【Couch Investor】Adobe财报大捷却暴跌7%，AI是红利还是诅咒？

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大家好，欢迎回到今天的视频

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在今天的视频中

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我们有Adobe

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该公司公布了季度财报

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我们有财报数据

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我们有财报评分

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这已经结束了

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我们有一位CEO

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他在公司任职十八年

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他决定辞职

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股价现在下跌了

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截至拍摄时为七点

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到底出了什么问题

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哪些方面做得对

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我们将讨论所有内容，包括Mercado Libre

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Mercado Libre也大幅下跌

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周四当天走势疲软

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那里发生了什么

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如你所知

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我热爱Mercado Libre

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我其实很喜欢很多拉丁美洲品牌

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这并非唯一吸引我的点

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我真的很不喜欢说话

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如果我说话

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让我们专注于股票分析

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让我们专注于股票分析

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首先我们谈谈市场情况

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然后我们先分析Adobe

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在此处我们看到

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油价仍维持在96美元

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从当时开始逐渐回升

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回落至80美元以下

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周四的市场表现非常糟糕

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如你所见整体呈现大幅下跌

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甚至出现深红色跌幅

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我们无需逐一分析每个板块

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科技巨头普遍下跌

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半导体行业下跌

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金融科技板块下跌

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新云服务领域下跌

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周四市场表现极差

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是的

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你可以看到Salesforce上涨2.6%

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但盘后交易中

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目前却下跌

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实际下跌约1%

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如果我现在停止

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你看

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Adobe下跌了7.2%

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Salesforce下跌了1%

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然后其余基本持平或略有波动

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绿色基准线目前持平

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实际上曾上涨了2%多

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当报告发布时

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整体均超出预期

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但基准线将在周五视频中讨论

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Adobe下跌7.2%

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这里到底发生了什么

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这已经是只股票了

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已经下跌了3.9%

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过去五年间

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过去一年下跌3%

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8.4%

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正经历显著回撤

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实际上相同幅度

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年至今股价已下跌19-20%

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市值接近1000亿美元

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这是一家高盈利公司

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从过去十二个月的利润率可见

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但当前利润率如何

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这是一家非常盈利的公司

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仍在增长

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我们看到增长略有加速

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所以到底怎么回事

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我们来讨论一下

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如果你喜欢这类视频请

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点击所有按钮会很感激

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如果能进一步支持我

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请查看描述中的链接

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在评论区置顶推荐前十佳

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或访问full.com/goch-investor

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非常感谢

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再次来看这里

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财政AI

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描述和置顶评论有链接

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享15%折扣

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如果你是新用户

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前两周免费获得Fiscal Pro

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如何获取网格视图

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这是新功能

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移除我

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看看这里

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通常会显示所有数据

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这不是好的网格视图

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网格视图大幅提升

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并排查看

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所以我们能得到什么

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我在这里设置了边距

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只是为了展示这是一家目前非常盈利的公司

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目前尚未出现任何裂痕

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谈到整个AI故事

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我们这里有营业利润率

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过去十二个月

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我们可以按每个季度来计算

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或许按季度看会更明显

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营业利润率

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37.7%

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这里有所小幅改善

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自由现金流利润率略有下降

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但这是本季度的情况

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通常会有小幅下降

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但仍然保持45.6%

