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MarcusLaw
2021-10-15

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Upstart shares rose more than 4% to a new high<blockquote>Upstart股价涨超4%创新高</blockquote>

Upstart shares rose more than 4% to a new high in morning trading. Key Points Upstart Holdings is

Upstart shares rose more than 4% to a new high<blockquote>Upstart股价涨超4%创新高</blockquote>

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Because the broad market has returned&nbsp;almost 10% a year&nbsp;over time, it often takes a well-diversified portfolio and lots of patience.<blockquote><ul><li>Upstart Holdings仍预计其核心产品将实现高增长。</li><li>该公司的汽车贷款产品正在增加新的增长市场。</li><li>存在风险，但增长前景强劲。</li></ul>普通投资者可能很难获得跑赢市场的回报。由于随着时间的推移，大盘每年的回报率接近10%，因此通常需要多元化的投资组合和极大的耐心。</blockquote> But one good way to tip the odds in your favor is to look for growing companies that have a strong moat, lots of cash, and effective management. Even if only one of your growth picks ends up becoming a massive winner, it can more than make up for a big decliner -- after all you can only lose the money you invest, but finding a great company early in its lifespan can earn you many times that amount. My choice for a young winner that can help you beat Wall Street is&nbsp;Upstart Holdings(NASDAQ:UPST).<blockquote>但扭转局面的一个好方法是寻找拥有强大护城河、大量现金和有效管理的成长型公司。即使你的成长型选择中只有一个最终成为大赢家，它也足以弥补大跌幅——毕竟你只能损失你投资的钱，但在其生命早期找到一家伟大的公司可以让你赚到很多倍的钱。我对能帮助你击败华尔街的年轻赢家的选择是新贵控股（纳斯达克：UPST）。</blockquote> Becoming a key player in the banking industry<blockquote>成为银行业的关键参与者</blockquote> Upstart provides an artificial intelligence lending platform for banks that identifies risk more accurately than traditional methods. Instead of sorting borrowers into broad, generalized categories that miss individual risk factors, it uses 1,600 data points to assess a borrower's true credit risk. Using its services, banks are able to approve more loans, bringing in more funds with less risk.<blockquote>Upstart为银行提供了一个人工智能借贷平台，比传统方法更准确地识别风险。它没有将借款人分为忽略个别风险因素的广泛、通用的类别，而是使用1,600个数据点来评估借款人的真实信用风险。利用其服务，银行能够批准更多贷款，以更低的风险引入更多资金。</blockquote> That's an attractive model, and the company has demonstrated enormous growth since it went public a year ago. Second-quarter revenue increased more than 1,000%, and loans originated increased more than 1,600%. But with revenue of just $194 million in the second quarter, there's still plenty of room to grow. Management expects revenue to increase between 215% and 230% in the third quarter.<blockquote>这是一个有吸引力的模式，该公司自一年前上市以来表现出了巨大的增长。第二季度收入增长超过1000%，发放贷款增长超过1600%。但由于第二季度营收仅为1.94亿美元，仍有很大的增长空间。管理层预计第三季度收入将增长215%至230%。</blockquote> And the company says that total U.S. consumer credit was $4.2 trillion for the 12-month period that ended in June, according to data from TransUnion. Responsible for just 0.01% of that, Upstart has a&nbsp;huge addressable market.<blockquote>该公司表示，根据TransUnion的数据，截至6月份的12个月内，美国消费者信贷总额为4.2万亿美元。Upstart仅占其中的0.01%，但拥有巨大的潜在市场。</blockquote> Right now Upstart works predominantly with smaller banks, since the large ones can create their own solutions. And a large portion of its loans are concentrated in two banks -- which on the one hand means it can skyrocket as new banks sign on, but on the other hand means there's some risk attached to relying on two partners. But Upstart is improving in this area: Cross River Bank accounted for 79% of loans in Q2 2020, but only 60% in Q2 2021 as Upstart expanded.<blockquote>目前Upstart主要与小型银行合作，因为大型银行可以创建自己的解决方案。其贷款的很大一部分集中在两家银行——这一方面意味着随着新银行的加入，贷款可以飙升，但另一方面也意味着依赖两个合作伙伴存在一些风险。但Upstart在这方面正在改善：2020年第二季度，Cross River Bank占贷款的79%，但随着Upstart的扩张，2021年第二季度仅占60%。