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Cazwyh

Cazwyh

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2021-12-22

Can’t agree more! Key is investing in companies with strong fundamentals to ride any storms ahead.

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2021-12-08

Agree!

Apple: A True 'Never Sell' Position<blockquote>苹果：真正的“永不出售”立场</blockquote>

2021-12-08

Go Apple!

Apple shares rose more than 3% to a new high<blockquote>苹果股价上涨超过3%，创下新高</blockquote>

2021-12-02

Completely agree that the important thing iswhat’s our investment objective to start withas greed can bring big gains but also big losses!

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2021-12-02

Let’s see how the market moves.

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2021-12-01

Cool! [Miser]

3 Top Stocks That'll Make You Richer in December (and Beyond)<blockquote>3只会让你在12月（及以后）变得更富有的顶级股票</blockquote>

2021-11-27

Very interesting!

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Key is investing in companies with strong fundamentals to ride any storms ahead.&nbsp;","listText":"Can’t agree more! Key is investing in companies with strong fundamentals to ride any storms ahead.&nbsp;","text":"Can’t agree more! Key is investing in companies with strong fundamentals to ride any storms ahead.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691992868","repostId":"2192181330","repostType":2,"isVote":1,"tweetType":1,"viewCount":3078,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606543432,"gmtCreate":1638908091915,"gmtModify":1638908091915,"author":{"id":"4100787327165020","authorId":"4100787327165020","name":"Cazwyh","avatar":"https://static.tigerbbs.com/a50709c3a01b4bc64250ae4ff8f5454b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4100787327165020","idStr":"4100787327165020"},"themes":[],"htmlText":"Agree!&nbsp;","listText":"Agree!&nbsp;","text":"Agree!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606543432","repostId":"1162682713","repostType":4,"repost":{"id":"1162682713","kind":"news","pubTimestamp":1638887298,"share":"https://www.laohu8.com/m/news/1162682713?lang=zh_CN&edition=full","pubTime":"2021-12-07 22:28","market":"us","language":"en","title":"Apple: A True 'Never Sell' Position<blockquote>苹果：真正的“永不出售”立场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162682713","media":"Seeking Alpha","summary":"Summary\n\nWith $315B in authorized share buybacks and a 0.6% yield, Apple should return 4.3% on share","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>With $315B in authorized share buybacks and a 0.6% yield, Apple should return 4.3% on shareholder-friendly practices alone.</li>  <li>In addition, the company will still see double-digit growth in wearables and services, even if iPhone slows down a little.</li>  <li>The Apple ecosystem also stands to get more intertwined with a potential Apple Car and AR/VR plays.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/404c4a2883110ed556fd9700c5cffb83\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>CatLane/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>凭借315B美元的授权股票回购和0.6%的收益率，苹果仅通过股东友好做法就应该获得4.3%的回报。</li><li>此外，该公司在可穿戴设备和服务方面仍将出现两位数的增长，即使iPhone稍微放缓。</li><li>苹果生态系统也将与潜在的苹果汽车和AR/VR游戏更加紧密地交织在一起。</li></ul><p class=\"t-img-caption\"><span>CatLane/iStock未通过Getty Images发布</span></p></blockquote></p><p> At an almost $3T market cap, I am still a holder of Apple (AAPL). While I absolutely wish I would have bought more of this powerhouse in years past, I've made do with incremental gains from dividend reinvestment.</p><p><blockquote>虽然市值接近3T美元，但我仍然是苹果(AAPL)的持有者。虽然我绝对希望在过去几年里购买更多这家巨头的股票，但我还是通过股息再投资获得了增量收益。</blockquote></p><p> The news cycle would have you believe that this behemoth has head-winds galore, and that the downfall could come any day now. With limited risk and potential galore, is the company worth buying today?</p><p><blockquote>新闻周期会让你相信这个庞然大物有很多阻力，垮台随时都可能到来。由于风险有限且潜力巨大，该公司今天值得购买吗？</blockquote></p><p> <b>Limited Risk</b></p><p><blockquote><b>风险有限</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fe4e9d4f4aca197052840240959df43\" tg-width=\"640\" tg-height=\"831\" width=\"100%\" height=\"auto\"><span>Image: Forbes magazine cover, 2007</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片：福布斯杂志封面，2007年</span></p></blockquote></p><p> I am familiar with cellphone manufacturers of days past. Nokia, for example, used to be the titan of industry. It was thought to be untouchable and then came the iPhone. I mean, just look at the Forbes cover above, \"can anyone catch the cell phone king?\"</p><p><blockquote>我熟悉过去的手机制造商。例如，诺基亚曾经是工业巨头。它被认为是碰不得的，然后出现了iPhone。我的意思是，看看上面的福布斯封面，“有人能抓住手机大王吗？”</blockquote></p><p> That cover hit news stands on November 12, 2007, a few months after the iPhone had made its debut. The straw that broke Nokia's back, and the feature which gives Apple a moat wider than Apple Park today, The App Store launched in mid-2008.</p><p><blockquote>2007年11月12日，也就是iPhone首次亮相几个月后，这个封面登上了新闻站。压垮诺基亚的最后一根稻草，也是让苹果拥有比苹果公园更宽的护城河的功能，2008年年中推出的App Store。</blockquote></p><p> The App Store, as simple as it may seem, gave Apple the keys to the kingdom. Rather than be limited to the few apps that came on your Nokia device, you could use one of the thousands of apps sold by third-party developers on the iPhone. This was the beginning of a world-beating ecosystem.</p><p><blockquote>App Store看似简单，却给了苹果通往王国的钥匙。你可以在iPhone上使用第三方开发者销售的数千款应用，而不是局限于诺基亚设备上的几款应用。这是一个世界一流生态系统的开始。</blockquote></p><p> Today, Apple's ecosystem has grown in a significant way. The growth of that ecosystem means that Apple \"fanboys\" would have to spend thousands of dollars, or work through significant inconveniences to switch.</p><p><blockquote>今天，苹果的生态系统已经有了显著的发展。这个生态系统的增长意味着苹果的“粉丝”将不得不花费数千美元，或者克服巨大的不便来转换。</blockquote></p><p> Consider the user that has subscriptions to several apps, Air Pods, an Apple Watch, iPhone, iPad, and perhaps a MacBook. That person is not an outlier. If they consider switching to Android they'll have to cancel those several apps, throw their Apple Watch out, replace the AirPods, and would lose lots of great tie-in messaging functionality across the iPad and MacBook.</p><p><blockquote>考虑一下订阅了几个应用程序、Air Pods、苹果手表、iPhone、iPad，也许还有MacBook的用户。那个人不是局外人。如果他们考虑切换到Android，他们将不得不取消这几个应用程序，扔掉他们的苹果手表，更换AirPods，并将失去iPad和MacBook上许多出色的搭售消息功能。</blockquote></p><p> First-world problems, absolutely. The tie-in, however, is real. Apple make world-class products that users love. They get caught up in all the added accessories which deliver a great experience and then they are customers for life.</p><p><blockquote>绝对是第一世界的问题。然而，这种联系是真实的。苹果制造用户喜爱的世界级产品。他们被所有提供良好体验的附加配件所吸引，然后他们就成了终身顾客。</blockquote></p><p> Apple stock, for all intents and purposes, is a better place to keep your money than cash because of this lack of risk. Should something start to topple this house of cards, it wouldn't happen overnight, and it certainly won't happen as rapidly as it happened to Nokia because of the switching costs Apple has built up.</p><p><blockquote>无论出于何种意图和目的，苹果股票都是比现金更好的存放资金的地方，因为它缺乏风险。如果有什么事情开始推翻这座纸牌屋，它不会在一夜之间发生，而且肯定不会像诺基亚那样迅速发生，因为苹果已经积累了转换成本。</blockquote></p><p> <b>Enviable Metrics</b></p><p><blockquote><b>令人羡慕的指标</b></blockquote></p><p> Despite running up against the law of large numbers, Apple continues to look stellar when considering a number of different metrics.</p><p><blockquote>尽管违反了大数定律，但在考虑许多不同的指标时，苹果仍然看起来很出色。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/08f0199dd5d3c8dade8af08d884a5459\" tg-width=\"640\" tg-height=\"300\" width=\"100%\" height=\"auto\"><span>Image: Apple's debt per 10-K (Page 45)</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片：苹果每10-K的债务（第45页）</span></p></blockquote></p><p> The worst metric, in my opinion, Apple has is a 1.7 debt-to-equity ratio. However, on that figure, my mind may be stuck in a good days of positive interest rates. Much of Apple's $109B of debt is at a negligible (0.03-2%) interest rate. Higher end servicing costs sit a hair below 5%, but this makes up a minority of Apple's debt&nbsp;per the company's 10-K filings.</p><p><blockquote>在我看来，苹果最差的指标是1.7的债务股本比率。然而，在这个数字上，我的思绪可能会停留在正利率的好日子里。苹果109B美元债务的大部分利率可以忽略不计（0.03-2%）。高端服务成本略低于5%，但根据该公司的10-K文件，这仅占苹果债务的一小部分。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/547e6241dab1a7aef3e649fb0f10d5ff\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> All of that money did not go into internal projects, however, it went to share buybacks. Perhaps no company epitomizes share buybacks like Apple has over the last decade. The company has retired hundreds of billions of dollars' worth of stock to shareholders benefit, and it continues to do so today.</p><p><blockquote>所有这些资金并没有用于内部项目，而是用于股票回购。也许没有一家公司能像苹果那样体现过去十年的股票回购。为了股东利益，该公司已经退役了价值数千亿美元的股票，并且至今仍在继续这样做。</blockquote></p><p> These share buybacks are why Berkshire Hathaway (BRK.B) now owns 5.5% of Apple. Back when many lauded Buffett for being late to the Apple train, he has proven his conviction worthwhile and helped an already massive Berkshire portfolio continue to beat the market with this high concentration investment.</p><p><blockquote>这些股票回购是Berkshire Hathaway(BRK.B)现在拥有苹果5.5%股份的原因。当许多人称赞巴菲特错过了苹果的火车时，巴菲特已经证明了他的信念是值得的，并通过这种高度集中的投资帮助已经庞大的伯克希尔投资组合继续跑赢市场。</blockquote></p><p> Buffett aside, Apple does excel in several metrics one should be looking for when investing in high-quality stocks. Return on equity here sits at an eye-popping 140% due to a pandemic induced expansion in net income.</p><p><blockquote>撇开巴菲特不谈，苹果确实在投资优质股票时应该寻找的几个指标上表现出色。由于大流行导致净利润扩张，股本回报率达到了令人瞠目结舌的140%。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af2a898072faa8c46eeaa734222ff059\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Given the amount of debt, return on invested capital, likely, is the better metric to take a look at here. Apple's ROIC has been consistently over the 20% mark, which is a sign of a fantastic business.</p><p><blockquote>考虑到债务金额，投资资本回报率可能是更好的指标。苹果的投资回报率一直超过20%，这是一家出色业务的标志。</blockquote></p><p> Oh, and it probably goes without mentioning, but this business is cash rich. Apple, as of its last report, has $35B in cash on hand and $155B in marketable securities (a mix of current and non-current). With $190B in capital that the company can still deploy, Apple is certainly in an enviable position.</p><p><blockquote>哦，这可能是不言而喻的，但这项业务现金充裕。截至上次报告，苹果手头有350亿美元现金和1550亿美元有价证券（流动和非流动的组合）。由于该公司仍可部署1900亿美元的资本，苹果无疑处于令人羡慕的地位。</blockquote></p><p> <b>Valuation: Rich</b></p><p><blockquote><b>估值：丰富</b></blockquote></p><p> Those metrics are not unknown, but they are incredible. It's no surprise that Apple will likely cross $3T market cap in the next year or so, but is the company worth buying at these high levels?</p><p><blockquote>这些指标并非未知，但却令人难以置信。毫不奇怪，苹果的市值可能会在未来一年左右突破3T美元，但该公司值得在如此高的水平上买入吗？</blockquote></p><p> As mentioned above, I view Apple as an almost cash like position. In a world of inflation, Apple has the balance sheet to carry it through, it has significant pricing power, and it has exceptionally high margins on its products to be able to weather the storm. Would you rather your money lose 5% of its buying power per year, or grow in an American titan like Apple?</p><p><blockquote>如上所述，我认为苹果几乎是现金头寸。在通货膨胀的世界里，苹果拥有能够承受通货膨胀的资产负债表，拥有强大的定价权，并且其产品利润率极高，能够渡过难关。你愿意你的钱每年失去5%的购买力，还是愿意在像苹果这样的美国巨头中增长？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/159a160cc869ef1cc00bd4eb8db7bd93\" tg-width=\"1280\" tg-height=\"720\" width=\"100%\" height=\"auto\"><span>Image: A mockup VR headset via BGR</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片：来自BGR的VR耳机模型</span></p></blockquote></p><p> A valuation of Apple also has to include the potential for an Apple Car, or the AR/VR headsets that will be with us within the next 18-months. These types of projects have been kept well under wraps, but considering the valuations of EV manufacturers like Tesla (TSLA) and Rivian (RIVN), the market will reward Apple rather richly for a well-executed product.</p><p><blockquote>对苹果的估值还必须包括苹果汽车的潜力，或者将在未来18个月内出现的AR/VR耳机。这些类型的项目一直处于保密状态，但考虑到特斯拉（TSLA）和Rivian（RIVN）等电动汽车制造商的估值，市场将对苹果执行良好的产品给予相当丰厚的奖励。</blockquote></p><p> An Apple car with deep iOS integration,as is speculated, would further drive the ecosystem flywheel. In fact, it would take that flywheel to unimaginable levels. Imagine trying to leave an ecosystem where you have to replace a $50K (and I'm probably being cheap) car, a phone, a computer... it's quite the lock in.</p><p><blockquote>据推测，深度集成iOS的苹果汽车将进一步推动生态系统飞轮。事实上，它会将飞轮提升到难以想象的水平。想象一下，试图离开一个生态系统，在这个生态系统中，你必须更换一辆5万美元（我可能很便宜）的汽车、一部电话、一台电脑...这是相当锁定。</blockquote></p><p> Taking AR/VR into account, one would have to consider that AR could be a cannibalizing force for the iPhone. If one can see all they need through lenses and control those lenses through gestures or the Apple Watch, Apple could cannibalize the phone market.</p><p><blockquote>考虑到AR/VR，人们不得不考虑AR可能会成为iPhone的蚕食力量。如果人们可以通过镜头看到他们需要的一切，并通过手势或苹果手表控制这些镜头，苹果可能会蚕食手机市场。</blockquote></p><p> That, however, is a good thing. Apple could price a novel item like AR glasses with higher margins than a phone. Fans and tech enthusiasts would pay that early adopter price and others would soon follow suit if the product lives up to the hype. It gets Apple out of the \"$1,000 for a phone\" line of thinking.</p><p><blockquote>然而，这是一件好事。苹果可以以比手机更高的利润率为AR眼镜等新颖产品定价。粉丝和技术爱好者将支付早期采用者的价格，如果产品不负众望，其他人很快就会效仿。它让苹果摆脱了“1000美元买一部手机”的思路。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88a008b34566e3309b095ad284807d12\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> All this to say, Apple's rich valuation today is a worthy one. At a PE of ~29, it's hardly extortionate, but it is outside of Apple's average over the last five years.</p><p><blockquote>综上所述，苹果今天的丰厚估值是当之无愧的。市盈率约为29，算不上过高，但超出了苹果过去五年的平均水平。</blockquote></p><p> The ecosystem, one that ties its customers in for life, is where the value lies here and Apple has plans to expand that with vehicles and wearables. Even at a PE of 29, I believe this to be a secure long-term investment that will pay investors a dividend, albeit small, along the way while continuing to retire billions of dollars in stock ($315B authorized ~10%).</p><p><blockquote>这个将客户终身联系在一起的生态系统是其价值所在，苹果计划通过车辆和可穿戴设备来扩展这一生态系统。即使市盈率为29，我相信这也是一项安全的长期投资，它将向投资者支付股息，尽管很小，同时继续收回数十亿美元的股票（315B美元授权约10%）。</blockquote></p><p> <b>Addressing The Risks</b></p><p><blockquote><b>应对风险</b></blockquote></p><p> Fear and inflation. Fear is the largest and most significant risk that Apple faces. Buyers told that bad times are coming tend to zip up their pocketbooks. Buyers who have to spend 10% more on groceries suddenly don't have enough to buy the latest iPhone.</p><p><blockquote>恐惧和通货膨胀。恐惧是苹果面临的最大、最重大的风险。被告知糟糕时期即将到来的买家往往会收紧钱包。不得不在食品杂货上多花10%的购物者突然没有足够的钱购买最新的iPhone。</blockquote></p><p> These are external concerns that Apple has little control over. The company has, over the years, introduced buy-now-pay-later and subscription programs that help buyers get the goods they want at an affordable monthly price, and, as discussed, Apple has substantial margins that it could use to overcome significant headwinds in this space.</p><p><blockquote>这些都是苹果几乎无法控制的外部担忧。多年来，该公司推出了先买后付和订阅计划，帮助买家以可承受的每月价格获得他们想要的商品，而且正如所讨论的，苹果拥有可观的利润，可以用来克服重大阻力在这个领域。</blockquote></p><p> Execution is another risk Apple faces, especially as we look to these \"futuristic\" products. A self-driving car could be worth trillions of dollars in lifetime revenues, or it could be a dud upon release that never gets full approval to operate on the streets. Likewise, an AR headset that no one wants to be seen wearing, or that proves difficult to wear through the day, could be a dead-on-arrival product.</p><p><blockquote>执行力是苹果面临的另一个风险，尤其是当我们关注这些“未来”产品时。一辆自动驾驶汽车的终身收入可能价值数万亿美元，也可能在发布后成为一个哑弹，永远不会获得在街道上运行的完全批准。同样，没有人想被看到佩戴的AR耳机，或者被证明很难全天佩戴的AR耳机，可能是一个到货就死的产品。</blockquote></p><p> Given the nature of these two products and the secrecy surrounding their development, one cannot truly assign a real risk rating to them. They're just things to be aware of. Apple does have a history of great execution (MacBook keyboard and Touch Bar aside), however, so an investor should feel at least somewhat comfortable that the company will put its best foot forward.