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edamame
2021-07-10
Go go go//
@三生三世之十里桃花
: Citi all the way!
抱歉,原内容已删除
edamame
2021-06-04
Up//
@孤舟立蓑翁
: [smile]
@胖虎哒哒:十年间转移120万枚比特币 美国逮捕比特币洗钱网站创始人
edamame
2021-06-04
Apple for the win [微笑]
Where Will Apple Stock Be In 10 Years? What To Consider
edamame
2021-05-30
Isn't community spread an issue still?? Safe to gather in big numbers [惊讶]
Memorial Day weekend box office could be first to top $100 million since the pandemic began
edamame
2021-05-20
EV EV all the way [龇牙]
Ford Set To Announce EV Battery Joint Venture With SK Innovation Thursday: Report
edamame
2021-05-08
Price it higher why doncha [白眼]
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go go//<a href=\"https://laohu8.com/U/4087274354722660\">@三生三世之十里桃花</a>: Citi all the way!","listText":"Go go go//<a href=\"https://laohu8.com/U/4087274354722660\">@三生三世之十里桃花</a>: Citi all the way!","text":"Go go go//@三生三世之十里桃花: Citi all the way!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/148313615","repostId":"1101087642","repostType":4,"isVote":1,"tweetType":1,"viewCount":678,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":116772608,"gmtCreate":1622821563204,"gmtModify":1634097629617,"author":{"id":"3581982441889617","authorId":"3581982441889617","name":"edamame","avatar":"https://static.tigerbbs.com/63449ce6bfbebf6849034560328a7d39","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Up//<a href=\"https://laohu8.com/U/10000000000010004\">@孤舟立蓑翁</a>: [smile]","listText":"Up//<a href=\"https://laohu8.com/U/10000000000010004\">@孤舟立蓑翁</a>: [smile]","text":"Up//@孤舟立蓑翁: [smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/116772608","repostId":"103178874","repostType":1,"repost":{"id":103178874,"gmtCreate":1619761365293,"gmtModify":1619820593429,"author":{"id":"3510558082622800","authorId":"3510558082622800","name":"胖虎哒哒","avatar":"https://static.tigerbbs.com/75b95d9326c02813b7b87ba8c1eccb5a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"十年间转移120万枚比特币 美国逮捕比特币洗钱网站创始人","htmlText":"美国司法部周四表示,已经逮捕了一名俄裔瑞典人,指控他经营一个长期从事加密货币洗钱的网站。<a href=\"https://laohu8.com/S/GBTC\">$比特币基金(GBTC)$</a> 根据美国司法部的一份新闻稿,这个名叫罗曼·斯特林戈夫(Roman Sterlingov)的嫌疑人经营着加密货币洗钱网站Bitcoin Fog,通过与其他资金混合来隐藏加密货币的来源。 据美国司法部披露,Bitcoin Fog因为为犯罪分子提供洗钱服务而臭名昭著。在过去10年里,该网站转移了逾120万枚比特币,按交易时的价格计算价值约3.35亿美元,若按当前价格计算价值超过644亿美元。 美国司法部称:“这些加密货币大部分来自暗网市场,跟非法麻醉品、计算机欺诈和滥用活动及身份盗窃有关。” 另外据美国国税局(IRS)称,通过Bitcoin Fog转移比特币最多的是Agora、Silk Road 2.0、Silk Road、Evolution和AlphaBay等暗网市场,它们主要走私非法毒品和其他非法商品。 IRS指出,从Bitcoin Fog的交易活动来看,斯特林戈夫在帮助客户“洗白”比特币中收取了高达800万美元的佣金。他被指控洗钱、无证经营转账业务及在华盛顿哥伦比亚特区无证转账。","listText":"美国司法部周四表示,已经逮捕了一名俄裔瑞典人,指控他经营一个长期从事加密货币洗钱的网站。<a href=\"https://laohu8.com/S/GBTC\">$比特币基金(GBTC)$</a> 根据美国司法部的一份新闻稿,这个名叫罗曼·斯特林戈夫(Roman Sterlingov)的嫌疑人经营着加密货币洗钱网站Bitcoin Fog,通过与其他资金混合来隐藏加密货币的来源。 据美国司法部披露,Bitcoin Fog因为为犯罪分子提供洗钱服务而臭名昭著。在过去10年里,该网站转移了逾120万枚比特币,按交易时的价格计算价值约3.35亿美元,若按当前价格计算价值超过644亿美元。 美国司法部称:“这些加密货币大部分来自暗网市场,跟非法麻醉品、计算机欺诈和滥用活动及身份盗窃有关。” 另外据美国国税局(IRS)称,通过Bitcoin Fog转移比特币最多的是Agora、Silk Road 2.0、Silk Road、Evolution和AlphaBay等暗网市场,它们主要走私非法毒品和其他非法商品。 IRS指出,从Bitcoin Fog的交易活动来看,斯特林戈夫在帮助客户“洗白”比特币中收取了高达800万美元的佣金。他被指控洗钱、无证经营转账业务及在华盛顿哥伦比亚特区无证转账。","text":"美国司法部周四表示,已经逮捕了一名俄裔瑞典人,指控他经营一个长期从事加密货币洗钱的网站。$比特币基金(GBTC)$ 根据美国司法部的一份新闻稿,这个名叫罗曼·斯特林戈夫(Roman Sterlingov)的嫌疑人经营着加密货币洗钱网站Bitcoin Fog,通过与其他资金混合来隐藏加密货币的来源。 据美国司法部披露,Bitcoin Fog因为为犯罪分子提供洗钱服务而臭名昭著。在过去10年里,该网站转移了逾120万枚比特币,按交易时的价格计算价值约3.35亿美元,若按当前价格计算价值超过644亿美元。 美国司法部称:“这些加密货币大部分来自暗网市场,跟非法麻醉品、计算机欺诈和滥用活动及身份盗窃有关。” 另外据美国国税局(IRS)称,通过Bitcoin Fog转移比特币最多的是Agora、Silk Road 2.0、Silk Road、Evolution和AlphaBay等暗网市场,它们主要走私非法毒品和其他非法商品。 IRS指出,从Bitcoin Fog的交易活动来看,斯特林戈夫在帮助客户“洗白”比特币中收取了高达800万美元的佣金。他被指控洗钱、无证经营转账业务及在华盛顿哥伦比亚特区无证转账。","images":[{"img":"https://static.tigerbbs.com/21034a72d7d13674c66b6d982097f8b8","width":"1184","height":"815"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103178874","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":116524188,"gmtCreate":1622813197244,"gmtModify":1634097771323,"author":{"id":"3581982441889617","authorId":"3581982441889617","name":"edamame","avatar":"https://static.tigerbbs.com/63449ce6bfbebf6849034560328a7d39","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Apple for the win [微笑] ","listText":"Apple for the win [微笑] ","text":"Apple for the win [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/116524188","repostId":"1122373606","repostType":4,"repost":{"id":"1122373606","pubTimestamp":1622793373,"share":"https://www.laohu8.com/m/news/1122373606?lang=&edition=full","pubTime":"2021-06-04 15:56","market":"us","language":"en","title":"Where Will Apple Stock Be In 10 Years? What To Consider","url":"https://stock-news.laohu8.com/highlight/detail?id=1122373606","media":"seekingalpha","summary":"Summary\n\nApple has been a great investment over the last decade, but the next decade may look quite ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Apple has been a great investment over the last decade, but the next decade may look quite different.</li>\n <li>Apple has seen its growth slow down over the last decade, and it will likely not be a growth monster in the coming years, either.</li>\n <li>Shares have ample long-term upside, but investors should consider the current valuation before jumping to decisions.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f2ea192ed76d9772c2c6a820098faf5\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Photo by Paopano/iStock Editorial via Getty Images</span></p>\n<p><b>Article Thesis</b></p>\n<p>Apple (AAPL) has been one of the best investments one could have made over the last decade. Over the next decade, its growth may not be the same, however. Yet, thanks to massive shareholder return programs and a move towards services, Apple's stock will likely still be significantly higher a decade from now - even though the current valuation is rather high.</p>\n<p><b>Apple Stock Price</b></p>\n<p>Over the last decade, Apple Inc. has been a great investment:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d29aa34bdbc5bab7d0730a4095954e6\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Shares have returned 900% in those ten years, before dividends, for a compounded annual return of approximately 26%, easily trouncing the returns of the broad market during that time frame. Importantly, shares have risen a lot more than the company's market capitalization, which grew by only 550% over the last decade. The difference can be explained by the company's large share repurchase programs, which have lowered the share count drastically over the last decade. The last decade, of course, was a highly successful period for Apple on a business basis, as the company benefited from the rise of smartphones while also having success with new products such as its Watch and tablets, which Apple more or less introduced as a new product category. Right now, shares trade for $125, up 57% over the last twelve months, but down 6% in 2021 to date. Following strong gains during 2020, shares seem to be in a consolidation pattern for now, which is not too much of a surprise, as Apple's valuation had expanded a lot in the recent past, and it seems that the company's business growth has to catch up to the recent share price increases now. The current consensus price target is $156, which implies an upside potential of 25%. Since there are no signs of shares leaving their current trading range right now, I personally do not think that Apple will breach $150 in the near term.</p>\n<p><b>Where Will Apple Stock Be In 10 Years</b></p>\n<p>Apple's stock price in 2031 is, of course, nothing that can be forecasted with any precision. As history has shown, again and again, it is not even possible to forecast share prices precisely over a much shorter period of time. It is, however, possible to craft scenarios to see where share prices could be in the future under certain conditions, to get a feel for what might be a reasonable expectation for the future.</p>\n<p>To craft one such scenario, we have to consider Apple's business growth, Apple's shareholder return program, and the valuation multiple that shares might trade at in the future.</p>\n<p><b>Apple's business growth</b></p>\n<p>Apple Inc. has seen years of stronger growth and years of weaker growth in the past. This mostly can be explained by factors such as new product introductions, e.g. Watch or iPad, and by the strength of the respective current iPhone models, which see varying demand depending on the year. Other factors, such as economic growth or trade issues, play a role as well.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5b8bd8ef6cdaa13850c1380e870554c\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Overall, revenues have grown by 154% over the last decade, but as we see in the above chart, revenue growth has been relatively uneven. During the early 2010s, Apple generated massive growth on the back of the iPhones \"road to victory\", whereas revenue growth declined to a much slower pace in the following years. There were even some years during which revenues declined on a year-over-year basis, such as 2016. The average annual revenue growth pace was 10% over the last decade, but when we factor in that this was lifted up by the very strong growth in 2011 and 2012, it may not be too reasonable to assume that Apple will grow by 10% a year in the future, too. Investors should also consider that maintaining a high growth rate becomes ever more difficult the larger a company gets. This does, however, not mean that Apple's revenue growth will slow down to zero.