the fastest since 1983.\n\"If the U.S. was not battling the Omicron variant, U.S. stocks would be dancing higher as the Santa Claus Rally would have kept the climb going into uncharted territory,\" Edward Moya, chief market strategist at OANDA, wrote in a note last week. \"It is too early to say for sure if we will get a Santa Claus Rally, but given all the short-term risks of Fed tightening, Chinese weakness, fiscal support uncertainty and COVID, Wall Street is not complaining.\"\nA man in a Santa Claus costume gestures on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on December 5, 2019 in New York. (Photo by Bryan R. Smith / AFP) (Photo by BRYAN R. SMITH/AFP via Getty Images)BRYAN R. SMITH via Getty Images\nEconomic calendar\n\nMonday: Dallas Federal Reserve Manufacturing Activity Index, Dec. (13.0 expected, 11.8 in November)\nTuesday: FHFA House Price Index, month-over-month, October (0.9% in September); S&P CoreLogic Case-Shiller 20 City Composite Index, month-over-month, October (0.9% expected, 0.96% in September); S&P CoreLogic Case-Shiller 20 City Composite Index, year-over-year, October (18.6%. expected, 19.05% in September); S&P CoreLogic Case-Shiller Home Price Index, year-over-year, November (19.51% in October); Richmond Fed Manufacturing Index, December (11 expected,11 in November)\nWednesday: Wholesale Inventories, month-over-month, November preliminary (1.7% expected, 2.3% in October); Advance Goods Trade Balance, November (-$89.0 billion expected, -$82.9 billion in October); Retail Inventories, month-over-month, November (0.5% expected, 0.1% in October); Pending Home Sales, month-over-month, November (0.5% expected, 7.5% in October)\nThursday: Initial jobless claims, week ended Dec. 25. (205,000 during prior week); Continuing claims, week ended Dec. 18 (1.859 million during prior week); MNI Chicago PMI, December (62.2 expected, 61.8 in November)\nFriday: No notable reports scheduled for release\n\nEarnings calendar\n\nMonday: No notable reports scheduled for release\nTuesday: No notable reports scheduled for release\nWednesday: FuelCell Energy Inc. (FCEL) before market open\nThursday: No notable reports scheduled for release\nFriday: No notable reports scheduled for release","news_type":1,"symbols_score_info":{"FCEL":0.9,"SPY.AU":0.9}},"isVote":1,"tweetType":1,"viewCount":950,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":876343579,"gmtCreate":1637277260738,"gmtModify":1637277260848,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/876343579","repostId":"1185082595","repostType":4,"repost":{"id":"1185082595","kind":"news","pubTimestamp":1637276340,"share":"https://www.laohu8.com/m/news/1185082595?lang=zh_CN&edition=full","pubTime":"2021-11-19 06:59","market":"us","language":"en","title":"S&P 500, Nasdaq hit record closing highs<blockquote>标普500、纳斯达克创收盘新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185082595","media":"Reuters","summary":"(Reuters) - The S&P 500 and Nasdaq notched record closing highs on Thursday, boosted by upbeat corpo","content":"<p>(Reuters) - The S&amp;P 500 and Nasdaq notched record closing highs on Thursday, boosted by upbeat corporate earnings news from companies including <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, while Turkey's lira weakened further after its central bank cut rates.</p><p><blockquote>（路透社）-标普500和纳斯达克周四创下历史收盘新高，受包括<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>，而土耳其央行降息后里拉进一步走软。</blockquote></p><p> MSCI's gauge of stocks across the globe was flat, and the Dow Jones industrial average ended lower.Nvidia's stock jumped and was among the biggest supports for the S&amp;P 500 and Nasdaq after it beat quarterly estimates and forecast strong fourth-quarter revenue. Macy's(M.N)shares shot up 21.2% after it raised its earnings outlook.</p><p><blockquote>摩根士丹利资本国际(MSCI)全球股票指数持平，道琼斯工业平均指数收低。英伟达股价上涨，在超出季度预期并预测第四季度收入强劲后，成为标普500和纳斯达克的最大支撑之一。梅西百货(M.N)上调盈利预期后，股价飙升21.2%。</blockquote></p><p> On the flip side, <a href=\"https://laohu8.com/S/CSCO\">Cisco Systems</a>&nbsp;shares fell 5.5%, a day after it forecast current-quarter revenue below expectations due to supply chain shortages and delays. It was the latest in a growing list of U.S. companies citing supply chain problems.</p><p><blockquote>另一方面，<a href=\"https://laohu8.com/S/CSCO\">思科系统</a>该公司股价下跌5.5%，此前一天，该公司预测本季度营收因供应链短缺和延误而低于预期。这是越来越多以供应链问题为由的美国公司中的最新一家。</blockquote></p><p> Investors have been concerned over further increases in price pressures. Retail giant <a href=\"https://laohu8.com/S/TGT\">Target</a>&nbsp;warned of higher costs earlier this week.</p><p><blockquote>投资者一直担心价格压力进一步加大。零售巨头<a href=\"https://laohu8.com/S/TGT\">目标</a>本周早些时候警告成本上升。</blockquote></p><p> New York Federal Reserve Bank President John Williams said Thursday that inflation is becoming more broad-based and that expectations for future price increases are rising.</p><p><blockquote>纽约联邦储备银行行长约翰·威廉姆斯周四表示，通胀正变得更加广泛，对未来物价上涨的预期正在上升。</blockquote></p><p> The Dow Jones Industrial Average(.DJI)&nbsp;fell 60.1 points, or 0.17%, to 35,870.95, the S&amp;P 500(.SPX)gained 15.87 points, or 0.34%, to 4,704.54 and the Nasdaq Composite(.IXIC)&nbsp;added 72.14 points, or 0.45%, to 15,993.71.</p><p><blockquote>道琼斯工业平均指数(.DJI)下跌60.1点，跌幅0.17%，至35,870.95点，标普500(.SPX)上涨15.87点，跌幅0.34%，至4,704.54点，纳斯达克综合指数(.IXIC)上涨72.14点，涨幅0.45%，至15,993.71点。</blockquote></p><p> The pan-European STOXX 600 index(.STOXX)lost 0.46% and MSCI's gauge of stocks across the globe(.MIWD00000PUS)gained 0.03%.</p><p><blockquote>泛欧斯托克600指数(.STOXX)下跌0.46%，摩根士丹利资本国际全球股票指数(.MIWD00000PUS)上涨0.03%。</blockquote></p><p> Turkey's lira shed another 2.83% after its central bank cut rates by 100 basis points to 15%, even in the face of inflation near 20%, sending the Turkish currency hurtling southward.</p><p><blockquote>土耳其央行降息100个基点至15%，尽管通胀率接近20%，但土耳其里拉仍下跌2.83%，导致土耳其货币大幅下跌。</blockquote></p><p> \"The lira remains a punching bag, and further weakness has no end in sight,\" said Edward Moya, senior market analyst at Oanda.</p><p><blockquote>Oanda高级市场分析师Edward Moya表示：“里拉仍然是一个出气筒，进一步疲软看不到尽头。”</blockquote></p><p> The lira has lost around 11.5% of its value this month amid President Tayyip Erdogan's renewed criticism of interest rates and calls for stimulus despite the risks. It was last at 10.909, having earlier hit a record low of 11.30 per dollar.</p><p><blockquote>尽管存在风险，但由于总统塔伊普·埃尔多安(Tayyip Erdogan)再次批评利率和刺激评级，里拉本月已贬值约11.5%。最新收于10.909美元，此前曾触及1美元兑11.30美元的历史低点。</blockquote></p><p> The dollar edged back from a 16-month high as traders weighed whether the U.S. currency's recent surge had gone too far.</p><p><blockquote>美元从16个月高点小幅回落，因交易员权衡美元近期的飙升是否走得太远。</blockquote></p><p> The dollar index , which measures the currency against a basket of six rivals, was last down 0.3%.</p><p><blockquote>衡量货币兑一篮子六个竞争对手的美元指数最新下跌0.3%。</blockquote></p><p> In the U.S. Treasury market, yields fell after the relative success of a 20-year bond auction on Wednesday reduced fears about further rapid yield increases.</p><p><blockquote>在美国国债市场，周三20年期公债标售相对成功，降低了对收益率进一步快速上升的担忧，收益率下跌。</blockquote></p><p> Benchmark 10-year notes were last at 1.587%. They have jumped from a low of 1.415% last week and are holding below five-month highs of 1.705% reached on Oct. 21.</p><p><blockquote>基准10年期国债最新报1.587%。该指数已从上周1.415%的低点跃升，目前仍低于10月21日触及的五个月高点1.705%。</blockquote></p><p> Oil prices rose slightly after dropping to six-week lows.</p><p><blockquote>油价在跌至六周低点后小幅上涨。</blockquote></p><p> Brent crude settled up 96 cents, or 1.2%, at $81.24 a barrel, while U.S. West Texas Intermediate crude futures closed 65 cents, or 0.8%, higher at $79.01.</p><p><blockquote>布伦特原油收涨96美分，或1.2%，报每桶81.24美元，美国西德克萨斯中质原油期货收涨65美分，或0.8%，报每桶79.01美元。</blockquote></p><p> U.S. gold futures settled down 0.5% at $1,861.4.</p><p><blockquote>美国黄金期货收跌0.5%，报1861.4美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500, Nasdaq hit record closing highs<blockquote>标普500、纳斯达克创收盘新高</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\">\nS&P 500, Nasdaq hit record closing highs<blockquote>标普500、纳斯达克创收盘新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-19 06:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - The S&amp;P 500 and Nasdaq notched record closing highs on Thursday, boosted by upbeat corporate earnings news from companies including <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, while Turkey's lira weakened further after its central bank cut rates.</p><p><blockquote>（路透社）-标普500和纳斯达克周四创下历史收盘新高，受包括<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>，而土耳其央行降息后里拉进一步走软。</blockquote></p><p> MSCI's gauge of stocks across the globe was flat, and the Dow Jones industrial average ended lower.Nvidia's stock jumped and was among the biggest supports for the S&amp;P 500 and Nasdaq after it beat quarterly estimates and forecast strong fourth-quarter revenue. Macy's(M.N)shares shot up 21.2% after it raised its earnings outlook.</p><p><blockquote>摩根士丹利资本国际(MSCI)全球股票指数持平，道琼斯工业平均指数收低。英伟达股价上涨，在超出季度预期并预测第四季度收入强劲后，成为标普500和纳斯达克的最大支撑之一。梅西百货(M.N)上调盈利预期后，股价飙升21.2%。</blockquote></p><p> On the flip side, <a href=\"https://laohu8.com/S/CSCO\">Cisco Systems</a>&nbsp;shares fell 5.5%, a day after it forecast current-quarter revenue below expectations due to supply chain shortages and delays. It was the latest in a growing list of U.S. companies citing supply chain problems.</p><p><blockquote>另一方面，<a href=\"https://laohu8.com/S/CSCO\">思科系统</a>该公司股价下跌5.5%，此前一天，该公司预测本季度营收因供应链短缺和延误而低于预期。这是越来越多以供应链问题为由的美国公司中的最新一家。</blockquote></p><p> Investors have been concerned over further increases in price pressures. Retail giant <a href=\"https://laohu8.com/S/TGT\">Target</a>&nbsp;warned of higher costs earlier this week.</p><p><blockquote>投资者一直担心价格压力进一步加大。零售巨头<a href=\"https://laohu8.com/S/TGT\">目标</a>本周早些时候警告成本上升。</blockquote></p><p> New York Federal Reserve Bank President John Williams said Thursday that inflation is becoming more broad-based and that expectations for future price increases are rising.</p><p><blockquote>纽约联邦储备银行行长约翰·威廉姆斯周四表示，通胀正变得更加广泛，对未来物价上涨的预期正在上升。</blockquote></p><p> The Dow Jones Industrial Average(.DJI)&nbsp;fell 60.1 points, or 0.17%, to 35,870.95, the S&amp;P 500(.SPX)gained 15.87 points, or 0.34%, to 4,704.54 and the Nasdaq Composite(.IXIC)&nbsp;added 72.14 points, or 0.45%, to 15,993.71.</p><p><blockquote>道琼斯工业平均指数(.DJI)下跌60.1点，跌幅0.17%，至35,870.95点，标普500(.SPX)上涨15.87点，跌幅0.34%，至4,704.54点，纳斯达克综合指数(.IXIC)上涨72.14点，涨幅0.45%，至15,993.71点。</blockquote></p><p> The pan-European STOXX 600 index(.STOXX)lost 0.46% and MSCI's gauge of stocks across the globe(.MIWD00000PUS)gained 0.03%.</p><p><blockquote>泛欧斯托克600指数(.STOXX)下跌0.46%，摩根士丹利资本国际全球股票指数(.MIWD00000PUS)上涨0.03%。</blockquote></p><p> Turkey's lira shed another 2.83% after its central bank cut rates by 100 basis points to 15%, even in the face of inflation near 20%, sending the Turkish currency hurtling southward.</p><p><blockquote>土耳其央行降息100个基点至15%，尽管通胀率接近20%，但土耳其里拉仍下跌2.83%，导致土耳其货币大幅下跌。</blockquote></p><p> \"The lira remains a punching bag, and further weakness has no end in sight,\" said Edward Moya, senior market analyst at Oanda.</p><p><blockquote>Oanda高级市场分析师Edward Moya表示：“里拉仍然是一个出气筒，进一步疲软看不到尽头。”</blockquote></p><p> The lira has lost around 11.5% of its value this month amid President Tayyip Erdogan's renewed criticism of interest rates and calls for stimulus despite the risks. It was last at 10.909, having earlier hit a record low of 11.30 per dollar.</p><p><blockquote>尽管存在风险，但由于总统塔伊普·埃尔多安(Tayyip Erdogan)再次批评利率和刺激评级，里拉本月已贬值约11.5%。最新收于10.909美元，此前曾触及1美元兑11.30美元的历史低点。</blockquote></p><p> The dollar edged back from a 16-month high as traders weighed whether the U.S. currency's recent surge had gone too far.</p><p><blockquote>美元从16个月高点小幅回落，因交易员权衡美元近期的飙升是否走得太远。</blockquote></p><p> The dollar index , which measures the currency against a basket of six rivals, was last down 0.3%.</p><p><blockquote>衡量货币兑一篮子六个竞争对手的美元指数最新下跌0.3%。</blockquote></p><p> In the U.S. Treasury market, yields fell after the relative success of a 20-year bond auction on Wednesday reduced fears about further rapid yield increases.</p><p><blockquote>在美国国债市场，周三20年期公债标售相对成功，降低了对收益率进一步快速上升的担忧，收益率下跌。</blockquote></p><p> Benchmark 10-year notes were last at 1.587%. They have jumped from a low of 1.415% last week and are holding below five-month highs of 1.705% reached on Oct. 21.</p><p><blockquote>基准10年期国债最新报1.587%。该指数已从上周1.415%的低点跃升，目前仍低于10月21日触及的五个月高点1.705%。</blockquote></p><p> Oil prices rose slightly after dropping to six-week lows.</p><p><blockquote>油价在跌至六周低点后小幅上涨。</blockquote></p><p> Brent crude settled up 96 cents, or 1.2%, at $81.24 a barrel, while U.S. West Texas Intermediate crude futures closed 65 cents, or 0.8%, higher at $79.01.</p><p><blockquote>布伦特原油收涨96美分，或1.2%，报每桶81.24美元，美国西德克萨斯中质原油期货收涨65美分，或0.8%，报每桶79.01美元。</blockquote></p><p> U.S. gold futures settled down 0.5% at $1,861.4.</p><p><blockquote>美国黄金期货收跌0.5%，报1861.4美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/markets/us/global-markets-wrapup-6-graphics-2021-11-18/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/markets/us/global-markets-wrapup-6-graphics-2021-11-18/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185082595","content_text":"(Reuters) - The S&P 500 and Nasdaq notched record closing highs on Thursday, boosted by upbeat corporate earnings news from companies including Nvidia, while Turkey's lira weakened further after its central bank cut rates.\nMSCI's gauge of stocks across the globe was flat, and the Dow Jones industrial average ended lower.Nvidia's stock jumped and was among the biggest supports for the S&P 500 and Nasdaq after it beat quarterly estimates and forecast strong fourth-quarter revenue. Macy's(M.N)shares shot up 21.2% after it raised its earnings outlook.