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spoons
2021-03-05
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spoons
2021-02-25
stock split?
Why Baidu Stock Crashed Today -- and Then Largely Recovered<blockquote>为什么百度股票今天暴跌，然后基本回升</blockquote>
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2021-02-25
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2021-02-25
great news
Why J.P. Morgan Says Now Is the Time to Bet on the S&P 500<blockquote>为什么摩根大通表示现在是押注标普500的时候</blockquote>
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","listText":"awesome ","text":"awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/367380835","repostId":"2117950085","repostType":4,"isVote":1,"tweetType":1,"viewCount":2876,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361171429,"gmtCreate":1614216794861,"gmtModify":1634550668907,"author":{"id":"3568605387517047","authorId":"3568605387517047","name":"spoons","avatar":"https://static.tigerbbs.com/01a3bff4c3a5ff4ab47979305e69f735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568605387517047","authorIdStr":"3568605387517047"},"themes":[],"htmlText":"stock split?","listText":"stock split?","text":"stock split?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361171429","repostId":"1104736316","repostType":4,"repost":{"id":"1104736316","kind":"news","pubTimestamp":1614156425,"share":"https://www.laohu8.com/m/news/1104736316?lang=zh_CN&edition=full","pubTime":"2021-02-24 16:47","market":"us","language":"en","title":"Why Baidu Stock Crashed Today -- and Then Largely Recovered<blockquote>为什么百度股票今天暴跌，然后基本回升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104736316","media":"Motley Fool","summary":"Tech stock panic was partly countered by analysts' enthusiasm for this company.\nWhat happened\nAfter ","content":"<p>Tech stock panic was partly countered by analysts' enthusiasm for this company.</p><p><blockquote>分析师对这家公司的热情部分抵消了科技股的恐慌。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> After a couple of days in which four analysts upped their price targets on Chinese search giant <b>Baidu</b>(NASDAQ:BIDU), the stock dropped Tuesday, falling as much as 13% in the middle of atech stockrout on Wall Street.</p><p><blockquote>几天前，四位分析师上调了这家中国搜索巨头的目标价<b>百度</b>（纳斯达克：BIDU），该股周二下跌，在华尔街科技股暴跌期间跌幅高达13%。</blockquote></p><p> However, it clawed back most of those losses in the afternoon, closing the trading day down by 3.9%.</p><p><blockquote>然而，该股在下午收复了大部分失地，收盘下跌3.9%。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> You can blame the day's loss on Tuesday's sell-off of tech stocks. But things could have ended a lot worse for Baidu, and one of the reasons they didn't was because of all the support the company has been winning on Wall Street lately.</p><p><blockquote>你可以将当天的损失归咎于周二科技股的抛售。但对于百度来说，事情的结局可能会更糟糕，而他们没有这样做的原因之一是该公司最近在华尔街赢得了所有支持。</blockquote></p><p> On Monday, both Goldman Sachs and British bank Barclays raised their price targets on Baidu stock, to $383 per share and $400, respectively. Then Susquehanna Financial entered a \"Street high\" price prediction that Baidu will hit $450 a share within a year. And on Tuesday, the cheering continued with KeyBanc posting a $390 price target.</p><p><blockquote>周一，高盛和英国银行Barclays均将百度股票的目标价分别上调至每股383美元和400美元。随后Susquehanna Financial进入了“街头高点”价格预测，百度将在一年内达到每股450美元。周二，KeyBanc公布了390美元的目标价，欢呼声仍在继续。</blockquote></p><p> Susquehanna noted that it was impressed with Baidu's fourth-quarter earnings beat last week, and said it expects 2021 to be even better. \"The core business continues to improve,\" noted the firm's analyst, emphasizing that Baidu remains \"a leading player in China's search market\" and also the \"owner of one of the top video assets in the country.\" At the same time, its \"AI businesses are experiencing very strong momentum.