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2021-06-17

Well done

Wish Stock: Patient Investors Could Soon See $20 Again<blockquote>Wish 股票：耐心的投资者可能很快就会再次看到 20 美元</blockquote>

2021-06-16

Good news

抱歉，原内容已删除

2021-05-11

Good news

抱歉，原内容已删除

2021-05-11

Thats great news

Sea fell about 7% in morning trading Monday<blockquote>Sea 周一早盘交易中下跌约 7%</blockquote>

2021-04-27

Good job!

What to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一第一季度收益报告有何期待</blockquote>

2021-04-25

Thats nice//@Zacong: Cool

Apple’s business is roaring, and investors are about to find out how much of that cash is coming their way<blockquote>苹果的生意蒸蒸日上，投资者们即将知道有多少现金会流向他们</blockquote>

2021-04-25

Cool

Apple’s business is roaring, and investors are about to find out how much of that cash is coming their way<blockquote>苹果的生意蒸蒸日上，投资者们即将知道有多少现金会流向他们</blockquote>

2021-04-24

Cool

抱歉，原内容已删除

2021-04-22

Liked

Intel Reports Earnings Thursday. Here’s What to Know.<blockquote>英特尔周四公布财报。以下是需要了解的信息。</blockquote>

2021-04-22

Good read

抱歉，原内容已删除

2021-04-22

Yes its good

3 EV Stocks That Are At Important Support Levels And Could Rebound<blockquote>3只处于重要支撑位并可能反弹的电动汽车股票</blockquote>

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done","listText":"Well done","text":"Well done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163592799","repostId":"1148768572","repostType":2,"repost":{"id":"1148768572","kind":"news","pubTimestamp":1623822306,"share":"https://www.laohunote.com/m/news/1148768572?lang=zh_CN&edition=full","pubTime":"2021-06-16 13:45","market":"us","language":"en","title":"Wish Stock: Patient Investors Could Soon See $20 Again<blockquote>Wish 股票：耐心的投资者可能很快就会再次看到 20 美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148768572","media":"seekingalpha","summary":"Summary\n\nWish (ContextLogic) remains one of the most underappreciated assets within e-commerce tradi","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Wish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.</li>  <li>Wish's latest partnership with PrestaShop will further accelerate international expansion and growth initiatives.</li>  <li>While accurate data regarding its short interest is difficult to find as most of its float is still locked up, I estimate a short interest between 30-40%.</li>  <li>I believe bear arguments including high marketing spend and stalling user numbers are already baked in the current share price.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/983667978a1675a8b256d7b0478a876c\" tg-width=\"1536\" tg-height=\"934\" referrerpolicy=\"no-referrer\"><span>JuSun/iStock via Getty Images</span></p><p><blockquote><ul><li>Wish (ContextLogic) 仍然是电子商务交易中最被低估的资产之一，远期销售额仅为 1.3 倍。</li><li>Wish与PrestaShop的最新合作伙伴关系将进一步加速国际扩张和增长计划。</li><li>虽然由于其大部分流通量仍被锁定，因此很难找到有关其空头权益的准确数据，但我估计空头权益在 30-40% 之间。</li><li>我认为，包括高营销支出和停滞不前的用户数量在内的熊市论点已经在当前的股价中形成。</li></ul><p class=\"t-img-caption\"><span>JuSun/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>Overview</b></p><p><blockquote><b>概述</b></blockquote></p><p> ContextLogic (WISH) has been a wild ride for shareholders, as high volatility continues to cause significant price movements in recent weeks. The e-commerce platform initially went public in December at $20 per share before surging to an all-time high of $32 in February due to a momentum-driven rally. That said, shares have steadily plunged ever since, hitting an all-time low of just $7 in June, but are now recovering swiftly after increased interest from the retail trading sector. Here, the stock is favored due to its high volatility, short interest, and enormous upside potential.</p><p><blockquote>ContextLogic (WISH) 对股东来说是一次疯狂的旅程，因为最近几周高波动性继续导致价格大幅波动。该电子商务平台最初于 12 月以每股 20 美元的价格上市，但由于势头驱动的反弹，2 月份股价飙升至 32 美元的历史新高。尽管如此，此后股价一直在稳步暴跌，6 月份触及 7 美元的历史低点，但在零售交易行业兴趣增加后，股价现在正在迅速复苏。在这里，该股因其高波动性、短期利息和巨大的上涨潜力而受到青睐。</blockquote></p><p> In this context, I believe that the high short interest has increasingly pushed shares below fair value and that patient investors could soon see $20 or more again as the company is working through logistic challenges and will soon return to economies of scale. In this regard, the e-commerce platform has a unique value proposition and is well-positioned to gain market share in a $6 trillion e-commerce industry.</p><p><blockquote>在这种背景下，我认为高空头利息越来越多地将股价推至公允价值以下，耐心的投资者可能很快就会再次看到 20 美元或更高，因为该公司正在克服物流挑战，并将很快恢复规模经济。在这方面，电子商务平台具有独特的价值主张，并处于有利地位，可以在6万亿美元的电子商务行业中获得市场份额。</blockquote></p><p> <b>The Digital Dollar Tree</b></p><p><blockquote><b>数字美元树</b></blockquote></p><p> Wish has been criticized heavily as an e-commerce platform, and I would almost argue that its image of being a third-party 'dropshipping' site for Chinese merchants has kept investors away from the stock so far. However, this may only be partially true. Essentially, Wish has inverted Amazon's(NASDAQ:AMZN)business model through low-priced (low-quality) products and sluggish delivery times that may lead to week-long delivery times. This is because Wish does not handle shipping itself, which is why it can offer these ultra-low prices of offering a hoodie for $2 plus $2 shipping.</p><p><blockquote>Wish 作为一个电子商务平台受到了严厉批评，我几乎可以说，迄今为止，它作为中国商家第三方“直运”网站的形象让投资者远离了该股票。然而，这可能只是部分正确。从本质上讲，Wish 通过低价（低质量）产品和可能导致长达数周的缓慢交货时间颠覆了亚马逊（纳斯达克股票代码：AMZN）的商业模式。这是因为Wish不处理运输本身，这就是为什么它可以提供这些超低的价格，以2美元加2美元的运费提供一件连帽衫。</blockquote></p><p> Frankly, Wish is still dependent on Chinese merchants, accounting for most of its product catalogs. This is unsurprising, considering that most goods are produced in China as the production costs are among the lowest in the world. Most of the goods being sold on Amazon or eBay(NASDAQ:EBAY)were also produced in China, although they earn a higher perception due to one-day delivery shipping programs or higher prices.</p><p><blockquote>坦率地说，Wish仍然依赖中国商家，占其产品目录的大部分。考虑到大多数商品都是在中国生产的，因为生产成本是世界上最低的之一，这并不奇怪。亚马逊或 eBay（纳斯达克股票代码：eBay）上销售的大多数商品也是在中国生产的，尽管由于一日送达运输计划或更高的价格，它们获得了更高的知名度。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2bea733440e86851af57559c6a5fd6bd\" tg-width=\"640\" tg-height=\"363\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Now, I view Wish as the digital dollar tree, where online shoppers discover items that they want, not need. In the process, customers have more patience for products and are willing to wait longer for them to arrive. Wish is working towards addressing both of these issues (quality and merchant diversification) as its platform is gaining popularity. Here, it has been investing in logistics to offer quicker delivery, demonstrated by a 275% YoY increase in logistics revenue. Since these revenues provide low margins, its overall gross margins have decreased in accordance. However, once it achieves economies of scale in the segment, margin growth should reverse and trail back towards 70%.</p><p><blockquote>现在，我把Wish看作是数字美元树，网上购物者可以在这里发现他们想要的而不是需要的商品。在这个过程中，客户对产品有了更多的耐心，愿意等待更长时间才能到货。随着其平台越来越受欢迎，Wish正在努力解决这两个问题（质量和商家多元化）。在这里，它一直在投资物流以提供更快的交付速度，物流收入同比增长 275% 就证明了这一点。由于这些收入提供的利润率较低，其整体毛利率也相应下降。然而，一旦该领域实现规模经济，利润率增长应该会逆转并回落至 70%。</blockquote></p><p> It is also addressing the second issue by continuously growing its international merchant base. Here, U.S. merchants increased by over 400% YoY, and a similar trend is to be seen in other countries. Moreover, it is growing Wish Local, a service connecting local businesses to the platform, accounting for 7% of all Wish orders. Wish local is mostly (or exclusively) available in the United States and thus increasingly mixes with other products on the website.</p><p><blockquote>它还通过不断扩大其国际商户基础来解决第二个问题。在这里，美国商家同比增长超过400%，其他国家也有类似的趋势。此外，它正在发展Wish Local，这是一项将本地企业连接到平台的服务，占所有Wish订单的7%。Wish local主要（或只）在美国有售，因此越来越多地与网站上的其他产品混合使用。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09eb88453d075db6b7b8edd21f981b4a\" tg-width=\"640\" tg-height=\"381\"><span>Source: Sensor Tower</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：传感器塔</span></p></blockquote></p><p> I also like Wish's strategy to engage and retain users by utilizing an AI matching system that optimizes platform growth, user experience, and merchant return on investment. The strategy to create an interactive mobile shopping experience appears to be working well: Impressively, Wish gets over500,000reviews per day from users, surpassing even Amazon and other shopping sites in this regard, demonstrating just about how engaging the platform is. Around 80% of first-time shoppersreturnto buy again.</p><p><blockquote>我也喜欢Wish通过利用人工智能匹配系统来吸引和留住用户的策略，该系统优化了平台增长、用户体验和商家投资回报。创建交互式移动购物体验的策略似乎运行良好：令人印象深刻的是，Wish每天从用户那里获得超过50万条评论，在这方面甚至超过了亚马逊和其他购物网站，这表明了该平台的吸引力。大约80%的首次购物者会再次购买。</blockquote></p><p></p><p> Wish is, therefore, able to establish itself in the highly competitive E-commerce market that offers a tremendous runway for growth. Currently, around 40% of the E-commerce market share is owned just by Amazon. Compared to Amazon, its TAM may be limited as it concentrates on its lower-income niche, which is how it became popular in the first place. Still, this represents a +$3 trillion market opportunity for Wish to tap into. It is also worth noting that according toreports, Amazon tried to acquire Wish for $10 billion, yet Wish rejected, believing growing the business to $100 billion in annual sales, at which point it would be valued significantly higher.</p><p><blockquote>因此，Wish能够在竞争激烈的电子商务市场中立足，为增长提供了巨大的跑道。目前，约40%的电子商务市场份额仅由亚马逊拥有。与亚马逊相比，其 TAM 可能有限，因为它专注于低收入市场，这也是它最初流行的原因。尽管如此，这仍然代表着 Wish 可以利用的价值 3 万亿美元的市场机会。还值得注意的是，据toreports报道，亚马逊试图以100亿美元收购Wish，但Wish拒绝了，认为将业务年销售额增长到1000亿美元，届时其估值将明显更高。</blockquote></p><p> <b>Negative Sentiment Baked In</b></p><p><blockquote><b>负面情绪持续存在</b></blockquote></p><p> Wish's first two quarters have been slightly disappointing. While the company handily beat revenue estimates, the company burned through over $300 million in cash in order to invest in logistics. More importantly, however, is the fact that MAUs have dropped steadily, which the company blames on de-de-emphasizing advertising and customer acquisition as the company worked through logistics challenges it faced earlier in the year.</p><p><blockquote>Wish 的前两个季度有点令人失望。虽然该公司轻松超出了收入预期，但为了投资物流，该公司烧掉了超过 3 亿美元的现金。然而，更重要的是，MAU 稳步下降，该公司将此归咎于公司在应对今年早些时候面临的物流挑战时不再强调广告和客户获取。</blockquote></p><p> <table>  <tbody>   <tr>    <td>Year</td>    <td>2020</td>    <td>2019</td>    <td>2018</td>   </tr>   <tr>    <td>Revenue</td>    <td>$2.54B</td>    <td>$1.9B</td>    <td>$1.73B</td>   </tr>   <tr>    <td>Gross Profit</td>    <td>$1.59B</td>    <td>$1.46B</td>    <td>$1.45B</td>   </tr>   <tr>    <td><b>Sales and Marketing</b></td>    <td><b>$1.71B (+17%)</b></td>    <td><b>$1.46B (-7%)</b></td>    <td><b>$1.57B</b></td>   </tr>   <tr>    <td>MAUs</td>    <td>107M (+19%)</td>    <td>90M (+10%)</p><p><blockquote><table><tbody><tr><td>年</td><td>2020</td><td>2019</td><td>2018</td></tr><tr><td>收入</td><td>$254B</td><td>19亿美元</td><td>17.3亿美元</td></tr><tr><td>毛利</td><td>15.9亿美元</td><td>14.6亿美元</td><td>14.5亿美元</td></tr><tr><td><b>销售及市场推广</b></td><td><b>17.1亿美元（+17%）</b></td><td><b>14.6亿美元（-7%）</b></td><td><b>$15.7B</b></td></tr><tr><td>老鼠</td><td>1.07亿（+19%）</td><td>90米（+10%）</td></tr></tbody></table></blockquote></p><p></td>    <td>82M</td>   </tr>   <tr>    <td><b>Active Buyers</b></td>    <td><b>64M (+3%)</b></td>    <td><b>62M (-3%)</b></td>    <td><b>64M</b></td>   </tr>  </tbody> </table> *Growth (Year-over-Year)</p><p><blockquote><td>82米</td><tr><td><b>活跃买家</b></td><td><b>6400万（+3%）</b></td><td><b>6200万（-3%）</b></td><td><b>64米</b></td></tr>*增长（同比）</blockquote></p><p> The largest bear argument against Wish is its high marketing expenses, which account for 60% of its total revenues and over 100% of its gross profits. This is totally fine unless it grows its active buyers through marketing, which unfortunately has not been the case. This is a red flag and questions the long-term sustainability of Wish's business model. However, the company has been close to being cash flow positive, and it stated it already would be profitable if it weren't for its extensive marketing expense. That said, as long as Wish acquires new MAUs and increases value through logistic services, its marketing expenses pay off in the long run. Moreover, as a percentage of total revenues, Wish's marketing expenses have dropped to 60%, down from 67% in the year prior.</p><p><blockquote>反对 Wish 的最大理由是其高昂的营销费用，占其总收入的 60%，毛利润的 100% 以上。这完全没问题，除非它通过营销来增加活跃买家，但不幸的是，情况并非如此。这是一个危险信号，令人质疑 Wish 商业模式的长期可持续性。然而，该公司的现金流已接近正，并表示如果不是因为大量的营销费用，它已经实现了盈利。也就是说，只要Wish获得新的MAU并通过物流服务增加价值，从长远来看，其营销费用就会得到回报。此外，Wish 的营销费用占总收入的比例已从上一年的 67% 降至 60%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e18c23728274ee708d896923820b282\" tg-width=\"635\" tg-height=\"278\"><span>Source: Wish IR</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Wish IR</span></p></blockquote></p><p> In terms of the outlook, this is what the company is essentially stressing. It believes marketing expenses can decrease to 40-45%, leading to EBITDA margins of 25% at the midpoint range. If it achieves these ambitious goals (which is very well possible), its profitability margins would be similar to those of eBay or MercadoLibre(NASDAQ:MELI). In either way, Wish's business model is not perfect, but all these concerns are more than baked in its current valuation, IMO (In My Opinion).</p><p><blockquote>就前景而言，这是该公司本质上强调的。它认为营销费用可以降至 40-45%，从而使 EBITDA 利润率在中点范围内达到 25%。如果它实现这些雄心勃勃的目标（这是很有可能的），其利润率将与 eBay 或 MercadoLibre（纳斯达克股票代码：MELI）相似。无论哪种方式，Wish 的商业模式都并不完美，但在我看来，所有这些担忧都不仅仅体现在其当前的估值中。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54029f94c37f301d26e93a11636280e7\" tg-width=\"635\" tg-height=\"470\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来源：YCharts</span></p></blockquote></p><p> Even after the latest +50% rise, shares are still trailing far behind peers such as Poshmark(NASDAQ:POSH), eBay, Amazon, and (Shopify(NYSE:SHOP)). At over $3 billion estimated revenues, Wish is trading at just 1.8x Price to Sales, just half of eBay's current valuation and much lower than Poshmark. Current estimates are calling for over $6 billion in revenues by 2025 and $1 billion in free cash flow, meaning that Wish trades at just 7x free cash flow estimates, or 1 times sales. In early 2021, its P/S ratio stood closer to 5x, so there is potential for a valuation expansion.</p><p><blockquote>即使在最近一次上涨 +50% 之后，股价仍然远远落后于 Poshmark（纳斯达克股票代码：POSH）、eBay、亚马逊和 (Shopify（纽约证券交易所股票代码：SHOP）) 等同行。Wish 的预计收入超过 30 亿美元，其市销率仅为 1.8 倍，仅为 eBay 当前估值的一半，远低于 Poshmark。目前的估计是，到 2025 年，收入将超过 60 亿美元，自由现金流将达到 10 亿美元，这意味着 Wish 的交易价格仅为自由现金流估计的 7 倍，即销售额的 1 倍。2021年初，其市盈率接近5倍，因此存在估值扩张的潜力。</blockquote></p><p> <b>What about the Lawsuits?</b></p><p><blockquote><b>诉讼呢？</b></blockquote></p><p> Perhaps you've seen the news (especially on Yahoo Finance) regarding the class actionlawsuits. These lawsuits are extensively posted to remind investors of recovering incurred losses after its share price dropped in recent months. Such lawsuits are not unusual when stocks drop sharply in a short period of time and are likely of no concern to investors. These lawsuits have also included companies such asCloverHealth(NASDAQ:CLOV), Skillz(NYSE:SKLZ), Array Technologies(NASDAQ:ARRY), etc.</p><p><blockquote>也许你已经看过关于集体诉讼的新闻（尤其是在雅虎财经上）。这些诉讼被广泛发布，以提醒投资者在近几个月股价下跌后挽回遭受的损失。当股票在短时间内大幅下跌时，此类诉讼并不罕见，投资者可能不会担心。这些诉讼还包括 CloverHealth（纳斯达克股票代码：CLOV）、Skillz（纽约证券交易所股票代码：SKLZ）、Array Technologies（纳斯达克股票代码：ARRY）等公司。</blockquote></p><p> Short Interest - Still High</p><p><blockquote>空头利息 - 仍然很高</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/875b3fdaf74f1ef639b51d77a3aac01f\" tg-width=\"640\" tg-height=\"360\"><span>Source: Fintel</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Fintel</span></p></blockquote></p><p></p><p> Wish has gained significant attraction from retail investors, as investors were looking for the next big short squeeze. Since most of Wish's shares have still been locked up, its exact short ratio was difficult to estimate. According to Seeking Alpha, the current short ratio stands at just 7%, but the figure is likely higher. Last week, its short interest as a percent of its equity float stood at roughly 48%, according to Bloomberg Terminal data. Other sources such as Fintel pin the current short volume at 20-30%. Now, it's difficult to give an exact estimate, but generally speaking, it's probably somewhere within this range, and many short calls are still to be covered. In the long term, the high-short interest could be an advantage, leading to a quicker acceleration if the stock begins trending upwards.</p><p><blockquote>Wish 获得了散户投资者的巨大吸引力，因为投资者正在寻找下一次大规模的空头挤压。由于Wish的大部分股票仍被锁定，其确切的空头比率很难估计。根据Seeking Alpha的数据，目前的空头比率仅为7%，但这个数字可能会更高。根据彭博终端数据，上周其空头权益占其股本流通量的百分比约为 48%。Fintel 等其他来源将当前空头交易量固定在 20-30%。现在，很难给出一个准确的估计，但总的来说，大概在这个范围内的某个地方，很多空头评级还有待覆盖。从长远来看，高空头利息可能是一个优势，如果股票开始上涨，就会导致更快的加速。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> I believe that Wish remains one of the most underappreciated assets within e-commerce, boasting over 100 million monthly users on its platform and connecting thousands of merchants from all over the world. The mobile shopping app continues to be one of the top downloaded shopping apps in the space and has a unique value proposition, which is smarter than it appears at first sight. Moreover, its latestpartnershipwith PrestaShop will give over 300,000 merchants free access to a direct integration that connects them directly to Wish's merchant dashboard, further driving growth. While there are risks to Wish's imperfect business model, such as lagging profitability, patient investors could be rewarded mightily.</p><p><blockquote>我相信Wish仍然是电子商务中最被低估的资产之一，其平台上每月拥有超过1亿用户，并连接了来自世界各地的数千家商家。移动购物应用程序仍然是该领域下载量最高的购物应用程序之一，并具有独特的价值主张，这比乍一看更智能。此外，其与 PrestaShop 的最新合作伙伴关系将使超过 300,000 家商家免费获得直接集成，将他们直接连接到 Wish 的商家仪表板，从而进一步推动增长。虽然 Wish 不完善的商业模式存在风险，例如盈利能力滞后，但耐心的投资者可能会获得丰厚的回报。</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>Wish Stock: Patient Investors Could Soon See $20 Again<blockquote>Wish 股票：耐心的投资者可能很快就会再次看到 20 美元</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\">\nWish Stock: Patient Investors Could Soon See $20 Again<blockquote>Wish 股票：耐心的投资者可能很快就会再次看到 20 美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-16 13:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Wish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.</li>  <li>Wish's latest partnership with PrestaShop will further accelerate international expansion and growth initiatives.</li>  <li>While accurate data regarding its short interest is difficult to find as most of its float is still locked up, I estimate a short interest between 30-40%.</li>  <li>I believe bear arguments including high marketing spend and stalling user numbers are already baked in the current share price.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/983667978a1675a8b256d7b0478a876c\" tg-width=\"1536\" tg-height=\"934\" referrerpolicy=\"no-referrer\"><span>JuSun/iStock via Getty Images</span></p><p><blockquote><ul><li>Wish (ContextLogic) 仍然是电子商务交易中最被低估的资产之一，远期销售额仅为 1.3 倍。</li><li>Wish与PrestaShop的最新合作伙伴关系将进一步加速国际扩张和增长计划。</li><li>虽然由于其大部分流通量仍被锁定，因此很难找到有关其空头权益的准确数据，但我估计空头权益在 30-40% 之间。</li><li>我认为，包括高营销支出和停滞不前的用户数量在内的熊市论点已经在当前的股价中形成。</li></ul><p class=\"t-img-caption\"><span>JuSun/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>Overview</b></p><p><blockquote><b>概述</b></blockquote></p><p> ContextLogic (WISH) has been a wild ride for shareholders, as high volatility continues to cause significant price movements in recent weeks. The e-commerce platform initially went public in December at $20 per share before surging to an all-time high of $32 in February due to a momentum-driven rally. That said, shares have steadily plunged ever since, hitting an all-time low of just $7 in June, but are now recovering swiftly after increased interest from the retail trading sector. Here, the stock is favored due to its high volatility, short interest, and enormous upside potential.</p><p><blockquote>ContextLogic (WISH) 对股东来说是一次疯狂的旅程，因为最近几周高波动性继续导致价格大幅波动。该电子商务平台最初于 12 月以每股 20 美元的价格上市，但由于势头驱动的反弹，2 月份股价飙升至 32 美元的历史新高。尽管如此，此后股价一直在稳步暴跌，6 月份触及 7 美元的历史低点，但在零售交易行业兴趣增加后，股价现在正在迅速复苏。在这里，该股因其高波动性、短期利息和巨大的上涨潜力而受到青睐。</blockquote></p><p> In this context, I believe that the high short interest has increasingly pushed shares below fair value and that patient investors could soon see $20 or more again as the company is working through logistic challenges and will soon return to economies of scale. In this regard, the e-commerce platform has a unique value proposition and is well-positioned to gain market share in a $6 trillion e-commerce industry.</p><p><blockquote>在这种背景下，我认为高空头利息越来越多地将股价推至公允价值以下，耐心的投资者可能很快就会再次看到 20 美元或更高，因为该公司正在克服物流挑战，并将很快恢复规模经济。在这方面，电子商务平台具有独特的价值主张，并处于有利地位，可以在6万亿美元的电子商务行业中获得市场份额。</blockquote></p><p> <b>The Digital Dollar Tree</b></p><p><blockquote><b>数字美元树</b></blockquote></p><p> Wish has been criticized heavily as an e-commerce platform, and I would almost argue that its image of being a third-party 'dropshipping' site for Chinese merchants has kept investors away from the stock so far. However, this may only be partially true. Essentially, Wish has inverted Amazon's(NASDAQ:AMZN)business model through low-priced (low-quality) products and sluggish delivery times that may lead to week-long delivery times. This is because Wish does not handle shipping itself, which is why it can offer these ultra-low prices of offering a hoodie for $2 plus $2 shipping.</p><p><blockquote>Wish 作为一个电子商务平台受到了严厉批评，我几乎可以说，迄今为止，它作为中国商家第三方“直运”网站的形象让投资者远离了该股票。然而，这可能只是部分正确。从本质上讲，Wish 通过低价（低质量）产品和可能导致长达数周的缓慢交货时间颠覆了亚马逊（纳斯达克股票代码：AMZN）的商业模式。这是因为Wish不处理运输本身，这就是为什么它可以提供这些超低的价格，以2美元加2美元的运费提供一件连帽衫。</blockquote></p><p> Frankly, Wish is still dependent on Chinese merchants, accounting for most of its product catalogs. This is unsurprising, considering that most goods are produced in China as the production costs are among the lowest in the world. Most of the goods being sold on Amazon or eBay(NASDAQ:EBAY)were also produced in China, although they earn a higher perception due to one-day delivery shipping programs or higher prices.</p><p><blockquote>坦率地说，Wish仍然依赖中国商家，占其产品目录的大部分。考虑到大多数商品都是在中国生产的，因为生产成本是世界上最低的之一，这并不奇怪。亚马逊或 eBay（纳斯达克股票代码：eBay）上销售的大多数商品也是在中国生产的，尽管由于一日送达运输计划或更高的价格，它们获得了更高的知名度。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2bea733440e86851af57559c6a5fd6bd\" tg-width=\"640\" tg-height=\"363\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Now, I view Wish as the digital dollar tree, where online shoppers discover items that they want, not need. In the process, customers have more patience for products and are willing to wait longer for them to arrive. Wish is working towards addressing both of these issues (quality and merchant diversification) as its platform is gaining popularity. Here, it has been investing in logistics to offer quicker delivery, demonstrated by a 275% YoY increase in logistics revenue. Since these revenues provide low margins, its overall gross margins have decreased in accordance. However, once it achieves economies of scale in the segment, margin growth should reverse and trail back towards 70%.</p><p><blockquote>现在，我把Wish看作是数字美元树，网上购物者可以在这里发现他们想要的而不是需要的商品。在这个过程中，客户对产品有了更多的耐心，愿意等待更长时间才能到货。随着其平台越来越受欢迎，Wish正在努力解决这两个问题（质量和商家多元化）。在这里，它一直在投资物流以提供更快的交付速度，物流收入同比增长 275% 就证明了这一点。由于这些收入提供的利润率较低，其整体毛利率也相应下降。然而，一旦该领域实现规模经济，利润率增长应该会逆转并回落至 70%。</blockquote></p><p> It is also addressing the second issue by continuously growing its international merchant base. Here, U.S. merchants increased by over 400% YoY, and a similar trend is to be seen in other countries. Moreover, it is growing Wish Local, a service connecting local businesses to the platform, accounting for 7% of all Wish orders. Wish local is mostly (or exclusively) available in the United States and thus increasingly mixes with other products on the website.</p><p><blockquote>它还通过不断扩大其国际商户基础来解决第二个问题。在这里，美国商家同比增长超过400%，其他国家也有类似的趋势。此外，它正在发展Wish Local，这是一项将本地企业连接到平台的服务，占所有Wish订单的7%。Wish local主要（或只）在美国有售，因此越来越多地与网站上的其他产品混合使用。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09eb88453d075db6b7b8edd21f981b4a\" tg-width=\"640\" tg-height=\"381\"><span>Source: Sensor Tower</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：传感器塔</span></p></blockquote></p><p> I also like Wish's strategy to engage and retain users by utilizing an AI matching system that optimizes platform growth, user experience, and merchant return on investment. The strategy to create an interactive mobile shopping experience appears to be working well: Impressively, Wish gets over500,000reviews per day from users, surpassing even Amazon and other shopping sites in this regard, demonstrating just about how engaging the platform is. Around 80% of first-time shoppersreturnto buy again.</p><p><blockquote>我也喜欢Wish通过利用人工智能匹配系统来吸引和留住用户的策略，该系统优化了平台增长、用户体验和商家投资回报。创建交互式移动购物体验的策略似乎运行良好：令人印象深刻的是，Wish每天从用户那里获得超过50万条评论，在这方面甚至超过了亚马逊和其他购物网站，这表明了该平台的吸引力。大约80%的首次购物者会再次购买。</blockquote></p><p></p><p> Wish is, therefore, able to establish itself in the highly competitive E-commerce market that offers a tremendous runway for growth. Currently, around 40% of the E-commerce market share is owned just by Amazon. Compared to Amazon, its TAM may be limited as it concentrates on its lower-income niche, which is how it became popular in the first place. Still, this represents a +$3 trillion market opportunity for Wish to tap into. It is also worth noting that according toreports, Amazon tried to acquire Wish for $10 billion, yet Wish rejected, believing growing the business to $100 billion in annual sales, at which point it would be valued significantly higher.</p><p><blockquote>因此，Wish能够在竞争激烈的电子商务市场中立足，为增长提供了巨大的跑道。目前，约40%的电子商务市场份额仅由亚马逊拥有。与亚马逊相比，其 TAM 可能有限，因为它专注于低收入市场，这也是它最初流行的原因。尽管如此，这仍然代表着 Wish 可以利用的价值 3 万亿美元的市场机会。还值得注意的是，据toreports报道，亚马逊试图以100亿美元收购Wish，但Wish拒绝了，认为将业务年销售额增长到1000亿美元，届时其估值将明显更高。</blockquote></p><p> <b>Negative Sentiment Baked In</b></p><p><blockquote><b>负面情绪持续存在</b></blockquote></p><p> Wish's first two quarters have been slightly disappointing. While the company handily beat revenue estimates, the company burned through over $300 million in cash in order to invest in logistics. More importantly, however, is the fact that MAUs have dropped steadily, which the company blames on de-de-emphasizing advertising and customer acquisition as the company worked through logistics challenges it faced earlier in the year.</p><p><blockquote>Wish 的前两个季度有点令人失望。虽然该公司轻松超出了收入预期，但为了投资物流，该公司烧掉了超过 3 亿美元的现金。然而，更重要的是，MAU 稳步下降，该公司将此归咎于公司在应对今年早些时候面临的物流挑战时不再强调广告和客户获取。</blockquote></p><p> <table>  <tbody>   <tr>    <td>Year</td>    <td>2020</td>    <td>2019</td>    <td>2018</td>   </tr>   <tr>    <td>Revenue</td>    <td>$2.54B</td>    <td>$1.9B</td>    <td>$1.73B</td>   </tr>   <tr>    <td>Gross Profit</td>    <td>$1.59B</td>    <td>$1.46B</td>    <td>$1.45B</td>   </tr>   <tr>    <td><b>Sales and Marketing</b></td>    <td><b>$1.71B (+17%)</b></td>    <td><b>$1.46B (-7%)</b></td>    <td><b>$1.57B</b></td>   </tr>   <tr>    <td>MAUs</td>    <td>107M (+19%)</td>    <td>90M (+10%)</p><p><blockquote><table><tbody><tr><td>年</td><td>2020</td><td>2019</td><td>2018</td></tr><tr><td>收入</td><td>$254B</td><td>19亿美元</td><td>17.3亿美元</td></tr><tr><td>毛利</td><td>15.9亿美元</td><td>14.6亿美元</td><td>14.5亿美元</td></tr><tr><td><b>销售及市场推广</b></td><td><b>17.1亿美元（+17%）</b></td><td><b>14.6亿美元（-7%）</b></td><td><b>$15.7B</b></td></tr><tr><td>老鼠</td><td>1.07亿（+19%）</td><td>90米（+10%）</td></tr></tbody></table></blockquote></p><p></td>    <td>82M</td>   </tr>   <tr>    <td><b>Active Buyers</b></td>    <td><b>64M (+3%)</b></td>    <td><b>62M (-3%)</b></td>    <td><b>64M</b></td>   </tr>  </tbody> </table> *Growth (Year-over-Year)</p><p><blockquote><td>82米</td><tr><td><b>活跃买家</b></td><td><b>6400万（+3%）</b></td><td><b>6200万（-3%）</b></td><td><b>64米</b></td></tr>*增长（同比）</blockquote></p><p> The largest bear argument against Wish is its high marketing expenses, which account for 60% of its total revenues and over 100% of its gross profits. This is totally fine unless it grows its active buyers through marketing, which unfortunately has not been the case. This is a red flag and questions the long-term sustainability of Wish's business model. However, the company has been close to being cash flow positive, and it stated it already would be profitable if it weren't for its extensive marketing expense. That said, as long as Wish acquires new MAUs and increases value through logistic services, its marketing expenses pay off in the long run. Moreover, as a percentage of total revenues, Wish's marketing expenses have dropped to 60%, down from 67% in the year prior.</p><p><blockquote>反对 Wish 的最大理由是其高昂的营销费用，占其总收入的 60%，毛利润的 100% 以上。这完全没问题，除非它通过营销来增加活跃买家，但不幸的是，情况并非如此。这是一个危险信号，令人质疑 Wish 商业模式的长期可持续性。然而，该公司的现金流已接近正，并表示如果不是因为大量的营销费用，它已经实现了盈利。也就是说，只要Wish获得新的MAU并通过物流服务增加价值，从长远来看，其营销费用就会得到回报。此外，Wish 的营销费用占总收入的比例已从上一年的 67% 降至 60%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e18c23728274ee708d896923820b282\" tg-width=\"635\" tg-height=\"278\"><span>Source: Wish IR</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Wish IR</span></p></blockquote></p><p> In terms of the outlook, this is what the company is essentially stressing. It believes marketing expenses can decrease to 40-45%, leading to EBITDA margins of 25% at the midpoint range. If it achieves these ambitious goals (which is very well possible), its profitability margins would be similar to those of eBay or MercadoLibre(NASDAQ:MELI). In either way, Wish's business model is not perfect, but all these concerns are more than baked in its current valuation, IMO (In My Opinion).</p><p><blockquote>就前景而言，这是该公司本质上强调的。它认为营销费用可以降至 40-45%，从而使 EBITDA 利润率在中点范围内达到 25%。如果它实现这些雄心勃勃的目标（这是很有可能的），其利润率将与 eBay 或 MercadoLibre（纳斯达克股票代码：MELI）相似。无论哪种方式，Wish 的商业模式都并不完美，但在我看来，所有这些担忧都不仅仅体现在其当前的估值中。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54029f94c37f301d26e93a11636280e7\" tg-width=\"635\" tg-height=\"470\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来源：YCharts</span></p></blockquote></p><p> Even after the latest +50% rise, shares are still trailing far behind peers such as Poshmark(NASDAQ:POSH), eBay, Amazon, and (Shopify(NYSE:SHOP)). At over $3 billion estimated revenues, Wish is trading at just 1.8x Price to Sales, just half of eBay's current valuation and much lower than Poshmark. Current estimates are calling for over $6 billion in revenues by 2025 and $1 billion in free cash flow, meaning that Wish trades at just 7x free cash flow estimates, or 1 times sales. In early 2021, its P/S ratio stood closer to 5x, so there is potential for a valuation expansion.</p><p><blockquote>即使在最近一次上涨 +50% 之后，股价仍然远远落后于 Poshmark（纳斯达克股票代码：POSH）、eBay、亚马逊和 (Shopify（纽约证券交易所股票代码：SHOP）) 等同行。Wish 的预计收入超过 30 亿美元，其市销率仅为 1.8 倍，仅为 eBay 当前估值的一半，远低于 Poshmark。目前的估计是，到 2025 年，收入将超过 60 亿美元，自由现金流将达到 10 亿美元，这意味着 Wish 的交易价格仅为自由现金流估计的 7 倍，即销售额的 1 倍。2021年初，其市盈率接近5倍，因此存在估值扩张的潜力。</blockquote></p><p> <b>What about the Lawsuits?</b></p><p><blockquote><b>诉讼呢？</b></blockquote></p><p> Perhaps you've seen the news (especially on Yahoo Finance) regarding the class actionlawsuits. These lawsuits are extensively posted to remind investors of recovering incurred losses after its share price dropped in recent months. Such lawsuits are not unusual when stocks drop sharply in a short period of time and are likely of no concern to investors. These lawsuits have also included companies such asCloverHealth(NASDAQ:CLOV), Skillz(NYSE:SKLZ), Array Technologies(NASDAQ:ARRY), etc.</p><p><blockquote>也许你已经看过关于集体诉讼的新闻（尤其是在雅虎财经上）。这些诉讼被广泛发布，以提醒投资者在近几个月股价下跌后挽回遭受的损失。当股票在短时间内大幅下跌时，此类诉讼并不罕见，投资者可能不会担心。这些诉讼还包括 CloverHealth（纳斯达克股票代码：CLOV）、Skillz（纽约证券交易所股票代码：SKLZ）、Array Technologies（纳斯达克股票代码：ARRY）等公司。</blockquote></p><p> Short Interest - Still High</p><p><blockquote>空头利息 - 仍然很高</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/875b3fdaf74f1ef639b51d77a3aac01f\" tg-width=\"640\" tg-height=\"360\"><span>Source: Fintel</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Fintel</span></p></blockquote></p><p></p><p> Wish has gained significant attraction from retail investors, as investors were looking for the next big short squeeze. Since most of Wish's shares have still been locked up, its exact short ratio was difficult to estimate. According to Seeking Alpha, the current short ratio stands at just 7%, but the figure is likely higher. Last week, its short interest as a percent of its equity float stood at roughly 48%, according to Bloomberg Terminal data. Other sources such as Fintel pin the current short volume at 20-30%. Now, it's difficult to give an exact estimate, but generally speaking, it's probably somewhere within this range, and many short calls are still to be covered. In the long term, the high-short interest could be an advantage, leading to a quicker acceleration if the stock begins trending upwards.</p><p><blockquote>Wish 获得了散户投资者的巨大吸引力，因为投资者正在寻找下一次大规模的空头挤压。由于Wish的大部分股票仍被锁定，其确切的空头比率很难估计。根据Seeking Alpha的数据，目前的空头比率仅为7%，但这个数字可能会更高。根据彭博终端数据，上周其空头权益占其股本流通量的百分比约为 48%。Fintel 等其他来源将当前空头交易量固定在 20-30%。现在，很难给出一个准确的估计，但总的来说，大概在这个范围内的某个地方，很多空头评级还有待覆盖。从长远来看，高空头利息可能是一个优势，如果股票开始上涨，就会导致更快的加速。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> I believe that Wish remains one of the most underappreciated assets within e-commerce, boasting over 100 million monthly users on its platform and connecting thousands of merchants from all over the world. The mobile shopping app continues to be one of the top downloaded shopping apps in the space and has a unique value proposition, which is smarter than it appears at first sight. Moreover, its latestpartnershipwith PrestaShop will give over 300,000 merchants free access to a direct integration that connects them directly to Wish's merchant dashboard, further driving growth. While there are risks to Wish's imperfect business model, such as lagging profitability, patient investors could be rewarded mightily.</p><p><blockquote>我相信Wish仍然是电子商务中最被低估的资产之一，其平台上每月拥有超过1亿用户，并连接了来自世界各地的数千家商家。移动购物应用程序仍然是该领域下载量最高的购物应用程序之一，并具有独特的价值主张，这比乍一看更智能。此外，其与 PrestaShop 的最新合作伙伴关系将使超过 300,000 家商家免费获得直接集成，将他们直接连接到 Wish 的商家仪表板，从而进一步推动增长。虽然 Wish 不完善的商业模式存在风险，例如盈利能力滞后，但耐心的投资者可能会获得丰厚的回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4434950-wish-stock-patient-investors-could-soon-see-20-again\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4434950-wish-stock-patient-investors-could-soon-see-20-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148768572","content_text":"Summary\n\nWish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.\nWish's latest partnership with PrestaShop will further accelerate international expansion and growth initiatives.\nWhile accurate data regarding its short interest is difficult to find as most of its float is still locked up, I estimate a short interest between 30-40%.\nI believe bear arguments including high marketing spend and stalling user numbers are already baked in the current share price.\n\nJuSun/iStock via Getty Images\nOverview\nContextLogic (WISH) has been a wild ride for shareholders, as high volatility continues to cause significant price movements in recent weeks. The e-commerce platform initially went public in December at $20 per share before surging to an all-time high of $32 in February due to a momentum-driven rally. That said, shares have steadily plunged ever since, hitting an all-time low of just $7 in June, but are now recovering swiftly after increased interest from the retail trading sector. Here, the stock is favored due to its high volatility, short interest, and enormous upside potential.\nIn this context, I believe that the high short interest has increasingly pushed shares below fair value and that patient investors could soon see $20 or more again as the company is working through logistic challenges and will soon return to economies of scale. In this regard, the e-commerce platform has a unique value proposition and is well-positioned to gain market share in a $6 trillion e-commerce industry.\nThe Digital Dollar Tree\nWish has been criticized heavily as an e-commerce platform, and I would almost argue that its image of being a third-party 'dropshipping' site for Chinese merchants has kept investors away from the stock so far. However, this may only be partially true. Essentially, Wish has inverted Amazon's(NASDAQ:AMZN)business model through low-priced (low-quality) products and sluggish delivery times that may lead to week-long delivery times. This is because Wish does not handle shipping itself, which is why it can offer these ultra-low prices of offering a hoodie for $2 plus $2 shipping.\nFrankly, Wish is still dependent on Chinese merchants, accounting for most of its product catalogs. This is unsurprising, considering that most goods are produced in China as the production costs are among the lowest in the world. Most of the goods being sold on Amazon or eBay(NASDAQ:EBAY)were also produced in China, although they earn a higher perception due to one-day delivery shipping programs or higher prices.\n\nNow, I view Wish as the digital dollar tree, where online shoppers discover items that they want, not need. In the process, customers have more patience for products and are willing to wait longer for them to arrive. Wish is working towards addressing both of these issues (quality and merchant diversification) as its platform is gaining popularity. Here, it has been investing in logistics to offer quicker delivery, demonstrated by a 275% YoY increase in logistics revenue. Since these revenues provide low margins, its overall gross margins have decreased in accordance. However, once it achieves economies of scale in the segment, margin growth should reverse and trail back towards 70%.