</p>\n<p>On the back of price increases for its products and the potential for market share gains in high-growth countries such as China, where more and more people will be able to buy Apple's higher-priced products, it seems reasonable to assume that Apple will generate at least some growth from its core businesses. Add in growth in the services segment - people use their phones more and more, which should lead to higher app spending - and consider the potential for new product launches (although I assume none will be as massive as the iPhone), and Apple should be able to grow its business at a solid pace. I personally assume that a 5%-7% revenue growth rate could be a realistic estimate for the coming years, although some readers will of course have different opinions.</p>\n<p><b>Apple's shareholder returns</b></p>\n<p>Apple has lowered its share count massively in the past, as shown above, and it is, I believe, reasonable to assume that the same will happen going forward. Over the last decade, Apple bought back 36% of its shares. If the same were to happen over the next decade, each remaining share's portion of the company's value would rise by 56%, or 4.6% annualized. Due to the fact that Apple's current valuation is significantly higher than its historic valuation, buybacks could be less impactful in the future, though. Apple has, for example, only reduced its share count by 2.6% over the last year.</p>\n<p>This is why I believe that the share count will not decline by another 36% over the coming decade. When we adjust that downward to 25%, this would result in a ~3% annual tailwind for Apple's growth when we look at per-share metrics, which are the deciding factor for Apple's share price growth. Combined with my 5%-7% business growth estimate, I thus assume that Apple will grow by 8%-10% on a per-share basis in the long term.</p>\n<p><b>Apple's future valuation</b></p>\n<p>AAPL has been valued in a very wide range in the past, seeing its shares trade for very low multiples at some points, whereas investors were willing to pay significantly more at other times:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/be5cb8bbc04ff0e0a13ee64f6f2bd90a\" tg-width=\"635\" tg-height=\"470\"><span>Data by YCharts</span></p>\n<p>Shares could, five years ago, be bought for a very low 10x net earnings, which naturally was a great time to enter or expand positions. In late 2020, however, shares were trading for as much as 40x the company's net earnings, which seems like a quite high valuation. Right now, AAPL trades at 28x trailing earnings, and at around 24x forward profits. In the above chart, we also see the median earnings multiples over the last 3, 5, 7, and 10 years. It is pretty clear that Apple's valuation has expanded over the years, which is why the median values are higher for the shorter \"lookback\" periods. I do not believe that AAPL will trade at the 15.5x net earnings that it has traded at, on average, over the last decade, as this seems like a rather low valuation for a quality company like Apple with a strong brand, massive scale, great margins, and a fortress balance sheet. On the other hand, I also don't believe that Apple will trade at a 24-28x earnings multiple forever - for a company that generates solid but unspectacular business growth in the mid-single-digits, that seems quite expensive. This is especially true when we consider that interest rates will likely be higher a decade from now, which should pressure valuations for all equities, all else equal. I thus believe that a valuation of around 20x net earnings could be a reasonable estimate for 2031, which would be more or less in line with the 3-year median earnings multiple.</p>\n<p><b>Is AAPL A Buy Or Sell Now</b></p>\n<p>Starting our calculation with an EPS estimate of $5.15 for 2021 and assuming that this will grow by 7%-10% a year through 2031, we reach an EPS range of $10.10 to $13.40. Putting a 20x earnings multiple on that leads to a target price of around $200-$270/share. At the midpoint of around $235, shares would thus see gains of around 90% from the current level, or around 6.5% annualized. That surely is not a bad return, and when we add in the dividend, we would get to an annualized return of roughly 7%. This is, on the other hand, also not an outrageously great return, I believe.</p>\n<p>AAPL has, I believe, significant upside potential over the next decade, but that should not be a large surprise - many companies will see significant growth over a time span this long. I personally am not too excited about a 7% expected long-term return. When we consider that shares do have considerable downside risk in the next 1-3 years if Apple's valuation declines, e.g. due to rising interest rates, it may be a better choice to stay on the sidelines for now. Long-term investors will likely not do badly when they buy shares at current levels, but they will likely also not do great. For now, I'd rate Apple a hold, and a potential buy if its valuation comes closer to the longer-term average. Those that are more optimistic about new product launches may disagree and favor buying here, but it could turn out that waiting for a better opportunity is the best choice here.</p>\n<p>Summing it up, I'd say shares do have significant upside potential over the next decade, but the upside potential is not large enough to make me buy shares at current, elevated, valuations.</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>Where Will Apple Stock Be In 10 Years? What To Consider</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nWhere Will Apple Stock Be In 10 Years? What To Consider\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 15:56 GMT+8 <a href=https://seekingalpha.com/article/4432703-apple-stock-in-10-years><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nApple has been a great investment over the last decade, but the next decade may look quite different.\nApple has seen its growth slow down over the last decade, and it will likely not be a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432703-apple-stock-in-10-years\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4432703-apple-stock-in-10-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122373606","content_text":"Summary\n\nApple has been a great investment over the last decade, but the next decade may look quite different.\nApple has seen its growth slow down over the last decade, and it will likely not be a growth monster in the coming years, either.\nShares have ample long-term upside, but investors should consider the current valuation before jumping to decisions.\n\nPhoto by Paopano/iStock Editorial via Getty Images\nArticle Thesis\nApple (AAPL) has been one of the best investments one could have made over the last decade. Over the next decade, its growth may not be the same, however. Yet, thanks to massive shareholder return programs and a move towards services, Apple's stock will likely still be significantly higher a decade from now - even though the current valuation is rather high.\nApple Stock Price\nOver the last decade, Apple Inc. has been a great investment:\nData by YCharts\nShares have returned 900% in those ten years, before dividends, for a compounded annual return of approximately 26%, easily trouncing the returns of the broad market during that time frame. Importantly, shares have risen a lot more than the company's market capitalization, which grew by only 550% over the last decade. The difference can be explained by the company's large share repurchase programs, which have lowered the share count drastically over the last decade. The last decade, of course, was a highly successful period for Apple on a business basis, as the company benefited from the rise of smartphones while also having success with new products such as its Watch and tablets, which Apple more or less introduced as a new product category. Right now, shares trade for $125, up 57% over the last twelve months, but down 6% in 2021 to date. Following strong gains during 2020, shares seem to be in a consolidation pattern for now, which is not too much of a surprise, as Apple's valuation had expanded a lot in the recent past, and it seems that the company's business growth has to catch up to the recent share price increases now. The current consensus price target is $156, which implies an upside potential of 25%. Since there are no signs of shares leaving their current trading range right now, I personally do not think that Apple will breach $150 in the near term.\nWhere Will Apple Stock Be In 10 Years\nApple's stock price in 2031 is, of course, nothing that can be forecasted with any precision. As history has shown, again and again, it is not even possible to forecast share prices precisely over a much shorter period of time. It is, however, possible to craft scenarios to see where share prices could be in the future under certain conditions, to get a feel for what might be a reasonable expectation for the future.