</blockquote> In the meantime, the company is already profitable, having turned a profit of $36 million after an $11 million loss in the second quarter of 2020.&nbsp;Another factor to consider is that Upstart caters to the banking industry, but it's not a bank itself, so it has less exposure to the&nbsp;risk that the banks take on. Some 97% of revenue comes from fees without any credit risk.<blockquote>与此同时，该公司已经实现盈利，在2020年第二季度亏损1100万美元后实现利润3600万美元。另一个需要考虑的因素是Upstart迎合银行业的需求，但它本身不是银行，因此它面临的风险较小。约97%的收入来自没有任何信用风险的费用。</blockquote> Upstart's newest product is Upstart Auto Retail, which it developed after acquiring Prodigy Software in April. The automotive industry is a $1 trillion market, with less than 1% of buyers satisfied with the process. Upstart is taking aim at this market, offering a better way to provide financing that approves more loans with less risk and makes for a better experience for dealers and buyers. It's already making progress: More than $1 billion worth of cars were purchased in the 2021 second quarter using the Upstart Auto Retail platform, which makes for a more transparent process for customers and higher profits for dealers.<blockquote>Upstart的最新产品是Upstart Auto Retail，它是在4月份收购Prodigy Software后开发的。汽车行业是一个价值1万亿美元的市场，只有不到1%的买家对这一过程感到满意。Upstart瞄准了这个市场，提供了一种更好的融资方式，以更低的风险批准更多贷款，并为经销商和买家提供更好的体验。它已经取得了进展：2021年第二季度使用Upstart汽车零售平台购买了价值超过10亿美元的汽车，这为客户提供了更加透明的流程，为经销商提供了更高的利润。</blockquote> This is another area where the company could post high growth for a long time. In Q2, Upstart expanded auto from 33 to 47 states, covering more than 95% of the U.S. population, which opens up a huge market to gain market share, and five bank partners signed onto the auto platform.<blockquote>这是该公司可以长期实现高增长的另一个领域。Q2，Upstart将auto从33个州扩展到47个州，覆盖了美国95%以上的人口，这为获得市场份额打开了巨大的市场，并有5家银行合作伙伴签约了auto平台。</blockquote> It's already beating Wall Street<blockquote>它已经击败了华尔街</blockquote> Upstart has already crushed the market in its limited time in the markets. At recent prices, shares have gained more than 1,000% since the stock's first-day closing price, while over the same time period the S&amp;P 500 has gained just 17%.<blockquote>Upstart在其有限的市场时间内已经碾压了市场。按近期价格计算，该股自首日收盘价以来已上涨超过1,000%，而同期标普500仅上涨17%。</blockquote> But all that investor excitement has pushed the stock price up to a massive valuation of nearly 400 times trailing-12-month earnings. The company's phenomenal growth justifies an elevated valuation, but this definitely tops a reasonable premium. I still think Upstart is a great stock to hold, and it can continue to beat the market long-term. However, at this point investors should be prepared for some volatility as the company grows into its stock price.<blockquote>但投资者的兴奋情绪已将股价推高至过去12个月市盈率近400倍的巨大估值。该公司惊人的增长证明了高估值的合理性，但这绝对超过了合理的溢价。我仍然认为Upstart是一只值得持有的股票，它可以继续长期击败市场。然而，在这一点上，随着公司股价的上涨，投资者应该为一些波动做好准备。</blockquote>","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>Upstart shares rose more than 4% to a new high<blockquote>Upstart股价涨超4%创新高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUpstart shares rose more than 4% to a new high<blockquote>Upstart股价涨超4%创新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2021-10-15 21:59\n</div>\n</a>\n</h4>\n</header>\n<article>\nUpstart shares rose more&nbsp;than 4% to a new high&nbsp;in&nbsp;morning trading.<blockquote>Upstart股价早盘上涨逾4%，再创新高。</blockquote> <img src=\"https://static.tigerbbs.com/d324708828662012cd9e32a1876b88a7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><blockquote></blockquote> Key Points<blockquote>要点</blockquote> <ul> <li>Upstart Holdings is still expecting high growth in its core products.</li> <li>The company's auto lending product is adding new growth markets.