Meme Stocks AMC and GameStop Push Small-Cap Benchmark Higher

The Wall Street Journal2021-09-13

The Russell 2000 value index is among those that have advanced with help from the run-up in meme stocks this year AMC Entertainment Holdings’ rally of more than 2,000% this year has helped propel the ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeme Stocks AMC and GameStop Push Small-Cap Benchmark Higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-13 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/meme-stocks-amc-and-gamestop-push-small-cap-benchmark-higher-11631525580?mod=hp_lead_pos2>The Wall Street Journal</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nThe Russell 2000 value index is among those that have advanced with help from the run-up in meme stocks this year\nAMC Entertainment Holdings’ rally of more than 2,000% this year has helped propel the ...\n\n<a href=\"https://www.wsj.com/articles/meme-stocks-amc-and-gamestop-push-small-cap-benchmark-higher-11631525580?mod=hp_lead_pos2\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC","symbol_name":"AMC院线","start_time":0,"source_url":"https://www.wsj.com/articles/meme-stocks-amc-and-gamestop-push-small-cap-benchmark-higher-11631525580?mod=hp_lead_pos2","article_id":"1130452257","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1130452257","pubTimestamp":1631536243,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"The Russell 2000 value index is among those that have advanced with help from the run-up in meme sto","collect":0,"end_time":0,"defaultTopTitle":"wsj.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","GME":"游戏驿站"},"translate_title":"模因股AMC和游戏驿站推动小盘股基准走高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":0.9,"AMC":0.9,"GME":0.9,".DJI":0.9,".SPX":0.9},"content_text":"The Russell 2000 value index is among those that have advanced with help from the run-up in meme stocks this year\nAMC Entertainment Holdings’ rally of more than 2,000% this year has helped propel the Russell 2000 value index.\nMeme stocks are distorting the way some investors see parts of the market.\nThe Russell 2000 value index, designed to follow shares of small companies that are viewed as bargains relative to the rest of the market, is up 21% this year. Meanwhile, the Russell 2000 growth index, populated with companies whose earnings are expected to flourish faster than the rest of the market, has increased only 5%.\nLook to another set of indexes, though, and a different picture emerges: The S&P 500 growth index, for example, is outperforming its value peer by around 6 percentage points in the year to date.\nWhat gives? The Russell 2000 value index’s gains this year have been powered by some meme stocks such as AMC Entertainment Holdings Inc.That stock’s rally of more than 2,000% this year has helped the Russell 2000 value index outperform the Russell 2000 growth benchmark by the widest margin since 2002, according to Dow Jones Market Data.\nOf course, many investors have embraced value stocks this year. They have snapped up shares of cyclical companies and ones in corners of the market benefiting from a booming economy. The S&P 500 value index is up around 15% this year.\nBut the meme companies have had an outsize effect in some indexes. Take GameStop Corp., which became a battleground stock earlier this year as individual investors drove the retailers’ shares ever higher. After those gains, GameStop was dropped from the Russell 2000 value index in June. Even so, it remains the second-biggest contributor to that index this year. AMC is first, according to calculations by investment firm AJOVista. Small-cap value investors avoiding the two stocks would have trailed the value gauge by almost 2 percentage points in 2021.\n\nAMC still belongs to the value index, puzzling some investors who say that it is a misfit. Shares of AMC already appear pricey after their meteoric gains this year, according to some investors.\n“It doesn’t make sense,” said Chris Covington, head of investments at AJOVista. “It’s really all a nuance of the index construction process.”\nFTSE Russell, the index provider, says in materials provided to investors that the value index is designed to include companies with lower price-to-book ratios and lower expected growth in the future.\nA spokeswoman for the index provider didn’t respond to a request for comment.\nAMC’s place in the value index means the movie giant’s shares crop up in exchange-traded funds tracking value stocks. AMC is the biggest holding in the roughly $16 billion iShares Russell 2000 Value ETF — one of the biggest tracking the sector—and the roughly $1 billion Vanguard Russell 2000 Value ETF.\n\nAs of early September, the company’s $22 billion market value made it almost 14 times bigger than the iShares fund’s average holding, according to Dow Jones Market Data. It also is the largest holding in the iShares Russell 2000 ETF, which tracks small companies in the U.S. stock market regardless of whether they are considered value or growth stocks.\nA fact sheet for the Russell 2000 value index says the index is updated annually.\n“It is representative of market demand,” said Stephanie Hill, head of index at Mellon, of meme stocks’ growing influence on the benchmarks.\nAMC’s heft in the value index and several ETFs is the latest sign of how the meme stock craze has upended traditional investing.\nGameStop’s surge this year landed it a promotion to the Russell 1000 growth benchmark, sitting alongside tech heavyweights including Apple Inc.,Tesla Inc. and Microsoft Corp.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":886966377,"gmtCreate":1631544332999,"gmtModify":1631889005620,"author":{"id":"3574824227783735","authorId":"3574824227783735","name":"睡神经病","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3574824227783735","idStr":"3574824227783735"},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/886966377","repostId":1130452257,"repostType":2,"repost":{"id":"1130452257","kind":"news","pubTimestamp":1631536243,"share":"https://www.laohu8.com/m/news/1130452257?lang=zh_CN&edition=full","pubTime":"2021-09-13 20:30","market":"us","language":"en","title":"Meme Stocks AMC and GameStop Push Small-Cap Benchmark Higher<blockquote>Meme股票AMC和游戏驿站推高小盘股基准</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130452257","media":"The Wall Street Journal","summary":"The Russell 2000 value index is among those that have advanced with help from the run-up in meme sto","content":"The Russell 2000 value index is among those that have advanced with help from the run-up in meme stocks this year<blockquote>罗素2000价值指数是今年在模因股票上涨的帮助下上涨的指数之一</blockquote> <img src=\"https://static.tigerbbs.com/f84ac995d72bcad8c107824952687516\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\">AMC Entertainment Holdings’ rally of more than 2,000% this year has helped propel the Russell 2000 value index.<blockquote>AMC院线控股公司今年上涨了2,000%以上，帮助推动了Russell 2000价值指数的上涨。</blockquote> Meme stocks are distorting the way some investors see parts of the market.<blockquote>模因股票正在扭曲一些投资者对部分市场的看法。</blockquote> The Russell 2000 value index, designed to follow shares of small companies that are viewed as bargains relative to the rest of the market, is up 21% this year. Meanwhile, the Russell 2000 growth index, populated with companies whose earnings are expected to flourish faster than the rest of the market, has increased only 5%.