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毛利润率

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89.6%

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净利润率

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29.5%

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过去十二个月保持稳定

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然后是EDM利润率

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40.5%和自由现金流

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如您所见

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我说

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自由现金流仍在持续增长

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是的

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根据季度有所波动

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但这家公司仍产生大量自由现金流

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接下来是收入分析

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您可以清楚看到

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这是一家收入

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持续向右增长的公司

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不再是超高速增长公司

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不

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这家公司实现了复合增长

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过去几年的增长率

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10.9% 看这里

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增长11.9%

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目前增长有所加速

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这家公司的表现目前良好

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整体情况有所改善

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实际上在本季度

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指引也很正常 所以再次

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出了什么问题

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Adobe 出了什么问题

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是否纯粹

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因为CEO再次离职

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是的

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这肯定影响了股价

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因为你在这家公司任职十八年

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你现在正处于

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当然在这样一个时期

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围绕Adobe商业模式和未来有很多疑问

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由于AI工具和AI图像生成的兴起

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视频生成

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你随便举个例子，现在连CO都辞职了

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是的

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这可能足以让股价下跌

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但再次强调这不是我们

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或者你为Adobe支付了过高价格

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实际上恰恰相反

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这里的市盈率已大幅下降

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现在并不高

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是的

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这不是一家高速增长的公司

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但它也不是被高估为超高速增长的公司

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它被定价为不再增长

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或即将出现增长放缓

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很快会看到利润率受压

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目前并非如此

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正如我之前所说

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现在我们处于一个市场

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括号里的内容确实存在

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所谓的末日危机

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或所有这些声明

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确实存在

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这里的问题在于反方论点

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加上证据

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答案尚未出现

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即使存在答案

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我们仍缺乏足够数据

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许多公司尚未公布足够季度财报

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可能加速增长

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财报公布

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AI带来的积极影响一旦显现

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届时我们将看到

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我认为可以说

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看看我们现有的所有数据

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以反驳所有看空论点

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目前的问题在于看空论点存在

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你可能不信这些看空论点

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但现阶段我们缺乏数据

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仅凭市场力量要反驳所有论点并消除影响

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如果有的话

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否则你不会看到Adobe、Salesforce等公司

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等等

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被反复大幅打压

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因此让我们关注几个关键指标

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看看是否出现增长加速

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总收入

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是的

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与上一季度相比，收入呈现增长，管理层特别指出收入表现

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得益于AI使用率提升和ARR到收入转化效率改善

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订阅收入加速增长与AI优先战略的推进密切相关

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至于业务方面

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专业及消费者订阅业务保持中等规模运营

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得益于Acrobat Express的推动

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Acrobat Studio和AI助手的创意营销活动

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专业订阅业务增长12%

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表现稳健

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基础增长率为11%

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2%

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剔除库存业务部分，同比增长10.9%

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库存业务部分对整体表现略有拖累

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嗯，表现

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这就是你看到的情况

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Adobe总收入增长10.9%

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剔除库存业务

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我们的增长率应为11.2%

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略有加速

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AI优先ARR同比增长3倍

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明显加速

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预计将成为下一个十亿美元级业务

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AP和原生应用ARR同比增长30%

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强劲增长超公司平均，Gen Studio ARR同比增30%

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内容领域加速

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供应链与需求增长及Firefly ARR达2.5亿美元以上

