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Celestrine
Celestrine
·
2021-08-09
Thanks
消费股的破灭，从一盘榨菜开始
狂跌50%市值，市占四成榨菜龙头为何不受资本市场青睐了。 2021年，投资涪陵榨菜的投资者，日子不太好过。 本年以来，大消费股失去了昔日的光环。昔日“价值投资之锚”“消费升级主流”的投资信仰也开始崩塌。 而本文的主角榨菜茅，从去年最高56元，超400亿市值，跌到当下不到30元，跌幅达50%。在这从天上到地下的境遇背后，是市场对涪陵榨菜未来悲观的成长预期，以及一份让人并不满意的二季度业绩答卷。
消费股的破灭，从一盘榨菜开始
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Celestrine
Celestrine
·
2021-08-06
Nice, thanks for sharing.
The S&P 500 looks strong — but these ‘internals’ are far less positive
The S&P 500 index continues to accelerate to the upside. A new all-time closing high was registered
The S&P 500 looks strong — but these ‘internals’ are far less positive
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Celestrine
Celestrine
·
2021-08-06
Thanks for sharing
Why automakers like Biden more than Obama
When President Obama ratcheted up fuel economy standards in 2012, some carmakers quietly dug in thei
Why automakers like Biden more than Obama
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Celestrine
Celestrine
·
2021-08-06
Pls like, thanks
Why automakers like Biden more than Obama
When President Obama ratcheted up fuel economy standards in 2012, some carmakers quietly dug in thei
Why automakers like Biden more than Obama
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Celestrine
Celestrine
·
2021-08-05
Please like thanks
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Celestrine
Celestrine
·
2021-08-04
Thanks for sharing, like please
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Celestrine
Celestrine
·
2021-08-03
Thanks for sharing
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Celestrine
Celestrine
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2021-08-03
Nice thanks for sharing
Google sets all-time records as search and YouTube profits soar
Google delivered turbocharged sales growth in the past quarter, underscoring its status as the world
Google sets all-time records as search and YouTube profits soar
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Celestrine
Celestrine
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2021-08-03
Thanks for sharing
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Celestrine
Celestrine
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2021-08-03
Like please, thanks
Google sets all-time records as search and YouTube profits soar
Google delivered turbocharged sales growth in the past quarter, underscoring its status as the world
Google sets all-time records as search and YouTube profits soar
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href=\"https://laohu8.com/S/DLX\">豪华</a>基金班”。相较于33.58元的定增价，当前已经产生了接近20%的浮亏。</span></p>\n<p> <span>股价腰斩，遭顶流基金经理张坤巨量减持，从资本宠儿到弃子，也就短短不超1年的时间。在这从天上到地下的境遇背后，是市场对涪陵榨菜未来悲观的成长预期，以及一份让人并不满意的二季度业绩答卷。</span></p>\n<p> <span>2021年中报业绩显示，涪陵榨菜半年营收13.47亿，同比增加12.46%；净利润3.76亿，同比下降6.97%。</span></p>\n<p> <span>其中二季度单季营收6.38亿，同比下降10.78%，净利润1.73亿，受广告费用大幅增加1.67个亿影响，同比下降27.57%。从增速看，二季度单季营收增速已创出近6年新低。</span></p>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/781/w550h231/20210809/e7b6-b3db9de455c5eaf73c00155684c84f77.webp\"/><span></span></div>\n<p> <span>在二季度大幅投放营销费用，行业传统旺季的加持下，公司差强人意的业绩表现反映了一个不争的事实：行业正在面临增长天花板的窘境。</span></p>\n<p> <span>从公司年度的营收净利润看虽然保持逐年增长状态，但从单季净利润看，自2018年二季度以来，单季净利润始终没有有效突破2亿元规模，增长瓶颈已经十分明显。</span></p>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/762/w550h212/20210809/e4c2-1ef6a41e704cfb54fc3c92f0629f0e7a.webp\"/><span></span></div>\n<p> <span>而在此情境下公司仍旧推出20万吨的巨量扩产定增，更让公司的前景扑朔迷离。如此“激进”的扩张行动，与以周斌全为核心的公司管理层对未来经营方略的把控不无关系。</span></p>\n<p> <span><span>01 “功勋掌门”周斌全</span></span></p>\n<p> <span>周斌全在涪陵榨菜中的地位举足轻重，对公司成长的贡献可谓巨大。将之比喻为马云之阿里，刘强东之<a href=\"https://laohu8.com/S/JD\">京东</a>都不为过，当前周斌全已连任三届公司董事长。</span></p>\n<p> <span>现在的涪陵榨菜在行业内的统治地位已众人皆知。但在上世纪末期，却深陷亏损泥潭，濒临破产。</span></p>\n<p> <span>1998年的涪陵榨菜，生产力水平低下，公司工厂大多是手工式作坊生产。到1999年底，榨菜集团负债1.75亿元，已资不抵债，如不及时调整，可能面临破产风险。</span></p>\n<p> <span>在公司发展的生死关头，迎来了公司发展历程中的重要人物，周斌全。当时周斌全接手的涪陵榨菜，完全可以用“烫手”一词来形容。对于周本人，执掌涪陵榨菜与创业也没有任何本质区别。</span></p>\n<p> <span>周斌全入主之后，经过一番大刀阔斧的改革，包括引进德国全自动包装生产线，做好全国化市场营销推广等。伴随着《还珠格格》大火，一句广告语“涪陵榨菜，我爷爷的爷爷都说好！”迅速打响榨菜知名度。</span></p>\n<p> <span>在周斌全的带领下，涪陵榨菜驶入发展快车道。从负债到营收超20亿，用了20年时间。这对于榨菜这样的一个小品类已实属不易。</span></p>\n<p> <span>从公司发展角度看，2021年显然是新起点，公司对未来发展也是十分乐观。</span></p>\n<p> <span>在公司2021年财务预算报告中显示，2021年预计实现营收29.54亿元，相比去年增加约30%；同时在今年6月的股东大会上，董事长周斌全更是自信地表示未来3到5年间营收要突破百亿。相比于2020年是近乎5倍的规模体量，未来五年需要年复合增速达35%左右才能达到。</span></p>\n<p> <span>很显然，周斌全的野心仍然存在。面对投资者质疑，董事长周斌全信心十足，表示“业绩天花板只是相对的概念，只要公司产品一直满足消费者需求，天花板就能突破”。</span></p>\n<p> <span>然而，理想很丰满，现实很骨感。半年报业绩不佳也说明了前进之路并非一帆风顺。</span></p>\n<p> <span><span>02 何以解忧，唯有涨价？</span></span></p>\n<p> <span>不得不承认，当下榨菜行业已经是经过充分竞争之后，已经处于成熟期。涪陵榨菜的快速发展，与涨价，提升市占率，控制营销费用，并购，以及袋装榨菜对散装的替代挤压都有关。</span></p>\n<p> <span>但在公司已经成长为行业绝对王者的今天，如今若再希望能重现之前的高增长，恐怕已十分困难。</span></p>\n<p> <span>涪陵榨菜的高成长与涨价密切相关。从12年产量的8.89万吨到去年15.76万吨，产量增幅为77.28%；但实际营收却从12年7.13亿增加到22.73亿元，增幅达219%。可见单价提升对营收增长的贡献。</span></p>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/772/w550h222/20210809/162e-02cb1bac208fec3e3abf36e029ae5b14.webp\"/><span></span></div>\n<p> <span>对于涨价，涪陵榨菜深谙此道。其涨价主要有直接涨价，缩减常规包装容量，以及推新扩大产品容量提价三种手法。相对于直接提价，消费者对于后两种提价方式并不敏感。</span></p>\n<p> <span>具体来看，自2008年以来，涪陵榨菜至少进行了10次的产品提价。主流产品如70g/80g的包装零售价从0.5元涨到了3元（京东官方零售价），而市场上同类产品的定价在1.5-2.6元左右。</span></p>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/756/w550h206/20210809/270e-e2f46d7e2b847d024bb8084de7e30e2c.webp\"/><span></span></div>\n<p> <span>在公司产品的涨价史中，2016-2020年提价最为频繁，对业绩贡献也最大。</span></p>\n<p> <span>18年10月份，公司对旗下核心产品提价约10%，目标直指3元大关。其中，80g装的鲜脆菜丝零售价提升至2.5元；80g装的清淡榨菜提价至2.7元。从当前京东零售价看，目前70g/80g主力产品价格已经提升至3元。</span></p>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/793/w550h243/20210809/d7e9-6da2d6d53fffd31764d502a9e3aac727.webp\"/><span></span></div>\n<p> <span>千万不要小看价格低廉的榨菜涨价，10年左右的涨幅可以用惊人来形容。在2008年以前，80g装的乌江榨菜终端零售价仅为0.5元，相较于当下3元零售价，涨幅达500%。</span></p>\n<p> <span>对比同时期的酒类之王茅台，2008年茅台指导零售价为800，按当前零售价3000一瓶计算，275%的涨幅远不及涪陵榨菜。</span></p>\n<p> <span>需要注意的是，不论是直接提价，还是通过继续缩小包装规格间接涨价，产品价格提升空间已越来越小。<span><a href=\"https://laohu8.com/S/601211\">国泰君安</a></span><span></span>研报显示，从去年三季度开始，公司全面完成对于收入占比约5成到6成的主力流通榨菜包装规格的缩减，即由80g缩减为70g，吨价相当于整体提升了7%。</span></p>\n<p> <span>规格缩减对于业绩影响是明显的。在去年二季度净利润仍以49.62%的速度高速增长，三季度增速则骤降至3.01%，可以说到现在缩规影响仍然存在。</span></p>\n<p> <span>虽然说提价对涪陵榨菜营收贡献巨大，但提价也不是万能利器。尽管一包榨菜的价格看似很低，但频繁提价迟早也会触及价格天花板。</span></p>\n<p> <span>当前价格已经来到3元关口，如果后续涨到3.5甚至4元，对于消费者能否承担得起，尤其是三四线或者更低线城市消费者，亦或者涨价后是否会有其它高性价比开胃菜来替代，这些都是管理层不得不面对的问题。</span></p>\n<p> <span>可以说，当前涪陵榨菜虽然有继续提价的可能，但空间已经非常小。因此未来增长只能寄希望在渠道下沉和并购上。</span></p>\n<p> <span><span>03 渠道下沉之惑</span></span></p>\n<p> <span>事实证明，公司并购战略并不能满足当初预想。对营收整体贡献有限。在并购之路遇挫后，公司坚定了继续做好榨菜核心品种的战略，进一步挖掘榨菜品类增长潜力，这其中重要手段就是深挖下沉市场。</span></p>\n<p> <span>扩展下沉市场和并购作为公司的两大战略，对于并购，相关项目进展并不顺利。相对市场对于行业增长顾虑，管理层的焦虑感更加强烈。</span></p>\n<p> <span>公司很早就将并购作为业绩增长的重要支柱。从2011年收购了贵州独山酸菜，试图进军泡菜市场，但由于并购标的连续亏损而选择注销。</span></p>\n<p> <span>在收购贵州独山失败后，之后的收购可以用“四次收购，三次失败”来形容。2015年全资收购惠通食品，但是后续泡菜的销售额遭遇增长瓶颈，营收始终没有显著突破。</span></p>\n<p> <span>16年计划收购国内某调味品企业、17年欲收购东北一家大酱企业，以及2018年尝试收购四川恒星和四川味之浓两家豆瓣酱企业均宣告失败。</span></p>\n<p> <span>在外延并购遇阻后，公司在今年7月初的投资者调研活动上表示，“当前主要任务是进一步发展榨菜品类”，且要到“榨菜形成规模、品牌、渠道、资源、经验和管理等优势时”再推动多品类战略。</span></p>\n<p> <span>说明经过一段时间的实践探索后，并购虽然是未来发展的一个重要方向，但已经不是当前的工作重点了。</span></p>\n<p> <span>而对于下沉战略的开发，也不是什么新鲜事儿。公司近年来的快速发展离不开下沉市场的贡献。</span></p>\n<p> <span>但据公开数据显示当前涪陵榨菜的收入主要还是来自省城市场，占比约为70%-80%，三四线城市的占比为20%至30%，具体到县里，占比可能更低。</span></p>\n<p> <span>对此公司副总经理袁国胜表示，“经销商的市场往往没有做透就到了天花板”。因此从去年开始着手进行营销战略调整，建立起以城市为基础的精准化营销管理模式，坚持“省市级市场做透，县级市场做深”。</span></p>\n<p> <span>随着下沉市场不断开阔，经销商数量也不断增加。2020年公司新增经销商数量858家，同比增长47.93%。</span></p>\n<p> <span>从年报上也可以看出，全国营销网络已经趋于完善。“公司销售网络覆盖了全国34个省市自治区，300个地市级市场，一千余个县级市场，公司的产品遍布大到大润发、<span><a href=\"https://laohu8.com/S/601933\">永辉超市</a></span><span></span>、<a href=\"https://laohu8.com/S/WMT\">沃尔玛</a>等全国知名连锁超市和各级农贸市场，小到城乡的便利店等零售终端。”</span></p>\n<p> <span>区域市县经销商快速增加无疑对2020年公司营收贡献巨大，但还是回到老问题，随着渠道蓄水池扩容，这是否意味着对未来业绩的透支，终端下沉市场是否及时能消化掉？这些都是不确定的问题。</span></p>\n<p> <span>公司极力开阔下沉市场本无可厚非，但下沉市场真的还有公司描述的那么大空间吗？现如今居民购物途径已十分便捷，不要说省级城市，就连县乡区域，诸如超市，街边零售百货店也十分容易见到。</span></p>\n<p> <span>而涪陵榨菜作为知名品牌，在相关货柜区域大概率还是会见到公司品牌的身影。</span></p>\n<p> <span>在当前业绩增长遇瓶颈的情况下，定增33亿，20万吨的产能扩建信心又从何而来？</span></p>\n<p> <span><span>04 龙头的豪赌局</span></span></p>\n<p> <span>在涪陵榨菜已经享有很高知名度，市占率很高的情况下，仍然不惜重金，花费1.67个亿用在品牌宣传上，包括新媒体、梯媒、央视等。</span></p>\n<p> <span>这里面有管理层更大的产业布局眼光，就是利用涪陵榨菜品牌和市场地位优势，逐渐形成消费者对整个腌制菜消费习惯的替代。</span></p>\n<p> <span>涪陵榨菜一系列举措已经显示了其很强的焦虑感。以往驱动涪陵榨菜成长的因素如市占率提升、袋装替代散装、并购等先都已放缓。</span></p>\n<p> <span>数据显示，2019公司的市占率已经高达36.4%，比第二名的鱼泉榨菜高出8.65%，行业地位可以用恐怖来形容，行业竞争格局也基本趋于稳定。虽然对比韩国袋装泡菜龙头46%市占率仍有提升空间，但空间已然有限。</span></p>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/32/w550h282/20210809/8cf3-fce0a33784dbae3066df0b68f63c30c6.webp\"/><span></span></div>\n<p> <span>同时受消费场景和消费者消费偏好的限制，整个榨菜行业增速也在放缓。传统消费场景主要为佐餐下饭、煲汤和炒菜、休闲零食等。图表数据显示，预计2020-2025年我国榨菜行业增速将保持在5%左右。</span></p>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/19/w550h269/20210809/bcc6-db04fb3bc4761ace4a598e621f90fbd1.webp\"/><span></span></div>\n<p> <span>如果不能开辟新的消费场景，扩展新的消费人群，那涪陵榨菜将面临行业增长受限，市占率提升放缓，同时发展也会遇到重大增长瓶颈。行业也不能用“内卷”来形容，将进入滞涨格局，如遇到宏观风险，还会面临市场空间大幅下降的风险。</span></p>\n<p> <span>所以，基于未来可持续发展考虑，继续深挖下沉市场，提高商场、零售店、农贸市场等终端货架占比，不断侵占除榨菜外其它品类市场空间，将成为公司未来经营战略的重要选择。</span></p>\n<p> <span>根据中国产业信息网数据，我国酱腌菜年产量约450万吨，2010-2018酱腌菜年收入复合增速6.7%，2018年市场规模超过550亿元。其中包括泡菜、榨菜、酱菜、新型蔬菜制品四大品类，占比分别为45%、22%、11%、22%。</span></p>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/1/w550h251/20210809/6eea-2f5b3e0826603fb5be168cb5959a3e9b.webp\"/><span></span></div>\n<p> <span>消费者开胃菜品类的选择有一个特点，就是泡菜、萝卜、酱菜等与榨菜都属于替代品，而非互补品。消费者在下饭时选择吃泡菜或者萝卜，就会少吃榨菜。所以酱腌菜的几大细分品类是绝对的“内卷式”竞争关系。</span></p>\n<p> <span>当前泡菜在酱腌菜中仍占据第一大品类位置，整个泡菜行业竞争格局却极度分散，龙头味香居市场份额仅为1.2%。消费者对于泡菜，远没有榨菜龙头的品牌认知这么强烈。</span></p>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/14/w550h264/20210809/1c34-62610d6b79ef74f2b0c3b3c86a2b9251.webp\"/><span></span></div>\n<p> <span>另外，定增扩产信心还来源于国内人均包装酱腌菜的消费增长潜力。与国外成熟市场相比，我国人均酱腌菜消费金额仍具有很大提升空间，即便相较于英国，随着收入水平提高，我国仍有近8倍的提升空间。</span></p>\n<div><img src=\"http://n.sinaimg.cn/finance/crawl/776/w550h226/20210809/c8ea-4fc5eaaacd4e4c670d8462b3578fdc33.webp\"/><span></span></div>\n<p> <span>涪陵榨菜以品牌优势抢占其他品类的市场份额思路并没有错，但改变消费者的消费习惯谈何容易。</span></p>\n<p> <span>不同地区消费者消费习惯相对固定，这需要公司在较长时间周期内做好消费者培育工作；同时还需要提高诸如惠通等泡菜品牌知名度，这对于公司来说可谓任重道远，绝非几年之功可以完成。 </span></p>\n<div>\n<span>牛市来了？如何快速上车，金牌投顾服务免费送>></span>\n<img src=\"\"/>\n</div>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读，尽在<a href=\"https://laohu8.com/S/SINA\">新浪</a>财经APP</div>\n</div>\n<p>责任编辑：陈悠然 </p>\n</div></body></html>","source":"sina","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>消费股的破灭，从一盘榨菜开始</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{ 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}\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\">\n消费股的破灭，从一盘榨菜开始\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 07:18 北京时间 <a href=https://finance.sina.com.cn/stock/s/2021-08-09/doc-ikqcfncc1734523.shtml><strong>阿尔法工场</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 许文涛\n 狂跌50%市值，市占四成榨菜龙头为何不受资本市场青睐了。\n 2021年，投资涪陵榨菜（002507.SZ）的投资者，日子不太好过。\n 本年以来，大消费股失去了昔日的光环。相比于去年的疯狂行情，酒茅、油茅等行业龙头纷纷杀跌。昔日“价值投资之锚”“消费升级主流”的投资信仰也开始崩塌。\n 而本文的主角榨菜茅，...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/s/2021-08-09/doc-ikqcfncc1734523.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/029b5d4f26e3d6000c366d22965cab6d","relate_stocks":{"002507":"涪陵榨菜"},"source_url":"https://finance.sina.com.cn/stock/s/2021-08-09/doc-ikqcfncc1734523.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2158153194","content_text":"炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 许文涛\n 狂跌50%市值，市占四成榨菜龙头为何不受资本市场青睐了。\n 2021年，投资涪陵榨菜（002507.SZ）的投资者，日子不太好过。\n 本年以来，大消费股失去了昔日的光环。相比于去年的疯狂行情，酒茅、油茅等行业龙头纷纷杀跌。昔日“价值投资之锚”“消费升级主流”的投资信仰也开始崩塌。\n 而本文的主角榨菜茅，从去年最高56元，超400亿市值，跌到当下不到30元，跌幅达50%。这让不少投资者损失惨重。