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2021-11-26

$DiDi Global Inc.(DIDI)$"If the privatisation proceeds, the proposal will likely be at least the US$14 IPO price" does this mean if my average price is 8, i will get back at 14?

2021-11-24

$XPeng Inc.(XPEV)$[爱你] [比心] [举爪]

2021-11-17

Nice!

Baidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲，百度季度收入超出预期</blockquote>

2021-11-16

$Futu Holdings Limited(FUTU)$❤️

2021-11-13

$Unity Software Inc.(U)$😁😁

2021-11-08

$Unity Software Inc.(U)$😊😊

2021-11-08

$Tesla Motors(TSLA)$ i thought pre market is at 4pm, what happened today.

2021-10-29

it's fun!

@小虎活动:[Halloween Game] Trade or Treat!

2021-10-28

$Futu Holdings Limited(FUTU)$ anyone knows what news came out today??

2021-10-28

To the moooooon

Nio Stock Dropped Wednesday: Is This an Opportunity?<blockquote>蔚来股价周三下跌：这是一个机会吗？</blockquote>

2021-10-26

To the moooooooon

Amazon Q3 Earnings Preview: Here's What Investors Should Know<blockquote>亚马逊第三季度收益预览：以下是投资者应该了解的内容</blockquote>

2021-10-15

To the moooooooon

Amazon stock rose 1.5% in morning trading<blockquote>亚马逊股价早盘上涨1.5%</blockquote>

2021-10-08

I was hoping for a stock split 😢

Tesla Annual Shareholders Meeting Takeaways: Headquarters To Texas, No Stock Split, Cybertruck And More<blockquote>特斯拉年度股东大会要点：总部迁至德克萨斯、不拆股、Cybertruck等</blockquote>

2021-08-12

Go Nio Go!!!!!!

Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises<blockquote>蔚来股票：随着收入增长，电动汽车制造商第二季度亏损收窄</blockquote>

2021-08-05

Go tesla go

抱歉，原内容已删除

2021-07-26

To the mooooooooooon

Tesla Reports Earnings Today. Here's What Matters Most.<blockquote>特斯拉今天公布财报。这是最重要的。</blockquote>

2021-07-26

To the mooooooooon

Here are 8 things investors will be looking for in Tesla's earnings report<blockquote>以下是投资者将在特斯拉收益报告中寻找的8件事</blockquote>

2021-07-23

Please fall to 30. Pleaseeeeeeee. I mistakenly sold too much. Planning to hold long de...

抱歉，原内容已删除

2021-07-21

Like please thank you

抱歉，原内容已删除

2021-07-11

Kindly like please

The bull market in stocks may last up to five years — here are six reasons why<blockquote>股市牛市可能持续长达五年——以下是六个原因</blockquote>