\nOn the flip side, Cisco Systems shares fell 5.5%, a day after it forecast current-quarter revenue below expectations due to supply chain shortages and delays. It was the latest in a growing list of U.S. companies citing supply chain problems.\nInvestors have been concerned over further increases in price pressures. Retail giant Target warned of higher costs earlier this week.\nNew York Federal Reserve Bank President John Williams said Thursday that inflation is becoming more broad-based and that expectations for future price increases are rising.\nThe Dow Jones Industrial Average(.DJI) fell 60.1 points, or 0.17%, to 35,870.95, the S&P 500(.SPX)gained 15.87 points, or 0.34%, to 4,704.54 and the Nasdaq Composite(.IXIC) added 72.14 points, or 0.45%, to 15,993.71.\nThe pan-European STOXX 600 index(.STOXX)lost 0.46% and MSCI's gauge of stocks across the globe(.MIWD00000PUS)gained 0.03%.\nTurkey's lira shed another 2.83% after its central bank cut rates by 100 basis points to 15%, even in the face of inflation near 20%, sending the Turkish currency hurtling southward.\n\"The lira remains a punching bag, and further weakness has no end in sight,\" said Edward Moya, senior market analyst at Oanda.\nThe lira has lost around 11.5% of its value this month amid President Tayyip Erdogan's renewed criticism of interest rates and calls for stimulus despite the risks. It was last at 10.909, having earlier hit a record low of 11.30 per dollar.\nThe dollar edged back from a 16-month high as traders weighed whether the U.S. currency's recent surge had gone too far.\nThe dollar index , which measures the currency against a basket of six rivals, was last down 0.3%.\nIn the U.S. Treasury market, yields fell after the relative success of a 20-year bond auction on Wednesday reduced fears about further rapid yield increases.\nBenchmark 10-year notes were last at 1.587%. They have jumped from a low of 1.415% last week and are holding below five-month highs of 1.705% reached on Oct. 21.\nOil prices rose slightly after dropping to six-week lows.\nBrent crude settled up 96 cents, or 1.2%, at $81.24 a barrel, while U.S. West Texas Intermediate crude futures closed 65 cents, or 0.8%, higher at $79.01.\nU.S. gold futures settled down 0.5% at $1,861.4.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693904378,"gmtCreate":1639957422060,"gmtModify":1639957422268,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693904378","repostId":"1151315099","repostType":4,"repost":{"id":"1151315099","kind":"news","pubTimestamp":1639956674,"share":"https://www.laohu8.com/m/news/1151315099?lang=zh_CN&edition=full","pubTime":"2021-12-20 07:31","market":"us","language":"en","title":"‘NIO Day’ Featured a New EV and AR Goggles. Will They Be Enough to Boost the Hard Hit Stock?<blockquote>“蔚来日”推出了新的电动汽车和AR护目镜。它们是否足以提振遭受重创的股票？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151315099","media":"Barrons","summary":"Chinese electric vehicle maker NIO (ticker: NIO) hosted an event for car buyers—and investors—in Chi","content":"<p>Chinese electric vehicle maker&nbsp;NIO&nbsp;(ticker: NIO) hosted an event for car buyers—and investors—in China on Saturday morning Eastern time. A brand new model, to be delivered in 2022, was announced. And the technology NIO is packing into its cars is something to behold. There are even augmented reality glasses—like something out of an Avengers movie.</p><p><blockquote>中国电动汽车制造商蔚来（股票代码：蔚来）于美国东部时间周六上午在中国为购车者和投资者举办了一场活动。宣布了将于2022年交付的全新车型。蔚来在其汽车中采用的技术也值得一看。甚至还有增强现实眼镜——就像《复仇者联盟》电影中的东西。</blockquote></p><p> The new vehicle is the ET5 midsize sedan. It’s a higher-end model starting at about $50,000. With NIO’s battery as a service subscription, the initial purchase price is about $40,000. NIO will let car buyers pay a monthly fee, essentially, separating the battery purchase from the car purchase.</p><p><blockquote>新车是ET5中型轿车。这是一款高端型号，起价约为50,000美元。通过蔚来的电池即服务订阅，初始购买价格约为40,000美元。蔚来将让购车者按月支付费用，本质上是将购买电池与购买汽车分开。</blockquote></p><p> The new sedan comes with roughly 500 horsepower and will go zero to 60 miles an hour in about 4 seconds. It should be able to drive up to 430 miles per charge, a big number although Chinese and U.S. range statistics are reported differently.</p><p><blockquote>这款新轿车大约有500马力，可以在大约4秒内从零加速到60英里/小时。它每次充电应该可以行驶430英里，这是一个很大的数字，尽管中国和美国的续航里程统计数据不同。</blockquote></p><p> The ET5 is also equipped with advanced safety features including lidar sensors.</p><p><blockquote>ET5还配备了包括激光雷达传感器在内的先进安全功能。</blockquote></p><p> Lidar is essentially laser-based radar and most auto makers believe lidar is one of the technologies required to achieve truly self-driving technology. The ET5 also comes equipped with the company’s latest self-driving software. NIO Autonomous Driving or NAD, as the company calls it, will maintain driving speeds and do some steering, but drivers still need to pay attention to the road at all times.</p><p><blockquote>激光雷达本质上是基于激光的雷达，大多数汽车制造商认为激光雷达是实现真正自动驾驶技术所需的技术之一。ET5还配备了该公司最新的自动驾驶软件。蔚来自动驾驶或NAD，作为该公司的评级，将保持驾驶速度并进行一些转向，但驾驶员仍然需要时刻关注道路。</blockquote></p><p> All the software for self-driving—and the software running other car systems—runs on a computer powered by&nbsp;Nvidia&nbsp;(NVDA) chips.</p><p><blockquote>所有用于自动驾驶的软件以及运行其他汽车系统的软件都运行在由Nvidia(NVDA)芯片驱动的计算机上。</blockquote></p><p> Then there are the glasses. NIO unveiled augmented reality glasses that are integrated with the car. “The visual experience is as good as a 201-inch screen at 6 meters away,” said NIO founder William Li. The glasses can display vehicle information. Drivers won’t have to look down to check speed. The glasses drew applause from the assembled crowd.</p><p><blockquote>然后是眼镜。蔚来推出了与汽车集成的增强现实眼镜。“视觉体验堪比6米外201英寸屏幕”，蔚来创始人William Li表示。眼镜可以显示车辆信息。司机不必低头检查速度。这副眼镜赢得了聚集人群的掌声。</blockquote></p><p> NIO plans to deliver the ET5 by September 2022. The company also provided an update about its new ET7 sedan. Deliveries of that model should begin in March 2022. The ET7 was unveiled at the company’s last big event in January 2021.</p><p><blockquote>蔚来计划在2022年9月之前交付ET5。该公司还提供了有关其新款ET7轿车的最新信息。该型号将于2022年3月开始交付。ET7于2021年1月在该公司的最后一次大型活动中亮相。</blockquote></p><p> NIO stock jumped 6.5% to more than $60 a share the Monday following that January event—and it could use another bump now. NIO stock has fallen 22% over the last month to $30. The&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;are down about 2% and 1% over the same span. NIO’s third-quarter earnings were fine. Earnings and deliveries don’t seem to be what’s troubling investors most.XPeng&nbsp;(XPEV) shares are down 12% over the past month.</p><p><blockquote>1月份事件发生后的周一，蔚来股价上涨6.5%，至每股60美元以上，现在可能需要再次上涨。蔚来股价上个月下跌22%至30美元。标准普尔500指数和道琼斯工业平均指数同期分别下跌约2%和1%。蔚来第三季度盈利良好。盈利和交付量似乎并不是最困扰投资者的。小鹏汽车(XPEV)股价在过去一个月下跌了12%。</blockquote></p><p> How the stock reacts to the new model, new technology and proposed delivery dates will say a lot about investor sentiment toward highly valued EV makers and U.S.-listed Chinese stocks in the coming weeks.</p><p><blockquote>该股对新车型、新技术和拟议交付日期的反应将在很大程度上反映未来几周投资者对高估值电动汽车制造商和在美国上市的中国股票的情绪。</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>‘NIO Day’ Featured a New EV and AR Goggles. Will They Be Enough to Boost the Hard Hit Stock?<blockquote>“蔚来日”推出了新的电动汽车和AR护目镜。它们是否足以提振遭受重创的股票？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘NIO Day’ Featured a New EV and AR Goggles. Will They Be Enough to Boost the Hard Hit Stock?<blockquote>“蔚来日”推出了新的电动汽车和AR护目镜。它们是否足以提振遭受重创的股票？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-20 07:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Chinese electric vehicle maker&nbsp;NIO&nbsp;(ticker: NIO) hosted an event for car buyers—and investors—in China on Saturday morning Eastern time. A brand new model, to be delivered in 2022, was announced. And the technology NIO is packing into its cars is something to behold. There are even augmented reality glasses—like something out of an Avengers movie.</p><p><blockquote>中国电动汽车制造商蔚来（股票代码：蔚来）于美国东部时间周六上午在中国为购车者和投资者举办了一场活动。宣布了将于2022年交付的全新车型。蔚来在其汽车中采用的技术也值得一看。甚至还有增强现实眼镜——就像《复仇者联盟》电影中的东西。</blockquote></p><p> The new vehicle is the ET5 midsize sedan. It’s a higher-end model starting at about $50,000. With NIO’s battery as a service subscription, the initial purchase price is about $40,000. NIO will let car buyers pay a monthly fee, essentially, separating the battery purchase from the car purchase.</p><p><blockquote>新车是ET5中型轿车。这是一款高端型号，起价约为50,000美元。通过蔚来的电池即服务订阅，初始购买价格约为40,000美元。蔚来将让购车者按月支付费用，本质上是将购买电池与购买汽车分开。</blockquote></p><p> The new sedan comes with roughly 500 horsepower and will go zero to 60 miles an hour in about 4 seconds. It should be able to drive up to 430 miles per charge, a big number although Chinese and U.S. range statistics are reported differently.</p><p><blockquote>这款新轿车大约有500马力，可以在大约4秒内从零加速到60英里/小时。它每次充电应该可以行驶430英里，这是一个很大的数字，尽管中国和美国的续航里程统计数据不同。</blockquote></p><p> The ET5 is also equipped with advanced safety features including lidar sensors.</p><p><blockquote>ET5还配备了包括激光雷达传感器在内的先进安全功能。</blockquote></p><p> Lidar is essentially laser-based radar and most auto makers believe lidar is one of the technologies required to achieve truly self-driving technology. The ET5 also comes equipped with the company’s latest self-driving software. NIO Autonomous Driving or NAD, as the company calls it, will maintain driving speeds and do some steering, but drivers still need to pay attention to the road at all times.</p><p><blockquote>激光雷达本质上是基于激光的雷达，大多数汽车制造商认为激光雷达是实现真正自动驾驶技术所需的技术之一。ET5还配备了该公司最新的自动驾驶软件。蔚来自动驾驶或NAD，作为该公司的评级，将保持驾驶速度并进行一些转向，但驾驶员仍然需要时刻关注道路。</blockquote></p><p> All the software for self-driving—and the software running other car systems—runs on a computer powered by&nbsp;Nvidia&nbsp;(NVDA) chips.</p><p><blockquote>所有用于自动驾驶的软件以及运行其他汽车系统的软件都运行在由Nvidia(NVDA)芯片驱动的计算机上。</blockquote></p><p> Then there are the glasses. NIO unveiled augmented reality glasses that are integrated with the car. “The visual experience is as good as a 201-inch screen at 6 meters away,” said NIO founder William Li. The glasses can display vehicle information. Drivers won’t have to look down to check speed. The glasses drew applause from the assembled crowd.</p><p><blockquote>然后是眼镜。蔚来推出了与汽车集成的增强现实眼镜。“视觉体验堪比6米外201英寸屏幕”，蔚来创始人William Li表示。眼镜可以显示车辆信息。司机不必低头检查速度。这副眼镜赢得了聚集人群的掌声。</blockquote></p><p> NIO plans to deliver the ET5 by September 2022. The company also provided an update about its new ET7 sedan. Deliveries of that model should begin in March 2022. The ET7 was unveiled at the company’s last big event in January 2021.</p><p><blockquote>蔚来计划在2022年9月之前交付ET5。该公司还提供了有关其新款ET7轿车的最新信息。该型号将于2022年3月开始交付。ET7于2021年1月在该公司的最后一次大型活动中亮相。</blockquote></p><p> NIO stock jumped 6.5% to more than $60 a share the Monday following that January event—and it could use another bump now. NIO stock has fallen 22% over the last month to $30. The&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;are down about 2% and 1% over the same span. NIO’s third-quarter earnings were fine. Earnings and deliveries don’t seem to be what’s troubling investors most.XPeng&nbsp;(XPEV) shares are down 12% over the past month.</p><p><blockquote>1月份事件发生后的周一，蔚来股价上涨6.5%，至每股60美元以上，现在可能需要再次上涨。蔚来股价上个月下跌22%至30美元。标准普尔500指数和道琼斯工业平均指数同期分别下跌约2%和1%。蔚来第三季度盈利良好。盈利和交付量似乎并不是最困扰投资者的。小鹏汽车(XPEV)股价在过去一个月下跌了12%。</blockquote></p><p> How the stock reacts to the new model, new technology and proposed delivery dates will say a lot about investor sentiment toward highly valued EV makers and U.S.-listed Chinese stocks in the coming weeks.</p><p><blockquote>该股对新车型、新技术和拟议交付日期的反应将在很大程度上反映未来几周投资者对高估值电动汽车制造商和在美国上市的中国股票的情绪。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/nio-stock-discussion-51639835281?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.barrons.com/articles/nio-stock-discussion-51639835281?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151315099","content_text":"Chinese electric vehicle maker NIO (ticker: NIO) hosted an event for car buyers—and investors—in China on Saturday morning Eastern time. A brand new model, to be delivered in 2022, was announced. And the technology NIO is packing into its cars is something to behold. There are even augmented reality glasses—like something out of an Avengers movie.\nThe new vehicle is the ET5 midsize sedan. It’s a higher-end model starting at about $50,000. With NIO’s battery as a service subscription, the initial purchase price is about $40,000. NIO will let car buyers pay a monthly fee, essentially, separating the battery purchase from the car purchase.\nThe new sedan comes with roughly 500 horsepower and will go zero to 60 miles an hour in about 4 seconds. It should be able to drive up to 430 miles per charge, a big number although Chinese and U.S. range statistics are reported differently.\nThe ET5 is also equipped with advanced safety features including lidar sensors.\nLidar is essentially laser-based radar and most auto makers believe lidar is one of the technologies required to achieve truly self-driving technology. The ET5 also comes equipped with the company’s latest self-driving software. NIO Autonomous Driving or NAD, as the company calls it, will maintain driving speeds and do some steering, but drivers still need to pay attention to the road at all times.\nAll the software for self-driving—and the software running other car systems—runs on a computer powered by Nvidia (NVDA) chips.