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2021-12-15

👍🏻

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2021-10-16

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What Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</blockquote>

2021-10-06

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2021-10-05

😞

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2021-09-20

👍🏻

GameStop: With Short Interest Of Less Than 15% Don't Expect Another Squeeze<blockquote>游戏驿站：空头利息低于15%，预计不会再次出现挤压</blockquote>

2021-09-13

Maybe

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2021-09-12

Seriously

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2021-09-11

Will up again

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2021-09-10

Good

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2021-09-04

Stong

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2021-09-03

Good

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2021-08-31

Exp

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2021-07-26

Major change

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2021-07-11

Please like

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2021-07-06

Strong

Samsung Electronics Q2 profit likely up 38% on strong chip prices<blockquote>由于芯片价格强劲，三星电子第二季度利润可能增长38%</blockquote>

2021-06-30

Wow

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2021-06-30

Good news

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2021-06-28

Bad news

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2021-06-28

Mid year end

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2021-06-27

🤔

Tesla recalls some imported and domestic Model 3 and Model Y in China<blockquote>特斯拉在华召回部分进口及国产Model 3和Model Y</blockquote>

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"images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607169856","repostId":"2191955334","repostType":4,"isVote":1,"tweetType":1,"viewCount":2507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":824594662,"gmtCreate":1634335986563,"gmtModify":1634335986690,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/824594662","repostId":"1139202309","repostType":4,"repost":{"id":"1139202309","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1634280465,"share":"https://www.laohu8.com/m/news/1139202309?lang=zh_CN&edition=full","pubTime":"2021-10-15 14:47","market":"us","language":"en","title":"What Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139202309","media":"Benzinga","summary":"What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve","content":"<p>What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.</p><p><blockquote>美联储缩减规模会发生什么？这是一个价值十亿（或万亿）美元的问题。然而，在我们深入研究可能的结果之前，我们必须首先理解缩减意味着什么。</blockquote></p><p> In response to the coronavirus pandemic, the Federal Reserve&nbsp;slashed interest rates to zero in March 2020&nbsp;to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.</p><p><blockquote>为了应对冠状病毒大流行，美联储于2020年3月将利率下调至零，以帮助提振增长。它还开始每月购买1200亿美元的资产，这是一项被称为量化宽松（QE）的计划，自疫情开始以来，该计划已使美联储的资产负债表增加了大约一倍，达到约8.5万亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d66984161d481448082b5856b1c7465c\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cfe5a1c43965ba4fe7c492c026c915b8\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"><span>Source: Board of Governors of the Federal Reserve System</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：联邦储备系统理事会</span></p></blockquote></p><p> QE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.</p><p><blockquote>量化宽松有助于降低长期利率，从而鼓励借贷以帮助刺激支出，进而刺激经济。通过这样做，美联储实质上减少了这些债券在公开市场上的可用供应，迫使想要持有它们的投资者推高价格。推高债券价格会降低利率，从而降低家庭抵押贷款的借贷成本，或企业通过发行债务借款的成本。</blockquote></p><p> As the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with&nbsp;large companies recently&nbsp;including&nbsp;<b>Caterpillar Inc.</b>&nbsp;and&nbsp;<b>Home Depot</b>&nbsp;taking advantage of to issue new bonds.</p><p><blockquote>随着美联储放慢步伐并削减这些购买数量，缩减购债规模的最终目标是让利率回归“正常”。缩减规模可能会影响长期利率，因为这通常会向市场发出信号，表明美联储未来将转向不太宽松的政策立场。关键是要明白，缩减并不意味着美联储停止购买资产，而只是降低了其资产负债表扩张的步伐。这与紧缩不同，紧缩意味着美联储将不再在其资产负债表上增加资产，而是通过出售资产来减少其持有的资产——最近大公司包括<b>卡特彼勒公司。</b>和<b>家得宝</b>利用发行新债券。</blockquote></p><p> Aside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.</p><p><blockquote>除了利率之外，缩减购债规模也可能对美元产生影响。美元的走势对投资者来说很重要，因为它影响着从大宗商品价格到企业盈利的方方面面。较高的收益率使美元计价资产对寻求收入的投资者更具吸引力。缩减购债规模通常对美元有利，因为这意味着货币政策收紧。由于当国内短期利率上升时，货币通常会升值，随着美联储继续发出即将紧缩的信号，市场正在消化更高的利率。在本已动荡的风险环境中，这为美元提供了支撑，这对避险美元有利。如上所述，如果美联储购买更少的债务资产，流通中的美元就会减少。</blockquote></p><p> The market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.</p><p><blockquote>市场预计缩减进程可能会在今年第四季度的某个时候开始，最早可能在11月。此外，一半的美联储副主席预计利率将在2022年的某个时候上升。美联储主席鲍威尔预计，只要复苏仍在正轨上，缩减进程可能会在明年年中左右结束。央行坚称，他们预计将基金利率保持在接近零的水平，直到劳动力市场状况达到与其最大就业预测一致的水平。我们远未达到大流行前的失业率水平（美国目前有840万失业人员，而2020年2月为570万）。这可能会引发人们的担忧，即在经济可能明显弱于目前的情况下，美联储是否会冒险收紧货币政策。归根结底，如果美联储为2021年第四季度缩减规模做好市场准备，我们可能会面临一段长期波动的时期。</blockquote></p><p></p>","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>What Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</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\">\nWhat Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-10-15 14:47</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.</p><p><blockquote>美联储缩减规模会发生什么？这是一个价值十亿（或万亿）美元的问题。然而，在我们深入研究可能的结果之前，我们必须首先理解缩减意味着什么。</blockquote></p><p> In response to the coronavirus pandemic, the Federal Reserve&nbsp;slashed interest rates to zero in March 2020&nbsp;to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.</p><p><blockquote>为了应对冠状病毒大流行，美联储于2020年3月将利率下调至零，以帮助提振增长。它还开始每月购买1200亿美元的资产，这是一项被称为量化宽松（QE）的计划，自疫情开始以来，该计划已使美联储的资产负债表增加了大约一倍，达到约8.5万亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d66984161d481448082b5856b1c7465c\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cfe5a1c43965ba4fe7c492c026c915b8\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"><span>Source: Board of Governors of the Federal Reserve System</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：联邦储备系统理事会</span></p></blockquote></p><p> QE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.</p><p><blockquote>量化宽松有助于降低长期利率，从而鼓励借贷以帮助刺激支出，进而刺激经济。通过这样做，美联储实质上减少了这些债券在公开市场上的可用供应，迫使想要持有它们的投资者推高价格。推高债券价格会降低利率，从而降低家庭抵押贷款的借贷成本，或企业通过发行债务借款的成本。</blockquote></p><p> As the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with&nbsp;large companies recently&nbsp;including&nbsp;<b>Caterpillar Inc.</b>&nbsp;and&nbsp;<b>Home Depot</b>&nbsp;taking advantage of to issue new bonds.</p><p><blockquote>随着美联储放慢步伐并削减这些购买数量，缩减购债规模的最终目标是让利率回归“正常”。缩减规模可能会影响长期利率，因为这通常会向市场发出信号，表明美联储未来将转向不太宽松的政策立场。关键是要明白，缩减并不意味着美联储停止购买资产，而只是降低了其资产负债表扩张的步伐。这与紧缩不同，紧缩意味着美联储将不再在其资产负债表上增加资产，而是通过出售资产来减少其持有的资产——最近大公司包括<b>卡特彼勒公司。</b>和<b>家得宝</b>利用发行新债券。</blockquote></p><p> Aside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.</p><p><blockquote>除了利率之外，缩减购债规模也可能对美元产生影响。美元的走势对投资者来说很重要，因为它影响着从大宗商品价格到企业盈利的方方面面。较高的收益率使美元计价资产对寻求收入的投资者更具吸引力。缩减购债规模通常对美元有利，因为这意味着货币政策收紧。由于当国内短期利率上升时，货币通常会升值，随着美联储继续发出即将紧缩的信号，市场正在消化更高的利率。在本已动荡的风险环境中，这为美元提供了支撑，这对避险美元有利。如上所述，如果美联储购买更少的债务资产，流通中的美元就会减少。</blockquote></p><p> The market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.</p><p><blockquote>市场预计缩减进程可能会在今年第四季度的某个时候开始，最早可能在11月。此外，一半的美联储副主席预计利率将在2022年的某个时候上升。美联储主席鲍威尔预计，只要复苏仍在正轨上，缩减进程可能会在明年年中左右结束。央行坚称，他们预计将基金利率保持在接近零的水平，直到劳动力市场状况达到与其最大就业预测一致的水平。我们远未达到大流行前的失业率水平（美国目前有840万失业人员，而2020年2月为570万）。这可能会引发人们的担忧，即在经济可能明显弱于目前的情况下，美联储是否会冒险收紧货币政策。归根结底，如果美联储为2021年第四季度缩减规模做好市场准备，我们可能会面临一段长期波动的时期。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139202309","content_text":"What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.\nIn response to the coronavirus pandemic, the Federal Reserve slashed interest rates to zero in March 2020 to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.\n\nSource: Board of Governors of the Federal Reserve System\nQE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.\nAs the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with large companies recently including Caterpillar Inc. and Home Depot taking advantage of to issue new bonds.\nAside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.\nThe market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829322964,"gmtCreate":1633476117839,"gmtModify":1633476117945,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829322964","repostId":"1101968131","repostType":4,"isVote":1,"tweetType":1,"viewCount":1900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820591107,"gmtCreate":1633399623011,"gmtModify":1633399868482,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"😞","listText":"😞","text":"😞","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820591107","repostId":"1196509629","repostType":2,"isVote":1,"tweetType":1,"viewCount":2435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":860049958,"gmtCreate":1632111359574,"gmtModify":1632802758206,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/860049958","repostId":"1147063668","repostType":4,"repost":{"id":"1147063668","kind":"news","pubTimestamp":1632110101,"share":"https://www.laohu8.com/m/news/1147063668?lang=zh_CN&edition=full","pubTime":"2021-09-20 11:55","market":"us","language":"en","title":"GameStop: With Short Interest Of Less Than 15% Don't Expect Another Squeeze<blockquote>游戏驿站：空头利息低于15%，预计不会再次出现挤压</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147063668","media":"Seeking Alpha","summary":"Summary\n\nGameStop continues to be a struggling video gaming retailer with limited upside and no abil","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>GameStop continues to be a struggling video gaming retailer with limited upside and no ability to create additional shareholder value anytime soon.</li>  <li>With short interest of less than 15%, investors shouldn’t expect to see another squeeze happening in the following months.</li>  <li>We stick to our opinion that it’s better to avoid GameStop, especially since its stock is extremely overvalued at the current price.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee370c1ebf4419a57b44005fd9139eda\" tg-width=\"1536\" tg-height=\"1050\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><ul><li>游戏驿站仍然是一家苦苦挣扎的视频游戏零售商，上涨空间有限，也没有能力在短期内创造额外的股东价值。</li><li>由于空头利息低于15%，投资者不应期望在接下来的几个月内看到另一次紧缩。</li><li>我们坚持我们的观点，最好避开游戏驿站，特别是因为其股票以目前的价格被严重高估。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> It’s safe to say that GameStop’s (GME) squeeze has run its course and with a&nbsp;short interest&nbsp;of less than 15%, investors shouldn’t expect to see another squeeze happening anytime soon. In addition, as GameStop continues to struggle to improve its performance, while the gaming industry experiences double-digit growth, it’s unlikely that the retailer will be able to create additional shareholder value in the foreseeable future. Considering this, we stick to our opinion that it’s better to avoid GameStop, especially since it’s extremely overvalued at the current levels.</p><p><blockquote>可以肯定地说，游戏驿站(GME)的挤压已经结束，空头利息低于15%，投资者不应指望很快会看到另一次挤压发生。此外，由于游戏驿站继续努力提高业绩，而游戏行业却经历了两位数的增长，该零售商不太可能在可预见的未来创造额外的股东价值。考虑到这一点，我们坚持我们的观点，即最好避免游戏驿站，特别是因为它在当前水平上被严重高估。</blockquote></p><p> <b>Nothing To Look At</b></p><p><blockquote><b>没什么可看的</b></blockquote></p><p> GameStop continues to be a struggling video gaming retailer at this stage. Its business failed to significantly improve during the greatest growth of the video gaming industry in a decade, and it’s unlikely going to improve anytime soon. While retail traders managed to squeeze short-sellers earlier this year, GameStop’s stock failed to gain any traction in recent months. We were right when we said that its momentum is fading away, as the stock is down nearly 7% from when our last&nbsp;article&nbsp;on the company was published in late June, while the S&amp;P 500 is up over 5% for the same period. Going forward, we continue to believe that GameStop’s shares will depreciate even more in the foreseeable future.</p><p><blockquote>现阶段，游戏驿站仍然是一家苦苦挣扎的视频游戏零售商。在视频游戏行业十年来最大的增长期间，其业务未能显着改善，而且不太可能很快改善。尽管散户交易员今年早些时候成功挤压了卖空者，但游戏驿站的股票近几个月未能获得任何牵引力。当我们说它的势头正在消退时，我们是对的，因为该股较我们6月底发表上一篇关于该公司的文章时下跌了近7%，而标普500同期上涨了5%以上。展望未来，我们仍然相信游戏驿站的股价在可预见的未来将进一步贬值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4696f8a9da1fed768fa7fb834d81999b\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"><span>Chart: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>图表：寻求阿尔法</span></p></blockquote></p><p> Just last week GameStop&nbsp;released&nbsp;its Q2 earnings results. During the period, the company managed to generate only $1.18 billion in revenues, up 25.3% Y/Y, barely beating the estimates by $60 million. The problem is that a 25.3% Y/Y growth is terrible for a company such as GameStop since lots of its stores were shut down during the same period last year due to the pandemic and a minimal amount of revenue was generated. On top of that, the company’s non-GAAP EPS was -$0.76, below the estimates by $0.09, while its net loss stood at $61.6 million.</p><p><blockquote>就在上周，游戏驿站发布了第二季度财报。在此期间，该公司仅实现收入11.8亿美元，同比增长25.3%，仅超出预期6000万美元。问题是，25.3%的同比增长对于游戏驿站这样的公司来说是可怕的，因为去年同期该公司的许多商店因疫情而关闭，并且产生的收入很少。除此之外，该公司的非GAAP每股收益为-0.76美元，比预期低0.09美元，而净亏损为6160万美元。</blockquote></p><p> The biggest downside of GameStop is that it doesn’t have any unique positioning in the video gaming industry. The company acts as a middleman with no clear advantages to publishers or consumers, while at the same time its retail-focused business model is unable to adapt to the new reality where games can be easily and legally downloaded online. Another problem of GameStop is that at the end of Q2 most of its revenues come from the sale of hardware such as consoles, which were released last year. Once the demand for new devices decreases over time, the sales of the hardware side of the business will decline as well.</p><p><blockquote>游戏驿站最大的缺点是它在视频游戏行业没有任何独特的定位。该公司充当中间商，对发行商或消费者没有明显优势，同时其以零售为中心的商业模式无法适应游戏可以轻松合法地在线下载的新现实。游戏驿站的另一个问题是，第二季度末，其大部分收入来自去年发布的游戏机等硬件的销售。一旦对新设备的需求随着时间的推移而减少，业务硬件方面的销售额也会下降。</blockquote></p><p> With Ryan Cohen as the new chairman of the board, the goal of GameStop right now is to pivot to the eCommerce business. However, we find it hard to believe that the company has a decent shot of becoming a video gaming behemoth in the eCommerce field. The problem is that GameStop doesn’t have any pricing power in the software business, as publishers such as Microsoft (MSFT), Sony (SNE), Ubisoft (OTCPK:UBSFY), Electronic Arts (EA), and others are already ahead of GameStop in online presence. Most of them have their own first-party subscription services that make it more attractive for gamers to use the services directly and play games at a significant discount rather than buy games from GameStop. On top of that, cloud gaming becomes more of a reality with each passing year thanks to the introduction of services such as PlayStation Now and Xbox Cloud Gaming, which let consumers play games without owning them in the first place. As the industry continues to digitize more and more every year, GameStop will continue to lose market share, as its retail stores will continue to drain the cash, while eCommerce efforts are unlikely going to generate meaningful returns anytime soon.</p><p><blockquote>随着Ryan Cohen成为新任董事会主席，游戏驿站目前的目标是转向电子商务业务。然而，我们很难相信该公司有机会成为电子商务领域的视频游戏巨头。问题是游戏驿站在软件业务上没有任何定价权，因为微软（MSFT）、索尼（SNE）、育碧（OTCPK：UBSFY）、艺电（EA）等出版商已经领先于游戏驿站在线业务。他们中的大多数都有自己的第一方订阅服务，这使得游戏玩家直接使用这些服务并以大幅折扣玩游戏比从游戏驿站购买游戏更具吸引力。最重要的是，由于PlayStation Now和Xbox Cloud Gaming等服务的推出，云游戏逐年变得更加现实，这些服务让消费者无需首先拥有游戏即可玩游戏。随着该行业每年都在不断数字化，游戏驿站将继续失去市场份额，因为其零售店将继续消耗现金，而电子商务努力不太可能很快产生有意义的回报。</blockquote></p><p> Another downside of GameStop is that the management has been quiet about how GameStop will transform itself, leaving investors in the dark. No questions from analysts were taken during the last three conference calls and no guidance was issued as well. We consider this to be a major red flag and believe this to be one of the main reasons why GameStop is an unattractive investment.</p><p><blockquote>游戏驿站的另一个缺点是，管理层对游戏驿站将如何转型保持沉默，让投资者蒙在鼓里。在过去三次会议评级上，分析师没有提出任何问题，也没有发布任何指导意见。我们认为这是一个主要的危险信号，并认为这是游戏驿站投资缺乏吸引力的主要原因之一。</blockquote></p><p></p><p> The only positive thing about the company is that it doesn’t have an overleveraged balance sheet, as its liquidity at the end of Q2&nbsp;stood&nbsp;at $1.72 billion, while long-term debt was only $47.5 million. However, other than that, we don’t see any other upside of GameStop and believe that its momentum will continue to fade. It’s already safe to say that the squeeze has run its course, as the stock has a short interest of less than 15%, and there are no catalysts for growth at the current levels. On top of that, the company’s annual revenue is unlikely to return to pre-pandemic levels anytime soon. Currently, the business is expected to continue to generate less than $6 billion in annual revenues this year, as its retail-focused business model is slowly dying, while the video gaming industry continues to grow at a double-digit rate every year.</p><p><blockquote>该公司唯一的积极之处在于它的资产负债表没有过度杠杆化，因为其第二季度末的流动性为17.2亿美元，而长期债务仅为4750万美元。然而，除此之外，我们没有看到游戏驿站的任何其他优势，并认为其势头将继续消退。可以肯定地说，挤压已经结束，因为该股的空头利息不到15%，而且目前水平不存在增长催化剂。最重要的是，该公司的年收入不太可能很快恢复到大流行前的水平。目前，该业务预计今年的年收入将继续低于60亿美元，因为其以零售为中心的商业模式正在慢慢消亡，而视频游戏行业每年仍以两位数的速度增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb72f458ec8ffd4315f63b7f456e4b13\" tg-width=\"875\" tg-height=\"375\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> In addition, GameStop’s business has been unprofitable in the last three years when the gaming industry was growing, and it’s likely going to remain unprofitable this year, as nearly all of the company’s profitability&nbsp;metrics&nbsp;are below the sector median, while most of its margins are negative.</p><p><blockquote>此外，在游戏行业增长的过去三年中，游戏驿站的业务一直处于无利可图的状态，今年也很可能保持无利可图，因为该公司几乎所有的盈利指标都低于行业中位数，而大部分利润率都是负面的。</blockquote></p><p> Considering all of this, we find it hard to justify buying GameStop’s stock at a ~$15 billion market cap, as we see no catalysts that could’ve helped the business to improve its performance in the future. Also, most of the street analysts remain bearish on the stock, as the current&nbsp;consensus&nbsp;price target for GameStop’s shares is $37.50 per share, which represents more than 75% downside from the current market price. For that reason, we stick to our opinion that the momentum is fading away and it’s better to avoid GameStop at this stage.</p><p><blockquote>考虑到所有这些，我们发现很难证明以约150亿美元的市值购买游戏驿站股票是合理的，因为我们认为没有任何催化剂可以帮助该公司改善未来的业绩。此外，大多数华尔街分析师仍然看跌该股，因为游戏驿站股票目前的一致目标价为每股37.50美元，较当前市场价格下跌超过75%。因此，我们坚持认为势头正在消退，现阶段最好避免游戏驿站。