</p><p><blockquote>鉴于这两种产品的性质及其开发的保密性，人们无法真正为它们分配真正的风险评级。它们只是需要注意的事情。然而，苹果确实有着出色执行力的历史（MacBook键盘和Touch Bar除外），因此投资者至少应该对该公司将全力以赴感到有些放心。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p></p><p> At a valuation nearing $3T one would assume there isn't much room left to run in Apple, but investors still stand to beat the overall market in this name thanks to excellent capital allocation.</p><p><blockquote>在估值接近3T美元的情况下，人们会认为苹果已经没有太多的运行空间了，但由于出色的资本配置，投资者仍然能够以这个名义击败整体市场。</blockquote></p><p> Apple has $315B in authorized buybacks and returns some $14.5B in dividends each year. Apple will likely buyback close to $100B in stock during its 2022 fiscal year which, alone, represents a 3.7% return on today's prices. Combined with a dividend yield of 0.6%, investors will make 4.3% on this name through shareholder friendly practices alone.</p><p><blockquote>苹果拥有$315B的授权回购，每年返还约$14.5 B的股息。苹果可能会在2022财年回购近1000亿美元的股票，仅此一项就相当于今天价格的3.7%的回报率。加上0.6%的股息收益率，仅通过股东友好的做法，投资者就可以在这个名字上获得4.3%的收益。</blockquote></p><p> Those numbers will compound too, another $100B in 2023, $100B in 2024, it all adds up. That $300B is all authorized too.</p><p><blockquote>这些数字也会复合，2023年再增加1000亿美元，2024年再增加1000亿美元，所有这些加起来。那300B美元也全部获得授权。</blockquote></p><p> Along with those buybacks and dividends, investors are buying into a company that, last year, defied laws of large numbers and grew its top-line at 33%. While unlikely this year, I still expect that the wearables and services divisions will grow at double digits which will allow Apple to see high single-digit revenue growth through the coming 3-5 years.</p><p><blockquote>除了这些回购和股息之外，投资者还买入了一家去年无视大数定律、营收增长33%的公司。虽然今年不太可能，但我仍然预计可穿戴设备和服务部门将以两位数的速度增长，这将使苹果在未来3-5年内实现高个位数的收入增长。</blockquote></p><p> Those with a bearish view on Apple act as though this juggernaut will vanish overnight, but that's simply not true. Sure, you're unlikely to pull down 30%+ annual returns going forward, but if you're looking for a high-quality stable business that can beat the market little-by-little, Apple is a great horse (or car) to back.</p><p><blockquote>那些看跌苹果的人表现得好像这个庞然大物会在一夜之间消失，但事实并非如此。当然，未来你不太可能降低30%以上的年回报率，但如果你正在寻找一家能够一点一点击败市场的高质量稳定业务，苹果是一匹很棒的马（或汽车）回来。</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>Apple: A True 'Never Sell' Position<blockquote>苹果：真正的“永不出售”立场</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: A True 'Never Sell' Position<blockquote>苹果：真正的“永不出售”立场</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-07 22:28</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>With $315B in authorized share buybacks and a 0.6% yield, Apple should return 4.3% on shareholder-friendly practices alone.</li>  <li>In addition, the company will still see double-digit growth in wearables and services, even if iPhone slows down a little.</li>  <li>The Apple ecosystem also stands to get more intertwined with a potential Apple Car and AR/VR plays.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/404c4a2883110ed556fd9700c5cffb83\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>CatLane/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>凭借315B美元的授权股票回购和0.6%的收益率，苹果仅通过股东友好做法就应该获得4.3%的回报。</li><li>此外，该公司在可穿戴设备和服务方面仍将出现两位数的增长，即使iPhone稍微放缓。</li><li>苹果生态系统也将与潜在的苹果汽车和AR/VR游戏更加紧密地交织在一起。</li></ul><p class=\"t-img-caption\"><span>CatLane/iStock未通过Getty Images发布</span></p></blockquote></p><p> At an almost $3T market cap, I am still a holder of Apple (AAPL). While I absolutely wish I would have bought more of this powerhouse in years past, I've made do with incremental gains from dividend reinvestment.</p><p><blockquote>虽然市值接近3T美元，但我仍然是苹果(AAPL)的持有者。虽然我绝对希望在过去几年里购买更多这家巨头的股票，但我还是通过股息再投资获得了增量收益。</blockquote></p><p> The news cycle would have you believe that this behemoth has head-winds galore, and that the downfall could come any day now. With limited risk and potential galore, is the company worth buying today?</p><p><blockquote>新闻周期会让你相信这个庞然大物有很多阻力，垮台随时都可能到来。由于风险有限且潜力巨大，该公司今天值得购买吗？</blockquote></p><p> <b>Limited Risk</b></p><p><blockquote><b>风险有限</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fe4e9d4f4aca197052840240959df43\" tg-width=\"640\" tg-height=\"831\" width=\"100%\" height=\"auto\"><span>Image: Forbes magazine cover, 2007</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片：福布斯杂志封面，2007年</span></p></blockquote></p><p> I am familiar with cellphone manufacturers of days past. Nokia, for example, used to be the titan of industry. It was thought to be untouchable and then came the iPhone. I mean, just look at the Forbes cover above, \"can anyone catch the cell phone king?\"</p><p><blockquote>我熟悉过去的手机制造商。例如，诺基亚曾经是工业巨头。它被认为是碰不得的，然后出现了iPhone。我的意思是，看看上面的福布斯封面，“有人能抓住手机大王吗？”</blockquote></p><p> That cover hit news stands on November 12, 2007, a few months after the iPhone had made its debut. The straw that broke Nokia's back, and the feature which gives Apple a moat wider than Apple Park today, The App Store launched in mid-2008.</p><p><blockquote>2007年11月12日，也就是iPhone首次亮相几个月后，这个封面登上了新闻站。压垮诺基亚的最后一根稻草，也是让苹果拥有比苹果公园更宽的护城河的功能，2008年年中推出的App Store。</blockquote></p><p> The App Store, as simple as it may seem, gave Apple the keys to the kingdom. Rather than be limited to the few apps that came on your Nokia device, you could use one of the thousands of apps sold by third-party developers on the iPhone. This was the beginning of a world-beating ecosystem.</p><p><blockquote>App Store看似简单，却给了苹果通往王国的钥匙。你可以在iPhone上使用第三方开发者销售的数千款应用，而不是局限于诺基亚设备上的几款应用。这是一个世界一流生态系统的开始。</blockquote></p><p> Today, Apple's ecosystem has grown in a significant way. The growth of that ecosystem means that Apple \"fanboys\" would have to spend thousands of dollars, or work through significant inconveniences to switch.</p><p><blockquote>今天，苹果的生态系统已经有了显著的发展。这个生态系统的增长意味着苹果的“粉丝”将不得不花费数千美元，或者克服巨大的不便来转换。</blockquote></p><p> Consider the user that has subscriptions to several apps, Air Pods, an Apple Watch, iPhone, iPad, and perhaps a MacBook. That person is not an outlier. If they consider switching to Android they'll have to cancel those several apps, throw their Apple Watch out, replace the AirPods, and would lose lots of great tie-in messaging functionality across the iPad and MacBook.</p><p><blockquote>考虑一下订阅了几个应用程序、Air Pods、苹果手表、iPhone、iPad，也许还有MacBook的用户。那个人不是局外人。如果他们考虑切换到Android，他们将不得不取消这几个应用程序，扔掉他们的苹果手表，更换AirPods，并将失去iPad和MacBook上许多出色的搭售消息功能。</blockquote></p><p> First-world problems, absolutely. The tie-in, however, is real. Apple make world-class products that users love. They get caught up in all the added accessories which deliver a great experience and then they are customers for life.</p><p><blockquote>绝对是第一世界的问题。然而，这种联系是真实的。苹果制造用户喜爱的世界级产品。他们被所有提供良好体验的附加配件所吸引，然后他们就成了终身顾客。</blockquote></p><p> Apple stock, for all intents and purposes, is a better place to keep your money than cash because of this lack of risk. Should something start to topple this house of cards, it wouldn't happen overnight, and it certainly won't happen as rapidly as it happened to Nokia because of the switching costs Apple has built up.</p><p><blockquote>无论出于何种意图和目的，苹果股票都是比现金更好的存放资金的地方，因为它缺乏风险。如果有什么事情开始推翻这座纸牌屋，它不会在一夜之间发生，而且肯定不会像诺基亚那样迅速发生，因为苹果已经积累了转换成本。</blockquote></p><p> <b>Enviable Metrics</b></p><p><blockquote><b>令人羡慕的指标</b></blockquote></p><p> Despite running up against the law of large numbers, Apple continues to look stellar when considering a number of different metrics.</p><p><blockquote>尽管违反了大数定律，但在考虑许多不同的指标时，苹果仍然看起来很出色。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/08f0199dd5d3c8dade8af08d884a5459\" tg-width=\"640\" tg-height=\"300\" width=\"100%\" height=\"auto\"><span>Image: Apple's debt per 10-K (Page 45)</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片：苹果每10-K的债务（第45页）</span></p></blockquote></p><p> The worst metric, in my opinion, Apple has is a 1.7 debt-to-equity ratio. However, on that figure, my mind may be stuck in a good days of positive interest rates. Much of Apple's $109B of debt is at a negligible (0.03-2%) interest rate. Higher end servicing costs sit a hair below 5%, but this makes up a minority of Apple's debt&nbsp;per the company's 10-K filings.</p><p><blockquote>在我看来，苹果最差的指标是1.7的债务股本比率。然而，在这个数字上，我的思绪可能会停留在正利率的好日子里。苹果109B美元债务的大部分利率可以忽略不计（0.03-2%）。高端服务成本略低于5%，但根据该公司的10-K文件，这仅占苹果债务的一小部分。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/547e6241dab1a7aef3e649fb0f10d5ff\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> All of that money did not go into internal projects, however, it went to share buybacks. Perhaps no company epitomizes share buybacks like Apple has over the last decade. The company has retired hundreds of billions of dollars' worth of stock to shareholders benefit, and it continues to do so today.</p><p><blockquote>所有这些资金并没有用于内部项目，而是用于股票回购。也许没有一家公司能像苹果那样体现过去十年的股票回购。为了股东利益，该公司已经退役了价值数千亿美元的股票，并且至今仍在继续这样做。</blockquote></p><p> These share buybacks are why Berkshire Hathaway (BRK.B) now owns 5.5% of Apple. Back when many lauded Buffett for being late to the Apple train, he has proven his conviction worthwhile and helped an already massive Berkshire portfolio continue to beat the market with this high concentration investment.</p><p><blockquote>这些股票回购是Berkshire Hathaway(BRK.B)现在拥有苹果5.5%股份的原因。当许多人称赞巴菲特错过了苹果的火车时，巴菲特已经证明了他的信念是值得的，并通过这种高度集中的投资帮助已经庞大的伯克希尔投资组合继续跑赢市场。</blockquote></p><p> Buffett aside, Apple does excel in several metrics one should be looking for when investing in high-quality stocks. Return on equity here sits at an eye-popping 140% due to a pandemic induced expansion in net income.</p><p><blockquote>撇开巴菲特不谈，苹果确实在投资优质股票时应该寻找的几个指标上表现出色。由于大流行导致净利润扩张，股本回报率达到了令人瞠目结舌的140%。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af2a898072faa8c46eeaa734222ff059\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Given the amount of debt, return on invested capital, likely, is the better metric to take a look at here. Apple's ROIC has been consistently over the 20% mark, which is a sign of a fantastic business.</p><p><blockquote>考虑到债务金额，投资资本回报率可能是更好的指标。苹果的投资回报率一直超过20%，这是一家出色业务的标志。</blockquote></p><p> Oh, and it probably goes without mentioning, but this business is cash rich. Apple, as of its last report, has $35B in cash on hand and $155B in marketable securities (a mix of current and non-current). With $190B in capital that the company can still deploy, Apple is certainly in an enviable position.</p><p><blockquote>哦，这可能是不言而喻的，但这项业务现金充裕。截至上次报告，苹果手头有350亿美元现金和1550亿美元有价证券（流动和非流动的组合）。由于该公司仍可部署1900亿美元的资本，苹果无疑处于令人羡慕的地位。</blockquote></p><p> <b>Valuation: Rich</b></p><p><blockquote><b>估值：丰富</b></blockquote></p><p> Those metrics are not unknown, but they are incredible. It's no surprise that Apple will likely cross $3T market cap in the next year or so, but is the company worth buying at these high levels?</p><p><blockquote>这些指标并非未知，但却令人难以置信。毫不奇怪，苹果的市值可能会在未来一年左右突破3T美元，但该公司值得在如此高的水平上买入吗？</blockquote></p><p> As mentioned above, I view Apple as an almost cash like position. In a world of inflation, Apple has the balance sheet to carry it through, it has significant pricing power, and it has exceptionally high margins on its products to be able to weather the storm. Would you rather your money lose 5% of its buying power per year, or grow in an American titan like Apple?</p><p><blockquote>如上所述，我认为苹果几乎是现金头寸。在通货膨胀的世界里，苹果拥有能够承受通货膨胀的资产负债表，拥有强大的定价权，并且其产品利润率极高，能够渡过难关。你愿意你的钱每年失去5%的购买力，还是愿意在像苹果这样的美国巨头中增长？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/159a160cc869ef1cc00bd4eb8db7bd93\" tg-width=\"1280\" tg-height=\"720\" width=\"100%\" height=\"auto\"><span>Image: A mockup VR headset via BGR</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片：来自BGR的VR耳机模型</span></p></blockquote></p><p> A valuation of Apple also has to include the potential for an Apple Car, or the AR/VR headsets that will be with us within the next 18-months. These types of projects have been kept well under wraps, but considering the valuations of EV manufacturers like Tesla (TSLA) and Rivian (RIVN), the market will reward Apple rather richly for a well-executed product.</p><p><blockquote>对苹果的估值还必须包括苹果汽车的潜力，或者将在未来18个月内出现的AR/VR耳机。这些类型的项目一直处于保密状态，但考虑到特斯拉（TSLA）和Rivian（RIVN）等电动汽车制造商的估值，市场将对苹果执行良好的产品给予相当丰厚的奖励。</blockquote></p><p> An Apple car with deep iOS integration,as is speculated, would further drive the ecosystem flywheel. In fact, it would take that flywheel to unimaginable levels. Imagine trying to leave an ecosystem where you have to replace a $50K (and I'm probably being cheap) car, a phone, a computer... it's quite the lock in.</p><p><blockquote>据推测，深度集成iOS的苹果汽车将进一步推动生态系统飞轮。事实上，它会将飞轮提升到难以想象的水平。想象一下，试图离开一个生态系统，在这个生态系统中，你必须更换一辆5万美元（我可能很便宜）的汽车、一部电话、一台电脑...这是相当锁定。</blockquote></p><p> Taking AR/VR into account, one would have to consider that AR could be a cannibalizing force for the iPhone. If one can see all they need through lenses and control those lenses through gestures or the Apple Watch, Apple could cannibalize the phone market.</p><p><blockquote>考虑到AR/VR，人们不得不考虑AR可能会成为iPhone的蚕食力量。如果人们可以通过镜头看到他们需要的一切，并通过手势或苹果手表控制这些镜头，苹果可能会蚕食手机市场。</blockquote></p><p> That, however, is a good thing. Apple could price a novel item like AR glasses with higher margins than a phone. Fans and tech enthusiasts would pay that early adopter price and others would soon follow suit if the product lives up to the hype. It gets Apple out of the \"$1,000 for a phone\" line of thinking.</p><p><blockquote>然而，这是一件好事。苹果可以以比手机更高的利润率为AR眼镜等新颖产品定价。粉丝和技术爱好者将支付早期采用者的价格，如果产品不负众望，其他人很快就会效仿。它让苹果摆脱了“1000美元买一部手机”的思路。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88a008b34566e3309b095ad284807d12\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> All this to say, Apple's rich valuation today is a worthy one. At a PE of ~29, it's hardly extortionate, but it is outside of Apple's average over the last five years.</p><p><blockquote>综上所述，苹果今天的丰厚估值是当之无愧的。市盈率约为29，算不上过高，但超出了苹果过去五年的平均水平。</blockquote></p><p> The ecosystem, one that ties its customers in for life, is where the value lies here and Apple has plans to expand that with vehicles and wearables. Even at a PE of 29, I believe this to be a secure long-term investment that will pay investors a dividend, albeit small, along the way while continuing to retire billions of dollars in stock ($315B authorized ~10%).</p><p><blockquote>这个将客户终身联系在一起的生态系统是其价值所在，苹果计划通过车辆和可穿戴设备来扩展这一生态系统。即使市盈率为29，我相信这也是一项安全的长期投资，它将向投资者支付股息，尽管很小，同时继续收回数十亿美元的股票（315B美元授权约10%）。</blockquote></p><p> <b>Addressing The Risks</b></p><p><blockquote><b>应对风险</b></blockquote></p><p> Fear and inflation. Fear is the largest and most significant risk that Apple faces. Buyers told that bad times are coming tend to zip up their pocketbooks. Buyers who have to spend 10% more on groceries suddenly don't have enough to buy the latest iPhone.</p><p><blockquote>恐惧和通货膨胀。恐惧是苹果面临的最大、最重大的风险。被告知糟糕时期即将到来的买家往往会收紧钱包。不得不在食品杂货上多花10%的购物者突然没有足够的钱购买最新的iPhone。</blockquote></p><p> These are external concerns that Apple has little control over. The company has, over the years, introduced buy-now-pay-later and subscription programs that help buyers get the goods they want at an affordable monthly price, and, as discussed, Apple has substantial margins that it could use to overcome significant headwinds in this space.</p><p><blockquote>这些都是苹果几乎无法控制的外部担忧。多年来，该公司推出了先买后付和订阅计划，帮助买家以可承受的每月价格获得他们想要的商品，而且正如所讨论的，苹果拥有可观的利润，可以用来克服重大阻力在这个领域。</blockquote></p><p> Execution is another risk Apple faces, especially as we look to these \"futuristic\" products. A self-driving car could be worth trillions of dollars in lifetime revenues, or it could be a dud upon release that never gets full approval to operate on the streets. Likewise, an AR headset that no one wants to be seen wearing, or that proves difficult to wear through the day, could be a dead-on-arrival product.</p><p><blockquote>执行力是苹果面临的另一个风险，尤其是当我们关注这些“未来”产品时。一辆自动驾驶汽车的终身收入可能价值数万亿美元，也可能在发布后成为一个哑弹，永远不会获得在街道上运行的完全批准。同样，没有人想被看到佩戴的AR耳机，或者被证明很难全天佩戴的AR耳机，可能是一个到货就死的产品。</blockquote></p><p> Given the nature of these two products and the secrecy surrounding their development, one cannot truly assign a real risk rating to them. They're just things to be aware of. Apple does have a history of great execution (MacBook keyboard and Touch Bar aside), however, so an investor should feel at least somewhat comfortable that the company will put its best foot forward.</p><p><blockquote>鉴于这两种产品的性质及其开发的保密性，人们无法真正为它们分配真正的风险评级。