\nThen there are the glasses. NIO unveiled augmented reality glasses that are integrated with the car. “The visual experience is as good as a 201-inch screen at 6 meters away,” said NIO founder William Li. The glasses can display vehicle information. Drivers won’t have to look down to check speed. The glasses drew applause from the assembled crowd.\nNIO plans to deliver the ET5 by September 2022. The company also provided an update about its new ET7 sedan. Deliveries of that model should begin in March 2022. The ET7 was unveiled at the company’s last big event in January 2021.\nNIO stock jumped 6.5% to more than $60 a share the Monday following that January event—and it could use another bump now. NIO stock has fallen 22% over the last month to $30. The S&P 500 and Dow Jones Industrial Average are down about 2% and 1% over the same span. NIO’s third-quarter earnings were fine. Earnings and deliveries don’t seem to be what’s troubling investors most.XPeng (XPEV) shares are down 12% over the past month.\nHow the stock reacts to the new model, new technology and proposed delivery dates will say a lot about investor sentiment toward highly valued EV makers and U.S.-listed Chinese stocks in the coming weeks.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608180196,"gmtCreate":1638665360734,"gmtModify":1638665360734,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/608180196","repostId":"1140678193","repostType":4,"isVote":1,"tweetType":1,"viewCount":512,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608180354,"gmtCreate":1638665339387,"gmtModify":1638665339387,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/608180354","repostId":"1174181873","repostType":4,"repost":{"id":"1174181873","kind":"news","pubTimestamp":1638578178,"share":"https://www.laohu8.com/m/news/1174181873?lang=zh_CN&edition=full","pubTime":"2021-12-04 08:36","market":"us","language":"en","title":"US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国IPO周：数字银行和云基础设施引领IPO周4</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174181873","media":"renaissancecap...","summary":"The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billi","content":"<p>The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.</p><p><blockquote>IPO市场预计将在未来一周回暖，预计将有四起IPO筹集37亿美元。</blockquote></p><p> Buffett-backed&nbsp;<b>Nu Holdings</b>(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.</p><p><blockquote>巴菲特支持<b>Nu控股</b>(NU)计划以411亿美元的市值筹集25亿美元。这家巴西纯在线银行成立于2013年，名为Nubank，旨在推出具有移动优先客户体验的免费信用卡产品，但此后已扩展到提供各种其他金融产品。Nu自成立以来发展迅速，目前拥有近5000万客户群，尽管随着客户群的增长，每个客户的收入一直在下降。</blockquote></p><p> Cloud infrastructure platform&nbsp;<b>HashiCorp</b>(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&amp;M spend.</p><p><blockquote>云基础设施平台<b>哈希公司</b>(HCP)计划以140亿美元的市值筹集11亿美元。这家风险投资支持的公司提供了一套解决方案，可标准化和自动化大规模云基础设施的配置、保护、连接和运行。尽管HashiCorp表现出快速增长和粘性客户群，但由于S&amp;M支出，HashiCorp非常无利可图。</blockquote></p><p> Cannabis finance REIT&nbsp;<b>Chicago Atlantic Real Estate Finance</b>(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.</p><p><blockquote>大麻金融房地产投资信托基金<b>芝加哥大西洋房地产金融</b>(REFI)计划以2.96亿美元的市值筹集1.06亿美元。这个新成立的房地产投资信托基金专注于发起、构建和投资由商业房地产担保的第一抵押贷款和另类结构性融资。其目前的投资组合包括向大麻行业国家许可运营商提供的高级贷款。</blockquote></p><p> Canadian gold exploration company&nbsp;<b>Austin Gold</b>(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.</p><p><blockquote>加拿大黄金勘探公司<b>奥斯汀·戈尔德</b>(AUST)计划以6400万美元的市值筹集1500万美元。这家加拿大黄金勘探公司目前拥有位于内华达州的四处地产的权益，目前只有一处地产被认为是重要的。迄今为止，奥斯汀黄金尚未产生任何营业收入。</blockquote></p><p></p>","source":"lsy1619493174116","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>US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国IPO周：数字银行和云基础设施引领IPO周4</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\">\nUS IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国IPO周：数字银行和云基础设施引领IPO周4</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">renaissancecap...</strong><span class=\"h-time small\">2021-12-04 08:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.</p><p><blockquote>IPO市场预计将在未来一周回暖，预计将有四起IPO筹集37亿美元。</blockquote></p><p> Buffett-backed&nbsp;<b>Nu Holdings</b>(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.</p><p><blockquote>巴菲特支持<b>Nu控股</b>(NU)计划以411亿美元的市值筹集25亿美元。这家巴西纯在线银行成立于2013年，名为Nubank，旨在推出具有移动优先客户体验的免费信用卡产品，但此后已扩展到提供各种其他金融产品。Nu自成立以来发展迅速，目前拥有近5000万客户群，尽管随着客户群的增长，每个客户的收入一直在下降。</blockquote></p><p> Cloud infrastructure platform&nbsp;<b>HashiCorp</b>(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&amp;M spend.</p><p><blockquote>云基础设施平台<b>哈希公司</b>(HCP)计划以140亿美元的市值筹集11亿美元。这家风险投资支持的公司提供了一套解决方案，可标准化和自动化大规模云基础设施的配置、保护、连接和运行。尽管HashiCorp表现出快速增长和粘性客户群，但由于S&amp;M支出，HashiCorp非常无利可图。</blockquote></p><p> Cannabis finance REIT&nbsp;<b>Chicago Atlantic Real Estate Finance</b>(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.</p><p><blockquote>大麻金融房地产投资信托基金<b>芝加哥大西洋房地产金融</b>(REFI)计划以2.96亿美元的市值筹集1.06亿美元。这个新成立的房地产投资信托基金专注于发起、构建和投资由商业房地产担保的第一抵押贷款和另类结构性融资。其目前的投资组合包括向大麻行业国家许可运营商提供的高级贷款。</blockquote></p><p> Canadian gold exploration company&nbsp;<b>Austin Gold</b>(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.</p><p><blockquote>加拿大黄金勘探公司<b>奥斯汀·戈尔德</b>(AUST)计划以6400万美元的市值筹集1500万美元。这家加拿大黄金勘探公司目前拥有位于内华达州的四处地产的权益，目前只有一处地产被认为是重要的。迄今为止，奥斯汀黄金尚未产生任何营业收入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89235/US-IPO-Week-Ahead-Digital-banking-and-cloud-infrastructure-lead-a-4-IPO-wee\">renaissancecap...</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":{"HCP":"HashiCorp, Inc.","NU":"Nu Holdings Ltd.","REFI":"Chicago Atlantic Real Estate Finance, Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/89235/US-IPO-Week-Ahead-Digital-banking-and-cloud-infrastructure-lead-a-4-IPO-wee","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174181873","content_text":"The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.\nBuffett-backed Nu Holdings(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.\nCloud infrastructure platform HashiCorp(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&M spend.\nCannabis finance REIT Chicago Atlantic Real Estate Finance(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.\nCanadian gold exploration company Austin Gold(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.","news_type":1,"symbols_score_info":{"NU":0.9,"HCP":0.9,"REFI":0.9}},"isVote":1,"tweetType":1,"viewCount":1061,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608017452,"gmtCreate":1638581342478,"gmtModify":1638581342478,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/608017452","repostId":"1174181873","repostType":4,"repost":{"id":"1174181873","kind":"news","pubTimestamp":1638578178,"share":"https://www.laohu8.com/m/news/1174181873?lang=zh_CN&edition=full","pubTime":"2021-12-04 08:36","market":"us","language":"en","title":"US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国IPO周：数字银行和云基础设施引领IPO周4</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174181873","media":"renaissancecap...","summary":"The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billi","content":"<p>The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.</p><p><blockquote>IPO市场预计将在未来一周回暖，预计将有四起IPO筹集37亿美元。</blockquote></p><p> Buffett-backed&nbsp;<b>Nu Holdings</b>(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.</p><p><blockquote>巴菲特支持<b>Nu控股</b>(NU)计划以411亿美元的市值筹集25亿美元。这家巴西纯在线银行成立于2013年，名为Nubank，旨在推出具有移动优先客户体验的免费信用卡产品，但此后已扩展到提供各种其他金融产品。Nu自成立以来发展迅速，目前拥有近5000万客户群，尽管随着客户群的增长，每个客户的收入一直在下降。</blockquote></p><p> Cloud infrastructure platform&nbsp;<b>HashiCorp</b>(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&amp;M spend.</p><p><blockquote>云基础设施平台<b>哈希公司</b>(HCP)计划以140亿美元的市值筹集11亿美元。这家风险投资支持的公司提供了一套解决方案，可标准化和自动化大规模云基础设施的配置、保护、连接和运行。尽管HashiCorp表现出快速增长和粘性客户群，但由于S&amp;M支出，HashiCorp非常无利可图。</blockquote></p><p> Cannabis finance REIT&nbsp;<b>Chicago Atlantic Real Estate Finance</b>(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.</p><p><blockquote>大麻金融房地产投资信托基金<b>芝加哥大西洋房地产金融</b>(REFI)计划以2.96亿美元的市值筹集1.06亿美元。这个新成立的房地产投资信托基金专注于发起、构建和投资由商业房地产担保的第一抵押贷款和另类结构性融资。其目前的投资组合包括向大麻行业国家许可运营商提供的高级贷款。</blockquote></p><p> Canadian gold exploration company&nbsp;<b>Austin Gold</b>(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.</p><p><blockquote>加拿大黄金勘探公司<b>奥斯汀·戈尔德</b>(AUST)计划以6400万美元的市值筹集1500万美元。这家加拿大黄金勘探公司目前拥有位于内华达州的四处地产的权益，目前只有一处地产被认为是重要的。迄今为止，奥斯汀黄金尚未产生任何营业收入。</blockquote></p><p></p>","source":"lsy1619493174116","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>US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国IPO周：数字银行和云基础设施引领IPO周4</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\">\nUS IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国IPO周：数字银行和云基础设施引领IPO周4</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">renaissancecap...</strong><span class=\"h-time small\">2021-12-04 08:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.</p><p><blockquote>IPO市场预计将在未来一周回暖，预计将有四起IPO筹集37亿美元。</blockquote></p><p> Buffett-backed&nbsp;<b>Nu Holdings</b>(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.</p><p><blockquote>巴菲特支持<b>Nu控股</b>(NU)计划以411亿美元的市值筹集25亿美元。这家巴西纯在线银行成立于2013年，名为Nubank，旨在推出具有移动优先客户体验的免费信用卡产品，但此后已扩展到提供各种其他金融产品。Nu自成立以来发展迅速，目前拥有近5000万客户群，尽管随着客户群的增长，每个客户的收入一直在下降。</blockquote></p><p> Cloud infrastructure platform&nbsp;<b>HashiCorp</b>(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&amp;M spend.</p><p><blockquote>云基础设施平台<b>哈希公司</b>(HCP)计划以140亿美元的市值筹集11亿美元。这家风险投资支持的公司提供了一套解决方案，可标准化和自动化大规模云基础设施的配置、保护、连接和运行。尽管HashiCorp表现出快速增长和粘性客户群，但由于S&amp;M支出，HashiCorp非常无利可图。</blockquote></p><p> Cannabis finance REIT&nbsp;<b>Chicago Atlantic Real Estate Finance</b>(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.</p><p><blockquote>大麻金融房地产投资信托基金<b>芝加哥大西洋房地产金融</b>(REFI)计划以2.96亿美元的市值筹集1.06亿美元。这个新成立的房地产投资信托基金专注于发起、构建和投资由商业房地产担保的第一抵押贷款和另类结构性融资。其目前的投资组合包括向大麻行业国家许可运营商提供的高级贷款。</blockquote></p><p> Canadian gold exploration company&nbsp;<b>Austin Gold</b>(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.</p><p><blockquote>加拿大黄金勘探公司<b>奥斯汀·戈尔德</b>(AUST)计划以6400万美元的市值筹集1500万美元。这家加拿大黄金勘探公司目前拥有位于内华达州的四处地产的权益，目前只有一处地产被认为是重要的。迄今为止，奥斯汀黄金尚未产生任何营业收入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89235/US-IPO-Week-Ahead-Digital-banking-and-cloud-infrastructure-lead-a-4-IPO-wee\">renaissancecap...</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":{"HCP":"HashiCorp, Inc.","NU":"Nu Holdings Ltd.","REFI":"Chicago Atlantic Real Estate Finance, Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/89235/US-IPO-Week-Ahead-Digital-banking-and-cloud-infrastructure-lead-a-4-IPO-wee","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174181873","content_text":"The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.\nBuffett-backed Nu Holdings(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.\nCloud infrastructure platform HashiCorp(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&M spend.\nCannabis finance REIT Chicago Atlantic Real Estate Finance(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.\nCanadian gold exploration company Austin Gold(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.","news_type":1,"symbols_score_info":{"NU":0.9,"HCP":0.9,"REFI":0.9}},"isVote":1,"tweetType":1,"viewCount":809,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603648874,"gmtCreate":1638408277576,"gmtModify":1638408277732,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/603648874","repostId":"1197247033","repostType":4,"repost":{"id":"1197247033","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":1638406745,"share":"https://www.laohu8.com/m/news/1197247033?lang=zh_CN&edition=full","pubTime":"2021-12-02 08:59","market":"hk","language":"en","title":"Razer will be privatized at a price of HK $2.82 per share<blockquote>雷蛇将以每股2.82港元的价格私有化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197247033","media":"Tiger Newspress","summary":"A consortium led by the founders of gaming equipment maker Razer Inc. have made an offer of up to 10","content":"<p>A consortium led by the founders of gaming equipment maker Razer Inc. have made an offer of up to 10.79 billion Hong Kong dollars (US$1.38 billion) to take the Hong Kong-listed company private.</p><p><blockquote>由游戏设备制造商Razer Inc.创始人领导的财团已提出高达107.9亿港元（13.8亿美元）的报价，将这家在香港上市的公司私有化。</blockquote></p><p> Private-equity firm CVC Capital Partners is part of the consortium, Razer said Thursday in a filing to the Hong Kong bourse.</p><p><blockquote>雷蛇周四在提交给香港交易所的一份文件中表示，私募股权公司CVC Capital Partners是该财团的一部分。</blockquote></p><p> The consortium is offering HK$2.82 a share to buy all shares it doesn't currently hold, representing a 5.6% premium to the stock's last closing price. The offer is final, Razer said.</p><p><blockquote>该财团出价每股2.82港元购买其目前未持有的所有股份，较该股最后收盘价溢价5.6%。雷蛇表示，报价是最终的。</blockquote></p><p> Razer, which sells gear for gamers such as keyboards and headphones and has bases in California and Singapore, was founded in 2005 and went public in 2017. Shares are up 12% this year, but remain well below their initial public offering price.</p><p><blockquote>Razer成立于2005年，2017年上市，为游戏玩家销售键盘和耳机等设备，在加州和新加坡设有基地。今年股价上涨了12%，但仍远低于首次公开募股价格。</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>Razer will be privatized at a price of HK $2.82 per share<blockquote>雷蛇将以每股2.82港元的价格私有化</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\">\nRazer will be privatized at a price of HK $2.82 per share<blockquote>雷蛇将以每股2.82港元的价格私有化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-02 08:59</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>A consortium led by the founders of gaming equipment maker Razer Inc. have made an offer of up to 10.79 billion Hong Kong dollars (US$1.38 billion) to take the Hong Kong-listed company private.</p><p><blockquote>由游戏设备制造商Razer Inc.