\"</p><p><blockquote>Susquehanna指出，百度上周第四季度盈利超出预期给它留下了深刻印象，并表示预计2021年会更好。该公司分析师指出，“核心业务持续改善”，并强调百度仍然是“中国搜索市场的领先者”，也是“中国顶级视频资产之一的所有者”。与此同时，其“人工智能业务正在经历非常强劲的势头”。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The analysts had better be right about that, though, because while it's true Baidu \"beat earnings\" in Q4, its sales were still down for the second year running in 2020, and while forecasts about its future growth are strong, even results that meet them may not be enough to support the stock's extreme valuation. Total net income for the year was $3.4 billion, giving Baidu stock a price-to-earnings ratio of more than 32. Weak free cash flow for the year left Baidu's price-to-free-cash-flow ratio at an even steeper 37.9.</p><p><blockquote>不过，分析师在这一点上最好是正确的，因为虽然百度确实在第四季度“超出了盈利”，但其销售额在2020年仍连续第二年下降，尽管对其未来增长的预测很强劲，但即使业绩满足他们可能不足以支撑该股的极端估值。全年净利润总额为34亿美元，使百度股票的市盈率超过32。今年自由现金流疲软，导致百度的市盈率与自由现金流之比高达37.9。</blockquote></p><p> With most analysts predicting that Baidu will grow earnings at about 18% annually over the next five years, I'm afraid the stock just doesn't look like much of a bargain to me.</p><p><blockquote>由于大多数分析师预测百度未来五年的盈利将以每年18%左右的速度增长，恐怕这只股票对我来说看起来并不便宜。</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>Why Baidu Stock Crashed Today -- and Then Largely Recovered<blockquote>为什么百度股票今天暴跌，然后基本回升</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\">\nWhy Baidu Stock Crashed Today -- and Then Largely Recovered<blockquote>为什么百度股票今天暴跌，然后基本回升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-02-24 16:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tech stock panic was partly countered by analysts' enthusiasm for this company.</p><p><blockquote>分析师对这家公司的热情部分抵消了科技股的恐慌。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> After a couple of days in which four analysts upped their price targets on Chinese search giant <b>Baidu</b>(NASDAQ:BIDU), the stock dropped Tuesday, falling as much as 13% in the middle of atech stockrout on Wall Street.</p><p><blockquote>几天前，四位分析师上调了这家中国搜索巨头的目标价<b>百度</b>（纳斯达克：BIDU），该股周二下跌，在华尔街科技股暴跌期间跌幅高达13%。</blockquote></p><p> However, it clawed back most of those losses in the afternoon, closing the trading day down by 3.9%.</p><p><blockquote>然而，该股在下午收复了大部分失地，收盘下跌3.9%。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> You can blame the day's loss on Tuesday's sell-off of tech stocks. But things could have ended a lot worse for Baidu, and one of the reasons they didn't was because of all the support the company has been winning on Wall Street lately.</p><p><blockquote>你可以将当天的损失归咎于周二科技股的抛售。但对于百度来说，事情的结局可能会更糟糕，而他们没有这样做的原因之一是该公司最近在华尔街赢得了所有支持。</blockquote></p><p> On Monday, both Goldman Sachs and British bank Barclays raised their price targets on Baidu stock, to $383 per share and $400, respectively. Then Susquehanna Financial entered a \"Street high\" price prediction that Baidu will hit $450 a share within a year. And on Tuesday, the cheering continued with KeyBanc posting a $390 price target.</p><p><blockquote>周一，高盛和英国银行Barclays均将百度股票的目标价分别上调至每股383美元和400美元。随后Susquehanna Financial进入了“街头高点”价格预测，百度将在一年内达到每股450美元。周二，KeyBanc公布了390美元的目标价，欢呼声仍在继续。</blockquote></p><p> Susquehanna noted that it was impressed with Baidu's fourth-quarter earnings beat last week, and said it expects 2021 to be even better. \"The core business continues to improve,\" noted the firm's analyst, emphasizing that Baidu remains \"a leading player in China's search market\" and also the \"owner of one of the top video assets in the country.\" At the same time, its \"AI businesses are experiencing very strong momentum.\"</p><p><blockquote>Susquehanna指出，百度上周第四季度盈利超出预期给它留下了深刻印象，并表示预计2021年会更好。该公司分析师指出，“核心业务持续改善”，并强调百度仍然是“中国搜索市场的领先者”，也是“中国顶级视频资产之一的所有者”。与此同时，其“人工智能业务正在经历非常强劲的势头”。