个人中心 - 老虎社区

ee22

IP属地：未知

帖子 · 32帖子 · 32
关注 · 0关注 · 0
粉丝 · 0粉丝 · 0

- ee22ee22
  ·2021-07-29
  U nv know what they will comment. Later anogher fb...
  非常抱歉，此主贴已删除
  3,074 评论
  4
  分享
  举报
- ee22ee22
  ·2021-07-28
  Hmm...
  非常抱歉，此主贴已删除
  4,038 评论
  6
  分享
  举报
- ee22ee22
  ·2021-07-27
  Trying to make us sell cheap so u can buy
  Palantir: Prepare To Be Disappointed<blockquote>Palantir：做好失望的准备</blockquote>
  Summary We continue to believe that Palantir’s upside appears to be limited and its future growth i
  Palantir: Prepare To Be Disappointed<blockquote>Palantir：做好失望的准备</blockquote>
  3,345 评论
  3
  分享
  举报
- ee22ee22
  ·2021-07-25
  Hopeful!!
  非常抱歉，此主贴已删除
  3,830 1
  6
  分享
  举报
- ee22ee22
  ·2021-07-24
  Izzit too late to buy now?
  非常抱歉，此主贴已删除
  3,495 2
  1
  分享
  举报
- ee22ee22
  ·2021-07-24
  Y savvy move stock nv climb?
  非常抱歉，此主贴已删除
  2,279 1
  6
  分享
  举报
- ee22ee22
  ·2021-07-23
  Izzit too late to jump in now?
  非常抱歉，此主贴已删除
  4,295 1
  3
  分享
  举报
- ee22ee22
  ·2021-07-22
  Go Elon go
  Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote>
  (Julr 22) Stock futures advanced on Thursday, with investors looking to earnings and data for impetu
  Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote>
  3,102 评论
  7
  分享
  举报
- ee22ee22
  ·2021-07-20
  My eyes has tuned n got used to the permanent reds of my portfolio
  Is This the Long-Awaited Stock Market Crash?<blockquote>这是期待已久的股市崩盘吗？</blockquote>
  Investors are always trying to anticipate the next stock market crash. Those searching for signs of
  Is This the Long-Awaited Stock Market Crash?<blockquote>这是期待已久的股市崩盘吗？</blockquote>
  3,486 评论
  4
  分享
  举报
- ee22ee22
  ·2021-07-19
  Cos blue origin oso going to space n lift the entire industry? When u tink competition gonna crumple n it turns out win win.
  Virgin Galactic surged over 5% in morning trading<blockquote>维珍银河早盘交易中飙升超过 5%</blockquote>
  (July 19) Virgin Galactic surged over 5% in morning trading.
  Virgin Galactic surged over 5% in morning trading<blockquote>维珍银河早盘交易中飙升超过 5%</blockquote>
  3,362 1
  9
  分享
  举报

热议股票

{"i18n":{"language":"zh_CN"},"isCurrentUser":false,"userPageInfo":{"id":"4087614241741070","uuid":"4087614241741070","gmtCreate":1624511178471,"gmtModify":1624871261258,"name":"ee22","pinyin":"ee22","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/028308438db45c2a37d707ada16c5045","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":13,"headSize":53,"tweetSize":32,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-3","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"偶像虎友","description":"加入老虎社区1500天","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.04.22","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"228c86a078844d74991fff2b7ab2428d-1","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资经理虎","description":"证券账户累计交易金额达到10万美元","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"60.64%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"35ec162348d5460f88c959321e554969-1","templateUuid":"35ec162348d5460f88c959321e554969","name":"精英交易员","description":"证券或期货账户累计交易次数达到30次","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.16%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":12,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":808992204,"gmtCreate":1627549107608,"gmtModify":1631891540037,"author":{"id":"4087614241741070","authorId":"4087614241741070","name":"ee22","avatar":"https://static.tigerbbs.com/028308438db45c2a37d707ada16c5045","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087614241741070","idStr":"4087614241741070"},"themes":[],"title":"","htmlText":"U nv know what they will comment. Later anogher fb...","listText":"U nv know what they will comment. Later anogher fb...","text":"U nv know what they will comment. Later anogher fb...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808992204","repostId":"1165497040","repostType":4,"isVote":1,"tweetType":1,"viewCount":3074,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803756223,"gmtCreate":1627466974762,"gmtModify":1631891540039,"author":{"id":"4087614241741070","authorId":"4087614241741070","name":"ee22","avatar":"https://static.tigerbbs.com/028308438db45c2a37d707ada16c5045","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087614241741070","idStr":"4087614241741070"},"themes":[],"title":"","htmlText":"Hmm...","listText":"Hmm...","text":"Hmm...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803756223","repostId":"1181811581","repostType":4,"isVote":1,"tweetType":1,"viewCount":4038,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809236288,"gmtCreate":1627371701444,"gmtModify":1631891540041,"author":{"id":"4087614241741070","authorId":"4087614241741070","name":"ee22","avatar":"https://static.tigerbbs.com/028308438db45c2a37d707ada16c5045","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087614241741070","idStr":"4087614241741070"},"themes":[],"title":"","htmlText":"Trying to make us sell cheap&nbsp;so u can buy","listText":"Trying to make us sell cheap&nbsp;so u can buy","text":"Trying to make us sell cheap so u can buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/809236288","repostId":"1139478455","repostType":4,"repost":{"id":"1139478455","kind":"news","pubTimestamp":1627370605,"share":"https://www.laohunote.com/m/news/1139478455?lang=zh_CN&edition=full","pubTime":"2021-07-27 15:23","market":"us","language":"en","title":"Palantir: Prepare To Be Disappointed<blockquote>Palantir：做好失望的准备</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139478455","media":"seekingalpha","summary":"Summary\n\nWe continue to believe that Palantir’s upside appears to be limited and its future growth i","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>We continue to believe that Palantir’s upside appears to be limited and its future growth is already priced in.</li>  <li>Our analysis shows that Palantir’s fair value is $8.22 per share, which represents a downside of over 60% from the current market price.</li>  <li>The dilution risk and the continuous selling pressure are likely going to prevent the appreciation of Palantir’s stock anytime soon.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4ce2494cb75075c64622ebd6b351e43d\" tg-width=\"1536\" tg-height=\"1155\" referrerpolicy=\"no-referrer\"><span>Kevin Dietsch/Getty Images News</span></p><p><blockquote><ul><li>我们仍然认为，Palantir 的上涨空间似乎有限，其未来的增长已经被考虑在内。</li><li>我们的分析表明，Palantir 的公允价值为每股 8.22 美元，比当前市场价格下跌了 60% 以上。</li><li>稀释风险和持续的抛售压力很可能会阻止 Palantir 的股票很快升值。</li></ul><p class=\"t-img-caption\"><span>凯文·迪奇/盖蒂图片社新闻</span></p></blockquote></p><p> Palantir (PLTR) has been underperforming the market in recent weeks and we believe that its stock still has more room to fall. Our analysis shows that Palantir is extremely overvalued at the current levels and several issues are likely going to prevent its stock from appreciating further anytime soon. For that reason, we continue to believe that it’s better to avoid Palantir at the current price, as its upside appears to be limited.</p><p><blockquote>Palantir (PLTR) 最近几周的表现一直逊于市场，我们认为其股价仍有更大的下跌空间。我们的分析表明，Palantir 在当前水平上被极度高估，一些问题可能会阻止其股票在短期内进一步升值。因此，我们仍然认为，以目前的价格最好避开 Palantir，因为它的上涨空间似乎有限。</blockquote></p><p> <b>There Are Several Red Flags, Which You Shouldn’t Ignore</b></p><p><blockquote><b>有几个危险信号，你不应该忽视</b></blockquote></p><p> Palantir specializes in creating custom software solutions for collecting data for its clients, who are mostly government agencies and public companies. While some might think that Palantir is a young company with lots of potential, the reality is that it’s not a startup, as it has been in the business for almost two decades already, and since that time it has managed to add less than 200 customers. As a result, the company is exposed to a limited pool of organizations, who generate most of the revenues. This is mostly because Palantir doesn’t have a scalable business. The value of the company’s average contract ranges from $5 million to $6 million, which prevents small and medium businesses from using its services. While Palantir tries to tackle this issue by offering its Foundry platform for the commercial sector at attractive terms, it’s still too soon to tell whether it will improve its affordability to most of the third parties and have any major impact on its financials in the long run.</p><p><blockquote>Palantir专门为其客户创建定制软件解决方案来收集数据，这些客户大多是政府机构和上市公司。虽然有些人可能认为 Palantir 是一家潜力巨大的年轻公司，但现实情况是，它并不是一家初创公司，因为它已经经营了近二十年，从那时起，它只增加了不到 200 名客户。因此，该公司接触到的组织数量有限，而这些组织产生了大部分收入。这主要是因为 Palantir 没有可扩展的业务。该公司的平均合同价值从 500 万美元到 600 万美元不等，这使得中小型企业无法使用其服务。虽然 Palantir 正试图通过以有吸引力的条款向商业部门提供代工平台来解决这一问题，但从长远来看，它是否会提高大多数第三方的可负担性，是否会对其财务状况产生重大影响，还为时过早。</blockquote></p><p> In addition, while bulls might want to deny this, but Palantir operates like a consulting company. The company has a special position of a forward-deployed engineer, who analyzes different processes of potential clients and then explains how Palantir’s software could help them improve their operations. Considering this, it’s safe to say that Palantir doesn’t have a unique business model since its whole proposition is that it can analyze the available data better than others. However, nothing stops new entrants from entering the field and offering similar solutions, and nothing stops organizations' internal IT departments from developing better tools to analyze all of the processes at a more affordable price.</p><p><blockquote>此外，虽然多头可能想否认这一点，但 Palantir 的运营方式就像一家咨询公司。