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[举爪]","images":[{"img":"https://static.tigerbbs.com/accc8ea8d60b70b83a32bf8354e7498e","width":"1152","height":"2048"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874626163","isVote":1,"tweetType":1,"viewCount":2030,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":878981344,"gmtCreate":1637138154970,"gmtModify":1637138155839,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"Nice!&nbsp;","listText":"Nice!&nbsp;","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/878981344","repostId":"1154755901","repostType":2,"repost":{"id":"1154755901","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":1637138067,"share":"https://www.laohu8.com/m/news/1154755901?lang=zh_CN&edition=full","pubTime":"2021-11-17 16:34","market":"hk","language":"en","title":"Baidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲，百度季度收入超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154755901","media":"Tiger Newspress","summary":"China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by str","content":"<p>China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>百度周三公布的季度营收高于华尔街预期，这得益于广告销售强劲以及对其人工智能和云产品的需求。百度表示，第三季度总收入为319.2亿元人民币（合49.5亿美元），略高于分析师根据Refinitiv的IBES数据，平均预估为317.1亿元人民币。</blockquote></p><p> Baidu stock climbed 1.6% in premarket trading.</p><p><blockquote>百度股价在盘前交易中上涨1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ff45646bb43efda219e4c6b143b1daf8\" tg-width=\"848\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/84e4b6e7ab7b7d2ec65ad8ba25ce18cf\" tg-width=\"759\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Total revenues</b>&nbsp;were&nbsp;RMB 31.9 billion($4.95 billion), increasing 13% year over year.</p><p><blockquote><b>总收入</b>为319亿元人民币（49.5亿美元），同比增长13%。</blockquote></p><p> <ul>  <li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 24.7 billion($3.83 billion), increasing 15% year over year;<b>online marketing revenue</b>&nbsp;was&nbsp;RMB 19.5 billion($3.02 billion), up 6% year over year, and<b>non-online marketing revenue</b>wasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.</li>  <li><b>Revenue from iQIYI</b>wasRMB 7.6 billion($1.18 billion), increasing 6% year over year.</li> </ul> <b>Cost of revenues</b>&nbsp;was&nbsp;RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.</p><p><blockquote><ul><li><b>百度核心收入</b>为人民币247亿元（38.3亿美元），同比增长15%；<b>网络营销收入</b>为195亿元人民币（30.2亿美元），同比增长6%，<b>非线上营销收入</b>在云和其他人工智能业务的推动下，销售额为52亿元人民币（8.06亿美元），同比增长76%。</li><li><b>爱奇艺收入</b>为76亿元人民币（11.8亿美元），同比增长6%。</li></ul><b>收入成本</b>为161亿元人民币（25亿美元），同比增长26%，主要是由于与新人工智能业务相关的流量获取成本、内容成本和销售商品成本增加。</blockquote></p><p> <b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.</p><p><blockquote><b>销售、一般及行政开支</b>为73亿元人民币（11.4亿美元），同比增长56%，主要是由于渠道支出、促销营销、人员相关费用以及与涉及前广告公司的法律诉讼相关的或有损失增加。</blockquote></p><p> <b>Research and development expense</b>&nbsp;was&nbsp;RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.</p><p><blockquote><b>研发费用</b>为62亿元人民币（9.57亿美元），同比增长35%，主要与人员相关费用有关。</blockquote></p><p> <b>Operating income</b>&nbsp;was&nbsp;RMB 2.3 billion($358 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.7 billion($731 million).<b>Baidu Core non-GAAP operating income</b>&nbsp;was&nbsp;RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.</p><p><blockquote><b>营业收入</b>为23亿元人民币（3.58亿美元）。<b>百度核心营业收入</b>为37亿元人民币（5.77亿美元），百度核心营业利润率为15%。<b>非公认会计准则营业收入</b>为47亿元人民币（7.31亿美元）。<b>百度核心非公认会计准则营业收入</b>为人民币58亿元（9.04亿美元），百度核心非公认会计准则营业利润率为24%。</blockquote></p><p> <b>Total other loss, net</b>&nbsp;was&nbsp;RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.</p><p><blockquote><b>其他亏损总额，净额</b>为215亿元人民币（33.4亿美元），其中包括189亿元人民币非现金、按市值计价的长期投资损失。该季度公允价值调整可能导致未来净利润进一步波动。</blockquote></p><p> <b>Income tax benefit</b>&nbsp;was&nbsp;RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.</p><p><blockquote><b>所得税优惠</b>为18亿元人民币（2.86亿美元），而20年第三季度的所得税费用为16亿元人民币，主要是由于长期投资公允价值损失确认的递延税项收益增加以及之前考虑的某些费用的扣除。不可扣除。</blockquote></p><p> Net loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).<b>Net loss attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 15.6 billion($2.43 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 5.9 billion($909 million).</p><p><blockquote>归属于百度的净亏损为166亿元人民币（25.7亿美元），每股美国存托凭证摊薄亏损为48.18元人民币（7.48美元）。<b>百度核心应佔净亏损</b>为156亿元人民币（24.3亿美元）。<b>归属于百度的非公认会计准则净利润</b>为51亿元人民币（7.9亿美元），非GAAP摊薄每股美国存托凭证收益为14.66元人民币（2.28美元）。<b>归属于百度核心的非公认会计准则净利润</b>为59亿元人民币（9.09亿美元）。</blockquote></p><p> <b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 6.0 billion($925 million).<b>Adjusted EBITDA for Baidu Core</b>&nbsp;was&nbsp;RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.</p><p><blockquote><b>调整后EBITDA</b>为60亿元人民币（9.25亿美元）。<b>百度核心调整后EBITDA</b>为70亿元人民币（10.9亿美元），百度核心调整后EBITDA利润率为28%。</blockquote></p><p> As ofSeptember 30, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 194.6 billion($30.20 billion), and<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 183.6 billion($28.49 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 691 million($108 million), and&nbsp;<b>free cash flow excluding iQIYI</b>wasRMB 2.9 billion($449 million).</p><p><blockquote>截至2021年9月30日，<b>现金、现金等价物、受限制现金和短期投资</b>为人民币1,946亿元（302亿美元），以及<b>现金、现金等价物、限制性现金和短期投资（不包括爱奇艺）</b>为人民币1,836亿元（284.9亿美元）。<b>自由现金流</b>为6.91亿元人民币（1.08亿美元），以及<b>不包括爱奇艺的自由现金流</b>为29亿元人民币（4.49亿美元）。</blockquote></p><p> <b>Other Highlights</b></p><p><blockquote><b>其他亮点</b></blockquote></p><p> <i>Corporate</i></p><p><blockquote><i>公司的</i></blockquote></p><p> <ul>  <li>Q3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.</li>  <li>ESG:</li>  <li>- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.</li>  <li>- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.</li>  <li>- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy &amp; protection and data security, to further improve its policies and oversight around data management.</li> </ul> <i>AI Cloud</i></p><p><blockquote><ul><li>21年第三季度净亏损包括季度公允价值调整产生的长期投资按市值计价的189亿元非现金损失。</li><li>ESG：</li><li>-百度向赫尔菲南省捐赠9000万元人民币，以应对该省最近发生的自然灾害。</li><li>-小度推出“视觉辅助”，实现视障语音控制和按需读屏，音频体验更流畅。</li><li>-10月，百度成立数据管理委员会，整合现有数据管理委员会、数据隐私保护委员会和数据安全委员会，进一步完善数据管理政策和监管。</li></ul><i>AI云</i></blockquote></p><p></p><p> <ul>  <li>Baidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.</li>  <li>Lijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.</li>  <li>Tongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.</li>  <li>Baidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.</li> </ul> <i>Intelligent Driving</i></p><p><blockquote><ul><li>百度发布端到端人工智能云解决方案，由昆仑人工智能芯片和PaddlePaddle深度学习框架提供支持，帮助金融服务公司实现运营流程数字化和自动化，吸引了中国人寿和江苏银行等领先客户。</li><li>丽江是一个拥有800年历史的桥梁和水道的联合国教科文组织遗产，正在使用百度智慧城市云为游客保持城市的安全和清洁。利用旅游区的数字化，百度人工智能解决方案帮助地方当局及时发现和解决违规行为，如非法停车和乱扔垃圾。</li><li>浙江省桐乡市与百度签署协议，为其制造业企业提供百度人工智能解决方案，让百度进一步渗透到工业互联网中。</li><li>百度ACE智慧交通已被24个城市采用，合同金额超过人民币1,000万元，同比增长两倍。</li></ul><i>智能驾驶</i></blockquote></p><p> <ul>  <li>Apollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.</li>  <li>Rides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.</li>  <li>WM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.</li> </ul> <i>Other Growth Initiatives</i></p><p><blockquote><ul><li>Apollo L4累计测试里程超过1000万英里，同比增长189%，并获得了411张自动驾驶许可证，反映了Apollo广泛的地理覆盖和广泛的测试场景。</li><li>阿波罗提供的游乐设施连续翻倍，在上海、北京、广州、长沙和沧州均有提供。</li><li>中国电动汽车原始设备制造商威马汽车与百度签署协议，在其新款W6 SUV中安装Apollo Navigation Pilot(ANP)，使与Apollo合作提供自动驾驶和信息娱乐解决方案的品牌总数达到31家。</li></ul><i>其他增长举措</i></blockquote></p><p> <ul>  <li>Xiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.</li>  <li>InAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.</li> </ul> <i>Mobile Ecosystem</i></p><p><blockquote><ul><li>根据Strategy Analytics、IDC和Canalys的数据，2021年Q2，小度在全球智能显示器出货量和中国智能扬声器出货量中排名第一。</li><li>2021年8月，小度完成B轮融资，估值51亿美元，百度保留超多数股权。</li></ul><i>移动生态系统</i></blockquote></p><p> <ul>  <li>In September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.</li>  <li>Managed Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.</li>  <li>The open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.</li> </ul> <i>iQIYI</i></p><p><blockquote><ul><li>9月份，百度App的月活跃用户数达到6.07亿，同比增长12%，日登录用户数达到79%的历史新高，反映了积极的用户体验。</li><li>通过持续的营销云增强（例如扩展的电子商务功能和工具），托管页面达到了百度核心第三季度在线营销收入的43%。</li><li>百度互联网基础设施的开放性导致顶级智能手机制造商选择百度的智能小程序作为其浏览器搜索的登陆页面。</li></ul><i>爱奇艺</i></blockquote></p><p> <ul>  <li>iQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.</li> </ul> <b>Financial Guidance</b></p><p><blockquote><ul><li>2021年9月，爱奇艺订阅用户达到1.04亿，为提供创新、自主开发的大片奠定了坚实的基础。</li></ul><b>财务指引</b></blockquote></p><p> For the fourth quarter of 2021, Baidu expects revenues to be between&nbsp;RMB 31.0 billion($4.81 billion) and&nbsp;RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.</p><p><blockquote>百度预计2021年第四季度收入将在310亿元人民币（48.1亿美元）至340亿元人民币（52.7亿美元）之间，同比增长率为2%至12%，假设百度核心收入将同比增长5%至16%。</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>Baidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲，百度季度收入超出预期</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\">\nBaidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲，百度季度收入超出预期</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\">2021-11-17 16:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>百度周三公布的季度营收高于华尔街预期，这得益于广告销售强劲以及对其人工智能和云产品的需求。百度表示，第三季度总收入为319.2亿元人民币（合49.5亿美元），略高于分析师根据Refinitiv的IBES数据，平均预估为317.1亿元人民币。</blockquote></p><p> Baidu stock climbed 1.6% in premarket trading.</p><p><blockquote>百度股价在盘前交易中上涨1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ff45646bb43efda219e4c6b143b1daf8\" tg-width=\"848\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/84e4b6e7ab7b7d2ec65ad8ba25ce18cf\" tg-width=\"759\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Total revenues</b>&nbsp;were&nbsp;RMB 31.9 billion($4.95 billion), increasing 13% year over year.</p><p><blockquote><b>总收入</b>为319亿元人民币（49.5亿美元），同比增长13%。</blockquote></p><p> <ul>  <li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 24.7 billion($3.83 billion), increasing 15% year over year;<b>online marketing revenue</b>&nbsp;was&nbsp;RMB 19.5 billion($3.02 billion), up 6% year over year, and<b>non-online marketing revenue</b>wasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.</li>  <li><b>Revenue from iQIYI</b>wasRMB 7.6 billion($1.18 billion), increasing 6% year over year.</li> </ul> <b>Cost of revenues</b>&nbsp;was&nbsp;RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.</p><p><blockquote><ul><li><b>百度核心收入</b>为人民币247亿元（38.3亿美元），同比增长15%；<b>网络营销收入</b>为195亿元人民币（30.2亿美元），同比增长6%，<b>非线上营销收入</b>在云和其他人工智能业务的推动下，销售额为52亿元人民币（8.06亿美元），同比增长76%。</li><li><b>爱奇艺收入</b>为76亿元人民币（11.8亿美元），同比增长6%。</li></ul><b>收入成本</b>为161亿元人民币（25亿美元），同比增长26%，主要是由于与新人工智能业务相关的流量获取成本、内容成本和销售商品成本增加。</blockquote></p><p> <b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.</p><p><blockquote><b>销售、一般及行政开支</b>为73亿元人民币（11.4亿美元），同比增长56%，主要是由于渠道支出、促销营销、人员相关费用以及与涉及前广告公司的法律诉讼相关的或有损失增加。</blockquote></p><p> <b>Research and development expense</b>&nbsp;was&nbsp;RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.</p><p><blockquote><b>研发费用</b>为62亿元人民币（9.57亿美元），同比增长35%，主要与人员相关费用有关。</blockquote></p><p> <b>Operating income</b>&nbsp;was&nbsp;RMB 2.3 billion($358 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.7 billion($731 million).<b>Baidu Core non-GAAP operating income</b>&nbsp;was&nbsp;RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.</p><p><blockquote><b>营业收入</b>为23亿元人民币（3.58亿美元）。<b>百度核心营业收入</b>为37亿元人民币（5.77亿美元），百度核心营业利润率为15%。<b>非公认会计准则营业收入</b>为47亿元人民币（7.31亿美元）。<b>百度核心非公认会计准则营业收入</b>为人民币58亿元（9.04亿美元），百度核心非公认会计准则营业利润率为24%。</blockquote></p><p> <b>Total other loss, net</b>&nbsp;was&nbsp;RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.</p><p><blockquote><b>其他亏损总额，净额</b>为215亿元人民币（33.4亿美元），其中包括189亿元人民币非现金、按市值计价的长期投资损失。该季度公允价值调整可能导致未来净利润进一步波动。</blockquote></p><p> <b>Income tax benefit</b>&nbsp;was&nbsp;RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.</p><p><blockquote><b>所得税优惠</b>为18亿元人民币（2.86亿美元），而20年第三季度的所得税费用为16亿元人民币，主要是由于长期投资公允价值损失确认的递延税项收益增加以及之前考虑的某些费用的扣除。不可扣除。</blockquote></p><p> Net loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).<b>Net loss attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 15.6 billion($2.43 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 5.9 billion($909 million).</p><p><blockquote>归属于百度的净亏损为166亿元人民币（25.7亿美元），每股美国存托凭证摊薄亏损为48.18元人民币（7.48美元）。<b>百度核心应佔净亏损</b>为156亿元人民币（24.3亿美元）。<b>归属于百度的非公认会计准则净利润</b>为51亿元人民币（7.9亿美元），非GAAP摊薄每股美国存托凭证收益为14.66元人民币（2.28美元）。<b>归属于百度核心的非公认会计准则净利润</b>为59亿元人民币（9.09亿美元）。</blockquote></p><p> <b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 6.0 billion($925 million).<b>Adjusted EBITDA for Baidu Core</b>&nbsp;was&nbsp;RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.</p><p><blockquote><b>调整后EBITDA</b>为60亿元人民币（9.25亿美元）。<b>百度核心调整后EBITDA</b>为70亿元人民币（10.9亿美元），百度核心调整后EBITDA利润率为28%。</blockquote></p><p> As ofSeptember 30, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 194.6 billion($30.20 billion), and<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 183.6 billion($28.49 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 691 million($108 million), and&nbsp;<b>free cash flow excluding iQIYI</b>wasRMB 2.9 billion($449 million).</p><p><blockquote>截至2021年9月30日，<b>现金、现金等价物、受限制现金和短期投资</b>为人民币1,946亿元（302亿美元），以及<b>现金、现金等价物、限制性现金和短期投资（不包括爱奇艺）</b>为人民币1,836亿元（284.9亿美元）。<b>自由现金流</b>为6.91亿元人民币（1.08亿美元），以及<b>不包括爱奇艺的自由现金流</b>为29亿元人民币（4.49亿美元）。</blockquote></p><p> <b>Other Highlights</b></p><p><blockquote><b>其他亮点</b></blockquote></p><p> <i>Corporate</i></p><p><blockquote><i>公司的</i></blockquote></p><p> <ul>  <li>Q3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.</li>  <li>ESG:</li>  <li>- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.</li>  <li>- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.</li>  <li>- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy &amp; protection and data security, to further improve its policies and oversight around data management.</li> </ul> <i>AI Cloud</i></p><p><blockquote><ul><li>21年第三季度净亏损包括季度公允价值调整产生的长期投资按市值计价的189亿元非现金损失。</li><li>ESG：</li><li>-百度向赫尔菲南省捐赠9000万元人民币，以应对该省最近发生的自然灾害。</li><li>-小度推出“视觉辅助”，实现视障语音控制和按需读屏，音频体验更流畅。</li><li>-10月，百度成立数据管理委员会，整合现有数据管理委员会、数据隐私保护委员会和数据安全委员会，进一步完善数据管理政策和监管。</li></ul><i>AI云</i></blockquote></p><p></p><p> <ul>  <li>Baidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.</li>  <li>Lijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.</li>  <li>Tongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.</li>  <li>Baidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.</li> </ul> <i>Intelligent Driving</i></p><p><blockquote><ul><li>百度发布端到端人工智能云解决方案，由昆仑人工智能芯片和PaddlePaddle深度学习框架提供支持，帮助金融服务公司实现运营流程数字化和自动化，吸引了中国人寿和江苏银行等领先客户。</li><li>丽江是一个拥有800年历史的桥梁和水道的联合国教科文组织遗产，正在使用百度智慧城市云为游客保持城市的安全和清洁。利用旅游区的数字化，百度人工智能解决方案帮助地方当局及时发现和解决违规行为，如非法停车和乱扔垃圾。</li><li>浙江省桐乡市与百度签署协议，为其制造业企业提供百度人工智能解决方案，让百度进一步渗透到工业互联网中。</li><li>百度ACE智慧交通已被24个城市采用，合同金额超过人民币1,000万元，同比增长两倍。</li></ul><i>智能驾驶</i></blockquote></p><p> <ul>  <li>Apollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.</li>  <li>Rides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.</li>  <li>WM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.</li> </ul> <i>Other Growth Initiatives</i></p><p><blockquote><ul><li>Apollo L4累计测试里程超过1000万英里，同比增长189%，并获得了411张自动驾驶许可证，反映了Apollo广泛的地理覆盖和广泛的测试场景。</li><li>阿波罗提供的游乐设施连续翻倍，在上海、北京、广州、长沙和沧州均有提供。</li><li>中国电动汽车原始设备制造商威马汽车与百度签署协议，在其新款W6 SUV中安装Apollo Navigation Pilot(ANP)，使与Apollo合作提供自动驾驶和信息娱乐解决方案的品牌总数达到31家。</li></ul><i>其他增长举措</i></blockquote></p><p> <ul>  <li>Xiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.</li>  <li>InAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.</li> </ul> <i>Mobile Ecosystem</i></p><p><blockquote><ul><li>根据Strategy Analytics、IDC和Canalys的数据，2021年Q2，小度在全球智能显示器出货量和中国智能扬声器出货量中排名第一。</li><li>2021年8月，小度完成B轮融资，估值51亿美元，百度保留超多数股权。</li></ul><i>移动生态系统</i></blockquote></p><p> <ul>  <li>In September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.</li>  <li>Managed Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.</li>  <li>The open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.</li> </ul> <i>iQIYI</i></p><p><blockquote><ul><li>9月份，百度App的月活跃用户数达到6.07亿，同比增长12%，日登录用户数达到79%的历史新高，反映了积极的用户体验。</li><li>通过持续的营销云增强（例如扩展的电子商务功能和工具），托管页面达到了百度核心第三季度在线营销收入的43%。</li><li>百度互联网基础设施的开放性导致顶级智能手机制造商选择百度的智能小程序作为其浏览器搜索的登陆页面。</li></ul><i>爱奇艺</i></blockquote></p><p> <ul>  <li>iQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.</li> </ul> <b>Financial Guidance</b></p><p><blockquote><ul><li>2021年9月，爱奇艺订阅用户达到1.04亿，为提供创新、自主开发的大片奠定了坚实的基础。</li></ul><b>财务指引</b></blockquote></p><p> For the fourth quarter of 2021, Baidu expects revenues to be between&nbsp;RMB 31.0 billion($4.81 billion) and&nbsp;RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.</p><p><blockquote>百度预计2021年第四季度收入将在310亿元人民币（48.1亿美元）至340亿元人民币（52.7亿美元）之间，同比增长率为2%至12%，假设百度核心收入将同比增长5%至16%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154755901","content_text":"China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.\nBaidu stock climbed 1.6% in premarket trading.\n\nTotal revenues were RMB 31.9 billion($4.95 billion), increasing 13% year over year.\n\nRevenue from Baidu Core was RMB 24.7 billion($3.83 billion), increasing 15% year over year;online marketing revenue was RMB 19.5 billion($3.02 billion), up 6% year over year, andnon-online marketing revenuewasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.\nRevenue from iQIYIwasRMB 7.6 billion($1.18 billion), increasing 6% year over year.\n\nCost of revenues was RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.\nSelling, general and administrative expenses were RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.\nResearch and development expense was RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.\nOperating income was RMB 2.3 billion($358 million).Baidu Core operating income was RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.Non-GAAP operating income was RMB 4.7 billion($731 million).Baidu Core non-GAAP operating income was RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.\nTotal other loss, net was RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.\nIncome tax benefit was RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.\nNet loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).Net loss attributable to Baidu Core was RMB 15.6 billion($2.43 billion).Non-GAAP net income attributable to Baidu was RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).Non-GAAP net income attributable to Baidu Core was RMB 5.9 billion($909 million).\nAdjusted EBITDA was RMB 6.0 billion($925 million).Adjusted EBITDA for Baidu Core was RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.\nAs ofSeptember 30, 2021,cash, cash equivalents, restricted cash and short-term investments were RMB 194.6 billion($30.20 billion), andcash, cash equivalents, restricted cash and short-term investments excluding iQIYI were RMB 183.6 billion($28.49 billion).Free cash flow was RMB 691 million($108 million), and free cash flow excluding iQIYIwasRMB 2.9 billion($449 million).\nOther Highlights\nCorporate\n\nQ3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.\nESG:\n- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.\n- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.\n- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy & protection and data security, to further improve its policies and oversight around data management.\n\nAI Cloud\n\nBaidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.\nLijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.\nTongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.\nBaidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.\n\nIntelligent Driving\n\nApollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.\nRides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.\nWM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.\n\nOther Growth Initiatives\n\nXiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.\nInAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.\n\nMobile Ecosystem\n\nIn September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.\nManaged Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.\nThe open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.\n\niQIYI\n\niQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.\n\nFinancial Guidance\nFor the fourth quarter of 2021, Baidu expects revenues to be between RMB 31.0 billion($4.81 billion) and RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.","news_type":1,"symbols_score_info":{"BIDU":0.9,"09888":0.9}},"isVote":1,"tweetType":1,"viewCount":3012,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871236044,"gmtCreate":1637073116730,"gmtModify":1637073117624,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FUTU\">$Futu Holdings Limited(FUTU)$</a>❤️","listText":"<a href=\"https://laohu8.com/S/FUTU\">$Futu Holdings Limited(FUTU)$</a>❤️","text":"$Futu Holdings Limited(FUTU)$❤️","images":[{"img":"https://static.tigerbbs.com/5af40a584005f1dcd4c2cea1b03b289b","width":"1152","height":"2048"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/871236044","isVote":1,"tweetType":1,"viewCount":1814,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":879563645,"gmtCreate":1636740234051,"gmtModify":1636740234310,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/U\">$Unity Software Inc.(U)$</a>😁😁","listText":"<a href=\"https://laohu8.com/S/U\">$Unity Software Inc.(U)$</a>😁😁","text":"$Unity Software Inc.(U)$😁😁","images":[{"img":"https://static.tigerbbs.com/3ac51bf4451812053e893fb4db5fc07d","width":"1152","height":"2048"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/879563645","isVote":1,"tweetType":1,"viewCount":2422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":844307270,"gmtCreate":1636386305507,"gmtModify":1636386306285,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/U\">$Unity Software Inc.(U)$</a>😊😊","listText":"<a href=\"https://laohu8.com/S/U\">$Unity Software Inc.(U)$</a>😊😊","text":"$Unity Software Inc.(U)$😊😊","images":[{"img":"https://static.tigerbbs.com/9dcc9b7445d9bf4b12cc521285f21725","width":"1152","height":"2048"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/844307270","isVote":1,"tweetType":1,"viewCount":2732,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":845410878,"gmtCreate":1636359465859,"gmtModify":1636359594888,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>&nbsp;i thought pre market is at 4pm, what happened today.&nbsp;","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>&nbsp;i thought pre market is at 4pm, what happened today.&nbsp;","text":"$Tesla Motors(TSLA)$ i thought pre market is at 4pm, what happened today.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/845410878","isVote":1,"tweetType":1,"viewCount":4839,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":857348029,"gmtCreate":1635511140249,"gmtModify":1635511140963,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"it's fun!&nbsp;","listText":"it's fun!&nbsp;","text":"it's fun!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/857348029","repostId":"850756569","repostType":1,"repost":{"id":850756569,"gmtCreate":1634631211448,"gmtModify":1635853120757,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/9e396d03155923b283948d2dec9191f8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"36984908995200","authorIdStr":"36984908995200"},"themes":[],"title":"[Halloween Game] Trade or Treat!","htmlText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","listText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","text":"Hello, dear Tigers! Happy Halloween! 🎃🎃🎃 Tap here to play the Halloween game, and you stand a chance to win various rewards! Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1. How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'. 2. How to collect points? Each player has 30 seconds to catch falling candies while av","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850756569","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1730,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854026024,"gmtCreate":1635411785368,"gmtModify":1635411785609,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FUTU\">$Futu Holdings Limited(FUTU)$</a>&nbsp;anyone knows what news came out today??&nbsp;","listText":"<a href=\"https://laohu8.com/S/FUTU\">$Futu Holdings Limited(FUTU)$</a>&nbsp;anyone knows what news came out today??&nbsp;","text":"$Futu Holdings Limited(FUTU)$ anyone knows what news came out today??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/854026024","isVote":1,"tweetType":1,"viewCount":2980,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3562056022616278","authorId":"3562056022616278","name":"约翰的理财库","avatar":"https://static.tigerbbs.com/ac36ce2339d7a6be9d199aa745dfba91","crmLevel":4,"crmLevelSwitch":0,"idStr":"3562056022616278","authorIdStr":"3562056022616278"},"content":"It just same old trick and news happend in 2018 and 2019 . Say no to panic 😊","text":"It just same old trick and news happend in 2018 and 2019 . Say no to panic 😊","html":"It just same old trick and news happend in 2018 and 2019 . Say no to panic 😊"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":855787188,"gmtCreate":1635402455180,"gmtModify":1635402455385,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"To the moooooon","listText":"To the moooooon","text":"To the moooooon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/855787188","repostId":"1132883630","repostType":4,"repost":{"id":"1132883630","kind":"news","pubTimestamp":1635399451,"share":"https://www.laohu8.com/m/news/1132883630?lang=zh_CN&edition=full","pubTime":"2021-10-28 13:37","market":"us","language":"en","title":"Nio Stock Dropped Wednesday: Is This an Opportunity?<blockquote>蔚来股价周三下跌：这是一个机会吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132883630","media":"Motley Fool","summary":"Investors are getting uncomfortable with the level of competition in the electric vehicle space.","content":"<p><b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> After kicking off Wednesday on a positive note and popping by 2% in early morning trading,electric vehicle stock&nbsp;<b>Nio</b>(NYSE:NIO)&nbsp;shed all of those gains and then some. At the close of the session, Nio shares were down by 2.9%.</p><p><blockquote>电动汽车股周三开盘上涨并在早盘交易中上涨2%后<b>蔚来</b>（纽约证券交易所股票代码：蔚来）放弃了所有这些涨幅，甚至一些涨幅。截至收盘，蔚来股价下跌2.9%。</blockquote></p><p> It seems investors are weighing the impact of rising competition on the Chinese automaker's prospects and finding it worrisome.</p><p><blockquote>投资者似乎正在权衡竞争加剧对这家中国汽车制造商前景的影响，并发现这令人担忧。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Nio's chief rival&nbsp;<b>Tesla</b>(NASDAQ:TSLA)is firing on all cylinders. After Tesla bagged an order for 100,000 electric vehicles from rental company&nbsp;<b>Hertz</b>&nbsp;earlier this week,it was back in the news again Wednesday&nbsp;after Hertz&nbsp;struck a deal with&nbsp;<b>Uber Technologies</b>&nbsp;to rent it 50,000 Tesla EVs. Although that development built on Hertz's previous order, it reflects the massive potential of the EV industry and the unmistakable traction that Tesla has already gained within it. It's also racing ahead in Nio's core market of China.</p><p><blockquote>蔚来的主要竞争对手<b>特斯拉</b>（纳斯达克：TSLA）正在全力以赴。特斯拉从租赁公司获得10万辆电动汽车订单后<b>赫兹</b>本周早些时候，在赫兹与<b>优步科技</b>向其租赁50,000辆特斯拉电动汽车。尽管这一发展建立在赫兹之前的订单之上，但它反映了电动汽车行业的巨大潜力以及特斯拉已经在其中获得的明显吸引力。它还在蔚来的中国核心市场遥遥领先。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d13f2a97da1133832ade5c930059cf8\" 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> On Wednesday morning,<b>General Motors</b>(NYSE:GM)&nbsp;CEO Mary Barra told CNBC that the auto giant could \"absolutely\" catch up with Tesla on EV sales by 2025. In June, GM announced an ambitious goal of selling more than 1 million EVs worldwide by 2025, backed by investments worth $35 billion in EVs and autonomous vehicles over that period.</p><p><blockquote>周三上午，<b>通用汽车</b>（纽约证券交易所股票代码：GM）首席执行官Mary Barra告诉CNBC，到2025年，这家汽车巨头在电动汽车销量方面“绝对”可以赶上特斯拉。6月，通用汽车宣布了一个雄心勃勃的目标，即到2025年在全球销售超过100万辆电动汽车，并在此期间对电动汽车和自动驾驶汽车进行了价值350亿美元的投资。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> EVs are a hot market right now, and this is just the start. It's therefore unsurprising to see competition intensifying as nearly every automaker strives to get a piece of a market segment with exponential growth potential.</p><p><blockquote>电动汽车目前是一个热门市场，而这仅仅是个开始。因此，竞争加剧也就不足为奇了，因为几乎每家汽车制造商都在努力在具有指数增长潜力的细分市场中分得一杯羹。</blockquote></p><p> Does that mean Nio will be edged out? I don't think so.</p><p><blockquote>这是否意味着蔚来将被淘汰？我不这么认为。</blockquote></p><p> In a short span of time, Nio has established itself as one of the top luxury car makers in China. It delivered more vehicles last quarter than it ever had before, recently began selling in Europe, and is set to launch its&nbsp;first electric luxury sedan, the ET7, in China as well as Norway in 2022 even as it prepares a blueprint for low-priced models to target the mass market in China. Nio's battery-as-a-service program also gives it an edge over rivals, especially among cost-conscious consumers.</p><p><blockquote>在很短的时间内，蔚来已经成为国内顶级豪华汽车制造商之一。该公司上季度交付的汽车数量比以往任何时候都多，最近开始在欧洲销售，并计划于2022年在中国和挪威推出首款电动豪华轿车ET7，同时正在为低价车型制定蓝图。瞄准中国大众市场的车型。蔚来的电池即服务计划也使其比竞争对手更具优势，尤其是在注重成本的消费者中。</blockquote></p><p> So while Tesla's wins may rattle Nio investors momentarily, the Chinese automaker is a long-term growth story and looks like one of the&nbsp;most promising EV stocks right now to buy on a dip.</p><p><blockquote>因此，虽然特斯拉的胜利可能会暂时让蔚来投资者感到不安，但这家中国汽车制造商是一个长期增长的故事，看起来是目前最有前途的逢低买入电动汽车股票之一。</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>Nio Stock Dropped Wednesday: Is This an Opportunity?<blockquote>蔚来股价周三下跌：这是一个机会吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Stock Dropped Wednesday: Is This an Opportunity?<blockquote>蔚来股价周三下跌：这是一个机会吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-10-28 13:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> After kicking off Wednesday on a positive note and popping by 2% in early morning trading,electric vehicle stock&nbsp;<b>Nio</b>(NYSE:NIO)&nbsp;shed all of those gains and then some. At the close of the session, Nio shares were down by 2.9%.</p><p><blockquote>电动汽车股周三开盘上涨并在早盘交易中上涨2%后<b>蔚来</b>（纽约证券交易所股票代码：蔚来）放弃了所有这些涨幅，甚至一些涨幅。截至收盘，蔚来股价下跌2.9%。</blockquote></p><p> It seems investors are weighing the impact of rising competition on the Chinese automaker's prospects and finding it worrisome.</p><p><blockquote>投资者似乎正在权衡竞争加剧对这家中国汽车制造商前景的影响，并发现这令人担忧。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Nio's chief rival&nbsp;<b>Tesla</b>(NASDAQ:TSLA)is firing on all cylinders. After Tesla bagged an order for 100,000 electric vehicles from rental company&nbsp;<b>Hertz</b>&nbsp;earlier this week,it was back in the news again Wednesday&nbsp;after Hertz&nbsp;struck a deal with&nbsp;<b>Uber Technologies</b>&nbsp;to rent it 50,000 Tesla EVs. Although that development built on Hertz's previous order, it reflects the massive potential of the EV industry and the unmistakable traction that Tesla has already gained within it. It's also racing ahead in Nio's core market of China.</p><p><blockquote>蔚来的主要竞争对手<b>特斯拉</b>（纳斯达克：TSLA）正在全力以赴。特斯拉从租赁公司获得10万辆电动汽车订单后<b>赫兹</b>本周早些时候，在赫兹与<b>优步科技</b>向其租赁50,000辆特斯拉电动汽车。尽管这一发展建立在赫兹之前的订单之上，但它反映了电动汽车行业的巨大潜力以及特斯拉已经在其中获得的明显吸引力。它还在蔚来的中国核心市场遥遥领先。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d13f2a97da1133832ade5c930059cf8\" 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> On Wednesday morning,<b>General Motors</b>(NYSE:GM)&nbsp;CEO Mary Barra told CNBC that the auto giant could \"absolutely\" catch up with Tesla on EV sales by 2025. In June, GM announced an ambitious goal of selling more than 1 million EVs worldwide by 2025, backed by investments worth $35 billion in EVs and autonomous vehicles over that period.</p><p><blockquote>周三上午，<b>通用汽车</b>（纽约证券交易所股票代码：GM）首席执行官Mary Barra告诉CNBC，到2025年，这家汽车巨头在电动汽车销量方面“绝对”可以赶上特斯拉。6月，通用汽车宣布了一个雄心勃勃的目标，即到2025年在全球销售超过100万辆电动汽车，并在此期间对电动汽车和自动驾驶汽车进行了价值350亿美元的投资。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> EVs are a hot market right now, and this is just the start. It's therefore unsurprising to see competition intensifying as nearly every automaker strives to get a piece of a market segment with exponential growth potential.</p><p><blockquote>电动汽车目前是一个热门市场，而这仅仅是个开始。因此，竞争加剧也就不足为奇了，因为几乎每家汽车制造商都在努力在具有指数增长潜力的细分市场中分得一杯羹。</blockquote></p><p> Does that mean Nio will be edged out? I don't think so.</p><p><blockquote>这是否意味着蔚来将被淘汰？我不这么认为。</blockquote></p><p> In a short span of time, Nio has established itself as one of the top luxury car makers in China. It delivered more vehicles last quarter than it ever had before, recently began selling in Europe, and is set to launch its&nbsp;first electric luxury sedan, the ET7, in China as well as Norway in 2022 even as it prepares a blueprint for low-priced models to target the mass market in China. Nio's battery-as-a-service program also gives it an edge over rivals, especially among cost-conscious consumers.</p><p><blockquote>在很短的时间内，蔚来已经成为国内顶级豪华汽车制造商之一。该公司上季度交付的汽车数量比以往任何时候都多，最近开始在欧洲销售，并计划于2022年在中国和挪威推出首款电动豪华轿车ET7，同时正在为低价车型制定蓝图。瞄准中国大众市场的车型。蔚来的电池即服务计划也使其比竞争对手更具优势，尤其是在注重成本的消费者中。</blockquote></p><p> So while Tesla's wins may rattle Nio investors momentarily, the Chinese automaker is a long-term growth story and looks like one of the&nbsp;most promising EV stocks right now to buy on a dip.</p><p><blockquote>因此，虽然特斯拉的胜利可能会暂时让蔚来投资者感到不安，但这家中国汽车制造商是一个长期增长的故事，看起来是目前最有前途的逢低买入电动汽车股票之一。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/10/27/nio-stock-dropped-wednesday-is-this-an-opportunity/\">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":{"NIO":"蔚来"},"source_url":"https://www.fool.com/investing/2021/10/27/nio-stock-dropped-wednesday-is-this-an-opportunity/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132883630","content_text":"What happened\nAfter kicking off Wednesday on a positive note and popping by 2% in early morning trading,electric vehicle stock Nio(NYSE:NIO) shed all of those gains and then some. At the close of the session, Nio shares were down by 2.9%.\nIt seems investors are weighing the impact of rising competition on the Chinese automaker's prospects and finding it worrisome.\nSo what\nNio's chief rival Tesla(NASDAQ:TSLA)is firing on all cylinders. After Tesla bagged an order for 100,000 electric vehicles from rental company Hertz earlier this week,it was back in the news again Wednesday after Hertz struck a deal with Uber Technologies to rent it 50,000 Tesla EVs. Although that development built on Hertz's previous order, it reflects the massive potential of the EV industry and the unmistakable traction that Tesla has already gained within it. It's also racing ahead in Nio's core market of China.\nIMAGE SOURCE: GETTY IMAGES.\nOn Wednesday morning,General Motors(NYSE:GM) CEO Mary Barra told CNBC that the auto giant could \"absolutely\" catch up with Tesla on EV sales by 2025. In June, GM announced an ambitious goal of selling more than 1 million EVs worldwide by 2025, backed by investments worth $35 billion in EVs and autonomous vehicles over that period.\nNow what\nEVs are a hot market right now, and this is just the start. It's therefore unsurprising to see competition intensifying as nearly every automaker strives to get a piece of a market segment with exponential growth potential.\nDoes that mean Nio will be edged out? I don't think so.\nIn a short span of time, Nio has established itself as one of the top luxury car makers in China. It delivered more vehicles last quarter than it ever had before, recently began selling in Europe, and is set to launch its first electric luxury sedan, the ET7, in China as well as Norway in 2022 even as it prepares a blueprint for low-priced models to target the mass market in China. Nio's battery-as-a-service program also gives it an edge over rivals, especially among cost-conscious consumers.\nSo while Tesla's wins may rattle Nio investors momentarily, the Chinese automaker is a long-term growth story and looks like one of the most promising EV stocks right now to buy on a dip.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":3517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":852612368,"gmtCreate":1635261440825,"gmtModify":1635261441553,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"To the moooooooon&nbsp;","listText":"To the moooooooon&nbsp;","text":"To the moooooooon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/852612368","repostId":"1130424437","repostType":4,"repost":{"id":"1130424437","kind":"news","pubTimestamp":1635258042,"share":"https://www.laohu8.com/m/news/1130424437?lang=zh_CN&edition=full","pubTime":"2021-10-26 22:20","market":"us","language":"en","title":"Amazon Q3 Earnings Preview: Here's What Investors Should Know<blockquote>亚马逊第三季度收益预览：以下是投资者应该了解的内容</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130424437","media":"Motley Fool","summary":"E-commerce giant Amazon is scheduled to report third-quarter earnings on Oct. 28. As the crucial holiday shopping season approaches, investors will want reassurance from Amazon that it has robust plans to fulfill increasing customer demand. Equally as important will be how increasing fulfillment prices will affect the bottom line at Amazon.Since the onset of the coronavirus pandemic, Amazon has benefited from a surge of new customers and increased orders from existing customers. But the company ","content":"<p>E-commerce&nbsp;giant&nbsp;<b>Amazon</b>(NASDAQ:AMZN)&nbsp;is scheduled to report third-quarter earnings on Oct. 28. As the crucial&nbsp;holiday shopping season&nbsp;approaches, investors will want reassurance from Amazon that it has robust plans to fulfill increasing customer demand. Equally as important will be how increasing fulfillment prices will affect the bottom line at Amazon.</p><p><blockquote>电商巨头<b>亚马逊</b>（纳斯达克股票代码：AMZN）定于10月28日公布第三季度收益。随着关键的假日购物季的临近，投资者希望亚马逊保证其有强有力的计划来满足不断增长的客户需求。同样重要的是提高履行价格将如何影响亚马逊的利润。</blockquote></p><p> Since the onset of the coronavirus pandemic, Amazon has benefited from a surge of new customers and increased orders from existing customers. But the company has also been working to deal with the strain on its system that this boost has caused. This latest report should offer an update on how well Amazon is managing.</p><p><blockquote>自新冠疫情爆发以来，亚马逊受益于新客户的激增和现有客户订单的增加。但该公司也一直在努力应对这种增长给其系统带来的压力。这份最新报告应该会提供有关亚马逊管理情况的最新信息。</blockquote></p><p> Let's discuss what else might be revealed when Amazon reports earnings on Thursday.</p><p><blockquote>让我们讨论一下亚马逊周四公布财报时可能还会透露什么。</blockquote></p><p> Amazon is spending to keep up with demand</p><p><blockquote>亚马逊正在支出以满足需求</blockquote></p><p> The coronavirus pandemic continues to cause disruptions in supply chains worldwide. An outbreak at one seaport can create domino effects that cause bottlenecks in several regions.&nbsp; Early on, Amazon was actually forced to prioritize essential items in order to manage. Even as economies are reopening and more consumer shopping is shifting back to in-person, the company is still facing challenges in its efforts to fulfill customer demand.</p><p><blockquote>冠状病毒大流行继续导致全球供应链中断。一个海港的疫情爆发会产生多米诺骨牌效应，导致几个地区出现瓶颈。早期，亚马逊实际上被迫优先考虑必需品，以便管理。尽管经济重新开放，更多消费者购物转向面对面，但该公司在满足客户需求方面仍面临挑战。</blockquote></p><p> Management has guided investors to look for year-over-year revenue growth between 10% and 16% in Q3. Meanwhile, its guided range foroperating income&nbsp;of $2.5 billion to $6.0 billion, suggests a drop from last year's operating income of $6.2 billion in the same quarter. That drop is likely the result of increased costs of operation.</p><p><blockquote>管理层指导投资者预计第三季度收入同比增长10%至16%。与此同时，其营业收入指导范围为25亿美元至60亿美元，较去年同季度62亿美元的营业收入有所下降。这一下降可能是运营成本增加的结果。</blockquote></p><p> Since the pandemic onset, Amazon has been spending aggressively on hiring staff and expanding fulfillment center capacity. Total employment at Amazon grew from 867,000 in the second quarter of last year to 1.34 million in Q2 this year. What's more, to attract and retain employees, the company has rolled out a slew of incentives, including increased wages, bonuses, and free college tuition.</p><p><blockquote>自疫情爆发以来，亚马逊一直在大力投资招聘员工和扩大运营中心容量。亚马逊的总就业人数从去年第二季度的86.7万人增长到今年第二季度的134万人。此外，为了吸引和留住员工，该公司推出了一系列激励措施，包括增加工资、奖金和免费大学学费。</blockquote></p><p> Economies worldwide are experiencing labor shortages, which is understandable. Not many folks are willing to work at the same wages while their on-the-job risks have elevated with COVID-19 still in circulation. To compensate for the added risks, employees are demanding higher wages, something not all companies are willing to provide. To Amazon's credit, it has been ready and willing to offer higher wages to help maintain its customers' positive shopping experiences.</p><p><blockquote>世界各地的经济体都在经历劳动力短缺，这是可以理解的。没有多少人愿意以同样的工资工作，而由于新冠肺炎病毒仍在传播，他们的工作风险已经上升。为了补偿增加的风险，员工要求更高的工资，但并非所有公司都愿意提供。值得称赞的是，亚马逊已经准备好并愿意提供更高的工资来帮助维持客户积极的购物体验。</blockquote></p><p> Rising costs keep Amazon's stock grounded</p><p><blockquote>成本上升使亚马逊股价保持稳定</blockquote></p><p> Analysts on Wall Street expect Amazon to report third-quarter revenue of $111.6 billion and earnings per share of $8.93. The revenue estimate, if met, would be an increase of 16.1% from the same quarter last year and higher than the upper end of management's forecast. The EPS estimate would be far below last year's figure of $12.37, as the increased spending on fulfillment hits the bottom line.</p><p><blockquote>华尔街分析师预计亚马逊第三季度营收1116亿美元，每股收益8.93美元。如果实现收入预期，将比去年同季度增长16.1%，高于管理层预测的上限。每股收益预期将远低于去年12.37美元的数字，因为履约支出的增加触及了底线。</blockquote></p><p> Amazon's stock price is down 10.3% in the last three months and it's up about 1.9% year to date. The company experienced a boom in spending and profits in fiscal 2020 as the initial effects of the pandemic were a tailwind to the business. Now, as economies reopen and rising costs flow through, the pandemic has become a headwind.</p><p><blockquote>亚马逊股价在过去三个月下跌了10.3%，今年迄今上涨了约1.9%。由于疫情的初步影响对业务产生了推动作用，该公司在2020财年经历了支出和利润的繁荣。现在，随着经济重新开放和成本上升，疫情已成为一个阻力。</blockquote></p><p> Investors should&nbsp;keep a close eye&nbsp;on how these headwinds affect Amazon. They should also take note of management's estimations on how long it is expected to persist. Fourth-quarter guidance will likely be as crucial as third-quarter results in determining the market's reaction to Amazon's earnings release.</p><p><blockquote>投资者应密切关注这些不利因素如何影响亚马逊。他们还应注意管理层对预计持续时间的估计。在决定市场对亚马逊财报发布的反应方面，第四季度指引可能与第三季度业绩一样至关重要。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Q3 Earnings Preview: Here's What Investors Should Know<blockquote>亚马逊第三季度收益预览：以下是投资者应该了解的内容</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Q3 Earnings Preview: Here's What Investors Should Know<blockquote>亚马逊第三季度收益预览：以下是投资者应该了解的内容</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\">2021-10-26 22:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p>E-commerce&nbsp;giant&nbsp;<b>Amazon</b>(NASDAQ:AMZN)&nbsp;is scheduled to report third-quarter earnings on Oct. 28. As the crucial&nbsp;holiday shopping season&nbsp;approaches, investors will want reassurance from Amazon that it has robust plans to fulfill increasing customer demand. Equally as important will be how increasing fulfillment prices will affect the bottom line at Amazon.</p><p><blockquote>电商巨头<b>亚马逊</b>（纳斯达克股票代码：AMZN）定于10月28日公布第三季度收益。随着关键的假日购物季的临近，投资者希望亚马逊保证其有强有力的计划来满足不断增长的客户需求。同样重要的是提高履行价格将如何影响亚马逊的利润。</blockquote></p><p> Since the onset of the coronavirus pandemic, Amazon has benefited from a surge of new customers and increased orders from existing customers. But the company has also been working to deal with the strain on its system that this boost has caused. This latest report should offer an update on how well Amazon is managing.</p><p><blockquote>自新冠疫情爆发以来，亚马逊受益于新客户的激增和现有客户订单的增加。但该公司也一直在努力应对这种增长给其系统带来的压力。这份最新报告应该会提供有关亚马逊管理情况的最新信息。</blockquote></p><p> Let's discuss what else might be revealed when Amazon reports earnings on Thursday.</p><p><blockquote>让我们讨论一下亚马逊周四公布财报时可能还会透露什么。</blockquote></p><p> Amazon is spending to keep up with demand</p><p><blockquote>亚马逊正在支出以满足需求</blockquote></p><p> The coronavirus pandemic continues to cause disruptions in supply chains worldwide. An outbreak at one seaport can create domino effects that cause bottlenecks in several regions.&nbsp; Early on, Amazon was actually forced to prioritize essential items in order to manage. Even as economies are reopening and more consumer shopping is shifting back to in-person, the company is still facing challenges in its efforts to fulfill customer demand.