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环比增长75%

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这里显示出非常快速的加速

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但基数较小

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因此他们提供了更多详细信息

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如你所见

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总的来说

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目前仍是一家表现稳健的公司，专注自身需求

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或许这就是关键

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或许市场需要更多超越基本需求的内容

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回到主要论点

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存在看空观点

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仅做必要之事无法反驳看空论

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要反驳看空论需要

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各领域均呈现加速增长

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AI全面助力业务发展

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AI推动业务加速

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吸引更多人进入生态系统

242
00:09:25,210 --> 00:09:27,909
在生态系统内消费更多

243
00:09:27,909 --> 00:09:29,860
等等

244
00:09:29,860 --> 00:09:33,659
当然，CEO离职

245
00:09:33,659 --> 00:09:34,799
并不理想

246
00:09:34,799 --> 00:09:37,230
时机可能不太合适

247
00:09:37,230 --> 00:09:38,350
但这就是现状

248
00:09:38,350 --> 00:09:39,110
他强调道

249
00:09:39,110 --> 00:09:41,710
同时Adobe仍是一家以产品为核心的企业

250
00:09:41,710 --> 00:09:44,039
专注于AI创意与营销

251
00:09:44,039 --> 00:09:47,940
财年26战略及目标无任何调整

252
00:09:47,940 --> 00:09:50,059
这也是我们需要讨论的内容

253
00:09:50,059 --> 00:09:55,549
因为这是财年26二季度指引及全年指引

254
00:09:55,549 --> 00:09:57,110
这一指引已再次确认

255
00:09:57,110 --> 00:09:59,809
二季度业绩也略超预期

256
00:09:59,809 --> 00:10:02,340
但问题在于

257
00:10:02,340 --> 00:10:04,200
我回头再重复一遍

258
00:10:04,200 --> 00:10:05,139
问题不在于

259
00:10:05,139 --> 00:10:06,750
这些数据不够理想

260
00:10:06,750 --> 00:10:08,230
问题在于

261
00:10:08,230 --> 00:10:13,340
这些数据市场早已预期

262
00:10:13,340 --> 00:10:14,360
再次为了

263
00:10:14,360 --> 00:10:17,080
反驳看空论调

264
00:10:17,208 --> 00:10:23,808
或许全年指引需要大幅上调以展现更强韧性

265
00:10:23,808 --> 00:10:26,809
目前仅维持确认

266
00:10:26,809 --> 00:10:27,250
当然

267
00:10:27,250 --> 00:10:32,479
所有数据均排除Semrush收购影响

268
00:10:32,479 --> 00:10:33,458
所以是的

269
00:10:33,458 --> 00:10:35,278
目前为止一切顺利

270
00:10:35,278 --> 00:10:38,980
一季度回购810万股

271
00:10:38,980 --> 00:10:43,419
剩余389亿美元在250亿美元授权额度内

272
00:10:43,419 --> 00:10:43,820
所以是的

273
00:10:43,820 --> 00:10:44,639
在此期间

274
00:10:44,639 --> 00:10:46,099
若股价被低估

275
00:10:46,099 --> 00:10:49,278
他们当然持续回购大量股份

276
00:10:49,278 --> 00:10:50,669
大量股份

277
00:10:50,669 --> 00:10:54,649
为何股价下跌？预期与现实不符

278
00:10:54,649 --> 00:10:57,970
财年26指引维持未调高

279
00:10:57,970 --> 00:11:00,210