创始人领导的财团已提出高达107.9亿港元（13.8亿美元）的报价，将这家在香港上市的公司私有化。</blockquote></p><p> Private-equity firm CVC Capital Partners is part of the consortium, Razer said Thursday in a filing to the Hong Kong bourse.</p><p><blockquote>雷蛇周四在提交给香港交易所的一份文件中表示，私募股权公司CVC Capital Partners是该财团的一部分。</blockquote></p><p> The consortium is offering HK$2.82 a share to buy all shares it doesn't currently hold, representing a 5.6% premium to the stock's last closing price. The offer is final, Razer said.</p><p><blockquote>该财团出价每股2.82港元购买其目前未持有的所有股份，较该股最后收盘价溢价5.6%。雷蛇表示，报价是最终的。</blockquote></p><p> Razer, which sells gear for gamers such as keyboards and headphones and has bases in California and Singapore, was founded in 2005 and went public in 2017. Shares are up 12% this year, but remain well below their initial public offering price.</p><p><blockquote>Razer成立于2005年，2017年上市，为游戏玩家销售键盘和耳机等设备，在加州和新加坡设有基地。今年股价上涨了12%，但仍远低于首次公开募股价格。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01337":"雷蛇"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197247033","content_text":"A consortium led by the founders of gaming equipment maker Razer Inc. have made an offer of up to 10.79 billion Hong Kong dollars (US$1.38 billion) to take the Hong Kong-listed company private.\nPrivate-equity firm CVC Capital Partners is part of the consortium, Razer said Thursday in a filing to the Hong Kong bourse.\nThe consortium is offering HK$2.82 a share to buy all shares it doesn't currently hold, representing a 5.6% premium to the stock's last closing price. The offer is final, Razer said.\nRazer, which sells gear for gamers such as keyboards and headphones and has bases in California and Singapore, was founded in 2005 and went public in 2017. Shares are up 12% this year, but remain well below their initial public offering price.","news_type":1,"symbols_score_info":{"01337":0.9}},"isVote":1,"tweetType":1,"viewCount":683,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871057758,"gmtCreate":1637012978992,"gmtModify":1637012978992,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/871057758","repostId":"2183027403","repostType":4,"isVote":1,"tweetType":1,"viewCount":580,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696845719,"gmtCreate":1640671355460,"gmtModify":1640671355721,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/696845719","repostId":"1127544468","repostType":4,"isVote":1,"tweetType":1,"viewCount":936,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698791494,"gmtCreate":1640528466746,"gmtModify":1640528466999,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698791494","repostId":"1144001147","repostType":4,"repost":{"id":"1144001147","kind":"news","pubTimestamp":1640485026,"share":"https://www.laohu8.com/m/news/1144001147?lang=zh_CN&edition=full","pubTime":"2021-12-26 10:17","market":"us","language":"en","title":"A Year After Announcing a Big Partnership, Ocugen Is in a Sorry State<blockquote>宣布大合作伙伴关系一年后，Ocugen的处境很糟糕</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144001147","media":"InvestorPlace","summary":"In the last year, Ocugen(NASDAQ:OCGN) stock is still among the top performers. During this period, t","content":"<p><div> In the last year, Ocugen(NASDAQ:OCGN) stock is still among the top performers. During this period, the stock has surged by over 500%. The stock’s ascent began after Dec. 21, 2020 — starting from there...</p><p><blockquote><div>去年，Ocugen（纳斯达克股票代码：OCGN）股票仍然是表现最好的股票之一。在此期间，该股已大涨超500%。该股的上涨始于2020年12月21日之后——从那里开始……</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/a-year-after-its-big-partnership-with-bharat-ocgn-stock-is-in-a-sorry-state/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/a-year-after-its-big-partnership-with-bharat-ocgn-stock-is-in-a-sorry-state/\">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>A Year After Announcing a Big Partnership, Ocugen Is in a Sorry State<blockquote>宣布大合作伙伴关系一年后，Ocugen的处境很糟糕</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\">\nA Year After Announcing a Big Partnership, Ocugen Is in a Sorry State<blockquote>宣布大合作伙伴关系一年后，Ocugen的处境很糟糕</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-26 10:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> In the last year, Ocugen(NASDAQ:OCGN) stock is still among the top performers. During this period, the stock has surged by over 500%. The stock’s ascent began after Dec. 21, 2020 — starting from there...</p><p><blockquote><div>去年，Ocugen（纳斯达克股票代码：OCGN）股票仍然是表现最好的股票之一。在此期间，该股已大涨超500%。该股的上涨始于2020年12月21日之后——从那里开始……</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/a-year-after-its-big-partnership-with-bharat-ocgn-stock-is-in-a-sorry-state/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/a-year-after-its-big-partnership-with-bharat-ocgn-stock-is-in-a-sorry-state/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/a-year-after-its-big-partnership-with-bharat-ocgn-stock-is-in-a-sorry-state/\">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":{"OCGN":"Ocugen"},"source_url":"https://investorplace.com/2021/12/a-year-after-its-big-partnership-with-bharat-ocgn-stock-is-in-a-sorry-state/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144001147","content_text":"In the last year, Ocugen(NASDAQ:OCGN) stock is still among the top performers. During this period, the stock has surged by over 500%. The stock’s ascent began after Dec. 21, 2020 — starting from there, the stock is up over 1,600%.\nHowever, it’s worth noting that OCGN stock was trading well below one dollar before it stitched a partnership with Bharat Biotech. The companies announced plans to begin manufacturing Covid-19 vaccines in the U.S. on Dec. 22 last year.\nBeyond the news of this partnership, there has been little to cheer for investors. OCGN stock traded at all-time highs of $18.77 in February and reached slightly lower peaks in May and November. The stock traded at $5.12 at the start of Dec. 23.\nOcugen will continue to underperform going forward. Even after the downtrend in the last few months, OCGN stock should be avoided.\nLet’s talk about the reasons to be bearish.\nFDA Approval Remains Elusive\nPfizer(NYSE:PFE) and Moderna(NASDAQ:MRNA) have been leaders in the vaccine race in the U.S. In a country where more than 70% of the population has already been vaccinated, Ocugen has yet to secure an approval from the U.S. Food and Drug Administration.\nBack in June, the biotech company’s application for emergency use authorization was rejected by the FDA. The recommendation by the FDA was to file for a biologics license application, which implies full approval.\nIn November, Ocugen announced that the FDA has “issued a clinical hold on the Company’s Investigational New Drug application (IND) to evaluate the COVID-19 vaccine candidate.” The FDA will be identifying the specific deficiencies that form a basis for the clinical hold. Once Ocugen addresses these deficiencies, there will be some progress.\nThe key point is that it’s been over a year since Ocugen announced the partnership with Bharat Biotech. The company has still been unsuccessful from an approval perspective.\nIn July, Ocugen had also initiated a rolling submission to Health Canada for the vaccine. There is no positive news on that front either.\nLet’s imagine a scenario where Ocugen receives an approval for vaccine use in Q1 2022. This is very unlikely. However, even in an optimistic case scenario, Ocugen needs to compete in a market where vaccination percentage is high. There is unlikely to be a case for strong revenue and cash flow growth.\nCan Omicron Provide a Lifeline for OCGN Stock?\nThe omicron variant has been a cause of concern for governments globally. Ocugen and partner Bharat Biotech are currently studying the effectiveness of the vaccine against the variant.\nIf the vaccine proves to be effective, can it be a game-changer for Ocugen? Most likely, no.\nFirst and foremost, Moderna has announced that its Covid-19 booster increases neutralizing antibodies 37-fold against Omicron variant.\nFurthermore, Pfizer has announced that a third dose increases the “neutralizing antibody by 25-fold compared to two doses against the Omicron variant.”\nClearly, the leading vaccine makers have an edge. Even if Ocugen announces that its vaccine is effective against the omicron variant, the stock is unlikely to trend higher.\nPeople who have already taken two shots of Moderna or Pfizer are unlikely to pursue a booster shot with Ocugen. Additionally, Ocugen is still struggling for approval.\nIt’s also worth noting that Ocugen needs to share revenue with Bharat Biotech. The visibility for healthy cash flows is therefore very unlikely.\nOCGN Stock Will Trend Lower\nOCGN stock is likely to continue trending lower in the coming months. Without an approval, the company is rapidly losing out on any revenue and cash flow potential.\nThe company is building a pipeline of drugs for various indications. However, the pipeline for various indications is still at a pre-clinical stage.\nThe stock trend will therefore be dictated by the outcome of Covid-19 vaccine approval and revenue potential. Things seem bleak on that front.\nIt also seems unlikely that Ocugen has a capability to expand the vaccine partnership with Bharat Biotech to other countries.","news_type":1,"symbols_score_info":{"OCGN":0.9}},"isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691476046,"gmtCreate":1640234363148,"gmtModify":1640234363351,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Oo","listText":"Oo","text":"Oo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/691476046","repostId":"1164467804","repostType":4,"repost":{"id":"1164467804","kind":"news","pubTimestamp":1640230809,"share":"https://www.laohu8.com/m/news/1164467804?lang=zh_CN&edition=full","pubTime":"2021-12-23 11:40","market":"us","language":"en","title":"Are there any bubbles in Apple stock?<blockquote>苹果股票有泡沫吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164467804","media":"Seeking Alpha","summary":"Apple stock has risen 34% this year, beating the NASDAQ 100 by a wide margin.This has led some to say that the stock is in a bubble, as its price is rising rapidly.However, Apple's stock price gains are about in line with revenue growth, and actually slower than the most recent quarter's EPS growth.In this article, I will develop a bullish thesis on Apple, arguing that it has a wide moat that will power future growth and profitability.Apple Inc. stock has delivered a solid performance in 2021. U","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Apple stock has risen 34% this year, beating the NASDAQ 100 by a wide margin.</li>  <li>This has led some to say that the stock is in a bubble, as its price is rising rapidly.</li>  <li>However, Apple's stock price gains are about in line with revenue growth, and actually slower than the most recent quarter's EPS growth.</li>  <li>In this article, I will develop a bullish thesis on Apple, arguing that it has a wide moat that will power future growth and profitability.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9e9d29c6db997dd98e087415e7e2acfe\" tg-width=\"1536\" tg-height=\"1036\" referrerpolicy=\"no-referrer\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><ul><li>苹果股价今年已上涨34%，大幅跑赢纳斯达克100指数。</li><li>这导致一些人说该股存在泡沫，因为其价格正在迅速上涨。</li><li>然而，苹果的股价涨幅与收入增长大致一致，实际上慢于最近一个季度的每股收益增长。</li><li>在本文中，我将对苹果提出看涨论点，认为它拥有宽阔的护城河，将推动未来的增长和盈利能力。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> <b>Apple Inc.</b>(AAPL) stock has delivered a solid performance in 2021. Up 35% for the year, it has solidly outperformed both the NASDAQ 100 and the S&amp;P 500. The latest in a long streak of winning years for the company, Apple’s 2021 shows that a stock is never too big to beat the market.</p><p><blockquote><b>苹果公司。</b>(AAPL)股票在2021年表现稳健。该指数今年上涨了35%，表现强劲，优于纳斯达克100指数和标普500。苹果的2021年业绩是该公司长期获胜的最新一年，它表明股票永远不会太大而无法击败市场。</blockquote></p><p> With that said, there’s no shortage of people who think Apple’s winning run is due for a correction. In recent weeks, we’ve seen a deluge of articles claiming that AAPL is overvalued, with titles like:</p><p><blockquote>话虽如此，仍有不少人认为苹果的胜利应该得到修正。最近几周，我们看到大量文章声称AAPL被高估，标题如下：</blockquote></p><p> <ul>  <li><i>“Apple Stock is Now a Bubble.”</i></p><p><blockquote><ul><li><i>“苹果股票现在是泡沫。”</i></li></ul></blockquote></p><p></li>  <li><i>“Why Apple Stock May Be a Bubble That’s Ready to Burst.”</i></p><p><blockquote><li><i>“为什么苹果股票可能是一个即将破裂的泡沫。”</i></li></blockquote></p><p></li>  <li><i>“Sell AAPL? Why This Expert Sees Apple Stock Dipping 12%”</i></p><p><blockquote><li><i>“出售AAPL？为什么这位专家认为苹果股价下跌12%”</i></li></blockquote></p><p></li> </ul> Not all of these articles have been unambiguously bearish. A few mention positives along with negatives. But generally speaking, the sentiment that Apple is a bubble, or at least overvalued, is becoming common. If you look at&nbsp;TipRanks’ sentiment chart, it shows decisively negative sentiment toward Apple stock.</p><p><blockquote>并非所有这些文章都明确悲观。一些人提到了积极的一面和消极的一面。但总体而言，认为苹果是泡沫，或者至少被高估的情绪正在变得普遍。如果你看看TipRanks的情绪图表，就会发现对苹果股票的情绪明显负面。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce8357bc3eaf626336dbf12b2ff1f410\" tg-width=\"485\" tg-height=\"457\" referrerpolicy=\"no-referrer\"><span>Source: TipRanks’ sentiment chart</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：TipRanks情绪图</span></p></blockquote></p><p> The bearishness of investor sentiment toward Apple becomes clear when we compare it to the sentiment toward&nbsp;<b>Meta Platforms</b>(FB). Meta, a company that is being sued for antitrust violations and getting attacked in the press daily, has a nearly perfect sentiment score. So there is no special tech curse that guarantees negative sentiment toward individual stocks in the sector. Apple’s sentiment problem is indeed its own problem.