\nIt is also addressing the second issue by continuously growing its international merchant base. Here, U.S. merchants increased by over 400% YoY, and a similar trend is to be seen in other countries. Moreover, it is growing Wish Local, a service connecting local businesses to the platform, accounting for 7% of all Wish orders. Wish local is mostly (or exclusively) available in the United States and thus increasingly mixes with other products on the website.\nSource: Sensor Tower\nI also like Wish's strategy to engage and retain users by utilizing an AI matching system that optimizes platform growth, user experience, and merchant return on investment. The strategy to create an interactive mobile shopping experience appears to be working well: Impressively, Wish gets over500,000reviews per day from users, surpassing even Amazon and other shopping sites in this regard, demonstrating just about how engaging the platform is. Around 80% of first-time shoppersreturnto buy again.\nWish is, therefore, able to establish itself in the highly competitive E-commerce market that offers a tremendous runway for growth. Currently, around 40% of the E-commerce market share is owned just by Amazon. Compared to Amazon, its TAM may be limited as it concentrates on its lower-income niche, which is how it became popular in the first place. Still, this represents a +$3 trillion market opportunity for Wish to tap into. It is also worth noting that according toreports, Amazon tried to acquire Wish for $10 billion, yet Wish rejected, believing growing the business to $100 billion in annual sales, at which point it would be valued significantly higher.\nNegative Sentiment Baked In\nWish's first two quarters have been slightly disappointing. While the company handily beat revenue estimates, the company burned through over $300 million in cash in order to invest in logistics. More importantly, however, is the fact that MAUs have dropped steadily, which the company blames on de-de-emphasizing advertising and customer acquisition as the company worked through logistics challenges it faced earlier in the year.\n\n\n\nYear\n2020\n2019\n2018\n\n\nRevenue\n$2.54B\n$1.9B\n$1.73B\n\n\nGross Profit\n$1.59B\n$1.46B\n$1.45B\n\n\nSales and Marketing\n$1.71B (+17%)\n$1.46B (-7%)\n$1.57B\n\n\nMAUs\n107M (+19%)\n90M (+10%)\n82M\n\n\nActive Buyers\n64M (+3%)\n62M (-3%)\n64M\n\n\n\n*Growth (Year-over-Year)\nThe largest bear argument against Wish is its high marketing expenses, which account for 60% of its total revenues and over 100% of its gross profits. This is totally fine unless it grows its active buyers through marketing, which unfortunately has not been the case. This is a red flag and questions the long-term sustainability of Wish's business model. However, the company has been close to being cash flow positive, and it stated it already would be profitable if it weren't for its extensive marketing expense. That said, as long as Wish acquires new MAUs and increases value through logistic services, its marketing expenses pay off in the long run. Moreover, as a percentage of total revenues, Wish's marketing expenses have dropped to 60%, down from 67% in the year prior.\nSource: Wish IR\nIn terms of the outlook, this is what the company is essentially stressing. It believes marketing expenses can decrease to 40-45%, leading to EBITDA margins of 25% at the midpoint range. If it achieves these ambitious goals (which is very well possible), its profitability margins would be similar to those of eBay or MercadoLibre(NASDAQ:MELI). In either way, Wish's business model is not perfect, but all these concerns are more than baked in its current valuation, IMO (In My Opinion).\nData byYCharts\nEven after the latest +50% rise, shares are still trailing far behind peers such as Poshmark(NASDAQ:POSH), eBay, Amazon, and (Shopify(NYSE:SHOP)). At over $3 billion estimated revenues, Wish is trading at just 1.8x Price to Sales, just half of eBay's current valuation and much lower than Poshmark. Current estimates are calling for over $6 billion in revenues by 2025 and $1 billion in free cash flow, meaning that Wish trades at just 7x free cash flow estimates, or 1 times sales. In early 2021, its P/S ratio stood closer to 5x, so there is potential for a valuation expansion.\nWhat about the Lawsuits?\nPerhaps you've seen the news (especially on Yahoo Finance) regarding the class actionlawsuits. These lawsuits are extensively posted to remind investors of recovering incurred losses after its share price dropped in recent months. Such lawsuits are not unusual when stocks drop sharply in a short period of time and are likely of no concern to investors. These lawsuits have also included companies such asCloverHealth(NASDAQ:CLOV), Skillz(NYSE:SKLZ), Array Technologies(NASDAQ:ARRY), etc.\nShort Interest - Still High\nSource: Fintel\nWish has gained significant attraction from retail investors, as investors were looking for the next big short squeeze. Since most of Wish's shares have still been locked up, its exact short ratio was difficult to estimate. According to Seeking Alpha, the current short ratio stands at just 7%, but the figure is likely higher. Last week, its short interest as a percent of its equity float stood at roughly 48%, according to Bloomberg Terminal data. Other sources such as Fintel pin the current short volume at 20-30%. Now, it's difficult to give an exact estimate, but generally speaking, it's probably somewhere within this range, and many short calls are still to be covered. In the long term, the high-short interest could be an advantage, leading to a quicker acceleration if the stock begins trending upwards.\nThe Bottom Line\nI believe that Wish remains one of the most underappreciated assets within e-commerce, boasting over 100 million monthly users on its platform and connecting thousands of merchants from all over the world. The mobile shopping app continues to be one of the top downloaded shopping apps in the space and has a unique value proposition, which is smarter than it appears at first sight. Moreover, its latestpartnershipwith PrestaShop will give over 300,000 merchants free access to a direct integration that connects them directly to Wish's merchant dashboard, further driving growth. While there are risks to Wish's imperfect business model, such as lagging profitability, patient investors could be rewarded mightily.","news_type":1,"symbols_score_info":{"WISH":0.9}},"isVote":1,"tweetType":1,"viewCount":1141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169565742,"gmtCreate":1623843765886,"gmtModify":1634027246941,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578492611847076","authorIdStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169565742","repostId":"1133174841","repostType":2,"isVote":1,"tweetType":1,"viewCount":1276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199190803,"gmtCreate":1620689738302,"gmtModify":1634197176556,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578492611847076","authorIdStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/199190803","repostId":"2134551566","repostType":4,"isVote":1,"tweetType":1,"viewCount":1239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199190932,"gmtCreate":1620689713626,"gmtModify":1634197176917,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578492611847076","authorIdStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Thats great news","listText":"Thats great news","text":"Thats great news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/199190932","repostId":"1161361346","repostType":4,"repost":{"id":"1161361346","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620655086,"share":"https://www.laohunote.com/m/news/1161361346?lang=zh_CN&edition=full","pubTime":"2021-05-10 21:58","market":"us","language":"en","title":"Sea fell about 7% in morning  trading Monday<blockquote>Sea 周一早盘交易中下跌约 7%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161361346","media":"Tiger Newspress","summary":"(May 10) Sea fell about 7% in morning  trading Monday.Sea says it has both the largest digital enter","content":"<p>(May 10)&nbsp;Sea fell about 7%&nbsp;in morning  trading Monday.</p><p><blockquote>（5月10日）Sea在周一早盘交易中下跌约7%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/f4fedd9c6aa7d89876f9443b167121bc\" tg-width=\"789\" tg-height=\"523\" referrerpolicy=\"no-referrer\">Sea says it has both the largest digital entertainment platform and the largest e-commerce operation in the Southeast Asia region, comprised of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore. Its market reach extends to Latin America.</p><p><blockquote>Sea 表示，它拥有东南亚地区最大的数字娱乐平台和最大的电子商务业务，该地区包括印度尼西亚、台湾、越南、泰国、菲律宾、马来西亚和新加坡。其市场覆盖范围延伸至拉丁美洲。</blockquote></p><p>Many Americans aren't familiar with&nbsp;<b>Sea Limited</b> But if you live in Southeast Asia or Latin America, chances are you're a fan of the company's<i>Free Fire</i>mobile game. It's the highest-grossing mobile game in the fast-growing regions.</p><p><blockquote>许多美国人不熟悉<b>海有限公司</b>但如果你住在东南亚或拉丁美洲，你很可能是该公司的粉丝<i>自由射击</i>手机游戏。这是快速增长地区收入最高的手机游戏。</blockquote></p><p>Sea Limited is agaming stock with a killer advantage. Free Fire doesn't cost anything to download. However, players pay to buy additional weapons or enhance their characters. That personal investment makes them more likely to keep playing. And it generated over $2 billion in revenue for Sea Limited last year.</p><p><blockquote>Sea Limited 是一只具有致命优势的博彩股票。Free Fire下载不需要任何费用。然而，玩家付费购买额外的武器或增强他们的角色。这种个人投资使他们更有可能继续玩下去。去年，它为 Sea Limited 创造了超过 20 亿美元的收入。</blockquote></p><p>The stock ranks as the No. 10 holding in Wood's&nbsp;<b>ARK Next Generation Internet ETF</b>&nbsp;and is No. 18 in her flagship&nbsp;<b>ARK Innovation ETF</b>. But Sea Limited isn't just an internet gaming stock; it's also a fast-growingfintech stock. It claims the No. 2 spot in the&nbsp;<b>ARK Fintech Innovation ETF</b>.</p><p><blockquote>该股在伍德的持股中排名第十<b>方舟下一代互联网ETF</b>在她的旗舰上排名第18<b>方舟创新ETF</b>但 Sea Limited 不仅仅是一只互联网游戏股票；它也是一只快速增长的金融科技股。它在世界排名第二<b>方舟金融科技创新ETF</b>.</blockquote></p><p>Sea Limited's e-commerce revenue more than doubled in 2020. The company's Shopee platform is the largest e-commerce site in Indonesia. Thanks to Shopee's success, the SeaMoney digital wallet is gaining momentum in Southeast Asia.</p><p><blockquote>Sea Limited 的电子商务收入在 2020 年增长了一倍多。该公司的Shopee平台是印度尼西亚最大的电子商务网站。由于Shopee的成功，SeaMoney数字钱包在东南亚势头强劲。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea fell about 7% in morning  trading Monday<blockquote>Sea 周一早盘交易中下跌约 7%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea fell about 7% in morning  trading Monday<blockquote>Sea 周一早盘交易中下跌约 7%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-10 21:58</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(May 10)&nbsp;Sea fell about 7%&nbsp;in morning  trading Monday.</p><p><blockquote>（5月10日）Sea在周一早盘交易中下跌约7%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/f4fedd9c6aa7d89876f9443b167121bc\" tg-width=\"789\" tg-height=\"523\" referrerpolicy=\"no-referrer\">Sea says it has both the largest digital entertainment platform and the largest e-commerce operation in the Southeast Asia region, comprised of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore. Its market reach extends to Latin America.</p><p><blockquote>Sea 表示，它拥有东南亚地区最大的数字娱乐平台和最大的电子商务业务，该地区包括印度尼西亚、台湾、越南、泰国、菲律宾、马来西亚和新加坡。其市场覆盖范围延伸至拉丁美洲。</blockquote></p><p>Many Americans aren't familiar with&nbsp;<b>Sea Limited</b> But if you live in Southeast Asia or Latin America, chances are you're a fan of the company's<i>Free Fire</i>mobile game. It's the highest-grossing mobile game in the fast-growing regions.</p><p><blockquote>许多美国人不熟悉<b>海有限公司</b>但如果你住在东南亚或拉丁美洲，你很可能是该公司的粉丝<i>自由射击</i>手机游戏。这是快速增长地区收入最高的手机游戏。</blockquote></p><p>Sea Limited is agaming stock with a killer advantage. Free Fire doesn't cost anything to download. However, players pay to buy additional weapons or enhance their characters. That personal investment makes them more likely to keep playing. And it generated over $2 billion in revenue for Sea Limited last year.</p><p><blockquote>Sea Limited 是一只具有致命优势的博彩股票。Free Fire下载不需要任何费用。然而，玩家付费购买额外的武器或增强他们的角色。这种个人投资使他们更有可能继续玩下去。去年，它为 Sea Limited 创造了超过 20 亿美元的收入。</blockquote></p><p>The stock ranks as the No. 10 holding in Wood's&nbsp;<b>ARK Next Generation Internet ETF</b>&nbsp;and is No. 18 in her flagship&nbsp;<b>ARK Innovation ETF</b>. But Sea Limited isn't just an internet gaming stock; it's also a fast-growingfintech stock. It claims the No. 2 spot in the&nbsp;<b>ARK Fintech Innovation ETF</b>.</p><p><blockquote>该股在伍德的持股中排名第十<b>方舟下一代互联网ETF</b>在她的旗舰上排名第18<b>方舟创新ETF</b>但 Sea Limited 不仅仅是一只互联网游戏股票；它也是一只快速增长的金融科技股。它在世界排名第二<b>方舟金融科技创新ETF</b>.</blockquote></p><p>Sea Limited's e-commerce revenue more than doubled in 2020. The company's Shopee platform is the largest e-commerce site in Indonesia. Thanks to Shopee's success, the SeaMoney digital wallet is gaining momentum in Southeast Asia.</p><p><blockquote>Sea Limited 的电子商务收入在 2020 年增长了一倍多。该公司的Shopee平台是印度尼西亚最大的电子商务网站。由于Shopee的成功，SeaMoney数字钱包在东南亚势头强劲。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161361346","content_text":"(May 10) Sea fell about 7% in morning  trading Monday.Sea says it has both the largest digital entertainment platform and the largest e-commerce operation in the Southeast Asia region, comprised of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore. Its market reach extends to Latin America.Many Americans aren't familiar with Sea Limited But if you live in Southeast Asia or Latin America, chances are you're a fan of the company'sFree Firemobile game. It's the highest-grossing mobile game in the fast-growing regions.Sea Limited is agaming stock with a killer advantage. Free Fire doesn't cost anything to download. However, players pay to buy additional weapons or enhance their characters. That personal investment makes them more likely to keep playing. And it generated over $2 billion in revenue for Sea Limited last year.The stock ranks as the No. 10 holding in Wood's ARK Next Generation Internet ETF and is No. 18 in her flagship ARK Innovation ETF. But Sea Limited isn't just an internet gaming stock; it's also a fast-growingfintech stock. It claims the No. 2 spot in the ARK Fintech Innovation ETF.Sea Limited's e-commerce revenue more than doubled in 2020. The company's Shopee platform is the largest e-commerce site in Indonesia. Thanks to Shopee's success, the SeaMoney digital wallet is gaining momentum in Southeast Asia.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":1244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374536451,"gmtCreate":1619454241473,"gmtModify":1634273313426,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578492611847076","authorIdStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Good job!","listText":"Good job!","text":"Good job!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/374536451","repostId":"2130364766","repostType":4,"repost":{"id":"2130364766","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1619318325,"share":"https://www.laohunote.com/m/news/2130364766?lang=zh_CN&edition=full","pubTime":"2021-04-25 10:38","market":"us","language":"en","title":"What to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一第一季度收益报告有何期待</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2130364766","media":"Benzinga Earnings","summary":"EV giant Tesla, Inc.  is scheduled to release its first-quarter results Monday, after the market close.Key Q1 Metrics to Watch For:  Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.Focus On Regulatory Credits, Automotive Margins:  The focus is likely to be on regulatory credits, which accounted for 4","content":"<p><img src=\"https://static.tigerbbs.com/fe458ac1cf82668bd4bf27fbaa6506e5\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>EV giant <b>Tesla, Inc. </b>(NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.</p><p><blockquote>房屋巨人<b>特斯拉公司。</b>（纳斯达克：TSLA）定于周一收盘后发布第一季度业绩。</blockquote></p><p><b>Key Q1 Metrics to Watch For: </b> Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.</p><p><blockquote><b>第一季度需要关注的关键指标：</b>特斯拉预计 2021 年第一季度非 GAAP 每股收益 (EPS) 为 79 美分，高于去年同期的 23 美分。</blockquote></p><p>The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.</p><p><blockquote>该季度的普遍收入预测为 102.9 亿美元，同比增长 72%。</blockquote></p><p>In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.</p><p><blockquote>第四季度，特斯拉按非公认会计准则计算，每股收益为 80 美分，营收为 107.4 亿美元。</blockquote></p><p>Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.</p><p><blockquote>特斯拉在4月初透露，第一季度交付了创纪录的184,800辆汽车，其中包括182,780辆Model 3/Y汽车和2020辆Model S/X汽车。这意味着同比增长 109%，环比增长 2.2%。季度产量为180,338。</blockquote></p><p><b>Focus On Regulatory Credits, Automotive Margins: </b> The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to&nbsp;earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.</p><p><blockquote><b>关注监管信贷、汽车利润率：</b>重点可能是监管信贷，2020 年第四季度监管信贷占其收入的 4.3%。几个州采用的零排放汽车法规允许电动汽车制造商获得监管积分，这些积分可以通过向传统汽车制造商出售来货币化，而传统汽车制造商无法实现为绿色能源汽车销售比例设定的最低目标。</blockquote></p><p>Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.</p><p><blockquote>2020年第四季度汽车毛利率从上一季度的27.7%下滑至24.1%。由于本季度价格较高的 Model S/X 车辆的生产陷入停滞，以便更新车型，该公司的利润率可能会进一步放缓。</blockquote></p><p><b>View more earnings on TSLA</b></p><p><blockquote><b>查看 TSLA 的更多收益</b></blockquote></p><p>With competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.</p><p><blockquote>特斯拉长期空头 Gordon Johnson 在一份预览季度业绩的报告中表示，随着竞争压力的加剧，特斯拉可能会大幅削减汽车价格，以实现批量生产目标。</blockquote></p><p>Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.</p><p><blockquote>特斯拉投资者可能也渴望了解更多有关该公司比特币投资战略及其允许使用比特币购买汽车的决定的信息。</blockquote></p><p><b>Forward Outlook:</b> Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles.<b> </b>Its&nbsp;Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.</p><p><blockquote><b>展望：</b>特斯拉处于有利地位，可以利用绿色能源汽车预期指数级增长带来的机遇。<b></b>其上海超级工厂目前正在生产 Model S 和 Model Y 汽车，随着柏林和德克萨斯州工厂的开业，预计产能将增加。</blockquote></p><p>Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales&nbsp;and expects to materially exceed the target in 2021.</p><p><blockquote>特斯拉首席财务官扎克·柯克霍恩 (Zach Kirkhorn) 在财报看涨期权上表示，该公司的目标是销量复合年增长率达到 50%，预计 2021 年将大幅超过目标。</blockquote></p><p><b>Stock Take: </b> Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.</p><p><blockquote><b>盘点：</b>特斯拉的股价在二月初之前一直飙升，加入了随后的科技抛售行列。该股从1月25日分割调整后的高点900.40美元，3月5日跌至539.49美元，从峰谷跌幅达40%。</blockquote></p><p>Although the stock has made good some of the losses since then, it is yet to break above $800 level.</p><p><blockquote>尽管该股此后弥补了部分损失，但尚未突破 800 美元水平。</blockquote></p><p>Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.</p><p><blockquote>CANACCORD Genuity 分析师 Jed Dorsheimer 在最近的一份报告中表示，特斯拉保持了数年的领先地位，目前正在积极扩展到存储领域，因此其股票的溢价估值是合理的。该公司对该股的目标价为 1,071 美元。</blockquote></p><p>Friday, Tesla's shares ended 1.35% higher at $729.40.</p><p><blockquote>周五，特斯拉股价收盘上涨 1.35%，至 729.40 美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一第一季度收益报告有何期待</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一第一季度收益报告有何期待</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 Earnings </p>\n<p class=\"h-time smaller\">2021-04-25 10:38</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/fe458ac1cf82668bd4bf27fbaa6506e5\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>EV giant <b>Tesla, Inc. </b>(NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.</p><p><blockquote>房屋巨人<b>特斯拉公司。</b>（纳斯达克：TSLA）定于周一收盘后发布第一季度业绩。</blockquote></p><p><b>Key Q1 Metrics to Watch For: </b> Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.</p><p><blockquote><b>第一季度需要关注的关键指标：</b>特斯拉预计 2021 年第一季度非 GAAP 每股收益 (EPS) 为 79 美分，高于去年同期的 23 美分。</blockquote></p><p>The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.</p><p><blockquote>该季度的普遍收入预测为 102.9 亿美元，同比增长 72%。</blockquote></p><p>In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.</p><p><blockquote>第四季度，特斯拉按非公认会计准则计算，每股收益为 80 美分，营收为 107.4 亿美元。</blockquote></p><p>Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.</p><p><blockquote>特斯拉在4月初透露，第一季度交付了创纪录的184,800辆汽车，其中包括182,780辆Model 3/Y汽车和2020辆Model S/X汽车。这意味着同比增长 109%，环比增长 2.2%。季度产量为180,338。</blockquote></p><p><b>Focus On Regulatory Credits, Automotive Margins: </b> The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to&nbsp;earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.</p><p><blockquote><b>关注监管信贷、汽车利润率：</b>重点可能是监管信贷，2020 年第四季度监管信贷占其收入的 4.3%。几个州采用的零排放汽车法规允许电动汽车制造商获得监管积分，这些积分可以通过向传统汽车制造商出售来货币化，而传统汽车制造商无法实现为绿色能源汽车销售比例设定的最低目标。</blockquote></p><p>Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.</p><p><blockquote>2020年第四季度汽车毛利率从上一季度的27.7%下滑至24.1%。由于本季度价格较高的 Model S/X 车辆的生产陷入停滞，以便更新车型，该公司的利润率可能会进一步放缓。</blockquote></p><p><b>View more earnings on TSLA</b></p><p><blockquote><b>查看 TSLA 的更多收益</b></blockquote></p><p>With competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.</p><p><blockquote>特斯拉长期空头 Gordon Johnson 在一份预览季度业绩的报告中表示，随着竞争压力的加剧，特斯拉可能会大幅削减汽车价格，以实现批量生产目标。</blockquote></p><p>Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.</p><p><blockquote>特斯拉投资者可能也渴望了解更多有关该公司比特币投资战略及其允许使用比特币购买汽车的决定的信息。</blockquote></p><p><b>Forward Outlook:</b> Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles.<b> </b>Its&nbsp;Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.</p><p><blockquote><b>展望：</b>特斯拉处于有利地位，可以利用绿色能源汽车预期指数级增长带来的机遇。<b></b>其上海超级工厂目前正在生产 Model S 和 Model Y 汽车，随着柏林和德克萨斯州工厂的开业，预计产能将增加。</blockquote></p><p>Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales&nbsp;and expects to materially exceed the target in 2021.</p><p><blockquote>特斯拉首席财务官扎克·柯克霍恩 (Zach Kirkhorn) 在财报看涨期权上表示，该公司的目标是销量复合年增长率达到 50%，预计 2021 年将大幅超过目标。</blockquote></p><p><b>Stock Take: </b> Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.</p><p><blockquote><b>盘点：</b>特斯拉的股价在二月初之前一直飙升，加入了随后的科技抛售行列。该股从1月25日分割调整后的高点900.40美元，3月5日跌至539.49美元，从峰谷跌幅达40%。</blockquote></p><p>Although the stock has made good some of the losses since then, it is yet to break above $800 level.</p><p><blockquote>尽管该股此后弥补了部分损失，但尚未突破 800 美元水平。</blockquote></p><p>Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.</p><p><blockquote>CANACCORD Genuity 分析师 Jed Dorsheimer 在最近的一份报告中表示，特斯拉保持了数年的领先地位，目前正在积极扩展到存储领域，因此其股票的溢价估值是合理的。该公司对该股的目标价为 1,071 美元。</blockquote></p><p>Friday, Tesla's shares ended 1.35% higher at $729.40.</p><p><blockquote>周五，特斯拉股价收盘上涨 1.35%，至 729.40 美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130364766","content_text":"EV giant Tesla, Inc. (NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.Key Q1 Metrics to Watch For:  Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.Focus On Regulatory Credits, Automotive Margins:  The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.View more earnings on TSLAWith competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.Forward Outlook: Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles. Its Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales and expects to materially exceed the target in 2021.Stock Take:  Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.Although the stock has made good some of the losses since then, it is yet to break above $800 level.Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.Friday, Tesla's shares ended 1.35% higher at $729.40.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375504240,"gmtCreate":1619357042480,"gmtModify":1634274037375,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578492611847076","authorIdStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Thats nice//<a href=\"https://laohu8.com/U/3578492611847076\">@Zacong</a>: Cool","listText":"Thats nice//<a href=\"https://laohu8.com/U/3578492611847076\">@Zacong</a>: Cool","text":"Thats nice//@Zacong: Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/375504240","repostId":"2129680033","repostType":4,"repost":{"id":"2129680033","kind":"highlight","pubTimestamp":1619338263,"share":"https://www.laohunote.com/m/news/2129680033?lang=zh_CN&edition=full","pubTime":"2021-04-25 16:11","market":"us","language":"en","title":"Apple’s business is roaring, and investors are about to find out how much of that cash is coming their way<blockquote>苹果的生意蒸蒸日上，投资者们即将知道有多少现金会流向他们</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2129680033","media":"MarketWatch","summary":"Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could ge","content":"<p>Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could get back to double-digit dividend growth when it details investor-return plans for the year</p><p><blockquote>苹果盈利预览：在过去两年“更温和”的股息增长之后，苹果在详细说明今年的投资者回报计划时可能会恢复两位数的股息增长</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c3de8d4d6e2f179b5f904720051de74\" tg-width=\"1260\" tg-height=\"840\"><span>Apple's iPad and Mac momentum may have \"accelerated\" in the latest quarter, analyst argues. AFP/Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师认为，苹果iPad和Mac的势头可能在最近一个季度“加速”。法新社/盖蒂图片社</span></p></blockquote></p><p> After posting record sales and profits in its latest fiscal year, Apple Inc. is expected to show how much of its financial success will get delivered back to shareholders this year.</p><p><blockquote>在最近一个财年公布创纪录的销售额和利润后，苹果公司预计将展示其今年将有多少财务成功回馈给股东。</blockquote></p><p> Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> is expected to increase its dividend and authorize further stock buybacks when it announces fiscal second-quarter earnings Wednesday, part of the company's continued focus on returning money to shareholders as it aims to reduce its sizable cash pile. The company typically makes updates to its capital-return program alongside its March-quarter report, and the coming announcement could be a driver of Apple's post-earnings stock momentum.</p><p><blockquote>苹果<a href=\"https://laohu8.com/S/AAPL\">$(苹果)$</a>预计该公司将在周三公布第二财季收益时增加股息并授权进一步回购股票，这是该公司继续专注于向股东返还资金以减少其可观的现金储备的一部分。该公司通常会在发布三月份季度报告的同时更新其资本回报计划，即将发布的公告可能会推动苹果财报后股价上涨。</blockquote></p><p> \"We think Apple's capital return update could be the most incremental consideration coming out of Apple's upcoming F2Q21 results,\" Wells Fargo analyst Aaron Rakers wrote.</p><p><blockquote>富国银行分析师 Aaron Rakers 写道：“我们认为苹果的资本回报率更新可能是苹果即将发布的 2021 年第二季度业绩中最重要的考虑因素。”</blockquote></p><p> Though Apple shares have nearly doubled in the past year, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>'s Katy Huberty anticipates that the company will remain aggressive with its buybacks. She predicts that the company could add $60 billion to its buyback authorization this quarter, compared with the $50 billion increase that Apple approved a year ago .</p><p><blockquote>尽管苹果股价在过去一年几乎翻了一番，<a href=\"https://laohu8.com/S/MSTLW\">摩根士丹利</a>凯蒂·休伯蒂 (Katy Huberty) 预计该公司将继续积极进行回购。她预测，该公司本季度可能会增加 600 亿美元的回购授权，而苹果一年前批准的回购授权为 500 亿美元。</blockquote></p><p> Apple's pace of repurchases is unlikely to \"materially slow\" in the next 12 to 18 months, Huberty argued, as she projected that the company could buy back $18 billion worth of its stock each quarter until the end of fiscal 2022. That would reduce the number of shares outstanding by about 3% and leave Apple with a net-cash position of about $75 billion.</p><p><blockquote>休伯蒂认为，苹果的回购步伐在未来 12 至 18 个月内不太可能“大幅放缓”，因为她预计该公司每个季度可以回购价值 180 亿美元的股票，直到 2022 财年结束。这将使流通股数量减少约 3%，苹果的净现金头寸约为 750 亿美元。</blockquote></p><p> She also projects a 10% increase in Apple's dividend, which would bring the annual payout to 90 cents a share.</p><p><blockquote>她还预计苹果的股息将增加 10%，这将使每股年度股息达到 90 美分。</blockquote></p><p> Apple's dividend announcement could be a bigger driver of stock performance than the buyback plans, Wells Fargo's Rakers suggested. He thinks Apple could raise its dividend by at least 10%, an increase that would mark the highest annual hike since Apple's 16% bump in 2018 and stand in comparison to the \"more modest\" increases of 5.5% and 6.5% that Apple delivered in 2019 and 2020, respectively.</p><p><blockquote>富国银行的 Rakers 表示，苹果的股息宣布可能比回购计划更能推动股票表现。他认为苹果可能会将股息提高至少 10%，这一增幅将标志着自苹果 2018 年股息上涨 16% 以来的最高年度涨幅，相比之下，苹果分别在 2019 年和 2020 年实现了 5.5% 和 6.5% 的“更温和”增幅。</blockquote></p><p> \"Our positive view on Apple's continued ability to generate strong [free-cash flow] supports our view that the company could return its annual dividend growth trajectory into the double-digit [percent] range,\" he wrote.</p><p><blockquote>他写道：“我们对苹果持续产生强劲[自由现金流]能力的积极看法支持了我们的观点，即该公司可以将年度股息增长轨迹恢复到两位数[百分比]范围。”</blockquote></p><p> Rakers is expecting a roughly $50 billion increase to the buyback program, flat with a year ago.</p><p><blockquote>Rakers 预计回购计划将增加约 500 亿美元，与一年前持平。</blockquote></p><p> The company has set out to become net-cash-neutral, opting against blockbuster acquisitions and in favor of capital returns as it tries to winnow down its sizable net-cash balance, which stood at more than $80 billion as of Apple's last report. But Apple is also generating strong free-cash flow, with Huberty predicting a 30% increase this fiscal year and suggesting that it will take time before Apple achieves its target.</p><p><blockquote>该公司已着手实现净现金中性，选择不进行大规模收购，而支持资本回报，因为它试图减少其可观的净现金余额，截至苹果上一份报告，净现金余额已超过 800 亿美元。但苹果也产生了强劲的自由现金流，休伯蒂预测本财年将增长 30%，并表示苹果实现目标还需要时间。</blockquote></p><p> \"Apple is firing on all cylinders today and even as the company spends nearly $100 billion per year on shareholder returns, we believe the path to a net-cash-neutral position requires multiple more years of sustained strong shareholder returns,\" Huberty wrote.</p><p><blockquote>休伯蒂写道：“苹果今天正在全力以赴，尽管该公司每年在股东回报上花费近 1000 亿美元，但我们相信，实现净现金中性头寸的道路需要多年持续强劲的股东回报。”</blockquote></p><p> Apple repurchased an average of 2.5 million shares a day in the last nine months of 2020, Rakers noted, accounting for about 1.6% of the stock's daily trading volume.</p><p><blockquote>Rakers 指出，苹果在 2020 年最后 9 个月平均每天回购 250 万股股票，约占该股日交易量的 1.6%。</blockquote></p><p> <b>What to expect</b></p><p><blockquote><b>期待什么</b></blockquote></p><p> Earnings: Analysts tracked by FactSet expect that Apple earned 98 cents a share in the latest quarter, up from 64 cents a year earlier. According to Estimize, which crowdsources projections from hedge funds, academics and others, the average estimate calls for $1.02 a share.</p><p><blockquote>盈利：FactSet 追踪的分析师预计，苹果最新季度每股收益为 98 美分，高于去年同期的 64 美分。Estimize 从对冲基金、学者和其他人那里众包预测，平均估计评级为每股 1.02 美元。</blockquote></p><p> Revenue: The FactSet consensus models revenue of $76.7 billion, while the average estimate on Estimize is for $78.3 billion. Apple posted $58.3 billion in revenue during the prior March quarter, as COVID-19 shutdowns affected China and began to cause store closures in other parts of the world.</p><p><blockquote>收入：FactSet 共识模型的收入为 767 亿美元，而 Estimize 的平均估计为 783 亿美元。由于 COVID-19 关闭影响了中国大陆，并开始导致世界其他地区的商店关闭，苹果 3 月份上一季度的收入为 583 亿美元。</blockquote></p><p> Stock movement: Apple shares have fallen following three of the past five earnings reports. Shares have gained 91% over the past 12 months as the Dow Jones Industrial Average , of which Apple is a component, has risen 44%.</p><p><blockquote>股票走势：过去五份收益报告中有三份发布后，苹果股价下跌。过去 12 个月，苹果所在的道琼斯工业平均指数上涨了 44%，股价上涨了 91%。</blockquote></p><p> Of the 42 analysts tracked by FactSet who cover Apple's stock, 30 have buy ratings, nine have hold ratings, and three have sell ratings, with an average price target of $151.12.</p><p><blockquote>在 FactSet 追踪的 42 位关注苹果股票的分析师中，30 位给予买入评级，9 位给予持有评级，3 位给予卖出评级，平均目标价为 151.12 美元。</blockquote></p><p> <b>What else to watch for</b></p><p><blockquote><b>还有什么要注意的</b></blockquote></p><p></p><p> Apple has seen strong momentum in recent quarters amid a surge in demand for Macs and iPads during the pandemic and a successful iPhone 12 launch. Evercore ISI analyst Amit Daryanani predicts that the company continued to see good traction in the March quarter and could deliver results ahead of expectations.</p><p><blockquote>由于疫情期间对 Mac 和 iPad 的需求激增以及 iPhone 12 的成功推出，苹果最近几个季度的发展势头强劲。Evercore ISI 分析师 Amit Daryanani 预测，该公司在三月份季度将继续保持良好的吸引力，并可能超出预期交付业绩。</blockquote></p><p> The company could be more insulated than others from the continuing chip shortage given \"its status as <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest electronics purchasers in the world,\" Daryanani argued, noting that while manufacturing partner Foxconn mentioned some supply issues, that company said that the component shortage would affect a small fraction of customer orders.</p><p><blockquote>鉴于“其地位”，该公司可能比其他公司更能免受持续芯片短缺的影响<a href=\"https://laohu8.com/S/AONE\">一</a>Daryanani 认为，虽然制造合作伙伴富士康提到了一些供应问题，但该公司表示，零部件短缺将影响一小部分客户订单。</blockquote></p><p> Daryanani is upbeat about Apple's iPhone momentum in China and encouraged by Foxconn's indication that March-quarter performance would be better than what's typically seen for this period. That's consistent with Apple's own projections, he noted. He rates the stock at outperform with a $175 price target.</p><p><blockquote>Daryanani 对苹果 iPhone 在中国的发展势头持乐观态度，并对富士康表示 3 月份季度的业绩将好于这一时期的典型表现感到鼓舞。他指出，这与苹果自己的预测一致。他将该股评级为跑赢大盘，目标价为 175 美元。</blockquote></p><p> Wells Fargo's Rakers pointed to \"ongoing positive demand drivers\" but said he was \"reluctant to make a meaningful upside (iPhone-driven) call\" ahead of the release. His iPhone revenue estimate for the quarter is for $38.8 billion, while the FactSet consensus calls for $41.0 billion.</p><p><blockquote>富国银行的 Rakers 指出了“持续的积极需求驱动因素”，但表示他“不愿意在发布之前做出有意义的上行（iPhone 驱动的）看涨期权”。他预计本季度 iPhone 收入为 388 亿美元，而 FactSet 一致认为评级为 410 亿美元。</blockquote></p><p> Outside of the iPhone, Rakers expects that the company continues to see strong demand for iPads and Macs buoyed by at-home dynamics. He'll also be looking for broader commentary on supply issues.</p><p><blockquote>除了 iPhone 之外，Rakers 预计该公司将继续看到家庭动态推动对 iPad 和 Mac 的强劲需求。他还将寻求对供应问题更广泛的评论。</blockquote></p><p> \"With continued reports of overall semiconductor supply-chain tightness, presumably impacting Apple's Mac and iPad lead times, along with increasing DRAM prices, investors will be focused on Apple's thoughts on overall demand fulfillment and gross margin expectations,\" he wrote, while reiterating an overweight rating on the stock and a $160 target price.</p><p><blockquote>“随着有关整体半导体供应链紧张的持续报道，可能会影响苹果 Mac 和 iPad 的交货时间，以及 DRAM 价格上涨，投资者将关注苹果对整体需求满足和毛利率预期的看法，”他写道，同时重申了跑赢大盘对该股的评级和 160 美元的目标价。</blockquote></p><p> Morgan Stanley's Huberty has \"high confidence\" that Apple will beat March-quarter expectations and she's also expecting an upbeat outlook.</p><p><blockquote>摩根士丹利的休伯蒂“非常有信心”苹果将超出三月份季度的预期，她也预计前景乐观。</blockquote></p><p> \"We believe that much of the consumer and education-market strength that propelled the Mac and iPad to 21% year-over-year and 41% year-over-year growth the December quarter sustained, and even accelerated into the March quarter,\" she wrote, highlighting upbeat third-party Mac data from IDC.</p><p><blockquote>“我们相信，推动 Mac 和 iPad 同比增长 21% 和 41% 的消费者和教育市场力量在 12 月份季度得以维持，甚至加速到 3 月份季度，”她写道，强调了 IDC 乐观的第三方 Mac 数据。</blockquote></p><p> Huberty forecasts $8.2 billion in Mac revenue and $6.8 billion in iPad revenue for the quarter, significantly above the FactSet consensus, which calls for $6.7 billion and $5.6 billion, respectively. She has an overweight rating and $158 price target on Apple shares.</p><p><blockquote>Huberty 预测本季度 Mac 收入为 82 亿美元，iPad 收入为 68 亿美元，远高于 FactSet 的共识，FactSet 的评级分别为 67 亿美元和 56 亿美元。她对苹果股票给予跑赢大盘评级和 158 美元的目标价。</blockquote></p><p> Apple recently introduced new iPads and iMacs that could allow it to continue capitalizing on at-home trends, though these won't factor into the March-quarter numbers.</p><p><blockquote>苹果最近推出了新的 iPad 和 iMac，这可能使其能够继续利用家庭趋势，尽管这些不会计入 3 月份季度的数据。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple’s business is roaring, and investors are about to find out how much of that cash is coming their way<blockquote>苹果的生意蒸蒸日上，投资者们即将知道有多少现金会流向他们</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’s business is roaring, and investors are about to find out how much of that cash is coming their way<blockquote>苹果的生意蒸蒸日上，投资者们即将知道有多少现金会流向他们</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-04-25 16:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could get back to double-digit dividend growth when it details investor-return plans for the year</p><p><blockquote>苹果盈利预览：在过去两年“更温和”的股息增长之后，苹果在详细说明今年的投资者回报计划时可能会恢复两位数的股息增长</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c3de8d4d6e2f179b5f904720051de74\" tg-width=\"1260\" tg-height=\"840\"><span>Apple's iPad and Mac momentum may have \"accelerated\" in the latest quarter, analyst argues. AFP/Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师认为，苹果iPad和Mac的势头可能在最近一个季度“加速”。法新社/盖蒂图片社</span></p></blockquote></p><p> After posting record sales and profits in its latest fiscal year, Apple Inc. is expected to show how much of its financial success will get delivered back to shareholders this year.</p><p><blockquote>在最近一个财年公布创纪录的销售额和利润后，苹果公司预计将展示其今年将有多少财务成功回馈给股东。</blockquote></p><p> Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> is expected to increase its dividend and authorize further stock buybacks when it announces fiscal second-quarter earnings Wednesday, part of the company's continued focus on returning money to shareholders as it aims to reduce its sizable cash pile. The company typically makes updates to its capital-return program alongside its March-quarter report, and the coming announcement could be a driver of Apple's post-earnings stock momentum.