</blockquote></p><p></p>","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>GameStop: With Short Interest Of Less Than 15% Don't Expect Another Squeeze<blockquote>游戏驿站：空头利息低于15%，预计不会再次出现挤压</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\">\nGameStop: With Short Interest Of Less Than 15% Don't Expect Another Squeeze<blockquote>游戏驿站：空头利息低于15%，预计不会再次出现挤压</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-09-20 11:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>GameStop continues to be a struggling video gaming retailer with limited upside and no ability to create additional shareholder value anytime soon.</li>  <li>With short interest of less than 15%, investors shouldn’t expect to see another squeeze happening in the following months.</li>  <li>We stick to our opinion that it’s better to avoid GameStop, especially since its stock is extremely overvalued at the current price.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee370c1ebf4419a57b44005fd9139eda\" tg-width=\"1536\" tg-height=\"1050\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><ul><li>游戏驿站仍然是一家苦苦挣扎的视频游戏零售商，上涨空间有限，也没有能力在短期内创造额外的股东价值。</li><li>由于空头利息低于15%，投资者不应期望在接下来的几个月内看到另一次紧缩。</li><li>我们坚持我们的观点，最好避开游戏驿站，特别是因为其股票以目前的价格被严重高估。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> It’s safe to say that GameStop’s (GME) squeeze has run its course and with a&nbsp;short interest&nbsp;of less than 15%, investors shouldn’t expect to see another squeeze happening anytime soon. In addition, as GameStop continues to struggle to improve its performance, while the gaming industry experiences double-digit growth, it’s unlikely that the retailer will be able to create additional shareholder value in the foreseeable future. Considering this, we stick to our opinion that it’s better to avoid GameStop, especially since it’s extremely overvalued at the current levels.</p><p><blockquote>可以肯定地说，游戏驿站(GME)的挤压已经结束，空头利息低于15%，投资者不应指望很快会看到另一次挤压发生。此外，由于游戏驿站继续努力提高业绩，而游戏行业却经历了两位数的增长，该零售商不太可能在可预见的未来创造额外的股东价值。考虑到这一点，我们坚持我们的观点，即最好避免游戏驿站，特别是因为它在当前水平上被严重高估。</blockquote></p><p> <b>Nothing To Look At</b></p><p><blockquote><b>没什么可看的</b></blockquote></p><p> GameStop continues to be a struggling video gaming retailer at this stage. Its business failed to significantly improve during the greatest growth of the video gaming industry in a decade, and it’s unlikely going to improve anytime soon. While retail traders managed to squeeze short-sellers earlier this year, GameStop’s stock failed to gain any traction in recent months. We were right when we said that its momentum is fading away, as the stock is down nearly 7% from when our last&nbsp;article&nbsp;on the company was published in late June, while the S&amp;P 500 is up over 5% for the same period. Going forward, we continue to believe that GameStop’s shares will depreciate even more in the foreseeable future.</p><p><blockquote>现阶段，游戏驿站仍然是一家苦苦挣扎的视频游戏零售商。在视频游戏行业十年来最大的增长期间，其业务未能显着改善，而且不太可能很快改善。尽管散户交易员今年早些时候成功挤压了卖空者，但游戏驿站的股票近几个月未能获得任何牵引力。当我们说它的势头正在消退时，我们是对的，因为该股较我们6月底发表上一篇关于该公司的文章时下跌了近7%，而标普500同期上涨了5%以上。展望未来，我们仍然相信游戏驿站的股价在可预见的未来将进一步贬值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4696f8a9da1fed768fa7fb834d81999b\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"><span>Chart: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>图表：寻求阿尔法</span></p></blockquote></p><p> Just last week GameStop&nbsp;released&nbsp;its Q2 earnings results. During the period, the company managed to generate only $1.18 billion in revenues, up 25.3% Y/Y, barely beating the estimates by $60 million. The problem is that a 25.3% Y/Y growth is terrible for a company such as GameStop since lots of its stores were shut down during the same period last year due to the pandemic and a minimal amount of revenue was generated. On top of that, the company’s non-GAAP EPS was -$0.76, below the estimates by $0.09, while its net loss stood at $61.6 million.</p><p><blockquote>就在上周，游戏驿站发布了第二季度财报。在此期间，该公司仅实现收入11.8亿美元，同比增长25.3%，仅超出预期6000万美元。问题是，25.3%的同比增长对于游戏驿站这样的公司来说是可怕的，因为去年同期该公司的许多商店因疫情而关闭，并且产生的收入很少。除此之外，该公司的非GAAP每股收益为-0.76美元，比预期低0.09美元，而净亏损为6160万美元。</blockquote></p><p> The biggest downside of GameStop is that it doesn’t have any unique positioning in the video gaming industry. The company acts as a middleman with no clear advantages to publishers or consumers, while at the same time its retail-focused business model is unable to adapt to the new reality where games can be easily and legally downloaded online. Another problem of GameStop is that at the end of Q2 most of its revenues come from the sale of hardware such as consoles, which were released last year. Once the demand for new devices decreases over time, the sales of the hardware side of the business will decline as well.</p><p><blockquote>游戏驿站最大的缺点是它在视频游戏行业没有任何独特的定位。该公司充当中间商，对发行商或消费者没有明显优势，同时其以零售为中心的商业模式无法适应游戏可以轻松合法地在线下载的新现实。游戏驿站的另一个问题是，第二季度末，其大部分收入来自去年发布的游戏机等硬件的销售。一旦对新设备的需求随着时间的推移而减少，业务硬件方面的销售额也会下降。</blockquote></p><p> With Ryan Cohen as the new chairman of the board, the goal of GameStop right now is to pivot to the eCommerce business. However, we find it hard to believe that the company has a decent shot of becoming a video gaming behemoth in the eCommerce field. The problem is that GameStop doesn’t have any pricing power in the software business, as publishers such as Microsoft (MSFT), Sony (SNE), Ubisoft (OTCPK:UBSFY), Electronic Arts (EA), and others are already ahead of GameStop in online presence. Most of them have their own first-party subscription services that make it more attractive for gamers to use the services directly and play games at a significant discount rather than buy games from GameStop. On top of that, cloud gaming becomes more of a reality with each passing year thanks to the introduction of services such as PlayStation Now and Xbox Cloud Gaming, which let consumers play games without owning them in the first place. As the industry continues to digitize more and more every year, GameStop will continue to lose market share, as its retail stores will continue to drain the cash, while eCommerce efforts are unlikely going to generate meaningful returns anytime soon.</p><p><blockquote>随着Ryan Cohen成为新任董事会主席，游戏驿站目前的目标是转向电子商务业务。然而，我们很难相信该公司有机会成为电子商务领域的视频游戏巨头。问题是游戏驿站在软件业务上没有任何定价权，因为微软（MSFT）、索尼（SNE）、育碧（OTCPK：UBSFY）、艺电（EA）等出版商已经领先于游戏驿站在线业务。他们中的大多数都有自己的第一方订阅服务，这使得游戏玩家直接使用这些服务并以大幅折扣玩游戏比从游戏驿站购买游戏更具吸引力。最重要的是，由于PlayStation Now和Xbox Cloud Gaming等服务的推出，云游戏逐年变得更加现实，这些服务让消费者无需首先拥有游戏即可玩游戏。随着该行业每年都在不断数字化，游戏驿站将继续失去市场份额，因为其零售店将继续消耗现金，而电子商务努力不太可能很快产生有意义的回报。</blockquote></p><p> Another downside of GameStop is that the management has been quiet about how GameStop will transform itself, leaving investors in the dark. No questions from analysts were taken during the last three conference calls and no guidance was issued as well. We consider this to be a major red flag and believe this to be one of the main reasons why GameStop is an unattractive investment.</p><p><blockquote>游戏驿站的另一个缺点是，管理层对游戏驿站将如何转型保持沉默，让投资者蒙在鼓里。在过去三次会议评级上，分析师没有提出任何问题，也没有发布任何指导意见。我们认为这是一个主要的危险信号，并认为这是游戏驿站投资缺乏吸引力的主要原因之一。</blockquote></p><p></p><p> The only positive thing about the company is that it doesn’t have an overleveraged balance sheet, as its liquidity at the end of Q2&nbsp;stood&nbsp;at $1.72 billion, while long-term debt was only $47.5 million. However, other than that, we don’t see any other upside of GameStop and believe that its momentum will continue to fade. It’s already safe to say that the squeeze has run its course, as the stock has a short interest of less than 15%, and there are no catalysts for growth at the current levels. On top of that, the company’s annual revenue is unlikely to return to pre-pandemic levels anytime soon. Currently, the business is expected to continue to generate less than $6 billion in annual revenues this year, as its retail-focused business model is slowly dying, while the video gaming industry continues to grow at a double-digit rate every year.</p><p><blockquote>该公司唯一的积极之处在于它的资产负债表没有过度杠杆化，因为其第二季度末的流动性为17.2亿美元，而长期债务仅为4750万美元。然而，除此之外，我们没有看到游戏驿站的任何其他优势，并认为其势头将继续消退。可以肯定地说，挤压已经结束，因为该股的空头利息不到15%，而且目前水平不存在增长催化剂。最重要的是，该公司的年收入不太可能很快恢复到大流行前的水平。目前，该业务预计今年的年收入将继续低于60亿美元，因为其以零售为中心的商业模式正在慢慢消亡，而视频游戏行业每年仍以两位数的速度增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb72f458ec8ffd4315f63b7f456e4b13\" tg-width=\"875\" tg-height=\"375\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> In addition, GameStop’s business has been unprofitable in the last three years when the gaming industry was growing, and it’s likely going to remain unprofitable this year, as nearly all of the company’s profitability&nbsp;metrics&nbsp;are below the sector median, while most of its margins are negative.</p><p><blockquote>此外，在游戏行业增长的过去三年中，游戏驿站的业务一直处于无利可图的状态，今年也很可能保持无利可图，因为该公司几乎所有的盈利指标都低于行业中位数，而大部分利润率都是负面的。</blockquote></p><p> Considering all of this, we find it hard to justify buying GameStop’s stock at a ~$15 billion market cap, as we see no catalysts that could’ve helped the business to improve its performance in the future. Also, most of the street analysts remain bearish on the stock, as the current&nbsp;consensus&nbsp;price target for GameStop’s shares is $37.50 per share, which represents more than 75% downside from the current market price. For that reason, we stick to our opinion that the momentum is fading away and it’s better to avoid GameStop at this stage.</p><p><blockquote>考虑到所有这些，我们发现很难证明以约150亿美元的市值购买游戏驿站股票是合理的，因为我们认为没有任何催化剂可以帮助该公司改善未来的业绩。此外，大多数华尔街分析师仍然看跌该股，因为游戏驿站股票目前的一致目标价为每股37.50美元，较当前市场价格下跌超过75%。因此，我们坚持认为势头正在消退，现阶段最好避免游戏驿站。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4455492-gamestop-with-short-interest-of-less-than-15-percent-dont-expect-another-squeeze\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://seekingalpha.com/article/4455492-gamestop-with-short-interest-of-less-than-15-percent-dont-expect-another-squeeze","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147063668","content_text":"Summary\n\nGameStop continues to be a struggling video gaming retailer with limited upside and no ability to create additional shareholder value anytime soon.\nWith short interest of less than 15%, investors shouldn’t expect to see another squeeze happening in the following months.\nWe stick to our opinion that it’s better to avoid GameStop, especially since its stock is extremely overvalued at the current price.\n\nJustin Sullivan/Getty Images News\nIt’s safe to say that GameStop’s (GME) squeeze has run its course and with a short interest of less than 15%, investors shouldn’t expect to see another squeeze happening anytime soon. In addition, as GameStop continues to struggle to improve its performance, while the gaming industry experiences double-digit growth, it’s unlikely that the retailer will be able to create additional shareholder value in the foreseeable future. Considering this, we stick to our opinion that it’s better to avoid GameStop, especially since it’s extremely overvalued at the current levels.\nNothing To Look At\nGameStop continues to be a struggling video gaming retailer at this stage. Its business failed to significantly improve during the greatest growth of the video gaming industry in a decade, and it’s unlikely going to improve anytime soon. While retail traders managed to squeeze short-sellers earlier this year, GameStop’s stock failed to gain any traction in recent months. We were right when we said that its momentum is fading away, as the stock is down nearly 7% from when our last article on the company was published in late June, while the S&P 500 is up over 5% for the same period. Going forward, we continue to believe that GameStop’s shares will depreciate even more in the foreseeable future.\nChart: Seeking Alpha\nJust last week GameStop released its Q2 earnings results. During the period, the company managed to generate only $1.18 billion in revenues, up 25.3% Y/Y, barely beating the estimates by $60 million. The problem is that a 25.3% Y/Y growth is terrible for a company such as GameStop since lots of its stores were shut down during the same period last year due to the pandemic and a minimal amount of revenue was generated. On top of that, the company’s non-GAAP EPS was -$0.76, below the estimates by $0.09, while its net loss stood at $61.6 million.\nThe biggest downside of GameStop is that it doesn’t have any unique positioning in the video gaming industry. The company acts as a middleman with no clear advantages to publishers or consumers, while at the same time its retail-focused business model is unable to adapt to the new reality where games can be easily and legally downloaded online. Another problem of GameStop is that at the end of Q2 most of its revenues come from the sale of hardware such as consoles, which were released last year. Once the demand for new devices decreases over time, the sales of the hardware side of the business will decline as well.\nWith Ryan Cohen as the new chairman of the board, the goal of GameStop right now is to pivot to the eCommerce business. However, we find it hard to believe that the company has a decent shot of becoming a video gaming behemoth in the eCommerce field. The problem is that GameStop doesn’t have any pricing power in the software business, as publishers such as Microsoft (MSFT), Sony (SNE), Ubisoft (OTCPK:UBSFY), Electronic Arts (EA), and others are already ahead of GameStop in online presence. Most of them have their own first-party subscription services that make it more attractive for gamers to use the services directly and play games at a significant discount rather than buy games from GameStop. On top of that, cloud gaming becomes more of a reality with each passing year thanks to the introduction of services such as PlayStation Now and Xbox Cloud Gaming, which let consumers play games without owning them in the first place. As the industry continues to digitize more and more every year, GameStop will continue to lose market share, as its retail stores will continue to drain the cash, while eCommerce efforts are unlikely going to generate meaningful returns anytime soon.\nAnother downside of GameStop is that the management has been quiet about how GameStop will transform itself, leaving investors in the dark. No questions from analysts were taken during the last three conference calls and no guidance was issued as well. We consider this to be a major red flag and believe this to be one of the main reasons why GameStop is an unattractive investment.\nThe only positive thing about the company is that it doesn’t have an overleveraged balance sheet, as its liquidity at the end of Q2 stood at $1.72 billion, while long-term debt was only $47.5 million. However, other than that, we don’t see any other upside of GameStop and believe that its momentum will continue to fade. It’s already safe to say that the squeeze has run its course, as the stock has a short interest of less than 15%, and there are no catalysts for growth at the current levels. On top of that, the company’s annual revenue is unlikely to return to pre-pandemic levels anytime soon. Currently, the business is expected to continue to generate less than $6 billion in annual revenues this year, as its retail-focused business model is slowly dying, while the video gaming industry continues to grow at a double-digit rate every year.\nSource: Seeking Alpha\nIn addition, GameStop’s business has been unprofitable in the last three years when the gaming industry was growing, and it’s likely going to remain unprofitable this year, as nearly all of the company’s profitability metrics are below the sector median, while most of its margins are negative.\nConsidering all of this, we find it hard to justify buying GameStop’s stock at a ~$15 billion market cap, as we see no catalysts that could’ve helped the business to improve its performance in the future. Also, most of the street analysts remain bearish on the stock, as the current consensus price target for GameStop’s shares is $37.50 per share, which represents more than 75% downside from the current market price. For that reason, we stick to our opinion that the momentum is fading away and it’s better to avoid GameStop at this 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08:27","market":"us","language":"en","title":"Samsung Electronics Q2 profit likely up 38% on strong chip prices<blockquote>由于芯片价格强劲，三星电子第二季度利润可能增长38%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123392624","media":"Reuters","summary":"Summary\n\nQ2 operating profit estimated at 11.3 trln won\nSurging chip prices, shipments boost profit\n","content":"<p><li>Summary</li> <ul>  <li>Q2 operating profit estimated at 11.3 trln won</li>  <li>Surging chip prices, shipments boost profit</li>  <li>Revenue estimated up 15.4%</li>  <li>Smartphones shipments likely fell on quarter</li> </ul> SEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd(005930.KS)likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.</p><p><blockquote><li>总结</li><ul><li>第二季度营业利润预计为11.3万亿韩元</li><li>芯片价格飙升出货量提振利润</li><li>收入预计增长15.4%</li><li>智能手机出货量可能环比下降</li></ul>路透首尔7月6日-三星电子有限公司(005930.KS)4月至6月季度利润可能飙升38%，这得益于强劲的芯片价格以及大流行导致的消费者对电子产品的需求以及数据中心投资的恢复。</blockquote></p><p> Operating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.</p><p><blockquote>根据Refinitiv SmartEstimate从20名分析师中得出的数据，这家全球最大的存储芯片和智能手机制造商的营业利润可能跃升至11.3万亿韩元（100亿美元），并向更准确的分析师加权。</blockquote></p><p> The South Korean tech giant's strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.</p><p><blockquote>这家韩国科技巨头的强劲表现——尽管其智能手机出货量低于1月至3月——凸显了对芯片的巨大需求，芯片已经耗尽库存并填满了产能。</blockquote></p><p> The result would be up 20% from the first quarter and mark Samsung's highest operating income for the second quarter since 2018. Revenue likely rose 15.4%.</p><p><blockquote>这一结果将比第一季度增长20%，标志着三星自2018年以来第二季度的最高营业收入。收入可能增长15.4%。</blockquote></p><p> Samsung is scheduled to announce preliminary second-quarter results on Wednesday.</p><p><blockquote>三星定于周三公布第二季度初步业绩。</blockquote></p><p> The company's chip division likely benefited from memory chip price hikes that exceeded market estimates, analysts said, while shipments grew as well.</p><p><blockquote>分析师表示，该公司的芯片部门可能受益于超出市场预期的存储芯片价格上涨，同时出货量也有所增长。</blockquote></p><p> Prices of DRAM chips, widely used in servers, mobile phones and other computing devices, jumped 27% compared to the March quarter, while those of NAND flash chips that serve the data storage market rose 8.6%, according to research provider Trendforce.</p><p><blockquote>根据研究提供商Trendforce的数据，广泛用于服务器、手机和其他计算设备的DRAM芯片的价格与3月份季度相比上涨了27%，而服务于数据存储市场的NAND闪存芯片的价格上涨了8.6%。</blockquote></p><p> Profit also improved at Samsung's chip-contract manufacturing and logic chip design business, partly because operations at its storm-hit Texas factory returned to normal, analysts said.