</p><p><blockquote>冠状病毒大流行继续导致全球供应链中断。一个海港的疫情爆发会产生多米诺骨牌效应，导致几个地区出现瓶颈。早期，亚马逊实际上被迫优先考虑必需品，以便管理。尽管经济重新开放，更多消费者购物转向面对面，但该公司在满足客户需求方面仍面临挑战。</blockquote></p><p> Management has guided investors to look for year-over-year revenue growth between 10% and 16% in Q3. Meanwhile, its guided range foroperating income&nbsp;of $2.5 billion to $6.0 billion, suggests a drop from last year's operating income of $6.2 billion in the same quarter. That drop is likely the result of increased costs of operation.</p><p><blockquote>管理层指导投资者预计第三季度收入同比增长10%至16%。与此同时，其营业收入指导范围为25亿美元至60亿美元，较去年同季度62亿美元的营业收入有所下降。这一下降可能是运营成本增加的结果。</blockquote></p><p> Since the pandemic onset, Amazon has been spending aggressively on hiring staff and expanding fulfillment center capacity. Total employment at Amazon grew from 867,000 in the second quarter of last year to 1.34 million in Q2 this year. What's more, to attract and retain employees, the company has rolled out a slew of incentives, including increased wages, bonuses, and free college tuition.</p><p><blockquote>自疫情爆发以来，亚马逊一直在大力投资招聘员工和扩大运营中心容量。亚马逊的总就业人数从去年第二季度的86.7万人增长到今年第二季度的134万人。此外，为了吸引和留住员工，该公司推出了一系列激励措施，包括增加工资、奖金和免费大学学费。</blockquote></p><p> Economies worldwide are experiencing labor shortages, which is understandable. Not many folks are willing to work at the same wages while their on-the-job risks have elevated with COVID-19 still in circulation. To compensate for the added risks, employees are demanding higher wages, something not all companies are willing to provide. To Amazon's credit, it has been ready and willing to offer higher wages to help maintain its customers' positive shopping experiences.</p><p><blockquote>世界各地的经济体都在经历劳动力短缺，这是可以理解的。没有多少人愿意以同样的工资工作，而由于新冠肺炎病毒仍在传播，他们的工作风险已经上升。为了补偿增加的风险，员工要求更高的工资，但并非所有公司都愿意提供。值得称赞的是，亚马逊已经准备好并愿意提供更高的工资来帮助维持客户积极的购物体验。</blockquote></p><p> Rising costs keep Amazon's stock grounded</p><p><blockquote>成本上升使亚马逊股价保持稳定</blockquote></p><p> Analysts on Wall Street expect Amazon to report third-quarter revenue of $111.6 billion and earnings per share of $8.93. The revenue estimate, if met, would be an increase of 16.1% from the same quarter last year and higher than the upper end of management's forecast. The EPS estimate would be far below last year's figure of $12.37, as the increased spending on fulfillment hits the bottom line.</p><p><blockquote>华尔街分析师预计亚马逊第三季度营收1116亿美元，每股收益8.93美元。如果实现收入预期，将比去年同季度增长16.1%，高于管理层预测的上限。每股收益预期将远低于去年12.37美元的数字，因为履约支出的增加触及了底线。</blockquote></p><p> Amazon's stock price is down 10.3% in the last three months and it's up about 1.9% year to date. The company experienced a boom in spending and profits in fiscal 2020 as the initial effects of the pandemic were a tailwind to the business. Now, as economies reopen and rising costs flow through, the pandemic has become a headwind.</p><p><blockquote>亚马逊股价在过去三个月下跌了10.3%，今年迄今上涨了约1.9%。由于疫情的初步影响对业务产生了推动作用，该公司在2020财年经历了支出和利润的繁荣。现在，随着经济重新开放和成本上升，疫情已成为一个阻力。</blockquote></p><p> Investors should&nbsp;keep a close eye&nbsp;on how these headwinds affect Amazon. They should also take note of management's estimations on how long it is expected to persist. Fourth-quarter guidance will likely be as crucial as third-quarter results in determining the market's reaction to Amazon's earnings release.</p><p><blockquote>投资者应密切关注这些不利因素如何影响亚马逊。他们还应注意管理层对预计持续时间的估计。在决定市场对亚马逊财报发布的反应方面，第四季度指引可能与第三季度业绩一样至关重要。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/10/26/amazon-third-quarter-earnings-preview/\">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":{"AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2021/10/26/amazon-third-quarter-earnings-preview/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130424437","content_text":"E-commerce giant Amazon(NASDAQ:AMZN) is scheduled to report third-quarter earnings on Oct. 28. As the crucial holiday shopping season approaches, investors will want reassurance from Amazon that it has robust plans to fulfill increasing customer demand. Equally as important will be how increasing fulfillment prices will affect the bottom line at Amazon.\nSince the onset of the coronavirus pandemic, Amazon has benefited from a surge of new customers and increased orders from existing customers. But the company has also been working to deal with the strain on its system that this boost has caused. This latest report should offer an update on how well Amazon is managing.\nLet's discuss what else might be revealed when Amazon reports earnings on Thursday.\nAmazon is spending to keep up with demand\nThe coronavirus pandemic continues to cause disruptions in supply chains worldwide. An outbreak at one seaport can create domino effects that cause bottlenecks in several regions.  Early on, Amazon was actually forced to prioritize essential items in order to manage. Even as economies are reopening and more consumer shopping is shifting back to in-person, the company is still facing challenges in its efforts to fulfill customer demand.\nManagement has guided investors to look for year-over-year revenue growth between 10% and 16% in Q3. Meanwhile, its guided range foroperating income of $2.5 billion to $6.0 billion, suggests a drop from last year's operating income of $6.2 billion in the same quarter. That drop is likely the result of increased costs of operation.\nSince the pandemic onset, Amazon has been spending aggressively on hiring staff and expanding fulfillment center capacity. Total employment at Amazon grew from 867,000 in the second quarter of last year to 1.34 million in Q2 this year. What's more, to attract and retain employees, the company has rolled out a slew of incentives, including increased wages, bonuses, and free college tuition.\nEconomies worldwide are experiencing labor shortages, which is understandable. Not many folks are willing to work at the same wages while their on-the-job risks have elevated with COVID-19 still in circulation. To compensate for the added risks, employees are demanding higher wages, something not all companies are willing to provide. To Amazon's credit, it has been ready and willing to offer higher wages to help maintain its customers' positive shopping experiences.\nRising costs keep Amazon's stock grounded\nAnalysts on Wall Street expect Amazon to report third-quarter revenue of $111.6 billion and earnings per share of $8.93. The revenue estimate, if met, would be an increase of 16.1% from the same quarter last year and higher than the upper end of management's forecast. The EPS estimate would be far below last year's figure of $12.37, as the increased spending on fulfillment hits the bottom line.\nAmazon's stock price is down 10.3% in the last three months and it's up about 1.9% year to date. The company experienced a boom in spending and profits in fiscal 2020 as the initial effects of the pandemic were a tailwind to the business. Now, as economies reopen and rising costs flow through, the pandemic has become a headwind.\nInvestors should keep a close eye on how these headwinds affect Amazon. They should also take note of management's estimations on how long it is expected to persist. Fourth-quarter guidance will likely be as crucial as third-quarter results in determining the market's reaction to Amazon's earnings release.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":824625764,"gmtCreate":1634309336943,"gmtModify":1634309337593,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"To the moooooooon","listText":"To the moooooooon","text":"To the moooooooon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/824625764","repostId":"1180900172","repostType":4,"repost":{"id":"1180900172","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":1634309275,"share":"https://www.laohu8.com/m/news/1180900172?lang=zh_CN&edition=full","pubTime":"2021-10-15 22:47","market":"us","language":"en","title":"Amazon stock rose 1.5% in morning trading<blockquote>亚马逊股价早盘上涨1.5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180900172","media":"Tiger Newspress","summary":"Amazon stock rose 1.5% in morning trading after challenging record $865 million EU data-protection f","content":"<p>Amazon stock rose 1.5% in morning trading&nbsp;after&nbsp;challenging record $865 million EU data-protection fine.</p><p><blockquote>在挑战创纪录的8.65亿美元欧盟数据保护罚款后，亚马逊股价在早盘交易中上涨1.5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3a033875d6b1950d9ce2adfbd5b39d06\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Amazon.com Inc. appealed a record 746 million-euro ($865 million) penalty for allegedly violating the European Union’s tough data-protection rules.</p><p><blockquote>亚马逊公司因涉嫌违反欧盟严格的数据保护规则而被处以创纪录的7.46亿欧元（8.65亿美元）罚款提出上诉。</blockquote></p><p> The appeal was filed at the Luxembourg Administrative Tribunal on Friday, according to Luxembourg court spokesman Henri Eippers.</p><p><blockquote>据卢森堡法院发言人Henri Eippers称，上诉于周五提交给卢森堡行政法庭。</blockquote></p><p> The challenge comes after CNPD, Luxembourg’s data protection regulator, where Amazon has its EU base,slapped&nbsp;the U.S. tech giant with the fine in July.</p><p><blockquote>这一挑战是在亚马逊欧盟总部所在地卢森堡数据保护监管机构CNPD于7月份对这家美国科技巨头处以罚款之后提出的。</blockquote></p><p> The regulator ruled that Amazon violated the bloc’s General Data Protection Regulation, or GDPR, through its processing of users’ personal data. &nbsp;The decision was triggered by a 2018 complaint from French privacy rights group La Quadrature du Net.</p><p><blockquote>监管机构裁定亚马逊处理用户个人数据违反了欧盟的通用数据保护条例（GDPR）。这一决定是由法国隐私权利组织La Quadrature du Net 2018年的投诉引发的。</blockquote></p><p> The world’s biggest online retailer has drawn scrutiny in recent years for the vast trove of data it has amassed on a range of customers and partners, including independent merchants who sell on its retail marketplace, users of its Alexa digital assistant, and shoppers whose browsing and purchase history inform what Amazon shows them on its website.</p><p><blockquote>近年来，这家全球最大的在线零售商因其收集的一系列客户和合作伙伴的大量数据而受到密切关注，其中包括在其零售市场上销售的独立商家、Alexa数字助理的用户以及浏览和购买历史记录告知亚马逊在其网站上向他们展示的内容。</blockquote></p><p> Amazon declined to comment on the appeal, but referred to a previous statement in July that “there has been no data breach, and no customer data has been exposed to any third party.”</p><p><blockquote>亚马逊拒绝对上诉发表评论，但提到了7月份的一份声明，即“没有发生数据泄露事件，也没有客户数据暴露给任何第三方。”</blockquote></p><p> Amazon previously said it “strongly” disagreed with the Luxembourg authority’s findings.</p><p><blockquote>亚马逊此前表示，“强烈”不同意卢森堡当局的调查结果。</blockquote></p><p> The company says it collects data to improve the customer experience, and sets guidelines governing what employees can do with it. Some lawmakers and regulators have raised concerns that the company has used what it knows to give itself an unfair advantage in the marketplace.</p><p><blockquote>该公司表示，它收集数据是为了改善客户体验，并制定指导方针来管理员工可以利用这些数据做什么。一些立法者和监管机构担心该公司利用其所知道的信息在市场上为自己带来不公平的优势。</blockquote></p><p> EU data protection regulators’ powers have increased significantly since the bloc’s GDPR rules took effect in May 2018. The law allows watchdogs to levy fines of as much as 4% of a company’s annual global sales.</p><p><blockquote>自2018年5月欧盟GDPR规则生效以来，欧盟数据保护监管机构的权力显着增加。该法律允许监管机构征收高达公司全球年销售额4%的罚款。</blockquote></p><p> The privacy probe adds to intense&nbsp;antitrust scrutiny&nbsp;of Amazon’s business in Europe. Amazon is being probed by the EU over its use of data from sellers on its platform and whether it unfairly favors its own products. Germany has multiple probes into Amazon’s sales. The U.K. is also examining similar issues to the EU.</p><p><blockquote>隐私调查加剧了对亚马逊欧洲业务的严格反垄断审查。亚马逊因使用其平台上卖家的数据以及是否不公平地偏袒自己的产品而受到欧盟的调查。德国对亚马逊的销售进行了多项调查。英国也在研究与欧盟类似的问题。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon stock rose 1.5% in morning trading<blockquote>亚马逊股价早盘上涨1.5%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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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\">\nAmazon stock rose 1.5% in morning trading<blockquote>亚马逊股价早盘上涨1.5%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-10-15 22:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Amazon stock rose 1.5% in morning trading&nbsp;after&nbsp;challenging record $865 million EU data-protection fine.</p><p><blockquote>在挑战创纪录的8.65亿美元欧盟数据保护罚款后，亚马逊股价在早盘交易中上涨1.5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3a033875d6b1950d9ce2adfbd5b39d06\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Amazon.com Inc. appealed a record 746 million-euro ($865 million) penalty for allegedly violating the European Union’s tough data-protection rules.</p><p><blockquote>亚马逊公司因涉嫌违反欧盟严格的数据保护规则而被处以创纪录的7.46亿欧元（8.65亿美元）罚款提出上诉。</blockquote></p><p> The appeal was filed at the Luxembourg Administrative Tribunal on Friday, according to Luxembourg court spokesman Henri Eippers.</p><p><blockquote>据卢森堡法院发言人Henri Eippers称，上诉于周五提交给卢森堡行政法庭。</blockquote></p><p> The challenge comes after CNPD, Luxembourg’s data protection regulator, where Amazon has its EU base,slapped&nbsp;the U.S. tech giant with the fine in July.</p><p><blockquote>这一挑战是在亚马逊欧盟总部所在地卢森堡数据保护监管机构CNPD于7月份对这家美国科技巨头处以罚款之后提出的。</blockquote></p><p> The regulator ruled that Amazon violated the bloc’s General Data Protection Regulation, or GDPR, through its processing of users’ personal data. &nbsp;The decision was triggered by a 2018 complaint from French privacy rights group La Quadrature du Net.</p><p><blockquote>监管机构裁定亚马逊处理用户个人数据违反了欧盟的通用数据保护条例（GDPR）。这一决定是由法国隐私权利组织La Quadrature du Net 2018年的投诉引发的。</blockquote></p><p> The world’s biggest online retailer has drawn scrutiny in recent years for the vast trove of data it has amassed on a range of customers and partners, including independent merchants who sell on its retail marketplace, users of its Alexa digital assistant, and shoppers whose browsing and purchase history inform what Amazon shows them on its website.</p><p><blockquote>近年来，这家全球最大的在线零售商因其收集的一系列客户和合作伙伴的大量数据而受到密切关注，其中包括在其零售市场上销售的独立商家、Alexa数字助理的用户以及浏览和购买历史记录告知亚马逊在其网站上向他们展示的内容。</blockquote></p><p> Amazon declined to comment on the appeal, but referred to a previous statement in July that “there has been no data breach, and no customer data has been exposed to any third party.”</p><p><blockquote>亚马逊拒绝对上诉发表评论，但提到了7月份的一份声明，即“没有发生数据泄露事件，也没有客户数据暴露给任何第三方。”</blockquote></p><p> Amazon previously said it “strongly” disagreed with the Luxembourg authority’s findings.</p><p><blockquote>亚马逊此前表示，“强烈”不同意卢森堡当局的调查结果。</blockquote></p><p> The company says it collects data to improve the customer experience, and sets guidelines governing what employees can do with it. Some lawmakers and regulators have raised concerns that the company has used what it knows to give itself an unfair advantage in the marketplace.</p><p><blockquote>该公司表示，它收集数据是为了改善客户体验，并制定指导方针来管理员工可以利用这些数据做什么。一些立法者和监管机构担心该公司利用其所知道的信息在市场上为自己带来不公平的优势。</blockquote></p><p> EU data protection regulators’ powers have increased significantly since the bloc’s GDPR rules took effect in May 2018. The law allows watchdogs to levy fines of as much as 4% of a company’s annual global sales.</p><p><blockquote>自2018年5月欧盟GDPR规则生效以来，欧盟数据保护监管机构的权力显着增加。该法律允许监管机构征收高达公司全球年销售额4%的罚款。</blockquote></p><p> The privacy probe adds to intense&nbsp;antitrust scrutiny&nbsp;of Amazon’s business in Europe. Amazon is being probed by the EU over its use of data from sellers on its platform and whether it unfairly favors its own products. Germany has multiple probes into Amazon’s sales. The U.K. is also examining similar issues to the EU.</p><p><blockquote>隐私调查加剧了对亚马逊欧洲业务的严格反垄断审查。亚马逊因使用其平台上卖家的数据以及是否不公平地偏袒自己的产品而受到欧盟的调查。德国对亚马逊的销售进行了多项调查。英国也在研究与欧盟类似的问题。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180900172","content_text":"Amazon stock rose 1.5% in morning trading after challenging record $865 million EU data-protection fine.\n\nAmazon.com Inc. appealed a record 746 million-euro ($865 million) penalty for allegedly violating the European Union’s tough data-protection rules.\nThe appeal was filed at the Luxembourg Administrative Tribunal on Friday, according to Luxembourg court spokesman Henri Eippers.\nThe challenge comes after CNPD, Luxembourg’s data protection regulator, where Amazon has its EU base,slapped the U.S. tech giant with the fine in July.\nThe regulator ruled that Amazon violated the bloc’s General Data Protection Regulation, or GDPR, through its processing of users’ personal data.  The decision was triggered by a 2018 complaint from French privacy rights group La Quadrature du Net.\nThe world’s biggest online retailer has drawn scrutiny in recent years for the vast trove of data it has amassed on a range of customers and partners, including independent merchants who sell on its retail marketplace, users of its Alexa digital assistant, and shoppers whose browsing and purchase history inform what Amazon shows them on its website.\nAmazon declined to comment on the appeal, but referred to a previous statement in July that “there has been no data breach, and no customer data has been exposed to any third party.”\nAmazon previously said it “strongly” disagreed with the Luxembourg authority’s findings.\nThe company says it collects data to improve the customer experience, and sets guidelines governing what employees can do with it. Some lawmakers and regulators have raised concerns that the company has used what it knows to give itself an unfair advantage in the marketplace.\nEU data protection regulators’ powers have increased significantly since the bloc’s GDPR rules took effect in May 2018. The law allows watchdogs to levy fines of as much as 4% of a company’s annual global sales.\nThe privacy probe adds to intense antitrust scrutiny of Amazon’s business in Europe. Amazon is being probed by the EU over its use of data from sellers on its platform and whether it unfairly favors its own products. Germany has multiple probes into Amazon’s sales. The U.K. is also examining similar issues to the EU.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":823401649,"gmtCreate":1633652290724,"gmtModify":1633652291437,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"I was hoping for a stock split 😢","listText":"I was hoping for a stock split 😢","text":"I was hoping for a stock split 😢","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/823401649","repostId":"1163216677","repostType":4,"repost":{"id":"1163216677","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1633651933,"share":"https://www.laohu8.com/m/news/1163216677?lang=zh_CN&edition=full","pubTime":"2021-10-08 08:12","market":"us","language":"en","title":"Tesla Annual Shareholders Meeting Takeaways: Headquarters To Texas, No Stock Split, Cybertruck And More<blockquote>特斯拉年度股东大会要点：总部迁至德克萨斯、不拆股、Cybertruck等</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163216677","media":"Benzinga","summary":"Tesla Inc's annual shareholders meeting is taking place Thursday evening.Below are some of the quick highlights from the meeting, courtesy of Benzinga Pro.Tesla Says Shareholders Have Approved Recommendations From Tesla Board On All Accounts Except Item 2, Item 5 And Item 6. Elon Musk Says Goal Is To Make Vehicle Prices As Affordable As Possible. Musk Says 'As many batteries you want to produce and sell to us at an affordable price, we'll buy'. Musk Says Fundamental Value Of Tesla Is 'How quickl","content":"<p><b>Tesla Inc's</b>&nbsp;annual shareholders meeting&nbsp;is taking place Thursday evening.</p><p><blockquote><b>特斯拉公司</b>年度股东大会将于周四晚上举行。</blockquote></p><p> Below are some of the quick highlights from the meeting, courtesy of&nbsp;Benzinga Pro.</p><p><blockquote>以下是会议的一些快速亮点，由Benzinga Pro提供。</blockquote></p><p> <ul>  <li>Tesla Says Shareholders Have Approved Recommendations From Tesla Board On All Accounts Except&nbsp;Item 2, Item 5 And Item 6</li>  <li>Elon Musk Says Goal Is To Make Vehicle Prices As Affordable As Possible</li>  <li>Musk Says 'As many batteries you want to produce and sell to us at an affordable price, we'll buy'</li>  <li>Musk Says Fundamental Value Of Tesla Is 'How quickly did we accelerate sustainable energy?'</li>  <li>Expects To Increase Fremont Output By 50%</li>  <li>Musk Says Model Y To Be Best-Selling Vehicle By Volume By 2023</li>  <li>Cybertruck Will Enter Production In 2022, Will Reach Volume Production In 2023</li>  <li>Expects Roadster To Also Begin Production In 2023</li>  <li>Musk Says Company Is Not Contemplating Stock Split And No Plans To Offer Dividends</li>  <li>Musk Says Might Start Scouting For Locations For Another Factory 'Next Year'</li>  <li>Musk Says, Eventually, Tesla Will Make All Variants Of Vehicles, Says 'Why not?'</li>  <li>Company Will Move Headquarters To Austin, Texas</li> </ul> Tesla's stock closed Thursday's session up 1.4% at $793.61.</p><p><blockquote><ul><li>特斯拉表示，股东已批准特斯拉董事会对除第2项、第5项和第6项以外的所有账户的建议</li><li>埃隆·马斯克表示目标是让汽车价格尽可能实惠</li><li>马斯克表示，“你想生产多少电池并以实惠的价格卖给我们，我们就会购买多少电池”</li><li>马斯克表示，特斯拉的基本价值是“我们加速可持续能源的速度有多快？”</li><li>预计弗里蒙特产量将增加50%</li><li>马斯克表示Model Y到2023年将成为销量最畅销的汽车</li><li>Cybertruck 2022年投产2023年将实现量产</li><li>预计Roadster也将于2023年开始生产</li><li>马斯克表示公司不考虑股票分割，也没有计划派发股息</li><li>马斯克表示可能“明年”开始寻找另一家工厂的选址</li><li>马斯克表示，最终，特斯拉将生产所有车型，并表示“为什么不呢？”</li><li>公司将把总部迁至德克萨斯州奥斯汀</li></ul>特斯拉股价周四收盘上涨1.4%，至793.61美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Annual Shareholders Meeting Takeaways: Headquarters To Texas, No Stock Split, Cybertruck And More<blockquote>特斯拉年度股东大会要点：总部迁至德克萨斯、不拆股、Cybertruck等</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\">\nTesla Annual Shareholders Meeting Takeaways: Headquarters To Texas, No Stock Split, Cybertruck And More<blockquote>特斯拉年度股东大会要点：总部迁至德克萨斯、不拆股、Cybertruck等</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-10-08 08:12</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>Tesla Inc's</b>&nbsp;annual shareholders meeting&nbsp;is taking place Thursday evening.</p><p><blockquote><b>特斯拉公司</b>年度股东大会将于周四晚上举行。</blockquote></p><p> Below are some of the quick highlights from the meeting, courtesy of&nbsp;Benzinga Pro.</p><p><blockquote>以下是会议的一些快速亮点，由Benzinga Pro提供。</blockquote></p><p> <ul>  <li>Tesla Says Shareholders Have Approved Recommendations From Tesla Board On All Accounts Except&nbsp;Item 2, Item 5 And Item 6</li>  <li>Elon Musk Says Goal Is To Make Vehicle Prices As Affordable As Possible</li>  <li>Musk Says 'As many batteries you want to produce and sell to us at an affordable price, we'll buy'</li>  <li>Musk Says Fundamental Value Of Tesla Is 'How quickly did we accelerate sustainable energy?'</li>  <li>Expects To Increase Fremont Output By 50%</li>  <li>Musk Says Model Y To Be Best-Selling Vehicle By Volume By 2023</li>  <li>Cybertruck Will Enter Production In 2022, Will Reach Volume Production In 2023</li>  <li>Expects Roadster To Also Begin Production In 2023</li>  <li>Musk Says Company Is Not Contemplating Stock Split And No Plans To Offer Dividends</li>  <li>Musk Says Might Start Scouting For Locations For Another Factory 'Next Year'</li>  <li>Musk Says, Eventually, Tesla Will Make All Variants Of Vehicles, Says 'Why not?'</li>  <li>Company Will Move Headquarters To Austin, Texas</li> </ul> Tesla's stock closed Thursday's session up 1.4% at $793.61.</p><p><blockquote><ul><li>特斯拉表示，股东已批准特斯拉董事会对除第2项、第5项和第6项以外的所有账户的建议</li><li>埃隆·马斯克表示目标是让汽车价格尽可能实惠</li><li>马斯克表示，“你想生产多少电池并以实惠的价格卖给我们，我们就会购买多少电池”</li><li>马斯克表示，特斯拉的基本价值是“我们加速可持续能源的速度有多快？”</li><li>预计弗里蒙特产量将增加50%</li><li>马斯克表示Model Y到2023年将成为销量最畅销的汽车</li><li>Cybertruck 2022年投产2023年将实现量产</li><li>预计Roadster也将于2023年开始生产</li><li>马斯克表示公司不考虑股票分割，也没有计划派发股息</li><li>马斯克表示可能“明年”开始寻找另一家工厂的选址</li><li>马斯克表示，最终，特斯拉将生产所有车型，并表示“为什么不呢？”</li><li>公司将把总部迁至德克萨斯州奥斯汀</li></ul>特斯拉股价周四收盘上涨1.4%，至793.61美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163216677","content_text":"Tesla Inc's annual shareholders meeting is taking place Thursday evening.\nBelow are some of the quick highlights from the meeting, courtesy of Benzinga Pro.\n\nTesla Says Shareholders Have Approved Recommendations From Tesla Board On All Accounts Except Item 2, Item 5 And Item 6\nElon Musk Says Goal Is To Make Vehicle Prices As Affordable As Possible\nMusk Says 'As many batteries you want to produce and sell to us at an affordable price, we'll buy'\nMusk Says Fundamental Value Of Tesla Is 'How quickly did we accelerate sustainable energy?'\nExpects To Increase Fremont Output By 50%\nMusk Says Model Y To Be Best-Selling Vehicle By Volume By 2023\nCybertruck Will Enter Production In 2022, Will Reach Volume Production In 2023\nExpects Roadster To Also Begin Production In 2023\nMusk Says Company Is Not Contemplating Stock Split And No Plans To Offer Dividends\nMusk Says Might Start Scouting For Locations For Another Factory 'Next Year'\nMusk Says, Eventually, Tesla Will Make All Variants Of Vehicles, Says 'Why not?'\nCompany Will Move Headquarters To Austin, Texas\n\nTesla's stock closed Thursday's session up 1.4% at $793.61.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":895356878,"gmtCreate":1628725923694,"gmtModify":1633744869826,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"Go Nio Go!!!!!!&nbsp;","listText":"Go Nio Go!!!!!!&nbsp;","text":"Go Nio Go!!!!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/895356878","repostId":"1106699544","repostType":4,"repost":{"id":"1106699544","kind":"news","pubTimestamp":1628723648,"share":"https://www.laohu8.com/m/news/1106699544?lang=zh_CN&edition=full","pubTime":"2021-08-12 07:14","market":"hk","language":"en","title":"Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises<blockquote>蔚来股票：随着收入增长，电动汽车制造商第二季度亏损收窄</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106699544","media":"The Street","summary":"Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.Nio  -Get Report posted better-than-expected second-quarter earnings Wednesday as the Chinese electric vehicle company reported a jump in revenue and raised its guidance.Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.Nio reported a net loss of 7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.Rev","content":"<p>  Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.  Nio&nbsp;(<b>NIO</b>) -Get Report&nbsp;posted better-than-expected second-quarter earnings Wednesday as&nbsp;the Chinese electric vehicle company reported a jump in revenue and raised its guidance.</p><p><blockquote>蔚来第二季度汽车销量飙升127%，超出华尔街预期。蔚来(<b>蔚来</b>)-Get Report周三公布了好于预期的第二季度收益，这家中国电动汽车公司报告收入大幅增长并上调了指引。</blockquote></p><p> Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.<img src=\"https://static.tigerbbs.com/a746dc007dc46d29bf188a45bbc86aec\" tg-width=\"708\" tg-height=\"524\" referrerpolicy=\"no-referrer\">Nio reported a net loss of&nbsp;7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.</p><p><blockquote>这家上海公司的股价在盘后交易中基本持平于43.99美元。蔚来报告每股净亏损7美分。调整后每股亏损为3美分。FactSet调查的分析师预计每股亏损9美分。</blockquote></p><p> Revenue totaled $1.31 billion, up 127.2% from a year ago. The FactSet consensus called for revenue of $1.30 billion.<img src=\"https://static.tigerbbs.com/63e109b5f649ae97d7a9d377b88b71e9\" tg-width=\"1797\" tg-height=\"471\" referrerpolicy=\"no-referrer\">Vehicle sales came to $1.23 billion, up 127% from a year ago.</p><p><blockquote>收入总计13.1亿美元，同比增长127.2%。FactSet共识要求收入为13亿美元。汽车销售额达到12.3亿美元，同比增长127%。</blockquote></p><p> The company said the increase in vehicle sales in the quarter was mainly attributed to higher deliveries achieved from more product mix offered to Nio's users.</p><p><blockquote>该公司表示，本季度汽车销量的增长主要归因于向蔚来用户提供的更多产品组合实现了更高的交付量。</blockquote></p><p> Niodelivered 7,931 vehicles in July, up 124.5% year-over-year,&nbsp;but down 1.9% from 8,083 in June.<img src=\"https://static.tigerbbs.com/8bf75d58d683b265aadac1f3bad5be7c\" tg-width=\"1690\" tg-height=\"245\" referrerpolicy=\"no-referrer\">For the third quarter, Nio is said it expects to deliver between 23,00 and 25,000 vehicles, up 88.4% to 104.8% from a year ago.</p><p><blockquote>蔚来汽车7月份交付了7,931辆汽车，同比增长124.5%，但较6月份的8,083辆下降了1.9%。蔚来表示，第三季度预计将交付23,000至25,000辆汽车，同比增长88.4%至104.8%。</blockquote></p><p> Revenue for the third quarter is expected to range from $1.38 billion to $1.49 billion, up 96.9% to 112.8% from a year ago.&nbsp;FactSet is calling for revenue of $1.32 billion.</p><p><blockquote>第三季度营收预计在13.8亿美元至14.9亿美元之间，同比增长96.9%至112.8%。FactSet预计营收为13.2亿美元。</blockquote></p><p> William Bin Li, Nio's founder, chairman and CEO, said in a statement that the company achieved&nbsp;a record-high quarterly delivery of 21,896 vehicles in the second quarter of 2021:</p><p><blockquote>蔚来创始人、董事长兼首席执行官William Bin Li在一份声明中表示，该公司在2021年第二季度实现了创纪录的21896辆季度交付量：</blockquote></p><p> \"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,\" Bin said. \"We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan.\"</p><p><blockquote>“虽然全球供应链仍面临不确定性，但我们一直在与合作伙伴密切合作，以提高整体供应链生产能力，”Bin说。“我们的目标是在2022年交付三款基于蔚来技术平台2.0的新产品，包括旗舰级高端智能电动轿车ET7。”</blockquote></p><p> Steven Wei Feng, Nio's chief financial officer, said&nbsp;vehicle margin and gross margin reached 20.3% and 18.6% respectively.</p><p><blockquote>蔚来首席财务官Steven Wei Feng表示，整车利润率和毛利率分别达到20.3%和18.6%。</blockquote></p><p> The increase of vehicle margin was mainly driven by the increase of vehicle delivery volume, higher average selling price, as well as lower material cost, the company said.</p><p><blockquote>该公司表示，车辆利润率的增长主要是由于车辆交付量的增加、平均售价的提高以及材料成本的降低。</blockquote></p><p> Last month, Nio&nbsp;saidthat by the end of 2025it planned to add 3,700 battery-swap stations, which would give it 4,000.</p><p><blockquote>上个月，蔚来表示，计划到2025年底增加3,700个电池交换站，这将使其达到4,000个。</blockquote></p><p></p>","source":"lsy1610613172068","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>Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises<blockquote>蔚来股票：随着收入增长，电动汽车制造商第二季度亏损收窄</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\">\nNio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises<blockquote>蔚来股票：随着收入增长，电动汽车制造商第二季度亏损收窄</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-08-12 07:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.  Nio&nbsp;(<b>NIO</b>) -Get Report&nbsp;posted better-than-expected second-quarter earnings Wednesday as&nbsp;the Chinese electric vehicle company reported a jump in revenue and raised its guidance.</p><p><blockquote>蔚来第二季度汽车销量飙升127%，超出华尔街预期。蔚来(<b>蔚来</b>)-Get Report周三公布了好于预期的第二季度收益，这家中国电动汽车公司报告收入大幅增长并上调了指引。</blockquote></p><p> Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.<img src=\"https://static.tigerbbs.com/a746dc007dc46d29bf188a45bbc86aec\" tg-width=\"708\" tg-height=\"524\" referrerpolicy=\"no-referrer\">Nio reported a net loss of&nbsp;7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.</p><p><blockquote>这家上海公司的股价在盘后交易中基本持平于43.99美元。蔚来报告每股净亏损7美分。调整后每股亏损为3美分。FactSet调查的分析师预计每股亏损9美分。</blockquote></p><p> Revenue totaled $1.31 billion, up 127.2% from a year ago. The FactSet consensus called for revenue of $1.30 billion.<img src=\"https://static.tigerbbs.com/63e109b5f649ae97d7a9d377b88b71e9\" tg-width=\"1797\" tg-height=\"471\" referrerpolicy=\"no-referrer\">Vehicle sales came to $1.23 billion, up 127% from a year ago.</p><p><blockquote>收入总计13.1亿美元，同比增长127.2%。FactSet共识要求收入为13亿美元。汽车销售额达到12.3亿美元，同比增长127%。</blockquote></p><p> The company said the increase in vehicle sales in the quarter was mainly attributed to higher deliveries achieved from more product mix offered to Nio's users.</p><p><blockquote>该公司表示，本季度汽车销量的增长主要归因于向蔚来用户提供的更多产品组合实现了更高的交付量。</blockquote></p><p> Niodelivered 7,931 vehicles in July, up 124.5% year-over-year,&nbsp;but down 1.9% from 8,083 in June.<img src=\"https://static.tigerbbs.com/8bf75d58d683b265aadac1f3bad5be7c\" tg-width=\"1690\" tg-height=\"245\" referrerpolicy=\"no-referrer\">For the third quarter, Nio is said it expects to deliver between 23,00 and 25,000 vehicles, up 88.4% to 104.8% from a year ago.</p><p><blockquote>蔚来汽车7月份交付了7,931辆汽车，同比增长124.5%，但较6月份的8,083辆下降了1.9%。蔚来表示，第三季度预计将交付23,000至25,000辆汽车，同比增长88.4%至104.8%。</blockquote></p><p> Revenue for the third quarter is expected to range from $1.38 billion to $1.49 billion, up 96.9% to 112.8% from a year ago.&nbsp;FactSet is calling for revenue of $1.32 billion.</p><p><blockquote>第三季度营收预计在13.8亿美元至14.9亿美元之间，同比增长96.9%至112.8%。FactSet预计营收为13.2亿美元。</blockquote></p><p> William Bin Li, Nio's founder, chairman and CEO, said in a statement that the company achieved&nbsp;a record-high quarterly delivery of 21,896 vehicles in the second quarter of 2021:</p><p><blockquote>蔚来创始人、董事长兼首席执行官William Bin Li在一份声明中表示，该公司在2021年第二季度实现了创纪录的21896辆季度交付量：</blockquote></p><p> \"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,\" Bin said. \"We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan.\"</p><p><blockquote>“虽然全球供应链仍面临不确定性，但我们一直在与合作伙伴密切合作，以提高整体供应链生产能力，”Bin说。“我们的目标是在2022年交付三款基于蔚来技术平台2.0的新产品，包括旗舰级高端智能电动轿车ET7。”</blockquote></p><p> Steven Wei Feng, Nio's chief financial officer, said&nbsp;vehicle margin and gross margin reached 20.3% and 18.6% respectively.</p><p><blockquote>蔚来首席财务官Steven Wei Feng表示，整车利润率和毛利率分别达到20.3%和18.6%。</blockquote></p><p> The increase of vehicle margin was mainly driven by the increase of vehicle delivery volume, higher average selling price, as well as lower material cost, the company said.</p><p><blockquote>该公司表示，车辆利润率的增长主要是由于车辆交付量的增加、平均售价的提高以及材料成本的降低。</blockquote></p><p> Last month, Nio&nbsp;saidthat by the end of 2025it planned to add 3,700 battery-swap stations, which would give it 4,000.</p><p><blockquote>上个月，蔚来表示，计划到2025年底增加3,700个电池交换站，这将使其达到4,000个。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/nio-stock-ev-makers-second-quarter-loss-narrows-as-revenue-rises\">The Street</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":{"NIO":"蔚来"},"source_url":"https://www.thestreet.com/investing/nio-stock-ev-makers-second-quarter-loss-narrows-as-revenue-rises","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106699544","content_text":"Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.\n\nNio (NIO) -Get Report posted better-than-expected second-quarter earnings Wednesday as the Chinese electric vehicle company reported a jump in revenue and raised its guidance.\nShares of the Shanghai company were essentially flat at $43.99 in after-hours trading.Nio reported a net loss of 7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.\nRevenue totaled $1.31 billion, up 127.2% from a year ago. The FactSet consensus called for revenue of $1.30 billion.Vehicle sales came to $1.23 billion, up 127% from a year ago.\nThe company said the increase in vehicle sales in the quarter was mainly attributed to higher deliveries achieved from more product mix offered to Nio's users.\nNiodelivered 7,931 vehicles in July, up 124.5% year-over-year, but down 1.9% from 8,083 in June.For the third quarter, Nio is said it expects to deliver between 23,00 and 25,000 vehicles, up 88.4% to 104.8% from a year ago.\nRevenue for the third quarter is expected to range from $1.38 billion to $1.49 billion, up 96.9% to 112.8% from a year ago. FactSet is calling for revenue of $1.32 billion.\nWilliam Bin Li, Nio's founder, chairman and CEO, said in a statement that the company achieved a record-high quarterly delivery of 21,896 vehicles in the second quarter of 2021:\n\"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,\" Bin said. \"We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan.\"\nSteven Wei Feng, Nio's chief financial officer, said vehicle margin and gross margin reached 20.3% and 18.6% respectively.\nThe increase of vehicle margin was mainly driven by the increase of vehicle delivery volume, higher average selling price, as well as lower material cost, the company said.\nLast month, Nio saidthat by the end of 2025it planned to add 3,700 battery-swap stations, which would give it 4,000.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899873317,"gmtCreate":1628175651339,"gmtModify":1633752900374,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"Go tesla go","listText":"Go tesla go","text":"Go tesla go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899873317","repostId":"1173170520","repostType":4,"isVote":1,"tweetType":1,"viewCount":537,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800645587,"gmtCreate":1627301471349,"gmtModify":1633766381597,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"To the mooooooooooon","listText":"To the mooooooooooon","text":"To the mooooooooooon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/800645587","repostId":"1151724613","repostType":4,"repost":{"id":"1151724613","kind":"news","pubTimestamp":1627292512,"share":"https://www.laohu8.com/m/news/1151724613?lang=zh_CN&edition=full","pubTime":"2021-07-26 17:41","market":"us","language":"en","title":"Tesla Reports Earnings Today. Here's What Matters Most.<blockquote>特斯拉今天公布财报。这是最重要的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151724613","media":"Barrons","summary":"Tesla is set to report second-quarter earnings Monday. Get ready for a very complicated report.\nThe ","content":"<p>Tesla is set to report second-quarter earnings Monday. Get ready for a very complicated report.</p><p><blockquote>特斯拉将于周一公布第二季度收益。准备好一份非常复杂的报告。</blockquote></p><p> The EV pioneer will report after the close of trading on Monday, July 26. Wall Street is looking for Tesla (ticker: TSLA) to report about 94 cents in per-share earnings from $11.5 billion in sales, according to FactSet. Beating analyst estimates is important, almost required, for any stock to remain stable in post-earnings trading. That’s true for Tesla as well.</p><p><blockquote>这家电动汽车先驱将于7月26日星期一收盘后发布报告。FactSet的数据显示，华尔街预计特斯拉（股票代码：TSLA）的销售额为115亿美元，每股收益约为94美分。对于任何股票在财报后交易中保持稳定来说，超出分析师预期非常重要，几乎是必需的。特斯拉也是如此。</blockquote></p><p> There will be a lot of moving parts, however, even more than usual for the world’s most valuable&nbsp;car company&nbsp;and its iconoclast CEO&nbsp;Elon Musk.</p><p><blockquote>然而，对于这家世界上最有价值的汽车公司及其打破传统的首席执行官埃隆·马斯克来说，将会有很多活动部件，甚至比平时更多。</blockquote></p><p> Factors that will contribute to bottom-line earnings include the global&nbsp;semiconductor&nbsp;shortage,vehicle pricing, vehicle gross profit margins, and the level of profitability in Tesla’s battery storage business. In the end, however, investors will want to see a record in operating profits—no matter how it happens. That’s what could break shares out of their recent range.</p><p><blockquote>影响底线收益的因素包括全球半导体短缺、汽车定价、汽车毛利率以及特斯拉电池存储业务的盈利水平。然而，最终，投资者将希望看到营业利润创纪录——无论它如何发生。这可能会使股价突破近期区间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d908f359ce3333ed256684e007ff74d0\" tg-width=\"871\" tg-height=\"580\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Tesla reported more than $800 million in operating profits in the 2020 third quarter, and the stock more than doubled to around $860 in the three-month span that followed. But since operating profit growth largely paused in the subsequent quarters, shares have traded down from roughly $860 to around $640 recently. Profit stagnation has meant stock stagnation, too.</p><p><blockquote>特斯拉公布2020年第三季度营业利润超过8亿美元，该股在随后的三个月内上涨了一倍多，达到860美元左右。但由于随后几个季度营业利润增长基本暂停，股价最近已从约860美元跌至约640美元。利润停滞也意味着股票停滞。</blockquote></p><p> The good news for Tesla bulls is Wall Street is projecting a fresh record: Operating profit is expected to be $835 million for the second quarter, driven by strong deliveries. The 2021 second quarter marked the first time Tesla delivered&nbsp;more than 200,000&nbsp;vehicles in a single quarter.</p><p><blockquote>对于特斯拉多头来说，好消息是华尔街预计将创下新纪录：在强劲交付的推动下，第二季度营业利润预计为8.35亿美元。2021年第二季度是特斯拉单季度交付量首次超过20万辆。</blockquote></p><p> After earnings are digested, there should be endless arguments among bulls and bears about the quality of earnings. For instance, one way Tesla generates sales is by selling regulatory credits—which it earns by producing more than its fair share of electric vehicles. The company generated $518 million in first-quarter credit sales, which helped Tesla&nbsp;beat earnings&nbsp;estimates. There is always debate about what is the “normal” amount of credit sales and when will those sales dry up. Eventually, both the bulls and bears expect other auto makers to sell their own EVs, cutting off that source of revenue for Tesla.</p><p><blockquote>在盈利被消化后，多头和空头之间应该会对盈利质量争论不休。例如，特斯拉创造销售的一种方式是出售监管信用——它通过生产超过其公平份额的电动汽车来赚取监管信用。该公司第一季度信贷销售额为5.18亿美元，这帮助特斯拉超出了盈利预期。关于什么是“正常”的信贷销售金额以及这些销售何时会枯竭，一直存在争议。最终，多头和空头都预计其他汽车制造商将销售自己的电动汽车，从而切断特斯拉的收入来源。</blockquote></p><p> There is also the issue&nbsp;of Bitcoin. Tesla recognized a small gain on its Bitcoin holdings in the first quarter, but the cryptocurrency’s prices have fallen by roughly half since their April peak. That means there is a chance of a small loss. How investors react is anyone’s guess, but don’t expect Tesla to sell out of its Bitcoin position. Musk continues to indicate his company will transact in the cryptocurrency when Bitcoin mining uses more sustainable power.</p><p><blockquote>还有比特币的问题。特斯拉第一季度比特币持有量小幅增长，但该加密货币的价格自4月份的峰值以来已下跌约一半。这意味着有可能会有一点损失。投资者的反应谁也说不准，但不要指望特斯拉会抛售其比特币头寸。马斯克继续表示，当比特币矿业使用更可持续的电力时，他的公司将以加密货币进行交易。</blockquote></p><p> Investors will also want to know when Tesla’s new Germany plant and Austin, Texas facility will start delivering cars. The Austin plant will build Tesla’s&nbsp;Cybertruck. There will also likely be questions about advances in Tesla’s driver-assistance functions—the company recently started selling its driver-assistance software&nbsp;as a subscription—and how much money the company could make from its charging network. Musk tweeted this week Tesla would open its&nbsp;charging network&nbsp;to other EVs down the road.</p><p><blockquote>投资者还想知道特斯拉的新德国工厂和德克萨斯奥斯丁工厂何时开始交付汽车。奥斯丁工厂将生产特斯拉的Cybertruck。人们还可能会对特斯拉驾驶辅助功能的进步产生疑问——该公司最近开始以订阅形式销售其驾驶辅助软件——以及该公司可以从其充电网络中赚多少钱。马斯克本周在推特上表示，特斯拉将向其他电动汽车开放其充电网络。</blockquote></p><p> Those topics and more should be discussed on the earnings&nbsp;conference call&nbsp;scheduled for 5:30 p.m. ET on Monday. Year to date, Tesla stock is down roughly 9%, trailing behind comparable 17% and 15% respective gains of the&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average.Still, Tesla shares have had a strong run, up about 112% over the past 12 months.</p><p><blockquote>这些话题以及更多话题应该在定于下午5:30举行的收益电话会议上讨论。美国东部时间周一。今年迄今为止，特斯拉股价已下跌约9%，落后于标准普尔500指数和道琼斯工业平均指数分别17%和15%的涨幅。尽管如此，特斯拉股价仍表现强劲，在过去12个月内上涨了约112%。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Reports Earnings Today. Here's What Matters Most.<blockquote>特斯拉今天公布财报。这是最重要的。</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\">\nTesla Reports Earnings Today. Here's What Matters Most.<blockquote>特斯拉今天公布财报。这是最重要的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-26 17:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla is set to report second-quarter earnings Monday. Get ready for a very complicated report.</p><p><blockquote>特斯拉将于周一公布第二季度收益。准备好一份非常复杂的报告。</blockquote></p><p> The EV pioneer will report after the close of trading on Monday, July 26. Wall Street is looking for Tesla (ticker: TSLA) to report about 94 cents in per-share earnings from $11.5 billion in sales, according to FactSet. Beating analyst estimates is important, almost required, for any stock to remain stable in post-earnings trading. That’s true for Tesla as well.</p><p><blockquote>这家电动汽车先驱将于7月26日星期一收盘后发布报告。FactSet的数据显示，华尔街预计特斯拉（股票代码：TSLA）的销售额为115亿美元，每股收益约为94美分。对于任何股票在财报后交易中保持稳定来说，超出分析师预期非常重要，几乎是必需的。特斯拉也是如此。</blockquote></p><p> There will be a lot of moving parts, however, even more than usual for the world’s most valuable&nbsp;car company&nbsp;and its iconoclast CEO&nbsp;Elon Musk.</p><p><blockquote>然而，对于这家世界上最有价值的汽车公司及其打破传统的首席执行官埃隆·马斯克来说，将会有很多活动部件，甚至比平时更多。</blockquote></p><p> Factors that will contribute to bottom-line earnings include the global&nbsp;semiconductor&nbsp;shortage,vehicle pricing, vehicle gross profit margins, and the level of profitability in Tesla’s battery storage business. In the end, however, investors will want to see a record in operating profits—no matter how it happens. That’s what could break shares out of their recent range.</p><p><blockquote>影响底线收益的因素包括全球半导体短缺、汽车定价、汽车毛利率以及特斯拉电池存储业务的盈利水平。然而，最终，投资者将希望看到营业利润创纪录——无论它如何发生。这可能会使股价突破近期区间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d908f359ce3333ed256684e007ff74d0\" tg-width=\"871\" tg-height=\"580\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Tesla reported more than $800 million in operating profits in the 2020 third quarter, and the stock more than doubled to around $860 in the three-month span that followed. But since operating profit growth largely paused in the subsequent quarters, shares have traded down from roughly $860 to around $640 recently. Profit stagnation has meant stock stagnation, too.</p><p><blockquote>特斯拉公布2020年第三季度营业利润超过8亿美元，该股在随后的三个月内上涨了一倍多，达到860美元左右。