</p><p><blockquote>苹果<a href=\"https://laohu8.com/S/AAPL\">$(苹果)$</a>预计该公司将在周三公布第二财季收益时增加股息并授权进一步回购股票，这是该公司继续专注于向股东返还资金以减少其可观的现金储备的一部分。该公司通常会在发布三月份季度报告的同时更新其资本回报计划，即将发布的公告可能会推动苹果财报后股价上涨。</blockquote></p><p> \"We think Apple's capital return update could be the most incremental consideration coming out of Apple's upcoming F2Q21 results,\" Wells Fargo analyst Aaron Rakers wrote.</p><p><blockquote>富国银行分析师 Aaron Rakers 写道：“我们认为苹果的资本回报率更新可能是苹果即将发布的 2021 年第二季度业绩中最重要的考虑因素。”</blockquote></p><p> Though Apple shares have nearly doubled in the past year, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>'s Katy Huberty anticipates that the company will remain aggressive with its buybacks. She predicts that the company could add $60 billion to its buyback authorization this quarter, compared with the $50 billion increase that Apple approved a year ago .</p><p><blockquote>尽管苹果股价在过去一年几乎翻了一番，<a href=\"https://laohu8.com/S/MSTLW\">摩根士丹利</a>凯蒂·休伯蒂 (Katy Huberty) 预计该公司将继续积极进行回购。她预测，该公司本季度可能会增加 600 亿美元的回购授权，而苹果一年前批准的回购授权为 500 亿美元。</blockquote></p><p> Apple's pace of repurchases is unlikely to \"materially slow\" in the next 12 to 18 months, Huberty argued, as she projected that the company could buy back $18 billion worth of its stock each quarter until the end of fiscal 2022. That would reduce the number of shares outstanding by about 3% and leave Apple with a net-cash position of about $75 billion.</p><p><blockquote>休伯蒂认为，苹果的回购步伐在未来 12 至 18 个月内不太可能“大幅放缓”，因为她预计该公司每个季度可以回购价值 180 亿美元的股票，直到 2022 财年结束。这将使流通股数量减少约 3%，苹果的净现金头寸约为 750 亿美元。</blockquote></p><p> She also projects a 10% increase in Apple's dividend, which would bring the annual payout to 90 cents a share.</p><p><blockquote>她还预计苹果的股息将增加 10%，这将使每股年度股息达到 90 美分。</blockquote></p><p> Apple's dividend announcement could be a bigger driver of stock performance than the buyback plans, Wells Fargo's Rakers suggested. He thinks Apple could raise its dividend by at least 10%, an increase that would mark the highest annual hike since Apple's 16% bump in 2018 and stand in comparison to the \"more modest\" increases of 5.5% and 6.5% that Apple delivered in 2019 and 2020, respectively.</p><p><blockquote>富国银行的 Rakers 表示，苹果的股息宣布可能比回购计划更能推动股票表现。他认为苹果可能会将股息提高至少 10%，这一增幅将标志着自苹果 2018 年股息上涨 16% 以来的最高年度涨幅，相比之下，苹果分别在 2019 年和 2020 年实现了 5.5% 和 6.5% 的“更温和”增幅。</blockquote></p><p> \"Our positive view on Apple's continued ability to generate strong [free-cash flow] supports our view that the company could return its annual dividend growth trajectory into the double-digit [percent] range,\" he wrote.</p><p><blockquote>他写道：“我们对苹果持续产生强劲[自由现金流]能力的积极看法支持了我们的观点，即该公司可以将年度股息增长轨迹恢复到两位数[百分比]范围。”</blockquote></p><p> Rakers is expecting a roughly $50 billion increase to the buyback program, flat with a year ago.</p><p><blockquote>Rakers 预计回购计划将增加约 500 亿美元，与一年前持平。</blockquote></p><p> The company has set out to become net-cash-neutral, opting against blockbuster acquisitions and in favor of capital returns as it tries to winnow down its sizable net-cash balance, which stood at more than $80 billion as of Apple's last report. But Apple is also generating strong free-cash flow, with Huberty predicting a 30% increase this fiscal year and suggesting that it will take time before Apple achieves its target.</p><p><blockquote>该公司已着手实现净现金中性，选择不进行大规模收购，而支持资本回报，因为它试图减少其可观的净现金余额，截至苹果上一份报告，净现金余额已超过 800 亿美元。但苹果也产生了强劲的自由现金流，休伯蒂预测本财年将增长 30%，并表示苹果实现目标还需要时间。</blockquote></p><p> \"Apple is firing on all cylinders today and even as the company spends nearly $100 billion per year on shareholder returns, we believe the path to a net-cash-neutral position requires multiple more years of sustained strong shareholder returns,\" Huberty wrote.</p><p><blockquote>休伯蒂写道：“苹果今天正在全力以赴，尽管该公司每年在股东回报上花费近 1000 亿美元，但我们相信，实现净现金中性头寸的道路需要多年持续强劲的股东回报。”</blockquote></p><p> Apple repurchased an average of 2.5 million shares a day in the last nine months of 2020, Rakers noted, accounting for about 1.6% of the stock's daily trading volume.</p><p><blockquote>Rakers 指出，苹果在 2020 年最后 9 个月平均每天回购 250 万股股票，约占该股日交易量的 1.6%。</blockquote></p><p> <b>What to expect</b></p><p><blockquote><b>期待什么</b></blockquote></p><p> Earnings: Analysts tracked by FactSet expect that Apple earned 98 cents a share in the latest quarter, up from 64 cents a year earlier. According to Estimize, which crowdsources projections from hedge funds, academics and others, the average estimate calls for $1.02 a share.</p><p><blockquote>盈利：FactSet 追踪的分析师预计，苹果最新季度每股收益为 98 美分，高于去年同期的 64 美分。Estimize 从对冲基金、学者和其他人那里众包预测，平均估计评级为每股 1.02 美元。</blockquote></p><p> Revenue: The FactSet consensus models revenue of $76.7 billion, while the average estimate on Estimize is for $78.3 billion. Apple posted $58.3 billion in revenue during the prior March quarter, as COVID-19 shutdowns affected China and began to cause store closures in other parts of the world.</p><p><blockquote>收入：FactSet 共识模型的收入为 767 亿美元，而 Estimize 的平均估计为 783 亿美元。由于 COVID-19 关闭影响了中国大陆，并开始导致世界其他地区的商店关闭，苹果 3 月份上一季度的收入为 583 亿美元。</blockquote></p><p> Stock movement: Apple shares have fallen following three of the past five earnings reports. Shares have gained 91% over the past 12 months as the Dow Jones Industrial Average , of which Apple is a component, has risen 44%.</p><p><blockquote>股票走势：过去五份收益报告中有三份发布后，苹果股价下跌。过去 12 个月，苹果所在的道琼斯工业平均指数上涨了 44%，股价上涨了 91%。</blockquote></p><p> Of the 42 analysts tracked by FactSet who cover Apple's stock, 30 have buy ratings, nine have hold ratings, and three have sell ratings, with an average price target of $151.12.</p><p><blockquote>在 FactSet 追踪的 42 位关注苹果股票的分析师中，30 位给予买入评级，9 位给予持有评级，3 位给予卖出评级，平均目标价为 151.12 美元。</blockquote></p><p> <b>What else to watch for</b></p><p><blockquote><b>还有什么要注意的</b></blockquote></p><p></p><p> Apple has seen strong momentum in recent quarters amid a surge in demand for Macs and iPads during the pandemic and a successful iPhone 12 launch. Evercore ISI analyst Amit Daryanani predicts that the company continued to see good traction in the March quarter and could deliver results ahead of expectations.</p><p><blockquote>由于疫情期间对 Mac 和 iPad 的需求激增以及 iPhone 12 的成功推出，苹果最近几个季度的发展势头强劲。Evercore ISI 分析师 Amit Daryanani 预测，该公司在三月份季度将继续保持良好的吸引力，并可能超出预期交付业绩。</blockquote></p><p> The company could be more insulated than others from the continuing chip shortage given \"its status as <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest electronics purchasers in the world,\" Daryanani argued, noting that while manufacturing partner Foxconn mentioned some supply issues, that company said that the component shortage would affect a small fraction of customer orders.</p><p><blockquote>鉴于“其地位”，该公司可能比其他公司更能免受持续芯片短缺的影响<a href=\"https://laohu8.com/S/AONE\">一</a>Daryanani 认为，虽然制造合作伙伴富士康提到了一些供应问题，但该公司表示，零部件短缺将影响一小部分客户订单。</blockquote></p><p> Daryanani is upbeat about Apple's iPhone momentum in China and encouraged by Foxconn's indication that March-quarter performance would be better than what's typically seen for this period. That's consistent with Apple's own projections, he noted. He rates the stock at outperform with a $175 price target.</p><p><blockquote>Daryanani 对苹果 iPhone 在中国的发展势头持乐观态度，并对富士康表示 3 月份季度的业绩将好于这一时期的典型表现感到鼓舞。他指出，这与苹果自己的预测一致。他将该股评级为跑赢大盘，目标价为 175 美元。</blockquote></p><p> Wells Fargo's Rakers pointed to \"ongoing positive demand drivers\" but said he was \"reluctant to make a meaningful upside (iPhone-driven) call\" ahead of the release. His iPhone revenue estimate for the quarter is for $38.8 billion, while the FactSet consensus calls for $41.0 billion.</p><p><blockquote>富国银行的 Rakers 指出了“持续的积极需求驱动因素”，但表示他“不愿意在发布之前做出有意义的上行（iPhone 驱动的）看涨期权”。他预计本季度 iPhone 收入为 388 亿美元，而 FactSet 一致认为评级为 410 亿美元。</blockquote></p><p> Outside of the iPhone, Rakers expects that the company continues to see strong demand for iPads and Macs buoyed by at-home dynamics. He'll also be looking for broader commentary on supply issues.</p><p><blockquote>除了 iPhone 之外，Rakers 预计该公司将继续看到家庭动态推动对 iPad 和 Mac 的强劲需求。他还将寻求对供应问题更广泛的评论。</blockquote></p><p> \"With continued reports of overall semiconductor supply-chain tightness, presumably impacting Apple's Mac and iPad lead times, along with increasing DRAM prices, investors will be focused on Apple's thoughts on overall demand fulfillment and gross margin expectations,\" he wrote, while reiterating an overweight rating on the stock and a $160 target price.</p><p><blockquote>“随着有关整体半导体供应链紧张的持续报道，可能会影响苹果 Mac 和 iPad 的交货时间，以及 DRAM 价格上涨，投资者将关注苹果对整体需求满足和毛利率预期的看法，”他写道，同时重申了跑赢大盘对该股的评级和 160 美元的目标价。</blockquote></p><p> Morgan Stanley's Huberty has \"high confidence\" that Apple will beat March-quarter expectations and she's also expecting an upbeat outlook.</p><p><blockquote>摩根士丹利的休伯蒂“非常有信心”苹果将超出三月份季度的预期，她也预计前景乐观。</blockquote></p><p> \"We believe that much of the consumer and education-market strength that propelled the Mac and iPad to 21% year-over-year and 41% year-over-year growth the December quarter sustained, and even accelerated into the March quarter,\" she wrote, highlighting upbeat third-party Mac data from IDC.</p><p><blockquote>“我们相信，推动 Mac 和 iPad 同比增长 21% 和 41% 的消费者和教育市场力量在 12 月份季度得以维持，甚至加速到 3 月份季度，”她写道，强调了 IDC 乐观的第三方 Mac 数据。</blockquote></p><p> Huberty forecasts $8.2 billion in Mac revenue and $6.8 billion in iPad revenue for the quarter, significantly above the FactSet consensus, which calls for $6.7 billion and $5.6 billion, respectively. She has an overweight rating and $158 price target on Apple shares.</p><p><blockquote>Huberty 预测本季度 Mac 收入为 82 亿美元，iPad 收入为 68 亿美元，远高于 FactSet 的共识，FactSet 的评级分别为 67 亿美元和 56 亿美元。她对苹果股票给予跑赢大盘评级和 158 美元的目标价。</blockquote></p><p> Apple recently introduced new iPads and iMacs that could allow it to continue capitalizing on at-home trends, though these won't factor into the March-quarter numbers.</p><p><blockquote>苹果最近推出了新的 iPad 和 iMac，这可能使其能够继续利用家庭趋势，尽管这些不会计入 3 月份季度的数据。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/apples-business-is-roaring-and-investors-are-about-to-find-out-how-much-of-that-cash-is-coming-their-way-11619194933?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.marketwatch.com/story/apples-business-is-roaring-and-investors-are-about-to-find-out-how-much-of-that-cash-is-coming-their-way-11619194933?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129680033","content_text":"Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could get back to double-digit dividend growth when it details investor-return plans for the year\nApple's iPad and Mac momentum may have \"accelerated\" in the latest quarter, analyst argues. AFP/Getty Images\nAfter posting record sales and profits in its latest fiscal year, Apple Inc. is expected to show how much of its financial success will get delivered back to shareholders this year.\nApple $(AAPL)$ is expected to increase its dividend and authorize further stock buybacks when it announces fiscal second-quarter earnings Wednesday, part of the company's continued focus on returning money to shareholders as it aims to reduce its sizable cash pile. The company typically makes updates to its capital-return program alongside its March-quarter report, and the coming announcement could be a driver of Apple's post-earnings stock momentum.\n\"We think Apple's capital return update could be the most incremental consideration coming out of Apple's upcoming F2Q21 results,\" Wells Fargo analyst Aaron Rakers wrote.\nThough Apple shares have nearly doubled in the past year, Morgan Stanley's Katy Huberty anticipates that the company will remain aggressive with its buybacks. She predicts that the company could add $60 billion to its buyback authorization this quarter, compared with the $50 billion increase that Apple approved a year ago .\nApple's pace of repurchases is unlikely to \"materially slow\" in the next 12 to 18 months, Huberty argued, as she projected that the company could buy back $18 billion worth of its stock each quarter until the end of fiscal 2022. That would reduce the number of shares outstanding by about 3% and leave Apple with a net-cash position of about $75 billion.\nShe also projects a 10% increase in Apple's dividend, which would bring the annual payout to 90 cents a share.\nApple's dividend announcement could be a bigger driver of stock performance than the buyback plans, Wells Fargo's Rakers suggested. He thinks Apple could raise its dividend by at least 10%, an increase that would mark the highest annual hike since Apple's 16% bump in 2018 and stand in comparison to the \"more modest\" increases of 5.5% and 6.5% that Apple delivered in 2019 and 2020, respectively.\n\"Our positive view on Apple's continued ability to generate strong [free-cash flow] supports our view that the company could return its annual dividend growth trajectory into the double-digit [percent] range,\" he wrote.\nRakers is expecting a roughly $50 billion increase to the buyback program, flat with a year ago.\nThe company has set out to become net-cash-neutral, opting against blockbuster acquisitions and in favor of capital returns as it tries to winnow down its sizable net-cash balance, which stood at more than $80 billion as of Apple's last report. But Apple is also generating strong free-cash flow, with Huberty predicting a 30% increase this fiscal year and suggesting that it will take time before Apple achieves its target.\n\"Apple is firing on all cylinders today and even as the company spends nearly $100 billion per year on shareholder returns, we believe the path to a net-cash-neutral position requires multiple more years of sustained strong shareholder returns,\" Huberty wrote.\nApple repurchased an average of 2.5 million shares a day in the last nine months of 2020, Rakers noted, accounting for about 1.6% of the stock's daily trading volume.\nWhat to expect\nEarnings: Analysts tracked by FactSet expect that Apple earned 98 cents a share in the latest quarter, up from 64 cents a year earlier. According to Estimize, which crowdsources projections from hedge funds, academics and others, the average estimate calls for $1.02 a share.\nRevenue: The FactSet consensus models revenue of $76.7 billion, while the average estimate on Estimize is for $78.3 billion. Apple posted $58.3 billion in revenue during the prior March quarter, as COVID-19 shutdowns affected China and began to cause store closures in other parts of the world.\nStock movement: Apple shares have fallen following three of the past five earnings reports. Shares have gained 91% over the past 12 months as the Dow Jones Industrial Average , of which Apple is a component, has risen 44%.\nOf the 42 analysts tracked by FactSet who cover Apple's stock, 30 have buy ratings, nine have hold ratings, and three have sell ratings, with an average price target of $151.12.\nWhat else to watch for\nApple has seen strong momentum in recent quarters amid a surge in demand for Macs and iPads during the pandemic and a successful iPhone 12 launch. Evercore ISI analyst Amit Daryanani predicts that the company continued to see good traction in the March quarter and could deliver results ahead of expectations.\nThe company could be more insulated than others from the continuing chip shortage given \"its status as one of the largest electronics purchasers in the world,\" Daryanani argued, noting that while manufacturing partner Foxconn mentioned some supply issues, that company said that the component shortage would affect a small fraction of customer orders.\nDaryanani is upbeat about Apple's iPhone momentum in China and encouraged by Foxconn's indication that March-quarter performance would be better than what's typically seen for this period. That's consistent with Apple's own projections, he noted. He rates the stock at outperform with a $175 price target.\nWells Fargo's Rakers pointed to \"ongoing positive demand drivers\" but said he was \"reluctant to make a meaningful upside (iPhone-driven) call\" ahead of the release. His iPhone revenue estimate for the quarter is for $38.8 billion, while the FactSet consensus calls for $41.0 billion.\nOutside of the iPhone, Rakers expects that the company continues to see strong demand for iPads and Macs buoyed by at-home dynamics. He'll also be looking for broader commentary on supply issues.\n\"With continued reports of overall semiconductor supply-chain tightness, presumably impacting Apple's Mac and iPad lead times, along with increasing DRAM prices, investors will be focused on Apple's thoughts on overall demand fulfillment and gross margin expectations,\" he wrote, while reiterating an overweight rating on the stock and a $160 target price.\nMorgan Stanley's Huberty has \"high confidence\" that Apple will beat March-quarter expectations and she's also expecting an upbeat outlook.\n\"We believe that much of the consumer and education-market strength that propelled the Mac and iPad to 21% year-over-year and 41% year-over-year growth the December quarter sustained, and even accelerated into the March quarter,\" she wrote, highlighting upbeat third-party Mac data from IDC.\nHuberty forecasts $8.2 billion in Mac revenue and $6.8 billion in iPad revenue for the quarter, significantly above the FactSet consensus, which calls for $6.7 billion and $5.6 billion, respectively. She has an overweight rating and $158 price target on Apple shares.\nApple recently introduced new iPads and iMacs that could allow it to continue capitalizing on at-home trends, though these won't factor into the March-quarter numbers.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375504109,"gmtCreate":1619357012301,"gmtModify":1634274037494,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578492611847076","authorIdStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/375504109","repostId":"2129680033","repostType":4,"repost":{"id":"2129680033","kind":"highlight","pubTimestamp":1619338263,"share":"https://www.laohunote.com/m/news/2129680033?lang=zh_CN&edition=full","pubTime":"2021-04-25 16:11","market":"us","language":"en","title":"Apple’s business is roaring, and investors are about to find out how much of that cash is coming their way<blockquote>苹果的生意蒸蒸日上，投资者们即将知道有多少现金会流向他们</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2129680033","media":"MarketWatch","summary":"Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could ge","content":"<p>Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could get back to double-digit dividend growth when it details investor-return plans for the year</p><p><blockquote>苹果盈利预览：在过去两年“更温和”的股息增长之后，苹果在详细说明今年的投资者回报计划时可能会恢复两位数的股息增长</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c3de8d4d6e2f179b5f904720051de74\" tg-width=\"1260\" tg-height=\"840\"><span>Apple's iPad and Mac momentum may have \"accelerated\" in the latest quarter, analyst argues. AFP/Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师认为，苹果iPad和Mac的势头可能在最近一个季度“加速”。法新社/盖蒂图片社</span></p></blockquote></p><p> After posting record sales and profits in its latest fiscal year, Apple Inc. is expected to show how much of its financial success will get delivered back to shareholders this year.</p><p><blockquote>在最近一个财年公布创纪录的销售额和利润后，苹果公司预计将展示其今年将有多少财务成功回馈给股东。</blockquote></p><p> Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> is expected to increase its dividend and authorize further stock buybacks when it announces fiscal second-quarter earnings Wednesday, part of the company's continued focus on returning money to shareholders as it aims to reduce its sizable cash pile. The company typically makes updates to its capital-return program alongside its March-quarter report, and the coming announcement could be a driver of Apple's post-earnings stock momentum.</p><p><blockquote>苹果<a href=\"https://laohu8.com/S/AAPL\">$(苹果)$</a>预计该公司将在周三公布第二财季收益时增加股息并授权进一步回购股票，这是该公司继续专注于向股东返还资金以减少其可观的现金储备的一部分。该公司通常会在发布三月份季度报告的同时更新其资本回报计划，即将发布的公告可能会推动苹果财报后股价上涨。</blockquote></p><p> \"We think Apple's capital return update could be the most incremental consideration coming out of Apple's upcoming F2Q21 results,\" Wells Fargo analyst Aaron Rakers wrote.</p><p><blockquote>富国银行分析师 Aaron Rakers 写道：“我们认为苹果的资本回报率更新可能是苹果即将发布的 2021 年第二季度业绩中最重要的考虑因素。”</blockquote></p><p> Though Apple shares have nearly doubled in the past year, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>'s Katy Huberty anticipates that the company will remain aggressive with its buybacks. She predicts that the company could add $60 billion to its buyback authorization this quarter, compared with the $50 billion increase that Apple approved a year ago .</p><p><blockquote>尽管苹果股价在过去一年几乎翻了一番，<a href=\"https://laohu8.com/S/MSTLW\">摩根士丹利</a>凯蒂·休伯蒂 (Katy Huberty) 预计该公司将继续积极进行回购。她预测，该公司本季度可能会增加 600 亿美元的回购授权，而苹果一年前批准的回购授权为 500 亿美元。</blockquote></p><p> Apple's pace of repurchases is unlikely to \"materially slow\" in the next 12 to 18 months, Huberty argued, as she projected that the company could buy back $18 billion worth of its stock each quarter until the end of fiscal 2022. That would reduce the number of shares outstanding by about 3% and leave Apple with a net-cash position of about $75 billion.</p><p><blockquote>休伯蒂认为，苹果的回购步伐在未来 12 至 18 个月内不太可能“大幅放缓”，因为她预计该公司每个季度可以回购价值 180 亿美元的股票，直到 2022 财年结束。这将使流通股数量减少约 3%，苹果的净现金头寸约为 750 亿美元。</blockquote></p><p> She also projects a 10% increase in Apple's dividend, which would bring the annual payout to 90 cents a share.</p><p><blockquote>她还预计苹果的股息将增加 10%，这将使每股年度股息达到 90 美分。</blockquote></p><p> Apple's dividend announcement could be a bigger driver of stock performance than the buyback plans, Wells Fargo's Rakers suggested. He thinks Apple could raise its dividend by at least 10%, an increase that would mark the highest annual hike since Apple's 16% bump in 2018 and stand in comparison to the \"more modest\" increases of 5.5% and 6.5% that Apple delivered in 2019 and 2020, respectively.</p><p><blockquote>富国银行的 Rakers 表示，苹果的股息宣布可能比回购计划更能推动股票表现。他认为苹果可能会将股息提高至少 10%，这一增幅将标志着自苹果 2018 年股息上涨 16% 以来的最高年度涨幅，相比之下，苹果分别在 2019 年和 2020 年实现了 5.5% 和 6.5% 的“更温和”增幅。</blockquote></p><p> \"Our positive view on Apple's continued ability to generate strong [free-cash flow] supports our view that the company could return its annual dividend growth trajectory into the double-digit [percent] range,\" he wrote.</p><p><blockquote>他写道：“我们对苹果持续产生强劲[自由现金流]能力的积极看法支持了我们的观点，即该公司可以将年度股息增长轨迹恢复到两位数[百分比]范围。”</blockquote></p><p> Rakers is expecting a roughly $50 billion increase to the buyback program, flat with a year ago.</p><p><blockquote>Rakers 预计回购计划将增加约 500 亿美元，与一年前持平。</blockquote></p><p> The company has set out to become net-cash-neutral, opting against blockbuster acquisitions and in favor of capital returns as it tries to winnow down its sizable net-cash balance, which stood at more than $80 billion as of Apple's last report. But Apple is also generating strong free-cash flow, with Huberty predicting a 30% increase this fiscal year and suggesting that it will take time before Apple achieves its target.</p><p><blockquote>该公司已着手实现净现金中性，选择不进行大规模收购，而支持资本回报，因为它试图减少其可观的净现金余额，截至苹果上一份报告，净现金余额已超过 800 亿美元。但苹果也产生了强劲的自由现金流，休伯蒂预测本财年将增长 30%，并表示苹果实现目标还需要时间。</blockquote></p><p> \"Apple is firing on all cylinders today and even as the company spends nearly $100 billion per year on shareholder returns, we believe the path to a net-cash-neutral position requires multiple more years of sustained strong shareholder returns,\" Huberty wrote.</p><p><blockquote>休伯蒂写道：“苹果今天正在全力以赴，尽管该公司每年在股东回报上花费近 1000 亿美元，但我们相信，实现净现金中性头寸的道路需要多年持续强劲的股东回报。”</blockquote></p><p> Apple repurchased an average of 2.5 million shares a day in the last nine months of 2020, Rakers noted, accounting for about 1.6% of the stock's daily trading volume.</p><p><blockquote>Rakers 指出，苹果在 2020 年最后 9 个月平均每天回购 250 万股股票，约占该股日交易量的 1.6%。</blockquote></p><p> <b>What to expect</b></p><p><blockquote><b>期待什么</b></blockquote></p><p> Earnings: Analysts tracked by FactSet expect that Apple earned 98 cents a share in the latest quarter, up from 64 cents a year earlier. According to Estimize, which crowdsources projections from hedge funds, academics and others, the average estimate calls for $1.02 a share.</p><p><blockquote>盈利：FactSet 追踪的分析师预计，苹果最新季度每股收益为 98 美分，高于去年同期的 64 美分。Estimize 从对冲基金、学者和其他人那里众包预测，平均估计评级为每股 1.02 美元。</blockquote></p><p> Revenue: The FactSet consensus models revenue of $76.7 billion, while the average estimate on Estimize is for $78.3 billion. Apple posted $58.3 billion in revenue during the prior March quarter, as COVID-19 shutdowns affected China and began to cause store closures in other parts of the world.</p><p><blockquote>收入：FactSet 共识模型的收入为 767 亿美元，而 Estimize 的平均估计为 783 亿美元。由于 COVID-19 关闭影响了中国大陆，并开始导致世界其他地区的商店关闭，苹果 3 月份上一季度的收入为 583 亿美元。</blockquote></p><p> Stock movement: Apple shares have fallen following three of the past five earnings reports. Shares have gained 91% over the past 12 months as the Dow Jones Industrial Average , of which Apple is a component, has risen 44%.</p><p><blockquote>股票走势：过去五份收益报告中有三份发布后，苹果股价下跌。过去 12 个月，苹果所在的道琼斯工业平均指数上涨了 44%，股价上涨了 91%。</blockquote></p><p> Of the 42 analysts tracked by FactSet who cover Apple's stock, 30 have buy ratings, nine have hold ratings, and three have sell ratings, with an average price target of $151.12.</p><p><blockquote>在 FactSet 追踪的 42 位关注苹果股票的分析师中，30 位给予买入评级，9 位给予持有评级，3 位给予卖出评级，平均目标价为 151.12 美元。</blockquote></p><p> <b>What else to watch for</b></p><p><blockquote><b>还有什么要注意的</b></blockquote></p><p></p><p> Apple has seen strong momentum in recent quarters amid a surge in demand for Macs and iPads during the pandemic and a successful iPhone 12 launch. Evercore ISI analyst Amit Daryanani predicts that the company continued to see good traction in the March quarter and could deliver results ahead of expectations.</p><p><blockquote>由于疫情期间对 Mac 和 iPad 的需求激增以及 iPhone 12 的成功推出，苹果最近几个季度的发展势头强劲。Evercore ISI 分析师 Amit Daryanani 预测，该公司在三月份季度将继续保持良好的吸引力，并可能超出预期交付业绩。</blockquote></p><p> The company could be more insulated than others from the continuing chip shortage given \"its status as <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest electronics purchasers in the world,\" Daryanani argued, noting that while manufacturing partner Foxconn mentioned some supply issues, that company said that the component shortage would affect a small fraction of customer orders.</p><p><blockquote>鉴于“其地位”，该公司可能比其他公司更能免受持续芯片短缺的影响<a href=\"https://laohu8.com/S/AONE\">一</a>Daryanani 认为，虽然制造合作伙伴富士康提到了一些供应问题，但该公司表示，零部件短缺将影响一小部分客户订单。</blockquote></p><p> Daryanani is upbeat about Apple's iPhone momentum in China and encouraged by Foxconn's indication that March-quarter performance would be better than what's typically seen for this period. That's consistent with Apple's own projections, he noted. He rates the stock at outperform with a $175 price target.</p><p><blockquote>Daryanani 对苹果 iPhone 在中国的发展势头持乐观态度，并对富士康表示 3 月份季度的业绩将好于这一时期的典型表现感到鼓舞。他指出，这与苹果自己的预测一致。他将该股评级为跑赢大盘，目标价为 175 美元。</blockquote></p><p> Wells Fargo's Rakers pointed to \"ongoing positive demand drivers\" but said he was \"reluctant to make a meaningful upside (iPhone-driven) call\" ahead of the release. His iPhone revenue estimate for the quarter is for $38.8 billion, while the FactSet consensus calls for $41.0 billion.</p><p><blockquote>富国银行的 Rakers 指出了“持续的积极需求驱动因素”，但表示他“不愿意在发布之前做出有意义的上行（iPhone 驱动的）看涨期权”。他预计本季度 iPhone 收入为 388 亿美元，而 FactSet 一致认为评级为 410 亿美元。</blockquote></p><p> Outside of the iPhone, Rakers expects that the company continues to see strong demand for iPads and Macs buoyed by at-home dynamics. He'll also be looking for broader commentary on supply issues.</p><p><blockquote>除了 iPhone 之外，Rakers 预计该公司将继续看到家庭动态推动对 iPad 和 Mac 的强劲需求。他还将寻求对供应问题更广泛的评论。</blockquote></p><p> \"With continued reports of overall semiconductor supply-chain tightness, presumably impacting Apple's Mac and iPad lead times, along with increasing DRAM prices, investors will be focused on Apple's thoughts on overall demand fulfillment and gross margin expectations,\" he wrote, while reiterating an overweight rating on the stock and a $160 target price.</p><p><blockquote>“随着有关整体半导体供应链紧张的持续报道，可能会影响苹果 Mac 和 iPad 的交货时间，以及 DRAM 价格上涨，投资者将关注苹果对整体需求满足和毛利率预期的看法，”他写道，同时重申了跑赢大盘对该股的评级和 160 美元的目标价。</blockquote></p><p> Morgan Stanley's Huberty has \"high confidence\" that Apple will beat March-quarter expectations and she's also expecting an upbeat outlook.</p><p><blockquote>摩根士丹利的休伯蒂“非常有信心”苹果将超出三月份季度的预期，她也预计前景乐观。</blockquote></p><p> \"We believe that much of the consumer and education-market strength that propelled the Mac and iPad to 21% year-over-year and 41% year-over-year growth the December quarter sustained, and even accelerated into the March quarter,\" she wrote, highlighting upbeat third-party Mac data from IDC.</p><p><blockquote>“我们相信，推动 Mac 和 iPad 同比增长 21% 和 41% 的消费者和教育市场力量在 12 月份季度得以维持，甚至加速到 3 月份季度，”她写道，强调了 IDC 乐观的第三方 Mac 数据。</blockquote></p><p> Huberty forecasts $8.2 billion in Mac revenue and $6.8 billion in iPad revenue for the quarter, significantly above the FactSet consensus, which calls for $6.7 billion and $5.6 billion, respectively. She has an overweight rating and $158 price target on Apple shares.</p><p><blockquote>Huberty 预测本季度 Mac 收入为 82 亿美元，iPad 收入为 68 亿美元，远高于 FactSet 的共识，FactSet 的评级分别为 67 亿美元和 56 亿美元。她对苹果股票给予跑赢大盘评级和 158 美元的目标价。</blockquote></p><p> Apple recently introduced new iPads and iMacs that could allow it to continue capitalizing on at-home trends, though these won't factor into the March-quarter numbers.</p><p><blockquote>苹果最近推出了新的 iPad 和 iMac，这可能使其能够继续利用家庭趋势，尽管这些不会计入 3 月份季度的数据。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple’s business is roaring, and investors are about to find out how much of that cash is coming their way<blockquote>苹果的生意蒸蒸日上，投资者们即将知道有多少现金会流向他们</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’s business is roaring, and investors are about to find out how much of that cash is coming their way<blockquote>苹果的生意蒸蒸日上，投资者们即将知道有多少现金会流向他们</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-04-25 16:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could get back to double-digit dividend growth when it details investor-return plans for the year</p><p><blockquote>苹果盈利预览：在过去两年“更温和”的股息增长之后，苹果在详细说明今年的投资者回报计划时可能会恢复两位数的股息增长</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c3de8d4d6e2f179b5f904720051de74\" tg-width=\"1260\" tg-height=\"840\"><span>Apple's iPad and Mac momentum may have \"accelerated\" in the latest quarter, analyst argues. AFP/Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师认为，苹果iPad和Mac的势头可能在最近一个季度“加速”。法新社/盖蒂图片社</span></p></blockquote></p><p> After posting record sales and profits in its latest fiscal year, Apple Inc. is expected to show how much of its financial success will get delivered back to shareholders this year.</p><p><blockquote>在最近一个财年公布创纪录的销售额和利润后，苹果公司预计将展示其今年将有多少财务成功回馈给股东。</blockquote></p><p> Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> is expected to increase its dividend and authorize further stock buybacks when it announces fiscal second-quarter earnings Wednesday, part of the company's continued focus on returning money to shareholders as it aims to reduce its sizable cash pile. The company typically makes updates to its capital-return program alongside its March-quarter report, and the coming announcement could be a driver of Apple's post-earnings stock momentum.</p><p><blockquote>苹果<a href=\"https://laohu8.com/S/AAPL\">$(苹果)$</a>预计该公司将在周三公布第二财季收益时增加股息并授权进一步回购股票，这是该公司继续专注于向股东返还资金以减少其可观的现金储备的一部分。该公司通常会在发布三月份季度报告的同时更新其资本回报计划，即将发布的公告可能会推动苹果财报后股价上涨。</blockquote></p><p> \"We think Apple's capital return update could be the most incremental consideration coming out of Apple's upcoming F2Q21 results,\" Wells Fargo analyst Aaron Rakers wrote.</p><p><blockquote>富国银行分析师 Aaron Rakers 写道：“我们认为苹果的资本回报率更新可能是苹果即将发布的 2021 年第二季度业绩中最重要的考虑因素。”</blockquote></p><p> Though Apple shares have nearly doubled in the past year, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>'s Katy Huberty anticipates that the company will remain aggressive with its buybacks. She predicts that the company could add $60 billion to its buyback authorization this quarter, compared with the $50 billion increase that Apple approved a year ago .</p><p><blockquote>尽管苹果股价在过去一年几乎翻了一番，<a href=\"https://laohu8.com/S/MSTLW\">摩根士丹利</a>凯蒂·休伯蒂 (Katy Huberty) 预计该公司将继续积极进行回购。她预测，该公司本季度可能会增加 600 亿美元的回购授权，而苹果一年前批准的回购授权为 500 亿美元。</blockquote></p><p> Apple's pace of repurchases is unlikely to \"materially slow\" in the next 12 to 18 months, Huberty argued, as she projected that the company could buy back $18 billion worth of its stock each quarter until the end of fiscal 2022. That would reduce the number of shares outstanding by about 3% and leave Apple with a net-cash position of about $75 billion.</p><p><blockquote>休伯蒂认为，苹果的回购步伐在未来 12 至 18 个月内不太可能“大幅放缓”，因为她预计该公司每个季度可以回购价值 180 亿美元的股票，直到 2022 财年结束。这将使流通股数量减少约 3%，苹果的净现金头寸约为 750 亿美元。</blockquote></p><p> She also projects a 10% increase in Apple's dividend, which would bring the annual payout to 90 cents a share.</p><p><blockquote>她还预计苹果的股息将增加 10%，这将使每股年度股息达到 90 美分。</blockquote></p><p> Apple's dividend announcement could be a bigger driver of stock performance than the buyback plans, Wells Fargo's Rakers suggested. He thinks Apple could raise its dividend by at least 10%, an increase that would mark the highest annual hike since Apple's 16% bump in 2018 and stand in comparison to the \"more modest\" increases of 5.5% and 6.5% that Apple delivered in 2019 and 2020, respectively.</p><p><blockquote>富国银行的 Rakers 表示，苹果的股息宣布可能比回购计划更能推动股票表现。他认为苹果可能会将股息提高至少 10%，这一增幅将标志着自苹果 2018 年股息上涨 16% 以来的最高年度涨幅，相比之下，苹果分别在 2019 年和 2020 年实现了 5.5% 和 6.5% 的“更温和”增幅。</blockquote></p><p> \"Our positive view on Apple's continued ability to generate strong [free-cash flow] supports our view that the company could return its annual dividend growth trajectory into the double-digit [percent] range,\" he wrote.</p><p><blockquote>他写道：“我们对苹果持续产生强劲[自由现金流]能力的积极看法支持了我们的观点，即该公司可以将年度股息增长轨迹恢复到两位数[百分比]范围。”</blockquote></p><p> Rakers is expecting a roughly $50 billion increase to the buyback program, flat with a year ago.</p><p><blockquote>Rakers 预计回购计划将增加约 500 亿美元，与一年前持平。</blockquote></p><p> The company has set out to become net-cash-neutral, opting against blockbuster acquisitions and in favor of capital returns as it tries to winnow down its sizable net-cash balance, which stood at more than $80 billion as of Apple's last report. But Apple is also generating strong free-cash flow, with Huberty predicting a 30% increase this fiscal year and suggesting that it will take time before Apple achieves its target.</p><p><blockquote>该公司已着手实现净现金中性，选择不进行大规模收购，而支持资本回报，因为它试图减少其可观的净现金余额，截至苹果上一份报告，净现金余额已超过 800 亿美元。但苹果也产生了强劲的自由现金流，休伯蒂预测本财年将增长 30%，并表示苹果实现目标还需要时间。</blockquote></p><p> \"Apple is firing on all cylinders today and even as the company spends nearly $100 billion per year on shareholder returns, we believe the path to a net-cash-neutral position requires multiple more years of sustained strong shareholder returns,\" Huberty wrote.</p><p><blockquote>休伯蒂写道：“苹果今天正在全力以赴，尽管该公司每年在股东回报上花费近 1000 亿美元，但我们相信，实现净现金中性头寸的道路需要多年持续强劲的股东回报。”</blockquote></p><p> Apple repurchased an average of 2.5 million shares a day in the last nine months of 2020, Rakers noted, accounting for about 1.6% of the stock's daily trading volume.</p><p><blockquote>Rakers 指出，苹果在 2020 年最后 9 个月平均每天回购 250 万股股票，约占该股日交易量的 1.6%。</blockquote></p><p> <b>What to expect</b></p><p><blockquote><b>期待什么</b></blockquote></p><p> Earnings: Analysts tracked by FactSet expect that Apple earned 98 cents a share in the latest quarter, up from 64 cents a year earlier. According to Estimize, which crowdsources projections from hedge funds, academics and others, the average estimate calls for $1.02 a share.</p><p><blockquote>盈利：FactSet 追踪的分析师预计，苹果最新季度每股收益为 98 美分，高于去年同期的 64 美分。Estimize 从对冲基金、学者和其他人那里众包预测，平均估计评级为每股 1.02 美元。</blockquote></p><p> Revenue: The FactSet consensus models revenue of $76.7 billion, while the average estimate on Estimize is for $78.3 billion. Apple posted $58.3 billion in revenue during the prior March quarter, as COVID-19 shutdowns affected China and began to cause store closures in other parts of the world.</p><p><blockquote>收入：FactSet 共识模型的收入为 767 亿美元，而 Estimize 的平均估计为 783 亿美元。由于 COVID-19 关闭影响了中国大陆，并开始导致世界其他地区的商店关闭，苹果 3 月份上一季度的收入为 583 亿美元。</blockquote></p><p> Stock movement: Apple shares have fallen following three of the past five earnings reports. Shares have gained 91% over the past 12 months as the Dow Jones Industrial Average , of which Apple is a component, has risen 44%.</p><p><blockquote>股票走势：过去五份收益报告中有三份发布后，苹果股价下跌。过去 12 个月，苹果所在的道琼斯工业平均指数上涨了 44%，股价上涨了 91%。</blockquote></p><p> Of the 42 analysts tracked by FactSet who cover Apple's stock, 30 have buy ratings, nine have hold ratings, and three have sell ratings, with an average price target of $151.12.</p><p><blockquote>在 FactSet 追踪的 42 位关注苹果股票的分析师中，30 位给予买入评级，9 位给予持有评级，3 位给予卖出评级，平均目标价为 151.12 美元。</blockquote></p><p> <b>What else to watch for</b></p><p><blockquote><b>还有什么要注意的</b></blockquote></p><p></p><p> Apple has seen strong momentum in recent quarters amid a surge in demand for Macs and iPads during the pandemic and a successful iPhone 12 launch. Evercore ISI analyst Amit Daryanani predicts that the company continued to see good traction in the March quarter and could deliver results ahead of expectations.