<p>凯西·伍德最近几周放慢了交易的步伐，但这位方舟投资的创始人兼首席执行官在周四忙碌起来。她为方舟的激进增长交易所交易基金（ETFs）进行了几笔购买。</p>
<p>伍德在周四的一些显著购买包括 <strong>Figma</strong>(FIG -2.61%)、<strong>Amazon</strong>(AMZN -0.41%) 和 <strong>Toast</strong>(TOST -1.25%)。她增加了对这三只股票的持仓。让我们仔细看看。</p>
<h2>1. Figma</h2>
<p>自上个月初以来，Figma 一直是市场上受打击最严重的股票之一，但这位夏季新秀却并没有成为破产的首次公开募股（IPO）。这家为数字平台提供基于云的设计工具的公司在 7 月底以每股 33 美元的价格上市。Figma 的股票在交易的第二天几乎达到了 143 美元的高点，但今天却跌至中位数的 50 美元。到周四收盘时，股价从峰值下跌了 61%，但如果你幸运地参与了实际的 IPO，收益则达到了 70%。大多数投资者并没有参与，因为该发行的认购超额达 40 倍。</p>
<p>这并不是市场第一次对 Figma 在股市中产生剧烈反应。当 <strong>Adobe</strong>(ADBE -0.12%) 在 2022 年宣布以 200 亿美元收购这家在线设计专家时，Adobe 的市值在消息发布后的前三天内损失了 350 亿美元。该交易最终未能完成，但并不是因为市场的冷淡反应。两家公司在 15 个月后同意终止交易，因为海外的审查使得该交易不太可能获得监管批准。Adobe 随后推出了自己的基于矢量的网站和移动应用设计工具 Adobe XD。Figma 在这个夏天上市，承销商将其定价在接近最初 200 亿美元估值的水平。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzMzNTAvZ2V0dHlnYW1lci5qcGVnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzMzNTAvZ2V0dHlnYW1lci5qcGVnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<p>Figma 拥有吸引增长投资者的许多因素。它是一项人工智能（AI）投资，因为这些工具依赖于 AI 来生成用户体验和用户界面设计。它也是一匹黑马。去年收入增长了 48%，并且在今年前两个季度保持在 40% 以上的增长。它是盈利的，至少在调整后是盈利的。市场已经逆转了大部分——但不是全部——最初的狂热上涨。</p>
<p>伍德在 7 月 31 日的 IPO 中为方舟投资者入场。周四是她第四次增加该持仓。该股票并不便宜，交易时市销率为 30 倍，市盈率为 117 倍。分析师还预计未来两年收入将显著放缓。他们目前预测明年的收入增长为 23%，在接下来的两年中将放缓至高个位数的增长。显然，伍德将最近的回调视为买入机会，但她在之前三次增加持仓时并没有准确把握底部。</p>
<h2>2. Amazon</h2>
<p>伍德并不是想通过周四的亚马逊购买来精准把握底部。这家全球领先的在线零售商目前距离其在 2 月份创下的历史高点仅有 5% 的差距。</p>
<p>亚马逊的业务增长速度并没有 Figma 那么快。最新季度的净销售额增长了 13%。这看起来不算很多，但实际上超过了过去三年中 9%-12% 的增长水平。收入报表的另一端则表现更强劲。净收入增长超过预期，达到了 33%。其高利润率的亚马逊网络服务（AWS）云业务以 18% 的收入增长超过了其电子商务部门，这也有所帮助。</p>
<p>对于 “七大奇迹” 中的工作马亚马逊，其估值倍数自然低于 Figma。它们处于不同的增长周期。如果将亚马逊视为技术服务提供商而不仅仅是在线零售商，那么尽管市场风向标接近其峰值，估值倍数仍然相对合理。</p>
<h2>3. Toast</h2>
<p>最后，我们来为 Toast 举杯。作为餐厅运营商的销售点平台提供商，Toast 对那些常去餐馆的人来说并不陌生。它不仅仅是一个点单和最终结算交易的设备。Toast 帮助餐厅管理第三方外卖应用订单、客户忠诚度计划、工资单以及无数的后台解决方案。</p>
<p>如果你在过去的财报季节查看餐饮股票，你会发现情况并不乐观。许多标志性连锁店的同店销售额出现了负增长，整个行业对任何潜在的经济放缓都很脆弱。然而，Toast 在数量上弥补了这一点。它现在服务于 148,000 个不同的地点，比去年增长了 24%。最新季度的总支付量增长了 23%，这表明平均餐厅的销售额与一年前持平，但 Toast 现在正在扩展其业务，这将使其在行业再次增长时变得更具竞争力。与此同时，Toast 通过其模型的可扩展性实现了盈利，最新财报显示净收入增长了五倍。</p>

亚马逊

亚马逊每日 2 倍做多 ETF - Direxion

<p>凯西·伍德（Cathie Wood），阿克投资（Ark Invest）的首席执行官，为她的激进增长型 ETF 进行了几项显著的股票购买，包括 Figma、亚马逊和 Toast。尽管 Figma 的股价从峰值下跌了 61%，但其去年收入增长了 48%，显示出强劲的增长潜力。亚马逊的表现依然良好，净销售额增长了 13%，净收入增长了 33%。Toast 作为一个餐厅的销售点平台，显著扩大了其覆盖范围，服务于 148,000 个地点，毛支付量增长了 23%</p>