</p><p><blockquote>分析师表示，三星芯片合同制造和逻辑芯片设计业务的利润也有所改善，部分原因是遭受风暴袭击的德克萨斯州工厂的运营恢复正常。</blockquote></p><p> They estimated the chip division's operating profit in April-June rose about 22% from the year-earlier period to about 6.6 trillion won.</p><p><blockquote>他们估计芯片部门4-6月的营业利润同比增长约22%，达到约6.6万亿韩元。</blockquote></p><p> Still, Samsung's smartphone shipments dropped to about 59 million in April-June from about 76 million in the first quarter, according to Shinyoung Investment &amp; Securities, as sales slowed for its latest flagship model, launched in mid-January.</p><p><blockquote>尽管如此，根据Shinyoung Investment&amp;Securities的数据，由于1月中旬推出的最新旗舰机型销售放缓，三星智能手机出货量从第一季度的约7600万部降至4月至6月的约5900万部。</blockquote></p><p> Reduced demand from India, hard hit by the pandemic during the quarter, as well as tight supply for some mobile processor chips may also have affected shipments, analysts said, estimating the mobile business' operating profit at about 2.9 trillion won.</p><p><blockquote>分析师表示，本季度受到疫情重创的印度需求减少，以及一些移动处理器芯片供应紧张，也可能影响了出货量，预计移动业务的营业利润约为2.9万亿韩元。</blockquote></p><p> ($1 = 1,129.2800 won)</p><p><blockquote>（1美元=1,129.2800韩元）</blockquote></p><p></p>","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>Samsung Electronics Q2 profit likely up 38% on strong chip prices<blockquote>由于芯片价格强劲，三星电子第二季度利润可能增长38%</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; 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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: 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\">\nSamsung Electronics Q2 profit likely up 38% on strong chip prices<blockquote>由于芯片价格强劲，三星电子第二季度利润可能增长38%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-06 08:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p><li>Summary</li> <ul>  <li>Q2 operating profit estimated at 11.3 trln won</li>  <li>Surging chip prices, shipments boost profit</li>  <li>Revenue estimated up 15.4%</li>  <li>Smartphones shipments likely fell on quarter</li> </ul> SEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd(005930.KS)likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.</p><p><blockquote><li>总结</li><ul><li>第二季度营业利润预计为11.3万亿韩元</li><li>芯片价格飙升出货量提振利润</li><li>收入预计增长15.4%</li><li>智能手机出货量可能环比下降</li></ul>路透首尔7月6日-三星电子有限公司(005930.KS)4月至6月季度利润可能飙升38%，这得益于强劲的芯片价格以及大流行导致的消费者对电子产品的需求以及数据中心投资的恢复。</blockquote></p><p> Operating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.</p><p><blockquote>根据Refinitiv SmartEstimate从20名分析师中得出的数据，这家全球最大的存储芯片和智能手机制造商的营业利润可能跃升至11.3万亿韩元（100亿美元），并向更准确的分析师加权。</blockquote></p><p> The South Korean tech giant's strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.</p><p><blockquote>这家韩国科技巨头的强劲表现——尽管其智能手机出货量低于1月至3月——凸显了对芯片的巨大需求，芯片已经耗尽库存并填满了产能。</blockquote></p><p> The result would be up 20% from the first quarter and mark Samsung's highest operating income for the second quarter since 2018. Revenue likely rose 15.4%.</p><p><blockquote>这一结果将比第一季度增长20%，标志着三星自2018年以来第二季度的最高营业收入。收入可能增长15.4%。</blockquote></p><p> Samsung is scheduled to announce preliminary second-quarter results on Wednesday.</p><p><blockquote>三星定于周三公布第二季度初步业绩。</blockquote></p><p> The company's chip division likely benefited from memory chip price hikes that exceeded market estimates, analysts said, while shipments grew as well.</p><p><blockquote>分析师表示，该公司的芯片部门可能受益于超出市场预期的存储芯片价格上涨，同时出货量也有所增长。</blockquote></p><p> Prices of DRAM chips, widely used in servers, mobile phones and other computing devices, jumped 27% compared to the March quarter, while those of NAND flash chips that serve the data storage market rose 8.6%, according to research provider Trendforce.</p><p><blockquote>根据研究提供商Trendforce的数据，广泛用于服务器、手机和其他计算设备的DRAM芯片的价格与3月份季度相比上涨了27%，而服务于数据存储市场的NAND闪存芯片的价格上涨了8.6%。</blockquote></p><p> Profit also improved at Samsung's chip-contract manufacturing and logic chip design business, partly because operations at its storm-hit Texas factory returned to normal, analysts said.</p><p><blockquote>分析师表示，三星芯片合同制造和逻辑芯片设计业务的利润也有所改善，部分原因是遭受风暴袭击的德克萨斯州工厂的运营恢复正常。</blockquote></p><p> They estimated the chip division's operating profit in April-June rose about 22% from the year-earlier period to about 6.6 trillion won.</p><p><blockquote>他们估计芯片部门4-6月的营业利润同比增长约22%，达到约6.6万亿韩元。</blockquote></p><p> Still, Samsung's smartphone shipments dropped to about 59 million in April-June from about 76 million in the first quarter, according to Shinyoung Investment &amp; Securities, as sales slowed for its latest flagship model, launched in mid-January.</p><p><blockquote>尽管如此，根据Shinyoung Investment&amp;Securities的数据，由于1月中旬推出的最新旗舰机型销售放缓，三星智能手机出货量从第一季度的约7600万部降至4月至6月的约5900万部。</blockquote></p><p> Reduced demand from India, hard hit by the pandemic during the quarter, as well as tight supply for some mobile processor chips may also have affected shipments, analysts said, estimating the mobile business' operating profit at about 2.9 trillion won.</p><p><blockquote>分析师表示，本季度受到疫情重创的印度需求减少，以及一些移动处理器芯片供应紧张，也可能影响了出货量，预计移动业务的营业利润约为2.9万亿韩元。</blockquote></p><p> ($1 = 1,129.2800 won)</p><p><blockquote>（1美元=1,129.2800韩元）</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/retail-consumer/samsung-electronics-q2-profit-likely-up-38-strong-chip-prices-2021-07-05/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/business/retail-consumer/samsung-electronics-q2-profit-likely-up-38-strong-chip-prices-2021-07-05/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123392624","content_text":"Summary\n\nQ2 operating profit estimated at 11.3 trln won\nSurging chip prices, shipments boost profit\nRevenue estimated up 15.4%\nSmartphones shipments likely fell on quarter\n\nSEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd(005930.KS)likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.\nOperating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.\nThe South Korean tech giant's strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.\nThe result would be up 20% from the first quarter and mark Samsung's highest operating income for the second quarter since 2018. Revenue likely rose 15.4%.\nSamsung is scheduled to announce preliminary second-quarter results on Wednesday.\nThe company's chip division likely benefited from memory chip price hikes that exceeded market estimates, analysts said, while shipments grew as well.\nPrices of DRAM chips, widely used in servers, mobile phones and other computing devices, jumped 27% compared to the March quarter, while those of NAND flash chips that serve the data storage market rose 8.6%, according to research provider Trendforce.\nProfit also improved at Samsung's chip-contract manufacturing and logic chip design business, partly because operations at its storm-hit Texas factory returned to normal, analysts said.\nThey estimated the chip division's operating profit in April-June rose about 22% from the year-earlier period to about 6.6 trillion won.\nStill, Samsung's smartphone shipments dropped to about 59 million in April-June from about 76 million in the first quarter, according to Shinyoung Investment & Securities, as sales slowed for its latest flagship model, launched in mid-January.\nReduced demand from India, hard hit by the pandemic during the quarter, as well as tight supply for some mobile processor chips may also have affected shipments, analysts said, estimating the mobile business' operating profit at about 2.9 trillion won.\n($1 = 1,129.2800 won)","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153112827,"gmtCreate":1625013291669,"gmtModify":1631893827272,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153112827","repostId":"1114154202","repostType":4,"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153113373,"gmtCreate":1625013180392,"gmtModify":1631893827282,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153113373","repostId":"1176223224","repostType":4,"isVote":1,"tweetType":1,"viewCount":483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127899808,"gmtCreate":1624842198304,"gmtModify":1631893827261,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Bad news","listText":"Bad news","text":"Bad 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end","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127807736","repostId":"2146007118","repostType":4,"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124110082,"gmtCreate":1624752719946,"gmtModify":1631893827289,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"🤔&nbsp;","listText":"🤔&nbsp;","text":"🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124110082","repostId":"1132692662","repostType":4,"repost":{"id":"1132692662","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624680481,"share":"https://www.laohu8.com/m/news/1132692662?lang=zh_CN&edition=full","pubTime":"2021-06-26 12:08","market":"us","language":"en","title":"Tesla recalls some imported and domestic Model 3 and Model Y in China<blockquote>特斯拉在华召回部分进口及国产Model 3和Model Y</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132692662","media":"Tiger Newspress","summary":"Recently, Tesla filed a recall plan and decided to recall some vehicles from now on,according to China's State Administration of market supervision.Tesla decided to recall 35665 imported Model 3 produced between January 12, 2019 and November 27, 2019.Meanwhile, Tesla will recall some domestic Model 3 produced from December 19, 2019 to June 7, 2021, totaling 211256 vehicles; A total of 38599 domestic Model Y were produced from January 1, 2021 to June 7, 2021.In response to the recall, Tesla said ","content":"<p>Recently, Tesla filed a recall plan and decided to recall some vehicles from now on,according to China's State Administration of market supervision.</p><p><blockquote>据国家市场监督管理总局消息，近日，特斯拉备案了召回计划，决定自即日起召回部分车辆。</blockquote></p><p> Tesla decided to recall 35665 imported Model 3 produced between January 12, 2019 and November 27, 2019.</p><p><blockquote>特斯拉决定召回2019年1月12日至2019年11月27日期间生产的35665辆进口Model 3。</blockquote></p><p> Meanwhile, Tesla will recall some domestic Model 3 produced from December 19, 2019 to June 7, 2021, totaling 211256 vehicles; A total of 38599 domestic Model Y were produced from January 1, 2021 to June 7, 2021.</p><p><blockquote>同时，特斯拉将召回2019年12月19日至2021年6月7日生产的部分国产Model 3，共计211256辆；2021年1月1日至2021年6月7日期间生产的国产Model Y共计38599辆。</blockquote></p><p> Due to the problems of the active cruise control system of the vehicles within the scope of this recall, it is easy for the driver to activate the active cruise function by mistake in the following situations: when the vehicle is in D gear, the driver tries to switch the gear by pushing the right control lever again; When the vehicle turns sharply, the driver touches and moves the right control lever by mistake, etc. After the active cruise control is mistakenly activated, if the cruise speed set by the vehicle is not the current speed, and the current speed is lower than the set speed, the vehicle will accelerate to the set speed, resulting in a sudden increase in vehicle speed, which will affect the driver's expectation and lead to misjudgment of vehicle handling. In extreme cases, it may lead to vehicle collision, and there are potential safety hazards.</p><p><blockquote>本次召回范围内车辆由于主动巡航控制系统存在问题，在以下情况下驾驶员容易误激活主动巡航功能：当车辆挂入D挡时，驾驶员试图通过再次推动右侧操纵杆来切换挡位；车辆急转弯时，驾驶员误触并移动右侧操纵杆等。误启动主动巡航控制后，如果车辆设定的巡航速度不是当前速度，而当前速度低于设定速度，车辆就会加速到设定速度，造成车速突然升高，影响驾驶员的预期，导致车辆操控误判。极端情况下可能导致车辆碰撞，存在安全隐患。</blockquote></p><p> Tesla will upgrade the active cruise control software for the recalled vehicles free of charge through OTA technology, so users can complete the software upgrade without going to the store; For vehicles that cannot be recalled through OTA technology, Tesla Motors (Beijing) Co., Ltd. and Tesla (Shanghai) Co., Ltd. will contact relevant users through Tesla service center to upgrade active cruise control software for vehicles free, so as to eliminate potential safety hazards.</p><p><blockquote>特斯拉将通过OTA技术为召回车辆免费升级主动巡航控制软件，用户无需到店即可完成软件升级；对于无法通过OTA技术召回的车辆，特斯拉（北京）有限公司和特斯拉（上海）有限公司将通过特斯拉服务中心联系相关用户，为车辆免费升级主动巡航控制软件，以消除安全隐患。</blockquote></p><p> In response to the recall, Tesla said on June 26 that for the vehicles (Model 3 / Model Y) within the scope of this recall, due to the fact that the active cruise control function may be activated by the driver by mistake, there are potential safety hazards in extreme cases. Tesla took the initiative to file the recall plan with the State Administration of market supervision and administration. Users do not need to go to the store to complete the OTA. Tesla said it apologized for the inconvenience caused by the recall.</p><p><blockquote>针对此次召回，特斯拉6月26日表示，本次召回范围内的车辆（Model 3/Model Y），由于主动巡航控制功能可能被驾驶员误激活，极端情况下存在安全隐患。特斯拉主动向国家市场监督管理总局备案了召回计划。用户无需前往门店即可完成OTA。特斯拉表示，对此次召回给您带来的不便表示歉意。</blockquote></p><p></p>","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>Tesla recalls some imported and domestic Model 3 and Model Y in China<blockquote>特斯拉在华召回部分进口及国产Model 3和Model Y</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; 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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: 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\">\nTesla recalls some imported and domestic Model 3 and Model Y in China<blockquote>特斯拉在华召回部分进口及国产Model 3和Model Y</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-26 12:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Recently, Tesla filed a recall plan and decided to recall some vehicles from now on,according to China's State Administration of market supervision.</p><p><blockquote>据国家市场监督管理总局消息，近日，特斯拉备案了召回计划，决定自即日起召回部分车辆。</blockquote></p><p> Tesla decided to recall 35665 imported Model 3 produced between January 12, 2019 and November 27, 2019.</p><p><blockquote>特斯拉决定召回2019年1月12日至2019年11月27日期间生产的35665辆进口Model 3。</blockquote></p><p> Meanwhile, Tesla will recall some domestic Model 3 produced from December 19, 2019 to June 7, 2021, totaling 211256 vehicles; A total of 38599 domestic Model Y were produced from January 1, 2021 to June 7, 2021.</p><p><blockquote>同时，特斯拉将召回2019年12月19日至2021年6月7日生产的部分国产Model 3，共计211256辆；2021年1月1日至2021年6月7日期间生产的国产Model Y共计38599辆。</blockquote></p><p> Due to the problems of the active cruise control system of the vehicles within the scope of this recall, it is easy for the driver to activate the active cruise function by mistake in the following situations: when the vehicle is in D gear, the driver tries to switch the gear by pushing the right control lever again; When the vehicle turns sharply, the driver touches and moves the right control lever by mistake, etc. After the active cruise control is mistakenly activated, if the cruise speed set by the vehicle is not the current speed, and the current speed is lower than the set speed, the vehicle will accelerate to the set speed, resulting in a sudden increase in vehicle speed, which will affect the driver's expectation and lead to misjudgment of vehicle handling. In extreme cases, it may lead to vehicle collision, and there are potential safety hazards.</p><p><blockquote>本次召回范围内车辆由于主动巡航控制系统存在问题，在以下情况下驾驶员容易误激活主动巡航功能：当车辆挂入D挡时，驾驶员试图通过再次推动右侧操纵杆来切换挡位；车辆急转弯时，驾驶员误触并移动右侧操纵杆等。误启动主动巡航控制后，如果车辆设定的巡航速度不是当前速度，而当前速度低于设定速度，车辆就会加速到设定速度，造成车速突然升高，影响驾驶员的预期，导致车辆操控误判。极端情况下可能导致车辆碰撞，存在安全隐患。</blockquote></p><p> Tesla will upgrade the active cruise control software for the recalled vehicles free of charge through OTA technology, so users can complete the software upgrade without going to the store; For vehicles that cannot be recalled through OTA technology, Tesla Motors (Beijing) Co., Ltd. and Tesla (Shanghai) Co., Ltd. will contact relevant users through Tesla service center to upgrade active cruise control software for vehicles free, so as to eliminate potential safety hazards.</p><p><blockquote>特斯拉将通过OTA技术为召回车辆免费升级主动巡航控制软件，用户无需到店即可完成软件升级；对于无法通过OTA技术召回的车辆，特斯拉（北京）有限公司和特斯拉（上海）有限公司将通过特斯拉服务中心联系相关用户，为车辆免费升级主动巡航控制软件，以消除安全隐患。</blockquote></p><p> In response to the recall, Tesla said on June 26 that for the vehicles (Model 3 / Model Y) within the scope of this recall, due to the fact that the active cruise control function may be activated by the driver by mistake, there are potential safety hazards in extreme cases. Tesla took the initiative to file the recall plan with the State Administration of market supervision and administration. Users do not need to go to the store to complete the OTA. Tesla said it apologized for the inconvenience caused by the recall.</p><p><blockquote>针对此次召回，特斯拉6月26日表示，本次召回范围内的车辆（Model 3/Model Y），由于主动巡航控制功能可能被驾驶员误激活，极端情况下存在安全隐患。特斯拉主动向国家市场监督管理总局备案了召回计划。用户无需前往门店即可完成OTA。特斯拉表示，对此次召回给您带来的不便表示歉意。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132692662","content_text":"Recently, Tesla filed a recall plan and decided to recall some vehicles from now on,according to China's State Administration of market supervision.\nTesla decided to recall 35665 imported Model 3 produced between January 12, 2019 and November 27, 2019.\nMeanwhile, Tesla will recall some domestic Model 3 produced from December 19, 2019 to June 7, 2021, totaling 211256 vehicles; A total of 38599 domestic Model Y were produced from January 1, 2021 to June 7, 2021.\nDue to the problems of the active cruise control system of the vehicles within the scope of this recall, it is easy for the driver to activate the active cruise function by mistake in the following situations: when the vehicle is in D gear, the driver tries to switch the gear by pushing the right control lever again; When the vehicle turns sharply, the driver touches and moves the right control lever by mistake, etc. After the active cruise control is mistakenly activated, if the cruise speed set by the vehicle is not the current speed, and the current speed is lower than the set speed, the vehicle will accelerate to the set speed, resulting in a sudden increase in vehicle speed, which will affect the driver's expectation and lead to misjudgment of vehicle handling. In extreme cases, it may lead to vehicle collision, and there are potential safety hazards.\nTesla will upgrade the active cruise control software for the recalled vehicles free of charge through OTA technology, so users can complete the software upgrade without going to the store; For vehicles that cannot be recalled through OTA technology, Tesla Motors (Beijing) Co., Ltd. and Tesla (Shanghai) Co., Ltd. will contact relevant users through Tesla service center to upgrade active cruise control software for vehicles free, so as to eliminate potential safety hazards.