\n 当然，这些投资者中自然也包括了景顺长城、上海景林、易方达、汇添富等20家参与5月份定增的“豪华基金班”。相较于33.58元的定增价，当前已经产生了接近20%的浮亏。\n 股价腰斩，遭顶流基金经理张坤巨量减持，从资本宠儿到弃子，也就短短不超1年的时间。在这从天上到地下的境遇背后，是市场对涪陵榨菜未来悲观的成长预期，以及一份让人并不满意的二季度业绩答卷。\n 2021年中报业绩显示，涪陵榨菜半年营收13.47亿，同比增加12.46%；净利润3.76亿，同比下降6.97%。\n 其中二季度单季营收6.38亿，同比下降10.78%，净利润1.73亿，受广告费用大幅增加1.67个亿影响，同比下降27.57%。从增速看，二季度单季营收增速已创出近6年新低。\n\n 在二季度大幅投放营销费用，行业传统旺季的加持下，公司差强人意的业绩表现反映了一个不争的事实：行业正在面临增长天花板的窘境。\n 从公司年度的营收净利润看虽然保持逐年增长状态，但从单季净利润看，自2018年二季度以来，单季净利润始终没有有效突破2亿元规模，增长瓶颈已经十分明显。\n\n 而在此情境下公司仍旧推出20万吨的巨量扩产定增，更让公司的前景扑朔迷离。如此“激进”的扩张行动，与以周斌全为核心的公司管理层对未来经营方略的把控不无关系。\n 01 “功勋掌门”周斌全\n 周斌全在涪陵榨菜中的地位举足轻重，对公司成长的贡献可谓巨大。将之比喻为马云之阿里，刘强东之京东都不为过，当前周斌全已连任三届公司董事长。\n 现在的涪陵榨菜在行业内的统治地位已众人皆知。但在上世纪末期，却深陷亏损泥潭，濒临破产。\n 1998年的涪陵榨菜，生产力水平低下，公司工厂大多是手工式作坊生产。到1999年底，榨菜集团负债1.75亿元，已资不抵债，如不及时调整，可能面临破产风险。\n 在公司发展的生死关头，迎来了公司发展历程中的重要人物，周斌全。当时周斌全接手的涪陵榨菜，完全可以用“烫手”一词来形容。对于周本人，执掌涪陵榨菜与创业也没有任何本质区别。\n 周斌全入主之后，经过一番大刀阔斧的改革，包括引进德国全自动包装生产线，做好全国化市场营销推广等。伴随着《还珠格格》大火，一句广告语“涪陵榨菜，我爷爷的爷爷都说好！”迅速打响榨菜知名度。\n 在周斌全的带领下，涪陵榨菜驶入发展快车道。从负债到营收超20亿，用了20年时间。这对于榨菜这样的一个小品类已实属不易。\n 从公司发展角度看，2021年显然是新起点，公司对未来发展也是十分乐观。\n 在公司2021年财务预算报告中显示，2021年预计实现营收29.54亿元，相比去年增加约30%；同时在今年6月的股东大会上，董事长周斌全更是自信地表示未来3到5年间营收要突破百亿。相比于2020年是近乎5倍的规模体量，未来五年需要年复合增速达35%左右才能达到。\n 很显然，周斌全的野心仍然存在。面对投资者质疑，董事长周斌全信心十足，表示“业绩天花板只是相对的概念，只要公司产品一直满足消费者需求，天花板就能突破”。\n 然而，理想很丰满，现实很骨感。半年报业绩不佳也说明了前进之路并非一帆风顺。\n 02 何以解忧，唯有涨价？\n 不得不承认，当下榨菜行业已经是经过充分竞争之后，已经处于成熟期。涪陵榨菜的快速发展，与涨价，提升市占率，控制营销费用，并购，以及袋装榨菜对散装的替代挤压都有关。\n 但在公司已经成长为行业绝对王者的今天，如今若再希望能重现之前的高增长，恐怕已十分困难。\n 涪陵榨菜的高成长与涨价密切相关。从12年产量的8.89万吨到去年15.76万吨，产量增幅为77.28%；但实际营收却从12年7.13亿增加到22.73亿元，增幅达219%。可见单价提升对营收增长的贡献。\n\n 对于涨价，涪陵榨菜深谙此道。其涨价主要有直接涨价，缩减常规包装容量，以及推新扩大产品容量提价三种手法。相对于直接提价，消费者对于后两种提价方式并不敏感。\n 具体来看，自2008年以来，涪陵榨菜至少进行了10次的产品提价。主流产品如70g/80g的包装零售价从0.5元涨到了3元（京东官方零售价），而市场上同类产品的定价在1.5-2.6元左右。\n\n 在公司产品的涨价史中，2016-2020年提价最为频繁，对业绩贡献也最大。\n 18年10月份，公司对旗下核心产品提价约10%，目标直指3元大关。其中，80g装的鲜脆菜丝零售价提升至2.5元；80g装的清淡榨菜提价至2.7元。从当前京东零售价看，目前70g/80g主力产品价格已经提升至3元。\n\n 千万不要小看价格低廉的榨菜涨价，10年左右的涨幅可以用惊人来形容。在2008年以前，80g装的乌江榨菜终端零售价仅为0.5元，相较于当下3元零售价，涨幅达500%。\n 对比同时期的酒类之王茅台，2008年茅台指导零售价为800，按当前零售价3000一瓶计算，275%的涨幅远不及涪陵榨菜。\n 需要注意的是，不论是直接提价，还是通过继续缩小包装规格间接涨价，产品价格提升空间已越来越小。国泰君安研报显示，从去年三季度开始，公司全面完成对于收入占比约5成到6成的主力流通榨菜包装规格的缩减，即由80g缩减为70g，吨价相当于整体提升了7%。\n 规格缩减对于业绩影响是明显的。在去年二季度净利润仍以49.62%的速度高速增长，三季度增速则骤降至3.01%，可以说到现在缩规影响仍然存在。\n 虽然说提价对涪陵榨菜营收贡献巨大，但提价也不是万能利器。尽管一包榨菜的价格看似很低，但频繁提价迟早也会触及价格天花板。\n 当前价格已经来到3元关口，如果后续涨到3.5甚至4元，对于消费者能否承担得起，尤其是三四线或者更低线城市消费者，亦或者涨价后是否会有其它高性价比开胃菜来替代，这些都是管理层不得不面对的问题。\n 可以说，当前涪陵榨菜虽然有继续提价的可能，但空间已经非常小。因此未来增长只能寄希望在渠道下沉和并购上。\n 03 渠道下沉之惑\n 事实证明，公司并购战略并不能满足当初预想。对营收整体贡献有限。在并购之路遇挫后，公司坚定了继续做好榨菜核心品种的战略，进一步挖掘榨菜品类增长潜力，这其中重要手段就是深挖下沉市场。\n 扩展下沉市场和并购作为公司的两大战略，对于并购，相关项目进展并不顺利。相对市场对于行业增长顾虑，管理层的焦虑感更加强烈。\n 公司很早就将并购作为业绩增长的重要支柱。从2011年收购了贵州独山酸菜，试图进军泡菜市场，但由于并购标的连续亏损而选择注销。\n 在收购贵州独山失败后，之后的收购可以用“四次收购，三次失败”来形容。2015年全资收购惠通食品，但是后续泡菜的销售额遭遇增长瓶颈，营收始终没有显著突破。\n 16年计划收购国内某调味品企业、17年欲收购东北一家大酱企业，以及2018年尝试收购四川恒星和四川味之浓两家豆瓣酱企业均宣告失败。\n 在外延并购遇阻后，公司在今年7月初的投资者调研活动上表示，“当前主要任务是进一步发展榨菜品类”，且要到“榨菜形成规模、品牌、渠道、资源、经验和管理等优势时”再推动多品类战略。\n 说明经过一段时间的实践探索后，并购虽然是未来发展的一个重要方向，但已经不是当前的工作重点了。\n 而对于下沉战略的开发，也不是什么新鲜事儿。公司近年来的快速发展离不开下沉市场的贡献。\n 但据公开数据显示当前涪陵榨菜的收入主要还是来自省城市场，占比约为70%-80%，三四线城市的占比为20%至30%，具体到县里，占比可能更低。\n 对此公司副总经理袁国胜表示，“经销商的市场往往没有做透就到了天花板”。因此从去年开始着手进行营销战略调整，建立起以城市为基础的精准化营销管理模式，坚持“省市级市场做透，县级市场做深”。\n 随着下沉市场不断开阔，经销商数量也不断增加。2020年公司新增经销商数量858家，同比增长47.93%。\n 从年报上也可以看出，全国营销网络已经趋于完善。“公司销售网络覆盖了全国34个省市自治区，300个地市级市场，一千余个县级市场，公司的产品遍布大到大润发、永辉超市、沃尔玛等全国知名连锁超市和各级农贸市场，小到城乡的便利店等零售终端。”\n 区域市县经销商快速增加无疑对2020年公司营收贡献巨大，但还是回到老问题，随着渠道蓄水池扩容，这是否意味着对未来业绩的透支，终端下沉市场是否及时能消化掉？这些都是不确定的问题。\n 公司极力开阔下沉市场本无可厚非，但下沉市场真的还有公司描述的那么大空间吗？现如今居民购物途径已十分便捷，不要说省级城市，就连县乡区域，诸如超市，街边零售百货店也十分容易见到。\n 而涪陵榨菜作为知名品牌，在相关货柜区域大概率还是会见到公司品牌的身影。\n 在当前业绩增长遇瓶颈的情况下，定增33亿，20万吨的产能扩建信心又从何而来？\n 04 龙头的豪赌局\n 在涪陵榨菜已经享有很高知名度，市占率很高的情况下，仍然不惜重金，花费1.67个亿用在品牌宣传上，包括新媒体、梯媒、央视等。\n 这里面有管理层更大的产业布局眼光，就是利用涪陵榨菜品牌和市场地位优势，逐渐形成消费者对整个腌制菜消费习惯的替代。\n 涪陵榨菜一系列举措已经显示了其很强的焦虑感。以往驱动涪陵榨菜成长的因素如市占率提升、袋装替代散装、并购等先都已放缓。\n 数据显示，2019公司的市占率已经高达36.4%，比第二名的鱼泉榨菜高出8.65%，行业地位可以用恐怖来形容，行业竞争格局也基本趋于稳定。虽然对比韩国袋装泡菜龙头46%市占率仍有提升空间，但空间已然有限。\n\n 同时受消费场景和消费者消费偏好的限制，整个榨菜行业增速也在放缓。传统消费场景主要为佐餐下饭、煲汤和炒菜、休闲零食等。图表数据显示，预计2020-2025年我国榨菜行业增速将保持在5%左右。\n\n 如果不能开辟新的消费场景，扩展新的消费人群，那涪陵榨菜将面临行业增长受限，市占率提升放缓，同时发展也会遇到重大增长瓶颈。行业也不能用“内卷”来形容，将进入滞涨格局，如遇到宏观风险，还会面临市场空间大幅下降的风险。\n 所以，基于未来可持续发展考虑，继续深挖下沉市场，提高商场、零售店、农贸市场等终端货架占比，不断侵占除榨菜外其它品类市场空间，将成为公司未来经营战略的重要选择。\n 根据中国产业信息网数据，我国酱腌菜年产量约450万吨，2010-2018酱腌菜年收入复合增速6.7%，2018年市场规模超过550亿元。其中包括泡菜、榨菜、酱菜、新型蔬菜制品四大品类，占比分别为45%、22%、11%、22%。\n\n 消费者开胃菜品类的选择有一个特点，就是泡菜、萝卜、酱菜等与榨菜都属于替代品，而非互补品。消费者在下饭时选择吃泡菜或者萝卜，就会少吃榨菜。所以酱腌菜的几大细分品类是绝对的“内卷式”竞争关系。\n 当前泡菜在酱腌菜中仍占据第一大品类位置，整个泡菜行业竞争格局却极度分散，龙头味香居市场份额仅为1.2%。消费者对于泡菜，远没有榨菜龙头的品牌认知这么强烈。\n\n 另外，定增扩产信心还来源于国内人均包装酱腌菜的消费增长潜力。与国外成熟市场相比，我国人均酱腌菜消费金额仍具有很大提升空间，即便相较于英国，随着收入水平提高，我国仍有近8倍的提升空间。\n\n 涪陵榨菜以品牌优势抢占其他品类的市场份额思路并没有错，但改变消费者的消费习惯谈何容易。\n 不同地区消费者消费习惯相对固定，这需要公司在较长时间周期内做好消费者培育工作；同时还需要提高诸如惠通等泡菜品牌知名度，这对于公司来说可谓任重道远，绝非几年之功可以完成。 \n\n牛市来了？如何快速上车，金牌投顾服务免费送>>\n\n\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：陈悠然","news_type":1,"symbols_score_info":{"002507":0.9}},"isVote":1,"tweetType":1,"viewCount":1779,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893026285,"gmtCreate":1628222749647,"gmtModify":1703503471507,"author":{"id":"4090741691035180","authorId":"4090741691035180","name":"Celestrine","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090741691035180","idStr":"4090741691035180"},"themes":[],"htmlText":"Nice, thanks for sharing.","listText":"Nice, thanks for sharing.","text":"Nice, thanks for sharing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/893026285","repostId":"1199377263","repostType":4,"repost":{"id":"1199377263","kind":"news","pubTimestamp":1628222564,"share":"https://ttm.financial/m/news/1199377263?lang=&edition=fundamental","pubTime":"2021-08-06 12:02","market":"us","language":"en","title":"The S&P 500 looks strong — but these ‘internals’ are far less positive","url":"https://stock-news.laohu8.com/highlight/detail?id=1199377263","media":"MarketWatch","summary":"The S&P 500 index continues to accelerate to the upside. A new all-time closing high was registered ","content":"<p>The S&P 500 index continues to accelerate to the upside. A new all-time closing high was registered on Tuesday. Yet, the “internals” of the market remain in a far worse state. This has been the case for some time (since June 11, at least), and it may continue to be the case for a while longer.</p>\n<p>But as long as the S&P chart is positive and above support, a “core” long position is recommended.</p>\n<p>The first support level is now roughly 4370. That was the low on the two most recent days on which SPX sold off and then rebounded – July 27 and Tuesday (yes, the same day that SPX bounced back from that level and then closed at a new all-time high). Since it has been doubly tested, that makes it a viable support level. There is resistance at 4430, the all-time intraday high.</p>\n<p>You can see from the accompanying chart that SPX has been in a rather right trading since July 23 – between 4370 and 4430.</p>\n<p>A breakout from that range will be significant. If it were to break to the downside, that would be a negative for the SPX chart. Below there, a major support area exists at 4233, and it would likely be tested quickly after a break below 4370.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8fde9899a8fd1227a022dfe59858d4c5\" tg-width=\"699\" tg-height=\"523\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p>\n<p>So the SPX chart is still positive, but there is a McMillan Volatility Band (MVB) sell signal in place (green “S” on chart).</p>\n<p>Now let’s look at some of the indicators that encompass a larger number of stocks. You will see that they are far less positive. First are the equity-only put-call ratios. These have been rising for a month, meaning they have been on sell signals during that time. Put volume has been heavy, relative to call volume, and that is what is causing these ratios to rise. It looks like there is a slight “wiggle” in the standard ratio’s chart, but the computer analysis programs say that is not significant.</p>\n<p>The larger picture here is that as many stocks have been declining, option traders have been buying puts on those stocks, forcing these equity-only put-call ratios higher. As long as the ratios are rising, they will remain on sell signals.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87099f2be31d9ce51b1b0c4708a9f046\" tg-width=\"699\" tg-height=\"535\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f08da61f702fd9abb483cd1d8f5b4ba\" tg-width=\"700\" tg-height=\"523\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p>\n<p>Market breadth (advances minus declines) has been woeful since mid-June. That is, most stocks are going down, even though SPX is going up. In fact, what is driving this market is a handful of large-cap NASDAQ stocks (the FAANG stocks plus Microsoft are the strongest stocks).</p>\n<p>Things have improved a little in the last couple of weeks, and so our breadth oscillators are on buy signals, but they are still in negative territory. Normally when SPX is making new all-time highs, the breadth oscillators are will into positive territory, reflecting a strong overall market. But that is not the case now.</p>\n<p>Moreover, cumulative breadth (the running total of daily advances minus declines) has not made a new all-time high since June 11. SPX has made a new closing or intraday high on 19 separate trading days since then. That is a huge, negative market divergence, but it alone is not a sell signal. Rather, it is a strong warning to be alert – to avoid complacency.</p>\n<p>New 52-week highs on the NYSE continue to lead new 52-week lows. Recently, there have been some isolated days where new lows exceeded new highs using NASDAQ or “stocks only” data, but not when using NYSE data. That means this indicator remains bullish for stocks. It would turn negative if NYSE new lows exceeded new highs and were sufficiently large, but that has not happened.</p>\n<p>There is a realized volatility sell signal in place, as well. That occurred when the S&P’s 20-day historical volatility first fell below 8% (in mid-June) and then later rose above 11% (in late July).</p>\n<p>Implied volatility, on the other hand, remains in a bullish state, as far the stock market is concerned. The VIX “spike peak” buy signal of July 20 remains in place. Moreover, the VIX 200-day moving average is still declining and is well above the price of VIX.There has been a slow “creep” upward by VIX, from 15 to 19 over the last month, but that doesn’t appear to be a significant change of trend.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3501a851250cf90d4f08e0152a5d9a9\" tg-width=\"700\" tg-height=\"524\" width=\"100%\" height=\"auto\"><span>LAWRENCE MCMILLAN</span></p>\n<p>Finally, the construct of volatility derivatives remains positive for the stock market. The VIX futures are trading at a premium to VIX, and the term structures of those VIX futures and the CBOE Volatility Indices slope upward.</p>\n<p>The SPX chart is still positive. That is the most important fact. Until that changes, a long “core” position is recommended. Around that, one can trade confirmed signals – both buy and sell. A violation of the 4370 area by SPX would change things for the negative, but a breakout to new all-time highs above 4430 would reinforce the bullish case.</p>\n<p><b>New recommendation: Conditional SPX sell signal</b></p>\n<p>Based on the above article, we are going to lay out some parameters regarding taking a bearish position should SPX support be broken:</p>\n<p><b>IF SPX trades below 4370 and stays there for an hour,</b></p>\n<p><b>THEN buy 1 SPY Aug (27th) at-the-money put</b></p>\n<p><b> And sell 1 SPY Aug (27th) put with a striking price 25 points lower.</b></p>\n<p>In addition,</p>\n<p><b>IF SPX closes below 4370,</b></p>\n<p><b>THEN buy another bear spread:</b></p>\n<p><b> Buy 1 (more) SPY Aug (27th) at-the-money put</b></p>\n<p><b> And sell 1 (more) SPY Aug (27th) put with a striking price 25 points lower.