</li> <li>There are risks attached, but the growth prospects are strong.</li> </ul> It can be hard for casual investors to earn market-beating returns. Because the broad market has returned&nbsp;almost 10% a year&nbsp;over time, it often takes a well-diversified portfolio and lots of patience.<blockquote><ul><li>Upstart Holdings仍预计其核心产品将实现高增长。</li><li>该公司的汽车贷款产品正在增加新的增长市场。</li><li>存在风险，但增长前景强劲。</li></ul>普通投资者可能很难获得跑赢市场的回报。由于随着时间的推移，大盘每年的回报率接近10%，因此通常需要多元化的投资组合和极大的耐心。</blockquote> But one good way to tip the odds in your favor is to look for growing companies that have a strong moat, lots of cash, and effective management. Even if only one of your growth picks ends up becoming a massive winner, it can more than make up for a big decliner -- after all you can only lose the money you invest, but finding a great company early in its lifespan can earn you many times that amount. My choice for a young winner that can help you beat Wall Street is&nbsp;Upstart Holdings(NASDAQ:UPST).<blockquote>但扭转局面的一个好方法是寻找拥有强大护城河、大量现金和有效管理的成长型公司。即使你的成长型选择中只有一个最终成为大赢家，它也足以弥补大跌幅——毕竟你只能损失你投资的钱，但在其生命早期找到一家伟大的公司可以让你赚到很多倍的钱。我对能帮助你击败华尔街的年轻赢家的选择是新贵控股（纳斯达克：UPST）。</blockquote> Becoming a key player in the banking industry<blockquote>成为银行业的关键参与者</blockquote> Upstart provides an artificial intelligence lending platform for banks that identifies risk more accurately than traditional methods. Instead of sorting borrowers into broad, generalized categories that miss individual risk factors, it uses 1,600 data points to assess a borrower's true credit risk. Using its services, banks are able to approve more loans, bringing in more funds with less risk.<blockquote>Upstart为银行提供了一个人工智能借贷平台，比传统方法更准确地识别风险。它没有将借款人分为忽略个别风险因素的广泛、通用的类别，而是使用1,600个数据点来评估借款人的真实信用风险。利用其服务，银行能够批准更多贷款，以更低的风险引入更多资金。</blockquote> That's an attractive model, and the company has demonstrated enormous growth since it went public a year ago. Second-quarter revenue increased more than 1,000%, and loans originated increased more than 1,600%. But with revenue of just $194 million in the second quarter, there's still plenty of room to grow. Management expects revenue to increase between 215% and 230% in the third quarter.<blockquote>这是一个有吸引力的模式，该公司自一年前上市以来表现出了巨大的增长。第二季度收入增长超过1000%，发放贷款增长超过1600%。但由于第二季度营收仅为1.94亿美元，仍有很大的增长空间。管理层预计第三季度收入将增长215%至230%。</blockquote> And the company says that total U.S. consumer credit was $4.2 trillion for the 12-month period that ended in June, according to data from TransUnion. Responsible for just 0.01% of that, Upstart has a&nbsp;huge addressable market.<blockquote>该公司表示，根据TransUnion的数据，截至6月份的12个月内，美国消费者信贷总额为4.2万亿美元。Upstart仅占其中的0.01%，但拥有巨大的潜在市场。</blockquote> Right now Upstart works predominantly with smaller banks, since the large ones can create their own solutions. And a large portion of its loans are concentrated in two banks -- which on the one hand means it can skyrocket as new banks sign on, but on the other hand means there's some risk attached to relying on two partners. But Upstart is improving in this area: Cross River Bank accounted for 79% of loans in Q2 2020, but only 60% in Q2 2021 as Upstart expanded.<blockquote>目前Upstart主要与小型银行合作，因为大型银行可以创建自己的解决方案。其贷款的很大一部分集中在两家银行——这一方面意味着随着新银行的加入，贷款可以飙升，但另一方面也意味着依赖两个合作伙伴存在一些风险。但Upstart在这方面正在改善：2020年第二季度，Cross River Bank占贷款的79%，但随着Upstart的扩张，2021年第二季度仅占60%。</blockquote> In the meantime, the company is already profitable, having turned a profit of $36 million after an $11 million loss in the second quarter of 2020.&nbsp;Another factor to consider is that Upstart caters to the banking industry, but it's not a bank itself, so it has less exposure to the&nbsp;risk that the banks take on. Some 97% of revenue comes from fees without any credit risk.