\nIn response to the recall, Tesla said on June 26 that for the vehicles (Model 3 / Model Y) within the scope of this recall, due to the fact that the active cruise control function may be activated by the driver by mistake, there are potential safety hazards in extreme cases. Tesla took the initiative to file the recall plan with the State Administration of market supervision and administration. Users do not need to go to the store to complete the OTA. Tesla said it apologized for the inconvenience caused by the recall.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":127899808,"gmtCreate":1624842198304,"gmtModify":1631893827261,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Bad news","listText":"Bad news","text":"Bad 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08:27","market":"us","language":"en","title":"Samsung Electronics Q2 profit likely up 38% on strong chip prices<blockquote>由于芯片价格强劲，三星电子第二季度利润可能增长38%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123392624","media":"Reuters","summary":"Summary\n\nQ2 operating profit estimated at 11.3 trln won\nSurging chip prices, shipments boost profit\n","content":"<p><li>Summary</li> <ul>  <li>Q2 operating profit estimated at 11.3 trln won</li>  <li>Surging chip prices, shipments boost profit</li>  <li>Revenue estimated up 15.4%</li>  <li>Smartphones shipments likely fell on quarter</li> </ul> SEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd(005930.KS)likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.</p><p><blockquote><li>总结</li><ul><li>第二季度营业利润预计为11.3万亿韩元</li><li>芯片价格飙升出货量提振利润</li><li>收入预计增长15.4%</li><li>智能手机出货量可能环比下降</li></ul>路透首尔7月6日-三星电子有限公司(005930.KS)4月至6月季度利润可能飙升38%，这得益于强劲的芯片价格以及大流行导致的消费者对电子产品的需求以及数据中心投资的恢复。</blockquote></p><p> Operating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.</p><p><blockquote>根据Refinitiv SmartEstimate从20名分析师中得出的数据，这家全球最大的存储芯片和智能手机制造商的营业利润可能跃升至11.3万亿韩元（100亿美元），并向更准确的分析师加权。</blockquote></p><p> The South Korean tech giant's strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.</p><p><blockquote>这家韩国科技巨头的强劲表现——尽管其智能手机出货量低于1月至3月——凸显了对芯片的巨大需求，芯片已经耗尽库存并填满了产能。</blockquote></p><p> The result would be up 20% from the first quarter and mark Samsung's highest operating income for the second quarter since 2018. Revenue likely rose 15.4%.</p><p><blockquote>这一结果将比第一季度增长20%，标志着三星自2018年以来第二季度的最高营业收入。收入可能增长15.4%。</blockquote></p><p> Samsung is scheduled to announce preliminary second-quarter results on Wednesday.</p><p><blockquote>三星定于周三公布第二季度初步业绩。</blockquote></p><p> The company's chip division likely benefited from memory chip price hikes that exceeded market estimates, analysts said, while shipments grew as well.</p><p><blockquote>分析师表示，该公司的芯片部门可能受益于超出市场预期的存储芯片价格上涨，同时出货量也有所增长。</blockquote></p><p> Prices of DRAM chips, widely used in servers, mobile phones and other computing devices, jumped 27% compared to the March quarter, while those of NAND flash chips that serve the data storage market rose 8.6%, according to research provider Trendforce.</p><p><blockquote>根据研究提供商Trendforce的数据，广泛用于服务器、手机和其他计算设备的DRAM芯片的价格与3月份季度相比上涨了27%，而服务于数据存储市场的NAND闪存芯片的价格上涨了8.6%。</blockquote></p><p> Profit also improved at Samsung's chip-contract manufacturing and logic chip design business, partly because operations at its storm-hit Texas factory returned to normal, analysts said.</p><p><blockquote>分析师表示，三星芯片合同制造和逻辑芯片设计业务的利润也有所改善，部分原因是遭受风暴袭击的德克萨斯州工厂的运营恢复正常。</blockquote></p><p> They estimated the chip division's operating profit in April-June rose about 22% from the year-earlier period to about 6.6 trillion won.</p><p><blockquote>他们估计芯片部门4-6月的营业利润同比增长约22%，达到约6.6万亿韩元。</blockquote></p><p> Still, Samsung's smartphone shipments dropped to about 59 million in April-June from about 76 million in the first quarter, according to Shinyoung Investment &amp; Securities, as sales slowed for its latest flagship model, launched in mid-January.</p><p><blockquote>尽管如此，根据Shinyoung Investment&amp;Securities的数据，由于1月中旬推出的最新旗舰机型销售放缓，三星智能手机出货量从第一季度的约7600万部降至4月至6月的约5900万部。</blockquote></p><p> Reduced demand from India, hard hit by the pandemic during the quarter, as well as tight supply for some mobile processor chips may also have affected shipments, analysts said, estimating the mobile business' operating profit at about 2.9 trillion won.</p><p><blockquote>分析师表示，本季度受到疫情重创的印度需求减少，以及一些移动处理器芯片供应紧张，也可能影响了出货量，预计移动业务的营业利润约为2.9万亿韩元。</blockquote></p><p> ($1 = 1,129.2800 won)</p><p><blockquote>（1美元=1,129.2800韩元）</blockquote></p><p></p>","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>Samsung Electronics Q2 profit likely up 38% on strong chip prices<blockquote>由于芯片价格强劲，三星电子第二季度利润可能增长38%</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; 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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: 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\">\nSamsung Electronics Q2 profit likely up 38% on strong chip prices<blockquote>由于芯片价格强劲，三星电子第二季度利润可能增长38%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-06 08:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p><li>Summary</li> <ul>  <li>Q2 operating profit estimated at 11.3 trln won</li>  <li>Surging chip prices, shipments boost profit</li>  <li>Revenue estimated up 15.4%</li>  <li>Smartphones shipments likely fell on quarter</li> </ul> SEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd(005930.KS)likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.</p><p><blockquote><li>总结</li><ul><li>第二季度营业利润预计为11.3万亿韩元</li><li>芯片价格飙升出货量提振利润</li><li>收入预计增长15.4%</li><li>智能手机出货量可能环比下降</li></ul>路透首尔7月6日-三星电子有限公司(005930.KS)4月至6月季度利润可能飙升38%，这得益于强劲的芯片价格以及大流行导致的消费者对电子产品的需求以及数据中心投资的恢复。</blockquote></p><p> Operating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.</p><p><blockquote>根据Refinitiv SmartEstimate从20名分析师中得出的数据，这家全球最大的存储芯片和智能手机制造商的营业利润可能跃升至11.3万亿韩元（100亿美元），并向更准确的分析师加权。</blockquote></p><p> The South Korean tech giant's strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.</p><p><blockquote>这家韩国科技巨头的强劲表现——尽管其智能手机出货量低于1月至3月——凸显了对芯片的巨大需求，芯片已经耗尽库存并填满了产能。</blockquote></p><p> The result would be up 20% from the first quarter and mark Samsung's highest operating income for the second quarter since 2018. Revenue likely rose 15.4%.</p><p><blockquote>这一结果将比第一季度增长20%，标志着三星自2018年以来第二季度的最高营业收入。收入可能增长15.4%。</blockquote></p><p> Samsung is scheduled to announce preliminary second-quarter results on Wednesday.</p><p><blockquote>三星定于周三公布第二季度初步业绩。</blockquote></p><p> The company's chip division likely benefited from memory chip price hikes that exceeded market estimates, analysts said, while shipments grew as well.</p><p><blockquote>分析师表示，该公司的芯片部门可能受益于超出市场预期的存储芯片价格上涨，同时出货量也有所增长。</blockquote></p><p> Prices of DRAM chips, widely used in servers, mobile phones and other computing devices, jumped 27% compared to the March quarter, while those of NAND flash chips that serve the data storage market rose 8.6%, according to research provider Trendforce.</p><p><blockquote>根据研究提供商Trendforce的数据，广泛用于服务器、手机和其他计算设备的DRAM芯片的价格与3月份季度相比上涨了27%，而服务于数据存储市场的NAND闪存芯片的价格上涨了8.6%。</blockquote></p><p> Profit also improved at Samsung's chip-contract manufacturing and logic chip design business, partly because operations at its storm-hit Texas factory returned to normal, analysts said.</p><p><blockquote>分析师表示，三星芯片合同制造和逻辑芯片设计业务的利润也有所改善，部分原因是遭受风暴袭击的德克萨斯州工厂的运营恢复正常。</blockquote></p><p> They estimated the chip division's operating profit in April-June rose about 22% from the year-earlier period to about 6.6 trillion won.</p><p><blockquote>他们估计芯片部门4-6月的营业利润同比增长约22%，达到约6.6万亿韩元。</blockquote></p><p> Still, Samsung's smartphone shipments dropped to about 59 million in April-June from about 76 million in the first quarter, according to Shinyoung Investment &amp; Securities, as sales slowed for its latest flagship model, launched in mid-January.</p><p><blockquote>尽管如此，根据Shinyoung Investment&amp;Securities的数据，由于1月中旬推出的最新旗舰机型销售放缓，三星智能手机出货量从第一季度的约7600万部降至4月至6月的约5900万部。</blockquote></p><p> Reduced demand from India, hard hit by the pandemic during the quarter, as well as tight supply for some mobile processor chips may also have affected shipments, analysts said, estimating the mobile business' operating profit at about 2.9 trillion won.</p><p><blockquote>分析师表示，本季度受到疫情重创的印度需求减少，以及一些移动处理器芯片供应紧张，也可能影响了出货量，预计移动业务的营业利润约为2.9万亿韩元。</blockquote></p><p> ($1 = 1,129.2800 won)</p><p><blockquote>（1美元=1,129.2800韩元）</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/retail-consumer/samsung-electronics-q2-profit-likely-up-38-strong-chip-prices-2021-07-05/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/business/retail-consumer/samsung-electronics-q2-profit-likely-up-38-strong-chip-prices-2021-07-05/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123392624","content_text":"Summary\n\nQ2 operating profit estimated at 11.3 trln won\nSurging chip prices, shipments boost profit\nRevenue estimated up 15.4%\nSmartphones shipments likely fell on quarter\n\nSEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd(005930.KS)likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.\nOperating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate.\nThe South Korean tech giant's strong performance - coming despite it shipping fewer smartphones than in January-March - underscores the stratospheric demand for chips that has depleted stockpiles and filled production capacity.\nThe result would be up 20% from the first quarter and mark Samsung's highest operating income for the second quarter since 2018. Revenue likely rose 15.4%.\nSamsung is scheduled to announce preliminary second-quarter results on Wednesday.\nThe company's chip division likely benefited from memory chip price hikes that exceeded market estimates, analysts said, while shipments grew as well.\nPrices of DRAM chips, widely used in servers, mobile phones and other computing devices, jumped 27% compared to the March quarter, while those of NAND flash chips that serve the data storage market rose 8.6%, according to research provider Trendforce.\nProfit also improved at Samsung's chip-contract manufacturing and logic chip design business, partly because operations at its storm-hit Texas factory returned to normal, analysts said.\nThey estimated the chip division's operating profit in April-June rose about 22% from the year-earlier period to about 6.6 trillion won.\nStill, Samsung's smartphone shipments dropped to about 59 million in April-June from about 76 million in the first quarter, according to Shinyoung Investment & Securities, as sales slowed for its latest flagship model, launched in mid-January.\nReduced demand from India, hard hit by the pandemic during the quarter, as well as tight supply for some mobile processor chips may also have affected shipments, analysts said, estimating the mobile business' operating profit at about 2.9 trillion won.\n($1 = 1,129.2800 won)","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":824594662,"gmtCreate":1634335986563,"gmtModify":1634335986690,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/824594662","repostId":"1139202309","repostType":4,"repost":{"id":"1139202309","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1634280465,"share":"https://www.laohu8.com/m/news/1139202309?lang=zh_CN&edition=full","pubTime":"2021-10-15 14:47","market":"us","language":"en","title":"What Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139202309","media":"Benzinga","summary":"What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve","content":"<p>What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.</p><p><blockquote>美联储缩减规模会发生什么？这是一个价值十亿（或万亿）美元的问题。然而，在我们深入研究可能的结果之前，我们必须首先理解缩减意味着什么。</blockquote></p><p> In response to the coronavirus pandemic, the Federal Reserve&nbsp;slashed interest rates to zero in March 2020&nbsp;to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.</p><p><blockquote>为了应对冠状病毒大流行，美联储于2020年3月将利率下调至零，以帮助提振增长。它还开始每月购买1200亿美元的资产，这是一项被称为量化宽松（QE）的计划，自疫情开始以来，该计划已使美联储的资产负债表增加了大约一倍，达到约8.5万亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d66984161d481448082b5856b1c7465c\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cfe5a1c43965ba4fe7c492c026c915b8\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"><span>Source: Board of Governors of the Federal Reserve System</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：联邦储备系统理事会</span></p></blockquote></p><p> QE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.</p><p><blockquote>量化宽松有助于降低长期利率，从而鼓励借贷以帮助刺激支出，进而刺激经济。通过这样做，美联储实质上减少了这些债券在公开市场上的可用供应，迫使想要持有它们的投资者推高价格。推高债券价格会降低利率，从而降低家庭抵押贷款的借贷成本，或企业通过发行债务借款的成本。</blockquote></p><p> As the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with&nbsp;large companies recently&nbsp;including&nbsp;<b>Caterpillar Inc.</b>&nbsp;and&nbsp;<b>Home Depot</b>&nbsp;taking advantage of to issue new bonds.</p><p><blockquote>随着美联储放慢步伐并削减这些购买数量，缩减购债规模的最终目标是让利率回归“正常”。缩减规模可能会影响长期利率，因为这通常会向市场发出信号，表明美联储未来将转向不太宽松的政策立场。关键是要明白，缩减并不意味着美联储停止购买资产，而只是降低了其资产负债表扩张的步伐。这与紧缩不同，紧缩意味着美联储将不再在其资产负债表上增加资产，而是通过出售资产来减少其持有的资产——最近大公司包括<b>卡特彼勒公司。</b>和<b>家得宝</b>利用发行新债券。</blockquote></p><p> Aside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.</p><p><blockquote>除了利率之外，缩减购债规模也可能对美元产生影响。美元的走势对投资者来说很重要，因为它影响着从大宗商品价格到企业盈利的方方面面。较高的收益率使美元计价资产对寻求收入的投资者更具吸引力。缩减购债规模通常对美元有利，因为这意味着货币政策收紧。由于当国内短期利率上升时，货币通常会升值，随着美联储继续发出即将紧缩的信号，市场正在消化更高的利率。在本已动荡的风险环境中，这为美元提供了支撑，这对避险美元有利。如上所述，如果美联储购买更少的债务资产，流通中的美元就会减少。</blockquote></p><p> The market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.</p><p><blockquote>市场预计缩减进程可能会在今年第四季度的某个时候开始，最早可能在11月。此外，一半的美联储副主席预计利率将在2022年的某个时候上升。美联储主席鲍威尔预计，只要复苏仍在正轨上，缩减进程可能会在明年年中左右结束。央行坚称，他们预计将基金利率保持在接近零的水平，直到劳动力市场状况达到与其最大就业预测一致的水平。我们远未达到大流行前的失业率水平（美国目前有840万失业人员，而2020年2月为570万）。这可能会引发人们的担忧，即在经济可能明显弱于目前的情况下，美联储是否会冒险收紧货币政策。归根结底，如果美联储为2021年第四季度缩减规模做好市场准备，我们可能会面临一段长期波动的时期。</blockquote></p><p></p>","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>What Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</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\">\nWhat Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-10-15 14:47</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.</p><p><blockquote>美联储缩减规模会发生什么？这是一个价值十亿（或万亿）美元的问题。然而，在我们深入研究可能的结果之前，我们必须首先理解缩减意味着什么。</blockquote></p><p> In response to the coronavirus pandemic, the Federal Reserve&nbsp;slashed interest rates to zero in March 2020&nbsp;to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.</p><p><blockquote>为了应对冠状病毒大流行，美联储于2020年3月将利率下调至零，以帮助提振增长。它还开始每月购买1200亿美元的资产，这是一项被称为量化宽松（QE）的计划，自疫情开始以来，该计划已使美联储的资产负债表增加了大约一倍，达到约8.5万亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d66984161d481448082b5856b1c7465c\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cfe5a1c43965ba4fe7c492c026c915b8\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"><span>Source: Board of Governors of the Federal Reserve System</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：联邦储备系统理事会</span></p></blockquote></p><p> QE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.</p><p><blockquote>量化宽松有助于降低长期利率，从而鼓励借贷以帮助刺激支出，进而刺激经济。通过这样做，美联储实质上减少了这些债券在公开市场上的可用供应，迫使想要持有它们的投资者推高价格。推高债券价格会降低利率，从而降低家庭抵押贷款的借贷成本，或企业通过发行债务借款的成本。</blockquote></p><p> As the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with&nbsp;large companies recently&nbsp;including&nbsp;<b>Caterpillar Inc.</b>&nbsp;and&nbsp;<b>Home Depot</b>&nbsp;taking advantage of to issue new bonds.</p><p><blockquote>随着美联储放慢步伐并削减这些购买数量，缩减购债规模的最终目标是让利率回归“正常”。缩减规模可能会影响长期利率，因为这通常会向市场发出信号，表明美联储未来将转向不太宽松的政策立场。关键是要明白，缩减并不意味着美联储停止购买资产，而只是降低了其资产负债表扩张的步伐。这与紧缩不同，紧缩意味着美联储将不再在其资产负债表上增加资产，而是通过出售资产来减少其持有的资产——最近大公司包括<b>卡特彼勒公司。</b>和<b>家得宝</b>利用发行新债券。</blockquote></p><p> Aside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.</p><p><blockquote>除了利率之外，缩减购债规模也可能对美元产生影响。美元的走势对投资者来说很重要，因为它影响着从大宗商品价格到企业盈利的方方面面。较高的收益率使美元计价资产对寻求收入的投资者更具吸引力。缩减购债规模通常对美元有利，因为这意味着货币政策收紧。由于当国内短期利率上升时，货币通常会升值，随着美联储继续发出即将紧缩的信号，市场正在消化更高的利率。在本已动荡的风险环境中，这为美元提供了支撑，这对避险美元有利。如上所述，如果美联储购买更少的债务资产，流通中的美元就会减少。</blockquote></p><p> The market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.</p><p><blockquote>市场预计缩减进程可能会在今年第四季度的某个时候开始，最早可能在11月。此外，一半的美联储副主席预计利率将在2022年的某个时候上升。美联储主席鲍威尔预计，只要复苏仍在正轨上，缩减进程可能会在明年年中左右结束。央行坚称，他们预计将基金利率保持在接近零的水平，直到劳动力市场状况达到与其最大就业预测一致的水平。我们远未达到大流行前的失业率水平（美国目前有840万失业人员，而2020年2月为570万）。这可能会引发人们的担忧，即在经济可能明显弱于目前的情况下，美联储是否会冒险收紧货币政策。归根结底，如果美联储为2021年第四季度缩减规模做好市场准备，我们可能会面临一段长期波动的时期。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139202309","content_text":"What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.\nIn response to the coronavirus pandemic, the Federal Reserve slashed interest rates to zero in March 2020 to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.\n\nSource: Board of Governors of the Federal Reserve System\nQE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.\nAs the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with large companies recently including Caterpillar Inc. and Home Depot taking advantage of to issue new bonds.\nAside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.\nThe market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":812756463,"gmtCreate":1630626849652,"gmtModify":1631891356424,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/812756463","repostId":"1149132027","repostType":4,"isVote":1,"tweetType":1,"viewCount":266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123631888,"gmtCreate":1624419815344,"gmtModify":1634006366827,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Steady","listText":"Steady","text":"Steady","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/123631888","repostId":"2145664330","repostType":4,"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164706124,"gmtCreate":1624235335468,"gmtModify":1634009220096,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Comment and like please","listText":"Comment and like please","text":"Comment and like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/164706124","repostId":"1154249454","repostType":4,"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165289744,"gmtCreate":1624146672588,"gmtModify":1634010384478,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Seriously plunge?","listText":"Seriously plunge?","text":"Seriously plunge?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/165289744","repostId":"1166679093","repostType":4,"repost":{"id":"1166679093","kind":"news","pubTimestamp":1624065234,"share":"https://www.laohu8.com/m/news/1166679093?lang=zh_CN&edition=full","pubTime":"2021-06-19 09:13","market":"us","language":"en","title":"3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测3只模因股将暴跌20%以上</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166679093","media":"fool","summary":"Meme stocks have been all the rage so far this year. That's understandable, with several of them del","content":"<p>Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.