關於 stanley stock ，我們在網路上蒐集到這些相關的討論、資訊與評價

🌻
Labor shortage的問題最近常出現在新聞裡, 而labor cost也讓企業頭疼. 前幾天Morgan Stanley有出一篇報告, 主要是說Amazon(AMZN)因為人力支出, 獲利會受壓, 短期內股價可能因此會一直盤整下去:

物流人力成本沉重！大摩砍亞馬遜目標價
https://news.cnyes.com/news/id/4730852

而剛好前兩天的新聞有提到, 透過電商購物的消費者增加, 而其實電商會比傳統的零售業, 需要更多的人力在物流中心, 來做商品的包裝, 運送等:

"Demand for distribution workers has skyrocketed as more consumers shop online, in part because picking, packing and shipping e-commerce orders is more labor-intensive than traditional warehouse operations that distribute wholesale goods or replenish store inventory."

Source: https://www.wsj.com/articles/logistics-operators-raise-pay-enlist-robots-to-meet-holiday-demand-11632657600

🌻每周做的功課與閱讀
https://makingsenseofusastocks.blogspot.com/2021/09/blog-post_29.html

🌻如何逢低買進(buy the dip)?
每個人buy the dip的方法不同. 這邊簡單說一下我要buy the dip的話, 會注意哪些事情.
1. 個股所在的類股的表現
2. 均線
3. 大盤
4. 財報發表了沒
5. 股價還有沒有上行的空間(估值高低的問題)

🌻有趣的美股小知識: Why You Should Pay Attention to the Way Management Talks

Nomura(野村)的策略家發現, 當CEO在電話會議中, 用簡單易懂的方式來說明公司業務的話, 公司的股價會比使用複雜語言的CEO的公司股價還高.

Mezrich found that simple really does matter. Using the Gunning Fog index, he ranked companies in the Russell 1000 into tenths, based on their earnings conference calls. Over the past three years, the companies with the simplest language have returned 19.2% annualized, beating the equal-weighted Russell 1000’s 15.7%. Those with the most complex language returned just 13.4%. The complex language portfolio was also more volatile than the simple language portfolio.

“Since senior management delivers an earnings call, simple language may produce more confidence among investors in management’s ability to deliver on their vision,” Mezrich explains. “Hence, simpler language earnings calls can lead to subsequent stock outperformance.”

Source:
https://www.barrons.com/articles/earnings-call-language-stocks-51632526564

Picture: 小鎮的秋景. 圖片來源: Facebook. 攝影者不明.

🌻這星期, 比較引起我注意的就是這幾個新聞了

☘️美國支付公司PayPal(PYPL)宣布，將以3000億日圓（27億美元）收購日本新創公司Paidy，以強化自家「先買後付」（BNPL）產品。

熟悉美股的讀者, 應該對BNPL不陌生了. PayPal這舉動, 其實也強化了跟Amazon的關係:
(from Morgan Stanley)
Provides potential for initial relationship with AMZN in Japan: We think the deal is most notable for giving PYPL its first entry into AMZN's large ecosystem, which PYPL has been trying to gain access to for some time. Paidy began providing BNPL services for AMZN in Japan in November 2019, and after the deal closes, PYPL should have a clear path to eventually sell some of its other core services to AMZN in Japan.

☘️lululemon(LULU)昨天(台灣周四凌晨)發表財報了, 股價跳漲10.47%.

Morgan Stanley:
We highlight margin expansion as particularly impressive against 1) higher eCommerce penetration, which has historically resulted in EBIT margin degradation for many other specialty retail peers, 2) the acquisition of MIRROR, which has not yet achieved profitability, & 3) already best-in-class historical operating margin levels. While some macro factors like lean industry-wide inventory levels may be partially supporting these results, in our view they point to a higher & more profitable growth trajectory for the business compared to the outlook pre-Covid. As such, though LULU’s P/E multiple sits at 46x, above the high end of its pre-Covid 18-41x range, we view current levels as merited against higher future growth & profitability. In our view, this may represent a more permanent valuation re-rating for LULU, & the stock likely continues to trade at elevated levels until results prove otherwise.

🌻Alphabet(GOOGL)今年的表現為什麼那麼亮眼?
今年最會漲的FAANG個股之一, 就是GOOGL了. 如果有在follow這家公司的讀者, 應該有發現他們的營收結構跟過去幾年很不一樣了(可以看下面的表格). YouTube以及Cloud業務成為新的營收成長動能.