但由于随后几个季度营业利润增长基本暂停，股价最近已从约860美元跌至约640美元。利润停滞也意味着股票停滞。</blockquote></p><p> The good news for Tesla bulls is Wall Street is projecting a fresh record: Operating profit is expected to be $835 million for the second quarter, driven by strong deliveries. The 2021 second quarter marked the first time Tesla delivered&nbsp;more than 200,000&nbsp;vehicles in a single quarter.</p><p><blockquote>对于特斯拉多头来说，好消息是华尔街预计将创下新纪录：在强劲交付的推动下，第二季度营业利润预计为8.35亿美元。2021年第二季度是特斯拉单季度交付量首次超过20万辆。</blockquote></p><p> After earnings are digested, there should be endless arguments among bulls and bears about the quality of earnings. For instance, one way Tesla generates sales is by selling regulatory credits—which it earns by producing more than its fair share of electric vehicles. The company generated $518 million in first-quarter credit sales, which helped Tesla&nbsp;beat earnings&nbsp;estimates. There is always debate about what is the “normal” amount of credit sales and when will those sales dry up. Eventually, both the bulls and bears expect other auto makers to sell their own EVs, cutting off that source of revenue for Tesla.</p><p><blockquote>在盈利被消化后，多头和空头之间应该会对盈利质量争论不休。例如，特斯拉创造销售的一种方式是出售监管信用——它通过生产超过其公平份额的电动汽车来赚取监管信用。该公司第一季度信贷销售额为5.18亿美元，这帮助特斯拉超出了盈利预期。关于什么是“正常”的信贷销售金额以及这些销售何时会枯竭，一直存在争议。最终，多头和空头都预计其他汽车制造商将销售自己的电动汽车，从而切断特斯拉的收入来源。</blockquote></p><p> There is also the issue&nbsp;of Bitcoin. Tesla recognized a small gain on its Bitcoin holdings in the first quarter, but the cryptocurrency’s prices have fallen by roughly half since their April peak. That means there is a chance of a small loss. How investors react is anyone’s guess, but don’t expect Tesla to sell out of its Bitcoin position. Musk continues to indicate his company will transact in the cryptocurrency when Bitcoin mining uses more sustainable power.</p><p><blockquote>还有比特币的问题。特斯拉第一季度比特币持有量小幅增长，但该加密货币的价格自4月份的峰值以来已下跌约一半。这意味着有可能会有一点损失。投资者的反应谁也说不准，但不要指望特斯拉会抛售其比特币头寸。马斯克继续表示，当比特币矿业使用更可持续的电力时，他的公司将以加密货币进行交易。</blockquote></p><p> Investors will also want to know when Tesla’s new Germany plant and Austin, Texas facility will start delivering cars. The Austin plant will build Tesla’s&nbsp;Cybertruck. There will also likely be questions about advances in Tesla’s driver-assistance functions—the company recently started selling its driver-assistance software&nbsp;as a subscription—and how much money the company could make from its charging network. Musk tweeted this week Tesla would open its&nbsp;charging network&nbsp;to other EVs down the road.</p><p><blockquote>投资者还想知道特斯拉的新德国工厂和德克萨斯奥斯丁工厂何时开始交付汽车。奥斯丁工厂将生产特斯拉的Cybertruck。人们还可能会对特斯拉驾驶辅助功能的进步产生疑问——该公司最近开始以订阅形式销售其驾驶辅助软件——以及该公司可以从其充电网络中赚多少钱。马斯克本周在推特上表示，特斯拉将向其他电动汽车开放其充电网络。</blockquote></p><p> Those topics and more should be discussed on the earnings&nbsp;conference call&nbsp;scheduled for 5:30 p.m. ET on Monday. Year to date, Tesla stock is down roughly 9%, trailing behind comparable 17% and 15% respective gains of the&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average.Still, Tesla shares have had a strong run, up about 112% over the past 12 months.</p><p><blockquote>这些话题以及更多话题应该在定于下午5:30举行的收益电话会议上讨论。美国东部时间周一。今年迄今为止，特斯拉股价已下跌约9%，落后于标准普尔500指数和道琼斯工业平均指数分别17%和15%的涨幅。尽管如此，特斯拉股价仍表现强劲，在过去12个月内上涨了约112%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-stock-earnings-preview-51627061822?mod=hp_LEADSUPP_3\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-earnings-preview-51627061822?mod=hp_LEADSUPP_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151724613","content_text":"Tesla is set to report second-quarter earnings Monday. Get ready for a very complicated report.\nThe EV pioneer will report after the close of trading on Monday, July 26. Wall Street is looking for Tesla (ticker: TSLA) to report about 94 cents in per-share earnings from $11.5 billion in sales, according to FactSet. Beating analyst estimates is important, almost required, for any stock to remain stable in post-earnings trading. That’s true for Tesla as well.\nThere will be a lot of moving parts, however, even more than usual for the world’s most valuable car company and its iconoclast CEO Elon Musk.\nFactors that will contribute to bottom-line earnings include the global semiconductor shortage,vehicle pricing, vehicle gross profit margins, and the level of profitability in Tesla’s battery storage business. In the end, however, investors will want to see a record in operating profits—no matter how it happens. That’s what could break shares out of their recent range.\n\nTesla reported more than $800 million in operating profits in the 2020 third quarter, and the stock more than doubled to around $860 in the three-month span that followed. But since operating profit growth largely paused in the subsequent quarters, shares have traded down from roughly $860 to around $640 recently. Profit stagnation has meant stock stagnation, too.\nThe good news for Tesla bulls is Wall Street is projecting a fresh record: Operating profit is expected to be $835 million for the second quarter, driven by strong deliveries. The 2021 second quarter marked the first time Tesla delivered more than 200,000 vehicles in a single quarter.\nAfter earnings are digested, there should be endless arguments among bulls and bears about the quality of earnings. For instance, one way Tesla generates sales is by selling regulatory credits—which it earns by producing more than its fair share of electric vehicles. The company generated $518 million in first-quarter credit sales, which helped Tesla beat earnings estimates. There is always debate about what is the “normal” amount of credit sales and when will those sales dry up. Eventually, both the bulls and bears expect other auto makers to sell their own EVs, cutting off that source of revenue for Tesla.\nThere is also the issue of Bitcoin. Tesla recognized a small gain on its Bitcoin holdings in the first quarter, but the cryptocurrency’s prices have fallen by roughly half since their April peak. That means there is a chance of a small loss. How investors react is anyone’s guess, but don’t expect Tesla to sell out of its Bitcoin position. Musk continues to indicate his company will transact in the cryptocurrency when Bitcoin mining uses more sustainable power.\nInvestors will also want to know when Tesla’s new Germany plant and Austin, Texas facility will start delivering cars. The Austin plant will build Tesla’s Cybertruck. There will also likely be questions about advances in Tesla’s driver-assistance functions—the company recently started selling its driver-assistance software as a subscription—and how much money the company could make from its charging network. Musk tweeted this week Tesla would open its charging network to other EVs down the road.\nThose topics and more should be discussed on the earnings conference call scheduled for 5:30 p.m. ET on Monday. Year to date, Tesla stock is down roughly 9%, trailing behind comparable 17% and 15% respective gains of the S&P 500 and Dow Jones Industrial Average.Still, Tesla shares have had a strong run, up about 112% over the past 12 months.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800929046,"gmtCreate":1627273032285,"gmtModify":1633766628108,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"To the mooooooooon&nbsp;","listText":"To the mooooooooon&nbsp;","text":"To the mooooooooon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/800929046","repostId":"1167843544","repostType":4,"repost":{"id":"1167843544","kind":"news","pubTimestamp":1627266339,"share":"https://www.laohu8.com/m/news/1167843544?lang=zh_CN&edition=full","pubTime":"2021-07-26 10:25","market":"us","language":"en","title":"Here are 8 things investors will be looking for in Tesla's earnings report<blockquote>以下是投资者将在特斯拉收益报告中寻找的8件事</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167843544","media":"CNN","summary":"(CNN)Tesla is the most secretive automaker on the planet, so investors are always eager to pore thro","content":"<p>(CNN)Tesla is the most secretive automaker on the planet, so investors are always eager to pore through its quarterly report and conference call, when they finally can get more than tweet-sized morsels of information.</p><p><blockquote>(CNN)特斯拉是地球上最神秘的汽车制造商，因此投资者总是渴望仔细阅读其季度报告和电话会议，当他们最终可以获得比推文大小更多的信息时。</blockquote></p><p> The last two quarterly results have disappointed them. Shares have fallen nearly 30% from their record high set just ahead of its fourth-quarter report in late January, with more than a third of that slide in share price taking place since the company reported first quarter results in April.</p><p><blockquote>最近两个季度的业绩让他们感到失望。该公司股价较1月底发布第四季度报告前创下的历史高点下跌了近30%，其中超过三分之一的股价跌幅发生在该公司4月份公布第一季度业绩以来。</blockquote></p><p> So whether the best performing stock of 2020 can get back on track will depend greatly on what investors hear Monday evening, when Tesla releases its second quarter results.</p><p><blockquote>因此，2020年表现最好的股票能否重回正轨，将在很大程度上取决于周一晚上特斯拉发布第二季度业绩时投资者听到的消息。</blockquote></p><p> Here are the top issues they'll be looking at:</p><p><blockquote>以下是他们将关注的首要问题：</blockquote></p><p> <h3>How are things going in China?</h3> Unlike other automakers, Tesla normally reports only global numbers, and doesn't break down sales by country or market. But if it wants to assure investors, it may need to give details on its sales in China, which is not only the largest market for all auto sales but also the major market with the greatest share of sales going to EVs.</p><p><blockquote><h3>中国的情况怎么样？</h3>与其他汽车制造商不同，特斯拉通常只报告全球数据，而不按国家或市场细分销量。但如果它想让投资者放心，它可能需要提供其在中国销售的详细信息，中国不仅是所有汽车销售的最大市场，也是电动汽车销售份额最大的主要市场。</blockquote></p><p> Tesla was hit by widespread reports of safety problems in China, including the recall of almost all cars made at its Shanghai factory and a protest by Tesla owners at the Shanghai auto show in April.</p><p><blockquote>特斯拉受到了有关中国安全问题的广泛报道的打击，包括召回其上海工厂生产的几乎所有汽车，以及特斯拉车主在4月份上海车展上的抗议。</blockquote></p><p> \"The China growth stories is the top of the list for Tesla,\" said Dan Ives, tech analyst with Wedbush Securities and a Tesla bull. \"This is their key market, we believe 40% of their sales will come from there next year. I think that's the linchpin to the stock going up or down.\"</p><p><blockquote>Wedbush Securities科技分析师、特斯拉看涨者Dan Ives表示：“中国的增长故事是特斯拉的首选。”“这是他们的关键市场，我们相信明年他们40%的销售额将来自那里。我认为这是股票上涨或下跌的关键。”</blockquote></p><p> Although Chinese sales of EVs from other automakers are reportedly growing, Tesla's China sales fell 9.2%, according to stats cited by Gordon Johnson of GLJ Research, an analyst who is one of Tesla's harshest critics.</p><p><blockquote>GLJ Research分析师戈登·约翰逊(Gordon Johnson)引用的统计数据显示，尽管据报道其他汽车制造商的电动汽车在中国的销量正在增长，但特斯拉在中国的销量却下降了9.2%。戈登·约翰逊是特斯拉最严厉的批评者之一。</blockquote></p><p> \"It seems clear Tesla has a China demand problem,\" he wrote in a recent note. \"Weak second quarter 2021 China domestic sales likely translate into weak second quarter earnings for Tesla.\"</p><p><blockquote>“特斯拉显然存在对华需求问题，”他在最近的一份报告中写道。“2021年第二季度中国国内销售疲软可能会导致特斯拉第二季度盈利疲软。”</blockquote></p><p> <h3>How did it make its profits?</h3> Analysts surveyed by Refinitiv expect Tesla to report adjusted income of more than $1 billion for the second straight quarter, and net income of about $650 million. Both would be records for the company, and would mark the eighth straight quarterly profit after years of losses.</p><p><blockquote><h3>它是如何盈利的？</h3>Refinitiv调查的分析师预计，特斯拉将连续第二个季度报告调整后收入超过10亿美元，净利润约为6.5亿美元。这两项都将创下该公司的纪录，并标志着该公司在多年亏损后连续第八个季度实现盈利。</blockquote></p><p> But Tesla critics point out that its net income has never exceeded the money it gets from selling regulatory tax credits to other automakers for whom EV sales are a very small percentage of their overall sales. Those other automakers use the credits they purchase from Tesla to meet environmental standards, thus avoiding large fines.</p><p><blockquote>但特斯拉的批评者指出，其净利润从未超过向其他汽车制造商出售监管税收抵免所获得的收入，而这些汽车制造商的电动汽车销量仅占其总销量的很小比例。其他汽车制造商使用从特斯拉购买的积分来满足环境标准，从而避免巨额罚款。</blockquote></p><p> Tesla got $518 million from those sales in the first quarter, but even Tesla admits it can't count on those sales to continue as other automakers start to sell more of their own EVs. The company's critics say it is proof that Tesla can't make money just from selling cars.</p><p><blockquote>特斯拉第一季度从这些销售中获得了5.18亿美元，但就连特斯拉也承认，随着其他汽车制造商开始销售更多自己的电动汽车，它不能指望这些销售持续下去。该公司的批评者表示，这证明特斯拉无法仅靠销售汽车赚钱。</blockquote></p><p> If its net income finally does exceed those credits, as the estimates suggest, it will be a significant milestone for the company, Ives said.</p><p><blockquote>艾夫斯表示，如果其净利润最终确实像估计的那样超过这些积分，这对该公司来说将是一个重要的里程碑。</blockquote></p><p> \"That would throw one of the core bear arguments against the stock out the window,\" he said.</p><p><blockquote>“这将把针对该股的核心看跌论点之一抛到九霄云外，”他说。</blockquote></p><p> <h3>What's going on with its bitcoin holdings?</h3> In February, Tesla disclosed it used some of its cash on hand to purchase $1.5 billion in bitcoin. In April, it disclosed that it has sold some of those holdings and booked net income of $101 million from its crypto trading — adding to the argument that the company doesn't make money actually selling cars.</p><p><blockquote><h3>其比特币持股情况如何？</h3>今年2月，特斯拉透露，它使用部分手头现金购买了15亿美元的比特币股票。今年4月，该公司披露已出售部分持股，并从加密货币交易中获得1.01亿美元的净利润，这加剧了该公司实际销售汽车并不赚钱的论点。</blockquote></p><p> The bitcoin transactions made some investors nervous, said Ives, especially since the cryptocurrency has lost more than a third of its value since then.</p><p><blockquote>Ives表示，比特币的交易让一些投资者感到紧张，特别是自那以来，加密货币的价值已经损失了三分之一以上。</blockquote></p><p> <h3>What's going on with supply chain issues?</h3> The entire global auto industry is struggling with a computer chip shortage.</p><p><blockquote><h3>供应链问题是怎么回事？</h3>整个全球汽车行业都在为计算机芯片短缺而苦苦挣扎。</blockquote></p><p> With other automakers ramping up production of their own EVs, Tesla now has greater competition for the raw materials that make up large EVe batteries, such as lithium.</p><p><blockquote>随着其他汽车制造商提高自己的电动汽车产量，特斯拉现在在构成大型电动汽车电池的原材料（例如锂）方面面临着更激烈的竞争。</blockquote></p><p> In May, Musk tweeted that Tesla had to raise the price of its cars because of rising raw material costs. The outlook for raw material prices and the supply of parts such as chips and batteries will be a key to investors' expectations about Tesla sales the rest of this year.</p><p><blockquote>今年5月，马斯克在推特上表示，由于原材料成本上涨，特斯拉不得不提高汽车价格。原材料价格前景以及芯片和电池等零部件供应将是投资者对今年剩余时间特斯拉销量预期的关键。</blockquote></p><p> <h3>What's going on with new plants in Texas and Germany?</h3> Tesla has a track record of getting new plants up and running much faster than traditional automakers.</p><p><blockquote><h3>德克萨斯州和德国的新工厂进展如何？</h3>特斯拉拥有比传统汽车制造商更快地建立和运行新工厂的记录。</blockquote></p><p> It has a plant under construction near Austin, Texas, which will build the Model Y SUV and eventually the Cybertruck pickup, as well as another near Berlin to serve the European market, where it is losing ground on EV sales to Volkswagen (VLKAF).</p><p><blockquote>该公司在德克萨斯州奥斯汀附近有一家正在建设的工厂，将生产Model Y SUV并最终生产Cybertruck皮卡，在柏林附近还有另一家工厂，为欧洲市场提供服务，该公司在欧洲市场的电动汽车销量正在输给大众汽车(VLKAF)。</blockquote></p><p> Having two plants under construction simultaneously is the most ambitious expansion ever for Tesla, and the outlook for when the plants will be up to speed will be a key to investor expectations going forward.</p><p><blockquote>同时建设两座工厂是特斯拉有史以来最雄心勃勃的扩张，工厂何时投产的前景将是投资者未来预期的关键。</blockquote></p><p></p><p> Tesla said in April it expected both plants to have limited production later this year and \"volume production\" in 2022. It did not spell out what that means.</p><p><blockquote>特斯拉在4月份表示，预计这两家工厂将在今年晚些时候限产，并在2022年“量产”。它没有说明这是什么意思。</blockquote></p><p> <h3>What's the latest on the Cybertruck?</h3> With a number of established automakers such as Ford (F) and General Motors (GM) on the verge of selling their own electric pickups, it's important that Tesla get the Cybertruck, its first pickup, into consumers' hands soon. In January, Musk said he was expecting \"volume production\" in 2022.</p><p><blockquote><h3>Cybertruck有什么最新消息？</h3>随着福特(F)和通用(GM)等许多老牌汽车制造商即将销售自己的电动皮卡，特斯拉尽快将其首款皮卡Cybertruck交到消费者手中非常重要。今年1月，马斯克表示，他预计2022年将实现“量产”。</blockquote></p><p> Then in March he tweeted \"Update probably in Q2.\" He said the focus now was getting the Texas plant finished, calling that job a \"beast.\" Investors are anxious to get that update.</p><p><blockquote>然后在三月份，他在推特上写道“可能会在第二季度更新”。他表示，现在的重点是完成德克萨斯州工厂的建设，并称这项工作是“野兽”。投资者渴望获得这一更新。</blockquote></p><p> <h3>What are plans to open Tesla's superchargers to other automakers' EVs.</h3> This past week, Musk said in a tweet that \"we're making our Supercharger network open to other EVs later this year.\" As is often the case when he makes news via tweet, there were no details to help investors assess the business impact of such a move.</p><p><blockquote><h3>向其他汽车制造商的电动汽车开放特斯拉超级充电站的计划是什么？</h3>上周，马斯克在一条推文中表示，“我们将在今年晚些时候向其他电动汽车开放我们的超级充电网络。”正如他通过推特发布新闻时经常出现的情况一样，没有细节可以帮助投资者评估此举的商业影响。</blockquote></p><p> It could be significant. \"By 2030, we conservatively estimate Tesla supercharging revenue of $2.9 billion, a figure which does not include any revenue from non-Tesla vehicles,\" wrote Morgan Stanley auto analyst Adam Jonas in a note following the tweet.</p><p><blockquote>这可能意义重大。摩根士丹利汽车分析师Adam Jonas在推文后的一份报告中写道：“到2030年，我们保守估计特斯拉超级充电营收将达到29亿美元，这一数字不包括任何来自非特斯拉汽车的收入。”</blockquote></p><p> Musk will almost certainly be asked about the plans to open the network to other companies' cars during the conference call.</p><p><blockquote>马斯克几乎肯定会被问及在电话会议期间向其他公司的汽车开放网络的计划。</blockquote></p><p> <h3>What's the outlook for full self-driving cars?</h3> This is one reason Tesla shares have so greatly outperformed traditional auto stocks: the belief of investors that it is closer to offering full self-driving cars, or FSD, than any other companies.</p><p><blockquote><h3>全自动驾驶汽车的前景如何？</h3>这是特斯拉股价大幅跑赢传统汽车股的原因之一：投资者相信它比任何其他公司都更接近提供全自动驾驶汽车（FSD）。</blockquote></p><p> Musk keeps promising advances for versions of FSD in his tweets. And Tesla CFO Zachary Kirkhorn spoke on the last earnings call about the potential for significant revenue from drivers who pay for FSD on a subscription basis.</p><p><blockquote>马斯克在推文中不断承诺FSD版本的进步。特斯拉首席财务官Zachary Kirkhorn在上次财报看涨期权上谈到了通过订阅方式支付FSD费用的司机可能会获得大量收入。</blockquote></p><p> But so far FSD has been more promise than reality. Investors will be eager to hear the latest outlook, and for the revenue that Tesla hopes to gain from it.</p><p><blockquote>但到目前为止，FSD的承诺多于现实。投资者将渴望听到最新的前景，以及特斯拉希望从中获得的收入。</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>Here are 8 things investors will be looking for in Tesla's earnings report<blockquote>以下是投资者将在特斯拉收益报告中寻找的8件事</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\">\nHere are 8 things investors will be looking for in Tesla's earnings report<blockquote>以下是投资者将在特斯拉收益报告中寻找的8件事</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN</strong><span class=\"h-time small\">2021-07-26 10:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(CNN)Tesla is the most secretive automaker on the planet, so investors are always eager to pore through its quarterly report and conference call, when they finally can get more than tweet-sized morsels of information.</p><p><blockquote>(CNN)特斯拉是地球上最神秘的汽车制造商，因此投资者总是渴望仔细阅读其季度报告和电话会议，当他们最终可以获得比推文大小更多的信息时。</blockquote></p><p> The last two quarterly results have disappointed them. Shares have fallen nearly 30% from their record high set just ahead of its fourth-quarter report in late January, with more than a third of that slide in share price taking place since the company reported first quarter results in April.</p><p><blockquote>最近两个季度的业绩让他们感到失望。该公司股价较1月底发布第四季度报告前创下的历史高点下跌了近30%，其中超过三分之一的股价跌幅发生在该公司4月份公布第一季度业绩以来。</blockquote></p><p> So whether the best performing stock of 2020 can get back on track will depend greatly on what investors hear Monday evening, when Tesla releases its second quarter results.</p><p><blockquote>因此，2020年表现最好的股票能否重回正轨，将在很大程度上取决于周一晚上特斯拉发布第二季度业绩时投资者听到的消息。</blockquote></p><p> Here are the top issues they'll be looking at:</p><p><blockquote>以下是他们将关注的首要问题：</blockquote></p><p> <h3>How are things going in China?</h3> Unlike other automakers, Tesla normally reports only global numbers, and doesn't break down sales by country or market. But if it wants to assure investors, it may need to give details on its sales in China, which is not only the largest market for all auto sales but also the major market with the greatest share of sales going to EVs.</p><p><blockquote><h3>中国的情况怎么样？</h3>与其他汽车制造商不同，特斯拉通常只报告全球数据，而不按国家或市场细分销量。但如果它想让投资者放心，它可能需要提供其在中国销售的详细信息，中国不仅是所有汽车销售的最大市场，也是电动汽车销售份额最大的主要市场。</blockquote></p><p> Tesla was hit by widespread reports of safety problems in China, including the recall of almost all cars made at its Shanghai factory and a protest by Tesla owners at the Shanghai auto show in April.</p><p><blockquote>特斯拉受到了有关中国安全问题的广泛报道的打击，包括召回其上海工厂生产的几乎所有汽车，以及特斯拉车主在4月份上海车展上的抗议。</blockquote></p><p> \"The China growth stories is the top of the list for Tesla,\" said Dan Ives, tech analyst with Wedbush Securities and a Tesla bull. \"This is their key market, we believe 40% of their sales will come from there next year. I think that's the linchpin to the stock going up or down.\"</p><p><blockquote>Wedbush Securities科技分析师、特斯拉看涨者Dan Ives表示：“中国的增长故事是特斯拉的首选。”“这是他们的关键市场，我们相信明年他们40%的销售额将来自那里。我认为这是股票上涨或下跌的关键。”</blockquote></p><p> Although Chinese sales of EVs from other automakers are reportedly growing, Tesla's China sales fell 9.2%, according to stats cited by Gordon Johnson of GLJ Research, an analyst who is one of Tesla's harshest critics.</p><p><blockquote>GLJ Research分析师戈登·约翰逊(Gordon Johnson)引用的统计数据显示，尽管据报道其他汽车制造商的电动汽车在中国的销量正在增长，但特斯拉在中国的销量却下降了9.2%。戈登·约翰逊是特斯拉最严厉的批评者之一。</blockquote></p><p> \"It seems clear Tesla has a China demand problem,\" he wrote in a recent note. \"Weak second quarter 2021 China domestic sales likely translate into weak second quarter earnings for Tesla.\"</p><p><blockquote>“特斯拉显然存在对华需求问题，”他在最近的一份报告中写道。“2021年第二季度中国国内销售疲软可能会导致特斯拉第二季度盈利疲软。”</blockquote></p><p> <h3>How did it make its profits?</h3> Analysts surveyed by Refinitiv expect Tesla to report adjusted income of more than $1 billion for the second straight quarter, and net income of about $650 million. Both would be records for the company, and would mark the eighth straight quarterly profit after years of losses.</p><p><blockquote><h3>它是如何盈利的？</h3>Refinitiv调查的分析师预计，特斯拉将连续第二个季度报告调整后收入超过10亿美元，净利润约为6.5亿美元。这两项都将创下该公司的纪录，并标志着该公司在多年亏损后连续第八个季度实现盈利。</blockquote></p><p> But Tesla critics point out that its net income has never exceeded the money it gets from selling regulatory tax credits to other automakers for whom EV sales are a very small percentage of their overall sales. Those other automakers use the credits they purchase from Tesla to meet environmental standards, thus avoiding large fines.</p><p><blockquote>但特斯拉的批评者指出，其净利润从未超过向其他汽车制造商出售监管税收抵免所获得的收入，而这些汽车制造商的电动汽车销量仅占其总销量的很小比例。其他汽车制造商使用从特斯拉购买的积分来满足环境标准，从而避免巨额罚款。</blockquote></p><p> Tesla got $518 million from those sales in the first quarter, but even Tesla admits it can't count on those sales to continue as other automakers start to sell more of their own EVs. The company's critics say it is proof that Tesla can't make money just from selling cars.</p><p><blockquote>特斯拉第一季度从这些销售中获得了5.18亿美元，但就连特斯拉也承认，随着其他汽车制造商开始销售更多自己的电动汽车，它不能指望这些销售持续下去。该公司的批评者表示，这证明特斯拉无法仅靠销售汽车赚钱。</blockquote></p><p> If its net income finally does exceed those credits, as the estimates suggest, it will be a significant milestone for the company, Ives said.</p><p><blockquote>艾夫斯表示，如果其净利润最终确实像估计的那样超过这些积分，这对该公司来说将是一个重要的里程碑。</blockquote></p><p> \"That would throw one of the core bear arguments against the stock out the window,\" he said.</p><p><blockquote>“这将把针对该股的核心看跌论点之一抛到九霄云外，”他说。</blockquote></p><p> <h3>What's going on with its bitcoin holdings?</h3> In February, Tesla disclosed it used some of its cash on hand to purchase $1.5 billion in bitcoin. In April, it disclosed that it has sold some of those holdings and booked net income of $101 million from its crypto trading — adding to the argument that the company doesn't make money actually selling cars.</p><p><blockquote><h3>其比特币持股情况如何？</h3>今年2月，特斯拉透露，它使用部分手头现金购买了15亿美元的比特币股票。今年4月，该公司披露已出售部分持股，并从加密货币交易中获得1.01亿美元的净利润，这加剧了该公司实际销售汽车并不赚钱的论点。</blockquote></p><p> The bitcoin transactions made some investors nervous, said Ives, especially since the cryptocurrency has lost more than a third of its value since then.</p><p><blockquote>Ives表示，比特币的交易让一些投资者感到紧张，特别是自那以来，加密货币的价值已经损失了三分之一以上。</blockquote></p><p> <h3>What's going on with supply chain issues?</h3> The entire global auto industry is struggling with a computer chip shortage.</p><p><blockquote><h3>供应链问题是怎么回事？</h3>整个全球汽车行业都在为计算机芯片短缺而苦苦挣扎。</blockquote></p><p> With other automakers ramping up production of their own EVs, Tesla now has greater competition for the raw materials that make up large EVe batteries, such as lithium.</p><p><blockquote>随着其他汽车制造商提高自己的电动汽车产量，特斯拉现在在构成大型电动汽车电池的原材料（例如锂）方面面临着更激烈的竞争。</blockquote></p><p> In May, Musk tweeted that Tesla had to raise the price of its cars because of rising raw material costs. The outlook for raw material prices and the supply of parts such as chips and batteries will be a key to investors' expectations about Tesla sales the rest of this year.</p><p><blockquote>今年5月，马斯克在推特上表示，由于原材料成本上涨，特斯拉不得不提高汽车价格。原材料价格前景以及芯片和电池等零部件供应将是投资者对今年剩余时间特斯拉销量预期的关键。</blockquote></p><p> <h3>What's going on with new plants in Texas and Germany?</h3> Tesla has a track record of getting new plants up and running much faster than traditional automakers.</p><p><blockquote><h3>德克萨斯州和德国的新工厂进展如何？</h3>特斯拉拥有比传统汽车制造商更快地建立和运行新工厂的记录。</blockquote></p><p> It has a plant under construction near Austin, Texas, which will build the Model Y SUV and eventually the Cybertruck pickup, as well as another near Berlin to serve the European market, where it is losing ground on EV sales to Volkswagen (VLKAF).</p><p><blockquote>该公司在德克萨斯州奥斯汀附近有一家正在建设的工厂，将生产Model Y SUV并最终生产Cybertruck皮卡，在柏林附近还有另一家工厂，为欧洲市场提供服务，该公司在欧洲市场的电动汽车销量正在输给大众汽车(VLKAF)。</blockquote></p><p> Having two plants under construction simultaneously is the most ambitious expansion ever for Tesla, and the outlook for when the plants will be up to speed will be a key to investor expectations going forward.</p><p><blockquote>同时建设两座工厂是特斯拉有史以来最雄心勃勃的扩张，工厂何时投产的前景将是投资者未来预期的关键。</blockquote></p><p></p><p> Tesla said in April it expected both plants to have limited production later this year and \"volume production\" in 2022. It did not spell out what that means.</p><p><blockquote>特斯拉在4月份表示，预计这两家工厂将在今年晚些时候限产，并在2022年“量产”。它没有说明这是什么意思。</blockquote></p><p> <h3>What's the latest on the Cybertruck?</h3> With a number of established automakers such as Ford (F) and General Motors (GM) on the verge of selling their own electric pickups, it's important that Tesla get the Cybertruck, its first pickup, into consumers' hands soon. In January, Musk said he was expecting \"volume production\" in 2022.</p><p><blockquote><h3>Cybertruck有什么最新消息？</h3>随着福特(F)和通用(GM)等许多老牌汽车制造商即将销售自己的电动皮卡，特斯拉尽快将其首款皮卡Cybertruck交到消费者手中非常重要。今年1月，马斯克表示，他预计2022年将实现“量产”。</blockquote></p><p> Then in March he tweeted \"Update probably in Q2.\" He said the focus now was getting the Texas plant finished, calling that job a \"beast.\" Investors are anxious to get that update.</p><p><blockquote>然后在三月份，他在推特上写道“可能会在第二季度更新”。他表示，现在的重点是完成德克萨斯州工厂的建设，并称这项工作是“野兽”。投资者渴望获得这一更新。</blockquote></p><p> <h3>What are plans to open Tesla's superchargers to other automakers' EVs.</h3> This past week, Musk said in a tweet that \"we're making our Supercharger network open to other EVs later this year.\" As is often the case when he makes news via tweet, there were no details to help investors assess the business impact of such a move.</p><p><blockquote><h3>向其他汽车制造商的电动汽车开放特斯拉超级充电站的计划是什么？</h3>上周，马斯克在一条推文中表示，“我们将在今年晚些时候向其他电动汽车开放我们的超级充电网络。”正如他通过推特发布新闻时经常出现的情况一样，没有细节可以帮助投资者评估此举的商业影响。</blockquote></p><p> It could be significant. \"By 2030, we conservatively estimate Tesla supercharging revenue of $2.9 billion, a figure which does not include any revenue from non-Tesla vehicles,\" wrote Morgan Stanley auto analyst Adam Jonas in a note following the tweet.</p><p><blockquote>这可能意义重大。摩根士丹利汽车分析师Adam Jonas在推文后的一份报告中写道：“到2030年，我们保守估计特斯拉超级充电营收将达到29亿美元，这一数字不包括任何来自非特斯拉汽车的收入。”</blockquote></p><p> Musk will almost certainly be asked about the plans to open the network to other companies' cars during the conference call.</p><p><blockquote>马斯克几乎肯定会被问及在电话会议期间向其他公司的汽车开放网络的计划。</blockquote></p><p> <h3>What's the outlook for full self-driving cars?</h3> This is one reason Tesla shares have so greatly outperformed traditional auto stocks: the belief of investors that it is closer to offering full self-driving cars, or FSD, than any other companies.</p><p><blockquote><h3>全自动驾驶汽车的前景如何？</h3>这是特斯拉股价大幅跑赢传统汽车股的原因之一：投资者相信它比任何其他公司都更接近提供全自动驾驶汽车（FSD）。</blockquote></p><p> Musk keeps promising advances for versions of FSD in his tweets. And Tesla CFO Zachary Kirkhorn spoke on the last earnings call about the potential for significant revenue from drivers who pay for FSD on a subscription basis.</p><p><blockquote>马斯克在推文中不断承诺FSD版本的进步。特斯拉首席财务官Zachary Kirkhorn在上次财报看涨期权上谈到了通过订阅方式支付FSD费用的司机可能会获得大量收入。</blockquote></p><p> But so far FSD has been more promise than reality. Investors will be eager to hear the latest outlook, and for the revenue that Tesla hopes to gain from it.</p><p><blockquote>但到目前为止，FSD的承诺多于现实。投资者将渴望听到最新的前景，以及特斯拉希望从中获得的收入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/07/25/business/tesla-earnings-outlook/index.html\">CNN</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":{"TSLA":"特斯拉"},"source_url":"https://edition.cnn.com/2021/07/25/business/tesla-earnings-outlook/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167843544","content_text":"(CNN)Tesla is the most secretive automaker on the planet, so investors are always eager to pore through its quarterly report and conference call, when they finally can get more than tweet-sized morsels of information.\nThe last two quarterly results have disappointed them. Shares have fallen nearly 30% from their record high set just ahead of its fourth-quarter report in late January, with more than a third of that slide in share price taking place since the company reported first quarter results in April.\nSo whether the best performing stock of 2020 can get back on track will depend greatly on what investors hear Monday evening, when Tesla releases its second quarter results.\nHere are the top issues they'll be looking at:\nHow are things going in China?\nUnlike other automakers, Tesla normally reports only global numbers, and doesn't break down sales by country or market. But if it wants to assure investors, it may need to give details on its sales in China, which is not only the largest market for all auto sales but also the major market with the greatest share of sales going to EVs.\nTesla was hit by widespread reports of safety problems in China, including the recall of almost all cars made at its Shanghai factory and a protest by Tesla owners at the Shanghai auto show in April.\n\"The China growth stories is the top of the list for Tesla,\" said Dan Ives, tech analyst with Wedbush Securities and a Tesla bull. \"This is their key market, we believe 40% of their sales will come from there next year. I think that's the linchpin to the stock going up or down.\"\nAlthough Chinese sales of EVs from other automakers are reportedly growing, Tesla's China sales fell 9.2%, according to stats cited by Gordon Johnson of GLJ Research, an analyst who is one of Tesla's harshest critics.\n\"It seems clear Tesla has a China demand problem,\" he wrote in a recent note. \"Weak second quarter 2021 China domestic sales likely translate into weak second quarter earnings for Tesla.\"\nHow did it make its profits?\nAnalysts surveyed by Refinitiv expect Tesla to report adjusted income of more than $1 billion for the second straight quarter, and net income of about $650 million. Both would be records for the company, and would mark the eighth straight quarterly profit after years of losses.\nBut Tesla critics point out that its net income has never exceeded the money it gets from selling regulatory tax credits to other automakers for whom EV sales are a very small percentage of their overall sales. Those other automakers use the credits they purchase from Tesla to meet environmental standards, thus avoiding large fines.\nTesla got $518 million from those sales in the first quarter, but even Tesla admits it can't count on those sales to continue as other automakers start to sell more of their own EVs. The company's critics say it is proof that Tesla can't make money just from selling cars.\nIf its net income finally does exceed those credits, as the estimates suggest, it will be a significant milestone for the company, Ives said.\n\"That would throw one of the core bear arguments against the stock out the window,\" he said.\nWhat's going on with its bitcoin holdings?\nIn February, Tesla disclosed it used some of its cash on hand to purchase $1.5 billion in bitcoin. In April, it disclosed that it has sold some of those holdings and booked net income of $101 million from its crypto trading — adding to the argument that the company doesn't make money actually selling cars.\nThe bitcoin transactions made some investors nervous, said Ives, especially since the cryptocurrency has lost more than a third of its value since then.\nWhat's going on with supply chain issues?\nThe entire global auto industry is struggling with a computer chip shortage.\nWith other automakers ramping up production of their own EVs, Tesla now has greater competition for the raw materials that make up large EVe batteries, such as lithium.\nIn May, Musk tweeted that Tesla had to raise the price of its cars because of rising raw material costs. The outlook for raw material prices and the supply of parts such as chips and batteries will be a key to investors' expectations about Tesla sales the rest of this year.\nWhat's going on with new plants in Texas and Germany?\nTesla has a track record of getting new plants up and running much faster than traditional automakers.\nIt has a plant under construction near Austin, Texas, which will build the Model Y SUV and eventually the Cybertruck pickup, as well as another near Berlin to serve the European market, where it is losing ground on EV sales to Volkswagen (VLKAF).\nHaving two plants under construction simultaneously is the most ambitious expansion ever for Tesla, and the outlook for when the plants will be up to speed will be a key to investor expectations going forward.\nTesla said in April it expected both plants to have limited production later this year and \"volume production\" in 2022. It did not spell out what that means.\nWhat's the latest on the Cybertruck?\nWith a number of established automakers such as Ford (F) and General Motors (GM) on the verge of selling their own electric pickups, it's important that Tesla get the Cybertruck, its first pickup, into consumers' hands soon. In January, Musk said he was expecting \"volume production\" in 2022.\nThen in March he tweeted \"Update probably in Q2.\" He said the focus now was getting the Texas plant finished, calling that job a \"beast.\" Investors are anxious to get that update.\nWhat are plans to open Tesla's superchargers to other automakers' EVs.\nThis past week, Musk said in a tweet that \"we're making our Supercharger network open to other EVs later this year.\" As is often the case when he makes news via tweet, there were no details to help investors assess the business impact of such a move.\nIt could be significant. \"By 2030, we conservatively estimate Tesla supercharging revenue of $2.9 billion, a figure which does not include any revenue from non-Tesla vehicles,\" wrote Morgan Stanley auto analyst Adam Jonas in a note following the tweet.\nMusk will almost certainly be asked about the plans to open the network to other companies' cars during the conference call.\nWhat's the outlook for full self-driving cars?\nThis is one reason Tesla shares have so greatly outperformed traditional auto stocks: the belief of investors that it is closer to offering full self-driving cars, or FSD, than any other companies.\nMusk keeps promising advances for versions of FSD in his tweets. And Tesla CFO Zachary Kirkhorn spoke on the last earnings call about the potential for significant revenue from drivers who pay for FSD on a subscription basis.\nBut so far FSD has been more promise than reality. Investors will be eager to hear the latest outlook, and for the revenue that Tesla hopes to gain from it.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175432700,"gmtCreate":1627045816300,"gmtModify":1633768500790,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"Please fall to 30. Pleaseeeeeeee. I mistakenly sold too much. Planning to hold long de...&nbsp;","listText":"Please fall to 30. Pleaseeeeeeee. I mistakenly sold too much. Planning to hold long de...&nbsp;","text":"Please fall to 30. Pleaseeeeeeee. I mistakenly sold too much. Planning to hold long de...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/175432700","repostId":"2153092983","repostType":4,"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178858498,"gmtCreate":1626799923814,"gmtModify":1633770894658,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"Like please thank you","listText":"Like please thank you","text":"Like please thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/178858498","repostId":"2152657163","repostType":4,"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148595082,"gmtCreate":1625985215046,"gmtModify":1633931080008,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572995692195402","authorIdStr":"3572995692195402"},"themes":[],"htmlText":"Kindly like please&nbsp;","listText":"Kindly like please&nbsp;","text":"Kindly like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/148595082","repostId":"1185154176","repostType":4,"repost":{"id":"1185154176","kind":"news","pubTimestamp":1625886925,"share":"https://www.laohu8.com/m/news/1185154176?lang=zh_CN&edition=full","pubTime":"2021-07-10 11:15","market":"us","language":"en","title":"The bull market in stocks may last up to five years — here are six reasons why<blockquote>股市牛市可能持续长达五年——以下是六个原因</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185154176","media":"marketwatch","summary":"The economy is booming, earnings are rising, and the Federal Reserve is giving unprecedented support. When the stock market sells off, as it did Thursday, the right move was to buy your favorite stocks. Friday’s market action proved that.We are still only in the early stages of what is going to be a three- to five-year bull market in stocks, for these six reasons.Behind the scenes, consumers have massive unspent savings because they hunkered down for the pandemic. The personal savings rate hit n","content":"<p>The economy is booming, earnings are rising, and the Federal Reserve is giving unprecedented support</p><p><blockquote>经济蓬勃发展，盈利上升，美联储给予前所未有的支持</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/16f57eb7b0f75afb2f46b6d61281db87\" tg-width=\"1260\" tg-height=\"839\"><span>(Photo by Jorge Guerrero/AFP via Getty Images)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（豪尔赫·格雷罗/法新社，盖蒂图片社摄）</span></p></blockquote></p><p> When the stock market sells off, as it did Thursday, the right move was to buy your favorite stocks. Friday’s market action proved that.</p><p><blockquote>当股市抛售时，就像周四一样，正确的做法是购买你最喜欢的股票。周五的市场走势证明了这一点。</blockquote></p><p> It’s true that there could be a correction, given the already sizable 17% gain in the S&amp;P 500 Index&nbsp;this year. But you should buy then, too.</p><p><blockquote>鉴于标普500指数今年已经大幅上涨17%，确实可能会出现回调。但你也应该买。</blockquote></p><p> Here’s why.</p><p><blockquote>原因如下。</blockquote></p><p> We are still only in the early stages of what is going to be a three- to five-year bull market in stocks, for these six reasons.</p><p><blockquote>由于这六个原因，我们仍处于股市三到五年牛市的早期阶段。</blockquote></p><p> <b>1. There’s tremendous pent-up demand</b></p><p><blockquote><b>1.有巨大的被压抑的需求</b></blockquote></p><p> Everyone is looking to the Federal Reserve for cues about stimulus. They are overlooking private-sector forces that will push stocks higher. To sum up, there’s huge pent-up private-sector demand that will help propel U.S. GDP growth to 8% this year and 3.5%-4.5% for years after that. The pent-up demand comes from the following sources, points out Jim Paulsen, chief strategist and economist at the Leuthold Group.</p><p><blockquote>每个人都在向美联储寻求有关刺激的线索。他们忽视了将推高股市的私营部门力量。总而言之，被压抑的私营部门需求将有助于推动美国今年的GDP增长达到8%，并在此后几年达到3.5%-4.5%。Leuthold Group首席策略师兼经济学家吉姆·保尔森指出，被压抑的需求来自以下来源。</blockquote></p><p> First, there’s been a surge in household formation, as millennials hit the family years. This helps explain the big uptick in home demand. Once you buy a house, you have to fill it up with stuff. More consumer demand on the way.</p><p><blockquote>首先，随着千禧一代进入家庭年，家庭组建激增。这有助于解释家庭需求的大幅上升。一旦你买了房子，你就必须用东西填满它。更多的消费者需求即将到来。</blockquote></p><p> Behind the scenes, consumers have massive unspent savings because they hunkered down for the pandemic. The personal savings rate hit nearly 16% of GDP, compared to a post war average of 6.5%. The prior high was 10% in 1970s.</p><p><blockquote>在幕后，消费者有大量未用完的储蓄，因为他们为疫情做好了准备。个人储蓄率接近GDP的16%，而战后的平均水平为6.5%。之前的高点是20世纪70年代的10%。</blockquote></p><p> Relatedly, household balance sheets improved remarkably. Debt-to-income ratios are the lowest since the 1990s. Consumers will continue to tap more bank loans and credit card capacity, as their confidence increases because employment and the economy remain strong.</p><p><blockquote>与此相关的是，家庭资产负债表显著改善。债务收入比是20世纪90年代以来的最低水平。消费者将继续利用更多的银行贷款和信用卡容量，因为就业和经济保持强劲，他们的信心增强。</blockquote></p><p> Next, there will be plenty more newly employed people once the extra unemployment benefits expire in September. This means consumer confidence will improve, which invariably boosts economic growth. The labor participation rate has room to improve, leaving spare employment capacity before we hit the full employment that can cap economic growth.</p><p><blockquote>接下来，一旦额外的失业救济金在9月份到期，将会有更多的新就业人口。这意味着消费者信心将会提高，这必然会促进经济增长。劳动参与率还有提高的空间，在我们达到可以限制经济增长的充分就业之前，留下了闲置的就业能力。</blockquote></p><p> Now let’s look at the pent-up demand in businesses.</p><p><blockquote>现在让我们看看企业被压抑的需求。</blockquote></p><p> You know all the shortages of stuff you keep running into or hearing about? Here’s why this is happening. To prepare for a prolonged epidemic, businesses cut inventories to the bone. It was the biggest inventory liquidation ever. But now, companies have to build back inventories. The ongoing inventory rebuild will be huge.</p><p><blockquote>你知道你经常遇到或听说的所有短缺的东西吗？这就是为什么会发生这种情况。为了应对长期的疫情，企业大幅削减库存。这是有史以来最大的库存清理。但现在，企业不得不重建库存。正在进行的库存重建将是巨大的。</blockquote></p><p> Companies also cut capacity, which they are building out again. Capital goods spending surged to record highs in the past year, advancing almost 23%, after being essentially flat for most of the prior two decades. This creates sustained growth, and it tells us a lot about business confidence.</p><p><blockquote>公司也削减了产能，并再次扩大产能。资本货物支出在过去二十年的大部分时间里基本持平，去年飙升至历史新高，增长了近23%。这创造了持续的增长，它告诉我们很多关于商业信心的信息。</blockquote></p><p> <b>The bottom line</b>: We will see 7%-8% GDP growth this year, followed by 4%-4.5% next year and above average growth after that, supporting a sustained bull market in stocks. Expect the normal corrections along the way.</p><p><blockquote><b>底线</b>：我们今年将看到7%-8%的GDP增长，明年将达到4%-4.5%，之后将高于平均水平的增长，支持股市持续牛市。期待一路上的正常修正。</blockquote></p><p> <b>2. An under-appreciated earnings boom lies ahead</b></p><p><blockquote><b>2.被低估的盈利繁荣即将到来</b></blockquote></p><p> The economic rebound has happened so quickly, analysts can’t keep up. Wall Street analysts project $190 a share in S&amp;P 500 earnings this year. But that is woefully low given the expected 7%-8% GDP growth and massive stimulus that has yet to kick in. Stimulus normally takes six to eight months to take effect, and a lot of the recent dollops happened inside that window.</p><p><blockquote>经济反弹发生得如此之快，分析师们跟不上。分析师预计标普500今年的每股收益为190美元。但考虑到预期的7%-8%的GDP增长和尚未生效的大规模刺激措施，这一数字低得可怜。刺激通常需要六到八个月才能生效，最近的很多刺激都发生在这个窗口内。</blockquote></p><p> Paulsen expects 2021 S&amp;P 500 earnings will be more like $220 instead of the consensus estimate of $190.</p><p><blockquote>保尔森预计，2021年标普500的盈利将更接近220美元，而不是普遍预期的190美元。