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The analysts had better be right about that, though, because while it's true Baidu \"beat earnings\" in Q4, its sales were still down for the second year running in 2020, and while forecasts about its future growth are strong, even results that meet them may not be enough to support the stock's extreme valuation. Total net income for the year was $3.4 billion, giving Baidu stock a price-to-earnings ratio of more than 32. Weak free cash flow for the year left Baidu's price-to-free-cash-flow ratio at an even steeper 37.9.</p><p><blockquote>不过，分析师在这一点上最好是正确的，因为虽然百度确实在第四季度“超出了盈利”，但其销售额在2020年仍连续第二年下降，尽管对其未来增长的预测很强劲，但即使业绩满足他们可能不足以支撑该股的极端估值。全年净利润总额为34亿美元，使百度股票的市盈率超过32。今年自由现金流疲软，导致百度的市盈率与自由现金流之比高达37.9。</blockquote></p><p> With most analysts predicting that Baidu will grow earnings at about 18% annually over the next five years, I'm afraid the stock just doesn't look like much of a bargain to me.</p><p><blockquote>由于大多数分析师预测百度未来五年的盈利将以每年18%左右的速度增长，恐怕这只股票对我来说看起来并不便宜。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/02/23/why-baidu-stock-crashed-today-and-then-largely-rec/\">Motley 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":{"BIDU":"百度"},"source_url":"https://www.fool.com/investing/2021/02/23/why-baidu-stock-crashed-today-and-then-largely-rec/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104736316","content_text":"Tech stock panic was partly countered by analysts' enthusiasm for this company.\nWhat happened\nAfter a couple of days in which four analysts upped their price targets on Chinese search giant Baidu(NASDAQ:BIDU), the stock dropped Tuesday, falling as much as 13% in the middle of atech stockrout on Wall Street.\nHowever, it clawed back most of those losses in the afternoon, closing the trading day down by 3.9%.\nSo what\nYou can blame the day's loss on Tuesday's sell-off of tech stocks. But things could have ended a lot worse for Baidu, and one of the reasons they didn't was because of all the support the company has been winning on Wall Street lately.\nOn Monday, both Goldman Sachs and British bank Barclays raised their price targets on Baidu stock, to $383 per share and $400, respectively. Then Susquehanna Financial entered a \"Street high\" price prediction that Baidu will hit $450 a share within a year. And on Tuesday, the cheering continued with KeyBanc posting a $390 price target.\nSusquehanna noted that it was impressed with Baidu's fourth-quarter earnings beat last week, and said it expects 2021 to be even better. \"The core business continues to improve,\" noted the firm's analyst, emphasizing that Baidu remains \"a leading player in China's search market\" and also the \"owner of one of the top video assets in the country.\" At the same time, its \"AI businesses are experiencing very strong momentum.\"\nNow what\nThe analysts had better be right about that, though, because while it's true Baidu \"beat earnings\" in Q4, its sales were still down for the second year running in 2020, and while forecasts about its future growth are strong, even results that meet them may not be enough to support the stock's extreme valuation. Total net income for the year was $3.4 billion, giving Baidu stock a price-to-earnings ratio of more than 32. Weak free cash flow for the year left Baidu's price-to-free-cash-flow ratio at an even steeper 37.9.