该公司有一个特殊的前端部署工程师职位，他负责分析潜在客户的不同流程，然后解释 Palantir 的软件如何帮助他们改善运营。考虑到这一点，可以肯定地说，Palantir 并没有独特的商业模式，因为它的整个主张是它能比其他公司更好地分析现有数据。然而，没有什么能阻止新进入者进入该领域并提供类似的解决方案，也没有什么能阻止组织的内部 IT 部门开发更好的工具，以更实惠的价格分析所有流程。</blockquote></p><p> Another downside of Palantir is that despite the increase in margins and gross profit in recent quarters, it never made a profit in its history after being so long in the business. Its operating loss has onlywidenedin recent years from -$600 million in 2018 to -$1.17 billion in 2020, to -$1.22 billion in the last twelve months. This is due to the excessive stock-based compensation program that results in increased expenses and massive dilution, which is something that a lot of bulls tend to ignore. Let’s not forget that the company’s expenses relating to the SBC program increased by around 257% year over year last quarter and were $193 million. At the same time, Palantir already has 1.8 billion shares outstanding, an increase from 1.52 billion shares, which were outstanding at the end of last year. The problem is that the excessive SBC program will continue to be a major issue for the company’s investors since there are still 477 million optionsoutstanding, which will dilute the current shareholders by more than 20% if fully exercised.</p><p><blockquote>Palantir 的另一个缺点是，尽管最近几个季度的利润率和毛利润有所增长，但在从事该行业这么久之后，它的历史上从未盈利过。近年来，其运营亏损仅从2018年的-6亿美元扩大到2020年的-11.7亿美元，再到过去12个月的-12.2亿美元。这是由于过度的股票薪酬计划导致费用增加和大规模稀释，这是许多多头往往忽视的。别忘了，上一季度公司与 SBC 项目相关的支出同比增长约 257%，达到 1.93 亿美元。与此同时，Palantir已经有18亿股流通股，比去年底的15.2亿股有所增加。问题是，过度的 SBC 计划仍将是公司投资者面临的一个主要问题，因为仍有 4.77 亿份期权尚未行使，如果全部行使，现有股东的权益将被稀释 20% 以上。</blockquote></p><p> For that reason, we continue to believe that Palantir’s stock will continue to be an unattractive investment and it’ll likely continue to underperform the market. It’s already down ~15% since our bearisharticlewas published a month ago and we believe that there’s more room for a depreciation.</p><p><blockquote>因此，我们仍然认为 Palantir 的股票将继续是一项没有吸引力的投资，而且很可能继续跑输大盘。自一个月前我们发表看跌文章以来，股价已经下跌了约 15%，我们认为还有更大的贬值空间。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/facca499bd702a4193cac4eabbe4a9a2\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"><span>Chart: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>图表：寻求阿尔法</span></p></blockquote></p><p></p><p> Another reason to be bearish about Palantir is due to the fact that there’s an extreme selling pressure, which is created by the company’s insiders and its CEO in particular, who are constantly dumping their shares on an open market. In July alone insiderssoldin total $63 million worth of Palantir shares, which is only $31 million slightly less than what they sold in Q1 when the lockup period expired. Considering this and the fact that they still have ~10% ownership stake in the company, it’s safe to assume they’ll continue to sell their shares and create an even greater selling pressure, which is likely going to prevent the stock from significantly appreciating from the current levels.</p><p><blockquote>看空 Palantir 的另一个原因是，该公司内部人士，尤其是首席执行官，不断在公开市场上抛售股票，造成了巨大的抛售压力。仅在 7 月份，内部人士就总共出售了价值 6300 万美元的 Palantir 股票，仅比锁定期到期时第一季度出售的股票略少 3100 万美元。考虑到这一点，以及他们仍持有该公司约 10% 的股权，可以肯定的是，他们将继续抛售股票，造成更大的抛售压力，这很可能会阻止股票从目前的水平大幅升值。</blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> We created a discounted cash flow model to find Palantir’s fair value. The weighted average cost of capital in our model is 6%, while the terminal growth rate is 3%.</p><p><blockquote>我们创建了一个贴现现金流模型来计算 Palantir 的公允价值。我们模型中的加权平均资本成本为6%，而最终增长率为3%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb588ed877784db58cfe10b7d49d6dae\" tg-width=\"772\" tg-height=\"390\" referrerpolicy=\"no-referrer\"><span>Source: Capital IQ, Own estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Capital IQ、自己的估计</span></p></blockquote></p><p> After doing all the necessary calculations, our DCF model showed that Palantir’s fair value is $8.47 per share, which represents a downside of over 60% from the current market price.</p><p><blockquote>在进行了所有必要的计算后，我们的 DCF 模型显示，Palantir 的公允价值为每股 8.47 美元，比当前市场价格下跌了 60% 以上。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9988abd16861dfad80d5febd22b2c1fb\" tg-width=\"404\" tg-height=\"368\" referrerpolicy=\"no-referrer\"><span>Source: Own estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：自己的估计</span></p></blockquote></p><p> For relative valuation, we compared Palantir to eight other companies from the tech industry and the SaaS niche in particular. By looking at the numbers below, we could safely say that Palantir is extremely overvalued to others, especially since its EBITDA margin of -72.8% is the worst among its peers, and at a market cap of ~$40 billion, its stock is overpriced.</p><p><blockquote>对于相对估值，我们将 Palantir 与科技行业，特别是 SaaS 领域的其他八家公司进行了比较。通过查看下面的数字，我们可以有把握地说，Palantir 被其他公司严重高估了，特别是因为其 -72.8% 的 EBITDA 利润率是同行中最差的，而且市值约为 400 亿美元，其股票被高估了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/70de8f9f7b52ae29d77492ed21083982\" tg-width=\"751\" tg-height=\"335\" referrerpolicy=\"no-referrer\"><span>Source: Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Capital IQ</span></p></blockquote></p><p> By consolidating the DCF model and the relative valuation method and giving the former 75% weight in the final analysis, while giving the latter 25$ weight in the final analysis, we concluded that Palantir’s final fair value is $8.22 per share, which is significantly below its current market price of ~$22 per share.</p><p><blockquote>通过合并 DCF 模型和相对估值法，并在最终分析中给予前者 75% 的权重，而在最终分析中给予后者 25 美元的权重，我们得出的结论是，Palantir 的最终公允价值为每股 8.22 美元，大大低于其目前每股约 22 美元的市场价格。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05db90bdfb26c691331c9cdede01a87b\" tg-width=\"595\" tg-height=\"297\" referrerpolicy=\"no-referrer\"><span>Source: Own estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：自己的估计</span></p></blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> Despite its advanced data software solutions, Palantir continues to be an unattractive investment in our opinion and its stock is unlikely to move significantly higher anytime soon. The company doesn’t have a unique proposition at an affordable price on the market and there’s every reason to believe that its expenses will continue to increase in the following years due to the higher inflation and increased competition, while its bottom line will continue to suffer. As a result, despite signing new multi-million contracts from time to time, it’s still hard to justify its ~$40 billion market cap. Considering this, we strongly believe that Palantir is not a value investment at this stage, and not a growth play as well since the dilution risk and the continuous selling pressure are likely going to prevent the appreciation of its stock anytime soon.</p><p><blockquote>尽管拥有先进的数据软件解决方案，但我们认为 Palantir 仍然是一项没有吸引力的投资，其股价不太可能在短期内大幅走高。该公司在市场上没有一个价格实惠的独特主张，我们完全有理由相信，由于通货膨胀加剧和竞争加剧，其支出将在未来几年继续增加，而其利润将继续受到影响。因此，尽管不时签订数百万美元的新合同，但仍很难证明其约 400 亿美元的市值是合理的。考虑到这一点，我们坚信 Palantir 现阶段不是价值投资，也不是成长型投资，因为稀释风险和持续的抛售压力可能会阻止其股票很快升值。</blockquote></p><p> While we don’t expect the stock to depreciate to its fair value of $8.22 per share in the foreseeable future, a decent decline from the current market price is more than possible, especially since the company already trades at 28 times its revenues and is considered to be overvalued. For that reason, we stick to our opinion that Palantir’s upside appears to be limited and its future growth is already priced in.</p><p><blockquote>虽然我们预计该股在可预见的未来不会贬值至每股 8.22 美元的公允价值，但较目前的市场价格大幅下跌是完全有可能的，尤其是因为该公司的交易价格已经是其收入的 28 倍，被认为被高估了。因此，我们坚持认为 Palantir 的上涨空间似乎有限，其未来的增长已经被考虑在内。</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>Palantir: Prepare To Be Disappointed<blockquote>Palantir：做好失望的准备</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\">\nPalantir: Prepare To Be Disappointed<blockquote>Palantir：做好失望的准备</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-27 15:23</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>We continue to believe that Palantir’s upside appears to be limited and its future growth is already priced in.</li>  <li>Our analysis shows that Palantir’s fair value is $8.22 per share, which represents a downside of over 60% from the current market price.</li>  <li>The dilution risk and the continuous selling pressure are likely going to prevent the appreciation of Palantir’s stock anytime soon.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4ce2494cb75075c64622ebd6b351e43d\" tg-width=\"1536\" tg-height=\"1155\" referrerpolicy=\"no-referrer\"><span>Kevin Dietsch/Getty Images News</span></p><p><blockquote><ul><li>我们仍然认为，Palantir 的上涨空间似乎有限，其未来的增长已经被考虑在内。</li><li>我们的分析表明，Palantir 的公允价值为每股 8.22 美元，比当前市场价格下跌了 60% 以上。</li><li>稀释风险和持续的抛售压力很可能会阻止 Palantir 的股票很快升值。</li></ul><p class=\"t-img-caption\"><span>凯文·迪奇/盖蒂图片社新闻</span></p></blockquote></p><p> Palantir (PLTR) has been underperforming the market in recent weeks and we believe that its stock still has more room to fall. Our analysis shows that Palantir is extremely overvalued at the current levels and several issues are likely going to prevent its stock from appreciating further anytime soon. For that reason, we continue to believe that it’s better to avoid Palantir at the current price, as its upside appears to be limited.</p><p><blockquote>Palantir (PLTR) 最近几周的表现一直逊于市场，我们认为其股价仍有更大的下跌空间。我们的分析表明，Palantir 在当前水平上被极度高估，一些问题可能会阻止其股票在短期内进一步升值。因此，我们仍然认为，以目前的价格最好避开 Palantir，因为它的上涨空间似乎有限。