文章核心观点 - 小额投资有可能在股市中变成百万财富，但需足够长持有期且这种巨额收益罕见，关键是找到能长期存续并持续盈利的股票，耐心是关键 [1][2][17] 各公司情况 沃尔玛（Walmart） - 1962年开设第一家店，80年代年销售额达十亿美元，去年总销售额6810亿美元，自由现金流127亿美元 [6] - 1982年8月投资1000美元，到2025年4月可获得百万回报，虽有增长缓慢阶段，但电商销售成功使股价再次飙升 [6][7] 微软（Microsoft） - 1990年1月投资1000美元，约35年可成为百万富翁，同年推出首个商业成功版Windows系统 [9] - 受家用电脑普及、互联网泡沫和云计算、人工智能发展推动，股价分阶段上涨 [10] 苹果（Apple） - 2002年10月投资1000美元可实现千倍回报，受益于与微软相同的长期趋势，时间更短 [12][13] - 凭借iMac、iPod起步，用iPhone、iPad征服移动计算市场，苹果商店树立高效奢侈品零售标准 [13] 奈飞（Netflix） - 2003年3月投资1000美元是四个案例中最快实现百万回报的，用红色DVD邮件改写视频租赁规则，后转向数字视频流服务 [15] - 疫情封锁期业务飙升，后向广告支持订阅转型重回正轨，股价再创新高 [15]

NIO Inc. (NIO) , XPeng Inc. (XPEV) and Li Auto (LI) , leading smart electric vehicle (EV) companies headquartered in China, recently reported their respective delivery results for April 2025.NIO delivered 23,900 vehicles in April 2025, demonstrating 53% growth on a year-over-year basis. The total deliveries comprised 19,269 units of premium smart EV brand NIO, 4,400 units of family-oriented smart EV brand ONVO, and the company’s small smart high-end electric car brand, Firefly, which started deliveries in C ...

Friday, May 2, 2025On this final trading day of the latest Jobs Week, a fresh Employment Situation Report has hit the tape from the U.S. Bureau of Labor Statistics (BLS) for the month of April. What we see is a headline +177K new jobs filled last month, above the +133K analysts had expected. The Unemployment Rate remained at +4.2%, as anticipated.While this is a good headline number, with considerably more jobs than needed to make up a wide swath of new retirees (roughly 100K per month), we also see some do ...

Jack Henry & Associates, Inc. (JKHY) is scheduled to report third-quarter fiscal 2025 results after market close on May 5.For the fiscal third quarter, the Zacks Consensus Estimate for sales is pegged at $586.14 million, indicating growth of 8.84% from the prior-year quarter’s reported figure.The consensus mark for earnings is pegged at $1.30 per share, suggesting an increase of 9.24% from the year-ago quarter’s reported figure.The company’s earnings surpassed the Zacks Consensus Estimate in each of the tra ...

Terex (TEX) reported $1.23 billion in revenue for the quarter ended March 2025, representing a year-over-year decline of 4.9%. EPS of $0.83 for the same period compares to $1.60 a year ago.The reported revenue represents a surprise of +0.64% over the Zacks Consensus Estimate of $1.22 billion. With the consensus EPS estimate being $0.49, the EPS surprise was +69.39%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

Franklin Resources (BEN) reported $2.11 billion in revenue for the quarter ended March 2025, representing a year-over-year decline of 1.9%. EPS of $0.47 for the same period compares to $0.56 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.98 billion, representing a surprise of +6.66%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.47.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Zscaler, Inc. (ZS) stock has climbed 18.2% in the past month, outperforming the Zacks Security industry’s return of 14.8%. With Zscaler's massive rise in the past month, investors now face a key decision: Should they hold on to the stock or book profit?Zscaler One Month Performance ChartImage Source: Zacks Investment ResearchRising Traction in Cybersecurity Aids ZscalerThe demand for Zscaler’s cybersecurity solutions remains strong, driven by the rising threats of nation-state cyber warfare, ransomware exto ...