</p><p><blockquote>今年到目前为止，模因股票风靡一时。这是可以理解的，其中一些公司实现了三位数甚至四位数的百分比增长。</blockquote></p><p> However, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.</p><p><blockquote>然而，上升的可以下降。分析师预计，推动一些最受欢迎股票大幅上涨的网络狂热不会持续下去。以下是华尔街认为未来12个月内将暴跌20%以上的三只模因股票。</blockquote></p><p> AMC Entertainment</p><p><blockquote>AMC院线</blockquote></p><p> <b>AMC Entertainment</b>(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.</p><p><blockquote><b>AMC院线</b>（纽约证券交易所股票代码：AMC）被评为所有模因股票中表现最好的。今年迄今为止，这家电影院运营商的股价已飙升近2,500%。</blockquote></p><p> The consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.</p><p><blockquote>不过，分析师的共识是，该股可能会损失当前价值的90%。即使是Refinitiv调查的最乐观的分析师对AMC的目标价也比当前股价低70%以上。</blockquote></p><p> But isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.</p><p><blockquote>但AMC的业务不是在回暖吗？是的。限制的放松使该公司能够重新开放99%的美国影院。随着州和地方政府施加的座位容量限制的提高，AMC可能会受益。今年夏天和今年晚些时候上映的多部可能会大受欢迎的电影也应该会有所帮助。</blockquote></p><p> However, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.</p><p><blockquote>然而，华尔街显然认为AMC的股价已经远远超出了其业务前景。该股目前的交易价格比COVID-19大流行之前高出近八倍。</blockquote></p><p> Clover Health Investments</p><p><blockquote>三叶草健康投资</blockquote></p><p> Only a few days ago, it looked like&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.</p><p><blockquote>就在几天前，看起来<b>三叶草健康投资</b>（纳斯达克股票代码：CLOV）可能会将AMC推到最热门的模因股票旁边。散户投资者将Clover视为主要的空头挤压候选者。</blockquote></p><p> Since the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.</p><p><blockquote>自6月初以来，Clover Health的股价已上涨超过65%。然而，分析师预计这些涨幅不会持续下去。该股的平均目标价比当前股价低25%。</blockquote></p><p> Clover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.</p><p><blockquote>Clover Health的估值似乎确实已经失控。该医疗保健股目前的交易价格是过去12个月销售额的170多倍。这是一个令人流鼻血的水平，特别是考虑到该公司是美国调查的对象。司法部和证券交易委员会。</blockquote></p><p> Still, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.</p><p><blockquote>尽管如此，Clover Health今年的财务业绩可能会有所改善。该公司希望通过瞄准原来的医疗保险计划来大幅增加其会员。除了当前的Medicare Advantage业务之外，这也是一个重大的新市场机会。</blockquote></p><p> Sundial Growers</p><p><blockquote>日晷种植者</blockquote></p><p> At one point earlier this year,&nbsp;<b>Sundial Growers</b>(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.</p><p><blockquote>今年早些时候，<b>日晷种植者</b>（纳斯达克股票代码：SNDL）似乎是成为模因股票最大赢家的合法竞争者。加拿大大麻股票今年迄今已上涨超过520%，随后回吐了大部分涨幅。不过，Sundial的股价在2021年仍上涨了一倍多。</blockquote></p><p> Analysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.</p><p><blockquote>分析师预计大麻库存可能会进一步下跌。Sundial的共识目标价较其当前股价有23%的折扣。一位分析师甚至认为该股可能下跌55%。</blockquote></p><p> There certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.</p><p><blockquote>当然有理由对Sundial的核心大麻业务持悲观态度。该公司2021年第一季度的大麻净收入同比下降。尽管日晷正在采取措施，希望能够扭转局面，但这些努力是否会成功还有待观察。</blockquote></p><p> Sundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.</p><p><blockquote>Sundial的商业交易可能会给投资者带来乐观的理由。毕竟，由于其投资，该公司第一季度调整后息税折旧摊销前利润(EBITDA)为正。</blockquote></p><p> However, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the&nbsp;<b>Nasdaq</b>&nbsp;stock exchange.</p><p><blockquote>然而，Sundial用于进行这些投资的现金是以其股票进一步稀释为代价的。该公司无法承受任何额外的稀释，除非采取绝望的措施来维持其在<b>纳斯达克</b>证券交易所。</blockquote></p><p></p>","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>3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测3只模因股将暴跌20%以上</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\">\n3 Meme Stocks Wall Street Predicts Will Plunge More Than 20%<blockquote>华尔街预测3只模因股将暴跌20%以上</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-06-19 09:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.</p><p><blockquote>今年到目前为止，模因股票风靡一时。这是可以理解的，其中一些公司实现了三位数甚至四位数的百分比增长。</blockquote></p><p> However, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.</p><p><blockquote>然而，上升的可以下降。分析师预计，推动一些最受欢迎股票大幅上涨的网络狂热不会持续下去。以下是华尔街认为未来12个月内将暴跌20%以上的三只模因股票。</blockquote></p><p> AMC Entertainment</p><p><blockquote>AMC院线</blockquote></p><p> <b>AMC Entertainment</b>(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.</p><p><blockquote><b>AMC院线</b>（纽约证券交易所股票代码：AMC）被评为所有模因股票中表现最好的。今年迄今为止，这家电影院运营商的股价已飙升近2,500%。</blockquote></p><p> The consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.</p><p><blockquote>不过，分析师的共识是，该股可能会损失当前价值的90%。即使是Refinitiv调查的最乐观的分析师对AMC的目标价也比当前股价低70%以上。</blockquote></p><p> But isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.</p><p><blockquote>但AMC的业务不是在回暖吗？是的。限制的放松使该公司能够重新开放99%的美国影院。随着州和地方政府施加的座位容量限制的提高，AMC可能会受益。今年夏天和今年晚些时候上映的多部可能会大受欢迎的电影也应该会有所帮助。</blockquote></p><p> However, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.</p><p><blockquote>然而，华尔街显然认为AMC的股价已经远远超出了其业务前景。该股目前的交易价格比COVID-19大流行之前高出近八倍。</blockquote></p><p> Clover Health Investments</p><p><blockquote>三叶草健康投资</blockquote></p><p> Only a few days ago, it looked like&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.</p><p><blockquote>就在几天前，看起来<b>三叶草健康投资</b>（纳斯达克股票代码：CLOV）可能会将AMC推到最热门的模因股票旁边。散户投资者将Clover视为主要的空头挤压候选者。</blockquote></p><p> Since the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.</p><p><blockquote>自6月初以来，Clover Health的股价已上涨超过65%。然而，分析师预计这些涨幅不会持续下去。该股的平均目标价比当前股价低25%。</blockquote></p><p> Clover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.</p><p><blockquote>Clover Health的估值似乎确实已经失控。该医疗保健股目前的交易价格是过去12个月销售额的170多倍。这是一个令人流鼻血的水平，特别是考虑到该公司是美国调查的对象。司法部和证券交易委员会。</blockquote></p><p> Still, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.</p><p><blockquote>尽管如此，Clover Health今年的财务业绩可能会有所改善。该公司希望通过瞄准原来的医疗保险计划来大幅增加其会员。除了当前的Medicare Advantage业务之外，这也是一个重大的新市场机会。</blockquote></p><p> Sundial Growers</p><p><blockquote>日晷种植者</blockquote></p><p> At one point earlier this year,&nbsp;<b>Sundial Growers</b>(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.</p><p><blockquote>今年早些时候，<b>日晷种植者</b>（纳斯达克股票代码：SNDL）似乎是成为模因股票最大赢家的合法竞争者。加拿大大麻股票今年迄今已上涨超过520%，随后回吐了大部分涨幅。不过，Sundial的股价在2021年仍上涨了一倍多。</blockquote></p><p> Analysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.</p><p><blockquote>分析师预计大麻库存可能会进一步下跌。Sundial的共识目标价较其当前股价有23%的折扣。一位分析师甚至认为该股可能下跌55%。</blockquote></p><p> There certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.</p><p><blockquote>当然有理由对Sundial的核心大麻业务持悲观态度。该公司2021年第一季度的大麻净收入同比下降。尽管日晷正在采取措施，希望能够扭转局面，但这些努力是否会成功还有待观察。</blockquote></p><p> Sundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.</p><p><blockquote>Sundial的商业交易可能会给投资者带来乐观的理由。毕竟，由于其投资，该公司第一季度调整后息税折旧摊销前利润(EBITDA)为正。</blockquote></p><p> However, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the&nbsp;<b>Nasdaq</b>&nbsp;stock exchange.</p><p><blockquote>然而，Sundial用于进行这些投资的现金是以其股票进一步稀释为代价的。该公司无法承受任何额外的稀释，除非采取绝望的措施来维持其在<b>纳斯达克</b>证券交易所。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/18/3-meme-stocks-wall-street-predicts-will-plunge-mor/\">fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","SNDL":"SNDL Inc.","CLOV":"Clover Health Corp"},"source_url":"https://www.fool.com/investing/2021/06/18/3-meme-stocks-wall-street-predicts-will-plunge-mor/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166679093","content_text":"Meme stocks have been all the rage so far this year. That's understandable, with several of them delivering triple-digit and even four-digit percentage gains.\nHowever, what goes up can come down. Analysts don't expect the online frenzy fueling the ginormous jumps for some of the most popular stocks will be sustainable. Here are three meme stocks that Wall Street thinks will plunge by more than 20% within the next 12 months.\nAMC Entertainment\nAMC Entertainment(NYSE:AMC)ranks as the best-performing meme stock of all. Shares of the movie theater operator have skyrocketed close to 2,500% year to date.\nThe consensus among analysts, though, is that the stock could lose 90% of its current value. Even the most optimistic analyst surveyed by Refinitiv has a price target for AMC that's more than 70% below the current share price.\nBut isn't AMC's business picking up? Yep. The easing of restrictions has enabled the company to reopen 99% of its U.S. theaters. AMC could benefit as seating capacity limitations imposed by state and local governments are raised. Thereleases of multiple movies this summerand later this year that are likely to be hits should also help.\nHowever, Wall Street clearly believes that AMC's share price has gotten way ahead of its business prospects. The stock is trading at nearly eight times higher than it was before the COVID-19 pandemic.\nClover Health Investments\nOnly a few days ago, it looked like Clover Health Investments(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.\nSince the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.\nClover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.\nStill, Clover Health could deliver improving financial results this year. The company hopes to significantly increase its membership by targeting the original Medicare program. This represents a major new market opportunity in addition to its current Medicare Advantage business.\nSundial Growers\nAt one point earlier this year, Sundial Growers(NASDAQ:SNDL)appeared to be a legitimate contender to become the biggest winner among meme stocks. The Canadian marijuana stock vaulted more than 520% higher year to date before giving up much of its gains. However, Sundial's share price has still more than doubled in 2021.\nAnalysts anticipate that the pot stock could fall even further. The consensus price target for Sundial reflects a 23% discount to its current share price. One analyst even thinks the stock could sink 55%.\nThere certainly are reasons to be pessimistic about Sundial's core cannabis business. The company's net cannabis revenue fell year over year in the first quarter of 2021. Although Sundial is taking steps that it hopes will turn things around, it remains to be seen if those efforts will succeed.\nSundial's business deals could give investors reasons for optimism. After all, the company posted positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 due to its investments.\nHowever, the cash that Sundial is using to make these investments has come at the cost of increased dilution of its stock. The company can't afford any additional dilution without having to resort to desperate measures to keep its listing on the Nasdaq stock exchange.","news_type":1,"symbols_score_info":{"AMC":0.9,"CLOV":0.9,"SNDL":0.9}},"isVote":1,"tweetType":1,"viewCount":531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193109746,"gmtCreate":1620772927285,"gmtModify":1634196524495,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Test","listText":"Test","text":"Test","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/193109746","repostId":"1123134935","repostType":4,"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815775094,"gmtCreate":1630723348018,"gmtModify":1631891356412,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Stong&nbsp;","listText":"Stong&nbsp;","text":"Stong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/815775094","repostId":"1186003479","repostType":4,"isVote":1,"tweetType":1,"viewCount":2939,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818369495,"gmtCreate":1630376700317,"gmtModify":1704959359613,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Exp","listText":"Exp","text":"Exp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/818369495","repostId":"1123102412","repostType":4,"isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125849342,"gmtCreate":1624669067386,"gmtModify":1631893827294,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Unstoppable","listText":"Unstoppable","text":"Unstoppable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/125849342","repostId":"1177764085","repostType":4,"isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160664781,"gmtCreate":1623796418043,"gmtModify":1634028225623,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/160664781","repostId":"1147269544","repostType":4,"repost":{"id":"1147269544","kind":"news","pubTimestamp":1623770166,"share":"https://www.laohu8.com/m/news/1147269544?lang=zh_CN&edition=full","pubTime":"2021-06-15 23:16","market":"us","language":"en","title":"Michael \"Big Short\" Burry: This Is The Greatest Bubble Of All Time In All Things \"By Two Orders Of Magnitude\"<blockquote>“大空头”迈克尔·伯里：这是有史以来最大的泡沫，“高出两个数量级”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147269544","media":"zerohedge","summary":"Earlier this year, none other than Michael 'Big Short' Burry confirmedBofA's greatest fears, as he p","content":"<p>Earlier this year, none other than Michael 'Big Short' Burry confirmedBofA's greatest fears, as he picked up on the theme of Weimar Germany and specifically its<b>hyperinflation, as the blueprint for what comes next</b>in a lengthy tweetstorm cribbing generously fromParsson's seminal work, warning that<b>:</b></p><p><blockquote>今年早些时候，“大空头”迈克尔·伯里证实了美国银行最大的担忧，因为他谈到了魏玛德国的主题，特别是其<b>恶性通货膨胀，作为下一步的蓝图</b>在一篇冗长的推特风暴中，大量抄袭了帕森的开创性工作，警告说<b>：</b></blockquote></p><p> <b>\"The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery</b>. Trillions more stimulus &amp; re-opening to boost demand as employee and supply chain costs skyrocket.\"</p><p><blockquote><b>“美国政府正在以其带有MMT色彩的政策引发通胀。强劲的债务/GDP、M2增加，而零售销售、PMI第五阶段复苏</b>随着员工和供应链成本飙升，数万亿美元的刺激措施和重新开放以提振需求。”</blockquote></p><p> #ParadigmShift</p><p><blockquote>#范式转变</blockquote></p><p> \"The life of the inflation in its ripening stage was a paradox which had its own unmistakable characteristics. One was the great wealth, at least of those favored by the boom..Many great fortunes sprang up overnight...The cities, had an aimless and wanton youth\"</p><p><blockquote>“通货膨胀在成熟阶段的生活是一个悖论，它有自己明确无误的特征。一个是巨大的财富，至少是那些被繁荣所青睐的人。许多巨大的财富在一夜之间涌现出来……城市里有一群漫无目的、肆无忌惮的年轻人。”</blockquote></p><p> \"Prices in Germany were steady, and both business and the stock market were booming. The exchange rate of the mark against the dollar and other currencies actually rose for a time, and the mark was momentarily the strongest currency in the world\" on inflation's eve.</p><p><blockquote>“德国物价平稳，商业和股市都很繁荣。马克对美元和其他货币的汇率实际上一度上升，马克在通货膨胀前夕一时成为世界上最坚挺的货币”。</blockquote></p><p> <b>\"Side by side with the wealth were the pockets of poverty. Greater numbers of people remained on the outside of the easy money, looking in but not able to enter. The crime rate soared.\"</b></p><p><blockquote><b>“与财富并存的是贫困地区。更多的人留在轻松赚钱的外围，看进去却进不去。犯罪率飙升。”</b></blockquote></p><p> <b>\"Accounts of the time tell of a progressive demoralization which crept over the common people, compounded of their weariness with the breakneck pace, to no visible purpose, and their fears from watching their own precarious positions slip while others grew so conspicuously rich.\"</b></p><p><blockquote><b>“当时的记录表明，普通人的士气逐渐低落，加上他们对无明显目的的极快节奏感到厌倦，他们害怕看到自己岌岌可危的地位下滑，而其他人却变得如此明显地富有。”</b></blockquote></p><p> \"Almost any kind of business could make money. Business failures and bankruptcies became few. The boom suspended the normal processes of natural selection by which the nonessential and ineffective otherwise would have been culled out.\"</p><p><blockquote>“几乎任何一种企业都能赚钱。企业失败和破产的情况变得很少了。繁荣中止了正常的自然选择过程，否则不必要和无效的东西就会被剔除。”</blockquote></p><p> <b>\"Speculation alone, while adding nothing to Germany's wealth, became one of its largest activities. The fever to join in turning a quick mark infected nearly all classes..Everyone from the elevator operator up was playing the market.\"</b></p><p><blockquote><b>“单是投机，虽然没有增加德国的财富，但却成了德国最大的活动之一。加入快速赚钱的热潮几乎感染了所有阶层……从电梯操作员到现在，每个人都在玩市场。”</b></blockquote></p><p> \"The volumes of turnover in securities on the Berlin Bourse became so high that the financial industry could not keep up with the paperwork...and the Bourse was obliged to close several days a week to work off the backlog\" #<i>robinhooddown</i></p><p><blockquote>“柏林证券交易所的证券交易量变得如此之高，以至于金融业无法跟上文书工作的步伐……交易所不得不每周关闭几天来处理积压的交易。”#<i>罗宾汉</i></blockquote></p><p> \"all the marks that existed in the world in the summer of 1922 were not worth enough, by November of 1923, to buy a single&nbsp; newspaper or a tram ticket. That was the spectacular part of the collapse, but most of the real loss in money wealth had been suffered much earlier.\"</p><p><blockquote>“1922年夏天世界上存在的所有马克，到1923年11月还不够买一份报纸或一张电车车票。这是崩溃的壮观之处，但货币财富的大部分真正损失在更早的时候就已经遭受了。”</blockquote></p><p> \"Throughout these years the structure was quietly building itself up for the blow.<b>Germany's #inflationcycle ran not for a year but for nine years, representing eight years of gestation and only one year of #collapse.\"</b></p><p><blockquote>“这些年来，这个结构一直在悄悄地为打击做好准备。<b>德国的#通货膨胀周期不是一年，而是九年，其中八年是酝酿，只有一年是崩溃。”</b></blockquote></p><p> His punchline: the above was \"written in 1974 re: 1914-1923\" and then makes the ominous extrapolation that \"<b>2010-2021: Gestation</b>\" adding that \"when dollars might as well be falling from the sky...management teams get creative and ultimately take more risk.. paying out debt-financed dividends to investors or investing in risky growth opportunities has beaten a frugal mentality hands down.\"</p><p><blockquote>他的笑点：以上是“写于1974年re：1914-1923”，然后做出不祥的推断“<b>2010-2021年：妊娠</b>“当美元可能从天而降时...管理团队变得富有创造力，最终承担更多风险..向投资者支付债务融资股息或投资高风险增长机会无疑击败了节俭心态。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c531b21050b42425510a30125935555e\" tg-width=\"500\" tg-height=\"395\">And, as if reading from the same playbook,<b>Paul Tudor Jones warned yesterday that things are \"bat shit crazy\"</b>and if Jay Powell</p><p><blockquote>而且，就像是在读同一本剧本，<b>保罗·都铎·琼斯昨天警告说，事情“太疯狂了”</b>如果杰伊·鲍威尔</blockquote></p><p>   <i><b>“The idea that inflation is transitory, to me ... that one just doesn’t work the way I see the world.\"</b></i>  All of which led to Burry's latest tweet warning this morning...</p><p><blockquote><i><b>“对我来说，通货膨胀是暂时的……这种想法并不符合我看待世界的方式。”</b></i>所有这些导致了伯里今天早上的最新推文警告...</blockquote></p><p>   <i><b>\"People always ask me what is going on in the markets. It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude.</b></i>#FlyingPigs360\"  <img src=\"https://static.tigerbbs.com/afafeb68134e031ca871659bd8dbc595\" tg-width=\"512\" tg-height=\"261\">In other words:<i><b>\"Brace!\"</b></i></p><p><blockquote><i><b>“人们总是问我市场上发生了什么。这很简单。有史以来最大的投机泡沫。两个数量级。</b></i>#FlyingPigs360”换句话说：<i><b>“撑住！”</b></i></blockquote></p><p> So what are you going to do about it?</p><p><blockquote>那你打算怎么办？</blockquote></p><p> Tudor Jones had some simple advice: \"<b>buy commodities, buy crypto, buy gold.\"</b></p><p><blockquote>都铎·琼斯有一些简单的建议：“<b>购买大宗商品、购买加密货币、购买黄金。”