</p><p><blockquote>由于疫情期间对 Mac 和 iPad 的需求激增以及 iPhone 12 的成功推出，苹果最近几个季度的发展势头强劲。Evercore ISI 分析师 Amit Daryanani 预测，该公司在三月份季度将继续保持良好的吸引力，并可能超出预期交付业绩。</blockquote></p><p> The company could be more insulated than others from the continuing chip shortage given \"its status as <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest electronics purchasers in the world,\" Daryanani argued, noting that while manufacturing partner Foxconn mentioned some supply issues, that company said that the component shortage would affect a small fraction of customer orders.</p><p><blockquote>鉴于“其地位”，该公司可能比其他公司更能免受持续芯片短缺的影响<a href=\"https://laohu8.com/S/AONE\">一</a>Daryanani 认为，虽然制造合作伙伴富士康提到了一些供应问题，但该公司表示，零部件短缺将影响一小部分客户订单。</blockquote></p><p> Daryanani is upbeat about Apple's iPhone momentum in China and encouraged by Foxconn's indication that March-quarter performance would be better than what's typically seen for this period. That's consistent with Apple's own projections, he noted. He rates the stock at outperform with a $175 price target.</p><p><blockquote>Daryanani 对苹果 iPhone 在中国的发展势头持乐观态度，并对富士康表示 3 月份季度的业绩将好于这一时期的典型表现感到鼓舞。他指出，这与苹果自己的预测一致。他将该股评级为跑赢大盘，目标价为 175 美元。</blockquote></p><p> Wells Fargo's Rakers pointed to \"ongoing positive demand drivers\" but said he was \"reluctant to make a meaningful upside (iPhone-driven) call\" ahead of the release. His iPhone revenue estimate for the quarter is for $38.8 billion, while the FactSet consensus calls for $41.0 billion.</p><p><blockquote>富国银行的 Rakers 指出了“持续的积极需求驱动因素”，但表示他“不愿意在发布之前做出有意义的上行（iPhone 驱动的）看涨期权”。他预计本季度 iPhone 收入为 388 亿美元，而 FactSet 一致认为评级为 410 亿美元。</blockquote></p><p> Outside of the iPhone, Rakers expects that the company continues to see strong demand for iPads and Macs buoyed by at-home dynamics. He'll also be looking for broader commentary on supply issues.</p><p><blockquote>除了 iPhone 之外，Rakers 预计该公司将继续看到家庭动态推动对 iPad 和 Mac 的强劲需求。他还将寻求对供应问题更广泛的评论。</blockquote></p><p> \"With continued reports of overall semiconductor supply-chain tightness, presumably impacting Apple's Mac and iPad lead times, along with increasing DRAM prices, investors will be focused on Apple's thoughts on overall demand fulfillment and gross margin expectations,\" he wrote, while reiterating an overweight rating on the stock and a $160 target price.</p><p><blockquote>“随着有关整体半导体供应链紧张的持续报道，可能会影响苹果 Mac 和 iPad 的交货时间，以及 DRAM 价格上涨，投资者将关注苹果对整体需求满足和毛利率预期的看法，”他写道，同时重申了跑赢大盘对该股的评级和 160 美元的目标价。</blockquote></p><p> Morgan Stanley's Huberty has \"high confidence\" that Apple will beat March-quarter expectations and she's also expecting an upbeat outlook.</p><p><blockquote>摩根士丹利的休伯蒂“非常有信心”苹果将超出三月份季度的预期，她也预计前景乐观。</blockquote></p><p> \"We believe that much of the consumer and education-market strength that propelled the Mac and iPad to 21% year-over-year and 41% year-over-year growth the December quarter sustained, and even accelerated into the March quarter,\" she wrote, highlighting upbeat third-party Mac data from IDC.</p><p><blockquote>“我们相信，推动 Mac 和 iPad 同比增长 21% 和 41% 的消费者和教育市场力量在 12 月份季度得以维持，甚至加速到 3 月份季度，”她写道，强调了 IDC 乐观的第三方 Mac 数据。</blockquote></p><p> Huberty forecasts $8.2 billion in Mac revenue and $6.8 billion in iPad revenue for the quarter, significantly above the FactSet consensus, which calls for $6.7 billion and $5.6 billion, respectively. She has an overweight rating and $158 price target on Apple shares.</p><p><blockquote>Huberty 预测本季度 Mac 收入为 82 亿美元，iPad 收入为 68 亿美元，远高于 FactSet 的共识，FactSet 的评级分别为 67 亿美元和 56 亿美元。她对苹果股票给予跑赢大盘评级和 158 美元的目标价。</blockquote></p><p> Apple recently introduced new iPads and iMacs that could allow it to continue capitalizing on at-home trends, though these won't factor into the March-quarter numbers.</p><p><blockquote>苹果最近推出了新的 iPad 和 iMac，这可能使其能够继续利用家庭趋势，尽管这些不会计入 3 月份季度的数据。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/apples-business-is-roaring-and-investors-are-about-to-find-out-how-much-of-that-cash-is-coming-their-way-11619194933?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.marketwatch.com/story/apples-business-is-roaring-and-investors-are-about-to-find-out-how-much-of-that-cash-is-coming-their-way-11619194933?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129680033","content_text":"Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could get back to double-digit dividend growth when it details investor-return plans for the year\nApple's iPad and Mac momentum may have \"accelerated\" in the latest quarter, analyst argues. AFP/Getty Images\nAfter posting record sales and profits in its latest fiscal year, Apple Inc. is expected to show how much of its financial success will get delivered back to shareholders this year.\nApple $(AAPL)$ is expected to increase its dividend and authorize further stock buybacks when it announces fiscal second-quarter earnings Wednesday, part of the company's continued focus on returning money to shareholders as it aims to reduce its sizable cash pile. The company typically makes updates to its capital-return program alongside its March-quarter report, and the coming announcement could be a driver of Apple's post-earnings stock momentum.\n\"We think Apple's capital return update could be the most incremental consideration coming out of Apple's upcoming F2Q21 results,\" Wells Fargo analyst Aaron Rakers wrote.\nThough Apple shares have nearly doubled in the past year, Morgan Stanley's Katy Huberty anticipates that the company will remain aggressive with its buybacks. She predicts that the company could add $60 billion to its buyback authorization this quarter, compared with the $50 billion increase that Apple approved a year ago .\nApple's pace of repurchases is unlikely to \"materially slow\" in the next 12 to 18 months, Huberty argued, as she projected that the company could buy back $18 billion worth of its stock each quarter until the end of fiscal 2022. That would reduce the number of shares outstanding by about 3% and leave Apple with a net-cash position of about $75 billion.\nShe also projects a 10% increase in Apple's dividend, which would bring the annual payout to 90 cents a share.\nApple's dividend announcement could be a bigger driver of stock performance than the buyback plans, Wells Fargo's Rakers suggested. He thinks Apple could raise its dividend by at least 10%, an increase that would mark the highest annual hike since Apple's 16% bump in 2018 and stand in comparison to the \"more modest\" increases of 5.5% and 6.5% that Apple delivered in 2019 and 2020, respectively.\n\"Our positive view on Apple's continued ability to generate strong [free-cash flow] supports our view that the company could return its annual dividend growth trajectory into the double-digit [percent] range,\" he wrote.\nRakers is expecting a roughly $50 billion increase to the buyback program, flat with a year ago.\nThe company has set out to become net-cash-neutral, opting against blockbuster acquisitions and in favor of capital returns as it tries to winnow down its sizable net-cash balance, which stood at more than $80 billion as of Apple's last report. But Apple is also generating strong free-cash flow, with Huberty predicting a 30% increase this fiscal year and suggesting that it will take time before Apple achieves its target.\n\"Apple is firing on all cylinders today and even as the company spends nearly $100 billion per year on shareholder returns, we believe the path to a net-cash-neutral position requires multiple more years of sustained strong shareholder returns,\" Huberty wrote.\nApple repurchased an average of 2.5 million shares a day in the last nine months of 2020, Rakers noted, accounting for about 1.6% of the stock's daily trading volume.\nWhat to expect\nEarnings: Analysts tracked by FactSet expect that Apple earned 98 cents a share in the latest quarter, up from 64 cents a year earlier. According to Estimize, which crowdsources projections from hedge funds, academics and others, the average estimate calls for $1.02 a share.\nRevenue: The FactSet consensus models revenue of $76.7 billion, while the average estimate on Estimize is for $78.3 billion. Apple posted $58.3 billion in revenue during the prior March quarter, as COVID-19 shutdowns affected China and began to cause store closures in other parts of the world.\nStock movement: Apple shares have fallen following three of the past five earnings reports. Shares have gained 91% over the past 12 months as the Dow Jones Industrial Average , of which Apple is a component, has risen 44%.\nOf the 42 analysts tracked by FactSet who cover Apple's stock, 30 have buy ratings, nine have hold ratings, and three have sell ratings, with an average price target of $151.12.\nWhat else to watch for\nApple has seen strong momentum in recent quarters amid a surge in demand for Macs and iPads during the pandemic and a successful iPhone 12 launch. Evercore ISI analyst Amit Daryanani predicts that the company continued to see good traction in the March quarter and could deliver results ahead of expectations.\nThe company could be more insulated than others from the continuing chip shortage given \"its status as one of the largest electronics purchasers in the world,\" Daryanani argued, noting that while manufacturing partner Foxconn mentioned some supply issues, that company said that the component shortage would affect a small fraction of customer orders.\nDaryanani is upbeat about Apple's iPhone momentum in China and encouraged by Foxconn's indication that March-quarter performance would be better than what's typically seen for this period. That's consistent with Apple's own projections, he noted. He rates the stock at outperform with a $175 price target.\nWells Fargo's Rakers pointed to \"ongoing positive demand drivers\" but said he was \"reluctant to make a meaningful upside (iPhone-driven) call\" ahead of the release. His iPhone revenue estimate for the quarter is for $38.8 billion, while the FactSet consensus calls for $41.0 billion.\nOutside of the iPhone, Rakers expects that the company continues to see strong demand for iPads and Macs buoyed by at-home dynamics. He'll also be looking for broader commentary on supply issues.\n\"With continued reports of overall semiconductor supply-chain tightness, presumably impacting Apple's Mac and iPad lead times, along with increasing DRAM prices, investors will be focused on Apple's thoughts on overall demand fulfillment and gross margin expectations,\" he wrote, while reiterating an overweight rating on the stock and a $160 target price.\nMorgan Stanley's Huberty has \"high confidence\" that Apple will beat March-quarter expectations and she's also expecting an upbeat outlook.\n\"We believe that much of the consumer and education-market strength that propelled the Mac and iPad to 21% year-over-year and 41% year-over-year growth the December quarter sustained, and even accelerated into the March quarter,\" she wrote, highlighting upbeat third-party Mac data from IDC.\nHuberty forecasts $8.2 billion in Mac revenue and $6.8 billion in iPad revenue for the quarter, significantly above the FactSet consensus, which calls for $6.7 billion and $5.6 billion, respectively. She has an overweight rating and $158 price target on Apple shares.\nApple recently introduced new iPads and iMacs that could allow it to continue capitalizing on at-home trends, though these won't factor into the March-quarter numbers.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375930439,"gmtCreate":1619273340921,"gmtModify":1634287340029,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578492611847076","authorIdStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/375930439","repostId":"1166519043","repostType":4,"isVote":1,"tweetType":1,"viewCount":1731,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376181280,"gmtCreate":1619097781740,"gmtModify":1634288592829,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578492611847076","authorIdStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Liked","listText":"Liked","text":"Liked","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/376181280","repostId":"1147263213","repostType":4,"repost":{"id":"1147263213","kind":"news","pubTimestamp":1619075516,"share":"https://www.laohunote.com/m/news/1147263213?lang=zh_CN&edition=full","pubTime":"2021-04-22 15:11","market":"us","language":"en","title":"Intel Reports Earnings Thursday. Here’s What to Know.<blockquote>英特尔周四公布财报。以下是需要了解的信息。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147263213","media":"Barrons","summary":"Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.As part of the plan, Intel said it would once again license its x86 chip designs to other companies, and create a foundry services unit that would produce chips for third parties interested in paying Intel to fabricate semiconductors.Intel didn’t issue precise new financial guidance for the first quarter, but said it exp","content":"<p>Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.</p><p><blockquote>在英特尔任命首席执行官帕特·基辛格 (Pat Gelsinger) 并推出 200 亿美元扩大制造业务的计划几周后，该公司将公布财报。</blockquote></p><p> Investors already have a solid idea of what the report, due after the close of trading on Thursday, will bring. When Gelsinger unveiled the company’s plans for the future in late March,Intel (ticker: INTC) said it expected full-year earnings of $4 a share from revenue of $76.5 billion. Including various adjustments, such as those related to Intel’s sale of its flash-memory business in 2020, EPS is likely to be $4.55, while revenue is expected to be $72 billion, the company said.</p><p><blockquote>投资者已经对周四收盘后发布的报告将带来什么有了可靠的了解。当基辛格在 3 月底公布公司未来计划时，英特尔（股票代码：INTC）表示，预计全年每股收益为 4 美元，营收为 765 亿美元。该公司表示，包括各种调整，如与英特尔在 2020 年出售闪存业务相关的调整，每股收益可能为 4.55 美元，而收入预计为 720 亿美元。</blockquote></p><p> As part of the plan, Intel said it would once again license its x86 chip designs to other companies, and create a foundry services unit that would produce chips for third parties interested in paying Intel to fabricate semiconductors.</p><p><blockquote>作为该计划的一部分，英特尔表示将再次将其x86芯片设计授权给其他公司，并创建一个代工服务部门，为有兴趣向英特尔支付半导体制造费用的第三方生产芯片。</blockquote></p><p> Intel didn’t issue precise new financial guidance for the first quarter, but said it expected results better than its prior forecast. Previously, Intel said it expected adjusted first-quarter earnings of $1.10 a share and revenue of $17.5 billion. The consensus forecast is for adjusted earnings of $1.15 a share from revenue of $17.74 billion.</p><p><blockquote>英特尔没有发布第一季度精确的新财务指引，但表示预计业绩将好于之前的预测。此前，英特尔表示，预计调整后第一季度每股收益为1.10美元，营收为175亿美元。普遍预测调整后每股收益为 1.15 美元，营收为 177.4 亿美元。</blockquote></p><p> Susquehanna Financial Group analyst Christopher Rolland,who called the company’s full-year guidance “underwhelming,” said he is expecting investors to focus on Gelsinger’s long-term plans for the company, and to look for more details about Intel’s next generation chip-making technology. According to the analyst’s data sources, notebook sales were strong in the first quarter, but it is less clear what’s coming through the rest of the year.</p><p><blockquote>萨斯奎哈纳金融集团（Susquehanna Financial Group）分析师克里斯托弗-罗兰（Christopher Rolland）称该公司的全年业绩指引 “平淡无奇”，他说，他希望投资者关注基辛格对公司的长期计划，并寻找有关英特尔下一代芯片制造技术的更多细节。根据分析师的数据来源，第一季度笔记本电脑销量强劲，但今年剩余时间的情况尚不清楚。</blockquote></p><p> Analysts predict that Intel’s client computing segment, which includes notebook sales, will report first-quarter revenue of $10.02 billion. That is the company’s largest segment, followed by the data center operation, which is expected to report revenue of $5.84 billion.</p><p><blockquote>分析师预测，包括笔记本电脑销售在内的英特尔客户端计算部门第一季度营收将达到 100.2 亿美元。这是该公司最大的部门，其次是数据中心业务，预计收入将达到 58.4 亿美元。</blockquote></p><p> Despite Intel’s decision to double down on its manufacturing capabilities, BMO Capital Markets analyst Ambrish Srivastava wrote in a client note Monday that he isn’t expecting executives to offer details about its goals, and their effect on Intel’s financial performance.</p><p><blockquote>尽管英特尔决定加倍提高制造能力，但蒙特尔银行资本市场分析师安布里什-斯里瓦斯塔瓦（Ambrish Srivastava）周一在一份客户报告中写道，他预计高管们不会提供有关其目标及其对英特尔财务业绩影响的细节。</blockquote></p><p> Still, Srivastava said, investors should watch closely for commentary about the impact to the company’s capital spending, profit, and free cash flow, among other things.</p><p><blockquote>尽管如此，斯里瓦斯塔瓦表示，投资者仍应密切关注有关对公司资本支出、利润和自由现金流等影响的评论。</blockquote></p><p> Intel’s report arrives amid a global shortage of semiconductors that is hurting production of goods ranging from appliances to cars and videogame consoles. Gelsinger has previously told&nbsp;<i>Barron’s</i> that he expects the chip shortage to last two years.</p><p><blockquote>英特尔发布这份报告之际，全球半导体短缺正在损害从家电到汽车和视频游戏机等各种商品的生产。基辛格此前曾表示<i>巴伦</i>他预计芯片短缺将持续两年。</blockquote></p><p> Of the analysts that cover Intel, 43% rate shares at Buy, 34% have Hold ratings, and 23% rate the stock at Sell. The average target for the stock price is $68.71, which implies a return of 8.6%.</p><p><blockquote>在研究英特尔的分析师中，43% 的分析师给予该股买入评级，34% 的分析师给予持有评级，23% 的分析师给予该股卖出评级。股价平均目标为68.71美元，这意味着回报率为8.6%。</blockquote></p><p> Intel stock advanced 1.6% to $63.70 in Wednesday trading. Shares in the chip maker have gained 12% in the past year, while the PHLX Semiconductor index, or Sox, has doubled.</p><p><blockquote>周三交易中，英特尔股价上涨 1.6%，至 63.70 美元。这家芯片制造商的股价在过去一年上涨了 12%，而 PHLX 半导体指数 (Sox) 则翻了一番。</blockquote></p><p> Rolland pointed out that since Intel’s most recent quarterly report, its stock has gained 14%, while the Sox rose 5.8%. The analyst said that outperformance may indicate that expectations for the earnings are high, a potential negative for the stock.</p><p><blockquote>罗兰指出，自英特尔最新季度报告发布以来，其股价上涨了 14%，而 Sox 上涨了 5.8%。该分析师表示，跑赢大盘可能表明人们对盈利的预期很高，这对该股来说可能是不利的。</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>Intel Reports Earnings Thursday. Here’s What to Know.<blockquote>英特尔周四公布财报。以下是需要了解的信息。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel Reports Earnings Thursday. Here’s What to Know.<blockquote>英特尔周四公布财报。以下是需要了解的信息。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-04-22 15:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.</p><p><blockquote>在英特尔任命首席执行官帕特·基辛格 (Pat Gelsinger) 并推出 200 亿美元扩大制造业务的计划几周后，该公司将公布财报。</blockquote></p><p> Investors already have a solid idea of what the report, due after the close of trading on Thursday, will bring. When Gelsinger unveiled the company’s plans for the future in late March,Intel (ticker: INTC) said it expected full-year earnings of $4 a share from revenue of $76.5 billion. Including various adjustments, such as those related to Intel’s sale of its flash-memory business in 2020, EPS is likely to be $4.55, while revenue is expected to be $72 billion, the company said.</p><p><blockquote>投资者已经对周四收盘后发布的报告将带来什么有了可靠的了解。当基辛格在 3 月底公布公司未来计划时，英特尔（股票代码：INTC）表示，预计全年每股收益为 4 美元，营收为 765 亿美元。该公司表示，包括各种调整，如与英特尔在 2020 年出售闪存业务相关的调整，每股收益可能为 4.55 美元，而收入预计为 720 亿美元。</blockquote></p><p> As part of the plan, Intel said it would once again license its x86 chip designs to other companies, and create a foundry services unit that would produce chips for third parties interested in paying Intel to fabricate semiconductors.</p><p><blockquote>作为该计划的一部分，英特尔表示将再次将其x86芯片设计授权给其他公司，并创建一个代工服务部门，为有兴趣向英特尔支付半导体制造费用的第三方生产芯片。</blockquote></p><p> Intel didn’t issue precise new financial guidance for the first quarter, but said it expected results better than its prior forecast. Previously, Intel said it expected adjusted first-quarter earnings of $1.10 a share and revenue of $17.5 billion. The consensus forecast is for adjusted earnings of $1.15 a share from revenue of $17.74 billion.</p><p><blockquote>英特尔没有发布第一季度精确的新财务指引，但表示预计业绩将好于之前的预测。此前，英特尔表示，预计调整后第一季度每股收益为1.10美元，营收为175亿美元。普遍预测调整后每股收益为 1.15 美元，营收为 177.4 亿美元。</blockquote></p><p> Susquehanna Financial Group analyst Christopher Rolland,who called the company’s full-year guidance “underwhelming,” said he is expecting investors to focus on Gelsinger’s long-term plans for the company, and to look for more details about Intel’s next generation chip-making technology. According to the analyst’s data sources, notebook sales were strong in the first quarter, but it is less clear what’s coming through the rest of the year.</p><p><blockquote>萨斯奎哈纳金融集团（Susquehanna Financial Group）分析师克里斯托弗-罗兰（Christopher Rolland）称该公司的全年业绩指引 “平淡无奇”，他说，他希望投资者关注基辛格对公司的长期计划，并寻找有关英特尔下一代芯片制造技术的更多细节。根据分析师的数据来源，第一季度笔记本电脑销量强劲，但今年剩余时间的情况尚不清楚。</blockquote></p><p> Analysts predict that Intel’s client computing segment, which includes notebook sales, will report first-quarter revenue of $10.02 billion. That is the company’s largest segment, followed by the data center operation, which is expected to report revenue of $5.84 billion.</p><p><blockquote>分析师预测，包括笔记本电脑销售在内的英特尔客户端计算部门第一季度营收将达到 100.2 亿美元。这是该公司最大的部门，其次是数据中心业务，预计收入将达到 58.4 亿美元。</blockquote></p><p> Despite Intel’s decision to double down on its manufacturing capabilities, BMO Capital Markets analyst Ambrish Srivastava wrote in a client note Monday that he isn’t expecting executives to offer details about its goals, and their effect on Intel’s financial performance.</p><p><blockquote>尽管英特尔决定加倍提高制造能力，但蒙特尔银行资本市场分析师安布里什-斯里瓦斯塔瓦（Ambrish Srivastava）周一在一份客户报告中写道，他预计高管们不会提供有关其目标及其对英特尔财务业绩影响的细节。</blockquote></p><p> Still, Srivastava said, investors should watch closely for commentary about the impact to the company’s capital spending, profit, and free cash flow, among other things.</p><p><blockquote>尽管如此，斯里瓦斯塔瓦表示，投资者仍应密切关注有关对公司资本支出、利润和自由现金流等影响的评论。</blockquote></p><p> Intel’s report arrives amid a global shortage of semiconductors that is hurting production of goods ranging from appliances to cars and videogame consoles. Gelsinger has previously told&nbsp;<i>Barron’s</i> that he expects the chip shortage to last two years.</p><p><blockquote>英特尔发布这份报告之际，全球半导体短缺正在损害从家电到汽车和视频游戏机等各种商品的生产。基辛格此前曾表示<i>巴伦</i>他预计芯片短缺将持续两年。</blockquote></p><p> Of the analysts that cover Intel, 43% rate shares at Buy, 34% have Hold ratings, and 23% rate the stock at Sell. The average target for the stock price is $68.71, which implies a return of 8.6%.</p><p><blockquote>在研究英特尔的分析师中，43% 的分析师给予该股买入评级，34% 的分析师给予持有评级，23% 的分析师给予该股卖出评级。股价平均目标为68.71美元，这意味着回报率为8.6%。</blockquote></p><p> Intel stock advanced 1.6% to $63.70 in Wednesday trading. Shares in the chip maker have gained 12% in the past year, while the PHLX Semiconductor index, or Sox, has doubled.</p><p><blockquote>周三交易中，英特尔股价上涨 1.6%，至 63.70 美元。这家芯片制造商的股价在过去一年上涨了 12%，而 PHLX 半导体指数 (Sox) 则翻了一番。</blockquote></p><p> Rolland pointed out that since Intel’s most recent quarterly report, its stock has gained 14%, while the Sox rose 5.8%. The analyst said that outperformance may indicate that expectations for the earnings are high, a potential negative for the stock.</p><p><blockquote>罗兰指出，自英特尔最新季度报告发布以来，其股价上涨了 14%，而 Sox 上涨了 5.8%。该分析师表示，跑赢大盘可能表明人们对盈利的预期很高，这对该股来说可能是不利的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/intel-reports-earnings-thursday-heres-what-to-know-51619037330?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":{"INTC":"英特尔"},"source_url":"https://www.barrons.com/articles/intel-reports-earnings-thursday-heres-what-to-know-51619037330?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147263213","content_text":"Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.\nInvestors already have a solid idea of what the report, due after the close of trading on Thursday, will bring. When Gelsinger unveiled the company’s plans for the future in late March,Intel (ticker: INTC) said it expected full-year earnings of $4 a share from revenue of $76.5 billion. Including various adjustments, such as those related to Intel’s sale of its flash-memory business in 2020, EPS is likely to be $4.55, while revenue is expected to be $72 billion, the company said.\nAs part of the plan, Intel said it would once again license its x86 chip designs to other companies, and create a foundry services unit that would produce chips for third parties interested in paying Intel to fabricate semiconductors.\nIntel didn’t issue precise new financial guidance for the first quarter, but said it expected results better than its prior forecast. Previously, Intel said it expected adjusted first-quarter earnings of $1.10 a share and revenue of $17.5 billion. The consensus forecast is for adjusted earnings of $1.15 a share from revenue of $17.74 billion.\nSusquehanna Financial Group analyst Christopher Rolland,who called the company’s full-year guidance “underwhelming,” said he is expecting investors to focus on Gelsinger’s long-term plans for the company, and to look for more details about Intel’s next generation chip-making technology. According to the analyst’s data sources, notebook sales were strong in the first quarter, but it is less clear what’s coming through the rest of the year.\nAnalysts predict that Intel’s client computing segment, which includes notebook sales, will report first-quarter revenue of $10.02 billion. That is the company’s largest segment, followed by the data center operation, which is expected to report revenue of $5.84 billion.\nDespite Intel’s decision to double down on its manufacturing capabilities, BMO Capital Markets analyst Ambrish Srivastava wrote in a client note Monday that he isn’t expecting executives to offer details about its goals, and their effect on Intel’s financial performance.\nStill, Srivastava said, investors should watch closely for commentary about the impact to the company’s capital spending, profit, and free cash flow, among other things.\nIntel’s report arrives amid a global shortage of semiconductors that is hurting production of goods ranging from appliances to cars and videogame consoles. Gelsinger has previously told Barron’s that he expects the chip shortage to last two years.\nOf the analysts that cover Intel, 43% rate shares at Buy, 34% have Hold ratings, and 23% rate the stock at Sell. The average target for the stock price is $68.71, which implies a return of 8.6%.\nIntel stock advanced 1.6% to $63.70 in Wednesday trading. Shares in the chip maker have gained 12% in the past year, while the PHLX Semiconductor index, or Sox, has doubled.\nRolland pointed out that since Intel’s most recent quarterly report, its stock has gained 14%, while the Sox rose 5.8%. The analyst said that outperformance may indicate that expectations for the earnings are high, a potential negative for the stock.","news_type":1,"symbols_score_info":{"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":1448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376189771,"gmtCreate":1619097681493,"gmtModify":1634288593887,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578492611847076","authorIdStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376189771","repostId":"2129385714","repostType":4,"isVote":1,"tweetType":1,"viewCount":1682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376180969,"gmtCreate":1619097580651,"gmtModify":1634288594827,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578492611847076","authorIdStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Yes its good","listText":"Yes its good","text":"Yes its good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376180969","repostId":"1172040780","repostType":4,"repost":{"id":"1172040780","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1619096972,"share":"https://www.laohunote.com/m/news/1172040780?lang=zh_CN&edition=full","pubTime":"2021-04-22 21:09","market":"us","language":"en","title":"3 EV Stocks That Are At Important Support Levels And Could Rebound<blockquote>3只处于重要支撑位并可能反弹的电动汽车股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172040780","media":"Benzinga Earnings","summary":"Electric vehicle companies NIO Inc. ,Tesla,Inc. , and Nikola Corporation  are all trading close to support. This means there is a good chance they rally.Support is a concentration of buyers who have gathered at the same price level. At support levels, there is more demand for the stock than there is supply. Sellers can sell all they need to with no fear of pushing the price lower.Sometimes, stocks rally after they fall to support. This happens when some of the market participants decide to pay h","content":"<p><img src=\"https://static.tigerbbs.com/c1474f81bdbd94c87c3c2fd7c6b2c663\" tg-width=\"1200\" tg-height=\"630\"></p><p><blockquote></blockquote></p><p> Electric vehicle companies&nbsp;<b>NIO Inc.</b>&nbsp;(NYSE:NIO),<b>Tesla</b>,<b>Inc.</b>&nbsp;(NASDAQ:TSLA), and&nbsp;<b>Nikola Corporation</b>&nbsp;(NASDAQ:NKLA) are all trading close to support. This means there is a good chance they rally.</p><p><blockquote>电动汽车公司<b>蔚来</b>（纽约证券交易所代码：蔚来汽车），<b>特斯拉</b>,<b>公司。</b>（纳斯达克股票代码：TSLA），以及<b>尼古拉公司</b>（纳斯达克股票代码：NKLA）均接近支撑位。这意味着他们很有可能反弹。</blockquote></p><p> Support is a concentration of buyers who have gathered at the same price level. At support levels, there is more demand for the stock than there is supply. Sellers can sell all they need to with no fear of pushing the price lower.</p><p><blockquote>支撑是聚集在同一价格水平上的买家的集中。在支撑位，对股票的需求多于供应。卖家可以出售他们需要的一切，而不用担心压低价格。</blockquote></p><p> Downtrends end when they reach support levels.</p><p><blockquote>当下降趋势达到支撑位时，下降趋势就结束了。</blockquote></p><p> Sometimes, stocks rally after they fall to support. This happens when some of the market participants decide to pay higher prices. These investors think the large buyers who created the support will eventually drive the stock higher. They want to get ahead of them.</p><p><blockquote>有时，股票在下跌至支撑位后反弹。当一些市场参与者决定支付更高的价格时，就会发生这种情况。这些投资者认为，创造支撑的大买家最终将推高股价。他们想走在他们前面。</blockquote></p><p> Nio has held support around the $35 level. It also reached this level in early and mid-March. Both times, a small rebound followed and that could happen again.</p><p><blockquote>蔚来在 35 美元附近获得支撑。3月上中旬也达到了这个水平。两次都出现了小幅反弹，而且这种情况可能会再次发生。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0f08d2b7d5a4ce9f09e0f8a96d111469\" tg-width=\"1528\" tg-height=\"816\"></p><p><blockquote></blockquote></p><p> Tesla has held support around the $700 level. There is support at $700 because it was a resistance level and levels that were resistance can turn into support.</p><p><blockquote>特斯拉在 700 美元附近获得支撑。700美元有支撑，因为这是一个阻力位，阻力位可以变成支撑。</blockquote></p><p> This happens because many of the investors who sold their shares at $700 believe they made a mistake when the shares traded higher afterward. A number of these investors decide to buy the stock back, but they will only do so if they can get it for the same price they sold at.</p><p><blockquote>发生这种情况是因为许多以 700 美元出售股票的投资者认为，当股票随后走高时，他们犯了一个错误。这些投资者中的许多人决定回购股票，但他们只有在能以相同的价格买到股票时才会这样做。</blockquote></p><p> As a result, buy orders are placed at a level that had been resistance, which&nbsp;will create support. If there are enough of these buy orders, the level will turn into a support level. That’s the case here.</p><p><blockquote>因此，买单是在阻力位下的，这将创造支撑。如果这些买单足够多，该水平将变成支撑位。这里就是这种情况。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/16bc657cff0abad9f5cbacb644ad799c\" tg-width=\"1519\" tg-height=\"821\"></p><p><blockquote></blockquote></p><p> Shares of Nikola have come full circle.</p><p><blockquote>尼古拉的股价已经回到了原点。</blockquote></p><p> Last April, they were trading around $10 and&nbsp;soared to more than $90 in June.&nbsp;Since then, the stock has&nbsp;trended lower and is&nbsp;trading at $10 once again.</p><p><blockquote>去年4月，它们的交易价格在10美元左右，6月份飙升至90多美元。从那以后，该股一直呈下降趋势，再次以10美元的价格交易价格交易。</blockquote></p><p> There’s support at $10 because investors like to place their orders at even numbers. After the steep decline, there's a chance&nbsp;shares stage some type of rebound.</p><p><blockquote>10 美元有支撑，因为投资者喜欢以偶数下单。在大幅下跌之后，股市有可能出现某种类型的反弹。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4eac22ac2bd93e4ebad3120cc1f95348\" tg-width=\"1526\" tg-height=\"812\"></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>3 EV Stocks That Are At Important Support Levels And Could Rebound<blockquote>3只处于重要支撑位并可能反弹的电动汽车股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 EV Stocks That Are At Important Support Levels And Could Rebound<blockquote>3只处于重要支撑位并可能反弹的电动汽车股票</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 Earnings </p>\n<p class=\"h-time smaller\">2021-04-22 21:09</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/c1474f81bdbd94c87c3c2fd7c6b2c663\" tg-width=\"1200\" tg-height=\"630\"></p><p><blockquote></blockquote></p><p> Electric vehicle companies&nbsp;<b>NIO Inc.</b>&nbsp;(NYSE:NIO),<b>Tesla</b>,<b>Inc.</b>&nbsp;(NASDAQ:TSLA), and&nbsp;<b>Nikola Corporation</b>&nbsp;(NASDAQ:NKLA) are all trading close to support. This means there is a good chance they rally.</p><p><blockquote>电动汽车公司<b>蔚来</b>（纽约证券交易所代码：蔚来汽车），<b>特斯拉</b>,<b>公司。</b>（纳斯达克股票代码：TSLA），以及<b>尼古拉公司</b>（纳斯达克股票代码：NKLA）均接近支撑位。这意味着他们很有可能反弹。</blockquote></p><p> Support is a concentration of buyers who have gathered at the same price level. At support levels, there is more demand for the stock than there is supply. Sellers can sell all they need to with no fear of pushing the price lower.</p><p><blockquote>支撑是聚集在同一价格水平上的买家的集中。在支撑位，对股票的需求多于供应。卖家可以出售他们需要的一切，而不用担心压低价格。</blockquote></p><p> Downtrends end when they reach support levels.</p><p><blockquote>当下降趋势达到支撑位时，下降趋势就结束了。</blockquote></p><p> Sometimes, stocks rally after they fall to support. This happens when some of the market participants decide to pay higher prices. These investors think the large buyers who created the support will eventually drive the stock higher. They want to get ahead of them.</p><p><blockquote>有时，股票在下跌至支撑位后反弹。当一些市场参与者决定支付更高的价格时，就会发生这种情况。这些投资者认为，创造支撑的大买家最终将推高股价。他们想走在他们前面。</blockquote></p><p> Nio has held support around the $35 level. It also reached this level in early and mid-March. Both times, a small rebound followed and that could happen again.</p><p><blockquote>蔚来在 35 美元附近获得支撑。3月上中旬也达到了这个水平。两次都出现了小幅反弹，而且这种情况可能会再次发生。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0f08d2b7d5a4ce9f09e0f8a96d111469\" tg-width=\"1528\" tg-height=\"816\"></p><p><blockquote></blockquote></p><p> Tesla has held support around the $700 level. There is support at $700 because it was a resistance level and levels that were resistance can turn into support.</p><p><blockquote>特斯拉在 700 美元附近获得支撑。700美元有支撑，因为这是一个阻力位，阻力位可以变成支撑。</blockquote></p><p> This happens because many of the investors who sold their shares at $700 believe they made a mistake when the shares traded higher afterward. A number of these investors decide to buy the stock back, but they will only do so if they can get it for the same price they sold at.</p><p><blockquote>发生这种情况是因为许多以 700 美元出售股票的投资者认为，当股票随后走高时，他们犯了一个错误。这些投资者中的许多人决定回购股票，但他们只有在能以相同的价格买到股票时才会这样做。</blockquote></p><p> As a result, buy orders are placed at a level that had been resistance, which&nbsp;will create support. If there are enough of these buy orders, the level will turn into a support level. That’s the case here.</p><p><blockquote>因此，买单是在阻力位下的，这将创造支撑。如果这些买单足够多，该水平将变成支撑位。这里就是这种情况。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/16bc657cff0abad9f5cbacb644ad799c\" tg-width=\"1519\" tg-height=\"821\"></p><p><blockquote></blockquote></p><p> Shares of Nikola have come full circle.</p><p><blockquote>尼古拉的股价已经回到了原点。</blockquote></p><p> Last April, they were trading around $10 and&nbsp;soared to more than $90 in June.&nbsp;Since then, the stock has&nbsp;trended lower and is&nbsp;trading at $10 once again.</p><p><blockquote>去年4月，它们的交易价格在10美元左右，6月份飙升至90多美元。从那以后，该股一直呈下降趋势，再次以10美元的价格交易价格交易。</blockquote></p><p> There’s support at $10 because investors like to place their orders at even numbers. After the steep decline, there's a chance&nbsp;shares stage some type of rebound.</p><p><blockquote>10 美元有支撑，因为投资者喜欢以偶数下单。在大幅下跌之后，股市有可能出现某种类型的反弹。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4eac22ac2bd93e4ebad3120cc1f95348\" tg-width=\"1526\" tg-height=\"812\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172040780","content_text":"Electric vehicle companies NIO Inc. (NYSE:NIO),Tesla,Inc. (NASDAQ:TSLA), and Nikola Corporation (NASDAQ:NKLA) are all trading close to support. This means there is a good chance they rally.\nSupport is a concentration of buyers who have gathered at the same price level. At support levels, there is more demand for the stock than there is supply. Sellers can sell all they need to with no fear of pushing the price lower.\nDowntrends end when they reach support levels.\nSometimes, stocks rally after they fall to support. This happens when some of the market participants decide to pay higher prices. These investors think the large buyers who created the support will eventually drive the stock higher. They want to get ahead of them.\nNio has held support around the $35 level. It also reached this level in early and mid-March. Both times, a small rebound followed and that could happen again.\n\nTesla has held support around the $700 level. There is support at $700 because it was a resistance level and levels that were resistance can turn into support.\nThis happens because many of the investors who sold their shares at $700 believe they made a mistake when the shares traded higher afterward. A number of these investors decide to buy the stock back, but they will only do so if they can get it for the same price they sold at.\nAs a result, buy orders are placed at a level that had been resistance, which will create support. If there are enough of these buy orders, the level will turn into a support level. That’s the case here.