Picture: 畫 from National Gallery of Art; 自製的GOOGL簡單營收分類表.

🌻Docusign(DOCU), Crowdstrike(CRWD)財報結果
上週這兩家公司發表財報了.

這兩天看了一下他們的財報結果. Again, 兩家的表現都很好, 但發現分析師給DOCU的調價(往上)幅度比較多, 就好奇研究了一下SaaS公司是怎麼被估值的. 有興趣的話可以看看(從中學習到很多. 非常推薦一讀):
https://makingsenseofusastocks.blogspot.com/2021/09/blog-post.html

(By the way, 分析師對CRWD的價格調幅沒那麼大, 主因是成長趨緩了. 而DOCU的free cash flow佔營收比, 以及顧客黏著力在這季創了新高, 是讓分析師按讚的幾個原因).

關於CRWD: "The Street is already modeling revenue growth deceleration in 2022 to 36%, down from 60% expected in 2021, which on its own might prove a hurdle for a stock already trading at a high multiple," said Bank of America analyst Tal Liani in a report.

分析師對於DOCU的評價:
• 11位buy; 給的價格分別是: $310, $320 (x2), $330 (x2), $340 (x2), $345, $350, $350, $389
• 給Buy的分析師的評語:
o Baird: The analyst continues to view them as a best in class way to play digital transformation trends with strong growth, cash flow and profitability, and a strong competitive position. Power said DocuSign remains one of his top long-term compounding growth ideas.
o Citi: While slightly shy of the double-digit billings beat in recent quarters, DocuSign still delivered a solid 8% beat to Q2 billings, which grew 47% year-over-year, Radke tells investors in a research note.
o Evercore ISI: he calls "another strong quarter." While some may have wanted to see more aggressive Q3 billings guidance, he believes estimates "continue to leave room for upside," Materne said.
o JMP Securities: While revenue growth decelerated to 50% from 58% in Q1, the company is the clear leader in electronic signature and the broader system of agreement having crossed over 1M customers with a $2B run rate this quarter, the analyst tells investors in a research note, adding that he sees lots of room for growth as DocuSign targets a $50B total addressable market.
o Needham: The analyst commented, "Docusign reported another strong quarter in 2QF22 with typical DOCU upside to revenue and profitability. Sales metrics and growth decelerated Q/Q, as we expected against a massive pandemic quarter, but at a much slower rate than we believe much of the Street was anticipating. 65k net new customers was lower than the 70k - 90 range of CY20 but was still more than 2x greater than any pre-pandemic quarter, highlighting a strong end-market driving 47% billings growth against a strong comp. Commentary on incremental Agreement Cloud demand was positive, suggesting an additional growth tailwind combined with solid international can further aid 2HF22. Although DOCU shares could be lower near-term due to weak 2H OpMg guidance, we think this guidance is conservative, as the recent OM was greater than the pre-pandemic level even with tough comps."
o RBC Capital: The quarter highlighted the sustainability of the company's tailwinds post-pandemic as most of its underlying metrics such as billings and net revenue retention were solid, the analyst tells investors in a research note, adding that the traction with CLM and Notary was also "impressive".

