J999的个人主页 - 老虎社区

J999

J999

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2022-01-29

Reposting

@小虎活动:加入滑雪夺金赛，赢最高2022美元股票代金券，还有限量版小虎盲盒等你拿！

2022-01-27

Good to be cautious

Apple Reports Earnings Thursday. Here’s Why at Least One Analyst Is Cautious.<blockquote>苹果周四公布财报。这就是为什么至少有一位分析师持谨慎态度。</blockquote>

2021-12-17

$UG HEALTHCARE CORPORATION LTD(8K7.SI)$wow

2021-09-10

$Tiger Brokers(TIGR)$great results

2021-07-21

$UBS Group AG(UBS)$great results

2021-07-11

Google not showing signs of slowing

2021-07-01

Haha all da best

抱歉，原内容已删除

2021-07-01

Here

The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.<blockquote>标普500取得了自互联网泡沫以来第二好的上半年成绩。接下来会发生什么。</blockquote>

2021-07-01

New highs

2021-06-29

Woah nice

抱歉，原内容已删除

2021-06-29

I see

抱歉，原内容已删除

2021-06-28

Consider

抱歉，原内容已删除

2021-06-27

Nice

Microsoft Rides Its Cloud Business to a $2 Trillion Market Cap. It’s Not Done Yet.<blockquote>微软的云业务市值达到2万亿美元。还没做完呢。</blockquote>

2021-06-26

I see

抱歉，原内容已删除

2021-06-24

Finally

Keppel, Sembcorp Marine in talks for marine services deal, sources say<blockquote>消息人士称，吉宝与胜科海事正在就海事服务协议进行谈判</blockquote>

2021-06-23

Woah...

2021-06-23

Awaiting

抱歉，原内容已删除

2021-06-22

Nice

Will This Reverse Stock Split Be a Rare Winner?<blockquote>这次反向股票分割会是罕见的赢家吗？</blockquote>