\n\nShares of Nikola have come full circle.\nLast April, they were trading around $10 and soared to more than $90 in June. Since then, the stock has trended lower and is trading at $10 once again.\nThere’s support at $10 because investors like to place their orders at even numbers. After the steep decline, there's a chance shares stage some type of rebound.","news_type":1,"symbols_score_info":{"TSLA":0.9,"NKLA":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":765,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":376181280,"gmtCreate":1619097781740,"gmtModify":1634288592829,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578492611847076","idStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Liked","listText":"Liked","text":"Liked","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/376181280","repostId":"1147263213","repostType":4,"repost":{"id":"1147263213","kind":"news","pubTimestamp":1619075516,"share":"https://www.laohunote.com/m/news/1147263213?lang=zh_CN&edition=full","pubTime":"2021-04-22 15:11","market":"us","language":"en","title":"Intel Reports Earnings Thursday. Here’s What to Know.<blockquote>英特尔周四公布财报。以下是需要了解的信息。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147263213","media":"Barrons","summary":"Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.As part of the plan, Intel said it would once again license its x86 chip designs to other companies, and create a foundry services unit that would produce chips for third parties interested in paying Intel to fabricate semiconductors.Intel didn’t issue precise new financial guidance for the first quarter, but said it exp","content":"<p>Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.</p><p><blockquote>在英特尔任命首席执行官帕特·基辛格 (Pat Gelsinger) 并推出 200 亿美元扩大制造业务的计划几周后，该公司将公布财报。</blockquote></p><p> Investors already have a solid idea of what the report, due after the close of trading on Thursday, will bring. When Gelsinger unveiled the company’s plans for the future in late March,Intel (ticker: INTC) said it expected full-year earnings of $4 a share from revenue of $76.5 billion. Including various adjustments, such as those related to Intel’s sale of its flash-memory business in 2020, EPS is likely to be $4.55, while revenue is expected to be $72 billion, the company said.</p><p><blockquote>投资者已经对周四收盘后发布的报告将带来什么有了可靠的了解。当基辛格在 3 月底公布公司未来计划时，英特尔（股票代码：INTC）表示，预计全年每股收益为 4 美元，营收为 765 亿美元。该公司表示，包括各种调整，如与英特尔在 2020 年出售闪存业务相关的调整，每股收益可能为 4.55 美元，而收入预计为 720 亿美元。</blockquote></p><p> As part of the plan, Intel said it would once again license its x86 chip designs to other companies, and create a foundry services unit that would produce chips for third parties interested in paying Intel to fabricate semiconductors.</p><p><blockquote>作为该计划的一部分，英特尔表示将再次将其x86芯片设计授权给其他公司，并创建一个代工服务部门，为有兴趣向英特尔支付半导体制造费用的第三方生产芯片。</blockquote></p><p> Intel didn’t issue precise new financial guidance for the first quarter, but said it expected results better than its prior forecast. Previously, Intel said it expected adjusted first-quarter earnings of $1.10 a share and revenue of $17.5 billion. The consensus forecast is for adjusted earnings of $1.15 a share from revenue of $17.74 billion.</p><p><blockquote>英特尔没有发布第一季度精确的新财务指引，但表示预计业绩将好于之前的预测。此前，英特尔表示，预计调整后第一季度每股收益为1.10美元，营收为175亿美元。普遍预测调整后每股收益为 1.15 美元，营收为 177.4 亿美元。</blockquote></p><p> Susquehanna Financial Group analyst Christopher Rolland,who called the company’s full-year guidance “underwhelming,” said he is expecting investors to focus on Gelsinger’s long-term plans for the company, and to look for more details about Intel’s next generation chip-making technology. According to the analyst’s data sources, notebook sales were strong in the first quarter, but it is less clear what’s coming through the rest of the year.</p><p><blockquote>萨斯奎哈纳金融集团（Susquehanna Financial Group）分析师克里斯托弗-罗兰（Christopher Rolland）称该公司的全年业绩指引 “平淡无奇”，他说，他希望投资者关注基辛格对公司的长期计划，并寻找有关英特尔下一代芯片制造技术的更多细节。根据分析师的数据来源，第一季度笔记本电脑销量强劲，但今年剩余时间的情况尚不清楚。</blockquote></p><p> Analysts predict that Intel’s client computing segment, which includes notebook sales, will report first-quarter revenue of $10.02 billion. That is the company’s largest segment, followed by the data center operation, which is expected to report revenue of $5.84 billion.</p><p><blockquote>分析师预测，包括笔记本电脑销售在内的英特尔客户端计算部门第一季度营收将达到 100.2 亿美元。这是该公司最大的部门，其次是数据中心业务，预计收入将达到 58.4 亿美元。</blockquote></p><p> Despite Intel’s decision to double down on its manufacturing capabilities, BMO Capital Markets analyst Ambrish Srivastava wrote in a client note Monday that he isn’t expecting executives to offer details about its goals, and their effect on Intel’s financial performance.</p><p><blockquote>尽管英特尔决定加倍提高制造能力，但蒙特尔银行资本市场分析师安布里什-斯里瓦斯塔瓦（Ambrish Srivastava）周一在一份客户报告中写道，他预计高管们不会提供有关其目标及其对英特尔财务业绩影响的细节。</blockquote></p><p> Still, Srivastava said, investors should watch closely for commentary about the impact to the company’s capital spending, profit, and free cash flow, among other things.</p><p><blockquote>尽管如此，斯里瓦斯塔瓦表示，投资者仍应密切关注有关对公司资本支出、利润和自由现金流等影响的评论。</blockquote></p><p> Intel’s report arrives amid a global shortage of semiconductors that is hurting production of goods ranging from appliances to cars and videogame consoles. Gelsinger has previously told&nbsp;<i>Barron’s</i> that he expects the chip shortage to last two years.</p><p><blockquote>英特尔发布这份报告之际，全球半导体短缺正在损害从家电到汽车和视频游戏机等各种商品的生产。基辛格此前曾表示<i>巴伦</i>他预计芯片短缺将持续两年。</blockquote></p><p> Of the analysts that cover Intel, 43% rate shares at Buy, 34% have Hold ratings, and 23% rate the stock at Sell. The average target for the stock price is $68.71, which implies a return of 8.6%.</p><p><blockquote>在研究英特尔的分析师中，43% 的分析师给予该股买入评级，34% 的分析师给予持有评级，23% 的分析师给予该股卖出评级。股价平均目标为68.71美元，这意味着回报率为8.6%。</blockquote></p><p> Intel stock advanced 1.6% to $63.70 in Wednesday trading. Shares in the chip maker have gained 12% in the past year, while the PHLX Semiconductor index, or Sox, has doubled.</p><p><blockquote>周三交易中，英特尔股价上涨 1.6%，至 63.70 美元。这家芯片制造商的股价在过去一年上涨了 12%，而 PHLX 半导体指数 (Sox) 则翻了一番。</blockquote></p><p> Rolland pointed out that since Intel’s most recent quarterly report, its stock has gained 14%, while the Sox rose 5.8%. The analyst said that outperformance may indicate that expectations for the earnings are high, a potential negative for the stock.</p><p><blockquote>罗兰指出，自英特尔最新季度报告发布以来，其股价上涨了 14%，而 Sox 上涨了 5.8%。该分析师表示，跑赢大盘可能表明人们对盈利的预期很高，这对该股来说可能是不利的。</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>Intel Reports Earnings Thursday. Here’s What to Know.<blockquote>英特尔周四公布财报。以下是需要了解的信息。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel Reports Earnings Thursday. Here’s What to Know.<blockquote>英特尔周四公布财报。以下是需要了解的信息。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-04-22 15:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.</p><p><blockquote>在英特尔任命首席执行官帕特·基辛格 (Pat Gelsinger) 并推出 200 亿美元扩大制造业务的计划几周后，该公司将公布财报。</blockquote></p><p> Investors already have a solid idea of what the report, due after the close of trading on Thursday, will bring. When Gelsinger unveiled the company’s plans for the future in late March,Intel (ticker: INTC) said it expected full-year earnings of $4 a share from revenue of $76.5 billion. Including various adjustments, such as those related to Intel’s sale of its flash-memory business in 2020, EPS is likely to be $4.55, while revenue is expected to be $72 billion, the company said.</p><p><blockquote>投资者已经对周四收盘后发布的报告将带来什么有了可靠的了解。当基辛格在 3 月底公布公司未来计划时，英特尔（股票代码：INTC）表示，预计全年每股收益为 4 美元，营收为 765 亿美元。该公司表示，包括各种调整，如与英特尔在 2020 年出售闪存业务相关的调整，每股收益可能为 4.55 美元，而收入预计为 720 亿美元。</blockquote></p><p> As part of the plan, Intel said it would once again license its x86 chip designs to other companies, and create a foundry services unit that would produce chips for third parties interested in paying Intel to fabricate semiconductors.</p><p><blockquote>作为该计划的一部分，英特尔表示将再次将其x86芯片设计授权给其他公司，并创建一个代工服务部门，为有兴趣向英特尔支付半导体制造费用的第三方生产芯片。</blockquote></p><p> Intel didn’t issue precise new financial guidance for the first quarter, but said it expected results better than its prior forecast. Previously, Intel said it expected adjusted first-quarter earnings of $1.10 a share and revenue of $17.5 billion. The consensus forecast is for adjusted earnings of $1.15 a share from revenue of $17.74 billion.</p><p><blockquote>英特尔没有发布第一季度精确的新财务指引，但表示预计业绩将好于之前的预测。此前，英特尔表示，预计调整后第一季度每股收益为1.10美元，营收为175亿美元。普遍预测调整后每股收益为 1.15 美元，营收为 177.4 亿美元。</blockquote></p><p> Susquehanna Financial Group analyst Christopher Rolland,who called the company’s full-year guidance “underwhelming,” said he is expecting investors to focus on Gelsinger’s long-term plans for the company, and to look for more details about Intel’s next generation chip-making technology. According to the analyst’s data sources, notebook sales were strong in the first quarter, but it is less clear what’s coming through the rest of the year.</p><p><blockquote>萨斯奎哈纳金融集团（Susquehanna Financial Group）分析师克里斯托弗-罗兰（Christopher Rolland）称该公司的全年业绩指引 “平淡无奇”，他说，他希望投资者关注基辛格对公司的长期计划，并寻找有关英特尔下一代芯片制造技术的更多细节。根据分析师的数据来源，第一季度笔记本电脑销量强劲，但今年剩余时间的情况尚不清楚。</blockquote></p><p> Analysts predict that Intel’s client computing segment, which includes notebook sales, will report first-quarter revenue of $10.02 billion. That is the company’s largest segment, followed by the data center operation, which is expected to report revenue of $5.84 billion.</p><p><blockquote>分析师预测，包括笔记本电脑销售在内的英特尔客户端计算部门第一季度营收将达到 100.2 亿美元。这是该公司最大的部门，其次是数据中心业务，预计收入将达到 58.4 亿美元。</blockquote></p><p> Despite Intel’s decision to double down on its manufacturing capabilities, BMO Capital Markets analyst Ambrish Srivastava wrote in a client note Monday that he isn’t expecting executives to offer details about its goals, and their effect on Intel’s financial performance.</p><p><blockquote>尽管英特尔决定加倍提高制造能力，但蒙特尔银行资本市场分析师安布里什-斯里瓦斯塔瓦（Ambrish Srivastava）周一在一份客户报告中写道，他预计高管们不会提供有关其目标及其对英特尔财务业绩影响的细节。</blockquote></p><p> Still, Srivastava said, investors should watch closely for commentary about the impact to the company’s capital spending, profit, and free cash flow, among other things.</p><p><blockquote>尽管如此，斯里瓦斯塔瓦表示，投资者仍应密切关注有关对公司资本支出、利润和自由现金流等影响的评论。</blockquote></p><p> Intel’s report arrives amid a global shortage of semiconductors that is hurting production of goods ranging from appliances to cars and videogame consoles. Gelsinger has previously told&nbsp;<i>Barron’s</i> that he expects the chip shortage to last two years.</p><p><blockquote>英特尔发布这份报告之际，全球半导体短缺正在损害从家电到汽车和视频游戏机等各种商品的生产。基辛格此前曾表示<i>巴伦</i>他预计芯片短缺将持续两年。</blockquote></p><p> Of the analysts that cover Intel, 43% rate shares at Buy, 34% have Hold ratings, and 23% rate the stock at Sell. The average target for the stock price is $68.71, which implies a return of 8.6%.</p><p><blockquote>在研究英特尔的分析师中，43% 的分析师给予该股买入评级，34% 的分析师给予持有评级，23% 的分析师给予该股卖出评级。股价平均目标为68.71美元，这意味着回报率为8.6%。</blockquote></p><p> Intel stock advanced 1.6% to $63.70 in Wednesday trading. Shares in the chip maker have gained 12% in the past year, while the PHLX Semiconductor index, or Sox, has doubled.</p><p><blockquote>周三交易中，英特尔股价上涨 1.6%，至 63.70 美元。这家芯片制造商的股价在过去一年上涨了 12%，而 PHLX 半导体指数 (Sox) 则翻了一番。</blockquote></p><p> Rolland pointed out that since Intel’s most recent quarterly report, its stock has gained 14%, while the Sox rose 5.8%. The analyst said that outperformance may indicate that expectations for the earnings are high, a potential negative for the stock.</p><p><blockquote>罗兰指出，自英特尔最新季度报告发布以来，其股价上涨了 14%，而 Sox 上涨了 5.8%。该分析师表示，跑赢大盘可能表明人们对盈利的预期很高，这对该股来说可能是不利的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/intel-reports-earnings-thursday-heres-what-to-know-51619037330?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":{"INTC":"英特尔"},"source_url":"https://www.barrons.com/articles/intel-reports-earnings-thursday-heres-what-to-know-51619037330?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147263213","content_text":"Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.\nInvestors already have a solid idea of what the report, due after the close of trading on Thursday, will bring. When Gelsinger unveiled the company’s plans for the future in late March,Intel (ticker: INTC) said it expected full-year earnings of $4 a share from revenue of $76.5 billion. Including various adjustments, such as those related to Intel’s sale of its flash-memory business in 2020, EPS is likely to be $4.55, while revenue is expected to be $72 billion, the company said.\nAs part of the plan, Intel said it would once again license its x86 chip designs to other companies, and create a foundry services unit that would produce chips for third parties interested in paying Intel to fabricate semiconductors.\nIntel didn’t issue precise new financial guidance for the first quarter, but said it expected results better than its prior forecast. Previously, Intel said it expected adjusted first-quarter earnings of $1.10 a share and revenue of $17.5 billion. The consensus forecast is for adjusted earnings of $1.15 a share from revenue of $17.74 billion.\nSusquehanna Financial Group analyst Christopher Rolland,who called the company’s full-year guidance “underwhelming,” said he is expecting investors to focus on Gelsinger’s long-term plans for the company, and to look for more details about Intel’s next generation chip-making technology. According to the analyst’s data sources, notebook sales were strong in the first quarter, but it is less clear what’s coming through the rest of the year.\nAnalysts predict that Intel’s client computing segment, which includes notebook sales, will report first-quarter revenue of $10.02 billion. That is the company’s largest segment, followed by the data center operation, which is expected to report revenue of $5.84 billion.\nDespite Intel’s decision to double down on its manufacturing capabilities, BMO Capital Markets analyst Ambrish Srivastava wrote in a client note Monday that he isn’t expecting executives to offer details about its goals, and their effect on Intel’s financial performance.\nStill, Srivastava said, investors should watch closely for commentary about the impact to the company’s capital spending, profit, and free cash flow, among other things.\nIntel’s report arrives amid a global shortage of semiconductors that is hurting production of goods ranging from appliances to cars and videogame consoles. Gelsinger has previously told Barron’s that he expects the chip shortage to last two years.\nOf the analysts that cover Intel, 43% rate shares at Buy, 34% have Hold ratings, and 23% rate the stock at Sell. The average target for the stock price is $68.71, which implies a return of 8.6%.\nIntel stock advanced 1.6% to $63.70 in Wednesday trading. Shares in the chip maker have gained 12% in the past year, while the PHLX Semiconductor index, or Sox, has doubled.\nRolland pointed out that since Intel’s most recent quarterly report, its stock has gained 14%, while the Sox rose 5.8%. The analyst said that outperformance may indicate that expectations for the earnings are high, a potential negative for the stock.","news_type":1,"symbols_score_info":{"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":1448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199190803,"gmtCreate":1620689738302,"gmtModify":1634197176556,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578492611847076","idStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/199190803","repostId":"2134551566","repostType":4,"isVote":1,"tweetType":1,"viewCount":1239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375930439,"gmtCreate":1619273340921,"gmtModify":1634287340029,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578492611847076","idStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/375930439","repostId":"1166519043","repostType":4,"isVote":1,"tweetType":1,"viewCount":1731,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375504109,"gmtCreate":1619357012301,"gmtModify":1634274037494,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578492611847076","idStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/375504109","repostId":"2129680033","repostType":4,"repost":{"id":"2129680033","kind":"highlight","pubTimestamp":1619338263,"share":"https://www.laohunote.com/m/news/2129680033?lang=zh_CN&edition=full","pubTime":"2021-04-25 16:11","market":"us","language":"en","title":"Apple’s business is roaring, and investors are about to find out how much of that cash is coming their way<blockquote>苹果的生意蒸蒸日上，投资者们即将知道有多少现金会流向他们</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2129680033","media":"MarketWatch","summary":"Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could ge","content":"<p>Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could get back to double-digit dividend growth when it details investor-return plans for the year</p><p><blockquote>苹果盈利预览：在过去两年“更温和”的股息增长之后，苹果在详细说明今年的投资者回报计划时可能会恢复两位数的股息增长</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c3de8d4d6e2f179b5f904720051de74\" tg-width=\"1260\" tg-height=\"840\"><span>Apple's iPad and Mac momentum may have \"accelerated\" in the latest quarter, analyst argues. AFP/Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师认为，苹果iPad和Mac的势头可能在最近一个季度“加速”。法新社/盖蒂图片社</span></p></blockquote></p><p> After posting record sales and profits in its latest fiscal year, Apple Inc. is expected to show how much of its financial success will get delivered back to shareholders this year.</p><p><blockquote>在最近一个财年公布创纪录的销售额和利润后，苹果公司预计将展示其今年将有多少财务成功回馈给股东。</blockquote></p><p> Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> is expected to increase its dividend and authorize further stock buybacks when it announces fiscal second-quarter earnings Wednesday, part of the company's continued focus on returning money to shareholders as it aims to reduce its sizable cash pile. The company typically makes updates to its capital-return program alongside its March-quarter report, and the coming announcement could be a driver of Apple's post-earnings stock momentum.</p><p><blockquote>苹果<a href=\"https://laohu8.com/S/AAPL\">$(苹果)$</a>预计该公司将在周三公布第二财季收益时增加股息并授权进一步回购股票，这是该公司继续专注于向股东返还资金以减少其可观的现金储备的一部分。该公司通常会在发布三月份季度报告的同时更新其资本回报计划，即将发布的公告可能会推动苹果财报后股价上涨。</blockquote></p><p> \"We think Apple's capital return update could be the most incremental consideration coming out of Apple's upcoming F2Q21 results,\" Wells Fargo analyst Aaron Rakers wrote.</p><p><blockquote>富国银行分析师 Aaron Rakers 写道：“我们认为苹果的资本回报率更新可能是苹果即将发布的 2021 年第二季度业绩中最重要的考虑因素。”</blockquote></p><p> Though Apple shares have nearly doubled in the past year, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>'s Katy Huberty anticipates that the company will remain aggressive with its buybacks. She predicts that the company could add $60 billion to its buyback authorization this quarter, compared with the $50 billion increase that Apple approved a year ago .</p><p><blockquote>尽管苹果股价在过去一年几乎翻了一番，<a href=\"https://laohu8.com/S/MSTLW\">摩根士丹利</a>凯蒂·休伯蒂 (Katy Huberty) 预计该公司将继续积极进行回购。她预测，该公司本季度可能会增加 600 亿美元的回购授权，而苹果一年前批准的回购授权为 500 亿美元。</blockquote></p><p> Apple's pace of repurchases is unlikely to \"materially slow\" in the next 12 to 18 months, Huberty argued, as she projected that the company could buy back $18 billion worth of its stock each quarter until the end of fiscal 2022. That would reduce the number of shares outstanding by about 3% and leave Apple with a net-cash position of about $75 billion.</p><p><blockquote>休伯蒂认为，苹果的回购步伐在未来 12 至 18 个月内不太可能“大幅放缓”，因为她预计该公司每个季度可以回购价值 180 亿美元的股票，直到 2022 财年结束。这将使流通股数量减少约 3%，苹果的净现金头寸约为 750 亿美元。</blockquote></p><p> She also projects a 10% increase in Apple's dividend, which would bring the annual payout to 90 cents a share.</p><p><blockquote>她还预计苹果的股息将增加 10%，这将使每股年度股息达到 90 美分。</blockquote></p><p> Apple's dividend announcement could be a bigger driver of stock performance than the buyback plans, Wells Fargo's Rakers suggested. He thinks Apple could raise its dividend by at least 10%, an increase that would mark the highest annual hike since Apple's 16% bump in 2018 and stand in comparison to the \"more modest\" increases of 5.5% and 6.5% that Apple delivered in 2019 and 2020, respectively.</p><p><blockquote>富国银行的 Rakers 表示，苹果的股息宣布可能比回购计划更能推动股票表现。他认为苹果可能会将股息提高至少 10%，这一增幅将标志着自苹果 2018 年股息上涨 16% 以来的最高年度涨幅，相比之下，苹果分别在 2019 年和 2020 年实现了 5.5% 和 6.5% 的“更温和”增幅。</blockquote></p><p> \"Our positive view on Apple's continued ability to generate strong [free-cash flow] supports our view that the company could return its annual dividend growth trajectory into the double-digit [percent] range,\" he wrote.</p><p><blockquote>他写道：“我们对苹果持续产生强劲[自由现金流]能力的积极看法支持了我们的观点，即该公司可以将年度股息增长轨迹恢复到两位数[百分比]范围。”</blockquote></p><p> Rakers is expecting a roughly $50 billion increase to the buyback program, flat with a year ago.</p><p><blockquote>Rakers 预计回购计划将增加约 500 亿美元，与一年前持平。</blockquote></p><p> The company has set out to become net-cash-neutral, opting against blockbuster acquisitions and in favor of capital returns as it tries to winnow down its sizable net-cash balance, which stood at more than $80 billion as of Apple's last report. But Apple is also generating strong free-cash flow, with Huberty predicting a 30% increase this fiscal year and suggesting that it will take time before Apple achieves its target.</p><p><blockquote>该公司已着手实现净现金中性，选择不进行大规模收购，而支持资本回报，因为它试图减少其可观的净现金余额，截至苹果上一份报告，净现金余额已超过 800 亿美元。但苹果也产生了强劲的自由现金流，休伯蒂预测本财年将增长 30%，并表示苹果实现目标还需要时间。</blockquote></p><p> \"Apple is firing on all cylinders today and even as the company spends nearly $100 billion per year on shareholder returns, we believe the path to a net-cash-neutral position requires multiple more years of sustained strong shareholder returns,\" Huberty wrote.</p><p><blockquote>休伯蒂写道：“苹果今天正在全力以赴，尽管该公司每年在股东回报上花费近 1000 亿美元，但我们相信，实现净现金中性头寸的道路需要多年持续强劲的股东回报。”</blockquote></p><p> Apple repurchased an average of 2.5 million shares a day in the last nine months of 2020, Rakers noted, accounting for about 1.6% of the stock's daily trading volume.</p><p><blockquote>Rakers 指出，苹果在 2020 年最后 9 个月平均每天回购 250 万股股票，约占该股日交易量的 1.6%。</blockquote></p><p> <b>What to expect</b></p><p><blockquote><b>期待什么</b></blockquote></p><p> Earnings: Analysts tracked by FactSet expect that Apple earned 98 cents a share in the latest quarter, up from 64 cents a year earlier. According to Estimize, which crowdsources projections from hedge funds, academics and others, the average estimate calls for $1.02 a share.</p><p><blockquote>盈利：FactSet 追踪的分析师预计，苹果最新季度每股收益为 98 美分，高于去年同期的 64 美分。Estimize 从对冲基金、学者和其他人那里众包预测，平均估计评级为每股 1.02 美元。</blockquote></p><p> Revenue: The FactSet consensus models revenue of $76.7 billion, while the average estimate on Estimize is for $78.3 billion. Apple posted $58.3 billion in revenue during the prior March quarter, as COVID-19 shutdowns affected China and began to cause store closures in other parts of the world.</p><p><blockquote>收入：FactSet 共识模型的收入为 767 亿美元，而 Estimize 的平均估计为 783 亿美元。由于 COVID-19 关闭影响了中国大陆，并开始导致世界其他地区的商店关闭，苹果 3 月份上一季度的收入为 583 亿美元。</blockquote></p><p> Stock movement: Apple shares have fallen following three of the past five earnings reports. Shares have gained 91% over the past 12 months as the Dow Jones Industrial Average , of which Apple is a component, has risen 44%.</p><p><blockquote>股票走势：过去五份收益报告中有三份发布后，苹果股价下跌。过去 12 个月，苹果所在的道琼斯工业平均指数上涨了 44%，股价上涨了 91%。</blockquote></p><p> Of the 42 analysts tracked by FactSet who cover Apple's stock, 30 have buy ratings, nine have hold ratings, and three have sell ratings, with an average price target of $151.12.</p><p><blockquote>在 FactSet 追踪的 42 位关注苹果股票的分析师中，30 位给予买入评级，9 位给予持有评级，3 位给予卖出评级，平均目标价为 151.12 美元。</blockquote></p><p> <b>What else to watch for</b></p><p><blockquote><b>还有什么要注意的</b></blockquote></p><p></p><p> Apple has seen strong momentum in recent quarters amid a surge in demand for Macs and iPads during the pandemic and a successful iPhone 12 launch. Evercore ISI analyst Amit Daryanani predicts that the company continued to see good traction in the March quarter and could deliver results ahead of expectations.</p><p><blockquote>由于疫情期间对 Mac 和 iPad 的需求激增以及 iPhone 12 的成功推出，苹果最近几个季度的发展势头强劲。Evercore ISI 分析师 Amit Daryanani 预测，该公司在三月份季度将继续保持良好的吸引力，并可能超出预期交付业绩。</blockquote></p><p> The company could be more insulated than others from the continuing chip shortage given \"its status as <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest electronics purchasers in the world,\" Daryanani argued, noting that while manufacturing partner Foxconn mentioned some supply issues, that company said that the component shortage would affect a small fraction of customer orders.</p><p><blockquote>鉴于“其地位”，该公司可能比其他公司更能免受持续芯片短缺的影响<a href=\"https://laohu8.com/S/AONE\">一</a>Daryanani 认为，虽然制造合作伙伴富士康提到了一些供应问题，但该公司表示，零部件短缺将影响一小部分客户订单。</blockquote></p><p> Daryanani is upbeat about Apple's iPhone momentum in China and encouraged by Foxconn's indication that March-quarter performance would be better than what's typically seen for this period. That's consistent with Apple's own projections, he noted. He rates the stock at outperform with a $175 price target.</p><p><blockquote>Daryanani 对苹果 iPhone 在中国的发展势头持乐观态度，并对富士康表示 3 月份季度的业绩将好于这一时期的典型表现感到鼓舞。他指出，这与苹果自己的预测一致。他将该股评级为跑赢大盘，目标价为 175 美元。</blockquote></p><p> Wells Fargo's Rakers pointed to \"ongoing positive demand drivers\" but said he was \"reluctant to make a meaningful upside (iPhone-driven) call\" ahead of the release. His iPhone revenue estimate for the quarter is for $38.8 billion, while the FactSet consensus calls for $41.0 billion.</p><p><blockquote>富国银行的 Rakers 指出了“持续的积极需求驱动因素”，但表示他“不愿意在发布之前做出有意义的上行（iPhone 驱动的）看涨期权”。他预计本季度 iPhone 收入为 388 亿美元，而 FactSet 一致认为评级为 410 亿美元。</blockquote></p><p> Outside of the iPhone, Rakers expects that the company continues to see strong demand for iPads and Macs buoyed by at-home dynamics. He'll also be looking for broader commentary on supply issues.</p><p><blockquote>除了 iPhone 之外，Rakers 预计该公司将继续看到家庭动态推动对 iPad 和 Mac 的强劲需求。他还将寻求对供应问题更广泛的评论。</blockquote></p><p> \"With continued reports of overall semiconductor supply-chain tightness, presumably impacting Apple's Mac and iPad lead times, along with increasing DRAM prices, investors will be focused on Apple's thoughts on overall demand fulfillment and gross margin expectations,\" he wrote, while reiterating an overweight rating on the stock and a $160 target price.</p><p><blockquote>“随着有关整体半导体供应链紧张的持续报道，可能会影响苹果 Mac 和 iPad 的交货时间，以及 DRAM 价格上涨，投资者将关注苹果对整体需求满足和毛利率预期的看法，”他写道，同时重申了跑赢大盘对该股的评级和 160 美元的目标价。</blockquote></p><p> Morgan Stanley's Huberty has \"high confidence\" that Apple will beat March-quarter expectations and she's also expecting an upbeat outlook.</p><p><blockquote>摩根士丹利的休伯蒂“非常有信心”苹果将超出三月份季度的预期，她也预计前景乐观。</blockquote></p><p> \"We believe that much of the consumer and education-market strength that propelled the Mac and iPad to 21% year-over-year and 41% year-over-year growth the December quarter sustained, and even accelerated into the March quarter,\" she wrote, highlighting upbeat third-party Mac data from IDC.</p><p><blockquote>“我们相信，推动 Mac 和 iPad 同比增长 21% 和 41% 的消费者和教育市场力量在 12 月份季度得以维持，甚至加速到 3 月份季度，”她写道，强调了 IDC 乐观的第三方 Mac 数据。</blockquote></p><p> Huberty forecasts $8.2 billion in Mac revenue and $6.8 billion in iPad revenue for the quarter, significantly above the FactSet consensus, which calls for $6.7 billion and $5.6 billion, respectively. She has an overweight rating and $158 price target on Apple shares.</p><p><blockquote>Huberty 预测本季度 Mac 收入为 82 亿美元，iPad 收入为 68 亿美元，远高于 FactSet 的共识，FactSet 的评级分别为 67 亿美元和 56 亿美元。她对苹果股票给予跑赢大盘评级和 158 美元的目标价。</blockquote></p><p> Apple recently introduced new iPads and iMacs that could allow it to continue capitalizing on at-home trends, though these won't factor into the March-quarter numbers.</p><p><blockquote>苹果最近推出了新的 iPad 和 iMac，这可能使其能够继续利用家庭趋势，尽管这些不会计入 3 月份季度的数据。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple’s business is roaring, and investors are about to find out how much of that cash is coming their way<blockquote>苹果的生意蒸蒸日上，投资者们即将知道有多少现金会流向他们</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’s business is roaring, and investors are about to find out how much of that cash is coming their way<blockquote>苹果的生意蒸蒸日上，投资者们即将知道有多少现金会流向他们</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-04-25 16:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could get back to double-digit dividend growth when it details investor-return plans for the year</p><p><blockquote>苹果盈利预览：在过去两年“更温和”的股息增长之后，苹果在详细说明今年的投资者回报计划时可能会恢复两位数的股息增长</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c3de8d4d6e2f179b5f904720051de74\" tg-width=\"1260\" tg-height=\"840\"><span>Apple's iPad and Mac momentum may have \"accelerated\" in the latest quarter, analyst argues. AFP/Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师认为，苹果iPad和Mac的势头可能在最近一个季度“加速”。法新社/盖蒂图片社</span></p></blockquote></p><p> After posting record sales and profits in its latest fiscal year, Apple Inc. is expected to show how much of its financial success will get delivered back to shareholders this year.</p><p><blockquote>在最近一个财年公布创纪录的销售额和利润后，苹果公司预计将展示其今年将有多少财务成功回馈给股东。</blockquote></p><p> Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> is expected to increase its dividend and authorize further stock buybacks when it announces fiscal second-quarter earnings Wednesday, part of the company's continued focus on returning money to shareholders as it aims to reduce its sizable cash pile. The company typically makes updates to its capital-return program alongside its March-quarter report, and the coming announcement could be a driver of Apple's post-earnings stock momentum.</p><p><blockquote>苹果<a href=\"https://laohu8.com/S/AAPL\">$(苹果)$</a>预计该公司将在周三公布第二财季收益时增加股息并授权进一步回购股票，这是该公司继续专注于向股东返还资金以减少其可观的现金储备的一部分。该公司通常会在发布三月份季度报告的同时更新其资本回报计划，即将发布的公告可能会推动苹果财报后股价上涨。</blockquote></p><p> \"We think Apple's capital return update could be the most incremental consideration coming out of Apple's upcoming F2Q21 results,\" Wells Fargo analyst Aaron Rakers wrote.</p><p><blockquote>富国银行分析师 Aaron Rakers 写道：“我们认为苹果的资本回报率更新可能是苹果即将发布的 2021 年第二季度业绩中最重要的考虑因素。”</blockquote></p><p> Though Apple shares have nearly doubled in the past year, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>'s Katy Huberty anticipates that the company will remain aggressive with its buybacks. She predicts that the company could add $60 billion to its buyback authorization this quarter, compared with the $50 billion increase that Apple approved a year ago .</p><p><blockquote>尽管苹果股价在过去一年几乎翻了一番，<a href=\"https://laohu8.com/S/MSTLW\">摩根士丹利</a>凯蒂·休伯蒂 (Katy Huberty) 预计该公司将继续积极进行回购。她预测，该公司本季度可能会增加 600 亿美元的回购授权，而苹果一年前批准的回购授权为 500 亿美元。</blockquote></p><p> Apple's pace of repurchases is unlikely to \"materially slow\" in the next 12 to 18 months, Huberty argued, as she projected that the company could buy back $18 billion worth of its stock each quarter until the end of fiscal 2022. That would reduce the number of shares outstanding by about 3% and leave Apple with a net-cash position of about $75 billion.</p><p><blockquote>休伯蒂认为，苹果的回购步伐在未来 12 至 18 个月内不太可能“大幅放缓”，因为她预计该公司每个季度可以回购价值 180 亿美元的股票，直到 2022 财年结束。这将使流通股数量减少约 3%，苹果的净现金头寸约为 750 亿美元。</blockquote></p><p> She also projects a 10% increase in Apple's dividend, which would bring the annual payout to 90 cents a share.</p><p><blockquote>她还预计苹果的股息将增加 10%，这将使每股年度股息达到 90 美分。</blockquote></p><p> Apple's dividend announcement could be a bigger driver of stock performance than the buyback plans, Wells Fargo's Rakers suggested. He thinks Apple could raise its dividend by at least 10%, an increase that would mark the highest annual hike since Apple's 16% bump in 2018 and stand in comparison to the \"more modest\" increases of 5.5% and 6.5% that Apple delivered in 2019 and 2020, respectively.</p><p><blockquote>富国银行的 Rakers 表示，苹果的股息宣布可能比回购计划更能推动股票表现。他认为苹果可能会将股息提高至少 10%，这一增幅将标志着自苹果 2018 年股息上涨 16% 以来的最高年度涨幅，相比之下，苹果分别在 2019 年和 2020 年实现了 5.5% 和 6.5% 的“更温和”增幅。</blockquote></p><p> \"Our positive view on Apple's continued ability to generate strong [free-cash flow] supports our view that the company could return its annual dividend growth trajectory into the double-digit [percent] range,\" he wrote.</p><p><blockquote>他写道：“我们对苹果持续产生强劲[自由现金流]能力的积极看法支持了我们的观点，即该公司可以将年度股息增长轨迹恢复到两位数[百分比]范围。”</blockquote></p><p> Rakers is expecting a roughly $50 billion increase to the buyback program, flat with a year ago.</p><p><blockquote>Rakers 预计回购计划将增加约 500 亿美元，与一年前持平。</blockquote></p><p> The company has set out to become net-cash-neutral, opting against blockbuster acquisitions and in favor of capital returns as it tries to winnow down its sizable net-cash balance, which stood at more than $80 billion as of Apple's last report. But Apple is also generating strong free-cash flow, with Huberty predicting a 30% increase this fiscal year and suggesting that it will take time before Apple achieves its target.</p><p><blockquote>该公司已着手实现净现金中性，选择不进行大规模收购，而支持资本回报，因为它试图减少其可观的净现金余额，截至苹果上一份报告，净现金余额已超过 800 亿美元。但苹果也产生了强劲的自由现金流，休伯蒂预测本财年将增长 30%，并表示苹果实现目标还需要时间。</blockquote></p><p> \"Apple is firing on all cylinders today and even as the company spends nearly $100 billion per year on shareholder returns, we believe the path to a net-cash-neutral position requires multiple more years of sustained strong shareholder returns,\" Huberty wrote.</p><p><blockquote>休伯蒂写道：“苹果今天正在全力以赴，尽管该公司每年在股东回报上花费近 1000 亿美元，但我们相信，实现净现金中性头寸的道路需要多年持续强劲的股东回报。”</blockquote></p><p> Apple repurchased an average of 2.5 million shares a day in the last nine months of 2020, Rakers noted, accounting for about 1.6% of the stock's daily trading volume.</p><p><blockquote>Rakers 指出，苹果在 2020 年最后 9 个月平均每天回购 250 万股股票，约占该股日交易量的 1.6%。</blockquote></p><p> <b>What to expect</b></p><p><blockquote><b>期待什么</b></blockquote></p><p> Earnings: Analysts tracked by FactSet expect that Apple earned 98 cents a share in the latest quarter, up from 64 cents a year earlier. According to Estimize, which crowdsources projections from hedge funds, academics and others, the average estimate calls for $1.02 a share.</p><p><blockquote>盈利：FactSet 追踪的分析师预计，苹果最新季度每股收益为 98 美分，高于去年同期的 64 美分。Estimize 从对冲基金、学者和其他人那里众包预测，平均估计评级为每股 1.02 美元。</blockquote></p><p> Revenue: The FactSet consensus models revenue of $76.7 billion, while the average estimate on Estimize is for $78.3 billion. Apple posted $58.3 billion in revenue during the prior March quarter, as COVID-19 shutdowns affected China and began to cause store closures in other parts of the world.</p><p><blockquote>收入：FactSet 共识模型的收入为 767 亿美元，而 Estimize 的平均估计为 783 亿美元。由于 COVID-19 关闭影响了中国大陆，并开始导致世界其他地区的商店关闭，苹果 3 月份上一季度的收入为 583 亿美元。</blockquote></p><p> Stock movement: Apple shares have fallen following three of the past five earnings reports. Shares have gained 91% over the past 12 months as the Dow Jones Industrial Average , of which Apple is a component, has risen 44%.</p><p><blockquote>股票走势：过去五份收益报告中有三份发布后，苹果股价下跌。过去 12 个月，苹果所在的道琼斯工业平均指数上涨了 44%，股价上涨了 91%。</blockquote></p><p> Of the 42 analysts tracked by FactSet who cover Apple's stock, 30 have buy ratings, nine have hold ratings, and three have sell ratings, with an average price target of $151.12.</p><p><blockquote>在 FactSet 追踪的 42 位关注苹果股票的分析师中，30 位给予买入评级，9 位给予持有评级，3 位给予卖出评级，平均目标价为 151.12 美元。</blockquote></p><p> <b>What else to watch for</b></p><p><blockquote><b>还有什么要注意的</b></blockquote></p><p></p><p> Apple has seen strong momentum in recent quarters amid a surge in demand for Macs and iPads during the pandemic and a successful iPhone 12 launch. Evercore ISI analyst Amit Daryanani predicts that the company continued to see good traction in the March quarter and could deliver results ahead of expectations.</p><p><blockquote>由于疫情期间对 Mac 和 iPad 的需求激增以及 iPhone 12 的成功推出，苹果最近几个季度的发展势头强劲。Evercore ISI 分析师 Amit Daryanani 预测，该公司在三月份季度将继续保持良好的吸引力，并可能超出预期交付业绩。</blockquote></p><p> The company could be more insulated than others from the continuing chip shortage given \"its status as <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest electronics purchasers in the world,\" Daryanani argued, noting that while manufacturing partner Foxconn mentioned some supply issues, that company said that the component shortage would affect a small fraction of customer orders.</p><p><blockquote>鉴于“其地位”，该公司可能比其他公司更能免受持续芯片短缺的影响<a href=\"https://laohu8.com/S/AONE\">一</a>Daryanani 认为，虽然制造合作伙伴富士康提到了一些供应问题，但该公司表示，零部件短缺将影响一小部分客户订单。</blockquote></p><p> Daryanani is upbeat about Apple's iPhone momentum in China and encouraged by Foxconn's indication that March-quarter performance would be better than what's typically seen for this period. That's consistent with Apple's own projections, he noted. He rates the stock at outperform with a $175 price target.</p><p><blockquote>Daryanani 对苹果 iPhone 在中国的发展势头持乐观态度，并对富士康表示 3 月份季度的业绩将好于这一时期的典型表现感到鼓舞。他指出，这与苹果自己的预测一致。他将该股评级为跑赢大盘，目标价为 175 美元。</blockquote></p><p> Wells Fargo's Rakers pointed to \"ongoing positive demand drivers\" but said he was \"reluctant to make a meaningful upside (iPhone-driven) call\" ahead of the release. His iPhone revenue estimate for the quarter is for $38.8 billion, while the FactSet consensus calls for $41.0 billion.</p><p><blockquote>富国银行的 Rakers 指出了“持续的积极需求驱动因素”，但表示他“不愿意在发布之前做出有意义的上行（iPhone 驱动的）看涨期权”。他预计本季度 iPhone 收入为 388 亿美元，而 FactSet 一致认为评级为 410 亿美元。