</blockquote></p><p> <b>There Are Several Red Flags, Which You Shouldn’t Ignore</b></p><p><blockquote><b>有几个危险信号，你不应该忽视</b></blockquote></p><p> Palantir specializes in creating custom software solutions for collecting data for its clients, who are mostly government agencies and public companies. While some might think that Palantir is a young company with lots of potential, the reality is that it’s not a startup, as it has been in the business for almost two decades already, and since that time it has managed to add less than 200 customers. As a result, the company is exposed to a limited pool of organizations, who generate most of the revenues. This is mostly because Palantir doesn’t have a scalable business. The value of the company’s average contract ranges from $5 million to $6 million, which prevents small and medium businesses from using its services. While Palantir tries to tackle this issue by offering its Foundry platform for the commercial sector at attractive terms, it’s still too soon to tell whether it will improve its affordability to most of the third parties and have any major impact on its financials in the long run.</p><p><blockquote>Palantir专门为其客户创建定制软件解决方案来收集数据，这些客户大多是政府机构和上市公司。虽然有些人可能认为 Palantir 是一家潜力巨大的年轻公司，但现实情况是，它并不是一家初创公司，因为它已经经营了近二十年，从那时起，它只增加了不到 200 名客户。因此，该公司接触到的组织数量有限，而这些组织产生了大部分收入。这主要是因为 Palantir 没有可扩展的业务。该公司的平均合同价值从 500 万美元到 600 万美元不等，这使得中小型企业无法使用其服务。虽然 Palantir 正试图通过以有吸引力的条款向商业部门提供代工平台来解决这一问题，但从长远来看，它是否会提高大多数第三方的可负担性，是否会对其财务状况产生重大影响，还为时过早。</blockquote></p><p> In addition, while bulls might want to deny this, but Palantir operates like a consulting company. The company has a special position of a forward-deployed engineer, who analyzes different processes of potential clients and then explains how Palantir’s software could help them improve their operations. Considering this, it’s safe to say that Palantir doesn’t have a unique business model since its whole proposition is that it can analyze the available data better than others. However, nothing stops new entrants from entering the field and offering similar solutions, and nothing stops organizations' internal IT departments from developing better tools to analyze all of the processes at a more affordable price.</p><p><blockquote>此外，虽然多头可能想否认这一点，但 Palantir 的运营方式就像一家咨询公司。该公司有一个特殊的前端部署工程师职位，他负责分析潜在客户的不同流程，然后解释 Palantir 的软件如何帮助他们改善运营。考虑到这一点，可以肯定地说，Palantir 并没有独特的商业模式，因为它的整个主张是它能比其他公司更好地分析现有数据。然而，没有什么能阻止新进入者进入该领域并提供类似的解决方案，也没有什么能阻止组织的内部 IT 部门开发更好的工具，以更实惠的价格分析所有流程。</blockquote></p><p> Another downside of Palantir is that despite the increase in margins and gross profit in recent quarters, it never made a profit in its history after being so long in the business. Its operating loss has onlywidenedin recent years from -$600 million in 2018 to -$1.17 billion in 2020, to -$1.22 billion in the last twelve months. This is due to the excessive stock-based compensation program that results in increased expenses and massive dilution, which is something that a lot of bulls tend to ignore. Let’s not forget that the company’s expenses relating to the SBC program increased by around 257% year over year last quarter and were $193 million. At the same time, Palantir already has 1.8 billion shares outstanding, an increase from 1.52 billion shares, which were outstanding at the end of last year. The problem is that the excessive SBC program will continue to be a major issue for the company’s investors since there are still 477 million optionsoutstanding, which will dilute the current shareholders by more than 20% if fully exercised.</p><p><blockquote>Palantir 的另一个缺点是，尽管最近几个季度的利润率和毛利润有所增长，但在从事该行业这么久之后，它的历史上从未盈利过。近年来，其运营亏损仅从2018年的-6亿美元扩大到2020年的-11.7亿美元，再到过去12个月的-12.2亿美元。这是由于过度的股票薪酬计划导致费用增加和大规模稀释，这是许多多头往往忽视的。别忘了，上一季度公司与 SBC 项目相关的支出同比增长约 257%，达到 1.93 亿美元。与此同时，Palantir已经有18亿股流通股，比去年底的15.2亿股有所增加。问题是，过度的 SBC 计划仍将是公司投资者面临的一个主要问题，因为仍有 4.77 亿份期权尚未行使，如果全部行使，现有股东的权益将被稀释 20% 以上。</blockquote></p><p> For that reason, we continue to believe that Palantir’s stock will continue to be an unattractive investment and it’ll likely continue to underperform the market. It’s already down ~15% since our bearisharticlewas published a month ago and we believe that there’s more room for a depreciation.</p><p><blockquote>因此，我们仍然认为 Palantir 的股票将继续是一项没有吸引力的投资，而且很可能继续跑输大盘。自一个月前我们发表看跌文章以来，股价已经下跌了约 15%，我们认为还有更大的贬值空间。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/facca499bd702a4193cac4eabbe4a9a2\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"><span>Chart: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>图表：寻求阿尔法</span></p></blockquote></p><p></p><p> Another reason to be bearish about Palantir is due to the fact that there’s an extreme selling pressure, which is created by the company’s insiders and its CEO in particular, who are constantly dumping their shares on an open market. In July alone insiderssoldin total $63 million worth of Palantir shares, which is only $31 million slightly less than what they sold in Q1 when the lockup period expired. Considering this and the fact that they still have ~10% ownership stake in the company, it’s safe to assume they’ll continue to sell their shares and create an even greater selling pressure, which is likely going to prevent the stock from significantly appreciating from the current levels.</p><p><blockquote>看空 Palantir 的另一个原因是，该公司内部人士，尤其是首席执行官，不断在公开市场上抛售股票，造成了巨大的抛售压力。仅在 7 月份，内部人士就总共出售了价值 6300 万美元的 Palantir 股票，仅比锁定期到期时第一季度出售的股票略少 3100 万美元。考虑到这一点，以及他们仍持有该公司约 10% 的股权，可以肯定的是，他们将继续抛售股票，造成更大的抛售压力，这很可能会阻止股票从目前的水平大幅升值。</blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> We created a discounted cash flow model to find Palantir’s fair value. The weighted average cost of capital in our model is 6%, while the terminal growth rate is 3%.</p><p><blockquote>我们创建了一个贴现现金流模型来计算 Palantir 的公允价值。我们模型中的加权平均资本成本为6%，而最终增长率为3%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb588ed877784db58cfe10b7d49d6dae\" tg-width=\"772\" tg-height=\"390\" referrerpolicy=\"no-referrer\"><span>Source: Capital IQ, Own estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Capital IQ、自己的估计</span></p></blockquote></p><p> After doing all the necessary calculations, our DCF model showed that Palantir’s fair value is $8.47 per share, which represents a downside of over 60% from the current market price.</p><p><blockquote>在进行了所有必要的计算后，我们的 DCF 模型显示，Palantir 的公允价值为每股 8.47 美元，比当前市场价格下跌了 60% 以上。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9988abd16861dfad80d5febd22b2c1fb\" tg-width=\"404\" tg-height=\"368\" referrerpolicy=\"no-referrer\"><span>Source: Own estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：自己的估计</span></p></blockquote></p><p> For relative valuation, we compared Palantir to eight other companies from the tech industry and the SaaS niche in particular. By looking at the numbers below, we could safely say that Palantir is extremely overvalued to others, especially since its EBITDA margin of -72.8% is the worst among its peers, and at a market cap of ~$40 billion, its stock is overpriced.</p><p><blockquote>对于相对估值，我们将 Palantir 与科技行业，特别是 SaaS 领域的其他八家公司进行了比较。通过查看下面的数字，我们可以有把握地说，Palantir 被其他公司严重高估了，特别是因为其 -72.8% 的 EBITDA 利润率是同行中最差的，而且市值约为 400 亿美元，其股票被高估了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/70de8f9f7b52ae29d77492ed21083982\" tg-width=\"751\" tg-height=\"335\" referrerpolicy=\"no-referrer\"><span>Source: Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Capital IQ</span></p></blockquote></p><p> By consolidating the DCF model and the relative valuation method and giving the former 75% weight in the final analysis, while giving the latter 25$ weight in the final analysis, we concluded that Palantir’s final fair value is $8.22 per share, which is significantly below its current market price of ~$22 per share.</p><p><blockquote>通过合并 DCF 模型和相对估值法，并在最终分析中给予前者 75% 的权重，而在最终分析中给予后者 25 美元的权重，我们得出的结论是，Palantir 的最终公允价值为每股 8.22 美元，大大低于其目前每股约 22 美元的市场价格。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05db90bdfb26c691331c9cdede01a87b\" tg-width=\"595\" tg-height=\"297\" referrerpolicy=\"no-referrer\"><span>Source: Own estimates</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：自己的估计</span></p></blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> Despite its advanced data software solutions, Palantir continues to be an unattractive investment in our opinion and its stock is unlikely to move significantly higher anytime soon. The company doesn’t have a unique proposition at an affordable price on the market and there’s every reason to believe that its expenses will continue to increase in the following years due to the higher inflation and increased competition, while its bottom line will continue to suffer. As a result, despite signing new multi-million contracts from time to time, it’s still hard to justify its ~$40 billion market cap. Considering this, we strongly believe that Palantir is not a value investment at this stage, and not a growth play as well since the dilution risk and the continuous selling pressure are likely going to prevent the appreciation of its stock anytime soon.</p><p><blockquote>尽管拥有先进的数据软件解决方案，但我们认为 Palantir 仍然是一项没有吸引力的投资，其股价不太可能在短期内大幅走高。该公司在市场上没有一个价格实惠的独特主张，我们完全有理由相信，由于通货膨胀加剧和竞争加剧，其支出将在未来几年继续增加，而其利润将继续受到影响。因此，尽管不时签订数百万美元的新合同，但仍很难证明其约 400 亿美元的市值是合理的。考虑到这一点，我们坚信 Palantir 现阶段不是价值投资，也不是成长型投资，因为稀释风险和持续的抛售压力可能会阻止其股票很快升值。</blockquote></p><p> While we don’t expect the stock to depreciate to its fair value of $8.22 per share in the foreseeable future, a decent decline from the current market price is more than possible, especially since the company already trades at 28 times its revenues and is considered to be overvalued. For that reason, we stick to our opinion that Palantir’s upside appears to be limited and its future growth is already priced in.