2021-06-22

Sideways

2021-06-21

Well looking forward yo

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cautious","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/639665758","repostId":"1185304232","repostType":4,"repost":{"id":"1185304232","kind":"news","pubTimestamp":1643167210,"share":"https://www.laohu8.com/m/news/1185304232?lang=zh_CN&edition=full","pubTime":"2022-01-26 11:20","market":"us","language":"en","title":"Apple Reports Earnings Thursday. Here’s Why at Least One Analyst Is Cautious.<blockquote>苹果周四公布财报。这就是为什么至少有一位分析师持谨慎态度。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185304232","media":"Barrons","summary":"Apple stock has stalled out, dragged down by the broader slide in stock valuations. The company repo","content":"<p><html><head></head><body>Apple stock has stalled out, dragged down by the broader slide in stock valuations. The company reports December quarter results Thursday afternoon, and bulls think strong iPhone sales could power a better-than-expected top line, and profits. But not everyone is so sure.</p><p><blockquote><html><head></head><body>受股票估值普遍下滑的拖累，苹果股价陷入停滞。该公司周四下午公布了12月份季度业绩，看涨者认为强劲的iPhone销售可能会带来好于预期的营收和利润。但不是每个人都这么确定。</body></html></blockquote></p><p>Goldman Sachs analyst Rod Hall, who carries a Neutral rating on Apple (ticker: AAPL) stock, has long been one of the Street’s more-cautious analysts on the shares, and this quarter is no exception. He sees risk the quarter will disappoint.</p><p><blockquote>高盛分析师罗德·霍尔(Rod Hall)对苹果（股票代码：AAPL）股票给予中性评级，长期以来一直是华尔街对该股较为谨慎的分析师之一，本季度也不例外。他认为本季度的风险将令人失望。</blockquote></p><p>Hall says that both retail sales data and Chinese data on handset sales suggest “slower momentum in December” than in recent months. He thinks the trend could trigger cautious commentary from Apple on the outlook for March-quarter iPhone demand. He’s also cautious on Apple’s Services business, based on moderating growth from both the App Store and search revenue. He says that Apple may have executed better-than-plan against supply constraints, but adds that both services and fading iPhone demand late in the quarter “add risk to both the quarter and outlook commentary.”</p><p><blockquote>霍尔表示，零售销售数据和中国手机销售数据都表明，“12月份的势头比最近几个月要慢”。他认为这一趋势可能会引发苹果对3月份季度iPhone需求前景的谨慎评论。基于应用商店和搜索收入增长放缓，他对苹果的服务业务也持谨慎态度。他表示，苹果在应对供应限制方面的表现可能好于计划，但他补充说，服务和本季度末iPhone需求的下降“增加了本季度和前景评论的风险”。</blockquote></p><p>For the Services segment, he notes that growth in the September 2021 fiscal year was 27%, accelerating from about 16% in each or the two prior years. Hall points out that data from the app tracking firm Sensor Tower suggest that revenue growth from the App Store decelerated throughout calendar 2021.</p><p><blockquote>对于服务部门，他指出，2021年9月财年的增长率为27%，高于前一两年的16%左右。霍尔指出，应用程序跟踪公司Sensor Tower的数据表明，App Store的收入增长在2021年全年放缓。</blockquote></p><p>The Goldman analyst also notes that Apple’s fiscal first quarter this time actually ended Dec. 25, rather than Dec. 31, pushing sales from the typically strong post-Christmas week into the fiscal second quarter.</p><p><blockquote>这位高盛分析师还指出，苹果第一财季实际上于12月25日结束，而不是12月31日，这将销售从圣诞节后一周通常强劲的销售推至第二财季。</blockquote></p><p>He adds that “widely publicized supply shortages may have driven consumers to pull forward holiday shopping making December data harder to interpret than in a more normal year.” He points out that December U.S. retail sales were down 3.1%, “much weaker than expected.” Not least, he contends that recent subscriber growth weakness at Netflix and moderating demand for Peloton hardware suggest an ebbing of pandemic-era demand spikes that have been a boon to Apple over the past two years.</p><p><blockquote>他补充道，“广泛宣传的供应短缺可能促使消费者提前假日购物，使得12月份的数据比正常年份更难解读。”他指出，12月份美国零售额下降3.1%，“远弱于预期”。更重要的是，他认为Netflix最近的用户增长疲软以及对Peloton硬件的需求放缓表明，过去两年对苹果有利的大流行时期的需求激增正在消退。</blockquote></p><p>Apple stock closed 1.1% lower at $159.78 on Tuesday.</p><p><blockquote>苹果股价周二收盘下跌1.1%，至159.78美元。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Reports Earnings Thursday. Here’s Why at Least One Analyst Is Cautious.<blockquote>苹果周四公布财报。这就是为什么至少有一位分析师持谨慎态度。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Reports Earnings Thursday. Here’s Why at Least One Analyst Is Cautious.<blockquote>苹果周四公布财报。这就是为什么至少有一位分析师持谨慎态度。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2022-01-26 11:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Apple stock has stalled out, dragged down by the broader slide in stock valuations. The company reports December quarter results Thursday afternoon, and bulls think strong iPhone sales could power a better-than-expected top line, and profits. But not everyone is so sure.</p><p><blockquote><html><head></head><body>受股票估值普遍下滑的拖累，苹果股价陷入停滞。该公司周四下午公布了12月份季度业绩，看涨者认为强劲的iPhone销售可能会带来好于预期的营收和利润。但不是每个人都这么确定。</body></html></blockquote></p><p>Goldman Sachs analyst Rod Hall, who carries a Neutral rating on Apple (ticker: AAPL) stock, has long been one of the Street’s more-cautious analysts on the shares, and this quarter is no exception. He sees risk the quarter will disappoint.</p><p><blockquote>高盛分析师罗德·霍尔(Rod Hall)对苹果（股票代码：AAPL）股票给予中性评级，长期以来一直是华尔街对该股较为谨慎的分析师之一，本季度也不例外。他认为本季度的风险将令人失望。</blockquote></p><p>Hall says that both retail sales data and Chinese data on handset sales suggest “slower momentum in December” than in recent months. He thinks the trend could trigger cautious commentary from Apple on the outlook for March-quarter iPhone demand. He’s also cautious on Apple’s Services business, based on moderating growth from both the App Store and search revenue. He says that Apple may have executed better-than-plan against supply constraints, but adds that both services and fading iPhone demand late in the quarter “add risk to both the quarter and outlook commentary.”</p><p><blockquote>霍尔表示，零售销售数据和中国手机销售数据都表明，“12月份的势头比最近几个月要慢”。他认为这一趋势可能会引发苹果对3月份季度iPhone需求前景的谨慎评论。基于应用商店和搜索收入增长放缓，他对苹果的服务业务也持谨慎态度。他表示，苹果在应对供应限制方面的表现可能好于计划，但他补充说，服务和本季度末iPhone需求的下降“增加了本季度和前景评论的风险”。</blockquote></p><p>For the Services segment, he notes that growth in the September 2021 fiscal year was 27%, accelerating from about 16% in each or the two prior years. Hall points out that data from the app tracking firm Sensor Tower suggest that revenue growth from the App Store decelerated throughout calendar 2021.</p><p><blockquote>对于服务部门，他指出，2021年9月财年的增长率为27%，高于前一两年的16%左右。霍尔指出，应用程序跟踪公司Sensor Tower的数据表明，App Store的收入增长在2021年全年放缓。</blockquote></p><p>The Goldman analyst also notes that Apple’s fiscal first quarter this time actually ended Dec. 25, rather than Dec. 31, pushing sales from the typically strong post-Christmas week into the fiscal second quarter.</p><p><blockquote>这位高盛分析师还指出，苹果第一财季实际上于12月25日结束，而不是12月31日，这将销售从圣诞节后一周通常强劲的销售推至第二财季。</blockquote></p><p>He adds that “widely publicized supply shortages may have driven consumers to pull forward holiday shopping making December data harder to interpret than in a more normal year.” He points out that December U.S. retail sales were down 3.1%, “much weaker than expected.” Not least, he contends that recent subscriber growth weakness at Netflix and moderating demand for Peloton hardware suggest an ebbing of pandemic-era demand spikes that have been a boon to Apple over the past two years.</p><p><blockquote>他补充道，“广泛宣传的供应短缺可能促使消费者提前假日购物，使得12月份的数据比正常年份更难解读。”他指出，12月份美国零售额下降3.1%，“远弱于预期”。更重要的是，他认为Netflix最近的用户增长疲软以及对Peloton硬件的需求放缓表明，过去两年对苹果有利的大流行时期的需求激增正在消退。</blockquote></p><p>Apple stock closed 1.1% lower at $159.78 on Tuesday.</p><p><blockquote>苹果股价周二收盘下跌1.1%，至159.78美元。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/apple-stock-earnings-51643141073?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/apple-stock-earnings-51643141073?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185304232","content_text":"Apple stock has stalled out, dragged down by the broader slide in stock valuations. The company reports December quarter results Thursday afternoon, and bulls think strong iPhone sales could power a better-than-expected top line, and profits. But not everyone is so sure.Goldman Sachs analyst Rod Hall, who carries a Neutral rating on Apple (ticker: AAPL) stock, has long been one of the Street’s more-cautious analysts on the shares, and this quarter is no exception. He sees risk the quarter will disappoint.Hall says that both retail sales data and Chinese data on handset sales suggest “slower momentum in December” than in recent months. He thinks the trend could trigger cautious commentary from Apple on the outlook for March-quarter iPhone demand. He’s also cautious on Apple’s Services business, based on moderating growth from both the App Store and search revenue. He says that Apple may have executed better-than-plan against supply constraints, but adds that both services and fading iPhone demand late in the quarter “add risk to both the quarter and outlook commentary.”For the Services segment, he notes that growth in the September 2021 fiscal year was 27%, accelerating from about 16% in each or the two prior years. Hall points out that data from the app tracking firm Sensor Tower suggest that revenue growth from the App Store decelerated throughout calendar 2021.The Goldman analyst also notes that Apple’s fiscal first quarter this time actually ended Dec. 25, rather than Dec. 31, pushing sales from the typically strong post-Christmas week into the fiscal second quarter.He adds that “widely publicized supply shortages may have driven consumers to pull forward holiday shopping making December data harder to interpret than in a more normal year.” He points out that December U.S. retail sales were down 3.1%, “much weaker than expected.” Not least, he contends that recent subscriber growth weakness at Netflix and moderating demand for Peloton hardware suggest an ebbing of pandemic-era demand spikes that have been a boon to Apple over the past two years.Apple stock closed 1.1% lower at $159.78 on Tuesday.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699993803,"gmtCreate":1639732369004,"gmtModify":1639732513242,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/8K7.SI\">$UG HEALTHCARE CORPORATION LTD(8K7.SI)$</a>wow","listText":"<a href=\"https://laohu8.com/S/8K7.SI\">$UG HEALTHCARE CORPORATION LTD(8K7.SI)$</a>wow","text":"$UG HEALTHCARE CORPORATION LTD(8K7.SI)$wow","images":[{"img":"https://static.tigerbbs.com/44348b5f2b196527fda18c2dc2d320bc","width":"1080","height":"2955"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/699993803","isVote":1,"tweetType":1,"viewCount":2911,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":881973535,"gmtCreate":1631287909127,"gmtModify":1631883628053,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>great results","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>great results","text":"$Tiger Brokers(TIGR)$great results","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/881973535","isVote":1,"tweetType":1,"viewCount":2588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176346608,"gmtCreate":1626866689704,"gmtModify":1631885991896,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/UBS\">$UBS Group AG(UBS)$</a>great results","listText":"<a href=\"https://laohu8.com/S/UBS\">$UBS Group AG(UBS)$</a>great results","text":"$UBS Group AG(UBS)$great results","images":[{"img":"https://static.tigerbbs.com/fbe5a973ba93fd4ecc0ea788228fe275","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/176346608","isVote":1,"tweetType":1,"viewCount":1464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":148765642,"gmtCreate":1626018978686,"gmtModify":1631884141774,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"Google not showing signs of slowing","listText":"Google not showing signs of slowing","text":"Google not showing signs of slowing","images":[{"img":"https://static.tigerbbs.com/ea12b7f2c8c1c5976761e46a7655ac4d","width":"1080","height":"2657"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/148765642","isVote":1,"tweetType":1,"viewCount":2621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":158171251,"gmtCreate":1625140910473,"gmtModify":1631887439010,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"Haha all da best","listText":"Haha all da best","text":"Haha all da best","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/158171251","repostId":"158356086","repostType":1,"isVote":1,"tweetType":1,"viewCount":1685,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158173048,"gmtCreate":1625140854284,"gmtModify":1631887439021,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"Here","listText":"Here","text":"Here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/158173048","repostId":"1106223449","repostType":4,"repost":{"id":"1106223449","kind":"news","pubTimestamp":1625122086,"share":"https://www.laohu8.com/m/news/1106223449?lang=zh_CN&edition=full","pubTime":"2021-07-01 14:48","market":"us","language":"en","title":"The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.<blockquote>标普500取得了自互联网泡沫以来第二好的上半年成绩。接下来会发生什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106223449","media":"Barrons","summary":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 5","content":"<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d70d0323609e9ce596a9a90e475422d1\" tg-width=\"1260\" tg-height=\"840\"><span>Since 1979, the S&amp;P 500 has gained 10% or more 14 times during the first half of the year.</span></p><p><blockquote><p class=\"t-img-caption\"><span>自1979年以来，标普500上半年涨幅达到或超过10%已有14次。</span></p></blockquote></p><p> The S&amp;P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.</p><p><blockquote>标普500的上半年表现是自互联网泡沫以来第二好的。如果股市继续上涨，不要感到惊讶。</blockquote></p><p> With June coming to an end, the S&amp;P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.</p><p><blockquote>随着6月接近尾声，标普500以14.4%的涨幅结束了2021年上半年。自1998年以来，只有2019年上半年17.4%的增幅更大。</blockquote></p><p> The market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.</p><p><blockquote>Covid-19疫苗接种提振了市场，帮助美国经济重新开放，而数万亿美元的财政刺激措施帮助支撑了需求。尽管对通胀的担忧加剧了人们对美联储将被迫采取措施减缓经济增长的猜测，但涨幅仍在继续。</blockquote></p><p> The combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and&nbsp;cause stocks to tumble. Others worry that&nbsp;U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.</p><p><blockquote>大幅上涨和美联储更加鹰派的结合引发了市场过于自满的担忧。如果通胀持续持续足够长的时间，央行可能会被迫以比市场预期更快的速度采取行动，并导致股市暴跌。其他人担心美国。经济增长放缓的速度可能快于投资者的预期，导致经济增长放缓。</blockquote></p><p> For those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.</p><p><blockquote>对于持这种观点的人来说，没有比现在更好的退出股市的时机了。历史表明并非如此。</blockquote></p><p> Since 1979, the S&amp;P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.</p><p><blockquote>自1979年以来，标普500上半年涨幅达到或超过10%的有14次，下半年该指数平均涨幅为6.3%。更重要的是，该指数在下半年有11次（即79%的时间）走高。</blockquote></p><p> Even the losses, when they occurred, weren’t all that bad. The S&amp;P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.</p><p><blockquote>即使是损失，当它们发生时，也没有那么糟糕。标普500在1983年下半年下降了1.9%，在1986年最后六个月下降了3.5%。</blockquote></p><p> The one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&amp;P 500 dropped 20% in one day, still a record loss. While selling linked to so-called&nbsp;portfolio insurance&nbsp;was ultimately blamed for the size and speed of the loss, the second half of 1987 was&nbsp;a period of rising bond yields and high stock-market valuations, just like the first half of 2021.</p><p><blockquote>一个例外是1987年的最后六个月，该指数在下半年下跌了19%。那段时间包括黑色星期一，当时标普500在一天内下跌了20%，仍然是创纪录的跌幅。虽然与所谓投资组合保险相关的抛售最终被归咎于损失的规模和速度，但1987年下半年是债券收益率上升和股市估值高的时期，就像2021年上半年一样。</blockquote></p><p> Still, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&amp;P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank&nbsp;Cappelleri, chief market technician at Instinet.</p><p><blockquote>尽管如此，市场一直表现得想要走高，而不是走低。回调是牛市中的正常事件，在2021年表现温和，最大跌幅不到4%。Instinet首席市场技术员Frank Cappelleri写道：“[标普500]在2021年所做的就是在需要的时间和地点回升，始终保持上升趋势。”</blockquote></p><p> That 6.3% average second-half rise would push the S&amp;P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.</p><p><blockquote>下半年6.3%的平均涨幅将使标普500的全年涨幅达到23%左右。Fundstrat的汤姆·李(Tom Lee)表示，这将代表着从衰退中“教科书式的[市场]复苏”。</blockquote></p><p> For now, at least, the path of least resistance is higher.</p><p><blockquote>至少就目前而言，阻力最小的路径更高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3cb229b2e05d59b9c126d464a7d771bb\" tg-width=\"958\" tg-height=\"647\"></p><p><blockquote></blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.<blockquote>标普500取得了自互联网泡沫以来第二好的上半年成绩。接下来会发生什么。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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\">\nThe S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.<blockquote>标普500取得了自互联网泡沫以来第二好的上半年成绩。接下来会发生什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-01 14:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d70d0323609e9ce596a9a90e475422d1\" tg-width=\"1260\" tg-height=\"840\"><span>Since 1979, the S&amp;P 500 has gained 10% or more 14 times during the first half of the year.</span></p><p><blockquote><p class=\"t-img-caption\"><span>自1979年以来，标普500上半年涨幅达到或超过10%已有14次。</span></p></blockquote></p><p> The S&amp;P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.</p><p><blockquote>标普500的上半年表现是自互联网泡沫以来第二好的。如果股市继续上涨，不要感到惊讶。</blockquote></p><p> With June coming to an end, the S&amp;P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.</p><p><blockquote>随着6月接近尾声，标普500以14.4%的涨幅结束了2021年上半年。自1998年以来，只有2019年上半年17.4%的增幅更大。</blockquote></p><p> The market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.</p><p><blockquote>Covid-19疫苗接种提振了市场，帮助美国经济重新开放，而数万亿美元的财政刺激措施帮助支撑了需求。尽管对通胀的担忧加剧了人们对美联储将被迫采取措施减缓经济增长的猜测，但涨幅仍在继续。</blockquote></p><p> The combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and&nbsp;cause stocks to tumble. Others worry that&nbsp;U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.</p><p><blockquote>大幅上涨和美联储更加鹰派的结合引发了市场过于自满的担忧。如果通胀持续持续足够长的时间，央行可能会被迫以比市场预期更快的速度采取行动，并导致股市暴跌。其他人担心美国。经济增长放缓的速度可能快于投资者的预期，导致经济增长放缓。</blockquote></p><p> For those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.</p><p><blockquote>对于持这种观点的人来说，没有比现在更好的退出股市的时机了。历史表明并非如此。</blockquote></p><p> Since 1979, the S&amp;P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.</p><p><blockquote>自1979年以来，标普500上半年涨幅达到或超过10%的有14次，下半年该指数平均涨幅为6.3%。更重要的是，该指数在下半年有11次（即79%的时间）走高。</blockquote></p><p> Even the losses, when they occurred, weren’t all that bad. The S&amp;P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.