帕加亚技术有限公司 (PGY) - 公司为金融生态系统构建人工智能基础设施 [1] - 公司Zacks评级为1（强力买入） [1] - 过去60天内，公司当前年度盈利的Zacks共识预期上调5.6% [1] - 公司股价在过去三个月上涨80%，同期标普500指数上涨8.1% [2] - 公司动量得分为A [2] 康宁公司 (GLW) - 公司开发玻璃技术，生产用于多个市场广泛应用的高级玻璃基板 [2] - 公司Zacks评级为1（强力买入） [2] - 过去60天内，公司当前年度盈利的Zacks共识预期上调5.1% [2] - 公司股价在过去三个月上涨55.2%，同期标普500指数上涨8.1% [3] - 公司动量得分为A [3] 携程集团 (TCOM) - 公司为一站式旅行服务平台，提供移动应用、网站及24/7客服中心 [3] - 公司Zacks评级为1（强力买入） [3] - 过去60天内，公司当前年度盈利的Zacks共识预期上调3.9% [3] - 公司股价在过去三个月上涨30.4%，同期标普500指数上涨8.1% [4] - 公司动量得分为B [4]

公司概况 - 公司是全球领先的在线旅游解决方案提供商，旗下运营Expedia、Vrbo和Travelocity等多个平台，连接旅客与数千家住宿和航班提供商 [1] - 公司为全球用户和酒店合作伙伴提供无缝的行程规划和预订体验，利用技术推动旅游创新和全球互联 [2] - 公司市值达277亿美元，属于大盘股 [2] 财务业绩 - 第二季度总预订额同比增长5%至304.1亿美元 [5] - 第二季度收入同比增长6%至37.9亿美元，高于华尔街预期的37.1亿美元 [5] - 第二季度调整后每股收益为4.24美元，同比增长21%，高于华尔街预期的4.14美元 [5] - 基于强劲业绩，公司将2025年总预订额和收入增长指引从2%-4%上调至3%-5% [6] 股价表现 - 股价较52周高点229美元下跌2.5% [3] - 过去三个月股价上涨35.6%，同期Invesco动态休闲娱乐ETF回报率为14%，显示公司股票表现优于行业组别 [3] - 过去52周股价上涨55.2%，年初至今上涨20%，同期Invesco动态休闲娱乐ETF分别上涨30.1%和18.5% [4] - 尽管存在波动，但自去年以来股价主要交易于50日和200日移动平均线之上 [4] - 第二季度财报发布后次日，股价日内上涨4.1% [5] 行业比较 - 公司股票在过去52周内上涨25.5%，表现优于竞争对手Tripadvisor [6]

投资方法论 - 投资策略为纯多头投资 从公司运营和买入持有的角度评估企业[1] - 分析不关注市场驱动动态和未来价格走势 而是聚焦于运营层面[1] - 核心是理解公司的长期盈利能力及其所在行业的竞争格局[1] - 投资标的选择标准是无论未来价格如何波动都愿意长期持有的公司[1] - 大部分研究报告结论为持有 只有极少数公司在特定时点符合买入标准[1] - 持有类文章为未来投资者提供重要信息 并对普遍看涨的市场保持审慎态度[1] 分析师持仓披露 - 分析师通过股票、期权或其他衍生品对TOUR股票持有有益的多头头寸[2]

Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive dynamics of the industries where they participate, and buying companies that we would like to hold independently of how the price moves in the future. Most QC calls will be holds, and that is by design. Only a very sm ...

TRENDING: This Industry Is Flashing Gargantuan Market-Size Estimates As the major stock indexes reached new heights Friday, Tripadvisor (TRIP) and Argan (AGX) joined the stock market's advance and touched new highs. Tripadvisor stock reached a level not seen since May 2024, and Argan shares have increased fivefold since their March 2024 base breakout. Nu Holdings (NU) also hit a high as it looked to climb for six out of… Related news Dow Jones Futures: Market Eyes High As Jobs Report Looms, Broadcom Soars; ...

We came across a bullish thesis on Trip.com Group Limited on X.com by pandawatch88. In this article, we will summarize the bulls’ thesis on TCOM. Trip.com Group Limited 's share was trading at $72.50 as of September 10th. TCOM’s trailing and forward P/E were 19.96 and 17.33 respectively according to Yahoo Finance. Viking Holdings (VIK): "Smooth Sailing Ahead!" – Jim Cramer on This Cruise Line’s Future Photo by Mesut Kaya on Unsplash Trip.com Group Ltd. (TCOM) presents a compelling investment case, despi ...

The global economy continues to face challenges amid stubborn inflation, tariff woes, and even geopolitical tensions. With that, it's not surprising to see softer discretionary spending on travel and restaurants. Even so, some companies still boast stability with their well-diversified andI have been working in the logistics sector for almost two decades. I have been into stock investing and macroeconomic analysis for almost a decade. Currently, I focus on ASEAN and NYSE/NASDAQ Stocks, particularly in banks ...

The global economy continues to face challenges amid stubborn inflation, tariff woes, and even geopolitical tensions. With that, it's not surprising to see softer discretionary spending on travel and restaurants. Even so, some companies still boast stability with their well-diversified andI have been working in the logistics sector for almost two decades. I have been into stock investing and macroeconomic analysis for almost a decade. Currently, I focus on ASEAN and NYSE/NASDAQ Stocks, particularly in banks ...

公司财务表现 - 途牛公司ROIC为1.27% WACC为14.54% 资本回报率显著低于资本成本[1][2][6] - 猎豹移动ROIC为-17.63% WACC为3.63% 呈现严重负回报状况[3] - 乐居控股ROIC为-540.32% WACC为366.63% 显示资本使用效率极度低下[4] 同业比较分析 - 行业普遍面临资本回报挑战 五家公司ROIC均未能覆盖WACC[5][6] - 迅雷公司ROIC与WACC比值为-0.408 在同行中最接近盈亏平衡点[5] - 凤凰新媒体ROIC与WACC比值为-1.757 表现优于乐居但逊于迅雷[5] 资本效率评估 - 途牛ROIC与WACC比值为0.088 表明公司未能创造超过融资成本的价值[2][6] - 猎豹移动ROIC与WACC比值为-4.861 资本效率远低于途牛[3] - 乐居控股ROIC与WACC比值为-1.47 虽然比值负值较小但绝对数值差距巨大[4]

监管约谈事件 - 郑州市市场监管局于2025年9月17日对携程旅行网运营主体进行行政约谈 原因系违反《电子商务法》第三十五条及《网络反不正当竞争暂行规定》第二十四条 涉及利用协议及技术手段对平台内经营者交易及价格进行不合理限制 [1] - 监管部门已于2025年9月4日下达《责令改正通知书》 要求企业完成合同条款修订、调价工具优化等整改任务 并建立长效合规机制 [1] 平台整改要求 - 要求携程旅行网建立健全常态化法律法规学习机制 提升中高层及一线运营人员合规能力 [2] - 需彻底纠正不合理限制行为 尊重商户自主经营权 针对"强制开通、无法退出"等问题进行整改 [2] - 严禁利用技术手段操控价格或限制交易 必须保障平台内经营者自主定价权 [2] 监管持续措施 - 郑州市市场监管局将持续跟踪整改进展 依法开展验收检查 督促企业落实主体责任 [2] - 约谈旨在维护公平竞争市场秩序 保障平台内经营者合法权益 [1][2]