市场期待业绩延续超预期

280
00:11:00,210 --> 00:11:03,230
ARR增速仅约11%

281
00:11:03,230 --> 00:11:04,279
不计股票影响

282
00:11:04,279 --> 00:11:06,299
非AI超级引擎叙事

283
00:11:06,299 --> 00:11:08,700
并存的 cannibalization 视角

284
00:11:08,700 --> 00:11:14,649
核心业务4.5亿美元收入下滑超预期

285
00:11:14,649 --> 00:11:16,870
市场压力或将加剧

286
00:11:16,870 --> 00:11:18,269
传统业务收入让步

287
00:11:18,269 --> 00:11:23,750
投资者担忧护城河侵蚀风险待观察

288
00:11:27,409 --> 00:11:29,350
所以是的

289
00:11:29,350 --> 00:11:29,750
它

290
00:11:29,750 --> 00:11:31,210
这是艰难局面

291
00:11:31,210 --> 00:11:32,169
因为目前

292
00:11:32,169 --> 00:11:32,909
正如我们所见

293
00:11:32,909 --> 00:11:38,879
很难指出业务受挫的具体时间点

294
00:11:38,879 --> 00:11:40,600
若观察营收增长

295
00:11:40,600 --> 00:11:41,159
是的

296
00:11:41,159 --> 00:11:43,799
增长率预计将放缓

297
00:11:43,799 --> 00:11:48,179
基于市场预期或异性预期

298
00:11:48,179 --> 00:11:50,980
但公司仍在增长

299
00:11:50,980 --> 00:11:53,600
利润率仍在略有改善

300
00:11:53,600 --> 00:11:55,940
营业利润率也在逐步提升

301
00:11:55,940 --> 00:11:56,659
是的

302
00:11:56,659 --> 00:12:00,700
这仍是能产生数十亿美元自由现金流的公司

303
00:12:00,700 --> 00:12:03,500
虽然增幅不大

304
00:12:03,500 --> 00:12:05,730
这也是个问题

305
00:12:05,730 --> 00:12:07,649
高盈利确实很棒

306
00:12:07,649 --> 00:12:09,610
但核心目标应该是

307
00:12:09,610 --> 00:12:10,879
继续增长

308
00:12:10,879 --> 00:12:13,460
但或许要更注重盈利

309
00:12:13,460 --> 00:12:17,659
尤其是在AI时代

310
00:12:17,659 --> 00:12:18,720
没错为什么

311
00:12:18,720 --> 00:12:22,120
为什么我们不每年观察

312
00:12:22,120 --> 00:12:27,990
为什么我们不该看到自由现金流大幅增长

313
00:12:27,990 --> 00:12:30,809
若看至财年28年

314
00:12:30,809 --> 00:12:32,389
确实如此

315
00:12:32,389 --> 00:12:33,490
增长良好

316
00:12:33,490 --> 00:12:35,129
但增速有限

317
00:12:35,129 --> 00:12:36,009
从收入来看

318
00:12:36,009 --> 00:12:40,850
基于当前预期收入增长将显著放缓

319
00:12:40,850 --> 00:12:41,210
没错

320
00:12:41,210 --> 00:12:45,600
财年28年预计增长7.7%

321
00:12:45,600 --> 00:12:47,559
看自由现金流

322
00:12:47,559 --> 00:12:48,440
自由现金流

323
00:12:48,440 --> 00:12:56,620
从约103亿美元增至116亿美元

324
00:12:56,620 --> 00:12:57,259
所以是的

325
00:12:57,259 --> 00:12:58,600
市场仍抱有期待

326
00:12:58,600 --> 00:13:00,860
或许需要更多证据

327
00:13:00,860 --> 00:13:03,700
AI将成为业务的助力

328
00:13:03,700 --> 00:13:04,960
而非阻力

329
00:13:04,960 --> 00:13:07,159
目前我们处于这个阶段

330
00:13:07,159 --> 00:13:08,139
以Adobe为例

331
00:13:08,139 --> 00:13:09,919
已接近底部

332
00:13:09,919 --> 00:13:12,610
2月底时

333
00:13:12,610 --> 00:13:14,450
这是Citini事件

334
00:13:14,450 --> 00:13:15,190
低点

335
00:13:15,190 --> 00:13:18,809
这是大幅下跌4.6%的大阴线

336
00:13:18,809 --> 00:13:19,169
是的

337
00:13:19,169 --> 00:13:19,889
这就是底部

338
00:13:19,889 --> 00:13:24,220
Salesforce等公司也处于类似位置

339
00:13:24,220 --> 00:13:28,399
RI明日可能严重超卖

340
00:13:28,399 --> 00:13:29,679
可能轻微超卖

341
00:13:29,679 --> 00:13:31,919
视日内走势而定

342
00:13:31,919 --> 00:13:32,539
但确实