</p><p><blockquote>即使是损失，当它们发生时，也没有那么糟糕。标普500在1983年下半年下降了1.9%，在1986年最后六个月下降了3.5%。</blockquote></p><p> The one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&amp;P 500 dropped 20% in one day, still a record loss. While selling linked to so-called&nbsp;portfolio insurance&nbsp;was ultimately blamed for the size and speed of the loss, the second half of 1987 was&nbsp;a period of rising bond yields and high stock-market valuations, just like the first half of 2021.</p><p><blockquote>一个例外是1987年的最后六个月，该指数在下半年下跌了19%。那段时间包括黑色星期一，当时标普500在一天内下跌了20%，仍然是创纪录的跌幅。虽然与所谓投资组合保险相关的抛售最终被归咎于损失的规模和速度，但1987年下半年是债券收益率上升和股市估值高的时期，就像2021年上半年一样。</blockquote></p><p> Still, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&amp;P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank&nbsp;Cappelleri, chief market technician at Instinet.</p><p><blockquote>尽管如此，市场一直表现得想要走高，而不是走低。回调是牛市中的正常事件，在2021年表现温和，最大跌幅不到4%。Instinet首席市场技术员Frank Cappelleri写道：“[标普500]在2021年所做的就是在需要的时间和地点回升，始终保持上升趋势。”</blockquote></p><p> That 6.3% average second-half rise would push the S&amp;P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.</p><p><blockquote>下半年6.3%的平均涨幅将使标普500的全年涨幅达到23%左右。Fundstrat的汤姆·李(Tom Lee)表示，这将代表着从衰退中“教科书式的[市场]复苏”。</blockquote></p><p> For now, at least, the path of least resistance is higher.</p><p><blockquote>至少就目前而言，阻力最小的路径更高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3cb229b2e05d59b9c126d464a7d771bb\" tg-width=\"958\" tg-height=\"647\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106223449","content_text":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.\nWith June coming to an end, the S&P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.\nThe market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.\nThe combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and cause stocks to tumble. Others worry that U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.\nFor those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.\nSince 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.\nEven the losses, when they occurred, weren’t all that bad. The S&P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.\nThe one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&P 500 dropped 20% in one day, still a record loss. While selling linked to so-called portfolio insurance was ultimately blamed for the size and speed of the loss, the second half of 1987 was a period of rising bond yields and high stock-market valuations, just like the first half of 2021.\nStill, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank Cappelleri, chief market technician at Instinet.\nThat 6.3% average second-half rise would push the S&P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.\nFor now, at least, the path of least resistance is higher.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1998,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158179120,"gmtCreate":1625140827860,"gmtModify":1631884082095,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"New highs","listText":"New highs","text":"New highs","images":[{"img":"https://static.tigerbbs.com/dcb287c190d2cd9a04906f8794ea6563","width":"1080","height":"1609"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/158179120","isVote":1,"tweetType":1,"viewCount":2563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":150268372,"gmtCreate":1624912346296,"gmtModify":1631887439034,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"Woah nice","listText":"Woah nice","text":"Woah nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/150268372","repostId":"2146002845","repostType":4,"isVote":1,"tweetType":1,"viewCount":3883,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150268074,"gmtCreate":1624912270098,"gmtModify":1631887439048,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"I see","listText":"I see","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/150268074","repostId":"127075754","repostType":1,"isVote":1,"tweetType":1,"viewCount":807,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150893017,"gmtCreate":1624891705639,"gmtModify":1631887439058,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"Consider","listText":"Consider","text":"Consider","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/150893017","repostId":"2146027870","repostType":4,"isVote":1,"tweetType":1,"viewCount":425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127025407,"gmtCreate":1624805758009,"gmtModify":1631887439071,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/127025407","repostId":"1104974895","repostType":4,"repost":{"id":"1104974895","kind":"news","pubTimestamp":1624764940,"share":"https://www.laohu8.com/m/news/1104974895?lang=zh_CN&edition=full","pubTime":"2021-06-27 11:35","market":"us","language":"en","title":"Microsoft Rides Its Cloud Business to a $2 Trillion Market Cap. It’s Not Done Yet.<blockquote>微软的云业务市值达到2万亿美元。还没做完呢。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104974895","media":"Barrons","summary":"Microsoft is now the second company to boast a $2 trillion market capitalization, following Apple,wh","content":"<p>Microsoft&nbsp;is now the second company to boast a $2 trillion market capitalization, following&nbsp;Apple,which breached that level last August. And Microsoft may go higher yet.</p><p><blockquote>微软现在是继去年8月突破这一水平的苹果之后第二家市值达到2万亿美元的公司。微软可能会走得更高。</blockquote></p><p> Wedbush analyst Daniel Ives this past week reiterated his Outperform rating on the software giant, lifting his price target on the shares to $325 from $310. That represents a potential gain of more than 20%, which would take the company’s market value to $2.4 trillion. His enthusiasm for the stock is driven by Microsoft’s cloud business, Azure.</p><p><blockquote>Wedbush分析师丹尼尔·艾夫斯(Daniel Ives)上周重申了对这家软件巨头的跑赢大盘评级，将该股目标价从310美元上调至325美元。这意味着潜在涨幅超过20%，这将使该公司的市值达到2.4万亿美元。他对该股的热情是由微软的云业务Azure推动的。</blockquote></p><p> On Wednesday, Microsoft shares inched up 0.1% to $265.79, a new high, boosting its market cap to $2.004 trillion. (Apple is at roughly $2.2 trillion.) Ives notes that June channel checks find improving demand for Azure. “The Azure cloud growth story is hitting its next gear of growth,” he writes. “We are seeing deal sizes continue to increase markedly as enterprisewide digital transformation shifts are accelerating with CIOs all focused on readying their respective enterprises for a cloud-driven architecture.”</p><p><blockquote>周三，微软股价小幅上涨0.1%，至265.79美元，创下新高，市值增至2.004万亿美元。（苹果的市值约为2.2万亿美元。）Ives指出，6月份的渠道检查发现对Azure的需求有所改善。“Azure云的增长故事正在进入下一个增长阶段，”他写道。“随着企业范围内数字化转型的加速，我们看到交易规模继续显着增加，首席信息官都专注于让各自的企业为云驱动架构做好准备。”</blockquote></p><p> Wall Street concerns that cloud growth will moderate coming out of the pandemic run counter to the deal activity Microsoft is seeing, Ives writes, noting that June-quarter results appear to be “robust.” He thinks Microsoft is still only about 35% into the conversion of its installed application base into the cloud.</p><p><blockquote>Ives写道，华尔街担心云增长将因疫情而放缓，这与微软看到的交易活动背道而驰，并指出6月份季度的业绩似乎“强劲”。他认为微软在将其已安装的应用程序基础向云的转换方面仍仅完成了约35%。</blockquote></p><p> Ives sees continuing global “digital transformation” as a $1 trillion opportunity, and says Microsoft will disproportionately benefit. “Microsoft remains our favorite large-cap cloud play and we believe the stock will start to move higher over the coming quarters...,” he writes. “The growth story at Microsoft is not slowing down.”</p><p><blockquote>Ives认为持续的全球“数字化转型”是一个1万亿美元的机会，并表示微软将不成比例地受益。“微软仍然是我们最喜欢的大盘云股，我们相信该股将在未来几个季度开始走高……”他写道。“微软的增长故事并没有放缓。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/19e4bb0961389beaa2711931e02dc060\" tg-width=\"970\" tg-height=\"672\"><img src=\"https://static.tigerbbs.com/1a62e0638b1f4f9c28301e4d93721571\" tg-width=\"981\" tg-height=\"684\"></p><p><blockquote></blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Rides Its Cloud Business to a $2 Trillion Market Cap. It’s Not Done Yet.<blockquote>微软的云业务市值达到2万亿美元。还没做完呢。</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\">\nMicrosoft Rides Its Cloud Business to a $2 Trillion Market Cap. It’s Not Done Yet.<blockquote>微软的云业务市值达到2万亿美元。还没做完呢。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-27 11:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Microsoft&nbsp;is now the second company to boast a $2 trillion market capitalization, following&nbsp;Apple,which breached that level last August. And Microsoft may go higher yet.</p><p><blockquote>微软现在是继去年8月突破这一水平的苹果之后第二家市值达到2万亿美元的公司。微软可能会走得更高。</blockquote></p><p> Wedbush analyst Daniel Ives this past week reiterated his Outperform rating on the software giant, lifting his price target on the shares to $325 from $310. That represents a potential gain of more than 20%, which would take the company’s market value to $2.4 trillion. His enthusiasm for the stock is driven by Microsoft’s cloud business, Azure.</p><p><blockquote>Wedbush分析师丹尼尔·艾夫斯(Daniel Ives)上周重申了对这家软件巨头的跑赢大盘评级，将该股目标价从310美元上调至325美元。这意味着潜在涨幅超过20%，这将使该公司的市值达到2.4万亿美元。他对该股的热情是由微软的云业务Azure推动的。</blockquote></p><p> On Wednesday, Microsoft shares inched up 0.1% to $265.79, a new high, boosting its market cap to $2.004 trillion. (Apple is at roughly $2.2 trillion.) Ives notes that June channel checks find improving demand for Azure. “The Azure cloud growth story is hitting its next gear of growth,” he writes. “We are seeing deal sizes continue to increase markedly as enterprisewide digital transformation shifts are accelerating with CIOs all focused on readying their respective enterprises for a cloud-driven architecture.”</p><p><blockquote>周三，微软股价小幅上涨0.1%，至265.79美元，创下新高，市值增至2.004万亿美元。（苹果的市值约为2.2万亿美元。）Ives指出，6月份的渠道检查发现对Azure的需求有所改善。“Azure云的增长故事正在进入下一个增长阶段，”他写道。“随着企业范围内数字化转型的加速，我们看到交易规模继续显着增加，首席信息官都专注于让各自的企业为云驱动架构做好准备。”</blockquote></p><p> Wall Street concerns that cloud growth will moderate coming out of the pandemic run counter to the deal activity Microsoft is seeing, Ives writes, noting that June-quarter results appear to be “robust.” He thinks Microsoft is still only about 35% into the conversion of its installed application base into the cloud.</p><p><blockquote>Ives写道，华尔街担心云增长将因疫情而放缓，这与微软看到的交易活动背道而驰，并指出6月份季度的业绩似乎“强劲”。他认为微软在将其已安装的应用程序基础向云的转换方面仍仅完成了约35%。</blockquote></p><p> Ives sees continuing global “digital transformation” as a $1 trillion opportunity, and says Microsoft will disproportionately benefit. “Microsoft remains our favorite large-cap cloud play and we believe the stock will start to move higher over the coming quarters...,” he writes. “The growth story at Microsoft is not slowing down.”</p><p><blockquote>Ives认为持续的全球“数字化转型”是一个1万亿美元的机会，并表示微软将不成比例地受益。“微软仍然是我们最喜欢的大盘云股，我们相信该股将在未来几个季度开始走高……”他写道。“微软的增长故事并没有放缓。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/19e4bb0961389beaa2711931e02dc060\" tg-width=\"970\" tg-height=\"672\"><img src=\"https://static.tigerbbs.com/1a62e0638b1f4f9c28301e4d93721571\" tg-width=\"981\" tg-height=\"684\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/microsoft-market-cap-51624670572?mod=RTA\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://www.barrons.com/articles/microsoft-market-cap-51624670572?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104974895","content_text":"Microsoft is now the second company to boast a $2 trillion market capitalization, following Apple,which breached that level last August. And Microsoft may go higher yet.\nWedbush analyst Daniel Ives this past week reiterated his Outperform rating on the software giant, lifting his price target on the shares to $325 from $310. That represents a potential gain of more than 20%, which would take the company’s market value to $2.4 trillion. His enthusiasm for the stock is driven by Microsoft’s cloud business, Azure.\nOn Wednesday, Microsoft shares inched up 0.1% to $265.79, a new high, boosting its market cap to $2.004 trillion. (Apple is at roughly $2.2 trillion.) Ives notes that June channel checks find improving demand for Azure. “The Azure cloud growth story is hitting its next gear of growth,” he writes. “We are seeing deal sizes continue to increase markedly as enterprisewide digital transformation shifts are accelerating with CIOs all focused on readying their respective enterprises for a cloud-driven architecture.”\nWall Street concerns that cloud growth will moderate coming out of the pandemic run counter to the deal activity Microsoft is seeing, Ives writes, noting that June-quarter results appear to be “robust.” He thinks Microsoft is still only about 35% into the conversion of its installed application base into the cloud.\nIves sees continuing global “digital transformation” as a $1 trillion opportunity, and says Microsoft will disproportionately benefit. “Microsoft remains our favorite large-cap cloud play and we believe the stock will start to move higher over the coming quarters...,” he writes. “The growth story at Microsoft is not slowing down.”","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":574,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125727323,"gmtCreate":1624696978462,"gmtModify":1631887439083,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"I see","listText":"I see","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125727323","repostId":"2146102197","repostType":2,"isVote":1,"tweetType":1,"viewCount":657,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128290575,"gmtCreate":1624516846897,"gmtModify":1631887439098,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"Finally","listText":"Finally","text":"Finally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/128290575","repostId":"1187067912","repostType":2,"repost":{"id":"1187067912","kind":"news","pubTimestamp":1624513711,"share":"https://www.laohu8.com/m/news/1187067912?lang=zh_CN&edition=full","pubTime":"2021-06-24 13:48","market":"sg","language":"en","title":"Keppel, Sembcorp Marine in talks for marine services deal, sources say<blockquote>消息人士称，吉宝与胜科海事正在就海事服务协议进行谈判</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1187067912","media":"Reuters","summary":"(Reuters) -Temasek-backed Singapore conglomerate Keppel Corp and Sembcorp Marine are set to begin ta","content":"<p>(Reuters) -Temasek-backed Singapore conglomerate Keppel Corp and Sembcorp Marine are set to begin talks to explore combining their ailing offshore and marine (O&amp;M) businesses, two sources familiar with the matter said on Thursday.</p><p><blockquote>（路透社）-两位知情人士周四表示，淡马锡支持的新加坡企业集团吉宝企业和胜科海事将开始谈判，探讨合并其陷入困境的近海和海事(O&amp;M)业务。</blockquote></p><p> A potential deal would bring together one of the world’s largest offshore oil rig builders with smaller rival Sembcorp after the businesses were whiplashed by years of oversupply in the sector, sustained weakness in oil prices and a drop in new orders.</p><p><blockquote>一项潜在的交易将使全球最大的海上石油钻井平台建造商之一与规模较小的竞争对手胜科合并，此前两家公司因该行业多年来供应过剩、油价持续疲软和新订单下降而受到打击。</blockquote></p><p> “Consolidation is needed simply because of competition, and the need for bigger working capital to take on new and bigger projects,” said Joel Ng at KGI Securities. Both companies own a network of shipyards in Singapore and overseas, including in Brazil, and employ thousands of workers.</p><p><blockquote>凯基证券(KGI Securities)的乔尔·吴(Joel Ng)表示：“整合是必要的，因为竞争以及需要更多营运资金来承接新的更大项目。”两家公司在新加坡和海外（包括巴西）拥有造船厂网络，并雇用了数千名工人。</blockquote></p><p> Trading in shares of Keppel and Sembcorp, which both count Singapore state investor Temasek Holdings as their largest shareholder, was halted on Thursday pending announcements.</p><p><blockquote>吉宝和胜科的股票交易周四暂停，等待公告，这两家公司的最大股东都是新加坡国有投资者淡马锡控股。</blockquote></p><p> Sembcorp has a market value of S$2.4 billion ($1.8 billion), while Keppel, whose businesses include property and infrastructure, is valued at S$9.3 billion.</p><p><blockquote>胜科的市值为24亿新元（合18亿美元），而业务包括房地产和基础设施的吉宝的市值为93亿新元。</blockquote></p><p> Keppel declined comment while there was no immediate response from Sembcorp Marine to a Reuters query. Both companies are holding separate news conferences later on Thursday.</p><p><blockquote>吉宝拒绝置评，胜科海事也没有立即回应路透社的询问。两家公司将于周四晚些时候分别举行新闻发布会。</blockquote></p><p> The sources said boards of both companies are meeting to begin discussions that could take many months and ultimately result in Keppel Corp hiving off its O&amp;M business and combining it with Sembcorp Marine, the sources said.</p><p><blockquote>消息人士称，两家公司的董事会正在开会开始讨论，这可能需要数月时间，最终导致吉宝企业剥离其运维业务，并将其与胜科海事合并。</blockquote></p><p> The sources declined to be identified as they were not authorised to speak to media.</p><p><blockquote>消息人士拒绝透露姓名，因为他们无权接受媒体采访。</blockquote></p><p> Markets have been expecting a much-needed consolidation in the rig-building sector as companies in the shipbuilding and marine sectors in markets such as South Korea and China have already joined forces amid a weak sector outlook.</p><p><blockquote>市场一直预计钻井平台建造行业将出现急需的整合，因为韩国和中国等市场的造船和海事行业公司已经在行业前景疲软的情况下联手。</blockquote></p><p> Keppel’s shares have lost around 15% over the past 12 months, while Sembcorp has tumbled 40%.</p><p><blockquote>吉宝的股价在过去12个月内下跌了约15%，而胜科则下跌了40%。</blockquote></p><p> Last year, Temasek scrapped a $3 billion move to raise its stake in Keppel and take control, following Keppel’s poor performance.</p><p><blockquote>去年，由于吉宝业绩不佳，淡马锡取消了30亿美元增持吉宝股份并取得控制权的举措。</blockquote></p><p> Then this year, Keppel said it was exploring options for its O&amp;M business, as part of the group’s 10-year strategy to refocus its portfolio on energy and environment, urban development, connectivity and asset management.</p><p><blockquote>今年晚些时候，吉宝表示正在探索其运维业务的选择，作为该集团将其投资组合重新聚焦于能源和环境、城市发展、互联互通和资产管理的10年战略的一部分。</blockquote></p><p> Market talk of a consolidation between the rig builders had first resurfaced in June 2020 when Sembcorp Industries, the former parent of Sembcorp Marine, unveiled plans to demerge its core business from the lossmaking rig builder.</p><p><blockquote>2020年6月，当胜科海事的前母公司胜科工业公布了将其核心业务与亏损的钻井平台制造商分拆的计划时，市场上关于钻井平台制造商之间合并的讨论首次重新浮出水面。</blockquote></p><p> Then Temasek stepped in to support a $1.5 billion rights issue by Sembcorp Marine.</p><p><blockquote>随后淡马锡介入支持胜科海事15亿美元的配股。