<blockquote>与此同时，该公司已经实现盈利，在2020年第二季度亏损1100万美元后实现利润3600万美元。另一个需要考虑的因素是Upstart迎合银行业的需求，但它本身不是银行，因此它面临的风险较小。约97%的收入来自没有任何信用风险的费用。</blockquote> Upstart's newest product is Upstart Auto Retail, which it developed after acquiring Prodigy Software in April. The automotive industry is a $1 trillion market, with less than 1% of buyers satisfied with the process. Upstart is taking aim at this market, offering a better way to provide financing that approves more loans with less risk and makes for a better experience for dealers and buyers. It's already making progress: More than $1 billion worth of cars were purchased in the 2021 second quarter using the Upstart Auto Retail platform, which makes for a more transparent process for customers and higher profits for dealers.<blockquote>Upstart的最新产品是Upstart Auto Retail，它是在4月份收购Prodigy Software后开发的。汽车行业是一个价值1万亿美元的市场，只有不到1%的买家对这一过程感到满意。Upstart瞄准了这个市场，提供了一种更好的融资方式，以更低的风险批准更多贷款，并为经销商和买家提供更好的体验。它已经取得了进展：2021年第二季度使用Upstart汽车零售平台购买了价值超过10亿美元的汽车，这为客户提供了更加透明的流程，为经销商提供了更高的利润。</blockquote> This is another area where the company could post high growth for a long time. In Q2, Upstart expanded auto from 33 to 47 states, covering more than 95% of the U.S. population, which opens up a huge market to gain market share, and five bank partners signed onto the auto platform.<blockquote>这是该公司可以长期实现高增长的另一个领域。Q2，Upstart将auto从33个州扩展到47个州，覆盖了美国95%以上的人口，这为获得市场份额打开了巨大的市场，并有5家银行合作伙伴签约了auto平台。</blockquote> It's already beating Wall Street<blockquote>它已经击败了华尔街</blockquote> Upstart has already crushed the market in its limited time in the markets. At recent prices, shares have gained more than 1,000% since the stock's first-day closing price, while over the same time period the S&amp;P 500 has gained just 17%.<blockquote>Upstart在其有限的市场时间内已经碾压了市场。按近期价格计算，该股自首日收盘价以来已上涨超过1,000%，而同期标普500仅上涨17%。</blockquote> But all that investor excitement has pushed the stock price up to a massive valuation of nearly 400 times trailing-12-month earnings. The company's phenomenal growth justifies an elevated valuation, but this definitely tops a reasonable premium. I still think Upstart is a great stock to hold, and it can continue to beat the market long-term. However, at this point investors should be prepared for some volatility as the company grows into its stock price.<blockquote>但投资者的兴奋情绪已将股价推高至过去12个月市盈率近400倍的巨大估值。该公司惊人的增长证明了高估值的合理性，但这绝对超过了合理的溢价。我仍然认为Upstart是一只值得持有的股票，它可以继续长期击败市场。然而，在这一点上，随着公司股价的上涨，投资者应该为一些波动做好准备。</blockquote>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UPST":"Upstart Holdings, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141634838","content_text":"Upstart shares rose more than 4% to a new high in morning trading.\n\nKey Points\n\nUpstart Holdings is still expecting high growth in its core products.\nThe company's auto lending product is adding new growth markets.\nThere are risks attached, but the growth prospects are strong.\n\nIt can be hard for casual investors to earn market-beating returns. Because the broad market has returned almost 10% a year over time, it often takes a well-diversified portfolio and lots of patience.\nBut one good way to tip the odds in your favor is to look for growing companies that have a strong moat, lots of cash, and effective management. Even if only one of your growth picks ends up becoming a massive winner, it can more than make up for a big decliner -- after all you can only lose the money you invest, but finding a great company early in its lifespan can earn you many times that amount. My choice for a young winner that can help you beat Wall Street is Upstart Holdings(NASDAQ:UPST).