🌻本周做的閱讀與功課:
https://makingsenseofusastocks.blogspot.com/2021/08/blog-post_26.html
這周的功課有些落後. 之後可能會補東西進去. 不過重點就是這兩天的Jackson Hole 會議, 以及下周的非農.
🌻近期整理好的一些財報電話會議內容, 我會陸續放到部落格那邊. 請有興趣的讀者自行去找找. 如果還沒放上, 那就是還在進行中.
🌻Snowflake (SNOW) earnings analysis by Morgan Stanley
這家的熱度很高, 不過我沒有在follow. 下面是Morgan Stanley對於SNOW這次的財報, 所給予的評價. 供有興趣的讀者參考.
Snowflake Delivers a Solid Raise to Go Along With the Beat, as Visibility into Customer Expansion Improves. Another quarter of triple-digit product revenue growth (103% vs. 110% in 1Q22), came in 6% ahead of consensus, enabled by a set of underlying business metrics that remain best-in-class in enterprise software, including: 1) 169% net-revenue retention, which improved from 168% in Q1, 2) 60% YoY growth in total customers and 3) 107% YoY growth in customers spending in excess of $1 million in product revenue. More importantly, for the first time as a public company, management raised guidance in excess of the quarterly beat and ahead of consensus with the high end 3Q/FY22 product revenue guidance coming 5%/3% ahead of consensus. This reflects management's greater visibility into the consumption patterns of large customers – a fact underscored by CFO Mike Scarpelli reiterating expectations for 160%+ net revenue retention for the balance of the year. Furthermore, the company appears to be advancing its position beyond a cloud data warehouse, as evidenced by early traction in new areas including SnowPark (modern data pipelines), security analytics, machine learning and data exchange. The one area of controversy coming out of Q2 results was the sharp deceleration in RPO, which slowed to 122% YoY from 206% the prior quarter. However, we note that RPO growth was negatively impacted by the lapping of longer contract durations and a tough compare from the ~$100 million, 3-year deal with a large customer in the year ago period. Management noted that growth in new annualized contract value accelerated versus 2Q21. Overall, we are encouraged by Snowflake's meaningful beat and raise, and take our PT to $295. However, with shares trading 54x revenue (0.67x rev growth-adjusted), we look for a pull back to generate a better risk/reward profile.
🌻美國很有名的一位"farm-influencer", 鄉村部落客, 專門描述農村&田園的部落客: https://www.instagram.com/hcneeleman/
WSJ前幾天有篇文章, 是講現在的一個美國次文化(鄉村/農村文化farm culture). 加上疫情後, 很多人搬到鄉村或是郊區, 讓這樣的文化更盛行了起來. 相關個股是連鎖零售店Tractor Supply (TSCO)以及鞋店Boot Barn (BOOT).
https://www.wsj.com/articles/instagram-stars-make-farm-life-look-delightfulminus-the-manure-11629733123
Pictures: Tractor Supply內部照片
同時也有4部Youtube影片,追蹤數超過24萬的網紅lifeintaiwan,也在其Youtube影片中提到,As it's the end of my first year as a full-time YouTuber I thought I'd take a quick look at exactly how much I earned from Google's ADSense revenue sy...
「earnings revenue」的推薦目錄:
earnings revenue 在 元毓 Facebook 的最佳貼文
Apple 2021 Q2 電話法說會摘要
照慣例電話會議一上來就是Apple CEO Tim Cook與CFO Luca Maestri 把主要財務數字炫耀一番,畢竟Q2營收的年成長率54%,太亮眼了。以Apple這種體量的公司,如果將其當作一個國家,營收對比GDP,如此一家私人公司足以排進世界前15國。
對我們股東來說一個CFO揭露的重要訊息是: We ended the quarter with over $204 billion in cash plus marketable securities. We issued $14 billion of new term debt and retired $3.5 billion of term debt leaving us with total debt of almost $122 billion. As a result, net cash was $83 billion at the end of the quarter.