\nTo craft one such scenario, we have to consider Apple's business growth, Apple's shareholder return program, and the valuation multiple that shares might trade at in the future.\nApple's business growth\nApple Inc. has seen years of stronger growth and years of weaker growth in the past. This mostly can be explained by factors such as new product introductions, e.g. Watch or iPad, and by the strength of the respective current iPhone models, which see varying demand depending on the year. Other factors, such as economic growth or trade issues, play a role as well.\nData by YCharts\nOverall, revenues have grown by 154% over the last decade, but as we see in the above chart, revenue growth has been relatively uneven. During the early 2010s, Apple generated massive growth on the back of the iPhones \"road to victory\", whereas revenue growth declined to a much slower pace in the following years. There were even some years during which revenues declined on a year-over-year basis, such as 2016. The average annual revenue growth pace was 10% over the last decade, but when we factor in that this was lifted up by the very strong growth in 2011 and 2012, it may not be too reasonable to assume that Apple will grow by 10% a year in the future, too. Investors should also consider that maintaining a high growth rate becomes ever more difficult the larger a company gets. This does, however, not mean that Apple's revenue growth will slow down to zero.\nOn the back of price increases for its products and the potential for market share gains in high-growth countries such as China, where more and more people will be able to buy Apple's higher-priced products, it seems reasonable to assume that Apple will generate at least some growth from its core businesses. Add in growth in the services segment - people use their phones more and more, which should lead to higher app spending - and consider the potential for new product launches (although I assume none will be as massive as the iPhone), and Apple should be able to grow its business at a solid pace. I personally assume that a 5%-7% revenue growth rate could be a realistic estimate for the coming years, although some readers will of course have different opinions.\nApple's shareholder returns\nApple has lowered its share count massively in the past, as shown above, and it is, I believe, reasonable to assume that the same will happen going forward. Over the last decade, Apple bought back 36% of its shares. If the same were to happen over the next decade, each remaining share's portion of the company's value would rise by 56%, or 4.6% annualized. Due to the fact that Apple's current valuation is significantly higher than its historic valuation, buybacks could be less impactful in the future, though. Apple has, for example, only reduced its share count by 2.6% over the last year.\nThis is why I believe that the share count will not decline by another 36% over the coming decade. When we adjust that downward to 25%, this would result in a ~3% annual tailwind for Apple's growth when we look at per-share metrics, which are the deciding factor for Apple's share price growth. Combined with my 5%-7% business growth estimate, I thus assume that Apple will grow by 8%-10% on a per-share basis in the long term.\nApple's future valuation\nAAPL has been valued in a very wide range in the past, seeing its shares trade for very low multiples at some points, whereas investors were willing to pay significantly more at other times:\nData by YCharts\nShares could, five years ago, be bought for a very low 10x net earnings, which naturally was a great time to enter or expand positions. In late 2020, however, shares were trading for as much as 40x the company's net earnings, which seems like a quite high valuation. Right now, AAPL trades at 28x trailing earnings, and at around 24x forward profits. In the above chart, we also see the median earnings multiples over the last 3, 5, 7, and 10 years. It is pretty clear that Apple's valuation has expanded over the years, which is why the median values are higher for the shorter \"lookback\" periods. I do not believe that AAPL will trade at the 15.5x net earnings that it has traded at, on average, over the last decade, as this seems like a rather low valuation for a quality company like Apple with a strong brand, massive scale, great margins, and a fortress balance sheet. On the other hand, I also don't believe that Apple will trade at a 24-28x earnings multiple forever - for a company that generates solid but unspectacular business growth in the mid-single-digits, that seems quite expensive. This is especially true when we consider that interest rates will likely be higher a decade from now, which should pressure valuations for all equities, all else equal. I thus believe that a valuation of around 20x net earnings could be a reasonable estimate for 2031, which would be more or less in line with the 3-year median earnings multiple.\nIs AAPL A Buy Or Sell Now\nStarting our calculation with an EPS estimate of $5.15 for 2021 and assuming that this will grow by 7%-10% a year through 2031, we reach an EPS range of $10.10 to $13.40. Putting a 20x earnings multiple on that leads to a target price of around $200-$270/share. At the midpoint of around $235, shares would thus see gains of around 90% from the current level, or around 6.5% annualized. That surely is not a bad return, and when we add in the dividend, we would get to an annualized return of roughly 7%. This is, on the other hand, also not an outrageously great return, I believe.\nAAPL has, I believe, significant upside potential over the next decade, but that should not be a large surprise - many companies will see significant growth over a time span this long. I personally am not too excited about a 7% expected long-term return. When we consider that shares do have considerable downside risk in the next 1-3 years if Apple's valuation declines, e.g. due to rising interest rates, it may be a better choice to stay on the sidelines for now. Long-term investors will likely not do badly when they buy shares at current levels, but they will likely also not do great. For now, I'd rate Apple a hold, and a potential buy if its valuation comes closer to the longer-term average. Those that are more optimistic about new product launches may disagree and favor buying here, but it could turn out that waiting for a better opportunity is the best choice here.\nSumming it up, I'd say shares do have significant upside potential over the next decade, but the upside potential is not large enough to make me buy shares at current, elevated, valuations.","news_type":1},"isVote":1,"tweetType":1,"viewCount":521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":137660731,"gmtCreate":1622343754323,"gmtModify":1634102186873,"author":{"id":"3581982441889617","authorId":"3581982441889617","name":"edamame","avatar":"https://static.tigerbbs.com/63449ce6bfbebf6849034560328a7d39","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Isn't community spread an issue still?? Safe to gather in big numbers [惊讶] ","listText":"Isn't community spread an issue still?? Safe to gather in big numbers [惊讶] ","text":"Isn't community spread an issue still?? Safe to gather in big numbers [惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/137660731","repostId":"1170854386","repostType":4,"repost":{"id":"1170854386","pubTimestamp":1622214357,"share":"https://www.laohu8.com/m/news/1170854386?lang=&edition=full","pubTime":"2021-05-28 23:05","market":"us","language":"en","title":"Memorial Day weekend box office could be first to top $100 million since the pandemic began","url":"https://stock-news.laohu8.com/highlight/detail?id=1170854386","media":"cnbc","summary":"This Memorial Day weekend could have the right combination of new movie releases, number of cinemas ","content":"<div>\n<p>This Memorial Day weekend could have the right combination of new movie releases, number of cinemas open and increased consumer confidence to break the $100 million mark at the box office.\nSince the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/28/memorial-day-box-office-could-be-first-to-top-100-million-during-pandemic.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Memorial Day weekend box office could be first to top $100 million since the pandemic began</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nMemorial Day weekend box office could be first to top $100 million since the pandemic began\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 23:05 GMT+8 <a href=https://www.cnbc.com/2021/05/28/memorial-day-box-office-could-be-first-to-top-100-million-during-pandemic.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This Memorial Day weekend could have the right combination of new movie releases, number of cinemas open and increased consumer confidence to break the $100 million mark at the box office.\nSince the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/28/memorial-day-box-office-could-be-first-to-top-100-million-during-pandemic.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/05/28/memorial-day-box-office-could-be-first-to-top-100-million-during-pandemic.