</p><p><blockquote>当我们将投资者对苹果的悲观情绪与对<b>元平台</b>（FB）。Meta是一家因违反反垄断法而被起诉并每天受到媒体攻击的公司，其情绪得分几乎完美。因此，没有什么特殊的科技诅咒可以保证对该行业个股的负面情绪。苹果的情绪问题确实是自己的问题。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/68bc8cf3f8fc200c2b7a9c85e69cc9f2\" tg-width=\"488\" tg-height=\"461\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Which begs the question:</p><p><blockquote>这就引出了一个问题：</blockquote></p><p> <i>Why?</i></p><p><blockquote><i>为什么？</i></blockquote></p><p> Apple is a wide-moat stock, one of the few tech companies that controls both hardware and software for most of its users. Many companies have attempted to copy Apple’s strategy of maximizing revenue by integrating hardware and apps, but few have succeeded at it. If you want the IOS or Mac OS experience, you need an iPhone or Mac. And billions of people want those experiences enough to pay top dollar for Apple’s products. Few other tech companies have that advantage –&nbsp;<b>Nintendo</b>(OTCPK:NTDOY) being one exception, if you count gaming as tech.</p><p><blockquote>苹果是一只拥有宽护城河的股票，是少数几家同时控制大多数用户硬件和软件的科技公司之一。许多公司都试图复制苹果通过整合硬件和应用程序来实现收入最大化的策略，但很少有人成功。如果你想要IOS或Mac OS体验，你需要一部iPhone或Mac。数十亿人想要这些体验，足以支付高价购买苹果的产品。很少有其他科技公司拥有这样的优势——<b>任天堂</b>(OTCPK：NTDOY)如果您将游戏视为技术，则是一个例外。</blockquote></p><p> This makes Apple arguably a&nbsp;wide-moat stock. You need Apple hardware to run Apple software, and people like Apple software. This gives Apple a “monopoly” on a certain collection of software experiences. It does not have a monopoly on any particular device category, but it’s the only company that can provide the integrated&nbsp;Apple ecosystem.</p><p><blockquote>这使得苹果可以说是一只拥有宽阔护城河的股票。你需要苹果硬件来运行苹果软件，人们喜欢苹果软件。这使得苹果“垄断”了某一套软件体验。它并不垄断任何特定的设备类别，但它是唯一一家能够提供集成苹果生态系统的公司。</blockquote></p><p> This advantage has paid dividends to Apple shareholders – both figuratively and literally. Apple is the world’s biggest company by market cap and the&nbsp;fourth-biggest by revenue. Its revenue growth rate has slowed in recent years, but certain segments (such as watches and services) are growing faster than ever. It appears, then, that Apple still has the potential for significant profitability and growth. Accordingly, I’ll develop a bullish thesis on Apple in this article, arguing that its solid economic moat provides potential for its stock to appreciate in the future.</p><p><blockquote>这一优势为苹果股东带来了红利——无论是象征性的还是字面上的。按市值计算，苹果是全球最大的公司，按收入计算，它是全球第四大公司。近年来，其收入增长率有所放缓，但某些细分市场（如手表和服务）的增长速度比以往任何时候都快。因此，苹果似乎仍然具有显着盈利和增长的潜力。因此，我将在本文中对苹果提出看涨论点，认为其坚实的经济护城河为其股票未来升值提供了潜力。</blockquote></p><p> <b>Competitive Landscape</b></p><p><blockquote><b>竞争格局</b></blockquote></p><p> One of the most important things to understand about Apple is its competitive position. The company operates in such a wide variety of different markets that it’s hard to pin down its business beyond simply “tech.” Technically, the company’s SIC Code (industry classification) is 7372, denoting “prepackaged software.” However, this doesn’t capture the full extent of Apple’s business activities, as it’s also involved in hardware, semiconductors,payments&nbsp;and entertainment.</p><p><blockquote>了解苹果最重要的一点是它的竞争地位。该公司在如此广泛的不同市场开展业务，以至于很难确定其业务不仅仅是“技术”。从技术上讲，该公司的SIC代码（行业分类）是7372，表示“预打包软件”。然而，这并没有涵盖苹果业务活动的全部范围，因为它还涉及硬件、半导体、支付和娱乐。</blockquote></p><p> Some of Apple’s most noteworthy competitors include:</p><p><blockquote>苹果最值得注意的一些竞争对手包括：</blockquote></p><p> <ul>  <li><b>Samsung</b>(OTC:SSNLF) - smartphones.</p><p><blockquote><ul><li><b>三星</b>（场外交易代码：SSNLF）-智能手机。</li></ul></blockquote></p><p></li>  <li><b>Huawei</b>- smartphones.</p><p><blockquote><li><b>华为</b>-智能手机。</li></blockquote></p><p></li>  <li><b>Alphabet</b>(GOOG) - smartphones, laptops, and software.</p><p><blockquote><li><b>Alphabet</b>(GOOG)-智能手机、笔记本电脑和软件。</li></blockquote></p><p></li>  <li><b>Microsoft</b>(MSFT) - laptops.</p><p><blockquote><li><b>微软</b>（MSFT）-笔记本电脑。</li></blockquote></p><p></li>  <li><b>Dell</b>(NYSE:DELL)- laptops.</p><p><blockquote><li><b>戴尔</b>（纽约证券交易所代码：戴尔）-笔记本电脑。</li></blockquote></p><p></li>  <li><b>Adobe</b>(ADBE) - creative software.</p><p><blockquote><li><b>土坯</b>（ADBE）-创意软件。</li></blockquote></p><p></p><p></li>  <li>And many more.</p><p><blockquote><li>还有更多。</li></blockquote></p><p></li> </ul> A comprehensive list of Apple’s competitors would be impossible to come up with, because the company operates in so many different verticals. In addition to all the names above, Apple is arguably in competition with the big semi companies, as it sells phones and laptops with Apple chips. Apple is one of the most comprehensive tech companies around, with a massive lineup of hardware, software and services, putting it in tacit competition with dozens of companies.</p><p><blockquote>苹果的竞争对手的全面名单是不可能的，因为该公司在许多不同的垂直领域开展业务。除了上述所有名称之外，苹果可以说还在与大型半导体公司竞争，因为它销售采用苹果芯片的手机和笔记本电脑。苹果是最全面的科技公司之一，拥有庞大的硬件、软件和服务阵容，使其与数十家公司展开默契竞争。</blockquote></p><p> How is Apple doing in the industries it competes in? According to&nbsp;Counterpoint Research&nbsp;and Statista, Apple’s market shares include:</p><p><blockquote>苹果在其竞争的行业中表现如何？根据Counterpoint Research和Statista的数据，苹果的市场份额包括：</blockquote></p><p> <ul>  <li>Smartphones: 47% in the US and 14% globally.</p><p><blockquote><ul><li>智能手机：美国占47%，全球占14%。</li></ul></blockquote></p><p></li>  <li>Laptops: 15% in the US and 7.6% globally.</p><p><blockquote><li>笔记本电脑：美国15%，全球7.6%。</li></blockquote></p><p></li>  <li>Smartwatches: over 50% globally.</p><p><blockquote><li>智能手表：全球超过50%。</li></blockquote></p><p></li>  <li>Tablets: 35% globally.</p><p><blockquote><li>平板电脑：全球35%。</li></blockquote></p><p></li> </ul> On the whole, Apple is in first or second place in most of its markets. It’s behind Samsung on smartphone sales but it leads in watches and tablets. This is a pretty good market position. And it could grow over time. Some of Apple’s product categories are still fairly new. The company only just recently broke into smart watches and&nbsp;sales in the category are growing at 50%. Apple has taken heat lately for its slowing growth, but certain products within the company’s lineup are growing faster than ever. This provides potential for strong growth well into the future.</p><p><blockquote>总体而言，苹果在其大部分市场都处于第一或第二的位置。它在智能手机销量方面落后于三星，但在手表和平板电脑方面领先。这是一个相当不错的市场地位。它可能会随着时间的推移而增长。苹果的一些产品类别仍然相当新。该公司最近才涉足智能手表领域，该类别的销售额正以50%的速度增长。苹果最近因增长放缓而受到批评，但该公司产品线中的某些产品增长速度比以往任何时候都快。这为未来的强劲增长提供了潜力。</blockquote></p><p> <b>The M1 Chip and Apple Services</b></p><p><blockquote><b>M1芯片和苹果服务</b></blockquote></p><p> Speaking of future growth, it’s worth exploring two of Apple’s most promising categories:</p><p><blockquote>说到未来的增长，值得探索苹果最有前途的两个类别：</blockquote></p><p> <i>The M1 Chip and Apple Services.</i></p><p><blockquote><i>M1芯片和苹果服务。</i></blockquote></p><p> The M1 Chip (really the M1 family of chips now) is a new chip designed by Apple based on ARM architecture. The base configuration boasts:</p><p><blockquote>M1芯片（现在实际上是M1家族芯片）是苹果基于ARM架构设计的新型芯片。基本配置拥有：</blockquote></p><p> <ul>  <li>An 8-core CPU.</p><p><blockquote><ul><li>一个8核CPU。</li></ul></blockquote></p><p></li>  <li>A 7-core GPU.</p><p><blockquote><li>7核GPU。</li></blockquote></p><p></li>  <li>8 or 16 gigs of RAM (physically built into the chip).</p><p><blockquote><li>8或16 GB内存（物理内置在芯片中）。</li></blockquote></p><p></li>  <li>5nm process.</p><p><blockquote><li>5nm工艺。</li></blockquote></p><p></li>  <li>16 billion transistors.</p><p><blockquote><li>160亿个晶体管。</li></blockquote></p><p></li>  <li>3.2 GHZ max clock rate.</p><p><blockquote><li>3.2 GHZ最大时钟速率。</li></blockquote></p><p></li> </ul> Incredible specs. And on top of that, there are two new models–the M1 Pro and M1 Max–that offer improvements on the base model. It would be tedious to list detailed spec sheets for these higher end models, but one eye-popping stat is the M1 Max’s 57 billion transistors. This competes with the CPUs included in extremely high end gaming PCs. And of course, that makes newer Macs themselves viable as gaming rigs, as countless&nbsp;YouTube reviewers have noted. Apple already has a sizable market share in laptops and desktops, but with the M1 chip family, it now has a shot at capturing the gaming segment as well. Until now, that market segment has proven elusive to Apple. So, there is significant potential for accelerating growth in Apple’s computer lineup.</p><p><blockquote>难以置信的规格。除此之外，还有两款新型号——M1 Pro和M1 Max——对基本型号进行了改进。列出这些高端型号的详细规格表会很乏味，但一个令人瞠目结舌的统计数据是M1 Max的570亿个晶体管。这与极高端游戏PC中包含的CPU竞争。当然，正如无数YouTube评论者指出的那样，这使得较新的MAC电脑本身可以作为游戏装备。苹果在笔记本电脑和台式机领域已经拥有相当大的市场份额，但凭借M1芯片系列，它现在也有机会占领游戏领域。到目前为止，事实证明，这一细分市场对苹果来说是难以捉摸的。因此，苹果电脑产品线的加速增长潜力巨大。</blockquote></p><p> Next up is Apple services. This is a broad category that includes streaming music, movies, books and more. This category is always expanding and could potentially drive more growth after hardware growth slows down. In the most recent quarter, service growth actually&nbsp;lagged product growth, at 25% vs 30% for the latter. However, services are promising because they’re a category that could continue to grow even after hardware products reach their total addressable market. Global smartphone sales have been&nbsp;flat-lining after years of strong growth. In this environment, it would be unrealistic to expect Apple’s hardware sales to grow as fast as they did in the past. But by selling more services to existing customers, Apple can keep growing its total revenue even as hardware sales underwhelm.</p><p><blockquote>接下来是苹果服务。这是一个广泛的类别，包括流媒体音乐、电影、书籍等。这一类别一直在扩大，并可能在硬件增长放缓后推动更多增长。在最近一个季度，服务增长实际上落后于产品增长，为25%，而后者为30%。然而，服务是有前途的，因为即使在硬件产品达到其总目标市场之后，它们也可以继续增长。经过多年的强劲增长，全球智能手机销量一直持平。在这种环境下，期望苹果的硬件销售像过去那样快速增长是不现实的。但通过向现有客户销售更多服务，苹果可以在硬件销售不佳的情况下保持总收入增长。</blockquote></p><p> <b>Financials and Valuation</b></p><p><blockquote><b>财务和估值</b></blockquote></p><p> Now we can turn to Apple’s financials.</p><p><blockquote>现在我们可以转向苹果的财务状况。</blockquote></p><p> Apple’s most recent quarter was a&nbsp;miss on both revenue and earnings; however, the results were strong in absolute terms. In the quarter, Apple delivered:</p><p><blockquote>苹果最近一个季度的收入和盈利均未达到预期；然而，从绝对值来看，结果是强劲的。本季度，苹果交付了：</blockquote></p><p> <ul>  <li>$83 billion in revenue, up 29%.</p><p><blockquote><ul><li>营收830亿美元，增长29%。</li></ul></blockquote></p><p></li>  <li>$27.3 billion in operating income, up 60%.</p><p><blockquote><li>营业收入273亿美元，增长60%。</li></blockquote></p><p></li>  <li>$20.5 billion in net income, up 63%.</p><p><blockquote><li>净利润205亿美元，增长63%。</li></blockquote></p><p></li>  <li>$1.24 in diluted EPS, up 69%.</p><p><blockquote><li>稀释后每股收益为1.24美元，增长69%。</li></blockquote></p><p></li> </ul> The company also reported $104 billion in TTM cash from operations in its fourth quarter report. That was up 28% from the year before.</p><p><blockquote>该公司还在第四季度报告中报告了1040亿美元的TTM运营现金。这比去年增长了28%。</blockquote></p><p> These were pretty solid results. Especially for a mature company. Apple is the biggest company in the world by market cap, yet its revenue and earnings are both up by growth stock levels. And this one quarter wasn’t a fluke. According to&nbsp;Seeking Alpha Quant, Apple’s five-year CAGR growth rates in the metrics listed above are:</p><p><blockquote>这些都是相当可靠的结果。尤其是对于一家成熟的公司来说。按市值计算，苹果是世界上最大的公司，但其收入和盈利均以成长型股票的水平增长。这一个季度并非侥幸。根据Seeking Alpha Quant的数据，苹果上述指标的五年复合年增长率为：</blockquote></p><p> <ul>  <li>Revenue: 11%.</p><p><blockquote><ul><li>收入：11%。</li></ul></blockquote></p><p></li>  <li>Operating income: 12.7%.</p><p><blockquote><li>营业收入：12.7%。</li></blockquote></p><p></li>  <li>Net income: 15.7%.</p><p><blockquote><li>净利润：15.7%。</li></blockquote></p><p></li>  <li>Diluted EPS: 22%.</p><p><blockquote><li>稀释后每股收益：22%。</li></blockquote></p><p></li>  <li>Cash flow: 10.7%.</p><p><blockquote><li>现金流：10.7%。</li></blockquote></p><p></li> </ul> Again very solid for a mature company. It does look like the most recent quarter was better than average, but the long-term metrics are still very good. Which gets to the heart of this article’s thesis:</p><p><blockquote>对于一家成熟的公司来说，这也是非常可靠的。最近一个季度看起来确实好于平均水平，但长期指标仍然非常好。这就抓住了本文论点的核心：</blockquote></p><p></p><p> Apple is definitely not a bubble stock. Its valuation is fairly steep, as it trades at 30 times earnings, 7.7 times sales, and 26 times cash flow. But the company still has plenty of growth potential. Compounded annually, its earnings are growing at 22%, and as the most recent quarter showed, it has room for acceleration. If you factor in both growth and value, you get a&nbsp;PEG ratio of just 0.43&nbsp;for the trailing 12-month period. That’s far from a bubble valuation. In fact, it looks downright cheap.</p><p><blockquote>苹果绝对不是泡沫股。其估值相当高，市盈率为30倍，销售额为7.7倍，现金流为26倍。但该公司仍有很大的增长潜力。按年复合计算，其盈利以22%的速度增长，正如最近一个季度所显示的那样，它还有加速的空间。如果同时考虑增长和价值，过去12个月的PEG比率仅为0.43。这远非泡沫估值。事实上，它看起来非常便宜。</blockquote></p><p> <b>Risks and Challenges</b></p><p><blockquote><b>风险与挑战</b></blockquote></p><p> While Apple is definitely an ultra-profitable company with strong growth and a moderate valuation, its stock is not without its risks. As a major hardware company, it is vulnerable to supply chain issues, and other shocks. Some major risks and challenges to the bullish thesis outlined in this article include:</p><p><blockquote>虽然苹果绝对是一家增长强劲、估值适中的超盈利公司，但其股票并非没有风险。作为一家主要的硬件公司，它很容易受到供应链问题和其他冲击的影响。本文概述的看涨论点面临的一些主要风险和挑战包括：</blockquote></p><p> <ul>  <li><b>Supply chain issues.