我把Q&A部分放到最前面,CEO與CFO的開場摘要則放到最後。
Q&A部分
許多關於供應鏈是否存在短缺或不足的問題,現代供應鍊大神Tim Cook全都語焉不詳,只強調Q2他們不存在material shortage。
另外就是有提到中國市場成長力道強勁,且2/3的中國iPad和Mac買家都是第一次購買蘋果產品的用戶,這對Apple來說是讓他們感到樂觀的現象。
同樣的,關於Apple Service Business部分Tim Cook一樣東拉西扯就是不肯提供更多訊息,頂多只說從去年開始Apple App Store與開發者的抽成費率降了15%。
還有Apple這次與Facebook鬧翻的隱私權問題,在這個恐怕重創FB營運的決策上,Tim Cook依然官腔滿滿,聲稱「Apple在做對的事」,他們就是要給用戶選擇保護自己隱私的權利,無關Apple或任何其他公司。(有點此地無銀三百兩)
值得一提的是,Tim又補充:「即便沒多少用戶選擇不被隱私追蹤,蘋果也堅持要提供這個功能」(這是說絕大多數用戶不需要這個功能,Apple也堅持要花費成本做下去?你還跟我說是利益用戶而不是針對其他公司?)
Tim Cook 開場:
1. new March quarter records for both revenue and earnings, besting our year ago revenue performance by 54%.
2. iPhone, which grew 66% year- over-year driven by the strong popularity of the iPhone 12 family.
3. iPad grow very strong double digits to its highest March quarter revenue in nearly a decade.
4. In fact, the last three quarters for Mac have been its three best quarters ever
Wearables, Home and Accessories, which grew by 25% year-over-year.
5. Services. We achieved growth of 27% year-over-year and set new records for services in each of our geographic segments.
Over the next five years, we will invest $430 billion, creating 20,000 jobs in the process.
CFO Luca Maestri開場:
1. Our revenue reached a March quarter record of $89.6 billion, an increase of over $31 billion or 54% from a year ago.
2. Products revenue was a March quarter record of $72.7 billion, up 62% over a year ago.
3. Our services set an all-time record of $16.9 billion, growing 27% over a year ago. ( App Store, cloud services, music, video, advertising and payment services. Our new service offerings, Apple TV+, Apple Arcade, Apple News Fitness+)
4. Company gross margin was 42.5%, up 270 basis points from last quarter driven by cost savings, a strong mix and favorable foreign exchange. Products gross margin was 36.1%, growing 100 basis points sequentially also thanks to cost savings and FX, partially offset by seasonal loss of leverage. Services gross margin was 70.1%, up 170 basis points sequentially and mainly due to a different mix. Net income of $23.6 billion, diluted earnings per share of $1.40 and operating cash flow of $24 billion were all March quarter records by a wide margin.
5. During the March quarter, we added more than 40 million paid subs sequentially, and we have now reached more than 660 million paid subscriptions across the services on our platform. This is up $145 million from just a year ago and twice the number of paid subscriptions we are only 2.5 years ago.
6. Apple Watch continues to extend its reach, with nearly 75% of the customers purchasing Apple Watch during the quarter being new to the product.
7. Mac. We set an all-time revenue record of $9.1 billion, up 70% over last year, and grew very strongly in each geographic segment with all-time revenue records in Europe and rest of Asia Pacific and March quarter records in the Americas, Greater China and Japan. This amazing performance was driven by the very enthusiastic customer response to our new Macs powered by the M1 chip.
8. iPad performance was also outstanding with revenue of $7.8 billion up 79%.
9. And UCHealth, a large health care provider in Colorado, was able to reduce per patient vaccination time from 3 minutes to only 30 seconds largely by moving from PC stations to iPhones
10. We ended the quarter with over $204 billion in cash plus marketable securities. We issued $14 billion of new term debt and retired $3.5 billion of term debt leaving us with total debt of almost $122 billion. As a result, net cash was $83 billion at the end of the quarter.
