Omg_老虎社区_美港股上老虎

2021-05-20

Omg

The Stock Market Looks Shaky. These Are the Stocks to Own.<blockquote>股市看起来不稳定。这些是值得拥有的股票。</blockquote>

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":130822112,"tweetId":"130822112","gmtCreate":1621524967636,"gmtModify":1631888720245,"author":{"id":3555291946238504,"idStr":"3555291946238504","authorId":3555291946238504,"authorIdStr":"3555291946238504","name":"jeffffffff","avatar":"https://static.tigerbbs.com/35d673450b245c163ff0230859bc7eea","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":6,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Omg</body></html>","htmlText":"<html><head></head><body>Omg</body></html>","text":"Omg","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/130822112","repostId":1181082003,"repostType":4,"repost":{"id":"1181082003","kind":"news","pubTimestamp":1621520324,"share":"https://www.laohu8.com/m/news/1181082003?lang=zh_CN&edition=full","pubTime":"2021-05-20 22:18","market":"us","language":"en","title":"The Stock Market Looks Shaky. These Are the Stocks to Own.<blockquote>股市看起来不稳定。这些是值得拥有的股票。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181082003","media":"Barrons","summary":"An unusual pattern is emerging in stocks, and it isn’t encouraging. While the market has moved up, g","content":"An unusual pattern is emerging in stocks, and it isn’t encouraging. While the market has moved up, growth stocks have fallen or failed to keep up.<blockquote>股市正在出现一种不寻常的模式，这并不令人鼓舞。虽然市场已经上涨，但成长型股票已经下跌或未能跟上。</blockquote> That doesn’t happen in the early stages of a bull market, when high-growth stocks lead the way. It is more characteristic of the fading phase as leadership shifts from speculative growth to value stocks and safer blue chips. Indeed, the rotation out of growth lately has some uncomfortable parallels to market peaks in 1929, 1972, and 2000, all of which preceded brutal bear markets.<blockquote>在牛市的早期阶段，高增长股票处于领先地位，这种情况不会发生。随着领导层从投机性增长转向价值股和更安全的蓝筹股，这更像是衰落阶段的特征。事实上，最近的增长转向与 1929 年、1972 年和 2000 年的市场峰值有一些令人不安的相似之处，所有这些峰值都发生在残酷的熊市之前。</blockquote> “It could be the sign that the market is going to turn lower in a broad fashion,” says Ben Inker, head of asset allocation at GMO, a value manager with more than $60 billion under management.<blockquote>“管理着 600 多亿美元资产的价值管理公司 GMO 的资产配置主管本-英克（Ben Inker）说：”这可能是市场将全面走低的迹象。</blockquote> Granted, for all the negatives hitting stocks—led by fear of inflation and tighter monetary policy—there are some positives. Corporate profits are coming in ahead of Wall Street forecasts as the economy gains momentum, expanding at its fastest pace in decades. As the pandemic winds down and hiring picks up, profit estimates may even increase.<blockquote>诚然，尽管股市受到所有负面影响——由对通货膨胀和紧缩货币政策的担忧——但也有一些积极因素。随着经济势头增强，以几十年来最快的速度扩张，企业利润将超出华尔街的预测。随着疫情的结束和招聘的回升，利润预期甚至可能会增加。</blockquote> But plenty of market signals are flashing red. Cryptocurrencies, special-purpose acquisition companies, and tech stocks are ailing. Equity issuance has soared to its highest levels since the dot-com bubble. Investors have flooded into option bets on individual stocks. And the meme-stock frenzy earlier this spring was a warning that excess liquidity is sloshing around. That money may be starting to drain out faster than it rushed in.<blockquote>但大量市场信号都在闪烁红色。加密货币、特殊目的收购公司和科技股都陷入困境。股票发行已飙升至互联网泡沫以来的最高水平。投资者纷纷押注个股。今年春天早些时候的模因股票狂热是一个警告，表明过剩的流动性正在四处晃动。这笔钱可能开始流出的速度比流入的速度更快。</blockquote> With valuations looking steep, investors may have to temper their expectations for equity returns. Inker, for one, expects 3% returns, adjusted for inflation, in blue chips like&nbsp;Microsoft(ticker: MSFT),Johnson &amp; Johnson(JNJ), and&nbsp;Apple(AAPL). That would be below the historic 6% real return in stocks. But it beats the yields in investment-grade bonds, and it may be all investors can reasonably expect at this juncture.