</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>Keppel, Sembcorp Marine in talks for marine services deal, sources say<blockquote>消息人士称，吉宝与胜科海事正在就海事服务协议进行谈判</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; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel, Sembcorp Marine in talks for marine services deal, sources say<blockquote>消息人士称，吉宝与胜科海事正在就海事服务协议进行谈判</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-06-24 13:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) -Temasek-backed Singapore conglomerate Keppel Corp and Sembcorp Marine are set to begin talks to explore combining their ailing offshore and marine (O&amp;M) businesses, two sources familiar with the matter said on Thursday.</p><p><blockquote>（路透社）-两位知情人士周四表示，淡马锡支持的新加坡企业集团吉宝企业和胜科海事将开始谈判，探讨合并其陷入困境的近海和海事(O&amp;M)业务。</blockquote></p><p> A potential deal would bring together one of the world’s largest offshore oil rig builders with smaller rival Sembcorp after the businesses were whiplashed by years of oversupply in the sector, sustained weakness in oil prices and a drop in new orders.</p><p><blockquote>一项潜在的交易将使全球最大的海上石油钻井平台建造商之一与规模较小的竞争对手胜科合并，此前两家公司因该行业多年来供应过剩、油价持续疲软和新订单下降而受到打击。</blockquote></p><p> “Consolidation is needed simply because of competition, and the need for bigger working capital to take on new and bigger projects,” said Joel Ng at KGI Securities. Both companies own a network of shipyards in Singapore and overseas, including in Brazil, and employ thousands of workers.</p><p><blockquote>凯基证券(KGI Securities)的乔尔·吴(Joel Ng)表示：“整合是必要的，因为竞争以及需要更多营运资金来承接新的更大项目。”两家公司在新加坡和海外（包括巴西）拥有造船厂网络，并雇用了数千名工人。</blockquote></p><p> Trading in shares of Keppel and Sembcorp, which both count Singapore state investor Temasek Holdings as their largest shareholder, was halted on Thursday pending announcements.</p><p><blockquote>吉宝和胜科的股票交易周四暂停，等待公告，这两家公司的最大股东都是新加坡国有投资者淡马锡控股。</blockquote></p><p> Sembcorp has a market value of S$2.4 billion ($1.8 billion), while Keppel, whose businesses include property and infrastructure, is valued at S$9.3 billion.</p><p><blockquote>胜科的市值为24亿新元（合18亿美元），而业务包括房地产和基础设施的吉宝的市值为93亿新元。</blockquote></p><p> Keppel declined comment while there was no immediate response from Sembcorp Marine to a Reuters query. Both companies are holding separate news conferences later on Thursday.</p><p><blockquote>吉宝拒绝置评，胜科海事也没有立即回应路透社的询问。两家公司将于周四晚些时候分别举行新闻发布会。</blockquote></p><p> The sources said boards of both companies are meeting to begin discussions that could take many months and ultimately result in Keppel Corp hiving off its O&amp;M business and combining it with Sembcorp Marine, the sources said.</p><p><blockquote>消息人士称，两家公司的董事会正在开会开始讨论，这可能需要数月时间，最终导致吉宝企业剥离其运维业务，并将其与胜科海事合并。</blockquote></p><p> The sources declined to be identified as they were not authorised to speak to media.</p><p><blockquote>消息人士拒绝透露姓名，因为他们无权接受媒体采访。</blockquote></p><p> Markets have been expecting a much-needed consolidation in the rig-building sector as companies in the shipbuilding and marine sectors in markets such as South Korea and China have already joined forces amid a weak sector outlook.</p><p><blockquote>市场一直预计钻井平台建造行业将出现急需的整合，因为韩国和中国等市场的造船和海事行业公司已经在行业前景疲软的情况下联手。</blockquote></p><p> Keppel’s shares have lost around 15% over the past 12 months, while Sembcorp has tumbled 40%.</p><p><blockquote>吉宝的股价在过去12个月内下跌了约15%，而胜科则下跌了40%。</blockquote></p><p> Last year, Temasek scrapped a $3 billion move to raise its stake in Keppel and take control, following Keppel’s poor performance.</p><p><blockquote>去年，由于吉宝业绩不佳，淡马锡取消了30亿美元增持吉宝股份并取得控制权的举措。</blockquote></p><p> Then this year, Keppel said it was exploring options for its O&amp;M business, as part of the group’s 10-year strategy to refocus its portfolio on energy and environment, urban development, connectivity and asset management.</p><p><blockquote>今年晚些时候，吉宝表示正在探索其运维业务的选择，作为该集团将其投资组合重新聚焦于能源和环境、城市发展、互联互通和资产管理的10年战略的一部分。</blockquote></p><p> Market talk of a consolidation between the rig builders had first resurfaced in June 2020 when Sembcorp Industries, the former parent of Sembcorp Marine, unveiled plans to demerge its core business from the lossmaking rig builder.</p><p><blockquote>2020年6月，当胜科海事的前母公司胜科工业公布了将其核心业务与亏损的钻井平台制造商分拆的计划时，市场上关于钻井平台制造商之间合并的讨论首次重新浮出水面。</blockquote></p><p> Then Temasek stepped in to support a $1.5 billion rights issue by Sembcorp Marine.</p><p><blockquote>随后淡马锡介入支持胜科海事15亿美元的配股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/keppel-corp-trading-halt-sembcorp-marine/update-3-keppel-sembcorp-marine-in-talks-for-marine-services-deal-sources-say-idUSL2N2O536D\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"https://www.reuters.com/article/keppel-corp-trading-halt-sembcorp-marine/update-3-keppel-sembcorp-marine-in-talks-for-marine-services-deal-sources-say-idUSL2N2O536D","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187067912","content_text":"(Reuters) -Temasek-backed Singapore conglomerate Keppel Corp and Sembcorp Marine are set to begin talks to explore combining their ailing offshore and marine (O&M) businesses, two sources familiar with the matter said on Thursday.\nA potential deal would bring together one of the world’s largest offshore oil rig builders with smaller rival Sembcorp after the businesses were whiplashed by years of oversupply in the sector, sustained weakness in oil prices and a drop in new orders.\n“Consolidation is needed simply because of competition, and the need for bigger working capital to take on new and bigger projects,” said Joel Ng at KGI Securities. Both companies own a network of shipyards in Singapore and overseas, including in Brazil, and employ thousands of workers.\nTrading in shares of Keppel and Sembcorp, which both count Singapore state investor Temasek Holdings as their largest shareholder, was halted on Thursday pending announcements.\nSembcorp has a market value of S$2.4 billion ($1.8 billion), while Keppel, whose businesses include property and infrastructure, is valued at S$9.3 billion.\nKeppel declined comment while there was no immediate response from Sembcorp Marine to a Reuters query. Both companies are holding separate news conferences later on Thursday.\nThe sources said boards of both companies are meeting to begin discussions that could take many months and ultimately result in Keppel Corp hiving off its O&M business and combining it with Sembcorp Marine, the sources said.\nThe sources declined to be identified as they were not authorised to speak to media.\nMarkets have been expecting a much-needed consolidation in the rig-building sector as companies in the shipbuilding and marine sectors in markets such as South Korea and China have already joined forces amid a weak sector outlook.\nKeppel’s shares have lost around 15% over the past 12 months, while Sembcorp has tumbled 40%.\nLast year, Temasek scrapped a $3 billion move to raise its stake in Keppel and take control, following Keppel’s poor performance.\nThen this year, Keppel said it was exploring options for its O&M business, as part of the group’s 10-year strategy to refocus its portfolio on energy and environment, urban development, connectivity and asset management.\nMarket talk of a consolidation between the rig builders had first resurfaced in June 2020 when Sembcorp Industries, the former parent of Sembcorp Marine, unveiled plans to demerge its core business from the lossmaking rig builder.\nThen Temasek stepped in to support a $1.5 billion rights issue by Sembcorp Marine.","news_type":1,"symbols_score_info":{"BN4.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123019620,"gmtCreate":1624403276960,"gmtModify":1631887439107,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"Woah...","listText":"Woah...","text":"Woah...","images":[{"img":"https://static.tigerbbs.com/a6763e681400ed082c4d0f82cbbf7c4c","width":"1080","height":"1749"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/123019620","isVote":1,"tweetType":1,"viewCount":640,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":129586628,"gmtCreate":1624377737664,"gmtModify":1631891574451,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"Awaiting","listText":"Awaiting","text":"Awaiting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129586628","repostId":"1169498109","repostType":4,"isVote":1,"tweetType":1,"viewCount":550,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120491263,"gmtCreate":1624330697752,"gmtModify":1631891574450,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120491263","repostId":"1123368698","repostType":4,"repost":{"id":"1123368698","kind":"news","pubTimestamp":1624328854,"share":"https://www.laohu8.com/m/news/1123368698?lang=zh_CN&edition=full","pubTime":"2021-06-22 10:27","market":"us","language":"en","title":"Will This Reverse Stock Split Be a Rare Winner?<blockquote>这次反向股票分割会是罕见的赢家吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123368698","media":"fool","summary":"Reverse stock splits aren't generally seen as a good sign. When a stock has to resort to cutting its","content":"<p>Reverse stock splits aren't generally seen as a good sign. When a stock has to resort to cutting its number of shares outstanding to boost its price, it's often an indicator that the company doesn't think its business can support the kind of growth necessary to get its stock moving in the right direction without such moves.</p><p><blockquote>反向股票分割通常不被视为一个好兆头。当一只股票不得不削减已发行股票数量来提高价格时，这通常表明该公司认为其业务无法支持使其股票在没有此类行动的情况下朝着正确方向移动所需的增长。</blockquote></p><p> Last Friday,<b>General Electric</b>(NYSE:GE)confirmed that it will become the latest company to roll the dice on a reverse split. We'll examine some details on thereverse stock split&nbsp; and what it means for investors, but first, let's take a quick look at how the broader market did to begin the week.</p><p><blockquote>上周五，<b>通用电气</b>（纽约证券交易所股票代码：GE）证实，它将成为最新一家进行反向分拆的公司。我们将研究有关thereverse股票分割的一些细节及其对投资者的意义，但首先，让我们快速了解一下本周初大盘的表现。</blockquote></p><p> A good start on Wall Street</p><p><blockquote>华尔街的良好开端</blockquote></p><p> Monday brought bullish investors back to the investing world after tough conditions last week sent stocks reeling. By the time the closing bell rang, the<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI),<b>S&amp;P 500</b>(SNPINDEX:^GSPC), and<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)were up significantly.</p><p><blockquote>在上周的严峻形势导致股市暴跌后，周一让看涨的投资者重返投资界。当收盘钟声响起时，<b>道琼斯工业平均指数</b>(DJINDICES：^DJI),<b>标普500</b>(SNPINDEX：^GSPC)，和<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）大幅上涨。</blockquote></p><p> <table>  <thead>   <tr>    <th><b>Index</b></p><p><blockquote><table><thead><tr><th><b>指数</b></th></tr></thead></table></blockquote></p><p></th>    <th><b>Percentage Change</b></p><p><blockquote><th><b>百分比变化</b></th></blockquote></p><p></th>    <th><b>Point Change</b></p><p><blockquote><th><b>点变化</b></th></blockquote></p><p></th>   </tr>  </thead>  <tbody>   <tr>    <td>Dow</p><p><blockquote><tbody><tr><td>陶氏化学</td></tr></tbody></blockquote></p><p></td>    <td>+1.76%</p><p><blockquote><td>+1.76%</td></blockquote></p><p></td>    <td>+587</p><p><blockquote><td>+587</td></blockquote></p><p></td>   </tr>   <tr>    <td>S&amp;P 500</p><p><blockquote><tr><td>标普500</td></tr></blockquote></p><p></td>    <td>+1.40%</p><p><blockquote><td>+1.40%</td></blockquote></p><p></td>    <td>+58</p><p><blockquote><td>+58</td></blockquote></p><p></td>   </tr>   <tr>    <td>Nasdaq Composite</p><p><blockquote><tr><td>纳斯达克复合材料</td></tr></blockquote></p><p></td>    <td>+0.79%</p><p><blockquote><td>+0.79%</td></blockquote></p><p></td>    <td>+111</p><p><blockquote><td>+111</td></blockquote></p><p></td>   </tr>  </tbody> </table> DATA SOURCE: YAHOO! FINANCE.</p><p><blockquote>数据来源：雅虎！金融。</blockquote></p><p> Doing the splits</p><p><blockquote>做分裂</blockquote></p><p> General Electric's announcement confirmed that the industrial conglomerate will move forward with its 1-for-8 reverse split as approved at its May annual shareholder meeting. GE's plan is to make the reverse stock split effective after trading ends on Friday, July 30. Investors will get their first chance to trade the split-adjusted shares the following Monday, August 2.</p><p><blockquote>通用电气的公告证实，该工业集团将按照5月份年度股东大会的批准，推进8股1股的反向分拆。通用电气的计划是在7月30日星期五交易结束后使反向股票分割生效。投资者将于下周一（8月2日）首次有机会交易分割调整后的股票。</blockquote></p><p> CFO Carolina Dybeck Happe tried to explain the reason for the reverse split. She noted that although GE has divested several of its major business units in recent years, in particular the GE Capital financial unit, it hasn't made any corresponding adjustments to its outstanding share count. The result is a share base that inappropriately reflects the enterprise's former size rather than its more compact current configuration. After the split, GE will have just 1.1 billion shares outstanding, with a stock price that should come in just over $100 per share based on where shares closed on Monday.</p><p><blockquote>首席财务官Carolina Dybeck Happe试图解释反向拆分的原因。她指出，尽管通用电气近年来剥离了几个主要业务部门，特别是通用电气资本金融部门，但并未对其流通股数量进行任何相应调整。结果是份额基础不恰当地反映了企业以前的规模，而不是其更紧凑的当前配置。分拆后，通用电气将只有11亿股流通股，根据周一收盘价格，股价应略高于每股100美元。</blockquote></p><p> Can GE grow again?</p><p><blockquote>GE还能再次成长吗？</blockquote></p><p> In the past, many companies that have done reverse stock splits have seen their share prices continue to fall. Often, the move only provides extra fodder for bearish investors looking to make money by selling a stock short.</p><p><blockquote>过去，许多进行反向股票分割的公司股价持续下跌。通常，此举只会为希望通过卖空股票赚钱的看跌投资者提供额外的素材。</blockquote></p><p> However, there've been somenotable success stories. Perhaps the biggest involves<b>Booking Holdings</b>(NASDAQ:BKNG), which notably did a 1-for-6 reverse split in the early 2000s following the tech bust. The online travel giant's stock has been a huge multibagger since then as the business regained traction in the mid-2000s and afterward.</p><p><blockquote>然而，也有一些值得注意的成功故事。也许最大的涉及<b>预订控股</b>（纳斯达克股票代码：BKNG），该公司在2000年代初科技泡沫破灭后进行了6比1的反向分割。自那时以来，随着该业务在2000年代中期及之后重新获得牵引力，这家在线旅游巨头的股价一直大幅上涨。</blockquote></p><p> In order to beat the odds,General Electric will have to execute well on its growth strategy. That requires seeing the key aviation segment regain its past prowess, while also taking advantage of rising demand in power and renewable energy to bolster its overall presence in that key market. GE also has high aspirations for its healthcare business, as it hopes that an innovative spirit will get rewarded in the long run.</p><p><blockquote>为了战胜困难，通用电气必须很好地执行其增长战略。这需要看到关键的航空领域恢复其过去的实力，同时还要利用电力和可再生能源需求不断增长的机会来增强其在该关键市场的整体影响力。通用电气对其医疗保健业务也抱有很高的期望，因为它希望从长远来看，创新精神能够得到回报。</blockquote></p><p> GE has been a huge disappointment for shareholders since the mid-2010s, and despite a sizable bounce, the stock remains far below its best levels historically. That gives General Electric some room to rebound if it can get its business back on track. However, patient investors have to hope that the reverse stock split will prove to be a positive catalyst to affirm confidence in the future of the business in order to justify taking more time waiting for GE to turn itself around completely.</p><p><blockquote>自2010年代中期以来，通用电气一直让股东非常失望，尽管股价大幅反弹，但仍远低于历史最佳水平。如果通用电气能够让业务重回正轨，这将为其提供一些反弹空间。然而，耐心的投资者必须希望反向股票分割将被证明是一种积极的催化剂，可以肯定对业务未来的信心，以便证明花更多时间等待通用电气完全扭亏为盈是合理的。</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>Will This Reverse Stock Split Be a Rare Winner?<blockquote>这次反向股票分割会是罕见的赢家吗？</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\">\nWill This Reverse Stock Split Be a Rare Winner?<blockquote>这次反向股票分割会是罕见的赢家吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-06-22 10:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Reverse stock splits aren't generally seen as a good sign. When a stock has to resort to cutting its number of shares outstanding to boost its price, it's often an indicator that the company doesn't think its business can support the kind of growth necessary to get its stock moving in the right direction without such moves.</p><p><blockquote>反向股票分割通常不被视为一个好兆头。当一只股票不得不削减已发行股票数量来提高价格时，这通常表明该公司认为其业务无法支持使其股票在没有此类行动的情况下朝着正确方向移动所需的增长。</blockquote></p><p> Last Friday,<b>General Electric</b>(NYSE:GE)confirmed that it will become the latest company to roll the dice on a reverse split. We'll examine some details on thereverse stock split&nbsp; and what it means for investors, but first, let's take a quick look at how the broader market did to begin the week.</p><p><blockquote>上周五，<b>通用电气</b>（纽约证券交易所股票代码：GE）证实，它将成为最新一家进行反向分拆的公司。我们将研究有关thereverse股票分割的一些细节及其对投资者的意义，但首先，让我们快速了解一下本周初大盘的表现。</blockquote></p><p> A good start on Wall Street</p><p><blockquote>华尔街的良好开端</blockquote></p><p> Monday brought bullish investors back to the investing world after tough conditions last week sent stocks reeling. By the time the closing bell rang, the<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI),<b>S&amp;P 500</b>(SNPINDEX:^GSPC), and<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)were up significantly.</p><p><blockquote>在上周的严峻形势导致股市暴跌后，周一让看涨的投资者重返投资界。当收盘钟声响起时，<b>道琼斯工业平均指数</b>(DJINDICES：^DJI),<b>标普500</b>(SNPINDEX：^GSPC)，和<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）大幅上涨。</blockquote></p><p> <table>  <thead>   <tr>    <th><b>Index</b></p><p><blockquote><table><thead><tr><th><b>指数</b></th></tr></thead></table></blockquote></p><p></th>    <th><b>Percentage Change</b></p><p><blockquote><th><b>百分比变化</b></th></blockquote></p><p></th>    <th><b>Point Change</b></p><p><blockquote><th><b>点变化</b></th></blockquote></p><p></th>   </tr>  </thead>  <tbody>   <tr>    <td>Dow</p><p><blockquote><tbody><tr><td>陶氏化学</td></tr></tbody></blockquote></p><p></td>    <td>+1.76%</p><p><blockquote><td>+1.76%</td></blockquote></p><p></td>    <td>+587</p><p><blockquote><td>+587</td></blockquote></p><p></td>   </tr>   <tr>    <td>S&amp;P 500</p><p><blockquote><tr><td>标普500</td></tr></blockquote></p><p></td>    <td>+1.40%</p><p><blockquote><td>+1.40%</td></blockquote></p><p></td>    <td>+58</p><p><blockquote><td>+58</td></blockquote></p><p></td>   </tr>   <tr>    <td>Nasdaq Composite</p><p><blockquote><tr><td>纳斯达克复合材料</td></tr></blockquote></p><p></td>    <td>+0.79%</p><p><blockquote><td>+0.79%</td></blockquote></p><p></td>    <td>+111</p><p><blockquote><td>+111</td></blockquote></p><p></td>   </tr>  </tbody> </table> DATA SOURCE: YAHOO! FINANCE.</p><p><blockquote>数据来源：雅虎！金融。