</b>The world is currently going through a chip shortage, as well as shortages of various other hi-tech parts. These problems are affecting Apple. Just recently, the company&nbsp;slashed iPhone production&nbsp;because of supply chain issues. That right before the crucial Holiday season, no less. These kinds of problems are an ever-present threat for a hardware company like Apple, which depends on a ready supply of raw materials to keep sales flowing.</p><p><blockquote><ul><li><b>供应链问题。</b>世界目前正在经历芯片短缺，以及各种其他高科技部件的短缺。这些问题正在影响苹果。就在最近，由于供应链问题，该公司大幅削减了iPhone产量。就在关键的假期之前。对于像苹果这样的硬件公司来说，这类问题是一个始终存在的威胁，该公司依赖于现成的原材料供应来保持销售流动。</li></ul></blockquote></p><p></li>  <li><b>Scale.</b>Mathematically, the bigger something gets, the larger of an increase is needed to drive percentage gains equal to past ones. If you start selling $1,000 widgets and sell one your first year, you double your sales just by selling $2,000 worth the next year. If, however, ten years later, you’re selling $332 billion worth, you need customers to come up with $664 billion in the eleventh year to achieve the same growth. This is mathematically unlikely. And as it just so happens, Apple’s $83 billion Q4 revenue annualizes to $332 billion. So growth will be harder to achieve going forward.</p><p><blockquote><li><b>比例。</b>从数学上讲，某物变得越大，需要的增幅就越大，才能推动与过去持平的百分比增长。如果你开始销售1000美元的小工具，第一年就卖出了一个，那么第二年只要卖出价值2000美元的小工具，你的销售额就会翻倍。然而，如果十年后，你的销售额为3320亿美元，你需要客户在第十一年拿出6640亿美元来实现同样的增长。这在数学上是不太可能的。碰巧的是，苹果第四季度830亿美元的年收入达到了3320亿美元。因此，未来将更难实现增长。</li></blockquote></p><p></li>  <li><b>Disruption.</b>Apple’s business model requires that it stay on the leading edge of tech innovation. If another company comes out with something decisively superior to the iPhone, that could kill Apple’s business overnight. Apple itself&nbsp;did this once, to&nbsp;<b>BlackBerry</b>(BB), makers of the ill-fated BlackBerry Smartphone. The history of the tech industry is littered with companies eating each other's lunch, and while Apple has billions to spend on R&amp;D, you never know where the next threat will come from.</p><p><blockquote><li><b>中断。</b>苹果的商业模式要求它保持在技术创新的前沿。如果另一家公司推出了明显优于iPhone的产品，这可能会在一夜之间扼杀苹果的业务。苹果自己也做过一次，为了<b>黑莓</b>（BB），命运多舛的黑莓智能手机制造商。科技行业的历史上充斥着公司互相吃午餐的情况，尽管苹果在研发上投入了数十亿美元，但你永远不知道下一个威胁会来自哪里。</li></blockquote></p><p></li> </ul> The above are some very real risks for investors to keep in mind. The supply chain risk, in particular, is very real, having been cited as a problem in several quarterly reports. With that said, Apple stock has an incredible moat, decent growth, and a not-unreasonable valuation. This is definitely not a stock to short. And while the gains realized by longs will not be as good in the future as they were in the past, they should still be decent.</p><p><blockquote>以上是投资者需要牢记的一些非常真实的风险。尤其是供应链风险是非常真实的，在几份季度报告中都被认为是一个问题。话虽如此，苹果股票拥有令人难以置信的护城河、良好的增长和并非不合理的估值。这绝对不是一只值得做空的股票。虽然多头实现的收益在未来不会像过去那么好，但它们应该仍然不错。</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>Are there any bubbles in Apple stock?<blockquote>苹果股票有泡沫吗？</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\">\nAre there any bubbles in Apple stock?<blockquote>苹果股票有泡沫吗？</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\">2021-12-23 11:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Apple stock has risen 34% this year, beating the NASDAQ 100 by a wide margin.</li>  <li>This has led some to say that the stock is in a bubble, as its price is rising rapidly.</li>  <li>However, Apple's stock price gains are about in line with revenue growth, and actually slower than the most recent quarter's EPS growth.</li>  <li>In this article, I will develop a bullish thesis on Apple, arguing that it has a wide moat that will power future growth and profitability.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9e9d29c6db997dd98e087415e7e2acfe\" tg-width=\"1536\" tg-height=\"1036\" referrerpolicy=\"no-referrer\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><ul><li>苹果股价今年已上涨34%，大幅跑赢纳斯达克100指数。</li><li>这导致一些人说该股存在泡沫，因为其价格正在迅速上涨。</li><li>然而，苹果的股价涨幅与收入增长大致一致，实际上慢于最近一个季度的每股收益增长。</li><li>在本文中，我将对苹果提出看涨论点，认为它拥有宽阔的护城河，将推动未来的增长和盈利能力。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> <b>Apple Inc.</b>(AAPL) stock has delivered a solid performance in 2021. Up 35% for the year, it has solidly outperformed both the NASDAQ 100 and the S&amp;P 500. The latest in a long streak of winning years for the company, Apple’s 2021 shows that a stock is never too big to beat the market.</p><p><blockquote><b>苹果公司。</b>(AAPL)股票在2021年表现稳健。该指数今年上涨了35%，表现强劲，优于纳斯达克100指数和标普500。苹果的2021年业绩是该公司长期获胜的最新一年，它表明股票永远不会太大而无法击败市场。</blockquote></p><p> With that said, there’s no shortage of people who think Apple’s winning run is due for a correction. In recent weeks, we’ve seen a deluge of articles claiming that AAPL is overvalued, with titles like:</p><p><blockquote>话虽如此，仍有不少人认为苹果的胜利应该得到修正。最近几周，我们看到大量文章声称AAPL被高估，标题如下：</blockquote></p><p> <ul>  <li><i>“Apple Stock is Now a Bubble.”</i></p><p><blockquote><ul><li><i>“苹果股票现在是泡沫。”</i></li></ul></blockquote></p><p></li>  <li><i>“Why Apple Stock May Be a Bubble That’s Ready to Burst.”</i></p><p><blockquote><li><i>“为什么苹果股票可能是一个即将破裂的泡沫。”</i></li></blockquote></p><p></li>  <li><i>“Sell AAPL? Why This Expert Sees Apple Stock Dipping 12%”</i></p><p><blockquote><li><i>“出售AAPL？为什么这位专家认为苹果股价下跌12%”</i></li></blockquote></p><p></li> </ul> Not all of these articles have been unambiguously bearish. A few mention positives along with negatives. But generally speaking, the sentiment that Apple is a bubble, or at least overvalued, is becoming common. If you look at&nbsp;TipRanks’ sentiment chart, it shows decisively negative sentiment toward Apple stock.</p><p><blockquote>并非所有这些文章都明确悲观。一些人提到了积极的一面和消极的一面。但总体而言，认为苹果是泡沫，或者至少被高估的情绪正在变得普遍。如果你看看TipRanks的情绪图表，就会发现对苹果股票的情绪明显负面。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce8357bc3eaf626336dbf12b2ff1f410\" tg-width=\"485\" tg-height=\"457\" referrerpolicy=\"no-referrer\"><span>Source: TipRanks’ sentiment chart</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：TipRanks情绪图</span></p></blockquote></p><p> The bearishness of investor sentiment toward Apple becomes clear when we compare it to the sentiment toward&nbsp;<b>Meta Platforms</b>(FB). Meta, a company that is being sued for antitrust violations and getting attacked in the press daily, has a nearly perfect sentiment score. So there is no special tech curse that guarantees negative sentiment toward individual stocks in the sector. Apple’s sentiment problem is indeed its own problem.</p><p><blockquote>当我们将投资者对苹果的悲观情绪与对<b>元平台</b>（FB）。Meta是一家因违反反垄断法而被起诉并每天受到媒体攻击的公司，其情绪得分几乎完美。因此，没有什么特殊的科技诅咒可以保证对该行业个股的负面情绪。苹果的情绪问题确实是自己的问题。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/68bc8cf3f8fc200c2b7a9c85e69cc9f2\" tg-width=\"488\" tg-height=\"461\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Which begs the question:</p><p><blockquote>这就引出了一个问题：</blockquote></p><p> <i>Why?</i></p><p><blockquote><i>为什么？</i></blockquote></p><p> Apple is a wide-moat stock, one of the few tech companies that controls both hardware and software for most of its users. Many companies have attempted to copy Apple’s strategy of maximizing revenue by integrating hardware and apps, but few have succeeded at it. If you want the IOS or Mac OS experience, you need an iPhone or Mac. And billions of people want those experiences enough to pay top dollar for Apple’s products. Few other tech companies have that advantage –&nbsp;<b>Nintendo</b>(OTCPK:NTDOY) being one exception, if you count gaming as tech.</p><p><blockquote>苹果是一只拥有宽护城河的股票，是少数几家同时控制大多数用户硬件和软件的科技公司之一。许多公司都试图复制苹果通过整合硬件和应用程序来实现收入最大化的策略，但很少有人成功。如果你想要IOS或Mac OS体验，你需要一部iPhone或Mac。数十亿人想要这些体验，足以支付高价购买苹果的产品。很少有其他科技公司拥有这样的优势——<b>任天堂</b>(OTCPK：NTDOY)如果您将游戏视为技术，则是一个例外。</blockquote></p><p> This makes Apple arguably a&nbsp;wide-moat stock. You need Apple hardware to run Apple software, and people like Apple software. This gives Apple a “monopoly” on a certain collection of software experiences. It does not have a monopoly on any particular device category, but it’s the only company that can provide the integrated&nbsp;Apple ecosystem.</p><p><blockquote>这使得苹果可以说是一只拥有宽阔护城河的股票。你需要苹果硬件来运行苹果软件，人们喜欢苹果软件。这使得苹果“垄断”了某一套软件体验。它并不垄断任何特定的设备类别，但它是唯一一家能够提供集成苹果生态系统的公司。</blockquote></p><p> This advantage has paid dividends to Apple shareholders – both figuratively and literally. Apple is the world’s biggest company by market cap and the&nbsp;fourth-biggest by revenue. Its revenue growth rate has slowed in recent years, but certain segments (such as watches and services) are growing faster than ever. It appears, then, that Apple still has the potential for significant profitability and growth. Accordingly, I’ll develop a bullish thesis on Apple in this article, arguing that its solid economic moat provides potential for its stock to appreciate in the future.</p><p><blockquote>这一优势为苹果股东带来了红利——无论是象征性的还是字面上的。按市值计算，苹果是全球最大的公司，按收入计算，它是全球第四大公司。近年来，其收入增长率有所放缓，但某些细分市场（如手表和服务）的增长速度比以往任何时候都快。因此，苹果似乎仍然具有显着盈利和增长的潜力。因此，我将在本文中对苹果提出看涨论点，认为其坚实的经济护城河为其股票未来升值提供了潜力。</blockquote></p><p> <b>Competitive Landscape</b></p><p><blockquote><b>竞争格局</b></blockquote></p><p> One of the most important things to understand about Apple is its competitive position. The company operates in such a wide variety of different markets that it’s hard to pin down its business beyond simply “tech.” Technically, the company’s SIC Code (industry classification) is 7372, denoting “prepackaged software.” However, this doesn’t capture the full extent of Apple’s business activities, as it’s also involved in hardware, semiconductors,payments&nbsp;and entertainment.</p><p><blockquote>了解苹果最重要的一点是它的竞争地位。该公司在如此广泛的不同市场开展业务，以至于很难确定其业务不仅仅是“技术”。从技术上讲，该公司的SIC代码（行业分类）是7372，表示“预打包软件”。然而，这并没有涵盖苹果业务活动的全部范围，因为它还涉及硬件、半导体、支付和娱乐。</blockquote></p><p> Some of Apple’s most noteworthy competitors include:</p><p><blockquote>苹果最值得注意的一些竞争对手包括：</blockquote></p><p> <ul>  <li><b>Samsung</b>(OTC:SSNLF) - smartphones.</p><p><blockquote><ul><li><b>三星</b>（场外交易代码：SSNLF）-智能手机。</li></ul></blockquote></p><p></li>  <li><b>Huawei</b>- smartphones.</p><p><blockquote><li><b>华为</b>-智能手机。</li></blockquote></p><p></li>  <li><b>Alphabet</b>(GOOG) - smartphones, laptops, and software.</p><p><blockquote><li><b>Alphabet</b>(GOOG)-智能手机、笔记本电脑和软件。</li></blockquote></p><p></li>  <li><b>Microsoft</b>(MSFT) - laptops.</p><p><blockquote><li><b>微软</b>（MSFT）-笔记本电脑。</li></blockquote></p><p></li>  <li><b>Dell</b>(NYSE:DELL)- laptops.</p><p><blockquote><li><b>戴尔</b>（纽约证券交易所代码：戴尔）-笔记本电脑。</li></blockquote></p><p></li>  <li><b>Adobe</b>(ADBE) - creative software.</p><p><blockquote><li><b>土坯</b>（ADBE）-创意软件。</li></blockquote></p><p></p><p></li>  <li>And many more.</p><p><blockquote><li>还有更多。</li></blockquote></p><p></li> </ul> A comprehensive list of Apple’s competitors would be impossible to come up with, because the company operates in so many different verticals. In addition to all the names above, Apple is arguably in competition with the big semi companies, as it sells phones and laptops with Apple chips. Apple is one of the most comprehensive tech companies around, with a massive lineup of hardware, software and services, putting it in tacit competition with dozens of companies.</p><p><blockquote>苹果的竞争对手的全面名单是不可能的，因为该公司在许多不同的垂直领域开展业务。除了上述所有名称之外，苹果可以说还在与大型半导体公司竞争，因为它销售采用苹果芯片的手机和笔记本电脑。苹果是最全面的科技公司之一，拥有庞大的硬件、软件和服务阵容，使其与数十家公司展开默契竞争。</blockquote></p><p> How is Apple doing in the industries it competes in? According to&nbsp;Counterpoint Research&nbsp;and Statista, Apple’s market shares include:</p><p><blockquote>苹果在其竞争的行业中表现如何？根据Counterpoint Research和Statista的数据，苹果的市场份额包括：</blockquote></p><p> <ul>  <li>Smartphones: 47% in the US and 14% globally.</p><p><blockquote><ul><li>智能手机：美国占47%，全球占14%。</li></ul></blockquote></p><p></li>  <li>Laptops: 15% in the US and 7.6% globally.</p><p><blockquote><li>笔记本电脑：美国15%，全球7.6%。</li></blockquote></p><p></li>  <li>Smartwatches: over 50% globally.</p><p><blockquote><li>智能手表：全球超过50%。</li></blockquote></p><p></li>  <li>Tablets: 35% globally.</p><p><blockquote><li>平板电脑：全球35%。</li></blockquote></p><p></li> </ul> On the whole, Apple is in first or second place in most of its markets. It’s behind Samsung on smartphone sales but it leads in watches and tablets. This is a pretty good market position. And it could grow over time. Some of Apple’s product categories are still fairly new. The company only just recently broke into smart watches and&nbsp;sales in the category are growing at 50%. Apple has taken heat lately for its slowing growth, but certain products within the company’s lineup are growing faster than ever. This provides potential for strong growth well into the future.</p><p><blockquote>总体而言，苹果在其大部分市场都处于第一或第二的位置。它在智能手机销量方面落后于三星，但在手表和平板电脑方面领先。这是一个相当不错的市场地位。它可能会随着时间的推移而增长。苹果的一些产品类别仍然相当新。该公司最近才涉足智能手表领域，该类别的销售额正以50%的速度增长。苹果最近因增长放缓而受到批评，但该公司产品线中的某些产品增长速度比以往任何时候都快。这为未来的强劲增长提供了潜力。</blockquote></p><p> <b>The M1 Chip and Apple Services</b></p><p><blockquote><b>M1芯片和苹果服务</b></blockquote></p><p> Speaking of future growth, it’s worth exploring two of Apple’s most promising categories:</p><p><blockquote>说到未来的增长，值得探索苹果最有前途的两个类别：</blockquote></p><p> <i>The M1 Chip and Apple Services.</i></p><p><blockquote><i>M1芯片和苹果服务。</i></blockquote></p><p> The M1 Chip (really the M1 family of chips now) is a new chip designed by Apple based on ARM architecture. The base configuration boasts:</p><p><blockquote>M1芯片（现在实际上是M1家族芯片）是苹果基于ARM架构设计的新型芯片。基本配置拥有：</blockquote></p><p> <ul>  <li>An 8-core CPU.</p><p><blockquote><ul><li>一个8核CPU。</li></ul></blockquote></p><p></li>  <li>A 7-core GPU.</p><p><blockquote><li>7核GPU。