分析師對於CRWD的評價:
• 12位buy; 給的價格分別是: $300, $310 (x2), $313, $315 (x2) , $305, $320, $325, $330 (x2), $340
• 1位給hold: $280 (from $220 by J.P. Morgan(same))
• 給Buy的分析師的評語:
o Baird: The analyst believes the company has significant room for growth with core modules, opportunities with Humio and in cloud workload security, among others, should help drive a continuation of strong growth over a long time horizon.
o BTIG: The company's "strong" Q2 results "cleared every hurdle", even though the buy-side benchmarks may have been slightly higher, the analyst tells investors in a research note. Powell adds that Crowdstrike is clearly gaining share in its core endpoint security target market at a rapid pace and gaining traction with new products across multiple categories.
o Canaccord: The analyst said the stock is down from its recent highs, and he thinks the re-rating creates a more favorable entry point for longer-oriented investors for a foundational security name. He views Crowdstrike as a long-term secular winner in security due to its native cloud platform advantage versus closely held peers in endpoint security combined with platform expansion into tangential segments to capture greater share of security budgets.
o Goldman Sachs: CrowdStrike last night delivered "another beat and raise quarter as the company benefited from another quarter of elevated demand," Essex said. But it traded lower following net new annual recurring revenue growth guidance that was slightly less than investors had hoped for. Essex, nonetheless, said the quarter demonstrated CrowdStrike's "ability to continue to go down market efficiently."
o JMP Securities: The analyst notes the company's Q2 annualized recurring revenue of $1.34B topping his estimate of $1.30B, with "sustained" 70% ARR and revenue growth along with margin upside seen as key highlights for the quarter. Suppiger adds that the metrics reflect Crowdstrike's "strong execution and robust demand environment".
o Mizuho: "very good" fiscal Q2 results. The annual recurring revenue growth of 70% year-over-year "was strong and still nicely surpassed" the Street's 65%-66% estimate, Moskowitz tells investors in a research note. He believes "strong execution can propel" Crowdstrike's stock higher.
o Piper Sandler: The company's metrics "outperformed across the board" in Q2 with 70% annual recurring revenue and revenue growth and record net new customer adds in the quarter, Owens tells investors in a research note.
o RBC Capital: Hedberg adds that CrowdStrike's record pipeline entering Q3 should continue to fuel the company's "land-and-expand" momentum.
o Stifel: Q2 results that he said "exceeded consensus estimates across all major financial metrics." He continues to believe that Crowdstrike's growth opportunity "remains in the early days" despite the company's scale given continued share capture within its core endpoint security market and incremental module adoption on the Falcon Platform, Reback tells investors.
o UBS: the company reported "pretty good" Q2 results against high expectations.

🌻趨勢: 跨境電商 Cross-border commerce
Morgan Stanley:
From our perspective, we think many are underestimating what the cross-border eCommerce demand could ultimately be, once key friction points like FX rates, tax and duties, shipping, language, etc are smoothed—all issues that Global-E directly addresses.

Cross-border ecommerce brings new, high-yield volume: We think elevated levels of cross-border ecommerce (ex-travel) is a structural shift thathas yet to be fully contemplated in MA (and V)'s long-term forecasts. MA's cross-border CNP ex-travel volume was 69% above 2019's level in 2Q and 63% higher in 1Q. Strength reflects both broader ecommerce adoption plus globalization of commerce, as marketplaces and services that reduce cross-border friction (such as those from GLBE) make international online ordering more readily adopted. Early data at V suggests greater cross-border ecommerce spend is persisting even in areas with pre-pandemic levels of international travel. Cross-border transactions also come at a higher yield, making us more optimistic that the trend can bring incremental long-term growth to the networks.

產業的潮流是有連貫性的. 疫情讓電商更發達後, 接下來應該就是加速電商跨境了. 跨境的話, 有很多問題需要解決(稅率, 語言, etc.) 這就需要有公司來做整合的動作. 這種跨境, 也可以想像是omnichannel的一種呈現.

Harley Finkelstein (President of Shopify): "I mean I think commerce in 2021 is cross-border."

🌻SPAC熱潮退卻，初創市值蒸發750億美元
"SPAC熱潮已經退卻。分析顯示，在2月中旬以前完成合併的137家SPAC的總市值已經蒸發25%，市值回落幅度上個月一度超過1,000億美元。"

"像貝萊德(BlackRock Inc., BLK)和富達投資(Fidelity Investments Inc.)這類企業管理的基金，以及許多對沖基金、養老金管理公司和其他一些投資者，都在SPAC的回落中遭受了衝擊，他們在去年年底開始的熱潮中競相投資SPAC。其中許多基金由於在價格還很低的時候就早早入場，所以現在仍坐擁可觀收益。事實上，SPAC市值仍有約2,500億美元，高於一年前的約1,000億美元，反映出這期間股價上漲和新公司上市的影響。

但即便如此，今年年初令人炫目的回報還是讓許多後來者做了接盤俠，扎堆投資所謂穩賺不賠的領域，其永恆的風險可見一斑。在過去的幾個月裡，一些投資者眼睜睜看著帳面財富縮水。"

"股價下跌會在SPAC領域形成惡性循環，因為投資者有權在併購交易前從空白支票公司撤資。一旦SPAC跌破發行價，投資者就更有可能這樣做，而許多SPAC的股價現在正處於這樣的水平。目前，在尚未宣布併購交易的空白支票公司中，超過95%的公司股價低於發行價。

投資者的大規模撤資會讓已經上市的空白支票公司手上的現金大幅減少，讓其更難實現業務目標，並可能加劇股價跌勢。"

https://on.wsj.com/3n6JznC

🌻BNPL (buy now pay later)
But most BNPL providers including Affirm, Klarna and Afterpay have been losing money despite breakneck revenue growth as they invest heavily in marketing to win share. Sweden-based Klarna’s credit losses more than doubled in the second quarter. Affirm has projected adjusted operating losses of $50m-$55m for the fiscal year that ended June 30.