</blockquote></p><p> Doing the splits</p><p><blockquote>做分裂</blockquote></p><p> General Electric's announcement confirmed that the industrial conglomerate will move forward with its 1-for-8 reverse split as approved at its May annual shareholder meeting. GE's plan is to make the reverse stock split effective after trading ends on Friday, July 30. Investors will get their first chance to trade the split-adjusted shares the following Monday, August 2.</p><p><blockquote>通用电气的公告证实，该工业集团将按照5月份年度股东大会的批准，推进8股1股的反向分拆。通用电气的计划是在7月30日星期五交易结束后使反向股票分割生效。投资者将于下周一（8月2日）首次有机会交易分割调整后的股票。</blockquote></p><p> CFO Carolina Dybeck Happe tried to explain the reason for the reverse split. She noted that although GE has divested several of its major business units in recent years, in particular the GE Capital financial unit, it hasn't made any corresponding adjustments to its outstanding share count. The result is a share base that inappropriately reflects the enterprise's former size rather than its more compact current configuration. After the split, GE will have just 1.1 billion shares outstanding, with a stock price that should come in just over $100 per share based on where shares closed on Monday.</p><p><blockquote>首席财务官Carolina Dybeck Happe试图解释反向拆分的原因。她指出，尽管通用电气近年来剥离了几个主要业务部门，特别是通用电气资本金融部门，但并未对其流通股数量进行任何相应调整。结果是份额基础不恰当地反映了企业以前的规模，而不是其更紧凑的当前配置。分拆后，通用电气将只有11亿股流通股，根据周一收盘价格，股价应略高于每股100美元。</blockquote></p><p> Can GE grow again?</p><p><blockquote>GE还能再次成长吗？</blockquote></p><p> In the past, many companies that have done reverse stock splits have seen their share prices continue to fall. Often, the move only provides extra fodder for bearish investors looking to make money by selling a stock short.</p><p><blockquote>过去，许多进行反向股票分割的公司股价持续下跌。通常，此举只会为希望通过卖空股票赚钱的看跌投资者提供额外的素材。</blockquote></p><p> However, there've been somenotable success stories. Perhaps the biggest involves<b>Booking Holdings</b>(NASDAQ:BKNG), which notably did a 1-for-6 reverse split in the early 2000s following the tech bust. The online travel giant's stock has been a huge multibagger since then as the business regained traction in the mid-2000s and afterward.</p><p><blockquote>然而，也有一些值得注意的成功故事。也许最大的涉及<b>预订控股</b>（纳斯达克股票代码：BKNG），该公司在2000年代初科技泡沫破灭后进行了6比1的反向分割。自那时以来，随着该业务在2000年代中期及之后重新获得牵引力，这家在线旅游巨头的股价一直大幅上涨。</blockquote></p><p> In order to beat the odds,General Electric will have to execute well on its growth strategy. That requires seeing the key aviation segment regain its past prowess, while also taking advantage of rising demand in power and renewable energy to bolster its overall presence in that key market. GE also has high aspirations for its healthcare business, as it hopes that an innovative spirit will get rewarded in the long run.</p><p><blockquote>为了战胜困难，通用电气必须很好地执行其增长战略。这需要看到关键的航空领域恢复其过去的实力，同时还要利用电力和可再生能源需求不断增长的机会来增强其在该关键市场的整体影响力。通用电气对其医疗保健业务也抱有很高的期望，因为它希望从长远来看，创新精神能够得到回报。</blockquote></p><p> GE has been a huge disappointment for shareholders since the mid-2010s, and despite a sizable bounce, the stock remains far below its best levels historically. That gives General Electric some room to rebound if it can get its business back on track. However, patient investors have to hope that the reverse stock split will prove to be a positive catalyst to affirm confidence in the future of the business in order to justify taking more time waiting for GE to turn itself around completely.</p><p><blockquote>自2010年代中期以来，通用电气一直让股东非常失望，尽管股价大幅反弹，但仍远低于历史最佳水平。如果通用电气能够让业务重回正轨，这将为其提供一些反弹空间。然而，耐心的投资者必须希望反向股票分割将被证明是一种积极的催化剂，可以肯定对业务未来的信心，以便证明花更多时间等待通用电气完全扭亏为盈是合理的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/21/will-this-reverse-stock-split-be-a-rare-winner/\">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":{"GE":"GE航空航天"},"source_url":"https://www.fool.com/investing/2021/06/21/will-this-reverse-stock-split-be-a-rare-winner/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123368698","content_text":"Reverse stock splits aren't generally seen as a good sign. When a stock has to resort to cutting its number of shares outstanding to boost its price, it's often an indicator that the company doesn't think its business can support the kind of growth necessary to get its stock moving in the right direction without such moves.\nLast Friday,General Electric(NYSE:GE)confirmed that it will become the latest company to roll the dice on a reverse split. We'll examine some details on thereverse stock split  and what it means for investors, but first, let's take a quick look at how the broader market did to begin the week.\nA good start on Wall Street\nMonday brought bullish investors back to the investing world after tough conditions last week sent stocks reeling. By the time the closing bell rang, theDow Jones Industrial Average(DJINDICES:^DJI),S&P 500(SNPINDEX:^GSPC), andNasdaq Composite(NASDAQINDEX:^IXIC)were up significantly.\n\n\n\nIndex\nPercentage Change\nPoint Change\n\n\n\n\nDow\n+1.76%\n+587\n\n\nS&P 500\n+1.40%\n+58\n\n\nNasdaq Composite\n+0.79%\n+111\n\n\n\nDATA SOURCE: YAHOO! FINANCE.\nDoing the splits\nGeneral Electric's announcement confirmed that the industrial conglomerate will move forward with its 1-for-8 reverse split as approved at its May annual shareholder meeting. GE's plan is to make the reverse stock split effective after trading ends on Friday, July 30. Investors will get their first chance to trade the split-adjusted shares the following Monday, August 2.\nCFO Carolina Dybeck Happe tried to explain the reason for the reverse split. She noted that although GE has divested several of its major business units in recent years, in particular the GE Capital financial unit, it hasn't made any corresponding adjustments to its outstanding share count. The result is a share base that inappropriately reflects the enterprise's former size rather than its more compact current configuration. After the split, GE will have just 1.1 billion shares outstanding, with a stock price that should come in just over $100 per share based on where shares closed on Monday.\nCan GE grow again?\nIn the past, many companies that have done reverse stock splits have seen their share prices continue to fall. Often, the move only provides extra fodder for bearish investors looking to make money by selling a stock short.\nHowever, there've been somenotable success stories. Perhaps the biggest involvesBooking Holdings(NASDAQ:BKNG), which notably did a 1-for-6 reverse split in the early 2000s following the tech bust. The online travel giant's stock has been a huge multibagger since then as the business regained traction in the mid-2000s and afterward.\nIn order to beat the odds,General Electric will have to execute well on its growth strategy. That requires seeing the key aviation segment regain its past prowess, while also taking advantage of rising demand in power and renewable energy to bolster its overall presence in that key market. GE also has high aspirations for its healthcare business, as it hopes that an innovative spirit will get rewarded in the long run.\nGE has been a huge disappointment for shareholders since the mid-2010s, and despite a sizable bounce, the stock remains far below its best levels historically. That gives General Electric some room to rebound if it can get its business back on track. However, patient investors have to hope that the reverse stock split will prove to be a positive catalyst to affirm confidence in the future of the business in order to justify taking more time waiting for GE to turn itself around completely.","news_type":1,"symbols_score_info":{"GE":0.9}},"isVote":1,"tweetType":1,"viewCount":694,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120490461,"gmtCreate":1624330594653,"gmtModify":1631891574455,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"Sideways","listText":"Sideways","text":"Sideways","images":[{"img":"https://static.tigerbbs.com/ad60c307ac56a55d772d30cd05972520","width":"1080","height":"1676"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120490461","isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":167439923,"gmtCreate":1624281345862,"gmtModify":1631891574456,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560834065076807","authorIdStr":"3560834065076807"},"themes":[],"htmlText":"Well looking forward yo","listText":"Well looking forward yo","text":"Well looking forward yo","images":[{"img":"https://static.tigerbbs.com/08e0c98274268f8cafe0635ddeadb749","width":"1080","height":"2836"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167439923","isVote":1,"tweetType":1,"viewCount":675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":881973535,"gmtCreate":1631287909127,"gmtModify":1631883628053,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560834065076807","idStr":"3560834065076807"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>great results","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>great results","text":"$Tiger Brokers(TIGR)$great 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Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1612563261,"share":"https://www.laohu8.com/m/news/2109777873?lang=zh_CN&edition=full","pubTime":"2021-02-06 06:14","market":"us","language":"en","title":"Activision Investors Applaud Q4 Report: What The Street Is Saying<blockquote>动视暴雪投资者对第四季度报告表示赞赏：华尔街的看法</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2109777873","media":"Benzinga","summary":"Video game maker Activision Blizzard, Inc. (NASDAQ: ATVI) reported fourth-quarter results Thursday that lifted shares to a new 52-week high, while four Street analysts see ","content":"<p><html><body>Video game maker <strong>Activision Blizzard, Inc.</strong> (NASDAQ:ATVI) reported fourth-quarter results Thursday that lifted shares to a new 52-week high, while four Street analysts see further upside ahead.</p><p><blockquote><html><body>电子游戏制作者<strong>动视暴雪公司。</strong>（纳斯达克：ATVI）周四公布了第四季度业绩，将股价推升至52周新高，而四位华尔街分析师认为未来还有进一步上涨的空间。</body></html></blockquote></p><p> <strong>The Activision Blizzard Analysts: </strong>Raymond James analyst Andrew Marok maintains an Outperform rating on Activision Blizzard's stock with a price target lifted from $109 to $120.</p><p><blockquote><strong>动视暴雪分析师：</strong>Raymond James分析师Andrew Marok维持动视暴雪股票跑赢大盘的评级，目标价从109美元上调至120美元。</blockquote></p><p> Needham analyst Laura Martin maintains a Buy rating on Activision Blizzard's stock with an unchanged $102 price target.</p><p><blockquote>Needham分析师Laura Martin维持动视暴雪股票的买入评级，目标价102美元不变。</blockquote></p><p> <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analyst Brian Nowak maintains an Overweight rating on Activision Blizzard's stock with a price target from $108 to $115.</p><p><blockquote><a href=\"https://laohu8.com/S/MSTLW\">摩根士丹利</a>分析师Brian Nowak维持动视暴雪股票的跑赢大盘评级，目标价为108美元至115美元。</blockquote></p><p> KeyBanc Capital Markets analyst Tyler Parker maintains an Overweight rating on Activision Blizzard's stock with a price target lifted from $102 to $120.</p><p><blockquote>KeyBanc Capital Markets分析师Tyler Parker维持动视暴雪股票的跑赢大盘评级，目标价从102美元上调至120美元。</blockquote></p><p> <strong>RayJay Sees Strength In 2021, Beyond: </strong>Activision Blizzard's revenue rose 13% year-over-year to $3.05 billion versus the Street’s estimate of $2.83 billion, Marok said in a note.</p><p><blockquote><strong>RayJay认为2021年的实力将超越：</strong>Marok在一份报告中表示，动视暴雪的收入同比增长13%至30.5亿美元，而华尔街预期为28.3亿美元。</blockquote></p><p> Revenue from the Activision segment rose 16% to $1.66 billion; King revenue was up 15% at $577 million; and Blizzard’s segment revenue was down 3% at $579 million, the analyst said. </p><p><blockquote>动视部门营收增长16%至16.6亿美元；King收入增长15%，达到5.77亿美元；分析师表示，暴雪的部门收入下降了3%，至5.79亿美元。</blockquote></p><p> The company’s core franchises, including Call of Duty, World of Warcraft and Candy Crush, all showed “robust” bookings growth in the quarter, he said.</p><p><blockquote>他表示，该公司的核心特许经营权，包括《使命看涨期权》、《魔兽世界》和《糖果粉碎传奇》，在本季度都显示出“强劲”的预订增长。</blockquote></p><p> Momentum should be sustained in 2021 and beyond ahead of multiple launches, including a potential remaster release this year and World of Warcraft mobile titles that are in advanced development, according to RayJay. </p><p><blockquote>根据RayJay的说法，在2021年及以后的多次发布之前，这一势头应该会持续下去，包括今年潜在的重制版和正在高级开发的魔兽世界手机游戏。</blockquote></p><p> <strong>Needham's 5 Key Takeaways: </strong>Activision’s earnings report is highlighted by five key takeaways, Martin said in a note.</p><p><blockquote><strong>李约瑟的5个关键要点：</strong>马丁在一份报告中表示，动视暴雪的收益报告强调了五个关键要点。</blockquote></p><p> They are: </p><p><blockquote>它们是：</blockquote></p><p> 1. The company noted its games reach 400 million players in 190 countries.</p><p><blockquote>1.该公司指出，其游戏在190个国家拥有4亿玩家。</blockquote></p><p> 2. Throughout 2020, the company had three game franchises that generated $1 billion in net bookings. Management guided toward two additional games hitting the $1-billion revenue milestone.</p><p><blockquote>2.2020年全年，该公司有三款游戏特许经营权，净预订量达到10亿美元。管理层指导另外两款游戏达到10亿美元的收入里程碑。</blockquote></p><p> 3. Activision expects to grow in 2021 despite difficult year-over-year comparisons.</p><p><blockquote>3.尽管同比比较困难，动视预计2021年仍将实现增长。</blockquote></p><p> 4. Management will focus development efforts on its largest franchises with the objective of duplicating the CoD model of monetizing free-to-play games.</p><p><blockquote>4.管理层将把开发工作集中在其最大的特许经营权上，目标是复制免费游戏货币化的CoD模式。</blockquote></p><p> 5. Warzone more than doubled its player base and generated a lot of interest in free premium trials.</p><p><blockquote>5.Warzone的玩家数量增加了一倍多，并引起了人们对免费高级试用的极大兴趣。</blockquote></p><p> <em>Related Link: For Some Video Game ETFs, It Was Fun While It Lasted With GameStop</em></p><p><blockquote><em>相关链接：对于一些视频游戏ETF来说，在游戏驿站持续期间很有趣</em></blockquote></p><p> <strong>Morgan Stanley's Reopening Concerns: </strong>Video games were <a href=\"https://laohu8.com/S/AONE\">one</a> of several categories that saw a notable uptick in demand during the COVID-19 pandemic, as consumers were looking for more forms of entertainment at home.</p><p><blockquote><strong>摩根士丹利对重新开放的担忧：</strong>电子游戏是<a href=\"https://laohu8.com/S/AONE\">一</a>在COVID-19大流行期间，随着消费者在家中寻找更多形式的娱乐，需求显着上升的几个类别中。</blockquote></p><p> Now that the reopening phase is very slowly starting to take place in some regions, it was \"encouraging\" to hear Activision's management say they are seeing momentum in reopening regions, Nowak said.</p><p><blockquote>诺瓦克表示，现在一些地区的重新开放阶段开始非常缓慢，听到动视暴雪管理层表示他们看到了重新开放地区的势头，这是“令人鼓舞的”。</blockquote></p><p> Ongoing demand in areas that are more advanced in the reopening process can be attributed to Activision's content and quality of its products, the analyst said.</p><p><blockquote>分析师表示，在重新开放过程中更先进的地区的持续需求可归因于动视暴雪的内容和产品质量。</blockquote></p><p> Encouragingly, Activision's 2021 EPS outlook of $3.60 could be conservative, he said. </p><p><blockquote>他表示，令人鼓舞的是，动视暴雪2021年每股收益3.60美元的前景可能较为保守。</blockquote></p><p> \"Given ATVI's historically pragmatic approach to forward guidance (having beaten their initial full year EPS guidance by 16% on average from '16-'19) we struggle to believe the company would have guided as aggressively as they did without a margin of safety on re-opening.\"</p><p><blockquote>“鉴于动视暴雪历来对前瞻性指引采取务实的态度（从16年到19年平均比最初的全年每股收益指引高出16%），我们很难相信该公司在没有安全边际的情况下会像他们那样积极地进行指引。重新开放。”</blockquote></p><p> <strong>KeyBanc Says 2022 Looks Big': </strong>Activision's fourth-quarter report came in better than expected, and the company's outlook through 2022 \"looks big,\" Parker said in a note.</p><p><blockquote><strong>KeyBanc表示2022年看起来很大”：</strong>帕克在一份报告中表示，动视暴雪第四季度报告好于预期，该公司到2022年的前景“看起来很大”。</blockquote></p><p> Activision's 2021 bookings guidance was stronger than expected despite the absence of a new AAA game this year, the analyst said.</p><p><blockquote>该分析师表示，尽管今年没有新的AAA游戏，但动视暴雪2021年的预订指引强于预期。</blockquote></p><p> This suggests ongoing strength in the broader gaming market, but also momentum across Activision's portfolio, he said. </p><p><blockquote>他表示，这表明更广泛的游戏市场持续强劲，同时也表明动视暴雪产品组合的势头强劲。</blockquote></p><p> Activision hinted at a \"step-function change\" in 2022 that will be driven by a WoW expansion, a ramp in Diablo Immortal and a potential Overwatch 2 release, Parker said. </p><p><blockquote>帕克说，动视暗示2022年将发生“逐步功能变化”，这将由魔兽世界资料片、暗黑破坏神不朽的升级和潜在的守望先锋2版本推动。</blockquote></p><p> \"ATVI's franchise strategy to expand offerings to more platforms and models is working, and we believe there are multiple opportunities in place to grow the business for years to come.\"</p><p><blockquote>“动视暴雪将产品扩展到更多平台和型号的特许经营战略正在发挥作用，我们相信未来几年将有多种机会发展业务。”</blockquote></p><p> <strong>ATVI Price Action:</strong> Shares of Activision Blizzard hit a new 52-week high of $104.23 Friday. The stock gained 9.64% in Friday's session, closing at $101.61.</p><p><blockquote><strong>动视暴雪价格走势：</strong>动视暴雪股价周五触及52周新高104.23美元。该股周五上涨9.64%，收于101.61美元。</blockquote></p><p> <em>Photo courtesy of Activision.</em></p><p><blockquote><em>照片由动视提供。</em></blockquote></p><p> </body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activision Investors Applaud Q4 Report: What The Street Is Saying<blockquote>动视暴雪投资者对第四季度报告表示赞赏：华尔街的看法</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nActivision Investors Applaud Q4 Report: What The Street Is Saying<blockquote>动视暴雪投资者对第四季度报告表示赞赏：华尔街的看法</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-02-06 06:14</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><html><body>Video game maker <strong>Activision Blizzard, Inc.</strong> (NASDAQ:ATVI) reported fourth-quarter results Thursday that lifted shares to a new 52-week high, while four Street analysts see further upside ahead.</p><p><blockquote><html><body>电子游戏制作者<strong>动视暴雪公司。</strong>（纳斯达克：ATVI）周四公布了第四季度业绩，将股价推升至52周新高，而四位华尔街分析师认为未来还有进一步上涨的空间。</body></html></blockquote></p><p> <strong>The Activision Blizzard Analysts: </strong>Raymond James analyst Andrew Marok maintains an Outperform rating on Activision Blizzard's stock with a price target lifted from $109 to $120.</p><p><blockquote><strong>动视暴雪分析师：</strong>Raymond James分析师Andrew Marok维持动视暴雪股票跑赢大盘的评级，目标价从109美元上调至120美元。</blockquote></p><p> Needham analyst Laura Martin maintains a Buy rating on Activision Blizzard's stock with an unchanged $102 price target.</p><p><blockquote>Needham分析师Laura Martin维持动视暴雪股票的买入评级，目标价102美元不变。