<p>Cathie Wood has slowed the pace of her transactions in recent weeks, but the founder CEO of Ark Invest got busy on Thursday. She made several purchases for Ark's family of aggressive growth exchange-traded funds (ETFs).</p>
<div class="lb-trans"><p>凯西·伍德最近几周放慢了交易的步伐，但这位方舟投资的创始人兼首席执行官在周四忙碌起来。她为方舟的激进增长交易所交易基金（ETFs）进行了几笔购买。</p>
</div><p>Some of the more notable buys for Wood on Thursday include <strong>Figma</strong>(FIG -2.61%), <strong>Amazon</strong>(AMZN -0.41%), and <strong>Toast</strong>(TOST -1.25%). She added to existing positions in all three stocks. Let's take a closer look.</p>
<div class="lb-trans"><p>伍德在周四的一些显著购买包括 <strong>Figma</strong>(FIG -2.61%)、<strong>Amazon</strong>(AMZN -0.41%) 和 <strong>Toast</strong>(TOST -1.25%)。她增加了对这三只股票的持仓。让我们仔细看看。</p>
</div><h2>1. Figma</h2>
<div class="lb-trans"><h2>1. Figma</h2>
</div><p>Figma has been one of the market's hardest-hit stocks since the start of last month, but the summertime debutante is somehow not a broken IPO. The provider of cloud-based design tools for digital platforms hit the market in late July at $33 a share. Figma stock traded almost as high as $143 on its second day of trading, only to fall down the mid-$50s today. The shares have plummeted 61% from their peak through Thursday's close, but you're up 70% if you were fortunate enough to get in on the actual IPO. Most investors didn't, as the offering was 40 times oversubscribed.</p>
<div class="lb-trans"><p>自上个月初以来，Figma 一直是市场上受打击最严重的股票之一，但这位夏季新秀却并没有成为破产的首次公开募股（IPO）。这家为数字平台提供基于云的设计工具的公司在 7 月底以每股 33 美元的价格上市。Figma 的股票在交易的第二天几乎达到了 143 美元的高点，但今天却跌至中位数的 50 美元。到周四收盘时，股价从峰值下跌了 61%，但如果你幸运地参与了实际的 IPO，收益则达到了 70%。大多数投资者并没有参与，因为该发行的认购超额达 40 倍。</p>
</div><p>This isn't the first time that the market has had a volatile reaction to Figma in the stock market. When <strong>Adobe</strong>(ADBE -0.12%) announced a $20 billion deal to acquire the online design specialist in 2022, shares of Adobe would go on to surrender $35 billion in market cap in the first three days following the news. The deal never closed, but not because of the market's chilly reception. Both companies would agree to terminate the deal 15 months later, as scrutiny overseas made it unlikely that it would clear regulatory approval. Adobe would go on to roll out its own vector-based website and mobile app design tool, Adobe XD. Figma would hit the market this summer, with underwriters pricing the offering at a valuation just shy of the original $20 billion price tag.</p>
<div class="lb-trans"><p>这并不是市场第一次对 Figma 在股市中产生剧烈反应。当 <strong>Adobe</strong>(ADBE -0.12%) 在 2022 年宣布以 200 亿美元收购这家在线设计专家时，Adobe 的市值在消息发布后的前三天内损失了 350 亿美元。该交易最终未能完成，但并不是因为市场的冷淡反应。两家公司在 15 个月后同意终止交易，因为海外的审查使得该交易不太可能获得监管批准。Adobe 随后推出了自己的基于矢量的网站和移动应用设计工具 Adobe XD。Figma 在这个夏天上市，承销商将其定价在接近最初 200 亿美元估值的水平。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzMzNTAvZ2V0dHlnYW1lci5qcGVnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F833350%2Fgettygamer.jpeg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>Figma has a lot of what attracts growth investors. It's an artificial intelligence (AI) play, as the tools lean on AI to generate user experience and user interface designs. It's also a speedster. Revenue rose a hearty 48% last year, and it has stayed above 40% top-line growth through the first two quarters of this year. It's profitable, at least on an adjusted basis. The market has simply reversed most -- but not all -- of its initial euphoric pop.</p>
<div class="lb-trans"><p>Figma 拥有吸引增长投资者的许多因素。它是一项人工智能（AI）投资，因为这些工具依赖于 AI 来生成用户体验和用户界面设计。它也是一匹黑马。去年收入增长了 48%，并且在今年前两个季度保持在 40% 以上的增长。它是盈利的，至少在调整后是盈利的。市场已经逆转了大部分——但不是全部——最初的狂热上涨。</p>