</b></p>\n<p>Note that it is possible that the second condition (close below 4370) could occur without the first condition being satisfied (if SPX breaks below 4370 late in a trading day). If that is the case, then buy 2 of these spreads on the close.</p>\n<p>Finally, if these spreads are established, stop yourself out of all of these bear spreads on an SPX close above 4430.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 looks strong — but these ‘internals’ are far less positive</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\">\nThe S&P 500 looks strong — but these ‘internals’ are far less positive\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 12:02 GMT+8 <a href=https://www.marketwatch.com/story/the-s-p-500-looks-strong-but-these-internals-are-far-less-positive-01628176855?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 index continues to accelerate to the upside. A new all-time closing high was registered on Tuesday. Yet, the “internals” of the market remain in a far worse state. This has been the case ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-s-p-500-looks-strong-but-these-internals-are-far-less-positive-01628176855?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/the-s-p-500-looks-strong-but-these-internals-are-far-less-positive-01628176855?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199377263","content_text":"The S&P 500 index continues to accelerate to the upside. A new all-time closing high was registered on Tuesday. Yet, the “internals” of the market remain in a far worse state. This has been the case for some time (since June 11, at least), and it may continue to be the case for a while longer.\nBut as long as the S&P chart is positive and above support, a “core” long position is recommended.\nThe first support level is now roughly 4370. That was the low on the two most recent days on which SPX sold off and then rebounded – July 27 and Tuesday (yes, the same day that SPX bounced back from that level and then closed at a new all-time high). Since it has been doubly tested, that makes it a viable support level. There is resistance at 4430, the all-time intraday high.\nYou can see from the accompanying chart that SPX has been in a rather right trading since July 23 – between 4370 and 4430.\nA breakout from that range will be significant. If it were to break to the downside, that would be a negative for the SPX chart. Below there, a major support area exists at 4233, and it would likely be tested quickly after a break below 4370.\nLAWRENCE MCMILLAN\nSo the SPX chart is still positive, but there is a McMillan Volatility Band (MVB) sell signal in place (green “S” on chart).\nNow let’s look at some of the indicators that encompass a larger number of stocks. You will see that they are far less positive. First are the equity-only put-call ratios. These have been rising for a month, meaning they have been on sell signals during that time. Put volume has been heavy, relative to call volume, and that is what is causing these ratios to rise. It looks like there is a slight “wiggle” in the standard ratio’s chart, but the computer analysis programs say that is not significant.\nThe larger picture here is that as many stocks have been declining, option traders have been buying puts on those stocks, forcing these equity-only put-call ratios higher. As long as the ratios are rising, they will remain on sell signals.\nLAWRENCE MCMILLAN\nLAWRENCE MCMILLAN\nMarket breadth (advances minus declines) has been woeful since mid-June. That is, most stocks are going down, even though SPX is going up. In fact, what is driving this market is a handful of large-cap NASDAQ stocks (the FAANG stocks plus Microsoft are the strongest stocks).\nThings have improved a little in the last couple of weeks, and so our breadth oscillators are on buy signals, but they are still in negative territory. Normally when SPX is making new all-time highs, the breadth oscillators are will into positive territory, reflecting a strong overall market. But that is not the case now.\nMoreover, cumulative breadth (the running total of daily advances minus declines) has not made a new all-time high since June 11. SPX has made a new closing or intraday high on 19 separate trading days since then. That is a huge, negative market divergence, but it alone is not a sell signal. Rather, it is a strong warning to be alert – to avoid complacency.\nNew 52-week highs on the NYSE continue to lead new 52-week lows. Recently, there have been some isolated days where new lows exceeded new highs using NASDAQ or “stocks only” data, but not when using NYSE data. That means this indicator remains bullish for stocks. It would turn negative if NYSE new lows exceeded new highs and were sufficiently large, but that has not happened.\nThere is a realized volatility sell signal in place, as well. That occurred when the S&P’s 20-day historical volatility first fell below 8% (in mid-June) and then later rose above 11% (in late July).\nImplied volatility, on the other hand, remains in a bullish state, as far the stock market is concerned. The VIX “spike peak” buy signal of July 20 remains in place. Moreover, the VIX 200-day moving average is still declining and is well above the price of VIX.There has been a slow “creep” upward by VIX, from 15 to 19 over the last month, but that doesn’t appear to be a significant change of trend.\nLAWRENCE MCMILLAN\nFinally, the construct of volatility derivatives remains positive for the stock market. The VIX futures are trading at a premium to VIX, and the term structures of those VIX futures and the CBOE Volatility Indices slope upward.\nThe SPX chart is still positive. That is the most important fact. Until that changes, a long “core” position is recommended. Around that, one can trade confirmed signals – both buy and sell. A violation of the 4370 area by SPX would change things for the negative, but a breakout to new all-time highs above 4430 would reinforce the bullish case.\nNew recommendation: Conditional SPX sell signal\nBased on the above article, we are going to lay out some parameters regarding taking a bearish position should SPX support be broken:\nIF SPX trades below 4370 and stays there for an hour,\nTHEN buy 1 SPY Aug (27th) at-the-money put\n And sell 1 SPY Aug (27th) put with a striking price 25 points lower.\nIn addition,\nIF SPX closes below 4370,\nTHEN buy another bear spread:\n Buy 1 (more) SPY Aug (27th) at-the-money put\n And sell 1 (more) SPY Aug (27th) put with a striking price 25 points lower.\nNote that it is possible that the second condition (close below 4370) could occur without the first condition being satisfied (if SPX breaks below 4370 late in a trading day). If that is the case, then buy 2 of these spreads on the close.\nFinally, if these spreads are established, stop yourself out of all of these bear spreads on an SPX close above 4430.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2881,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893021454,"gmtCreate":1628222630178,"gmtModify":1703503468513,"author":{"id":"4090741691035180","authorId":"4090741691035180","name":"Celestrine","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090741691035180","idStr":"4090741691035180"},"themes":[],"htmlText":"Thanks for sharing","listText":"Thanks for sharing","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/893021454","repostId":"1193751771","repostType":4,"repost":{"id":"1193751771","kind":"news","pubTimestamp":1628222237,"share":"https://ttm.financial/m/news/1193751771?lang=&edition=fundamental","pubTime":"2021-08-06 11:57","market":"us","language":"en","title":"Why automakers like Biden more than Obama","url":"https://stock-news.laohu8.com/highlight/detail?id=1193751771","media":"yahoo finance","summary":"When President Obama ratcheted up fuel economy standards in 2012, some carmakers quietly dug in thei","content":"<p>When President Obama ratcheted up fuel economy standards in 2012, some carmakers quietly dug in their tires. The new rules nearly doubled fuel-efficiency requirements by 2025, forcing the rapid adoption of expensive new technology. A midway review in 2018 was supposed to provide an off-ramp if the technology wasn’t maturing quickly enough. But when Donald Trump won the presidency in 2016, Obama moved up the deadline and locked in the new rules, with no industry input.</p>\n<p>The shunned auto industry asked Trump for relief, and got it. Two months into his presidency, Trump reopened the midway review, and in 2020 Trump sharply reduced the 2025 target. Trump also tried to stop California and two dozen other states from setting their own mileage standards higher than federal levels. That split the industry, assome carmakers sided with Trump and others with California.</p>\n<p>President Biden is now undoing Trump’s undoing, and once again pushing for sharp increases in fuel economy. But he’s doing it with much more cooperation from automakers, and an advantage Obama didn’t have: Electric vehicles are much further along than they were nine years ago, with every major automaker rushing EVs to market. That now makes it much easier for automakers to slash emissions across their fleets, while, ironically, allowing the government to soften efficiency targets for vehicles that still run on gasoline.</p>\n<h3><b>Automakers are on board</b></h3>\n<p>A new Biden executive order sets a target for up to 50% of all new vehicles sold by 2030 being electrified, which means they will either be full plug-ins, hybrids with both a gas engine and an electric motor, or hydrogen-powered cars. Notice that it’s a “target,” not a requirement. Biden’s target is largely in line with goals automakers have already announced, such as <a href=\"https://laohu8.com/S/GM\">General Motors</a>' aim to fully phase out gas- and diesel-powered cars by 2035. The penalty for failing to meet the target? Nada.</p>\n<p><img src=\"https://static.tigerbbs.com/c1af6cf6099a51f8b7b2be1a35f29a84\" tg-width=\"705\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><i>A sign that reads \"EV Charging Only\" at a ChargePoint vehicle (EV) charging station at the Homewood Suites by Hilton hotel in Spring Township, PA Wednesday morning July 21, 2021. (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)</i></p>\n<p>Biden will also start the process of raising fuel-economy standards for gas-powered cars above the Trump levels. The Obama rules required fuel-economy improvements of about 5% per year. Trump lowered that to 1.5%. Biden will reportedly propose new rules that would require a 3.7% annual improvement.</p>\n<p>It will take time to formulate the federal regulation governing increases in fuel economy, but the auto industry seems less likely to try watering that down behind the scenes than it has during previous battles over fuel-economy increases. Seven automakers—<a href=\"https://laohu8.com/S/BMWYY\">Bayerische Motoren Werke AG</a>, <a href=\"https://laohu8.com/S/HMC\">Honda</a>, <a href=\"https://laohu8.com/S/VLKAF\">Volkswagen AG</a>, <a href=\"https://laohu8.com/S/VLVLY\">Volvo AB</a>, <a href=\"https://laohu8.com/S/GM\">General Motors</a>, <a href=\"https://laohu8.com/S/F\">Ford</a> and Jeep-Chrysler parent <a href=\"https://laohu8.com/S/STLA\">Stellantis NV</a>—provided supporting statements the White House distributed when it announced Biden’s new EV target. “We look forward to working with the Biden Administration … to enact policies that will enable these ambitious objectives,” GM, Ford and Stellantis said in unison. It’s not often automakers join hands to praise new federal regulations.