它们只是需要注意的事情。然而，苹果确实有着出色执行力的历史（MacBook键盘和Touch Bar除外），因此投资者至少应该对该公司将全力以赴感到有些放心。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p></p><p> At a valuation nearing $3T one would assume there isn't much room left to run in Apple, but investors still stand to beat the overall market in this name thanks to excellent capital allocation.</p><p><blockquote>在估值接近3T美元的情况下，人们会认为苹果已经没有太多的运行空间了，但由于出色的资本配置，投资者仍然能够以这个名义击败整体市场。</blockquote></p><p> Apple has $315B in authorized buybacks and returns some $14.5B in dividends each year. Apple will likely buyback close to $100B in stock during its 2022 fiscal year which, alone, represents a 3.7% return on today's prices. Combined with a dividend yield of 0.6%, investors will make 4.3% on this name through shareholder friendly practices alone.</p><p><blockquote>苹果拥有$315B的授权回购，每年返还约$14.5 B的股息。苹果可能会在2022财年回购近1000亿美元的股票，仅此一项就相当于今天价格的3.7%的回报率。加上0.6%的股息收益率，仅通过股东友好的做法，投资者就可以在这个名字上获得4.3%的收益。</blockquote></p><p> Those numbers will compound too, another $100B in 2023, $100B in 2024, it all adds up. That $300B is all authorized too.</p><p><blockquote>这些数字也会复合，2023年再增加1000亿美元，2024年再增加1000亿美元，所有这些加起来。那300B美元也全部获得授权。</blockquote></p><p> Along with those buybacks and dividends, investors are buying into a company that, last year, defied laws of large numbers and grew its top-line at 33%. While unlikely this year, I still expect that the wearables and services divisions will grow at double digits which will allow Apple to see high single-digit revenue growth through the coming 3-5 years.</p><p><blockquote>除了这些回购和股息之外，投资者还买入了一家去年无视大数定律、营收增长33%的公司。虽然今年不太可能，但我仍然预计可穿戴设备和服务部门将以两位数的速度增长，这将使苹果在未来3-5年内实现高个位数的收入增长。</blockquote></p><p> Those with a bearish view on Apple act as though this juggernaut will vanish overnight, but that's simply not true. Sure, you're unlikely to pull down 30%+ annual returns going forward, but if you're looking for a high-quality stable business that can beat the market little-by-little, Apple is a great horse (or car) to back.</p><p><blockquote>那些看跌苹果的人表现得好像这个庞然大物会在一夜之间消失，但事实并非如此。当然，未来你不太可能降低30%以上的年回报率，但如果你正在寻找一家能够一点一点击败市场的高质量稳定业务，苹果是一匹很棒的马（或汽车）回来。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4473801-apple-a-true-never-sell-position\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4473801-apple-a-true-never-sell-position","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162682713","content_text":"Summary\n\nWith $315B in authorized share buybacks and a 0.6% yield, Apple should return 4.3% on shareholder-friendly practices alone.\nIn addition, the company will still see double-digit growth in wearables and services, even if iPhone slows down a little.\nThe Apple ecosystem also stands to get more intertwined with a potential Apple Car and AR/VR plays.\n\nCatLane/iStock Unreleased via Getty Images\nAt an almost $3T market cap, I am still a holder of Apple (AAPL). While I absolutely wish I would have bought more of this powerhouse in years past, I've made do with incremental gains from dividend reinvestment.\nThe news cycle would have you believe that this behemoth has head-winds galore, and that the downfall could come any day now. With limited risk and potential galore, is the company worth buying today?\nLimited Risk\nImage: Forbes magazine cover, 2007\nI am familiar with cellphone manufacturers of days past. Nokia, for example, used to be the titan of industry. It was thought to be untouchable and then came the iPhone. I mean, just look at the Forbes cover above, \"can anyone catch the cell phone king?\"\nThat cover hit news stands on November 12, 2007, a few months after the iPhone had made its debut. The straw that broke Nokia's back, and the feature which gives Apple a moat wider than Apple Park today, The App Store launched in mid-2008.\nThe App Store, as simple as it may seem, gave Apple the keys to the kingdom. Rather than be limited to the few apps that came on your Nokia device, you could use one of the thousands of apps sold by third-party developers on the iPhone. This was the beginning of a world-beating ecosystem.\nToday, Apple's ecosystem has grown in a significant way. The growth of that ecosystem means that Apple \"fanboys\" would have to spend thousands of dollars, or work through significant inconveniences to switch.\nConsider the user that has subscriptions to several apps, Air Pods, an Apple Watch, iPhone, iPad, and perhaps a MacBook. That person is not an outlier. If they consider switching to Android they'll have to cancel those several apps, throw their Apple Watch out, replace the AirPods, and would lose lots of great tie-in messaging functionality across the iPad and MacBook.\nFirst-world problems, absolutely. The tie-in, however, is real. Apple make world-class products that users love. They get caught up in all the added accessories which deliver a great experience and then they are customers for life.\nApple stock, for all intents and purposes, is a better place to keep your money than cash because of this lack of risk. Should something start to topple this house of cards, it wouldn't happen overnight, and it certainly won't happen as rapidly as it happened to Nokia because of the switching costs Apple has built up.\nEnviable Metrics\nDespite running up against the law of large numbers, Apple continues to look stellar when considering a number of different metrics.\nImage: Apple's debt per 10-K (Page 45)\nThe worst metric, in my opinion, Apple has is a 1.7 debt-to-equity ratio. However, on that figure, my mind may be stuck in a good days of positive interest rates. Much of Apple's $109B of debt is at a negligible (0.03-2%) interest rate. Higher end servicing costs sit a hair below 5%, but this makes up a minority of Apple's debt per the company's 10-K filings.\nData by YCharts\nAll of that money did not go into internal projects, however, it went to share buybacks. Perhaps no company epitomizes share buybacks like Apple has over the last decade. The company has retired hundreds of billions of dollars' worth of stock to shareholders benefit, and it continues to do so today.\nThese share buybacks are why Berkshire Hathaway (BRK.B) now owns 5.5% of Apple. Back when many lauded Buffett for being late to the Apple train, he has proven his conviction worthwhile and helped an already massive Berkshire portfolio continue to beat the market with this high concentration investment.\nBuffett aside, Apple does excel in several metrics one should be looking for when investing in high-quality stocks. Return on equity here sits at an eye-popping 140% due to a pandemic induced expansion in net income.\nData by YCharts\nGiven the amount of debt, return on invested capital, likely, is the better metric to take a look at here. Apple's ROIC has been consistently over the 20% mark, which is a sign of a fantastic business.\nOh, and it probably goes without mentioning, but this business is cash rich. Apple, as of its last report, has $35B in cash on hand and $155B in marketable securities (a mix of current and non-current). With $190B in capital that the company can still deploy, Apple is certainly in an enviable position.\nValuation: Rich\nThose metrics are not unknown, but they are incredible. It's no surprise that Apple will likely cross $3T market cap in the next year or so, but is the company worth buying at these high levels?\nAs mentioned above, I view Apple as an almost cash like position. In a world of inflation, Apple has the balance sheet to carry it through, it has significant pricing power, and it has exceptionally high margins on its products to be able to weather the storm. Would you rather your money lose 5% of its buying power per year, or grow in an American titan like Apple?\nImage: A mockup VR headset via BGR\nA valuation of Apple also has to include the potential for an Apple Car, or the AR/VR headsets that will be with us within the next 18-months. These types of projects have been kept well under wraps, but considering the valuations of EV manufacturers like Tesla (TSLA) and Rivian (RIVN), the market will reward Apple rather richly for a well-executed product.\nAn Apple car with deep iOS integration,as is speculated, would further drive the ecosystem flywheel. In fact, it would take that flywheel to unimaginable levels. Imagine trying to leave an ecosystem where you have to replace a $50K (and I'm probably being cheap) car, a phone, a computer... it's quite the lock in.\nTaking AR/VR into account, one would have to consider that AR could be a cannibalizing force for the iPhone. If one can see all they need through lenses and control those lenses through gestures or the Apple Watch, Apple could cannibalize the phone market.\nThat, however, is a good thing. Apple could price a novel item like AR glasses with higher margins than a phone. Fans and tech enthusiasts would pay that early adopter price and others would soon follow suit if the product lives up to the hype. It gets Apple out of the \"$1,000 for a phone\" line of thinking.\nData by YCharts\nAll this to say, Apple's rich valuation today is a worthy one. At a PE of ~29, it's hardly extortionate, but it is outside of Apple's average over the last five years.\nThe ecosystem, one that ties its customers in for life, is where the value lies here and Apple has plans to expand that with vehicles and wearables. Even at a PE of 29, I believe this to be a secure long-term investment that will pay investors a dividend, albeit small, along the way while continuing to retire billions of dollars in stock ($315B authorized ~10%).\nAddressing The Risks\nFear and inflation. Fear is the largest and most significant risk that Apple faces. Buyers told that bad times are coming tend to zip up their pocketbooks. Buyers who have to spend 10% more on groceries suddenly don't have enough to buy the latest iPhone.\nThese are external concerns that Apple has little control over. The company has, over the years, introduced buy-now-pay-later and subscription programs that help buyers get the goods they want at an affordable monthly price, and, as discussed, Apple has substantial margins that it could use to overcome significant headwinds in this space.\nExecution is another risk Apple faces, especially as we look to these \"futuristic\" products. A self-driving car could be worth trillions of dollars in lifetime revenues, or it could be a dud upon release that never gets full approval to operate on the streets. Likewise, an AR headset that no one wants to be seen wearing, or that proves difficult to wear through the day, could be a dead-on-arrival product.\nGiven the nature of these two products and the secrecy surrounding their development, one cannot truly assign a real risk rating to them. They're just things to be aware of. Apple does have a history of great execution (MacBook keyboard and Touch Bar aside), however, so an investor should feel at least somewhat comfortable that the company will put its best foot forward.\nFinal Thoughts\nAt a valuation nearing $3T one would assume there isn't much room left to run in Apple, but investors still stand to beat the overall market in this name thanks to excellent capital allocation.\nApple has $315B in authorized buybacks and returns some $14.5B in dividends each year. Apple will likely buyback close to $100B in stock during its 2022 fiscal year which, alone, represents a 3.7% return on today's prices. Combined with a dividend yield of 0.6%, investors will make 4.3% on this name through shareholder friendly practices alone.\nThose numbers will compound too, another $100B in 2023, $100B in 2024, it all adds up. That $300B is all authorized too.\nAlong with those buybacks and dividends, investors are buying into a company that, last year, defied laws of large numbers and grew its top-line at 33%. While unlikely this year, I still expect that the wearables and services divisions will grow at double digits which will allow Apple to see high single-digit revenue growth through the coming 3-5 years.\nThose with a bearish view on Apple act as though this juggernaut will vanish overnight, but that's simply not true. Sure, you're unlikely to pull down 30%+ annual returns going forward, but if you're looking for a high-quality stable business that can beat the market little-by-little, Apple is a great horse (or car) to back.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3074,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606543316,"gmtCreate":1638907585319,"gmtModify":1638907585319,"author":{"id":"4100787327165020","authorId":"4100787327165020","name":"Cazwyh","avatar":"https://static.tigerbbs.com/a50709c3a01b4bc64250ae4ff8f5454b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4100787327165020","idStr":"4100787327165020"},"themes":[],"htmlText":"Go Apple!&nbsp;","listText":"Go Apple!&nbsp;","text":"Go Apple!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606543316","repostId":"1159685639","repostType":4,"repost":{"id":"1159685639","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":1638888367,"share":"https://www.laohu8.com/m/news/1159685639?lang=zh_CN&edition=full","pubTime":"2021-12-07 22:46","market":"us","language":"en","title":"Apple shares rose more than 3% to a new high<blockquote>苹果股价上涨超过3%，创下新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685639","media":"Tiger Newspress","summary":"Apple shares rose more than 3% to a new high after the company got another street-high target on vir","content":"<p>Apple shares rose more than 3% to a new high&nbsp;after&nbsp;the&nbsp;company&nbsp;got another street-high target on virtual reality boost.</p><p><blockquote>苹果股价上涨超过3%，创下新高，此前该公司因虚拟现实提振而再次获得华尔街高点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/eb9792aa89d24847aee38f67d56067eb\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Apple Inc.&nbsp;got its second Street-high price target as Morgan Stanley sees it benefiting from new product categories in virtual reality and autonomous vehicles.</p><p><blockquote>苹果公司获得了第二个华尔街最高价目标，因为摩根士丹利认为该公司受益于虚拟现实和自动驾驶汽车的新产品类别。</blockquote></p><p> Analyst Katy Huberty, who rates Apple overweight, raised her price target to $200 from $164, matching Wedbush as the highest among targets tracked by Bloomberg. </p><p><blockquote>对苹果·跑赢大盘进行评级的分析师凯蒂·休伯蒂(Katy Huberty)将目标价从164美元上调至200美元，与彭博社追踪的目标中韦德布什(Wedbush)持平。</blockquote></p><p> While investors have struggled to value the iPhone maker’s new products given the company’s secrecy, Huberty expects augmented and virtual reality, as well as autonomous vehicles, to eventually be priced in, and says Apple should also benefit from a “flight to quality” in technology stocks.</p><p><blockquote>尽管鉴于这家iPhone制造商的保密性，投资者一直难以评估该公司新产品的价值，但休伯蒂预计增强现实和虚拟现实以及自动驾驶汽车最终将被定价，并表示苹果也应该从科技股的“向高质量发展”中受益。</blockquote></p><p> “Despite a consistent and material revenue contribution from new products and services over time, Apple shares don’t seem to bake in the impact from upcoming new product launches,” Huberty wrote in a note. “We believe this will change as Apple approaches the launch of an AR/VR product over the next year.”</p><p><blockquote>休伯蒂在一份报告中写道：“尽管随着时间的推移，新产品和服务带来了持续且实质性的收入贡献，但苹果股价似乎并未受到即将推出的新产品的影响。”“我们相信，随着苹果在明年推出AR/VR产品，这种情况将会改变。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d1d69bd985c3b74963515674f2da918\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Apple’s shares have surged 25% this year and ended Monday’s session at a fresh record. Investors consider the tech giant a safe bet in an increasingly volatile market, as the highest-valued names in the sector get hit by hawkish signals from the Federal Reserve.</p><p><blockquote>苹果股价今年已飙升25%，周一收盘创下新纪录。投资者认为，在日益动荡的市场中，这家科技巨头是一个安全的赌注，因为该行业估值最高的公司受到了美联储鹰派信号的打击。</blockquote></p><p> Huberty also increased her estimates for Apple’s December quarter, citing improving iPhone supply as manufacturing disruptions ease.</p><p><blockquote>Huberty还上调了对苹果12月份季度的预期，理由是随着制造中断的缓解，iPhone供应有所改善。</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>Apple shares rose more than 3% to a new high<blockquote>苹果股价上涨超过3%，创下新高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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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\">\nApple shares rose more than 3% to a new high<blockquote>苹果股价上涨超过3%，创下新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-07 22:46</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple shares rose more than 3% to a new high&nbsp;after&nbsp;the&nbsp;company&nbsp;got another street-high target on virtual reality boost.