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1170854386","content_text":"This Memorial Day weekend could have the right combination of new movie releases, number of cinemas open and increased consumer confidence to break the $100 million mark at the box office.\nSince the pandemic began, theaters have struggled to lure back moviegoers, even with enticing titles like \"Godzilla vs. Kong,\" \"Mortal Kombat\" and \"Wonder Woman 1984.\"\nThe weekend of April 23 is currently has the highest-grossing weekend box office tally since the pandemic locked down theaters last spring. Ticket sales reached $57 million, with only around 60% of movie theaters open, according to data from Comscore. The weekend's top earners were \"Demon Slayer: Mugen Train\" and \"Mortal Kombat.\"\nHeading into this Memorial Day weekend, more than 70% of theaters are open and Hollywood has two blockbuster releases: \"Cruella\" and \"A Quiet Place Part II.\"\nThe last time the box office topped $100 million over the weekend was March 6, 2020. In non-pandemic times, Memorial Day weekend has averaged around $200 million in ticket sales.\n\nMemorial Day weekend in 2020 shrunk to just $842,000 in ticket sales, driven almost entirely by drive-in movie theaters.\n\"What a difference a year makes as we now look toward what will be a pivotal Memorial weekend for movie theaters and, thankfully, the start of a true summer movie season, something the industry hasn't seen in two years,\" said Paul Dergarabedian, senior media analyst at Comscore.\nWhile \"Cruella\" will have a dual release in theaters and on Disney+ Premiere Access, \"A Quiet Place Part II\" will only be available in theaters. The sequel has beenwidely praised by criticsand been earmarked as a must-see film, especially in theaters. In reviews, critics touted how seeing the film in a theater heightened the experience because sounds — whether on the screen or in the seats nearby — made the thriller more suspenseful.\nWith more theaters open and the pent-up demand, Dergarabedian foresees a chance thatParamount's\"A Quiet Place Part II\" could usurp \"Godzilla vs. Kong\" for the highest opening weekend debut since the health crisis started. \"Godzilla vs. Kong\"opened with a $32 million haulduring the first weekend in April. At that time only 55% of theaters were open in North America.\nThe fate ofDisney's\"Cruella\" is a little less certain because it will be available in theaters and through Disney+ for $30 on the same day. Some consumers may venture out to the cinema to see the film, but others may choose to stay on the couch and stream. Plus, the film is gettingmixed reviews.\n\"The performance of the two new films will serve as a bellwether of consumer confidence and enthusiasm for the movie theater experience,\" said Dergarabedian. \"[They will] also help to bolster the perception of the movie theater experience as more viable and essential than ever before and not as some had erroneously predicted a pre-ordained casualty of the pandemic.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":814,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":130093635,"gmtCreate":1621492194927,"gmtModify":1634188686672,"author":{"id":"3581982441889617","authorId":"3581982441889617","name":"edamame","avatar":"https://static.tigerbbs.com/63449ce6bfbebf6849034560328a7d39","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"EV EV all the way [龇牙] ","listText":"EV EV all the way [龇牙] ","text":"EV EV all the way [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/130093635","repostId":"1123561407","repostType":4,"repost":{"id":"1123561407","pubTimestamp":1621490912,"share":"https://www.laohu8.com/m/news/1123561407?lang=&edition=full","pubTime":"2021-05-20 14:08","market":"us","language":"en","title":"Ford Set To Announce EV Battery Joint Venture With SK Innovation Thursday: Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1123561407","media":"benzinga","summary":"Ford Motor Co and South Korean battery maker SK Innovation are close to announcing a battery joint v","content":"<p><b>Ford Motor Co</b> and South Korean battery maker SK Innovation are close to announcing a battery joint venture in the United States to aid the maker of the F-150 Lightning truck boost its electric vehicle roll-out, Reuters reported Wednesday.</p><p><b>What Happened:</b>Speculation on the joint venture found more fire last month after SK Innovation agreed to pay rival LG Energy Solution $1.8 billion tosettleall legal disputesrelating to EV batteries in the U.S. and South Korea.</p><p>Ford and SK Innovation, a key supplier, will announce the details on Thursday, as per the Reuters report.</p><p>The development comes amid President Joe Biden calling for government aid for new battery production facilities as part of a $174 billion EV proposal during a visit to a Ford plant in Michigan on Tuesday.</p><p>SK Innovation is expected to complete the Georgia plant's construction later this year. Its second facility next door is expected to begin battery production in 2023.</p><p><b>Why It Matters:</b>Batteries are going to play a key differentiator role in the electric vehicle race. Automakers are relying on different strategies and partners to achieve similar goals — higher range and small packs at lower costs.</p><p><b>Tesla Inc</b> for instance currently makes batteries in partnership with Japan's Panasonic at its $5 billionNevadafactory. It also has South Korea's LG Chem and China's CATL as suppliers for its Shanghai factory and is now reportedly in talks with China’s EVE Energy Co for a battery tie-up.</p><p>Rival<b>General Motors Co</b> has a battery joint venture with LG Energy and is building plants in Ohio and Tennessee.</p><p><b>Price Action</b>: Shares of Ford closed 0.25% lower at $12.11 on Wednesday.</p>","source":"lsy1606299360108","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 Set To Announce EV Battery Joint Venture With SK Innovation Thursday: Report</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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 Set To Announce EV Battery Joint Venture With SK Innovation Thursday: Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 14:08 GMT+8 <a href=https://www.benzinga.com/news/21/05/21209479/ford-set-to-announce-ev-battery-joint-venture-with-sk-innovation-thursday-report><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ford Motor Co and South Korean battery maker SK Innovation are close to announcing a battery joint venture in the United States to aid the maker of the F-150 Lightning truck boost its electric vehicle...</p>\n\n<a href=\"https://www.benzinga.com/news/21/05/21209479/ford-set-to-announce-ev-battery-joint-venture-with-sk-innovation-thursday-report\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车"},"source_url":"https://www.benzinga.com/news/21/05/21209479/ford-set-to-announce-ev-battery-joint-venture-with-sk-innovation-thursday-report","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123561407","content_text":"Ford Motor Co and South Korean battery maker SK Innovation are close to announcing a battery joint venture in the United States to aid the maker of the F-150 Lightning truck boost its electric vehicle roll-out, Reuters reported Wednesday.What Happened:Speculation on the joint venture found more fire last month after SK Innovation agreed to pay rival LG Energy Solution $1.8 billion tosettleall legal disputesrelating to EV batteries in the U.S. and South Korea.Ford and SK Innovation, a key supplier, will announce the details on Thursday, as per the Reuters report.The development comes amid President Joe Biden calling for government aid for new battery production facilities as part of a $174 billion EV proposal during a visit to a Ford plant in Michigan on Tuesday.SK Innovation is expected to complete the Georgia plant's construction later this year. Its second facility next door is expected to begin battery production in 2023.Why It Matters:Batteries are going to play a key differentiator role in the electric vehicle race. Automakers are relying on different strategies and partners to achieve similar goals — higher range and small packs at lower costs.Tesla Inc for instance currently makes batteries in partnership with Japan's Panasonic at its $5 billionNevadafactory. It also has South Korea's LG Chem and China's CATL as suppliers for its Shanghai factory and is now reportedly in talks with China’s EVE Energy Co for a battery tie-up.RivalGeneral Motors Co has a battery joint venture with LG Energy and is building plants in Ohio and Tennessee.Price Action: Shares of Ford closed 0.25% lower at $12.11 on Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":557,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":107687777,"gmtCreate":1620481872599,"gmtModify":1634198473312,"author":{"id":"3581982441889617","authorId":"3581982441889617","name":"edamame","avatar":"https://static.tigerbbs.com/63449ce6bfbebf6849034560328a7d39","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Price it higher why doncha [白眼] ","listText":"Price it higher why doncha [白眼] ","text":"Price it higher why doncha [白眼]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/107687777","repostId":"1131099456","repostType":4,"isVote":1,"tweetType":1,"viewCount":753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":137660731,"gmtCreate":1622343754323,"gmtModify":1634102186873,"author":{"id":"3581982441889617","authorId":"3581982441889617","name":"edamame","avatar":"https://static.tigerbbs.com/63449ce6bfbebf6849034560328a7d39","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Isn't community spread an issue still?? Safe to gather in big numbers [惊讶] ","listText":"Isn't community spread an issue still?? Safe to gather in big numbers [惊讶] ","text":"Isn't community spread an issue still?? Safe to gather in big numbers [惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/137660731","repostId":"1170854386","repostType":4,"repost":{"id":"1170854386","pubTimestamp":1622214357,"share":"https://www.laohu8.com/m/news/1170854386?lang=&edition=full","pubTime":"2021-05-28 23:05","market":"us","language":"en","title":"Memorial Day weekend box office could be first to top $100 million since the pandemic began","url":"https://stock-news.laohu8.com/highlight/detail?id=1170854386","media":"cnbc","summary":"This Memorial Day weekend could have the right combination of new movie releases, number of cinemas ","content":"<div>\n<p>This Memorial Day weekend could have the right combination of new movie releases, number of cinemas open and increased consumer confidence to break the $100 million mark at the box office.\nSince the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/28/memorial-day-box-office-could-be-first-to-top-100-million-during-pandemic.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Memorial Day weekend box office could be first to top $100 million since the pandemic began</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; 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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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nMemorial Day weekend box office could be first to top $100 million since the pandemic began\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 23:05 GMT+8 <a href=https://www.cnbc.com/2021/05/28/memorial-day-box-office-could-be-first-to-top-100-million-during-pandemic.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This Memorial Day weekend could have the right combination of new movie releases, number of cinemas open and increased consumer confidence to break the $100 million mark at the box office.\nSince the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/28/memorial-day-box-office-could-be-first-to-top-100-million-during-pandemic.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/05/28/memorial-day-box-office-could-be-first-to-top-100-million-during-pandemic.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1170854386","content_text":"This Memorial Day weekend could have the right combination of new movie releases, number of cinemas open and increased consumer confidence to break the $100 million mark at the box office.\nSince the pandemic began, theaters have struggled to lure back moviegoers, even with enticing titles like \"Godzilla vs. Kong,\" \"Mortal Kombat\" and \"Wonder Woman 1984.\"\nThe weekend of April 23 is currently has the highest-grossing weekend box office tally since the pandemic locked down theaters last spring. Ticket sales reached $57 million, with only around 60% of movie theaters open, according to data from Comscore. The weekend's top earners were \"Demon Slayer: Mugen Train\" and \"Mortal Kombat.\"\nHeading into this Memorial Day weekend, more than 70% of theaters are open and Hollywood has two blockbuster releases: \"Cruella\" and \"A Quiet Place Part II.\"\nThe last time the box office topped $100 million over the weekend was March 6, 2020. In non-pandemic times, Memorial Day weekend has averaged around $200 million in ticket sales.\n\nMemorial Day weekend in 2020 shrunk to just $842,000 in ticket sales, driven almost entirely by drive-in movie theaters.\n\"What a difference a year makes as we now look toward what will be a pivotal Memorial weekend for movie theaters and, thankfully, the start of a true summer movie season, something the industry hasn't seen in two years,\" said Paul Dergarabedian, senior media analyst at Comscore.\nWhile \"Cruella\" will have a dual release in theaters and on Disney+ Premiere Access, \"A Quiet Place Part II\" will only be available in theaters. The sequel has beenwidely praised by criticsand been earmarked as a must-see film, especially in theaters. In reviews, critics touted how seeing the film in a theater heightened the experience because sounds — whether on the screen or in the seats nearby — made the thriller more suspenseful.\nWith more theaters open and the pent-up demand, Dergarabedian foresees a chance thatParamount's\"A Quiet Place Part II\" could usurp \"Godzilla vs. Kong\" for the highest opening weekend debut since the health crisis started. \"Godzilla vs. Kong\"opened with a $32 million haulduring the first weekend in April. At that time only 55% of theaters were open in North America.\nThe fate ofDisney's\"Cruella\" is a little less certain because it will be available in theaters and through Disney+ for $30 on the same day. Some consumers may venture out to the cinema to see the film, but others may choose to stay on the couch and stream. Plus, the film is gettingmixed reviews.\n\"The performance of the two new films will serve as a bellwether of consumer confidence and enthusiasm for the movie theater experience,\" said Dergarabedian. \"[They will] also help to bolster the perception of the movie theater experience as more viable and essential than ever before and not as some had erroneously predicted a pre-ordained casualty of the pandemic.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":814,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":130093635,"gmtCreate":1621492194927,"gmtModify":1634188686672,"author":{"id":"3581982441889617","authorId":"3581982441889617","name":"edamame","avatar":"https://static.tigerbbs.com/63449ce6bfbebf6849034560328a7d39","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"EV EV all the way [龇牙] ","listText":"EV EV all the way [龇牙] ","text":"EV EV all the way [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/130093635","repostId":"1123561407","repostType":4,"repost":{"id":"1123561407","pubTimestamp":1621490912,"share":"https://www.laohu8.com/m/news/1123561407?lang=&edition=full","pubTime":"2021-05-20 14:08","market":"us","language":"en","title":"Ford Set To Announce EV Battery Joint Venture With SK Innovation Thursday: Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1123561407","media":"benzinga","summary":"Ford Motor Co and South Korean battery maker SK Innovation are close to announcing a battery joint v","content":"<p><b>Ford Motor Co</b> and South Korean battery maker SK Innovation are close to announcing a battery joint venture in the United States to aid the maker of the F-150 Lightning truck boost its electric vehicle roll-out, Reuters reported Wednesday.</p><p><b>What Happened:</b>Speculation on the joint venture found more fire last month after SK Innovation agreed to pay rival LG Energy Solution $1.8 billion tosettleall legal disputesrelating to EV batteries in the U.S. and South Korea.</p><p>Ford and SK Innovation, a key supplier, will announce the details on Thursday, as per the Reuters report.</p><p>The development comes amid President Joe Biden calling for government aid for new battery production facilities as part of a $174 billion EV proposal during a visit to a Ford plant in Michigan on Tuesday.</p><p>SK Innovation is expected to complete the Georgia plant's construction later this year. Its second facility next door is expected to begin battery production in 2023.</p><p><b>Why It Matters:</b>Batteries are going to play a key differentiator role in the electric vehicle race. Automakers are relying on different strategies and partners to achieve similar goals — higher range and small packs at lower costs.</p><p><b>Tesla Inc</b> for instance currently makes batteries in partnership with Japan's Panasonic at its $5 billionNevadafactory. It also has South Korea's LG Chem and China's CATL as suppliers for its Shanghai factory and is now reportedly in talks with China’s EVE Energy Co for a battery tie-up.</p><p>Rival<b>General Motors Co</b> has a battery joint venture with LG Energy and is building plants in Ohio and Tennessee.</p><p><b>Price Action</b>: Shares of Ford closed 0.25% lower at $12.11 on Wednesday.</p>","source":"lsy1606299360108","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 Set To Announce EV Battery Joint Venture With SK Innovation Thursday: Report</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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 Set To Announce EV Battery Joint Venture With SK Innovation Thursday: Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 14:08 GMT+8 <a href=https://www.benzinga.com/news/21/05/21209479/ford-set-to-announce-ev-battery-joint-venture-with-sk-innovation-thursday-report><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ford Motor Co and South Korean battery maker SK Innovation are close to announcing a battery joint venture in the United States to aid the maker of the F-150 Lightning truck boost its electric vehicle...