文章核心观点 - 公司2025年第一季度调整后每股收益未达预期但同比增长，净收入未达预期且同比下降，股价盘前下跌，各业务板块表现有差异，公司给出积极业绩指引 [1][8] 第一季度业绩情况 整体业绩 - 调整后每股收益56美分，未达Zacks共识预期36.36%，同比增长19.1% [1] - 净收入57.7亿美元，未达共识预期6.65%，同比下降3.1% [1] - 消费者支出变化影响收入增长，股价盘前下跌21.29% [1] 收入结构 - 交易收入15.5亿美元，占净收入26.9%，同比增长2.6%，其中Square生态系统贡献14.8亿美元，同比增长5.9%，Cash App贡献6620万美元，同比下降39.4% [2] - 订阅和服务收入18.9亿美元，占净收入32.8%，同比增长12.4% [3] - 硬件收入2870万美元，占净收入0.5%，同比下降11.7% [3] - 比特币收入23亿美元，占净收入39.9%，同比下降15.7% [3] 支付指标 - 总支付额（GPV）568亿美元，同比增长4.4%，其中Square的GPV为541亿美元，同比增长7.2%，美国GPV增长5.6%，国际GPV增长15%（按固定汇率计算增长21%） [3] - Cash App的GPV为27亿美元，同比下降32% [4] - BNPL平台商品交易总额同比增长13%至103亿美元 [4] 运营情况 - 毛利润同比增长9.3%至22.9亿美元，其中Square毛利润8.979亿美元，同比增长9.5%，Cash App毛利润13.8亿美元，同比增长9.6% [5] - Cash App每月交易活跃用户毛利润同比增长9%至81美元 [5] - BNPL平台毛利润同比增长14%至2.37亿美元 [5] - 调整后EBITDA为8.128亿美元，同比增长15.3% [5] - 运营费用18.4亿美元，同比增长5.1% [6] - 调整后运营收入4.663亿美元，运营利润率8.1%，同比扩大200个基点 [6] 资产负债表 - 截至2024年3月31日，现金及现金等价物余额70.9亿美元，高于2024年12月31日的81亿美元 [7] - 截至2024年3月31日，长期债务51亿美元，环比未变 [7] - 2025年第一季度回购680万股A类普通股，花费4.45亿美元，截至2025年3月31日，当前授权下还有40亿美元可用 [7] 业绩指引 第二季度指引 - 预计毛利润24.5亿美元，同比增长9.5%，调整后运营收入4.5亿美元，运营利润率18% [8] - Zacks共识预期第二季度收入65.9亿美元，同比增长7.07%，每股收益1美元，同比增长7.53% [9] 2025年全年指引 - 预计毛利润99.6亿美元，较2024年报告数据增长12%，不利外汇因素预计使毛利润减少50个基点 [9] - 调整后运营收入预计为19亿美元，运营利润率19% [10] 评级与相关股票 - 公司目前Zacks排名为3（持有） [11] - Affirm、Compass和Dayforce是Zacks计算机与技术板块中排名较好的股票，Affirm排名为1（强力买入），Compass和Dayforce排名为2（买入） [11] - Affirm和Compass定于5月8日公布2025年第一季度业绩，Dayforce定于5月7日公布 [12]

Live Nation Entertainment, Inc.'s (LYV) reported first-quarter 2025 results, wherein the bottom line surpassed the Zacks Consensus Estimate, but revenues missed the same.The company’s results in the quarter were impacted by dismal Concerts and Ticketing revenues. However, LYV continues to benefit from the pent-up demand for live events. Live music continues to gain momentum heading into what could be a record-breaking 2025 summer concert season. Through mid-April, Live Nation has already sold 95 million tic ...

文章核心观点 公司过去一年表现优于行业和同行，受益于生成式AI热潮，但受高运营费用、竞争、行业周期性及ATS业务疲软等因素影响，不过凭借强劲盈利表现和有利评级，仍有望实现股价进一步上涨，投资者此时投资或可获利 [1][3][8][14] 公司表现 - 过去一年股价涨幅达98.8%，优于行业36.4%的涨幅，也超过Flex Ltd.的26.7%和Jabil Inc.的25.9% [1] - 过去四个季度平均盈利惊喜为7.4%，VGM评分为A，目前Zacks排名为2（买入） [13] 业务优势 - 拥有多元化产品组合，在制造领域有超25年经验，有简化优化的全球网络，致力于提供下一代云优化数据存储和行业领先网络解决方案 [2] - 受益于生成式AI热潮，AI/ML计算和网络产品需求强劲，提供高性能800G网络交换机、存储解决方案及光子结构等产品 [3] - 整合下一代网络产品与硅光子封装解决方案，优化供应链以缩短上市时间，数据中心交换机与光收发器可处理大量网络流量 [4] 盈利预期 - 2025年盈利预测在过去60天内上调5.7%至5.05美元，2026年上调2.4%至6.07美元 [6] - 上调2025年业绩指引，预计收入108.5亿美元，非GAAP运营利润率7.2%，非GAAP调整后每股收益5美元 [7] 面临挑战 - 产品复杂，研发成本高，高运营费用压缩利润率，影响公司前景 [8] - 面临来自行业巨头和区域小公司的激烈竞争，半导体行业周期性带来压力 [9] - ATS业务过去几个季度持续疲软，工业终端市场库存水平高阻碍净销售增长，宏观经济挑战构成威胁 [9][12] 未来展望 - 随着产量增加和成本降低，硅光子技术在多个行业的应用可能大幅增加 [13]