</li></blockquote></p><p></li>  <li>8 or 16 gigs of RAM (physically built into the chip).</p><p><blockquote><li>8或16 GB内存（物理内置在芯片中）。</li></blockquote></p><p></li>  <li>5nm process.</p><p><blockquote><li>5nm工艺。</li></blockquote></p><p></li>  <li>16 billion transistors.</p><p><blockquote><li>160亿个晶体管。</li></blockquote></p><p></li>  <li>3.2 GHZ max clock rate.</p><p><blockquote><li>3.2 GHZ最大时钟速率。</li></blockquote></p><p></li> </ul> Incredible specs. And on top of that, there are two new models–the M1 Pro and M1 Max–that offer improvements on the base model. It would be tedious to list detailed spec sheets for these higher end models, but one eye-popping stat is the M1 Max’s 57 billion transistors. This competes with the CPUs included in extremely high end gaming PCs. And of course, that makes newer Macs themselves viable as gaming rigs, as countless&nbsp;YouTube reviewers have noted. Apple already has a sizable market share in laptops and desktops, but with the M1 chip family, it now has a shot at capturing the gaming segment as well. Until now, that market segment has proven elusive to Apple. So, there is significant potential for accelerating growth in Apple’s computer lineup.</p><p><blockquote>难以置信的规格。除此之外，还有两款新型号——M1 Pro和M1 Max——对基本型号进行了改进。列出这些高端型号的详细规格表会很乏味，但一个令人瞠目结舌的统计数据是M1 Max的570亿个晶体管。这与极高端游戏PC中包含的CPU竞争。当然，正如无数YouTube评论者指出的那样，这使得较新的MAC电脑本身可以作为游戏装备。苹果在笔记本电脑和台式机领域已经拥有相当大的市场份额，但凭借M1芯片系列，它现在也有机会占领游戏领域。到目前为止，事实证明，这一细分市场对苹果来说是难以捉摸的。因此，苹果电脑产品线的加速增长潜力巨大。</blockquote></p><p> Next up is Apple services. This is a broad category that includes streaming music, movies, books and more. This category is always expanding and could potentially drive more growth after hardware growth slows down. In the most recent quarter, service growth actually&nbsp;lagged product growth, at 25% vs 30% for the latter. However, services are promising because they’re a category that could continue to grow even after hardware products reach their total addressable market. Global smartphone sales have been&nbsp;flat-lining after years of strong growth. In this environment, it would be unrealistic to expect Apple’s hardware sales to grow as fast as they did in the past. But by selling more services to existing customers, Apple can keep growing its total revenue even as hardware sales underwhelm.</p><p><blockquote>接下来是苹果服务。这是一个广泛的类别，包括流媒体音乐、电影、书籍等。这一类别一直在扩大，并可能在硬件增长放缓后推动更多增长。在最近一个季度，服务增长实际上落后于产品增长，为25%，而后者为30%。然而，服务是有前途的，因为即使在硬件产品达到其总目标市场之后，它们也可以继续增长。经过多年的强劲增长，全球智能手机销量一直持平。在这种环境下，期望苹果的硬件销售像过去那样快速增长是不现实的。但通过向现有客户销售更多服务，苹果可以在硬件销售不佳的情况下保持总收入增长。</blockquote></p><p> <b>Financials and Valuation</b></p><p><blockquote><b>财务和估值</b></blockquote></p><p> Now we can turn to Apple’s financials.</p><p><blockquote>现在我们可以转向苹果的财务状况。</blockquote></p><p> Apple’s most recent quarter was a&nbsp;miss on both revenue and earnings; however, the results were strong in absolute terms. In the quarter, Apple delivered:</p><p><blockquote>苹果最近一个季度的收入和盈利均未达到预期；然而，从绝对值来看，结果是强劲的。本季度，苹果交付了：</blockquote></p><p> <ul>  <li>$83 billion in revenue, up 29%.</p><p><blockquote><ul><li>营收830亿美元，增长29%。</li></ul></blockquote></p><p></li>  <li>$27.3 billion in operating income, up 60%.</p><p><blockquote><li>营业收入273亿美元，增长60%。</li></blockquote></p><p></li>  <li>$20.5 billion in net income, up 63%.</p><p><blockquote><li>净利润205亿美元，增长63%。</li></blockquote></p><p></li>  <li>$1.24 in diluted EPS, up 69%.</p><p><blockquote><li>稀释后每股收益为1.24美元，增长69%。</li></blockquote></p><p></li> </ul> The company also reported $104 billion in TTM cash from operations in its fourth quarter report. That was up 28% from the year before.</p><p><blockquote>该公司还在第四季度报告中报告了1040亿美元的TTM运营现金。这比去年增长了28%。</blockquote></p><p> These were pretty solid results. Especially for a mature company. Apple is the biggest company in the world by market cap, yet its revenue and earnings are both up by growth stock levels. And this one quarter wasn’t a fluke. According to&nbsp;Seeking Alpha Quant, Apple’s five-year CAGR growth rates in the metrics listed above are:</p><p><blockquote>这些都是相当可靠的结果。尤其是对于一家成熟的公司来说。按市值计算，苹果是世界上最大的公司，但其收入和盈利均以成长型股票的水平增长。这一个季度并非侥幸。根据Seeking Alpha Quant的数据，苹果上述指标的五年复合年增长率为：</blockquote></p><p> <ul>  <li>Revenue: 11%.</p><p><blockquote><ul><li>收入：11%。</li></ul></blockquote></p><p></li>  <li>Operating income: 12.7%.</p><p><blockquote><li>营业收入：12.7%。</li></blockquote></p><p></li>  <li>Net income: 15.7%.</p><p><blockquote><li>净利润：15.7%。</li></blockquote></p><p></li>  <li>Diluted EPS: 22%.</p><p><blockquote><li>稀释后每股收益：22%。</li></blockquote></p><p></li>  <li>Cash flow: 10.7%.</p><p><blockquote><li>现金流：10.7%。</li></blockquote></p><p></li> </ul> Again very solid for a mature company. It does look like the most recent quarter was better than average, but the long-term metrics are still very good. Which gets to the heart of this article’s thesis:</p><p><blockquote>对于一家成熟的公司来说，这也是非常可靠的。最近一个季度看起来确实好于平均水平，但长期指标仍然非常好。这就抓住了本文论点的核心：</blockquote></p><p></p><p> Apple is definitely not a bubble stock. Its valuation is fairly steep, as it trades at 30 times earnings, 7.7 times sales, and 26 times cash flow. But the company still has plenty of growth potential. Compounded annually, its earnings are growing at 22%, and as the most recent quarter showed, it has room for acceleration. If you factor in both growth and value, you get a&nbsp;PEG ratio of just 0.43&nbsp;for the trailing 12-month period. That’s far from a bubble valuation. In fact, it looks downright cheap.</p><p><blockquote>苹果绝对不是泡沫股。其估值相当高，市盈率为30倍，销售额为7.7倍，现金流为26倍。但该公司仍有很大的增长潜力。按年复合计算，其盈利以22%的速度增长，正如最近一个季度所显示的那样，它还有加速的空间。如果同时考虑增长和价值，过去12个月的PEG比率仅为0.43。这远非泡沫估值。事实上，它看起来非常便宜。</blockquote></p><p> <b>Risks and Challenges</b></p><p><blockquote><b>风险与挑战</b></blockquote></p><p> While Apple is definitely an ultra-profitable company with strong growth and a moderate valuation, its stock is not without its risks. As a major hardware company, it is vulnerable to supply chain issues, and other shocks. Some major risks and challenges to the bullish thesis outlined in this article include:</p><p><blockquote>虽然苹果绝对是一家增长强劲、估值适中的超盈利公司，但其股票并非没有风险。作为一家主要的硬件公司，它很容易受到供应链问题和其他冲击的影响。本文概述的看涨论点面临的一些主要风险和挑战包括：</blockquote></p><p> <ul>  <li><b>Supply chain issues.</b>The world is currently going through a chip shortage, as well as shortages of various other hi-tech parts. These problems are affecting Apple. Just recently, the company&nbsp;slashed iPhone production&nbsp;because of supply chain issues. That right before the crucial Holiday season, no less. These kinds of problems are an ever-present threat for a hardware company like Apple, which depends on a ready supply of raw materials to keep sales flowing.</p><p><blockquote><ul><li><b>供应链问题。</b>世界目前正在经历芯片短缺，以及各种其他高科技部件的短缺。这些问题正在影响苹果。就在最近，由于供应链问题，该公司大幅削减了iPhone产量。就在关键的假期之前。对于像苹果这样的硬件公司来说，这类问题是一个始终存在的威胁，该公司依赖于现成的原材料供应来保持销售流动。</li></ul></blockquote></p><p></li>  <li><b>Scale.</b>Mathematically, the bigger something gets, the larger of an increase is needed to drive percentage gains equal to past ones. If you start selling $1,000 widgets and sell one your first year, you double your sales just by selling $2,000 worth the next year. If, however, ten years later, you’re selling $332 billion worth, you need customers to come up with $664 billion in the eleventh year to achieve the same growth. This is mathematically unlikely. And as it just so happens, Apple’s $83 billion Q4 revenue annualizes to $332 billion. So growth will be harder to achieve going forward.</p><p><blockquote><li><b>比例。</b>从数学上讲，某物变得越大，需要的增幅就越大，才能推动与过去持平的百分比增长。如果你开始销售1000美元的小工具，第一年就卖出了一个，那么第二年只要卖出价值2000美元的小工具，你的销售额就会翻倍。然而，如果十年后，你的销售额为3320亿美元，你需要客户在第十一年拿出6640亿美元来实现同样的增长。这在数学上是不太可能的。碰巧的是，苹果第四季度830亿美元的年收入达到了3320亿美元。因此，未来将更难实现增长。</li></blockquote></p><p></li>  <li><b>Disruption.</b>Apple’s business model requires that it stay on the leading edge of tech innovation. If another company comes out with something decisively superior to the iPhone, that could kill Apple’s business overnight. Apple itself&nbsp;did this once, to&nbsp;<b>BlackBerry</b>(BB), makers of the ill-fated BlackBerry Smartphone. The history of the tech industry is littered with companies eating each other's lunch, and while Apple has billions to spend on R&amp;D, you never know where the next threat will come from.</p><p><blockquote><li><b>中断。</b>苹果的商业模式要求它保持在技术创新的前沿。如果另一家公司推出了明显优于iPhone的产品，这可能会在一夜之间扼杀苹果的业务。苹果自己也做过一次，为了<b>黑莓</b>（BB），命运多舛的黑莓智能手机制造商。科技行业的历史上充斥着公司互相吃午餐的情况，尽管苹果在研发上投入了数十亿美元，但你永远不知道下一个威胁会来自哪里。</li></blockquote></p><p></li> </ul> The above are some very real risks for investors to keep in mind. The supply chain risk, in particular, is very real, having been cited as a problem in several quarterly reports. With that said, Apple stock has an incredible moat, decent growth, and a not-unreasonable valuation. This is definitely not a stock to short. And while the gains realized by longs will not be as good in the future as they were in the past, they should still be decent.</p><p><blockquote>以上是投资者需要牢记的一些非常真实的风险。尤其是供应链风险是非常真实的，在几份季度报告中都被认为是一个问题。话虽如此，苹果股票拥有令人难以置信的护城河、良好的增长和并非不合理的估值。这绝对不是一只值得做空的股票。虽然多头实现的收益在未来不会像过去那么好，但它们应该仍然不错。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4476363-apple-stock-no-bubble\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4476363-apple-stock-no-bubble","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164467804","content_text":"Summary\n\nApple stock has risen 34% this year, beating the NASDAQ 100 by a wide margin.\nThis has led some to say that the stock is in a bubble, as its price is rising rapidly.\nHowever, Apple's stock price gains are about in line with revenue growth, and actually slower than the most recent quarter's EPS growth.\nIn this article, I will develop a bullish thesis on Apple, arguing that it has a wide moat that will power future growth and profitability.\n\nJustin Sullivan/Getty Images News\nApple Inc.(AAPL) stock has delivered a solid performance in 2021. Up 35% for the year, it has solidly outperformed both the NASDAQ 100 and the S&P 500. The latest in a long streak of winning years for the company, Apple’s 2021 shows that a stock is never too big to beat the market.\nWith that said, there’s no shortage of people who think Apple’s winning run is due for a correction. In recent weeks, we’ve seen a deluge of articles claiming that AAPL is overvalued, with titles like:\n\n“Apple Stock is Now a Bubble.”\n“Why Apple Stock May Be a Bubble That’s Ready to Burst.”\n“Sell AAPL? Why This Expert Sees Apple Stock Dipping 12%”\n\nNot all of these articles have been unambiguously bearish. A few mention positives along with negatives. But generally speaking, the sentiment that Apple is a bubble, or at least overvalued, is becoming common. If you look at TipRanks’ sentiment chart, it shows decisively negative sentiment toward Apple stock.\nSource: TipRanks’ sentiment chart\nThe bearishness of investor sentiment toward Apple becomes clear when we compare it to the sentiment toward Meta Platforms(FB). Meta, a company that is being sued for antitrust violations and getting attacked in the press daily, has a nearly perfect sentiment score. So there is no special tech curse that guarantees negative sentiment toward individual stocks in the sector. Apple’s sentiment problem is indeed its own problem.\n\nWhich begs the question:\nWhy?\nApple is a wide-moat stock, one of the few tech companies that controls both hardware and software for most of its users. Many companies have attempted to copy Apple’s strategy of maximizing revenue by integrating hardware and apps, but few have succeeded at it. If you want the IOS or Mac OS experience, you need an iPhone or Mac. And billions of people want those experiences enough to pay top dollar for Apple’s products. Few other tech companies have that advantage – Nintendo(OTCPK:NTDOY) being one exception, if you count gaming as tech.\nThis makes Apple arguably a wide-moat stock. You need Apple hardware to run Apple software, and people like Apple software. This gives Apple a “monopoly” on a certain collection of software experiences. It does not have a monopoly on any particular device category, but it’s the only company that can provide the integrated Apple ecosystem.\nThis advantage has paid dividends to Apple shareholders – both figuratively and literally. Apple is the world’s biggest company by market cap and the fourth-biggest by revenue. Its revenue growth rate has slowed in recent years, but certain segments (such as watches and services) are growing faster than ever. It appears, then, that Apple still has the potential for significant profitability and growth. Accordingly, I’ll develop a bullish thesis on Apple in this article, arguing that its solid economic moat provides potential for its stock to appreciate in the future.\nCompetitive Landscape\nOne of the most important things to understand about Apple is its competitive position. The company operates in such a wide variety of different markets that it’s hard to pin down its business beyond simply “tech.” Technically, the company’s SIC Code (industry classification) is 7372, denoting “prepackaged software.” However, this doesn’t capture the full extent of Apple’s business activities, as it’s also involved in hardware, semiconductors,payments and entertainment.\nSome of Apple’s most noteworthy competitors include:\n\nSamsung(OTC:SSNLF) - smartphones.\nHuawei- smartphones.\nAlphabet(GOOG) - smartphones, laptops, and software.\nMicrosoft(MSFT) - laptops.\nDell(NYSE:DELL)- laptops.\nAdobe(ADBE) - creative software.\nAnd many more.