</blockquote></p><p> Outside of the iPhone, Rakers expects that the company continues to see strong demand for iPads and Macs buoyed by at-home dynamics. He'll also be looking for broader commentary on supply issues.</p><p><blockquote>除了 iPhone 之外，Rakers 预计该公司将继续看到家庭动态推动对 iPad 和 Mac 的强劲需求。他还将寻求对供应问题更广泛的评论。</blockquote></p><p> \"With continued reports of overall semiconductor supply-chain tightness, presumably impacting Apple's Mac and iPad lead times, along with increasing DRAM prices, investors will be focused on Apple's thoughts on overall demand fulfillment and gross margin expectations,\" he wrote, while reiterating an overweight rating on the stock and a $160 target price.</p><p><blockquote>“随着有关整体半导体供应链紧张的持续报道，可能会影响苹果 Mac 和 iPad 的交货时间，以及 DRAM 价格上涨，投资者将关注苹果对整体需求满足和毛利率预期的看法，”他写道，同时重申了跑赢大盘对该股的评级和 160 美元的目标价。</blockquote></p><p> Morgan Stanley's Huberty has \"high confidence\" that Apple will beat March-quarter expectations and she's also expecting an upbeat outlook.</p><p><blockquote>摩根士丹利的休伯蒂“非常有信心”苹果将超出三月份季度的预期，她也预计前景乐观。</blockquote></p><p> \"We believe that much of the consumer and education-market strength that propelled the Mac and iPad to 21% year-over-year and 41% year-over-year growth the December quarter sustained, and even accelerated into the March quarter,\" she wrote, highlighting upbeat third-party Mac data from IDC.</p><p><blockquote>“我们相信，推动 Mac 和 iPad 同比增长 21% 和 41% 的消费者和教育市场力量在 12 月份季度得以维持，甚至加速到 3 月份季度，”她写道，强调了 IDC 乐观的第三方 Mac 数据。</blockquote></p><p> Huberty forecasts $8.2 billion in Mac revenue and $6.8 billion in iPad revenue for the quarter, significantly above the FactSet consensus, which calls for $6.7 billion and $5.6 billion, respectively. She has an overweight rating and $158 price target on Apple shares.</p><p><blockquote>Huberty 预测本季度 Mac 收入为 82 亿美元，iPad 收入为 68 亿美元，远高于 FactSet 的共识，FactSet 的评级分别为 67 亿美元和 56 亿美元。她对苹果股票给予跑赢大盘评级和 158 美元的目标价。</blockquote></p><p> Apple recently introduced new iPads and iMacs that could allow it to continue capitalizing on at-home trends, though these won't factor into the March-quarter numbers.</p><p><blockquote>苹果最近推出了新的 iPad 和 iMac，这可能使其能够继续利用家庭趋势，尽管这些不会计入 3 月份季度的数据。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/apples-business-is-roaring-and-investors-are-about-to-find-out-how-much-of-that-cash-is-coming-their-way-11619194933?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.marketwatch.com/story/apples-business-is-roaring-and-investors-are-about-to-find-out-how-much-of-that-cash-is-coming-their-way-11619194933?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129680033","content_text":"Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could get back to double-digit dividend growth when it details investor-return plans for the year\nApple's iPad and Mac momentum may have \"accelerated\" in the latest quarter, analyst argues. AFP/Getty Images\nAfter posting record sales and profits in its latest fiscal year, Apple Inc. is expected to show how much of its financial success will get delivered back to shareholders this year.\nApple $(AAPL)$ is expected to increase its dividend and authorize further stock buybacks when it announces fiscal second-quarter earnings Wednesday, part of the company's continued focus on returning money to shareholders as it aims to reduce its sizable cash pile. The company typically makes updates to its capital-return program alongside its March-quarter report, and the coming announcement could be a driver of Apple's post-earnings stock momentum.\n\"We think Apple's capital return update could be the most incremental consideration coming out of Apple's upcoming F2Q21 results,\" Wells Fargo analyst Aaron Rakers wrote.\nThough Apple shares have nearly doubled in the past year, Morgan Stanley's Katy Huberty anticipates that the company will remain aggressive with its buybacks. She predicts that the company could add $60 billion to its buyback authorization this quarter, compared with the $50 billion increase that Apple approved a year ago .\nApple's pace of repurchases is unlikely to \"materially slow\" in the next 12 to 18 months, Huberty argued, as she projected that the company could buy back $18 billion worth of its stock each quarter until the end of fiscal 2022. That would reduce the number of shares outstanding by about 3% and leave Apple with a net-cash position of about $75 billion.\nShe also projects a 10% increase in Apple's dividend, which would bring the annual payout to 90 cents a share.\nApple's dividend announcement could be a bigger driver of stock performance than the buyback plans, Wells Fargo's Rakers suggested. He thinks Apple could raise its dividend by at least 10%, an increase that would mark the highest annual hike since Apple's 16% bump in 2018 and stand in comparison to the \"more modest\" increases of 5.5% and 6.5% that Apple delivered in 2019 and 2020, respectively.\n\"Our positive view on Apple's continued ability to generate strong [free-cash flow] supports our view that the company could return its annual dividend growth trajectory into the double-digit [percent] range,\" he wrote.\nRakers is expecting a roughly $50 billion increase to the buyback program, flat with a year ago.\nThe company has set out to become net-cash-neutral, opting against blockbuster acquisitions and in favor of capital returns as it tries to winnow down its sizable net-cash balance, which stood at more than $80 billion as of Apple's last report. But Apple is also generating strong free-cash flow, with Huberty predicting a 30% increase this fiscal year and suggesting that it will take time before Apple achieves its target.\n\"Apple is firing on all cylinders today and even as the company spends nearly $100 billion per year on shareholder returns, we believe the path to a net-cash-neutral position requires multiple more years of sustained strong shareholder returns,\" Huberty wrote.\nApple repurchased an average of 2.5 million shares a day in the last nine months of 2020, Rakers noted, accounting for about 1.6% of the stock's daily trading volume.\nWhat to expect\nEarnings: Analysts tracked by FactSet expect that Apple earned 98 cents a share in the latest quarter, up from 64 cents a year earlier. According to Estimize, which crowdsources projections from hedge funds, academics and others, the average estimate calls for $1.02 a share.\nRevenue: The FactSet consensus models revenue of $76.7 billion, while the average estimate on Estimize is for $78.3 billion. Apple posted $58.3 billion in revenue during the prior March quarter, as COVID-19 shutdowns affected China and began to cause store closures in other parts of the world.\nStock movement: Apple shares have fallen following three of the past five earnings reports. Shares have gained 91% over the past 12 months as the Dow Jones Industrial Average , of which Apple is a component, has risen 44%.\nOf the 42 analysts tracked by FactSet who cover Apple's stock, 30 have buy ratings, nine have hold ratings, and three have sell ratings, with an average price target of $151.12.\nWhat else to watch for\nApple has seen strong momentum in recent quarters amid a surge in demand for Macs and iPads during the pandemic and a successful iPhone 12 launch. Evercore ISI analyst Amit Daryanani predicts that the company continued to see good traction in the March quarter and could deliver results ahead of expectations.\nThe company could be more insulated than others from the continuing chip shortage given \"its status as one of the largest electronics purchasers in the world,\" Daryanani argued, noting that while manufacturing partner Foxconn mentioned some supply issues, that company said that the component shortage would affect a small fraction of customer orders.\nDaryanani is upbeat about Apple's iPhone momentum in China and encouraged by Foxconn's indication that March-quarter performance would be better than what's typically seen for this period. That's consistent with Apple's own projections, he noted. He rates the stock at outperform with a $175 price target.\nWells Fargo's Rakers pointed to \"ongoing positive demand drivers\" but said he was \"reluctant to make a meaningful upside (iPhone-driven) call\" ahead of the release. His iPhone revenue estimate for the quarter is for $38.8 billion, while the FactSet consensus calls for $41.0 billion.\nOutside of the iPhone, Rakers expects that the company continues to see strong demand for iPads and Macs buoyed by at-home dynamics. He'll also be looking for broader commentary on supply issues.\n\"With continued reports of overall semiconductor supply-chain tightness, presumably impacting Apple's Mac and iPad lead times, along with increasing DRAM prices, investors will be focused on Apple's thoughts on overall demand fulfillment and gross margin expectations,\" he wrote, while reiterating an overweight rating on the stock and a $160 target price.\nMorgan Stanley's Huberty has \"high confidence\" that Apple will beat March-quarter expectations and she's also expecting an upbeat outlook.\n\"We believe that much of the consumer and education-market strength that propelled the Mac and iPad to 21% year-over-year and 41% year-over-year growth the December quarter sustained, and even accelerated into the March quarter,\" she wrote, highlighting upbeat third-party Mac data from IDC.\nHuberty forecasts $8.2 billion in Mac revenue and $6.8 billion in iPad revenue for the quarter, significantly above the FactSet consensus, which calls for $6.7 billion and $5.6 billion, respectively. She has an overweight rating and $158 price target on Apple shares.\nApple recently introduced new iPads and iMacs that could allow it to continue capitalizing on at-home trends, though these won't factor into the March-quarter numbers.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374536451,"gmtCreate":1619454241473,"gmtModify":1634273313426,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578492611847076","idStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Good job!","listText":"Good job!","text":"Good job!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/374536451","repostId":"2130364766","repostType":4,"repost":{"id":"2130364766","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1619318325,"share":"https://www.laohunote.com/m/news/2130364766?lang=zh_CN&edition=full","pubTime":"2021-04-25 10:38","market":"us","language":"en","title":"What to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一第一季度收益报告有何期待</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2130364766","media":"Benzinga Earnings","summary":"EV giant Tesla, Inc.  is scheduled to release its first-quarter results Monday, after the market close.Key Q1 Metrics to Watch For:  Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.Focus On Regulatory Credits, Automotive Margins:  The focus is likely to be on regulatory credits, which accounted for 4","content":"<p><img src=\"https://static.tigerbbs.com/fe458ac1cf82668bd4bf27fbaa6506e5\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>EV giant <b>Tesla, Inc. </b>(NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.</p><p><blockquote>房屋巨人<b>特斯拉公司。</b>（纳斯达克：TSLA）定于周一收盘后发布第一季度业绩。</blockquote></p><p><b>Key Q1 Metrics to Watch For: </b> Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.</p><p><blockquote><b>第一季度需要关注的关键指标：</b>特斯拉预计 2021 年第一季度非 GAAP 每股收益 (EPS) 为 79 美分，高于去年同期的 23 美分。</blockquote></p><p>The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.</p><p><blockquote>该季度的普遍收入预测为 102.9 亿美元，同比增长 72%。</blockquote></p><p>In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.</p><p><blockquote>第四季度，特斯拉按非公认会计准则计算，每股收益为 80 美分，营收为 107.4 亿美元。</blockquote></p><p>Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.</p><p><blockquote>特斯拉在4月初透露，第一季度交付了创纪录的184,800辆汽车，其中包括182,780辆Model 3/Y汽车和2020辆Model S/X汽车。这意味着同比增长 109%，环比增长 2.2%。季度产量为180,338。</blockquote></p><p><b>Focus On Regulatory Credits, Automotive Margins: </b> The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to&nbsp;earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.</p><p><blockquote><b>关注监管信贷、汽车利润率：</b>重点可能是监管信贷，2020 年第四季度监管信贷占其收入的 4.3%。几个州采用的零排放汽车法规允许电动汽车制造商获得监管积分，这些积分可以通过向传统汽车制造商出售来货币化，而传统汽车制造商无法实现为绿色能源汽车销售比例设定的最低目标。</blockquote></p><p>Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.</p><p><blockquote>2020年第四季度汽车毛利率从上一季度的27.7%下滑至24.1%。由于本季度价格较高的 Model S/X 车辆的生产陷入停滞，以便更新车型，该公司的利润率可能会进一步放缓。</blockquote></p><p><b>View more earnings on TSLA</b></p><p><blockquote><b>查看 TSLA 的更多收益</b></blockquote></p><p>With competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.</p><p><blockquote>特斯拉长期空头 Gordon Johnson 在一份预览季度业绩的报告中表示，随着竞争压力的加剧，特斯拉可能会大幅削减汽车价格，以实现批量生产目标。</blockquote></p><p>Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.</p><p><blockquote>特斯拉投资者可能也渴望了解更多有关该公司比特币投资战略及其允许使用比特币购买汽车的决定的信息。</blockquote></p><p><b>Forward Outlook:</b> Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles.<b> </b>Its&nbsp;Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.</p><p><blockquote><b>展望：</b>特斯拉处于有利地位，可以利用绿色能源汽车预期指数级增长带来的机遇。<b></b>其上海超级工厂目前正在生产 Model S 和 Model Y 汽车，随着柏林和德克萨斯州工厂的开业，预计产能将增加。</blockquote></p><p>Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales&nbsp;and expects to materially exceed the target in 2021.</p><p><blockquote>特斯拉首席财务官扎克·柯克霍恩 (Zach Kirkhorn) 在财报看涨期权上表示，该公司的目标是销量复合年增长率达到 50%，预计 2021 年将大幅超过目标。</blockquote></p><p><b>Stock Take: </b> Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.</p><p><blockquote><b>盘点：</b>特斯拉的股价在二月初之前一直飙升，加入了随后的科技抛售行列。该股从1月25日分割调整后的高点900.40美元，3月5日跌至539.49美元，从峰谷跌幅达40%。</blockquote></p><p>Although the stock has made good some of the losses since then, it is yet to break above $800 level.</p><p><blockquote>尽管该股此后弥补了部分损失，但尚未突破 800 美元水平。</blockquote></p><p>Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.</p><p><blockquote>CANACCORD Genuity 分析师 Jed Dorsheimer 在最近的一份报告中表示，特斯拉保持了数年的领先地位，目前正在积极扩展到存储领域，因此其股票的溢价估值是合理的。该公司对该股的目标价为 1,071 美元。</blockquote></p><p>Friday, Tesla's shares ended 1.35% higher at $729.40.</p><p><blockquote>周五，特斯拉股价收盘上涨 1.35%，至 729.40 美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一第一季度收益报告有何期待</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一第一季度收益报告有何期待</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 Earnings </p>\n<p class=\"h-time smaller\">2021-04-25 10:38</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/fe458ac1cf82668bd4bf27fbaa6506e5\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>EV giant <b>Tesla, Inc. </b>(NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.</p><p><blockquote>房屋巨人<b>特斯拉公司。</b>（纳斯达克：TSLA）定于周一收盘后发布第一季度业绩。</blockquote></p><p><b>Key Q1 Metrics to Watch For: </b> Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.</p><p><blockquote><b>第一季度需要关注的关键指标：</b>特斯拉预计 2021 年第一季度非 GAAP 每股收益 (EPS) 为 79 美分，高于去年同期的 23 美分。</blockquote></p><p>The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.</p><p><blockquote>该季度的普遍收入预测为 102.9 亿美元，同比增长 72%。</blockquote></p><p>In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.</p><p><blockquote>第四季度，特斯拉按非公认会计准则计算，每股收益为 80 美分，营收为 107.4 亿美元。</blockquote></p><p>Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.</p><p><blockquote>特斯拉在4月初透露，第一季度交付了创纪录的184,800辆汽车，其中包括182,780辆Model 3/Y汽车和2020辆Model S/X汽车。这意味着同比增长 109%，环比增长 2.2%。季度产量为180,338。</blockquote></p><p><b>Focus On Regulatory Credits, Automotive Margins: </b> The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to&nbsp;earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.</p><p><blockquote><b>关注监管信贷、汽车利润率：</b>重点可能是监管信贷，2020 年第四季度监管信贷占其收入的 4.3%。几个州采用的零排放汽车法规允许电动汽车制造商获得监管积分，这些积分可以通过向传统汽车制造商出售来货币化，而传统汽车制造商无法实现为绿色能源汽车销售比例设定的最低目标。</blockquote></p><p>Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.</p><p><blockquote>2020年第四季度汽车毛利率从上一季度的27.7%下滑至24.1%。由于本季度价格较高的 Model S/X 车辆的生产陷入停滞，以便更新车型，该公司的利润率可能会进一步放缓。</blockquote></p><p><b>View more earnings on TSLA</b></p><p><blockquote><b>查看 TSLA 的更多收益</b></blockquote></p><p>With competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.</p><p><blockquote>特斯拉长期空头 Gordon Johnson 在一份预览季度业绩的报告中表示，随着竞争压力的加剧，特斯拉可能会大幅削减汽车价格，以实现批量生产目标。</blockquote></p><p>Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.</p><p><blockquote>特斯拉投资者可能也渴望了解更多有关该公司比特币投资战略及其允许使用比特币购买汽车的决定的信息。</blockquote></p><p><b>Forward Outlook:</b> Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles.<b> </b>Its&nbsp;Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.</p><p><blockquote><b>展望：</b>特斯拉处于有利地位，可以利用绿色能源汽车预期指数级增长带来的机遇。<b></b>其上海超级工厂目前正在生产 Model S 和 Model Y 汽车，随着柏林和德克萨斯州工厂的开业，预计产能将增加。</blockquote></p><p>Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales&nbsp;and expects to materially exceed the target in 2021.</p><p><blockquote>特斯拉首席财务官扎克·柯克霍恩 (Zach Kirkhorn) 在财报看涨期权上表示，该公司的目标是销量复合年增长率达到 50%，预计 2021 年将大幅超过目标。</blockquote></p><p><b>Stock Take: </b> Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.</p><p><blockquote><b>盘点：</b>特斯拉的股价在二月初之前一直飙升，加入了随后的科技抛售行列。该股从1月25日分割调整后的高点900.40美元，3月5日跌至539.49美元，从峰谷跌幅达40%。</blockquote></p><p>Although the stock has made good some of the losses since then, it is yet to break above $800 level.</p><p><blockquote>尽管该股此后弥补了部分损失，但尚未突破 800 美元水平。</blockquote></p><p>Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.</p><p><blockquote>CANACCORD Genuity 分析师 Jed Dorsheimer 在最近的一份报告中表示，特斯拉保持了数年的领先地位，目前正在积极扩展到存储领域，因此其股票的溢价估值是合理的。该公司对该股的目标价为 1,071 美元。</blockquote></p><p>Friday, Tesla's shares ended 1.35% higher at $729.40.</p><p><blockquote>周五，特斯拉股价收盘上涨 1.35%，至 729.40 美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130364766","content_text":"EV giant Tesla, Inc. (NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.Key Q1 Metrics to Watch For:  Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.Focus On Regulatory Credits, Automotive Margins:  The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.View more earnings on TSLAWith competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.Forward Outlook: Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles. Its Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales and expects to materially exceed the target in 2021.Stock Take:  Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.Although the stock has made good some of the losses since then, it is yet to break above $800 level.Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.Friday, Tesla's shares ended 1.35% higher at $729.40.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199190932,"gmtCreate":1620689713626,"gmtModify":1634197176917,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578492611847076","idStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Thats great news","listText":"Thats great news","text":"Thats great news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/199190932","repostId":"1161361346","repostType":4,"repost":{"id":"1161361346","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620655086,"share":"https://www.laohunote.com/m/news/1161361346?lang=zh_CN&edition=full","pubTime":"2021-05-10 21:58","market":"us","language":"en","title":"Sea fell about 7% in morning  trading Monday<blockquote>Sea 周一早盘交易中下跌约 7%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161361346","media":"Tiger Newspress","summary":"(May 10) Sea fell about 7% in morning  trading Monday.Sea says it has both the largest digital enter","content":"<p>(May 10)&nbsp;Sea fell about 7%&nbsp;in morning  trading Monday.</p><p><blockquote>（5月10日）Sea在周一早盘交易中下跌约7%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/f4fedd9c6aa7d89876f9443b167121bc\" tg-width=\"789\" tg-height=\"523\" referrerpolicy=\"no-referrer\">Sea says it has both the largest digital entertainment platform and the largest e-commerce operation in the Southeast Asia region, comprised of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore. Its market reach extends to Latin America.</p><p><blockquote>Sea 表示，它拥有东南亚地区最大的数字娱乐平台和最大的电子商务业务，该地区包括印度尼西亚、台湾、越南、泰国、菲律宾、马来西亚和新加坡。其市场覆盖范围延伸至拉丁美洲。</blockquote></p><p>Many Americans aren't familiar with&nbsp;<b>Sea Limited</b> But if you live in Southeast Asia or Latin America, chances are you're a fan of the company's<i>Free Fire</i>mobile game. It's the highest-grossing mobile game in the fast-growing regions.</p><p><blockquote>许多美国人不熟悉<b>海有限公司</b>但如果你住在东南亚或拉丁美洲，你很可能是该公司的粉丝<i>自由射击</i>手机游戏。这是快速增长地区收入最高的手机游戏。</blockquote></p><p>Sea Limited is agaming stock with a killer advantage. Free Fire doesn't cost anything to download. However, players pay to buy additional weapons or enhance their characters. That personal investment makes them more likely to keep playing. And it generated over $2 billion in revenue for Sea Limited last year.</p><p><blockquote>Sea Limited 是一只具有致命优势的博彩股票。Free Fire下载不需要任何费用。然而，玩家付费购买额外的武器或增强他们的角色。这种个人投资使他们更有可能继续玩下去。去年，它为 Sea Limited 创造了超过 20 亿美元的收入。</blockquote></p><p>The stock ranks as the No. 10 holding in Wood's&nbsp;<b>ARK Next Generation Internet ETF</b>&nbsp;and is No. 18 in her flagship&nbsp;<b>ARK Innovation ETF</b>. But Sea Limited isn't just an internet gaming stock; it's also a fast-growingfintech stock. It claims the No. 2 spot in the&nbsp;<b>ARK Fintech Innovation ETF</b>.</p><p><blockquote>该股在伍德的持股中排名第十<b>方舟下一代互联网ETF</b>在她的旗舰上排名第18<b>方舟创新ETF</b>但 Sea Limited 不仅仅是一只互联网游戏股票；它也是一只快速增长的金融科技股。它在世界排名第二<b>方舟金融科技创新ETF</b>.</blockquote></p><p>Sea Limited's e-commerce revenue more than doubled in 2020. The company's Shopee platform is the largest e-commerce site in Indonesia. Thanks to Shopee's success, the SeaMoney digital wallet is gaining momentum in Southeast Asia.</p><p><blockquote>Sea Limited 的电子商务收入在 2020 年增长了一倍多。该公司的Shopee平台是印度尼西亚最大的电子商务网站。由于Shopee的成功，SeaMoney数字钱包在东南亚势头强劲。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea fell about 7% in morning  trading Monday<blockquote>Sea 周一早盘交易中下跌约 7%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea fell about 7% in morning  trading Monday<blockquote>Sea 周一早盘交易中下跌约 7%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-10 21:58</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(May 10)&nbsp;Sea fell about 7%&nbsp;in morning  trading Monday.</p><p><blockquote>（5月10日）Sea在周一早盘交易中下跌约7%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/f4fedd9c6aa7d89876f9443b167121bc\" tg-width=\"789\" tg-height=\"523\" referrerpolicy=\"no-referrer\">Sea says it has both the largest digital entertainment platform and the largest e-commerce operation in the Southeast Asia region, comprised of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore. Its market reach extends to Latin America.</p><p><blockquote>Sea 表示，它拥有东南亚地区最大的数字娱乐平台和最大的电子商务业务，该地区包括印度尼西亚、台湾、越南、泰国、菲律宾、马来西亚和新加坡。其市场覆盖范围延伸至拉丁美洲。</blockquote></p><p>Many Americans aren't familiar with&nbsp;<b>Sea Limited</b> But if you live in Southeast Asia or Latin America, chances are you're a fan of the company's<i>Free Fire</i>mobile game. It's the highest-grossing mobile game in the fast-growing regions.</p><p><blockquote>许多美国人不熟悉<b>海有限公司</b>但如果你住在东南亚或拉丁美洲，你很可能是该公司的粉丝<i>自由射击</i>手机游戏。这是快速增长地区收入最高的手机游戏。</blockquote></p><p>Sea Limited is agaming stock with a killer advantage. Free Fire doesn't cost anything to download. However, players pay to buy additional weapons or enhance their characters. That personal investment makes them more likely to keep playing. And it generated over $2 billion in revenue for Sea Limited last year.</p><p><blockquote>Sea Limited 是一只具有致命优势的博彩股票。Free Fire下载不需要任何费用。然而，玩家付费购买额外的武器或增强他们的角色。这种个人投资使他们更有可能继续玩下去。去年，它为 Sea Limited 创造了超过 20 亿美元的收入。</blockquote></p><p>The stock ranks as the No. 10 holding in Wood's&nbsp;<b>ARK Next Generation Internet ETF</b>&nbsp;and is No. 18 in her flagship&nbsp;<b>ARK Innovation ETF</b>. But Sea Limited isn't just an internet gaming stock; it's also a fast-growingfintech stock. It claims the No. 2 spot in the&nbsp;<b>ARK Fintech Innovation ETF</b>.</p><p><blockquote>该股在伍德的持股中排名第十<b>方舟下一代互联网ETF</b>在她的旗舰上排名第18<b>方舟创新ETF</b>但 Sea Limited 不仅仅是一只互联网游戏股票；它也是一只快速增长的金融科技股。它在世界排名第二<b>方舟金融科技创新ETF</b>.</blockquote></p><p>Sea Limited's e-commerce revenue more than doubled in 2020. The company's Shopee platform is the largest e-commerce site in Indonesia. Thanks to Shopee's success, the SeaMoney digital wallet is gaining momentum in Southeast Asia.</p><p><blockquote>Sea Limited 的电子商务收入在 2020 年增长了一倍多。该公司的Shopee平台是印度尼西亚最大的电子商务网站。由于Shopee的成功，SeaMoney数字钱包在东南亚势头强劲。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161361346","content_text":"(May 10) Sea fell about 7% in morning  trading Monday.Sea says it has both the largest digital entertainment platform and the largest e-commerce operation in the Southeast Asia region, comprised of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore. Its market reach extends to Latin America.Many Americans aren't familiar with Sea Limited But if you live in Southeast Asia or Latin America, chances are you're a fan of the company'sFree Firemobile game. It's the highest-grossing mobile game in the fast-growing regions.Sea Limited is agaming stock with a killer advantage. Free Fire doesn't cost anything to download. However, players pay to buy additional weapons or enhance their characters. That personal investment makes them more likely to keep playing. And it generated over $2 billion in revenue for Sea Limited last year.The stock ranks as the No. 10 holding in Wood's ARK Next Generation Internet ETF and is No. 18 in her flagship ARK Innovation ETF. But Sea Limited isn't just an internet gaming stock; it's also a fast-growingfintech stock. It claims the No. 2 spot in the ARK Fintech Innovation ETF.Sea Limited's e-commerce revenue more than doubled in 2020. The company's Shopee platform is the largest e-commerce site in Indonesia. Thanks to Shopee's success, the SeaMoney digital wallet is gaining momentum in Southeast Asia.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":1244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375504240,"gmtCreate":1619357042480,"gmtModify":1634274037375,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578492611847076","idStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Thats nice//<a href=\"https://laohu8.com/U/3578492611847076\">@Zacong</a>: Cool","listText":"Thats nice//<a href=\"https://laohu8.com/U/3578492611847076\">@Zacong</a>: Cool","text":"Thats nice//@Zacong: Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/375504240","repostId":"2129680033","repostType":4,"repost":{"id":"2129680033","kind":"highlight","pubTimestamp":1619338263,"share":"https://www.laohunote.com/m/news/2129680033?lang=zh_CN&edition=full","pubTime":"2021-04-25 16:11","market":"us","language":"en","title":"Apple’s business is roaring, and investors are about to find out how much of that cash is coming their way<blockquote>苹果的生意蒸蒸日上，投资者们即将知道有多少现金会流向他们</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2129680033","media":"MarketWatch","summary":"Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could ge","content":"<p>Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could get back to double-digit dividend growth when it details investor-return plans for the year</p><p><blockquote>苹果盈利预览：在过去两年“更温和”的股息增长之后，苹果在详细说明今年的投资者回报计划时可能会恢复两位数的股息增长</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c3de8d4d6e2f179b5f904720051de74\" tg-width=\"1260\" tg-height=\"840\"><span>Apple's iPad and Mac momentum may have \"accelerated\" in the latest quarter, analyst argues. AFP/Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师认为，苹果iPad和Mac的势头可能在最近一个季度“加速”。法新社/盖蒂图片社</span></p></blockquote></p><p> After posting record sales and profits in its latest fiscal year, Apple Inc. is expected to show how much of its financial success will get delivered back to shareholders this year.</p><p><blockquote>在最近一个财年公布创纪录的销售额和利润后，苹果公司预计将展示其今年将有多少财务成功回馈给股东。</blockquote></p><p> Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> is expected to increase its dividend and authorize further stock buybacks when it announces fiscal second-quarter earnings Wednesday, part of the company's continued focus on returning money to shareholders as it aims to reduce its sizable cash pile. The company typically makes updates to its capital-return program alongside its March-quarter report, and the coming announcement could be a driver of Apple's post-earnings stock momentum.</p><p><blockquote>苹果<a href=\"https://laohu8.com/S/AAPL\">$(苹果)$</a>预计该公司将在周三公布第二财季收益时增加股息并授权进一步回购股票，这是该公司继续专注于向股东返还资金以减少其可观的现金储备的一部分。该公司通常会在发布三月份季度报告的同时更新其资本回报计划，即将发布的公告可能会推动苹果财报后股价上涨。</blockquote></p><p> \"We think Apple's capital return update could be the most incremental consideration coming out of Apple's upcoming F2Q21 results,\" Wells Fargo analyst Aaron Rakers wrote.</p><p><blockquote>富国银行分析师 Aaron Rakers 写道：“我们认为苹果的资本回报率更新可能是苹果即将发布的 2021 年第二季度业绩中最重要的考虑因素。”</blockquote></p><p> Though Apple shares have nearly doubled in the past year, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>'s Katy Huberty anticipates that the company will remain aggressive with its buybacks. She predicts that the company could add $60 billion to its buyback authorization this quarter, compared with the $50 billion increase that Apple approved a year ago .</p><p><blockquote>尽管苹果股价在过去一年几乎翻了一番，<a href=\"https://laohu8.com/S/MSTLW\">摩根士丹利</a>凯蒂·休伯蒂 (Katy Huberty) 预计该公司将继续积极进行回购。她预测，该公司本季度可能会增加 600 亿美元的回购授权，而苹果一年前批准的回购授权为 500 亿美元。</blockquote></p><p> Apple's pace of repurchases is unlikely to \"materially slow\" in the next 12 to 18 months, Huberty argued, as she projected that the company could buy back $18 billion worth of its stock each quarter until the end of fiscal 2022. That would reduce the number of shares outstanding by about 3% and leave Apple with a net-cash position of about $75 billion.</p><p><blockquote>休伯蒂认为，苹果的回购步伐在未来 12 至 18 个月内不太可能“大幅放缓”，因为她预计该公司每个季度可以回购价值 180 亿美元的股票，直到 2022 财年结束。这将使流通股数量减少约 3%，苹果的净现金头寸约为 750 亿美元。</blockquote></p><p> She also projects a 10% increase in Apple's dividend, which would bring the annual payout to 90 cents a share.</p><p><blockquote>她还预计苹果的股息将增加 10%，这将使每股年度股息达到 90 美分。</blockquote></p><p> Apple's dividend announcement could be a bigger driver of stock performance than the buyback plans, Wells Fargo's Rakers suggested. He thinks Apple could raise its dividend by at least 10%, an increase that would mark the highest annual hike since Apple's 16% bump in 2018 and stand in comparison to the \"more modest\" increases of 5.5% and 6.5% that Apple delivered in 2019 and 2020, respectively.</p><p><blockquote>富国银行的 Rakers 表示，苹果的股息宣布可能比回购计划更能推动股票表现。他认为苹果可能会将股息提高至少 10%，这一增幅将标志着自苹果 2018 年股息上涨 16% 以来的最高年度涨幅，相比之下，苹果分别在 2019 年和 2020 年实现了 5.5% 和 6.5% 的“更温和”增幅。</blockquote></p><p> \"Our positive view on Apple's continued ability to generate strong [free-cash flow] supports our view that the company could return its annual dividend growth trajectory into the double-digit [percent] range,\" he wrote.</p><p><blockquote>他写道：“我们对苹果持续产生强劲[自由现金流]能力的积极看法支持了我们的观点，即该公司可以将年度股息增长轨迹恢复到两位数[百分比]范围。”</blockquote></p><p> Rakers is expecting a roughly $50 billion increase to the buyback program, flat with a year ago.</p><p><blockquote>Rakers 预计回购计划将增加约 500 亿美元，与一年前持平。</blockquote></p><p> The company has set out to become net-cash-neutral, opting against blockbuster acquisitions and in favor of capital returns as it tries to winnow down its sizable net-cash balance, which stood at more than $80 billion as of Apple's last report. But Apple is also generating strong free-cash flow, with Huberty predicting a 30% increase this fiscal year and suggesting that it will take time before Apple achieves its target.</p><p><blockquote>该公司已着手实现净现金中性，选择不进行大规模收购，而支持资本回报，因为它试图减少其可观的净现金余额，截至苹果上一份报告，净现金余额已超过 800 亿美元。但苹果也产生了强劲的自由现金流，休伯蒂预测本财年将增长 30%，并表示苹果实现目标还需要时间。</blockquote></p><p> \"Apple is firing on all cylinders today and even as the company spends nearly $100 billion per year on shareholder returns, we believe the path to a net-cash-neutral position requires multiple more years of sustained strong shareholder returns,\" Huberty wrote.</p><p><blockquote>休伯蒂写道：“苹果今天正在全力以赴，尽管该公司每年在股东回报上花费近 1000 亿美元，但我们相信，实现净现金中性头寸的道路需要多年持续强劲的股东回报。”</blockquote></p><p> Apple repurchased an average of 2.5 million shares a day in the last nine months of 2020, Rakers noted, accounting for about 1.6% of the stock's daily trading volume.</p><p><blockquote>Rakers 指出，苹果在 2020 年最后 9 个月平均每天回购 250 万股股票，约占该股日交易量的 1.6%。</blockquote></p><p> <b>What to expect</b></p><p><blockquote><b>期待什么</b></blockquote></p><p> Earnings: Analysts tracked by FactSet expect that Apple earned 98 cents a share in the latest quarter, up from 64 cents a year earlier. According to Estimize, which crowdsources projections from hedge funds, academics and others, the average estimate calls for $1.02 a share.</p><p><blockquote>盈利：FactSet 追踪的分析师预计，苹果最新季度每股收益为 98 美分，高于去年同期的 64 美分。Estimize 从对冲基金、学者和其他人那里众包预测，平均估计评级为每股 1.02 美元。</blockquote></p><p> Revenue: The FactSet consensus models revenue of $76.7 billion, while the average estimate on Estimize is for $78.3 billion. Apple posted $58.3 billion in revenue during the prior March quarter, as COVID-19 shutdowns affected China and began to cause store closures in other parts of the world.</p><p><blockquote>收入：FactSet 共识模型的收入为 767 亿美元，而 Estimize 的平均估计为 783 亿美元。由于 COVID-19 关闭影响了中国大陆，并开始导致世界其他地区的商店关闭，苹果 3 月份上一季度的收入为 583 亿美元。</blockquote></p><p> Stock movement: Apple shares have fallen following three of the past five earnings reports. Shares have gained 91% over the past 12 months as the Dow Jones Industrial Average , of which Apple is a component, has risen 44%.</p><p><blockquote>股票走势：过去五份收益报告中有三份发布后，苹果股价下跌。过去 12 个月，苹果所在的道琼斯工业平均指数上涨了 44%，股价上涨了 91%。</blockquote></p><p> Of the 42 analysts tracked by FactSet who cover Apple's stock, 30 have buy ratings, nine have hold ratings, and three have sell ratings, with an average price target of $151.12.</p><p><blockquote>在 FactSet 追踪的 42 位关注苹果股票的分析师中，30 位给予买入评级，9 位给予持有评级，3 位给予卖出评级，平均目标价为 151.12 美元。</blockquote></p><p> <b>What else to watch for</b></p><p><blockquote><b>还有什么要注意的</b></blockquote></p><p></p><p> Apple has seen strong momentum in recent quarters amid a surge in demand for Macs and iPads during the pandemic and a successful iPhone 12 launch. Evercore ISI analyst Amit Daryanani predicts that the company continued to see good traction in the March quarter and could deliver results ahead of expectations.</p><p><blockquote>由于疫情期间对 Mac 和 iPad 的需求激增以及 iPhone 12 的成功推出，苹果最近几个季度的发展势头强劲。Evercore ISI 分析师 Amit Daryanani 预测，该公司在三月份季度将继续保持良好的吸引力，并可能超出预期交付业绩。</blockquote></p><p> The company could be more insulated than others from the continuing chip shortage given \"its status as <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest electronics purchasers in the world,\" Daryanani argued, noting that while manufacturing partner Foxconn mentioned some supply issues, that company said that the component shortage would affect a small fraction of customer orders.</p><p><blockquote>鉴于“其地位”，该公司可能比其他公司更能免受持续芯片短缺的影响<a href=\"https://laohu8.com/S/AONE\">一</a>Daryanani 认为，虽然制造合作伙伴富士康提到了一些供应问题，但该公司表示，零部件短缺将影响一小部分客户订单。</blockquote></p><p> Daryanani is upbeat about Apple's iPhone momentum in China and encouraged by Foxconn's indication that March-quarter performance would be better than what's typically seen for this period. That's consistent with Apple's own projections, he noted. He rates the stock at outperform with a $175 price target.</p><p><blockquote>Daryanani 对苹果 iPhone 在中国的发展势头持乐观态度，并对富士康表示 3 月份季度的业绩将好于这一时期的典型表现感到鼓舞。他指出，这与苹果自己的预测一致。他将该股评级为跑赢大盘，目标价为 175 美元。</blockquote></p><p> Wells Fargo's Rakers pointed to \"ongoing positive demand drivers\" but said he was \"reluctant to make a meaningful upside (iPhone-driven) call\" ahead of the release. His iPhone revenue estimate for the quarter is for $38.8 billion, while the FactSet consensus calls for $41.0 billion.</p><p><blockquote>富国银行的 Rakers 指出了“持续的积极需求驱动因素”，但表示他“不愿意在发布之前做出有意义的上行（iPhone 驱动的）看涨期权”。他预计本季度 iPhone 收入为 388 亿美元，而 FactSet 一致认为评级为 410 亿美元。</blockquote></p><p> Outside of the iPhone, Rakers expects that the company continues to see strong demand for iPads and Macs buoyed by at-home dynamics. He'll also be looking for broader commentary on supply issues.</p><p><blockquote>除了 iPhone 之外，Rakers 预计该公司将继续看到家庭动态推动对 iPad 和 Mac 的强劲需求。他还将寻求对供应问题更广泛的评论。</blockquote></p><p> \"With continued reports of overall semiconductor supply-chain tightness, presumably impacting Apple's Mac and iPad lead times, along with increasing DRAM prices, investors will be focused on Apple's thoughts on overall demand fulfillment and gross margin expectations,\" he wrote, while reiterating an overweight rating on the stock and a $160 target price.</p><p><blockquote>“随着有关整体半导体供应链紧张的持续报道，可能会影响苹果 Mac 和 iPad 的交货时间，以及 DRAM 价格上涨，投资者将关注苹果对整体需求满足和毛利率预期的看法，”他写道，同时重申了跑赢大盘对该股的评级和 160 美元的目标价。</blockquote></p><p> Morgan Stanley's Huberty has \"high confidence\" that Apple will beat March-quarter expectations and she's also expecting an upbeat outlook.</p><p><blockquote>摩根士丹利的休伯蒂“非常有信心”苹果将超出三月份季度的预期，她也预计前景乐观。</blockquote></p><p> \"We believe that much of the consumer and education-market strength that propelled the Mac and iPad to 21% year-over-year and 41% year-over-year growth the December quarter sustained, and even accelerated into the March quarter,\" she wrote, highlighting upbeat third-party Mac data from IDC.</p><p><blockquote>“我们相信，推动 Mac 和 iPad 同比增长 21% 和 41% 的消费者和教育市场力量在 12 月份季度得以维持，甚至加速到 3 月份季度，”她写道，强调了 IDC 乐观的第三方 Mac 数据。