</p><p><blockquote>虽然我们预计该股在可预见的未来不会贬值至每股 8.22 美元的公允价值，但较目前的市场价格大幅下跌是完全有可能的，尤其是因为该公司的交易价格已经是其收入的 28 倍，被认为被高估了。因此，我们坚持认为 Palantir 的上涨空间似乎有限，其未来的增长已经被考虑在内。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4441334-palantir-prepare-to-be-disappointed\">seekingalpha</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":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4441334-palantir-prepare-to-be-disappointed","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139478455","content_text":"Summary\n\nWe continue to believe that Palantir’s upside appears to be limited and its future growth is already priced in.\nOur analysis shows that Palantir’s fair value is $8.22 per share, which represents a downside of over 60% from the current market price.\nThe dilution risk and the continuous selling pressure are likely going to prevent the appreciation of Palantir’s stock anytime soon.\n\nKevin Dietsch/Getty Images News\nPalantir (PLTR) has been underperforming the market in recent weeks and we believe that its stock still has more room to fall. Our analysis shows that Palantir is extremely overvalued at the current levels and several issues are likely going to prevent its stock from appreciating further anytime soon. For that reason, we continue to believe that it’s better to avoid Palantir at the current price, as its upside appears to be limited.\nThere Are Several Red Flags, Which You Shouldn’t Ignore\nPalantir specializes in creating custom software solutions for collecting data for its clients, who are mostly government agencies and public companies. While some might think that Palantir is a young company with lots of potential, the reality is that it’s not a startup, as it has been in the business for almost two decades already, and since that time it has managed to add less than 200 customers. As a result, the company is exposed to a limited pool of organizations, who generate most of the revenues. This is mostly because Palantir doesn’t have a scalable business. The value of the company’s average contract ranges from $5 million to $6 million, which prevents small and medium businesses from using its services. While Palantir tries to tackle this issue by offering its Foundry platform for the commercial sector at attractive terms, it’s still too soon to tell whether it will improve its affordability to most of the third parties and have any major impact on its financials in the long run.\nIn addition, while bulls might want to deny this, but Palantir operates like a consulting company. The company has a special position of a forward-deployed engineer, who analyzes different processes of potential clients and then explains how Palantir’s software could help them improve their operations. Considering this, it’s safe to say that Palantir doesn’t have a unique business model since its whole proposition is that it can analyze the available data better than others. However, nothing stops new entrants from entering the field and offering similar solutions, and nothing stops organizations' internal IT departments from developing better tools to analyze all of the processes at a more affordable price.\nAnother downside of Palantir is that despite the increase in margins and gross profit in recent quarters, it never made a profit in its history after being so long in the business. Its operating loss has onlywidenedin recent years from -$600 million in 2018 to -$1.17 billion in 2020, to -$1.22 billion in the last twelve months. This is due to the excessive stock-based compensation program that results in increased expenses and massive dilution, which is something that a lot of bulls tend to ignore. Let’s not forget that the company’s expenses relating to the SBC program increased by around 257% year over year last quarter and were $193 million. At the same time, Palantir already has 1.8 billion shares outstanding, an increase from 1.52 billion shares, which were outstanding at the end of last year. The problem is that the excessive SBC program will continue to be a major issue for the company’s investors since there are still 477 million optionsoutstanding, which will dilute the current shareholders by more than 20% if fully exercised.\nFor that reason, we continue to believe that Palantir’s stock will continue to be an unattractive investment and it’ll likely continue to underperform the market. It’s already down ~15% since our bearisharticlewas published a month ago and we believe that there’s more room for a depreciation.\nChart: Seeking Alpha\nAnother reason to be bearish about Palantir is due to the fact that there’s an extreme selling pressure, which is created by the company’s insiders and its CEO in particular, who are constantly dumping their shares on an open market. In July alone insiderssoldin total $63 million worth of Palantir shares, which is only $31 million slightly less than what they sold in Q1 when the lockup period expired. Considering this and the fact that they still have ~10% ownership stake in the company, it’s safe to assume they’ll continue to sell their shares and create an even greater selling pressure, which is likely going to prevent the stock from significantly appreciating from the current levels.\nValuation\nWe created a discounted cash flow model to find Palantir’s fair value. The weighted average cost of capital in our model is 6%, while the terminal growth rate is 3%.\nSource: Capital IQ, Own estimates\nAfter doing all the necessary calculations, our DCF model showed that Palantir’s fair value is $8.47 per share, which represents a downside of over 60% from the current market price.\nSource: Own estimates\nFor relative valuation, we compared Palantir to eight other companies from the tech industry and the SaaS niche in particular. By looking at the numbers below, we could safely say that Palantir is extremely overvalued to others, especially since its EBITDA margin of -72.8% is the worst among its peers, and at a market cap of ~$40 billion, its stock is overpriced.\nSource: Capital IQ\nBy consolidating the DCF model and the relative valuation method and giving the former 75% weight in the final analysis, while giving the latter 25$ weight in the final analysis, we concluded that Palantir’s final fair value is $8.22 per share, which is significantly below its current market price of ~$22 per share.\nSource: Own estimates\nTakeaway\nDespite its advanced data software solutions, Palantir continues to be an unattractive investment in our opinion and its stock is unlikely to move significantly higher anytime soon. The company doesn’t have a unique proposition at an affordable price on the market and there’s every reason to believe that its expenses will continue to increase in the following years due to the higher inflation and increased competition, while its bottom line will continue to suffer. As a result, despite signing new multi-million contracts from time to time, it’s still hard to justify its ~$40 billion market cap. Considering this, we strongly believe that Palantir is not a value investment at this stage, and not a growth play as well since the dilution risk and the continuous selling pressure are likely going to prevent the appreciation of its stock anytime soon.\nWhile we don’t expect the stock to depreciate to its fair value of $8.22 per share in the foreseeable future, a decent decline from the current market price is more than possible, especially since the company already trades at 28 times its revenues and is considered to be overvalued. For that reason, we stick to our opinion that Palantir’s upside appears to be limited and its future growth is already priced in.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":3345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177232751,"gmtCreate":1627221421873,"gmtModify":1631891540050,"author":{"id":"4087614241741070","authorId":"4087614241741070","name":"ee22","avatar":"https://static.tigerbbs.com/028308438db45c2a37d707ada16c5045","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087614241741070","idStr":"4087614241741070"},"themes":[],"title":"","htmlText":"Hopeful!!","listText":"Hopeful!!","text":"Hopeful!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/177232751","repostId":"2153936352","repostType":4,"isVote":1,"tweetType":1,"viewCount":3830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174736808,"gmtCreate":1627137706704,"gmtModify":1631891540053,"author":{"id":"4087614241741070","authorId":"4087614241741070","name":"ee22","avatar":"https://static.tigerbbs.com/028308438db45c2a37d707ada16c5045","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087614241741070","idStr":"4087614241741070"},"themes":[],"title":"","htmlText":"Izzit too late to buy now?","listText":"Izzit too late to buy now?","text":"Izzit too late to buy now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/174736808","repostId":"2153989989","repostType":4,"isVote":1,"tweetType":1,"viewCount":3495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174738042,"gmtCreate":1627137530586,"gmtModify":1631891540057,"author":{"id":"4087614241741070","authorId":"4087614241741070","name":"ee22","avatar":"https://static.tigerbbs.com/028308438db45c2a37d707ada16c5045","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087614241741070","idStr":"4087614241741070"},"themes":[],"title":"","htmlText":"Y savvy move stock nv climb?","listText":"Y savvy move stock nv climb?","text":"Y savvy move stock nv climb?