</p><p><blockquote>苹果股价上涨超过3%，创下新高，此前该公司因虚拟现实提振而再次获得华尔街高点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/eb9792aa89d24847aee38f67d56067eb\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Apple Inc.&nbsp;got its second Street-high price target as Morgan Stanley sees it benefiting from new product categories in virtual reality and autonomous vehicles.</p><p><blockquote>苹果公司获得了第二个华尔街最高价目标，因为摩根士丹利认为该公司受益于虚拟现实和自动驾驶汽车的新产品类别。</blockquote></p><p> Analyst Katy Huberty, who rates Apple overweight, raised her price target to $200 from $164, matching Wedbush as the highest among targets tracked by Bloomberg. </p><p><blockquote>对苹果·跑赢大盘进行评级的分析师凯蒂·休伯蒂(Katy Huberty)将目标价从164美元上调至200美元，与彭博社追踪的目标中韦德布什(Wedbush)持平。</blockquote></p><p> While investors have struggled to value the iPhone maker’s new products given the company’s secrecy, Huberty expects augmented and virtual reality, as well as autonomous vehicles, to eventually be priced in, and says Apple should also benefit from a “flight to quality” in technology stocks.</p><p><blockquote>尽管鉴于这家iPhone制造商的保密性，投资者一直难以评估该公司新产品的价值，但休伯蒂预计增强现实和虚拟现实以及自动驾驶汽车最终将被定价，并表示苹果也应该从科技股的“向高质量发展”中受益。</blockquote></p><p> “Despite a consistent and material revenue contribution from new products and services over time, Apple shares don’t seem to bake in the impact from upcoming new product launches,” Huberty wrote in a note. “We believe this will change as Apple approaches the launch of an AR/VR product over the next year.”</p><p><blockquote>休伯蒂在一份报告中写道：“尽管随着时间的推移，新产品和服务带来了持续且实质性的收入贡献，但苹果股价似乎并未受到即将推出的新产品的影响。”“我们相信，随着苹果在明年推出AR/VR产品，这种情况将会改变。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d1d69bd985c3b74963515674f2da918\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Apple’s shares have surged 25% this year and ended Monday’s session at a fresh record. Investors consider the tech giant a safe bet in an increasingly volatile market, as the highest-valued names in the sector get hit by hawkish signals from the Federal Reserve.</p><p><blockquote>苹果股价今年已飙升25%，周一收盘创下新纪录。投资者认为，在日益动荡的市场中，这家科技巨头是一个安全的赌注，因为该行业估值最高的公司受到了美联储鹰派信号的打击。</blockquote></p><p> Huberty also increased her estimates for Apple’s December quarter, citing improving iPhone supply as manufacturing disruptions ease.</p><p><blockquote>Huberty还上调了对苹果12月份季度的预期，理由是随着制造中断的缓解，iPhone供应有所改善。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685639","content_text":"Apple shares rose more than 3% to a new high after the company got another street-high target on virtual reality boost.\n\nApple Inc. got its second Street-high price target as Morgan Stanley sees it benefiting from new product categories in virtual reality and autonomous vehicles.\nAnalyst Katy Huberty, who rates Apple overweight, raised her price target to $200 from $164, matching Wedbush as the highest among targets tracked by Bloomberg. \nWhile investors have struggled to value the iPhone maker’s new products given the company’s secrecy, Huberty expects augmented and virtual reality, as well as autonomous vehicles, to eventually be priced in, and says Apple should also benefit from a “flight to quality” in technology stocks.\n“Despite a consistent and material revenue contribution from new products and services over time, Apple shares don’t seem to bake in the impact from upcoming new product launches,” Huberty wrote in a note. “We believe this will change as Apple approaches the launch of an AR/VR product over the next year.”\n\nApple’s shares have surged 25% this year and ended Monday’s session at a fresh record. Investors consider the tech giant a safe bet in an increasingly volatile market, as the highest-valued names in the sector get hit by hawkish signals from the Federal Reserve.\nHuberty also increased her estimates for Apple’s December quarter, citing improving iPhone supply as manufacturing disruptions ease.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603246856,"gmtCreate":1638418435223,"gmtModify":1638418435223,"author":{"id":"4100787327165020","authorId":"4100787327165020","name":"Cazwyh","avatar":"https://static.tigerbbs.com/a50709c3a01b4bc64250ae4ff8f5454b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4100787327165020","idStr":"4100787327165020"},"themes":[],"htmlText":"Completely agree that the important thing iswhat’s our investment objective to start withas greed can bring big gains but also big losses!&nbsp;","listText":"Completely agree that the important thing iswhat’s our investment objective to start withas greed can bring big gains but also big losses!&nbsp;","text":"Completely agree that the important thing iswhat’s our investment objective to start withas greed can bring big gains but also big losses!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/603246856","repostId":"2188049563","repostType":4,"isVote":1,"tweetType":1,"viewCount":2597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603259581,"gmtCreate":1638416371273,"gmtModify":1638416371341,"author":{"id":"4100787327165020","authorId":"4100787327165020","name":"Cazwyh","avatar":"https://static.tigerbbs.com/a50709c3a01b4bc64250ae4ff8f5454b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4100787327165020","idStr":"4100787327165020"},"themes":[],"htmlText":"Let’s see how the market moves.&nbsp;","listText":"Let’s see how the market moves.&nbsp;","text":"Let’s see how the market moves.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/603259581","repostId":"1102558803","repostType":2,"isVote":1,"tweetType":1,"viewCount":2262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603324058,"gmtCreate":1638368897874,"gmtModify":1638368897985,"author":{"id":"4100787327165020","authorId":"4100787327165020","name":"Cazwyh","avatar":"https://static.tigerbbs.com/a50709c3a01b4bc64250ae4ff8f5454b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4100787327165020","idStr":"4100787327165020"},"themes":[],"htmlText":"Cool! [Miser]&nbsp;","listText":"Cool! [Miser]&nbsp;","text":"Cool! [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/603324058","repostId":"1161855788","repostType":4,"repost":{"id":"1161855788","kind":"news","pubTimestamp":1638368211,"share":"https://www.laohu8.com/m/news/1161855788?lang=zh_CN&edition=full","pubTime":"2021-12-01 22:16","market":"us","language":"en","title":"3 Top Stocks That'll Make You Richer in December (and Beyond)<blockquote>3只会让你在12月（及以后）变得更富有的顶级股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161855788","media":"Motley Fool","summary":"Bargains abound for growth and value investors.","content":"<p>We've officially hit the home stretch for what looks like another great year for the stock market. Since bottoming out in March 2020, the benchmark&nbsp;<b>S&amp;P 500</b>&nbsp;has been practically unstoppable. In what's become the strongest bounce-back rally from a bear-market bottom on record, the S&amp;P 500 has delivered a total return, including dividends, of 111% since March 23, 2020.</p><p><blockquote>我们已经正式进入了股市又一个伟大年份的冲刺阶段。自2020年3月触底以来，基准<b>标普500</b>几乎是不可阻挡的。自2020年3月23日以来，该标普500的总回报率（包括股息）为111%，这已成为有记录以来从熊市底部最强劲的反弹。</blockquote></p><p> But even with the broader market a stone's throw from an all-time high, incredible deals still abound. The following three top stocks all possess attributes that can help make you richer in December, and, most importantly, well beyond.</p><p><blockquote>但即使大盘距离历史高点仅一箭之遥，令人难以置信的交易仍然比比皆是。以下三只顶级股票都拥有可以帮助您在12月变得更富有的属性，最重要的是，还可以让您在12月变得更富有。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d06d7202e9c1d1c4d748bc3e1a80774\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Sea Limited</b></p><p><blockquote><b>海有限公司</b></blockquote></p><p> For you unbridledgrowth investors, the stock that could make you a lot richer this month and well beyond is Singapore-based&nbsp;<b>Sea Limited</b>.</p><p><blockquote>对于那些肆无忌惮的成长型投资者来说，新加坡的股票可以让你在本月及以后变得更加富有<b>海有限公司</b>.</blockquote></p><p> Sea has had a monumental run-up since the bear-market bottom 20 months ago. Shares are up a cool 672% -- and that's after a 20% pullback from its all-time closing high on Oct. 19. With inflation picking up and coronavirus disease 2019 (COVID-19) variant concerns rearing their head, most growth stocks have taken it on the chin. But neither U.S. inflation nor COVID-19 variants are of concern to Sea Limited's three rapidly growing operating segments.</p><p><blockquote>自20个月前熊市触底以来，Sea经历了巨大的上涨。股价较10月19日的历史收盘高点回调20%后，上涨了672%。随着通胀加剧和冠状病毒疾病2019（COVID-19）变种的担忧抬头，大多数成长型股票都受到了打击。但Sea Limited的三个快速增长的运营部门都不关心美国通胀和COVID-19变种。</blockquote></p><p> For the time being, the only division generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA) is its mobile gaming unit, led by<i>Free Fire</i>. When the curtain closed on September, the company had 729 million quarterly active gamers.</p><p><blockquote>目前，唯一产生正息税折旧摊销前利润(EBITDA)的部门是其移动游戏部门，由<i>自由射击</i>截至9月9日，该公司的季度活跃游戏玩家数量为7.29亿。</blockquote></p><p> But it's not the number of gamers that's impressive. It's that 12.8% of these gamers (93.2 million) were paying to play. The pay-to-play conversion rate for the mobile gaming industry was closer to 2% in 2020.&nbsp; As long as Sea is generating revenue from users at a considerably higher clip than the industry average, it should command a valuation premium.</p><p><blockquote>但令人印象深刻的并不是游戏玩家的数量。这些游戏玩家中有12.8%（9320万）是付费玩的。2020年，移动游戏行业的付费游戏转化率接近2%。只要Sea从用户那里获得的收入远高于行业平均水平，它就应该获得估值溢价。</blockquote></p><p> The second rapidly growing segment is digital financial services. Though this division is still relatively nascent, the number of paying mobile wallet users grew to 39.3 million in the third quarter. Since many of the regions targeted by Sea are underbanked emerging markets, offering digital financial tools that can democratize the payment process&nbsp;could be a long-term game-changer.</p><p><blockquote>第二个快速增长的领域是数字金融服务。尽管该部门仍相对较新，但第三季度付费移动钱包用户数量增长至3930万。由于Sea的许多目标地区都是银行服务不足的新兴市场，因此提供能够使支付流程民主化的数字金融工具可能会改变长期的游戏规则。</blockquote></p><p> But the third and&nbsp;most exciting operating segment&nbsp;is its e-commerce division, Shopee. Among downloadable shopping apps, Shopee consistently reigns supreme in Southeastern Asia. Between COVID-19 keeping people in their homes and middle-class consumers fueling buying activity in emerging market economies, Shopee is set up for success. In fact, its annual gross merchandise value (GMV) run-rate of $67.2 billion (based on third-quarter 2021 figures) is more than six times higher than the GMV the company reported in all of 2018.</p><p><blockquote>但第三个也是最令人兴奋的运营部门是其电子商务部门Shopee。在可下载的购物应用中，Shopee在东南亚一直占据主导地位。在COVID-19让人们呆在家里和中产阶级消费者推动新兴市场经济体的购买活动之间，Shopee注定会取得成功。事实上，其年度商品总值(GMV)运行率为672亿美元（基于2021年第三季度的数据），是该公司2018年全年报告的GMV的六倍多。</blockquote></p><p> Sea Limited could very well be one of the fastest-growing mega-cap stocks on the planet this decade.</p><p><blockquote>Sea Limited很可能成为这十年全球增长最快的大型股之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d8ba66a74371fb87c9a662943abcdd4\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Planet 13 Holdings</b></p><p><blockquote><b>星球13控股</b></blockquote></p><p> Another top stock with all the tools necessary to make investors richer in December and for many years in the future is U.S.&nbsp;marijuana stock&nbsp;<b>Planet 13 Holdings</b>.</p><p><blockquote>另一只顶级股票是美国大麻股票，它拥有让投资者在12月和未来许多年变得更加富有的所有必要工具<b>星球13控股</b>.</blockquote></p><p> Easily the biggest objection to investing in U.S. pot stocks is the fact that Congress still hasn't enacted cannabis legalization efforts. While it would make life easier for marijuana companies if the federal government would enact reforms, the vast majority of publicly traded pot stocks are primed for success if the status quo continues. With&nbsp;36 states&nbsp;having legalized weed in some capacity, and the Department of Justice maintaining a hands-off policy, U.S. cannabis stocks like Planet 13 can bloom into successful businesses.</p><p><blockquote>投资美国大麻股票的最大反对意见无疑是国会尚未颁布大麻合法化措施。虽然如果联邦政府实施改革，大麻公司的日子会更轻松，但如果现状继续下去，绝大多数公开交易的大麻股票已经做好了成功的准备。随着36个州以某种方式将大麻合法化，以及司法部维持不干涉政策，像Planet 13这样的美国大麻股票可以发展成为成功的企业。</blockquote></p><p> For the vast majority of multi-state operators (MSOs), their strategy consists of targeting big-dollar markets and planting their proverbial flag in as many states as possible. But this isn't how Planet 13 operates. It&nbsp;gets its competitive edge&nbsp;by focusing just as much on the immersive shopping experience as it does on making a sale.</p><p><blockquote>对于绝大多数多州运营商（MSO）来说，他们的战略包括瞄准大美元市场，并在尽可能多的州插上他们众所周知的旗帜。但这不是13号行星的运作方式。它通过像关注销售一样关注沉浸式购物体验来获得竞争优势。</blockquote></p><p> For the moment, Planet 13&nbsp;has just two operating dispensaries. The first is the Las Vegas SuperStore just west of the Strip. It's 112,000 square feet in size and contains a restaurant, events center, and consumer-facing processing center. In July 2021, Planet 13 opened its Orange County SuperStore about 10 minutes from Disneyland in Santa Ana, California. It spans 55,000 square feet and features a whopping 16,500 square feet of selling space.'</p><p><blockquote>目前，13号星球只有两家正在运营的药房。第一个是拉斯维加斯超市，就在拉斯维加斯大道的西边。它的面积为112,000平方英尺，包含一个餐厅、活动中心和面向消费者的处理中心。2021年7月，Planet 13在距离加利福尼亚州圣安娜迪士尼乐园约10分钟路程的奥兰治县超市开业。它占地55,000平方英尺，销售空间高达16,500平方英尺。</blockquote></p><p></p><p> Planet 13's stores are a must-see for cannabis tourists as well as locals. In fact, significantly reduced tourist traffic to Las Vegas during the pandemic forced the company to begin focusing on local residents. With Las Vegas tourism returning to some semblance of normal, Planet 13 now has both tourist appeal and a strong local resident following.</p><p><blockquote>Planet 13的商店是大麻游客和当地人的必去之地。事实上，疫情期间前往拉斯维加斯的游客流量大幅减少，迫使该公司开始关注当地居民。随着拉斯维加斯旅游业恢复正常，13号星球现在既有旅游吸引力，又有强大的当地居民追随者。</blockquote></p><p> The company has also had quite a bit of success launching its own cannabis brands. According to Headset, via third-quarter commentary from Planet 13 CEO Larry Scheffler, Trendi comprises 5% of Nevada's vape sales, with HaHa edibles accounting for 14% of the Silver State's edible sales.</p><p><blockquote>该公司在推出自己的大麻品牌方面也取得了相当大的成功。据Headset报道，通过Planet 13首席执行官Larry Scheffler第三季度的评论，Trendi占内华达州vape销售额的5%，HaHa edibles占银州食品销售额的14%。</blockquote></p><p> With Planet 13 on the cusp of recurring profitability and more than 50% below its February high, the time for opportunistic investors to pounce is now.</p><p><blockquote>随着Planet 13正处于经常性盈利的风口浪尖，比2月份的高点低50%以上，现在是机会主义投资者猛攻的时候了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/106238ec5cefb2975d9231f3547e445c\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Teva Pharmaceutical Industries</b></p><p><blockquote><b>梯瓦制药工业公司</b></blockquote></p><p> As for you&nbsp;value investors, the top stock that can make you richer in December and beyond is brand-name and generic drug developer&nbsp;<b>Teva Pharmaceutical Industries</b>.</p><p><blockquote>对于价值投资者来说，能让您在12月及以后变得更富有的顶级股票是品牌和仿制药开发商<b>梯瓦制药工业公司</b>.</blockquote></p><p> Teva has dealt with a laundry list of bad news events over the five years. The company settled bribery charges with U.S. regulators, grossly overpaid for generic drugmaker Actavis, completely shelved its dividend, and saw its top-selling drug -- multiple sclerosis drug Copaxone -- lose patent exclusivity. But the biggest concern of late is the ongoing litigation Teva is facing over its role in the opioid crisis.</p><p><blockquote>五年来，梯瓦公司处理了一系列坏消息。该公司与美国监管机构和解了贿赂指控，向仿制药制造商阿特维斯支付了过高的费用，完全搁置了股息，并看到其最畅销的药物——多发性硬化症药物Copaxone——失去了专利排他性。但最近最大的担忧是梯瓦因其在阿片类药物危机中所扮演的角色而面临的持续诉讼。</blockquote></p><p> While these are not the types of hurdles that get leaped in a single bound, Teva's CEO Kare Schultz&nbsp;has done an exemplary job&nbsp;of getting the company back on track. Schultz is a bona fide turnaround specialist who's been with the company for a little over four years. In that time, he's reduced Teva's net debt from more than $34 billion to around $22 billion. This has been accomplished by selling off non-core assets, reducing annual operating expenses by billions of dollars, and utilizing the company's bountiful operating cash flow to pay down debt. There no question that Teva is a more financially sound company now than when Schultz was first given the reins.