</blockquote></p><p> “Analysts are still under-appreciating how much profits have improved and how much they will improve,” says Paulsen. “We had dramatic overreaction from policy officials. They addressed the collapse, but created a massive improvement in fundamentals. This is still playing out in terms of the recovery in profits.”</p><p><blockquote>保尔森表示：“分析师仍然低估了利润的改善程度以及将会改善多少。”“我们从政策官员那里得到了戏剧性的过度反应。他们解决了崩溃的问题，但在基本面上创造了巨大的改善。这在利润复苏方面仍在发挥作用。”</blockquote></p><p> Plus, more fiscal stimulus is probably on the way, in the form of infrastructure spending.</p><p><blockquote>此外，更多的财政刺激可能即将以基础设施支出的形式出现。</blockquote></p><p> <b>3. There’s a new Fed in town</b></p><p><blockquote><b>3.城里有一个新的美联储</b></blockquote></p><p> For much of the past three decades, the Fed has been quick to tighten its policy to ward off inflation. The central bank killed off growth in the process. That’s one reason why the past 20 years posted the slowest growth in the post-war era. Now, though, the Fed is much more accommodative and this may likely persist because inflation will remain sluggish (more on this, below).</p><p><blockquote>在过去三十年的大部分时间里，美联储一直在迅速收紧政策以抵御通胀。在此过程中，央行扼杀了经济增长。这就是过去20年是战后经济增长最慢的原因之一。然而现在，美联储更加宽松，这种情况可能会持续下去，因为通胀将保持低迷（更多内容见下文）。</blockquote></p><p></p><p> Here’s a simple gauge to measure this. Take GDP growth and subtract the yield on 10-year TreasuriesTMUBMUSD10Y,1.359%.This gauge was negative for much of 1980-2010, when the Fed kept growth cool to contain inflation. Now, though, Fed policy is helping to keep 10-year yields well below GDP growth, which allows the economy to run hot. This was the state of affairs during 1950-1965, which some analysts call “the golden age of capitalism” because of the glide path in growth.</p><p><blockquote>这里有一个简单的衡量标准来衡量这一点。以GDP增长减去10年期国债收益率MUBMUSD10Y，1.359%。该指标在1980年至2010年的大部分时间里都为负值，当时美联储保持增长降温以遏制通胀。但现在，美联储的政策正在帮助将10年期国债收益率保持在远低于GDP增长的水平，从而使经济过热。这就是1950-1965年的情况，一些分析家将其看涨期权为“资本主义的黄金时代”，因为增长的下滑路径。</blockquote></p><p> <b>4. Inflation won’t kill the bull</b></p><p><blockquote><b>4.通货膨胀不会杀死公牛</b></blockquote></p><p> Inflation may rise near term because the economy is so hot. But medium term, the inflation slayers will win out. Here’s a roundup. The population is aging, and older people spend less. The boom in business capital spending will continue to boost productivity at companies. This allows them to avoid passing along rising costs to customers. Global trade and competition have not gone away. This puts downward pressure on prices since goods can be made more cheaply in many foreign countries. Ongoing technological advances continually put downward pressure on tech products.</p><p><blockquote>由于经济如此火爆，通胀短期内可能会上升。但从中期来看，通胀杀手将获胜。这是一个综述。人口老龄化，老年人消费减少。企业资本支出的繁荣将继续提高企业的生产率。这使他们能够避免将上升的成本转嫁给客户。全球贸易和竞争并没有消失。这给价格带来了下行压力，因为在许多外国可以更便宜地制造商品。持续的技术进步不断给科技产品带来下行压力。</blockquote></p><p> <b>5. Valuations will improve</b></p><p><blockquote><b>五、估值将改善</b></blockquote></p><p> We’re now at the phase in the economic rebound where the following dynamic typically plays out. Stocks trade sideways for months, mostly because of worries about inflation and rising bond yields. All the while, the economy and earnings continue to grow, bringing down stock valuations. This dynamic played out at about this point in prior economic rebounds during 1983-84, 1993-94, 2004-05 and 2009-10. In short, we will see a big surge in earnings while the stock market marks time, or even corrects.</p><p><blockquote>我们现在正处于经济反弹的阶段，通常会出现以下动态。股市连续几个月横盘整理，主要是因为对通胀和债券收益率上升的担忧。与此同时，经济和盈利持续增长，压低了股票估值。在1983-84年、1993-94年、2004-05年和2009-10年的经济反弹中，这种动态大约在这一点上发挥了作用。简而言之，我们将看到盈利大幅飙升，而股市则标志着时间的到来，甚至是回调。</blockquote></p><p> This will reset stock valuations lower, removing one of the chief concerns among investors — high valuations. If S&amp;P 500 earnings hit $220 by the end of the year and the index is at 4,000 to 4,100 points because of a correction, stocks will be at an 18-19 price earnings ratio — below the average since 1990.</p><p><blockquote>这将降低股票估值，消除投资者的主要担忧之一——高估值。如果标普500的盈利在年底达到220美元，并且该指数因回调而达到4,000至4,100点，那么股票的市盈率将达到18-19倍，低于1990年以来的平均水平。</blockquote></p><p> True to form, the Dow Jones Industrial AverageDJIA,+1.30%and the Russell 2000&nbsp;small-cap index have traded sideways for two to four months. The S&amp;P 500 and Nasdaq&nbsp;recently broke out of trading ranges, but a bigger pullback would send them back into sideways action mode.</p><p><blockquote>与往常一样，道琼斯工业平均指数DJIA(+1.30%)和罗素2000小盘股指数已经横盘整理了两到四个月。标普500和纳斯达克最近突破了交易区间，但更大的回调将使它们重新进入横盘整理模式。</blockquote></p><p> <b>6. Sentiment isn’t extreme</b></p><p><blockquote><b>6.情绪并不极端</b></blockquote></p><p> As a contrarian, I look for excessive sentiment as a sign that it’s time to raise some cash. We don’t see that yet. A simple gauge to follow is the Investors Intelligence Bull/Bear ratio. It recently came in at 3.92. That’s near the warning path, which for me starts at 4. On the other hand, mutual fund cash was recently at $4.6 trillion, near historical highs. This represents caution among investors.</p><p><blockquote>作为一名逆向投资者，我将过度情绪视为是时候筹集一些现金的迹象。我们还没有看到这一点。一个简单的衡量标准是投资者情报牛熊比率。最近的价格是3.92。那是在警告路径附近，对我来说从4点开始。另一方面，共同基金现金最近为4.6万亿美元，接近历史高位。这代表了投资者的谨慎态度。</blockquote></p><p> <b>Three themes to follow</b></p><p><blockquote><b>遵循三个主题</b></blockquote></p><p> If we are in store for a sustained economic recovery and a multi-year bull market in stocks, it will pay to follow these three themes.</p><p><blockquote>如果我们即将迎来持续的经济复苏和股市多年牛市，那么遵循这三个主题是值得的。</blockquote></p><p> <b>Favor cyclicals.</b>Stay with economically sensitive businesses and add to your holdings in them on pullbacks. This means cyclical companies in areas like financials, materials, industrials and consumer discretionary businesses.</p><p><blockquote><b>青睐周期性股票。</b>继续投资对经济敏感的企业，并在回调时增持这些企业。这意味着金融、材料、工业和非必需消费品业务等领域的周期性公司。</blockquote></p><p> <b>Avoid defensives.</b>If you want yield, go with stocks that pay a dividend but also have capital appreciation potential — not steady growth companies selling stuff like consumer staples. On this theme, in my stock letter Brush Up on Stocks (the link is in bio, below) I’ve recently suggested or reiterated Home Depot&nbsp;in retail, B. Riley Financial,a markets and investment banking name, and Regional Management&nbsp;in consumer finance.</p><p><blockquote><b>避免防御。</b>如果您想要收益，请选择支付股息但具有资本增值潜力的股票，而不是销售消费品等稳定增长的公司。关于这个主题，在我的股票信Brush Up on Stocks（链接在下面的简介中）中，我最近建议或重申了零售业的家得宝、市场和投资银行名称B.Riley Financial以及消费者金融领域的区域管理。</blockquote></p><p> <b>Favor emerging markets.</b>Their growth tends to be higher during expansions. Just be careful with China. It has an aging population. Limited workforce growth may constrain economic growth. Another challenge is that ongoing U.S.-China tensions and the related threat of persistent tariffs and trade barriers have global companies relocating supply chains elsewhere.</p><p><blockquote><b>青睐新兴市场。</b>在扩张期间，它们的增长率往往更高。小心中国。它的人口正在老龄化。劳动力增长有限可能会限制经济增长。另一个挑战是，持续的美中紧张局势以及持续关税和贸易壁垒的相关威胁导致全球公司将供应链转移到其他地方。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The bull market in stocks may last up to five years — here are six reasons why<blockquote>股市牛市可能持续长达五年——以下是六个原因</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe bull market in stocks may last up to five years — here are six reasons why<blockquote>股市牛市可能持续长达五年——以下是六个原因</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-07-10 11:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The economy is booming, earnings are rising, and the Federal Reserve is giving unprecedented support</p><p><blockquote>经济蓬勃发展，盈利上升，美联储给予前所未有的支持</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/16f57eb7b0f75afb2f46b6d61281db87\" tg-width=\"1260\" tg-height=\"839\"><span>(Photo by Jorge Guerrero/AFP via Getty Images)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（豪尔赫·格雷罗/法新社，盖蒂图片社摄）</span></p></blockquote></p><p> When the stock market sells off, as it did Thursday, the right move was to buy your favorite stocks. Friday’s market action proved that.</p><p><blockquote>当股市抛售时，就像周四一样，正确的做法是购买你最喜欢的股票。周五的市场走势证明了这一点。</blockquote></p><p> It’s true that there could be a correction, given the already sizable 17% gain in the S&amp;P 500 Index&nbsp;this year. But you should buy then, too.</p><p><blockquote>鉴于标普500指数今年已经大幅上涨17%，确实可能会出现回调。但你也应该买。</blockquote></p><p> Here’s why.</p><p><blockquote>原因如下。</blockquote></p><p> We are still only in the early stages of what is going to be a three- to five-year bull market in stocks, for these six reasons.</p><p><blockquote>由于这六个原因，我们仍处于股市三到五年牛市的早期阶段。</blockquote></p><p> <b>1. There’s tremendous pent-up demand</b></p><p><blockquote><b>1.有巨大的被压抑的需求</b></blockquote></p><p> Everyone is looking to the Federal Reserve for cues about stimulus. They are overlooking private-sector forces that will push stocks higher. To sum up, there’s huge pent-up private-sector demand that will help propel U.S. GDP growth to 8% this year and 3.5%-4.5% for years after that. The pent-up demand comes from the following sources, points out Jim Paulsen, chief strategist and economist at the Leuthold Group.</p><p><blockquote>每个人都在向美联储寻求有关刺激的线索。他们忽视了将推高股市的私营部门力量。总而言之，被压抑的私营部门需求将有助于推动美国今年的GDP增长达到8%，并在此后几年达到3.5%-4.5%。Leuthold Group首席策略师兼经济学家吉姆·保尔森指出，被压抑的需求来自以下来源。</blockquote></p><p> First, there’s been a surge in household formation, as millennials hit the family years. This helps explain the big uptick in home demand. Once you buy a house, you have to fill it up with stuff. More consumer demand on the way.</p><p><blockquote>首先，随着千禧一代进入家庭年，家庭组建激增。这有助于解释家庭需求的大幅上升。一旦你买了房子，你就必须用东西填满它。更多的消费者需求即将到来。</blockquote></p><p> Behind the scenes, consumers have massive unspent savings because they hunkered down for the pandemic. The personal savings rate hit nearly 16% of GDP, compared to a post war average of 6.5%. The prior high was 10% in 1970s.</p><p><blockquote>在幕后，消费者有大量未用完的储蓄，因为他们为疫情做好了准备。个人储蓄率接近GDP的16%，而战后的平均水平为6.5%。之前的高点是20世纪70年代的10%。</blockquote></p><p> Relatedly, household balance sheets improved remarkably. Debt-to-income ratios are the lowest since the 1990s. Consumers will continue to tap more bank loans and credit card capacity, as their confidence increases because employment and the economy remain strong.</p><p><blockquote>与此相关的是，家庭资产负债表显著改善。债务收入比是20世纪90年代以来的最低水平。消费者将继续利用更多的银行贷款和信用卡容量，因为就业和经济保持强劲，他们的信心增强。</blockquote></p><p> Next, there will be plenty more newly employed people once the extra unemployment benefits expire in September. This means consumer confidence will improve, which invariably boosts economic growth. The labor participation rate has room to improve, leaving spare employment capacity before we hit the full employment that can cap economic growth.</p><p><blockquote>接下来，一旦额外的失业救济金在9月份到期，将会有更多的新就业人口。这意味着消费者信心将会提高，这必然会促进经济增长。劳动参与率还有提高的空间，在我们达到可以限制经济增长的充分就业之前，留下了闲置的就业能力。</blockquote></p><p> Now let’s look at the pent-up demand in businesses.</p><p><blockquote>现在让我们看看企业被压抑的需求。</blockquote></p><p> You know all the shortages of stuff you keep running into or hearing about? Here’s why this is happening. To prepare for a prolonged epidemic, businesses cut inventories to the bone. It was the biggest inventory liquidation ever. But now, companies have to build back inventories. The ongoing inventory rebuild will be huge.</p><p><blockquote>你知道你经常遇到或听说的所有短缺的东西吗？这就是为什么会发生这种情况。为了应对长期的疫情，企业大幅削减库存。这是有史以来最大的库存清理。但现在，企业不得不重建库存。正在进行的库存重建将是巨大的。</blockquote></p><p> Companies also cut capacity, which they are building out again. Capital goods spending surged to record highs in the past year, advancing almost 23%, after being essentially flat for most of the prior two decades. This creates sustained growth, and it tells us a lot about business confidence.</p><p><blockquote>公司也削减了产能，并再次扩大产能。资本货物支出在过去二十年的大部分时间里基本持平，去年飙升至历史新高，增长了近23%。这创造了持续的增长，它告诉我们很多关于商业信心的信息。</blockquote></p><p> <b>The bottom line</b>: We will see 7%-8% GDP growth this year, followed by 4%-4.5% next year and above average growth after that, supporting a sustained bull market in stocks. Expect the normal corrections along the way.</p><p><blockquote><b>底线</b>：我们今年将看到7%-8%的GDP增长，明年将达到4%-4.5%，之后将高于平均水平的增长，支持股市持续牛市。期待一路上的正常修正。</blockquote></p><p> <b>2. An under-appreciated earnings boom lies ahead</b></p><p><blockquote><b>2.被低估的盈利繁荣即将到来</b></blockquote></p><p> The economic rebound has happened so quickly, analysts can’t keep up. Wall Street analysts project $190 a share in S&amp;P 500 earnings this year. But that is woefully low given the expected 7%-8% GDP growth and massive stimulus that has yet to kick in. Stimulus normally takes six to eight months to take effect, and a lot of the recent dollops happened inside that window.</p><p><blockquote>经济反弹发生得如此之快，分析师们跟不上。分析师预计标普500今年的每股收益为190美元。但考虑到预期的7%-8%的GDP增长和尚未生效的大规模刺激措施，这一数字低得可怜。刺激通常需要六到八个月才能生效，最近的很多刺激都发生在这个窗口内。</blockquote></p><p> Paulsen expects 2021 S&amp;P 500 earnings will be more like $220 instead of the consensus estimate of $190.</p><p><blockquote>保尔森预计，2021年标普500的盈利将更接近220美元，而不是普遍预期的190美元。</blockquote></p><p> “Analysts are still under-appreciating how much profits have improved and how much they will improve,” says Paulsen. “We had dramatic overreaction from policy officials. They addressed the collapse, but created a massive improvement in fundamentals. This is still playing out in terms of the recovery in profits.”</p><p><blockquote>保尔森表示：“分析师仍然低估了利润的改善程度以及将会改善多少。”“我们从政策官员那里得到了戏剧性的过度反应。他们解决了崩溃的问题，但在基本面上创造了巨大的改善。这在利润复苏方面仍在发挥作用。”</blockquote></p><p> Plus, more fiscal stimulus is probably on the way, in the form of infrastructure spending.</p><p><blockquote>此外，更多的财政刺激可能即将以基础设施支出的形式出现。</blockquote></p><p> <b>3. There’s a new Fed in town</b></p><p><blockquote><b>3.城里有一个新的美联储</b></blockquote></p><p> For much of the past three decades, the Fed has been quick to tighten its policy to ward off inflation. The central bank killed off growth in the process. That’s one reason why the past 20 years posted the slowest growth in the post-war era. Now, though, the Fed is much more accommodative and this may likely persist because inflation will remain sluggish (more on this, below).</p><p><blockquote>在过去三十年的大部分时间里，美联储一直在迅速收紧政策以抵御通胀。在此过程中，央行扼杀了经济增长。这就是过去20年是战后经济增长最慢的原因之一。然而现在，美联储更加宽松，这种情况可能会持续下去，因为通胀将保持低迷（更多内容见下文）。</blockquote></p><p></p><p> Here’s a simple gauge to measure this. Take GDP growth and subtract the yield on 10-year TreasuriesTMUBMUSD10Y,1.359%.This gauge was negative for much of 1980-2010, when the Fed kept growth cool to contain inflation. Now, though, Fed policy is helping to keep 10-year yields well below GDP growth, which allows the economy to run hot. This was the state of affairs during 1950-1965, which some analysts call “the golden age of capitalism” because of the glide path in growth.</p><p><blockquote>这里有一个简单的衡量标准来衡量这一点。以GDP增长减去10年期国债收益率MUBMUSD10Y，1.359%。该指标在1980年至2010年的大部分时间里都为负值，当时美联储保持增长降温以遏制通胀。但现在，美联储的政策正在帮助将10年期国债收益率保持在远低于GDP增长的水平，从而使经济过热。这就是1950-1965年的情况，一些分析家将其看涨期权为“资本主义的黄金时代”，因为增长的下滑路径。</blockquote></p><p> <b>4. Inflation won’t kill the bull</b></p><p><blockquote><b>4.通货膨胀不会杀死公牛</b></blockquote></p><p> Inflation may rise near term because the economy is so hot. But medium term, the inflation slayers will win out. Here’s a roundup. The population is aging, and older people spend less. The boom in business capital spending will continue to boost productivity at companies. This allows them to avoid passing along rising costs to customers. Global trade and competition have not gone away. This puts downward pressure on prices since goods can be made more cheaply in many foreign countries. Ongoing technological advances continually put downward pressure on tech products.</p><p><blockquote>由于经济如此火爆，通胀短期内可能会上升。但从中期来看，通胀杀手将获胜。这是一个综述。人口老龄化，老年人消费减少。企业资本支出的繁荣将继续提高企业的生产率。这使他们能够避免将上升的成本转嫁给客户。全球贸易和竞争并没有消失。这给价格带来了下行压力，因为在许多外国可以更便宜地制造商品。持续的技术进步不断给科技产品带来下行压力。</blockquote></p><p> <b>5. Valuations will improve</b></p><p><blockquote><b>五、估值将改善</b></blockquote></p><p> We’re now at the phase in the economic rebound where the following dynamic typically plays out. Stocks trade sideways for months, mostly because of worries about inflation and rising bond yields. All the while, the economy and earnings continue to grow, bringing down stock valuations. This dynamic played out at about this point in prior economic rebounds during 1983-84, 1993-94, 2004-05 and 2009-10. In short, we will see a big surge in earnings while the stock market marks time, or even corrects.</p><p><blockquote>我们现在正处于经济反弹的阶段，通常会出现以下动态。股市连续几个月横盘整理，主要是因为对通胀和债券收益率上升的担忧。与此同时，经济和盈利持续增长，压低了股票估值。在1983-84年、1993-94年、2004-05年和2009-10年的经济反弹中，这种动态大约在这一点上发挥了作用。简而言之，我们将看到盈利大幅飙升，而股市则标志着时间的到来，甚至是回调。</blockquote></p><p> This will reset stock valuations lower, removing one of the chief concerns among investors — high valuations. If S&amp;P 500 earnings hit $220 by the end of the year and the index is at 4,000 to 4,100 points because of a correction, stocks will be at an 18-19 price earnings ratio — below the average since 1990.</p><p><blockquote>这将降低股票估值，消除投资者的主要担忧之一——高估值。如果标普500的盈利在年底达到220美元，并且该指数因回调而达到4,000至4,100点，那么股票的市盈率将达到18-19倍，低于1990年以来的平均水平。</blockquote></p><p> True to form, the Dow Jones Industrial AverageDJIA,+1.30%and the Russell 2000&nbsp;small-cap index have traded sideways for two to four months. The S&amp;P 500 and Nasdaq&nbsp;recently broke out of trading ranges, but a bigger pullback would send them back into sideways action mode.</p><p><blockquote>与往常一样，道琼斯工业平均指数DJIA(+1.30%)和罗素2000小盘股指数已经横盘整理了两到四个月。标普500和纳斯达克最近突破了交易区间，但更大的回调将使它们重新进入横盘整理模式。</blockquote></p><p> <b>6. Sentiment isn’t extreme</b></p><p><blockquote><b>6.情绪并不极端</b></blockquote></p><p> As a contrarian, I look for excessive sentiment as a sign that it’s time to raise some cash. We don’t see that yet. A simple gauge to follow is the Investors Intelligence Bull/Bear ratio. It recently came in at 3.92. That’s near the warning path, which for me starts at 4. On the other hand, mutual fund cash was recently at $4.6 trillion, near historical highs. This represents caution among investors.</p><p><blockquote>作为一名逆向投资者，我将过度情绪视为是时候筹集一些现金的迹象。我们还没有看到这一点。一个简单的衡量标准是投资者情报牛熊比率。最近的价格是3.92。那是在警告路径附近，对我来说从4点开始。另一方面，共同基金现金最近为4.6万亿美元，接近历史高位。这代表了投资者的谨慎态度。</blockquote></p><p> <b>Three themes to follow</b></p><p><blockquote><b>遵循三个主题</b></blockquote></p><p> If we are in store for a sustained economic recovery and a multi-year bull market in stocks, it will pay to follow these three themes.</p><p><blockquote>如果我们即将迎来持续的经济复苏和股市多年牛市，那么遵循这三个主题是值得的。</blockquote></p><p> <b>Favor cyclicals.</b>Stay with economically sensitive businesses and add to your holdings in them on pullbacks. This means cyclical companies in areas like financials, materials, industrials and consumer discretionary businesses.</p><p><blockquote><b>青睐周期性股票。</b>继续投资对经济敏感的企业，并在回调时增持这些企业。这意味着金融、材料、工业和非必需消费品业务等领域的周期性公司。</blockquote></p><p> <b>Avoid defensives.</b>If you want yield, go with stocks that pay a dividend but also have capital appreciation potential — not steady growth companies selling stuff like consumer staples. On this theme, in my stock letter Brush Up on Stocks (the link is in bio, below) I’ve recently suggested or reiterated Home Depot&nbsp;in retail, B. Riley Financial,a markets and investment banking name, and Regional Management&nbsp;in consumer finance.</p><p><blockquote><b>避免防御。</b>如果您想要收益，请选择支付股息但具有资本增值潜力的股票，而不是销售消费品等稳定增长的公司。关于这个主题，在我的股票信Brush Up on Stocks（链接在下面的简介中）中，我最近建议或重申了零售业的家得宝、市场和投资银行名称B.Riley Financial以及消费者金融领域的区域管理。</blockquote></p><p> <b>Favor emerging markets.</b>Their growth tends to be higher during expansions. Just be careful with China. It has an aging population. Limited workforce growth may constrain economic growth. Another challenge is that ongoing U.S.-China tensions and the related threat of persistent tariffs and trade barriers have global companies relocating supply chains elsewhere.</p><p><blockquote><b>青睐新兴市场。</b>在扩张期间，它们的增长率往往更高。小心中国。它的人口正在老龄化。劳动力增长有限可能会限制经济增长。另一个挑战是，持续的美中紧张局势以及持续关税和贸易壁垒的相关威胁导致全球公司将供应链转移到其他地方。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-bull-market-in-stocks-may-last-up-to-five-years-here-are-six-reasons-why-11625842781?mod=home-page\">marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/the-bull-market-in-stocks-may-last-up-to-five-years-here-are-six-reasons-why-11625842781?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185154176","content_text":"The economy is booming, earnings are rising, and the Federal Reserve is giving unprecedented support\n(Photo by Jorge Guerrero/AFP via Getty Images)\nWhen the stock market sells off, as it did Thursday, the right move was to buy your favorite stocks. Friday’s market action proved that.\nIt’s true that there could be a correction, given the already sizable 17% gain in the S&P 500 Index this year. But you should buy then, too.\nHere’s why.\nWe are still only in the early stages of what is going to be a three- to five-year bull market in stocks, for these six reasons.\n1. There’s tremendous pent-up demand\nEveryone is looking to the Federal Reserve for cues about stimulus. They are overlooking private-sector forces that will push stocks higher. To sum up, there’s huge pent-up private-sector demand that will help propel U.S. GDP growth to 8% this year and 3.5%-4.5% for years after that. The pent-up demand comes from the following sources, points out Jim Paulsen, chief strategist and economist at the Leuthold Group.\nFirst, there’s been a surge in household formation, as millennials hit the family years. This helps explain the big uptick in home demand. Once you buy a house, you have to fill it up with stuff. More consumer demand on the way.\nBehind the scenes, consumers have massive unspent savings because they hunkered down for the pandemic. The personal savings rate hit nearly 16% of GDP, compared to a post war average of 6.5%. The prior high was 10% in 1970s.\nRelatedly, household balance sheets improved remarkably. Debt-to-income ratios are the lowest since the 1990s. Consumers will continue to tap more bank loans and credit card capacity, as their confidence increases because employment and the economy remain strong.\nNext, there will be plenty more newly employed people once the extra unemployment benefits expire in September. This means consumer confidence will improve, which invariably boosts economic growth. The labor participation rate has room to improve, leaving spare employment capacity before we hit the full employment that can cap economic growth.\nNow let’s look at the pent-up demand in businesses.\nYou know all the shortages of stuff you keep running into or hearing about? Here’s why this is happening. To prepare for a prolonged epidemic, businesses cut inventories to the bone. It was the biggest inventory liquidation ever. But now, companies have to build back inventories. The ongoing inventory rebuild will be huge.\nCompanies also cut capacity, which they are building out again. Capital goods spending surged to record highs in the past year, advancing almost 23%, after being essentially flat for most of the prior two decades. This creates sustained growth, and it tells us a lot about business confidence.\nThe bottom line: We will see 7%-8% GDP growth this year, followed by 4%-4.5% next year and above average growth after that, supporting a sustained bull market in stocks. Expect the normal corrections along the way.\n2. An under-appreciated earnings boom lies ahead\nThe economic rebound has happened so quickly, analysts can’t keep up. Wall Street analysts project $190 a share in S&P 500 earnings this year. But that is woefully low given the expected 7%-8% GDP growth and massive stimulus that has yet to kick in. Stimulus normally takes six to eight months to take effect, and a lot of the recent dollops happened inside that window.\nPaulsen expects 2021 S&P 500 earnings will be more like $220 instead of the consensus estimate of $190.\n“Analysts are still under-appreciating how much profits have improved and how much they will improve,” says Paulsen. “We had dramatic overreaction from policy officials. They addressed the collapse, but created a massive improvement in fundamentals. This is still playing out in terms of the recovery in profits.”\nPlus, more fiscal stimulus is probably on the way, in the form of infrastructure spending.\n3. There’s a new Fed in town\nFor much of the past three decades, the Fed has been quick to tighten its policy to ward off inflation. The central bank killed off growth in the process. That’s one reason why the past 20 years posted the slowest growth in the post-war era. Now, though, the Fed is much more accommodative and this may likely persist because inflation will remain sluggish (more on this, below).\nHere’s a simple gauge to measure this. Take GDP growth and subtract the yield on 10-year TreasuriesTMUBMUSD10Y,1.359%.This gauge was negative for much of 1980-2010, when the Fed kept growth cool to contain inflation. Now, though, Fed policy is helping to keep 10-year yields well below GDP growth, which allows the economy to run hot. This was the state of affairs during 1950-1965, which some analysts call “the golden age of capitalism” because of the glide path in growth.\n4. Inflation won’t kill the bull\nInflation may rise near term because the economy is so hot. But medium term, the inflation slayers will win out. Here’s a roundup. The population is aging, and older people spend less. The boom in business capital spending will continue to boost productivity at companies. This allows them to avoid passing along rising costs to customers. Global trade and competition have not gone away. This puts downward pressure on prices since goods can be made more cheaply in many foreign countries. Ongoing technological advances continually put downward pressure on tech products.\n5. Valuations will improve\nWe’re now at the phase in the economic rebound where the following dynamic typically plays out. Stocks trade sideways for months, mostly because of worries about inflation and rising bond yields. All the while, the economy and earnings continue to grow, bringing down stock valuations. This dynamic played out at about this point in prior economic rebounds during 1983-84, 1993-94, 2004-05 and 2009-10. In short, we will see a big surge in earnings while the stock market marks time, or even corrects.\nThis will reset stock valuations lower, removing one of the chief concerns among investors — high valuations. If S&P 500 earnings hit $220 by the end of the year and the index is at 4,000 to 4,100 points because of a correction, stocks will be at an 18-19 price earnings ratio — below the average since 1990.\nTrue to form, the Dow Jones Industrial AverageDJIA,+1.30%and the Russell 2000 small-cap index have traded sideways for two to four months. The S&P 500 and Nasdaq recently broke out of trading ranges, but a bigger pullback would send them back into sideways action mode.\n6. Sentiment isn’t extreme\nAs a contrarian, I look for excessive sentiment as a sign that it’s time to raise some cash. We don’t see that yet. A simple gauge to follow is the Investors Intelligence Bull/Bear ratio. It recently came in at 3.92. That’s near the warning path, which for me starts at 4. On the other hand, mutual fund cash was recently at $4.6 trillion, near historical highs. This represents caution among investors.\nThree themes to follow\nIf we are in store for a sustained economic recovery and a multi-year bull market in stocks, it will pay to follow these three themes.\nFavor cyclicals.Stay with economically sensitive businesses and add to your holdings in them on pullbacks. This means cyclical companies in areas like financials, materials, industrials and consumer discretionary businesses.\nAvoid defensives.If you want yield, go with stocks that pay a dividend but also have capital appreciation potential — not steady growth companies selling stuff like consumer staples. On this theme, in my stock letter Brush Up on Stocks (the link is in bio, below) I’ve recently suggested or reiterated Home Depot in retail, B. Riley Financial,a markets and investment banking name, and Regional Management in consumer finance.\nFavor emerging markets.Their growth tends to be higher during expansions. Just be careful with China. It has an aging population. Limited workforce growth may constrain economic growth. Another challenge is that ongoing U.S.-China tensions and the related threat of persistent tariffs and trade barriers have global companies relocating supply chains elsewhere.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":845410878,"gmtCreate":1636359465859,"gmtModify":1636359594888,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>&nbsp;i thought pre market is at 4pm, what happened today.&nbsp;","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>&nbsp;i thought pre market is at 4pm, what happened today.&nbsp;","text":"$Tesla Motors(TSLA)$ i thought pre market is at 4pm, what happened today.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/845410878","isVote":1,"tweetType":1,"viewCount":4839,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":877852392,"gmtCreate":1637917512253,"gmtModify":1637917512540,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIDI\">$DiDi Global Inc.(DIDI)$</a>\"If the privatisation proceeds, the proposal will likely be at least the US$14 IPO price\" does this mean if my average price is 8, i will get back at 14?","listText":"<a href=\"https://laohu8.com/S/DIDI\">$DiDi Global Inc.(DIDI)$</a>\"If the privatisation proceeds, the proposal will likely be at least the US$14 IPO price\" does this mean if my average price is 8, i will get back at 14?","text":"$DiDi Global Inc.(DIDI)$\"If the privatisation proceeds, the proposal will likely be at least the US$14 IPO price\" does this mean if my average price is 8, i will get back at 14?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/877852392","isVote":1,"tweetType":1,"viewCount":4538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":124576213,"gmtCreate":1624775581032,"gmtModify":1633948706566,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"Nio for me. Like please 🌹","listText":"Nio for me. Like please 🌹","text":"Nio for me. Like please 🌹","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/124576213","repostId":"1137119316","repostType":4,"repost":{"id":"1137119316","kind":"news","pubTimestamp":1624754401,"share":"https://www.laohu8.com/m/news/1137119316?lang=zh_CN&edition=full","pubTime":"2021-06-27 08:40","market":"us","language":"en","title":"Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137119316","media":"seekingalpha","summary":"I am comparing Ford against NIO in different categories.The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.NIO is growing a lot faster than Ford and the high valuation may be justified.With Ford  launching a major offensive in the market for electric vehicles, Chinese EV maker NIO  will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在加深对福特和蔚来增长潜力的了解，同时突出市场地位和机会的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock来自Getty Images</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临多一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后做出最终裁决。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特vs蔚来：全球电动车市场争夺战升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司将在快速增长的全球电动汽车市场上展开正面交锋。福特的车队尚未专注于电动汽车，但这种情况将会改变：感觉到电动汽车竞赛正在升温，福特表示正在加速其电气化计划，到2025年投资300B美元用于其电动汽车制造能力。福特之前的资本计划要求对零排放汽车投资220亿美元。福特还设定了一个雄心勃勃的销售目标：未来十年内其全球销量的40%将是电动汽车，皮卡销量的33%将是电动汽车。如今，电动汽车销量仅占福特销量的1%。随着福特逐步淘汰内燃机，它将在2040年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020年，中国购买了全球41%的电动汽车。中国买家去年购买了130万辆电动汽车，随着北京寻求提高电动汽车的采用率，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是世界上插电式电动汽车的第三大市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>迄今为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速赶上，部分原因是立法努力增加零排放乘用车的采用，以及对全欧洲充电站网络的大量投资。蔚来即将进入欧洲市场，以期在竞争准备就绪之前扩大在全球第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>北京是蔚来汽车行业电气化背后的驱动力：政府希望到2025年电动汽车在新车销售中的份额达到20%，这将推动电动汽车在国内市场的渗透率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场有望出现全球最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，中国的电动汽车销量将超过世界上所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长以及更有利的监管框架，因此中国的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有一个世纪的制造经验。但到目前为止，福特的产品线中只有一款全电动汽车可以与蔚来相媲美：野马Mach-E SUV。2022年，福特将开始销售全电动F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来仅专注于生产电动汽车，并且占据了非常小且明确的利基市场，因此这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商所希望的更快的速度提高电动汽车产量。这使得福特不仅在美国成为特斯拉(TSLA)的有力竞争对手，而且在国外也成为蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议在其车队电气化上投入300B美元，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化和BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在一个竞争只会随着时间的推移而变得更加激烈的市场中的重要性，这就是为什么两家公司都在一个可以打破或巩固电动汽车市场主导地位的相关领域：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司SK Innovation组建一家合资企业，以确保牵引电池单元和阵列模块的供应。该合资企业旨在加速电池交付，每年将生产约60 GWh，足以满足福特到2030年预计年度能源需求的25%。蔚来也在投资电池技术，并成立了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特的不同之处在于，蔚来的电池投资策略围绕电池订阅模式，也称为“电池即服务”，这为这家中国汽车制造商创造了强大的长期收入机会。在这种“BaaS”模式下，购买蔚来电动汽车的用户可以获得7万元人民币的初始折扣，相当于1.08万美元，并且可以签约包月租用可充电的70 kWh电池。然后可以在蔚来的一个电池交换站更换电池，该站遍布中国大多数大城市。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于预付折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和更好的性能随着时间的推移。将电池成本与汽车价格脱钩为蔚来创造了一个全新的订阅收入来源。“BaaS”订阅的收入可用于增加蔚来充电/更换站网络的密度。电池订阅模式还将客户与蔚来绑定在一起，有可能增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>福特和蔚来准备从电动汽车电池成本下降中受益，因为它们增加了资本配置。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这将推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车与内燃机乘用车相比更具竞争力。但由于蔚来明确围绕电池订阅构建其商业模式的一部分，蔚来可能比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德(Schroders)提供的信息，自2014年以来，电动汽车的电池成本已下降70%，并且在本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS”模式非常天才，从长远来看，它可能会发展成为蔚来每年5亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特5月份销量同比增长4.1%，但电动汽车销量（包括混合动力汽车）同比飙升184%，福特5月份售出创纪录的10,364辆电动汽车/混合动力汽车。Escape electrified销量和Explorer Hybrid销量同比增长125%和132%，显示出强劲的客户接受度。蔚来上个月交付了6,711辆汽车，其中包括3,017辆ES6、1,412辆ES8和2,282辆EC6。5月份总交付量同比增长率为95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销量是蔚来的54倍，这为蔚来创造了更多的销售增长和价值重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来的估值差异就像白天和黑夜的区别。这是因为尽管电动汽车类别出现爆炸性增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量将实现中低位数增长。预计到2025财年（基准年：2020财年），福特的收入将增长33%，蔚来的收入将增长808%！</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于这些销量增长的差异，蔚来与福特完全相反，至少就估值而言。这家中国电动汽车制造商预计今年的销量和交付量将增长接近100%，由于蔚来只经营电动汽车，蔚来的市值与销售额比率远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来风险更大……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。蔚来的全球总销量增长潜力更大，因为与福特相比，它的收入基础较小。但也有一些事情对蔚来不利。例如，对于蔚来来说，由于生产缺陷而导致的召回将是一个比福特更大的挑战，福特可以依赖全球服务和分销网络。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓将对财务状况造成更大的影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>终审判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更“性感”的汽车制造商。中欧的强劲采用和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，这是天才之举。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着汽车制造商对其车队进行电气化，电动汽车销量的比例将会增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果您相信全球电动汽车市场的潜力并且不喜欢太多风险，请购买福特。</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>Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</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\">\nFord Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-27 08:40</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>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在加深对福特和蔚来增长潜力的了解，同时突出市场地位和机会的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock来自Getty Images</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临多一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后做出最终裁决。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特vs蔚来：全球电动车市场争夺战升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司将在快速增长的全球电动汽车市场上展开正面交锋。福特的车队尚未专注于电动汽车，但这种情况将会改变：感觉到电动汽车竞赛正在升温，福特表示正在加速其电气化计划，到2025年投资300B美元用于其电动汽车制造能力。福特之前的资本计划要求对零排放汽车投资220亿美元。福特还设定了一个雄心勃勃的销售目标：未来十年内其全球销量的40%将是电动汽车，皮卡销量的33%将是电动汽车。如今，电动汽车销量仅占福特销量的1%。随着福特逐步淘汰内燃机，它将在2040年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020年，中国购买了全球41%的电动汽车。中国买家去年购买了130万辆电动汽车，随着北京寻求提高电动汽车的采用率，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是世界上插电式电动汽车的第三大市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>迄今为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速赶上，部分原因是立法努力增加零排放乘用车的采用，以及对全欧洲充电站网络的大量投资。蔚来即将进入欧洲市场，以期在竞争准备就绪之前扩大在全球第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>北京是蔚来汽车行业电气化背后的驱动力：政府希望到2025年电动汽车在新车销售中的份额达到20%，这将推动电动汽车在国内市场的渗透率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场有望出现全球最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，中国的电动汽车销量将超过世界上所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长以及更有利的监管框架，因此中国的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有一个世纪的制造经验。但到目前为止，福特的产品线中只有一款全电动汽车可以与蔚来相媲美：野马Mach-E SUV。2022年，福特将开始销售全电动F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来仅专注于生产电动汽车，并且占据了非常小且明确的利基市场，因此这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商所希望的更快的速度提高电动汽车产量。这使得福特不仅在美国成为特斯拉(TSLA)的有力竞争对手，而且在国外也成为蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议在其车队电气化上投入300B美元，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化和BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在一个竞争只会随着时间的推移而变得更加激烈的市场中的重要性，这就是为什么两家公司都在一个可以打破或巩固电动汽车市场主导地位的相关领域：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司SK Innovation组建一家合资企业，以确保牵引电池单元和阵列模块的供应。该合资企业旨在加速电池交付，每年将生产约60 GWh，足以满足福特到2030年预计年度能源需求的25%。蔚来也在投资电池技术，并成立了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特的不同之处在于，蔚来的电池投资策略围绕电池订阅模式，也称为“电池即服务”，这为这家中国汽车制造商创造了强大的长期收入机会。在这种“BaaS”模式下，购买蔚来电动汽车的用户可以获得7万元人民币的初始折扣，相当于1.08万美元，并且可以签约包月租用可充电的70 kWh电池。然后可以在蔚来的一个电池交换站更换电池，该站遍布中国大多数大城市。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于预付折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和更好的性能随着时间的推移。将电池成本与汽车价格脱钩为蔚来创造了一个全新的订阅收入来源。“BaaS”订阅的收入可用于增加蔚来充电/更换站网络的密度。电池订阅模式还将客户与蔚来绑定在一起，有可能增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>福特和蔚来准备从电动汽车电池成本下降中受益，因为它们增加了资本配置。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这将推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车与内燃机乘用车相比更具竞争力。但由于蔚来明确围绕电池订阅构建其商业模式的一部分，蔚来可能比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德(Schroders)提供的信息，自2014年以来，电动汽车的电池成本已下降70%，并且在本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS”模式非常天才，从长远来看，它可能会发展成为蔚来每年5亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特5月份销量同比增长4.1%，但电动汽车销量（包括混合动力汽车）同比飙升184%，福特5月份售出创纪录的10,364辆电动汽车/混合动力汽车。Escape electrified销量和Explorer Hybrid销量同比增长125%和132%，显示出强劲的客户接受度。蔚来上个月交付了6,711辆汽车，其中包括3,017辆ES6、1,412辆ES8和2,282辆EC6。5月份总交付量同比增长率为95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销量是蔚来的54倍，这为蔚来创造了更多的销售增长和价值重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来的估值差异就像白天和黑夜的区别。这是因为尽管电动汽车类别出现爆炸性增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量将实现中低位数增长。预计到2025财年（基准年：2020财年），福特的收入将增长33%，蔚来的收入将增长808%！</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于这些销量增长的差异，蔚来与福特完全相反，至少就估值而言。这家中国电动汽车制造商预计今年的销量和交付量将增长接近100%，由于蔚来只经营电动汽车，蔚来的市值与销售额比率远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来风险更大……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。蔚来的全球总销量增长潜力更大，因为与福特相比，它的收入基础较小。但也有一些事情对蔚来不利。例如，对于蔚来来说，由于生产缺陷而导致的召回将是一个比福特更大的挑战，福特可以依赖全球服务和分销网络。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓将对财务状况造成更大的影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>终审判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更“性感”的汽车制造商。中欧的强劲采用和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，这是天才之举。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着汽车制造商对其车队进行电气化，电动汽车销量的比例将会增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果您相信全球电动汽车市场的潜力并且不喜欢太多风险，请购买福特。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137119316","content_text":"Summary\n\nI am comparing Ford against NIO in different categories.\nThe comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.\nNIO is growing a lot faster than Ford and the high valuation may be justified.\n\npeterschreiber.media/iStock via Getty Images\nWith Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.\nFord vs. NIO: The battle for the global electric vehicle market is heating up\nAlthough there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing $30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.\nMarket opportunity\nIn 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.\n(Source: Wikipedia)\nChina, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is on the cusp of entering the European market in a bid to grow market share in the world’s second-largest EV market before the competition is ready.\nBeijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a twenty percent share of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.\n(Source:Schroders)\nTurning to growth projections.\nWith more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.\n(Source:McKinsey)\nSince China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.\nScale and manufacturing competence\nFord has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.\nSince NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.\nWinner here: Ford.\nDifferentiation and BaaS revenue model\nBoth Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.\nFord is forming a joint venture with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has formed its own joint venture to secure battery supply.\nThe difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.\nThe BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.\nFord and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.\nBattery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.\n(Source: Schroders)\nThe “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.\nSales growth and valuation\nFord’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.\nFord's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.\nData by YCharts\nThe difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!\nDue to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.\n(Source: Author)\nNIO has larger risks...\nNIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.\nFinal verdict\nNIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.\nFord’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.\nIf you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.","news_type":1,"symbols_score_info":{"NIO":0.9,"F":0.9}},"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895356878,"gmtCreate":1628725923694,"gmtModify":1633744869826,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"Go Nio Go!!!!!!&nbsp;","listText":"Go Nio Go!!!!!!&nbsp;","text":"Go Nio Go!!!!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/895356878","repostId":"1106699544","repostType":4,"repost":{"id":"1106699544","kind":"news","pubTimestamp":1628723648,"share":"https://www.laohu8.com/m/news/1106699544?lang=zh_CN&edition=full","pubTime":"2021-08-12 07:14","market":"hk","language":"en","title":"Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises<blockquote>蔚来股票：随着收入增长，电动汽车制造商第二季度亏损收窄</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106699544","media":"The Street","summary":"Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.Nio  -Get Report posted better-than-expected second-quarter earnings Wednesday as the Chinese electric vehicle company reported a jump in revenue and raised its guidance.Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.Nio reported a net loss of 7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.Rev","content":"<p>  Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.  Nio&nbsp;(<b>NIO</b>) -Get Report&nbsp;posted better-than-expected second-quarter earnings Wednesday as&nbsp;the Chinese electric vehicle company reported a jump in revenue and raised its guidance.</p><p><blockquote>蔚来第二季度汽车销量飙升127%，超出华尔街预期。蔚来(<b>蔚来</b>)-Get Report周三公布了好于预期的第二季度收益，这家中国电动汽车公司报告收入大幅增长并上调了指引。</blockquote></p><p> Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.<img src=\"https://static.tigerbbs.com/a746dc007dc46d29bf188a45bbc86aec\" tg-width=\"708\" tg-height=\"524\" referrerpolicy=\"no-referrer\">Nio reported a net loss of&nbsp;7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.</p><p><blockquote>这家上海公司的股价在盘后交易中基本持平于43.99美元。蔚来报告每股净亏损7美分。调整后每股亏损为3美分。FactSet调查的分析师预计每股亏损9美分。</blockquote></p><p> Revenue totaled $1.31 billion, up 127.2% from a year ago. The FactSet consensus called for revenue of $1.30 billion.<img src=\"https://static.tigerbbs.com/63e109b5f649ae97d7a9d377b88b71e9\" tg-width=\"1797\" tg-height=\"471\" referrerpolicy=\"no-referrer\">Vehicle sales came to $1.23 billion, up 127% from a year ago.</p><p><blockquote>收入总计13.1亿美元，同比增长127.2%。FactSet共识要求收入为13亿美元。汽车销售额达到12.3亿美元，同比增长127%。