<blockquote>罗素2000价值指数旨在跟踪相对于市场其他股票被视为便宜的小公司股票，今年上涨了21%。与此同时，罗素2000增长指数仅上涨了5%，该指数包含了预计盈利将比市场其他公司增长更快的公司。</blockquote> Look to another set of indexes, though, and a different picture emerges: The S&amp;P 500 growth index, for example, is outperforming its value peer by around 6 percentage points in the year to date.<blockquote>不过，看看另一组指数，就会出现不同的情况：例如，标普500增长指数今年迄今为止的表现优于其价值指数约6个百分点。</blockquote> What gives? The Russell 2000 value index’s gains this year have been powered by some meme stocks such as&nbsp;AMC Entertainment Holdings&nbsp;Inc.That stock’s rally&nbsp;of more than 2,000% this year has helped the Russell 2000 value index outperform the Russell 2000 growth benchmark by the widest margin since 2002, according to Dow Jones Market Data.<blockquote>什么给？Russell 2000价值指数今年的上涨受到了AMC院线控股公司等一些模因股票的推动。根据道琼斯市场数据，该股今年上涨了2,000%以上，帮助罗素2000价值指数以2002年以来的最大涨幅跑赢罗素2000增长基准。</blockquote> Of course, many investors have embraced value stocks this year. They have snapped up shares of cyclical companies and ones in corners of the market benefiting from a booming economy. The S&amp;P 500 value index is up around 15% this year.<blockquote>当然，今年很多投资者都拥抱了价值股。他们抢购了周期性公司和受益于经济繁荣的市场角落公司的股票。标普500价值指数今年上涨了15%左右。</blockquote> But the meme companies have had an outsize effect in some indexes. Take&nbsp;GameStop&nbsp;Corp., which&nbsp;became a battleground stock&nbsp;earlier this year as individual investors drove the retailers’ shares ever higher. After those gains, GameStop was dropped from the Russell 2000 value index in June. Even so, it remains the second-biggest contributor to that index this year. AMC is first, according to calculations by investment firm AJOVista. Small-cap value investors avoiding the two stocks would have trailed the value gauge by almost 2 percentage points in 2021.<blockquote>但模因公司对一些指数产生了巨大影响。以游戏驿站为例，今年早些时候，随着个人投资者推动零售商股价不断走高，该公司成为了战场股票。在这些上涨之后，游戏驿站于6月份被从Russell 2000价值指数中剔除。即便如此，它仍然是今年该指数的第二大贡献者。根据投资公司AJOVista的计算，AMC排名第一。2021年，避开这两只股票的小盘价值投资者将落后价值指数近2个百分点。</blockquote> <img src=\"https://static.tigerbbs.com/5bce9618103c4ddb473613a89c3e99c4\" tg-width=\"430\" tg-height=\"557\" width=\"100%\" height=\"auto\"><blockquote></blockquote> AMC still belongs to the value index, puzzling some investors who say that it is a misfit. Shares of AMC already appear pricey after their meteoric gains this year, according to some investors.<blockquote>AMC仍然属于价值指数，这让一些说它是格格不入的投资者感到困惑。一些投资者表示，AMC的股价在今年大幅上涨后已经显得昂贵。</blockquote> “It doesn’t make sense,” said Chris Covington, head of investments at AJOVista. “It’s really all a nuance of the index construction process.”<blockquote>“这没有意义，”AJOVista投资主管克里斯·卡温顿(Chris Covington)表示。“这实际上都是指数构建过程中的细微差别。”</blockquote> FTSE Russell, the index provider, says in materials provided to investors that the value index is designed to include companies with lower price-to-book ratios and lower expected growth in the future.<blockquote>指数提供商富时罗素在向投资者提供的材料中表示，价值指数旨在纳入市净率较低、未来预期增长较低的公司。</blockquote> A spokeswoman for the index provider didn’t respond to a request for comment.<blockquote>该指数提供商的发言人没有回应置评请求。</blockquote> AMC’s place in the value index means the movie giant’s shares crop up in exchange-traded funds tracking value stocks. AMC is the biggest holding in the roughly $16 billion&nbsp;iShares Russell 2000 Value ETF&nbsp;—&nbsp;one of the biggest tracking the sector—and the roughly $1 billion&nbsp;Vanguard Russell 2000 Value ETF.<blockquote>AMC在价值指数中的地位意味着这家电影巨头的股票在追踪价值股的交易所交易基金中突然上涨。AMC是价值约160亿美元的iShares Russell 2000 Value ETF（该行业最大的跟踪基金之一）和价值约10亿美元的Vanguard Russell 2000 Value ETF的最大持股。</blockquote> <img src=\"https://static.tigerbbs.com/3fcf0a80bde8e34cf9ba60fa7cf5111b\" tg-width=\"425\" tg-height=\"557\" width=\"100%\" height=\"auto\"><blockquote></blockquote> As of early September, the company’s $22 billion market value made it almost 14 times bigger than the iShares fund’s average holding, according to Dow Jones Market Data. It also is the largest holding in the&nbsp;iShares Russell 2000 ETF, which tracks small companies in the U.S. stock market regardless of whether they are considered value or growth stocks.<blockquote>根据道琼斯市场数据，截至9月初，该公司220亿美元的市值几乎是iShares基金平均持仓量的14倍。它也是iShares Russell 2000 ETF中最大的持股，该ETF跟踪美国股市的小公司，无论它们是价值股还是成长股。</blockquote> A fact sheet for the Russell 2000 value index says the index is updated annually.<blockquote>罗素2000价值指数的情况说明书称，该指数每年更新一次。</blockquote> “It is representative of market demand,” said Stephanie Hill, head of index at Mellon, of meme stocks’ growing influence on the benchmarks.<blockquote>梅隆大学指数主管斯蒂芬妮·希尔(Stephanie Hill)在谈到模因股票对基准的影响力日益增强时表示：“它代表了市场需求。”</blockquote> AMC’s heft in the value index and several ETFs is the latest sign of how the meme stock craze has&nbsp;upended traditional investing.<blockquote>AMC在价值指数和几只ETF中的分量是模因股票热潮颠覆传统投资的最新迹象。</blockquote> GameStop’s surge this year landed it a promotion to the Russell 1000 growth benchmark, sitting alongside tech heavyweights including&nbsp;Apple&nbsp;Inc.,Tesla&nbsp;Inc.&nbsp;and&nbsp;Microsoft&nbsp;Corp.<blockquote>游戏驿站今年的飙升使其晋升为Russell 1000增长基准，与苹果、特斯拉和微软等科技巨头并列。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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}\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeme Stocks AMC and GameStop Push Small-Cap Benchmark Higher<blockquote>Meme股票AMC和游戏驿站推高小盘股基准</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-09-13 20:30\n\n</h4>\n</header>\n<article>\nThe Russell 2000 value index is among those that have advanced with help from the run-up in meme stocks this year<blockquote>罗素2000价值指数是今年在模因股票上涨的帮助下上涨的指数之一</blockquote> <img src=\"https://static.tigerbbs.com/f84ac995d72bcad8c107824952687516\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\">AMC Entertainment Holdings’ rally of more than 2,000% this year has helped propel the Russell 2000 value index.<blockquote>AMC院线控股公司今年上涨了2,000%以上，帮助推动了Russell 2000价值指数的上涨。</blockquote> Meme stocks are distorting the way some investors see parts of the market.<blockquote>模因股票正在扭曲一些投资者对部分市场的看法。</blockquote> The Russell 2000 value index, designed to follow shares of small companies that are viewed as bargains relative to the rest of the market, is up 21% this year. Meanwhile, the Russell 2000 growth index, populated with companies whose earnings are expected to flourish faster than the rest of the market, has increased only 5%.<blockquote>罗素2000价值指数旨在跟踪相对于市场其他股票被视为便宜的小公司股票，今年上涨了21%。与此同时，罗素2000增长指数仅上涨了5%，该指数包含了预计盈利将比市场其他公司增长更快的公司。</blockquote> Look to another set of indexes, though, and a different picture emerges: The S&amp;P 500 growth index, for example, is outperforming its value peer by around 6 percentage points in the year to date.<blockquote>不过，看看另一组指数，就会出现不同的情况：例如，标普500增长指数今年迄今为止的表现优于其价值指数约6个百分点。</blockquote> What gives? The Russell 2000 value index’s gains this year have been powered by some meme stocks such as&nbsp;AMC Entertainment Holdings&nbsp;Inc.That stock’s rally&nbsp;of more than 2,000% this year has helped the Russell 2000 value index outperform the Russell 2000 growth benchmark by the widest margin since 2002, according to Dow Jones Market Data.<blockquote>什么给？Russell 2000价值指数今年的上涨受到了AMC院线控股公司等一些模因股票的推动。根据道琼斯市场数据，该股今年上涨了2,000%以上，帮助罗素2000价值指数以2002年以来的最大涨幅跑赢罗素2000增长基准。</blockquote> Of course, many investors have embraced value stocks this year. They have snapped up shares of cyclical companies and ones in corners of the market benefiting from a booming economy. The S&amp;P 500 value index is up around 15% this year.