<blockquote>随着估值看起来很高，投资者可能不得不降低对股票回报的预期。例如，Inker 预计微软（股票代码：MSFT）、强生（JNJ）和苹果（AAPL）等蓝筹股的回报率为 3%，经通胀调整后。这将低于股票历史上 6% 的实际回报率。但它超过了投资级债券的收益率，这可能是投资者目前所能合理预期的。</blockquote> Another place to look is the value universe. While nothing is cheap on an absolute basis, Inker says value still looks more attractive than growth. Value normally trades at 50% of the valuation of growth, but it is now at 33%, up from 28% last fall.&nbsp;To go from the current valuation back to normal, Inker says, would imply value “winning” by 64% relative to growth.<blockquote>另一个值得关注的地方是价值宇宙。虽然从绝对角度来看，没有什么是便宜的，但英克表示，价值看起来仍然比增长更具吸引力。价值通常以增长估值的 50% 进行交易，但现在为 33%，高于去年秋季的 28%。Inker 说，从目前的估值回到正常估值意味着价值相对于增长 “胜出 ”64%。</blockquote> “We think value stocks have plenty of room to run relative to the market,” he says.<blockquote>“他说：”我们认为价值股相对于市场有很大的回旋余地。</blockquote> Within the value universe, he recommends higher-quality stocks, while avoiding the more indebted, lower-quality companies. The median small-cap value stock now has debt that is six times its earnings before interest, taxes, depreciation, and amortization. “That’s a little scary,” he says. “Some of these companies have an awful lot of debt. It’s low-cost now but it doesn’t give them much margin of safety if the economy turns out not to be strong.”<blockquote>在价值领域，他推荐高质量的股票，同时避开负债较多、质量较低的公司。小盘股价值股的中位数现在的债务是其息税折旧摊销前利润的六倍。“他说：”这有点吓人。“其中一些公司负债累累。现在成本很低，但如果经济不景气，就不会给它们带来多少安全边际。”</blockquote> Investors can gain exposure to these themes with exchange-traded funds. Names to consider include the&nbsp;iShares Russell 1000 Value ETF&nbsp;(IWD),Vanguard Small-Cap Value&nbsp;(VBR), and&nbsp;iShares S&amp;P Small-Cap 600 Value(IJS).<blockquote>投资者可以通过交易所交易基金接触这些主题。可以考虑的名称包括 iShares Russell 1000 Value ETF (IWD)、Vanguard Small-Cap Value (VBR) 和 iShares S&amp;P Small-Cap 600 Value (IJS)。</blockquote> These ETFs won’t provide shelter in a torrential downpour, but they could leave investors with some dry powder for another day.<blockquote>这些 ETF 不会在倾盆大雨中提供庇护，但它们可以让投资者在另一天拥有一些干粉。</blockquote>","source":"lsy1601382232898","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>The Stock Market Looks Shaky. These Are the Stocks to Own.<blockquote>股市看起来不稳定。这些是值得拥有的股票。</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\">\nThe Stock Market Looks Shaky. These Are the Stocks to Own.<blockquote>股市看起来不稳定。这些是值得拥有的股票。</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nBarrons2021-05-20 22:18\n\n</h4>\n</header>\n<article>\nAn unusual pattern is emerging in stocks, and it isn’t encouraging. While the market has moved up, growth stocks have fallen or failed to keep up.<blockquote>股市正在出现一种不寻常的模式，这并不令人鼓舞。虽然市场已经上涨，但成长型股票已经下跌或未能跟上。</blockquote> That doesn’t happen in the early stages of a bull market, when high-growth stocks lead the way. It is more characteristic of the fading phase as leadership shifts from speculative growth to value stocks and safer blue chips. Indeed, the rotation out of growth lately has some uncomfortable parallels to market peaks in 1929, 1972, and 2000, all of which preceded brutal bear markets.<blockquote>在牛市的早期阶段，高增长股票处于领先地位，这种情况不会发生。随着领导层从投机性增长转向价值股和更安全的蓝筹股，这更像是衰落阶段的特征。事实上，最近的增长转向与 1929 年、1972 年和 2000 年的市场峰值有一些令人不安的相似之处，所有这些峰值都发生在残酷的熊市之前。</blockquote> “It could be the sign that the market is going to turn lower in a broad fashion,” says Ben Inker, head of asset allocation at GMO, a value manager with more than $60 billion under management.