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/174738042","repostId":"1109439356","repostType":4,"isVote":1,"tweetType":1,"viewCount":2279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174041573,"gmtCreate":1627054234592,"gmtModify":1631891540055,"author":{"id":"4087614241741070","authorId":"4087614241741070","name":"ee22","avatar":"https://static.tigerbbs.com/028308438db45c2a37d707ada16c5045","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087614241741070","idStr":"4087614241741070"},"themes":[],"title":"","htmlText":"Izzit too late to jump in now?","listText":"Izzit too late to jump in now?","text":"Izzit too late to jump in now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/174041573","repostId":"1152547448","repostType":4,"isVote":1,"tweetType":1,"viewCount":4295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172693185,"gmtCreate":1626957025847,"gmtModify":1631891540057,"author":{"id":"4087614241741070","authorId":"4087614241741070","name":"ee22","avatar":"https://static.tigerbbs.com/028308438db45c2a37d707ada16c5045","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087614241741070","idStr":"4087614241741070"},"themes":[],"title":"","htmlText":"Go Elon go","listText":"Go Elon go","text":"Go Elon go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172693185","repostId":"1127427732","repostType":4,"repost":{"id":"1127427732","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":1626954531,"share":"https://www.laohunote.com/m/news/1127427732?lang=zh_CN&edition=full","pubTime":"2021-07-22 19:48","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127427732","media":"Tiger Newspress","summary":"(Julr 22) Stock futures advanced on Thursday, with investors looking to earnings and data for impetu","content":"<p>(Julr&nbsp;22)&nbsp;Stock futures advanced on Thursday, with investors looking to earnings and data for impetus to extend a 2-day rally that wiped out losses sustained during the worst trading day of 2021.</p><p><blockquote>（7 月 22 日）股指期货周四上涨，投资者寻求盈利和数据的推动，以延续为期两天的涨势，抹去了 2021 年最糟糕交易日遭受的损失。</blockquote></p><p> At 7:54 a.m. ET, Dow E-minis were up 47 points, or 0.14%, S&amp;P 500 E-minis were up 6.5&nbsp;points, or 0.15% and Nasdaq 100 E-minis rose 28.75 points, or 0.19%.&nbsp;</p><p><blockquote>美国东部时间上午 7:54，道琼斯电子迷你指数上涨 47 点，涨幅 0.14%，标普500电子迷你指数上涨 6.5 点，涨幅 0.15%，纳斯达克 100 电子迷你指数上涨 28.75 点，涨幅 0.19%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6f0ee7363c9fe8efde482515ffff79ac\" tg-width=\"1242\" tg-height=\"538\" referrerpolicy=\"no-referrer\">The turnaround from the Monday selloff shows “corporations have been very resilient through all this,”&nbsp;David Mazza, Direxion head of product, said on Bloomberg Television. “Earnings estimates are quite remarkable, probably some of the best on record. Even through all this, we have central-bank liquidity remaining very abundant, economic growth being robust.”</p><p><blockquote>Direxion 产品主管大卫-马扎（David Mazza）在彭博电视台（Bloomberg Television）上说，从周一的抛售情况来看，“企业在这一切中都表现出了很强的韧性”。“盈利预测相当出色，可能是有记录以来最好的预测之一。尽管如此，我们的央行流动性仍然非常充裕，经济增长强劲。”</blockquote></p><p> Energy and mega-cap tech stocks gained ahead of a new batch of earnings reports, the latest initial claims data and the first ECB meeting to incorporate the bank's new strategic review.&nbsp;Energy stocks Chevron Corp, Exxon Mobil, Schlumberger NV, Occidental Petroleum and Marathon Petroleum Corp climbed between 0.1% and 1%, tracking crude prices.</p><p><blockquote>在新一批财报、最新的初始索赔数据和首次欧洲央行会议纳入该行新的战略审查之前，能源和大型科技股上涨。跟随原油价格，能源股雪佛龙公司、埃克森美孚、斯伦贝谢公司、西方石油公司和马拉松石油公司上涨了0.1%至1%。</blockquote></p><p> Some other notable pre-market movers:</p><p><blockquote>其他一些著名的盘前推动者：</blockquote></p><p> <ul>  <li>Didi Global (DIDI) drops 3% in&nbsp;premarket&nbsp;trading after people familiar with the matter said Chinese regulators are considering serious, perhaps unprecedented, penalties for for the ride-hailing giant after its controversial initial public offering last month.</li>  <li>Texas Instruments (TXN) drops 4.8% after third-quarter sales and profit forecasts left analysts disappointed, with Barclays saying the “flat outlook leaves little to live for this late in the cycle.”</li>  <li>AT&amp;T (T) added 0.9% as the telecom operator beat analysts’ estimates for monthly phone bill paying subscriber additions in the second quarter, fueled by more Americans converting to 5G phones.</li>  <li>Dow (DOW) rose 1.3% after its second-quarter profit doubled from the first, as prices for its chemicals used in plastics and packaging rose on the back of strong consumer and industrial demand as well as lower inventories.</li>  <li><a href=\"https://laohu8.com/S/CEMI\">Chembio Diagnostics</a> (CEMI) gains 9.9% and <a href=\"https://laohu8.com/S/NURO\">NeuroMetrix</a> (NURO) surges 33% amid discussions on message boards at Reddit and StockTwits.</li> </ul> Elsewhere, the Labor Department’s report, due at 8:30 a.m. ET, is expected to show the number of Americans filing new claims for unemployment benefits fell to 350K (from 360K) for the week ended July 17, amid rampant worker shortages. Investors have been closely following the health of the jobs market on which monetary policy hinges, especially after a series of higher inflation reading recently sparked fears about a sooner-than expected paring of policy support as the economy reopens.</p><p><blockquote><ul><li>滴滴全球 (DIDI) 在盘前交易中下跌 3%，此前知情人士表示，中国监管机构正在考虑对这家网约车巨头在上个月备受争议的首次公开募股后处以严厉的、或许是前所未有的处罚。</li><li>德州仪器（TXN）股价下跌 4.8%，此前第三季度销售和利润预测令分析师失望，巴克莱银行表示，“在周期的后期，前景平淡，几乎没有生机”。</li><li>美国电话电报公司（AT&amp;T）上涨了 0.9%，该电信运营商第二季度每月支付电话费的用户数量超过了分析师的预期，原因是越来越多的美国人转向 5G 手机。</li><li>陶氏化学 (DOW) 第二季度利润较第一季度翻了一番，上涨 1.3%，原因是其用于塑料和包装的化学品价格上涨，原因是消费者和工业需求强劲以及库存下降。</li><li><a href=\"https://laohu8.com/S/CEMI\">化学生物诊断</a>(CEMI) 上涨 9.9%，<a href=\"https://laohu8.com/S/NURO\">神经测量学</a>在 Reddit 和 StockTwits 留言板上的讨论中，(NURO) 飙升 33%。</li></ul>在其他方面，美国劳工部将于美国东部时间上午 8:30 发布的报告预计将显示，在截至 7 月 17 日的一周内，由于工人短缺问题猖獗，新申请失业救济的美国人人数将从 36 万人降至 35 万人。投资者一直在密切关注货币政策所依赖的就业市场的健康状况，特别是在最近一系列较高的通胀数据引发了人们对经济重新开放后政策支持将比预期更早削减的担忧之后。</blockquote></p><p> Bitcoin briefly rose above $32,000 after getting a boost from Elon Musk, who said his space exploration company SpaceX owns the digital token.</p><p><blockquote>在得到埃隆·马斯克的提振后，比特币股价短暂上涨至 32,000 美元以上，埃隆·马斯克表示，他的太空探索公司 SpaceX 拥有该数字代币。</blockquote></p><p> In commodities oil hung on to most of Wednesday's sharp price rise, its biggest one-day gain in three months. Brent crude futures were last 0.4% softer at $71.94 a barrel, but had gained more than 4% on Wednesday. Gold was steady at $1,801 an ounce and cryptocurrencies were firm after bouncing from lows when Tesla boss Elon Musk said the carmaker would likely restart accepting bitcoin payments after due diligence on its energy use.</p><p><blockquote>大宗商品方面，油价延续了周三大部分大幅上涨的势头，创下三个月来最大单日涨幅。布伦特原油期货最新下跌 0.4%，至每桶 71.94 美元，但周三上涨超过 4%。黄金价格稳定在每盎司 1,801 美元，加密货币在从低点反弹后走强，特斯拉老板埃隆·马斯克 (Elon Musk) 表示，该汽车制造商可能会在对其能源使用情况进行尽职调查后重新开始接受比特币付款。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nToplines Before US Market Open on Thursday<blockquote>周四美国市场开盘前的顶线</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-07-22 19:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Julr&nbsp;22)&nbsp;Stock futures advanced on Thursday, with investors looking to earnings and data for impetus to extend a 2-day rally that wiped out losses sustained during the worst trading day of 2021.</p><p><blockquote>（7 月 22 日）股指期货周四上涨，投资者寻求盈利和数据的推动，以延续为期两天的涨势，抹去了 2021 年最糟糕交易日遭受的损失。</blockquote></p><p> At 7:54 a.m. ET, Dow E-minis were up 47 points, or 0.14%, S&amp;P 500 E-minis were up 6.5&nbsp;points, or 0.15% and Nasdaq 100 E-minis rose 28.75 points, or 0.19%.&nbsp;</p><p><blockquote>美国东部时间上午 7:54，道琼斯电子迷你指数上涨 47 点，涨幅 0.14%，标普500电子迷你指数上涨 6.5 点，涨幅 0.15%，纳斯达克 100 电子迷你指数上涨 28.75 点，涨幅 0.19%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6f0ee7363c9fe8efde482515ffff79ac\" tg-width=\"1242\" tg-height=\"538\" referrerpolicy=\"no-referrer\">The turnaround from the Monday selloff shows “corporations have been very resilient through all this,”&nbsp;David Mazza, Direxion head of product, said on Bloomberg Television. “Earnings estimates are quite remarkable, probably some of the best on record. Even through all this, we have central-bank liquidity remaining very abundant, economic growth being robust.”</p><p><blockquote>Direxion 产品主管大卫-马扎（David Mazza）在彭博电视台（Bloomberg Television）上说，从周一的抛售情况来看，“企业在这一切中都表现出了很强的韧性”。“盈利预测相当出色，可能是有记录以来最好的预测之一。尽管如此，我们的央行流动性仍然非常充裕，经济增长强劲。”</blockquote></p><p> Energy and mega-cap tech stocks gained ahead of a new batch of earnings reports, the latest initial claims data and the first ECB meeting to incorporate the bank's new strategic review.&nbsp;Energy stocks Chevron Corp, Exxon Mobil, Schlumberger NV, Occidental Petroleum and Marathon Petroleum Corp climbed between 0.1% and 1%, tracking crude prices.</p><p><blockquote>在新一批财报、最新的初始索赔数据和首次欧洲央行会议纳入该行新的战略审查之前，能源和大型科技股上涨。跟随原油价格，能源股雪佛龙公司、埃克森美孚、斯伦贝谢公司、西方石油公司和马拉松石油公司上涨了0.1%至1%。</blockquote></p><p> Some other notable pre-market movers:</p><p><blockquote>其他一些著名的盘前推动者：</blockquote></p><p> <ul>  <li>Didi Global (DIDI) drops 3% in&nbsp;premarket&nbsp;trading after people familiar with the matter said Chinese regulators are considering serious, perhaps unprecedented, penalties for for the ride-hailing giant after its controversial initial public offering last month.