343
00:13:32,539 --> 00:13:37,460
将回到此前见底价位

344
00:13:37,460 --> 00:13:39,909
这意味着最后一次

345
00:13:39,909 --> 00:13:45,230
上次见到此价位是2019年3月

346
00:13:45,350 --> 00:13:47,990
这简直难以置信，因为

347
00:13:47,990 --> 00:13:52,278
当然，公司在此期间已增加数十亿美元的利润

348
00:13:52,278 --> 00:13:54,619
自由现金流和收入显著增长

349
00:13:54,619 --> 00:13:55,119
不过啊

350
00:13:55,119 --> 00:13:56,519
目前增速正在放缓

351
00:13:56,519 --> 00:13:58,909
预计仍将保持增长

352
00:13:58,909 --> 00:14:01,049
增速也会略有下降

353
00:14:01,049 --> 00:14:05,850
另一家股票今日下跌了4.8%

354
00:14:05,850 --> 00:14:06,850
实际跌幅略高于此

355
00:14:06,850 --> 00:14:09,639
回到自2024年12月未见的价位

356
00:14:09,639 --> 00:14:14,669
在此我们也看到

357
00:14:14,669 --> 00:14:15,909
过去数月大幅下跌

358
00:14:15,909 --> 00:14:20,460
Mercado Libre

359
00:14:20,460 --> 00:14:21,820
你知道的

360
00:14:21,820 --> 00:14:22,700
我热爱Mercado Libre

361
00:14:22,700 --> 00:14:23,940
我欣赏其管理执行能力

362
00:14:23,940 --> 00:14:25,879
所以这里发生了什么呢

363
00:14:25,879 --> 00:14:28,438
这里发生的情况很简单

364
00:14:28,438 --> 00:14:30,328
这里的情况非常简单

365
00:14:30,328 --> 00:14:32,629
摩根士丹利下调评级至中性并下调

366
00:14:32,629 --> 00:14:34,808
目标价至2100美元

367
00:14:34,808 --> 00:14:38,828
这仍比当前股价高约500美元

368
00:14:38,828 --> 00:14:40,068
他们怎么说

369
00:14:40,068 --> 00:14:42,089
这位分析师怎么说

370
00:14:42,089 --> 00:14:44,668
关键要点竞争依然激烈

371
00:14:44,668 --> 00:14:47,828
尤其是Shoppify在巴西愿意牺牲利润率

372
00:14:47,828 --> 00:14:49,788
这也是为何表现

373
00:14:49,788 --> 00:14:50,208
呃

374
00:14:50,208 --> 00:14:52,500
自上次财报后已下滑

375
00:14:52,500 --> 00:14:54,809
但周五我们再讨论

376
00:14:54,809 --> 00:14:57,690
主要保持较高投资水平

377
00:14:57,690 --> 00:15:00,120
下调盈利能力预期

378
00:15:00,120 --> 00:15:01,019
并无新意

379
00:15:01,019 --> 00:15:02,360
我们之前就讨论过

380
00:15:02,360 --> 00:15:05,019
这不是首次进入投资周期

381
00:15:05,019 --> 00:15:06,839
肯定也不会是最后一次

382
00:15:06,839 --> 00:15:08,019
我们将见证结果

383
00:15:08,019 --> 00:15:09,038
一次又一次

384
00:15:09,038 --> 00:15:11,309
业务只会越来越好

385
00:15:11,309 --> 00:15:15,230
分析师下调2026年目标至15%

386
00:15:15,230 --> 00:15:19,799
2024年第一季度下调24%

387
00:15:19,799 --> 00:15:22,100
2026年利润率展望

388
00:15:22,100 --> 00:15:25,220
持续投资导致可见度受限

389
00:15:25,220 --> 00:15:29,610
巴西Shoppify持续竞争压力

390
00:15:29,610 --> 00:15:31,129
长期利润率假设

391
00:15:31,129 --> 00:15:34,389
从17%下调至14%

392
00:15:34,389 --> 00:15:34,889
呃

393
00:15:34,889 --> 00:15:36,149
当前模型显示

394
00:15:36,149 --> 00:15:38,539
核心问题在于

395
00:15:38,899 --> 00:15:41,919
这位分析师可能或可能

396
00:15:41,919 --> 00:15:43,759
长期以来一直关注这家公司

397
00:15:43,759 --> 00:15:46,019
我假设他这里有这个

398
00:15:46,019 --> 00:15:47,399
利润超出预期

399
00:15:47,399 --> 00:15:49,379
由于持续的投资支出

400
00:15:49,379 --> 00:15:51,100
听着你不是

401
00:15:51,100 --> 00:15:53,850
相信管理层在做正确的事

402
00:15:53,850 --> 00:15:55,049
基于其业绩记录

403
00:15:55,049 --> 00:15:56,929
基于他们目前的解释

404