<blockquote>“管理着 600 多亿美元资产的价值管理公司 GMO 的资产配置主管本-英克（Ben Inker）说：”这可能是市场将全面走低的迹象。</blockquote> Granted, for all the negatives hitting stocks—led by fear of inflation and tighter monetary policy—there are some positives. Corporate profits are coming in ahead of Wall Street forecasts as the economy gains momentum, expanding at its fastest pace in decades. As the pandemic winds down and hiring picks up, profit estimates may even increase.<blockquote>诚然，尽管股市受到所有负面影响——由对通货膨胀和紧缩货币政策的担忧——但也有一些积极因素。随着经济势头增强，以几十年来最快的速度扩张，企业利润将超出华尔街的预测。随着疫情的结束和招聘的回升，利润预期甚至可能会增加。</blockquote> But plenty of market signals are flashing red. Cryptocurrencies, special-purpose acquisition companies, and tech stocks are ailing. Equity issuance has soared to its highest levels since the dot-com bubble. Investors have flooded into option bets on individual stocks. And the meme-stock frenzy earlier this spring was a warning that excess liquidity is sloshing around. That money may be starting to drain out faster than it rushed in.<blockquote>但大量市场信号都在闪烁红色。加密货币、特殊目的收购公司和科技股都陷入困境。股票发行已飙升至互联网泡沫以来的最高水平。投资者纷纷押注个股。今年春天早些时候的模因股票狂热是一个警告，表明过剩的流动性正在四处晃动。这笔钱可能开始流出的速度比流入的速度更快。</blockquote> With valuations looking steep, investors may have to temper their expectations for equity returns. Inker, for one, expects 3% returns, adjusted for inflation, in blue chips like&nbsp;Microsoft(ticker: MSFT),Johnson &amp; Johnson(JNJ), and&nbsp;Apple(AAPL). That would be below the historic 6% real return in stocks. But it beats the yields in investment-grade bonds, and it may be all investors can reasonably expect at this juncture.<blockquote>随着估值看起来很高，投资者可能不得不降低对股票回报的预期。例如，Inker 预计微软（股票代码：MSFT）、强生（JNJ）和苹果（AAPL）等蓝筹股的回报率为 3%，经通胀调整后。这将低于股票历史上 6% 的实际回报率。但它超过了投资级债券的收益率，这可能是投资者目前所能合理预期的。</blockquote> Another place to look is the value universe. While nothing is cheap on an absolute basis, Inker says value still looks more attractive than growth. Value normally trades at 50% of the valuation of growth, but it is now at 33%, up from 28% last fall.&nbsp;To go from the current valuation back to normal, Inker says, would imply value “winning” by 64% relative to growth.<blockquote>另一个值得关注的地方是价值宇宙。虽然从绝对角度来看，没有什么是便宜的，但英克表示，价值看起来仍然比增长更具吸引力。价值通常以增长估值的 50% 进行交易，但现在为 33%，高于去年秋季的 28%。Inker 说，从目前的估值回到正常估值意味着价值相对于增长 “胜出 ”64%。</blockquote> “We think value stocks have plenty of room to run relative to the market,” he says.<blockquote>“他说：”我们认为价值股相对于市场有很大的回旋余地。</blockquote> Within the value universe, he recommends higher-quality stocks, while avoiding the more indebted, lower-quality companies. The median small-cap value stock now has debt that is six times its earnings before interest, taxes, depreciation, and amortization. “That’s a little scary,” he says. “Some of these companies have an awful lot of debt. It’s low-cost now but it doesn’t give them much margin of safety if the economy turns out not to be strong.”<blockquote>在价值领域，他推荐高质量的股票，同时避开负债较多、质量较低的公司。小盘股价值股的中位数现在的债务是其息税折旧摊销前利润的六倍。“他说：”这有点吓人。“其中一些公司负债累累。现在成本很低，但如果经济不景气，就不会给它们带来多少安全边际。”</blockquote> Investors can gain exposure to these themes with exchange-traded funds. Names to consider include the&nbsp;iShares Russell 1000 Value ETF&nbsp;(IWD),Vanguard Small-Cap Value&nbsp;(VBR), and&nbsp;iShares S&amp;P Small-Cap 600 Value(IJS).<blockquote>投资者可以通过交易所交易基金接触这些主题。可以考虑的名称包括 iShares Russell 1000 Value ETF (IWD)、Vanguard Small-Cap Value (VBR) 和 iShares S&amp;P Small-Cap 600 Value (IJS)。</blockquote> These ETFs won’t provide shelter in a torrential downpour, but they could leave investors with some dry powder for another day.<blockquote>这些 ETF 不会在倾盆大雨中提供庇护，但它们可以让投资者在另一天拥有一些干粉。