</blockquote></p><p> Huberty forecasts $8.2 billion in Mac revenue and $6.8 billion in iPad revenue for the quarter, significantly above the FactSet consensus, which calls for $6.7 billion and $5.6 billion, respectively. She has an overweight rating and $158 price target on Apple shares.</p><p><blockquote>Huberty 预测本季度 Mac 收入为 82 亿美元，iPad 收入为 68 亿美元，远高于 FactSet 的共识，FactSet 的评级分别为 67 亿美元和 56 亿美元。她对苹果股票给予跑赢大盘评级和 158 美元的目标价。</blockquote></p><p> Apple recently introduced new iPads and iMacs that could allow it to continue capitalizing on at-home trends, though these won't factor into the March-quarter numbers.</p><p><blockquote>苹果最近推出了新的 iPad 和 iMac，这可能使其能够继续利用家庭趋势，尽管这些不会计入 3 月份季度的数据。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple’s business is roaring, and investors are about to find out how much of that cash is coming their way<blockquote>苹果的生意蒸蒸日上，投资者们即将知道有多少现金会流向他们</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’s business is roaring, and investors are about to find out how much of that cash is coming their way<blockquote>苹果的生意蒸蒸日上，投资者们即将知道有多少现金会流向他们</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-04-25 16:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could get back to double-digit dividend growth when it details investor-return plans for the year</p><p><blockquote>苹果盈利预览：在过去两年“更温和”的股息增长之后，苹果在详细说明今年的投资者回报计划时可能会恢复两位数的股息增长</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c3de8d4d6e2f179b5f904720051de74\" tg-width=\"1260\" tg-height=\"840\"><span>Apple's iPad and Mac momentum may have \"accelerated\" in the latest quarter, analyst argues. AFP/Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师认为，苹果iPad和Mac的势头可能在最近一个季度“加速”。法新社/盖蒂图片社</span></p></blockquote></p><p> After posting record sales and profits in its latest fiscal year, Apple Inc. is expected to show how much of its financial success will get delivered back to shareholders this year.</p><p><blockquote>在最近一个财年公布创纪录的销售额和利润后，苹果公司预计将展示其今年将有多少财务成功回馈给股东。</blockquote></p><p> Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> is expected to increase its dividend and authorize further stock buybacks when it announces fiscal second-quarter earnings Wednesday, part of the company's continued focus on returning money to shareholders as it aims to reduce its sizable cash pile. The company typically makes updates to its capital-return program alongside its March-quarter report, and the coming announcement could be a driver of Apple's post-earnings stock momentum.</p><p><blockquote>苹果<a href=\"https://laohu8.com/S/AAPL\">$(苹果)$</a>预计该公司将在周三公布第二财季收益时增加股息并授权进一步回购股票，这是该公司继续专注于向股东返还资金以减少其可观的现金储备的一部分。该公司通常会在发布三月份季度报告的同时更新其资本回报计划，即将发布的公告可能会推动苹果财报后股价上涨。</blockquote></p><p> \"We think Apple's capital return update could be the most incremental consideration coming out of Apple's upcoming F2Q21 results,\" Wells Fargo analyst Aaron Rakers wrote.</p><p><blockquote>富国银行分析师 Aaron Rakers 写道：“我们认为苹果的资本回报率更新可能是苹果即将发布的 2021 年第二季度业绩中最重要的考虑因素。”</blockquote></p><p> Though Apple shares have nearly doubled in the past year, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>'s Katy Huberty anticipates that the company will remain aggressive with its buybacks. She predicts that the company could add $60 billion to its buyback authorization this quarter, compared with the $50 billion increase that Apple approved a year ago .</p><p><blockquote>尽管苹果股价在过去一年几乎翻了一番，<a href=\"https://laohu8.com/S/MSTLW\">摩根士丹利</a>凯蒂·休伯蒂 (Katy Huberty) 预计该公司将继续积极进行回购。她预测，该公司本季度可能会增加 600 亿美元的回购授权，而苹果一年前批准的回购授权为 500 亿美元。</blockquote></p><p> Apple's pace of repurchases is unlikely to \"materially slow\" in the next 12 to 18 months, Huberty argued, as she projected that the company could buy back $18 billion worth of its stock each quarter until the end of fiscal 2022. That would reduce the number of shares outstanding by about 3% and leave Apple with a net-cash position of about $75 billion.</p><p><blockquote>休伯蒂认为，苹果的回购步伐在未来 12 至 18 个月内不太可能“大幅放缓”，因为她预计该公司每个季度可以回购价值 180 亿美元的股票，直到 2022 财年结束。这将使流通股数量减少约 3%，苹果的净现金头寸约为 750 亿美元。</blockquote></p><p> She also projects a 10% increase in Apple's dividend, which would bring the annual payout to 90 cents a share.</p><p><blockquote>她还预计苹果的股息将增加 10%，这将使每股年度股息达到 90 美分。</blockquote></p><p> Apple's dividend announcement could be a bigger driver of stock performance than the buyback plans, Wells Fargo's Rakers suggested. He thinks Apple could raise its dividend by at least 10%, an increase that would mark the highest annual hike since Apple's 16% bump in 2018 and stand in comparison to the \"more modest\" increases of 5.5% and 6.5% that Apple delivered in 2019 and 2020, respectively.</p><p><blockquote>富国银行的 Rakers 表示，苹果的股息宣布可能比回购计划更能推动股票表现。他认为苹果可能会将股息提高至少 10%，这一增幅将标志着自苹果 2018 年股息上涨 16% 以来的最高年度涨幅，相比之下，苹果分别在 2019 年和 2020 年实现了 5.5% 和 6.5% 的“更温和”增幅。</blockquote></p><p> \"Our positive view on Apple's continued ability to generate strong [free-cash flow] supports our view that the company could return its annual dividend growth trajectory into the double-digit [percent] range,\" he wrote.</p><p><blockquote>他写道：“我们对苹果持续产生强劲[自由现金流]能力的积极看法支持了我们的观点，即该公司可以将年度股息增长轨迹恢复到两位数[百分比]范围。”</blockquote></p><p> Rakers is expecting a roughly $50 billion increase to the buyback program, flat with a year ago.</p><p><blockquote>Rakers 预计回购计划将增加约 500 亿美元，与一年前持平。</blockquote></p><p> The company has set out to become net-cash-neutral, opting against blockbuster acquisitions and in favor of capital returns as it tries to winnow down its sizable net-cash balance, which stood at more than $80 billion as of Apple's last report. But Apple is also generating strong free-cash flow, with Huberty predicting a 30% increase this fiscal year and suggesting that it will take time before Apple achieves its target.</p><p><blockquote>该公司已着手实现净现金中性，选择不进行大规模收购，而支持资本回报，因为它试图减少其可观的净现金余额，截至苹果上一份报告，净现金余额已超过 800 亿美元。但苹果也产生了强劲的自由现金流，休伯蒂预测本财年将增长 30%，并表示苹果实现目标还需要时间。</blockquote></p><p> \"Apple is firing on all cylinders today and even as the company spends nearly $100 billion per year on shareholder returns, we believe the path to a net-cash-neutral position requires multiple more years of sustained strong shareholder returns,\" Huberty wrote.</p><p><blockquote>休伯蒂写道：“苹果今天正在全力以赴，尽管该公司每年在股东回报上花费近 1000 亿美元，但我们相信，实现净现金中性头寸的道路需要多年持续强劲的股东回报。”</blockquote></p><p> Apple repurchased an average of 2.5 million shares a day in the last nine months of 2020, Rakers noted, accounting for about 1.6% of the stock's daily trading volume.</p><p><blockquote>Rakers 指出，苹果在 2020 年最后 9 个月平均每天回购 250 万股股票，约占该股日交易量的 1.6%。</blockquote></p><p> <b>What to expect</b></p><p><blockquote><b>期待什么</b></blockquote></p><p> Earnings: Analysts tracked by FactSet expect that Apple earned 98 cents a share in the latest quarter, up from 64 cents a year earlier. According to Estimize, which crowdsources projections from hedge funds, academics and others, the average estimate calls for $1.02 a share.</p><p><blockquote>盈利：FactSet 追踪的分析师预计，苹果最新季度每股收益为 98 美分，高于去年同期的 64 美分。Estimize 从对冲基金、学者和其他人那里众包预测，平均估计评级为每股 1.02 美元。</blockquote></p><p> Revenue: The FactSet consensus models revenue of $76.7 billion, while the average estimate on Estimize is for $78.3 billion. Apple posted $58.3 billion in revenue during the prior March quarter, as COVID-19 shutdowns affected China and began to cause store closures in other parts of the world.</p><p><blockquote>收入：FactSet 共识模型的收入为 767 亿美元，而 Estimize 的平均估计为 783 亿美元。由于 COVID-19 关闭影响了中国大陆，并开始导致世界其他地区的商店关闭，苹果 3 月份上一季度的收入为 583 亿美元。</blockquote></p><p> Stock movement: Apple shares have fallen following three of the past five earnings reports. Shares have gained 91% over the past 12 months as the Dow Jones Industrial Average , of which Apple is a component, has risen 44%.</p><p><blockquote>股票走势：过去五份收益报告中有三份发布后，苹果股价下跌。过去 12 个月，苹果所在的道琼斯工业平均指数上涨了 44%，股价上涨了 91%。</blockquote></p><p> Of the 42 analysts tracked by FactSet who cover Apple's stock, 30 have buy ratings, nine have hold ratings, and three have sell ratings, with an average price target of $151.12.</p><p><blockquote>在 FactSet 追踪的 42 位关注苹果股票的分析师中，30 位给予买入评级，9 位给予持有评级，3 位给予卖出评级，平均目标价为 151.12 美元。</blockquote></p><p> <b>What else to watch for</b></p><p><blockquote><b>还有什么要注意的</b></blockquote></p><p></p><p> Apple has seen strong momentum in recent quarters amid a surge in demand for Macs and iPads during the pandemic and a successful iPhone 12 launch. Evercore ISI analyst Amit Daryanani predicts that the company continued to see good traction in the March quarter and could deliver results ahead of expectations.</p><p><blockquote>由于疫情期间对 Mac 和 iPad 的需求激增以及 iPhone 12 的成功推出，苹果最近几个季度的发展势头强劲。Evercore ISI 分析师 Amit Daryanani 预测，该公司在三月份季度将继续保持良好的吸引力，并可能超出预期交付业绩。</blockquote></p><p> The company could be more insulated than others from the continuing chip shortage given \"its status as <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest electronics purchasers in the world,\" Daryanani argued, noting that while manufacturing partner Foxconn mentioned some supply issues, that company said that the component shortage would affect a small fraction of customer orders.</p><p><blockquote>鉴于“其地位”，该公司可能比其他公司更能免受持续芯片短缺的影响<a href=\"https://laohu8.com/S/AONE\">一</a>Daryanani 认为，虽然制造合作伙伴富士康提到了一些供应问题，但该公司表示，零部件短缺将影响一小部分客户订单。</blockquote></p><p> Daryanani is upbeat about Apple's iPhone momentum in China and encouraged by Foxconn's indication that March-quarter performance would be better than what's typically seen for this period. That's consistent with Apple's own projections, he noted. He rates the stock at outperform with a $175 price target.</p><p><blockquote>Daryanani 对苹果 iPhone 在中国的发展势头持乐观态度，并对富士康表示 3 月份季度的业绩将好于这一时期的典型表现感到鼓舞。他指出，这与苹果自己的预测一致。他将该股评级为跑赢大盘，目标价为 175 美元。</blockquote></p><p> Wells Fargo's Rakers pointed to \"ongoing positive demand drivers\" but said he was \"reluctant to make a meaningful upside (iPhone-driven) call\" ahead of the release. His iPhone revenue estimate for the quarter is for $38.8 billion, while the FactSet consensus calls for $41.0 billion.</p><p><blockquote>富国银行的 Rakers 指出了“持续的积极需求驱动因素”，但表示他“不愿意在发布之前做出有意义的上行（iPhone 驱动的）看涨期权”。他预计本季度 iPhone 收入为 388 亿美元，而 FactSet 一致认为评级为 410 亿美元。</blockquote></p><p> Outside of the iPhone, Rakers expects that the company continues to see strong demand for iPads and Macs buoyed by at-home dynamics. He'll also be looking for broader commentary on supply issues.</p><p><blockquote>除了 iPhone 之外，Rakers 预计该公司将继续看到家庭动态推动对 iPad 和 Mac 的强劲需求。他还将寻求对供应问题更广泛的评论。</blockquote></p><p> \"With continued reports of overall semiconductor supply-chain tightness, presumably impacting Apple's Mac and iPad lead times, along with increasing DRAM prices, investors will be focused on Apple's thoughts on overall demand fulfillment and gross margin expectations,\" he wrote, while reiterating an overweight rating on the stock and a $160 target price.</p><p><blockquote>“随着有关整体半导体供应链紧张的持续报道，可能会影响苹果 Mac 和 iPad 的交货时间，以及 DRAM 价格上涨，投资者将关注苹果对整体需求满足和毛利率预期的看法，”他写道，同时重申了跑赢大盘对该股的评级和 160 美元的目标价。</blockquote></p><p> Morgan Stanley's Huberty has \"high confidence\" that Apple will beat March-quarter expectations and she's also expecting an upbeat outlook.</p><p><blockquote>摩根士丹利的休伯蒂“非常有信心”苹果将超出三月份季度的预期，她也预计前景乐观。</blockquote></p><p> \"We believe that much of the consumer and education-market strength that propelled the Mac and iPad to 21% year-over-year and 41% year-over-year growth the December quarter sustained, and even accelerated into the March quarter,\" she wrote, highlighting upbeat third-party Mac data from IDC.</p><p><blockquote>“我们相信，推动 Mac 和 iPad 同比增长 21% 和 41% 的消费者和教育市场力量在 12 月份季度得以维持，甚至加速到 3 月份季度，”她写道，强调了 IDC 乐观的第三方 Mac 数据。</blockquote></p><p> Huberty forecasts $8.2 billion in Mac revenue and $6.8 billion in iPad revenue for the quarter, significantly above the FactSet consensus, which calls for $6.7 billion and $5.6 billion, respectively. She has an overweight rating and $158 price target on Apple shares.</p><p><blockquote>Huberty 预测本季度 Mac 收入为 82 亿美元，iPad 收入为 68 亿美元，远高于 FactSet 的共识，FactSet 的评级分别为 67 亿美元和 56 亿美元。她对苹果股票给予跑赢大盘评级和 158 美元的目标价。</blockquote></p><p> Apple recently introduced new iPads and iMacs that could allow it to continue capitalizing on at-home trends, though these won't factor into the March-quarter numbers.</p><p><blockquote>苹果最近推出了新的 iPad 和 iMac，这可能使其能够继续利用家庭趋势，尽管这些不会计入 3 月份季度的数据。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/apples-business-is-roaring-and-investors-are-about-to-find-out-how-much-of-that-cash-is-coming-their-way-11619194933?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.marketwatch.com/story/apples-business-is-roaring-and-investors-are-about-to-find-out-how-much-of-that-cash-is-coming-their-way-11619194933?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129680033","content_text":"Apple earnings preview: After 'more modest' dividend increases in the past two years, Apple could get back to double-digit dividend growth when it details investor-return plans for the year\nApple's iPad and Mac momentum may have \"accelerated\" in the latest quarter, analyst argues. AFP/Getty Images\nAfter posting record sales and profits in its latest fiscal year, Apple Inc. is expected to show how much of its financial success will get delivered back to shareholders this year.\nApple $(AAPL)$ is expected to increase its dividend and authorize further stock buybacks when it announces fiscal second-quarter earnings Wednesday, part of the company's continued focus on returning money to shareholders as it aims to reduce its sizable cash pile. The company typically makes updates to its capital-return program alongside its March-quarter report, and the coming announcement could be a driver of Apple's post-earnings stock momentum.\n\"We think Apple's capital return update could be the most incremental consideration coming out of Apple's upcoming F2Q21 results,\" Wells Fargo analyst Aaron Rakers wrote.\nThough Apple shares have nearly doubled in the past year, Morgan Stanley's Katy Huberty anticipates that the company will remain aggressive with its buybacks. She predicts that the company could add $60 billion to its buyback authorization this quarter, compared with the $50 billion increase that Apple approved a year ago .\nApple's pace of repurchases is unlikely to \"materially slow\" in the next 12 to 18 months, Huberty argued, as she projected that the company could buy back $18 billion worth of its stock each quarter until the end of fiscal 2022. That would reduce the number of shares outstanding by about 3% and leave Apple with a net-cash position of about $75 billion.\nShe also projects a 10% increase in Apple's dividend, which would bring the annual payout to 90 cents a share.\nApple's dividend announcement could be a bigger driver of stock performance than the buyback plans, Wells Fargo's Rakers suggested. He thinks Apple could raise its dividend by at least 10%, an increase that would mark the highest annual hike since Apple's 16% bump in 2018 and stand in comparison to the \"more modest\" increases of 5.5% and 6.5% that Apple delivered in 2019 and 2020, respectively.\n\"Our positive view on Apple's continued ability to generate strong [free-cash flow] supports our view that the company could return its annual dividend growth trajectory into the double-digit [percent] range,\" he wrote.\nRakers is expecting a roughly $50 billion increase to the buyback program, flat with a year ago.\nThe company has set out to become net-cash-neutral, opting against blockbuster acquisitions and in favor of capital returns as it tries to winnow down its sizable net-cash balance, which stood at more than $80 billion as of Apple's last report. But Apple is also generating strong free-cash flow, with Huberty predicting a 30% increase this fiscal year and suggesting that it will take time before Apple achieves its target.\n\"Apple is firing on all cylinders today and even as the company spends nearly $100 billion per year on shareholder returns, we believe the path to a net-cash-neutral position requires multiple more years of sustained strong shareholder returns,\" Huberty wrote.\nApple repurchased an average of 2.5 million shares a day in the last nine months of 2020, Rakers noted, accounting for about 1.6% of the stock's daily trading volume.\nWhat to expect\nEarnings: Analysts tracked by FactSet expect that Apple earned 98 cents a share in the latest quarter, up from 64 cents a year earlier. According to Estimize, which crowdsources projections from hedge funds, academics and others, the average estimate calls for $1.02 a share.\nRevenue: The FactSet consensus models revenue of $76.7 billion, while the average estimate on Estimize is for $78.3 billion. Apple posted $58.3 billion in revenue during the prior March quarter, as COVID-19 shutdowns affected China and began to cause store closures in other parts of the world.\nStock movement: Apple shares have fallen following three of the past five earnings reports. Shares have gained 91% over the past 12 months as the Dow Jones Industrial Average , of which Apple is a component, has risen 44%.\nOf the 42 analysts tracked by FactSet who cover Apple's stock, 30 have buy ratings, nine have hold ratings, and three have sell ratings, with an average price target of $151.12.\nWhat else to watch for\nApple has seen strong momentum in recent quarters amid a surge in demand for Macs and iPads during the pandemic and a successful iPhone 12 launch. Evercore ISI analyst Amit Daryanani predicts that the company continued to see good traction in the March quarter and could deliver results ahead of expectations.\nThe company could be more insulated than others from the continuing chip shortage given \"its status as one of the largest electronics purchasers in the world,\" Daryanani argued, noting that while manufacturing partner Foxconn mentioned some supply issues, that company said that the component shortage would affect a small fraction of customer orders.\nDaryanani is upbeat about Apple's iPhone momentum in China and encouraged by Foxconn's indication that March-quarter performance would be better than what's typically seen for this period. That's consistent with Apple's own projections, he noted. He rates the stock at outperform with a $175 price target.\nWells Fargo's Rakers pointed to \"ongoing positive demand drivers\" but said he was \"reluctant to make a meaningful upside (iPhone-driven) call\" ahead of the release. His iPhone revenue estimate for the quarter is for $38.8 billion, while the FactSet consensus calls for $41.0 billion.\nOutside of the iPhone, Rakers expects that the company continues to see strong demand for iPads and Macs buoyed by at-home dynamics. He'll also be looking for broader commentary on supply issues.\n\"With continued reports of overall semiconductor supply-chain tightness, presumably impacting Apple's Mac and iPad lead times, along with increasing DRAM prices, investors will be focused on Apple's thoughts on overall demand fulfillment and gross margin expectations,\" he wrote, while reiterating an overweight rating on the stock and a $160 target price.\nMorgan Stanley's Huberty has \"high confidence\" that Apple will beat March-quarter expectations and she's also expecting an upbeat outlook.\n\"We believe that much of the consumer and education-market strength that propelled the Mac and iPad to 21% year-over-year and 41% year-over-year growth the December quarter sustained, and even accelerated into the March quarter,\" she wrote, highlighting upbeat third-party Mac data from IDC.\nHuberty forecasts $8.2 billion in Mac revenue and $6.8 billion in iPad revenue for the quarter, significantly above the FactSet consensus, which calls for $6.7 billion and $5.6 billion, respectively. She has an overweight rating and $158 price target on Apple shares.\nApple recently introduced new iPads and iMacs that could allow it to continue capitalizing on at-home trends, though these won't factor into the March-quarter numbers.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376189771,"gmtCreate":1619097681493,"gmtModify":1634288593887,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578492611847076","idStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376189771","repostId":"2129385714","repostType":4,"isVote":1,"tweetType":1,"viewCount":1682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163592799,"gmtCreate":1623888157611,"gmtModify":1634026487337,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578492611847076","idStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Well done","listText":"Well done","text":"Well done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163592799","repostId":"1148768572","repostType":2,"repost":{"id":"1148768572","kind":"news","pubTimestamp":1623822306,"share":"https://www.laohunote.com/m/news/1148768572?lang=zh_CN&edition=full","pubTime":"2021-06-16 13:45","market":"us","language":"en","title":"Wish Stock: Patient Investors Could Soon See $20 Again<blockquote>Wish 股票：耐心的投资者可能很快就会再次看到 20 美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148768572","media":"seekingalpha","summary":"Summary\n\nWish (ContextLogic) remains one of the most underappreciated assets within e-commerce tradi","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Wish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.</li>  <li>Wish's latest partnership with PrestaShop will further accelerate international expansion and growth initiatives.</li>  <li>While accurate data regarding its short interest is difficult to find as most of its float is still locked up, I estimate a short interest between 30-40%.</li>  <li>I believe bear arguments including high marketing spend and stalling user numbers are already baked in the current share price.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/983667978a1675a8b256d7b0478a876c\" tg-width=\"1536\" tg-height=\"934\" referrerpolicy=\"no-referrer\"><span>JuSun/iStock via Getty Images</span></p><p><blockquote><ul><li>Wish (ContextLogic) 仍然是电子商务交易中最被低估的资产之一，远期销售额仅为 1.3 倍。</li><li>Wish与PrestaShop的最新合作伙伴关系将进一步加速国际扩张和增长计划。</li><li>虽然由于其大部分流通量仍被锁定，因此很难找到有关其空头权益的准确数据，但我估计空头权益在 30-40% 之间。</li><li>我认为，包括高营销支出和停滞不前的用户数量在内的熊市论点已经在当前的股价中形成。</li></ul><p class=\"t-img-caption\"><span>JuSun/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>Overview</b></p><p><blockquote><b>概述</b></blockquote></p><p> ContextLogic (WISH) has been a wild ride for shareholders, as high volatility continues to cause significant price movements in recent weeks. The e-commerce platform initially went public in December at $20 per share before surging to an all-time high of $32 in February due to a momentum-driven rally. That said, shares have steadily plunged ever since, hitting an all-time low of just $7 in June, but are now recovering swiftly after increased interest from the retail trading sector. Here, the stock is favored due to its high volatility, short interest, and enormous upside potential.</p><p><blockquote>ContextLogic (WISH) 对股东来说是一次疯狂的旅程，因为最近几周高波动性继续导致价格大幅波动。该电子商务平台最初于 12 月以每股 20 美元的价格上市，但由于势头驱动的反弹，2 月份股价飙升至 32 美元的历史新高。尽管如此，此后股价一直在稳步暴跌，6 月份触及 7 美元的历史低点，但在零售交易行业兴趣增加后，股价现在正在迅速复苏。在这里，该股因其高波动性、短期利息和巨大的上涨潜力而受到青睐。</blockquote></p><p> In this context, I believe that the high short interest has increasingly pushed shares below fair value and that patient investors could soon see $20 or more again as the company is working through logistic challenges and will soon return to economies of scale. In this regard, the e-commerce platform has a unique value proposition and is well-positioned to gain market share in a $6 trillion e-commerce industry.</p><p><blockquote>在这种背景下，我认为高空头利息越来越多地将股价推至公允价值以下，耐心的投资者可能很快就会再次看到 20 美元或更高，因为该公司正在克服物流挑战，并将很快恢复规模经济。在这方面，电子商务平台具有独特的价值主张，并处于有利地位，可以在6万亿美元的电子商务行业中获得市场份额。</blockquote></p><p> <b>The Digital Dollar Tree</b></p><p><blockquote><b>数字美元树</b></blockquote></p><p> Wish has been criticized heavily as an e-commerce platform, and I would almost argue that its image of being a third-party 'dropshipping' site for Chinese merchants has kept investors away from the stock so far. However, this may only be partially true. Essentially, Wish has inverted Amazon's(NASDAQ:AMZN)business model through low-priced (low-quality) products and sluggish delivery times that may lead to week-long delivery times. This is because Wish does not handle shipping itself, which is why it can offer these ultra-low prices of offering a hoodie for $2 plus $2 shipping.</p><p><blockquote>Wish 作为一个电子商务平台受到了严厉批评，我几乎可以说，迄今为止，它作为中国商家第三方“直运”网站的形象让投资者远离了该股票。然而，这可能只是部分正确。从本质上讲，Wish 通过低价（低质量）产品和可能导致长达数周的缓慢交货时间颠覆了亚马逊（纳斯达克股票代码：AMZN）的商业模式。这是因为Wish不处理运输本身，这就是为什么它可以提供这些超低的价格，以2美元加2美元的运费提供一件连帽衫。</blockquote></p><p> Frankly, Wish is still dependent on Chinese merchants, accounting for most of its product catalogs. This is unsurprising, considering that most goods are produced in China as the production costs are among the lowest in the world. Most of the goods being sold on Amazon or eBay(NASDAQ:EBAY)were also produced in China, although they earn a higher perception due to one-day delivery shipping programs or higher prices.</p><p><blockquote>坦率地说，Wish仍然依赖中国商家，占其产品目录的大部分。考虑到大多数商品都是在中国生产的，因为生产成本是世界上最低的之一，这并不奇怪。亚马逊或 eBay（纳斯达克股票代码：eBay）上销售的大多数商品也是在中国生产的，尽管由于一日送达运输计划或更高的价格，它们获得了更高的知名度。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2bea733440e86851af57559c6a5fd6bd\" tg-width=\"640\" tg-height=\"363\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Now, I view Wish as the digital dollar tree, where online shoppers discover items that they want, not need. In the process, customers have more patience for products and are willing to wait longer for them to arrive. Wish is working towards addressing both of these issues (quality and merchant diversification) as its platform is gaining popularity. Here, it has been investing in logistics to offer quicker delivery, demonstrated by a 275% YoY increase in logistics revenue. Since these revenues provide low margins, its overall gross margins have decreased in accordance. However, once it achieves economies of scale in the segment, margin growth should reverse and trail back towards 70%.</p><p><blockquote>现在，我把Wish看作是数字美元树，网上购物者可以在这里发现他们想要的而不是需要的商品。在这个过程中，客户对产品有了更多的耐心，愿意等待更长时间才能到货。随着其平台越来越受欢迎，Wish正在努力解决这两个问题（质量和商家多元化）。在这里，它一直在投资物流以提供更快的交付速度，物流收入同比增长 275% 就证明了这一点。由于这些收入提供的利润率较低，其整体毛利率也相应下降。然而，一旦该领域实现规模经济，利润率增长应该会逆转并回落至 70%。</blockquote></p><p> It is also addressing the second issue by continuously growing its international merchant base. Here, U.S. merchants increased by over 400% YoY, and a similar trend is to be seen in other countries. Moreover, it is growing Wish Local, a service connecting local businesses to the platform, accounting for 7% of all Wish orders. Wish local is mostly (or exclusively) available in the United States and thus increasingly mixes with other products on the website.</p><p><blockquote>它还通过不断扩大其国际商户基础来解决第二个问题。在这里，美国商家同比增长超过400%，其他国家也有类似的趋势。此外，它正在发展Wish Local，这是一项将本地企业连接到平台的服务，占所有Wish订单的7%。Wish local主要（或只）在美国有售，因此越来越多地与网站上的其他产品混合使用。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09eb88453d075db6b7b8edd21f981b4a\" tg-width=\"640\" tg-height=\"381\"><span>Source: Sensor Tower</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：传感器塔</span></p></blockquote></p><p> I also like Wish's strategy to engage and retain users by utilizing an AI matching system that optimizes platform growth, user experience, and merchant return on investment. The strategy to create an interactive mobile shopping experience appears to be working well: Impressively, Wish gets over500,000reviews per day from users, surpassing even Amazon and other shopping sites in this regard, demonstrating just about how engaging the platform is. Around 80% of first-time shoppersreturnto buy again.</p><p><blockquote>我也喜欢Wish通过利用人工智能匹配系统来吸引和留住用户的策略，该系统优化了平台增长、用户体验和商家投资回报。创建交互式移动购物体验的策略似乎运行良好：令人印象深刻的是，Wish每天从用户那里获得超过50万条评论，在这方面甚至超过了亚马逊和其他购物网站，这表明了该平台的吸引力。大约80%的首次购物者会再次购买。</blockquote></p><p></p><p> Wish is, therefore, able to establish itself in the highly competitive E-commerce market that offers a tremendous runway for growth. Currently, around 40% of the E-commerce market share is owned just by Amazon. Compared to Amazon, its TAM may be limited as it concentrates on its lower-income niche, which is how it became popular in the first place. Still, this represents a +$3 trillion market opportunity for Wish to tap into. It is also worth noting that according toreports, Amazon tried to acquire Wish for $10 billion, yet Wish rejected, believing growing the business to $100 billion in annual sales, at which point it would be valued significantly higher.</p><p><blockquote>因此，Wish能够在竞争激烈的电子商务市场中立足，为增长提供了巨大的跑道。目前，约40%的电子商务市场份额仅由亚马逊拥有。与亚马逊相比，其 TAM 可能有限，因为它专注于低收入市场，这也是它最初流行的原因。尽管如此，这仍然代表着 Wish 可以利用的价值 3 万亿美元的市场机会。还值得注意的是，据toreports报道，亚马逊试图以100亿美元收购Wish，但Wish拒绝了，认为将业务年销售额增长到1000亿美元，届时其估值将明显更高。</blockquote></p><p> <b>Negative Sentiment Baked In</b></p><p><blockquote><b>负面情绪持续存在</b></blockquote></p><p> Wish's first two quarters have been slightly disappointing. While the company handily beat revenue estimates, the company burned through over $300 million in cash in order to invest in logistics. More importantly, however, is the fact that MAUs have dropped steadily, which the company blames on de-de-emphasizing advertising and customer acquisition as the company worked through logistics challenges it faced earlier in the year.</p><p><blockquote>Wish 的前两个季度有点令人失望。虽然该公司轻松超出了收入预期，但为了投资物流，该公司烧掉了超过 3 亿美元的现金。然而，更重要的是，MAU 稳步下降，该公司将此归咎于公司在应对今年早些时候面临的物流挑战时不再强调广告和客户获取。</blockquote></p><p> <table>  <tbody>   <tr>    <td>Year</td>    <td>2020</td>    <td>2019</td>    <td>2018</td>   </tr>   <tr>    <td>Revenue</td>    <td>$2.54B</td>    <td>$1.9B</td>    <td>$1.73B</td>   </tr>   <tr>    <td>Gross Profit</td>    <td>$1.59B</td>    <td>$1.46B</td>    <td>$1.45B</td>   </tr>   <tr>    <td><b>Sales and Marketing</b></td>    <td><b>$1.71B (+17%)</b></td>    <td><b>$1.46B (-7%)</b></td>    <td><b>$1.57B</b></td>   </tr>   <tr>    <td>MAUs</td>    <td>107M (+19%)</td>    <td>90M (+10%)</p><p><blockquote><table><tbody><tr><td>年</td><td>2020</td><td>2019</td><td>2018</td></tr><tr><td>收入</td><td>$254B</td><td>19亿美元</td><td>17.3亿美元</td></tr><tr><td>毛利</td><td>15.9亿美元</td><td>14.6亿美元</td><td>14.5亿美元</td></tr><tr><td><b>销售及市场推广</b></td><td><b>17.1亿美元（+17%）</b></td><td><b>14.6亿美元（-7%）</b></td><td><b>$15.7B</b></td></tr><tr><td>老鼠</td><td>1.07亿（+19%）</td><td>90米（+10%）</td></tr></tbody></table></blockquote></p><p></td>    <td>82M</td>   </tr>   <tr>    <td><b>Active Buyers</b></td>    <td><b>64M (+3%)</b></td>    <td><b>62M (-3%)</b></td>    <td><b>64M</b></td>   </tr>  </tbody> </table> *Growth (Year-over-Year)</p><p><blockquote><td>82米</td><tr><td><b>活跃买家</b></td><td><b>6400万（+3%）</b></td><td><b>6200万（-3%）</b></td><td><b>64米</b></td></tr>*增长（同比）</blockquote></p><p> The largest bear argument against Wish is its high marketing expenses, which account for 60% of its total revenues and over 100% of its gross profits. This is totally fine unless it grows its active buyers through marketing, which unfortunately has not been the case. This is a red flag and questions the long-term sustainability of Wish's business model. However, the company has been close to being cash flow positive, and it stated it already would be profitable if it weren't for its extensive marketing expense. That said, as long as Wish acquires new MAUs and increases value through logistic services, its marketing expenses pay off in the long run. Moreover, as a percentage of total revenues, Wish's marketing expenses have dropped to 60%, down from 67% in the year prior.</p><p><blockquote>反对 Wish 的最大理由是其高昂的营销费用，占其总收入的 60%，毛利润的 100% 以上。这完全没问题，除非它通过营销来增加活跃买家，但不幸的是，情况并非如此。这是一个危险信号，令人质疑 Wish 商业模式的长期可持续性。然而，该公司的现金流已接近正，并表示如果不是因为大量的营销费用，它已经实现了盈利。也就是说，只要Wish获得新的MAU并通过物流服务增加价值，从长远来看，其营销费用就会得到回报。此外，Wish 的营销费用占总收入的比例已从上一年的 67% 降至 60%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e18c23728274ee708d896923820b282\" tg-width=\"635\" tg-height=\"278\"><span>Source: Wish IR</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Wish IR</span></p></blockquote></p><p> In terms of the outlook, this is what the company is essentially stressing. It believes marketing expenses can decrease to 40-45%, leading to EBITDA margins of 25% at the midpoint range. If it achieves these ambitious goals (which is very well possible), its profitability margins would be similar to those of eBay or MercadoLibre(NASDAQ:MELI). In either way, Wish's business model is not perfect, but all these concerns are more than baked in its current valuation, IMO (In My Opinion).</p><p><blockquote>就前景而言，这是该公司本质上强调的。它认为营销费用可以降至 40-45%，从而使 EBITDA 利润率在中点范围内达到 25%。如果它实现这些雄心勃勃的目标（这是很有可能的），其利润率将与 eBay 或 MercadoLibre（纳斯达克股票代码：MELI）相似。无论哪种方式，Wish 的商业模式都并不完美，但在我看来，所有这些担忧都不仅仅体现在其当前的估值中。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54029f94c37f301d26e93a11636280e7\" tg-width=\"635\" tg-height=\"470\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来源：YCharts</span></p></blockquote></p><p> Even after the latest +50% rise, shares are still trailing far behind peers such as Poshmark(NASDAQ:POSH), eBay, Amazon, and (Shopify(NYSE:SHOP)). At over $3 billion estimated revenues, Wish is trading at just 1.8x Price to Sales, just half of eBay's current valuation and much lower than Poshmark. Current estimates are calling for over $6 billion in revenues by 2025 and $1 billion in free cash flow, meaning that Wish trades at just 7x free cash flow estimates, or 1 times sales. In early 2021, its P/S ratio stood closer to 5x, so there is potential for a valuation expansion.</p><p><blockquote>即使在最近一次上涨 +50% 之后，股价仍然远远落后于 Poshmark（纳斯达克股票代码：POSH）、eBay、亚马逊和 (Shopify（纽约证券交易所股票代码：SHOP）) 等同行。Wish 的预计收入超过 30 亿美元，其市销率仅为 1.8 倍，仅为 eBay 当前估值的一半，远低于 Poshmark。目前的估计是，到 2025 年，收入将超过 60 亿美元，自由现金流将达到 10 亿美元，这意味着 Wish 的交易价格仅为自由现金流估计的 7 倍，即销售额的 1 倍。2021年初，其市盈率接近5倍，因此存在估值扩张的潜力。</blockquote></p><p> <b>What about the Lawsuits?</b></p><p><blockquote><b>诉讼呢？</b></blockquote></p><p> Perhaps you've seen the news (especially on Yahoo Finance) regarding the class actionlawsuits. These lawsuits are extensively posted to remind investors of recovering incurred losses after its share price dropped in recent months. Such lawsuits are not unusual when stocks drop sharply in a short period of time and are likely of no concern to investors. These lawsuits have also included companies such asCloverHealth(NASDAQ:CLOV), Skillz(NYSE:SKLZ), Array Technologies(NASDAQ:ARRY), etc.</p><p><blockquote>也许你已经看过关于集体诉讼的新闻（尤其是在雅虎财经上）。这些诉讼被广泛发布，以提醒投资者在近几个月股价下跌后挽回遭受的损失。当股票在短时间内大幅下跌时，此类诉讼并不罕见，投资者可能不会担心。这些诉讼还包括 CloverHealth（纳斯达克股票代码：CLOV）、Skillz（纽约证券交易所股票代码：SKLZ）、Array Technologies（纳斯达克股票代码：ARRY）等公司。</blockquote></p><p> Short Interest - Still High</p><p><blockquote>空头利息 - 仍然很高</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/875b3fdaf74f1ef639b51d77a3aac01f\" tg-width=\"640\" tg-height=\"360\"><span>Source: Fintel</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Fintel</span></p></blockquote></p><p></p><p> Wish has gained significant attraction from retail investors, as investors were looking for the next big short squeeze. Since most of Wish's shares have still been locked up, its exact short ratio was difficult to estimate. According to Seeking Alpha, the current short ratio stands at just 7%, but the figure is likely higher. Last week, its short interest as a percent of its equity float stood at roughly 48%, according to Bloomberg Terminal data. Other sources such as Fintel pin the current short volume at 20-30%. Now, it's difficult to give an exact estimate, but generally speaking, it's probably somewhere within this range, and many short calls are still to be covered. In the long term, the high-short interest could be an advantage, leading to a quicker acceleration if the stock begins trending upwards.</p><p><blockquote>Wish 获得了散户投资者的巨大吸引力，因为投资者正在寻找下一次大规模的空头挤压。由于Wish的大部分股票仍被锁定，其确切的空头比率很难估计。根据Seeking Alpha的数据，目前的空头比率仅为7%，但这个数字可能会更高。根据彭博终端数据，上周其空头权益占其股本流通量的百分比约为 48%。Fintel 等其他来源将当前空头交易量固定在 20-30%。现在，很难给出一个准确的估计，但总的来说，大概在这个范围内的某个地方，很多空头评级还有待覆盖。从长远来看，高空头利息可能是一个优势，如果股票开始上涨，就会导致更快的加速。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> I believe that Wish remains one of the most underappreciated assets within e-commerce, boasting over 100 million monthly users on its platform and connecting thousands of merchants from all over the world. The mobile shopping app continues to be one of the top downloaded shopping apps in the space and has a unique value proposition, which is smarter than it appears at first sight. Moreover, its latestpartnershipwith PrestaShop will give over 300,000 merchants free access to a direct integration that connects them directly to Wish's merchant dashboard, further driving growth. While there are risks to Wish's imperfect business model, such as lagging profitability, patient investors could be rewarded mightily.</p><p><blockquote>我相信Wish仍然是电子商务中最被低估的资产之一，其平台上每月拥有超过1亿用户，并连接了来自世界各地的数千家商家。移动购物应用程序仍然是该领域下载量最高的购物应用程序之一，并具有独特的价值主张，这比乍一看更智能。此外，其与 PrestaShop 的最新合作伙伴关系将使超过 300,000 家商家免费获得直接集成，将他们直接连接到 Wish 的商家仪表板，从而进一步推动增长。虽然 Wish 不完善的商业模式存在风险，例如盈利能力滞后，但耐心的投资者可能会获得丰厚的回报。</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>Wish Stock: Patient Investors Could Soon See $20 Again<blockquote>Wish 股票：耐心的投资者可能很快就会再次看到 20 美元</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\">\nWish Stock: Patient Investors Could Soon See $20 Again<blockquote>Wish 股票：耐心的投资者可能很快就会再次看到 20 美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-16 13:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Wish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.