</p>\n<p>There’s a huge sweetener for automakers: Billions of dollars in federal spending to support EV development. The bipartisan infrastructure bill working through Congress includes $7.5 billion to help build EV charging stations. Biden wants more than $150 billion in additional spending on clean-car tax credits, subsidies for battery plants, school-bus electrification and other initiatives. Congress probably won’t provide all that spending, but even a portion of it would be a windfall supporting EV development that would be much risker without a huge government assist.</p>\n<p><img src=\"https://static.tigerbbs.com/eb3cdc7ae94763d9e64dee84b0bcdfeb\" tg-width=\"705\" tg-height=\"470\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><i>The <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> Supercharger Station in Kettleman City, California is an EV charging station for electric cars in the San Joaquin Valley, California. Photograph taken on July 12, 2021. (Carolyn Cole / Los Angeles Times via Getty Images)</i></p>\n<p>One sign of the coziness developing between the Biden administration and the auto industry is criticism from environmental groups hoping Biden would go further. While applauding Biden’s pending reversal of the Trump rules, some groups say he’s moving too slowly. “Setting an aspirational target of 40%-50% electric vehicle sales by 2030 is simply not enough,” the advocacy group Evergreen Action said in a statement. “The Biden administration should … drive toward 100% EV sales by 2030.” The gas-powered car is an endangered species, it's just a matter of when the extinction occurs.</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>Why automakers like Biden more than Obama</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\">\nWhy automakers like Biden more than Obama\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 11:57 GMT+8 <a href=https://finance.yahoo.com/news/why-automakers-like-biden-more-than-obama-154815643.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When President Obama ratcheted up fuel economy standards in 2012, some carmakers quietly dug in their tires. The new rules nearly doubled fuel-efficiency requirements by 2025, forcing the rapid ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-automakers-like-biden-more-than-obama-154815643.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/why-automakers-like-biden-more-than-obama-154815643.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193751771","content_text":"When President Obama ratcheted up fuel economy standards in 2012, some carmakers quietly dug in their tires. The new rules nearly doubled fuel-efficiency requirements by 2025, forcing the rapid adoption of expensive new technology. A midway review in 2018 was supposed to provide an off-ramp if the technology wasn’t maturing quickly enough. But when Donald Trump won the presidency in 2016, Obama moved up the deadline and locked in the new rules, with no industry input.\nThe shunned auto industry asked Trump for relief, and got it. Two months into his presidency, Trump reopened the midway review, and in 2020 Trump sharply reduced the 2025 target. Trump also tried to stop California and two dozen other states from setting their own mileage standards higher than federal levels. That split the industry, assome carmakers sided with Trump and others with California.\nPresident Biden is now undoing Trump’s undoing, and once again pushing for sharp increases in fuel economy. But he’s doing it with much more cooperation from automakers, and an advantage Obama didn’t have: Electric vehicles are much further along than they were nine years ago, with every major automaker rushing EVs to market. That now makes it much easier for automakers to slash emissions across their fleets, while, ironically, allowing the government to soften efficiency targets for vehicles that still run on gasoline.\nAutomakers are on board\nA new Biden executive order sets a target for up to 50% of all new vehicles sold by 2030 being electrified, which means they will either be full plug-ins, hybrids with both a gas engine and an electric motor, or hydrogen-powered cars. Notice that it’s a “target,” not a requirement. Biden’s target is largely in line with goals automakers have already announced, such as General Motors' aim to fully phase out gas- and diesel-powered cars by 2035. The penalty for failing to meet the target? Nada.\nA sign that reads \"EV Charging Only\" at a ChargePoint vehicle (EV) charging station at the Homewood Suites by Hilton hotel in Spring Township, PA Wednesday morning July 21, 2021. (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)\nBiden will also start the process of raising fuel-economy standards for gas-powered cars above the Trump levels. The Obama rules required fuel-economy improvements of about 5% per year. Trump lowered that to 1.5%. Biden will reportedly propose new rules that would require a 3.7% annual improvement.\nIt will take time to formulate the federal regulation governing increases in fuel economy, but the auto industry seems less likely to try watering that down behind the scenes than it has during previous battles over fuel-economy increases. Seven automakers—Bayerische Motoren Werke AG, Honda, Volkswagen AG, Volvo AB, General Motors, Ford and Jeep-Chrysler parent Stellantis NV—provided supporting statements the White House distributed when it announced Biden’s new EV target. “We look forward to working with the Biden Administration … to enact policies that will enable these ambitious objectives,” GM, Ford and Stellantis said in unison. It’s not often automakers join hands to praise new federal regulations.\nThere’s a huge sweetener for automakers: Billions of dollars in federal spending to support EV development. The bipartisan infrastructure bill working through Congress includes $7.5 billion to help build EV charging stations. Biden wants more than $150 billion in additional spending on clean-car tax credits, subsidies for battery plants, school-bus electrification and other initiatives. Congress probably won’t provide all that spending, but even a portion of it would be a windfall supporting EV development that would be much risker without a huge government assist.\nThe Tesla Motors Supercharger Station in Kettleman City, California is an EV charging station for electric cars in the San Joaquin Valley, California. Photograph taken on July 12, 2021. (Carolyn Cole / Los Angeles Times via Getty Images)\nOne sign of the coziness developing between the Biden administration and the auto industry is criticism from environmental groups hoping Biden would go further. While applauding Biden’s pending reversal of the Trump rules, some groups say he’s moving too slowly. “Setting an aspirational target of 40%-50% electric vehicle sales by 2030 is simply not enough,” the advocacy group Evergreen Action said in a statement. “The Biden administration should … drive toward 100% EV sales by 2030.” The gas-powered car is an endangered species, it's just a matter of when the extinction occurs.","news_type":1,"symbols_score_info":{"GM":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":3079,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893023264,"gmtCreate":1628222511358,"gmtModify":1703503467057,"author":{"id":"4090741691035180","authorId":"4090741691035180","name":"Celestrine","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090741691035180","idStr":"4090741691035180"},"themes":[],"htmlText":"Pls like, thanks","listText":"Pls like, thanks","text":"Pls like, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/893023264","repostId":"1193751771","repostType":4,"repost":{"id":"1193751771","kind":"news","pubTimestamp":1628222237,"share":"https://ttm.financial/m/news/1193751771?lang=&edition=fundamental","pubTime":"2021-08-06 11:57","market":"us","language":"en","title":"Why automakers like Biden more than Obama","url":"https://stock-news.laohu8.com/highlight/detail?id=1193751771","media":"yahoo finance","summary":"When President Obama ratcheted up fuel economy standards in 2012, some carmakers quietly dug in thei","content":"<p>When President Obama ratcheted up fuel economy standards in 2012, some carmakers quietly dug in their tires. The new rules nearly doubled fuel-efficiency requirements by 2025, forcing the rapid adoption of expensive new technology. A midway review in 2018 was supposed to provide an off-ramp if the technology wasn’t maturing quickly enough. But when Donald Trump won the presidency in 2016, Obama moved up the deadline and locked in the new rules, with no industry input.</p>\n<p>The shunned auto industry asked Trump for relief, and got it. Two months into his presidency, Trump reopened the midway review, and in 2020 Trump sharply reduced the 2025 target. Trump also tried to stop California and two dozen other states from setting their own mileage standards higher than federal levels. That split the industry, assome carmakers sided with Trump and others with California.</p>\n<p>President Biden is now undoing Trump’s undoing, and once again pushing for sharp increases in fuel economy. But he’s doing it with much more cooperation from automakers, and an advantage Obama didn’t have: Electric vehicles are much further along than they were nine years ago, with every major automaker rushing EVs to market. That now makes it much easier for automakers to slash emissions across their fleets, while, ironically, allowing the government to soften efficiency targets for vehicles that still run on gasoline.</p>\n<h3><b>Automakers are on board</b></h3>\n<p>A new Biden executive order sets a target for up to 50% of all new vehicles sold by 2030 being electrified, which means they will either be full plug-ins, hybrids with both a gas engine and an electric motor, or hydrogen-powered cars. Notice that it’s a “target,” not a requirement. Biden’s target is largely in line with goals automakers have already announced, such as <a href=\"https://laohu8.com/S/GM\">General Motors</a>' aim to fully phase out gas- and diesel-powered cars by 2035. The penalty for failing to meet the target? Nada.</p>\n<p><img src=\"https://static.tigerbbs.com/c1af6cf6099a51f8b7b2be1a35f29a84\" tg-width=\"705\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><i>A sign that reads \"EV Charging Only\" at a ChargePoint vehicle (EV) charging station at the Homewood Suites by Hilton hotel in Spring Township, PA Wednesday morning July 21, 2021. (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)</i></p>\n<p>Biden will also start the process of raising fuel-economy standards for gas-powered cars above the Trump levels. The Obama rules required fuel-economy improvements of about 5% per year. Trump lowered that to 1.5%. Biden will reportedly propose new rules that would require a 3.7% annual improvement.</p>\n<p>It will take time to formulate the federal regulation governing increases in fuel economy, but the auto industry seems less likely to try watering that down behind the scenes than it has during previous battles over fuel-economy increases. Seven automakers—<a href=\"https://laohu8.com/S/BMWYY\">Bayerische Motoren Werke AG</a>, <a href=\"https://laohu8.com/S/HMC\">Honda</a>, <a href=\"https://laohu8.com/S/VLKAF\">Volkswagen AG</a>, <a href=\"https://laohu8.com/S/VLVLY\">Volvo AB</a>, <a href=\"https://laohu8.com/S/GM\">General Motors</a>, <a href=\"https://laohu8.com/S/F\">Ford</a> and Jeep-Chrysler parent <a href=\"https://laohu8.com/S/STLA\">Stellantis NV</a>—provided supporting statements the White House distributed when it announced Biden’s new EV target. “We look forward to working with the Biden Administration … to enact policies that will enable these ambitious objectives,” GM, Ford and Stellantis said in unison. It’s not often automakers join hands to praise new federal regulations.