The path to profitability for many of these companies was to achieve massive scale, analysts said.

https://www.ft.com/content/ca201a37-a16d-4223-b123-04d38350a972

Pictures: 一葉知秋; from EarningsWhispers

Trip solo 24 jam di mana aku bermula dengan kayak fishing untuk mencari ikan untuk menu makan malam, membuat camp di tepi pantai , sedikit DIY teknik menyimpan ikan tanpa ais, membuat campfire dan mencuba alat Mokapot and French Press untuk membuat kopi di campsite.

Jom Follow/Like Social Media F.O.C :
Di Facebook: https://web.facebook.com/FCampM/
Di Intagram: https://www.instagram.com/frugal_outdoors_camping/?hl=en
Kedai Shopee F.O.C https://shopee.com.my/sham_foc?categoryId=130&itemId=3873836477
Untuk Business/Review/send me your product deal via email frugaloutdoorchannel@gmail.com

Gear baru untuk video ini (yang lama tengok ada kat bawah)
Insta360 One X2 https://shopee.com.my/-Ready-Stock-Insta360-ONE-X2-360%C2%B0-Sports-Action-5.7K-Video-Camera-(Official-Insta360-Warranty)-i.83535114.6259730859
Stanley Cook Set https://shopee.com.my/STANLEY%C2%AE-Adventure-Camp-Cook-Set-24oz-%E2%80%93-Stainless-Steel-Outdoor-Camping-Cooking-Set-With-Drinking-Cups-i.59457064.5647648207
Spork LightMyFire https://shopee.com.my/Light-My-Fire-Spork-Original-BIO-Rusty-Orange-Slaty-Black-(2-Packs)-i.59457064.6203139664
Lantern Fenix https://shopee.com.my/Fenix-CL20R-Camping-Lantern-300-Lumens-Fenix-Rechargeable-Lantern-i.59457064.1124900294
Meja Camping https://shopee.com.my/Camp-Leader-Low-Feet-Camping-Coffee-Table-Outdoor-Folable-Camping-Picnic-Table-i.59457064.9910846799

FAQ (soalan popular & jawapan)
1) Q: Tent yg FOC pakai sekarang
A: Naturehike Cloud Up 2 (https://shopee.com.my/Naturehike-Cloud-Up-2-Person-Tent-Free-Standing-Ultralight-Camping-Tent-i.129217730.2134224500)
2) Q: Flysheet yg FOC pakai sekarang
A: Hisea 3x3 meter (tak dijual lagi sekarang,company stop production)
3) Q: Guna kamera apa
A: Canon 200D (kit lens & canon 50mm + GoPro Hero 6 + Akaso Brave 7 LE)
4) Q: Guna motor apa
A: Bajaj/Modenas V15 (dah modi@custom,kos RM3200+) (DAH JUAL)
5) Q: Tak takut hantu ke
A: Ajaran Islam tak suruh takut hantu,percaya wujud je geng hehe
6) Q: Boleh join
A: Tak janji boleh (tak plan trip biasa last minit suka2 hati je on)
7) Q: Macam tengok arah Kiblat
A: Ada jual kompas Kiblat atau boleh guna aplikasi di HP
8) Q: Macam mana berak/kencing
A: Tempat xda toilet guna konsep korek&kambus,cuci guna air sungai/laut
9) Q: Nama alat nyalakan api gores-gores tu apa
A: Ferro Rod (https://shopee.com.my/Ferro-Rod-Fire-Starter-F.O.C-i.283444682.6744637782)
10) Q: Kasut boot yang digunakan
A: Altama Maritime Assault Mid Cut (https://www.facebook.com/Original-SWAT-Malaysia-192432156259)
11) Q: Seluar outdoor yang dipakai
A: Mahameru Survival Soul (Indonesia) xda jual kat Malaysia.
12) Q: Abg ni solat tak??
A: Kalau tak solat,tak ingat Tuhan kau ingat aku berani ke camping sorang2 tu hihi
13) Q: Harga kayak biru FOC
A: RM1000,model basic S.O.T kayak,seller MAG,boleh ke group ni kalau nk beli https://www.facebook.com/groups/2474750919427088/?ref=bookmarks