</blockquote></p><p> <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analyst Brian Nowak maintains an Overweight rating on Activision Blizzard's stock with a price target from $108 to $115.</p><p><blockquote><a href=\"https://laohu8.com/S/MSTLW\">摩根士丹利</a>分析师Brian Nowak维持动视暴雪股票的跑赢大盘评级，目标价为108美元至115美元。</blockquote></p><p> KeyBanc Capital Markets analyst Tyler Parker maintains an Overweight rating on Activision Blizzard's stock with a price target lifted from $102 to $120.</p><p><blockquote>KeyBanc Capital Markets分析师Tyler Parker维持动视暴雪股票的跑赢大盘评级，目标价从102美元上调至120美元。</blockquote></p><p> <strong>RayJay Sees Strength In 2021, Beyond: </strong>Activision Blizzard's revenue rose 13% year-over-year to $3.05 billion versus the Street’s estimate of $2.83 billion, Marok said in a note.</p><p><blockquote><strong>RayJay认为2021年的实力将超越：</strong>Marok在一份报告中表示，动视暴雪的收入同比增长13%至30.5亿美元，而华尔街预期为28.3亿美元。</blockquote></p><p> Revenue from the Activision segment rose 16% to $1.66 billion; King revenue was up 15% at $577 million; and Blizzard’s segment revenue was down 3% at $579 million, the analyst said. </p><p><blockquote>动视部门营收增长16%至16.6亿美元；King收入增长15%，达到5.77亿美元；分析师表示，暴雪的部门收入下降了3%，至5.79亿美元。</blockquote></p><p> The company’s core franchises, including Call of Duty, World of Warcraft and Candy Crush, all showed “robust” bookings growth in the quarter, he said.</p><p><blockquote>他表示，该公司的核心特许经营权，包括《使命看涨期权》、《魔兽世界》和《糖果粉碎传奇》，在本季度都显示出“强劲”的预订增长。</blockquote></p><p> Momentum should be sustained in 2021 and beyond ahead of multiple launches, including a potential remaster release this year and World of Warcraft mobile titles that are in advanced development, according to RayJay. </p><p><blockquote>根据RayJay的说法，在2021年及以后的多次发布之前，这一势头应该会持续下去，包括今年潜在的重制版和正在高级开发的魔兽世界手机游戏。</blockquote></p><p> <strong>Needham's 5 Key Takeaways: </strong>Activision’s earnings report is highlighted by five key takeaways, Martin said in a note.</p><p><blockquote><strong>李约瑟的5个关键要点：</strong>马丁在一份报告中表示，动视暴雪的收益报告强调了五个关键要点。</blockquote></p><p> They are: </p><p><blockquote>它们是：</blockquote></p><p> 1. The company noted its games reach 400 million players in 190 countries.</p><p><blockquote>1.该公司指出，其游戏在190个国家拥有4亿玩家。</blockquote></p><p> 2. Throughout 2020, the company had three game franchises that generated $1 billion in net bookings. Management guided toward two additional games hitting the $1-billion revenue milestone.</p><p><blockquote>2.2020年全年，该公司有三款游戏特许经营权，净预订量达到10亿美元。管理层指导另外两款游戏达到10亿美元的收入里程碑。</blockquote></p><p> 3. Activision expects to grow in 2021 despite difficult year-over-year comparisons.</p><p><blockquote>3.尽管同比比较困难，动视预计2021年仍将实现增长。</blockquote></p><p> 4. Management will focus development efforts on its largest franchises with the objective of duplicating the CoD model of monetizing free-to-play games.</p><p><blockquote>4.管理层将把开发工作集中在其最大的特许经营权上，目标是复制免费游戏货币化的CoD模式。</blockquote></p><p> 5. Warzone more than doubled its player base and generated a lot of interest in free premium trials.</p><p><blockquote>5.Warzone的玩家数量增加了一倍多，并引起了人们对免费高级试用的极大兴趣。</blockquote></p><p> <em>Related Link: For Some Video Game ETFs, It Was Fun While It Lasted With GameStop</em></p><p><blockquote><em>相关链接：对于一些视频游戏ETF来说，在游戏驿站持续期间很有趣</em></blockquote></p><p> <strong>Morgan Stanley's Reopening Concerns: </strong>Video games were <a href=\"https://laohu8.com/S/AONE\">one</a> of several categories that saw a notable uptick in demand during the COVID-19 pandemic, as consumers were looking for more forms of entertainment at home.</p><p><blockquote><strong>摩根士丹利对重新开放的担忧：</strong>电子游戏是<a href=\"https://laohu8.com/S/AONE\">一</a>在COVID-19大流行期间，随着消费者在家中寻找更多形式的娱乐，需求显着上升的几个类别中。</blockquote></p><p> Now that the reopening phase is very slowly starting to take place in some regions, it was \"encouraging\" to hear Activision's management say they are seeing momentum in reopening regions, Nowak said.</p><p><blockquote>诺瓦克表示，现在一些地区的重新开放阶段开始非常缓慢，听到动视暴雪管理层表示他们看到了重新开放地区的势头，这是“令人鼓舞的”。</blockquote></p><p> Ongoing demand in areas that are more advanced in the reopening process can be attributed to Activision's content and quality of its products, the analyst said.</p><p><blockquote>分析师表示，在重新开放过程中更先进的地区的持续需求可归因于动视暴雪的内容和产品质量。</blockquote></p><p> Encouragingly, Activision's 2021 EPS outlook of $3.60 could be conservative, he said. </p><p><blockquote>他表示，令人鼓舞的是，动视暴雪2021年每股收益3.60美元的前景可能较为保守。</blockquote></p><p> \"Given ATVI's historically pragmatic approach to forward guidance (having beaten their initial full year EPS guidance by 16% on average from '16-'19) we struggle to believe the company would have guided as aggressively as they did without a margin of safety on re-opening.\"</p><p><blockquote>“鉴于动视暴雪历来对前瞻性指引采取务实的态度（从16年到19年平均比最初的全年每股收益指引高出16%），我们很难相信该公司在没有安全边际的情况下会像他们那样积极地进行指引。重新开放。”</blockquote></p><p> <strong>KeyBanc Says 2022 Looks Big': </strong>Activision's fourth-quarter report came in better than expected, and the company's outlook through 2022 \"looks big,\" Parker said in a note.</p><p><blockquote><strong>KeyBanc表示2022年看起来很大”：</strong>帕克在一份报告中表示，动视暴雪第四季度报告好于预期，该公司到2022年的前景“看起来很大”。</blockquote></p><p> Activision's 2021 bookings guidance was stronger than expected despite the absence of a new AAA game this year, the analyst said.</p><p><blockquote>该分析师表示，尽管今年没有新的AAA游戏，但动视暴雪2021年的预订指引强于预期。</blockquote></p><p> This suggests ongoing strength in the broader gaming market, but also momentum across Activision's portfolio, he said. </p><p><blockquote>他表示，这表明更广泛的游戏市场持续强劲，同时也表明动视暴雪产品组合的势头强劲。</blockquote></p><p> Activision hinted at a \"step-function change\" in 2022 that will be driven by a WoW expansion, a ramp in Diablo Immortal and a potential Overwatch 2 release, Parker said. </p><p><blockquote>帕克说，动视暗示2022年将发生“逐步功能变化”，这将由魔兽世界资料片、暗黑破坏神不朽的升级和潜在的守望先锋2版本推动。</blockquote></p><p> \"ATVI's franchise strategy to expand offerings to more platforms and models is working, and we believe there are multiple opportunities in place to grow the business for years to come.\"</p><p><blockquote>“动视暴雪将产品扩展到更多平台和型号的特许经营战略正在发挥作用，我们相信未来几年将有多种机会发展业务。”</blockquote></p><p> <strong>ATVI Price Action:</strong> Shares of Activision Blizzard hit a new 52-week high of $104.23 Friday. The stock gained 9.64% in Friday's session, closing at $101.61.</p><p><blockquote><strong>动视暴雪价格走势：</strong>动视暴雪股价周五触及52周新高104.23美元。该股周五上涨9.64%，收于101.61美元。</blockquote></p><p> <em>Photo courtesy of Activision.</em></p><p><blockquote><em>照片由动视提供。</em></blockquote></p><p> </body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ATVI":"动视暴雪"},"source_url":"https://www.benzinga.com/node/19512510","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2109777873","content_text":"Video game maker Activision Blizzard, Inc. (NASDAQ:ATVI) reported fourth-quarter results Thursday that lifted shares to a new 52-week high, while four Street analysts see further upside ahead.\nThe Activision Blizzard Analysts: Raymond James analyst Andrew Marok maintains an Outperform rating on Activision Blizzard's stock with a price target lifted from $109 to $120.\nNeedham analyst Laura Martin maintains a Buy rating on Activision Blizzard's stock with an unchanged $102 price target.\nMorgan Stanley analyst Brian Nowak maintains an Overweight rating on Activision Blizzard's stock with a price target from $108 to $115.\nKeyBanc Capital Markets analyst Tyler Parker maintains an Overweight rating on Activision Blizzard's stock with a price target lifted from $102 to $120.\nRayJay Sees Strength In 2021, Beyond: Activision Blizzard's revenue rose 13% year-over-year to $3.05 billion versus the Street’s estimate of $2.83 billion, Marok said in a note.\nRevenue from the Activision segment rose 16% to $1.66 billion; King revenue was up 15% at $577 million; and Blizzard’s segment revenue was down 3% at $579 million, the analyst said. \nThe company’s core franchises, including Call of Duty, World of Warcraft and Candy Crush, all showed “robust” bookings growth in the quarter, he said.\nMomentum should be sustained in 2021 and beyond ahead of multiple launches, including a potential remaster release this year and World of Warcraft mobile titles that are in advanced development, according to RayJay. \nNeedham's 5 Key Takeaways: Activision’s earnings report is highlighted by five key takeaways, Martin said in a note.\nThey are: \n1. The company noted its games reach 400 million players in 190 countries.\n2. Throughout 2020, the company had three game franchises that generated $1 billion in net bookings. Management guided toward two additional games hitting the $1-billion revenue milestone.\n3. Activision expects to grow in 2021 despite difficult year-over-year comparisons.\n4. Management will focus development efforts on its largest franchises with the objective of duplicating the CoD model of monetizing free-to-play games.\n5. Warzone more than doubled its player base and generated a lot of interest in free premium trials.\nRelated Link: For Some Video Game ETFs, It Was Fun While It Lasted With GameStop\nMorgan Stanley's Reopening Concerns: Video games were one of several categories that saw a notable uptick in demand during the COVID-19 pandemic, as consumers were looking for more forms of entertainment at home.\nNow that the reopening phase is very slowly starting to take place in some regions, it was \"encouraging\" to hear Activision's management say they are seeing momentum in reopening regions, Nowak said.\nOngoing demand in areas that are more advanced in the reopening process can be attributed to Activision's content and quality of its products, the analyst said.\nEncouragingly, Activision's 2021 EPS outlook of $3.60 could be conservative, he said. \n\"Given ATVI's historically pragmatic approach to forward guidance (having beaten their initial full year EPS guidance by 16% on average from '16-'19) we struggle to believe the company would have guided as aggressively as they did without a margin of safety on re-opening.\"\nKeyBanc Says 2022 Looks Big': Activision's fourth-quarter report came in better than expected, and the company's outlook through 2022 \"looks big,\" Parker said in a note.\nActivision's 2021 bookings guidance was stronger than expected despite the absence of a new AAA game this year, the analyst said.\nThis suggests ongoing strength in the broader gaming market, but also momentum across Activision's portfolio, he said. \nActivision hinted at a \"step-function change\" in 2022 that will be driven by a WoW expansion, a ramp in Diablo Immortal and a potential Overwatch 2 release, Parker said. \n\"ATVI's franchise strategy to expand offerings to more platforms and models is working, and we believe there are multiple opportunities in place to grow the business for years to come.\"\nATVI Price Action: Shares of Activision Blizzard hit a new 52-week high of $104.23 Friday. The stock gained 9.64% in Friday's session, closing at $101.61.\nPhoto courtesy of Activision.","news_type":1,"symbols_score_info":{"ATVI":0.9}},"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148765642,"gmtCreate":1626018978686,"gmtModify":1631884141774,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560834065076807","idStr":"3560834065076807"},"themes":[],"htmlText":"Google not showing signs of slowing","listText":"Google not showing signs of slowing","text":"Google not showing signs of slowing","images":[{"img":"https://static.tigerbbs.com/ea12b7f2c8c1c5976761e46a7655ac4d","width":"1080","height":"2657"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/148765642","isVote":1,"tweetType":1,"viewCount":2621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":104810099,"gmtCreate":1620372765011,"gmtModify":1634205690975,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560834065076807","idStr":"3560834065076807"},"themes":[],"htmlText":"Wow bullish","listText":"Wow bullish","text":"Wow bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/104810099","repostId":"1157328258","repostType":4,"repost":{"id":"1157328258","kind":"news","pubTimestamp":1620360165,"share":"https://www.laohu8.com/m/news/1157328258?lang=zh_CN&edition=full","pubTime":"2021-05-07 12:02","market":"us","language":"en","title":"Amazon: The Most Clearly Undervalued Company<blockquote>亚马逊：最明显被低估的公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1157328258","media":"Seeking alpha","summary":"SummaryAmazon is one of the companies whose growth has not yet reached its limit and not even entere","content":"<p>Summary</p><p><blockquote>总结</blockquote></p><p><ul><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.</li><li>In terms of comparative valuation, AMZN is undervalued against the market.</li><li>DCF-based Amazon stock price target suggests 30% upside potential. But I think this is not even a basic scenario, but a pessimistic scenario.</li></ul>I present my comprehensive Amazon (AMZN) analysis in light of the results of the last quarter.</p><p><blockquote><ul><li>亚马逊是增长尚未达到极限，甚至还没有进入平台期的公司之一。</li><li>就比较估值而言，AMZN相对于市场被低估。</li><li>基于DCF的亚马逊股价目标显示30%的上涨潜力。但我认为这甚至不是一个基本的情景，而是一个悲观的情景。</li></ul>我根据上个季度的业绩对亚马逊（AMZN）进行了全面的分析。</blockquote></p><p>#1 Price vs. Growth</p><p><blockquote>#1价格与增长</blockquote></p><p>First of all, let's assess whether we can statistically state that Amazon's growth has accelerated or slowed down in the last quarter. To do this, let's compare the revenue growth trends of the key segments of the company with and without the results of the last four quarters.</p><p><blockquote>首先，我们来评估一下我们是否可以从统计数据上说明亚马逊上个季度的增长是加速还是放缓。为此，让我们比较一下有和没有过去四个季度业绩的公司关键部门的收入增长趋势。</blockquote></p><p>The dynamics of the 'Online Stores' segment showed a qualitative breakthrough. Without taking into account the last four quarters, a near-linear trend was observed here. Now, it has become exponential:</p><p><blockquote>“在线商店”部分的动态显示出质的突破。在不考虑过去四个季度的情况下，这里观察到了接近线性的趋势。现在，它已经成为指数级增长：</blockquote></p><p><img src=\"https://static.tigerbbs.com/bac49a9df0e5b978dc15e20bedfce3da\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Third-Party Seller Services' segment - the exponential growth continues:</p><p><blockquote>“第三方卖家服务”细分市场——指数级增长仍在继续：</blockquote></p><p><img src=\"https://static.tigerbbs.com/6b58df42726bc01c8a5e5c2940d0476d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Subscription Services' (Amazon Prime) segment - here the acceleration remains, and the result of the last quarter was better than the trend:</p><p><blockquote>“订阅服务”（Amazon Prime）细分市场——这里的加速仍然存在，上个季度的结果好于趋势：</blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Other' (advertising services) segment has also showed a significant acceleration:<img src=\"https://static.tigerbbs.com/a58095394bdd79d561166a74942a9e55\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote>“其他”（广告服务）部门也显示出显着的加速：</blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The growth trend of 'Amazon Web Services' has slowed down, but judging by the results of the last quarter, there is a gradual return to the previous trend:</p><p><blockquote>‘Amazon Web Services’的增长趋势有所放缓，但从上个季度的结果来看，有逐渐回归之前的趋势：</blockquote></p><p><img src=\"https://static.tigerbbs.com/07069ccaab37c32eed56da69881e7bce\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>Geographically, Amazon's revenue was also significantly better than the trend:</p><p><blockquote>从地域上看，亚马逊的营收也明显好于趋势：</blockquote></p><p><img src=\"https://static.tigerbbs.com/a1d9246e5c01aac6c62e49ad7cd73e2c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0e7276161a3d2b2159ab3d727d3cb7d9\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>So, statistically, not subjectively, we should recognize the acceleration of the company's growth</i><i><b>in all key segments</b></i><i>. In my opinion, this is exactly what is expected from Amazon.</i></p><p><blockquote><i>因此，从统计上，而不是主观上，我们应该认识到公司增长的加速</i><i><b>在所有关键细分市场</b></i><i>.在我看来，这正是人们对亚马逊的期望。</i></blockquote></p><p>Further. Over the last 10 years, Amazon's capitalization has been in a qualitative linear relationship with its revenue:</p><p><blockquote>更远地。在过去10年中，亚马逊的资本化与其收入呈定性线性关系：</blockquote></p><p><img src=\"https://static.tigerbbs.com/f105c314902d29dae4d0f0e400aa2245\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>There is also a certain influence of the company's revenue growth rate on its multiples:</p><p><blockquote>公司营收增速对其倍数也有一定影响：</blockquote></p><p><img src=\"https://static.tigerbbs.com/8beca01b5624a15aab79465c580ded6b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>Based on these two relationships and taking into account the influence of the growth of theM2 money stockin the US, it is possible to build another model that allows us to determine the balanced level of the company's capitalization. In addition, this model allows to model the growth of the company's capitalization based on the current expectations of analysts regarding the company's revenue growth in the next four quarters. Here is this model:</p><p><blockquote>基于这两种关系，并考虑到美国货币存量增长的影响，有可能建立另一个模型，使我们能够确定公司资本化的平衡水平。此外，该模型允许根据分析师当前对公司未来四个季度收入增长的预期来模拟公司资本的增长。这是这个模型：</blockquote></p><p><img src=\"https://static.tigerbbs.com/083fa1dc350e5e54cc7d3145744c9e4c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d63f0cff5e0dd83343d26ee90552a033\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>As you can see, firstly, this model indicates that the company's current price is already</i><i><b>below the balanced level</b></i><i>. And secondly, it assumes a</i><i><b>25% growth</b></i><i>in capitalization in the next four quarters.</i></p><p><blockquote><i>正如你所看到的，首先，这个模型表明公司当前的价格已经</i><i><b>低于平衡水平</b></i><i>其次，它假设</i><i><b>25%增长</b></i><i>未来四个季度的资本化。</i></blockquote></p><p>#2 Comparative Valuation</p><p><blockquote>#2比较估值</blockquote></p><p>In the previous block, I modeled Amazon's balanced price based on revenue. What is remarkable is that if we apply the same approach to the comparative valuation of the company using multiples, we will fail. At least I have not been able to find a single revenue-based multiple that would make it possible to successfully compare Amazon to other companies. But the forward P/E (next FY) multiple adjusted by the expected EPS annual growth rate made it possible to find a suitable model:</p><p><blockquote>在上一个模块中，我根据收入对亚马逊的均衡价格进行了建模。值得注意的是，如果我们用同样的方法使用倍数对公司进行比较估值，我们就会失败。至少我还没有找到一个基于收入的倍数来成功地将亚马逊与其他公司进行比较。