</p>\n<p>There’s a huge sweetener for automakers: Billions of dollars in federal spending to support EV development. The bipartisan infrastructure bill working through Congress includes $7.5 billion to help build EV charging stations. Biden wants more than $150 billion in additional spending on clean-car tax credits, subsidies for battery plants, school-bus electrification and other initiatives. Congress probably won’t provide all that spending, but even a portion of it would be a windfall supporting EV development that would be much risker without a huge government assist.</p>\n<p><img src=\"https://static.tigerbbs.com/eb3cdc7ae94763d9e64dee84b0bcdfeb\" tg-width=\"705\" tg-height=\"470\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><i>The <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> Supercharger Station in Kettleman City, California is an EV charging station for electric cars in the San Joaquin Valley, California. Photograph taken on July 12, 2021. (Carolyn Cole / Los Angeles Times via Getty Images)</i></p>\n<p>One sign of the coziness developing between the Biden administration and the auto industry is criticism from environmental groups hoping Biden would go further. While applauding Biden’s pending reversal of the Trump rules, some groups say he’s moving too slowly. “Setting an aspirational target of 40%-50% electric vehicle sales by 2030 is simply not enough,” the advocacy group Evergreen Action said in a statement. “The Biden administration should … drive toward 100% EV sales by 2030.” The gas-powered car is an endangered species, it's just a matter of when the extinction occurs.</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>Why automakers like Biden more than Obama</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\">\nWhy automakers like Biden more than Obama\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 11:57 GMT+8 <a href=https://finance.yahoo.com/news/why-automakers-like-biden-more-than-obama-154815643.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When President Obama ratcheted up fuel economy standards in 2012, some carmakers quietly dug in their tires. The new rules nearly doubled fuel-efficiency requirements by 2025, forcing the rapid ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-automakers-like-biden-more-than-obama-154815643.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/why-automakers-like-biden-more-than-obama-154815643.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193751771","content_text":"When President Obama ratcheted up fuel economy standards in 2012, some carmakers quietly dug in their tires. The new rules nearly doubled fuel-efficiency requirements by 2025, forcing the rapid adoption of expensive new technology. A midway review in 2018 was supposed to provide an off-ramp if the technology wasn’t maturing quickly enough. But when Donald Trump won the presidency in 2016, Obama moved up the deadline and locked in the new rules, with no industry input.\nThe shunned auto industry asked Trump for relief, and got it. Two months into his presidency, Trump reopened the midway review, and in 2020 Trump sharply reduced the 2025 target. Trump also tried to stop California and two dozen other states from setting their own mileage standards higher than federal levels. That split the industry, assome carmakers sided with Trump and others with California.\nPresident Biden is now undoing Trump’s undoing, and once again pushing for sharp increases in fuel economy. But he’s doing it with much more cooperation from automakers, and an advantage Obama didn’t have: Electric vehicles are much further along than they were nine years ago, with every major automaker rushing EVs to market. That now makes it much easier for automakers to slash emissions across their fleets, while, ironically, allowing the government to soften efficiency targets for vehicles that still run on gasoline.\nAutomakers are on board\nA new Biden executive order sets a target for up to 50% of all new vehicles sold by 2030 being electrified, which means they will either be full plug-ins, hybrids with both a gas engine and an electric motor, or hydrogen-powered cars. Notice that it’s a “target,” not a requirement. Biden’s target is largely in line with goals automakers have already announced, such as General Motors' aim to fully phase out gas- and diesel-powered cars by 2035. The penalty for failing to meet the target? Nada.\nA sign that reads \"EV Charging Only\" at a ChargePoint vehicle (EV) charging station at the Homewood Suites by Hilton hotel in Spring Township, PA Wednesday morning July 21, 2021. (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)\nBiden will also start the process of raising fuel-economy standards for gas-powered cars above the Trump levels. The Obama rules required fuel-economy improvements of about 5% per year. Trump lowered that to 1.5%. Biden will reportedly propose new rules that would require a 3.7% annual improvement.\nIt will take time to formulate the federal regulation governing increases in fuel economy, but the auto industry seems less likely to try watering that down behind the scenes than it has during previous battles over fuel-economy increases. Seven automakers—Bayerische Motoren Werke AG, Honda, Volkswagen AG, Volvo AB, General Motors, Ford and Jeep-Chrysler parent Stellantis NV—provided supporting statements the White House distributed when it announced Biden’s new EV target. “We look forward to working with the Biden Administration … to enact policies that will enable these ambitious objectives,” GM, Ford and Stellantis said in unison. It’s not often automakers join hands to praise new federal regulations.\nThere’s a huge sweetener for automakers: Billions of dollars in federal spending to support EV development. The bipartisan infrastructure bill working through Congress includes $7.5 billion to help build EV charging stations. Biden wants more than $150 billion in additional spending on clean-car tax credits, subsidies for battery plants, school-bus electrification and other initiatives. Congress probably won’t provide all that spending, but even a portion of it would be a windfall supporting EV development that would be much risker without a huge government assist.\nThe Tesla Motors Supercharger Station in Kettleman City, California is an EV charging station for electric cars in the San Joaquin Valley, California. Photograph taken on July 12, 2021. (Carolyn Cole / Los Angeles Times via Getty Images)\nOne sign of the coziness developing between the Biden administration and the auto industry is criticism from environmental groups hoping Biden would go further. While applauding Biden’s pending reversal of the Trump rules, some groups say he’s moving too slowly. “Setting an aspirational target of 40%-50% electric vehicle sales by 2030 is simply not enough,” the advocacy group Evergreen Action said in a statement. “The Biden administration should … drive toward 100% EV sales by 2030.” The gas-powered car is an endangered species, it's just a matter of when the extinction occurs.","news_type":1,"symbols_score_info":{"GM":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890295807,"gmtCreate":1628118931709,"gmtModify":1703501398447,"author":{"id":"4090741691035180","authorId":"4090741691035180","name":"Celestrine","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090741691035180","idStr":"4090741691035180"},"themes":[],"htmlText":"Please like thanks","listText":"Please like thanks","text":"Please like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/890295807","repostId":"2157483930","repostType":4,"isVote":1,"tweetType":1,"viewCount":1460,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807590819,"gmtCreate":1628042042531,"gmtModify":1703500103348,"author":{"id":"4090741691035180","authorId":"4090741691035180","name":"Celestrine","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090741691035180","idStr":"4090741691035180"},"themes":[],"htmlText":"Thanks for sharing, like please","listText":"Thanks for sharing, like please","text":"Thanks for sharing, like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/807590819","repostId":"2156312793","repostType":4,"isVote":1,"tweetType":1,"viewCount":1990,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807189057,"gmtCreate":1628005883779,"gmtModify":1703499583312,"author":{"id":"4090741691035180","authorId":"4090741691035180","name":"Celestrine","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090741691035180","idStr":"4090741691035180"},"themes":[],"htmlText":"Thanks for sharing","listText":"Thanks for sharing","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/807189057","repostId":"1171505764","repostType":4,"isVote":1,"tweetType":1,"viewCount":2066,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804553908,"gmtCreate":1627966718104,"gmtModify":1703498778111,"author":{"id":"4090741691035180","authorId":"4090741691035180","name":"Celestrine","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090741691035180","idStr":"4090741691035180"},"themes":[],"htmlText":"Nice thanks for sharing","listText":"Nice thanks for sharing","text":"Nice thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804553908","repostId":"1119293992","repostType":4,"repost":{"id":"1119293992","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627963162,"share":"https://ttm.financial/m/news/1119293992?lang=&edition=fundamental","pubTime":"2021-08-03 11:59","market":"us","language":"en","title":"Google sets all-time records as search and YouTube profits soar","url":"https://stock-news.laohu8.com/highlight/detail?id=1119293992","media":"Tiger Newspress","summary":"Google delivered turbocharged sales growth in the past quarter, underscoring its status as the world","content":"<p>Google delivered turbocharged sales growth in the past quarter, underscoring its status as the world’s most potent advertising engine. The internet giant took advantage of an uneven pandemic reopening, catering to homebound users spending more time on screens as well as consumers venturing out to shop and travel.</p>\n<p>Second-quarter sales for Alphabet Inc., Google’s parent, surged past Wall Street estimates, due to a swell of ads from retail marketers eager to encourage consumer spending -- through e-commerce on YouTube and by physically returning to stores.</p>\n<p>The company brought in US$61.9 billion in revenue, up from $38.3 billion in Q2 2020, and reported an operating income of $19.4 billion, up from $6.4 billion in Q2 2020.</p>\n<p>Income (expenses) also rose to $2.6 billion, up from $1.9 billion, while net income reached $18.5 billion, up from $7 billion in 2021.</p>\n<p>Diluted EPS for the quarter was $27.26, up from $10.13 in the same period last year.</p>\n<p>“Our strong second quarter revenues of $61.9 billion reflect elevated consumer online activity and broad-based strength in advertiser spend. Again, we benefited from excellent execution across the board by our teams,” comments Alphabet and Google chief financial officer Ruth Porat.</p>\n<p>Alphabet, which owns and operates Google, also published additional financials related to Google’s performance.</p>\n<p>Google advertising: Search brought in US$35.8 billion in Q2 2021, up from $21.3 billion in Q2 2020. YouTube ad revenue totalled $7 billion, up from $3.8 billion, and Google Network totalled $7.6 billion, up from $4.7 billion.</p>\n<p>In total, Google Services brought in $57 billion, up from $35 billion for the same period last year. Google Services include ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube. Revenue generation comes from advertising; sales of apps, in-app purchases, digital content products, and hardware; and fees received for subscription-based products such as YouTube Premium and YouTube TV.