</p>\n\n<a href=\"https://www.benzinga.com/news/21/05/21209479/ford-set-to-announce-ev-battery-joint-venture-with-sk-innovation-thursday-report\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车"},"source_url":"https://www.benzinga.com/news/21/05/21209479/ford-set-to-announce-ev-battery-joint-venture-with-sk-innovation-thursday-report","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123561407","content_text":"Ford Motor Co and South Korean battery maker SK Innovation are close to announcing a battery joint venture in the United States to aid the maker of the F-150 Lightning truck boost its electric vehicle roll-out, Reuters reported Wednesday.What Happened:Speculation on the joint venture found more fire last month after SK Innovation agreed to pay rival LG Energy Solution $1.8 billion tosettleall legal disputesrelating to EV batteries in the U.S. and South Korea.Ford and SK Innovation, a key supplier, will announce the details on Thursday, as per the Reuters report.The development comes amid President Joe Biden calling for government aid for new battery production facilities as part of a $174 billion EV proposal during a visit to a Ford plant in Michigan on Tuesday.SK Innovation is expected to complete the Georgia plant's construction later this year. Its second facility next door is expected to begin battery production in 2023.Why It Matters:Batteries are going to play a key differentiator role in the electric vehicle race. Automakers are relying on different strategies and partners to achieve similar goals — higher range and small packs at lower costs.Tesla Inc for instance currently makes batteries in partnership with Japan's Panasonic at its $5 billionNevadafactory. It also has South Korea's LG Chem and China's CATL as suppliers for its Shanghai factory and is now reportedly in talks with China’s EVE Energy Co for a battery tie-up.RivalGeneral Motors Co has a battery joint venture with LG Energy and is building plants in Ohio and Tennessee.Price Action: Shares of Ford closed 0.25% lower at $12.11 on Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":557,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":107687777,"gmtCreate":1620481872599,"gmtModify":1634198473312,"author":{"id":"3581982441889617","authorId":"3581982441889617","name":"edamame","avatar":"https://static.tigerbbs.com/63449ce6bfbebf6849034560328a7d39","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Price it higher why doncha [白眼] ","listText":"Price it higher why doncha [白眼] ","text":"Price it higher why doncha [白眼]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/107687777","repostId":"1131099456","repostType":4,"isVote":1,"tweetType":1,"viewCount":753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":148313615,"gmtCreate":1625929290537,"gmtModify":1633931519574,"author":{"id":"3581982441889617","authorId":"3581982441889617","name":"edamame","avatar":"https://static.tigerbbs.com/63449ce6bfbebf6849034560328a7d39","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Go go go//<a href=\"https://laohu8.com/U/4087274354722660\">@三生三世之十里桃花</a>: Citi all the way!","listText":"Go go go//<a href=\"https://laohu8.com/U/4087274354722660\">@三生三世之十里桃花</a>: Citi all the way!","text":"Go go go//@三生三世之十里桃花: Citi all the way!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/148313615","repostId":"1101087642","repostType":4,"isVote":1,"tweetType":1,"viewCount":678,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":116772608,"gmtCreate":1622821563204,"gmtModify":1634097629617,"author":{"id":"3581982441889617","authorId":"3581982441889617","name":"edamame","avatar":"https://static.tigerbbs.com/63449ce6bfbebf6849034560328a7d39","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Up//<a href=\"https://laohu8.com/U/10000000000010004\">@孤舟立蓑翁</a>: [smile]","listText":"Up//<a href=\"https://laohu8.com/U/10000000000010004\">@孤舟立蓑翁</a>: [smile]","text":"Up//@孤舟立蓑翁: [smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/116772608","repostId":"103178874","repostType":1,"repost":{"id":103178874,"gmtCreate":1619761365293,"gmtModify":1619820593429,"author":{"id":"3510558082622800","authorId":"3510558082622800","name":"胖虎哒哒","avatar":"https://static.tigerbbs.com/75b95d9326c02813b7b87ba8c1eccb5a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"十年间转移120万枚比特币 美国逮捕比特币洗钱网站创始人","htmlText":"美国司法部周四表示,已经逮捕了一名俄裔瑞典人,指控他经营一个长期从事加密货币洗钱的网站。<a href=\"https://laohu8.com/S/GBTC\">$比特币基金(GBTC)$</a> 根据美国司法部的一份新闻稿,这个名叫罗曼·斯特林戈夫(Roman Sterlingov)的嫌疑人经营着加密货币洗钱网站Bitcoin Fog,通过与其他资金混合来隐藏加密货币的来源。 据美国司法部披露,Bitcoin Fog因为为犯罪分子提供洗钱服务而臭名昭著。在过去10年里,该网站转移了逾120万枚比特币,按交易时的价格计算价值约3.35亿美元,若按当前价格计算价值超过644亿美元。 美国司法部称:“这些加密货币大部分来自暗网市场,跟非法麻醉品、计算机欺诈和滥用活动及身份盗窃有关。” 另外据美国国税局(IRS)称,通过Bitcoin Fog转移比特币最多的是Agora、Silk Road 2.0、Silk Road、Evolution和AlphaBay等暗网市场,它们主要走私非法毒品和其他非法商品。 IRS指出,从Bitcoin Fog的交易活动来看,斯特林戈夫在帮助客户“洗白”比特币中收取了高达800万美元的佣金。他被指控洗钱、无证经营转账业务及在华盛顿哥伦比亚特区无证转账。","listText":"美国司法部周四表示,已经逮捕了一名俄裔瑞典人,指控他经营一个长期从事加密货币洗钱的网站。<a href=\"https://laohu8.com/S/GBTC\">$比特币基金(GBTC)$</a> 根据美国司法部的一份新闻稿,这个名叫罗曼·斯特林戈夫(Roman Sterlingov)的嫌疑人经营着加密货币洗钱网站Bitcoin Fog,通过与其他资金混合来隐藏加密货币的来源。 据美国司法部披露,Bitcoin Fog因为为犯罪分子提供洗钱服务而臭名昭著。在过去10年里,该网站转移了逾120万枚比特币,按交易时的价格计算价值约3.35亿美元,若按当前价格计算价值超过644亿美元。 美国司法部称:“这些加密货币大部分来自暗网市场,跟非法麻醉品、计算机欺诈和滥用活动及身份盗窃有关。” 另外据美国国税局(IRS)称,通过Bitcoin Fog转移比特币最多的是Agora、Silk Road 2.0、Silk Road、Evolution和AlphaBay等暗网市场,它们主要走私非法毒品和其他非法商品。 IRS指出,从Bitcoin Fog的交易活动来看,斯特林戈夫在帮助客户“洗白”比特币中收取了高达800万美元的佣金。他被指控洗钱、无证经营转账业务及在华盛顿哥伦比亚特区无证转账。","text":"美国司法部周四表示,已经逮捕了一名俄裔瑞典人,指控他经营一个长期从事加密货币洗钱的网站。$比特币基金(GBTC)$ 根据美国司法部的一份新闻稿,这个名叫罗曼·斯特林戈夫(Roman Sterlingov)的嫌疑人经营着加密货币洗钱网站Bitcoin Fog,通过与其他资金混合来隐藏加密货币的来源。 据美国司法部披露,Bitcoin Fog因为为犯罪分子提供洗钱服务而臭名昭著。在过去10年里,该网站转移了逾120万枚比特币,按交易时的价格计算价值约3.35亿美元,若按当前价格计算价值超过644亿美元。 美国司法部称:“这些加密货币大部分来自暗网市场,跟非法麻醉品、计算机欺诈和滥用活动及身份盗窃有关。” 另外据美国国税局(IRS)称,通过Bitcoin Fog转移比特币最多的是Agora、Silk Road 2.0、Silk Road、Evolution和AlphaBay等暗网市场,它们主要走私非法毒品和其他非法商品。 IRS指出,从Bitcoin Fog的交易活动来看,斯特林戈夫在帮助客户“洗白”比特币中收取了高达800万美元的佣金。他被指控洗钱、无证经营转账业务及在华盛顿哥伦比亚特区无证转账。","images":[{"img":"https://static.tigerbbs.com/21034a72d7d13674c66b6d982097f8b8","width":"1184","height":"815"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103178874","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":116524188,"gmtCreate":1622813197244,"gmtModify":1634097771323,"author":{"id":"3581982441889617","authorId":"3581982441889617","name":"edamame","avatar":"https://static.tigerbbs.com/63449ce6bfbebf6849034560328a7d39","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Apple for the win [微笑] ","listText":"Apple for the win [微笑] ","text":"Apple for the win [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/116524188","repostId":"1122373606","repostType":4,"repost":{"id":"1122373606","pubTimestamp":1622793373,"share":"https://www.laohu8.com/m/news/1122373606?lang=&edition=full","pubTime":"2021-06-04 15:56","market":"us","language":"en","title":"Where Will Apple Stock Be In 10 Years? What To Consider","url":"https://stock-news.laohu8.com/highlight/detail?id=1122373606","media":"seekingalpha","summary":"Summary\n\nApple has been a great investment over the last decade, but the next decade may look quite ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Apple has been a great investment over the last decade, but the next decade may look quite different.</li>\n <li>Apple has seen its growth slow down over the last decade, and it will likely not be a growth monster in the coming years, either.</li>\n <li>Shares have ample long-term upside, but investors should consider the current valuation before jumping to decisions.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f2ea192ed76d9772c2c6a820098faf5\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Photo by Paopano/iStock Editorial via Getty Images</span></p>\n<p><b>Article Thesis</b></p>\n<p>Apple (AAPL) has been one of the best investments one could have made over the last decade. Over the next decade, its growth may not be the same, however. Yet, thanks to massive shareholder return programs and a move towards services, Apple's stock will likely still be significantly higher a decade from now - even though the current valuation is rather high.</p>\n<p><b>Apple Stock Price</b></p>\n<p>Over the last decade, Apple Inc. has been a great investment:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d29aa34bdbc5bab7d0730a4095954e6\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Shares have returned 900% in those ten years, before dividends, for a compounded annual return of approximately 26%, easily trouncing the returns of the broad market during that time frame. Importantly, shares have risen a lot more than the company's market capitalization, which grew by only 550% over the last decade. The difference can be explained by the company's large share repurchase programs, which have lowered the share count drastically over the last decade. The last decade, of course, was a highly successful period for Apple on a business basis, as the company benefited from the rise of smartphones while also having success with new products such as its Watch and tablets, which Apple more or less introduced as a new product category. Right now, shares trade for $125, up 57% over the last twelve months, but down 6% in 2021 to date. Following strong gains during 2020, shares seem to be in a consolidation pattern for now, which is not too much of a surprise, as Apple's valuation had expanded a lot in the recent past, and it seems that the company's business growth has to catch up to the recent share price increases now. The current consensus price target is $156, which implies an upside potential of 25%. Since there are no signs of shares leaving their current trading range right now, I personally do not think that Apple will breach $150 in the near term.