<p>凱西·伍德最近幾周放慢了交易的步伐，但這位方舟投資的創始人兼首席執行官在週四忙碌起來。她為方舟的激進增長交易所交易基金（ETFs）進行了幾筆購買。</p>
<p>伍德在週四的一些顯著購買包括 <strong>Figma</strong>(FIG -2.61%)、<strong>Amazon</strong>(AMZN -0.41%) 和 <strong>Toast</strong>(TOST -1.25%)。她增加了對這三隻股票的持倉。讓我們仔細看看。</p>
<h2>1. Figma</h2>
<p>自上個月初以來，Figma 一直是市場上受打擊最嚴重的股票之一，但這位夏季新秀卻並沒有成為破產的首次公開募股（IPO）。這家為數字平台提供基於雲的設計工具的公司在 7 月底以每股 33 美元的價格上市。Figma 的股票在交易的第二天幾乎達到了 143 美元的高點，但今天卻跌至中位數的 50 美元。到週四收盤時，股價從峯值下跌了 61%，但如果你幸運地參與了實際的 IPO，收益則達到了 70%。大多數投資者並沒有參與，因為該發行的認購超額達 40 倍。</p>
<p>這並不是市場第一次對 Figma 在股市中產生劇烈反應。當 <strong>Adobe</strong>(ADBE -0.12%) 在 2022 年宣佈以 200 億美元收購這家在線設計專家時，Adobe 的市值在消息發佈後的前三天內損失了 350 億美元。該交易最終未能完成，但並不是因為市場的冷淡反應。兩家公司在 15 個月後同意終止交易，因為海外的審查使得該交易不太可能獲得監管批准。Adobe 隨後推出了自己的基於矢量的網站和移動應用設計工具 Adobe XD。Figma 在這個夏天上市，承銷商將其定價在接近最初 200 億美元估值的水平。</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>圖片來源：Getty Images。</p>
<p>Figma 擁有吸引增長投資者的許多因素。它是一項人工智能（AI）投資，因為這些工具依賴於 AI 來生成用户體驗和用户界面設計。它也是一匹黑馬。去年收入增長了 48%，並且在今年前兩個季度保持在 40% 以上的增長。它是盈利的，至少在調整後是盈利的。市場已經逆轉了大部分——但不是全部——最初的狂熱上漲。</p>
<p>伍德在 7 月 31 日的 IPO 中為方舟投資者入場。週四是她第四次增加該持倉。該股票並不便宜，交易時市銷率為 30 倍，市盈率為 117 倍。分析師還預計未來兩年收入將顯著放緩。他們目前預測明年的收入增長為 23%，在接下來的兩年中將放緩至高個位數的增長。顯然，伍德將最近的回調視為買入機會，但她在之前三次增加持倉時並沒有準確把握底部。</p>
<h2>2. Amazon</h2>
<p>伍德並不是想通過週四的亞馬遜購買來精準把握底部。這家全球領先的在線零售商目前距離其在 2 月份創下的歷史高點僅有 5% 的差距。</p>
<p>亞馬遜的業務增長速度並沒有 Figma 那麼快。最新季度的淨銷售額增長了 13%。這看起來不算很多，但實際上超過了過去三年中 9%-12% 的增長水平。收入報表的另一端則表現更強勁。淨收入增長超過預期，達到了 33%。其高利潤率的亞馬遜網絡服務（AWS）雲業務以 18% 的收入增長超過了其電子商務部門，這也有所幫助。</p>
<p>對於 “七大奇蹟” 中的工作馬亞馬遜，其估值倍數自然低於 Figma。它們處於不同的增長週期。如果將亞馬遜視為技術服務提供商而不僅僅是在線零售商，那麼儘管市場風向標接近其峯值，估值倍數仍然相對合理。</p>
<h2>3. Toast</h2>
<p>最後，我們來為 Toast 舉杯。作為餐廳運營商的銷售點平台提供商，Toast 對那些常去餐館的人來説並不陌生。它不僅僅是一個點單和最終結算交易的設備。Toast 幫助餐廳管理第三方外賣應用訂單、客户忠誠度計劃、工資單以及無數的後台解決方案。</p>
<p>如果你在過去的財報季節查看餐飲股票，你會發現情況並不樂觀。許多標誌性連鎖店的同店銷售額出現了負增長，整個行業對任何潛在的經濟放緩都很脆弱。然而，Toast 在數量上彌補了這一點。它現在服務於 148,000 個不同的地點，比去年增長了 24%。最新季度的總支付量增長了 23%，這表明平均餐廳的銷售額與一年前持平，但 Toast 現在正在擴展其業務，這將使其在行業再次增長時變得更具競爭力。與此同時，Toast 通過其模型的可擴展性實現了盈利，最新財報顯示淨收入增長了五倍。</p>