</li>  <li>Texas Instruments (TXN) drops 4.8% after third-quarter sales and profit forecasts left analysts disappointed, with Barclays saying the “flat outlook leaves little to live for this late in the cycle.”</li>  <li>AT&amp;T (T) added 0.9% as the telecom operator beat analysts’ estimates for monthly phone bill paying subscriber additions in the second quarter, fueled by more Americans converting to 5G phones.</li>  <li>Dow (DOW) rose 1.3% after its second-quarter profit doubled from the first, as prices for its chemicals used in plastics and packaging rose on the back of strong consumer and industrial demand as well as lower inventories.</li>  <li><a href=\"https://laohu8.com/S/CEMI\">Chembio Diagnostics</a> (CEMI) gains 9.9% and <a href=\"https://laohu8.com/S/NURO\">NeuroMetrix</a> (NURO) surges 33% amid discussions on message boards at Reddit and StockTwits.</li> </ul> Elsewhere, the Labor Department’s report, due at 8:30 a.m. ET, is expected to show the number of Americans filing new claims for unemployment benefits fell to 350K (from 360K) for the week ended July 17, amid rampant worker shortages. Investors have been closely following the health of the jobs market on which monetary policy hinges, especially after a series of higher inflation reading recently sparked fears about a sooner-than expected paring of policy support as the economy reopens.</p><p><blockquote><ul><li>滴滴全球 (DIDI) 在盘前交易中下跌 3%，此前知情人士表示，中国监管机构正在考虑对这家网约车巨头在上个月备受争议的首次公开募股后处以严厉的、或许是前所未有的处罚。</li><li>德州仪器（TXN）股价下跌 4.8%，此前第三季度销售和利润预测令分析师失望，巴克莱银行表示，“在周期的后期，前景平淡，几乎没有生机”。</li><li>美国电话电报公司（AT&amp;T）上涨了 0.9%，该电信运营商第二季度每月支付电话费的用户数量超过了分析师的预期，原因是越来越多的美国人转向 5G 手机。</li><li>陶氏化学 (DOW) 第二季度利润较第一季度翻了一番，上涨 1.3%，原因是其用于塑料和包装的化学品价格上涨，原因是消费者和工业需求强劲以及库存下降。</li><li><a href=\"https://laohu8.com/S/CEMI\">化学生物诊断</a>(CEMI) 上涨 9.9%，<a href=\"https://laohu8.com/S/NURO\">神经测量学</a>在 Reddit 和 StockTwits 留言板上的讨论中，(NURO) 飙升 33%。</li></ul>在其他方面，美国劳工部将于美国东部时间上午 8:30 发布的报告预计将显示，在截至 7 月 17 日的一周内，由于工人短缺问题猖獗，新申请失业救济的美国人人数将从 36 万人降至 35 万人。投资者一直在密切关注货币政策所依赖的就业市场的健康状况，特别是在最近一系列较高的通胀数据引发了人们对经济重新开放后政策支持将比预期更早削减的担忧之后。</blockquote></p><p> Bitcoin briefly rose above $32,000 after getting a boost from Elon Musk, who said his space exploration company SpaceX owns the digital token.</p><p><blockquote>在得到埃隆·马斯克的提振后，比特币股价短暂上涨至 32,000 美元以上，埃隆·马斯克表示，他的太空探索公司 SpaceX 拥有该数字代币。</blockquote></p><p> In commodities oil hung on to most of Wednesday's sharp price rise, its biggest one-day gain in three months. Brent crude futures were last 0.4% softer at $71.94 a barrel, but had gained more than 4% on Wednesday. Gold was steady at $1,801 an ounce and cryptocurrencies were firm after bouncing from lows when Tesla boss Elon Musk said the carmaker would likely restart accepting bitcoin payments after due diligence on its energy use.</p><p><blockquote>大宗商品方面，油价延续了周三大部分大幅上涨的势头，创下三个月来最大单日涨幅。布伦特原油期货最新下跌 0.4%，至每桶 71.94 美元，但周三上涨超过 4%。黄金价格稳定在每盎司 1,801 美元，加密货币在从低点反弹后走强，特斯拉老板埃隆·马斯克 (Elon Musk) 表示，该汽车制造商可能会在对其能源使用情况进行尽职调查后重新开始接受比特币付款。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127427732","content_text":"(Julr 22) Stock futures advanced on Thursday, with investors looking to earnings and data for impetus to extend a 2-day rally that wiped out losses sustained during the worst trading day of 2021.\nAt 7:54 a.m. ET, Dow E-minis were up 47 points, or 0.14%, S&P 500 E-minis were up 6.5 points, or 0.15% and Nasdaq 100 E-minis rose 28.75 points, or 0.19%. \nThe turnaround from the Monday selloff shows “corporations have been very resilient through all this,” David Mazza, Direxion head of product, said on Bloomberg Television. “Earnings estimates are quite remarkable, probably some of the best on record. Even through all this, we have central-bank liquidity remaining very abundant, economic growth being robust.”\nEnergy and mega-cap tech stocks gained ahead of a new batch of earnings reports, the latest initial claims data and the first ECB meeting to incorporate the bank's new strategic review. Energy stocks Chevron Corp, Exxon Mobil, Schlumberger NV, Occidental Petroleum and Marathon Petroleum Corp climbed between 0.1% and 1%, tracking crude prices.\nSome other notable pre-market movers:\n\nDidi Global (DIDI) drops 3% in premarket trading after people familiar with the matter said Chinese regulators are considering serious, perhaps unprecedented, penalties for for the ride-hailing giant after its controversial initial public offering last month.\nTexas Instruments (TXN) drops 4.8% after third-quarter sales and profit forecasts left analysts disappointed, with Barclays saying the “flat outlook leaves little to live for this late in the cycle.”\nAT&T (T) added 0.9% as the telecom operator beat analysts’ estimates for monthly phone bill paying subscriber additions in the second quarter, fueled by more Americans converting to 5G phones.\nDow (DOW) rose 1.3% after its second-quarter profit doubled from the first, as prices for its chemicals used in plastics and packaging rose on the back of strong consumer and industrial demand as well as lower inventories.\nChembio Diagnostics (CEMI) gains 9.9% and NeuroMetrix (NURO) surges 33% amid discussions on message boards at Reddit and StockTwits.\n\nElsewhere, the Labor Department’s report, due at 8:30 a.m. ET, is expected to show the number of Americans filing new claims for unemployment benefits fell to 350K (from 360K) for the week ended July 17, amid rampant worker shortages. Investors have been closely following the health of the jobs market on which monetary policy hinges, especially after a series of higher inflation reading recently sparked fears about a sooner-than expected paring of policy support as the economy reopens.\nBitcoin briefly rose above $32,000 after getting a boost from Elon Musk, who said his space exploration company SpaceX owns the digital token.\nIn commodities oil hung on to most of Wednesday's sharp price rise, its biggest one-day gain in three months. Brent crude futures were last 0.4% softer at $71.94 a barrel, but had gained more than 4% on Wednesday. Gold was steady at $1,801 an ounce and cryptocurrencies were firm after bouncing from lows when Tesla boss Elon Musk said the carmaker would likely restart accepting bitcoin payments after due diligence on its energy use.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171445114,"gmtCreate":1626759989538,"gmtModify":1631891540061,"author":{"id":"4087614241741070","authorId":"4087614241741070","name":"ee22","avatar":"https://static.tigerbbs.com/028308438db45c2a37d707ada16c5045","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087614241741070","idStr":"4087614241741070"},"themes":[],"title":"","htmlText":"My eyes has tuned n got used to the permanent reds of my portfolio","listText":"My eyes has tuned n got used to the permanent reds of my portfolio","text":"My eyes has tuned n got used to the permanent reds of my portfolio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171445114","repostId":"1149818409","repostType":4,"repost":{"id":"1149818409","kind":"news","pubTimestamp":1626746165,"share":"https://www.laohunote.com/m/news/1149818409?lang=zh_CN&edition=full","pubTime":"2021-07-20 09:56","market":"us","language":"en","title":"Is This the Long-Awaited Stock Market Crash?<blockquote>这是期待已久的股市崩盘吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149818409","media":"Motley Fool","summary":"Investors are always trying to anticipate the next stock market crash. Those searching for signs of ","content":"<p>Investors are always trying to anticipate the next stock market crash. Those searching for signs of the next major downturn for the market got some evidence supporting the idea that it could come sooner rather than later, with investors continuing to worry about the sharp increase in COVID-19 cases in the U.S. and in other areas of the world. As of 11:15 a.m. EDT, the&nbsp;<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI)was down 767 points to 33,921. The&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)had dropped 65 points to 4,262, and the&nbsp;<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)was lower by 143 points to 14,284.</p><p><blockquote>投资者总是试图预测下一次股市崩盘。那些寻找市场下一次重大衰退迹象的人得到了一些证据支持这种观点，即它可能会更快而不是更晚到来，投资者继续担心美国和世界其他地区的 COVID-19 病例急剧增加。截至美国东部时间上午 11:15，<b>道琼斯工业指数</b>(DJINDICES:^DJI) 下跌 767 点至 33,921 点。这个<b>标普500</b>（SNPINDEX:^GSPC）下跌65点至4,262点，<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）下跌 143 点至 14,284。</blockquote></p><p> You can always make a bearish case for why the stock market should stop going up, at least in the short run. However, investors spend too much time trying to figure out exact timing. If you're truly worried about your exposure to the stock market, then the time to take action is<i>before</i>the worst of the next bear market happens. Below, we'll take a closer look at what's hitting the market today and what response might be most appropriate.</p><p><blockquote>你总是可以对为什么股市应该停止上涨提出看跌的理由，至少在短期内是这样。然而，投资者花费了太多时间试图找出确切的时间。如果您真的担心自己在股市中的风险敞口，那么现在是采取行动的时候了<i>以前</i>下一个熊市最糟糕的情况发生了。下面，我们将仔细看看今天冲击市场的因素以及什么反应可能是最合适的。</blockquote></p><p> <b>Slowing down</b></p><p><blockquote><b>减速</b></blockquote></p><p> Many investors couldn't understand the huge gains that the stock market has produced over the past 15 months. Even as the global economy struggled under the weight of pandemic-caused lockdowns, the stock market reflected a level of optimism that simply didn't seem to be there yet. Eventually, vaccines led to reopenings, which in turn started to help lift the prospects for companies hit hard by the pandemic.</p><p><blockquote>许多投资者无法理解股市在过去15个月中产生的巨大收益。