<blockquote>当然，今年很多投资者都拥抱了价值股。他们抢购了周期性公司和受益于经济繁荣的市场角落公司的股票。标普500价值指数今年上涨了15%左右。</blockquote> But the meme companies have had an outsize effect in some indexes. Take&nbsp;GameStop&nbsp;Corp., which&nbsp;became a battleground stock&nbsp;earlier this year as individual investors drove the retailers’ shares ever higher. After those gains, GameStop was dropped from the Russell 2000 value index in June. Even so, it remains the second-biggest contributor to that index this year. AMC is first, according to calculations by investment firm AJOVista. Small-cap value investors avoiding the two stocks would have trailed the value gauge by almost 2 percentage points in 2021.<blockquote>但模因公司对一些指数产生了巨大影响。以游戏驿站为例，今年早些时候，随着个人投资者推动零售商股价不断走高，该公司成为了战场股票。在这些上涨之后，游戏驿站于6月份被从Russell 2000价值指数中剔除。即便如此，它仍然是今年该指数的第二大贡献者。根据投资公司AJOVista的计算，AMC排名第一。2021年，避开这两只股票的小盘价值投资者将落后价值指数近2个百分点。</blockquote> <img src=\"https://static.tigerbbs.com/5bce9618103c4ddb473613a89c3e99c4\" tg-width=\"430\" tg-height=\"557\" width=\"100%\" height=\"auto\"><blockquote></blockquote> AMC still belongs to the value index, puzzling some investors who say that it is a misfit. Shares of AMC already appear pricey after their meteoric gains this year, according to some investors.<blockquote>AMC仍然属于价值指数，这让一些说它是格格不入的投资者感到困惑。一些投资者表示，AMC的股价在今年大幅上涨后已经显得昂贵。</blockquote> “It doesn’t make sense,” said Chris Covington, head of investments at AJOVista. “It’s really all a nuance of the index construction process.”<blockquote>“这没有意义，”AJOVista投资主管克里斯·卡温顿(Chris Covington)表示。“这实际上都是指数构建过程中的细微差别。”</blockquote> FTSE Russell, the index provider, says in materials provided to investors that the value index is designed to include companies with lower price-to-book ratios and lower expected growth in the future.<blockquote>指数提供商富时罗素在向投资者提供的材料中表示，价值指数旨在纳入市净率较低、未来预期增长较低的公司。</blockquote> A spokeswoman for the index provider didn’t respond to a request for comment.<blockquote>该指数提供商的发言人没有回应置评请求。</blockquote> AMC’s place in the value index means the movie giant’s shares crop up in exchange-traded funds tracking value stocks. AMC is the biggest holding in the roughly $16 billion&nbsp;iShares Russell 2000 Value ETF&nbsp;—&nbsp;one of the biggest tracking the sector—and the roughly $1 billion&nbsp;Vanguard Russell 2000 Value ETF.<blockquote>AMC在价值指数中的地位意味着这家电影巨头的股票在追踪价值股的交易所交易基金中突然上涨。AMC是价值约160亿美元的iShares Russell 2000 Value ETF（该行业最大的跟踪基金之一）和价值约10亿美元的Vanguard Russell 2000 Value ETF的最大持股。</blockquote> <img src=\"https://static.tigerbbs.com/3fcf0a80bde8e34cf9ba60fa7cf5111b\" tg-width=\"425\" tg-height=\"557\" width=\"100%\" height=\"auto\"><blockquote></blockquote> As of early September, the company’s $22 billion market value made it almost 14 times bigger than the iShares fund’s average holding, according to Dow Jones Market Data. It also is the largest holding in the&nbsp;iShares Russell 2000 ETF, which tracks small companies in the U.S. stock market regardless of whether they are considered value or growth stocks.<blockquote>根据道琼斯市场数据，截至9月初，该公司220亿美元的市值几乎是iShares基金平均持仓量的14倍。它也是iShares Russell 2000 ETF中最大的持股，该ETF跟踪美国股市的小公司，无论它们是价值股还是成长股。</blockquote> A fact sheet for the Russell 2000 value index says the index is updated annually.<blockquote>罗素2000价值指数的情况说明书称，该指数每年更新一次。</blockquote> “It is representative of market demand,” said Stephanie Hill, head of index at Mellon, of meme stocks’ growing influence on the benchmarks.<blockquote>梅隆大学指数主管斯蒂芬妮·希尔(Stephanie Hill)在谈到模因股票对基准的影响力日益增强时表示：“它代表了市场需求。”</blockquote> AMC’s heft in the value index and several ETFs is the latest sign of how the meme stock craze has&nbsp;upended traditional investing.<blockquote>AMC在价值指数和几只ETF中的分量是模因股票热潮颠覆传统投资的最新迹象。</blockquote> GameStop’s surge this year landed it a promotion to the Russell 1000 growth benchmark, sitting alongside tech heavyweights including&nbsp;Apple&nbsp;Inc.,Tesla&nbsp;Inc.&nbsp;and&nbsp;Microsoft&nbsp;Corp.<blockquote>游戏驿站今年的飙升使其晋升为Russell 1000增长基准，与苹果、特斯拉和微软等科技巨头并列。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/meme-stocks-amc-and-gamestop-push-small-cap-benchmark-higher-11631525580?mod=hp_lead_pos2\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","GME":"游戏驿站"},"source_url":"https://www.wsj.com/articles/meme-stocks-amc-and-gamestop-push-small-cap-benchmark-higher-11631525580?mod=hp_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130452257","content_text":"The Russell 2000 value index is among those that have advanced with help from the run-up in meme stocks this year\nAMC Entertainment Holdings’ rally of more than 2,000% this year has helped propel the Russell 2000 value index.\nMeme stocks are distorting the way some investors see parts of the market.\nThe Russell 2000 value index, designed to follow shares of small companies that are viewed as bargains relative to the rest of the market, is up 21% this year. Meanwhile, the Russell 2000 growth index, populated with companies whose earnings are expected to flourish faster than the rest of the market, has increased only 5%.\nLook to another set of indexes, though, and a different picture emerges: The S&P 500 growth index, for example, is outperforming its value peer by around 6 percentage points in the year to date.\nWhat gives? The Russell 2000 value index’s gains this year have been powered by some meme stocks such as AMC Entertainment Holdings Inc.That stock’s rally of more than 2,000% this year has helped the Russell 2000 value index outperform the Russell 2000 growth benchmark by the widest margin since 2002, according to Dow Jones Market Data.\nOf course, many investors have embraced value stocks this year. They have snapped up shares of cyclical companies and ones in corners of the market benefiting from a booming economy. The S&P 500 value index is up around 15% this year.\nBut the meme companies have had an outsize effect in some indexes. Take GameStop Corp., which became a battleground stock earlier this year as individual investors drove the retailers’ shares ever higher. After those gains, GameStop was dropped from the Russell 2000 value index in June. Even so, it remains the second-biggest contributor to that index this year. AMC is first, according to calculations by investment firm AJOVista. Small-cap value investors avoiding the two stocks would have trailed the value gauge by almost 2 percentage points in 2021.\n\nAMC still belongs to the value index, puzzling some investors who say that it is a misfit. Shares of AMC already appear pricey after their meteoric gains this year, according to some investors.\n“It doesn’t make sense,” said Chris Covington, head of investments at AJOVista. “It’s really all a nuance of the index construction process.”\nFTSE Russell, the index provider, says in materials provided to investors that the value index is designed to include companies with lower price-to-book ratios and lower expected growth in the future.\nA spokeswoman for the index provider didn’t respond to a request for comment.\nAMC’s place in the value index means the movie giant’s shares crop up in exchange-traded funds tracking value stocks. AMC is the biggest holding in the roughly $16 billion iShares Russell 2000 Value ETF — one of the biggest tracking the sector—and the roughly $1 billion Vanguard Russell 2000 Value ETF.