00:15:56,929 --> 00:15:57,990
或者你不是

405
00:15:57,990 --> 00:16:00,330
如果你看市场的业绩记录

406
00:16:00,330 --> 00:16:02,710
这是其中最好的之一

407
00:16:02,710 --> 00:16:04,779
我认为这是唯一一家

408
00:16:04,779 --> 00:16:06,820
唯一一家公开上市的公司

409
00:16:06,820 --> 00:16:13,450
在美国成功实现营收年增长超30%长达

410
00:16:13,450 --> 00:16:17,059
我认为是连续28个季度

411
00:16:17,299 --> 00:16:18,679
对我来说

412
00:16:18,679 --> 00:16:19,840
如果问我

413
00:16:19,840 --> 00:16:21,399
这又是肯定的

414
00:16:21,399 --> 00:16:23,919
现在这是绝佳机会

415
00:16:23,919 --> 00:16:28,320
不要期待今年或明年会成十倍股

416
00:16:28,320 --> 00:16:29,839
这是你应该买入的

417
00:16:29,839 --> 00:16:31,399
并长期持有

418
00:16:31,399 --> 00:16:32,458
未来许多年

419
00:16:32,458 --> 00:16:34,538
我同样会说新持股

420
00:16:34,538 --> 00:16:36,919
我同样会说A.C.有限

421
00:16:36,919 --> 00:16:37,840
这些都是股票

422
00:16:37,840 --> 00:16:42,480
这些公司正在做市场应做的事

423
00:16:42,480 --> 00:16:45,669
当然市场不喜欢短期冲击

424
00:16:45,669 --> 00:16:47,409
当谈到利润率和增加支出时

425
00:16:47,409 --> 00:16:48,289
以及所有这些

426
00:16:48,289 --> 00:16:51,419
但对公司长期前景

427
00:16:51,419 --> 00:16:51,940
是的

428
00:16:51,940 --> 00:16:53,220
我认为这是必须的

429
00:16:53,220 --> 00:16:55,600
这是明智之举

430
00:16:55,600 --> 00:16:59,779
因为这将确保业务未来更强大

431
00:16:59,779 --> 00:17:01,179
如果情况如此

432
00:17:01,179 --> 00:17:01,860
那么是的

433
00:17:01,860 --> 00:17:06,509
我认为1667美元买米

434
00:17:06,509 --> 00:17:08,348
或14美元买新

435
00:17:08,348 --> 00:17:10,868
或不知CE80的价格

436
00:17:10,868 --> 00:17:12,088
目前88美元

437
00:17:12,088 --> 00:17:16,190
未来将绝对物超所值

438
00:17:16,190 --> 00:17:17,450
最后一点

439
00:17:17,450 --> 00:17:19,950
我们较少覆盖的公司

440
00:17:19,950 --> 00:17:24,349
但任天堂股价近期受挫

441
00:17:24,349 --> 00:17:25,670
过去几个月

442
00:17:25,670 --> 00:17:27,069
过去几天

443
00:17:27,069 --> 00:17:28,970
我们看到有所反弹

444
00:17:28,970 --> 00:17:30,170
为什么呢

445
00:17:30,170 --> 00:17:35,660
宝可梦新作备受关注

446
00:17:35,660 --> 00:17:38,299
这是一款所谓的宝可梦游戏

447
00:17:38,299 --> 00:17:40,720
动物森友会融合版

448
00:17:40,720 --> 00:17:42,819
正如你在这里看到的

449
00:17:42,819 --> 00:17:46,700
任天堂Switch平台《宝可梦：庞奇》全球销量

450
00:17:46,700 --> 00:17:50,680
首四天突破220万份

451
00:17:50,680 --> 00:17:54,759
这正成为全球最受欢迎的游戏之一

452
00:17:54,759 --> 00:17:57,538
我认为任天堂方面可能会说

453
00:17:57,538 --> 00:17:57,739
哦

454
00:17:57,739 --> 00:17:59,640
但我不知道

455
00:17:59,640 --> 00:18:01,480
谷歌发布了Genie Studio

456
00:18:01,480 --> 00:18:02,259
或者其他什么

457
00:18:02,259 --> 00:18:04,529
所有这些Unity引擎

458
00:18:04,529 --> 00:18:05,970
所有这些游戏公司

459
00:18:05,970 --> 00:18:09,670
任天堂也受到影响确实如此

460
00:18:09,670 --> 00:18:11,910
你可以修改马里奥赛车的代码

461
00:18:11,910 --> 00:18:14,349
你可以修改宝可梦游戏的代码吗

462
00:18:14,349 --> 00:18:17,789
我现在谈论宝可梦这件事很可能意味着

463
00:18:17,789 --> 00:18:20,250
我会收到任天堂的邮件

464
00:18:20,250 --> 00:18:23,039
试图起诉我谈论他们的知识产权

465
00:18:23,039 --> 00:18:25,299
你看你无法窃取

466