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/stock-market-value-bargains-51621453639?mod=hp_LATEST\">Barrons</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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/stock-market-value-bargains-51621453639?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181082003","content_text":"An unusual pattern is emerging in stocks, and it isn’t encouraging. While the market has moved up, growth stocks have fallen or failed to keep up.\nThat doesn’t happen in the early stages of a bull market, when high-growth stocks lead the way. It is more characteristic of the fading phase as leadership shifts from speculative growth to value stocks and safer blue chips. Indeed, the rotation out of growth lately has some uncomfortable parallels to market peaks in 1929, 1972, and 2000, all of which preceded brutal bear markets.\n“It could be the sign that the market is going to turn lower in a broad fashion,” says Ben Inker, head of asset allocation at GMO, a value manager with more than $60 billion under management.\nGranted, for all the negatives hitting stocks—led by fear of inflation and tighter monetary policy—there are some positives. Corporate profits are coming in ahead of Wall Street forecasts as the economy gains momentum, expanding at its fastest pace in decades. As the pandemic winds down and hiring picks up, profit estimates may even increase.\nBut plenty of market signals are flashing red. Cryptocurrencies, special-purpose acquisition companies, and tech stocks are ailing. Equity issuance has soared to its highest levels since the dot-com bubble. Investors have flooded into option bets on individual stocks. And the meme-stock frenzy earlier this spring was a warning that excess liquidity is sloshing around. That money may be starting to drain out faster than it rushed in.\nWith valuations looking steep, investors may have to temper their expectations for equity returns. Inker, for one, expects 3% returns, adjusted for inflation, in blue chips like Microsoft(ticker: MSFT),Johnson & Johnson(JNJ), and Apple(AAPL). That would be below the historic 6% real return in stocks. But it beats the yields in investment-grade bonds, and it may be all investors can reasonably expect at this juncture.\nAnother place to look is the value universe. While nothing is cheap on an absolute basis, Inker says value still looks more attractive than growth. Value normally trades at 50% of the valuation of growth, but it is now at 33%, up from 28% last fall. To go from the current valuation back to normal, Inker says, would imply value “winning” by 64% relative to growth.\n“We think value stocks have plenty of room to run relative to the market,” he says.\nWithin the value universe, he recommends higher-quality stocks, while avoiding the more indebted, lower-quality companies. The median small-cap value stock now has debt that is six times its earnings before interest, taxes, depreciation, and amortization. “That’s a little scary,” he says. “Some of these companies have an awful lot of debt. It’s low-cost now but it doesn’t give them much margin of safety if the economy turns out not to be strong.”\nInvestors can gain exposure to these themes with exchange-traded funds. Names to consider include the iShares Russell 1000 Value ETF (IWD),Vanguard Small-Cap Value (VBR), and iShares S&P Small-Cap 600 Value(IJS).\nThese ETFs won’t provide shelter in a torrential downpour, but they could leave investors with some dry powder for another day.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1930,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/130822112"}