</p>\n<p>Google Cloud reported revenue of $4.6 billion, up from $3 billion for the same period last year.</p>\n<p>Google’s total number of employees also rose from 127,498 in Q2 2020 to 144,056 in Q2 2021.</p>\n<p>“In Q2, there was a rising tide of online activity in many parts of the world, and we’re proud that our services helped so many consumers and businesses. Our long-term investments in AI and Google Cloud are helping us drive significant improvements in everyone’s digital experience,” comments Alphabet and Google CEO Sundar Pinchai.</p>\n<h4>YouTube is a proven juggernaut</h4>\n<p>When we talk about the winners and losers in the streaming wars, the focus is primarily on the subscription services like Disney+, Netflix and HBO Max. But ever since Alphabet started breaking out YouTube's performance early last year, it's become clear it should be right there in the mix with the rest.</p>\n<p>YouTube is not only a streaming video juggernaut that continues to report mind-bending growth, it is also turning into a key rival to the paid services that dominate the conversation around the future of television. And it has plenty of room to grow.</p>\n<p>Take a look at some of the key points we've learned about YouTube's growth recently:</p>\n<p>Quarterly revenue is on a par with Netflix, and it's growing at a faster rate. Alphabet said YouTube booked $7 billion in ad revenue last quarter. That's up 83% from the year-ago quarter. Compare that to the $7.34 billion in revenue Netflix booked during the same period. Netflix's revenue grew 19.4% from a year ago.</p>\n<p>Also, practically all of Netflix's revenue comes from subscriptions. Alphabet only reports YouTube's advertising revenue, not revenue from subscription products like YouTube TV and YouTube Premium.</p>\n<p>YouTube's television viewing is growing faster than ever. While the vast majority of YouTube consumption happens on phones, computers and tablets, Alphabet reported huge growth over the past year in people watching on television sets.</p>\n<p>The company said 120 million people watched YouTube on a TV last month, up from 100 million per month last year. Philipp Schindler, Google's chief business officer, said on the company's earnings call Tuesday YouTube on TV is \"the fastest growing consumer surface that we have.\"</p>\n<p>It’s the strongest signal yet that YouTube is encroaching on Netflix (209 million subscribers as of the end of June) and Disney+’s (103.6 million subscribers as of April 3) territory in the living room.</p>\n<p>Nielsen says more people are watching YouTube and Netflix than any other streaming service. Research firm Nielsen released a fascinating study last month showing far more people still watch traditional television than streaming video.</p>\n<p>But Nielsen’s data also had an interesting ranking of time spent streaming on various services. YouTube and Netflix were the top two streamers, with each service accounting for 6% of time spent watching television.</p>\n<p>YouTube’s TikTok rival is also growing. Short-form video is the dominant trend on social media today, with TikTok leading the charge. YouTube has its own short-form video service, YouTube Shorts, designed to compete with TikTok. Alphabet didn’t disclose how many people are using YouTube shorts but said viewing metrics jumped from 6.5 billion views per day in March to 15 billion views per day by the end of last quarter.</p>\n<p>More room to grow. Nielsen’s report last month showed there’s still plenty of room for all streamers to grow as more people migrate away from traditional linear TV. Streaming is still just about a quarter of all television viewing. A rising tide lifts all boats. YouTube is poised to be one of the streaming wars winners thanks to its early lead.</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>Google sets all-time records as search and YouTube profits soar</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\">\nGoogle sets all-time records as search and YouTube profits soar\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-03 11:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Google delivered turbocharged sales growth in the past quarter, underscoring its status as the world’s most potent advertising engine. The internet giant took advantage of an uneven pandemic reopening, catering to homebound users spending more time on screens as well as consumers venturing out to shop and travel.</p>\n<p>Second-quarter sales for Alphabet Inc., Google’s parent, surged past Wall Street estimates, due to a swell of ads from retail marketers eager to encourage consumer spending -- through e-commerce on YouTube and by physically returning to stores.</p>\n<p>The company brought in US$61.9 billion in revenue, up from $38.3 billion in Q2 2020, and reported an operating income of $19.4 billion, up from $6.4 billion in Q2 2020.</p>\n<p>Income (expenses) also rose to $2.6 billion, up from $1.9 billion, while net income reached $18.5 billion, up from $7 billion in 2021.</p>\n<p>Diluted EPS for the quarter was $27.26, up from $10.13 in the same period last year.</p>\n<p>“Our strong second quarter revenues of $61.9 billion reflect elevated consumer online activity and broad-based strength in advertiser spend. Again, we benefited from excellent execution across the board by our teams,” comments Alphabet and Google chief financial officer Ruth Porat.</p>\n<p>Alphabet, which owns and operates Google, also published additional financials related to Google’s performance.</p>\n<p>Google advertising: Search brought in US$35.8 billion in Q2 2021, up from $21.3 billion in Q2 2020. YouTube ad revenue totalled $7 billion, up from $3.8 billion, and Google Network totalled $7.6 billion, up from $4.7 billion.</p>\n<p>In total, Google Services brought in $57 billion, up from $35 billion for the same period last year. Google Services include ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube. Revenue generation comes from advertising; sales of apps, in-app purchases, digital content products, and hardware; and fees received for subscription-based products such as YouTube Premium and YouTube TV.</p>\n<p>Google Cloud reported revenue of $4.6 billion, up from $3 billion for the same period last year.</p>\n<p>Google’s total number of employees also rose from 127,498 in Q2 2020 to 144,056 in Q2 2021.</p>\n<p>“In Q2, there was a rising tide of online activity in many parts of the world, and we’re proud that our services helped so many consumers and businesses. Our long-term investments in AI and Google Cloud are helping us drive significant improvements in everyone’s digital experience,” comments Alphabet and Google CEO Sundar Pinchai.</p>\n<h4>YouTube is a proven juggernaut</h4>\n<p>When we talk about the winners and losers in the streaming wars, the focus is primarily on the subscription services like Disney+, Netflix and HBO Max. But ever since Alphabet started breaking out YouTube's performance early last year, it's become clear it should be right there in the mix with the rest.</p>\n<p>YouTube is not only a streaming video juggernaut that continues to report mind-bending growth, it is also turning into a key rival to the paid services that dominate the conversation around the future of television. And it has plenty of room to grow.</p>\n<p>Take a look at some of the key points we've learned about YouTube's growth recently:</p>\n<p>Quarterly revenue is on a par with Netflix, and it's growing at a faster rate. Alphabet said YouTube booked $7 billion in ad revenue last quarter. That's up 83% from the year-ago quarter. Compare that to the $7.34 billion in revenue Netflix booked during the same period. Netflix's revenue grew 19.4% from a year ago.</p>\n<p>Also, practically all of Netflix's revenue comes from subscriptions. Alphabet only reports YouTube's advertising revenue, not revenue from subscription products like YouTube TV and YouTube Premium.</p>\n<p>YouTube's television viewing is growing faster than ever. While the vast majority of YouTube consumption happens on phones, computers and tablets, Alphabet reported huge growth over the past year in people watching on television sets.</p>\n<p>The company said 120 million people watched YouTube on a TV last month, up from 100 million per month last year. Philipp Schindler, Google's chief business officer, said on the company's earnings call Tuesday YouTube on TV is \"the fastest growing consumer surface that we have.\"</p>\n<p>It’s the strongest signal yet that YouTube is encroaching on Netflix (209 million subscribers as of the end of June) and Disney+’s (103.6 million subscribers as of April 3) territory in the living room.</p>\n<p>Nielsen says more people are watching YouTube and Netflix than any other streaming service. Research firm Nielsen released a fascinating study last month showing far more people still watch traditional television than streaming video.</p>\n<p>But Nielsen’s data also had an interesting ranking of time spent streaming on various services. YouTube and Netflix were the top two streamers, with each service accounting for 6% of time spent watching television.</p>\n<p>YouTube’s TikTok rival is also growing. Short-form video is the dominant trend on social media today, with TikTok leading the charge. YouTube has its own short-form video service, YouTube Shorts, designed to compete with TikTok. Alphabet didn’t disclose how many people are using YouTube shorts but said viewing metrics jumped from 6.5 billion views per day in March to 15 billion views per day by the end of last quarter.</p>\n<p>More room to grow. Nielsen’s report last month showed there’s still plenty of room for all streamers to grow as more people migrate away from traditional linear TV. Streaming is still just about a quarter of all television viewing. A rising tide lifts all boats. YouTube is poised to be one of the streaming wars winners thanks to its early lead.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119293992","content_text":"Google delivered turbocharged sales growth in the past quarter, underscoring its status as the world’s most potent advertising engine. The internet giant took advantage of an uneven pandemic reopening, catering to homebound users spending more time on screens as well as consumers venturing out to shop and travel.\nSecond-quarter sales for Alphabet Inc., Google’s parent, surged past Wall Street estimates, due to a swell of ads from retail marketers eager to encourage consumer spending -- through e-commerce on YouTube and by physically returning to stores.\nThe company brought in US$61.9 billion in revenue, up from $38.3 billion in Q2 2020, and reported an operating income of $19.4 billion, up from $6.4 billion in Q2 2020.\nIncome (expenses) also rose to $2.6 billion, up from $1.9 billion, while net income reached $18.5 billion, up from $7 billion in 2021.\nDiluted EPS for the quarter was $27.26, up from $10.13 in the same period last year.\n“Our strong second quarter revenues of $61.9 billion reflect elevated consumer online activity and broad-based strength in advertiser spend. Again, we benefited from excellent execution across the board by our teams,” comments Alphabet and Google chief financial officer Ruth Porat.\nAlphabet, which owns and operates Google, also published additional financials related to Google’s performance.\nGoogle advertising: Search brought in US$35.8 billion in Q2 2021, up from $21.3 billion in Q2 2020. YouTube ad revenue totalled $7 billion, up from $3.8 billion, and Google Network totalled $7.6 billion, up from $4.7 billion.