但根据预期每股收益年增长率调整后的远期市盈率（下一财年）倍数使得找到合适的模型成为可能：</blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/97ac0310bcef622e12c8c21d46979f7e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8d7573ff8a7fc00719a51042f09fc989\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>As you can see, judging by this multiple, Amazon is significantly undervalued.</i></p><p><blockquote><i>正如你所看到的，从这个倍数来看，亚马逊被严重低估了。</i></blockquote></p><p>#3 Discounted Cash Flow Model</p><p><blockquote>#3贴现现金流模型</blockquote></p><p>When predicting Amazon's revenue for the next decade, I proceeded from the average expectations ofanalysts:</p><p><blockquote>在预测亚马逊未来十年的收入时，我从分析师的平均预期出发：</blockquote></p><p><img src=\"https://static.tigerbbs.com/9f41298db73dbcd92469026cc4e767c4\" tg-width=\"640\" tg-height=\"323\" referrerpolicy=\"no-referrer\"><i>Source: Seeking Alpha Pro</i></p><p><blockquote><i>资料来源：寻求Alpha Pro</i></blockquote></p><p>When predicting the dynamics of Amazon's operating margin, I also proceeded from analysts'expectationsregarding the growth of the company's EPS, and taking into account the gradual increase in the tax rate to 25%. In my opinion, a gradual increase in the operating margin to 8% in the terminal year is a very realistic scenario.</p><p><blockquote>在预测亚马逊营业利润率的动态时，我也从分析师对公司每股收益增长的预期出发，并考虑到税率逐渐提高到25%。在我看来，在终端年将营业利润率逐步提高到8%是一个非常现实的情况。</blockquote></p><p>Here is the calculation of the Weighted Average Cost of Capital:</p><p><blockquote>以下是加权平均资本成本的计算：</blockquote></p><p><img src=\"https://static.tigerbbs.com/759163398701e54efd7cfabd11a0867d\" tg-width=\"480\" tg-height=\"374\" referrerpolicy=\"no-referrer\"><i>Source: Author</i></p><p><blockquote><i>来源：作者</i></blockquote></p><p>Some explanations:</p><p><blockquote>一些解释：</blockquote></p><p><ul><li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.6%).</li><li>I used the currentvalueof the three-year beta coefficient (0.92). For the terminal year, I used Beta equal to 1.</li><li>To calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.</li></ul>Here is the model itself:</p><p><blockquote><ul><li>为了计算市场回报率，我使用了equityriskpremium（4.72%）和UST10的当前收益率作为无风险利率（1.6%）。</li><li>我使用了三年贝塔系数的当前值（0.92）。在最后一年，我使用Beta等于1。</li><li>为了计算债务成本，我使用2019年和2020年的利息支出除以同年的债务价值。</li></ul>以下是模型本身：</blockquote></p><p><img src=\"https://static.tigerbbs.com/0df02bca01b3ef74d3b640d95eb00590\" tg-width=\"640\" tg-height=\"528\" referrerpolicy=\"no-referrer\">(In high resolution)</p><p><blockquote>（高分辨率）</blockquote></p><p><i>Source: Author</i></p><p><blockquote><i>来源：作者</i></blockquote></p><p><i>The DCF-based target price of Amazon's shares is $4,280, offering 29% upside.</i></p><p><blockquote><i>亚马逊股票基于DCF的目标价为4,280美元，上涨空间为29%。</i></blockquote></p><p>Final thoughts</p><p><blockquote>最后的想法</blockquote></p><p><ol><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase. In a sense, this is a startup with $73 billion cash.</li><li>The fact that Amazon remains in the acceleration phase does not mean that its capitalization is constantly undervalued. But in this case, based on the patterns between the company's capitalization and the parameters of its revenue, we can conclude that the company is<b>undervalued</b>.</li><li>Comparing Amazon to other companies through the prism of expected EPS growth, it must be admitted that the company is<b>much cheaper</b>than the market.</li><li>DCF model based on average expectations analysts indicate a 30% undervaluation. At the start of the year, a similarmodelindicated a 20% undervaluation.</li><li>When you look at Amazon's revenue forecast for the next decade, you realize that the company will face growth problems. But in my opinion,<i>it is better to invest in a company facing growth problems than aging problems</i>.</li></ol></p><p><blockquote><ol><li>亚马逊是增长尚未达到极限，甚至还没有进入平台期的公司之一。从某种意义上说，这是一家拥有730亿美元现金的初创公司。</li><li>亚马逊仍处于加速阶段的事实并不意味着其市值不断被低估。但在这种情况下，根据公司的资本化和收入参数之间的模式，我们可以得出结论，公司是<b>被低估</b>.</li><li>通过预期每股收益增长的棱镜将亚马逊与其他公司进行比较，必须承认该公司是<b>便宜多了</b>比市场。</li><li>基于平均预期的DCF模型分析师表示低估了30%。今年年初，类似的模型显示估值被低估了20%。</li><li>当你看亚马逊未来十年的收入预测时，你会意识到该公司将面临增长问题。但在我看来，<i>投资一家面临增长问题的公司比投资老龄化问题的公司更好</i>.</li></ol></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>Amazon: The Most Clearly Undervalued Company<blockquote>亚马逊：最明显被低估的公司</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\">\nAmazon: The Most Clearly Undervalued Company<blockquote>亚马逊：最明显被低估的公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking alpha</strong><span class=\"h-time small\">2021-05-07 12:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Summary</p><p><blockquote>总结</blockquote></p><p><ul><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.</li><li>In terms of comparative valuation, AMZN is undervalued against the market.</li><li>DCF-based Amazon stock price target suggests 30% upside potential. But I think this is not even a basic scenario, but a pessimistic scenario.</li></ul>I present my comprehensive Amazon (AMZN) analysis in light of the results of the last quarter.</p><p><blockquote><ul><li>亚马逊是增长尚未达到极限，甚至还没有进入平台期的公司之一。</li><li>就比较估值而言，AMZN相对于市场被低估。</li><li>基于DCF的亚马逊股价目标显示30%的上涨潜力。但我认为这甚至不是一个基本的情景，而是一个悲观的情景。</li></ul>我根据上个季度的业绩对亚马逊（AMZN）进行了全面的分析。</blockquote></p><p>#1 Price vs. Growth</p><p><blockquote>#1价格与增长</blockquote></p><p>First of all, let's assess whether we can statistically state that Amazon's growth has accelerated or slowed down in the last quarter. To do this, let's compare the revenue growth trends of the key segments of the company with and without the results of the last four quarters.</p><p><blockquote>首先，我们来评估一下我们是否可以从统计数据上说明亚马逊上个季度的增长是加速还是放缓。为此，让我们比较一下有和没有过去四个季度业绩的公司关键部门的收入增长趋势。</blockquote></p><p>The dynamics of the 'Online Stores' segment showed a qualitative breakthrough. Without taking into account the last four quarters, a near-linear trend was observed here. Now, it has become exponential:</p><p><blockquote>“在线商店”部分的动态显示出质的突破。在不考虑过去四个季度的情况下，这里观察到了接近线性的趋势。现在，它已经成为指数级增长：</blockquote></p><p><img src=\"https://static.tigerbbs.com/bac49a9df0e5b978dc15e20bedfce3da\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Third-Party Seller Services' segment - the exponential growth continues:</p><p><blockquote>“第三方卖家服务”细分市场——指数级增长仍在继续：</blockquote></p><p><img src=\"https://static.tigerbbs.com/6b58df42726bc01c8a5e5c2940d0476d\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Subscription Services' (Amazon Prime) segment - here the acceleration remains, and the result of the last quarter was better than the trend:</p><p><blockquote>“订阅服务”（Amazon Prime）细分市场——这里的加速仍然存在，上个季度的结果好于趋势：</blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The 'Other' (advertising services) segment has also showed a significant acceleration:<img src=\"https://static.tigerbbs.com/a58095394bdd79d561166a74942a9e55\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote>“其他”（广告服务）部门也显示出显着的加速：</blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>The growth trend of 'Amazon Web Services' has slowed down, but judging by the results of the last quarter, there is a gradual return to the previous trend:</p><p><blockquote>‘Amazon Web Services’的增长趋势有所放缓，但从上个季度的结果来看，有逐渐回归之前的趋势：</blockquote></p><p><img src=\"https://static.tigerbbs.com/07069ccaab37c32eed56da69881e7bce\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>Geographically, Amazon's revenue was also significantly better than the trend:</p><p><blockquote>从地域上看，亚马逊的营收也明显好于趋势：</blockquote></p><p><img src=\"https://static.tigerbbs.com/a1d9246e5c01aac6c62e49ad7cd73e2c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0e7276161a3d2b2159ab3d727d3cb7d9\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>So, statistically, not subjectively, we should recognize the acceleration of the company's growth</i><i><b>in all key segments</b></i><i>. In my opinion, this is exactly what is expected from Amazon.</i></p><p><blockquote><i>因此，从统计上，而不是主观上，我们应该认识到公司增长的加速</i><i><b>在所有关键细分市场</b></i><i>.在我看来，这正是人们对亚马逊的期望。</i></blockquote></p><p>Further. Over the last 10 years, Amazon's capitalization has been in a qualitative linear relationship with its revenue:</p><p><blockquote>更远地。在过去10年中，亚马逊的资本化与其收入呈定性线性关系：</blockquote></p><p><img src=\"https://static.tigerbbs.com/f105c314902d29dae4d0f0e400aa2245\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>There is also a certain influence of the company's revenue growth rate on its multiples:</p><p><blockquote>公司营收增速对其倍数也有一定影响：</blockquote></p><p><img src=\"https://static.tigerbbs.com/8beca01b5624a15aab79465c580ded6b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p>Based on these two relationships and taking into account the influence of the growth of theM2 money stockin the US, it is possible to build another model that allows us to determine the balanced level of the company's capitalization. In addition, this model allows to model the growth of the company's capitalization based on the current expectations of analysts regarding the company's revenue growth in the next four quarters. Here is this model:</p><p><blockquote>基于这两种关系，并考虑到美国货币存量增长的影响，有可能建立另一个模型，使我们能够确定公司资本化的平衡水平。此外，该模型允许根据分析师当前对公司未来四个季度收入增长的预期来模拟公司资本的增长。这是这个模型：</blockquote></p><p><img src=\"https://static.tigerbbs.com/083fa1dc350e5e54cc7d3145744c9e4c\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d63f0cff5e0dd83343d26ee90552a033\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>As you can see, firstly, this model indicates that the company's current price is already</i><i><b>below the balanced level</b></i><i>. And secondly, it assumes a</i><i><b>25% growth</b></i><i>in capitalization in the next four quarters.</i></p><p><blockquote><i>正如你所看到的，首先，这个模型表明公司当前的价格已经</i><i><b>低于平衡水平</b></i><i>其次，它假设</i><i><b>25%增长</b></i><i>未来四个季度的资本化。</i></blockquote></p><p>#2 Comparative Valuation</p><p><blockquote>#2比较估值</blockquote></p><p>In the previous block, I modeled Amazon's balanced price based on revenue. What is remarkable is that if we apply the same approach to the comparative valuation of the company using multiples, we will fail. At least I have not been able to find a single revenue-based multiple that would make it possible to successfully compare Amazon to other companies. But the forward P/E (next FY) multiple adjusted by the expected EPS annual growth rate made it possible to find a suitable model:</p><p><blockquote>在上一个模块中，我根据收入对亚马逊的均衡价格进行了建模。值得注意的是，如果我们用同样的方法使用倍数对公司进行比较估值，我们就会失败。至少我还没有找到一个基于收入的倍数来成功地将亚马逊与其他公司进行比较。但根据预期每股收益年增长率调整后的远期市盈率（下一财年）倍数使得找到合适的模型成为可能：</blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/97ac0310bcef622e12c8c21d46979f7e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8d7573ff8a7fc00719a51042f09fc989\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><i>Source: VisualizedAnalytics.com</i></p><p><blockquote><i>资料来源：VisualizedAnalytics.com</i></blockquote></p><p><i>As you can see, judging by this multiple, Amazon is significantly undervalued.</i></p><p><blockquote><i>正如你所看到的，从这个倍数来看，亚马逊被严重低估了。</i></blockquote></p><p>#3 Discounted Cash Flow Model</p><p><blockquote>#3贴现现金流模型</blockquote></p><p>When predicting Amazon's revenue for the next decade, I proceeded from the average expectations ofanalysts:</p><p><blockquote>在预测亚马逊未来十年的收入时，我从分析师的平均预期出发：</blockquote></p><p><img src=\"https://static.tigerbbs.com/9f41298db73dbcd92469026cc4e767c4\" tg-width=\"640\" tg-height=\"323\" referrerpolicy=\"no-referrer\"><i>Source: Seeking Alpha Pro</i></p><p><blockquote><i>资料来源：寻求Alpha Pro</i></blockquote></p><p>When predicting the dynamics of Amazon's operating margin, I also proceeded from analysts'expectationsregarding the growth of the company's EPS, and taking into account the gradual increase in the tax rate to 25%. In my opinion, a gradual increase in the operating margin to 8% in the terminal year is a very realistic scenario.</p><p><blockquote>在预测亚马逊营业利润率的动态时，我也从分析师对公司每股收益增长的预期出发，并考虑到税率逐渐提高到25%。在我看来，在终端年将营业利润率逐步提高到8%是一个非常现实的情况。</blockquote></p><p>Here is the calculation of the Weighted Average Cost of Capital:</p><p><blockquote>以下是加权平均资本成本的计算：</blockquote></p><p><img src=\"https://static.tigerbbs.com/759163398701e54efd7cfabd11a0867d\" tg-width=\"480\" tg-height=\"374\" referrerpolicy=\"no-referrer\"><i>Source: Author</i></p><p><blockquote><i>来源：作者</i></blockquote></p><p>Some explanations:</p><p><blockquote>一些解释：</blockquote></p><p><ul><li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.6%).</li><li>I used the currentvalueof the three-year beta coefficient (0.92). For the terminal year, I used Beta equal to 1.</li><li>To calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.</li></ul>Here is the model itself:</p><p><blockquote><ul><li>为了计算市场回报率，我使用了equityriskpremium（4.72%）和UST10的当前收益率作为无风险利率（1.6%）。</li><li>我使用了三年贝塔系数的当前值（0.92）。在最后一年，我使用Beta等于1。</li><li>为了计算债务成本，我使用2019年和2020年的利息支出除以同年的债务价值。</li></ul>以下是模型本身：</blockquote></p><p><img src=\"https://static.tigerbbs.com/0df02bca01b3ef74d3b640d95eb00590\" tg-width=\"640\" tg-height=\"528\" referrerpolicy=\"no-referrer\">(In high resolution)</p><p><blockquote>（高分辨率）</blockquote></p><p><i>Source: Author</i></p><p><blockquote><i>来源：作者</i></blockquote></p><p><i>The DCF-based target price of Amazon's shares is $4,280, offering 29% upside.</i></p><p><blockquote><i>亚马逊股票基于DCF的目标价为4,280美元，上涨空间为29%。</i></blockquote></p><p>Final thoughts</p><p><blockquote>最后的想法</blockquote></p><p><ol><li>Amazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase. In a sense, this is a startup with $73 billion cash.</li><li>The fact that Amazon remains in the acceleration phase does not mean that its capitalization is constantly undervalued. But in this case, based on the patterns between the company's capitalization and the parameters of its revenue, we can conclude that the company is<b>undervalued</b>.</li><li>Comparing Amazon to other companies through the prism of expected EPS growth, it must be admitted that the company is<b>much cheaper</b>than the market.</li><li>DCF model based on average expectations analysts indicate a 30% undervaluation. At the start of the year, a similarmodelindicated a 20% undervaluation.</li><li>When you look at Amazon's revenue forecast for the next decade, you realize that the company will face growth problems. But in my opinion,<i>it is better to invest in a company facing growth problems than aging problems</i>.</li></ol></p><p><blockquote><ol><li>亚马逊是增长尚未达到极限，甚至还没有进入平台期的公司之一。从某种意义上说，这是一家拥有730亿美元现金的初创公司。</li><li>亚马逊仍处于加速阶段的事实并不意味着其市值不断被低估。但在这种情况下，根据公司的资本化和收入参数之间的模式，我们可以得出结论，公司是<b>被低估</b>.</li><li>通过预期每股收益增长的棱镜将亚马逊与其他公司进行比较，必须承认该公司是<b>便宜多了</b>比市场。</li><li>基于平均预期的DCF模型分析师表示低估了30%。今年年初，类似的模型显示估值被低估了20%。</li><li>当你看亚马逊未来十年的收入预测时，你会意识到该公司将面临增长问题。但在我看来，<i>投资一家面临增长问题的公司比投资老龄化问题的公司更好</i>.</li></ol></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4424794-amazon-clearly-undervalued-company\">Seeking alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4424794-amazon-clearly-undervalued-company","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157328258","content_text":"SummaryAmazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase.In terms of comparative valuation, AMZN is undervalued against the market.DCF-based Amazon stock price target suggests 30% upside potential. But I think this is not even a basic scenario, but a pessimistic scenario.I present my comprehensive Amazon (AMZN) analysis in light of the results of the last quarter.#1 Price vs. GrowthFirst of all, let's assess whether we can statistically state that Amazon's growth has accelerated or slowed down in the last quarter. To do this, let's compare the revenue growth trends of the key segments of the company with and without the results of the last four quarters.The dynamics of the 'Online Stores' segment showed a qualitative breakthrough. Without taking into account the last four quarters, a near-linear trend was observed here. Now, it has become exponential:Source: VisualizedAnalytics.comThe 'Third-Party Seller Services' segment - the exponential growth continues:Source: VisualizedAnalytics.comThe 'Subscription Services' (Amazon Prime) segment - here the acceleration remains, and the result of the last quarter was better than the trend:Source: VisualizedAnalytics.comThe 'Other' (advertising services) segment has also showed a significant acceleration:Source: VisualizedAnalytics.comThe growth trend of 'Amazon Web Services' has slowed down, but judging by the results of the last quarter, there is a gradual return to the previous trend:Source: VisualizedAnalytics.comGeographically, Amazon's revenue was also significantly better than the trend:Source: VisualizedAnalytics.comSo, statistically, not subjectively, we should recognize the acceleration of the company's growthin all key segments. In my opinion, this is exactly what is expected from Amazon.Further. Over the last 10 years, Amazon's capitalization has been in a qualitative linear relationship with its revenue:Source: VisualizedAnalytics.comThere is also a certain influence of the company's revenue growth rate on its multiples:Source: VisualizedAnalytics.comBased on these two relationships and taking into account the influence of the growth of theM2 money stockin the US, it is possible to build another model that allows us to determine the balanced level of the company's capitalization. In addition, this model allows to model the growth of the company's capitalization based on the current expectations of analysts regarding the company's revenue growth in the next four quarters. Here is this model:Source: VisualizedAnalytics.comAs you can see, firstly, this model indicates that the company's current price is alreadybelow the balanced level. And secondly, it assumes a25% growthin capitalization in the next four quarters.#2 Comparative ValuationIn the previous block, I modeled Amazon's balanced price based on revenue. What is remarkable is that if we apply the same approach to the comparative valuation of the company using multiples, we will fail. At least I have not been able to find a single revenue-based multiple that would make it possible to successfully compare Amazon to other companies. But the forward P/E (next FY) multiple adjusted by the expected EPS annual growth rate made it possible to find a suitable model:Source: VisualizedAnalytics.comAs you can see, judging by this multiple, Amazon is significantly undervalued.