\n\nAs of early September, the company’s $22 billion market value made it almost 14 times bigger than the iShares fund’s average holding, according to Dow Jones Market Data. It also is the largest holding in the iShares Russell 2000 ETF, which tracks small companies in the U.S. stock market regardless of whether they are considered value or growth stocks.\nA fact sheet for the Russell 2000 value index says the index is updated annually.\n“It is representative of market demand,” said Stephanie Hill, head of index at Mellon, of meme stocks’ growing influence on the benchmarks.\nAMC’s heft in the value index and several ETFs is the latest sign of how the meme stock craze has upended traditional investing.\nGameStop’s surge this year landed it a promotion to the Russell 1000 growth benchmark, sitting alongside tech heavyweights including Apple Inc.,Tesla Inc. and Microsoft Corp.","news_type":1,"symbols_score_info":{".IXIC":0.9,"AMC":0.9,"GME":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886968463,"gmtCreate":1631544307452,"gmtModify":1631891046122,"author":{"id":"3569456772186640","authorId":"3569456772186640","name":"Dr0pD0wnDead","avatar":"https://static.tigerbbs.com/01772b07512eb03e8f1c7bde9a524771","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3569456772186640","idStr":"3569456772186640"},"htmlText":"👍👍","listText":"👍👍","text":"👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/886968463","repostId":1130452257,"repostType":2,"repost":{"id":"1130452257","kind":"news","pubTimestamp":1631536243,"share":"https://www.laohu8.com/m/news/1130452257?lang=zh_CN&edition=full","pubTime":"2021-09-13 20:30","market":"us","language":"en","title":"Meme Stocks AMC and GameStop Push Small-Cap Benchmark Higher<blockquote>Meme股票AMC和游戏驿站推高小盘股基准</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130452257","media":"The Wall Street Journal","summary":"The Russell 2000 value index is among those that have advanced with help from the run-up in meme sto","content":"The Russell 2000 value index is among those that have advanced with help from the run-up in meme stocks this year<blockquote>罗素2000价值指数是今年在模因股票上涨的帮助下上涨的指数之一</blockquote> <img src=\"https://static.tigerbbs.com/f84ac995d72bcad8c107824952687516\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\">AMC Entertainment Holdings’ rally of more than 2,000% this year has helped propel the Russell 2000 value index.<blockquote>AMC院线控股公司今年上涨了2,000%以上，帮助推动了Russell 2000价值指数的上涨。</blockquote> Meme stocks are distorting the way some investors see parts of the market.<blockquote>模因股票正在扭曲一些投资者对部分市场的看法。</blockquote> The Russell 2000 value index, designed to follow shares of small companies that are viewed as bargains relative to the rest of the market, is up 21% this year. Meanwhile, the Russell 2000 growth index, populated with companies whose earnings are expected to flourish faster than the rest of the market, has increased only 5%.<blockquote>罗素2000价值指数旨在跟踪相对于市场其他股票被视为便宜的小公司股票，今年上涨了21%。与此同时，罗素2000增长指数仅上涨了5%，该指数包含了预计盈利将比市场其他公司增长更快的公司。</blockquote> Look to another set of indexes, though, and a different picture emerges: The S&amp;P 500 growth index, for example, is outperforming its value peer by around 6 percentage points in the year to date.<blockquote>不过，看看另一组指数，就会出现不同的情况：例如，标普500增长指数今年迄今为止的表现优于其价值指数约6个百分点。</blockquote> What gives? The Russell 2000 value index’s gains this year have been powered by some meme stocks such as&nbsp;AMC Entertainment Holdings&nbsp;Inc.That stock’s rally&nbsp;of more than 2,000% this year has helped the Russell 2000 value index outperform the Russell 2000 growth benchmark by the widest margin since 2002, according to Dow Jones Market Data.<blockquote>什么给？Russell 2000价值指数今年的上涨受到了AMC院线控股公司等一些模因股票的推动。根据道琼斯市场数据，该股今年上涨了2,000%以上，帮助罗素2000价值指数以2002年以来的最大涨幅跑赢罗素2000增长基准。</blockquote> Of course, many investors have embraced value stocks this year. They have snapped up shares of cyclical companies and ones in corners of the market benefiting from a booming economy. The S&amp;P 500 value index is up around 15% this year.<blockquote>当然，今年很多投资者都拥抱了价值股。他们抢购了周期性公司和受益于经济繁荣的市场角落公司的股票。标普500价值指数今年上涨了15%左右。</blockquote> But the meme companies have had an outsize effect in some indexes. Take&nbsp;GameStop&nbsp;Corp., which&nbsp;became a battleground stock&nbsp;earlier this year as individual investors drove the retailers’ shares ever higher. After those gains, GameStop was dropped from the Russell 2000 value index in June. Even so, it remains the second-biggest contributor to that index this year. AMC is first, according to calculations by investment firm AJOVista. Small-cap value investors avoiding the two stocks would have trailed the value gauge by almost 2 percentage points in 2021.<blockquote>但模因公司对一些指数产生了巨大影响。以游戏驿站为例，今年早些时候，随着个人投资者推动零售商股价不断走高，该公司成为了战场股票。在这些上涨之后，游戏驿站于6月份被从Russell 2000价值指数中剔除。即便如此，它仍然是今年该指数的第二大贡献者。根据投资公司AJOVista的计算，AMC排名第一。2021年，避开这两只股票的小盘价值投资者将落后价值指数近2个百分点。</blockquote> <img src=\"https://static.tigerbbs.com/5bce9618103c4ddb473613a89c3e99c4\" tg-width=\"430\" tg-height=\"557\" width=\"100%\" height=\"auto\"><blockquote></blockquote> AMC still belongs to the value index, puzzling some investors who say that it is a misfit. Shares of AMC already appear pricey after their meteoric gains this year, according to some investors.<blockquote>AMC仍然属于价值指数，这让一些说它是格格不入的投资者感到困惑。一些投资者表示，AMC的股价在今年大幅上涨后已经显得昂贵。</blockquote> “It doesn’t make sense,” said Chris Covington, head of investments at AJOVista. “It’s really all a nuance of the index construction process.”<blockquote>“这没有意义，”AJOVista投资主管克里斯·卡温顿(Chris Covington)表示。“这实际上都是指数构建过程中的细微差别。”</blockquote> FTSE Russell, the index provider, says in materials provided to investors that the value index is designed to include companies with lower price-to-book ratios and lower expected growth in the future.<blockquote>指数提供商富时罗素在向投资者提供的材料中表示，价值指数旨在纳入市净率较低、未来预期增长较低的公司。</blockquote> A spokeswoman for the index provider didn’t respond to a request for comment.<blockquote>该指数提供商的发言人没有回应置评请求。</blockquote> AMC’s place in the value index means the movie giant’s shares crop up in exchange-traded funds tracking value stocks. AMC is the biggest holding in the roughly $16 billion&nbsp;iShares Russell 2000 Value ETF&nbsp;—&nbsp;one of the biggest tracking the sector—and the roughly $1 billion&nbsp;Vanguard Russell 2000 Value ETF.<blockquote>AMC在价值指数中的地位意味着这家电影巨头的股票在追踪价值股的交易所交易基金中突然上涨。AMC是价值约160亿美元的iShares Russell 2000 Value ETF（该行业最大的跟踪基金之一）和价值约10亿美元的Vanguard Russell 2000 Value ETF的最大持股。</blockquote> <img src=\"https://static.tigerbbs.com/3fcf0a80bde8e34cf9ba60fa7cf5111b\" tg-width=\"425\" tg-height=\"557\" width=\"100%\" height=\"auto\"><blockquote></blockquote> As of early September, the company’s $22 billion market value made it almost 14 times bigger than the iShares fund’s average holding, according to Dow Jones Market Data. It also is the largest holding in the&nbsp;iShares Russell 2000 ETF, which tracks small companies in the U.S. stock market regardless of whether they are considered value or growth stocks.<blockquote>根据道琼斯市场数据，截至9月初，该公司220亿美元的市值几乎是iShares基金平均持仓量的14倍。它也是iShares Russell 2000 ETF中最大的持股，该ETF跟踪美国股市的小公司，无论它们是价值股还是成长股。</blockquote> A fact sheet for the Russell 2000 value index says the index is updated annually.<blockquote>罗素2000价值指数的情况说明书称，该指数每年更新一次。</blockquote> “It is representative of market demand,” said Stephanie Hill, head of index at Mellon, of meme stocks’ growing influence on the benchmarks.<blockquote>梅隆大学指数主管斯蒂芬妮·希尔(Stephanie Hill)在谈到模因股票对基准的影响力日益增强时表示：“它代表了市场需求。”