\nBecoming a key player in the banking industry\nUpstart provides an artificial intelligence lending platform for banks that identifies risk more accurately than traditional methods. Instead of sorting borrowers into broad, generalized categories that miss individual risk factors, it uses 1,600 data points to assess a borrower's true credit risk. Using its services, banks are able to approve more loans, bringing in more funds with less risk.\nThat's an attractive model, and the company has demonstrated enormous growth since it went public a year ago. Second-quarter revenue increased more than 1,000%, and loans originated increased more than 1,600%. But with revenue of just $194 million in the second quarter, there's still plenty of room to grow. Management expects revenue to increase between 215% and 230% in the third quarter.\nAnd the company says that total U.S. consumer credit was $4.2 trillion for the 12-month period that ended in June, according to data from TransUnion. Responsible for just 0.01% of that, Upstart has a huge addressable market.\nRight now Upstart works predominantly with smaller banks, since the large ones can create their own solutions. And a large portion of its loans are concentrated in two banks -- which on the one hand means it can skyrocket as new banks sign on, but on the other hand means there's some risk attached to relying on two partners. But Upstart is improving in this area: Cross River Bank accounted for 79% of loans in Q2 2020, but only 60% in Q2 2021 as Upstart expanded.\nIn the meantime, the company is already profitable, having turned a profit of $36 million after an $11 million loss in the second quarter of 2020. Another factor to consider is that Upstart caters to the banking industry, but it's not a bank itself, so it has less exposure to the risk that the banks take on. Some 97% of revenue comes from fees without any credit risk.\nUpstart's newest product is Upstart Auto Retail, which it developed after acquiring Prodigy Software in April. The automotive industry is a $1 trillion market, with less than 1% of buyers satisfied with the process. Upstart is taking aim at this market, offering a better way to provide financing that approves more loans with less risk and makes for a better experience for dealers and buyers. It's already making progress: More than $1 billion worth of cars were purchased in the 2021 second quarter using the Upstart Auto Retail platform, which makes for a more transparent process for customers and higher profits for dealers.\nThis is another area where the company could post high growth for a long time. In Q2, Upstart expanded auto from 33 to 47 states, covering more than 95% of the U.S. population, which opens up a huge market to gain market share, and five bank partners signed onto the auto platform.\nIt's already beating Wall Street\nUpstart has already crushed the market in its limited time in the markets. At recent prices, shares have gained more than 1,000% since the stock's first-day closing price, while over the same time period the S&P 500 has gained just 17%.\nBut all that investor excitement has pushed the stock price up to a massive valuation of nearly 400 times trailing-12-month earnings. The company's phenomenal growth justifies an elevated valuation, but this definitely tops a reasonable premium. I still think Upstart is a great stock to hold, and it can continue to beat the market long-term. However, at this point investors should be prepared for some volatility as the company grows into its stock price.","news_type":1,"symbols_score_info":{"UPST":0.9}},"isVote":1,"tweetType":1,"viewCount":1860,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}