\n\nA comprehensive list of Apple’s competitors would be impossible to come up with, because the company operates in so many different verticals. In addition to all the names above, Apple is arguably in competition with the big semi companies, as it sells phones and laptops with Apple chips. Apple is one of the most comprehensive tech companies around, with a massive lineup of hardware, software and services, putting it in tacit competition with dozens of companies.\nHow is Apple doing in the industries it competes in? According to Counterpoint Research and Statista, Apple’s market shares include:\n\nSmartphones: 47% in the US and 14% globally.\nLaptops: 15% in the US and 7.6% globally.\nSmartwatches: over 50% globally.\nTablets: 35% globally.\n\nOn the whole, Apple is in first or second place in most of its markets. It’s behind Samsung on smartphone sales but it leads in watches and tablets. This is a pretty good market position. And it could grow over time. Some of Apple’s product categories are still fairly new. The company only just recently broke into smart watches and sales in the category are growing at 50%. Apple has taken heat lately for its slowing growth, but certain products within the company’s lineup are growing faster than ever. This provides potential for strong growth well into the future.\nThe M1 Chip and Apple Services\nSpeaking of future growth, it’s worth exploring two of Apple’s most promising categories:\nThe M1 Chip and Apple Services.\nThe M1 Chip (really the M1 family of chips now) is a new chip designed by Apple based on ARM architecture. The base configuration boasts:\n\nAn 8-core CPU.\nA 7-core GPU.\n8 or 16 gigs of RAM (physically built into the chip).\n5nm process.\n16 billion transistors.\n3.2 GHZ max clock rate.\n\nIncredible specs. And on top of that, there are two new models–the M1 Pro and M1 Max–that offer improvements on the base model. It would be tedious to list detailed spec sheets for these higher end models, but one eye-popping stat is the M1 Max’s 57 billion transistors. This competes with the CPUs included in extremely high end gaming PCs. And of course, that makes newer Macs themselves viable as gaming rigs, as countless YouTube reviewers have noted. Apple already has a sizable market share in laptops and desktops, but with the M1 chip family, it now has a shot at capturing the gaming segment as well. Until now, that market segment has proven elusive to Apple. So, there is significant potential for accelerating growth in Apple’s computer lineup.\nNext up is Apple services. This is a broad category that includes streaming music, movies, books and more. This category is always expanding and could potentially drive more growth after hardware growth slows down. In the most recent quarter, service growth actually lagged product growth, at 25% vs 30% for the latter. However, services are promising because they’re a category that could continue to grow even after hardware products reach their total addressable market. Global smartphone sales have been flat-lining after years of strong growth. In this environment, it would be unrealistic to expect Apple’s hardware sales to grow as fast as they did in the past. But by selling more services to existing customers, Apple can keep growing its total revenue even as hardware sales underwhelm.\nFinancials and Valuation\nNow we can turn to Apple’s financials.\nApple’s most recent quarter was a miss on both revenue and earnings; however, the results were strong in absolute terms. In the quarter, Apple delivered:\n\n$83 billion in revenue, up 29%.\n$27.3 billion in operating income, up 60%.\n$20.5 billion in net income, up 63%.\n$1.24 in diluted EPS, up 69%.\n\nThe company also reported $104 billion in TTM cash from operations in its fourth quarter report. That was up 28% from the year before.\nThese were pretty solid results. Especially for a mature company. Apple is the biggest company in the world by market cap, yet its revenue and earnings are both up by growth stock levels. And this one quarter wasn’t a fluke. According to Seeking Alpha Quant, Apple’s five-year CAGR growth rates in the metrics listed above are:\n\nRevenue: 11%.\nOperating income: 12.7%.\nNet income: 15.7%.\nDiluted EPS: 22%.\nCash flow: 10.7%.\n\nAgain very solid for a mature company. It does look like the most recent quarter was better than average, but the long-term metrics are still very good. Which gets to the heart of this article’s thesis:\nApple is definitely not a bubble stock. Its valuation is fairly steep, as it trades at 30 times earnings, 7.7 times sales, and 26 times cash flow. But the company still has plenty of growth potential. Compounded annually, its earnings are growing at 22%, and as the most recent quarter showed, it has room for acceleration. If you factor in both growth and value, you get a PEG ratio of just 0.43 for the trailing 12-month period. That’s far from a bubble valuation. In fact, it looks downright cheap.\nRisks and Challenges\nWhile Apple is definitely an ultra-profitable company with strong growth and a moderate valuation, its stock is not without its risks. As a major hardware company, it is vulnerable to supply chain issues, and other shocks. Some major risks and challenges to the bullish thesis outlined in this article include:\n\nSupply chain issues.The world is currently going through a chip shortage, as well as shortages of various other hi-tech parts. These problems are affecting Apple. Just recently, the company slashed iPhone production because of supply chain issues. That right before the crucial Holiday season, no less. These kinds of problems are an ever-present threat for a hardware company like Apple, which depends on a ready supply of raw materials to keep sales flowing.\nScale.Mathematically, the bigger something gets, the larger of an increase is needed to drive percentage gains equal to past ones. If you start selling $1,000 widgets and sell one your first year, you double your sales just by selling $2,000 worth the next year. If, however, ten years later, you’re selling $332 billion worth, you need customers to come up with $664 billion in the eleventh year to achieve the same growth. This is mathematically unlikely. And as it just so happens, Apple’s $83 billion Q4 revenue annualizes to $332 billion. So growth will be harder to achieve going forward.\nDisruption.Apple’s business model requires that it stay on the leading edge of tech innovation. If another company comes out with something decisively superior to the iPhone, that could kill Apple’s business overnight. Apple itself did this once, to BlackBerry(BB), makers of the ill-fated BlackBerry Smartphone. The history of the tech industry is littered with companies eating each other's lunch, and while Apple has billions to spend on R&D, you never know where the next threat will come from.\n\nThe above are some very real risks for investors to keep in mind. The supply chain risk, in particular, is very real, having been cited as a problem in several quarterly reports. With that said, Apple stock has an incredible moat, decent growth, and a not-unreasonable valuation. This is definitely not a stock to short. And while the gains realized by longs will not be as good in the future as they were in the past, they should still be decent.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604138086,"gmtCreate":1639357777528,"gmtModify":1639357777703,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604138086","repostId":"1198823118","repostType":4,"isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605208567,"gmtCreate":1639175798060,"gmtModify":1639175798216,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605208567","repostId":"1133027099","repostType":4,"repost":{"id":"1133027099","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":1639152670,"share":"https://www.laohu8.com/m/news/1133027099?lang=zh_CN&edition=full","pubTime":"2021-12-11 00:11","market":"us","language":"en","title":"Sea Ltd stock dropped more than 5% in morning trading<blockquote>Sea Ltd股价早盘下跌超过5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133027099","media":"Tiger Newspress","summary":"Sea Ltd stock dropped more than 5% in morning trading.","content":"<p>Sea Ltd stock dropped more than 5% in morning trading.</p><p><blockquote>Sea Ltd股价早盘下跌超过5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f6295277426435ac2c7135ba73dfbdef\" tg-width=\"840\" tg-height=\"470\" 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>Sea Ltd stock dropped more than 5% in morning trading<blockquote>Sea Ltd股价早盘下跌超过5%</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; 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8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Ltd stock dropped more than 5% in morning trading<blockquote>Sea Ltd股价早盘下跌超过5%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-11 00:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Sea Ltd stock dropped more than 5% in morning trading.</p><p><blockquote>Sea Ltd股价早盘下跌超过5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f6295277426435ac2c7135ba73dfbdef\" tg-width=\"840\" tg-height=\"470\" 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":{"SE":"Sea Ltd"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133027099","content_text":"Sea Ltd stock dropped more than 5% in morning trading.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":773,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606498040,"gmtCreate":1638917557017,"gmtModify":1638917557117,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/606498040","repostId":"1140518037","repostType":4,"repost":{"id":"1140518037","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger 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src=\"https://static.tigerbbs.com/8941cc27251bfb59578bccd3e5144ec1\" tg-width=\"406\" tg-height=\"543\" 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>Network security stocks climbed in morning trading<blockquote>网络安全股早盘攀升</blockquote></title>\n<style 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23:18</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Network security stocks climbed in morning trading.SentinelOne,Fortinet,Zscaler,Cloudflare,CrowdStrike,Tenable,Palo Alto Networks,Mandiant&nbsp;and&nbsp;Cyberark&nbsp;rose&nbsp;between 3% and 15%.</p><p><blockquote>网络安全股早盘上涨。SentinelOne、Fortinet、Zscaler、Cloudflare、CrowdStrike、Tenable、Palo Alto Networks、Mandiant和Cyberark涨幅在3%至15%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8941cc27251bfb59578bccd3e5144ec1\" tg-width=\"406\" tg-height=\"543\" 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":{"ZS":"Zscaler Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140518037","content_text":"Network security stocks climbed in morning trading.SentinelOne,Fortinet,Zscaler,Cloudflare,CrowdStrike,Tenable,Palo Alto Networks,Mandiant and Cyberark rose between 3% and 15%.","news_type":1,"symbols_score_info":{"ZS":0.9}},"isVote":1,"tweetType":1,"viewCount":568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876348110,"gmtCreate":1637277388620,"gmtModify":1637277388620,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876348110","repostId":"1183718414","repostType":4,"isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693216839,"gmtCreate":1640039147820,"gmtModify":1640039148008,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099442649801160","idStr":"4099442649801160"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693216839","repostId":"1115322314","repostType":4,"repost":{"id":"1115322314","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":1640011665,"share":"https://www.laohu8.com/m/news/1115322314?lang=zh_CN&edition=full","pubTime":"2021-12-20 22:47","market":"us","language":"en","title":"Mega-cap growth stocks extended their fall from the previous session<blockquote>大型成长股延续前一交易日跌势</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115322314","media":"Tiger Newspress","summary":"Mega-cap growth stocks extended their fall from the previous session, with Apple, Meta Platforms and","content":"<p>Mega-cap growth stocks extended their fall from the previous session, with&nbsp;Apple, Meta Platforms&nbsp;and Microsoft Corp&nbsp;down between 1% and 3%.</p><p><blockquote>大型成长股较前一交易日延续跌势，苹果、Meta Platforms和微软下跌1%至3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bcbe2eb85bd02485d4f915039e5a7c33\" tg-width=\"709\" tg-height=\"607\" 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>Mega-cap growth stocks extended their fall from the previous session<blockquote>大型成长股延续前一交易日跌势</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMega-cap growth stocks extended their fall from the previous session<blockquote>大型成长股延续前一交易日跌势</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-20 22:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Mega-cap growth stocks extended their fall from the previous session, with&nbsp;Apple, Meta Platforms&nbsp;and Microsoft Corp&nbsp;down between 1% and 3%.</p><p><blockquote>大型成长股较前一交易日延续跌势，苹果、Meta Platforms和微软下跌1%至3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bcbe2eb85bd02485d4f915039e5a7c33\" tg-width=\"709\" tg-height=\"607\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FB":"ProShares S&P 500 Dynamic Buffer ETF","AMZN":"亚马逊","AAPL":"苹果","MSFT":"微软"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115322314","content_text":"Mega-cap growth stocks extended their fall from the previous session, with Apple, Meta Platforms and Microsoft Corp down between 1% and 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