</blockquote> AMC’s heft in the value index and several ETFs is the latest sign of how the meme stock craze has&nbsp;upended traditional investing.<blockquote>AMC在价值指数和几只ETF中的分量是模因股票热潮颠覆传统投资的最新迹象。</blockquote> GameStop’s surge this year landed it a promotion to the Russell 1000 growth benchmark, sitting alongside tech heavyweights including&nbsp;Apple&nbsp;Inc.,Tesla&nbsp;Inc.&nbsp;and&nbsp;Microsoft&nbsp;Corp.<blockquote>游戏驿站今年的飙升使其晋升为Russell 1000增长基准，与苹果、特斯拉和微软等科技巨头并列。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meme Stocks AMC and GameStop Push Small-Cap Benchmark Higher<blockquote>Meme股票AMC和游戏驿站推高小盘股基准</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeme Stocks AMC and GameStop Push Small-Cap Benchmark Higher<blockquote>Meme股票AMC和游戏驿站推高小盘股基准</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-09-13 20:30\n\n</h4>\n</header>\n<article>\nThe Russell 2000 value index is among those that have advanced with help from the run-up in meme stocks this year<blockquote>罗素2000价值指数是今年在模因股票上涨的帮助下上涨的指数之一</blockquote> <img src=\"https://static.tigerbbs.com/f84ac995d72bcad8c107824952687516\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\">AMC Entertainment Holdings’ rally of more than 2,000% this year has helped propel the Russell 2000 value index.<blockquote>AMC院线控股公司今年上涨了2,000%以上，帮助推动了Russell 2000价值指数的上涨。</blockquote> Meme stocks are distorting the way some investors see parts of the market.<blockquote>模因股票正在扭曲一些投资者对部分市场的看法。</blockquote> The Russell 2000 value index, designed to follow shares of small companies that are viewed as bargains relative to the rest of the market, is up 21% this year. Meanwhile, the Russell 2000 growth index, populated with companies whose earnings are expected to flourish faster than the rest of the market, has increased only 5%.<blockquote>罗素2000价值指数旨在跟踪相对于市场其他股票被视为便宜的小公司股票，今年上涨了21%。与此同时，罗素2000增长指数仅上涨了5%，该指数包含了预计盈利将比市场其他公司增长更快的公司。</blockquote> Look to another set of indexes, though, and a different picture emerges: The S&amp;P 500 growth index, for example, is outperforming its value peer by around 6 percentage points in the year to date.<blockquote>不过，看看另一组指数，就会出现不同的情况：例如，标普500增长指数今年迄今为止的表现优于其价值指数约6个百分点。</blockquote> What gives? The Russell 2000 value index’s gains this year have been powered by some meme stocks such as&nbsp;AMC Entertainment Holdings&nbsp;Inc.That stock’s rally&nbsp;of more than 2,000% this year has helped the Russell 2000 value index outperform the Russell 2000 growth benchmark by the widest margin since 2002, according to Dow Jones Market Data.<blockquote>什么给？Russell 2000价值指数今年的上涨受到了AMC院线控股公司等一些模因股票的推动。根据道琼斯市场数据，该股今年上涨了2,000%以上，帮助罗素2000价值指数以2002年以来的最大涨幅跑赢罗素2000增长基准。</blockquote> Of course, many investors have embraced value stocks this year. They have snapped up shares of cyclical companies and ones in corners of the market benefiting from a booming economy. The S&amp;P 500 value index is up around 15% this year.<blockquote>当然，今年很多投资者都拥抱了价值股。他们抢购了周期性公司和受益于经济繁荣的市场角落公司的股票。标普500价值指数今年上涨了15%左右。</blockquote> But the meme companies have had an outsize effect in some indexes. Take&nbsp;GameStop&nbsp;Corp., which&nbsp;became a battleground stock&nbsp;earlier this year as individual investors drove the retailers’ shares ever higher. After those gains, GameStop was dropped from the Russell 2000 value index in June. Even so, it remains the second-biggest contributor to that index this year. AMC is first, according to calculations by investment firm AJOVista. Small-cap value investors avoiding the two stocks would have trailed the value gauge by almost 2 percentage points in 2021.<blockquote>但模因公司对一些指数产生了巨大影响。以游戏驿站为例，今年早些时候，随着个人投资者推动零售商股价不断走高，该公司成为了战场股票。在这些上涨之后，游戏驿站于6月份被从Russell 2000价值指数中剔除。即便如此，它仍然是今年该指数的第二大贡献者。根据投资公司AJOVista的计算，AMC排名第一。2021年，避开这两只股票的小盘价值投资者将落后价值指数近2个百分点。</blockquote> <img src=\"https://static.tigerbbs.com/5bce9618103c4ddb473613a89c3e99c4\" tg-width=\"430\" tg-height=\"557\" width=\"100%\" height=\"auto\"><blockquote></blockquote> AMC still belongs to the value index, puzzling some investors who say that it is a misfit. Shares of AMC already appear pricey after their meteoric gains this year, according to some investors.<blockquote>AMC仍然属于价值指数，这让一些说它是格格不入的投资者感到困惑。一些投资者表示，AMC的股价在今年大幅上涨后已经显得昂贵。</blockquote> “It doesn’t make sense,” said Chris Covington, head of investments at AJOVista. “It’s really all a nuance of the index construction process.”<blockquote>“这没有意义，”AJOVista投资主管克里斯·卡温顿(Chris Covington)表示。“这实际上都是指数构建过程中的细微差别。”</blockquote> FTSE Russell, the index provider, says in materials provided to investors that the value index is designed to include companies with lower price-to-book ratios and lower expected growth in the future.<blockquote>指数提供商富时罗素在向投资者提供的材料中表示，价值指数旨在纳入市净率较低、未来预期增长较低的公司。</blockquote> A spokeswoman for the index provider didn’t respond to a request for comment.<blockquote>该指数提供商的发言人没有回应置评请求。</blockquote> AMC’s place in the value index means the movie giant’s shares crop up in exchange-traded funds tracking value stocks. AMC is the biggest holding in the roughly $16 billion&nbsp;iShares Russell 2000 Value ETF&nbsp;—&nbsp;one of the biggest tracking the sector—and the roughly $1 billion&nbsp;Vanguard Russell 2000 Value ETF.<blockquote>AMC在价值指数中的地位意味着这家电影巨头的股票在追踪价值股的交易所交易基金中突然上涨。AMC是价值约160亿美元的iShares Russell 2000 Value ETF（该行业最大的跟踪基金之一）和价值约10亿美元的Vanguard Russell 2000 Value ETF的最大持股。</blockquote> <img src=\"https://static.tigerbbs.com/3fcf0a80bde8e34cf9ba60fa7cf5111b\" tg-width=\"425\" tg-height=\"557\" width=\"100%\" height=\"auto\"><blockquote></blockquote> As of early September, the company’s $22 billion market value made it almost 14 times bigger than the iShares fund’s average holding, according to Dow Jones Market Data. It also is the largest holding in the&nbsp;iShares Russell 2000 ETF, which tracks small companies in the U.S. stock market regardless of whether they are considered value or growth stocks.<blockquote>根据道琼斯市场数据，截至9月初，该公司220亿美元的市值几乎是iShares基金平均持仓量的14倍。它也是iShares Russell 2000 ETF中最大的持股，该ETF跟踪美国股市的小公司，无论它们是价值股还是成长股。</blockquote> A fact sheet for the Russell 2000 value index says the index is updated annually.<blockquote>罗素2000价值指数的情况说明书称，该指数每年更新一次。</blockquote> “It is representative of market demand,” said Stephanie Hill, head of index at Mellon, of meme stocks’ growing influence on the benchmarks.<blockquote>梅隆大学指数主管斯蒂芬妮·希尔(Stephanie Hill)在谈到模因股票对基准的影响力日益增强时表示：“它代表了市场需求。”</blockquote> AMC’s heft in the value index and several ETFs is the latest sign of how the meme stock craze has&nbsp;upended traditional investing.<blockquote>AMC在价值指数和几只ETF中的分量是模因股票热潮颠覆传统投资的最新迹象。</blockquote> GameStop’s surge this year landed it a promotion to the Russell 1000 growth benchmark, sitting alongside tech heavyweights including&nbsp;Apple&nbsp;Inc.,Tesla&nbsp;Inc.&nbsp;and&nbsp;Microsoft&nbsp;Corp.<blockquote>游戏驿站今年的飙升使其晋升为Russell 1000增长基准，与苹果、特斯拉和微软等科技巨头并列。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/meme-stocks-amc-and-gamestop-push-small-cap-benchmark-higher-11631525580?mod=hp_lead_pos2\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","GME":"游戏驿站"},"source_url":"https://www.wsj.com/articles/meme-stocks-amc-and-gamestop-push-small-cap-benchmark-higher-11631525580?mod=hp_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130452257","content_text":"The Russell 2000 value index is among those that have advanced with help from the run-up in meme stocks this year\nAMC Entertainment Holdings’ rally of more than 2,000% this year has helped propel the Russell 2000 value index.