</p><p><blockquote>虽然这些都不是一蹴而就的障碍，但梯瓦首席执行官卡雷·舒尔茨(Kare Schultz)在让公司重回正轨方面做得堪称典范。舒尔茨是一位真正的扭亏为盈专家，他在公司工作了四年多一点。在此期间，他将梯瓦的净债务从超过340亿美元减少到约220亿美元。这是通过出售非核心资产、减少数十亿美元的年度运营费用以及利用公司丰富的运营现金流偿还债务来实现的。毫无疑问，梯瓦现在的财务状况比舒尔茨第一次掌权时更加稳健。</blockquote></p><p> Schultz is expected to play a key role in&nbsp;helping Teva navigate a sea of litigation, too. With the company focused on reducing debt, Schultz will aim to settle litigation with minimal amounts of cash. Instead, look for the company to offer free or reduced-price medication to states over roughly a decade as a way of potentially settling opioid litigation. It also doesn't hurt that a California trial found drugmakers weren't liable for the opioid epidemic. This puts added momentum in Teva's sails.</p><p><blockquote>预计舒尔茨也将在帮助梯瓦应对诉讼海洋方面发挥关键作用。由于公司专注于减少债务，舒尔茨的目标是用最少的现金解决诉讼。相反，期待该公司在大约十年内向各州提供免费或低价药物，作为解决阿片类药物诉讼的潜在方式。加州的一项试验发现制药商对阿片类药物的流行没有责任，这也没有什么坏处。这为梯瓦的航行增添了动力。</blockquote></p><p> Over the long run, Teva should be buoyed by increased usage of generics. Rapidly rising brand-name drug list prices, coupled with growing access to healthcare services, should lift Teva's generic drug pricing power and overall sales volume.</p><p><blockquote>从长远来看，仿制药使用的增加应该会提振梯瓦。快速上涨的品牌药物清单价格，加上获得医疗保健服务的机会不断增加，应该会提升梯瓦的仿制药定价权和整体销量。</blockquote></p><p> At roughly three times (yes,<i>three times</i>!) Wall Street's consensus forward-year earnings per share, you'd struggle to find a more deeply discounted&nbsp;drug stock&nbsp;right now.</p><p><blockquote>大约三次（是的，<i>三次</i>!)根据华尔街普遍预期的每股收益，你现在很难找到更大折扣的药品股票。</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 Top Stocks That'll Make You Richer in December (and Beyond)<blockquote>3只会让你在12月（及以后）变得更富有的顶级股票</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 Top Stocks That'll Make You Richer in December (and Beyond)<blockquote>3只会让你在12月（及以后）变得更富有的顶级股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-01 22:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>We've officially hit the home stretch for what looks like another great year for the stock market. Since bottoming out in March 2020, the benchmark&nbsp;<b>S&amp;P 500</b>&nbsp;has been practically unstoppable. In what's become the strongest bounce-back rally from a bear-market bottom on record, the S&amp;P 500 has delivered a total return, including dividends, of 111% since March 23, 2020.</p><p><blockquote>我们已经正式进入了股市又一个伟大年份的冲刺阶段。自2020年3月触底以来，基准<b>标普500</b>几乎是不可阻挡的。自2020年3月23日以来，该标普500的总回报率（包括股息）为111%，这已成为有记录以来从熊市底部最强劲的反弹。</blockquote></p><p> But even with the broader market a stone's throw from an all-time high, incredible deals still abound. The following three top stocks all possess attributes that can help make you richer in December, and, most importantly, well beyond.</p><p><blockquote>但即使大盘距离历史高点仅一箭之遥，令人难以置信的交易仍然比比皆是。以下三只顶级股票都拥有可以帮助您在12月变得更富有的属性，最重要的是，还可以让您在12月变得更富有。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d06d7202e9c1d1c4d748bc3e1a80774\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Sea Limited</b></p><p><blockquote><b>海有限公司</b></blockquote></p><p> For you unbridledgrowth investors, the stock that could make you a lot richer this month and well beyond is Singapore-based&nbsp;<b>Sea Limited</b>.</p><p><blockquote>对于那些肆无忌惮的成长型投资者来说，新加坡的股票可以让你在本月及以后变得更加富有<b>海有限公司</b>.</blockquote></p><p> Sea has had a monumental run-up since the bear-market bottom 20 months ago. Shares are up a cool 672% -- and that's after a 20% pullback from its all-time closing high on Oct. 19. With inflation picking up and coronavirus disease 2019 (COVID-19) variant concerns rearing their head, most growth stocks have taken it on the chin. But neither U.S. inflation nor COVID-19 variants are of concern to Sea Limited's three rapidly growing operating segments.</p><p><blockquote>自20个月前熊市触底以来，Sea经历了巨大的上涨。股价较10月19日的历史收盘高点回调20%后，上涨了672%。随着通胀加剧和冠状病毒疾病2019（COVID-19）变种的担忧抬头，大多数成长型股票都受到了打击。但Sea Limited的三个快速增长的运营部门都不关心美国通胀和COVID-19变种。</blockquote></p><p> For the time being, the only division generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA) is its mobile gaming unit, led by<i>Free Fire</i>. When the curtain closed on September, the company had 729 million quarterly active gamers.</p><p><blockquote>目前，唯一产生正息税折旧摊销前利润(EBITDA)的部门是其移动游戏部门，由<i>自由射击</i>截至9月9日，该公司的季度活跃游戏玩家数量为7.29亿。</blockquote></p><p> But it's not the number of gamers that's impressive. It's that 12.8% of these gamers (93.2 million) were paying to play. The pay-to-play conversion rate for the mobile gaming industry was closer to 2% in 2020.&nbsp; As long as Sea is generating revenue from users at a considerably higher clip than the industry average, it should command a valuation premium.</p><p><blockquote>但令人印象深刻的并不是游戏玩家的数量。这些游戏玩家中有12.8%（9320万）是付费玩的。2020年，移动游戏行业的付费游戏转化率接近2%。只要Sea从用户那里获得的收入远高于行业平均水平，它就应该获得估值溢价。</blockquote></p><p> The second rapidly growing segment is digital financial services. Though this division is still relatively nascent, the number of paying mobile wallet users grew to 39.3 million in the third quarter. Since many of the regions targeted by Sea are underbanked emerging markets, offering digital financial tools that can democratize the payment process&nbsp;could be a long-term game-changer.</p><p><blockquote>第二个快速增长的领域是数字金融服务。尽管该部门仍相对较新，但第三季度付费移动钱包用户数量增长至3930万。由于Sea的许多目标地区都是银行服务不足的新兴市场，因此提供能够使支付流程民主化的数字金融工具可能会改变长期的游戏规则。</blockquote></p><p> But the third and&nbsp;most exciting operating segment&nbsp;is its e-commerce division, Shopee. Among downloadable shopping apps, Shopee consistently reigns supreme in Southeastern Asia. Between COVID-19 keeping people in their homes and middle-class consumers fueling buying activity in emerging market economies, Shopee is set up for success. In fact, its annual gross merchandise value (GMV) run-rate of $67.2 billion (based on third-quarter 2021 figures) is more than six times higher than the GMV the company reported in all of 2018.</p><p><blockquote>但第三个也是最令人兴奋的运营部门是其电子商务部门Shopee。在可下载的购物应用中，Shopee在东南亚一直占据主导地位。在COVID-19让人们呆在家里和中产阶级消费者推动新兴市场经济体的购买活动之间，Shopee注定会取得成功。事实上，其年度商品总值(GMV)运行率为672亿美元（基于2021年第三季度的数据），是该公司2018年全年报告的GMV的六倍多。</blockquote></p><p> Sea Limited could very well be one of the fastest-growing mega-cap stocks on the planet this decade.</p><p><blockquote>Sea Limited很可能成为这十年全球增长最快的大型股之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d8ba66a74371fb87c9a662943abcdd4\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Planet 13 Holdings</b></p><p><blockquote><b>星球13控股</b></blockquote></p><p> Another top stock with all the tools necessary to make investors richer in December and for many years in the future is U.S.&nbsp;marijuana stock&nbsp;<b>Planet 13 Holdings</b>.</p><p><blockquote>另一只顶级股票是美国大麻股票，它拥有让投资者在12月和未来许多年变得更加富有的所有必要工具<b>星球13控股</b>.</blockquote></p><p> Easily the biggest objection to investing in U.S. pot stocks is the fact that Congress still hasn't enacted cannabis legalization efforts. While it would make life easier for marijuana companies if the federal government would enact reforms, the vast majority of publicly traded pot stocks are primed for success if the status quo continues. With&nbsp;36 states&nbsp;having legalized weed in some capacity, and the Department of Justice maintaining a hands-off policy, U.S. cannabis stocks like Planet 13 can bloom into successful businesses.</p><p><blockquote>投资美国大麻股票的最大反对意见无疑是国会尚未颁布大麻合法化措施。虽然如果联邦政府实施改革，大麻公司的日子会更轻松，但如果现状继续下去，绝大多数公开交易的大麻股票已经做好了成功的准备。随着36个州以某种方式将大麻合法化，以及司法部维持不干涉政策，像Planet 13这样的美国大麻股票可以发展成为成功的企业。</blockquote></p><p> For the vast majority of multi-state operators (MSOs), their strategy consists of targeting big-dollar markets and planting their proverbial flag in as many states as possible. But this isn't how Planet 13 operates. It&nbsp;gets its competitive edge&nbsp;by focusing just as much on the immersive shopping experience as it does on making a sale.</p><p><blockquote>对于绝大多数多州运营商（MSO）来说，他们的战略包括瞄准大美元市场，并在尽可能多的州插上他们众所周知的旗帜。但这不是13号行星的运作方式。它通过像关注销售一样关注沉浸式购物体验来获得竞争优势。</blockquote></p><p> For the moment, Planet 13&nbsp;has just two operating dispensaries. The first is the Las Vegas SuperStore just west of the Strip. It's 112,000 square feet in size and contains a restaurant, events center, and consumer-facing processing center. In July 2021, Planet 13 opened its Orange County SuperStore about 10 minutes from Disneyland in Santa Ana, California. It spans 55,000 square feet and features a whopping 16,500 square feet of selling space.'</p><p><blockquote>目前，13号星球只有两家正在运营的药房。第一个是拉斯维加斯超市，就在拉斯维加斯大道的西边。它的面积为112,000平方英尺，包含一个餐厅、活动中心和面向消费者的处理中心。2021年7月，Planet 13在距离加利福尼亚州圣安娜迪士尼乐园约10分钟路程的奥兰治县超市开业。它占地55,000平方英尺，销售空间高达16,500平方英尺。</blockquote></p><p></p><p> Planet 13's stores are a must-see for cannabis tourists as well as locals. In fact, significantly reduced tourist traffic to Las Vegas during the pandemic forced the company to begin focusing on local residents. With Las Vegas tourism returning to some semblance of normal, Planet 13 now has both tourist appeal and a strong local resident following.</p><p><blockquote>Planet 13的商店是大麻游客和当地人的必去之地。事实上，疫情期间前往拉斯维加斯的游客流量大幅减少，迫使该公司开始关注当地居民。随着拉斯维加斯旅游业恢复正常，13号星球现在既有旅游吸引力，又有强大的当地居民追随者。</blockquote></p><p> The company has also had quite a bit of success launching its own cannabis brands. According to Headset, via third-quarter commentary from Planet 13 CEO Larry Scheffler, Trendi comprises 5% of Nevada's vape sales, with HaHa edibles accounting for 14% of the Silver State's edible sales.</p><p><blockquote>该公司在推出自己的大麻品牌方面也取得了相当大的成功。据Headset报道，通过Planet 13首席执行官Larry Scheffler第三季度的评论，Trendi占内华达州vape销售额的5%，HaHa edibles占银州食品销售额的14%。</blockquote></p><p> With Planet 13 on the cusp of recurring profitability and more than 50% below its February high, the time for opportunistic investors to pounce is now.</p><p><blockquote>随着Planet 13正处于经常性盈利的风口浪尖，比2月份的高点低50%以上，现在是机会主义投资者猛攻的时候了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/106238ec5cefb2975d9231f3547e445c\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Teva Pharmaceutical Industries</b></p><p><blockquote><b>梯瓦制药工业公司</b></blockquote></p><p> As for you&nbsp;value investors, the top stock that can make you richer in December and beyond is brand-name and generic drug developer&nbsp;<b>Teva Pharmaceutical Industries</b>.</p><p><blockquote>对于价值投资者来说，能让您在12月及以后变得更富有的顶级股票是品牌和仿制药开发商<b>梯瓦制药工业公司</b>.</blockquote></p><p> Teva has dealt with a laundry list of bad news events over the five years. The company settled bribery charges with U.S. regulators, grossly overpaid for generic drugmaker Actavis, completely shelved its dividend, and saw its top-selling drug -- multiple sclerosis drug Copaxone -- lose patent exclusivity. But the biggest concern of late is the ongoing litigation Teva is facing over its role in the opioid crisis.</p><p><blockquote>五年来，梯瓦公司处理了一系列坏消息。该公司与美国监管机构和解了贿赂指控，向仿制药制造商阿特维斯支付了过高的费用，完全搁置了股息，并看到其最畅销的药物——多发性硬化症药物Copaxone——失去了专利排他性。但最近最大的担忧是梯瓦因其在阿片类药物危机中所扮演的角色而面临的持续诉讼。</blockquote></p><p> While these are not the types of hurdles that get leaped in a single bound, Teva's CEO Kare Schultz&nbsp;has done an exemplary job&nbsp;of getting the company back on track. Schultz is a bona fide turnaround specialist who's been with the company for a little over four years. In that time, he's reduced Teva's net debt from more than $34 billion to around $22 billion. This has been accomplished by selling off non-core assets, reducing annual operating expenses by billions of dollars, and utilizing the company's bountiful operating cash flow to pay down debt. There no question that Teva is a more financially sound company now than when Schultz was first given the reins.</p><p><blockquote>虽然这些都不是一蹴而就的障碍，但梯瓦首席执行官卡雷·舒尔茨(Kare Schultz)在让公司重回正轨方面做得堪称典范。舒尔茨是一位真正的扭亏为盈专家，他在公司工作了四年多一点。在此期间，他将梯瓦的净债务从超过340亿美元减少到约220亿美元。这是通过出售非核心资产、减少数十亿美元的年度运营费用以及利用公司丰富的运营现金流偿还债务来实现的。毫无疑问，梯瓦现在的财务状况比舒尔茨第一次掌权时更加稳健。</blockquote></p><p> Schultz is expected to play a key role in&nbsp;helping Teva navigate a sea of litigation, too. With the company focused on reducing debt, Schultz will aim to settle litigation with minimal amounts of cash. Instead, look for the company to offer free or reduced-price medication to states over roughly a decade as a way of potentially settling opioid litigation. It also doesn't hurt that a California trial found drugmakers weren't liable for the opioid epidemic. This puts added momentum in Teva's sails.</p><p><blockquote>预计舒尔茨也将在帮助梯瓦应对诉讼海洋方面发挥关键作用。由于公司专注于减少债务，舒尔茨的目标是用最少的现金解决诉讼。相反，期待该公司在大约十年内向各州提供免费或低价药物，作为解决阿片类药物诉讼的潜在方式。加州的一项试验发现制药商对阿片类药物的流行没有责任，这也没有什么坏处。这为梯瓦的航行增添了动力。</blockquote></p><p> Over the long run, Teva should be buoyed by increased usage of generics. Rapidly rising brand-name drug list prices, coupled with growing access to healthcare services, should lift Teva's generic drug pricing power and overall sales volume.</p><p><blockquote>从长远来看，仿制药使用的增加应该会提振梯瓦。快速上涨的品牌药物清单价格，加上获得医疗保健服务的机会不断增加，应该会提升梯瓦的仿制药定价权和整体销量。</blockquote></p><p> At roughly three times (yes,<i>three times</i>!) Wall Street's consensus forward-year earnings per share, you'd struggle to find a more deeply discounted&nbsp;drug stock&nbsp;right now.</p><p><blockquote>大约三次（是的，<i>三次</i>!)根据华尔街普遍预期的每股收益，你现在很难找到更大折扣的药品股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/01/3-top-stocks-thatll-make-you-richer-in-december/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd","TEVA":"梯瓦制药"},"source_url":"https://www.fool.com/investing/2021/12/01/3-top-stocks-thatll-make-you-richer-in-december/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161855788","content_text":"We've officially hit the home stretch for what looks like another great year for the stock market. Since bottoming out in March 2020, the benchmark S&P 500 has been practically unstoppable. In what's become the strongest bounce-back rally from a bear-market bottom on record, the S&P 500 has delivered a total return, including dividends, of 111% since March 23, 2020.\nBut even with the broader market a stone's throw from an all-time high, incredible deals still abound. The following three top stocks all possess attributes that can help make you richer in December, and, most importantly, well beyond.\nImage source: Getty Images.\nSea Limited\nFor you unbridledgrowth investors, the stock that could make you a lot richer this month and well beyond is Singapore-based Sea Limited.\nSea has had a monumental run-up since the bear-market bottom 20 months ago. Shares are up a cool 672% -- and that's after a 20% pullback from its all-time closing high on Oct. 19. With inflation picking up and coronavirus disease 2019 (COVID-19) variant concerns rearing their head, most growth stocks have taken it on the chin. But neither U.S. inflation nor COVID-19 variants are of concern to Sea Limited's three rapidly growing operating segments.\nFor the time being, the only division generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA) is its mobile gaming unit, led byFree Fire. When the curtain closed on September, the company had 729 million quarterly active gamers.\nBut it's not the number of gamers that's impressive. It's that 12.8% of these gamers (93.2 million) were paying to play. The pay-to-play conversion rate for the mobile gaming industry was closer to 2% in 2020.  As long as Sea is generating revenue from users at a considerably higher clip than the industry average, it should command a valuation premium.\nThe second rapidly growing segment is digital financial services. Though this division is still relatively nascent, the number of paying mobile wallet users grew to 39.3 million in the third quarter. Since many of the regions targeted by Sea are underbanked emerging markets, offering digital financial tools that can democratize the payment process could be a long-term game-changer.\nBut the third and most exciting operating segment is its e-commerce division, Shopee. Among downloadable shopping apps, Shopee consistently reigns supreme in Southeastern Asia. Between COVID-19 keeping people in their homes and middle-class consumers fueling buying activity in emerging market economies, Shopee is set up for success. In fact, its annual gross merchandise value (GMV) run-rate of $67.2 billion (based on third-quarter 2021 figures) is more than six times higher than the GMV the company reported in all of 2018.