#3 Discounted Cash Flow ModelWhen predicting Amazon's revenue for the next decade, I proceeded from the average expectations ofanalysts:Source: Seeking Alpha ProWhen predicting the dynamics of Amazon's operating margin, I also proceeded from analysts'expectationsregarding the growth of the company's EPS, and taking into account the gradual increase in the tax rate to 25%. In my opinion, a gradual increase in the operating margin to 8% in the terminal year is a very realistic scenario.Here is the calculation of the Weighted Average Cost of Capital:Source: AuthorSome explanations:In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.6%).I used the currentvalueof the three-year beta coefficient (0.92). For the terminal year, I used Beta equal to 1.To calculate the Cost of Debt, I used the interest expense for 2019 and 2020 divided by the debt value for the same years.Here is the model itself:(In high resolution)Source: AuthorThe DCF-based target price of Amazon's shares is $4,280, offering 29% upside.Final thoughtsAmazon is one of the companies whose growth has not yet reached its limit and not even entered the plateau phase. In a sense, this is a startup with $73 billion cash.The fact that Amazon remains in the acceleration phase does not mean that its capitalization is constantly undervalued. But in this case, based on the patterns between the company's capitalization and the parameters of its revenue, we can conclude that the company isundervalued.Comparing Amazon to other companies through the prism of expected EPS growth, it must be admitted that the company ismuch cheaperthan the market.DCF model based on average expectations analysts indicate a 30% undervaluation. At the start of the year, a similarmodelindicated a 20% undervaluation.When you look at Amazon's revenue forecast for the next decade, you realize that the company will face growth problems. But in my opinion,it is better to invest in a company facing growth problems than aging problems.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362508648,"gmtCreate":1614646485384,"gmtModify":1703479267069,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560834065076807","idStr":"3560834065076807"},"themes":[],"htmlText":"Nice beat","listText":"Nice beat","text":"Nice beat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/362508648","repostId":"2116207550","repostType":2,"isVote":1,"tweetType":1,"viewCount":496,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384966598,"gmtCreate":1613607732914,"gmtModify":1634552983649,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560834065076807","idStr":"3560834065076807"},"themes":[],"htmlText":"Still going strong!&nbsp;","listText":"Still going strong!&nbsp;","text":"Still going strong!","images":[{"img":"https://static.tigerbbs.com/773235b0d37a1fe0a696c091b2401bb1","width":"1080","height":"2836"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/384966598","isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":381935577,"gmtCreate":1612919998999,"gmtModify":1703766923033,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560834065076807","idStr":"3560834065076807"},"themes":[],"htmlText":"Wow imagine if there is widespread adoption","listText":"Wow imagine if there is widespread adoption","text":"Wow imagine if there is widespread adoption","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/381935577","repostId":"2110059821","repostType":4,"isVote":1,"tweetType":1,"viewCount":569,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317070015,"gmtCreate":1612402164637,"gmtModify":1703761332428,"author":{"id":"3560834065076807","authorId":"3560834065076807","name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560834065076807","idStr":"3560834065076807"},"themes":[],"htmlText":"Good round-up/ checkpoint picture of current situation","listText":"Good round-up/ checkpoint picture of current situation","text":"Good round-up/ checkpoint picture of current situation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/317070015","repostId":"2108796281","repostType":2,"repost":{"id":"2108796281","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1612398679,"share":"https://www.laohu8.com/m/news/2108796281?lang=zh_CN&edition=full","pubTime":"2021-02-04 08:31","market":"us","language":"en","title":"GLOBAL MARKETS-Asian stocks ease as caution persists despite calmer markets<blockquote>全球市场——尽管市场平静，但谨慎情绪依然存在，亚洲股市走软</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2108796281","media":"Reuters","summary":"By Imani Moise   NEW YORK, Feb 3 (Reuters) - Asian stocks came under pressure on Thursday as a mixed","content":"<p><html><body>By Imani Moise</p><p><blockquote><html><body>伊玛尼·莫伊兹</body></html></blockquote></p><p>   NEW YORK, Feb 3 (Reuters) - Asian stocks came under pressure on Thursday as a mixed Wall Street session gave investors few immediate reasons to increase their risk positions following the recent social media-driven trading chaos.</p><p><blockquote>路透纽约2月3日-亚洲股市周四承压，在最近社交媒体引发的交易混乱之后，华尔街股市涨跌互现，投资者没有立即增加风险头寸的理由。</blockquote></p><p>   Markets have calmed significantly in the past few days with the Cboe Volatility index    down on Wednesday as wild swings in stock prices of GameStop    and other social media favorites subsided and the retail trading frenzy faded.</p><p><blockquote>过去几天，市场已显着平静，随着游戏驿站和其他社交媒体热门公司股价的剧烈波动消退以及散户交易狂潮消退，芝加哥期权交易所波动率指数周三下跌。</blockquote></p><p>   However, caution continues to dominate sentiment despite positive corporate earnings and firm signs of economic recovery.</p><p><blockquote>然而，尽管企业盈利积极且经济复苏迹象强劲，但谨慎情绪继续主导市场情绪。</blockquote></p><p>   The Australian S&amp;P/ASX 200 index    lost 0.34% during early trade and Japan's Nikkei 225    fell 0.35%. </p><p><blockquote>澳大利亚S&amp;P/ASX 200指数早盘下跌0.34%，日本日经225指数下跌0.35%。</blockquote></p><p>   The lackluster start to Asian trade followed a mixed Wall Street session with the Dow Jones Industrial Average    up 0.12%, the S&amp;P 500    gaining 0.10%, but the Nasdaq Composite    losing 0.02%.</p><p><blockquote>亚洲股市开局乏善可陈，道琼斯工业平均指数上涨0.12%，标普500上涨0.10%，但纳斯达克综合指数下跌0.02%。</blockquote></p><p>   Supporting U.S. sentiment were strong earnings by technology giants Alphabet Inc    and Amazon.com Inc.</p><p><blockquote>科技巨头Alphabet公司和亚马逊公司的强劲盈利支撑了美国市场情绪。</blockquote></p><p>   The Google parent company's beat sent shares soaring nearly 7% on Tuesday, but some analysts warned the move was too extreme.</p><p><blockquote>谷歌母公司的击败导致股价周二飙升近7%，但一些分析师警告称，此举过于极端。</blockquote></p><p>   \"After lagging its FAANG peers in 2020, shares of Alphabet are making up for lost time in 2021,\" said Paul Hickey of Bespoke Investment Group.</p><p><blockquote>Bespoke Investment Group的Paul Hickey表示：“在2020年落后于FAANG同行之后，Alphabet的股价正在弥补2021年失去的时间。”</blockquote></p><p>   \"You'd expect GOOGL to at least consolidate a bit before it's able to build on (year-to-date) gains.\"</p><p><blockquote>“你预计GOOGL至少会进行一些整合，然后才能巩固（年初至今）的收益。”</blockquote></p><p>   E-mini futures for the S&amp;P 500    inched 0.26% higher while Hong Kong's Hang Seng index futures     lost 0.16%.</p><p><blockquote>标普500 E-mini期货小幅上涨0.26%，而香港恒生指数期货下跌0.16%。</blockquote></p><p>   MSCI's gauge of stocks across the globe    gained 0.04%.</p><p><blockquote>MSCI全球股票指数上涨0.04%。</blockquote></p><p>   Oil markets continued to advance as inventories hit their lowest level since March. U.S. crude    recently rose 0.45% to $55.94 per barrel and Brent    was at $58.67, up 2.11% on the day.</p><p><blockquote>由于库存触及3月份以来的最低水平，石油市场继续上涨。美国原油近期上涨0.45%至55.94美元/桶，布伦特原油报58.67美元，当日上涨2.11%。</blockquote></p><p>   U.S. Treasury yields continued to rise on the hopes of a large stimulus package and the dollar strengthened against a basket of currencies as investors felt more confident in the U.S. recovery trajectory than in Europe's recovery. The benchmark 10-year yield    was last up 3.2 basis points at 1.1391%</p><p><blockquote>美国国债收益率因对大规模刺激计划的希望而继续上升，美元兑一篮子货币走强，因投资者对美国复苏轨迹比对欧洲复苏更有信心。基准10年期国债收益率最新上涨3.2个基点至1.1391%</blockquote></p><p>   The 30-year bond    was last up 4.9 basis point at 1.9267%, while the 20-year yield hit 1.735%, its highest level since that bond maturity was relaunched in May 2020.</p><p><blockquote>30年期债券最新上涨4.9个基点至1.9267%，而20年期债券收益率触及1.735%，为该债券期限于2020年5月重新推出以来的最高水平。</blockquote></p><p>   The dollar index    was up 0.07% at 91.145 in afternoon trading in New York after rising to a two-month high of 91.308 during the session.</p><p><blockquote>美元指数在纽约午盘上涨0.07%至91.145，盘中一度升至两个月高位91.308。</blockquote></p><p>   Spot gold    fell 0.2% to $1,833.93 per ounce and U.S. gold futures    settled up 0.1% at $1,835.10.</p><p><blockquote>现货黄金下跌0.2%至每盎司1,833.93美元，美国黄金期货收涨0.1%至1,835.10美元。</blockquote></p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Global assets     Global currencies vs. dollar      Emerging markets     MSCI All Country World Index Market Cap    </p><p><blockquote>全球资产全球货币对美元新兴市场MSCI所有国家世界指数市值</blockquote></p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p><p><blockquote>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</blockquote></p><p>(Reporting by Imani Moise; Editing by Sam Holmes)</p><p><blockquote>（伊玛尼·莫伊兹报道；萨姆·霍姆斯编辑）</blockquote></p><p>((Imani.Moise@thomsonreuters.com; +13322191733;))</p><p><blockquote>((Imani.Moise@thomsonreuters.com;+13322191733;))</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GLOBAL MARKETS-Asian stocks ease as caution persists despite calmer markets<blockquote>全球市场——尽管市场平静，但谨慎情绪依然存在，亚洲股市走软</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\">\nGLOBAL MARKETS-Asian stocks ease as caution persists despite calmer markets<blockquote>全球市场——尽管市场平静，但谨慎情绪依然存在，亚洲股市走软</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2021-02-04 08:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><body>By Imani Moise</p><p><blockquote><html><body>伊玛尼·莫伊兹</body></html></blockquote></p><p>   NEW YORK, Feb 3 (Reuters) - Asian stocks came under pressure on Thursday as a mixed Wall Street session gave investors few immediate reasons to increase their risk positions following the recent social media-driven trading chaos.</p><p><blockquote>路透纽约2月3日-亚洲股市周四承压，在最近社交媒体引发的交易混乱之后，华尔街股市涨跌互现，投资者没有立即增加风险头寸的理由。</blockquote></p><p>   Markets have calmed significantly in the past few days with the Cboe Volatility index    down on Wednesday as wild swings in stock prices of GameStop    and other social media favorites subsided and the retail trading frenzy faded.</p><p><blockquote>过去几天，市场已显着平静，随着游戏驿站和其他社交媒体热门公司股价的剧烈波动消退以及散户交易狂潮消退，芝加哥期权交易所波动率指数周三下跌。</blockquote></p><p>   However, caution continues to dominate sentiment despite positive corporate earnings and firm signs of economic recovery.</p><p><blockquote>然而，尽管企业盈利积极且经济复苏迹象强劲，但谨慎情绪继续主导市场情绪。</blockquote></p><p>   The Australian S&amp;P/ASX 200 index    lost 0.34% during early trade and Japan's Nikkei 225    fell 0.35%. </p><p><blockquote>澳大利亚S&amp;P/ASX 200指数早盘下跌0.34%，日本日经225指数下跌0.35%。</blockquote></p><p>   The lackluster start to Asian trade followed a mixed Wall Street session with the Dow Jones Industrial Average    up 0.12%, the S&amp;P 500    gaining 0.10%, but the Nasdaq Composite    losing 0.02%.</p><p><blockquote>亚洲股市开局乏善可陈，道琼斯工业平均指数上涨0.12%，标普500上涨0.10%，但纳斯达克综合指数下跌0.02%。</blockquote></p><p>   Supporting U.S. sentiment were strong earnings by technology giants Alphabet Inc    and Amazon.com Inc.</p><p><blockquote>科技巨头Alphabet公司和亚马逊公司的强劲盈利支撑了美国市场情绪。</blockquote></p><p>   The Google parent company's beat sent shares soaring nearly 7% on Tuesday, but some analysts warned the move was too extreme.</p><p><blockquote>谷歌母公司的击败导致股价周二飙升近7%，但一些分析师警告称，此举过于极端。</blockquote></p><p>   \"After lagging its FAANG peers in 2020, shares of Alphabet are making up for lost time in 2021,\" said Paul Hickey of Bespoke Investment Group.</p><p><blockquote>Bespoke Investment Group的Paul Hickey表示：“在2020年落后于FAANG同行之后，Alphabet的股价正在弥补2021年失去的时间。”</blockquote></p><p>   \"You'd expect GOOGL to at least consolidate a bit before it's able to build on (year-to-date) gains.\"</p><p><blockquote>“你预计GOOGL至少会进行一些整合，然后才能巩固（年初至今）的收益。”</blockquote></p><p>   E-mini futures for the S&amp;P 500    inched 0.26% higher while Hong Kong's Hang Seng index futures     lost 0.16%.</p><p><blockquote>标普500 E-mini期货小幅上涨0.26%，而香港恒生指数期货下跌0.16%。</blockquote></p><p>   MSCI's gauge of stocks across the globe    gained 0.04%.</p><p><blockquote>MSCI全球股票指数上涨0.04%。</blockquote></p><p>   Oil markets continued to advance as inventories hit their lowest level since March. U.S. crude    recently rose 0.45% to $55.94 per barrel and Brent    was at $58.67, up 2.11% on the day.</p><p><blockquote>由于库存触及3月份以来的最低水平，石油市场继续上涨。美国原油近期上涨0.45%至55.94美元/桶，布伦特原油报58.67美元，当日上涨2.11%。</blockquote></p><p>   U.S. Treasury yields continued to rise on the hopes of a large stimulus package and the dollar strengthened against a basket of currencies as investors felt more confident in the U.S. recovery trajectory than in Europe's recovery. The benchmark 10-year yield    was last up 3.2 basis points at 1.1391%</p><p><blockquote>美国国债收益率因对大规模刺激计划的希望而继续上升，美元兑一篮子货币走强，因投资者对美国复苏轨迹比对欧洲复苏更有信心。基准10年期国债收益率最新上涨3.2个基点至1.1391%</blockquote></p><p>   The 30-year bond    was last up 4.9 basis point at 1.9267%, while the 20-year yield hit 1.735%, its highest level since that bond maturity was relaunched in May 2020.</p><p><blockquote>30年期债券最新上涨4.9个基点至1.9267%，而20年期债券收益率触及1.735%，为该债券期限于2020年5月重新推出以来的最高水平。</blockquote></p><p>   The dollar index    was up 0.07% at 91.145 in afternoon trading in New York after rising to a two-month high of 91.308 during the session.</p><p><blockquote>美元指数在纽约午盘上涨0.07%至91.145，盘中一度升至两个月高位91.308。</blockquote></p><p>   Spot gold    fell 0.2% to $1,833.93 per ounce and U.S. gold futures    settled up 0.1% at $1,835.10.</p><p><blockquote>现货黄金下跌0.2%至每盎司1,833.93美元，美国黄金期货收涨0.1%至1,835.10美元。</blockquote></p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Global assets     Global currencies vs. dollar      Emerging markets     MSCI All Country World Index Market Cap    </p><p><blockquote>全球资产全球货币对美元新兴市场MSCI所有国家世界指数市值</blockquote></p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p><p><blockquote>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</blockquote></p><p>(Reporting by Imani Moise; Editing by Sam Holmes)</p><p><blockquote>（伊玛尼·莫伊兹报道；萨姆·霍姆斯编辑）</blockquote></p><p>((Imani.Moise@thomsonreuters.com; +13322191733;))</p><p><blockquote>((Imani.Moise@thomsonreuters.com;+13322191733;))</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF","DJX":"1/100道琼斯","IAU":"黄金信托ETF-iShares","03086":"华夏纳指","DUST":"二倍做空黄金矿业指数ETF-Direxion","QNETCN":"纳斯达克中美互联网老虎指数","USO":"美国原油ETF","GDX":"黄金矿业ETF-VanEck","FXB":"英镑ETF-CurrencyShares","UDOW":"三倍做多道指30ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","SQQQ":"纳指三倍做空ETF",".IXIC":"NASDAQ Composite","NUGT":"二倍做多黄金矿业指数ETF-Direxion",".DJI":"道琼斯","DDM":"2倍做多道指ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","UCO":"二倍做多彭博原油ETF","DWT":"三倍做空原油ETN","SCO":"二倍做空彭博原油指数ETF","GLD":"黄金ETF-SPDR","EUO":"欧元ETF-ProShares两倍做空",".SPX":"S&P 500 Index","YCS":"日元ETF-ProShares两倍做空","DOG":"道指ETF-ProShares做空","FXE":"欧元做多ETF-CurrencyShares","PSQ":"做空纳斯达克100指数ETF-ProShares","DDG":"ProShares做空石油与天然气ETF","QQQ":"纳指100ETF","TQQQ":"纳指三倍做多ETF","FXY":"日元ETF-CurrencyShares","09086":"华夏纳指-U","SDOW":"三倍做空道指30ETF-ProShares","DUG":"二倍做空石油与天然气ETF(ProShares)","QLD":"2倍做多纳斯达克100指数ETF-ProShares"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2108796281","content_text":"By Imani Moise   NEW YORK, Feb 3 (Reuters) - Asian stocks came under pressure on Thursday as a mixed Wall Street session gave investors few immediate reasons to increase their risk positions following the recent social media-driven trading chaos.   Markets have calmed significantly in the past few days with the Cboe Volatility index    down on Wednesday as wild swings in stock prices of GameStop    and other social media favorites subsided and the retail trading frenzy faded.   However, caution continues to dominate sentiment despite positive corporate earnings and firm signs of economic recovery.   The Australian S&P/ASX 200 index    lost 0.34% during early trade and Japan's Nikkei 225    fell 0.35%.    The lackluster start to Asian trade followed a mixed Wall Street session with the Dow Jones Industrial Average    up 0.12%, the S&P 500    gaining 0.10%, but the Nasdaq Composite    losing 0.02%.   Supporting U.S. sentiment were strong earnings by technology giants Alphabet Inc    and Amazon.com Inc.   The Google parent company's beat sent shares soaring nearly 7% on Tuesday, but some analysts warned the move was too extreme.   \"After lagging its FAANG peers in 2020, shares of Alphabet are making up for lost time in 2021,\" said Paul Hickey of Bespoke Investment Group.   \"You'd expect GOOGL to at least consolidate a bit before it's able to build on (year-to-date) gains.\"   E-mini futures for the S&P 500    inched 0.26% higher while Hong Kong's Hang Seng index futures     lost 0.16%.   MSCI's gauge of stocks across the globe    gained 0.04%.   Oil markets continued to advance as inventories hit their lowest level since March. U.S. crude    recently rose 0.45% to $55.94 per barrel and Brent    was at $58.67, up 2.11% on the day.   U.S. Treasury yields continued to rise on the hopes of a large stimulus package and the dollar strengthened against a basket of currencies as investors felt more confident in the U.S. recovery trajectory than in Europe's recovery. The benchmark 10-year yield    was last up 3.2 basis points at 1.1391%   The 30-year bond    was last up 4.9 basis point at 1.9267%, while the 20-year yield hit 1.735%, its highest level since that bond maturity was relaunched in May 2020.   The dollar index    was up 0.07% at 91.145 in afternoon trading in New York after rising to a two-month high of 91.308 during the session.   Spot gold    fell 0.2% to $1,833.93 per ounce and U.S. gold futures    settled up 0.1% at $1,835.10.    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Global assets     Global currencies vs. dollar      Emerging markets     MSCI All Country World Index Market Cap       ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>(Reporting by Imani Moise; Editing by Sam Holmes)((Imani.Moise@thomsonreuters.com; 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