</p>\n<p><b>Where Will Apple Stock Be In 10 Years</b></p>\n<p>Apple's stock price in 2031 is, of course, nothing that can be forecasted with any precision. As history has shown, again and again, it is not even possible to forecast share prices precisely over a much shorter period of time. It is, however, possible to craft scenarios to see where share prices could be in the future under certain conditions, to get a feel for what might be a reasonable expectation for the future.</p>\n<p>To craft one such scenario, we have to consider Apple's business growth, Apple's shareholder return program, and the valuation multiple that shares might trade at in the future.</p>\n<p><b>Apple's business growth</b></p>\n<p>Apple Inc. has seen years of stronger growth and years of weaker growth in the past. This mostly can be explained by factors such as new product introductions, e.g. Watch or iPad, and by the strength of the respective current iPhone models, which see varying demand depending on the year. Other factors, such as economic growth or trade issues, play a role as well.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5b8bd8ef6cdaa13850c1380e870554c\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Overall, revenues have grown by 154% over the last decade, but as we see in the above chart, revenue growth has been relatively uneven. During the early 2010s, Apple generated massive growth on the back of the iPhones \"road to victory\", whereas revenue growth declined to a much slower pace in the following years. There were even some years during which revenues declined on a year-over-year basis, such as 2016. The average annual revenue growth pace was 10% over the last decade, but when we factor in that this was lifted up by the very strong growth in 2011 and 2012, it may not be too reasonable to assume that Apple will grow by 10% a year in the future, too. Investors should also consider that maintaining a high growth rate becomes ever more difficult the larger a company gets. This does, however, not mean that Apple's revenue growth will slow down to zero.</p>\n<p>On the back of price increases for its products and the potential for market share gains in high-growth countries such as China, where more and more people will be able to buy Apple's higher-priced products, it seems reasonable to assume that Apple will generate at least some growth from its core businesses. Add in growth in the services segment - people use their phones more and more, which should lead to higher app spending - and consider the potential for new product launches (although I assume none will be as massive as the iPhone), and Apple should be able to grow its business at a solid pace. I personally assume that a 5%-7% revenue growth rate could be a realistic estimate for the coming years, although some readers will of course have different opinions.</p>\n<p><b>Apple's shareholder returns</b></p>\n<p>Apple has lowered its share count massively in the past, as shown above, and it is, I believe, reasonable to assume that the same will happen going forward. Over the last decade, Apple bought back 36% of its shares. If the same were to happen over the next decade, each remaining share's portion of the company's value would rise by 56%, or 4.6% annualized. Due to the fact that Apple's current valuation is significantly higher than its historic valuation, buybacks could be less impactful in the future, though. Apple has, for example, only reduced its share count by 2.6% over the last year.</p>\n<p>This is why I believe that the share count will not decline by another 36% over the coming decade. When we adjust that downward to 25%, this would result in a ~3% annual tailwind for Apple's growth when we look at per-share metrics, which are the deciding factor for Apple's share price growth. Combined with my 5%-7% business growth estimate, I thus assume that Apple will grow by 8%-10% on a per-share basis in the long term.</p>\n<p><b>Apple's future valuation</b></p>\n<p>AAPL has been valued in a very wide range in the past, seeing its shares trade for very low multiples at some points, whereas investors were willing to pay significantly more at other times:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/be5cb8bbc04ff0e0a13ee64f6f2bd90a\" tg-width=\"635\" tg-height=\"470\"><span>Data by YCharts</span></p>\n<p>Shares could, five years ago, be bought for a very low 10x net earnings, which naturally was a great time to enter or expand positions. In late 2020, however, shares were trading for as much as 40x the company's net earnings, which seems like a quite high valuation. Right now, AAPL trades at 28x trailing earnings, and at around 24x forward profits. In the above chart, we also see the median earnings multiples over the last 3, 5, 7, and 10 years. It is pretty clear that Apple's valuation has expanded over the years, which is why the median values are higher for the shorter \"lookback\" periods. I do not believe that AAPL will trade at the 15.5x net earnings that it has traded at, on average, over the last decade, as this seems like a rather low valuation for a quality company like Apple with a strong brand, massive scale, great margins, and a fortress balance sheet. On the other hand, I also don't believe that Apple will trade at a 24-28x earnings multiple forever - for a company that generates solid but unspectacular business growth in the mid-single-digits, that seems quite expensive. This is especially true when we consider that interest rates will likely be higher a decade from now, which should pressure valuations for all equities, all else equal. I thus believe that a valuation of around 20x net earnings could be a reasonable estimate for 2031, which would be more or less in line with the 3-year median earnings multiple.</p>\n<p><b>Is AAPL A Buy Or Sell Now</b></p>\n<p>Starting our calculation with an EPS estimate of $5.15 for 2021 and assuming that this will grow by 7%-10% a year through 2031, we reach an EPS range of $10.10 to $13.40. Putting a 20x earnings multiple on that leads to a target price of around $200-$270/share. At the midpoint of around $235, shares would thus see gains of around 90% from the current level, or around 6.5% annualized. That surely is not a bad return, and when we add in the dividend, we would get to an annualized return of roughly 7%. This is, on the other hand, also not an outrageously great return, I believe.</p>\n<p>AAPL has, I believe, significant upside potential over the next decade, but that should not be a large surprise - many companies will see significant growth over a time span this long. I personally am not too excited about a 7% expected long-term return. When we consider that shares do have considerable downside risk in the next 1-3 years if Apple's valuation declines, e.g. due to rising interest rates, it may be a better choice to stay on the sidelines for now. Long-term investors will likely not do badly when they buy shares at current levels, but they will likely also not do great. For now, I'd rate Apple a hold, and a potential buy if its valuation comes closer to the longer-term average. Those that are more optimistic about new product launches may disagree and favor buying here, but it could turn out that waiting for a better opportunity is the best choice here.</p>\n<p>Summing it up, I'd say shares do have significant upside potential over the next decade, but the upside potential is not large enough to make me buy shares at current, elevated, valuations.</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>Where Will Apple Stock Be In 10 Years? 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What To Consider\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 15:56 GMT+8 <a href=https://seekingalpha.com/article/4432703-apple-stock-in-10-years><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nApple has been a great investment over the last decade, but the next decade may look quite different.\nApple has seen its growth slow down over the last decade, and it will likely not be a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432703-apple-stock-in-10-years\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4432703-apple-stock-in-10-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122373606","content_text":"Summary\n\nApple has been a great investment over the last decade, but the next decade may look quite different.\nApple has seen its growth slow down over the last decade, and it will likely not be a growth monster in the coming years, either.