\nSea Limited could very well be one of the fastest-growing mega-cap stocks on the planet this decade.\nImage source: Getty Images.\nPlanet 13 Holdings\nAnother top stock with all the tools necessary to make investors richer in December and for many years in the future is U.S. marijuana stock Planet 13 Holdings.\nEasily the biggest objection to investing in U.S. pot stocks is the fact that Congress still hasn't enacted cannabis legalization efforts. While it would make life easier for marijuana companies if the federal government would enact reforms, the vast majority of publicly traded pot stocks are primed for success if the status quo continues. With 36 states having legalized weed in some capacity, and the Department of Justice maintaining a hands-off policy, U.S. cannabis stocks like Planet 13 can bloom into successful businesses.\nFor the vast majority of multi-state operators (MSOs), their strategy consists of targeting big-dollar markets and planting their proverbial flag in as many states as possible. But this isn't how Planet 13 operates. It gets its competitive edge by focusing just as much on the immersive shopping experience as it does on making a sale.\nFor the moment, Planet 13 has just two operating dispensaries. The first is the Las Vegas SuperStore just west of the Strip. It's 112,000 square feet in size and contains a restaurant, events center, and consumer-facing processing center. In July 2021, Planet 13 opened its Orange County SuperStore about 10 minutes from Disneyland in Santa Ana, California. It spans 55,000 square feet and features a whopping 16,500 square feet of selling space.'\nPlanet 13's stores are a must-see for cannabis tourists as well as locals. In fact, significantly reduced tourist traffic to Las Vegas during the pandemic forced the company to begin focusing on local residents. With Las Vegas tourism returning to some semblance of normal, Planet 13 now has both tourist appeal and a strong local resident following.\nThe company has also had quite a bit of success launching its own cannabis brands. According to Headset, via third-quarter commentary from Planet 13 CEO Larry Scheffler, Trendi comprises 5% of Nevada's vape sales, with HaHa edibles accounting for 14% of the Silver State's edible sales.\nWith Planet 13 on the cusp of recurring profitability and more than 50% below its February high, the time for opportunistic investors to pounce is now.\nImage source: Getty Images.\nTeva Pharmaceutical Industries\nAs for you value investors, the top stock that can make you richer in December and beyond is brand-name and generic drug developer Teva Pharmaceutical Industries.\nTeva has dealt with a laundry list of bad news events over the five years. The company settled bribery charges with U.S. regulators, grossly overpaid for generic drugmaker Actavis, completely shelved its dividend, and saw its top-selling drug -- multiple sclerosis drug Copaxone -- lose patent exclusivity. But the biggest concern of late is the ongoing litigation Teva is facing over its role in the opioid crisis.\nWhile these are not the types of hurdles that get leaped in a single bound, Teva's CEO Kare Schultz has done an exemplary job of getting the company back on track. Schultz is a bona fide turnaround specialist who's been with the company for a little over four years. In that time, he's reduced Teva's net debt from more than $34 billion to around $22 billion. This has been accomplished by selling off non-core assets, reducing annual operating expenses by billions of dollars, and utilizing the company's bountiful operating cash flow to pay down debt. There no question that Teva is a more financially sound company now than when Schultz was first given the reins.\nSchultz is expected to play a key role in helping Teva navigate a sea of litigation, too. With the company focused on reducing debt, Schultz will aim to settle litigation with minimal amounts of cash. Instead, look for the company to offer free or reduced-price medication to states over roughly a decade as a way of potentially settling opioid litigation. It also doesn't hurt that a California trial found drugmakers weren't liable for the opioid epidemic. This puts added momentum in Teva's sails.\nOver the long run, Teva should be buoyed by increased usage of generics. Rapidly rising brand-name drug list prices, coupled with growing access to healthcare services, should lift Teva's generic drug pricing power and overall sales volume.\nAt roughly three times (yes,three times!) Wall Street's consensus forward-year earnings per share, you'd struggle to find a more deeply discounted drug stock right now.","news_type":1,"symbols_score_info":{"SE":0.9,"TEVA":0.9,"PLHWF":0.9}},"isVote":1,"tweetType":1,"viewCount":3379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600995747,"gmtCreate":1638028644986,"gmtModify":1638063470113,"author":{"id":"4100787327165020","authorId":"4100787327165020","name":"Cazwyh","avatar":"https://static.tigerbbs.com/a50709c3a01b4bc64250ae4ff8f5454b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4100787327165020","idStr":"4100787327165020"},"themes":[],"htmlText":"Very interesting!&nbsp;","listText":"Very interesting!&nbsp;","text":"Very interesting!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600995747","repostId":"1197762499","repostType":4,"isVote":1,"tweetType":1,"viewCount":2085,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":603246856,"gmtCreate":1638418435223,"gmtModify":1638418435223,"author":{"id":"4100787327165020","authorId":"4100787327165020","name":"Cazwyh","avatar":"https://static.tigerbbs.com/a50709c3a01b4bc64250ae4ff8f5454b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4100787327165020","idStr":"4100787327165020"},"themes":[],"htmlText":"Completely agree that the important thing iswhat’s our investment objective to start withas greed can bring big gains but also big losses!&nbsp;","listText":"Completely agree that the important thing iswhat’s our investment objective to start withas greed can bring big gains but also big losses!&nbsp;","text":"Completely agree that the important thing iswhat’s our investment objective to start withas greed can bring big gains but also big losses!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/603246856","repostId":"2188049563","repostType":4,"isVote":1,"tweetType":1,"viewCount":2597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603324058,"gmtCreate":1638368897874,"gmtModify":1638368897985,"author":{"id":"4100787327165020","authorId":"4100787327165020","name":"Cazwyh","avatar":"https://static.tigerbbs.com/a50709c3a01b4bc64250ae4ff8f5454b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4100787327165020","idStr":"4100787327165020"},"themes":[],"htmlText":"Cool! [Miser]&nbsp;","listText":"Cool! [Miser]&nbsp;","text":"Cool! [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/603324058","repostId":"1161855788","repostType":4,"repost":{"id":"1161855788","kind":"news","pubTimestamp":1638368211,"share":"https://www.laohu8.com/m/news/1161855788?lang=zh_CN&edition=full","pubTime":"2021-12-01 22:16","market":"us","language":"en","title":"3 Top Stocks That'll Make You Richer in December (and Beyond)<blockquote>3只会让你在12月（及以后）变得更富有的顶级股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161855788","media":"Motley Fool","summary":"Bargains abound for growth and value investors.","content":"<p>We've officially hit the home stretch for what looks like another great year for the stock market. Since bottoming out in March 2020, the benchmark&nbsp;<b>S&amp;P 500</b>&nbsp;has been practically unstoppable. In what's become the strongest bounce-back rally from a bear-market bottom on record, the S&amp;P 500 has delivered a total return, including dividends, of 111% since March 23, 2020.</p><p><blockquote>我们已经正式进入了股市又一个伟大年份的冲刺阶段。自2020年3月触底以来，基准<b>标普500</b>几乎是不可阻挡的。自2020年3月23日以来，该标普500的总回报率（包括股息）为111%，这已成为有记录以来从熊市底部最强劲的反弹。</blockquote></p><p> But even with the broader market a stone's throw from an all-time high, incredible deals still abound. The following three top stocks all possess attributes that can help make you richer in December, and, most importantly, well beyond.</p><p><blockquote>但即使大盘距离历史高点仅一箭之遥，令人难以置信的交易仍然比比皆是。以下三只顶级股票都拥有可以帮助您在12月变得更富有的属性，最重要的是，还可以让您在12月变得更富有。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d06d7202e9c1d1c4d748bc3e1a80774\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Sea Limited</b></p><p><blockquote><b>海有限公司</b></blockquote></p><p> For you unbridledgrowth investors, the stock that could make you a lot richer this month and well beyond is Singapore-based&nbsp;<b>Sea Limited</b>.</p><p><blockquote>对于那些肆无忌惮的成长型投资者来说，新加坡的股票可以让你在本月及以后变得更加富有<b>海有限公司</b>.</blockquote></p><p> Sea has had a monumental run-up since the bear-market bottom 20 months ago. Shares are up a cool 672% -- and that's after a 20% pullback from its all-time closing high on Oct. 19. With inflation picking up and coronavirus disease 2019 (COVID-19) variant concerns rearing their head, most growth stocks have taken it on the chin. But neither U.S. inflation nor COVID-19 variants are of concern to Sea Limited's three rapidly growing operating segments.</p><p><blockquote>自20个月前熊市触底以来，Sea经历了巨大的上涨。股价较10月19日的历史收盘高点回调20%后，上涨了672%。随着通胀加剧和冠状病毒疾病2019（COVID-19）变种的担忧抬头，大多数成长型股票都受到了打击。但Sea Limited的三个快速增长的运营部门都不关心美国通胀和COVID-19变种。</blockquote></p><p> For the time being, the only division generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA) is its mobile gaming unit, led by<i>Free Fire</i>. When the curtain closed on September, the company had 729 million quarterly active gamers.</p><p><blockquote>目前，唯一产生正息税折旧摊销前利润(EBITDA)的部门是其移动游戏部门，由<i>自由射击</i>截至9月9日，该公司的季度活跃游戏玩家数量为7.29亿。</blockquote></p><p> But it's not the number of gamers that's impressive. It's that 12.8% of these gamers (93.2 million) were paying to play. The pay-to-play conversion rate for the mobile gaming industry was closer to 2% in 2020.&nbsp; As long as Sea is generating revenue from users at a considerably higher clip than the industry average, it should command a valuation premium.</p><p><blockquote>但令人印象深刻的并不是游戏玩家的数量。这些游戏玩家中有12.8%（9320万）是付费玩的。2020年，移动游戏行业的付费游戏转化率接近2%。只要Sea从用户那里获得的收入远高于行业平均水平，它就应该获得估值溢价。</blockquote></p><p> The second rapidly growing segment is digital financial services. Though this division is still relatively nascent, the number of paying mobile wallet users grew to 39.3 million in the third quarter. Since many of the regions targeted by Sea are underbanked emerging markets, offering digital financial tools that can democratize the payment process&nbsp;could be a long-term game-changer.</p><p><blockquote>第二个快速增长的领域是数字金融服务。尽管该部门仍相对较新，但第三季度付费移动钱包用户数量增长至3930万。由于Sea的许多目标地区都是银行服务不足的新兴市场，因此提供能够使支付流程民主化的数字金融工具可能会改变长期的游戏规则。</blockquote></p><p> But the third and&nbsp;most exciting operating segment&nbsp;is its e-commerce division, Shopee. Among downloadable shopping apps, Shopee consistently reigns supreme in Southeastern Asia. Between COVID-19 keeping people in their homes and middle-class consumers fueling buying activity in emerging market economies, Shopee is set up for success. In fact, its annual gross merchandise value (GMV) run-rate of $67.2 billion (based on third-quarter 2021 figures) is more than six times higher than the GMV the company reported in all of 2018.</p><p><blockquote>但第三个也是最令人兴奋的运营部门是其电子商务部门Shopee。在可下载的购物应用中，Shopee在东南亚一直占据主导地位。在COVID-19让人们呆在家里和中产阶级消费者推动新兴市场经济体的购买活动之间，Shopee注定会取得成功。事实上，其年度商品总值(GMV)运行率为672亿美元（基于2021年第三季度的数据），是该公司2018年全年报告的GMV的六倍多。</blockquote></p><p> Sea Limited could very well be one of the fastest-growing mega-cap stocks on the planet this decade.</p><p><blockquote>Sea Limited很可能成为这十年全球增长最快的大型股之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d8ba66a74371fb87c9a662943abcdd4\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Planet 13 Holdings</b></p><p><blockquote><b>星球13控股</b></blockquote></p><p> Another top stock with all the tools necessary to make investors richer in December and for many years in the future is U.S.&nbsp;marijuana stock&nbsp;<b>Planet 13 Holdings</b>.</p><p><blockquote>另一只顶级股票是美国大麻股票，它拥有让投资者在12月和未来许多年变得更加富有的所有必要工具<b>星球13控股</b>.</blockquote></p><p> Easily the biggest objection to investing in U.S. pot stocks is the fact that Congress still hasn't enacted cannabis legalization efforts. While it would make life easier for marijuana companies if the federal government would enact reforms, the vast majority of publicly traded pot stocks are primed for success if the status quo continues. With&nbsp;36 states&nbsp;having legalized weed in some capacity, and the Department of Justice maintaining a hands-off policy, U.S. cannabis stocks like Planet 13 can bloom into successful businesses.</p><p><blockquote>投资美国大麻股票的最大反对意见无疑是国会尚未颁布大麻合法化措施。虽然如果联邦政府实施改革，大麻公司的日子会更轻松，但如果现状继续下去，绝大多数公开交易的大麻股票已经做好了成功的准备。随着36个州以某种方式将大麻合法化，以及司法部维持不干涉政策，像Planet 13这样的美国大麻股票可以发展成为成功的企业。</blockquote></p><p> For the vast majority of multi-state operators (MSOs), their strategy consists of targeting big-dollar markets and planting their proverbial flag in as many states as possible. But this isn't how Planet 13 operates. It&nbsp;gets its competitive edge&nbsp;by focusing just as much on the immersive shopping experience as it does on making a sale.</p><p><blockquote>对于绝大多数多州运营商（MSO）来说，他们的战略包括瞄准大美元市场，并在尽可能多的州插上他们众所周知的旗帜。但这不是13号行星的运作方式。它通过像关注销售一样关注沉浸式购物体验来获得竞争优势。</blockquote></p><p> For the moment, Planet 13&nbsp;has just two operating dispensaries. The first is the Las Vegas SuperStore just west of the Strip. It's 112,000 square feet in size and contains a restaurant, events center, and consumer-facing processing center. In July 2021, Planet 13 opened its Orange County SuperStore about 10 minutes from Disneyland in Santa Ana, California. It spans 55,000 square feet and features a whopping 16,500 square feet of selling space.'</p><p><blockquote>目前，13号星球只有两家正在运营的药房。第一个是拉斯维加斯超市，就在拉斯维加斯大道的西边。它的面积为112,000平方英尺，包含一个餐厅、活动中心和面向消费者的处理中心。2021年7月，Planet 13在距离加利福尼亚州圣安娜迪士尼乐园约10分钟路程的奥兰治县超市开业。它占地55,000平方英尺，销售空间高达16,500平方英尺。</blockquote></p><p></p><p> Planet 13's stores are a must-see for cannabis tourists as well as locals. In fact, significantly reduced tourist traffic to Las Vegas during the pandemic forced the company to begin focusing on local residents. With Las Vegas tourism returning to some semblance of normal, Planet 13 now has both tourist appeal and a strong local resident following.</p><p><blockquote>Planet 13的商店是大麻游客和当地人的必去之地。事实上，疫情期间前往拉斯维加斯的游客流量大幅减少，迫使该公司开始关注当地居民。随着拉斯维加斯旅游业恢复正常，13号星球现在既有旅游吸引力，又有强大的当地居民追随者。</blockquote></p><p> The company has also had quite a bit of success launching its own cannabis brands. According to Headset, via third-quarter commentary from Planet 13 CEO Larry Scheffler, Trendi comprises 5% of Nevada's vape sales, with HaHa edibles accounting for 14% of the Silver State's edible sales.</p><p><blockquote>该公司在推出自己的大麻品牌方面也取得了相当大的成功。据Headset报道，通过Planet 13首席执行官Larry Scheffler第三季度的评论，Trendi占内华达州vape销售额的5%，HaHa edibles占银州食品销售额的14%。</blockquote></p><p> With Planet 13 on the cusp of recurring profitability and more than 50% below its February high, the time for opportunistic investors to pounce is now.</p><p><blockquote>随着Planet 13正处于经常性盈利的风口浪尖，比2月份的高点低50%以上，现在是机会主义投资者猛攻的时候了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/106238ec5cefb2975d9231f3547e445c\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Teva Pharmaceutical Industries</b></p><p><blockquote><b>梯瓦制药工业公司</b></blockquote></p><p> As for you&nbsp;value investors, the top stock that can make you richer in December and beyond is brand-name and generic drug developer&nbsp;<b>Teva Pharmaceutical Industries</b>.</p><p><blockquote>对于价值投资者来说，能让您在12月及以后变得更富有的顶级股票是品牌和仿制药开发商<b>梯瓦制药工业公司</b>.</blockquote></p><p> Teva has dealt with a laundry list of bad news events over the five years. The company settled bribery charges with U.S. regulators, grossly overpaid for generic drugmaker Actavis, completely shelved its dividend, and saw its top-selling drug -- multiple sclerosis drug Copaxone -- lose patent exclusivity. But the biggest concern of late is the ongoing litigation Teva is facing over its role in the opioid crisis.