\nWith most analysts predicting that Baidu will grow earnings at about 18% annually over the next five years, I'm afraid the stock just doesn't look like much of a bargain to me.","news_type":1,"symbols_score_info":{"BIDU":0.9}},"isVote":1,"tweetType":1,"viewCount":1078,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361147452,"gmtCreate":1614216473676,"gmtModify":1634550670899,"author":{"id":"3568605387517047","authorId":"3568605387517047","name":"spoons","avatar":"https://static.tigerbbs.com/01a3bff4c3a5ff4ab47979305e69f735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568605387517047","authorIdStr":"3568605387517047"},"themes":[],"htmlText":"madness ","listText":"madness ","text":"madness","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361147452","repostId":"1108395722","repostType":4,"isVote":1,"tweetType":1,"viewCount":896,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361145458,"gmtCreate":1614216322074,"gmtModify":1634550671728,"author":{"id":"3568605387517047","authorId":"3568605387517047","name":"spoons","avatar":"https://static.tigerbbs.com/01a3bff4c3a5ff4ab47979305e69f735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568605387517047","authorIdStr":"3568605387517047"},"themes":[],"htmlText":"great news ","listText":"great news ","text":"great news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361145458","repostId":"1129467108","repostType":4,"repost":{"id":"1129467108","kind":"news","pubTimestamp":1614164417,"share":"https://www.laohu8.com/m/news/1129467108?lang=zh_CN&edition=full","pubTime":"2021-02-24 19:00","market":"us","language":"en","title":"Why J.P. Morgan Says Now Is the Time to Bet on the S&P 500<blockquote>为什么摩根大通表示现在是押注标普500的时候</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129467108","media":"Barrons","summary":"Don’t worry. Be greedy.Even though investor fears are rising, and the stock market is getting bullie","content":"<p>Don’t worry. Be greedy.</p><p><blockquote>别担心。要贪心。</blockquote></p><p>Even though investor fears are rising, and the stock market is getting bullied by rising bond yields,J.P. Morganstrategists have told their clients that now is the time to embrace stocks.</p><p><blockquote>尽管投资者的担忧正在加剧，股市也受到债券收益率上升的欺负，但J.P.摩根策略师告诉他们的客户，现在是拥抱股票的时候了。</blockquote></p><p>TheS&P 500may be waffling around 3875, but the bank is standing by its 2021 year-end price target of 4400 on a range of 4200 to 4600. Its numbers aren’t merely some derivative of the stock market’s expected earnings. Instead, they reflect America’s economic reawakening after the Covid-19 pandemic.</p><p><blockquote>标准普尔500指数可能在3875点附近徘徊，但该行坚持2021年年底目标价4400点，区间为4200点至4600点。它的数字不仅仅是股市预期收益的一些衍生物。相反，它们反映了美国在Covid-19大流行后的经济复苏。</blockquote></p><p>Shawn Quigg, a J.P. Morgan derivatives strategist, recently told clients that there is little to stand in the way of the market’s achievement of “such gains sooner than later, particularly considering the numerous catalysts ahead, their impact on volatility, and the implications that will have on investor positioning.”</p><p><blockquote>摩根大通衍生品策略师肖恩·奎格(Shawn Quigg)最近告诉客户，市场实现“这种收益迟早会到来，特别是考虑到未来的众多催化剂、它们对波动性的影响以及对投资者定位的影响。”</blockquote></p><p>As President Joe Biden’s administration champions a $1.9 trillion stimulus program, and Covid-19 infections and hospitalizations decline, Quigg anticipates stocks surging. His view is somewhat at odds with recent trading. Stocks have declined as the 10-year Treasury note yield has increased to about 1.38%, a move that is fanning inflation fearsand worries about stock slumps.</p><p><blockquote>随着乔·拜登总统的政府支持1.9万亿美元的刺激计划，以及Covid-19感染和住院人数的下降，奎格预计股市将飙升。他的观点与近期交易有些出入。随着10年期国债收益率升至1.38%左右，股市下跌，此举加剧了通胀担忧和对股市暴跌的担忧。</blockquote></p><p>Quigg likes taking advantage of the fear and the pending stimulus program, which Biden has begun to defend against concerns that it is too large. In various interviews, the president has challenged critics to tell him what to cut at a time when so much of the nation is suffering. The Biden administration is now warning that the greatest risk isn’t a large stimulus package, but one that is too small and thus doesn’t meaningfully stimulate economic growth.</p><p><blockquote>奎格喜欢利用恐惧和悬而未决的刺激计划，拜登已经开始为该计划辩护，因为担心该计划规模过大。在各种采访中，总统挑战批评者告诉他，在这个国家如此多的人遭受苦难的时候，应该削减什么。拜登政府现在警告说，最大的风险不是大规模的刺激计划，而是规模太小，因此无法有意义地刺激经济增长。