\nMeme stocks are distorting the way some investors see parts of the market.\nThe Russell 2000 value index, designed to follow shares of small companies that are viewed as bargains relative to the rest of the market, is up 21% this year. Meanwhile, the Russell 2000 growth index, populated with companies whose earnings are expected to flourish faster than the rest of the market, has increased only 5%.\nLook to another set of indexes, though, and a different picture emerges: The S&P 500 growth index, for example, is outperforming its value peer by around 6 percentage points in the year to date.\nWhat gives? The Russell 2000 value index’s gains this year have been powered by some meme stocks such as AMC Entertainment Holdings Inc.That stock’s rally of more than 2,000% this year has helped the Russell 2000 value index outperform the Russell 2000 growth benchmark by the widest margin since 2002, according to Dow Jones Market Data.\nOf course, many investors have embraced value stocks this year. They have snapped up shares of cyclical companies and ones in corners of the market benefiting from a booming economy. The S&P 500 value index is up around 15% this year.\nBut the meme companies have had an outsize effect in some indexes. Take GameStop Corp., which became a battleground stock earlier this year as individual investors drove the retailers’ shares ever higher. After those gains, GameStop was dropped from the Russell 2000 value index in June. Even so, it remains the second-biggest contributor to that index this year. AMC is first, according to calculations by investment firm AJOVista. Small-cap value investors avoiding the two stocks would have trailed the value gauge by almost 2 percentage points in 2021.\n\nAMC still belongs to the value index, puzzling some investors who say that it is a misfit. Shares of AMC already appear pricey after their meteoric gains this year, according to some investors.\n“It doesn’t make sense,” said Chris Covington, head of investments at AJOVista. “It’s really all a nuance of the index construction process.”\nFTSE Russell, the index provider, says in materials provided to investors that the value index is designed to include companies with lower price-to-book ratios and lower expected growth in the future.\nA spokeswoman for the index provider didn’t respond to a request for comment.\nAMC’s place in the value index means the movie giant’s shares crop up in exchange-traded funds tracking value stocks. AMC is the biggest holding in the roughly $16 billion iShares Russell 2000 Value ETF — one of the biggest tracking the sector—and the roughly $1 billion Vanguard Russell 2000 Value ETF.\n\nAs of early September, the company’s $22 billion market value made it almost 14 times bigger than the iShares fund’s average holding, according to Dow Jones Market Data. It also is the largest holding in the iShares Russell 2000 ETF, which tracks small companies in the U.S. stock market regardless of whether they are considered value or growth stocks.\nA fact sheet for the Russell 2000 value index says the index is updated annually.\n“It is representative of market demand,” said Stephanie Hill, head of index at Mellon, of meme stocks’ growing influence on the benchmarks.\nAMC’s heft in the value index and several ETFs is the latest sign of how the meme stock craze has upended traditional investing.\nGameStop’s surge this year landed it a promotion to the Russell 1000 growth benchmark, sitting alongside tech heavyweights including Apple Inc.,Tesla Inc. and Microsoft Corp.","news_type":1,"symbols_score_info":{".IXIC":0.9,"AMC":0.9,"GME":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886039418,"gmtCreate":1631536720534,"gmtModify":1631891481971,"author":{"id":"3581562365927542","authorId":"3581562365927542","name":"BBBBBBBBBB","avatar":"https://static.tigerbbs.com/973395458d7e1db24dbd4a689c79e8a2","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3581562365927542","idStr":"3581562365927542"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/886039418","repostId":1130452257,"repostType":4,"repost":{"id":"1130452257","kind":"news","pubTimestamp":1631536243,"share":"https://www.laohu8.com/m/news/1130452257?lang=zh_CN&edition=full","pubTime":"2021-09-13 20:30","market":"us","language":"en","title":"Meme Stocks AMC and GameStop Push Small-Cap Benchmark Higher<blockquote>Meme股票AMC和游戏驿站推高小盘股基准</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130452257","media":"The Wall Street Journal","summary":"The Russell 2000 value index is among those that have advanced with help from the run-up in meme sto","content":"The Russell 2000 value index is among those that have advanced with help from the run-up in meme stocks this year<blockquote>罗素2000价值指数是今年在模因股票上涨的帮助下上涨的指数之一</blockquote> <img src=\"https://static.tigerbbs.com/f84ac995d72bcad8c107824952687516\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\">AMC Entertainment Holdings’ rally of more than 2,000% this year has helped propel the Russell 2000 value index.<blockquote>AMC院线控股公司今年上涨了2,000%以上，帮助推动了Russell 2000价值指数的上涨。</blockquote> Meme stocks are distorting the way some investors see parts of the market.<blockquote>模因股票正在扭曲一些投资者对部分市场的看法。</blockquote> The Russell 2000 value index, designed to follow shares of small companies that are viewed as bargains relative to the rest of the market, is up 21% this year. Meanwhile, the Russell 2000 growth index, populated with companies whose earnings are expected to flourish faster than the rest of the market, has increased only 5%.<blockquote>罗素2000价值指数旨在跟踪相对于市场其他股票被视为便宜的小公司股票，今年上涨了21%。与此同时，罗素2000增长指数仅上涨了5%，该指数包含了预计盈利将比市场其他公司增长更快的公司。</blockquote> Look to another set of indexes, though, and a different picture emerges: The S&amp;P 500 growth index, for example, is outperforming its value peer by around 6 percentage points in the year to date.<blockquote>不过，看看另一组指数，就会出现不同的情况：例如，标普500增长指数今年迄今为止的表现优于其价值指数约6个百分点。</blockquote> What gives? The Russell 2000 value index’s gains this year have been powered by some meme stocks such as&nbsp;AMC Entertainment Holdings&nbsp;Inc.That stock’s rally&nbsp;of more than 2,000% this year has helped the Russell 2000 value index outperform the Russell 2000 growth benchmark by the widest margin since 2002, according to Dow Jones Market Data.<blockquote>什么给？Russell 2000价值指数今年的上涨受到了AMC院线控股公司等一些模因股票的推动。根据道琼斯市场数据，该股今年上涨了2,000%以上，帮助罗素2000价值指数以2002年以来的最大涨幅跑赢罗素2000增长基准。</blockquote> Of course, many investors have embraced value stocks this year. They have snapped up shares of cyclical companies and ones in corners of the market benefiting from a booming economy. The S&amp;P 500 value index is up around 15% this year.<blockquote>当然，今年很多投资者都拥抱了价值股。他们抢购了周期性公司和受益于经济繁荣的市场角落公司的股票。标普500价值指数今年上涨了15%左右。</blockquote> But the meme companies have had an outsize effect in some indexes. Take&nbsp;GameStop&nbsp;Corp., which&nbsp;became a battleground stock&nbsp;earlier this year as individual investors drove the retailers’ shares ever higher. After those gains, GameStop was dropped from the Russell 2000 value index in June. Even so, it remains the second-biggest contributor to that index this year. AMC is first, according to calculations by investment firm AJOVista. Small-cap value investors avoiding the two stocks would have trailed the value gauge by almost 2 percentage points in 2021.