尽管全球经济在大流行造成的封锁重压下苦苦挣扎，但股市反映出一种似乎还不存在的乐观情绪。最终，疫苗导致重新开业，这反过来又开始帮助改善受疫情重创的公司的前景。</blockquote></p><p> Now, though, the fear among investors is that the markets have gotten ahead of themselves. As the delta variant helps stoke rising COVID-19 case counts, the idea that the pandemic would soon no longer be a major factor in the economy is starting to lose credibility.</p><p><blockquote>然而现在，投资者担心的是市场已经超越了自己。随着德尔塔变异毒株导致 COVID-19 病例数不断上升，疫情很快将不再是经济主要因素的观点开始失去可信度。</blockquote></p><p> That change of attitude is having dramatic impacts across the financial markets:</p><p><blockquote>这种态度的转变正在对整个金融市场产生巨大影响：</blockquote></p><p> <ul>  <li>Bond yields have plunged as investors seek the reliable, though minuscule, returns available from fixed income securities. Ten-year Treasury yields dropped below 1.2% Monday morning, and after having seen some upward movement in recent months, international bond yields now appear likely to remain negative in many countries throughout Europe for the foreseeable future.</li>  <li>The drop in long-term rates has hit financial stocks hard, with<b>Goldman Sachs</b>(NYSE:GS)leading big banks lower with a nearly 4% drop. Financials are playing a major role in pulling the Dow down by a larger percentage than other markets on Monday.</li>  <li>Signs ofinflationary pressureare showing early signs of potentially reversing. Crude oil fell nearly $5 per barrel on Monday, falling to $67 per barrel and causing oil-related stocks to fall.<b>Chevron</b>(NYSE:CVX)was among the Dow's weakest performers, falling more than 3% Monday morning.</li>  <li>Meanwhile, some stocks are benefiting.<b>Moderna</b>(NASDAQ:MRNA)shares rose, perhaps in anticipation ofgreater vaccine sales, while<b>Peloton Interactive</b>(NASDAQ:PTON)also gained ground as some anticipate that more fitness enthusiasts might stay home if health risk levels increase.</li> </ul> Meanwhile, cyclical stocks in areas like industrials and materials are also particularly weak. The declines are coming after a generally strong performance over the past year.</p><p><blockquote><ul><li>由于投资者寻求固定收益证券提供的可靠但微不足道的回报，债券收益率暴跌。周一上午，十年期国债收益率跌破1.2%，在经历了近几个月的一些上涨之后，在可预见的未来，欧洲许多国家的国际债券收益率似乎可能保持负值。</li><li>长期利率下降对金融股造成沉重打击，<b>高盛</b>（纽约证券交易所股票代码：GS）领先的大银行下跌近 4%。周一，金融股在推动道琼斯指数下跌的百分比高于其他市场方面发挥了重要作用。</li><li>通胀压力的迹象显示出潜在逆转的早期迹象。原油周一下跌近5美元/桶，跌至67美元/桶，并导致石油相关股票下跌。<b>人字形</b>（纽约证券交易所股票代码：CVX）是道琼斯指数表现最差的股票之一，周一上午下跌超过 3%。</li><li>与此同时，一些股票正在受益。<b>现代</b>（纳斯达克股票代码：MRNA）股价上涨，可能是由于预期疫苗销量增加，而<b>Peloton互动</b>（纳斯达克股票代码：PTON）也取得了进展，因为一些人预计，如果健康风险水平增加，更多的健身爱好者可能会呆在家里。</li></ul>与此同时，工业和材料等领域的周期性股票也尤其疲软。这种下降是在过去一年普遍表现强劲之后出现的。</blockquote></p><p> <b>Don't panic -- but be ready for what might come next</b></p><p><blockquote><b>不要惊慌——但要为接下来可能发生的事情做好准备</b></blockquote></p><p> It's always hard to deal with market downturns, and in particular, the long-term rise in the Dow makes declines seem worse than they really are. Drops of 2% have always been commonplace on Wall Street, but with the Dow having jumped as far as it has, the inevitable \"Dow Down 700+\" headlines always look more ominous.</p><p><blockquote>应对市场低迷总是很困难，特别是道琼斯指数的长期上涨使得下跌看起来比实际情况更糟糕。2%的下跌在华尔街一直很常见，但随着道琼斯指数的上涨，不可避免的“道琼斯指数下跌700+”的头条新闻总是看起来更加不祥。</blockquote></p><p> Panic-selling after a stock market crash almost never works out well, and that's why feeling comfortable with your current level of risk<i>before</i>a crash comes is so important. In particular, if you find your portfolio has a lot more invested in stocks than you thought after the big gains of the past year, it's not unreasonable to rebalance your portfolio and move some of that money out of the market before a crash. Many investors like to target certain percentages in various asset classes, and it's smart to periodically check in on your holdings to make sure gains in one area and losses in another haven't thrown your portfolio out of whack.</p><p><blockquote>股市崩盘后的恐慌性抛售几乎从来都不会奏效，这就是为什么对当前的风险水平感到满意<i>以前</i>车祸来了是如此重要。特别是，如果您发现您的投资组合在过去一年大幅上涨后对股票的投资比您想象的要多得多，那么在崩盘前重新平衡您的投资组合并将部分资金转移出市场并非不合理。许多投资者喜欢以各种资产类别的特定百分比为目标，明智的做法是定期检查您的持有量，以确保一个领域的收益和另一个领域的损失不会使您的投资组合失控。</blockquote></p><p> Monday morning's downward move doesn't count as a crash. That doesn't mean there won't be one later today, tomorrow, next week, or later this year. Regardless, though,having an investing strategythat acknowledges the inevitable fact that a crash will come at some point will definitely help you whenever that fateful day finally does arrive.</p><p><blockquote>周一早上的下跌不算崩盘。这并不意味着今天晚些时候、明天、下周或今年晚些时候不会有。不过，无论如何，拥有一个承认崩盘在某个时候不可避免的事实的投资策略，肯定会在决定性的一天最终到来时对你有所帮助。</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>Is This the Long-Awaited Stock Market Crash?<blockquote>这是期待已久的股市崩盘吗？</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\">\nIs This the Long-Awaited Stock Market Crash?<blockquote>这是期待已久的股市崩盘吗？</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\">2021-07-20 09:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Investors are always trying to anticipate the next stock market crash. Those searching for signs of the next major downturn for the market got some evidence supporting the idea that it could come sooner rather than later, with investors continuing to worry about the sharp increase in COVID-19 cases in the U.S. and in other areas of the world. As of 11:15 a.m. EDT, the&nbsp;<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI)was down 767 points to 33,921. The&nbsp;<b>S&amp;P 500</b>(SNPINDEX:^GSPC)had dropped 65 points to 4,262, and the&nbsp;<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)was lower by 143 points to 14,284.</p><p><blockquote>投资者总是试图预测下一次股市崩盘。那些寻找市场下一次重大衰退迹象的人得到了一些证据支持这种观点，即它可能会更快而不是更晚到来，投资者继续担心美国和世界其他地区的 COVID-19 病例急剧增加。截至美国东部时间上午 11:15，<b>道琼斯工业指数</b>(DJINDICES:^DJI) 下跌 767 点至 33,921 点。这个<b>标普500</b>（SNPINDEX:^GSPC）下跌65点至4,262点，<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）下跌 143 点至 14,284。</blockquote></p><p> You can always make a bearish case for why the stock market should stop going up, at least in the short run. However, investors spend too much time trying to figure out exact timing. If you're truly worried about your exposure to the stock market, then the time to take action is<i>before</i>the worst of the next bear market happens. Below, we'll take a closer look at what's hitting the market today and what response might be most appropriate.</p><p><blockquote>你总是可以对为什么股市应该停止上涨提出看跌的理由，至少在短期内是这样。然而，投资者花费了太多时间试图找出确切的时间。如果您真的担心自己在股市中的风险敞口，那么现在是采取行动的时候了<i>以前</i>下一个熊市最糟糕的情况发生了。下面，我们将仔细看看今天冲击市场的因素以及什么反应可能是最合适的。</blockquote></p><p> <b>Slowing down</b></p><p><blockquote><b>减速</b></blockquote></p><p> Many investors couldn't understand the huge gains that the stock market has produced over the past 15 months. Even as the global economy struggled under the weight of pandemic-caused lockdowns, the stock market reflected a level of optimism that simply didn't seem to be there yet. Eventually, vaccines led to reopenings, which in turn started to help lift the prospects for companies hit hard by the pandemic.</p><p><blockquote>许多投资者无法理解股市在过去15个月中产生的巨大收益。尽管全球经济在大流行造成的封锁重压下苦苦挣扎，但股市反映出一种似乎还不存在的乐观情绪。最终，疫苗导致重新开业，这反过来又开始帮助改善受疫情重创的公司的前景。</blockquote></p><p> Now, though, the fear among investors is that the markets have gotten ahead of themselves. As the delta variant helps stoke rising COVID-19 case counts, the idea that the pandemic would soon no longer be a major factor in the economy is starting to lose credibility.</p><p><blockquote>然而现在，投资者担心的是市场已经超越了自己。随着德尔塔变异毒株导致 COVID-19 病例数不断上升，疫情很快将不再是经济主要因素的观点开始失去可信度。</blockquote></p><p> That change of attitude is having dramatic impacts across the financial markets:</p><p><blockquote>这种态度的转变正在对整个金融市场产生巨大影响：</blockquote></p><p> <ul>  <li>Bond yields have plunged as investors seek the reliable, though minuscule, returns available from fixed income securities. Ten-year Treasury yields dropped below 1.2% Monday morning, and after having seen some upward movement in recent months, international bond yields now appear likely to remain negative in many countries throughout Europe for the foreseeable future.</li>  <li>The drop in long-term rates has hit financial stocks hard, with<b>Goldman Sachs</b>(NYSE:GS)leading big banks lower with a nearly 4% drop. Financials are playing a major role in pulling the Dow down by a larger percentage than other markets on Monday.</li>  <li>Signs ofinflationary pressureare showing early signs of potentially reversing. Crude oil fell nearly $5 per barrel on Monday, falling to $67 per barrel and causing oil-related stocks to fall.<b>Chevron</b>(NYSE:CVX)was among the Dow's weakest performers, falling more than 3% Monday morning.</li>  <li>Meanwhile, some stocks are benefiting.<b>Moderna</b>(NASDAQ:MRNA)shares rose, perhaps in anticipation ofgreater vaccine sales, while<b>Peloton Interactive</b>(NASDAQ:PTON)also gained ground as some anticipate that more fitness enthusiasts might stay home if health risk levels increase.</li> </ul> Meanwhile, cyclical stocks in areas like industrials and materials are also particularly weak. The declines are coming after a generally strong performance over the past year.</p><p><blockquote><ul><li>由于投资者寻求固定收益证券提供的可靠但微不足道的回报，债券收益率暴跌。周一上午，十年期国债收益率跌破1.2%，在经历了近几个月的一些上涨之后，在可预见的未来，欧洲许多国家的国际债券收益率似乎可能保持负值。</li><li>长期利率下降对金融股造成沉重打击，<b>高盛</b>（纽约证券交易所股票代码：GS）领先的大银行下跌近 4%。周一，金融股在推动道琼斯指数下跌的百分比高于其他市场方面发挥了重要作用。</li><li>通胀压力的迹象显示出潜在逆转的早期迹象。原油周一下跌近5美元/桶，跌至67美元/桶，并导致石油相关股票下跌。<b>人字形</b>（纽约证券交易所股票代码：CVX）是道琼斯指数表现最差的股票之一，周一上午下跌超过 3%。</li><li>与此同时，一些股票正在受益。