</b></blockquote></p><p></p>","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>Michael \"Big Short\" Burry: This Is The Greatest Bubble Of All Time In All Things \"By Two Orders Of Magnitude\"<blockquote>“大空头”迈克尔·伯里：这是有史以来最大的泡沫，“高出两个数量级”</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\">\nMichael \"Big Short\" Burry: This Is The Greatest Bubble Of All Time In All Things \"By Two Orders Of Magnitude\"<blockquote>“大空头”迈克尔·伯里：这是有史以来最大的泡沫，“高出两个数量级”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-15 23:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Earlier this year, none other than Michael 'Big Short' Burry confirmedBofA's greatest fears, as he picked up on the theme of Weimar Germany and specifically its<b>hyperinflation, as the blueprint for what comes next</b>in a lengthy tweetstorm cribbing generously fromParsson's seminal work, warning that<b>:</b></p><p><blockquote>今年早些时候，“大空头”迈克尔·伯里证实了美国银行最大的担忧，因为他谈到了魏玛德国的主题，特别是其<b>恶性通货膨胀，作为下一步的蓝图</b>在一篇冗长的推特风暴中，大量抄袭了帕森的开创性工作，警告说<b>：</b></blockquote></p><p> <b>\"The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery</b>. Trillions more stimulus &amp; re-opening to boost demand as employee and supply chain costs skyrocket.\"</p><p><blockquote><b>“美国政府正在以其带有MMT色彩的政策引发通胀。强劲的债务/GDP、M2增加，而零售销售、PMI第五阶段复苏</b>随着员工和供应链成本飙升，数万亿美元的刺激措施和重新开放以提振需求。”</blockquote></p><p> #ParadigmShift</p><p><blockquote>#范式转变</blockquote></p><p> \"The life of the inflation in its ripening stage was a paradox which had its own unmistakable characteristics. One was the great wealth, at least of those favored by the boom..Many great fortunes sprang up overnight...The cities, had an aimless and wanton youth\"</p><p><blockquote>“通货膨胀在成熟阶段的生活是一个悖论，它有自己明确无误的特征。一个是巨大的财富，至少是那些被繁荣所青睐的人。许多巨大的财富在一夜之间涌现出来……城市里有一群漫无目的、肆无忌惮的年轻人。”</blockquote></p><p> \"Prices in Germany were steady, and both business and the stock market were booming. The exchange rate of the mark against the dollar and other currencies actually rose for a time, and the mark was momentarily the strongest currency in the world\" on inflation's eve.</p><p><blockquote>“德国物价平稳，商业和股市都很繁荣。马克对美元和其他货币的汇率实际上一度上升，马克在通货膨胀前夕一时成为世界上最坚挺的货币”。</blockquote></p><p> <b>\"Side by side with the wealth were the pockets of poverty. Greater numbers of people remained on the outside of the easy money, looking in but not able to enter. The crime rate soared.\"</b></p><p><blockquote><b>“与财富并存的是贫困地区。更多的人留在轻松赚钱的外围，看进去却进不去。犯罪率飙升。”</b></blockquote></p><p> <b>\"Accounts of the time tell of a progressive demoralization which crept over the common people, compounded of their weariness with the breakneck pace, to no visible purpose, and their fears from watching their own precarious positions slip while others grew so conspicuously rich.\"</b></p><p><blockquote><b>“当时的记录表明，普通人的士气逐渐低落，加上他们对无明显目的的极快节奏感到厌倦，他们害怕看到自己岌岌可危的地位下滑，而其他人却变得如此明显地富有。”</b></blockquote></p><p> \"Almost any kind of business could make money. Business failures and bankruptcies became few. The boom suspended the normal processes of natural selection by which the nonessential and ineffective otherwise would have been culled out.\"</p><p><blockquote>“几乎任何一种企业都能赚钱。企业失败和破产的情况变得很少了。繁荣中止了正常的自然选择过程，否则不必要和无效的东西就会被剔除。”</blockquote></p><p> <b>\"Speculation alone, while adding nothing to Germany's wealth, became one of its largest activities. The fever to join in turning a quick mark infected nearly all classes..Everyone from the elevator operator up was playing the market.\"</b></p><p><blockquote><b>“单是投机，虽然没有增加德国的财富，但却成了德国最大的活动之一。加入快速赚钱的热潮几乎感染了所有阶层……从电梯操作员到现在，每个人都在玩市场。”</b></blockquote></p><p> \"The volumes of turnover in securities on the Berlin Bourse became so high that the financial industry could not keep up with the paperwork...and the Bourse was obliged to close several days a week to work off the backlog\" #<i>robinhooddown</i></p><p><blockquote>“柏林证券交易所的证券交易量变得如此之高，以至于金融业无法跟上文书工作的步伐……交易所不得不每周关闭几天来处理积压的交易。”#<i>罗宾汉</i></blockquote></p><p> \"all the marks that existed in the world in the summer of 1922 were not worth enough, by November of 1923, to buy a single&nbsp; newspaper or a tram ticket. That was the spectacular part of the collapse, but most of the real loss in money wealth had been suffered much earlier.\"</p><p><blockquote>“1922年夏天世界上存在的所有马克，到1923年11月还不够买一份报纸或一张电车车票。这是崩溃的壮观之处，但货币财富的大部分真正损失在更早的时候就已经遭受了。”</blockquote></p><p> \"Throughout these years the structure was quietly building itself up for the blow.<b>Germany's #inflationcycle ran not for a year but for nine years, representing eight years of gestation and only one year of #collapse.\"</b></p><p><blockquote>“这些年来，这个结构一直在悄悄地为打击做好准备。<b>德国的#通货膨胀周期不是一年，而是九年，其中八年是酝酿，只有一年是崩溃。”</b></blockquote></p><p> His punchline: the above was \"written in 1974 re: 1914-1923\" and then makes the ominous extrapolation that \"<b>2010-2021: Gestation</b>\" adding that \"when dollars might as well be falling from the sky...management teams get creative and ultimately take more risk.. paying out debt-financed dividends to investors or investing in risky growth opportunities has beaten a frugal mentality hands down.\"</p><p><blockquote>他的笑点：以上是“写于1974年re：1914-1923”，然后做出不祥的推断“<b>2010-2021年：妊娠</b>“当美元可能从天而降时...管理团队变得富有创造力，最终承担更多风险..向投资者支付债务融资股息或投资高风险增长机会无疑击败了节俭心态。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c531b21050b42425510a30125935555e\" tg-width=\"500\" tg-height=\"395\">And, as if reading from the same playbook,<b>Paul Tudor Jones warned yesterday that things are \"bat shit crazy\"</b>and if Jay Powell</p><p><blockquote>而且，就像是在读同一本剧本，<b>保罗·都铎·琼斯昨天警告说，事情“太疯狂了”</b>如果杰伊·鲍威尔</blockquote></p><p>   <i><b>“The idea that inflation is transitory, to me ... that one just doesn’t work the way I see the world.\"</b></i>  All of which led to Burry's latest tweet warning this morning...</p><p><blockquote><i><b>“对我来说，通货膨胀是暂时的……这种想法并不符合我看待世界的方式。”</b></i>所有这些导致了伯里今天早上的最新推文警告...</blockquote></p><p>   <i><b>\"People always ask me what is going on in the markets. It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude.</b></i>#FlyingPigs360\"  <img src=\"https://static.tigerbbs.com/afafeb68134e031ca871659bd8dbc595\" tg-width=\"512\" tg-height=\"261\">In other words:<i><b>\"Brace!\"</b></i></p><p><blockquote><i><b>“人们总是问我市场上发生了什么。这很简单。有史以来最大的投机泡沫。两个数量级。</b></i>#FlyingPigs360”换句话说：<i><b>“撑住！”</b></i></blockquote></p><p> So what are you going to do about it?</p><p><blockquote>那你打算怎么办？</blockquote></p><p> Tudor Jones had some simple advice: \"<b>buy commodities, buy crypto, buy gold.\"</b></p><p><blockquote>都铎·琼斯有一些简单的建议：“<b>购买大宗商品、购买加密货币、购买黄金。”</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/michael-big-short-burry-greatest-bubble-all-time-all-things-two-orders-magnitude\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/michael-big-short-burry-greatest-bubble-all-time-all-things-two-orders-magnitude","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147269544","content_text":"Earlier this year, none other than Michael 'Big Short' Burry confirmedBofA's greatest fears, as he picked up on the theme of Weimar Germany and specifically itshyperinflation, as the blueprint for what comes nextin a lengthy tweetstorm cribbing generously fromParsson's seminal work, warning that:\n\"The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery. Trillions more stimulus & re-opening to boost demand as employee and supply chain costs skyrocket.\"\n#ParadigmShift\n\"The life of the inflation in its ripening stage was a paradox which had its own unmistakable characteristics. One was the great wealth, at least of those favored by the boom..Many great fortunes sprang up overnight...The cities, had an aimless and wanton youth\"\n\"Prices in Germany were steady, and both business and the stock market were booming. The exchange rate of the mark against the dollar and other currencies actually rose for a time, and the mark was momentarily the strongest currency in the world\" on inflation's eve.\n\"Side by side with the wealth were the pockets of poverty. Greater numbers of people remained on the outside of the easy money, looking in but not able to enter. The crime rate soared.\"\n\"Accounts of the time tell of a progressive demoralization which crept over the common people, compounded of their weariness with the breakneck pace, to no visible purpose, and their fears from watching their own precarious positions slip while others grew so conspicuously rich.\"\n\"Almost any kind of business could make money. Business failures and bankruptcies became few. The boom suspended the normal processes of natural selection by which the nonessential and ineffective otherwise would have been culled out.\"\n\"Speculation alone, while adding nothing to Germany's wealth, became one of its largest activities. The fever to join in turning a quick mark infected nearly all classes..Everyone from the elevator operator up was playing the market.\"\n\"The volumes of turnover in securities on the Berlin Bourse became so high that the financial industry could not keep up with the paperwork...and the Bourse was obliged to close several days a week to work off the backlog\" #robinhooddown\n\"all the marks that existed in the world in the summer of 1922 were not worth enough, by November of 1923, to buy a single  newspaper or a tram ticket. That was the spectacular part of the collapse, but most of the real loss in money wealth had been suffered much earlier.\"\n\"Throughout these years the structure was quietly building itself up for the blow.Germany's #inflationcycle ran not for a year but for nine years, representing eight years of gestation and only one year of #collapse.\"\nHis punchline: the above was \"written in 1974 re: 1914-1923\" and then makes the ominous extrapolation that \"2010-2021: Gestation\" adding that \"when dollars might as well be falling from the sky...management teams get creative and ultimately take more risk.. paying out debt-financed dividends to investors or investing in risky growth opportunities has beaten a frugal mentality hands down.\"\nAnd, as if reading from the same playbook,Paul Tudor Jones warned yesterday that things are \"bat shit crazy\"and if Jay Powell\n\n“The idea that inflation is transitory, to me ... that one just doesn’t work the way I see the world.\"\n\nAll of which led to Burry's latest tweet warning this morning...\n\n\"People always ask me what is going on in the markets. It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude.#FlyingPigs360\"\n\nIn other words:\"Brace!\"\nSo what are you going to do about it?\nTudor Jones had some simple advice: \"buy commodities, buy crypto, buy gold.\"","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193106482,"gmtCreate":1620773187146,"gmtModify":1634196520831,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Comment and like pls","listText":"Comment and like pls","text":"Comment and like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/193106482","repostId":"1148549916","repostType":4,"repost":{"id":"1148549916","kind":"news","pubTimestamp":1620718159,"share":"https://www.laohu8.com/m/news/1148549916?lang=zh_CN&edition=full","pubTime":"2021-05-11 15:29","market":"us","language":"en","title":"Hedge Fund Gross Leverage Hits All Time High As HFs Furiously Short Tech Stocks<blockquote>HFs疯狂做空科技股，对冲基金总杠杆创历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148549916","media":"zerohedge","summary":"Hedge funds are currently Underweight Info Tech stocks by -1.4% vs. the MSCI World, the lowest level since last November and in the 3rd percentile vs. the past five years.","content":"<p>Hedge funds had another rough week according to Goldman's Prime Brokerage, with the GS Equity Fundamental L/S&nbsp; Performance Estimate falling -1.68% between 4/30 and 5/6 (vs MSCI World TR -0.33%), driven by alpha of -1.11% – the worst weekly alpha in two months – and to a lesser extent beta of -0.57% (from market exposure and the market sensitivity factor combined). As a result, global fundamental equity L/S hedge funds lost almost two-thirds of their YTD gains in just the past week, bringing their total YTD return to just 0.97% in what is setting up as another dismal year for the 2 and 20 crowd.</p><p><blockquote>根据高盛的大宗经纪业务，对冲基金又度过了艰难的一周，GS股票基本面L/S表现预期在4/30至5/6之间下降了-1.68%（vs MSCI World TR-0.33%），这是由-1.11%的阿尔法推动的——两个月来最差的每周阿尔法——以及较小程度上的-0.57%的贝塔（来自市场敞口和市场敏感性因素的综合）。因此，仅在过去一周，全球基本面股票L/S对冲基金就损失了近三分之二的年初至今收益，使其年初至今总回报率仅为0.97%，这将是2岁和20岁人群又一个惨淡的一年。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4c1d262955a001211ed92ecfceca5b3d\" tg-width=\"501\" tg-height=\"472\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>What is remarkable is just how sensitive to overall market beta the hedge fund space has become, and there is a reason for that: according to Goldman Prime,<b>overall book Gross leverage rose +1.7 pts to 247.1%, the highest on record,</b>while Net leverage fell -0.9 pts to 88.2% (not quite an all time high, but still 87th percentile).</p><p><blockquote>值得注意的是，对冲基金领域对整体市场贝塔值变得多么敏感，这是有原因的：根据Goldman Prime的说法，<b>整体账面总杠杆上升+1.7个百分点至247.1%，为有记录以来的最高水平，</b>而净杠杆率下降了-0.9个百分点，至88.2%（虽然不是历史最高水平，但仍处于87百分位）。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8e8665b4387577b4f2b41e5791e348b3\" tg-width=\"1087\" tg-height=\"487\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Looking at the composition of hedge fund purchases,<b>the overall GS Prime book was modestly net bought again in the past week</b>(+0.15 SDs), driven by risk-on flows as long buys outpaced short sales. Specifically, single Names were net bought while Macro Products (Index and ETF combined) were net sold. North America and to a lesser extent Europe were net bought driven by long buys, while DM Asia and EM Asia were net sold driven by short sales. 8 of 11 global sectors were net bought led in $ terms by Consumer Disc, Health Care, Staples and Real Estate, while Info Tech, Materials, and Financials were net sold.</p><p><blockquote>从对冲基金申购构成来看，<b>过去一周，GS Prime book整体再次小幅净买入</b>（+0.15 SDs），由多头买入超过空头卖出的风险偏好流动推动。具体来说，单一品种被净买入，而宏观产品（指数和ETF组合）被净卖出。北美和欧洲在较小程度上是由多头买盘驱动的净买入，而DM Asia和EM Asia则是由空头卖盘驱动的净卖出。全球11个行业中有8个行业被净买入，其中以消费光盘、医疗保健、主食和房地产为首，而信息技术、材料和金融则被净卖出。</blockquote></p><p>Meanwhile, continuing the trend first observed last weekwhen we noted that hedge funds shorted tech sharesfor 9 of the previous 10 days, Goldman notes that<b>Info Tech saw the largest net selling in nine months as managers reduced exposure for a third straight week.</b>And in a surprise reversal to months of bullishness on IT, GS Prime points out that hedge funds are currently Underweight Info Tech stocks by -1.4% vs. the MSCI World,<b>the lowest level since last November and in the 3rd percentile vs. the past five years.</b></p><p><blockquote>与此同时，高盛指出，延续上周首次观察到的趋势，当时我们注意到对冲基金在过去10天中有9天做空科技股<b>由于管理人员连续第三周减少敞口，信息技术出现了九个月来最大的净抛售。</b>GS Prime出人意料地扭转了数月来对其的看涨情绪，指出对冲基金目前对跑输大盘信息科技股的看法较MSCI世界下跌了-1.4%，<b>这是自去年11月以来的最低水平，与过去五年相比处于第3百分位。</b></blockquote></p><p>Some more details from the Goldman reports:</p><p><blockquote>高盛报告中的更多细节：</blockquote></p><p><ul><li>Info Tech, the worst performing sector this week,<b>was also by far the most net sold sector on the GS Prime book driven by short sales outpacing long buys 7 to 1.</b></li><li>Info Tech stocks were net sold for a third straight week and saw the largest week/week $ net selling since last August (-1.6 SDs). Net trading flow diverged on a subsector level – Semis &amp; Semi Equip, Software, and Electronic Equip were the most net sold, while Comm Equip and IT Services were the most net bought.</li><li>Hedge funds are currently U/W Info Tech stocks by -1.4% vs. the MSCI World,<b>the lowest level since last November and in the 3rd percentile vs. the past five years.</b></li><li>From an industry group standpoint, hedge funds are still O/W Software &amp; Svcs by +4.7% (28th percentile) and U/W Semis &amp; Semi Equip and Tech Hardware by -1.6% (13th percentile) and -4.3% (18th percentile), respectively</li></ul><img src=\"https://static.tigerbbs.com/9fd6a23b77549f58ef41bd23b5de74c0\" tg-width=\"656\" tg-height=\"385\" referrerpolicy=\"no-referrer\">And while hedge funds shorted tech, the Goldman US Consumer Discretionary sector saw the largest net buying in three months driven by E-Commerce stocks. As a result, the GS Prime book is now O/W US Consumer Discretionary by +3.3% vs. the S&amp;P 500,<b>which is in the 9th percentile vs. the past year and in the 50th percentile vs. the past five years</b>.</p><p><blockquote><ul><li>信息科技，本周表现最差的板块，<b>也是迄今为止GS Prime账簿上净卖出最多的板块，其推动因素是卖空超过多头买入7比1。</b></li><li>信息科技股连续第三周净卖出，创下去年8月以来最大的周/周净卖出（-1.6 SDs）。子行业层面的净交易流量出现分化——半成品和半成品设备、软件和电子设备是净卖出最多的，而通信设备和IT服务是净买入最多的。</li><li>对冲基金目前U/W信息科技股与MSCI世界相比下降了-1.4%，<b>这是自去年11月以来的最低水平，与过去五年相比处于第3百分位。</b></li><li>从行业群体的角度来看，对冲基金仍然是O/W软件和服务提供商+4.7%（第28个百分点），U/W半成品和半设备和技术硬件分别为-1.6%（第13个百分点）和-4.3%（第18个百分点）</li></ul>尽管对冲基金做空科技股，但在电子商务股票的推动下，高盛美国非必需消费品板块出现了三个月来最大的净买入。因此，GS Prime book现在与标普500相比，美国非必需消费品增长了+3.3%，<b>与过去一年相比处于第9百分位，与过去五年相比处于第50百分位</b>.</blockquote></p><p><ul><li>In $ terms, Consumer Discretionary was the most net bought US sector on the GS Prime book this week, driven by risk-on flows with long buys outpacing short sales 4 to 1.</li><li>The sector’s aggregate long/short ratio (MV) on the GS Prime book ended the week at 2.53, which is in the 2nd percentile vs. the past year and in the 77th percentile vs. the past five years. The GS Prime book is now O/W US Consumer Discretionary stocks by +3.3% vs. the S&amp;P 500, which is in the 9th percentile vs. the past year and in the 50th percentile vs. the past five years.</li></ul><img src=\"https://static.tigerbbs.com/f91bb2509f471f3239a9d3978a8a1581\" tg-width=\"656\" tg-height=\"383\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>以美元计算，非必需消费品是本周GS Prime账簿上净买入最多的美国行业，这是由风险偏好流动推动的，多头买入的比例超过了空头卖出的比例为4比1。</li><li>GS Prime book上该行业的总多头/空头比率(MV)本周结束时为2.53，与过去一年相比处于第2百分位，与过去五年相比处于第77百分位。GS Prime book目前与标普500相比，美国非必需消费品股票增长了+3.3%，与过去一年相比，美国非必需消费品股票处于第9百分位，与过去五年相比，美国非必需消费品股票处于第50百分位。</li></ul></blockquote></p><p></p>","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>Hedge Fund Gross Leverage Hits All Time High As HFs Furiously Short Tech Stocks<blockquote>HFs疯狂做空科技股，对冲基金总杠杆创历史新高</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\">\nHedge Fund Gross Leverage Hits All Time High As HFs Furiously Short Tech Stocks<blockquote>HFs疯狂做空科技股，对冲基金总杠杆创历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-05-11 15:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Hedge funds had another rough week according to Goldman's Prime Brokerage, with the GS Equity Fundamental L/S&nbsp; Performance Estimate falling -1.68% between 4/30 and 5/6 (vs MSCI World TR -0.33%), driven by alpha of -1.11% – the worst weekly alpha in two months – and to a lesser extent beta of -0.57% (from market exposure and the market sensitivity factor combined). As a result, global fundamental equity L/S hedge funds lost almost two-thirds of their YTD gains in just the past week, bringing their total YTD return to just 0.97% in what is setting up as another dismal year for the 2 and 20 crowd.