00:18:25,299 --> 00:18:28,279
你无法复制任天堂的知识产权

467
00:18:28,279 --> 00:18:31,500
就像你无法复制迪士尼的知识产权

468
00:18:31,500 --> 00:18:33,059
或任何其他公司的知识产权

469
00:18:33,059 --> 00:18:34,799
仅仅因为你是个自由开发者

470
00:18:34,799 --> 00:18:36,180
这不会发生

471
00:18:36,180 --> 00:18:37,539
任天堂的知识产权

472
00:18:37,539 --> 00:18:42,210
他们拥有全球最流行的品牌之一

473
00:18:42,210 --> 00:18:45,130
任天堂Switch主机是销量最好的

474
00:18:45,130 --> 00:18:47,950
如果不是史上最畅销的主机

475
00:18:47,950 --> 00:18:50,628
任天堂Switch的销量

476
00:18:50,628 --> 00:18:52,769
我以为它能更早发布

477
00:18:52,769 --> 00:18:55,019
我们也要坦诚

478
00:18:55,019 --> 00:18:59,119
它并没有带来我预期的革命性进步

479
00:18:59,119 --> 00:19:04,619
但它仍是近年来最畅销的游戏主机之一

480
00:19:04,619 --> 00:19:08,839
不知道已经卖了多少年了

481
00:19:08,839 --> 00:19:10,319
如果你是任天堂的投资者

482
00:19:10,319 --> 00:19:11,680
或对此感兴趣

483
00:19:11,680 --> 00:19:12,900
如果你想了解更多

484
00:19:12,900 --> 00:19:15,059
请在下方评论区告诉我

485
00:19:15,059 --> 00:19:17,130
总而言之是的

486
00:19:17,130 --> 00:19:18,190
过去几天里

487
00:19:18,190 --> 00:19:20,210
我们度过了美好的绿色交易日

488
00:19:20,210 --> 00:19:24,519
尤其是当Nebu股价上涨16%或15%的那天

489
00:19:24,519 --> 00:19:26,339
其他股票也一片绿色

490
00:19:26,339 --> 00:19:27,660
但正如我们所说

491
00:19:27,660 --> 00:19:29,960
更大的波动即将到来

492
00:19:29,960 --> 00:19:32,619
而这正是我们现在看到的

493
00:19:32,619 --> 00:19:34,319
我认为这类交易日

494
00:19:34,319 --> 00:19:34,700
是的

495
00:19:34,700 --> 00:19:36,019
你有机会

496
00:19:36,019 --> 00:19:38,740
你有很多机会在

497
00:19:38,740 --> 00:19:41,339
这些小市值翻倍股不仅

498
00:19:41,339 --> 00:19:42,619
就连大公司中

499
00:19:42,619 --> 00:19:45,140
即使是看visa和万事达卡

500
00:19:45,140 --> 00:19:46,009
一个fico

501
00:19:46,009 --> 00:19:46,650
一个meta

502
00:19:46,650 --> 00:19:47,809
当然还有微软

503
00:19:47,809 --> 00:19:48,390
英伟达

504
00:19:48,390 --> 00:19:52,920
这些大公司名字极具吸引力

505
00:19:52,920 --> 00:19:53,700
是的

506
00:19:53,700 --> 00:19:55,660
我不觉得风险太大

507
00:19:55,660 --> 00:19:57,920
因为你在买入高盈利公司

508
00:19:57,920 --> 00:20:01,269
这些公司未来几年仍有望大幅增长

509
00:20:01,269 --> 00:20:04,490
我认为现在它们能带来市场超越收益

510
00:20:04,490 --> 00:20:05,529
它们会跌得更低吗

511
00:20:05,529 --> 00:20:05,869
是的

512
00:20:05,869 --> 00:20:06,589
当然有可能

513
00:20:06,589 --> 00:20:06,950
我不知道

514
00:20:06,950 --> 00:20:08,319
我没有水晶球

515
00:20:08,319 --> 00:20:09,640
但在我看来

516
00:20:09,640 --> 00:20:10,319
对我来说

517
00:20:10,319 --> 00:20:13,920
这感觉是个充满机会的市场

518
00:20:13,920 --> 00:20:15,480
总的来说就是这样

519
00:20:15,480 --> 00:20:16,279
在这期视频中

520
00:20:16,279 --> 00:20:18,059
告诉我你对adobe季度的看法

521
00:20:18,059 --> 00:20:19,079
你是股东吗

522
00:20:19,079 --> 00:20:20,140
你要继续买入吗

523
00:20:20,140 --> 00:20:22,920
你要卖出吗？关于mercado libre

524
00:20:22,920 --> 00:20:24,819
在评论区分享你的观点

525
00:20:24,819 --> 00:20:26,220
在下一期再见

526
00:20:26,220 --> 00:20:27,059
拜拜

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