<b>现代</b>（纳斯达克股票代码：MRNA）股价上涨，可能是由于预期疫苗销量增加，而<b>Peloton互动</b>（纳斯达克股票代码：PTON）也取得了进展，因为一些人预计，如果健康风险水平增加，更多的健身爱好者可能会呆在家里。</li></ul>与此同时，工业和材料等领域的周期性股票也尤其疲软。这种下降是在过去一年普遍表现强劲之后出现的。</blockquote></p><p> <b>Don't panic -- but be ready for what might come next</b></p><p><blockquote><b>不要惊慌——但要为接下来可能发生的事情做好准备</b></blockquote></p><p> It's always hard to deal with market downturns, and in particular, the long-term rise in the Dow makes declines seem worse than they really are. Drops of 2% have always been commonplace on Wall Street, but with the Dow having jumped as far as it has, the inevitable \"Dow Down 700+\" headlines always look more ominous.</p><p><blockquote>应对市场低迷总是很困难，特别是道琼斯指数的长期上涨使得下跌看起来比实际情况更糟糕。2%的下跌在华尔街一直很常见，但随着道琼斯指数的上涨，不可避免的“道琼斯指数下跌700+”的头条新闻总是看起来更加不祥。</blockquote></p><p> Panic-selling after a stock market crash almost never works out well, and that's why feeling comfortable with your current level of risk<i>before</i>a crash comes is so important. In particular, if you find your portfolio has a lot more invested in stocks than you thought after the big gains of the past year, it's not unreasonable to rebalance your portfolio and move some of that money out of the market before a crash. Many investors like to target certain percentages in various asset classes, and it's smart to periodically check in on your holdings to make sure gains in one area and losses in another haven't thrown your portfolio out of whack.</p><p><blockquote>股市崩盘后的恐慌性抛售几乎从来都不会奏效，这就是为什么对当前的风险水平感到满意<i>以前</i>车祸来了是如此重要。特别是，如果您发现您的投资组合在过去一年大幅上涨后对股票的投资比您想象的要多得多，那么在崩盘前重新平衡您的投资组合并将部分资金转移出市场并非不合理。许多投资者喜欢以各种资产类别的特定百分比为目标，明智的做法是定期检查您的持有量，以确保一个领域的收益和另一个领域的损失不会使您的投资组合失控。</blockquote></p><p> Monday morning's downward move doesn't count as a crash. That doesn't mean there won't be one later today, tomorrow, next week, or later this year. Regardless, though,having an investing strategythat acknowledges the inevitable fact that a crash will come at some point will definitely help you whenever that fateful day finally does arrive.</p><p><blockquote>周一早上的下跌不算崩盘。这并不意味着今天晚些时候、明天、下周或今年晚些时候不会有。不过，无论如何，拥有一个承认崩盘在某个时候不可避免的事实的投资策略，肯定会在决定性的一天最终到来时对你有所帮助。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/07/19/is-this-the-long-awaited-stock-market-crash/\">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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/2021/07/19/is-this-the-long-awaited-stock-market-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149818409","content_text":"Investors are always trying to anticipate the next stock market crash. Those searching for signs of the next major downturn for the market got some evidence supporting the idea that it could come sooner rather than later, with investors continuing to worry about the sharp increase in COVID-19 cases in the U.S. and in other areas of the world. As of 11:15 a.m. EDT, the Dow Jones Industrial Average(DJINDICES:^DJI)was down 767 points to 33,921. The S&P 500(SNPINDEX:^GSPC)had dropped 65 points to 4,262, and the Nasdaq Composite(NASDAQINDEX:^IXIC)was lower by 143 points to 14,284.\nYou can always make a bearish case for why the stock market should stop going up, at least in the short run. However, investors spend too much time trying to figure out exact timing. If you're truly worried about your exposure to the stock market, then the time to take action isbeforethe worst of the next bear market happens. Below, we'll take a closer look at what's hitting the market today and what response might be most appropriate.\nSlowing down\nMany investors couldn't understand the huge gains that the stock market has produced over the past 15 months. Even as the global economy struggled under the weight of pandemic-caused lockdowns, the stock market reflected a level of optimism that simply didn't seem to be there yet. Eventually, vaccines led to reopenings, which in turn started to help lift the prospects for companies hit hard by the pandemic.\nNow, though, the fear among investors is that the markets have gotten ahead of themselves. As the delta variant helps stoke rising COVID-19 case counts, the idea that the pandemic would soon no longer be a major factor in the economy is starting to lose credibility.\nThat change of attitude is having dramatic impacts across the financial markets:\n\nBond yields have plunged as investors seek the reliable, though minuscule, returns available from fixed income securities. Ten-year Treasury yields dropped below 1.2% Monday morning, and after having seen some upward movement in recent months, international bond yields now appear likely to remain negative in many countries throughout Europe for the foreseeable future.\nThe drop in long-term rates has hit financial stocks hard, withGoldman Sachs(NYSE:GS)leading big banks lower with a nearly 4% drop. Financials are playing a major role in pulling the Dow down by a larger percentage than other markets on Monday.\nSigns ofinflationary pressureare showing early signs of potentially reversing. Crude oil fell nearly $5 per barrel on Monday, falling to $67 per barrel and causing oil-related stocks to fall.Chevron(NYSE:CVX)was among the Dow's weakest performers, falling more than 3% Monday morning.\nMeanwhile, some stocks are benefiting.Moderna(NASDAQ:MRNA)shares rose, perhaps in anticipation ofgreater vaccine sales, whilePeloton Interactive(NASDAQ:PTON)also gained ground as some anticipate that more fitness enthusiasts might stay home if health risk levels increase.\n\nMeanwhile, cyclical stocks in areas like industrials and materials are also particularly weak. The declines are coming after a generally strong performance over the past year.\nDon't panic -- but be ready for what might come next\nIt's always hard to deal with market downturns, and in particular, the long-term rise in the Dow makes declines seem worse than they really are. Drops of 2% have always been commonplace on Wall Street, but with the Dow having jumped as far as it has, the inevitable \"Dow Down 700+\" headlines always look more ominous.\nPanic-selling after a stock market crash almost never works out well, and that's why feeling comfortable with your current level of riskbeforea crash comes is so important. In particular, if you find your portfolio has a lot more invested in stocks than you thought after the big gains of the past year, it's not unreasonable to rebalance your portfolio and move some of that money out of the market before a crash. Many investors like to target certain percentages in various asset classes, and it's smart to periodically check in on your holdings to make sure gains in one area and losses in another haven't thrown your portfolio out of whack.\nMonday morning's downward move doesn't count as a crash. That doesn't mean there won't be one later today, tomorrow, next week, or later this year. Regardless, though,having an investing strategythat acknowledges the inevitable fact that a crash will come at some point will definitely help you whenever that fateful day finally does arrive.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171352595,"gmtCreate":1626707930917,"gmtModify":1631891540067,"author":{"id":"4087614241741070","authorId":"4087614241741070","name":"ee22","avatar":"https://static.tigerbbs.com/028308438db45c2a37d707ada16c5045","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087614241741070","idStr":"4087614241741070"},"themes":[],"title":"","htmlText":"Cos blue origin oso going to space n lift the entire industry? When u tink competition gonna crumple n it turns out win win.","listText":"Cos blue origin oso going to space n lift the entire industry? When u tink competition gonna crumple n it turns out win win.","text":"Cos blue origin oso going to space n lift the entire industry? When u tink competition gonna crumple n it turns out win win.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/171352595","repostId":"1114662059","repostType":4,"repost":{"id":"1114662059","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":1626704591,"share":"https://www.laohunote.com/m/news/1114662059?lang=zh_CN&edition=full","pubTime":"2021-07-19 22:23","market":"us","language":"en","title":"Virgin Galactic surged over 5% in morning trading<blockquote>维珍银河早盘交易中飙升超过 5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114662059","media":"Tiger Newspress","summary":"(July 19) Virgin Galactic surged over 5% in morning trading.","content":"<p>(July 19)&nbsp;Virgin Galactic surged over 5% in morning trading.</p><p><blockquote>（7月19日）维珍银河在早盘交易中飙升超过5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b8f94a7f1c7d417d76de1d48eeab69bb\" tg-width=\"709\" tg-height=\"550\" 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>Virgin Galactic surged over 5% in morning trading<blockquote>维珍银河早盘交易中飙升超过 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; 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\">\nVirgin Galactic surged over 5% in morning trading<blockquote>维珍银河早盘交易中飙升超过 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\">2021-07-19 22:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(July 19)&nbsp;Virgin Galactic surged over 5% in morning trading.</p><p><blockquote>（7月19日）维珍银河在早盘交易中飙升超过5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b8f94a7f1c7d417d76de1d48eeab69bb\" tg-width=\"709\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114662059","content_text":"(July 19) Virgin Galactic surged over 5% in morning trading.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":3362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}