</p><p><blockquote>五年来，梯瓦公司处理了一系列坏消息。该公司与美国监管机构和解了贿赂指控，向仿制药制造商阿特维斯支付了过高的费用，完全搁置了股息，并看到其最畅销的药物——多发性硬化症药物Copaxone——失去了专利排他性。但最近最大的担忧是梯瓦因其在阿片类药物危机中所扮演的角色而面临的持续诉讼。</blockquote></p><p> While these are not the types of hurdles that get leaped in a single bound, Teva's CEO Kare Schultz&nbsp;has done an exemplary job&nbsp;of getting the company back on track. Schultz is a bona fide turnaround specialist who's been with the company for a little over four years. In that time, he's reduced Teva's net debt from more than $34 billion to around $22 billion. This has been accomplished by selling off non-core assets, reducing annual operating expenses by billions of dollars, and utilizing the company's bountiful operating cash flow to pay down debt. There no question that Teva is a more financially sound company now than when Schultz was first given the reins.</p><p><blockquote>虽然这些都不是一蹴而就的障碍，但梯瓦首席执行官卡雷·舒尔茨(Kare Schultz)在让公司重回正轨方面做得堪称典范。舒尔茨是一位真正的扭亏为盈专家，他在公司工作了四年多一点。在此期间，他将梯瓦的净债务从超过340亿美元减少到约220亿美元。这是通过出售非核心资产、减少数十亿美元的年度运营费用以及利用公司丰富的运营现金流偿还债务来实现的。毫无疑问，梯瓦现在的财务状况比舒尔茨第一次掌权时更加稳健。</blockquote></p><p> Schultz is expected to play a key role in&nbsp;helping Teva navigate a sea of litigation, too. With the company focused on reducing debt, Schultz will aim to settle litigation with minimal amounts of cash. Instead, look for the company to offer free or reduced-price medication to states over roughly a decade as a way of potentially settling opioid litigation. It also doesn't hurt that a California trial found drugmakers weren't liable for the opioid epidemic. This puts added momentum in Teva's sails.</p><p><blockquote>预计舒尔茨也将在帮助梯瓦应对诉讼海洋方面发挥关键作用。由于公司专注于减少债务，舒尔茨的目标是用最少的现金解决诉讼。相反，期待该公司在大约十年内向各州提供免费或低价药物，作为解决阿片类药物诉讼的潜在方式。加州的一项试验发现制药商对阿片类药物的流行没有责任，这也没有什么坏处。这为梯瓦的航行增添了动力。</blockquote></p><p> Over the long run, Teva should be buoyed by increased usage of generics. Rapidly rising brand-name drug list prices, coupled with growing access to healthcare services, should lift Teva's generic drug pricing power and overall sales volume.</p><p><blockquote>从长远来看，仿制药使用的增加应该会提振梯瓦。快速上涨的品牌药物清单价格，加上获得医疗保健服务的机会不断增加，应该会提升梯瓦的仿制药定价权和整体销量。</blockquote></p><p> At roughly three times (yes,<i>three times</i>!) Wall Street's consensus forward-year earnings per share, you'd struggle to find a more deeply discounted&nbsp;drug stock&nbsp;right now.</p><p><blockquote>大约三次（是的，<i>三次</i>!)根据华尔街普遍预期的每股收益，你现在很难找到更大折扣的药品股票。</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 Top Stocks That'll Make You Richer in December (and Beyond)<blockquote>3只会让你在12月（及以后）变得更富有的顶级股票</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 Top Stocks That'll Make You Richer in December (and Beyond)<blockquote>3只会让你在12月（及以后）变得更富有的顶级股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-01 22:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>We've officially hit the home stretch for what looks like another great year for the stock market. Since bottoming out in March 2020, the benchmark&nbsp;<b>S&amp;P 500</b>&nbsp;has been practically unstoppable. In what's become the strongest bounce-back rally from a bear-market bottom on record, the S&amp;P 500 has delivered a total return, including dividends, of 111% since March 23, 2020.</p><p><blockquote>我们已经正式进入了股市又一个伟大年份的冲刺阶段。自2020年3月触底以来，基准<b>标普500</b>几乎是不可阻挡的。自2020年3月23日以来，该标普500的总回报率（包括股息）为111%，这已成为有记录以来从熊市底部最强劲的反弹。</blockquote></p><p> But even with the broader market a stone's throw from an all-time high, incredible deals still abound. The following three top stocks all possess attributes that can help make you richer in December, and, most importantly, well beyond.</p><p><blockquote>但即使大盘距离历史高点仅一箭之遥，令人难以置信的交易仍然比比皆是。以下三只顶级股票都拥有可以帮助您在12月变得更富有的属性，最重要的是，还可以让您在12月变得更富有。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d06d7202e9c1d1c4d748bc3e1a80774\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Sea Limited</b></p><p><blockquote><b>海有限公司</b></blockquote></p><p> For you unbridledgrowth investors, the stock that could make you a lot richer this month and well beyond is Singapore-based&nbsp;<b>Sea Limited</b>.</p><p><blockquote>对于那些肆无忌惮的成长型投资者来说，新加坡的股票可以让你在本月及以后变得更加富有<b>海有限公司</b>.</blockquote></p><p> Sea has had a monumental run-up since the bear-market bottom 20 months ago. Shares are up a cool 672% -- and that's after a 20% pullback from its all-time closing high on Oct. 19. With inflation picking up and coronavirus disease 2019 (COVID-19) variant concerns rearing their head, most growth stocks have taken it on the chin. But neither U.S. inflation nor COVID-19 variants are of concern to Sea Limited's three rapidly growing operating segments.</p><p><blockquote>自20个月前熊市触底以来，Sea经历了巨大的上涨。股价较10月19日的历史收盘高点回调20%后，上涨了672%。随着通胀加剧和冠状病毒疾病2019（COVID-19）变种的担忧抬头，大多数成长型股票都受到了打击。但Sea Limited的三个快速增长的运营部门都不关心美国通胀和COVID-19变种。</blockquote></p><p> For the time being, the only division generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA) is its mobile gaming unit, led by<i>Free Fire</i>. When the curtain closed on September, the company had 729 million quarterly active gamers.</p><p><blockquote>目前，唯一产生正息税折旧摊销前利润(EBITDA)的部门是其移动游戏部门，由<i>自由射击</i>截至9月9日，该公司的季度活跃游戏玩家数量为7.29亿。</blockquote></p><p> But it's not the number of gamers that's impressive. It's that 12.8% of these gamers (93.2 million) were paying to play. The pay-to-play conversion rate for the mobile gaming industry was closer to 2% in 2020.&nbsp; As long as Sea is generating revenue from users at a considerably higher clip than the industry average, it should command a valuation premium.</p><p><blockquote>但令人印象深刻的并不是游戏玩家的数量。这些游戏玩家中有12.8%（9320万）是付费玩的。2020年，移动游戏行业的付费游戏转化率接近2%。只要Sea从用户那里获得的收入远高于行业平均水平，它就应该获得估值溢价。</blockquote></p><p> The second rapidly growing segment is digital financial services. Though this division is still relatively nascent, the number of paying mobile wallet users grew to 39.3 million in the third quarter. Since many of the regions targeted by Sea are underbanked emerging markets, offering digital financial tools that can democratize the payment process&nbsp;could be a long-term game-changer.</p><p><blockquote>第二个快速增长的领域是数字金融服务。尽管该部门仍相对较新，但第三季度付费移动钱包用户数量增长至3930万。由于Sea的许多目标地区都是银行服务不足的新兴市场，因此提供能够使支付流程民主化的数字金融工具可能会改变长期的游戏规则。</blockquote></p><p> But the third and&nbsp;most exciting operating segment&nbsp;is its e-commerce division, Shopee. Among downloadable shopping apps, Shopee consistently reigns supreme in Southeastern Asia. Between COVID-19 keeping people in their homes and middle-class consumers fueling buying activity in emerging market economies, Shopee is set up for success. In fact, its annual gross merchandise value (GMV) run-rate of $67.2 billion (based on third-quarter 2021 figures) is more than six times higher than the GMV the company reported in all of 2018.</p><p><blockquote>但第三个也是最令人兴奋的运营部门是其电子商务部门Shopee。在可下载的购物应用中，Shopee在东南亚一直占据主导地位。在COVID-19让人们呆在家里和中产阶级消费者推动新兴市场经济体的购买活动之间，Shopee注定会取得成功。事实上，其年度商品总值(GMV)运行率为672亿美元（基于2021年第三季度的数据），是该公司2018年全年报告的GMV的六倍多。</blockquote></p><p> Sea Limited could very well be one of the fastest-growing mega-cap stocks on the planet this decade.</p><p><blockquote>Sea Limited很可能成为这十年全球增长最快的大型股之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d8ba66a74371fb87c9a662943abcdd4\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Planet 13 Holdings</b></p><p><blockquote><b>星球13控股</b></blockquote></p><p> Another top stock with all the tools necessary to make investors richer in December and for many years in the future is U.S.&nbsp;marijuana stock&nbsp;<b>Planet 13 Holdings</b>.</p><p><blockquote>另一只顶级股票是美国大麻股票，它拥有让投资者在12月和未来许多年变得更加富有的所有必要工具<b>星球13控股</b>.</blockquote></p><p> Easily the biggest objection to investing in U.S. pot stocks is the fact that Congress still hasn't enacted cannabis legalization efforts. While it would make life easier for marijuana companies if the federal government would enact reforms, the vast majority of publicly traded pot stocks are primed for success if the status quo continues. With&nbsp;36 states&nbsp;having legalized weed in some capacity, and the Department of Justice maintaining a hands-off policy, U.S. cannabis stocks like Planet 13 can bloom into successful businesses.</p><p><blockquote>投资美国大麻股票的最大反对意见无疑是国会尚未颁布大麻合法化措施。虽然如果联邦政府实施改革，大麻公司的日子会更轻松，但如果现状继续下去，绝大多数公开交易的大麻股票已经做好了成功的准备。随着36个州以某种方式将大麻合法化，以及司法部维持不干涉政策，像Planet 13这样的美国大麻股票可以发展成为成功的企业。</blockquote></p><p> For the vast majority of multi-state operators (MSOs), their strategy consists of targeting big-dollar markets and planting their proverbial flag in as many states as possible. But this isn't how Planet 13 operates. It&nbsp;gets its competitive edge&nbsp;by focusing just as much on the immersive shopping experience as it does on making a sale.</p><p><blockquote>对于绝大多数多州运营商（MSO）来说，他们的战略包括瞄准大美元市场，并在尽可能多的州插上他们众所周知的旗帜。但这不是13号行星的运作方式。它通过像关注销售一样关注沉浸式购物体验来获得竞争优势。</blockquote></p><p> For the moment, Planet 13&nbsp;has just two operating dispensaries. The first is the Las Vegas SuperStore just west of the Strip. It's 112,000 square feet in size and contains a restaurant, events center, and consumer-facing processing center. In July 2021, Planet 13 opened its Orange County SuperStore about 10 minutes from Disneyland in Santa Ana, California. It spans 55,000 square feet and features a whopping 16,500 square feet of selling space.'</p><p><blockquote>目前，13号星球只有两家正在运营的药房。第一个是拉斯维加斯超市，就在拉斯维加斯大道的西边。它的面积为112,000平方英尺，包含一个餐厅、活动中心和面向消费者的处理中心。2021年7月，Planet 13在距离加利福尼亚州圣安娜迪士尼乐园约10分钟路程的奥兰治县超市开业。它占地55,000平方英尺，销售空间高达16,500平方英尺。</blockquote></p><p></p><p> Planet 13's stores are a must-see for cannabis tourists as well as locals. In fact, significantly reduced tourist traffic to Las Vegas during the pandemic forced the company to begin focusing on local residents. With Las Vegas tourism returning to some semblance of normal, Planet 13 now has both tourist appeal and a strong local resident following.</p><p><blockquote>Planet 13的商店是大麻游客和当地人的必去之地。事实上，疫情期间前往拉斯维加斯的游客流量大幅减少，迫使该公司开始关注当地居民。随着拉斯维加斯旅游业恢复正常，13号星球现在既有旅游吸引力，又有强大的当地居民追随者。</blockquote></p><p> The company has also had quite a bit of success launching its own cannabis brands. According to Headset, via third-quarter commentary from Planet 13 CEO Larry Scheffler, Trendi comprises 5% of Nevada's vape sales, with HaHa edibles accounting for 14% of the Silver State's edible sales.</p><p><blockquote>该公司在推出自己的大麻品牌方面也取得了相当大的成功。据Headset报道，通过Planet 13首席执行官Larry Scheffler第三季度的评论，Trendi占内华达州vape销售额的5%，HaHa edibles占银州食品销售额的14%。</blockquote></p><p> With Planet 13 on the cusp of recurring profitability and more than 50% below its February high, the time for opportunistic investors to pounce is now.</p><p><blockquote>随着Planet 13正处于经常性盈利的风口浪尖，比2月份的高点低50%以上，现在是机会主义投资者猛攻的时候了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/106238ec5cefb2975d9231f3547e445c\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Teva Pharmaceutical Industries</b></p><p><blockquote><b>梯瓦制药工业公司</b></blockquote></p><p> As for you&nbsp;value investors, the top stock that can make you richer in December and beyond is brand-name and generic drug developer&nbsp;<b>Teva Pharmaceutical Industries</b>.</p><p><blockquote>对于价值投资者来说，能让您在12月及以后变得更富有的顶级股票是品牌和仿制药开发商<b>梯瓦制药工业公司</b>.</blockquote></p><p> Teva has dealt with a laundry list of bad news events over the five years. The company settled bribery charges with U.S. regulators, grossly overpaid for generic drugmaker Actavis, completely shelved its dividend, and saw its top-selling drug -- multiple sclerosis drug Copaxone -- lose patent exclusivity. But the biggest concern of late is the ongoing litigation Teva is facing over its role in the opioid crisis.</p><p><blockquote>五年来，梯瓦公司处理了一系列坏消息。该公司与美国监管机构和解了贿赂指控，向仿制药制造商阿特维斯支付了过高的费用，完全搁置了股息，并看到其最畅销的药物——多发性硬化症药物Copaxone——失去了专利排他性。但最近最大的担忧是梯瓦因其在阿片类药物危机中所扮演的角色而面临的持续诉讼。</blockquote></p><p> While these are not the types of hurdles that get leaped in a single bound, Teva's CEO Kare Schultz&nbsp;has done an exemplary job&nbsp;of getting the company back on track. Schultz is a bona fide turnaround specialist who's been with the company for a little over four years. In that time, he's reduced Teva's net debt from more than $34 billion to around $22 billion. This has been accomplished by selling off non-core assets, reducing annual operating expenses by billions of dollars, and utilizing the company's bountiful operating cash flow to pay down debt. There no question that Teva is a more financially sound company now than when Schultz was first given the reins.</p><p><blockquote>虽然这些都不是一蹴而就的障碍，但梯瓦首席执行官卡雷·舒尔茨(Kare Schultz)在让公司重回正轨方面做得堪称典范。舒尔茨是一位真正的扭亏为盈专家，他在公司工作了四年多一点。在此期间，他将梯瓦的净债务从超过340亿美元减少到约220亿美元。这是通过出售非核心资产、减少数十亿美元的年度运营费用以及利用公司丰富的运营现金流偿还债务来实现的。毫无疑问，梯瓦现在的财务状况比舒尔茨第一次掌权时更加稳健。</blockquote></p><p> Schultz is expected to play a key role in&nbsp;helping Teva navigate a sea of litigation, too. With the company focused on reducing debt, Schultz will aim to settle litigation with minimal amounts of cash. Instead, look for the company to offer free or reduced-price medication to states over roughly a decade as a way of potentially settling opioid litigation. It also doesn't hurt that a California trial found drugmakers weren't liable for the opioid epidemic. This puts added momentum in Teva's sails.</p><p><blockquote>预计舒尔茨也将在帮助梯瓦应对诉讼海洋方面发挥关键作用。由于公司专注于减少债务，舒尔茨的目标是用最少的现金解决诉讼。相反，期待该公司在大约十年内向各州提供免费或低价药物，作为解决阿片类药物诉讼的潜在方式。加州的一项试验发现制药商对阿片类药物的流行没有责任，这也没有什么坏处。这为梯瓦的航行增添了动力。</blockquote></p><p> Over the long run, Teva should be buoyed by increased usage of generics. Rapidly rising brand-name drug list prices, coupled with growing access to healthcare services, should lift Teva's generic drug pricing power and overall sales volume.</p><p><blockquote>从长远来看，仿制药使用的增加应该会提振梯瓦。快速上涨的品牌药物清单价格，加上获得医疗保健服务的机会不断增加，应该会提升梯瓦的仿制药定价权和整体销量。</blockquote></p><p> At roughly three times (yes,<i>three times</i>!) Wall Street's consensus forward-year earnings per share, you'd struggle to find a more deeply discounted&nbsp;drug stock&nbsp;right now.</p><p><blockquote>大约三次（是的，<i>三次</i>!)根据华尔街普遍预期的每股收益，你现在很难找到更大折扣的药品股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/01/3-top-stocks-thatll-make-you-richer-in-december/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd","TEVA":"梯瓦制药"},"source_url":"https://www.fool.com/investing/2021/12/01/3-top-stocks-thatll-make-you-richer-in-december/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161855788","content_text":"We've officially hit the home stretch for what looks like another great year for the stock market. Since bottoming out in March 2020, the benchmark S&P 500 has been practically unstoppable. In what's become the strongest bounce-back rally from a bear-market bottom on record, the S&P 500 has delivered a total return, including dividends, of 111% since March 23, 2020.\nBut even with the broader market a stone's throw from an all-time high, incredible deals still abound. The following three top stocks all possess attributes that can help make you richer in December, and, most importantly, well beyond.\nImage source: Getty Images.\nSea Limited\nFor you unbridledgrowth investors, the stock that could make you a lot richer this month and well beyond is Singapore-based Sea Limited.\nSea has had a monumental run-up since the bear-market bottom 20 months ago. Shares are up a cool 672% -- and that's after a 20% pullback from its all-time closing high on Oct. 19. With inflation picking up and coronavirus disease 2019 (COVID-19) variant concerns rearing their head, most growth stocks have taken it on the chin. But neither U.S. inflation nor COVID-19 variants are of concern to Sea Limited's three rapidly growing operating segments.\nFor the time being, the only division generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA) is its mobile gaming unit, led byFree Fire. When the curtain closed on September, the company had 729 million quarterly active gamers.\nBut it's not the number of gamers that's impressive. It's that 12.8% of these gamers (93.2 million) were paying to play. The pay-to-play conversion rate for the mobile gaming industry was closer to 2% in 2020.  As long as Sea is generating revenue from users at a considerably higher clip than the industry average, it should command a valuation premium.