</div><p>Wood got in on the July 31 IPO for Ark investors. Thursday was the fourth time that she had added to that position. The shares aren't cheap, trading at 30 times sales and 117 times trailing earnings. Analysts also see revenue decelerating markedly in the next couple of years. They are currently modeling a 23% increase on the top line next year, slowing to revenue gains in the high teens in each of the two following years. Wood obviously sees the recent pullback as a buying opportunity, but she didn't nail the bottom the three previous times that she added to her stake.</p>
<div class="lb-trans"><p>伍德在 7 月 31 日的 IPO 中为方舟投资者入场。周四是她第四次增加该持仓。该股票并不便宜，交易时市销率为 30 倍，市盈率为 117 倍。分析师还预计未来两年收入将显著放缓。他们目前预测明年的收入增长为 23%，在接下来的两年中将放缓至高个位数的增长。显然，伍德将最近的回调视为买入机会，但她在之前三次增加持仓时并没有准确把握底部。</p>
</div><h2>2. Amazon</h2>
<div class="lb-trans"><h2>2. Amazon</h2>
</div><p>Wood isn't trying to nail the bottom with Thursday's Amazon purchase. The world's leading online retailer is currently within 5% of hitting the all-time high it scored back in February.</p>
<div class="lb-trans"><p>伍德并不是想通过周四的亚马逊购买来精准把握底部。这家全球领先的在线零售商目前距离其在 2 月份创下的历史高点仅有 5% 的差距。</p>
</div><p>Amazon isn't growing its business as quickly as Figma. Net sales rose 13% in its latest quarter. This may not seem like a lot, but it's actually ahead of the 9%-12% growth it has posted in each of past three years. The upticks get stronger at the other end of the income statement. Net income soared a better-than-expected 33%. Having its higher-margin Amazon Web Services (AWS) cloud business outpace its e-commerce segment with 18% in revenue growth for the quarter helps.</p>
<div class="lb-trans"><p>亚马逊的业务增长速度并没有 Figma 那么快。最新季度的净销售额增长了 13%。这看起来不算很多，但实际上超过了过去三年中 9%-12% 的增长水平。收入报表的另一端则表现更强劲。净收入增长超过预期，达到了 33%。其高利润率的亚马逊网络服务（AWS）云业务以 18% 的收入增长超过了其电子商务部门，这也有所帮助。</p>
</div><p>The valuation multiples are understandably lower for &#34;Magnificent Seven&#34; workhorse Amazon than they are for Figma. They are at different points in their growth cycles. If you approach Amazon as a tech services provider instead of simply an online retailer, the multiples are even relatively reasonable despite the market bellwether trading near its peak.</p>
<div class="lb-trans"><p>对于 “七大奇迹” 中的工作马亚马逊，其估值倍数自然低于 Figma。它们处于不同的增长周期。如果将亚马逊视为技术服务提供商而不仅仅是在线零售商，那么尽管市场风向标接近其峰值，估值倍数仍然相对合理。</p>
</div><h2>3. Toast</h2>
<div class="lb-trans"><h2>3. Toast</h2>
</div><p>Finally, we can make a toast to Toast. The provider of point-of-sale platforms for restaurant operators is familiar to those who frequent eateries. It's not just an order-taking and ultimately transaction-settling device. Toast helps restaurants manage third-party delivery app orders, customer loyalty programs, payroll, and countless back-of-the-house solutions.</p>
<div class="lb-trans"><p>最后，我们来为 Toast 举杯。作为餐厅运营商的销售点平台提供商，Toast 对那些常去餐馆的人来说并不陌生。它不仅仅是一个点单和最终结算交易的设备。Toast 帮助餐厅管理第三方外卖应用订单、客户忠诚度计划、工资单以及无数的后台解决方案。</p>
</div><p>If you checked in on restaurant stocks this past earnings season, you saw that it wasn't pretty. Many iconic chains posted negative comps, and the industry is vulnerable to any potential economic softening. However, Toast is making it up in volume. It now serves 148,000 different locations, a 24% increase over the past year. Gross payment volume rising 23% in its latest quarter suggests that the average restaurant is just trying to sell as much as it did a year ago, but the fact that Toast is stretching its wings now will make it that much better when the industry itself starts to grow again. In the meantime, Toast is cashing in on the scalability of its model with net income rising fivefold in its latest financial update.</p>
<div class="lb-trans"><p>如果你在过去的财报季节查看餐饮股票，你会发现情况并不乐观。许多标志性连锁店的同店销售额出现了负增长，整个行业对任何潜在的经济放缓都很脆弱。然而，Toast 在数量上弥补了这一点。它现在服务于 148,000 个不同的地点，比去年增长了 24%。最新季度的总支付量增长了 23%，这表明平均餐厅的销售额与一年前持平，但 Toast 现在正在扩展其业务，这将使其在行业再次增长时变得更具竞争力。与此同时，Toast 通过其模型的可扩展性实现了盈利，最新财报显示净收入增长了五倍。</p>
</div>

Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

- Cathie Wood 近期加大对 Figma、Amazon 和 Toast 的投资。  
- Figma 股价自上市以来下跌 61%，但仍吸引增长投资者。  
- Amazon 和 Toast 分别实现 13% 和 23% 的收入增长，展现出良好市场潜力。

凯西·伍德开始寻找投资机会：她刚刚买入的 3 只股票