\nShares have ample long-term upside, but investors should consider the current valuation before jumping to decisions.\n\nPhoto by Paopano/iStock Editorial via Getty Images\nArticle Thesis\nApple (AAPL) has been one of the best investments one could have made over the last decade. Over the next decade, its growth may not be the same, however. Yet, thanks to massive shareholder return programs and a move towards services, Apple's stock will likely still be significantly higher a decade from now - even though the current valuation is rather high.\nApple Stock Price\nOver the last decade, Apple Inc. has been a great investment:\nData by YCharts\nShares have returned 900% in those ten years, before dividends, for a compounded annual return of approximately 26%, easily trouncing the returns of the broad market during that time frame. Importantly, shares have risen a lot more than the company's market capitalization, which grew by only 550% over the last decade. The difference can be explained by the company's large share repurchase programs, which have lowered the share count drastically over the last decade. The last decade, of course, was a highly successful period for Apple on a business basis, as the company benefited from the rise of smartphones while also having success with new products such as its Watch and tablets, which Apple more or less introduced as a new product category. Right now, shares trade for $125, up 57% over the last twelve months, but down 6% in 2021 to date. Following strong gains during 2020, shares seem to be in a consolidation pattern for now, which is not too much of a surprise, as Apple's valuation had expanded a lot in the recent past, and it seems that the company's business growth has to catch up to the recent share price increases now. The current consensus price target is $156, which implies an upside potential of 25%. Since there are no signs of shares leaving their current trading range right now, I personally do not think that Apple will breach $150 in the near term.\nWhere Will Apple Stock Be In 10 Years\nApple's stock price in 2031 is, of course, nothing that can be forecasted with any precision. As history has shown, again and again, it is not even possible to forecast share prices precisely over a much shorter period of time. It is, however, possible to craft scenarios to see where share prices could be in the future under certain conditions, to get a feel for what might be a reasonable expectation for the future.\nTo craft one such scenario, we have to consider Apple's business growth, Apple's shareholder return program, and the valuation multiple that shares might trade at in the future.\nApple's business growth\nApple Inc. has seen years of stronger growth and years of weaker growth in the past. This mostly can be explained by factors such as new product introductions, e.g. Watch or iPad, and by the strength of the respective current iPhone models, which see varying demand depending on the year. Other factors, such as economic growth or trade issues, play a role as well.\nData by YCharts\nOverall, revenues have grown by 154% over the last decade, but as we see in the above chart, revenue growth has been relatively uneven. During the early 2010s, Apple generated massive growth on the back of the iPhones \"road to victory\", whereas revenue growth declined to a much slower pace in the following years. There were even some years during which revenues declined on a year-over-year basis, such as 2016. The average annual revenue growth pace was 10% over the last decade, but when we factor in that this was lifted up by the very strong growth in 2011 and 2012, it may not be too reasonable to assume that Apple will grow by 10% a year in the future, too. Investors should also consider that maintaining a high growth rate becomes ever more difficult the larger a company gets. This does, however, not mean that Apple's revenue growth will slow down to zero.\nOn the back of price increases for its products and the potential for market share gains in high-growth countries such as China, where more and more people will be able to buy Apple's higher-priced products, it seems reasonable to assume that Apple will generate at least some growth from its core businesses. Add in growth in the services segment - people use their phones more and more, which should lead to higher app spending - and consider the potential for new product launches (although I assume none will be as massive as the iPhone), and Apple should be able to grow its business at a solid pace. I personally assume that a 5%-7% revenue growth rate could be a realistic estimate for the coming years, although some readers will of course have different opinions.\nApple's shareholder returns\nApple has lowered its share count massively in the past, as shown above, and it is, I believe, reasonable to assume that the same will happen going forward. Over the last decade, Apple bought back 36% of its shares. If the same were to happen over the next decade, each remaining share's portion of the company's value would rise by 56%, or 4.6% annualized. Due to the fact that Apple's current valuation is significantly higher than its historic valuation, buybacks could be less impactful in the future, though. Apple has, for example, only reduced its share count by 2.6% over the last year.\nThis is why I believe that the share count will not decline by another 36% over the coming decade. When we adjust that downward to 25%, this would result in a ~3% annual tailwind for Apple's growth when we look at per-share metrics, which are the deciding factor for Apple's share price growth. Combined with my 5%-7% business growth estimate, I thus assume that Apple will grow by 8%-10% on a per-share basis in the long term.\nApple's future valuation\nAAPL has been valued in a very wide range in the past, seeing its shares trade for very low multiples at some points, whereas investors were willing to pay significantly more at other times:\nData by YCharts\nShares could, five years ago, be bought for a very low 10x net earnings, which naturally was a great time to enter or expand positions. In late 2020, however, shares were trading for as much as 40x the company's net earnings, which seems like a quite high valuation. Right now, AAPL trades at 28x trailing earnings, and at around 24x forward profits. In the above chart, we also see the median earnings multiples over the last 3, 5, 7, and 10 years. It is pretty clear that Apple's valuation has expanded over the years, which is why the median values are higher for the shorter \"lookback\" periods. I do not believe that AAPL will trade at the 15.5x net earnings that it has traded at, on average, over the last decade, as this seems like a rather low valuation for a quality company like Apple with a strong brand, massive scale, great margins, and a fortress balance sheet. On the other hand, I also don't believe that Apple will trade at a 24-28x earnings multiple forever - for a company that generates solid but unspectacular business growth in the mid-single-digits, that seems quite expensive. This is especially true when we consider that interest rates will likely be higher a decade from now, which should pressure valuations for all equities, all else equal. I thus believe that a valuation of around 20x net earnings could be a reasonable estimate for 2031, which would be more or less in line with the 3-year median earnings multiple.\nIs AAPL A Buy Or Sell Now\nStarting our calculation with an EPS estimate of $5.15 for 2021 and assuming that this will grow by 7%-10% a year through 2031, we reach an EPS range of $10.10 to $13.40. Putting a 20x earnings multiple on that leads to a target price of around $200-$270/share. At the midpoint of around $235, shares would thus see gains of around 90% from the current level, or around 6.5% annualized. That surely is not a bad return, and when we add in the dividend, we would get to an annualized return of roughly 7%. This is, on the other hand, also not an outrageously great return, I believe.\nAAPL has, I believe, significant upside potential over the next decade, but that should not be a large surprise - many companies will see significant growth over a time span this long. I personally am not too excited about a 7% expected long-term return. When we consider that shares do have considerable downside risk in the next 1-3 years if Apple's valuation declines, e.g. due to rising interest rates, it may be a better choice to stay on the sidelines for now. Long-term investors will likely not do badly when they buy shares at current levels, but they will likely also not do great. For now, I'd rate Apple a hold, and a potential buy if its valuation comes closer to the longer-term average. Those that are more optimistic about new product launches may disagree and favor buying here, but it could turn out that waiting for a better opportunity is the best choice here.\nSumming it up, I'd say shares do have significant upside potential over the next decade, but the upside potential is not large enough to make me buy shares at current, elevated, valuations.","news_type":1},"isVote":1,"tweetType":1,"viewCount":521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}