\nThe second rapidly growing segment is digital financial services. Though this division is still relatively nascent, the number of paying mobile wallet users grew to 39.3 million in the third quarter. Since many of the regions targeted by Sea are underbanked emerging markets, offering digital financial tools that can democratize the payment process could be a long-term game-changer.\nBut the third and most exciting operating segment is its e-commerce division, Shopee. Among downloadable shopping apps, Shopee consistently reigns supreme in Southeastern Asia. Between COVID-19 keeping people in their homes and middle-class consumers fueling buying activity in emerging market economies, Shopee is set up for success. In fact, its annual gross merchandise value (GMV) run-rate of $67.2 billion (based on third-quarter 2021 figures) is more than six times higher than the GMV the company reported in all of 2018.\nSea Limited could very well be one of the fastest-growing mega-cap stocks on the planet this decade.\nImage source: Getty Images.\nPlanet 13 Holdings\nAnother top stock with all the tools necessary to make investors richer in December and for many years in the future is U.S. marijuana stock Planet 13 Holdings.\nEasily the biggest objection to investing in U.S. pot stocks is the fact that Congress still hasn't enacted cannabis legalization efforts. While it would make life easier for marijuana companies if the federal government would enact reforms, the vast majority of publicly traded pot stocks are primed for success if the status quo continues. With 36 states having legalized weed in some capacity, and the Department of Justice maintaining a hands-off policy, U.S. cannabis stocks like Planet 13 can bloom into successful businesses.\nFor the vast majority of multi-state operators (MSOs), their strategy consists of targeting big-dollar markets and planting their proverbial flag in as many states as possible. But this isn't how Planet 13 operates. It gets its competitive edge by focusing just as much on the immersive shopping experience as it does on making a sale.\nFor the moment, Planet 13 has just two operating dispensaries. The first is the Las Vegas SuperStore just west of the Strip. It's 112,000 square feet in size and contains a restaurant, events center, and consumer-facing processing center. In July 2021, Planet 13 opened its Orange County SuperStore about 10 minutes from Disneyland in Santa Ana, California. It spans 55,000 square feet and features a whopping 16,500 square feet of selling space.'\nPlanet 13's stores are a must-see for cannabis tourists as well as locals. In fact, significantly reduced tourist traffic to Las Vegas during the pandemic forced the company to begin focusing on local residents. With Las Vegas tourism returning to some semblance of normal, Planet 13 now has both tourist appeal and a strong local resident following.\nThe company has also had quite a bit of success launching its own cannabis brands. According to Headset, via third-quarter commentary from Planet 13 CEO Larry Scheffler, Trendi comprises 5% of Nevada's vape sales, with HaHa edibles accounting for 14% of the Silver State's edible sales.\nWith Planet 13 on the cusp of recurring profitability and more than 50% below its February high, the time for opportunistic investors to pounce is now.\nImage source: Getty Images.\nTeva Pharmaceutical Industries\nAs for you value investors, the top stock that can make you richer in December and beyond is brand-name and generic drug developer Teva Pharmaceutical Industries.\nTeva has dealt with a laundry list of bad news events over the five years. The company settled bribery charges with U.S. regulators, grossly overpaid for generic drugmaker Actavis, completely shelved its dividend, and saw its top-selling drug -- multiple sclerosis drug Copaxone -- lose patent exclusivity. But the biggest concern of late is the ongoing litigation Teva is facing over its role in the opioid crisis.\nWhile these are not the types of hurdles that get leaped in a single bound, Teva's CEO Kare Schultz has done an exemplary job of getting the company back on track. Schultz is a bona fide turnaround specialist who's been with the company for a little over four years. In that time, he's reduced Teva's net debt from more than $34 billion to around $22 billion. This has been accomplished by selling off non-core assets, reducing annual operating expenses by billions of dollars, and utilizing the company's bountiful operating cash flow to pay down debt. There no question that Teva is a more financially sound company now than when Schultz was first given the reins.\nSchultz is expected to play a key role in helping Teva navigate a sea of litigation, too. With the company focused on reducing debt, Schultz will aim to settle litigation with minimal amounts of cash. Instead, look for the company to offer free or reduced-price medication to states over roughly a decade as a way of potentially settling opioid litigation. It also doesn't hurt that a California trial found drugmakers weren't liable for the opioid epidemic. This puts added momentum in Teva's sails.\nOver the long run, Teva should be buoyed by increased usage of generics. Rapidly rising brand-name drug list prices, coupled with growing access to healthcare services, should lift Teva's generic drug pricing power and overall sales volume.\nAt roughly three times (yes,three times!) Wall Street's consensus forward-year earnings per share, you'd struggle to find a more deeply discounted drug stock right now.","news_type":1,"symbols_score_info":{"SE":0.9,"TEVA":0.9,"PLHWF":0.9}},"isVote":1,"tweetType":1,"viewCount":3379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606543316,"gmtCreate":1638907585319,"gmtModify":1638907585319,"author":{"id":"4100787327165020","authorId":"4100787327165020","name":"Cazwyh","avatar":"https://static.tigerbbs.com/a50709c3a01b4bc64250ae4ff8f5454b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4100787327165020","idStr":"4100787327165020"},"themes":[],"htmlText":"Go Apple!&nbsp;","listText":"Go Apple!&nbsp;","text":"Go Apple!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606543316","repostId":"1159685639","repostType":4,"repost":{"id":"1159685639","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":1638888367,"share":"https://www.laohu8.com/m/news/1159685639?lang=zh_CN&edition=full","pubTime":"2021-12-07 22:46","market":"us","language":"en","title":"Apple shares rose more than 3% to a new high<blockquote>苹果股价上涨超过3%，创下新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685639","media":"Tiger Newspress","summary":"Apple shares rose more than 3% to a new high after the company got another street-high target on vir","content":"<p>Apple shares rose more than 3% to a new high&nbsp;after&nbsp;the&nbsp;company&nbsp;got another street-high target on virtual reality boost.</p><p><blockquote>苹果股价上涨超过3%，创下新高，此前该公司因虚拟现实提振而再次获得华尔街高点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/eb9792aa89d24847aee38f67d56067eb\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Apple Inc.&nbsp;got its second Street-high price target as Morgan Stanley sees it benefiting from new product categories in virtual reality and autonomous vehicles.</p><p><blockquote>苹果公司获得了第二个华尔街最高价目标，因为摩根士丹利认为该公司受益于虚拟现实和自动驾驶汽车的新产品类别。</blockquote></p><p> Analyst Katy Huberty, who rates Apple overweight, raised her price target to $200 from $164, matching Wedbush as the highest among targets tracked by Bloomberg. </p><p><blockquote>对苹果·跑赢大盘进行评级的分析师凯蒂·休伯蒂(Katy Huberty)将目标价从164美元上调至200美元，与彭博社追踪的目标中韦德布什(Wedbush)持平。</blockquote></p><p> While investors have struggled to value the iPhone maker’s new products given the company’s secrecy, Huberty expects augmented and virtual reality, as well as autonomous vehicles, to eventually be priced in, and says Apple should also benefit from a “flight to quality” in technology stocks.</p><p><blockquote>尽管鉴于这家iPhone制造商的保密性，投资者一直难以评估该公司新产品的价值，但休伯蒂预计增强现实和虚拟现实以及自动驾驶汽车最终将被定价，并表示苹果也应该从科技股的“向高质量发展”中受益。</blockquote></p><p> “Despite a consistent and material revenue contribution from new products and services over time, Apple shares don’t seem to bake in the impact from upcoming new product launches,” Huberty wrote in a note. “We believe this will change as Apple approaches the launch of an AR/VR product over the next year.”</p><p><blockquote>休伯蒂在一份报告中写道：“尽管随着时间的推移，新产品和服务带来了持续且实质性的收入贡献，但苹果股价似乎并未受到即将推出的新产品的影响。”“我们相信，随着苹果在明年推出AR/VR产品，这种情况将会改变。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d1d69bd985c3b74963515674f2da918\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Apple’s shares have surged 25% this year and ended Monday’s session at a fresh record. Investors consider the tech giant a safe bet in an increasingly volatile market, as the highest-valued names in the sector get hit by hawkish signals from the Federal Reserve.</p><p><blockquote>苹果股价今年已飙升25%，周一收盘创下新纪录。投资者认为，在日益动荡的市场中，这家科技巨头是一个安全的赌注，因为该行业估值最高的公司受到了美联储鹰派信号的打击。</blockquote></p><p> Huberty also increased her estimates for Apple’s December quarter, citing improving iPhone supply as manufacturing disruptions ease.</p><p><blockquote>Huberty还上调了对苹果12月份季度的预期，理由是随着制造中断的缓解，iPhone供应有所改善。</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>Apple shares rose more than 3% to a new high<blockquote>苹果股价上涨超过3%，创下新高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple shares rose more than 3% to a new high<blockquote>苹果股价上涨超过3%，创下新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-07 22:46</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple shares rose more than 3% to a new high&nbsp;after&nbsp;the&nbsp;company&nbsp;got another street-high target on virtual reality boost.</p><p><blockquote>苹果股价上涨超过3%，创下新高，此前该公司因虚拟现实提振而再次获得华尔街高点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/eb9792aa89d24847aee38f67d56067eb\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Apple Inc.&nbsp;got its second Street-high price target as Morgan Stanley sees it benefiting from new product categories in virtual reality and autonomous vehicles.</p><p><blockquote>苹果公司获得了第二个华尔街最高价目标，因为摩根士丹利认为该公司受益于虚拟现实和自动驾驶汽车的新产品类别。</blockquote></p><p> Analyst Katy Huberty, who rates Apple overweight, raised her price target to $200 from $164, matching Wedbush as the highest among targets tracked by Bloomberg. </p><p><blockquote>对苹果·跑赢大盘进行评级的分析师凯蒂·休伯蒂(Katy Huberty)将目标价从164美元上调至200美元，与彭博社追踪的目标中韦德布什(Wedbush)持平。</blockquote></p><p> While investors have struggled to value the iPhone maker’s new products given the company’s secrecy, Huberty expects augmented and virtual reality, as well as autonomous vehicles, to eventually be priced in, and says Apple should also benefit from a “flight to quality” in technology stocks.</p><p><blockquote>尽管鉴于这家iPhone制造商的保密性，投资者一直难以评估该公司新产品的价值，但休伯蒂预计增强现实和虚拟现实以及自动驾驶汽车最终将被定价，并表示苹果也应该从科技股的“向高质量发展”中受益。</blockquote></p><p> “Despite a consistent and material revenue contribution from new products and services over time, Apple shares don’t seem to bake in the impact from upcoming new product launches,” Huberty wrote in a note. “We believe this will change as Apple approaches the launch of an AR/VR product over the next year.”</p><p><blockquote>休伯蒂在一份报告中写道：“尽管随着时间的推移，新产品和服务带来了持续且实质性的收入贡献，但苹果股价似乎并未受到即将推出的新产品的影响。”“我们相信，随着苹果在明年推出AR/VR产品，这种情况将会改变。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d1d69bd985c3b74963515674f2da918\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Apple’s shares have surged 25% this year and ended Monday’s session at a fresh record. Investors consider the tech giant a safe bet in an increasingly volatile market, as the highest-valued names in the sector get hit by hawkish signals from the Federal Reserve.</p><p><blockquote>苹果股价今年已飙升25%，周一收盘创下新纪录。投资者认为，在日益动荡的市场中，这家科技巨头是一个安全的赌注，因为该行业估值最高的公司受到了美联储鹰派信号的打击。</blockquote></p><p> Huberty also increased her estimates for Apple’s December quarter, citing improving iPhone supply as manufacturing disruptions ease.</p><p><blockquote>Huberty还上调了对苹果12月份季度的预期，理由是随着制造中断的缓解，iPhone供应有所改善。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685639","content_text":"Apple shares rose more than 3% to a new high after the company got another street-high target on virtual reality boost.\n\nApple Inc. got its second Street-high price target as Morgan Stanley sees it benefiting from new product categories in virtual reality and autonomous vehicles.\nAnalyst Katy Huberty, who rates Apple overweight, raised her price target to $200 from $164, matching Wedbush as the highest among targets tracked by Bloomberg. \nWhile investors have struggled to value the iPhone maker’s new products given the company’s secrecy, Huberty expects augmented and virtual reality, as well as autonomous vehicles, to eventually be priced in, and says Apple should also benefit from a “flight to quality” in technology stocks.\n“Despite a consistent and material revenue contribution from new products and services over time, Apple shares don’t seem to bake in the impact from upcoming new product launches,” Huberty wrote in a note. “We believe this will change as Apple approaches the launch of an AR/VR product over the next year.”\n\nApple’s shares have surged 25% this year and ended Monday’s session at a fresh record. Investors consider the tech giant a safe bet in an increasingly volatile market, as the highest-valued names in the sector get hit by hawkish signals from the Federal Reserve.\nHuberty also increased her estimates for Apple’s December quarter, citing improving iPhone supply as manufacturing disruptions ease.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603259581,"gmtCreate":1638416371273,"gmtModify":1638416371341,"author":{"id":"4100787327165020","authorId":"4100787327165020","name":"Cazwyh","avatar":"https://static.tigerbbs.com/a50709c3a01b4bc64250ae4ff8f5454b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4100787327165020","idStr":"4100787327165020"},"themes":[],"htmlText":"Let’s see how the market moves.&nbsp;","listText":"Let’s see how the market moves.&nbsp;","text":"Let’s see how the market moves.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/603259581","repostId":"1102558803","repostType":2,"isVote":1,"tweetType":1,"viewCount":2262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606543432,"gmtCreate":1638908091915,"gmtModify":1638908091915,"author":{"id":"4100787327165020","authorId":"4100787327165020","name":"Cazwyh","avatar":"https://static.tigerbbs.com/a50709c3a01b4bc64250ae4ff8f5454b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4100787327165020","idStr":"4100787327165020"},"themes":[],"htmlText":"Agree!&nbsp;","listText":"Agree!&nbsp;","text":"Agree!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606543432","repostId":"1162682713","repostType":4,"isVote":1,"tweetType":1,"viewCount":3074,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600995747,"gmtCreate":1638028644986,"gmtModify":1638063470113,"author":{"id":"4100787327165020","authorId":"4100787327165020","name":"Cazwyh","avatar":"https://static.tigerbbs.com/a50709c3a01b4bc64250ae4ff8f5454b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4100787327165020","idStr":"4100787327165020"},"themes":[],"htmlText":"Very interesting!&nbsp;","listText":"Very interesting!&nbsp;","text":"Very interesting!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600995747","repostId":"1197762499","repostType":4,"isVote":1,"tweetType":1,"viewCount":2085,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691992868,"gmtCreate":1640110149374,"gmtModify":1640110156911,"author":{"id":"4100787327165020","authorId":"4100787327165020","name":"Cazwyh","avatar":"https://static.tigerbbs.com/a50709c3a01b4bc64250ae4ff8f5454b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4100787327165020","idStr":"4100787327165020"},"themes":[],"htmlText":"Can’t agree more! Key is investing in companies with strong fundamentals to ride any storms ahead.&nbsp;","listText":"Can’t agree more! Key is investing in companies with strong fundamentals to ride any storms ahead.&nbsp;","text":"Can’t agree more! Key is investing in companies with strong fundamentals to ride any storms ahead.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691992868","repostId":"2192181330","repostType":2,"isVote":1,"tweetType":1,"viewCount":3078,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}