</p><p><blockquote>根据高盛的大宗经纪业务，对冲基金又度过了艰难的一周，GS股票基本面L/S表现预期在4/30至5/6之间下降了-1.68%（vs MSCI World TR-0.33%），这是由-1.11%的阿尔法推动的——两个月来最差的每周阿尔法——以及较小程度上的-0.57%的贝塔（来自市场敞口和市场敏感性因素的综合）。因此，仅在过去一周，全球基本面股票L/S对冲基金就损失了近三分之二的年初至今收益，使其年初至今总回报率仅为0.97%，这将是2岁和20岁人群又一个惨淡的一年。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4c1d262955a001211ed92ecfceca5b3d\" tg-width=\"501\" tg-height=\"472\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>What is remarkable is just how sensitive to overall market beta the hedge fund space has become, and there is a reason for that: according to Goldman Prime,<b>overall book Gross leverage rose +1.7 pts to 247.1%, the highest on record,</b>while Net leverage fell -0.9 pts to 88.2% (not quite an all time high, but still 87th percentile).</p><p><blockquote>值得注意的是，对冲基金领域对整体市场贝塔值变得多么敏感，这是有原因的：根据Goldman Prime的说法，<b>整体账面总杠杆上升+1.7个百分点至247.1%，为有记录以来的最高水平，</b>而净杠杆率下降了-0.9个百分点，至88.2%（虽然不是历史最高水平，但仍处于87百分位）。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8e8665b4387577b4f2b41e5791e348b3\" tg-width=\"1087\" tg-height=\"487\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Looking at the composition of hedge fund purchases,<b>the overall GS Prime book was modestly net bought again in the past week</b>(+0.15 SDs), driven by risk-on flows as long buys outpaced short sales. Specifically, single Names were net bought while Macro Products (Index and ETF combined) were net sold. North America and to a lesser extent Europe were net bought driven by long buys, while DM Asia and EM Asia were net sold driven by short sales. 8 of 11 global sectors were net bought led in $ terms by Consumer Disc, Health Care, Staples and Real Estate, while Info Tech, Materials, and Financials were net sold.</p><p><blockquote>从对冲基金申购构成来看，<b>过去一周，GS Prime book整体再次小幅净买入</b>（+0.15 SDs），由多头买入超过空头卖出的风险偏好流动推动。具体来说，单一品种被净买入，而宏观产品（指数和ETF组合）被净卖出。北美和欧洲在较小程度上是由多头买盘驱动的净买入，而DM Asia和EM Asia则是由空头卖盘驱动的净卖出。全球11个行业中有8个行业被净买入，其中以消费光盘、医疗保健、主食和房地产为首，而信息技术、材料和金融则被净卖出。</blockquote></p><p>Meanwhile, continuing the trend first observed last weekwhen we noted that hedge funds shorted tech sharesfor 9 of the previous 10 days, Goldman notes that<b>Info Tech saw the largest net selling in nine months as managers reduced exposure for a third straight week.</b>And in a surprise reversal to months of bullishness on IT, GS Prime points out that hedge funds are currently Underweight Info Tech stocks by -1.4% vs. the MSCI World,<b>the lowest level since last November and in the 3rd percentile vs. the past five years.</b></p><p><blockquote>与此同时，高盛指出，延续上周首次观察到的趋势，当时我们注意到对冲基金在过去10天中有9天做空科技股<b>由于管理人员连续第三周减少敞口，信息技术出现了九个月来最大的净抛售。</b>GS Prime出人意料地扭转了数月来对其的看涨情绪，指出对冲基金目前对跑输大盘信息科技股的看法较MSCI世界下跌了-1.4%，<b>这是自去年11月以来的最低水平，与过去五年相比处于第3百分位。</b></blockquote></p><p>Some more details from the Goldman reports:</p><p><blockquote>高盛报告中的更多细节：</blockquote></p><p><ul><li>Info Tech, the worst performing sector this week,<b>was also by far the most net sold sector on the GS Prime book driven by short sales outpacing long buys 7 to 1.</b></li><li>Info Tech stocks were net sold for a third straight week and saw the largest week/week $ net selling since last August (-1.6 SDs). Net trading flow diverged on a subsector level – Semis &amp; Semi Equip, Software, and Electronic Equip were the most net sold, while Comm Equip and IT Services were the most net bought.</li><li>Hedge funds are currently U/W Info Tech stocks by -1.4% vs. the MSCI World,<b>the lowest level since last November and in the 3rd percentile vs. the past five years.</b></li><li>From an industry group standpoint, hedge funds are still O/W Software &amp; Svcs by +4.7% (28th percentile) and U/W Semis &amp; Semi Equip and Tech Hardware by -1.6% (13th percentile) and -4.3% (18th percentile), respectively</li></ul><img src=\"https://static.tigerbbs.com/9fd6a23b77549f58ef41bd23b5de74c0\" tg-width=\"656\" tg-height=\"385\" referrerpolicy=\"no-referrer\">And while hedge funds shorted tech, the Goldman US Consumer Discretionary sector saw the largest net buying in three months driven by E-Commerce stocks. As a result, the GS Prime book is now O/W US Consumer Discretionary by +3.3% vs. the S&amp;P 500,<b>which is in the 9th percentile vs. the past year and in the 50th percentile vs. the past five years</b>.</p><p><blockquote><ul><li>信息科技，本周表现最差的板块，<b>也是迄今为止GS Prime账簿上净卖出最多的板块，其推动因素是卖空超过多头买入7比1。</b></li><li>信息科技股连续第三周净卖出，创下去年8月以来最大的周/周净卖出（-1.6 SDs）。子行业层面的净交易流量出现分化——半成品和半成品设备、软件和电子设备是净卖出最多的，而通信设备和IT服务是净买入最多的。</li><li>对冲基金目前U/W信息科技股与MSCI世界相比下降了-1.4%，<b>这是自去年11月以来的最低水平，与过去五年相比处于第3百分位。</b></li><li>从行业群体的角度来看，对冲基金仍然是O/W软件和服务提供商+4.7%（第28个百分点），U/W半成品和半设备和技术硬件分别为-1.6%（第13个百分点）和-4.3%（第18个百分点）</li></ul>尽管对冲基金做空科技股，但在电子商务股票的推动下，高盛美国非必需消费品板块出现了三个月来最大的净买入。因此，GS Prime book现在与标普500相比，美国非必需消费品增长了+3.3%，<b>与过去一年相比处于第9百分位，与过去五年相比处于第50百分位</b>.</blockquote></p><p><ul><li>In $ terms, Consumer Discretionary was the most net bought US sector on the GS Prime book this week, driven by risk-on flows with long buys outpacing short sales 4 to 1.</li><li>The sector’s aggregate long/short ratio (MV) on the GS Prime book ended the week at 2.53, which is in the 2nd percentile vs. the past year and in the 77th percentile vs. the past five years. The GS Prime book is now O/W US Consumer Discretionary stocks by +3.3% vs. the S&amp;P 500, which is in the 9th percentile vs. the past year and in the 50th percentile vs. the past five years.</li></ul><img src=\"https://static.tigerbbs.com/f91bb2509f471f3239a9d3978a8a1581\" tg-width=\"656\" tg-height=\"383\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>以美元计算，非必需消费品是本周GS Prime账簿上净买入最多的美国行业，这是由风险偏好流动推动的，多头买入的比例超过了空头卖出的比例为4比1。</li><li>GS Prime book上该行业的总多头/空头比率(MV)本周结束时为2.53，与过去一年相比处于第2百分位，与过去五年相比处于第77百分位。GS Prime book目前与标普500相比，美国非必需消费品股票增长了+3.3%，与过去一年相比，美国非必需消费品股票处于第9百分位，与过去五年相比，美国非必需消费品股票处于第50百分位。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/hedge-fund-gross-leverage-hits-all-time-high-hfs-furiously-short-tech-stocks\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","NDX":"纳斯达克100指数"},"source_url":"https://www.zerohedge.com/markets/hedge-fund-gross-leverage-hits-all-time-high-hfs-furiously-short-tech-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148549916","content_text":"Hedge funds had another rough week according to Goldman's Prime Brokerage, with the GS Equity Fundamental L/S  Performance Estimate falling -1.68% between 4/30 and 5/6 (vs MSCI World TR -0.33%), driven by alpha of -1.11% – the worst weekly alpha in two months – and to a lesser extent beta of -0.57% (from market exposure and the market sensitivity factor combined). As a result, global fundamental equity L/S hedge funds lost almost two-thirds of their YTD gains in just the past week, bringing their total YTD return to just 0.97% in what is setting up as another dismal year for the 2 and 20 crowd.What is remarkable is just how sensitive to overall market beta the hedge fund space has become, and there is a reason for that: according to Goldman Prime,overall book Gross leverage rose +1.7 pts to 247.1%, the highest on record,while Net leverage fell -0.9 pts to 88.2% (not quite an all time high, but still 87th percentile).Looking at the composition of hedge fund purchases,the overall GS Prime book was modestly net bought again in the past week(+0.15 SDs), driven by risk-on flows as long buys outpaced short sales. Specifically, single Names were net bought while Macro Products (Index and ETF combined) were net sold. North America and to a lesser extent Europe were net bought driven by long buys, while DM Asia and EM Asia were net sold driven by short sales. 8 of 11 global sectors were net bought led in $ terms by Consumer Disc, Health Care, Staples and Real Estate, while Info Tech, Materials, and Financials were net sold.Meanwhile, continuing the trend first observed last weekwhen we noted that hedge funds shorted tech sharesfor 9 of the previous 10 days, Goldman notes thatInfo Tech saw the largest net selling in nine months as managers reduced exposure for a third straight week.And in a surprise reversal to months of bullishness on IT, GS Prime points out that hedge funds are currently Underweight Info Tech stocks by -1.4% vs. the MSCI World,the lowest level since last November and in the 3rd percentile vs. the past five years.Some more details from the Goldman reports:Info Tech, the worst performing sector this week,was also by far the most net sold sector on the GS Prime book driven by short sales outpacing long buys 7 to 1.Info Tech stocks were net sold for a third straight week and saw the largest week/week $ net selling since last August (-1.6 SDs). Net trading flow diverged on a subsector level – Semis & Semi Equip, Software, and Electronic Equip were the most net sold, while Comm Equip and IT Services were the most net bought.Hedge funds are currently U/W Info Tech stocks by -1.4% vs. the MSCI World,the lowest level since last November and in the 3rd percentile vs. the past five years.From an industry group standpoint, hedge funds are still O/W Software & Svcs by +4.7% (28th percentile) and U/W Semis & Semi Equip and Tech Hardware by -1.6% (13th percentile) and -4.3% (18th percentile), respectivelyAnd while hedge funds shorted tech, the Goldman US Consumer Discretionary sector saw the largest net buying in three months driven by E-Commerce stocks. As a result, the GS Prime book is now O/W US Consumer Discretionary by +3.3% vs. the S&P 500,which is in the 9th percentile vs. the past year and in the 50th percentile vs. the past five years.In $ terms, Consumer Discretionary was the most net bought US sector on the GS Prime book this week, driven by risk-on flows with long buys outpacing short sales 4 to 1.The sector’s aggregate long/short ratio (MV) on the GS Prime book ended the week at 2.53, which is in the 2nd percentile vs. the past year and in the 77th percentile vs. the past five years. The GS Prime book is now O/W US Consumer Discretionary stocks by +3.3% vs. the S&P 500, which is in the 9th percentile vs. the past year and in the 50th percentile vs. the past five years.","news_type":1,"symbols_score_info":{".IXIC":0.9,"NDX":0.9}},"isVote":1,"tweetType":1,"viewCount":647,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148133908,"gmtCreate":1625957467804,"gmtModify":1631891356461,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/148133908","repostId":"1177397700","repostType":4,"isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121550450,"gmtCreate":1624483426470,"gmtModify":1634005587256,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"[Strong]&nbsp;","listText":"[Strong]&nbsp;","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121550450","repostId":"1156291883","repostType":4,"isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860049958,"gmtCreate":1632111359574,"gmtModify":1632802758206,"author":{"id":"3562566709596645","authorId":"3562566709596645","name":"Flameon","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562566709596645","idStr":"3562566709596645"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/860049958","repostId":"1147063668","repostType":4,"repost":{"id":"1147063668","kind":"news","pubTimestamp":1632110101,"share":"https://www.laohu8.com/m/news/1147063668?lang=zh_CN&edition=full","pubTime":"2021-09-20 11:55","market":"us","language":"en","title":"GameStop: With Short Interest Of Less Than 15% Don't Expect Another Squeeze<blockquote>游戏驿站：空头利息低于15%，预计不会再次出现挤压</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147063668","media":"Seeking Alpha","summary":"Summary\n\nGameStop continues to be a struggling video gaming retailer with limited upside and no abil","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>GameStop continues to be a struggling video gaming retailer with limited upside and no ability to create additional shareholder value anytime soon.</li>  <li>With short interest of less than 15%, investors shouldn’t expect to see another squeeze happening in the following months.</li>  <li>We stick to our opinion that it’s better to avoid GameStop, especially since its stock is extremely overvalued at the current price.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee370c1ebf4419a57b44005fd9139eda\" tg-width=\"1536\" tg-height=\"1050\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><ul><li>游戏驿站仍然是一家苦苦挣扎的视频游戏零售商，上涨空间有限，也没有能力在短期内创造额外的股东价值。</li><li>由于空头利息低于15%，投资者不应期望在接下来的几个月内看到另一次紧缩。</li><li>我们坚持我们的观点，最好避开游戏驿站，特别是因为其股票以目前的价格被严重高估。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> It’s safe to say that GameStop’s (GME) squeeze has run its course and with a&nbsp;short interest&nbsp;of less than 15%, investors shouldn’t expect to see another squeeze happening anytime soon. In addition, as GameStop continues to struggle to improve its performance, while the gaming industry experiences double-digit growth, it’s unlikely that the retailer will be able to create additional shareholder value in the foreseeable future. Considering this, we stick to our opinion that it’s better to avoid GameStop, especially since it’s extremely overvalued at the current levels.</p><p><blockquote>可以肯定地说，游戏驿站(GME)的挤压已经结束，空头利息低于15%，投资者不应指望很快会看到另一次挤压发生。此外，由于游戏驿站继续努力提高业绩，而游戏行业却经历了两位数的增长，该零售商不太可能在可预见的未来创造额外的股东价值。考虑到这一点，我们坚持我们的观点，即最好避免游戏驿站，特别是因为它在当前水平上被严重高估。</blockquote></p><p> <b>Nothing To Look At</b></p><p><blockquote><b>没什么可看的</b></blockquote></p><p> GameStop continues to be a struggling video gaming retailer at this stage. Its business failed to significantly improve during the greatest growth of the video gaming industry in a decade, and it’s unlikely going to improve anytime soon. While retail traders managed to squeeze short-sellers earlier this year, GameStop’s stock failed to gain any traction in recent months. We were right when we said that its momentum is fading away, as the stock is down nearly 7% from when our last&nbsp;article&nbsp;on the company was published in late June, while the S&amp;P 500 is up over 5% for the same period. Going forward, we continue to believe that GameStop’s shares will depreciate even more in the foreseeable future.</p><p><blockquote>现阶段，游戏驿站仍然是一家苦苦挣扎的视频游戏零售商。在视频游戏行业十年来最大的增长期间，其业务未能显着改善，而且不太可能很快改善。尽管散户交易员今年早些时候成功挤压了卖空者，但游戏驿站的股票近几个月未能获得任何牵引力。当我们说它的势头正在消退时，我们是对的，因为该股较我们6月底发表上一篇关于该公司的文章时下跌了近7%，而标普500同期上涨了5%以上。展望未来，我们仍然相信游戏驿站的股价在可预见的未来将进一步贬值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4696f8a9da1fed768fa7fb834d81999b\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"><span>Chart: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>图表：寻求阿尔法</span></p></blockquote></p><p> Just last week GameStop&nbsp;released&nbsp;its Q2 earnings results. During the period, the company managed to generate only $1.18 billion in revenues, up 25.3% Y/Y, barely beating the estimates by $60 million. The problem is that a 25.3% Y/Y growth is terrible for a company such as GameStop since lots of its stores were shut down during the same period last year due to the pandemic and a minimal amount of revenue was generated. On top of that, the company’s non-GAAP EPS was -$0.76, below the estimates by $0.09, while its net loss stood at $61.6 million.</p><p><blockquote>就在上周，游戏驿站发布了第二季度财报。在此期间，该公司仅实现收入11.8亿美元，同比增长25.3%，仅超出预期6000万美元。问题是，25.3%的同比增长对于游戏驿站这样的公司来说是可怕的，因为去年同期该公司的许多商店因疫情而关闭，并且产生的收入很少。除此之外，该公司的非GAAP每股收益为-0.76美元，比预期低0.09美元，而净亏损为6160万美元。</blockquote></p><p> The biggest downside of GameStop is that it doesn’t have any unique positioning in the video gaming industry. The company acts as a middleman with no clear advantages to publishers or consumers, while at the same time its retail-focused business model is unable to adapt to the new reality where games can be easily and legally downloaded online. Another problem of GameStop is that at the end of Q2 most of its revenues come from the sale of hardware such as consoles, which were released last year. Once the demand for new devices decreases over time, the sales of the hardware side of the business will decline as well.</p><p><blockquote>游戏驿站最大的缺点是它在视频游戏行业没有任何独特的定位。该公司充当中间商，对发行商或消费者没有明显优势，同时其以零售为中心的商业模式无法适应游戏可以轻松合法地在线下载的新现实。游戏驿站的另一个问题是，第二季度末，其大部分收入来自去年发布的游戏机等硬件的销售。一旦对新设备的需求随着时间的推移而减少，业务硬件方面的销售额也会下降。</blockquote></p><p> With Ryan Cohen as the new chairman of the board, the goal of GameStop right now is to pivot to the eCommerce business. However, we find it hard to believe that the company has a decent shot of becoming a video gaming behemoth in the eCommerce field. The problem is that GameStop doesn’t have any pricing power in the software business, as publishers such as Microsoft (MSFT), Sony (SNE), Ubisoft (OTCPK:UBSFY), Electronic Arts (EA), and others are already ahead of GameStop in online presence. Most of them have their own first-party subscription services that make it more attractive for gamers to use the services directly and play games at a significant discount rather than buy games from GameStop. On top of that, cloud gaming becomes more of a reality with each passing year thanks to the introduction of services such as PlayStation Now and Xbox Cloud Gaming, which let consumers play games without owning them in the first place. As the industry continues to digitize more and more every year, GameStop will continue to lose market share, as its retail stores will continue to drain the cash, while eCommerce efforts are unlikely going to generate meaningful returns anytime soon.</p><p><blockquote>随着Ryan Cohen成为新任董事会主席，游戏驿站目前的目标是转向电子商务业务。然而，我们很难相信该公司有机会成为电子商务领域的视频游戏巨头。问题是游戏驿站在软件业务上没有任何定价权，因为微软（MSFT）、索尼（SNE）、育碧（OTCPK：UBSFY）、艺电（EA）等出版商已经领先于游戏驿站在线业务。他们中的大多数都有自己的第一方订阅服务，这使得游戏玩家直接使用这些服务并以大幅折扣玩游戏比从游戏驿站购买游戏更具吸引力。最重要的是，由于PlayStation Now和Xbox Cloud Gaming等服务的推出，云游戏逐年变得更加现实，这些服务让消费者无需首先拥有游戏即可玩游戏。随着该行业每年都在不断数字化，游戏驿站将继续失去市场份额，因为其零售店将继续消耗现金，而电子商务努力不太可能很快产生有意义的回报。</blockquote></p><p> Another downside of GameStop is that the management has been quiet about how GameStop will transform itself, leaving investors in the dark. No questions from analysts were taken during the last three conference calls and no guidance was issued as well. We consider this to be a major red flag and believe this to be one of the main reasons why GameStop is an unattractive investment.</p><p><blockquote>游戏驿站的另一个缺点是，管理层对游戏驿站将如何转型保持沉默，让投资者蒙在鼓里。在过去三次会议评级上，分析师没有提出任何问题，也没有发布任何指导意见。我们认为这是一个主要的危险信号，并认为这是游戏驿站投资缺乏吸引力的主要原因之一。