</blockquote></p><p>To position for the stock market to surge higher, Quigg advised clients to consider selling one of the SPDR S&P 500 ETF‘s (ticker: SPY) May $353 put options and buying 15 May $450 call options. When the ETF was at $392.39, the leveraged risk-reversal strategy—that is,selling one put and buying many more calls with a higher strike price but the same expiration—could be done for no cost. In other words, the money received for selling the put was enough to buy 15 bullish calls.</p><p><blockquote>为了让股市飙升，Quigg建议客户考虑出售SPDR标普500 ETF（股票代码：SPDR标普500指数ETF）5月353美元的看跌期权之一，并购买5月15日450美元的看涨期权期权。当ETF价格为392.39美元时，杠杆风险逆转策略——即卖出一份看跌期权并买入更多执行价格更高但到期日相同的评级——可以免费完成。换句话说，卖出看跌期权收到的钱足以买入15个看涨的评级。</blockquote></p><p>The trade expresses high conviction that the ETF—which was recently trading around $387—will reach $450 by May 21, when May options expire. At $460, the call is worth $10.</p><p><blockquote>该交易表明，该ETF（最近交易价格约为387美元）将在5月21日5月期权到期时达到450美元。看涨期权售价460美元，价值10美元。</blockquote></p><p>Should the ETF decline, say, because current fears push the market below the $353 strike price, investors would be obligated to buy it at the lower price, or to cover or adjust the puts.</p><p><blockquote>比方说，如果ETF下跌，因为当前的担忧将市场推至353美元的执行价格以下，投资者将有义务以较低的价格买入，或者回补或调整看跌期权。</blockquote></p><p>Quigg’s trade idea has a lot to admire.</p><p><blockquote>奎格的交易理念有很多值得钦佩的地方。</blockquote></p><p>For one, the trade carried zero cost when it was recommended late last week. Yes, prices have moved since the Feb. 18 note was published, but investors can recast strike prices to create similar pricing. The markets change, and that’s why there are so many different strike prices that are listed.</p><p><blockquote>其一，上周晚些时候推荐该交易时成本为零。是的，自2月18日的报告发布以来，价格已经发生了变化，但投资者可以重新调整执行价格以创建类似的定价。市场会发生变化，这就是为什么列出了这么多不同的执行价格。</blockquote></p><p>Moreover, if J.P. Morgan’s base view of the economic reawakening proves true, owning a bundle of upside calls that cost nothing could be quite lucrative. Should the market succumb to the current fears that are weakening prices, owning S&P 500 stocks at lower prices isn’t terrible, either.</p><p><blockquote>此外，如果摩根大通对经济复苏的基本观点被证明是正确的，那么拥有一批不需要花费任何成本的上行评级可能会非常有利可图。如果市场屈服于当前价格疲软的担忧，以较低的价格持有标普500股票也并不可怕。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why J.P. Morgan Says Now Is the Time to Bet on the S&P 500<blockquote>为什么摩根大通表示现在是押注标普500的时候</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\">\nWhy J.P. Morgan Says Now Is the Time to Bet on the S&P 500<blockquote>为什么摩根大通表示现在是押注标普500的时候</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-02-24 19:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Don’t worry. Be greedy.</p><p><blockquote>别担心。要贪心。</blockquote></p><p>Even though investor fears are rising, and the stock market is getting bullied by rising bond yields,J.P. Morganstrategists have told their clients that now is the time to embrace stocks.</p><p><blockquote>尽管投资者的担忧正在加剧，股市也受到债券收益率上升的欺负，但J.P.摩根策略师告诉他们的客户，现在是拥抱股票的时候了。</blockquote></p><p>TheS&P 500may be waffling around 3875, but the bank is standing by its 2021 year-end price target of 4400 on a range of 4200 to 4600. Its numbers aren’t merely some derivative of the stock market’s expected earnings. Instead, they reflect America’s economic reawakening after the Covid-19 pandemic.</p><p><blockquote>标准普尔500指数可能在3875点附近徘徊，但该行坚持2021年年底目标价4400点，区间为4200点至4600点。它的数字不仅仅是股市预期收益的一些衍生物。相反，它们反映了美国在Covid-19大流行后的经济复苏。</blockquote></p><p>Shawn Quigg, a J.P. Morgan derivatives strategist, recently told clients that there is little to stand in the way of the market’s achievement of “such gains sooner than later, particularly considering the numerous catalysts ahead, their impact on volatility, and the implications that will have on investor positioning.”</p><p><blockquote>摩根大通衍生品策略师肖恩·奎格(Shawn Quigg)最近告诉客户，市场实现“这种收益迟早会到来，特别是考虑到未来的众多催化剂、它们对波动性的影响以及对投资者定位的影响。”