</blockquote></p><p> The company said the increase in vehicle sales in the quarter was mainly attributed to higher deliveries achieved from more product mix offered to Nio's users.</p><p><blockquote>该公司表示，本季度汽车销量的增长主要归因于向蔚来用户提供的更多产品组合实现了更高的交付量。</blockquote></p><p> Niodelivered 7,931 vehicles in July, up 124.5% year-over-year,&nbsp;but down 1.9% from 8,083 in June.<img src=\"https://static.tigerbbs.com/8bf75d58d683b265aadac1f3bad5be7c\" tg-width=\"1690\" tg-height=\"245\" referrerpolicy=\"no-referrer\">For the third quarter, Nio is said it expects to deliver between 23,00 and 25,000 vehicles, up 88.4% to 104.8% from a year ago.</p><p><blockquote>蔚来汽车7月份交付了7,931辆汽车，同比增长124.5%，但较6月份的8,083辆下降了1.9%。蔚来表示，第三季度预计将交付23,000至25,000辆汽车，同比增长88.4%至104.8%。</blockquote></p><p> Revenue for the third quarter is expected to range from $1.38 billion to $1.49 billion, up 96.9% to 112.8% from a year ago.&nbsp;FactSet is calling for revenue of $1.32 billion.</p><p><blockquote>第三季度营收预计在13.8亿美元至14.9亿美元之间，同比增长96.9%至112.8%。FactSet预计营收为13.2亿美元。</blockquote></p><p> William Bin Li, Nio's founder, chairman and CEO, said in a statement that the company achieved&nbsp;a record-high quarterly delivery of 21,896 vehicles in the second quarter of 2021:</p><p><blockquote>蔚来创始人、董事长兼首席执行官William Bin Li在一份声明中表示，该公司在2021年第二季度实现了创纪录的21896辆季度交付量：</blockquote></p><p> \"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,\" Bin said. \"We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan.\"</p><p><blockquote>“虽然全球供应链仍面临不确定性，但我们一直在与合作伙伴密切合作，以提高整体供应链生产能力，”Bin说。“我们的目标是在2022年交付三款基于蔚来技术平台2.0的新产品，包括旗舰级高端智能电动轿车ET7。”</blockquote></p><p> Steven Wei Feng, Nio's chief financial officer, said&nbsp;vehicle margin and gross margin reached 20.3% and 18.6% respectively.</p><p><blockquote>蔚来首席财务官Steven Wei Feng表示，整车利润率和毛利率分别达到20.3%和18.6%。</blockquote></p><p> The increase of vehicle margin was mainly driven by the increase of vehicle delivery volume, higher average selling price, as well as lower material cost, the company said.</p><p><blockquote>该公司表示，车辆利润率的增长主要是由于车辆交付量的增加、平均售价的提高以及材料成本的降低。</blockquote></p><p> Last month, Nio&nbsp;saidthat by the end of 2025it planned to add 3,700 battery-swap stations, which would give it 4,000.</p><p><blockquote>上个月，蔚来表示，计划到2025年底增加3,700个电池交换站，这将使其达到4,000个。</blockquote></p><p></p>","source":"lsy1610613172068","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>Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises<blockquote>蔚来股票：随着收入增长，电动汽车制造商第二季度亏损收窄</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\">\nNio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises<blockquote>蔚来股票：随着收入增长，电动汽车制造商第二季度亏损收窄</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-08-12 07:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.  Nio&nbsp;(<b>NIO</b>) -Get Report&nbsp;posted better-than-expected second-quarter earnings Wednesday as&nbsp;the Chinese electric vehicle company reported a jump in revenue and raised its guidance.</p><p><blockquote>蔚来第二季度汽车销量飙升127%，超出华尔街预期。蔚来(<b>蔚来</b>)-Get Report周三公布了好于预期的第二季度收益，这家中国电动汽车公司报告收入大幅增长并上调了指引。</blockquote></p><p> Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.<img src=\"https://static.tigerbbs.com/a746dc007dc46d29bf188a45bbc86aec\" tg-width=\"708\" tg-height=\"524\" referrerpolicy=\"no-referrer\">Nio reported a net loss of&nbsp;7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.</p><p><blockquote>这家上海公司的股价在盘后交易中基本持平于43.99美元。蔚来报告每股净亏损7美分。调整后每股亏损为3美分。FactSet调查的分析师预计每股亏损9美分。</blockquote></p><p> Revenue totaled $1.31 billion, up 127.2% from a year ago. The FactSet consensus called for revenue of $1.30 billion.<img src=\"https://static.tigerbbs.com/63e109b5f649ae97d7a9d377b88b71e9\" tg-width=\"1797\" tg-height=\"471\" referrerpolicy=\"no-referrer\">Vehicle sales came to $1.23 billion, up 127% from a year ago.</p><p><blockquote>收入总计13.1亿美元，同比增长127.2%。FactSet共识要求收入为13亿美元。汽车销售额达到12.3亿美元，同比增长127%。</blockquote></p><p> The company said the increase in vehicle sales in the quarter was mainly attributed to higher deliveries achieved from more product mix offered to Nio's users.</p><p><blockquote>该公司表示，本季度汽车销量的增长主要归因于向蔚来用户提供的更多产品组合实现了更高的交付量。</blockquote></p><p> Niodelivered 7,931 vehicles in July, up 124.5% year-over-year,&nbsp;but down 1.9% from 8,083 in June.<img src=\"https://static.tigerbbs.com/8bf75d58d683b265aadac1f3bad5be7c\" tg-width=\"1690\" tg-height=\"245\" referrerpolicy=\"no-referrer\">For the third quarter, Nio is said it expects to deliver between 23,00 and 25,000 vehicles, up 88.4% to 104.8% from a year ago.</p><p><blockquote>蔚来汽车7月份交付了7,931辆汽车，同比增长124.5%，但较6月份的8,083辆下降了1.9%。蔚来表示，第三季度预计将交付23,000至25,000辆汽车，同比增长88.4%至104.8%。</blockquote></p><p> Revenue for the third quarter is expected to range from $1.38 billion to $1.49 billion, up 96.9% to 112.8% from a year ago.&nbsp;FactSet is calling for revenue of $1.32 billion.</p><p><blockquote>第三季度营收预计在13.8亿美元至14.9亿美元之间，同比增长96.9%至112.8%。FactSet预计营收为13.2亿美元。</blockquote></p><p> William Bin Li, Nio's founder, chairman and CEO, said in a statement that the company achieved&nbsp;a record-high quarterly delivery of 21,896 vehicles in the second quarter of 2021:</p><p><blockquote>蔚来创始人、董事长兼首席执行官William Bin Li在一份声明中表示，该公司在2021年第二季度实现了创纪录的21896辆季度交付量：</blockquote></p><p> \"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,\" Bin said. \"We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan.\"</p><p><blockquote>“虽然全球供应链仍面临不确定性，但我们一直在与合作伙伴密切合作，以提高整体供应链生产能力，”Bin说。“我们的目标是在2022年交付三款基于蔚来技术平台2.0的新产品，包括旗舰级高端智能电动轿车ET7。”</blockquote></p><p> Steven Wei Feng, Nio's chief financial officer, said&nbsp;vehicle margin and gross margin reached 20.3% and 18.6% respectively.</p><p><blockquote>蔚来首席财务官Steven Wei Feng表示，整车利润率和毛利率分别达到20.3%和18.6%。</blockquote></p><p> The increase of vehicle margin was mainly driven by the increase of vehicle delivery volume, higher average selling price, as well as lower material cost, the company said.</p><p><blockquote>该公司表示，车辆利润率的增长主要是由于车辆交付量的增加、平均售价的提高以及材料成本的降低。</blockquote></p><p> Last month, Nio&nbsp;saidthat by the end of 2025it planned to add 3,700 battery-swap stations, which would give it 4,000.</p><p><blockquote>上个月，蔚来表示，计划到2025年底增加3,700个电池交换站，这将使其达到4,000个。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/nio-stock-ev-makers-second-quarter-loss-narrows-as-revenue-rises\">The Street</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":{"NIO":"蔚来"},"source_url":"https://www.thestreet.com/investing/nio-stock-ev-makers-second-quarter-loss-narrows-as-revenue-rises","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106699544","content_text":"Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.\n\nNio (NIO) -Get Report posted better-than-expected second-quarter earnings Wednesday as the Chinese electric vehicle company reported a jump in revenue and raised its guidance.\nShares of the Shanghai company were essentially flat at $43.99 in after-hours trading.Nio reported a net loss of 7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.\nRevenue totaled $1.31 billion, up 127.2% from a year ago. The FactSet consensus called for revenue of $1.30 billion.Vehicle sales came to $1.23 billion, up 127% from a year ago.\nThe company said the increase in vehicle sales in the quarter was mainly attributed to higher deliveries achieved from more product mix offered to Nio's users.\nNiodelivered 7,931 vehicles in July, up 124.5% year-over-year, but down 1.9% from 8,083 in June.For the third quarter, Nio is said it expects to deliver between 23,00 and 25,000 vehicles, up 88.4% to 104.8% from a year ago.\nRevenue for the third quarter is expected to range from $1.38 billion to $1.49 billion, up 96.9% to 112.8% from a year ago. FactSet is calling for revenue of $1.32 billion.\nWilliam Bin Li, Nio's founder, chairman and CEO, said in a statement that the company achieved a record-high quarterly delivery of 21,896 vehicles in the second quarter of 2021:\n\"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,\" Bin said. \"We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan.\"\nSteven Wei Feng, Nio's chief financial officer, said vehicle margin and gross margin reached 20.3% and 18.6% respectively.\nThe increase of vehicle margin was mainly driven by the increase of vehicle delivery volume, higher average selling price, as well as lower material cost, the company said.\nLast month, Nio saidthat by the end of 2025it planned to add 3,700 battery-swap stations, which would give it 4,000.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371832092,"gmtCreate":1618926127916,"gmtModify":1634289858881,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"like and comment please&nbsp;","listText":"like and comment please&nbsp;","text":"like and comment 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Inc.(U)$😊😊","images":[{"img":"https://static.tigerbbs.com/9dcc9b7445d9bf4b12cc521285f21725","width":"1152","height":"2048"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/844307270","isVote":1,"tweetType":1,"viewCount":2732,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":375530951,"gmtCreate":1619358733073,"gmtModify":1634274028791,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"Like and comment please :)&nbsp;","listText":"Like and comment please :)&nbsp;","text":"Like and comment please 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Pleaseeeeeeee. I mistakenly sold too much. Planning to hold long de...&nbsp;","listText":"Please fall to 30. Pleaseeeeeeee. I mistakenly sold too much. Planning to hold long de...&nbsp;","text":"Please fall to 30. Pleaseeeeeeee. I mistakenly sold too much. Planning to hold long de...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/175432700","repostId":"2153092983","repostType":4,"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148595082,"gmtCreate":1625985215046,"gmtModify":1633931080008,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"Kindly like please&nbsp;","listText":"Kindly like please&nbsp;","text":"Kindly like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/148595082","repostId":"1185154176","repostType":4,"repost":{"id":"1185154176","kind":"news","pubTimestamp":1625886925,"share":"https://www.laohu8.com/m/news/1185154176?lang=zh_CN&edition=full","pubTime":"2021-07-10 11:15","market":"us","language":"en","title":"The bull market in stocks may last up to five years — here are six reasons why<blockquote>股市牛市可能持续长达五年——以下是六个原因</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185154176","media":"marketwatch","summary":"The economy is booming, earnings are rising, and the Federal Reserve is giving unprecedented support. When the stock market sells off, as it did Thursday, the right move was to buy your favorite stocks. Friday’s market action proved that.We are still only in the early stages of what is going to be a three- to five-year bull market in stocks, for these six reasons.Behind the scenes, consumers have massive unspent savings because they hunkered down for the pandemic. The personal savings rate hit n","content":"<p>The economy is booming, earnings are rising, and the Federal Reserve is giving unprecedented support</p><p><blockquote>经济蓬勃发展，盈利上升，美联储给予前所未有的支持</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/16f57eb7b0f75afb2f46b6d61281db87\" tg-width=\"1260\" tg-height=\"839\"><span>(Photo by Jorge Guerrero/AFP via Getty Images)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（豪尔赫·格雷罗/法新社，盖蒂图片社摄）</span></p></blockquote></p><p> When the stock market sells off, as it did Thursday, the right move was to buy your favorite stocks. Friday’s market action proved that.</p><p><blockquote>当股市抛售时，就像周四一样，正确的做法是购买你最喜欢的股票。周五的市场走势证明了这一点。</blockquote></p><p> It’s true that there could be a correction, given the already sizable 17% gain in the S&amp;P 500 Index&nbsp;this year. But you should buy then, too.</p><p><blockquote>鉴于标普500指数今年已经大幅上涨17%，确实可能会出现回调。但你也应该买。</blockquote></p><p> Here’s why.</p><p><blockquote>原因如下。</blockquote></p><p> We are still only in the early stages of what is going to be a three- to five-year bull market in stocks, for these six reasons.</p><p><blockquote>由于这六个原因，我们仍处于股市三到五年牛市的早期阶段。</blockquote></p><p> <b>1. There’s tremendous pent-up demand</b></p><p><blockquote><b>1.有巨大的被压抑的需求</b></blockquote></p><p> Everyone is looking to the Federal Reserve for cues about stimulus. They are overlooking private-sector forces that will push stocks higher. To sum up, there’s huge pent-up private-sector demand that will help propel U.S. GDP growth to 8% this year and 3.5%-4.5% for years after that. The pent-up demand comes from the following sources, points out Jim Paulsen, chief strategist and economist at the Leuthold Group.</p><p><blockquote>每个人都在向美联储寻求有关刺激的线索。他们忽视了将推高股市的私营部门力量。总而言之，被压抑的私营部门需求将有助于推动美国今年的GDP增长达到8%，并在此后几年达到3.5%-4.5%。Leuthold Group首席策略师兼经济学家吉姆·保尔森指出，被压抑的需求来自以下来源。</blockquote></p><p> First, there’s been a surge in household formation, as millennials hit the family years. This helps explain the big uptick in home demand. Once you buy a house, you have to fill it up with stuff. More consumer demand on the way.</p><p><blockquote>首先，随着千禧一代进入家庭年，家庭组建激增。这有助于解释家庭需求的大幅上升。一旦你买了房子，你就必须用东西填满它。更多的消费者需求即将到来。</blockquote></p><p> Behind the scenes, consumers have massive unspent savings because they hunkered down for the pandemic. The personal savings rate hit nearly 16% of GDP, compared to a post war average of 6.5%. The prior high was 10% in 1970s.</p><p><blockquote>在幕后，消费者有大量未用完的储蓄，因为他们为疫情做好了准备。个人储蓄率接近GDP的16%，而战后的平均水平为6.5%。之前的高点是20世纪70年代的10%。</blockquote></p><p> Relatedly, household balance sheets improved remarkably. Debt-to-income ratios are the lowest since the 1990s. Consumers will continue to tap more bank loans and credit card capacity, as their confidence increases because employment and the economy remain strong.</p><p><blockquote>与此相关的是，家庭资产负债表显著改善。债务收入比是20世纪90年代以来的最低水平。消费者将继续利用更多的银行贷款和信用卡容量，因为就业和经济保持强劲，他们的信心增强。</blockquote></p><p> Next, there will be plenty more newly employed people once the extra unemployment benefits expire in September. This means consumer confidence will improve, which invariably boosts economic growth. The labor participation rate has room to improve, leaving spare employment capacity before we hit the full employment that can cap economic growth.</p><p><blockquote>接下来，一旦额外的失业救济金在9月份到期，将会有更多的新就业人口。这意味着消费者信心将会提高，这必然会促进经济增长。劳动参与率还有提高的空间，在我们达到可以限制经济增长的充分就业之前，留下了闲置的就业能力。</blockquote></p><p> Now let’s look at the pent-up demand in businesses.</p><p><blockquote>现在让我们看看企业被压抑的需求。</blockquote></p><p> You know all the shortages of stuff you keep running into or hearing about? Here’s why this is happening. To prepare for a prolonged epidemic, businesses cut inventories to the bone. It was the biggest inventory liquidation ever. But now, companies have to build back inventories. The ongoing inventory rebuild will be huge.</p><p><blockquote>你知道你经常遇到或听说的所有短缺的东西吗？这就是为什么会发生这种情况。为了应对长期的疫情，企业大幅削减库存。这是有史以来最大的库存清理。但现在，企业不得不重建库存。正在进行的库存重建将是巨大的。</blockquote></p><p> Companies also cut capacity, which they are building out again. Capital goods spending surged to record highs in the past year, advancing almost 23%, after being essentially flat for most of the prior two decades. This creates sustained growth, and it tells us a lot about business confidence.</p><p><blockquote>公司也削减了产能，并再次扩大产能。资本货物支出在过去二十年的大部分时间里基本持平，去年飙升至历史新高，增长了近23%。这创造了持续的增长，它告诉我们很多关于商业信心的信息。</blockquote></p><p> <b>The bottom line</b>: We will see 7%-8% GDP growth this year, followed by 4%-4.5% next year and above average growth after that, supporting a sustained bull market in stocks. Expect the normal corrections along the way.</p><p><blockquote><b>底线</b>：我们今年将看到7%-8%的GDP增长，明年将达到4%-4.5%，之后将高于平均水平的增长，支持股市持续牛市。期待一路上的正常修正。</blockquote></p><p> <b>2. An under-appreciated earnings boom lies ahead</b></p><p><blockquote><b>2.被低估的盈利繁荣即将到来</b></blockquote></p><p> The economic rebound has happened so quickly, analysts can’t keep up. Wall Street analysts project $190 a share in S&amp;P 500 earnings this year. But that is woefully low given the expected 7%-8% GDP growth and massive stimulus that has yet to kick in. Stimulus normally takes six to eight months to take effect, and a lot of the recent dollops happened inside that window.</p><p><blockquote>经济反弹发生得如此之快，分析师们跟不上。分析师预计标普500今年的每股收益为190美元。但考虑到预期的7%-8%的GDP增长和尚未生效的大规模刺激措施，这一数字低得可怜。刺激通常需要六到八个月才能生效，最近的很多刺激都发生在这个窗口内。</blockquote></p><p> Paulsen expects 2021 S&amp;P 500 earnings will be more like $220 instead of the consensus estimate of $190.</p><p><blockquote>保尔森预计，2021年标普500的盈利将更接近220美元，而不是普遍预期的190美元。</blockquote></p><p> “Analysts are still under-appreciating how much profits have improved and how much they will improve,” says Paulsen. “We had dramatic overreaction from policy officials. They addressed the collapse, but created a massive improvement in fundamentals. This is still playing out in terms of the recovery in profits.”</p><p><blockquote>保尔森表示：“分析师仍然低估了利润的改善程度以及将会改善多少。”“我们从政策官员那里得到了戏剧性的过度反应。他们解决了崩溃的问题，但在基本面上创造了巨大的改善。这在利润复苏方面仍在发挥作用。”</blockquote></p><p> Plus, more fiscal stimulus is probably on the way, in the form of infrastructure spending.</p><p><blockquote>此外，更多的财政刺激可能即将以基础设施支出的形式出现。</blockquote></p><p> <b>3. There’s a new Fed in town</b></p><p><blockquote><b>3.城里有一个新的美联储</b></blockquote></p><p> For much of the past three decades, the Fed has been quick to tighten its policy to ward off inflation. The central bank killed off growth in the process. That’s one reason why the past 20 years posted the slowest growth in the post-war era. Now, though, the Fed is much more accommodative and this may likely persist because inflation will remain sluggish (more on this, below).</p><p><blockquote>在过去三十年的大部分时间里，美联储一直在迅速收紧政策以抵御通胀。在此过程中，央行扼杀了经济增长。这就是过去20年是战后经济增长最慢的原因之一。然而现在，美联储更加宽松，这种情况可能会持续下去，因为通胀将保持低迷（更多内容见下文）。</blockquote></p><p></p><p> Here’s a simple gauge to measure this. Take GDP growth and subtract the yield on 10-year TreasuriesTMUBMUSD10Y,1.359%.This gauge was negative for much of 1980-2010, when the Fed kept growth cool to contain inflation. Now, though, Fed policy is helping to keep 10-year yields well below GDP growth, which allows the economy to run hot. This was the state of affairs during 1950-1965, which some analysts call “the golden age of capitalism” because of the glide path in growth.</p><p><blockquote>这里有一个简单的衡量标准来衡量这一点。以GDP增长减去10年期国债收益率MUBMUSD10Y，1.359%。该指标在1980年至2010年的大部分时间里都为负值，当时美联储保持增长降温以遏制通胀。但现在，美联储的政策正在帮助将10年期国债收益率保持在远低于GDP增长的水平，从而使经济过热。这就是1950-1965年的情况，一些分析家将其看涨期权为“资本主义的黄金时代”，因为增长的下滑路径。</blockquote></p><p> <b>4. Inflation won’t kill the bull</b></p><p><blockquote><b>4.通货膨胀不会杀死公牛</b></blockquote></p><p> Inflation may rise near term because the economy is so hot. But medium term, the inflation slayers will win out. Here’s a roundup. The population is aging, and older people spend less. The boom in business capital spending will continue to boost productivity at companies. This allows them to avoid passing along rising costs to customers. Global trade and competition have not gone away. This puts downward pressure on prices since goods can be made more cheaply in many foreign countries. Ongoing technological advances continually put downward pressure on tech products.</p><p><blockquote>由于经济如此火爆，通胀短期内可能会上升。但从中期来看，通胀杀手将获胜。这是一个综述。人口老龄化，老年人消费减少。企业资本支出的繁荣将继续提高企业的生产率。这使他们能够避免将上升的成本转嫁给客户。全球贸易和竞争并没有消失。这给价格带来了下行压力，因为在许多外国可以更便宜地制造商品。持续的技术进步不断给科技产品带来下行压力。</blockquote></p><p> <b>5. Valuations will improve</b></p><p><blockquote><b>五、估值将改善</b></blockquote></p><p> We’re now at the phase in the economic rebound where the following dynamic typically plays out. Stocks trade sideways for months, mostly because of worries about inflation and rising bond yields. All the while, the economy and earnings continue to grow, bringing down stock valuations. This dynamic played out at about this point in prior economic rebounds during 1983-84, 1993-94, 2004-05 and 2009-10. In short, we will see a big surge in earnings while the stock market marks time, or even corrects.</p><p><blockquote>我们现在正处于经济反弹的阶段，通常会出现以下动态。股市连续几个月横盘整理，主要是因为对通胀和债券收益率上升的担忧。与此同时，经济和盈利持续增长，压低了股票估值。在1983-84年、1993-94年、2004-05年和2009-10年的经济反弹中，这种动态大约在这一点上发挥了作用。简而言之，我们将看到盈利大幅飙升，而股市则标志着时间的到来，甚至是回调。</blockquote></p><p> This will reset stock valuations lower, removing one of the chief concerns among investors — high valuations. If S&amp;P 500 earnings hit $220 by the end of the year and the index is at 4,000 to 4,100 points because of a correction, stocks will be at an 18-19 price earnings ratio — below the average since 1990.</p><p><blockquote>这将降低股票估值，消除投资者的主要担忧之一——高估值。如果标普500的盈利在年底达到220美元，并且该指数因回调而达到4,000至4,100点，那么股票的市盈率将达到18-19倍，低于1990年以来的平均水平。</blockquote></p><p> True to form, the Dow Jones Industrial AverageDJIA,+1.30%and the Russell 2000&nbsp;small-cap index have traded sideways for two to four months. The S&amp;P 500 and Nasdaq&nbsp;recently broke out of trading ranges, but a bigger pullback would send them back into sideways action mode.</p><p><blockquote>与往常一样，道琼斯工业平均指数DJIA(+1.30%)和罗素2000小盘股指数已经横盘整理了两到四个月。标普500和纳斯达克最近突破了交易区间，但更大的回调将使它们重新进入横盘整理模式。</blockquote></p><p> <b>6. Sentiment isn’t extreme</b></p><p><blockquote><b>6.情绪并不极端</b></blockquote></p><p> As a contrarian, I look for excessive sentiment as a sign that it’s time to raise some cash. We don’t see that yet. A simple gauge to follow is the Investors Intelligence Bull/Bear ratio. It recently came in at 3.92. That’s near the warning path, which for me starts at 4. On the other hand, mutual fund cash was recently at $4.6 trillion, near historical highs. This represents caution among investors.</p><p><blockquote>作为一名逆向投资者，我将过度情绪视为是时候筹集一些现金的迹象。我们还没有看到这一点。一个简单的衡量标准是投资者情报牛熊比率。最近的价格是3.92。那是在警告路径附近，对我来说从4点开始。另一方面，共同基金现金最近为4.6万亿美元，接近历史高位。这代表了投资者的谨慎态度。</blockquote></p><p> <b>Three themes to follow</b></p><p><blockquote><b>遵循三个主题</b></blockquote></p><p> If we are in store for a sustained economic recovery and a multi-year bull market in stocks, it will pay to follow these three themes.</p><p><blockquote>如果我们即将迎来持续的经济复苏和股市多年牛市，那么遵循这三个主题是值得的。</blockquote></p><p> <b>Favor cyclicals.</b>Stay with economically sensitive businesses and add to your holdings in them on pullbacks. This means cyclical companies in areas like financials, materials, industrials and consumer discretionary businesses.</p><p><blockquote><b>青睐周期性股票。</b>继续投资对经济敏感的企业，并在回调时增持这些企业。这意味着金融、材料、工业和非必需消费品业务等领域的周期性公司。</blockquote></p><p> <b>Avoid defensives.</b>If you want yield, go with stocks that pay a dividend but also have capital appreciation potential — not steady growth companies selling stuff like consumer staples. On this theme, in my stock letter Brush Up on Stocks (the link is in bio, below) I’ve recently suggested or reiterated Home Depot&nbsp;in retail, B. Riley Financial,a markets and investment banking name, and Regional Management&nbsp;in consumer finance.</p><p><blockquote><b>避免防御。</b>如果您想要收益，请选择支付股息但具有资本增值潜力的股票，而不是销售消费品等稳定增长的公司。关于这个主题，在我的股票信Brush Up on Stocks（链接在下面的简介中）中，我最近建议或重申了零售业的家得宝、市场和投资银行名称B.Riley Financial以及消费者金融领域的区域管理。</blockquote></p><p> <b>Favor emerging markets.</b>Their growth tends to be higher during expansions. Just be careful with China. It has an aging population. Limited workforce growth may constrain economic growth. Another challenge is that ongoing U.S.-China tensions and the related threat of persistent tariffs and trade barriers have global companies relocating supply chains elsewhere.</p><p><blockquote><b>青睐新兴市场。</b>在扩张期间，它们的增长率往往更高。小心中国。它的人口正在老龄化。劳动力增长有限可能会限制经济增长。另一个挑战是，持续的美中紧张局势以及持续关税和贸易壁垒的相关威胁导致全球公司将供应链转移到其他地方。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The bull market in stocks may last up to five years — here are six reasons why<blockquote>股市牛市可能持续长达五年——以下是六个原因</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe bull market in stocks may last up to five years — here are six reasons why<blockquote>股市牛市可能持续长达五年——以下是六个原因</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-07-10 11:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The economy is booming, earnings are rising, and the Federal Reserve is giving unprecedented support</p><p><blockquote>经济蓬勃发展，盈利上升，美联储给予前所未有的支持</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/16f57eb7b0f75afb2f46b6d61281db87\" tg-width=\"1260\" tg-height=\"839\"><span>(Photo by Jorge Guerrero/AFP via Getty Images)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（豪尔赫·格雷罗/法新社，盖蒂图片社摄）</span></p></blockquote></p><p> When the stock market sells off, as it did Thursday, the right move was to buy your favorite stocks. Friday’s market action proved that.</p><p><blockquote>当股市抛售时，就像周四一样，正确的做法是购买你最喜欢的股票。周五的市场走势证明了这一点。</blockquote></p><p> It’s true that there could be a correction, given the already sizable 17% gain in the S&amp;P 500 Index&nbsp;this year. But you should buy then, too.</p><p><blockquote>鉴于标普500指数今年已经大幅上涨17%，确实可能会出现回调。但你也应该买。</blockquote></p><p> Here’s why.</p><p><blockquote>原因如下。</blockquote></p><p> We are still only in the early stages of what is going to be a three- to five-year bull market in stocks, for these six reasons.</p><p><blockquote>由于这六个原因，我们仍处于股市三到五年牛市的早期阶段。</blockquote></p><p> <b>1. There’s tremendous pent-up demand</b></p><p><blockquote><b>1.有巨大的被压抑的需求</b></blockquote></p><p> Everyone is looking to the Federal Reserve for cues about stimulus. They are overlooking private-sector forces that will push stocks higher. To sum up, there’s huge pent-up private-sector demand that will help propel U.S. GDP growth to 8% this year and 3.5%-4.5% for years after that. The pent-up demand comes from the following sources, points out Jim Paulsen, chief strategist and economist at the Leuthold Group.</p><p><blockquote>每个人都在向美联储寻求有关刺激的线索。他们忽视了将推高股市的私营部门力量。总而言之，被压抑的私营部门需求将有助于推动美国今年的GDP增长达到8%，并在此后几年达到3.5%-4.5%。Leuthold Group首席策略师兼经济学家吉姆·保尔森指出，被压抑的需求来自以下来源。</blockquote></p><p> First, there’s been a surge in household formation, as millennials hit the family years. This helps explain the big uptick in home demand. Once you buy a house, you have to fill it up with stuff. More consumer demand on the way.</p><p><blockquote>首先，随着千禧一代进入家庭年，家庭组建激增。这有助于解释家庭需求的大幅上升。一旦你买了房子，你就必须用东西填满它。更多的消费者需求即将到来。</blockquote></p><p> Behind the scenes, consumers have massive unspent savings because they hunkered down for the pandemic. The personal savings rate hit nearly 16% of GDP, compared to a post war average of 6.5%. The prior high was 10% in 1970s.</p><p><blockquote>在幕后，消费者有大量未用完的储蓄，因为他们为疫情做好了准备。个人储蓄率接近GDP的16%，而战后的平均水平为6.5%。之前的高点是20世纪70年代的10%。</blockquote></p><p> Relatedly, household balance sheets improved remarkably. Debt-to-income ratios are the lowest since the 1990s. Consumers will continue to tap more bank loans and credit card capacity, as their confidence increases because employment and the economy remain strong.</p><p><blockquote>与此相关的是，家庭资产负债表显著改善。债务收入比是20世纪90年代以来的最低水平。消费者将继续利用更多的银行贷款和信用卡容量，因为就业和经济保持强劲，他们的信心增强。</blockquote></p><p> Next, there will be plenty more newly employed people once the extra unemployment benefits expire in September. This means consumer confidence will improve, which invariably boosts economic growth. The labor participation rate has room to improve, leaving spare employment capacity before we hit the full employment that can cap economic growth.</p><p><blockquote>接下来，一旦额外的失业救济金在9月份到期，将会有更多的新就业人口。这意味着消费者信心将会提高，这必然会促进经济增长。劳动参与率还有提高的空间，在我们达到可以限制经济增长的充分就业之前，留下了闲置的就业能力。</blockquote></p><p> Now let’s look at the pent-up demand in businesses.</p><p><blockquote>现在让我们看看企业被压抑的需求。</blockquote></p><p> You know all the shortages of stuff you keep running into or hearing about? Here’s why this is happening. To prepare for a prolonged epidemic, businesses cut inventories to the bone. It was the biggest inventory liquidation ever. But now, companies have to build back inventories. The ongoing inventory rebuild will be huge.</p><p><blockquote>你知道你经常遇到或听说的所有短缺的东西吗？这就是为什么会发生这种情况。为了应对长期的疫情，企业大幅削减库存。这是有史以来最大的库存清理。但现在，企业不得不重建库存。正在进行的库存重建将是巨大的。</blockquote></p><p> Companies also cut capacity, which they are building out again. Capital goods spending surged to record highs in the past year, advancing almost 23%, after being essentially flat for most of the prior two decades. This creates sustained growth, and it tells us a lot about business confidence.</p><p><blockquote>公司也削减了产能，并再次扩大产能。资本货物支出在过去二十年的大部分时间里基本持平，去年飙升至历史新高，增长了近23%。这创造了持续的增长，它告诉我们很多关于商业信心的信息。</blockquote></p><p> <b>The bottom line</b>: We will see 7%-8% GDP growth this year, followed by 4%-4.5% next year and above average growth after that, supporting a sustained bull market in stocks. Expect the normal corrections along the way.</p><p><blockquote><b>底线</b>：我们今年将看到7%-8%的GDP增长，明年将达到4%-4.5%，之后将高于平均水平的增长，支持股市持续牛市。期待一路上的正常修正。</blockquote></p><p> <b>2. An under-appreciated earnings boom lies ahead</b></p><p><blockquote><b>2.被低估的盈利繁荣即将到来</b></blockquote></p><p> The economic rebound has happened so quickly, analysts can’t keep up. Wall Street analysts project $190 a share in S&amp;P 500 earnings this year. But that is woefully low given the expected 7%-8% GDP growth and massive stimulus that has yet to kick in. Stimulus normally takes six to eight months to take effect, and a lot of the recent dollops happened inside that window.</p><p><blockquote>经济反弹发生得如此之快，分析师们跟不上。分析师预计标普500今年的每股收益为190美元。但考虑到预期的7%-8%的GDP增长和尚未生效的大规模刺激措施，这一数字低得可怜。刺激通常需要六到八个月才能生效，最近的很多刺激都发生在这个窗口内。</blockquote></p><p> Paulsen expects 2021 S&amp;P 500 earnings will be more like $220 instead of the consensus estimate of $190.</p><p><blockquote>保尔森预计，2021年标普500的盈利将更接近220美元，而不是普遍预期的190美元。</blockquote></p><p> “Analysts are still under-appreciating how much profits have improved and how much they will improve,” says Paulsen. “We had dramatic overreaction from policy officials. They addressed the collapse, but created a massive improvement in fundamentals. This is still playing out in terms of the recovery in profits.”</p><p><blockquote>保尔森表示：“分析师仍然低估了利润的改善程度以及将会改善多少。”“我们从政策官员那里得到了戏剧性的过度反应。他们解决了崩溃的问题，但在基本面上创造了巨大的改善。这在利润复苏方面仍在发挥作用。”</blockquote></p><p> Plus, more fiscal stimulus is probably on the way, in the form of infrastructure spending.</p><p><blockquote>此外，更多的财政刺激可能即将以基础设施支出的形式出现。</blockquote></p><p> <b>3. There’s a new Fed in town</b></p><p><blockquote><b>3.城里有一个新的美联储</b></blockquote></p><p> For much of the past three decades, the Fed has been quick to tighten its policy to ward off inflation. The central bank killed off growth in the process. That’s one reason why the past 20 years posted the slowest growth in the post-war era. Now, though, the Fed is much more accommodative and this may likely persist because inflation will remain sluggish (more on this, below).</p><p><blockquote>在过去三十年的大部分时间里，美联储一直在迅速收紧政策以抵御通胀。在此过程中，央行扼杀了经济增长。这就是过去20年是战后经济增长最慢的原因之一。然而现在，美联储更加宽松，这种情况可能会持续下去，因为通胀将保持低迷（更多内容见下文）。</blockquote></p><p></p><p> Here’s a simple gauge to measure this. Take GDP growth and subtract the yield on 10-year TreasuriesTMUBMUSD10Y,1.359%.This gauge was negative for much of 1980-2010, when the Fed kept growth cool to contain inflation. Now, though, Fed policy is helping to keep 10-year yields well below GDP growth, which allows the economy to run hot. This was the state of affairs during 1950-1965, which some analysts call “the golden age of capitalism” because of the glide path in growth.</p><p><blockquote>这里有一个简单的衡量标准来衡量这一点。以GDP增长减去10年期国债收益率MUBMUSD10Y，1.359%。该指标在1980年至2010年的大部分时间里都为负值，当时美联储保持增长降温以遏制通胀。但现在，美联储的政策正在帮助将10年期国债收益率保持在远低于GDP增长的水平，从而使经济过热。这就是1950-1965年的情况，一些分析家将其看涨期权为“资本主义的黄金时代”，因为增长的下滑路径。</blockquote></p><p> <b>4. Inflation won’t kill the bull</b></p><p><blockquote><b>4.通货膨胀不会杀死公牛</b></blockquote></p><p> Inflation may rise near term because the economy is so hot. But medium term, the inflation slayers will win out. Here’s a roundup. The population is aging, and older people spend less. The boom in business capital spending will continue to boost productivity at companies. This allows them to avoid passing along rising costs to customers. Global trade and competition have not gone away. This puts downward pressure on prices since goods can be made more cheaply in many foreign countries. Ongoing technological advances continually put downward pressure on tech products.</p><p><blockquote>由于经济如此火爆，通胀短期内可能会上升。但从中期来看，通胀杀手将获胜。这是一个综述。人口老龄化，老年人消费减少。企业资本支出的繁荣将继续提高企业的生产率。这使他们能够避免将上升的成本转嫁给客户。全球贸易和竞争并没有消失。这给价格带来了下行压力，因为在许多外国可以更便宜地制造商品。持续的技术进步不断给科技产品带来下行压力。</blockquote></p><p> <b>5. Valuations will improve</b></p><p><blockquote><b>五、估值将改善</b></blockquote></p><p> We’re now at the phase in the economic rebound where the following dynamic typically plays out. Stocks trade sideways for months, mostly because of worries about inflation and rising bond yields. All the while, the economy and earnings continue to grow, bringing down stock valuations. This dynamic played out at about this point in prior economic rebounds during 1983-84, 1993-94, 2004-05 and 2009-10. In short, we will see a big surge in earnings while the stock market marks time, or even corrects.</p><p><blockquote>我们现在正处于经济反弹的阶段，通常会出现以下动态。股市连续几个月横盘整理，主要是因为对通胀和债券收益率上升的担忧。与此同时，经济和盈利持续增长，压低了股票估值。在1983-84年、1993-94年、2004-05年和2009-10年的经济反弹中，这种动态大约在这一点上发挥了作用。简而言之，我们将看到盈利大幅飙升，而股市则标志着时间的到来，甚至是回调。</blockquote></p><p> This will reset stock valuations lower, removing one of the chief concerns among investors — high valuations. If S&amp;P 500 earnings hit $220 by the end of the year and the index is at 4,000 to 4,100 points because of a correction, stocks will be at an 18-19 price earnings ratio — below the average since 1990.</p><p><blockquote>这将降低股票估值，消除投资者的主要担忧之一——高估值。如果标普500的盈利在年底达到220美元，并且该指数因回调而达到4,000至4,100点，那么股票的市盈率将达到18-19倍，低于1990年以来的平均水平。</blockquote></p><p> True to form, the Dow Jones Industrial AverageDJIA,+1.30%and the Russell 2000&nbsp;small-cap index have traded sideways for two to four months. The S&amp;P 500 and Nasdaq&nbsp;recently broke out of trading ranges, but a bigger pullback would send them back into sideways action mode.</p><p><blockquote>与往常一样，道琼斯工业平均指数DJIA(+1.30%)和罗素2000小盘股指数已经横盘整理了两到四个月。标普500和纳斯达克最近突破了交易区间，但更大的回调将使它们重新进入横盘整理模式。</blockquote></p><p> <b>6. Sentiment isn’t extreme</b></p><p><blockquote><b>6.情绪并不极端</b></blockquote></p><p> As a contrarian, I look for excessive sentiment as a sign that it’s time to raise some cash. We don’t see that yet. A simple gauge to follow is the Investors Intelligence Bull/Bear ratio. It recently came in at 3.92. That’s near the warning path, which for me starts at 4. On the other hand, mutual fund cash was recently at $4.6 trillion, near historical highs. This represents caution among investors.</p><p><blockquote>作为一名逆向投资者，我将过度情绪视为是时候筹集一些现金的迹象。我们还没有看到这一点。一个简单的衡量标准是投资者情报牛熊比率。最近的价格是3.92。那是在警告路径附近，对我来说从4点开始。另一方面，共同基金现金最近为4.6万亿美元，接近历史高位。这代表了投资者的谨慎态度。</blockquote></p><p> <b>Three themes to follow</b></p><p><blockquote><b>遵循三个主题</b></blockquote></p><p> If we are in store for a sustained economic recovery and a multi-year bull market in stocks, it will pay to follow these three themes.</p><p><blockquote>如果我们即将迎来持续的经济复苏和股市多年牛市，那么遵循这三个主题是值得的。</blockquote></p><p> <b>Favor cyclicals.</b>Stay with economically sensitive businesses and add to your holdings in them on pullbacks. This means cyclical companies in areas like financials, materials, industrials and consumer discretionary businesses.</p><p><blockquote><b>青睐周期性股票。</b>继续投资对经济敏感的企业，并在回调时增持这些企业。这意味着金融、材料、工业和非必需消费品业务等领域的周期性公司。</blockquote></p><p> <b>Avoid defensives.</b>If you want yield, go with stocks that pay a dividend but also have capital appreciation potential — not steady growth companies selling stuff like consumer staples. On this theme, in my stock letter Brush Up on Stocks (the link is in bio, below) I’ve recently suggested or reiterated Home Depot&nbsp;in retail, B. Riley Financial,a markets and investment banking name, and Regional Management&nbsp;in consumer finance.</p><p><blockquote><b>避免防御。</b>如果您想要收益，请选择支付股息但具有资本增值潜力的股票，而不是销售消费品等稳定增长的公司。关于这个主题，在我的股票信Brush Up on Stocks（链接在下面的简介中）中，我最近建议或重申了零售业的家得宝、市场和投资银行名称B.Riley Financial以及消费者金融领域的区域管理。</blockquote></p><p> <b>Favor emerging markets.</b>Their growth tends to be higher during expansions. Just be careful with China. It has an aging population. Limited workforce growth may constrain economic growth. Another challenge is that ongoing U.S.-China tensions and the related threat of persistent tariffs and trade barriers have global companies relocating supply chains elsewhere.</p><p><blockquote><b>青睐新兴市场。</b>在扩张期间，它们的增长率往往更高。小心中国。它的人口正在老龄化。劳动力增长有限可能会限制经济增长。另一个挑战是，持续的美中紧张局势以及持续关税和贸易壁垒的相关威胁导致全球公司将供应链转移到其他地方。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/the-bull-market-in-stocks-may-last-up-to-five-years-here-are-six-reasons-why-11625842781?mod=home-page\">marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/the-bull-market-in-stocks-may-last-up-to-five-years-here-are-six-reasons-why-11625842781?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185154176","content_text":"The economy is booming, earnings are rising, and the Federal Reserve is giving unprecedented support\n(Photo by Jorge Guerrero/AFP via Getty Images)\nWhen the stock market sells off, as it did Thursday, the right move was to buy your favorite stocks. Friday’s market action proved that.\nIt’s true that there could be a correction, given the already sizable 17% gain in the S&P 500 Index this year. But you should buy then, too.\nHere’s why.\nWe are still only in the early stages of what is going to be a three- to five-year bull market in stocks, for these six reasons.\n1. There’s tremendous pent-up demand\nEveryone is looking to the Federal Reserve for cues about stimulus. They are overlooking private-sector forces that will push stocks higher. To sum up, there’s huge pent-up private-sector demand that will help propel U.S. GDP growth to 8% this year and 3.5%-4.5% for years after that. The pent-up demand comes from the following sources, points out Jim Paulsen, chief strategist and economist at the Leuthold Group.\nFirst, there’s been a surge in household formation, as millennials hit the family years. This helps explain the big uptick in home demand. Once you buy a house, you have to fill it up with stuff. More consumer demand on the way.\nBehind the scenes, consumers have massive unspent savings because they hunkered down for the pandemic. The personal savings rate hit nearly 16% of GDP, compared to a post war average of 6.5%. The prior high was 10% in 1970s.\nRelatedly, household balance sheets improved remarkably. Debt-to-income ratios are the lowest since the 1990s. Consumers will continue to tap more bank loans and credit card capacity, as their confidence increases because employment and the economy remain strong.\nNext, there will be plenty more newly employed people once the extra unemployment benefits expire in September. This means consumer confidence will improve, which invariably boosts economic growth. The labor participation rate has room to improve, leaving spare employment capacity before we hit the full employment that can cap economic growth.\nNow let’s look at the pent-up demand in businesses.\nYou know all the shortages of stuff you keep running into or hearing about? Here’s why this is happening. To prepare for a prolonged epidemic, businesses cut inventories to the bone. It was the biggest inventory liquidation ever. But now, companies have to build back inventories. The ongoing inventory rebuild will be huge.\nCompanies also cut capacity, which they are building out again. Capital goods spending surged to record highs in the past year, advancing almost 23%, after being essentially flat for most of the prior two decades. This creates sustained growth, and it tells us a lot about business confidence.\nThe bottom line: We will see 7%-8% GDP growth this year, followed by 4%-4.5% next year and above average growth after that, supporting a sustained bull market in stocks. Expect the normal corrections along the way.\n2. An under-appreciated earnings boom lies ahead\nThe economic rebound has happened so quickly, analysts can’t keep up. Wall Street analysts project $190 a share in S&P 500 earnings this year. But that is woefully low given the expected 7%-8% GDP growth and massive stimulus that has yet to kick in. Stimulus normally takes six to eight months to take effect, and a lot of the recent dollops happened inside that window.\nPaulsen expects 2021 S&P 500 earnings will be more like $220 instead of the consensus estimate of $190.\n“Analysts are still under-appreciating how much profits have improved and how much they will improve,” says Paulsen. “We had dramatic overreaction from policy officials. They addressed the collapse, but created a massive improvement in fundamentals. This is still playing out in terms of the recovery in profits.”\nPlus, more fiscal stimulus is probably on the way, in the form of infrastructure spending.\n3. There’s a new Fed in town\nFor much of the past three decades, the Fed has been quick to tighten its policy to ward off inflation. The central bank killed off growth in the process. That’s one reason why the past 20 years posted the slowest growth in the post-war era. Now, though, the Fed is much more accommodative and this may likely persist because inflation will remain sluggish (more on this, below).\nHere’s a simple gauge to measure this. Take GDP growth and subtract the yield on 10-year TreasuriesTMUBMUSD10Y,1.359%.This gauge was negative for much of 1980-2010, when the Fed kept growth cool to contain inflation. Now, though, Fed policy is helping to keep 10-year yields well below GDP growth, which allows the economy to run hot. This was the state of affairs during 1950-1965, which some analysts call “the golden age of capitalism” because of the glide path in growth.\n4. Inflation won’t kill the bull\nInflation may rise near term because the economy is so hot. But medium term, the inflation slayers will win out. Here’s a roundup. The population is aging, and older people spend less. The boom in business capital spending will continue to boost productivity at companies. This allows them to avoid passing along rising costs to customers. Global trade and competition have not gone away. This puts downward pressure on prices since goods can be made more cheaply in many foreign countries. Ongoing technological advances continually put downward pressure on tech products.\n5. Valuations will improve\nWe’re now at the phase in the economic rebound where the following dynamic typically plays out. Stocks trade sideways for months, mostly because of worries about inflation and rising bond yields. All the while, the economy and earnings continue to grow, bringing down stock valuations. This dynamic played out at about this point in prior economic rebounds during 1983-84, 1993-94, 2004-05 and 2009-10. In short, we will see a big surge in earnings while the stock market marks time, or even corrects.\nThis will reset stock valuations lower, removing one of the chief concerns among investors — high valuations. If S&P 500 earnings hit $220 by the end of the year and the index is at 4,000 to 4,100 points because of a correction, stocks will be at an 18-19 price earnings ratio — below the average since 1990.\nTrue to form, the Dow Jones Industrial AverageDJIA,+1.30%and the Russell 2000 small-cap index have traded sideways for two to four months. The S&P 500 and Nasdaq recently broke out of trading ranges, but a bigger pullback would send them back into sideways action mode.\n6. Sentiment isn’t extreme\nAs a contrarian, I look for excessive sentiment as a sign that it’s time to raise some cash. We don’t see that yet. A simple gauge to follow is the Investors Intelligence Bull/Bear ratio. It recently came in at 3.92. That’s near the warning path, which for me starts at 4. On the other hand, mutual fund cash was recently at $4.6 trillion, near historical highs. This represents caution among investors.\nThree themes to follow\nIf we are in store for a sustained economic recovery and a multi-year bull market in stocks, it will pay to follow these three themes.\nFavor cyclicals.Stay with economically sensitive businesses and add to your holdings in them on pullbacks. This means cyclical companies in areas like financials, materials, industrials and consumer discretionary businesses.\nAvoid defensives.If you want yield, go with stocks that pay a dividend but also have capital appreciation potential — not steady growth companies selling stuff like consumer staples. On this theme, in my stock letter Brush Up on Stocks (the link is in bio, below) I’ve recently suggested or reiterated Home Depot in retail, B. Riley Financial,a markets and investment banking name, and Regional Management in consumer finance.