</blockquote></p><p></p><p> The only positive thing about the company is that it doesn’t have an overleveraged balance sheet, as its liquidity at the end of Q2&nbsp;stood&nbsp;at $1.72 billion, while long-term debt was only $47.5 million. However, other than that, we don’t see any other upside of GameStop and believe that its momentum will continue to fade. It’s already safe to say that the squeeze has run its course, as the stock has a short interest of less than 15%, and there are no catalysts for growth at the current levels. On top of that, the company’s annual revenue is unlikely to return to pre-pandemic levels anytime soon. Currently, the business is expected to continue to generate less than $6 billion in annual revenues this year, as its retail-focused business model is slowly dying, while the video gaming industry continues to grow at a double-digit rate every year.</p><p><blockquote>该公司唯一的积极之处在于它的资产负债表没有过度杠杆化，因为其第二季度末的流动性为17.2亿美元，而长期债务仅为4750万美元。然而，除此之外，我们没有看到游戏驿站的任何其他优势，并认为其势头将继续消退。可以肯定地说，挤压已经结束，因为该股的空头利息不到15%，而且目前水平不存在增长催化剂。最重要的是，该公司的年收入不太可能很快恢复到大流行前的水平。目前，该业务预计今年的年收入将继续低于60亿美元，因为其以零售为中心的商业模式正在慢慢消亡，而视频游戏行业每年仍以两位数的速度增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb72f458ec8ffd4315f63b7f456e4b13\" tg-width=\"875\" tg-height=\"375\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> In addition, GameStop’s business has been unprofitable in the last three years when the gaming industry was growing, and it’s likely going to remain unprofitable this year, as nearly all of the company’s profitability&nbsp;metrics&nbsp;are below the sector median, while most of its margins are negative.</p><p><blockquote>此外，在游戏行业增长的过去三年中，游戏驿站的业务一直处于无利可图的状态，今年也很可能保持无利可图，因为该公司几乎所有的盈利指标都低于行业中位数，而大部分利润率都是负面的。</blockquote></p><p> Considering all of this, we find it hard to justify buying GameStop’s stock at a ~$15 billion market cap, as we see no catalysts that could’ve helped the business to improve its performance in the future. Also, most of the street analysts remain bearish on the stock, as the current&nbsp;consensus&nbsp;price target for GameStop’s shares is $37.50 per share, which represents more than 75% downside from the current market price. For that reason, we stick to our opinion that the momentum is fading away and it’s better to avoid GameStop at this stage.</p><p><blockquote>考虑到所有这些，我们发现很难证明以约150亿美元的市值购买游戏驿站股票是合理的，因为我们认为没有任何催化剂可以帮助该公司改善未来的业绩。此外，大多数华尔街分析师仍然看跌该股，因为游戏驿站股票目前的一致目标价为每股37.50美元，较当前市场价格下跌超过75%。因此，我们坚持认为势头正在消退，现阶段最好避免游戏驿站。</blockquote></p><p></p>","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>GameStop: With Short Interest Of Less Than 15% Don't Expect Another Squeeze<blockquote>游戏驿站：空头利息低于15%，预计不会再次出现挤压</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\">\nGameStop: With Short Interest Of Less Than 15% Don't Expect Another Squeeze<blockquote>游戏驿站：空头利息低于15%，预计不会再次出现挤压</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-09-20 11:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>GameStop continues to be a struggling video gaming retailer with limited upside and no ability to create additional shareholder value anytime soon.</li>  <li>With short interest of less than 15%, investors shouldn’t expect to see another squeeze happening in the following months.</li>  <li>We stick to our opinion that it’s better to avoid GameStop, especially since its stock is extremely overvalued at the current price.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee370c1ebf4419a57b44005fd9139eda\" tg-width=\"1536\" tg-height=\"1050\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p><p><blockquote><ul><li>游戏驿站仍然是一家苦苦挣扎的视频游戏零售商，上涨空间有限，也没有能力在短期内创造额外的股东价值。</li><li>由于空头利息低于15%，投资者不应期望在接下来的几个月内看到另一次紧缩。</li><li>我们坚持我们的观点，最好避开游戏驿站，特别是因为其股票以目前的价格被严重高估。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文/盖蒂图片社新闻</span></p></blockquote></p><p> It’s safe to say that GameStop’s (GME) squeeze has run its course and with a&nbsp;short interest&nbsp;of less than 15%, investors shouldn’t expect to see another squeeze happening anytime soon. In addition, as GameStop continues to struggle to improve its performance, while the gaming industry experiences double-digit growth, it’s unlikely that the retailer will be able to create additional shareholder value in the foreseeable future. Considering this, we stick to our opinion that it’s better to avoid GameStop, especially since it’s extremely overvalued at the current levels.</p><p><blockquote>可以肯定地说，游戏驿站(GME)的挤压已经结束，空头利息低于15%，投资者不应指望很快会看到另一次挤压发生。此外，由于游戏驿站继续努力提高业绩，而游戏行业却经历了两位数的增长，该零售商不太可能在可预见的未来创造额外的股东价值。考虑到这一点，我们坚持我们的观点，即最好避免游戏驿站，特别是因为它在当前水平上被严重高估。</blockquote></p><p> <b>Nothing To Look At</b></p><p><blockquote><b>没什么可看的</b></blockquote></p><p> GameStop continues to be a struggling video gaming retailer at this stage. Its business failed to significantly improve during the greatest growth of the video gaming industry in a decade, and it’s unlikely going to improve anytime soon. While retail traders managed to squeeze short-sellers earlier this year, GameStop’s stock failed to gain any traction in recent months. We were right when we said that its momentum is fading away, as the stock is down nearly 7% from when our last&nbsp;article&nbsp;on the company was published in late June, while the S&amp;P 500 is up over 5% for the same period. Going forward, we continue to believe that GameStop’s shares will depreciate even more in the foreseeable future.</p><p><blockquote>现阶段，游戏驿站仍然是一家苦苦挣扎的视频游戏零售商。在视频游戏行业十年来最大的增长期间，其业务未能显着改善，而且不太可能很快改善。尽管散户交易员今年早些时候成功挤压了卖空者，但游戏驿站的股票近几个月未能获得任何牵引力。当我们说它的势头正在消退时，我们是对的，因为该股较我们6月底发表上一篇关于该公司的文章时下跌了近7%，而标普500同期上涨了5%以上。展望未来，我们仍然相信游戏驿站的股价在可预见的未来将进一步贬值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4696f8a9da1fed768fa7fb834d81999b\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"><span>Chart: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>图表：寻求阿尔法</span></p></blockquote></p><p> Just last week GameStop&nbsp;released&nbsp;its Q2 earnings results. During the period, the company managed to generate only $1.18 billion in revenues, up 25.3% Y/Y, barely beating the estimates by $60 million. The problem is that a 25.3% Y/Y growth is terrible for a company such as GameStop since lots of its stores were shut down during the same period last year due to the pandemic and a minimal amount of revenue was generated. On top of that, the company’s non-GAAP EPS was -$0.76, below the estimates by $0.09, while its net loss stood at $61.6 million.</p><p><blockquote>就在上周，游戏驿站发布了第二季度财报。在此期间，该公司仅实现收入11.8亿美元，同比增长25.3%，仅超出预期6000万美元。问题是，25.3%的同比增长对于游戏驿站这样的公司来说是可怕的，因为去年同期该公司的许多商店因疫情而关闭，并且产生的收入很少。除此之外，该公司的非GAAP每股收益为-0.76美元，比预期低0.09美元，而净亏损为6160万美元。</blockquote></p><p> The biggest downside of GameStop is that it doesn’t have any unique positioning in the video gaming industry. The company acts as a middleman with no clear advantages to publishers or consumers, while at the same time its retail-focused business model is unable to adapt to the new reality where games can be easily and legally downloaded online. Another problem of GameStop is that at the end of Q2 most of its revenues come from the sale of hardware such as consoles, which were released last year. Once the demand for new devices decreases over time, the sales of the hardware side of the business will decline as well.</p><p><blockquote>游戏驿站最大的缺点是它在视频游戏行业没有任何独特的定位。该公司充当中间商，对发行商或消费者没有明显优势，同时其以零售为中心的商业模式无法适应游戏可以轻松合法地在线下载的新现实。游戏驿站的另一个问题是，第二季度末，其大部分收入来自去年发布的游戏机等硬件的销售。一旦对新设备的需求随着时间的推移而减少，业务硬件方面的销售额也会下降。</blockquote></p><p> With Ryan Cohen as the new chairman of the board, the goal of GameStop right now is to pivot to the eCommerce business. However, we find it hard to believe that the company has a decent shot of becoming a video gaming behemoth in the eCommerce field. The problem is that GameStop doesn’t have any pricing power in the software business, as publishers such as Microsoft (MSFT), Sony (SNE), Ubisoft (OTCPK:UBSFY), Electronic Arts (EA), and others are already ahead of GameStop in online presence. Most of them have their own first-party subscription services that make it more attractive for gamers to use the services directly and play games at a significant discount rather than buy games from GameStop. On top of that, cloud gaming becomes more of a reality with each passing year thanks to the introduction of services such as PlayStation Now and Xbox Cloud Gaming, which let consumers play games without owning them in the first place. As the industry continues to digitize more and more every year, GameStop will continue to lose market share, as its retail stores will continue to drain the cash, while eCommerce efforts are unlikely going to generate meaningful returns anytime soon.</p><p><blockquote>随着Ryan Cohen成为新任董事会主席，游戏驿站目前的目标是转向电子商务业务。然而，我们很难相信该公司有机会成为电子商务领域的视频游戏巨头。问题是游戏驿站在软件业务上没有任何定价权，因为微软（MSFT）、索尼（SNE）、育碧（OTCPK：UBSFY）、艺电（EA）等出版商已经领先于游戏驿站在线业务。他们中的大多数都有自己的第一方订阅服务，这使得游戏玩家直接使用这些服务并以大幅折扣玩游戏比从游戏驿站购买游戏更具吸引力。最重要的是，由于PlayStation Now和Xbox Cloud Gaming等服务的推出，云游戏逐年变得更加现实，这些服务让消费者无需首先拥有游戏即可玩游戏。随着该行业每年都在不断数字化，游戏驿站将继续失去市场份额，因为其零售店将继续消耗现金，而电子商务努力不太可能很快产生有意义的回报。</blockquote></p><p> Another downside of GameStop is that the management has been quiet about how GameStop will transform itself, leaving investors in the dark. No questions from analysts were taken during the last three conference calls and no guidance was issued as well. We consider this to be a major red flag and believe this to be one of the main reasons why GameStop is an unattractive investment.</p><p><blockquote>游戏驿站的另一个缺点是，管理层对游戏驿站将如何转型保持沉默，让投资者蒙在鼓里。在过去三次会议评级上，分析师没有提出任何问题，也没有发布任何指导意见。我们认为这是一个主要的危险信号，并认为这是游戏驿站投资缺乏吸引力的主要原因之一。</blockquote></p><p></p><p> The only positive thing about the company is that it doesn’t have an overleveraged balance sheet, as its liquidity at the end of Q2&nbsp;stood&nbsp;at $1.72 billion, while long-term debt was only $47.5 million. However, other than that, we don’t see any other upside of GameStop and believe that its momentum will continue to fade. It’s already safe to say that the squeeze has run its course, as the stock has a short interest of less than 15%, and there are no catalysts for growth at the current levels. On top of that, the company’s annual revenue is unlikely to return to pre-pandemic levels anytime soon. Currently, the business is expected to continue to generate less than $6 billion in annual revenues this year, as its retail-focused business model is slowly dying, while the video gaming industry continues to grow at a double-digit rate every year.</p><p><blockquote>该公司唯一的积极之处在于它的资产负债表没有过度杠杆化，因为其第二季度末的流动性为17.2亿美元，而长期债务仅为4750万美元。然而，除此之外，我们没有看到游戏驿站的任何其他优势，并认为其势头将继续消退。可以肯定地说，挤压已经结束，因为该股的空头利息不到15%，而且目前水平不存在增长催化剂。最重要的是，该公司的年收入不太可能很快恢复到大流行前的水平。目前，该业务预计今年的年收入将继续低于60亿美元，因为其以零售为中心的商业模式正在慢慢消亡，而视频游戏行业每年仍以两位数的速度增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb72f458ec8ffd4315f63b7f456e4b13\" tg-width=\"875\" tg-height=\"375\" width=\"100%\" height=\"auto\"><span>Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：寻求阿尔法</span></p></blockquote></p><p> In addition, GameStop’s business has been unprofitable in the last three years when the gaming industry was growing, and it’s likely going to remain unprofitable this year, as nearly all of the company’s profitability&nbsp;metrics&nbsp;are below the sector median, while most of its margins are negative.</p><p><blockquote>此外，在游戏行业增长的过去三年中，游戏驿站的业务一直处于无利可图的状态，今年也很可能保持无利可图，因为该公司几乎所有的盈利指标都低于行业中位数，而大部分利润率都是负面的。</blockquote></p><p> Considering all of this, we find it hard to justify buying GameStop’s stock at a ~$15 billion market cap, as we see no catalysts that could’ve helped the business to improve its performance in the future. Also, most of the street analysts remain bearish on the stock, as the current&nbsp;consensus&nbsp;price target for GameStop’s shares is $37.50 per share, which represents more than 75% downside from the current market price. For that reason, we stick to our opinion that the momentum is fading away and it’s better to avoid GameStop at this stage.</p><p><blockquote>考虑到所有这些，我们发现很难证明以约150亿美元的市值购买游戏驿站股票是合理的，因为我们认为没有任何催化剂可以帮助该公司改善未来的业绩。此外，大多数华尔街分析师仍然看跌该股，因为游戏驿站股票目前的一致目标价为每股37.50美元，较当前市场价格下跌超过75%。因此，我们坚持认为势头正在消退，现阶段最好避免游戏驿站。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4455492-gamestop-with-short-interest-of-less-than-15-percent-dont-expect-another-squeeze\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://seekingalpha.com/article/4455492-gamestop-with-short-interest-of-less-than-15-percent-dont-expect-another-squeeze","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147063668","content_text":"Summary\n\nGameStop continues to be a struggling video gaming retailer with limited upside and no ability to create additional shareholder value anytime soon.\nWith short interest of less than 15%, investors shouldn’t expect to see another squeeze happening in the following months.\nWe stick to our opinion that it’s better to avoid GameStop, especially since its stock is extremely overvalued at the current price.\n\nJustin Sullivan/Getty Images News\nIt’s safe to say that GameStop’s (GME) squeeze has run its course and with a short interest of less than 15%, investors shouldn’t expect to see another squeeze happening anytime soon. In addition, as GameStop continues to struggle to improve its performance, while the gaming industry experiences double-digit growth, it’s unlikely that the retailer will be able to create additional shareholder value in the foreseeable future. Considering this, we stick to our opinion that it’s better to avoid GameStop, especially since it’s extremely overvalued at the current levels.\nNothing To Look At\nGameStop continues to be a struggling video gaming retailer at this stage. Its business failed to significantly improve during the greatest growth of the video gaming industry in a decade, and it’s unlikely going to improve anytime soon. While retail traders managed to squeeze short-sellers earlier this year, GameStop’s stock failed to gain any traction in recent months. We were right when we said that its momentum is fading away, as the stock is down nearly 7% from when our last article on the company was published in late June, while the S&P 500 is up over 5% for the same period. Going forward, we continue to believe that GameStop’s shares will depreciate even more in the foreseeable future.\nChart: Seeking Alpha\nJust last week GameStop released its Q2 earnings results. During the period, the company managed to generate only $1.18 billion in revenues, up 25.3% Y/Y, barely beating the estimates by $60 million. The problem is that a 25.3% Y/Y growth is terrible for a company such as GameStop since lots of its stores were shut down during the same period last year due to the pandemic and a minimal amount of revenue was generated. On top of that, the company’s non-GAAP EPS was -$0.76, below the estimates by $0.09, while its net loss stood at $61.6 million.\nThe biggest downside of GameStop is that it doesn’t have any unique positioning in the video gaming industry. The company acts as a middleman with no clear advantages to publishers or consumers, while at the same time its retail-focused business model is unable to adapt to the new reality where games can be easily and legally downloaded online. Another problem of GameStop is that at the end of Q2 most of its revenues come from the sale of hardware such as consoles, which were released last year. Once the demand for new devices decreases over time, the sales of the hardware side of the business will decline as well.\nWith Ryan Cohen as the new chairman of the board, the goal of GameStop right now is to pivot to the eCommerce business. However, we find it hard to believe that the company has a decent shot of becoming a video gaming behemoth in the eCommerce field. The problem is that GameStop doesn’t have any pricing power in the software business, as publishers such as Microsoft (MSFT), Sony (SNE), Ubisoft (OTCPK:UBSFY), Electronic Arts (EA), and others are already ahead of GameStop in online presence. Most of them have their own first-party subscription services that make it more attractive for gamers to use the services directly and play games at a significant discount rather than buy games from GameStop. On top of that, cloud gaming becomes more of a reality with each passing year thanks to the introduction of services such as PlayStation Now and Xbox Cloud Gaming, which let consumers play games without owning them in the first place. As the industry continues to digitize more and more every year, GameStop will continue to lose market share, as its retail stores will continue to drain the cash, while eCommerce efforts are unlikely going to generate meaningful returns anytime soon.\nAnother downside of GameStop is that the management has been quiet about how GameStop will transform itself, leaving investors in the dark. No questions from analysts were taken during the last three conference calls and no guidance was issued as well. We consider this to be a major red flag and believe this to be one of the main reasons why GameStop is an unattractive investment.\nThe only positive thing about the company is that it doesn’t have an overleveraged balance sheet, as its liquidity at the end of Q2 stood at $1.72 billion, while long-term debt was only $47.5 million. However, other than that, we don’t see any other upside of GameStop and believe that its momentum will continue to fade. It’s already safe to say that the squeeze has run its course, as the stock has a short interest of less than 15%, and there are no catalysts for growth at the current levels. On top of that, the company’s annual revenue is unlikely to return to pre-pandemic levels anytime soon. Currently, the business is expected to continue to generate less than $6 billion in annual revenues this year, as its retail-focused business model is slowly dying, while the video gaming industry continues to grow at a double-digit rate every year.\nSource: Seeking Alpha\nIn addition, GameStop’s business has been unprofitable in the last three years when the gaming industry was growing, and it’s likely going to remain unprofitable this year, as nearly all of the company’s profitability metrics are below the sector median, while most of its margins are negative.\nConsidering all of this, we find it hard to justify buying GameStop’s stock at a ~$15 billion market cap, as we see no catalysts that could’ve helped the business to improve its performance in the future. Also, most of the street analysts remain bearish on the stock, as the current consensus price target for GameStop’s shares is $37.50 per share, which represents more than 75% downside from the current market price. For that reason, we stick to our opinion that the momentum is fading away and it’s better to avoid GameStop at this stage.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}