11. we were also able to return nearly $23 billion to shareholders during the March quarter. This included $3.4 billion in dividends and equivalents and $19 billion through open market repurchases of 147 million Apple shares.
12. This will cause a steeper sequential decline than usual. Second, we believe supply constraints will have a revenue impact of $3 billion to $4 billion in the June quarter.
https://yuanyu.idv.tw/2021/05/03/apple-2021-q2-電話法說會摘要/
earnings revenue 在 貓的成長美股異想世界 Facebook 的最佳貼文
🌻[新書介紹]"從0開始打造財務自由的致富系統:暢銷10年經典「系統理財法」,教你變成有錢人"
這陣子一些個股的飆法, 是不是讓您覺得賺錢很容易呢? 這並不是常態, 所以正確的投資與理財觀念很重要. 也請不要認為這樣(買這些飆股)能一夕致富喔.
今天要介紹的一本書, 就是作者藉由分享自己的理財方式, 希望讀者能夠參考自己的方法, 來有系統地打造一個理財計劃.
我年紀不小了, 所以不是這本書的主要目標族群😅, 不過倒挺建議剛入社會, 或是年輕人看看, 說不定會從裡面得到一些啟發. 你不理財, 才不理你. 如果能從年輕時開始擬定適合自己的理財計劃, 並養成習慣, 好好執行, 那財富指日可待!
柏客來網站:
https://www.books.com.tw/products/0010882103?loc=P_0004_053
🌻Fidelity Contrafund的Will Danoff訪談摘要
很扎實, 有內容的一篇訪談. 雖然不少內容都已經在自己的實作上了, 但有從他的談話中應證了以前的一些想法, 於是還是整理了一下筆記(不過也不是完全100%同意他的觀點就是(有寫在下方))
https://makingsenseofusastocks.blogspot.com/2021/01/fidelity-contrafundwill-danoff.html
🌻Microsoft(MSFT)財報結果
節錄CNBC的重點:
1. Azure revenue growth accelerated and came in above analysts’ expectations for the quarter.
2. Sales of new Xbox consoles didn’t hurt the margin of the Windows business as much as analysts had expected.
3. Revenue guidance for the company quarter beat expectations.
CEO的話:「過去1年裡,我們見證了席捲每家公司和每個行業的第2波數位化轉型的曙光。」
(中文文字來源: https://tw.appledaily.com/property/20210127/YQPVSZAXC5HV5GFAWVZACAT5QQ/)
原文: What we are witnessing is the dawn of a second wave of digital transformation sweeping every company and every industry. Digital capability is key to both resilience and growth. It's no longer enough to just adopt technology. Businesses need to build their own technology to compete and grow. Microsoft is powering this shift with the world's largest and most comprehensive cloud platform.
官方財報新聞稿連結: https://www.microsoft.com/en-us/Investor/earnings/FY-2021-Q1/press-release-webcast
🌻沒太follow ARK的新聞, 不過最近連續有三個媒體在報導. 這些基金對我來說, 算是動能投資的操作方式. 若碰到修正, 會拉回很多. 供參.