\nFavor emerging markets.Their growth tends to be higher during expansions. Just be careful with China. It has an aging population. Limited workforce growth may constrain economic growth. Another challenge is that ongoing U.S.-China tensions and the related threat of persistent tariffs and trade barriers have global companies relocating supply chains elsewhere.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":878981344,"gmtCreate":1637138154970,"gmtModify":1637138155839,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"Nice!&nbsp;","listText":"Nice!&nbsp;","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/878981344","repostId":"1154755901","repostType":2,"repost":{"id":"1154755901","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":1637138067,"share":"https://www.laohu8.com/m/news/1154755901?lang=zh_CN&edition=full","pubTime":"2021-11-17 16:34","market":"hk","language":"en","title":"Baidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲，百度季度收入超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154755901","media":"Tiger Newspress","summary":"China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by str","content":"<p>China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>百度周三公布的季度营收高于华尔街预期，这得益于广告销售强劲以及对其人工智能和云产品的需求。百度表示，第三季度总收入为319.2亿元人民币（合49.5亿美元），略高于分析师根据Refinitiv的IBES数据，平均预估为317.1亿元人民币。</blockquote></p><p> Baidu stock climbed 1.6% in premarket trading.</p><p><blockquote>百度股价在盘前交易中上涨1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ff45646bb43efda219e4c6b143b1daf8\" tg-width=\"848\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/84e4b6e7ab7b7d2ec65ad8ba25ce18cf\" tg-width=\"759\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Total revenues</b>&nbsp;were&nbsp;RMB 31.9 billion($4.95 billion), increasing 13% year over year.</p><p><blockquote><b>总收入</b>为319亿元人民币（49.5亿美元），同比增长13%。</blockquote></p><p> <ul>  <li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 24.7 billion($3.83 billion), increasing 15% year over year;<b>online marketing revenue</b>&nbsp;was&nbsp;RMB 19.5 billion($3.02 billion), up 6% year over year, and<b>non-online marketing revenue</b>wasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.</li>  <li><b>Revenue from iQIYI</b>wasRMB 7.6 billion($1.18 billion), increasing 6% year over year.</li> </ul> <b>Cost of revenues</b>&nbsp;was&nbsp;RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.</p><p><blockquote><ul><li><b>百度核心收入</b>为人民币247亿元（38.3亿美元），同比增长15%；<b>网络营销收入</b>为195亿元人民币（30.2亿美元），同比增长6%，<b>非线上营销收入</b>在云和其他人工智能业务的推动下，销售额为52亿元人民币（8.06亿美元），同比增长76%。</li><li><b>爱奇艺收入</b>为76亿元人民币（11.8亿美元），同比增长6%。</li></ul><b>收入成本</b>为161亿元人民币（25亿美元），同比增长26%，主要是由于与新人工智能业务相关的流量获取成本、内容成本和销售商品成本增加。</blockquote></p><p> <b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.</p><p><blockquote><b>销售、一般及行政开支</b>为73亿元人民币（11.4亿美元），同比增长56%，主要是由于渠道支出、促销营销、人员相关费用以及与涉及前广告公司的法律诉讼相关的或有损失增加。</blockquote></p><p> <b>Research and development expense</b>&nbsp;was&nbsp;RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.</p><p><blockquote><b>研发费用</b>为62亿元人民币（9.57亿美元），同比增长35%，主要与人员相关费用有关。</blockquote></p><p> <b>Operating income</b>&nbsp;was&nbsp;RMB 2.3 billion($358 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.7 billion($731 million).<b>Baidu Core non-GAAP operating income</b>&nbsp;was&nbsp;RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.</p><p><blockquote><b>营业收入</b>为23亿元人民币（3.58亿美元）。<b>百度核心营业收入</b>为37亿元人民币（5.77亿美元），百度核心营业利润率为15%。<b>非公认会计准则营业收入</b>为47亿元人民币（7.31亿美元）。<b>百度核心非公认会计准则营业收入</b>为人民币58亿元（9.04亿美元），百度核心非公认会计准则营业利润率为24%。</blockquote></p><p> <b>Total other loss, net</b>&nbsp;was&nbsp;RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.</p><p><blockquote><b>其他亏损总额，净额</b>为215亿元人民币（33.4亿美元），其中包括189亿元人民币非现金、按市值计价的长期投资损失。该季度公允价值调整可能导致未来净利润进一步波动。</blockquote></p><p> <b>Income tax benefit</b>&nbsp;was&nbsp;RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.</p><p><blockquote><b>所得税优惠</b>为18亿元人民币（2.86亿美元），而20年第三季度的所得税费用为16亿元人民币，主要是由于长期投资公允价值损失确认的递延税项收益增加以及之前考虑的某些费用的扣除。不可扣除。</blockquote></p><p> Net loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).<b>Net loss attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 15.6 billion($2.43 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 5.9 billion($909 million).</p><p><blockquote>归属于百度的净亏损为166亿元人民币（25.7亿美元），每股美国存托凭证摊薄亏损为48.18元人民币（7.48美元）。<b>百度核心应佔净亏损</b>为156亿元人民币（24.3亿美元）。<b>归属于百度的非公认会计准则净利润</b>为51亿元人民币（7.9亿美元），非GAAP摊薄每股美国存托凭证收益为14.66元人民币（2.28美元）。<b>归属于百度核心的非公认会计准则净利润</b>为59亿元人民币（9.09亿美元）。</blockquote></p><p> <b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 6.0 billion($925 million).<b>Adjusted EBITDA for Baidu Core</b>&nbsp;was&nbsp;RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.</p><p><blockquote><b>调整后EBITDA</b>为60亿元人民币（9.25亿美元）。<b>百度核心调整后EBITDA</b>为70亿元人民币（10.9亿美元），百度核心调整后EBITDA利润率为28%。</blockquote></p><p> As ofSeptember 30, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 194.6 billion($30.20 billion), and<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 183.6 billion($28.49 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 691 million($108 million), and&nbsp;<b>free cash flow excluding iQIYI</b>wasRMB 2.9 billion($449 million).</p><p><blockquote>截至2021年9月30日，<b>现金、现金等价物、受限制现金和短期投资</b>为人民币1,946亿元（302亿美元），以及<b>现金、现金等价物、限制性现金和短期投资（不包括爱奇艺）</b>为人民币1,836亿元（284.9亿美元）。<b>自由现金流</b>为6.91亿元人民币（1.08亿美元），以及<b>不包括爱奇艺的自由现金流</b>为29亿元人民币（4.49亿美元）。</blockquote></p><p> <b>Other Highlights</b></p><p><blockquote><b>其他亮点</b></blockquote></p><p> <i>Corporate</i></p><p><blockquote><i>公司的</i></blockquote></p><p> <ul>  <li>Q3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.</li>  <li>ESG:</li>  <li>- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.</li>  <li>- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.</li>  <li>- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy &amp; protection and data security, to further improve its policies and oversight around data management.</li> </ul> <i>AI Cloud</i></p><p><blockquote><ul><li>21年第三季度净亏损包括季度公允价值调整产生的长期投资按市值计价的189亿元非现金损失。</li><li>ESG：</li><li>-百度向赫尔菲南省捐赠9000万元人民币，以应对该省最近发生的自然灾害。</li><li>-小度推出“视觉辅助”，实现视障语音控制和按需读屏，音频体验更流畅。</li><li>-10月，百度成立数据管理委员会，整合现有数据管理委员会、数据隐私保护委员会和数据安全委员会，进一步完善数据管理政策和监管。</li></ul><i>AI云</i></blockquote></p><p></p><p> <ul>  <li>Baidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.</li>  <li>Lijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.</li>  <li>Tongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.</li>  <li>Baidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.</li> </ul> <i>Intelligent Driving</i></p><p><blockquote><ul><li>百度发布端到端人工智能云解决方案，由昆仑人工智能芯片和PaddlePaddle深度学习框架提供支持，帮助金融服务公司实现运营流程数字化和自动化，吸引了中国人寿和江苏银行等领先客户。</li><li>丽江是一个拥有800年历史的桥梁和水道的联合国教科文组织遗产，正在使用百度智慧城市云为游客保持城市的安全和清洁。利用旅游区的数字化，百度人工智能解决方案帮助地方当局及时发现和解决违规行为，如非法停车和乱扔垃圾。</li><li>浙江省桐乡市与百度签署协议，为其制造业企业提供百度人工智能解决方案，让百度进一步渗透到工业互联网中。</li><li>百度ACE智慧交通已被24个城市采用，合同金额超过人民币1,000万元，同比增长两倍。</li></ul><i>智能驾驶</i></blockquote></p><p> <ul>  <li>Apollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.</li>  <li>Rides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.</li>  <li>WM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.</li> </ul> <i>Other Growth Initiatives</i></p><p><blockquote><ul><li>Apollo L4累计测试里程超过1000万英里，同比增长189%，并获得了411张自动驾驶许可证，反映了Apollo广泛的地理覆盖和广泛的测试场景。</li><li>阿波罗提供的游乐设施连续翻倍，在上海、北京、广州、长沙和沧州均有提供。</li><li>中国电动汽车原始设备制造商威马汽车与百度签署协议，在其新款W6 SUV中安装Apollo Navigation Pilot(ANP)，使与Apollo合作提供自动驾驶和信息娱乐解决方案的品牌总数达到31家。</li></ul><i>其他增长举措</i></blockquote></p><p> <ul>  <li>Xiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.</li>  <li>InAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.</li> </ul> <i>Mobile Ecosystem</i></p><p><blockquote><ul><li>根据Strategy Analytics、IDC和Canalys的数据，2021年Q2，小度在全球智能显示器出货量和中国智能扬声器出货量中排名第一。</li><li>2021年8月，小度完成B轮融资，估值51亿美元，百度保留超多数股权。</li></ul><i>移动生态系统</i></blockquote></p><p> <ul>  <li>In September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.</li>  <li>Managed Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.</li>  <li>The open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.</li> </ul> <i>iQIYI</i></p><p><blockquote><ul><li>9月份，百度App的月活跃用户数达到6.07亿，同比增长12%，日登录用户数达到79%的历史新高，反映了积极的用户体验。</li><li>通过持续的营销云增强（例如扩展的电子商务功能和工具），托管页面达到了百度核心第三季度在线营销收入的43%。</li><li>百度互联网基础设施的开放性导致顶级智能手机制造商选择百度的智能小程序作为其浏览器搜索的登陆页面。</li></ul><i>爱奇艺</i></blockquote></p><p> <ul>  <li>iQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.</li> </ul> <b>Financial Guidance</b></p><p><blockquote><ul><li>2021年9月，爱奇艺订阅用户达到1.04亿，为提供创新、自主开发的大片奠定了坚实的基础。</li></ul><b>财务指引</b></blockquote></p><p> For the fourth quarter of 2021, Baidu expects revenues to be between&nbsp;RMB 31.0 billion($4.81 billion) and&nbsp;RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.</p><p><blockquote>百度预计2021年第四季度收入将在310亿元人民币（48.1亿美元）至340亿元人民币（52.7亿美元）之间，同比增长率为2%至12%，假设百度核心收入将同比增长5%至16%。</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>Baidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲，百度季度收入超出预期</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\">\nBaidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲，百度季度收入超出预期</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\">2021-11-17 16:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>百度周三公布的季度营收高于华尔街预期，这得益于广告销售强劲以及对其人工智能和云产品的需求。百度表示，第三季度总收入为319.2亿元人民币（合49.5亿美元），略高于分析师根据Refinitiv的IBES数据，平均预估为317.1亿元人民币。</blockquote></p><p> Baidu stock climbed 1.6% in premarket trading.</p><p><blockquote>百度股价在盘前交易中上涨1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ff45646bb43efda219e4c6b143b1daf8\" tg-width=\"848\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/84e4b6e7ab7b7d2ec65ad8ba25ce18cf\" tg-width=\"759\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Total revenues</b>&nbsp;were&nbsp;RMB 31.9 billion($4.95 billion), increasing 13% year over year.</p><p><blockquote><b>总收入</b>为319亿元人民币（49.5亿美元），同比增长13%。</blockquote></p><p> <ul>  <li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 24.7 billion($3.83 billion), increasing 15% year over year;<b>online marketing revenue</b>&nbsp;was&nbsp;RMB 19.5 billion($3.02 billion), up 6% year over year, and<b>non-online marketing revenue</b>wasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.</li>  <li><b>Revenue from iQIYI</b>wasRMB 7.6 billion($1.18 billion), increasing 6% year over year.</li> </ul> <b>Cost of revenues</b>&nbsp;was&nbsp;RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.</p><p><blockquote><ul><li><b>百度核心收入</b>为人民币247亿元（38.3亿美元），同比增长15%；<b>网络营销收入</b>为195亿元人民币（30.2亿美元），同比增长6%，<b>非线上营销收入</b>在云和其他人工智能业务的推动下，销售额为52亿元人民币（8.06亿美元），同比增长76%。</li><li><b>爱奇艺收入</b>为76亿元人民币（11.8亿美元），同比增长6%。</li></ul><b>收入成本</b>为161亿元人民币（25亿美元），同比增长26%，主要是由于与新人工智能业务相关的流量获取成本、内容成本和销售商品成本增加。</blockquote></p><p> <b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.</p><p><blockquote><b>销售、一般及行政开支</b>为73亿元人民币（11.4亿美元），同比增长56%，主要是由于渠道支出、促销营销、人员相关费用以及与涉及前广告公司的法律诉讼相关的或有损失增加。</blockquote></p><p> <b>Research and development expense</b>&nbsp;was&nbsp;RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.</p><p><blockquote><b>研发费用</b>为62亿元人民币（9.57亿美元），同比增长35%，主要与人员相关费用有关。</blockquote></p><p> <b>Operating income</b>&nbsp;was&nbsp;RMB 2.3 billion($358 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.7 billion($731 million).<b>Baidu Core non-GAAP operating income</b>&nbsp;was&nbsp;RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.</p><p><blockquote><b>营业收入</b>为23亿元人民币（3.58亿美元）。<b>百度核心营业收入</b>为37亿元人民币（5.77亿美元），百度核心营业利润率为15%。<b>非公认会计准则营业收入</b>为47亿元人民币（7.31亿美元）。<b>百度核心非公认会计准则营业收入</b>为人民币58亿元（9.04亿美元），百度核心非公认会计准则营业利润率为24%。</blockquote></p><p> <b>Total other loss, net</b>&nbsp;was&nbsp;RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.</p><p><blockquote><b>其他亏损总额，净额</b>为215亿元人民币（33.4亿美元），其中包括189亿元人民币非现金、按市值计价的长期投资损失。该季度公允价值调整可能导致未来净利润进一步波动。</blockquote></p><p> <b>Income tax benefit</b>&nbsp;was&nbsp;RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.</p><p><blockquote><b>所得税优惠</b>为18亿元人民币（2.86亿美元），而20年第三季度的所得税费用为16亿元人民币，主要是由于长期投资公允价值损失确认的递延税项收益增加以及之前考虑的某些费用的扣除。不可扣除。</blockquote></p><p> Net loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).<b>Net loss attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 15.6 billion($2.43 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 5.9 billion($909 million).</p><p><blockquote>归属于百度的净亏损为166亿元人民币（25.7亿美元），每股美国存托凭证摊薄亏损为48.18元人民币（7.48美元）。<b>百度核心应佔净亏损</b>为156亿元人民币（24.3亿美元）。<b>归属于百度的非公认会计准则净利润</b>为51亿元人民币（7.9亿美元），非GAAP摊薄每股美国存托凭证收益为14.66元人民币（2.28美元）。<b>归属于百度核心的非公认会计准则净利润</b>为59亿元人民币（9.09亿美元）。</blockquote></p><p> <b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 6.0 billion($925 million).<b>Adjusted EBITDA for Baidu Core</b>&nbsp;was&nbsp;RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.</p><p><blockquote><b>调整后EBITDA</b>为60亿元人民币（9.25亿美元）。<b>百度核心调整后EBITDA</b>为70亿元人民币（10.9亿美元），百度核心调整后EBITDA利润率为28%。</blockquote></p><p> As ofSeptember 30, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 194.6 billion($30.20 billion), and<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 183.6 billion($28.49 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 691 million($108 million), and&nbsp;<b>free cash flow excluding iQIYI</b>wasRMB 2.9 billion($449 million).</p><p><blockquote>截至2021年9月30日，<b>现金、现金等价物、受限制现金和短期投资</b>为人民币1,946亿元（302亿美元），以及<b>现金、现金等价物、限制性现金和短期投资（不包括爱奇艺）</b>为人民币1,836亿元（284.9亿美元）。<b>自由现金流</b>为6.91亿元人民币（1.08亿美元），以及<b>不包括爱奇艺的自由现金流</b>为29亿元人民币（4.49亿美元）。</blockquote></p><p> <b>Other Highlights</b></p><p><blockquote><b>其他亮点</b></blockquote></p><p> <i>Corporate</i></p><p><blockquote><i>公司的</i></blockquote></p><p> <ul>  <li>Q3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.</li>  <li>ESG:</li>  <li>- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.</li>  <li>- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.</li>  <li>- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy &amp; protection and data security, to further improve its policies and oversight around data management.</li> </ul> <i>AI Cloud</i></p><p><blockquote><ul><li>21年第三季度净亏损包括季度公允价值调整产生的长期投资按市值计价的189亿元非现金损失。</li><li>ESG：</li><li>-百度向赫尔菲南省捐赠9000万元人民币，以应对该省最近发生的自然灾害。</li><li>-小度推出“视觉辅助”，实现视障语音控制和按需读屏，音频体验更流畅。</li><li>-10月，百度成立数据管理委员会，整合现有数据管理委员会、数据隐私保护委员会和数据安全委员会，进一步完善数据管理政策和监管。</li></ul><i>AI云</i></blockquote></p><p></p><p> <ul>  <li>Baidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.</li>  <li>Lijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.</li>  <li>Tongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.</li>  <li>Baidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.</li> </ul> <i>Intelligent Driving</i></p><p><blockquote><ul><li>百度发布端到端人工智能云解决方案，由昆仑人工智能芯片和PaddlePaddle深度学习框架提供支持，帮助金融服务公司实现运营流程数字化和自动化，吸引了中国人寿和江苏银行等领先客户。</li><li>丽江是一个拥有800年历史的桥梁和水道的联合国教科文组织遗产，正在使用百度智慧城市云为游客保持城市的安全和清洁。利用旅游区的数字化，百度人工智能解决方案帮助地方当局及时发现和解决违规行为，如非法停车和乱扔垃圾。</li><li>浙江省桐乡市与百度签署协议，为其制造业企业提供百度人工智能解决方案，让百度进一步渗透到工业互联网中。</li><li>百度ACE智慧交通已被24个城市采用，合同金额超过人民币1,000万元，同比增长两倍。</li></ul><i>智能驾驶</i></blockquote></p><p> <ul>  <li>Apollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.</li>  <li>Rides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.</li>  <li>WM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.</li> </ul> <i>Other Growth Initiatives</i></p><p><blockquote><ul><li>Apollo L4累计测试里程超过1000万英里，同比增长189%，并获得了411张自动驾驶许可证，反映了Apollo广泛的地理覆盖和广泛的测试场景。</li><li>阿波罗提供的游乐设施连续翻倍，在上海、北京、广州、长沙和沧州均有提供。</li><li>中国电动汽车原始设备制造商威马汽车与百度签署协议，在其新款W6 SUV中安装Apollo Navigation Pilot(ANP)，使与Apollo合作提供自动驾驶和信息娱乐解决方案的品牌总数达到31家。</li></ul><i>其他增长举措</i></blockquote></p><p> <ul>  <li>Xiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.</li>  <li>InAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.</li> </ul> <i>Mobile Ecosystem</i></p><p><blockquote><ul><li>根据Strategy Analytics、IDC和Canalys的数据，2021年Q2，小度在全球智能显示器出货量和中国智能扬声器出货量中排名第一。</li><li>2021年8月，小度完成B轮融资，估值51亿美元，百度保留超多数股权。</li></ul><i>移动生态系统</i></blockquote></p><p> <ul>  <li>In September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.</li>  <li>Managed Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.</li>  <li>The open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.</li> </ul> <i>iQIYI</i></p><p><blockquote><ul><li>9月份，百度App的月活跃用户数达到6.07亿，同比增长12%，日登录用户数达到79%的历史新高，反映了积极的用户体验。</li><li>通过持续的营销云增强（例如扩展的电子商务功能和工具），托管页面达到了百度核心第三季度在线营销收入的43%。</li><li>百度互联网基础设施的开放性导致顶级智能手机制造商选择百度的智能小程序作为其浏览器搜索的登陆页面。</li></ul><i>爱奇艺</i></blockquote></p><p> <ul>  <li>iQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.</li> </ul> <b>Financial Guidance</b></p><p><blockquote><ul><li>2021年9月，爱奇艺订阅用户达到1.04亿，为提供创新、自主开发的大片奠定了坚实的基础。</li></ul><b>财务指引</b></blockquote></p><p> For the fourth quarter of 2021, Baidu expects revenues to be between&nbsp;RMB 31.0 billion($4.81 billion) and&nbsp;RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.</p><p><blockquote>百度预计2021年第四季度收入将在310亿元人民币（48.1亿美元）至340亿元人民币（52.7亿美元）之间，同比增长率为2%至12%，假设百度核心收入将同比增长5%至16%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154755901","content_text":"China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.\nBaidu stock climbed 1.6% in premarket trading.\n\nTotal revenues were RMB 31.9 billion($4.95 billion), increasing 13% year over year.\n\nRevenue from Baidu Core was RMB 24.7 billion($3.83 billion), increasing 15% year over year;online marketing revenue was RMB 19.5 billion($3.02 billion), up 6% year over year, andnon-online marketing revenuewasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.\nRevenue from iQIYIwasRMB 7.6 billion($1.18 billion), increasing 6% year over year.\n\nCost of revenues was RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.\nSelling, general and administrative expenses were RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.\nResearch and development expense was RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.\nOperating income was RMB 2.3 billion($358 million).Baidu Core operating income was RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.Non-GAAP operating income was RMB 4.7 billion($731 million).Baidu Core non-GAAP operating income was RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.\nTotal other loss, net was RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.\nIncome tax benefit was RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.\nNet loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).Net loss attributable to Baidu Core was RMB 15.6 billion($2.43 billion).Non-GAAP net income attributable to Baidu was RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).Non-GAAP net income attributable to Baidu Core was RMB 5.9 billion($909 million).\nAdjusted EBITDA was RMB 6.0 billion($925 million).Adjusted EBITDA for Baidu Core was RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.\nAs ofSeptember 30, 2021,cash, cash equivalents, restricted cash and short-term investments were RMB 194.6 billion($30.20 billion), andcash, cash equivalents, restricted cash and short-term investments excluding iQIYI were RMB 183.6 billion($28.49 billion).Free cash flow was RMB 691 million($108 million), and free cash flow excluding iQIYIwasRMB 2.9 billion($449 million).\nOther Highlights\nCorporate\n\nQ3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.\nESG:\n- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.\n- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.\n- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy & protection and data security, to further improve its policies and oversight around data management.\n\nAI Cloud\n\nBaidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.\nLijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.\nTongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.\nBaidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.\n\nIntelligent Driving\n\nApollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.\nRides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.\nWM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.\n\nOther Growth Initiatives\n\nXiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.\nInAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.\n\nMobile Ecosystem\n\nIn September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.\nManaged Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.\nThe open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.\n\niQIYI\n\niQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.\n\nFinancial Guidance\nFor the fourth quarter of 2021, Baidu expects revenues to be between RMB 31.0 billion($4.81 billion) and RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.","news_type":1,"symbols_score_info":{"BIDU":0.9,"09888":0.9}},"isVote":1,"tweetType":1,"viewCount":3012,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854026024,"gmtCreate":1635411785368,"gmtModify":1635411785609,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FUTU\">$Futu Holdings Limited(FUTU)$</a>&nbsp;anyone knows what news came out today??&nbsp;","listText":"<a href=\"https://laohu8.com/S/FUTU\">$Futu Holdings Limited(FUTU)$</a>&nbsp;anyone knows what news came out today??&nbsp;","text":"$Futu Holdings Limited(FUTU)$ anyone knows what news came out today??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/854026024","isVote":1,"tweetType":1,"viewCount":2980,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3562056022616278","authorId":"3562056022616278","name":"约翰的理财库","avatar":"https://static.tigerbbs.com/ac36ce2339d7a6be9d199aa745dfba91","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3562056022616278","idStr":"3562056022616278"},"content":"It just same old trick and news happend in 2018 and 2019 . Say no to panic 😊","text":"It just same old trick and news happend in 2018 and 2019 . Say no to panic 😊","html":"It just same old trick and news happend in 2018 and 2019 . Say no to panic 😊"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":852612368,"gmtCreate":1635261440825,"gmtModify":1635261441553,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"To the moooooooon&nbsp;","listText":"To the moooooooon&nbsp;","text":"To the moooooooon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/852612368","repostId":"1130424437","repostType":4,"repost":{"id":"1130424437","kind":"news","pubTimestamp":1635258042,"share":"https://www.laohu8.com/m/news/1130424437?lang=zh_CN&edition=full","pubTime":"2021-10-26 22:20","market":"us","language":"en","title":"Amazon Q3 Earnings Preview: Here's What Investors Should Know<blockquote>亚马逊第三季度收益预览：以下是投资者应该了解的内容</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130424437","media":"Motley Fool","summary":"E-commerce giant Amazon is scheduled to report third-quarter earnings on Oct. 28. As the crucial holiday shopping season approaches, investors will want reassurance from Amazon that it has robust plans to fulfill increasing customer demand. Equally as important will be how increasing fulfillment prices will affect the bottom line at Amazon.Since the onset of the coronavirus pandemic, Amazon has benefited from a surge of new customers and increased orders from existing customers. But the company ","content":"<p>E-commerce&nbsp;giant&nbsp;<b>Amazon</b>(NASDAQ:AMZN)&nbsp;is scheduled to report third-quarter earnings on Oct. 28. As the crucial&nbsp;holiday shopping season&nbsp;approaches, investors will want reassurance from Amazon that it has robust plans to fulfill increasing customer demand. Equally as important will be how increasing fulfillment prices will affect the bottom line at Amazon.</p><p><blockquote>电商巨头<b>亚马逊</b>（纳斯达克股票代码：AMZN）定于10月28日公布第三季度收益。随着关键的假日购物季的临近，投资者希望亚马逊保证其有强有力的计划来满足不断增长的客户需求。同样重要的是提高履行价格将如何影响亚马逊的利润。</blockquote></p><p> Since the onset of the coronavirus pandemic, Amazon has benefited from a surge of new customers and increased orders from existing customers. But the company has also been working to deal with the strain on its system that this boost has caused. This latest report should offer an update on how well Amazon is managing.</p><p><blockquote>自新冠疫情爆发以来，亚马逊受益于新客户的激增和现有客户订单的增加。但该公司也一直在努力应对这种增长给其系统带来的压力。这份最新报告应该会提供有关亚马逊管理情况的最新信息。</blockquote></p><p> Let's discuss what else might be revealed when Amazon reports earnings on Thursday.</p><p><blockquote>让我们讨论一下亚马逊周四公布财报时可能还会透露什么。</blockquote></p><p> Amazon is spending to keep up with demand</p><p><blockquote>亚马逊正在支出以满足需求</blockquote></p><p> The coronavirus pandemic continues to cause disruptions in supply chains worldwide. An outbreak at one seaport can create domino effects that cause bottlenecks in several regions.&nbsp; Early on, Amazon was actually forced to prioritize essential items in order to manage. Even as economies are reopening and more consumer shopping is shifting back to in-person, the company is still facing challenges in its efforts to fulfill customer demand.</p><p><blockquote>冠状病毒大流行继续导致全球供应链中断。一个海港的疫情爆发会产生多米诺骨牌效应，导致几个地区出现瓶颈。早期，亚马逊实际上被迫优先考虑必需品，以便管理。尽管经济重新开放，更多消费者购物转向面对面，但该公司在满足客户需求方面仍面临挑战。</blockquote></p><p> Management has guided investors to look for year-over-year revenue growth between 10% and 16% in Q3. Meanwhile, its guided range foroperating income&nbsp;of $2.5 billion to $6.0 billion, suggests a drop from last year's operating income of $6.2 billion in the same quarter. That drop is likely the result of increased costs of operation.</p><p><blockquote>管理层指导投资者预计第三季度收入同比增长10%至16%。与此同时，其营业收入指导范围为25亿美元至60亿美元，较去年同季度62亿美元的营业收入有所下降。这一下降可能是运营成本增加的结果。</blockquote></p><p> Since the pandemic onset, Amazon has been spending aggressively on hiring staff and expanding fulfillment center capacity. Total employment at Amazon grew from 867,000 in the second quarter of last year to 1.34 million in Q2 this year. What's more, to attract and retain employees, the company has rolled out a slew of incentives, including increased wages, bonuses, and free college tuition.</p><p><blockquote>自疫情爆发以来，亚马逊一直在大力投资招聘员工和扩大运营中心容量。亚马逊的总就业人数从去年第二季度的86.7万人增长到今年第二季度的134万人。此外，为了吸引和留住员工，该公司推出了一系列激励措施，包括增加工资、奖金和免费大学学费。</blockquote></p><p> Economies worldwide are experiencing labor shortages, which is understandable. Not many folks are willing to work at the same wages while their on-the-job risks have elevated with COVID-19 still in circulation. To compensate for the added risks, employees are demanding higher wages, something not all companies are willing to provide. To Amazon's credit, it has been ready and willing to offer higher wages to help maintain its customers' positive shopping experiences.</p><p><blockquote>世界各地的经济体都在经历劳动力短缺，这是可以理解的。没有多少人愿意以同样的工资工作，而由于新冠肺炎病毒仍在传播，他们的工作风险已经上升。为了补偿增加的风险，员工要求更高的工资，但并非所有公司都愿意提供。值得称赞的是，亚马逊已经准备好并愿意提供更高的工资来帮助维持客户积极的购物体验。</blockquote></p><p> Rising costs keep Amazon's stock grounded</p><p><blockquote>成本上升使亚马逊股价保持稳定</blockquote></p><p> Analysts on Wall Street expect Amazon to report third-quarter revenue of $111.6 billion and earnings per share of $8.93. The revenue estimate, if met, would be an increase of 16.1% from the same quarter last year and higher than the upper end of management's forecast. The EPS estimate would be far below last year's figure of $12.37, as the increased spending on fulfillment hits the bottom line.</p><p><blockquote>华尔街分析师预计亚马逊第三季度营收1116亿美元，每股收益8.93美元。如果实现收入预期，将比去年同季度增长16.1%，高于管理层预测的上限。每股收益预期将远低于去年12.37美元的数字，因为履约支出的增加触及了底线。</blockquote></p><p> Amazon's stock price is down 10.3% in the last three months and it's up about 1.9% year to date. The company experienced a boom in spending and profits in fiscal 2020 as the initial effects of the pandemic were a tailwind to the business. Now, as economies reopen and rising costs flow through, the pandemic has become a headwind.</p><p><blockquote>亚马逊股价在过去三个月下跌了10.3%，今年迄今上涨了约1.9%。由于疫情的初步影响对业务产生了推动作用，该公司在2020财年经历了支出和利润的繁荣。现在，随着经济重新开放和成本上升，疫情已成为一个阻力。</blockquote></p><p> Investors should&nbsp;keep a close eye&nbsp;on how these headwinds affect Amazon. They should also take note of management's estimations on how long it is expected to persist. Fourth-quarter guidance will likely be as crucial as third-quarter results in determining the market's reaction to Amazon's earnings release.</p><p><blockquote>投资者应密切关注这些不利因素如何影响亚马逊。他们还应注意管理层对预计持续时间的估计。在决定市场对亚马逊财报发布的反应方面，第四季度指引可能与第三季度业绩一样至关重要。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Q3 Earnings Preview: Here's What Investors Should Know<blockquote>亚马逊第三季度收益预览：以下是投资者应该了解的内容</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Q3 Earnings Preview: Here's What Investors Should Know<blockquote>亚马逊第三季度收益预览：以下是投资者应该了解的内容</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\">2021-10-26 22:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p>E-commerce&nbsp;giant&nbsp;<b>Amazon</b>(NASDAQ:AMZN)&nbsp;is scheduled to report third-quarter earnings on Oct. 28. As the crucial&nbsp;holiday shopping season&nbsp;approaches, investors will want reassurance from Amazon that it has robust plans to fulfill increasing customer demand. Equally as important will be how increasing fulfillment prices will affect the bottom line at Amazon.</p><p><blockquote>电商巨头<b>亚马逊</b>（纳斯达克股票代码：AMZN）定于10月28日公布第三季度收益。随着关键的假日购物季的临近，投资者希望亚马逊保证其有强有力的计划来满足不断增长的客户需求。同样重要的是提高履行价格将如何影响亚马逊的利润。</blockquote></p><p> Since the onset of the coronavirus pandemic, Amazon has benefited from a surge of new customers and increased orders from existing customers. But the company has also been working to deal with the strain on its system that this boost has caused. This latest report should offer an update on how well Amazon is managing.</p><p><blockquote>自新冠疫情爆发以来，亚马逊受益于新客户的激增和现有客户订单的增加。但该公司也一直在努力应对这种增长给其系统带来的压力。这份最新报告应该会提供有关亚马逊管理情况的最新信息。</blockquote></p><p> Let's discuss what else might be revealed when Amazon reports earnings on Thursday.</p><p><blockquote>让我们讨论一下亚马逊周四公布财报时可能还会透露什么。</blockquote></p><p> Amazon is spending to keep up with demand</p><p><blockquote>亚马逊正在支出以满足需求</blockquote></p><p> The coronavirus pandemic continues to cause disruptions in supply chains worldwide. An outbreak at one seaport can create domino effects that cause bottlenecks in several regions.&nbsp; Early on, Amazon was actually forced to prioritize essential items in order to manage. Even as economies are reopening and more consumer shopping is shifting back to in-person, the company is still facing challenges in its efforts to fulfill customer demand.</p><p><blockquote>冠状病毒大流行继续导致全球供应链中断。一个海港的疫情爆发会产生多米诺骨牌效应，导致几个地区出现瓶颈。早期，亚马逊实际上被迫优先考虑必需品，以便管理。尽管经济重新开放，更多消费者购物转向面对面，但该公司在满足客户需求方面仍面临挑战。</blockquote></p><p> Management has guided investors to look for year-over-year revenue growth between 10% and 16% in Q3. Meanwhile, its guided range foroperating income&nbsp;of $2.5 billion to $6.0 billion, suggests a drop from last year's operating income of $6.2 billion in the same quarter. That drop is likely the result of increased costs of operation.</p><p><blockquote>管理层指导投资者预计第三季度收入同比增长10%至16%。与此同时，其营业收入指导范围为25亿美元至60亿美元，较去年同季度62亿美元的营业收入有所下降。这一下降可能是运营成本增加的结果。</blockquote></p><p> Since the pandemic onset, Amazon has been spending aggressively on hiring staff and expanding fulfillment center capacity. Total employment at Amazon grew from 867,000 in the second quarter of last year to 1.34 million in Q2 this year. What's more, to attract and retain employees, the company has rolled out a slew of incentives, including increased wages, bonuses, and free college tuition.</p><p><blockquote>自疫情爆发以来，亚马逊一直在大力投资招聘员工和扩大运营中心容量。亚马逊的总就业人数从去年第二季度的86.7万人增长到今年第二季度的134万人。此外，为了吸引和留住员工，该公司推出了一系列激励措施，包括增加工资、奖金和免费大学学费。</blockquote></p><p> Economies worldwide are experiencing labor shortages, which is understandable. Not many folks are willing to work at the same wages while their on-the-job risks have elevated with COVID-19 still in circulation. To compensate for the added risks, employees are demanding higher wages, something not all companies are willing to provide. To Amazon's credit, it has been ready and willing to offer higher wages to help maintain its customers' positive shopping experiences.</p><p><blockquote>世界各地的经济体都在经历劳动力短缺，这是可以理解的。没有多少人愿意以同样的工资工作，而由于新冠肺炎病毒仍在传播，他们的工作风险已经上升。为了补偿增加的风险，员工要求更高的工资，但并非所有公司都愿意提供。值得称赞的是，亚马逊已经准备好并愿意提供更高的工资来帮助维持客户积极的购物体验。</blockquote></p><p> Rising costs keep Amazon's stock grounded</p><p><blockquote>成本上升使亚马逊股价保持稳定</blockquote></p><p> Analysts on Wall Street expect Amazon to report third-quarter revenue of $111.6 billion and earnings per share of $8.93. The revenue estimate, if met, would be an increase of 16.1% from the same quarter last year and higher than the upper end of management's forecast. The EPS estimate would be far below last year's figure of $12.37, as the increased spending on fulfillment hits the bottom line.</p><p><blockquote>华尔街分析师预计亚马逊第三季度营收1116亿美元，每股收益8.93美元。如果实现收入预期，将比去年同季度增长16.1%，高于管理层预测的上限。每股收益预期将远低于去年12.37美元的数字，因为履约支出的增加触及了底线。</blockquote></p><p> Amazon's stock price is down 10.3% in the last three months and it's up about 1.9% year to date. The company experienced a boom in spending and profits in fiscal 2020 as the initial effects of the pandemic were a tailwind to the business. Now, as economies reopen and rising costs flow through, the pandemic has become a headwind.</p><p><blockquote>亚马逊股价在过去三个月下跌了10.3%，今年迄今上涨了约1.9%。由于疫情的初步影响对业务产生了推动作用，该公司在2020财年经历了支出和利润的繁荣。现在，随着经济重新开放和成本上升，疫情已成为一个阻力。</blockquote></p><p> Investors should&nbsp;keep a close eye&nbsp;on how these headwinds affect Amazon. They should also take note of management's estimations on how long it is expected to persist. Fourth-quarter guidance will likely be as crucial as third-quarter results in determining the market's reaction to Amazon's earnings release.</p><p><blockquote>投资者应密切关注这些不利因素如何影响亚马逊。他们还应注意管理层对预计持续时间的估计。在决定市场对亚马逊财报发布的反应方面，第四季度指引可能与第三季度业绩一样至关重要。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/10/26/amazon-third-quarter-earnings-preview/\">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":{"AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2021/10/26/amazon-third-quarter-earnings-preview/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130424437","content_text":"E-commerce giant Amazon(NASDAQ:AMZN) is scheduled to report third-quarter earnings on Oct. 28. As the crucial holiday shopping season approaches, investors will want reassurance from Amazon that it has robust plans to fulfill increasing customer demand. Equally as important will be how increasing fulfillment prices will affect the bottom line at Amazon.\nSince the onset of the coronavirus pandemic, Amazon has benefited from a surge of new customers and increased orders from existing customers. But the company has also been working to deal with the strain on its system that this boost has caused. This latest report should offer an update on how well Amazon is managing.\nLet's discuss what else might be revealed when Amazon reports earnings on Thursday.\nAmazon is spending to keep up with demand\nThe coronavirus pandemic continues to cause disruptions in supply chains worldwide. An outbreak at one seaport can create domino effects that cause bottlenecks in several regions.  Early on, Amazon was actually forced to prioritize essential items in order to manage. Even as economies are reopening and more consumer shopping is shifting back to in-person, the company is still facing challenges in its efforts to fulfill customer demand.\nManagement has guided investors to look for year-over-year revenue growth between 10% and 16% in Q3. Meanwhile, its guided range foroperating income of $2.5 billion to $6.0 billion, suggests a drop from last year's operating income of $6.2 billion in the same quarter. That drop is likely the result of increased costs of operation.\nSince the pandemic onset, Amazon has been spending aggressively on hiring staff and expanding fulfillment center capacity. Total employment at Amazon grew from 867,000 in the second quarter of last year to 1.34 million in Q2 this year. What's more, to attract and retain employees, the company has rolled out a slew of incentives, including increased wages, bonuses, and free college tuition.\nEconomies worldwide are experiencing labor shortages, which is understandable. Not many folks are willing to work at the same wages while their on-the-job risks have elevated with COVID-19 still in circulation. To compensate for the added risks, employees are demanding higher wages, something not all companies are willing to provide. To Amazon's credit, it has been ready and willing to offer higher wages to help maintain its customers' positive shopping experiences.\nRising costs keep Amazon's stock grounded\nAnalysts on Wall Street expect Amazon to report third-quarter revenue of $111.6 billion and earnings per share of $8.93. The revenue estimate, if met, would be an increase of 16.1% from the same quarter last year and higher than the upper end of management's forecast. The EPS estimate would be far below last year's figure of $12.37, as the increased spending on fulfillment hits the bottom line.\nAmazon's stock price is down 10.3% in the last three months and it's up about 1.9% year to date. The company experienced a boom in spending and profits in fiscal 2020 as the initial effects of the pandemic were a tailwind to the business. Now, as economies reopen and rising costs flow through, the pandemic has become a headwind.\nInvestors should keep a close eye on how these headwinds affect Amazon. They should also take note of management's estimations on how long it is expected to persist. Fourth-quarter guidance will likely be as crucial as third-quarter results in determining the market's reaction to Amazon's earnings release.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":823401649,"gmtCreate":1633652290724,"gmtModify":1633652291437,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"I was hoping for a stock split 😢","listText":"I was hoping for a stock split 😢","text":"I was hoping for a stock split 😢","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/823401649","repostId":"1163216677","repostType":4,"repost":{"id":"1163216677","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1633651933,"share":"https://www.laohu8.com/m/news/1163216677?lang=zh_CN&edition=full","pubTime":"2021-10-08 08:12","market":"us","language":"en","title":"Tesla Annual Shareholders Meeting Takeaways: Headquarters To Texas, No Stock Split, Cybertruck And More<blockquote>特斯拉年度股东大会要点：总部迁至德克萨斯、不拆股、Cybertruck等</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163216677","media":"Benzinga","summary":"Tesla Inc's annual shareholders meeting is taking place Thursday evening.Below are some of the quick highlights from the meeting, courtesy of Benzinga Pro.Tesla Says Shareholders Have Approved Recommendations From Tesla Board On All Accounts Except Item 2, Item 5 And Item 6. Elon Musk Says Goal Is To Make Vehicle Prices As Affordable As Possible. Musk Says 'As many batteries you want to produce and sell to us at an affordable price, we'll buy'. Musk Says Fundamental Value Of Tesla Is 'How quickl","content":"<p><b>Tesla Inc's</b>&nbsp;annual shareholders meeting&nbsp;is taking place Thursday evening.</p><p><blockquote><b>特斯拉公司</b>年度股东大会将于周四晚上举行。</blockquote></p><p> Below are some of the quick highlights from the meeting, courtesy of&nbsp;Benzinga Pro.</p><p><blockquote>以下是会议的一些快速亮点，由Benzinga Pro提供。</blockquote></p><p> <ul>  <li>Tesla Says Shareholders Have Approved Recommendations From Tesla Board On All Accounts Except&nbsp;Item 2, Item 5 And Item 6</li>  <li>Elon Musk Says Goal Is To Make Vehicle Prices As Affordable As Possible</li>  <li>Musk Says 'As many batteries you want to produce and sell to us at an affordable price, we'll buy'</li>  <li>Musk Says Fundamental Value Of Tesla Is 'How quickly did we accelerate sustainable energy?'</li>  <li>Expects To Increase Fremont Output By 50%</li>  <li>Musk Says Model Y To Be Best-Selling Vehicle By Volume By 2023</li>  <li>Cybertruck Will Enter Production In 2022, Will Reach Volume Production In 2023</li>  <li>Expects Roadster To Also Begin Production In 2023</li>  <li>Musk Says Company Is Not Contemplating Stock Split And No Plans To Offer Dividends</li>  <li>Musk Says Might Start Scouting For Locations For Another Factory 'Next Year'</li>  <li>Musk Says, Eventually, Tesla Will Make All Variants Of Vehicles, Says 'Why not?'</li>  <li>Company Will Move Headquarters To Austin, Texas</li> </ul> Tesla's stock closed Thursday's session up 1.4% at $793.61.</p><p><blockquote><ul><li>特斯拉表示，股东已批准特斯拉董事会对除第2项、第5项和第6项以外的所有账户的建议</li><li>埃隆·马斯克表示目标是让汽车价格尽可能实惠</li><li>马斯克表示，“你想生产多少电池并以实惠的价格卖给我们，我们就会购买多少电池”</li><li>马斯克表示，特斯拉的基本价值是“我们加速可持续能源的速度有多快？”</li><li>预计弗里蒙特产量将增加50%</li><li>马斯克表示Model Y到2023年将成为销量最畅销的汽车</li><li>Cybertruck 2022年投产2023年将实现量产</li><li>预计Roadster也将于2023年开始生产</li><li>马斯克表示公司不考虑股票分割，也没有计划派发股息</li><li>马斯克表示可能“明年”开始寻找另一家工厂的选址</li><li>马斯克表示，最终，特斯拉将生产所有车型，并表示“为什么不呢？”</li><li>公司将把总部迁至德克萨斯州奥斯汀</li></ul>特斯拉股价周四收盘上涨1.4%，至793.61美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Annual Shareholders Meeting Takeaways: Headquarters To Texas, No Stock Split, Cybertruck And More<blockquote>特斯拉年度股东大会要点：总部迁至德克萨斯、不拆股、Cybertruck等</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\">\nTesla Annual Shareholders Meeting Takeaways: Headquarters To Texas, No Stock Split, Cybertruck And More<blockquote>特斯拉年度股东大会要点：总部迁至德克萨斯、不拆股、Cybertruck等</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-10-08 08:12</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>Tesla Inc's</b>&nbsp;annual shareholders meeting&nbsp;is taking place Thursday evening.</p><p><blockquote><b>特斯拉公司</b>年度股东大会将于周四晚上举行。</blockquote></p><p> Below are some of the quick highlights from the meeting, courtesy of&nbsp;Benzinga Pro.</p><p><blockquote>以下是会议的一些快速亮点，由Benzinga Pro提供。</blockquote></p><p> <ul>  <li>Tesla Says Shareholders Have Approved Recommendations From Tesla Board On All Accounts Except&nbsp;Item 2, Item 5 And Item 6</li>  <li>Elon Musk Says Goal Is To Make Vehicle Prices As Affordable As Possible</li>  <li>Musk Says 'As many batteries you want to produce and sell to us at an affordable price, we'll buy'</li>  <li>Musk Says Fundamental Value Of Tesla Is 'How quickly did we accelerate sustainable energy?'</li>  <li>Expects To Increase Fremont Output By 50%</li>  <li>Musk Says Model Y To Be Best-Selling Vehicle By Volume By 2023</li>  <li>Cybertruck Will Enter Production In 2022, Will Reach Volume Production In 2023</li>  <li>Expects Roadster To Also Begin Production In 2023</li>  <li>Musk Says Company Is Not Contemplating Stock Split And No Plans To Offer Dividends</li>  <li>Musk Says Might Start Scouting For Locations For Another Factory 'Next Year'</li>  <li>Musk Says, Eventually, Tesla Will Make All Variants Of Vehicles, Says 'Why not?'</li>  <li>Company Will Move Headquarters To Austin, Texas</li> </ul> Tesla's stock closed Thursday's session up 1.4% at $793.61.</p><p><blockquote><ul><li>特斯拉表示，股东已批准特斯拉董事会对除第2项、第5项和第6项以外的所有账户的建议</li><li>埃隆·马斯克表示目标是让汽车价格尽可能实惠</li><li>马斯克表示，“你想生产多少电池并以实惠的价格卖给我们，我们就会购买多少电池”</li><li>马斯克表示，特斯拉的基本价值是“我们加速可持续能源的速度有多快？”</li><li>预计弗里蒙特产量将增加50%</li><li>马斯克表示Model Y到2023年将成为销量最畅销的汽车</li><li>Cybertruck 2022年投产2023年将实现量产</li><li>预计Roadster也将于2023年开始生产</li><li>马斯克表示公司不考虑股票分割，也没有计划派发股息</li><li>马斯克表示可能“明年”开始寻找另一家工厂的选址</li><li>马斯克表示，最终，特斯拉将生产所有车型，并表示“为什么不呢？”</li><li>公司将把总部迁至德克萨斯州奥斯汀</li></ul>特斯拉股价周四收盘上涨1.4%，至793.61美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163216677","content_text":"Tesla Inc's annual shareholders meeting is taking place Thursday evening.\nBelow are some of the quick highlights from the meeting, courtesy of Benzinga Pro.\n\nTesla Says Shareholders Have Approved Recommendations From Tesla Board On All Accounts Except Item 2, Item 5 And Item 6\nElon Musk Says Goal Is To Make Vehicle Prices As Affordable As Possible\nMusk Says 'As many batteries you want to produce and sell to us at an affordable price, we'll buy'\nMusk Says Fundamental Value Of Tesla Is 'How quickly did we accelerate sustainable energy?'\nExpects To Increase Fremont Output By 50%\nMusk Says Model Y To Be Best-Selling Vehicle By Volume By 2023\nCybertruck Will Enter Production In 2022, Will Reach Volume Production In 2023\nExpects Roadster To Also Begin Production In 2023\nMusk Says Company Is Not Contemplating Stock Split And No Plans To Offer Dividends\nMusk Says Might Start Scouting For Locations For Another Factory 'Next Year'\nMusk Says, Eventually, Tesla Will Make All Variants Of Vehicles, Says 'Why not?'\nCompany Will Move Headquarters To Austin, Texas\n\nTesla's stock closed Thursday's session up 1.4% at $793.61.