</li>  <li>Wish's latest partnership with PrestaShop will further accelerate international expansion and growth initiatives.</li>  <li>While accurate data regarding its short interest is difficult to find as most of its float is still locked up, I estimate a short interest between 30-40%.</li>  <li>I believe bear arguments including high marketing spend and stalling user numbers are already baked in the current share price.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/983667978a1675a8b256d7b0478a876c\" tg-width=\"1536\" tg-height=\"934\" referrerpolicy=\"no-referrer\"><span>JuSun/iStock via Getty Images</span></p><p><blockquote><ul><li>Wish (ContextLogic) 仍然是电子商务交易中最被低估的资产之一，远期销售额仅为 1.3 倍。</li><li>Wish与PrestaShop的最新合作伙伴关系将进一步加速国际扩张和增长计划。</li><li>虽然由于其大部分流通量仍被锁定，因此很难找到有关其空头权益的准确数据，但我估计空头权益在 30-40% 之间。</li><li>我认为，包括高营销支出和停滞不前的用户数量在内的熊市论点已经在当前的股价中形成。</li></ul><p class=\"t-img-caption\"><span>JuSun/iStock 来自盖蒂图片社</span></p></blockquote></p><p> <b>Overview</b></p><p><blockquote><b>概述</b></blockquote></p><p> ContextLogic (WISH) has been a wild ride for shareholders, as high volatility continues to cause significant price movements in recent weeks. The e-commerce platform initially went public in December at $20 per share before surging to an all-time high of $32 in February due to a momentum-driven rally. That said, shares have steadily plunged ever since, hitting an all-time low of just $7 in June, but are now recovering swiftly after increased interest from the retail trading sector. Here, the stock is favored due to its high volatility, short interest, and enormous upside potential.</p><p><blockquote>ContextLogic (WISH) 对股东来说是一次疯狂的旅程，因为最近几周高波动性继续导致价格大幅波动。该电子商务平台最初于 12 月以每股 20 美元的价格上市，但由于势头驱动的反弹，2 月份股价飙升至 32 美元的历史新高。尽管如此，此后股价一直在稳步暴跌，6 月份触及 7 美元的历史低点，但在零售交易行业兴趣增加后，股价现在正在迅速复苏。在这里，该股因其高波动性、短期利息和巨大的上涨潜力而受到青睐。</blockquote></p><p> In this context, I believe that the high short interest has increasingly pushed shares below fair value and that patient investors could soon see $20 or more again as the company is working through logistic challenges and will soon return to economies of scale. In this regard, the e-commerce platform has a unique value proposition and is well-positioned to gain market share in a $6 trillion e-commerce industry.</p><p><blockquote>在这种背景下，我认为高空头利息越来越多地将股价推至公允价值以下，耐心的投资者可能很快就会再次看到 20 美元或更高，因为该公司正在克服物流挑战，并将很快恢复规模经济。在这方面，电子商务平台具有独特的价值主张，并处于有利地位，可以在6万亿美元的电子商务行业中获得市场份额。</blockquote></p><p> <b>The Digital Dollar Tree</b></p><p><blockquote><b>数字美元树</b></blockquote></p><p> Wish has been criticized heavily as an e-commerce platform, and I would almost argue that its image of being a third-party 'dropshipping' site for Chinese merchants has kept investors away from the stock so far. However, this may only be partially true. Essentially, Wish has inverted Amazon's(NASDAQ:AMZN)business model through low-priced (low-quality) products and sluggish delivery times that may lead to week-long delivery times. This is because Wish does not handle shipping itself, which is why it can offer these ultra-low prices of offering a hoodie for $2 plus $2 shipping.</p><p><blockquote>Wish 作为一个电子商务平台受到了严厉批评，我几乎可以说，迄今为止，它作为中国商家第三方“直运”网站的形象让投资者远离了该股票。然而，这可能只是部分正确。从本质上讲，Wish 通过低价（低质量）产品和可能导致长达数周的缓慢交货时间颠覆了亚马逊（纳斯达克股票代码：AMZN）的商业模式。这是因为Wish不处理运输本身，这就是为什么它可以提供这些超低的价格，以2美元加2美元的运费提供一件连帽衫。</blockquote></p><p> Frankly, Wish is still dependent on Chinese merchants, accounting for most of its product catalogs. This is unsurprising, considering that most goods are produced in China as the production costs are among the lowest in the world. Most of the goods being sold on Amazon or eBay(NASDAQ:EBAY)were also produced in China, although they earn a higher perception due to one-day delivery shipping programs or higher prices.</p><p><blockquote>坦率地说，Wish仍然依赖中国商家，占其产品目录的大部分。考虑到大多数商品都是在中国生产的，因为生产成本是世界上最低的之一，这并不奇怪。亚马逊或 eBay（纳斯达克股票代码：eBay）上销售的大多数商品也是在中国生产的，尽管由于一日送达运输计划或更高的价格，它们获得了更高的知名度。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2bea733440e86851af57559c6a5fd6bd\" tg-width=\"640\" tg-height=\"363\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Now, I view Wish as the digital dollar tree, where online shoppers discover items that they want, not need. In the process, customers have more patience for products and are willing to wait longer for them to arrive. Wish is working towards addressing both of these issues (quality and merchant diversification) as its platform is gaining popularity. Here, it has been investing in logistics to offer quicker delivery, demonstrated by a 275% YoY increase in logistics revenue. Since these revenues provide low margins, its overall gross margins have decreased in accordance. However, once it achieves economies of scale in the segment, margin growth should reverse and trail back towards 70%.</p><p><blockquote>现在，我把Wish看作是数字美元树，网上购物者可以在这里发现他们想要的而不是需要的商品。在这个过程中，客户对产品有了更多的耐心，愿意等待更长时间才能到货。随着其平台越来越受欢迎，Wish正在努力解决这两个问题（质量和商家多元化）。在这里，它一直在投资物流以提供更快的交付速度，物流收入同比增长 275% 就证明了这一点。由于这些收入提供的利润率较低，其整体毛利率也相应下降。然而，一旦该领域实现规模经济，利润率增长应该会逆转并回落至 70%。</blockquote></p><p> It is also addressing the second issue by continuously growing its international merchant base. Here, U.S. merchants increased by over 400% YoY, and a similar trend is to be seen in other countries. Moreover, it is growing Wish Local, a service connecting local businesses to the platform, accounting for 7% of all Wish orders. Wish local is mostly (or exclusively) available in the United States and thus increasingly mixes with other products on the website.</p><p><blockquote>它还通过不断扩大其国际商户基础来解决第二个问题。在这里，美国商家同比增长超过400%，其他国家也有类似的趋势。此外，它正在发展Wish Local，这是一项将本地企业连接到平台的服务，占所有Wish订单的7%。Wish local主要（或只）在美国有售，因此越来越多地与网站上的其他产品混合使用。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09eb88453d075db6b7b8edd21f981b4a\" tg-width=\"640\" tg-height=\"381\"><span>Source: Sensor Tower</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：传感器塔</span></p></blockquote></p><p> I also like Wish's strategy to engage and retain users by utilizing an AI matching system that optimizes platform growth, user experience, and merchant return on investment. The strategy to create an interactive mobile shopping experience appears to be working well: Impressively, Wish gets over500,000reviews per day from users, surpassing even Amazon and other shopping sites in this regard, demonstrating just about how engaging the platform is. Around 80% of first-time shoppersreturnto buy again.</p><p><blockquote>我也喜欢Wish通过利用人工智能匹配系统来吸引和留住用户的策略，该系统优化了平台增长、用户体验和商家投资回报。创建交互式移动购物体验的策略似乎运行良好：令人印象深刻的是，Wish每天从用户那里获得超过50万条评论，在这方面甚至超过了亚马逊和其他购物网站，这表明了该平台的吸引力。大约80%的首次购物者会再次购买。</blockquote></p><p></p><p> Wish is, therefore, able to establish itself in the highly competitive E-commerce market that offers a tremendous runway for growth. Currently, around 40% of the E-commerce market share is owned just by Amazon. Compared to Amazon, its TAM may be limited as it concentrates on its lower-income niche, which is how it became popular in the first place. Still, this represents a +$3 trillion market opportunity for Wish to tap into. It is also worth noting that according toreports, Amazon tried to acquire Wish for $10 billion, yet Wish rejected, believing growing the business to $100 billion in annual sales, at which point it would be valued significantly higher.</p><p><blockquote>因此，Wish能够在竞争激烈的电子商务市场中立足，为增长提供了巨大的跑道。目前，约40%的电子商务市场份额仅由亚马逊拥有。与亚马逊相比，其 TAM 可能有限，因为它专注于低收入市场，这也是它最初流行的原因。尽管如此，这仍然代表着 Wish 可以利用的价值 3 万亿美元的市场机会。还值得注意的是，据toreports报道，亚马逊试图以100亿美元收购Wish，但Wish拒绝了，认为将业务年销售额增长到1000亿美元，届时其估值将明显更高。</blockquote></p><p> <b>Negative Sentiment Baked In</b></p><p><blockquote><b>负面情绪持续存在</b></blockquote></p><p> Wish's first two quarters have been slightly disappointing. While the company handily beat revenue estimates, the company burned through over $300 million in cash in order to invest in logistics. More importantly, however, is the fact that MAUs have dropped steadily, which the company blames on de-de-emphasizing advertising and customer acquisition as the company worked through logistics challenges it faced earlier in the year.</p><p><blockquote>Wish 的前两个季度有点令人失望。虽然该公司轻松超出了收入预期，但为了投资物流，该公司烧掉了超过 3 亿美元的现金。然而，更重要的是，MAU 稳步下降，该公司将此归咎于公司在应对今年早些时候面临的物流挑战时不再强调广告和客户获取。</blockquote></p><p> <table>  <tbody>   <tr>    <td>Year</td>    <td>2020</td>    <td>2019</td>    <td>2018</td>   </tr>   <tr>    <td>Revenue</td>    <td>$2.54B</td>    <td>$1.9B</td>    <td>$1.73B</td>   </tr>   <tr>    <td>Gross Profit</td>    <td>$1.59B</td>    <td>$1.46B</td>    <td>$1.45B</td>   </tr>   <tr>    <td><b>Sales and Marketing</b></td>    <td><b>$1.71B (+17%)</b></td>    <td><b>$1.46B (-7%)</b></td>    <td><b>$1.57B</b></td>   </tr>   <tr>    <td>MAUs</td>    <td>107M (+19%)</td>    <td>90M (+10%)</p><p><blockquote><table><tbody><tr><td>年</td><td>2020</td><td>2019</td><td>2018</td></tr><tr><td>收入</td><td>$254B</td><td>19亿美元</td><td>17.3亿美元</td></tr><tr><td>毛利</td><td>15.9亿美元</td><td>14.6亿美元</td><td>14.5亿美元</td></tr><tr><td><b>销售及市场推广</b></td><td><b>17.1亿美元（+17%）</b></td><td><b>14.6亿美元（-7%）</b></td><td><b>$15.7B</b></td></tr><tr><td>老鼠</td><td>1.07亿（+19%）</td><td>90米（+10%）</td></tr></tbody></table></blockquote></p><p></td>    <td>82M</td>   </tr>   <tr>    <td><b>Active Buyers</b></td>    <td><b>64M (+3%)</b></td>    <td><b>62M (-3%)</b></td>    <td><b>64M</b></td>   </tr>  </tbody> </table> *Growth (Year-over-Year)</p><p><blockquote><td>82米</td><tr><td><b>活跃买家</b></td><td><b>6400万（+3%）</b></td><td><b>6200万（-3%）</b></td><td><b>64米</b></td></tr>*增长（同比）</blockquote></p><p> The largest bear argument against Wish is its high marketing expenses, which account for 60% of its total revenues and over 100% of its gross profits. This is totally fine unless it grows its active buyers through marketing, which unfortunately has not been the case. This is a red flag and questions the long-term sustainability of Wish's business model. However, the company has been close to being cash flow positive, and it stated it already would be profitable if it weren't for its extensive marketing expense. That said, as long as Wish acquires new MAUs and increases value through logistic services, its marketing expenses pay off in the long run. Moreover, as a percentage of total revenues, Wish's marketing expenses have dropped to 60%, down from 67% in the year prior.</p><p><blockquote>反对 Wish 的最大理由是其高昂的营销费用，占其总收入的 60%，毛利润的 100% 以上。这完全没问题，除非它通过营销来增加活跃买家，但不幸的是，情况并非如此。这是一个危险信号，令人质疑 Wish 商业模式的长期可持续性。然而，该公司的现金流已接近正，并表示如果不是因为大量的营销费用，它已经实现了盈利。也就是说，只要Wish获得新的MAU并通过物流服务增加价值，从长远来看，其营销费用就会得到回报。此外，Wish 的营销费用占总收入的比例已从上一年的 67% 降至 60%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e18c23728274ee708d896923820b282\" tg-width=\"635\" tg-height=\"278\"><span>Source: Wish IR</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Wish IR</span></p></blockquote></p><p> In terms of the outlook, this is what the company is essentially stressing. It believes marketing expenses can decrease to 40-45%, leading to EBITDA margins of 25% at the midpoint range. If it achieves these ambitious goals (which is very well possible), its profitability margins would be similar to those of eBay or MercadoLibre(NASDAQ:MELI). In either way, Wish's business model is not perfect, but all these concerns are more than baked in its current valuation, IMO (In My Opinion).</p><p><blockquote>就前景而言，这是该公司本质上强调的。它认为营销费用可以降至 40-45%，从而使 EBITDA 利润率在中点范围内达到 25%。如果它实现这些雄心勃勃的目标（这是很有可能的），其利润率将与 eBay 或 MercadoLibre（纳斯达克股票代码：MELI）相似。无论哪种方式，Wish 的商业模式都并不完美，但在我看来，所有这些担忧都不仅仅体现在其当前的估值中。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54029f94c37f301d26e93a11636280e7\" tg-width=\"635\" tg-height=\"470\"><span>Data byYCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来源：YCharts</span></p></blockquote></p><p> Even after the latest +50% rise, shares are still trailing far behind peers such as Poshmark(NASDAQ:POSH), eBay, Amazon, and (Shopify(NYSE:SHOP)). At over $3 billion estimated revenues, Wish is trading at just 1.8x Price to Sales, just half of eBay's current valuation and much lower than Poshmark. Current estimates are calling for over $6 billion in revenues by 2025 and $1 billion in free cash flow, meaning that Wish trades at just 7x free cash flow estimates, or 1 times sales. In early 2021, its P/S ratio stood closer to 5x, so there is potential for a valuation expansion.</p><p><blockquote>即使在最近一次上涨 +50% 之后，股价仍然远远落后于 Poshmark（纳斯达克股票代码：POSH）、eBay、亚马逊和 (Shopify（纽约证券交易所股票代码：SHOP）) 等同行。Wish 的预计收入超过 30 亿美元，其市销率仅为 1.8 倍，仅为 eBay 当前估值的一半，远低于 Poshmark。目前的估计是，到 2025 年，收入将超过 60 亿美元，自由现金流将达到 10 亿美元，这意味着 Wish 的交易价格仅为自由现金流估计的 7 倍，即销售额的 1 倍。2021年初，其市盈率接近5倍，因此存在估值扩张的潜力。</blockquote></p><p> <b>What about the Lawsuits?</b></p><p><blockquote><b>诉讼呢？</b></blockquote></p><p> Perhaps you've seen the news (especially on Yahoo Finance) regarding the class actionlawsuits. These lawsuits are extensively posted to remind investors of recovering incurred losses after its share price dropped in recent months. Such lawsuits are not unusual when stocks drop sharply in a short period of time and are likely of no concern to investors. These lawsuits have also included companies such asCloverHealth(NASDAQ:CLOV), Skillz(NYSE:SKLZ), Array Technologies(NASDAQ:ARRY), etc.</p><p><blockquote>也许你已经看过关于集体诉讼的新闻（尤其是在雅虎财经上）。这些诉讼被广泛发布，以提醒投资者在近几个月股价下跌后挽回遭受的损失。当股票在短时间内大幅下跌时，此类诉讼并不罕见，投资者可能不会担心。这些诉讼还包括 CloverHealth（纳斯达克股票代码：CLOV）、Skillz（纽约证券交易所股票代码：SKLZ）、Array Technologies（纳斯达克股票代码：ARRY）等公司。</blockquote></p><p> Short Interest - Still High</p><p><blockquote>空头利息 - 仍然很高</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/875b3fdaf74f1ef639b51d77a3aac01f\" tg-width=\"640\" tg-height=\"360\"><span>Source: Fintel</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Fintel</span></p></blockquote></p><p></p><p> Wish has gained significant attraction from retail investors, as investors were looking for the next big short squeeze. Since most of Wish's shares have still been locked up, its exact short ratio was difficult to estimate. According to Seeking Alpha, the current short ratio stands at just 7%, but the figure is likely higher. Last week, its short interest as a percent of its equity float stood at roughly 48%, according to Bloomberg Terminal data. Other sources such as Fintel pin the current short volume at 20-30%. Now, it's difficult to give an exact estimate, but generally speaking, it's probably somewhere within this range, and many short calls are still to be covered. In the long term, the high-short interest could be an advantage, leading to a quicker acceleration if the stock begins trending upwards.</p><p><blockquote>Wish 获得了散户投资者的巨大吸引力，因为投资者正在寻找下一次大规模的空头挤压。由于Wish的大部分股票仍被锁定，其确切的空头比率很难估计。根据Seeking Alpha的数据，目前的空头比率仅为7%，但这个数字可能会更高。根据彭博终端数据，上周其空头权益占其股本流通量的百分比约为 48%。Fintel 等其他来源将当前空头交易量固定在 20-30%。现在，很难给出一个准确的估计，但总的来说，大概在这个范围内的某个地方，很多空头评级还有待覆盖。从长远来看，高空头利息可能是一个优势，如果股票开始上涨，就会导致更快的加速。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> I believe that Wish remains one of the most underappreciated assets within e-commerce, boasting over 100 million monthly users on its platform and connecting thousands of merchants from all over the world. The mobile shopping app continues to be one of the top downloaded shopping apps in the space and has a unique value proposition, which is smarter than it appears at first sight. Moreover, its latestpartnershipwith PrestaShop will give over 300,000 merchants free access to a direct integration that connects them directly to Wish's merchant dashboard, further driving growth. While there are risks to Wish's imperfect business model, such as lagging profitability, patient investors could be rewarded mightily.</p><p><blockquote>我相信Wish仍然是电子商务中最被低估的资产之一，其平台上每月拥有超过1亿用户，并连接了来自世界各地的数千家商家。移动购物应用程序仍然是该领域下载量最高的购物应用程序之一，并具有独特的价值主张，这比乍一看更智能。此外，其与 PrestaShop 的最新合作伙伴关系将使超过 300,000 家商家免费获得直接集成，将他们直接连接到 Wish 的商家仪表板，从而进一步推动增长。虽然 Wish 不完善的商业模式存在风险，例如盈利能力滞后，但耐心的投资者可能会获得丰厚的回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4434950-wish-stock-patient-investors-could-soon-see-20-again\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4434950-wish-stock-patient-investors-could-soon-see-20-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148768572","content_text":"Summary\n\nWish (ContextLogic) remains one of the most underappreciated assets within e-commerce trading at just 1.3x forward EV to Sales.\nWish's latest partnership with PrestaShop will further accelerate international expansion and growth initiatives.\nWhile accurate data regarding its short interest is difficult to find as most of its float is still locked up, I estimate a short interest between 30-40%.\nI believe bear arguments including high marketing spend and stalling user numbers are already baked in the current share price.\n\nJuSun/iStock via Getty Images\nOverview\nContextLogic (WISH) has been a wild ride for shareholders, as high volatility continues to cause significant price movements in recent weeks. The e-commerce platform initially went public in December at $20 per share before surging to an all-time high of $32 in February due to a momentum-driven rally. That said, shares have steadily plunged ever since, hitting an all-time low of just $7 in June, but are now recovering swiftly after increased interest from the retail trading sector. Here, the stock is favored due to its high volatility, short interest, and enormous upside potential.\nIn this context, I believe that the high short interest has increasingly pushed shares below fair value and that patient investors could soon see $20 or more again as the company is working through logistic challenges and will soon return to economies of scale. In this regard, the e-commerce platform has a unique value proposition and is well-positioned to gain market share in a $6 trillion e-commerce industry.\nThe Digital Dollar Tree\nWish has been criticized heavily as an e-commerce platform, and I would almost argue that its image of being a third-party 'dropshipping' site for Chinese merchants has kept investors away from the stock so far. However, this may only be partially true. Essentially, Wish has inverted Amazon's(NASDAQ:AMZN)business model through low-priced (low-quality) products and sluggish delivery times that may lead to week-long delivery times. This is because Wish does not handle shipping itself, which is why it can offer these ultra-low prices of offering a hoodie for $2 plus $2 shipping.\nFrankly, Wish is still dependent on Chinese merchants, accounting for most of its product catalogs. This is unsurprising, considering that most goods are produced in China as the production costs are among the lowest in the world. Most of the goods being sold on Amazon or eBay(NASDAQ:EBAY)were also produced in China, although they earn a higher perception due to one-day delivery shipping programs or higher prices.\n\nNow, I view Wish as the digital dollar tree, where online shoppers discover items that they want, not need. In the process, customers have more patience for products and are willing to wait longer for them to arrive. Wish is working towards addressing both of these issues (quality and merchant diversification) as its platform is gaining popularity. Here, it has been investing in logistics to offer quicker delivery, demonstrated by a 275% YoY increase in logistics revenue. Since these revenues provide low margins, its overall gross margins have decreased in accordance. However, once it achieves economies of scale in the segment, margin growth should reverse and trail back towards 70%.\nIt is also addressing the second issue by continuously growing its international merchant base. Here, U.S. merchants increased by over 400% YoY, and a similar trend is to be seen in other countries. Moreover, it is growing Wish Local, a service connecting local businesses to the platform, accounting for 7% of all Wish orders. Wish local is mostly (or exclusively) available in the United States and thus increasingly mixes with other products on the website.\nSource: Sensor Tower\nI also like Wish's strategy to engage and retain users by utilizing an AI matching system that optimizes platform growth, user experience, and merchant return on investment. The strategy to create an interactive mobile shopping experience appears to be working well: Impressively, Wish gets over500,000reviews per day from users, surpassing even Amazon and other shopping sites in this regard, demonstrating just about how engaging the platform is. Around 80% of first-time shoppersreturnto buy again.\nWish is, therefore, able to establish itself in the highly competitive E-commerce market that offers a tremendous runway for growth. Currently, around 40% of the E-commerce market share is owned just by Amazon. Compared to Amazon, its TAM may be limited as it concentrates on its lower-income niche, which is how it became popular in the first place. Still, this represents a +$3 trillion market opportunity for Wish to tap into. It is also worth noting that according toreports, Amazon tried to acquire Wish for $10 billion, yet Wish rejected, believing growing the business to $100 billion in annual sales, at which point it would be valued significantly higher.\nNegative Sentiment Baked In\nWish's first two quarters have been slightly disappointing. While the company handily beat revenue estimates, the company burned through over $300 million in cash in order to invest in logistics. More importantly, however, is the fact that MAUs have dropped steadily, which the company blames on de-de-emphasizing advertising and customer acquisition as the company worked through logistics challenges it faced earlier in the year.\n\n\n\nYear\n2020\n2019\n2018\n\n\nRevenue\n$2.54B\n$1.9B\n$1.73B\n\n\nGross Profit\n$1.59B\n$1.46B\n$1.45B\n\n\nSales and Marketing\n$1.71B (+17%)\n$1.46B (-7%)\n$1.57B\n\n\nMAUs\n107M (+19%)\n90M (+10%)\n82M\n\n\nActive Buyers\n64M (+3%)\n62M (-3%)\n64M\n\n\n\n*Growth (Year-over-Year)\nThe largest bear argument against Wish is its high marketing expenses, which account for 60% of its total revenues and over 100% of its gross profits. This is totally fine unless it grows its active buyers through marketing, which unfortunately has not been the case. This is a red flag and questions the long-term sustainability of Wish's business model. However, the company has been close to being cash flow positive, and it stated it already would be profitable if it weren't for its extensive marketing expense. That said, as long as Wish acquires new MAUs and increases value through logistic services, its marketing expenses pay off in the long run. Moreover, as a percentage of total revenues, Wish's marketing expenses have dropped to 60%, down from 67% in the year prior.\nSource: Wish IR\nIn terms of the outlook, this is what the company is essentially stressing. It believes marketing expenses can decrease to 40-45%, leading to EBITDA margins of 25% at the midpoint range. If it achieves these ambitious goals (which is very well possible), its profitability margins would be similar to those of eBay or MercadoLibre(NASDAQ:MELI). In either way, Wish's business model is not perfect, but all these concerns are more than baked in its current valuation, IMO (In My Opinion).\nData byYCharts\nEven after the latest +50% rise, shares are still trailing far behind peers such as Poshmark(NASDAQ:POSH), eBay, Amazon, and (Shopify(NYSE:SHOP)). At over $3 billion estimated revenues, Wish is trading at just 1.8x Price to Sales, just half of eBay's current valuation and much lower than Poshmark. Current estimates are calling for over $6 billion in revenues by 2025 and $1 billion in free cash flow, meaning that Wish trades at just 7x free cash flow estimates, or 1 times sales. In early 2021, its P/S ratio stood closer to 5x, so there is potential for a valuation expansion.\nWhat about the Lawsuits?\nPerhaps you've seen the news (especially on Yahoo Finance) regarding the class actionlawsuits. These lawsuits are extensively posted to remind investors of recovering incurred losses after its share price dropped in recent months. Such lawsuits are not unusual when stocks drop sharply in a short period of time and are likely of no concern to investors. These lawsuits have also included companies such asCloverHealth(NASDAQ:CLOV), Skillz(NYSE:SKLZ), Array Technologies(NASDAQ:ARRY), etc.\nShort Interest - Still High\nSource: Fintel\nWish has gained significant attraction from retail investors, as investors were looking for the next big short squeeze. Since most of Wish's shares have still been locked up, its exact short ratio was difficult to estimate. According to Seeking Alpha, the current short ratio stands at just 7%, but the figure is likely higher. Last week, its short interest as a percent of its equity float stood at roughly 48%, according to Bloomberg Terminal data. Other sources such as Fintel pin the current short volume at 20-30%. Now, it's difficult to give an exact estimate, but generally speaking, it's probably somewhere within this range, and many short calls are still to be covered. In the long term, the high-short interest could be an advantage, leading to a quicker acceleration if the stock begins trending upwards.\nThe Bottom Line\nI believe that Wish remains one of the most underappreciated assets within e-commerce, boasting over 100 million monthly users on its platform and connecting thousands of merchants from all over the world. The mobile shopping app continues to be one of the top downloaded shopping apps in the space and has a unique value proposition, which is smarter than it appears at first sight. Moreover, its latestpartnershipwith PrestaShop will give over 300,000 merchants free access to a direct integration that connects them directly to Wish's merchant dashboard, further driving growth. While there are risks to Wish's imperfect business model, such as lagging profitability, patient investors could be rewarded mightily.","news_type":1,"symbols_score_info":{"WISH":0.9}},"isVote":1,"tweetType":1,"viewCount":1141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376180969,"gmtCreate":1619097580651,"gmtModify":1634288594827,"author":{"id":"3578492611847076","authorId":"3578492611847076","name":"Zacong","avatar":"https://static.tigerbbs.com/643d27a4633ec2fc8fd4a6cde44bd495","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578492611847076","idStr":"3578492611847076"},"themes":[],"title":"","htmlText":"Yes its good","listText":"Yes its good","text":"Yes its good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376180969","repostId":"1172040780","repostType":4,"repost":{"id":"1172040780","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1619096972,"share":"https://www.laohunote.com/m/news/1172040780?lang=zh_CN&edition=full","pubTime":"2021-04-22 21:09","market":"us","language":"en","title":"3 EV Stocks That Are At Important Support Levels And Could Rebound<blockquote>3只处于重要支撑位并可能反弹的电动汽车股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172040780","media":"Benzinga Earnings","summary":"Electric vehicle companies NIO Inc. ,Tesla,Inc. , and Nikola Corporation  are all trading close to support. This means there is a good chance they rally.Support is a concentration of buyers who have gathered at the same price level. At support levels, there is more demand for the stock than there is supply. Sellers can sell all they need to with no fear of pushing the price lower.Sometimes, stocks rally after they fall to support. This happens when some of the market participants decide to pay h","content":"<p><img src=\"https://static.tigerbbs.com/c1474f81bdbd94c87c3c2fd7c6b2c663\" tg-width=\"1200\" tg-height=\"630\"></p><p><blockquote></blockquote></p><p> Electric vehicle companies&nbsp;<b>NIO Inc.</b>&nbsp;(NYSE:NIO),<b>Tesla</b>,<b>Inc.</b>&nbsp;(NASDAQ:TSLA), and&nbsp;<b>Nikola Corporation</b>&nbsp;(NASDAQ:NKLA) are all trading close to support. This means there is a good chance they rally.</p><p><blockquote>电动汽车公司<b>蔚来</b>（纽约证券交易所代码：蔚来汽车），<b>特斯拉</b>,<b>公司。</b>（纳斯达克股票代码：TSLA），以及<b>尼古拉公司</b>（纳斯达克股票代码：NKLA）均接近支撑位。这意味着他们很有可能反弹。</blockquote></p><p> Support is a concentration of buyers who have gathered at the same price level. At support levels, there is more demand for the stock than there is supply. Sellers can sell all they need to with no fear of pushing the price lower.</p><p><blockquote>支撑是聚集在同一价格水平上的买家的集中。在支撑位，对股票的需求多于供应。卖家可以出售他们需要的一切，而不用担心压低价格。</blockquote></p><p> Downtrends end when they reach support levels.</p><p><blockquote>当下降趋势达到支撑位时，下降趋势就结束了。</blockquote></p><p> Sometimes, stocks rally after they fall to support. This happens when some of the market participants decide to pay higher prices. These investors think the large buyers who created the support will eventually drive the stock higher. They want to get ahead of them.</p><p><blockquote>有时，股票在下跌至支撑位后反弹。当一些市场参与者决定支付更高的价格时，就会发生这种情况。这些投资者认为，创造支撑的大买家最终将推高股价。他们想走在他们前面。</blockquote></p><p> Nio has held support around the $35 level. It also reached this level in early and mid-March. Both times, a small rebound followed and that could happen again.</p><p><blockquote>蔚来在 35 美元附近获得支撑。3月上中旬也达到了这个水平。两次都出现了小幅反弹，而且这种情况可能会再次发生。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0f08d2b7d5a4ce9f09e0f8a96d111469\" tg-width=\"1528\" tg-height=\"816\"></p><p><blockquote></blockquote></p><p> Tesla has held support around the $700 level. There is support at $700 because it was a resistance level and levels that were resistance can turn into support.</p><p><blockquote>特斯拉在 700 美元附近获得支撑。700美元有支撑，因为这是一个阻力位，阻力位可以变成支撑。</blockquote></p><p> This happens because many of the investors who sold their shares at $700 believe they made a mistake when the shares traded higher afterward. A number of these investors decide to buy the stock back, but they will only do so if they can get it for the same price they sold at.</p><p><blockquote>发生这种情况是因为许多以 700 美元出售股票的投资者认为，当股票随后走高时，他们犯了一个错误。这些投资者中的许多人决定回购股票，但他们只有在能以相同的价格买到股票时才会这样做。</blockquote></p><p> As a result, buy orders are placed at a level that had been resistance, which&nbsp;will create support. If there are enough of these buy orders, the level will turn into a support level. That’s the case here.</p><p><blockquote>因此，买单是在阻力位下的，这将创造支撑。如果这些买单足够多，该水平将变成支撑位。这里就是这种情况。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/16bc657cff0abad9f5cbacb644ad799c\" tg-width=\"1519\" tg-height=\"821\"></p><p><blockquote></blockquote></p><p> Shares of Nikola have come full circle.</p><p><blockquote>尼古拉的股价已经回到了原点。</blockquote></p><p> Last April, they were trading around $10 and&nbsp;soared to more than $90 in June.&nbsp;Since then, the stock has&nbsp;trended lower and is&nbsp;trading at $10 once again.</p><p><blockquote>去年4月，它们的交易价格在10美元左右，6月份飙升至90多美元。从那以后，该股一直呈下降趋势，再次以10美元的价格交易价格交易。</blockquote></p><p> There’s support at $10 because investors like to place their orders at even numbers. After the steep decline, there's a chance&nbsp;shares stage some type of rebound.</p><p><blockquote>10 美元有支撑，因为投资者喜欢以偶数下单。在大幅下跌之后，股市有可能出现某种类型的反弹。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4eac22ac2bd93e4ebad3120cc1f95348\" tg-width=\"1526\" tg-height=\"812\"></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>3 EV Stocks That Are At Important Support Levels And Could Rebound<blockquote>3只处于重要支撑位并可能反弹的电动汽车股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 EV Stocks That Are At Important Support Levels And Could Rebound<blockquote>3只处于重要支撑位并可能反弹的电动汽车股票</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 Earnings </p>\n<p class=\"h-time smaller\">2021-04-22 21:09</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/c1474f81bdbd94c87c3c2fd7c6b2c663\" tg-width=\"1200\" tg-height=\"630\"></p><p><blockquote></blockquote></p><p> Electric vehicle companies&nbsp;<b>NIO Inc.</b>&nbsp;(NYSE:NIO),<b>Tesla</b>,<b>Inc.</b>&nbsp;(NASDAQ:TSLA), and&nbsp;<b>Nikola Corporation</b>&nbsp;(NASDAQ:NKLA) are all trading close to support. This means there is a good chance they rally.</p><p><blockquote>电动汽车公司<b>蔚来</b>（纽约证券交易所代码：蔚来汽车），<b>特斯拉</b>,<b>公司。</b>（纳斯达克股票代码：TSLA），以及<b>尼古拉公司</b>（纳斯达克股票代码：NKLA）均接近支撑位。这意味着他们很有可能反弹。</blockquote></p><p> Support is a concentration of buyers who have gathered at the same price level. At support levels, there is more demand for the stock than there is supply. Sellers can sell all they need to with no fear of pushing the price lower.</p><p><blockquote>支撑是聚集在同一价格水平上的买家的集中。在支撑位，对股票的需求多于供应。卖家可以出售他们需要的一切，而不用担心压低价格。</blockquote></p><p> Downtrends end when they reach support levels.</p><p><blockquote>当下降趋势达到支撑位时，下降趋势就结束了。</blockquote></p><p> Sometimes, stocks rally after they fall to support. This happens when some of the market participants decide to pay higher prices. These investors think the large buyers who created the support will eventually drive the stock higher. They want to get ahead of them.</p><p><blockquote>有时，股票在下跌至支撑位后反弹。当一些市场参与者决定支付更高的价格时，就会发生这种情况。这些投资者认为，创造支撑的大买家最终将推高股价。他们想走在他们前面。</blockquote></p><p> Nio has held support around the $35 level. It also reached this level in early and mid-March. Both times, a small rebound followed and that could happen again.</p><p><blockquote>蔚来在 35 美元附近获得支撑。3月上中旬也达到了这个水平。两次都出现了小幅反弹，而且这种情况可能会再次发生。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0f08d2b7d5a4ce9f09e0f8a96d111469\" tg-width=\"1528\" tg-height=\"816\"></p><p><blockquote></blockquote></p><p> Tesla has held support around the $700 level. There is support at $700 because it was a resistance level and levels that were resistance can turn into support.</p><p><blockquote>特斯拉在 700 美元附近获得支撑。700美元有支撑，因为这是一个阻力位，阻力位可以变成支撑。</blockquote></p><p> This happens because many of the investors who sold their shares at $700 believe they made a mistake when the shares traded higher afterward. A number of these investors decide to buy the stock back, but they will only do so if they can get it for the same price they sold at.</p><p><blockquote>发生这种情况是因为许多以 700 美元出售股票的投资者认为，当股票随后走高时，他们犯了一个错误。这些投资者中的许多人决定回购股票，但他们只有在能以相同的价格买到股票时才会这样做。</blockquote></p><p> As a result, buy orders are placed at a level that had been resistance, which&nbsp;will create support. If there are enough of these buy orders, the level will turn into a support level. That’s the case here.</p><p><blockquote>因此，买单是在阻力位下的，这将创造支撑。如果这些买单足够多，该水平将变成支撑位。这里就是这种情况。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/16bc657cff0abad9f5cbacb644ad799c\" tg-width=\"1519\" tg-height=\"821\"></p><p><blockquote></blockquote></p><p> Shares of Nikola have come full circle.</p><p><blockquote>尼古拉的股价已经回到了原点。</blockquote></p><p> Last April, they were trading around $10 and&nbsp;soared to more than $90 in June.&nbsp;Since then, the stock has&nbsp;trended lower and is&nbsp;trading at $10 once again.</p><p><blockquote>去年4月，它们的交易价格在10美元左右，6月份飙升至90多美元。从那以后，该股一直呈下降趋势，再次以10美元的价格交易价格交易。</blockquote></p><p> There’s support at $10 because investors like to place their orders at even numbers. After the steep decline, there's a chance&nbsp;shares stage some type of rebound.</p><p><blockquote>10 美元有支撑，因为投资者喜欢以偶数下单。在大幅下跌之后，股市有可能出现某种类型的反弹。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4eac22ac2bd93e4ebad3120cc1f95348\" tg-width=\"1526\" tg-height=\"812\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172040780","content_text":"Electric vehicle companies NIO Inc. (NYSE:NIO),Tesla,Inc. (NASDAQ:TSLA), and Nikola Corporation (NASDAQ:NKLA) are all trading close to support. This means there is a good chance they rally.\nSupport is a concentration of buyers who have gathered at the same price level. At support levels, there is more demand for the stock than there is supply. Sellers can sell all they need to with no fear of pushing the price lower.\nDowntrends end when they reach support levels.\nSometimes, stocks rally after they fall to support. This happens when some of the market participants decide to pay higher prices. These investors think the large buyers who created the support will eventually drive the stock higher. They want to get ahead of them.\nNio has held support around the $35 level. It also reached this level in early and mid-March. Both times, a small rebound followed and that could happen again.\n\nTesla has held support around the $700 level. There is support at $700 because it was a resistance level and levels that were resistance can turn into support.\nThis happens because many of the investors who sold their shares at $700 believe they made a mistake when the shares traded higher afterward. A number of these investors decide to buy the stock back, but they will only do so if they can get it for the same price they sold at.\nAs a result, buy orders are placed at a level that had been resistance, which will create support. If there are enough of these buy orders, the level will turn into a support level. That’s the case here.\n\nShares of Nikola have come full circle.\nLast April, they were trading around $10 and soared to more than $90 in June. Since then, the stock has trended lower and is trading at $10 once again.\nThere’s support at $10 because investors like to place their orders at even numbers. After the steep decline, there's a chance shares stage some type of rebound.","news_type":1,"symbols_score_info":{"TSLA":0.9,"NKLA":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":765,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}