</blockquote></p><p>As President Joe Biden’s administration champions a $1.9 trillion stimulus program, and Covid-19 infections and hospitalizations decline, Quigg anticipates stocks surging. His view is somewhat at odds with recent trading. Stocks have declined as the 10-year Treasury note yield has increased to about 1.38%, a move that is fanning inflation fearsand worries about stock slumps.</p><p><blockquote>随着乔·拜登总统的政府支持1.9万亿美元的刺激计划，以及Covid-19感染和住院人数的下降，奎格预计股市将飙升。他的观点与近期交易有些出入。随着10年期国债收益率升至1.38%左右，股市下跌，此举加剧了通胀担忧和对股市暴跌的担忧。</blockquote></p><p>Quigg likes taking advantage of the fear and the pending stimulus program, which Biden has begun to defend against concerns that it is too large. In various interviews, the president has challenged critics to tell him what to cut at a time when so much of the nation is suffering. The Biden administration is now warning that the greatest risk isn’t a large stimulus package, but one that is too small and thus doesn’t meaningfully stimulate economic growth.</p><p><blockquote>奎格喜欢利用恐惧和悬而未决的刺激计划，拜登已经开始为该计划辩护，因为担心该计划规模过大。在各种采访中，总统挑战批评者告诉他，在这个国家如此多的人遭受苦难的时候，应该削减什么。拜登政府现在警告说，最大的风险不是大规模的刺激计划，而是规模太小，因此无法有意义地刺激经济增长。</blockquote></p><p>To position for the stock market to surge higher, Quigg advised clients to consider selling one of the SPDR S&P 500 ETF‘s (ticker: SPY) May $353 put options and buying 15 May $450 call options. When the ETF was at $392.39, the leveraged risk-reversal strategy—that is,selling one put and buying many more calls with a higher strike price but the same expiration—could be done for no cost. In other words, the money received for selling the put was enough to buy 15 bullish calls.</p><p><blockquote>为了让股市飙升，Quigg建议客户考虑出售SPDR标普500 ETF（股票代码：SPDR标普500指数ETF）5月353美元的看跌期权之一，并购买5月15日450美元的看涨期权期权。当ETF价格为392.39美元时，杠杆风险逆转策略——即卖出一份看跌期权并买入更多执行价格更高但到期日相同的评级——可以免费完成。换句话说，卖出看跌期权收到的钱足以买入15个看涨的评级。</blockquote></p><p>The trade expresses high conviction that the ETF—which was recently trading around $387—will reach $450 by May 21, when May options expire. At $460, the call is worth $10.</p><p><blockquote>该交易表明，该ETF（最近交易价格约为387美元）将在5月21日5月期权到期时达到450美元。看涨期权售价460美元，价值10美元。</blockquote></p><p>Should the ETF decline, say, because current fears push the market below the $353 strike price, investors would be obligated to buy it at the lower price, or to cover or adjust the puts.</p><p><blockquote>比方说，如果ETF下跌，因为当前的担忧将市场推至353美元的执行价格以下，投资者将有义务以较低的价格买入，或者回补或调整看跌期权。</blockquote></p><p>Quigg’s trade idea has a lot to admire.</p><p><blockquote>奎格的交易理念有很多值得钦佩的地方。</blockquote></p><p>For one, the trade carried zero cost when it was recommended late last week. Yes, prices have moved since the Feb. 18 note was published, but investors can recast strike prices to create similar pricing. The markets change, and that’s why there are so many different strike prices that are listed.</p><p><blockquote>其一，上周晚些时候推荐该交易时成本为零。是的，自2月18日的报告发布以来，价格已经发生了变化，但投资者可以重新调整执行价格以创建类似的定价。市场会发生变化，这就是为什么列出了这么多不同的执行价格。</blockquote></p><p>Moreover, if J.P. Morgan’s base view of the economic reawakening proves true, owning a bundle of upside calls that cost nothing could be quite lucrative. Should the market succumb to the current fears that are weakening prices, owning S&P 500 stocks at lower prices isn’t terrible, either.</p><p><blockquote>此外，如果摩根大通对经济复苏的基本观点被证明是正确的，那么拥有一批不需要花费任何成本的上行评级可能会非常有利可图。如果市场屈服于当前价格疲软的担忧，以较低的价格持有标普500股票也并不可怕。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/why-j-p-morgan-says-now-is-the-time-to-bet-on-the-s-p-500-51614090217?mod=RTA\">Barrons</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":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/why-j-p-morgan-says-now-is-the-time-to-bet-on-the-s-p-500-51614090217?