<blockquote>但模因公司对一些指数产生了巨大影响。以游戏驿站为例，今年早些时候，随着个人投资者推动零售商股价不断走高，该公司成为了战场股票。在这些上涨之后，游戏驿站于6月份被从Russell 2000价值指数中剔除。即便如此，它仍然是今年该指数的第二大贡献者。根据投资公司AJOVista的计算，AMC排名第一。2021年，避开这两只股票的小盘价值投资者将落后价值指数近2个百分点。</blockquote> <img src=\"https://static.tigerbbs.com/5bce9618103c4ddb473613a89c3e99c4\" tg-width=\"430\" tg-height=\"557\" width=\"100%\" height=\"auto\"><blockquote></blockquote> AMC still belongs to the value index, puzzling some investors who say that it is a misfit. Shares of AMC already appear pricey after their meteoric gains this year, according to some investors.<blockquote>AMC仍然属于价值指数，这让一些说它是格格不入的投资者感到困惑。一些投资者表示，AMC的股价在今年大幅上涨后已经显得昂贵。</blockquote> “It doesn’t make sense,” said Chris Covington, head of investments at AJOVista. “It’s really all a nuance of the index construction process.”<blockquote>“这没有意义，”AJOVista投资主管克里斯·卡温顿(Chris Covington)表示。“这实际上都是指数构建过程中的细微差别。”</blockquote> FTSE Russell, the index provider, says in materials provided to investors that the value index is designed to include companies with lower price-to-book ratios and lower expected growth in the future.<blockquote>指数提供商富时罗素在向投资者提供的材料中表示，价值指数旨在纳入市净率较低、未来预期增长较低的公司。</blockquote> A spokeswoman for the index provider didn’t respond to a request for comment.<blockquote>该指数提供商的发言人没有回应置评请求。</blockquote> AMC’s place in the value index means the movie giant’s shares crop up in exchange-traded funds tracking value stocks. AMC is the biggest holding in the roughly $16 billion&nbsp;iShares Russell 2000 Value ETF&nbsp;—&nbsp;one of the biggest tracking the sector—and the roughly $1 billion&nbsp;Vanguard Russell 2000 Value ETF.<blockquote>AMC在价值指数中的地位意味着这家电影巨头的股票在追踪价值股的交易所交易基金中突然上涨。AMC是价值约160亿美元的iShares Russell 2000 Value ETF（该行业最大的跟踪基金之一）和价值约10亿美元的Vanguard Russell 2000 Value ETF的最大持股。</blockquote> <img src=\"https://static.tigerbbs.com/3fcf0a80bde8e34cf9ba60fa7cf5111b\" tg-width=\"425\" tg-height=\"557\" width=\"100%\" height=\"auto\"><blockquote></blockquote> As of early September, the company’s $22 billion market value made it almost 14 times bigger than the iShares fund’s average holding, according to Dow Jones Market Data. It also is the largest holding in the&nbsp;iShares Russell 2000 ETF, which tracks small companies in the U.S. stock market regardless of whether they are considered value or growth stocks.<blockquote>根据道琼斯市场数据，截至9月初，该公司220亿美元的市值几乎是iShares基金平均持仓量的14倍。它也是iShares Russell 2000 ETF中最大的持股，该ETF跟踪美国股市的小公司，无论它们是价值股还是成长股。</blockquote> A fact sheet for the Russell 2000 value index says the index is updated annually.<blockquote>罗素2000价值指数的情况说明书称，该指数每年更新一次。</blockquote> “It is representative of market demand,” said Stephanie Hill, head of index at Mellon, of meme stocks’ growing influence on the benchmarks.<blockquote>梅隆大学指数主管斯蒂芬妮·希尔(Stephanie Hill)在谈到模因股票对基准的影响力日益增强时表示：“它代表了市场需求。”</blockquote> AMC’s heft in the value index and several ETFs is the latest sign of how the meme stock craze has&nbsp;upended traditional investing.<blockquote>AMC在价值指数和几只ETF中的分量是模因股票热潮颠覆传统投资的最新迹象。</blockquote> GameStop’s surge this year landed it a promotion to the Russell 1000 growth benchmark, sitting alongside tech heavyweights including&nbsp;Apple&nbsp;Inc.,Tesla&nbsp;Inc.&nbsp;and&nbsp;Microsoft&nbsp;Corp.<blockquote>游戏驿站今年的飙升使其晋升为Russell 1000增长基准，与苹果、特斯拉和微软等科技巨头并列。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meme Stocks AMC and GameStop Push Small-Cap Benchmark Higher<blockquote>Meme股票AMC和游戏驿站推高小盘股基准</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeme Stocks AMC and GameStop Push Small-Cap Benchmark Higher<blockquote>Meme股票AMC和游戏驿站推高小盘股基准</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-09-13 20:30\n\n</h4>\n</header>\n<article>\nThe Russell 2000 value index is among those that have advanced with help from the run-up in meme stocks this year<blockquote>罗素2000价值指数是今年在模因股票上涨的帮助下上涨的指数之一</blockquote> <img src=\"https://static.tigerbbs.com/f84ac995d72bcad8c107824952687516\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\">AMC Entertainment Holdings’ rally of more than 2,000% this year has helped propel the Russell 2000 value index.<blockquote>AMC院线控股公司今年上涨了2,000%以上，帮助推动了Russell 2000价值指数的上涨。</blockquote> Meme stocks are distorting the way some investors see parts of the market.<blockquote>模因股票正在扭曲一些投资者对部分市场的看法。</blockquote> The Russell 2000 value index, designed to follow shares of small companies that are viewed as bargains relative to the rest of the market, is up 21% this year. Meanwhile, the Russell 2000 growth index, populated with companies whose earnings are expected to flourish faster than the rest of the market, has increased only 5%.<blockquote>罗素2000价值指数旨在跟踪相对于市场其他股票被视为便宜的小公司股票，今年上涨了21%。与此同时，罗素2000增长指数仅上涨了5%，该指数包含了预计盈利将比市场其他公司增长更快的公司。</blockquote> Look to another set of indexes, though, and a different picture emerges: The S&amp;P 500 growth index, for example, is outperforming its value peer by around 6 percentage points in the year to date.<blockquote>不过，看看另一组指数，就会出现不同的情况：例如，标普500增长指数今年迄今为止的表现优于其价值指数约6个百分点。</blockquote> What gives? The Russell 2000 value index’s gains this year have been powered by some meme stocks such as&nbsp;AMC Entertainment Holdings&nbsp;Inc.That stock’s rally&nbsp;of more than 2,000% this year has helped the Russell 2000 value index outperform the Russell 2000 growth benchmark by the widest margin since 2002, according to Dow Jones Market Data.<blockquote>什么给？Russell 2000价值指数今年的上涨受到了AMC院线控股公司等一些模因股票的推动。根据道琼斯市场数据，该股今年上涨了2,000%以上，帮助罗素2000价值指数以2002年以来的最大涨幅跑赢罗素2000增长基准。</blockquote> Of course, many investors have embraced value stocks this year. They have snapped up shares of cyclical companies and ones in corners of the market benefiting from a booming economy. The S&amp;P 500 value index is up around 15% this year.<blockquote>当然，今年很多投资者都拥抱了价值股。他们抢购了周期性公司和受益于经济繁荣的市场角落公司的股票。标普500价值指数今年上涨了15%左右。</blockquote> But the meme companies have had an outsize effect in some indexes. Take&nbsp;GameStop&nbsp;Corp., which&nbsp;became a battleground stock&nbsp;earlier this year as individual investors drove the retailers’ shares ever higher. After those gains, GameStop was dropped from the Russell 2000 value index in June. Even so, it remains the second-biggest contributor to that index this year. AMC is first, according to calculations by investment firm AJOVista. Small-cap value investors avoiding the two stocks would have trailed the value gauge by almost 2 percentage points in 2021.<blockquote>但模因公司对一些指数产生了巨大影响。以游戏驿站为例，今年早些时候，随着个人投资者推动零售商股价不断走高，该公司成为了战场股票。在这些上涨之后，游戏驿站于6月份被从Russell 2000价值指数中剔除。即便如此，它仍然是今年该指数的第二大贡献者。根据投资公司AJOVista的计算，AMC排名第一。2021年，避开这两只股票的小盘价值投资者将落后价值指数近2个百分点。</blockquote> <img src=\"https://static.tigerbbs.com/5bce9618103c4ddb473613a89c3e99c4\" tg-width=\"430\" tg-height=\"557\" width=\"100%\" height=\"auto\"><blockquote></blockquote> AMC still belongs to the value index, puzzling some investors who say that it is a misfit. Shares of AMC already appear pricey after their meteoric gains this year, according to some investors.<blockquote>AMC仍然属于价值指数，这让一些说它是格格不入的投资者感到困惑。一些投资者表示，AMC的股价在今年大幅上涨后已经显得昂贵。</blockquote> “It doesn’t make sense,” said Chris Covington, head of investments at AJOVista. “It’s really all a nuance of the index construction process.”<blockquote>“这没有意义，”AJOVista投资主管克里斯·卡温顿(Chris Covington)表示。“这实际上都是指数构建过程中的细微差别。”