\nIn total, Google Services brought in $57 billion, up from $35 billion for the same period last year. Google Services include ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube. Revenue generation comes from advertising; sales of apps, in-app purchases, digital content products, and hardware; and fees received for subscription-based products such as YouTube Premium and YouTube TV.\nGoogle Cloud reported revenue of $4.6 billion, up from $3 billion for the same period last year.\nGoogle’s total number of employees also rose from 127,498 in Q2 2020 to 144,056 in Q2 2021.\n“In Q2, there was a rising tide of online activity in many parts of the world, and we’re proud that our services helped so many consumers and businesses. Our long-term investments in AI and Google Cloud are helping us drive significant improvements in everyone’s digital experience,” comments Alphabet and Google CEO Sundar Pinchai.\nYouTube is a proven juggernaut\nWhen we talk about the winners and losers in the streaming wars, the focus is primarily on the subscription services like Disney+, Netflix and HBO Max. But ever since Alphabet started breaking out YouTube's performance early last year, it's become clear it should be right there in the mix with the rest.\nYouTube is not only a streaming video juggernaut that continues to report mind-bending growth, it is also turning into a key rival to the paid services that dominate the conversation around the future of television. And it has plenty of room to grow.\nTake a look at some of the key points we've learned about YouTube's growth recently:\nQuarterly revenue is on a par with Netflix, and it's growing at a faster rate. Alphabet said YouTube booked $7 billion in ad revenue last quarter. That's up 83% from the year-ago quarter. Compare that to the $7.34 billion in revenue Netflix booked during the same period. Netflix's revenue grew 19.4% from a year ago.\nAlso, practically all of Netflix's revenue comes from subscriptions. Alphabet only reports YouTube's advertising revenue, not revenue from subscription products like YouTube TV and YouTube Premium.\nYouTube's television viewing is growing faster than ever. While the vast majority of YouTube consumption happens on phones, computers and tablets, Alphabet reported huge growth over the past year in people watching on television sets.\nThe company said 120 million people watched YouTube on a TV last month, up from 100 million per month last year. Philipp Schindler, Google's chief business officer, said on the company's earnings call Tuesday YouTube on TV is \"the fastest growing consumer surface that we have.\"\nIt’s the strongest signal yet that YouTube is encroaching on Netflix (209 million subscribers as of the end of June) and Disney+’s (103.6 million subscribers as of April 3) territory in the living room.\nNielsen says more people are watching YouTube and Netflix than any other streaming service. Research firm Nielsen released a fascinating study last month showing far more people still watch traditional television than streaming video.\nBut Nielsen’s data also had an interesting ranking of time spent streaming on various services. YouTube and Netflix were the top two streamers, with each service accounting for 6% of time spent watching television.\nYouTube’s TikTok rival is also growing. Short-form video is the dominant trend on social media today, with TikTok leading the charge. YouTube has its own short-form video service, YouTube Shorts, designed to compete with TikTok. Alphabet didn’t disclose how many people are using YouTube shorts but said viewing metrics jumped from 6.5 billion views per day in March to 15 billion views per day by the end of last quarter.\nMore room to grow. Nielsen’s report last month showed there’s still plenty of room for all streamers to grow as more people migrate away from traditional linear TV. Streaming is still just about a quarter of all television viewing. A rising tide lifts all boats. YouTube is poised to be one of the streaming wars winners thanks to its early lead.","news_type":1,"symbols_score_info":{"GOOG":0.9}},"isVote":1,"tweetType":1,"viewCount":1808,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804559868,"gmtCreate":1627966618754,"gmtModify":1703498776813,"author":{"id":"4090741691035180","authorId":"4090741691035180","name":"Celestrine","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090741691035180","idStr":"4090741691035180"},"themes":[],"htmlText":"Thanks for sharing","listText":"Thanks for sharing","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804559868","repostId":"1177462457","repostType":4,"isVote":1,"tweetType":1,"viewCount":1956,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804550526,"gmtCreate":1627966539565,"gmtModify":1703498775838,"author":{"id":"4090741691035180","authorId":"4090741691035180","name":"Celestrine","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090741691035180","idStr":"4090741691035180"},"themes":[],"htmlText":"Like please, thanks","listText":"Like please, thanks","text":"Like please, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804550526","repostId":"1119293992","repostType":4,"repost":{"id":"1119293992","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627963162,"share":"https://ttm.financial/m/news/1119293992?lang=&edition=fundamental","pubTime":"2021-08-03 11:59","market":"us","language":"en","title":"Google sets all-time records as search and YouTube profits soar","url":"https://stock-news.laohu8.com/highlight/detail?id=1119293992","media":"Tiger Newspress","summary":"Google delivered turbocharged sales growth in the past quarter, underscoring its status as the world","content":"<p>Google delivered turbocharged sales growth in the past quarter, underscoring its status as the world’s most potent advertising engine. The internet giant took advantage of an uneven pandemic reopening, catering to homebound users spending more time on screens as well as consumers venturing out to shop and travel.</p>\n<p>Second-quarter sales for Alphabet Inc., Google’s parent, surged past Wall Street estimates, due to a swell of ads from retail marketers eager to encourage consumer spending -- through e-commerce on YouTube and by physically returning to stores.</p>\n<p>The company brought in US$61.9 billion in revenue, up from $38.3 billion in Q2 2020, and reported an operating income of $19.4 billion, up from $6.4 billion in Q2 2020.</p>\n<p>Income (expenses) also rose to $2.6 billion, up from $1.9 billion, while net income reached $18.5 billion, up from $7 billion in 2021.</p>\n<p>Diluted EPS for the quarter was $27.26, up from $10.13 in the same period last year.</p>\n<p>“Our strong second quarter revenues of $61.9 billion reflect elevated consumer online activity and broad-based strength in advertiser spend. Again, we benefited from excellent execution across the board by our teams,” comments Alphabet and Google chief financial officer Ruth Porat.</p>\n<p>Alphabet, which owns and operates Google, also published additional financials related to Google’s performance.</p>\n<p>Google advertising: Search brought in US$35.8 billion in Q2 2021, up from $21.3 billion in Q2 2020. YouTube ad revenue totalled $7 billion, up from $3.8 billion, and Google Network totalled $7.6 billion, up from $4.7 billion.</p>\n<p>In total, Google Services brought in $57 billion, up from $35 billion for the same period last year. Google Services include ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube. Revenue generation comes from advertising; sales of apps, in-app purchases, digital content products, and hardware; and fees received for subscription-based products such as YouTube Premium and YouTube TV.</p>\n<p>Google Cloud reported revenue of $4.6 billion, up from $3 billion for the same period last year.</p>\n<p>Google’s total number of employees also rose from 127,498 in Q2 2020 to 144,056 in Q2 2021.</p>\n<p>“In Q2, there was a rising tide of online activity in many parts of the world, and we’re proud that our services helped so many consumers and businesses. Our long-term investments in AI and Google Cloud are helping us drive significant improvements in everyone’s digital experience,” comments Alphabet and Google CEO Sundar Pinchai.</p>\n<h4>YouTube is a proven juggernaut</h4>\n<p>When we talk about the winners and losers in the streaming wars, the focus is primarily on the subscription services like Disney+, Netflix and HBO Max. But ever since Alphabet started breaking out YouTube's performance early last year, it's become clear it should be right there in the mix with the rest.</p>\n<p>YouTube is not only a streaming video juggernaut that continues to report mind-bending growth, it is also turning into a key rival to the paid services that dominate the conversation around the future of television. And it has plenty of room to grow.</p>\n<p>Take a look at some of the key points we've learned about YouTube's growth recently:</p>\n<p>Quarterly revenue is on a par with Netflix, and it's growing at a faster rate. Alphabet said YouTube booked $7 billion in ad revenue last quarter. That's up 83% from the year-ago quarter. Compare that to the $7.34 billion in revenue Netflix booked during the same period. Netflix's revenue grew 19.4% from a year ago.</p>\n<p>Also, practically all of Netflix's revenue comes from subscriptions. Alphabet only reports YouTube's advertising revenue, not revenue from subscription products like YouTube TV and YouTube Premium.</p>\n<p>YouTube's television viewing is growing faster than ever. While the vast majority of YouTube consumption happens on phones, computers and tablets, Alphabet reported huge growth over the past year in people watching on television sets.</p>\n<p>The company said 120 million people watched YouTube on a TV last month, up from 100 million per month last year. Philipp Schindler, Google's chief business officer, said on the company's earnings call Tuesday YouTube on TV is \"the fastest growing consumer surface that we have.\"</p>\n<p>It’s the strongest signal yet that YouTube is encroaching on Netflix (209 million subscribers as of the end of June) and Disney+’s (103.6 million subscribers as of April 3) territory in the living room.</p>\n<p>Nielsen says more people are watching YouTube and Netflix than any other streaming service. Research firm Nielsen released a fascinating study last month showing far more people still watch traditional television than streaming video.</p>\n<p>But Nielsen’s data also had an interesting ranking of time spent streaming on various services. YouTube and Netflix were the top two streamers, with each service accounting for 6% of time spent watching television.</p>\n<p>YouTube’s TikTok rival is also growing. Short-form video is the dominant trend on social media today, with TikTok leading the charge. YouTube has its own short-form video service, YouTube Shorts, designed to compete with TikTok. Alphabet didn’t disclose how many people are using YouTube shorts but said viewing metrics jumped from 6.5 billion views per day in March to 15 billion views per day by the end of last quarter.</p>\n<p>More room to grow. Nielsen’s report last month showed there’s still plenty of room for all streamers to grow as more people migrate away from traditional linear TV. Streaming is still just about a quarter of all television viewing. A rising tide lifts all boats. YouTube is poised to be one of the streaming wars winners thanks to its early lead.