https://www.cnbc.com/2021/01/22/cramer-worries-about-investors-mimicking-ark-invests-cathie-wood.html
https://www.barrons.com/articles/ark-etfs-might-be-too-popular-for-their-own-good-51611234009
https://www.wsj.com/articles/the-story-behind-the-markets-hottest-funds-thematic-etfs-arkg-vegn-11610722419
🌻關於SPAC
高盛:美股的確已有泡沫現象 SPAC火熱
https://news.cnyes.com/news/id/4562981
GS的CEO在財報上也有提到SPAC: Goldman Sachs warned of the risks in SPACs"I do think SPACs is a good use case, versus a traditional IPO, and advantages for sellers and for investors and looking at this ecosystem. But the ecosystem is not without flaws. I think it's still evolving. I think the incentive system is still evolving. One of the things we're watching very, very closely is the incentives of the sponsors, and also the incentives of somebody that selling. And while I think these activity levels continue to be very robust, and that they do continue as we head into 2021 continue to be very, very robust. I do not think this is sustainable in the medium term...things I certainly think is the case is you have something here it's a good capital markets innovation. But like many innovations, there's a point in time as they start, where they have a tendency, maybe to go a little bit too far, and then need to be pulled back or rebalanced in some way. And that's something my guess is we'll see over the course of 2021 or 2022, with SPAC" - Goldman Sachs (GS) CEO David Solomon
Pictures來源: 出版社提供; https://www.cnbc.com/2021/01/26/microsoft-msft-earnings-q2-2021.html
earnings revenue 在 lifeintaiwan Youtube 的最佳解答
As it's the end of my first year as a full-time YouTuber I thought I'd take a quick look at exactly how much I earned from Google's ADSense revenue system and compare it to my earnings as a Teacher. Which job earned more money? Did I make the right decision to quit my job and follow my YouTube dream?
支持頻道: https://www.patreon.com/lifeintaiwan2017
Music: Sophomore Makeout - Silent Partner https://youtu.be/g2HzEvU1roY
earnings revenue 在 DJ Macky Suson Youtube 的精選貼文
#MackySuson
I started a YouTube Channel For the Young Talented Filipinos.
Today, I will be talking more about on "Why I Started My YouTube Channel".
As you all know, the Philippines is full of passionate and talented young artists. However, most of these youths are intimidated or discouraged to push through their dreams as artists or creatives because of one main reason- lack of resources and equipment to help them develop their skills or talents.
Being able to experience that myself when I was younger, I am dedicating the next decade of my life helping these future generations. I want to establish a foundation where young singers, dancers, actors, creative writers, movie makers and music producers can be supported. I want to help enhance and expand their crafts and gifts and work together to build a community for the future of the Filipino entertainment industry.
Please help me spread my cause by sharing my contents, subscribing, liking and commenting on Youtube and Facebook. The revenue or earnings from these platforms will be saved and used to make this a reality.
Gadgets used: GoproHero8 GoproLightMod GoProMediaMod FinalCutPro MacbookPro15inch
earnings revenue 在 小楠 Curtis 的投資成長空間 Youtube 的精選貼文
剛剛出來的2020第一季度財報顯示Netflix 訂閱人數急增1600萬!在2020 NFLX到底是不是好的投資呢?
財報數據連結:
https://www.businessinsider.com/netflix-q1-2020-earnings-analysis-subscribers-revenue-eps-2020-4
https://s22.q4cdn.com/959853165/files/doc_financials/2020/q1/updated/FINAL-Q1-20-Shareholder-Letter.pdf
https://variety.com/2020/digital/news/netflix-2020-content-spending-17-billion-1203469237/
https://eresearch.fidelity.com/eresearch/evaluate/snapshot.jhtml?symbols=NFLX
1000美金抽獎!🎉🎉
券商: Webull 微牛 (美國/中國/馬來西亞)
https://act.webull.com/kol-us/share.html?inviteCode=59FZmmdIWDPo&source=main
想開結投資的朋友只要在4月和5月使用我的連結在微牛開戶和入金$100美金。 我會在在5月結束時再次抽出一位朋友送出$1000美金!
免費平台下載:
https://www.webull.com/zh/introduce
加入小楠會員頻道:
https://www.youtube.com/channel/UC8AA0Ao2ZHxNWZu0ZFdRZxw/join
在這裡追蹤我:
https://www.instagram.com/curtiswongkl/
訂閱我的頻道 追蹤美國投資的免費資料
https://www.youtube.com/channel/UC8AA0Ao2ZHxNWZu0ZFdRZxw?sub_confirmation=1
本文所提供的信息僅供一般參考之用,並不構成任何個人化的投資勸誘或建議