Sound Tracks
Clocks by Smith The Mister https://smiththemister.bandcamp.com​
Smith The Mister https://bit.ly/Smith-The-Mister-YT​
Free Download / Stream: https://bit.ly/al-clocks​
Music promoted by Audio Library https://youtu.be/6MT6-JzUw1w​
––––––––––––––––––––––––––––––
? Track Info:
Title: Clocks by Smith The Mister
Genre and Mood: Hip Hop & Rap + Calm
———
? Available on:
Spotify: https://spoti.fi/31m6oJa​
iTunes: https://apple.co/3g1iv2r​
Deezer: https://deezer.com/es/track/973711422​
YouTube: https://youtube.com/watch?v=DPXacP9_VwY​
Google Play: https://bit.ly/2YCu1LL​
Bandcamp: https://smiththemister.bandcamp.com/t...

Floating by Smith The Mister https://smiththemister.bandcamp.com​
Smith The Mister https://bit.ly/Smith-The-Mister-YT​
Free Download / Stream: https://bit.ly/floating-smith-the-mister​
Music promoted by Audio Library https://youtu.be/noTLm16pyRA​
––––––––––––––––––––––––––––––
? Track Info:
Title: Floating by Smith The Mister
Genre and Mood: Hip Hop & Rap + Calm
———
? Available on:
Spotify: https://open.spotify.com/track/5nsxiJ...​
iTunes: https://music.apple.com/us/album/floa...​
Deezer: https://deezer.com/us/album/121343372​
YouTube: https://youtube.com/watch?v=Jtk9ZmZ5Y-k​
Google Play: https://play.google.com/store/music/a...​
Bandcamp: https://smiththemister.bandcamp.com/t...​

#solocamping #kayakfishingcamping #campingmalaysia

時常聽到或被問到這個問題：美股是不是比較好投資？台灣是淺碟市場、充斥著炒作、坑殺散戶等等事件。散戶在投資台股真的比較不容易賺錢嗎？這集就來討論我們對美股投資的看法。

影片重點：
00:00 開場
00:32 台股是容易被操弄的淺碟市場？
02:23 台股多是代工廠，美股比較多選擇？
04:18 美股比較多可以長期持有的公司？
04:54 美國就是比較棒？
05:34 我們身邊朋友的實際經驗
06:57 Morgan Stanley 看好台灣
07:39 財報狗查詢美股功能已上線

📺 訂閱頻道看更多投資影片：https://www.youtube.com/channel/UCIBeH-s9UqWnWMUyqBGNqdA?sub_confirmation=1

財報狗美股
https://statementdog.com/us-stock

---

關於威宇：
Facebook：http://bit.ly/fb_wylin
Instagram：https://www.instagram.com/wylin.tw/
網誌：https://wylin.tw/
財報狗：http://bit.ly/yt_statementdog

關於阿堯：
Facebook：http://bit.ly/fb_yao
網誌：http://bit.ly/blogs_yao

水で走る車。まさにフリーエネルギーであり地球環境にも素晴らしい車だ。夢のようなテクノロジーだが、もちろんこのような者は支配者層によって消される。それを作った人間も消されるのだ。
☆ちょっとでも面白いなと思ったらチャンネル登録よろしく☆
http://youtube.com/subscription_center?add_user=umaduravideo
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☆ウマヅラ
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https://twitter.com/amuse_bacon
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※あくまで、都市伝説はフィクションであり、実際に起きてることとは異なり、また誹謗中傷を目的としてこの動画は制作されておりません。また使用している素材はすべて引用であり著作権を侵害する目的でこの動画を制作しておりません。
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素材の引用URL
https://www.gaia.com/article/the-mysterious-death-of-stanley-meyer-and-his-water-powered-car

BP Statistical Review of World Energy 2019 - Oil: Production, 2018

Adobe Stock
https://stock.adobe.com/jp/

Story Block Video
https://www.videoblocks.com/videos

Mystery keys
https://youtu.be/6svRdKFEwHQ

(Free) Dark Sad Piano Hip Hop Instrumental - Part Of Me
https://youtu.be/41Znld4vGCY

Music Atelier Amacha

http://amachamusic.chagasi.com/music_kurakunagaitunnel.html


DOVA-SYNDROME
https://dova-s.jp/bgm/download11429.html