亞馬遜

亞馬遜每日 2 倍做多 ETF - Direxion

<p>凱西·伍德（Cathie Wood），阿克投資（Ark Invest）的首席執行官，為她的激進增長型 ETF 進行了幾項顯著的股票購買，包括 Figma、亞馬遜和 Toast。儘管 Figma 的股價從峯值下跌了 61%，但其去年收入增長了 48%，顯示出強勁的增長潛力。亞馬遜的表現依然良好，淨銷售額增長了 13%，淨收入增長了 33%。Toast 作為一個餐廳的銷售點平台，顯著擴大了其覆蓋範圍，服務於 148,000 個地點，毛支付量增長了 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>凱西·伍德最近幾周放慢了交易的步伐，但這位方舟投資的創始人兼首席執行官在週四忙碌起來。她為方舟的激進增長交易所交易基金（ETFs）進行了幾筆購買。</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>伍德在週四的一些顯著購買包括 <strong>Figma</strong>(FIG -2.61%)、<strong>Amazon</strong>(AMZN -0.41%) 和 <strong>Toast</strong>(TOST -1.25%)。她增加了對這三隻股票的持倉。讓我們仔細看看。</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>自上個月初以來，Figma 一直是市場上受打擊最嚴重的股票之一，但這位夏季新秀卻並沒有成為破產的首次公開募股（IPO）。這家為數字平台提供基於雲的設計工具的公司在 7 月底以每股 33 美元的價格上市。Figma 的股票在交易的第二天幾乎達到了 143 美元的高點，但今天卻跌至中位數的 50 美元。到週四收盤時，股價從峯值下跌了 61%，但如果你幸運地參與了實際的 IPO，收益則達到了 70%。大多數投資者並沒有參與，因為該發行的認購超額達 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>這並不是市場第一次對 Figma 在股市中產生劇烈反應。當 <strong>Adobe</strong>(ADBE -0.12%) 在 2022 年宣佈以 200 億美元收購這家在線設計專家時，Adobe 的市值在消息發佈後的前三天內損失了 350 億美元。該交易最終未能完成，但並不是因為市場的冷淡反應。兩家公司在 15 個月後同意終止交易，因為海外的審查使得該交易不太可能獲得監管批准。Adobe 隨後推出了自己的基於矢量的網站和移動應用設計工具 Adobe XD。Figma 在這個夏天上市，承銷商將其定價在接近最初 200 億美元估值的水平。</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>圖片來源：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 擁有吸引增長投資者的許多因素。它是一項人工智能（AI）投資，因為這些工具依賴於 AI 來生成用户體驗和用户界面設計。它也是一匹黑馬。去年收入增長了 48%，並且在今年前兩個季度保持在 40% 以上的增長。它是盈利的，至少在調整後是盈利的。市場已經逆轉了大部分——但不是全部——最初的狂熱上漲。</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 中為方舟投資者入場。週四是她第四次增加該持倉。該股票並不便宜，交易時市銷率為 30 倍，市盈率為 117 倍。分析師還預計未來兩年收入將顯著放緩。他們目前預測明年的收入增長為 23%，在接下來的兩年中將放緩至高個位數的增長。顯然，伍德將最近的回調視為買入機會，但她在之前三次增加持倉時並沒有準確把握底部。</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>伍德並不是想通過週四的亞馬遜購買來精準把握底部。這家全球領先的在線零售商目前距離其在 2 月份創下的歷史高點僅有 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>亞馬遜的業務增長速度並沒有 Figma 那麼快。最新季度的淨銷售額增長了 13%。這看起來不算很多，但實際上超過了過去三年中 9%-12% 的增長水平。收入報表的另一端則表現更強勁。淨收入增長超過預期，達到了 33%。其高利潤率的亞馬遜網絡服務（AWS）雲業務以 18% 的收入增長超過了其電子商務部門，這也有所幫助。</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>對於 “七大奇蹟” 中的工作馬亞馬遜，其估值倍數自然低於 Figma。它們處於不同的增長週期。如果將亞馬遜視為技術服務提供商而不僅僅是在線零售商，那麼儘管市場風向標接近其峯值，估值倍數仍然相對合理。</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>最後，我們來為 Toast 舉杯。作為餐廳運營商的銷售點平台提供商，Toast 對那些常去餐館的人來説並不陌生。它不僅僅是一個點單和最終結算交易的設備。Toast 幫助餐廳管理第三方外賣應用訂單、客户忠誠度計劃、工資單以及無數的後台解決方案。</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>如果你在過去的財報季節查看餐飲股票，你會發現情況並不樂觀。許多標誌性連鎖店的同店銷售額出現了負增長，整個行業對任何潛在的經濟放緩都很脆弱。然而，Toast 在數量上彌補了這一點。它現在服務於 148,000 個不同的地點，比去年增長了 24%。最新季度的總支付量增長了 23%，這表明平均餐廳的銷售額與一年前持平，但 Toast 現在正在擴展其業務，這將使其在行業再次增長時變得更具競爭力。與此同時，Toast 通過其模型的可擴展性實現了盈利，最新財報顯示淨收入增長了五倍。</p>
</div>

Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

- Cathie Wood 近期加大對 Figma、Amazon 和 Toast 的投資。  
- Figma 股價自上市以來下跌 61%，但仍吸引增長投資者。  
- Amazon 和 Toast 分別實現 13% 和 23% 的收入增長，展現出良好市場潛力。

凱西·伍德開始尋找投資機會：她剛剛買入的 3 只股票