</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>Google sets all-time records as search and YouTube profits soar</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\">\nGoogle sets all-time records as search and YouTube profits soar\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-03 11:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Google delivered turbocharged sales growth in the past quarter, underscoring its status as the world’s most potent advertising engine. The internet giant took advantage of an uneven pandemic reopening, catering to homebound users spending more time on screens as well as consumers venturing out to shop and travel.</p>\n<p>Second-quarter sales for Alphabet Inc., Google’s parent, surged past Wall Street estimates, due to a swell of ads from retail marketers eager to encourage consumer spending -- through e-commerce on YouTube and by physically returning to stores.</p>\n<p>The company brought in US$61.9 billion in revenue, up from $38.3 billion in Q2 2020, and reported an operating income of $19.4 billion, up from $6.4 billion in Q2 2020.</p>\n<p>Income (expenses) also rose to $2.6 billion, up from $1.9 billion, while net income reached $18.5 billion, up from $7 billion in 2021.</p>\n<p>Diluted EPS for the quarter was $27.26, up from $10.13 in the same period last year.</p>\n<p>“Our strong second quarter revenues of $61.9 billion reflect elevated consumer online activity and broad-based strength in advertiser spend. Again, we benefited from excellent execution across the board by our teams,” comments Alphabet and Google chief financial officer Ruth Porat.</p>\n<p>Alphabet, which owns and operates Google, also published additional financials related to Google’s performance.</p>\n<p>Google advertising: Search brought in US$35.8 billion in Q2 2021, up from $21.3 billion in Q2 2020. YouTube ad revenue totalled $7 billion, up from $3.8 billion, and Google Network totalled $7.6 billion, up from $4.7 billion.</p>\n<p>In total, Google Services brought in $57 billion, up from $35 billion for the same period last year. Google Services include ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube. Revenue generation comes from advertising; sales of apps, in-app purchases, digital content products, and hardware; and fees received for subscription-based products such as YouTube Premium and YouTube TV.</p>\n<p>Google Cloud reported revenue of $4.6 billion, up from $3 billion for the same period last year.</p>\n<p>Google’s total number of employees also rose from 127,498 in Q2 2020 to 144,056 in Q2 2021.</p>\n<p>“In Q2, there was a rising tide of online activity in many parts of the world, and we’re proud that our services helped so many consumers and businesses. Our long-term investments in AI and Google Cloud are helping us drive significant improvements in everyone’s digital experience,” comments Alphabet and Google CEO Sundar Pinchai.</p>\n<h4>YouTube is a proven juggernaut</h4>\n<p>When we talk about the winners and losers in the streaming wars, the focus is primarily on the subscription services like Disney+, Netflix and HBO Max. But ever since Alphabet started breaking out YouTube's performance early last year, it's become clear it should be right there in the mix with the rest.</p>\n<p>YouTube is not only a streaming video juggernaut that continues to report mind-bending growth, it is also turning into a key rival to the paid services that dominate the conversation around the future of television. And it has plenty of room to grow.</p>\n<p>Take a look at some of the key points we've learned about YouTube's growth recently:</p>\n<p>Quarterly revenue is on a par with Netflix, and it's growing at a faster rate. Alphabet said YouTube booked $7 billion in ad revenue last quarter. That's up 83% from the year-ago quarter. Compare that to the $7.34 billion in revenue Netflix booked during the same period. Netflix's revenue grew 19.4% from a year ago.</p>\n<p>Also, practically all of Netflix's revenue comes from subscriptions. Alphabet only reports YouTube's advertising revenue, not revenue from subscription products like YouTube TV and YouTube Premium.</p>\n<p>YouTube's television viewing is growing faster than ever. While the vast majority of YouTube consumption happens on phones, computers and tablets, Alphabet reported huge growth over the past year in people watching on television sets.</p>\n<p>The company said 120 million people watched YouTube on a TV last month, up from 100 million per month last year. Philipp Schindler, Google's chief business officer, said on the company's earnings call Tuesday YouTube on TV is \"the fastest growing consumer surface that we have.\"</p>\n<p>It’s the strongest signal yet that YouTube is encroaching on Netflix (209 million subscribers as of the end of June) and Disney+’s (103.6 million subscribers as of April 3) territory in the living room.</p>\n<p>Nielsen says more people are watching YouTube and Netflix than any other streaming service. Research firm Nielsen released a fascinating study last month showing far more people still watch traditional television than streaming video.</p>\n<p>But Nielsen’s data also had an interesting ranking of time spent streaming on various services. YouTube and Netflix were the top two streamers, with each service accounting for 6% of time spent watching television.</p>\n<p>YouTube’s TikTok rival is also growing. Short-form video is the dominant trend on social media today, with TikTok leading the charge. YouTube has its own short-form video service, YouTube Shorts, designed to compete with TikTok. Alphabet didn’t disclose how many people are using YouTube shorts but said viewing metrics jumped from 6.5 billion views per day in March to 15 billion views per day by the end of last quarter.</p>\n<p>More room to grow. Nielsen’s report last month showed there’s still plenty of room for all streamers to grow as more people migrate away from traditional linear TV. Streaming is still just about a quarter of all television viewing. A rising tide lifts all boats. YouTube is poised to be one of the streaming wars winners thanks to its early lead.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119293992","content_text":"Google delivered turbocharged sales growth in the past quarter, underscoring its status as the world’s most potent advertising engine. The internet giant took advantage of an uneven pandemic reopening, catering to homebound users spending more time on screens as well as consumers venturing out to shop and travel.\nSecond-quarter sales for Alphabet Inc., Google’s parent, surged past Wall Street estimates, due to a swell of ads from retail marketers eager to encourage consumer spending -- through e-commerce on YouTube and by physically returning to stores.\nThe company brought in US$61.9 billion in revenue, up from $38.3 billion in Q2 2020, and reported an operating income of $19.4 billion, up from $6.4 billion in Q2 2020.\nIncome (expenses) also rose to $2.6 billion, up from $1.9 billion, while net income reached $18.5 billion, up from $7 billion in 2021.\nDiluted EPS for the quarter was $27.26, up from $10.13 in the same period last year.\n“Our strong second quarter revenues of $61.9 billion reflect elevated consumer online activity and broad-based strength in advertiser spend. Again, we benefited from excellent execution across the board by our teams,” comments Alphabet and Google chief financial officer Ruth Porat.\nAlphabet, which owns and operates Google, also published additional financials related to Google’s performance.\nGoogle advertising: Search brought in US$35.8 billion in Q2 2021, up from $21.3 billion in Q2 2020. YouTube ad revenue totalled $7 billion, up from $3.8 billion, and Google Network totalled $7.6 billion, up from $4.7 billion.\nIn total, Google Services brought in $57 billion, up from $35 billion for the same period last year. Google Services include ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube. Revenue generation comes from advertising; sales of apps, in-app purchases, digital content products, and hardware; and fees received for subscription-based products such as YouTube Premium and YouTube TV.\nGoogle Cloud reported revenue of $4.6 billion, up from $3 billion for the same period last year.\nGoogle’s total number of employees also rose from 127,498 in Q2 2020 to 144,056 in Q2 2021.\n“In Q2, there was a rising tide of online activity in many parts of the world, and we’re proud that our services helped so many consumers and businesses. Our long-term investments in AI and Google Cloud are helping us drive significant improvements in everyone’s digital experience,” comments Alphabet and Google CEO Sundar Pinchai.\nYouTube is a proven juggernaut\nWhen we talk about the winners and losers in the streaming wars, the focus is primarily on the subscription services like Disney+, Netflix and HBO Max. But ever since Alphabet started breaking out YouTube's performance early last year, it's become clear it should be right there in the mix with the rest.\nYouTube is not only a streaming video juggernaut that continues to report mind-bending growth, it is also turning into a key rival to the paid services that dominate the conversation around the future of television. And it has plenty of room to grow.\nTake a look at some of the key points we've learned about YouTube's growth recently:\nQuarterly revenue is on a par with Netflix, and it's growing at a faster rate. Alphabet said YouTube booked $7 billion in ad revenue last quarter. That's up 83% from the year-ago quarter. Compare that to the $7.34 billion in revenue Netflix booked during the same period. Netflix's revenue grew 19.4% from a year ago.\nAlso, practically all of Netflix's revenue comes from subscriptions. Alphabet only reports YouTube's advertising revenue, not revenue from subscription products like YouTube TV and YouTube Premium.\nYouTube's television viewing is growing faster than ever. While the vast majority of YouTube consumption happens on phones, computers and tablets, Alphabet reported huge growth over the past year in people watching on television sets.\nThe company said 120 million people watched YouTube on a TV last month, up from 100 million per month last year. Philipp Schindler, Google's chief business officer, said on the company's earnings call Tuesday YouTube on TV is \"the fastest growing consumer surface that we have.\"\nIt’s the strongest signal yet that YouTube is encroaching on Netflix (209 million subscribers as of the end of June) and Disney+’s (103.6 million subscribers as of April 3) territory in the living room.\nNielsen says more people are watching YouTube and Netflix than any other streaming service. Research firm Nielsen released a fascinating study last month showing far more people still watch traditional television than streaming video.\nBut Nielsen’s data also had an interesting ranking of time spent streaming on various services. YouTube and Netflix were the top two streamers, with each service accounting for 6% of time spent watching television.\nYouTube’s TikTok rival is also growing. Short-form video is the dominant trend on social media today, with TikTok leading the charge. YouTube has its own short-form video service, YouTube Shorts, designed to compete with TikTok. Alphabet didn’t disclose how many people are using YouTube shorts but said viewing metrics jumped from 6.5 billion views per day in March to 15 billion views per day by the end of last quarter.\nMore room to grow. Nielsen’s report last month showed there’s still plenty of room for all streamers to grow as more people migrate away from traditional linear TV. Streaming is still just about a quarter of all television viewing. A rising tide lifts all boats. YouTube is poised to be one of the streaming wars winners thanks to its early lead.","news_type":1,"symbols_score_info":{"GOOG":0.9}},"isVote":1,"tweetType":1,"viewCount":1368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}