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129467108","content_text":"Don’t worry. Be greedy.Even though investor fears are rising, and the stock market is getting bullied by rising bond yields,J.P. Morganstrategists have told their clients that now is the time to embrace stocks.TheS&P 500may be waffling around 3875, but the bank is standing by its 2021 year-end price target of 4400 on a range of 4200 to 4600. Its numbers aren’t merely some derivative of the stock market’s expected earnings. Instead, they reflect America’s economic reawakening after the Covid-19 pandemic.Shawn Quigg, a J.P. Morgan derivatives strategist, recently told clients that there is little to stand in the way of the market’s achievement of “such gains sooner than later, particularly considering the numerous catalysts ahead, their impact on volatility, and the implications that will have on investor positioning.”As President Joe Biden’s administration champions a $1.9 trillion stimulus program, and Covid-19 infections and hospitalizations decline, Quigg anticipates stocks surging. His view is somewhat at odds with recent trading. Stocks have declined as the 10-year Treasury note yield has increased to about 1.38%, a move that is fanning inflation fearsand worries about stock slumps.Quigg likes taking advantage of the fear and the pending stimulus program, which Biden has begun to defend against concerns that it is too large. In various interviews, the president has challenged critics to tell him what to cut at a time when so much of the nation is suffering. The Biden administration is now warning that the greatest risk isn’t a large stimulus package, but one that is too small and thus doesn’t meaningfully stimulate economic growth.To position for the stock market to surge higher, Quigg advised clients to consider selling one of the SPDR S&P 500 ETF‘s (ticker: SPY) May $353 put options and buying 15 May $450 call options. When the ETF was at $392.39, the leveraged risk-reversal strategy—that is,selling one put and buying many more calls with a higher strike price but the same expiration—could be done for no cost. In other words, the money received for selling the put was enough to buy 15 bullish calls.The trade expresses high conviction that the ETF—which was recently trading around $387—will reach $450 by May 21, when May options expire. At $460, the call is worth $10.Should the ETF decline, say, because current fears push the market below the $353 strike price, investors would be obligated to buy it at the lower price, or to cover or adjust the puts.Quigg’s trade idea has a lot to admire.For one, the trade carried zero cost when it was recommended late last week. Yes, prices have moved since the Feb. 18 note was published, but investors can recast strike prices to create similar pricing. The markets change, and that’s why there are so many different strike prices that are listed.Moreover, if J.P. Morgan’s base view of the economic reawakening proves true, owning a bundle of upside calls that cost nothing could be quite lucrative. Should the market succumb to the current fears that are weakening prices, owning S&P 500 stocks at lower prices isn’t terrible, either.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2869,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":367380835,"gmtCreate":1614910205727,"gmtModify":1703482848066,"author":{"id":"3568605387517047","authorId":"3568605387517047","name":"spoons","avatar":"https://static.tigerbbs.com/01a3bff4c3a5ff4ab47979305e69f735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568605387517047","authorIdStr":"3568605387517047"},"themes":[],"htmlText":"awesome ","listText":"awesome ","text":"awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/367380835","repostId":"2117950085","repostType":4,"isVote":1,"tweetType":1,"viewCount":2876,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361145458,"gmtCreate":1614216322074,"gmtModify":1634550671728,"author":{"id":"3568605387517047","authorId":"3568605387517047","name":"spoons","avatar":"https://static.tigerbbs.com/01a3bff4c3a5ff4ab47979305e69f735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568605387517047","authorIdStr":"3568605387517047"},"themes":[],"htmlText":"great