</blockquote> FTSE Russell, the index provider, says in materials provided to investors that the value index is designed to include companies with lower price-to-book ratios and lower expected growth in the future.<blockquote>指数提供商富时罗素在向投资者提供的材料中表示，价值指数旨在纳入市净率较低、未来预期增长较低的公司。</blockquote> A spokeswoman for the index provider didn’t respond to a request for comment.<blockquote>该指数提供商的发言人没有回应置评请求。</blockquote> AMC’s place in the value index means the movie giant’s shares crop up in exchange-traded funds tracking value stocks. AMC is the biggest holding in the roughly $16 billion&nbsp;iShares Russell 2000 Value ETF&nbsp;—&nbsp;one of the biggest tracking the sector—and the roughly $1 billion&nbsp;Vanguard Russell 2000 Value ETF.<blockquote>AMC在价值指数中的地位意味着这家电影巨头的股票在追踪价值股的交易所交易基金中突然上涨。AMC是价值约160亿美元的iShares Russell 2000 Value ETF（该行业最大的跟踪基金之一）和价值约10亿美元的Vanguard Russell 2000 Value ETF的最大持股。</blockquote> <img src=\"https://static.tigerbbs.com/3fcf0a80bde8e34cf9ba60fa7cf5111b\" tg-width=\"425\" tg-height=\"557\" width=\"100%\" height=\"auto\"><blockquote></blockquote> As of early September, the company’s $22 billion market value made it almost 14 times bigger than the iShares fund’s average holding, according to Dow Jones Market Data. It also is the largest holding in the&nbsp;iShares Russell 2000 ETF, which tracks small companies in the U.S. stock market regardless of whether they are considered value or growth stocks.<blockquote>根据道琼斯市场数据，截至9月初，该公司220亿美元的市值几乎是iShares基金平均持仓量的14倍。它也是iShares Russell 2000 ETF中最大的持股，该ETF跟踪美国股市的小公司，无论它们是价值股还是成长股。</blockquote> A fact sheet for the Russell 2000 value index says the index is updated annually.<blockquote>罗素2000价值指数的情况说明书称，该指数每年更新一次。</blockquote> “It is representative of market demand,” said Stephanie Hill, head of index at Mellon, of meme stocks’ growing influence on the benchmarks.<blockquote>梅隆大学指数主管斯蒂芬妮·希尔(Stephanie Hill)在谈到模因股票对基准的影响力日益增强时表示：“它代表了市场需求。”</blockquote> AMC’s heft in the value index and several ETFs is the latest sign of how the meme stock craze has&nbsp;upended traditional investing.<blockquote>AMC在价值指数和几只ETF中的分量是模因股票热潮颠覆传统投资的最新迹象。</blockquote> GameStop’s surge this year landed it a promotion to the Russell 1000 growth benchmark, sitting alongside tech heavyweights including&nbsp;Apple&nbsp;Inc.,Tesla&nbsp;Inc.&nbsp;and&nbsp;Microsoft&nbsp;Corp.<blockquote>游戏驿站今年的飙升使其晋升为Russell 1000增长基准，与苹果、特斯拉和微软等科技巨头并列。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/meme-stocks-amc-and-gamestop-push-small-cap-benchmark-higher-11631525580?mod=hp_lead_pos2\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","GME":"游戏驿站"},"source_url":"https://www.wsj.com/articles/meme-stocks-amc-and-gamestop-push-small-cap-benchmark-higher-11631525580?mod=hp_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130452257","content_text":"The Russell 2000 value index is among those that have advanced with help from the run-up in meme stocks this year\nAMC Entertainment Holdings’ rally of more than 2,000% this year has helped propel the Russell 2000 value index.\nMeme stocks are distorting the way some investors see parts of the market.\nThe Russell 2000 value index, designed to follow shares of small companies that are viewed as bargains relative to the rest of the market, is up 21% this year. Meanwhile, the Russell 2000 growth index, populated with companies whose earnings are expected to flourish faster than the rest of the market, has increased only 5%.\nLook to another set of indexes, though, and a different picture emerges: The S&P 500 growth index, for example, is outperforming its value peer by around 6 percentage points in the year to date.\nWhat gives? The Russell 2000 value index’s gains this year have been powered by some meme stocks such as AMC Entertainment Holdings Inc.That stock’s rally of more than 2,000% this year has helped the Russell 2000 value index outperform the Russell 2000 growth benchmark by the widest margin since 2002, according to Dow Jones Market Data.\nOf course, many investors have embraced value stocks this year. They have snapped up shares of cyclical companies and ones in corners of the market benefiting from a booming economy. The S&P 500 value index is up around 15% this year.\nBut the meme companies have had an outsize effect in some indexes. Take GameStop Corp., which became a battleground stock earlier this year as individual investors drove the retailers’ shares ever higher. After those gains, GameStop was dropped from the Russell 2000 value index in June. Even so, it remains the second-biggest contributor to that index this year. AMC is first, according to calculations by investment firm AJOVista. Small-cap value investors avoiding the two stocks would have trailed the value gauge by almost 2 percentage points in 2021.\n\nAMC still belongs to the value index, puzzling some investors who say that it is a misfit. Shares of AMC already appear pricey after their meteoric gains this year, according to some investors.\n“It doesn’t make sense,” said Chris Covington, head of investments at AJOVista. “It’s really all a nuance of the index construction process.”\nFTSE Russell, the index provider, says in materials provided to investors that the value index is designed to include companies with lower price-to-book ratios and lower expected growth in the future.\nA spokeswoman for the index provider didn’t respond to a request for comment.\nAMC’s place in the value index means the movie giant’s shares crop up in exchange-traded funds tracking value stocks. AMC is the biggest holding in the roughly $16 billion iShares Russell 2000 Value ETF — one of the biggest tracking the sector—and the roughly $1 billion Vanguard Russell 2000 Value ETF.\n\nAs of early September, the company’s $22 billion market value made it almost 14 times bigger than the iShares fund’s average holding, according to Dow Jones Market Data. It also is the largest holding in the iShares Russell 2000 ETF, which tracks small companies in the U.S. stock market regardless of whether they are considered value or growth stocks.\nA fact sheet for the Russell 2000 value index says the index is updated annually.\n“It is representative of market demand,” said Stephanie Hill, head of index at Mellon, of meme stocks’ growing influence on the benchmarks.\nAMC’s heft in the value index and several ETFs is the latest sign of how the meme stock craze has upended traditional investing.\nGameStop’s surge this year landed it a promotion to the Russell 1000 growth benchmark, sitting alongside tech heavyweights including Apple Inc.,Tesla Inc. and Microsoft Corp.","news_type":1,"symbols_score_info":{".IXIC":0.9,"AMC":0.9,"GME":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5854202,"gmtCreate":1631539878591,"gmtModify":1631891482354,"authorId":3570001951488746,"author":{"id":3570001951488746,"idStr":"3570001951488746","authorId":3570001951488746,"name":"Jaaaaaaa","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886039418,"type":1,"supId":0,"prevId":0,"content":"B","text":"B","html":"B"},{"id":5854054,"gmtCreate":1631539022832,"gmtModify":1631891482324,"authorId":3581564245728047,"author":{"id":3581564245728047,"idStr":"3581564245728047","authorId":3581564245728047,"name":"RonL","avatar":"https://static.tigerbbs.com/1d4873bbdc10ea07ac5244605217386c","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886039418,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":20,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1130452257","isCrawlerRequest":true}