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":800929046,"gmtCreate":1627273032285,"gmtModify":1633766628108,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"To the mooooooooon&nbsp;","listText":"To the mooooooooon&nbsp;","text":"To the mooooooooon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/800929046","repostId":"1167843544","repostType":4,"repost":{"id":"1167843544","kind":"news","pubTimestamp":1627266339,"share":"https://www.laohu8.com/m/news/1167843544?lang=zh_CN&edition=full","pubTime":"2021-07-26 10:25","market":"us","language":"en","title":"Here are 8 things investors will be looking for in Tesla's earnings report<blockquote>以下是投资者将在特斯拉收益报告中寻找的8件事</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167843544","media":"CNN","summary":"(CNN)Tesla is the most secretive automaker on the planet, so investors are always eager to pore thro","content":"<p>(CNN)Tesla is the most secretive automaker on the planet, so investors are always eager to pore through its quarterly report and conference call, when they finally can get more than tweet-sized morsels of information.</p><p><blockquote>(CNN)特斯拉是地球上最神秘的汽车制造商，因此投资者总是渴望仔细阅读其季度报告和电话会议，当他们最终可以获得比推文大小更多的信息时。</blockquote></p><p> The last two quarterly results have disappointed them. Shares have fallen nearly 30% from their record high set just ahead of its fourth-quarter report in late January, with more than a third of that slide in share price taking place since the company reported first quarter results in April.</p><p><blockquote>最近两个季度的业绩让他们感到失望。该公司股价较1月底发布第四季度报告前创下的历史高点下跌了近30%，其中超过三分之一的股价跌幅发生在该公司4月份公布第一季度业绩以来。</blockquote></p><p> So whether the best performing stock of 2020 can get back on track will depend greatly on what investors hear Monday evening, when Tesla releases its second quarter results.</p><p><blockquote>因此，2020年表现最好的股票能否重回正轨，将在很大程度上取决于周一晚上特斯拉发布第二季度业绩时投资者听到的消息。</blockquote></p><p> Here are the top issues they'll be looking at:</p><p><blockquote>以下是他们将关注的首要问题：</blockquote></p><p> <h3>How are things going in China?</h3> Unlike other automakers, Tesla normally reports only global numbers, and doesn't break down sales by country or market. But if it wants to assure investors, it may need to give details on its sales in China, which is not only the largest market for all auto sales but also the major market with the greatest share of sales going to EVs.</p><p><blockquote><h3>中国的情况怎么样？</h3>与其他汽车制造商不同，特斯拉通常只报告全球数据，而不按国家或市场细分销量。但如果它想让投资者放心，它可能需要提供其在中国销售的详细信息，中国不仅是所有汽车销售的最大市场，也是电动汽车销售份额最大的主要市场。</blockquote></p><p> Tesla was hit by widespread reports of safety problems in China, including the recall of almost all cars made at its Shanghai factory and a protest by Tesla owners at the Shanghai auto show in April.</p><p><blockquote>特斯拉受到了有关中国安全问题的广泛报道的打击，包括召回其上海工厂生产的几乎所有汽车，以及特斯拉车主在4月份上海车展上的抗议。</blockquote></p><p> \"The China growth stories is the top of the list for Tesla,\" said Dan Ives, tech analyst with Wedbush Securities and a Tesla bull. \"This is their key market, we believe 40% of their sales will come from there next year. I think that's the linchpin to the stock going up or down.\"</p><p><blockquote>Wedbush Securities科技分析师、特斯拉看涨者Dan Ives表示：“中国的增长故事是特斯拉的首选。”“这是他们的关键市场，我们相信明年他们40%的销售额将来自那里。我认为这是股票上涨或下跌的关键。”</blockquote></p><p> Although Chinese sales of EVs from other automakers are reportedly growing, Tesla's China sales fell 9.2%, according to stats cited by Gordon Johnson of GLJ Research, an analyst who is one of Tesla's harshest critics.</p><p><blockquote>GLJ Research分析师戈登·约翰逊(Gordon Johnson)引用的统计数据显示，尽管据报道其他汽车制造商的电动汽车在中国的销量正在增长，但特斯拉在中国的销量却下降了9.2%。戈登·约翰逊是特斯拉最严厉的批评者之一。</blockquote></p><p> \"It seems clear Tesla has a China demand problem,\" he wrote in a recent note. \"Weak second quarter 2021 China domestic sales likely translate into weak second quarter earnings for Tesla.\"</p><p><blockquote>“特斯拉显然存在对华需求问题，”他在最近的一份报告中写道。“2021年第二季度中国国内销售疲软可能会导致特斯拉第二季度盈利疲软。”</blockquote></p><p> <h3>How did it make its profits?</h3> Analysts surveyed by Refinitiv expect Tesla to report adjusted income of more than $1 billion for the second straight quarter, and net income of about $650 million. Both would be records for the company, and would mark the eighth straight quarterly profit after years of losses.</p><p><blockquote><h3>它是如何盈利的？</h3>Refinitiv调查的分析师预计，特斯拉将连续第二个季度报告调整后收入超过10亿美元，净利润约为6.5亿美元。这两项都将创下该公司的纪录，并标志着该公司在多年亏损后连续第八个季度实现盈利。</blockquote></p><p> But Tesla critics point out that its net income has never exceeded the money it gets from selling regulatory tax credits to other automakers for whom EV sales are a very small percentage of their overall sales. Those other automakers use the credits they purchase from Tesla to meet environmental standards, thus avoiding large fines.</p><p><blockquote>但特斯拉的批评者指出，其净利润从未超过向其他汽车制造商出售监管税收抵免所获得的收入，而这些汽车制造商的电动汽车销量仅占其总销量的很小比例。其他汽车制造商使用从特斯拉购买的积分来满足环境标准，从而避免巨额罚款。</blockquote></p><p> Tesla got $518 million from those sales in the first quarter, but even Tesla admits it can't count on those sales to continue as other automakers start to sell more of their own EVs. The company's critics say it is proof that Tesla can't make money just from selling cars.</p><p><blockquote>特斯拉第一季度从这些销售中获得了5.18亿美元，但就连特斯拉也承认，随着其他汽车制造商开始销售更多自己的电动汽车，它不能指望这些销售持续下去。该公司的批评者表示，这证明特斯拉无法仅靠销售汽车赚钱。</blockquote></p><p> If its net income finally does exceed those credits, as the estimates suggest, it will be a significant milestone for the company, Ives said.</p><p><blockquote>艾夫斯表示，如果其净利润最终确实像估计的那样超过这些积分，这对该公司来说将是一个重要的里程碑。</blockquote></p><p> \"That would throw one of the core bear arguments against the stock out the window,\" he said.</p><p><blockquote>“这将把针对该股的核心看跌论点之一抛到九霄云外，”他说。</blockquote></p><p> <h3>What's going on with its bitcoin holdings?</h3> In February, Tesla disclosed it used some of its cash on hand to purchase $1.5 billion in bitcoin. In April, it disclosed that it has sold some of those holdings and booked net income of $101 million from its crypto trading — adding to the argument that the company doesn't make money actually selling cars.</p><p><blockquote><h3>其比特币持股情况如何？</h3>今年2月，特斯拉透露，它使用部分手头现金购买了15亿美元的比特币股票。今年4月，该公司披露已出售部分持股，并从加密货币交易中获得1.01亿美元的净利润，这加剧了该公司实际销售汽车并不赚钱的论点。</blockquote></p><p> The bitcoin transactions made some investors nervous, said Ives, especially since the cryptocurrency has lost more than a third of its value since then.</p><p><blockquote>Ives表示，比特币的交易让一些投资者感到紧张，特别是自那以来，加密货币的价值已经损失了三分之一以上。</blockquote></p><p> <h3>What's going on with supply chain issues?</h3> The entire global auto industry is struggling with a computer chip shortage.</p><p><blockquote><h3>供应链问题是怎么回事？</h3>整个全球汽车行业都在为计算机芯片短缺而苦苦挣扎。</blockquote></p><p> With other automakers ramping up production of their own EVs, Tesla now has greater competition for the raw materials that make up large EVe batteries, such as lithium.</p><p><blockquote>随着其他汽车制造商提高自己的电动汽车产量，特斯拉现在在构成大型电动汽车电池的原材料（例如锂）方面面临着更激烈的竞争。</blockquote></p><p> In May, Musk tweeted that Tesla had to raise the price of its cars because of rising raw material costs. The outlook for raw material prices and the supply of parts such as chips and batteries will be a key to investors' expectations about Tesla sales the rest of this year.</p><p><blockquote>今年5月，马斯克在推特上表示，由于原材料成本上涨，特斯拉不得不提高汽车价格。原材料价格前景以及芯片和电池等零部件供应将是投资者对今年剩余时间特斯拉销量预期的关键。</blockquote></p><p> <h3>What's going on with new plants in Texas and Germany?</h3> Tesla has a track record of getting new plants up and running much faster than traditional automakers.</p><p><blockquote><h3>德克萨斯州和德国的新工厂进展如何？</h3>特斯拉拥有比传统汽车制造商更快地建立和运行新工厂的记录。</blockquote></p><p> It has a plant under construction near Austin, Texas, which will build the Model Y SUV and eventually the Cybertruck pickup, as well as another near Berlin to serve the European market, where it is losing ground on EV sales to Volkswagen (VLKAF).</p><p><blockquote>该公司在德克萨斯州奥斯汀附近有一家正在建设的工厂，将生产Model Y SUV并最终生产Cybertruck皮卡，在柏林附近还有另一家工厂，为欧洲市场提供服务，该公司在欧洲市场的电动汽车销量正在输给大众汽车(VLKAF)。</blockquote></p><p> Having two plants under construction simultaneously is the most ambitious expansion ever for Tesla, and the outlook for when the plants will be up to speed will be a key to investor expectations going forward.</p><p><blockquote>同时建设两座工厂是特斯拉有史以来最雄心勃勃的扩张，工厂何时投产的前景将是投资者未来预期的关键。</blockquote></p><p></p><p> Tesla said in April it expected both plants to have limited production later this year and \"volume production\" in 2022. It did not spell out what that means.</p><p><blockquote>特斯拉在4月份表示，预计这两家工厂将在今年晚些时候限产，并在2022年“量产”。它没有说明这是什么意思。</blockquote></p><p> <h3>What's the latest on the Cybertruck?</h3> With a number of established automakers such as Ford (F) and General Motors (GM) on the verge of selling their own electric pickups, it's important that Tesla get the Cybertruck, its first pickup, into consumers' hands soon. In January, Musk said he was expecting \"volume production\" in 2022.</p><p><blockquote><h3>Cybertruck有什么最新消息？</h3>随着福特(F)和通用(GM)等许多老牌汽车制造商即将销售自己的电动皮卡，特斯拉尽快将其首款皮卡Cybertruck交到消费者手中非常重要。今年1月，马斯克表示，他预计2022年将实现“量产”。</blockquote></p><p> Then in March he tweeted \"Update probably in Q2.\" He said the focus now was getting the Texas plant finished, calling that job a \"beast.\" Investors are anxious to get that update.</p><p><blockquote>然后在三月份，他在推特上写道“可能会在第二季度更新”。他表示，现在的重点是完成德克萨斯州工厂的建设，并称这项工作是“野兽”。投资者渴望获得这一更新。</blockquote></p><p> <h3>What are plans to open Tesla's superchargers to other automakers' EVs.</h3> This past week, Musk said in a tweet that \"we're making our Supercharger network open to other EVs later this year.\" As is often the case when he makes news via tweet, there were no details to help investors assess the business impact of such a move.</p><p><blockquote><h3>向其他汽车制造商的电动汽车开放特斯拉超级充电站的计划是什么？</h3>上周，马斯克在一条推文中表示，“我们将在今年晚些时候向其他电动汽车开放我们的超级充电网络。”正如他通过推特发布新闻时经常出现的情况一样，没有细节可以帮助投资者评估此举的商业影响。</blockquote></p><p> It could be significant. \"By 2030, we conservatively estimate Tesla supercharging revenue of $2.9 billion, a figure which does not include any revenue from non-Tesla vehicles,\" wrote Morgan Stanley auto analyst Adam Jonas in a note following the tweet.</p><p><blockquote>这可能意义重大。摩根士丹利汽车分析师Adam Jonas在推文后的一份报告中写道：“到2030年，我们保守估计特斯拉超级充电营收将达到29亿美元，这一数字不包括任何来自非特斯拉汽车的收入。”</blockquote></p><p> Musk will almost certainly be asked about the plans to open the network to other companies' cars during the conference call.</p><p><blockquote>马斯克几乎肯定会被问及在电话会议期间向其他公司的汽车开放网络的计划。</blockquote></p><p> <h3>What's the outlook for full self-driving cars?</h3> This is one reason Tesla shares have so greatly outperformed traditional auto stocks: the belief of investors that it is closer to offering full self-driving cars, or FSD, than any other companies.</p><p><blockquote><h3>全自动驾驶汽车的前景如何？</h3>这是特斯拉股价大幅跑赢传统汽车股的原因之一：投资者相信它比任何其他公司都更接近提供全自动驾驶汽车（FSD）。</blockquote></p><p> Musk keeps promising advances for versions of FSD in his tweets. And Tesla CFO Zachary Kirkhorn spoke on the last earnings call about the potential for significant revenue from drivers who pay for FSD on a subscription basis.</p><p><blockquote>马斯克在推文中不断承诺FSD版本的进步。特斯拉首席财务官Zachary Kirkhorn在上次财报看涨期权上谈到了通过订阅方式支付FSD费用的司机可能会获得大量收入。</blockquote></p><p> But so far FSD has been more promise than reality. Investors will be eager to hear the latest outlook, and for the revenue that Tesla hopes to gain from it.</p><p><blockquote>但到目前为止，FSD的承诺多于现实。投资者将渴望听到最新的前景，以及特斯拉希望从中获得的收入。</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>Here are 8 things investors will be looking for in Tesla's earnings report<blockquote>以下是投资者将在特斯拉收益报告中寻找的8件事</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\">\nHere are 8 things investors will be looking for in Tesla's earnings report<blockquote>以下是投资者将在特斯拉收益报告中寻找的8件事</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN</strong><span class=\"h-time small\">2021-07-26 10:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(CNN)Tesla is the most secretive automaker on the planet, so investors are always eager to pore through its quarterly report and conference call, when they finally can get more than tweet-sized morsels of information.</p><p><blockquote>(CNN)特斯拉是地球上最神秘的汽车制造商，因此投资者总是渴望仔细阅读其季度报告和电话会议，当他们最终可以获得比推文大小更多的信息时。</blockquote></p><p> The last two quarterly results have disappointed them. Shares have fallen nearly 30% from their record high set just ahead of its fourth-quarter report in late January, with more than a third of that slide in share price taking place since the company reported first quarter results in April.</p><p><blockquote>最近两个季度的业绩让他们感到失望。该公司股价较1月底发布第四季度报告前创下的历史高点下跌了近30%，其中超过三分之一的股价跌幅发生在该公司4月份公布第一季度业绩以来。</blockquote></p><p> So whether the best performing stock of 2020 can get back on track will depend greatly on what investors hear Monday evening, when Tesla releases its second quarter results.</p><p><blockquote>因此，2020年表现最好的股票能否重回正轨，将在很大程度上取决于周一晚上特斯拉发布第二季度业绩时投资者听到的消息。</blockquote></p><p> Here are the top issues they'll be looking at:</p><p><blockquote>以下是他们将关注的首要问题：</blockquote></p><p> <h3>How are things going in China?</h3> Unlike other automakers, Tesla normally reports only global numbers, and doesn't break down sales by country or market. But if it wants to assure investors, it may need to give details on its sales in China, which is not only the largest market for all auto sales but also the major market with the greatest share of sales going to EVs.</p><p><blockquote><h3>中国的情况怎么样？</h3>与其他汽车制造商不同，特斯拉通常只报告全球数据，而不按国家或市场细分销量。但如果它想让投资者放心，它可能需要提供其在中国销售的详细信息，中国不仅是所有汽车销售的最大市场，也是电动汽车销售份额最大的主要市场。</blockquote></p><p> Tesla was hit by widespread reports of safety problems in China, including the recall of almost all cars made at its Shanghai factory and a protest by Tesla owners at the Shanghai auto show in April.</p><p><blockquote>特斯拉受到了有关中国安全问题的广泛报道的打击，包括召回其上海工厂生产的几乎所有汽车，以及特斯拉车主在4月份上海车展上的抗议。</blockquote></p><p> \"The China growth stories is the top of the list for Tesla,\" said Dan Ives, tech analyst with Wedbush Securities and a Tesla bull. \"This is their key market, we believe 40% of their sales will come from there next year. I think that's the linchpin to the stock going up or down.\"</p><p><blockquote>Wedbush Securities科技分析师、特斯拉看涨者Dan Ives表示：“中国的增长故事是特斯拉的首选。”“这是他们的关键市场，我们相信明年他们40%的销售额将来自那里。我认为这是股票上涨或下跌的关键。”</blockquote></p><p> Although Chinese sales of EVs from other automakers are reportedly growing, Tesla's China sales fell 9.2%, according to stats cited by Gordon Johnson of GLJ Research, an analyst who is one of Tesla's harshest critics.</p><p><blockquote>GLJ Research分析师戈登·约翰逊(Gordon Johnson)引用的统计数据显示，尽管据报道其他汽车制造商的电动汽车在中国的销量正在增长，但特斯拉在中国的销量却下降了9.2%。戈登·约翰逊是特斯拉最严厉的批评者之一。</blockquote></p><p> \"It seems clear Tesla has a China demand problem,\" he wrote in a recent note. \"Weak second quarter 2021 China domestic sales likely translate into weak second quarter earnings for Tesla.\"</p><p><blockquote>“特斯拉显然存在对华需求问题，”他在最近的一份报告中写道。“2021年第二季度中国国内销售疲软可能会导致特斯拉第二季度盈利疲软。”</blockquote></p><p> <h3>How did it make its profits?</h3> Analysts surveyed by Refinitiv expect Tesla to report adjusted income of more than $1 billion for the second straight quarter, and net income of about $650 million. Both would be records for the company, and would mark the eighth straight quarterly profit after years of losses.</p><p><blockquote><h3>它是如何盈利的？</h3>Refinitiv调查的分析师预计，特斯拉将连续第二个季度报告调整后收入超过10亿美元，净利润约为6.5亿美元。这两项都将创下该公司的纪录，并标志着该公司在多年亏损后连续第八个季度实现盈利。</blockquote></p><p> But Tesla critics point out that its net income has never exceeded the money it gets from selling regulatory tax credits to other automakers for whom EV sales are a very small percentage of their overall sales. Those other automakers use the credits they purchase from Tesla to meet environmental standards, thus avoiding large fines.</p><p><blockquote>但特斯拉的批评者指出，其净利润从未超过向其他汽车制造商出售监管税收抵免所获得的收入，而这些汽车制造商的电动汽车销量仅占其总销量的很小比例。其他汽车制造商使用从特斯拉购买的积分来满足环境标准，从而避免巨额罚款。</blockquote></p><p> Tesla got $518 million from those sales in the first quarter, but even Tesla admits it can't count on those sales to continue as other automakers start to sell more of their own EVs. The company's critics say it is proof that Tesla can't make money just from selling cars.</p><p><blockquote>特斯拉第一季度从这些销售中获得了5.18亿美元，但就连特斯拉也承认，随着其他汽车制造商开始销售更多自己的电动汽车，它不能指望这些销售持续下去。该公司的批评者表示，这证明特斯拉无法仅靠销售汽车赚钱。</blockquote></p><p> If its net income finally does exceed those credits, as the estimates suggest, it will be a significant milestone for the company, Ives said.</p><p><blockquote>艾夫斯表示，如果其净利润最终确实像估计的那样超过这些积分，这对该公司来说将是一个重要的里程碑。</blockquote></p><p> \"That would throw one of the core bear arguments against the stock out the window,\" he said.</p><p><blockquote>“这将把针对该股的核心看跌论点之一抛到九霄云外，”他说。</blockquote></p><p> <h3>What's going on with its bitcoin holdings?</h3> In February, Tesla disclosed it used some of its cash on hand to purchase $1.5 billion in bitcoin. In April, it disclosed that it has sold some of those holdings and booked net income of $101 million from its crypto trading — adding to the argument that the company doesn't make money actually selling cars.</p><p><blockquote><h3>其比特币持股情况如何？</h3>今年2月，特斯拉透露，它使用部分手头现金购买了15亿美元的比特币股票。今年4月，该公司披露已出售部分持股，并从加密货币交易中获得1.01亿美元的净利润，这加剧了该公司实际销售汽车并不赚钱的论点。</blockquote></p><p> The bitcoin transactions made some investors nervous, said Ives, especially since the cryptocurrency has lost more than a third of its value since then.</p><p><blockquote>Ives表示，比特币的交易让一些投资者感到紧张，特别是自那以来，加密货币的价值已经损失了三分之一以上。</blockquote></p><p> <h3>What's going on with supply chain issues?</h3> The entire global auto industry is struggling with a computer chip shortage.</p><p><blockquote><h3>供应链问题是怎么回事？</h3>整个全球汽车行业都在为计算机芯片短缺而苦苦挣扎。</blockquote></p><p> With other automakers ramping up production of their own EVs, Tesla now has greater competition for the raw materials that make up large EVe batteries, such as lithium.</p><p><blockquote>随着其他汽车制造商提高自己的电动汽车产量，特斯拉现在在构成大型电动汽车电池的原材料（例如锂）方面面临着更激烈的竞争。</blockquote></p><p> In May, Musk tweeted that Tesla had to raise the price of its cars because of rising raw material costs. The outlook for raw material prices and the supply of parts such as chips and batteries will be a key to investors' expectations about Tesla sales the rest of this year.</p><p><blockquote>今年5月，马斯克在推特上表示，由于原材料成本上涨，特斯拉不得不提高汽车价格。原材料价格前景以及芯片和电池等零部件供应将是投资者对今年剩余时间特斯拉销量预期的关键。</blockquote></p><p> <h3>What's going on with new plants in Texas and Germany?</h3> Tesla has a track record of getting new plants up and running much faster than traditional automakers.</p><p><blockquote><h3>德克萨斯州和德国的新工厂进展如何？</h3>特斯拉拥有比传统汽车制造商更快地建立和运行新工厂的记录。</blockquote></p><p> It has a plant under construction near Austin, Texas, which will build the Model Y SUV and eventually the Cybertruck pickup, as well as another near Berlin to serve the European market, where it is losing ground on EV sales to Volkswagen (VLKAF).</p><p><blockquote>该公司在德克萨斯州奥斯汀附近有一家正在建设的工厂，将生产Model Y SUV并最终生产Cybertruck皮卡，在柏林附近还有另一家工厂，为欧洲市场提供服务，该公司在欧洲市场的电动汽车销量正在输给大众汽车(VLKAF)。</blockquote></p><p> Having two plants under construction simultaneously is the most ambitious expansion ever for Tesla, and the outlook for when the plants will be up to speed will be a key to investor expectations going forward.</p><p><blockquote>同时建设两座工厂是特斯拉有史以来最雄心勃勃的扩张，工厂何时投产的前景将是投资者未来预期的关键。</blockquote></p><p></p><p> Tesla said in April it expected both plants to have limited production later this year and \"volume production\" in 2022. It did not spell out what that means.</p><p><blockquote>特斯拉在4月份表示，预计这两家工厂将在今年晚些时候限产，并在2022年“量产”。它没有说明这是什么意思。</blockquote></p><p> <h3>What's the latest on the Cybertruck?</h3> With a number of established automakers such as Ford (F) and General Motors (GM) on the verge of selling their own electric pickups, it's important that Tesla get the Cybertruck, its first pickup, into consumers' hands soon. In January, Musk said he was expecting \"volume production\" in 2022.</p><p><blockquote><h3>Cybertruck有什么最新消息？</h3>随着福特(F)和通用(GM)等许多老牌汽车制造商即将销售自己的电动皮卡，特斯拉尽快将其首款皮卡Cybertruck交到消费者手中非常重要。今年1月，马斯克表示，他预计2022年将实现“量产”。</blockquote></p><p> Then in March he tweeted \"Update probably in Q2.\" He said the focus now was getting the Texas plant finished, calling that job a \"beast.\" Investors are anxious to get that update.</p><p><blockquote>然后在三月份，他在推特上写道“可能会在第二季度更新”。他表示，现在的重点是完成德克萨斯州工厂的建设，并称这项工作是“野兽”。投资者渴望获得这一更新。</blockquote></p><p> <h3>What are plans to open Tesla's superchargers to other automakers' EVs.</h3> This past week, Musk said in a tweet that \"we're making our Supercharger network open to other EVs later this year.\" As is often the case when he makes news via tweet, there were no details to help investors assess the business impact of such a move.</p><p><blockquote><h3>向其他汽车制造商的电动汽车开放特斯拉超级充电站的计划是什么？</h3>上周，马斯克在一条推文中表示，“我们将在今年晚些时候向其他电动汽车开放我们的超级充电网络。”正如他通过推特发布新闻时经常出现的情况一样，没有细节可以帮助投资者评估此举的商业影响。</blockquote></p><p> It could be significant. \"By 2030, we conservatively estimate Tesla supercharging revenue of $2.9 billion, a figure which does not include any revenue from non-Tesla vehicles,\" wrote Morgan Stanley auto analyst Adam Jonas in a note following the tweet.</p><p><blockquote>这可能意义重大。摩根士丹利汽车分析师Adam Jonas在推文后的一份报告中写道：“到2030年，我们保守估计特斯拉超级充电营收将达到29亿美元，这一数字不包括任何来自非特斯拉汽车的收入。”</blockquote></p><p> Musk will almost certainly be asked about the plans to open the network to other companies' cars during the conference call.</p><p><blockquote>马斯克几乎肯定会被问及在电话会议期间向其他公司的汽车开放网络的计划。</blockquote></p><p> <h3>What's the outlook for full self-driving cars?</h3> This is one reason Tesla shares have so greatly outperformed traditional auto stocks: the belief of investors that it is closer to offering full self-driving cars, or FSD, than any other companies.</p><p><blockquote><h3>全自动驾驶汽车的前景如何？</h3>这是特斯拉股价大幅跑赢传统汽车股的原因之一：投资者相信它比任何其他公司都更接近提供全自动驾驶汽车（FSD）。</blockquote></p><p> Musk keeps promising advances for versions of FSD in his tweets. And Tesla CFO Zachary Kirkhorn spoke on the last earnings call about the potential for significant revenue from drivers who pay for FSD on a subscription basis.</p><p><blockquote>马斯克在推文中不断承诺FSD版本的进步。特斯拉首席财务官Zachary Kirkhorn在上次财报看涨期权上谈到了通过订阅方式支付FSD费用的司机可能会获得大量收入。</blockquote></p><p> But so far FSD has been more promise than reality. Investors will be eager to hear the latest outlook, and for the revenue that Tesla hopes to gain from it.</p><p><blockquote>但到目前为止，FSD的承诺多于现实。投资者将渴望听到最新的前景，以及特斯拉希望从中获得的收入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/07/25/business/tesla-earnings-outlook/index.html\">CNN</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":{"TSLA":"特斯拉"},"source_url":"https://edition.cnn.com/2021/07/25/business/tesla-earnings-outlook/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167843544","content_text":"(CNN)Tesla is the most secretive automaker on the planet, so investors are always eager to pore through its quarterly report and conference call, when they finally can get more than tweet-sized morsels of information.\nThe last two quarterly results have disappointed them. Shares have fallen nearly 30% from their record high set just ahead of its fourth-quarter report in late January, with more than a third of that slide in share price taking place since the company reported first quarter results in April.\nSo whether the best performing stock of 2020 can get back on track will depend greatly on what investors hear Monday evening, when Tesla releases its second quarter results.\nHere are the top issues they'll be looking at:\nHow are things going in China?\nUnlike other automakers, Tesla normally reports only global numbers, and doesn't break down sales by country or market. But if it wants to assure investors, it may need to give details on its sales in China, which is not only the largest market for all auto sales but also the major market with the greatest share of sales going to EVs.\nTesla was hit by widespread reports of safety problems in China, including the recall of almost all cars made at its Shanghai factory and a protest by Tesla owners at the Shanghai auto show in April.\n\"The China growth stories is the top of the list for Tesla,\" said Dan Ives, tech analyst with Wedbush Securities and a Tesla bull. \"This is their key market, we believe 40% of their sales will come from there next year. I think that's the linchpin to the stock going up or down.\"\nAlthough Chinese sales of EVs from other automakers are reportedly growing, Tesla's China sales fell 9.2%, according to stats cited by Gordon Johnson of GLJ Research, an analyst who is one of Tesla's harshest critics.\n\"It seems clear Tesla has a China demand problem,\" he wrote in a recent note. \"Weak second quarter 2021 China domestic sales likely translate into weak second quarter earnings for Tesla.\"\nHow did it make its profits?\nAnalysts surveyed by Refinitiv expect Tesla to report adjusted income of more than $1 billion for the second straight quarter, and net income of about $650 million. Both would be records for the company, and would mark the eighth straight quarterly profit after years of losses.\nBut Tesla critics point out that its net income has never exceeded the money it gets from selling regulatory tax credits to other automakers for whom EV sales are a very small percentage of their overall sales. Those other automakers use the credits they purchase from Tesla to meet environmental standards, thus avoiding large fines.\nTesla got $518 million from those sales in the first quarter, but even Tesla admits it can't count on those sales to continue as other automakers start to sell more of their own EVs. The company's critics say it is proof that Tesla can't make money just from selling cars.\nIf its net income finally does exceed those credits, as the estimates suggest, it will be a significant milestone for the company, Ives said.\n\"That would throw one of the core bear arguments against the stock out the window,\" he said.\nWhat's going on with its bitcoin holdings?\nIn February, Tesla disclosed it used some of its cash on hand to purchase $1.5 billion in bitcoin. In April, it disclosed that it has sold some of those holdings and booked net income of $101 million from its crypto trading — adding to the argument that the company doesn't make money actually selling cars.\nThe bitcoin transactions made some investors nervous, said Ives, especially since the cryptocurrency has lost more than a third of its value since then.\nWhat's going on with supply chain issues?\nThe entire global auto industry is struggling with a computer chip shortage.\nWith other automakers ramping up production of their own EVs, Tesla now has greater competition for the raw materials that make up large EVe batteries, such as lithium.\nIn May, Musk tweeted that Tesla had to raise the price of its cars because of rising raw material costs. The outlook for raw material prices and the supply of parts such as chips and batteries will be a key to investors' expectations about Tesla sales the rest of this year.\nWhat's going on with new plants in Texas and Germany?\nTesla has a track record of getting new plants up and running much faster than traditional automakers.\nIt has a plant under construction near Austin, Texas, which will build the Model Y SUV and eventually the Cybertruck pickup, as well as another near Berlin to serve the European market, where it is losing ground on EV sales to Volkswagen (VLKAF).\nHaving two plants under construction simultaneously is the most ambitious expansion ever for Tesla, and the outlook for when the plants will be up to speed will be a key to investor expectations going forward.\nTesla said in April it expected both plants to have limited production later this year and \"volume production\" in 2022. It did not spell out what that means.\nWhat's the latest on the Cybertruck?\nWith a number of established automakers such as Ford (F) and General Motors (GM) on the verge of selling their own electric pickups, it's important that Tesla get the Cybertruck, its first pickup, into consumers' hands soon. In January, Musk said he was expecting \"volume production\" in 2022.\nThen in March he tweeted \"Update probably in Q2.\" He said the focus now was getting the Texas plant finished, calling that job a \"beast.\" Investors are anxious to get that update.\nWhat are plans to open Tesla's superchargers to other automakers' EVs.\nThis past week, Musk said in a tweet that \"we're making our Supercharger network open to other EVs later this year.\" As is often the case when he makes news via tweet, there were no details to help investors assess the business impact of such a move.\nIt could be significant. \"By 2030, we conservatively estimate Tesla supercharging revenue of $2.9 billion, a figure which does not include any revenue from non-Tesla vehicles,\" wrote Morgan Stanley auto analyst Adam Jonas in a note following the tweet.\nMusk will almost certainly be asked about the plans to open the network to other companies' cars during the conference call.\nWhat's the outlook for full self-driving cars?\nThis is one reason Tesla shares have so greatly outperformed traditional auto stocks: the belief of investors that it is closer to offering full self-driving cars, or FSD, than any other companies.\nMusk keeps promising advances for versions of FSD in his tweets. And Tesla CFO Zachary Kirkhorn spoke on the last earnings call about the potential for significant revenue from drivers who pay for FSD on a subscription basis.\nBut so far FSD has been more promise than reality. Investors will be eager to hear the latest outlook, and for the revenue that Tesla hopes to gain from it.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157014588,"gmtCreate":1625553332644,"gmtModify":1633939708364,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"Like and comment please&nbsp;","listText":"Like and comment please&nbsp;","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/157014588","repostId":"2149033827","repostType":4,"isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152072997,"gmtCreate":1625246933819,"gmtModify":1633942094819,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"Yeah! Like and comment please&nbsp;","listText":"Yeah! Like and comment please&nbsp;","text":"Yeah! Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/152072997","repostId":"1196057674","repostType":4,"repost":{"id":"1196057674","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1625229715,"share":"https://www.laohu8.com/m/news/1196057674?lang=zh_CN&edition=full","pubTime":"2021-07-02 20:41","market":"us","language":"en","title":"5 Warren Buffett Favorites To Keep An Eye On<blockquote>沃伦·巴菲特最喜欢关注的5个</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1196057674","media":"Benzinga","summary":"Legendary investor Warren Buffett has posted an impressive 21% year-to-date return for his flagship Berkshire Hathaway Inc  in the first half of 2021.Here's a look at five stocks owned by Buffett and Berkshire Hathaway that could see strong gains in the second half of 2021.Aonreportedfirst-quarter revenue up 10% year-over-year, including organic revenue growth of 6%. The company’s margins improved and earnings per share grew 22% year-over-year. Aon announced a supply chain global protection plan","content":"<p>Legendary investor&nbsp;<b>Warren Buffett</b>&nbsp;has posted an impressive 21% year-to-date return for his flagship&nbsp;<b>Berkshire Hathaway Inc</b>(NYSE:BRKA) (NYSE:BRKB)&nbsp;in the first half of 2021.</p><p><blockquote>传奇投资人<b>沃伦·巴菲特</b>其旗舰产品年初至今的回报率为21%，令人印象深刻<b>伯克希尔哈撒韦公司</b>（纽约证券交易所代码：BRKA）（纽约证券交易所代码：BRKB）2021年上半年。</blockquote></p><p> Here's a look at five stocks owned by Buffett and Berkshire Hathaway that could see strong gains in the second half of 2021.</p><p><blockquote>以下是巴菲特和伯克希尔哈撒韦公司持有的五只股票，它们可能在2021年下半年出现强劲上涨。</blockquote></p><p> <b>1. Aon:</b>Earlier this year, Berkshire Hathaway took an&nbsp;initial position&nbsp;in insurance broker&nbsp;<b>Aon plc</b>(NYSE:AON). Shares of the company are up 15% year-to-date, could see more upside and could also be a position Buffett adds to.</p><p><blockquote><b>1.怡安：</b>今年早些时候，伯克希尔哈撒韦公司初步涉足保险经纪业务<b>怡安plc</b>（纽约证券交易所代码：怡安）。该公司股价今年迄今已上涨15%，可能会有更多上涨空间，也可能是巴菲特增持的头寸。</blockquote></p><p> Aonreportedfirst-quarter revenue up 10% year-over-year, including organic revenue growth of 6%. The company’s margins improved and earnings per share grew 22% year-over-year. Aon announced a supply chain global protection plan for COVID-19 vaccines that could be a highlight in the next earnings report.</p><p><blockquote>怡安公布第一季度收入同比增长10%，其中有机收入增长6%。该公司的利润率有所提高，每股收益同比增长22%。怡安宣布了一项针对COVID-19疫苗的供应链全球保护计划，这可能是下一份收益报告中的一个亮点。</blockquote></p><p> <b>2. Apple:</b>There have been several rallies for technology stocks in the first half of 2021. Despite the rallies, shares of technology giant&nbsp;<b>Apple Inc</b>(NASDAQ:AAPL) traded flat in the first half of 2021.</p><p><blockquote><b>2.苹果：</b>2021年上半年，科技股出现了几次反弹。尽管上涨，科技巨头的股价<b>苹果公司</b>（纳斯达克：AAPL）2021年上半年交易持平。</blockquote></p><p> Apple makes up the largest stock holding in the Berkshire Hathaway portfolio. The iPhone maker&nbsp;continues to be an innovator and should not be overlooked for more product launches and announcements in the second half of the year that could move shares of the stock higher.</p><p><blockquote>苹果是Berkshire Hathaway投资组合中持有的最大股票。这家iPhone制造商仍然是创新者，不应忽视下半年更多产品发布和公告，这可能会推高该股股价。</blockquote></p><p> <b>3. Bank of America:</b>&nbsp;<b>Bank of America Corporation</b>(NYSE:BAC) is a large holding of Buffett's and one of several bank stocks that he has kept. Buffett has significantly lowered the company’s weighting in&nbsp;<b>Wells Fargo Co</b>(NYSE:WFC), a stock it once owned 10% of and started investing in dating back to 1989.</p><p><blockquote><b>3.美国银行：</b> <b>美国银行公司</b>（纽约证券交易所股票代码：BAC）是巴菲特的大量持股，也是他持有的几只银行股之一。巴菲特大幅降低了公司在<b>富国银行公司</b>（纽约证券交易所股票代码：WFC），该公司曾持有该股票10%，并于1989年开始投资。</blockquote></p><p> Bank of America could be Buffett's favored banking stock and it comes as the company reported record consumer investment assets and record client balances in thefirst quarter.</p><p><blockquote>美国银行可能是巴菲特最喜欢的银行股，该公司报告第一季度消费者投资资产和客户余额创历史新高。</blockquote></p><p> Revenue for the first quarter of $22.8 billion was flat year-over-year but several areas saw strong demand and growth. The company announced it's raising its quarterly dividend from 18 cents to 21 cents in late June and could continue to raise dividends after passing a new bank stress test.</p><p><blockquote>第一季度收入为228亿美元，同比持平，但多个领域的需求和增长强劲。该公司于6月底宣布将季度股息从18美分提高至21美分，并可能在通过新的银行压力测试后继续提高股息。</blockquote></p><p> <b>4. Coca-Cola:</b>One of Buffett's favorites&nbsp;is<b>&nbsp;Coca-Cola Co</b>&nbsp;(NYSE:KO). Shares of the beverage giant are down 1% in the first half of 2021 as many consumer food and beverage companies have seen positive returns. The company could be due to make a bigacquisitionlike that of&nbsp;<b>Monster Beverage Corporation</b>(NASDAQ:MNST) orpushing furtherinto alcoholic beverages.</p><p><blockquote><b>4.可口可乐：</b>巴菲特的最爱之一是<b>可口可乐公司</b>（纽约证券交易所代码：KO）。由于许多消费食品和饮料公司都获得了正回报，这家饮料巨头的股价在2021年上半年下跌了1%。该公司可能会进行类似于<b>怪兽饮料公司</b>（纳斯达克：MNST）或进一步推进酒精饮料。</blockquote></p><p> <b>5. Verizon:</b>Shares of&nbsp;<b>Verizon Communications</b>(NYSE:VZ) are down around 4% in the first half of 2021. The companyreportedtotal revenue of $32.9 billion in the first quarter, up 4% year-over-year. Several of the company’s core business segments saw single-digit growth.</p><p><blockquote><b>5.威瑞森：</b>本公司之股份<b>Verizon通信</b>（纽约证券交易所股票代码：VZ）2021年上半年下跌约4%。该公司报告第一季度总收入为329亿美元，同比增长4%。该公司的几个核心业务部门实现了个位数增长。</blockquote></p><p> A shift to 5G nationwide could help a company like Verizon, which along with a near 5% dividend yield could make the communications giant a stock to watch in the second half of 2021.</p><p><blockquote>在全国范围内转向5G可能会帮助像Verizon这样的公司，加上近5%的股息收益率，可能会使这家通信巨头成为2021年下半年值得关注的股票。</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>5 Warren Buffett Favorites To Keep An Eye On<blockquote>沃伦·巴菲特最喜欢关注的5个</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\">\n5 Warren Buffett Favorites To Keep An Eye On<blockquote>沃伦·巴菲特最喜欢关注的5个</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-07-02 20:41</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Legendary investor&nbsp;<b>Warren Buffett</b>&nbsp;has posted an impressive 21% year-to-date return for his flagship&nbsp;<b>Berkshire Hathaway Inc</b>(NYSE:BRKA) (NYSE:BRKB)&nbsp;in the first half of 2021.</p><p><blockquote>传奇投资人<b>沃伦·巴菲特</b>其旗舰产品年初至今的回报率为21%，令人印象深刻<b>伯克希尔哈撒韦公司</b>（纽约证券交易所代码：BRKA）（纽约证券交易所代码：BRKB）2021年上半年。</blockquote></p><p> Here's a look at five stocks owned by Buffett and Berkshire Hathaway that could see strong gains in the second half of 2021.</p><p><blockquote>以下是巴菲特和伯克希尔哈撒韦公司持有的五只股票，它们可能在2021年下半年出现强劲上涨。</blockquote></p><p> <b>1. Aon:</b>Earlier this year, Berkshire Hathaway took an&nbsp;initial position&nbsp;in insurance broker&nbsp;<b>Aon plc</b>(NYSE:AON). Shares of the company are up 15% year-to-date, could see more upside and could also be a position Buffett adds to.</p><p><blockquote><b>1.怡安：</b>今年早些时候，伯克希尔哈撒韦公司初步涉足保险经纪业务<b>怡安plc</b>（纽约证券交易所代码：怡安）。该公司股价今年迄今已上涨15%，可能会有更多上涨空间，也可能是巴菲特增持的头寸。</blockquote></p><p> Aonreportedfirst-quarter revenue up 10% year-over-year, including organic revenue growth of 6%. The company’s margins improved and earnings per share grew 22% year-over-year. Aon announced a supply chain global protection plan for COVID-19 vaccines that could be a highlight in the next earnings report.</p><p><blockquote>怡安公布第一季度收入同比增长10%，其中有机收入增长6%。该公司的利润率有所提高，每股收益同比增长22%。怡安宣布了一项针对COVID-19疫苗的供应链全球保护计划，这可能是下一份收益报告中的一个亮点。</blockquote></p><p> <b>2. Apple:</b>There have been several rallies for technology stocks in the first half of 2021. Despite the rallies, shares of technology giant&nbsp;<b>Apple Inc</b>(NASDAQ:AAPL) traded flat in the first half of 2021.</p><p><blockquote><b>2.苹果：</b>2021年上半年，科技股出现了几次反弹。尽管上涨，科技巨头的股价<b>苹果公司</b>（纳斯达克：AAPL）2021年上半年交易持平。</blockquote></p><p> Apple makes up the largest stock holding in the Berkshire Hathaway portfolio. The iPhone maker&nbsp;continues to be an innovator and should not be overlooked for more product launches and announcements in the second half of the year that could move shares of the stock higher.</p><p><blockquote>苹果是Berkshire Hathaway投资组合中持有的最大股票。这家iPhone制造商仍然是创新者，不应忽视下半年更多产品发布和公告，这可能会推高该股股价。</blockquote></p><p> <b>3. Bank of America:</b>&nbsp;<b>Bank of America Corporation</b>(NYSE:BAC) is a large holding of Buffett's and one of several bank stocks that he has kept. Buffett has significantly lowered the company’s weighting in&nbsp;<b>Wells Fargo Co</b>(NYSE:WFC), a stock it once owned 10% of and started investing in dating back to 1989.</p><p><blockquote><b>3.美国银行：</b> <b>美国银行公司</b>（纽约证券交易所股票代码：BAC）是巴菲特的大量持股，也是他持有的几只银行股之一。巴菲特大幅降低了公司在<b>富国银行公司</b>（纽约证券交易所股票代码：WFC），该公司曾持有该股票10%，并于1989年开始投资。</blockquote></p><p> Bank of America could be Buffett's favored banking stock and it comes as the company reported record consumer investment assets and record client balances in thefirst quarter.</p><p><blockquote>美国银行可能是巴菲特最喜欢的银行股，该公司报告第一季度消费者投资资产和客户余额创历史新高。</blockquote></p><p> Revenue for the first quarter of $22.8 billion was flat year-over-year but several areas saw strong demand and growth. The company announced it's raising its quarterly dividend from 18 cents to 21 cents in late June and could continue to raise dividends after passing a new bank stress test.</p><p><blockquote>第一季度收入为228亿美元，同比持平，但多个领域的需求和增长强劲。该公司于6月底宣布将季度股息从18美分提高至21美分，并可能在通过新的银行压力测试后继续提高股息。</blockquote></p><p> <b>4. Coca-Cola:</b>One of Buffett's favorites&nbsp;is<b>&nbsp;Coca-Cola Co</b>&nbsp;(NYSE:KO). Shares of the beverage giant are down 1% in the first half of 2021 as many consumer food and beverage companies have seen positive returns. The company could be due to make a bigacquisitionlike that of&nbsp;<b>Monster Beverage Corporation</b>(NASDAQ:MNST) orpushing furtherinto alcoholic beverages.</p><p><blockquote><b>4.可口可乐：</b>巴菲特的最爱之一是<b>可口可乐公司</b>（纽约证券交易所代码：KO）。由于许多消费食品和饮料公司都获得了正回报，这家饮料巨头的股价在2021年上半年下跌了1%。该公司可能会进行类似于<b>怪兽饮料公司</b>（纳斯达克：MNST）或进一步推进酒精饮料。</blockquote></p><p> <b>5. Verizon:</b>Shares of&nbsp;<b>Verizon Communications</b>(NYSE:VZ) are down around 4% in the first half of 2021. The companyreportedtotal revenue of $32.9 billion in the first quarter, up 4% year-over-year. Several of the company’s core business segments saw single-digit growth.</p><p><blockquote><b>5.威瑞森：</b>本公司之股份<b>Verizon通信</b>（纽约证券交易所股票代码：VZ）2021年上半年下跌约4%。该公司报告第一季度总收入为329亿美元，同比增长4%。该公司的几个核心业务部门实现了个位数增长。</blockquote></p><p> A shift to 5G nationwide could help a company like Verizon, which along with a near 5% dividend yield could make the communications giant a stock to watch in the second half of 2021.</p><p><blockquote>在全国范围内转向5G可能会帮助像Verizon这样的公司，加上近5%的股息收益率，可能会使这家通信巨头成为2021年下半年值得关注的股票。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","MNST":"怪物饮料","AAPL":"苹果","KO":"可口可乐","BAC":"美国银行","BRK.B":"伯克希尔B","AON":"怡安保险","WFC":"富国银行"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196057674","content_text":"Legendary investor Warren Buffett has posted an impressive 21% year-to-date return for his flagship Berkshire Hathaway Inc(NYSE:BRKA) (NYSE:BRKB) in the first half of 2021.\nHere's a look at five stocks owned by Buffett and Berkshire Hathaway that could see strong gains in the second half of 2021.\n1. Aon:Earlier this year, Berkshire Hathaway took an initial position in insurance broker Aon plc(NYSE:AON). Shares of the company are up 15% year-to-date, could see more upside and could also be a position Buffett adds to.\nAonreportedfirst-quarter revenue up 10% year-over-year, including organic revenue growth of 6%. The company’s margins improved and earnings per share grew 22% year-over-year. Aon announced a supply chain global protection plan for COVID-19 vaccines that could be a highlight in the next earnings report.\n2. Apple:There have been several rallies for technology stocks in the first half of 2021. Despite the rallies, shares of technology giant Apple Inc(NASDAQ:AAPL) traded flat in the first half of 2021.\nApple makes up the largest stock holding in the Berkshire Hathaway portfolio. The iPhone maker continues to be an innovator and should not be overlooked for more product launches and announcements in the second half of the year that could move shares of the stock higher.\n3. Bank of America: Bank of America Corporation(NYSE:BAC) is a large holding of Buffett's and one of several bank stocks that he has kept. Buffett has significantly lowered the company’s weighting in Wells Fargo Co(NYSE:WFC), a stock it once owned 10% of and started investing in dating back to 1989.\nBank of America could be Buffett's favored banking stock and it comes as the company reported record consumer investment assets and record client balances in thefirst quarter.\nRevenue for the first quarter of $22.8 billion was flat year-over-year but several areas saw strong demand and growth. The company announced it's raising its quarterly dividend from 18 cents to 21 cents in late June and could continue to raise dividends after passing a new bank stress test.\n4. Coca-Cola:One of Buffett's favorites is Coca-Cola Co (NYSE:KO). Shares of the beverage giant are down 1% in the first half of 2021 as many consumer food and beverage companies have seen positive returns. The company could be due to make a bigacquisitionlike that of Monster Beverage Corporation(NASDAQ:MNST) orpushing furtherinto alcoholic beverages.\n5. Verizon:Shares of Verizon Communications(NYSE:VZ) are down around 4% in the first half of 2021. The companyreportedtotal revenue of $32.9 billion in the first quarter, up 4% year-over-year. Several of the company’s core business segments saw single-digit growth.\nA shift to 5G nationwide could help a company like Verizon, which along with a near 5% dividend yield could make the communications giant a stock to watch in the second half of 2021.","news_type":1,"symbols_score_info":{"WFC":0.9,"BRK.B":0.9,"BRK.A":0.9,"KO":0.9,"AAPL":0.9,"BAC":0.9,"MNST":0.9,"AON":0.9}},"isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358881397,"gmtCreate":1616679761319,"gmtModify":1634524595761,"author":{"id":"3572995692195402","authorId":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572995692195402","idStr":"3572995692195402"},"themes":[],"htmlText":"I bought at 120.like my comment please. :)&nbsp;","listText":"I bought at 120.like my comment please. :)&nbsp;","text":"I bought at 120.like my comment please. :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/358881397","repostId":"1179353023","repostType":4,"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}