news ","listText":"great news ","text":"great news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361145458","repostId":"1129467108","repostType":4,"repost":{"id":"1129467108","kind":"news","pubTimestamp":1614164417,"share":"https://www.laohu8.com/m/news/1129467108?lang=zh_CN&edition=full","pubTime":"2021-02-24 19:00","market":"us","language":"en","title":"Why J.P. Morgan Says Now Is the Time to Bet on the S&P 500<blockquote>为什么摩根大通表示现在是押注标普500的时候</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129467108","media":"Barrons","summary":"Don’t worry. Be greedy.Even though investor fears are rising, and the stock market is getting bullie","content":"<p>Don’t worry. Be greedy.</p><p><blockquote>别担心。要贪心。</blockquote></p><p>Even though investor fears are rising, and the stock market is getting bullied by rising bond yields,J.P. Morganstrategists have told their clients that now is the time to embrace stocks.</p><p><blockquote>尽管投资者的担忧正在加剧，股市也受到债券收益率上升的欺负，但J.P.摩根策略师告诉他们的客户，现在是拥抱股票的时候了。</blockquote></p><p>TheS&P 500may be waffling around 3875, but the bank is standing by its 2021 year-end price target of 4400 on a range of 4200 to 4600. Its numbers aren’t merely some derivative of the stock market’s expected earnings. Instead, they reflect America’s economic reawakening after the Covid-19 pandemic.</p><p><blockquote>标准普尔500指数可能在3875点附近徘徊，但该行坚持2021年年底目标价4400点，区间为4200点至4600点。它的数字不仅仅是股市预期收益的一些衍生物。相反，它们反映了美国在Covid-19大流行后的经济复苏。</blockquote></p><p>Shawn Quigg, a J.P. Morgan derivatives strategist, recently told clients that there is little to stand in the way of the market’s achievement of “such gains sooner than later, particularly considering the numerous catalysts ahead, their impact on volatility, and the implications that will have on investor positioning.”</p><p><blockquote>摩根大通衍生品策略师肖恩·奎格(Shawn Quigg)最近告诉客户，市场实现“这种收益迟早会到来，特别是考虑到未来的众多催化剂、它们对波动性的影响以及对投资者定位的影响。”</blockquote></p><p>As President Joe Biden’s administration champions a $1.9 trillion stimulus program, and Covid-19 infections and hospitalizations decline, Quigg anticipates stocks surging. His view is somewhat at odds with recent trading. Stocks have declined as the 10-year Treasury note yield has increased to about 1.38%, a move that is fanning inflation fearsand worries about stock slumps.</p><p><blockquote>随着乔·拜登总统的政府支持1.9万亿美元的刺激计划，以及Covid-19感染和住院人数的下降，奎格预计股市将飙升。他的观点与近期交易有些出入。随着10年期国债收益率升至1.38%左右，股市下跌，此举加剧了通胀担忧和对股市暴跌的担忧。</blockquote></p><p>Quigg likes taking advantage of the fear and the pending stimulus program, which Biden has begun to defend against concerns that it is too large. In various interviews, the president has challenged critics to tell him what to cut at a time when so much of the nation is suffering. The Biden administration is now warning that the greatest risk isn’t a large stimulus package, but one that is too small and thus doesn’t meaningfully stimulate economic growth.</p><p><blockquote>奎格喜欢利用恐惧和悬而未决的刺激计划，拜登已经开始为该计划辩护，因为担心该计划规模过大。在各种采访中，总统挑战批评者告诉他，在这个国家如此多的人遭受苦难的时候，应该削减什么。拜登政府现在警告说，最大的风险不是大规模的刺激计划，而是规模太小，因此无法有意义地刺激经济增长。</blockquote></p><p>To position for the stock market to surge higher, Quigg advised clients to consider selling one of the SPDR S&P 500 ETF‘s (ticker: SPY) May $353 put options and buying 15 May $450 call options. When the ETF was at $392.39, the leveraged risk-reversal strategy—that is,selling one put and buying many more calls with a higher strike price but the same expiration—could be done for no cost. In other words, the money received for selling the put was enough to buy 15 bullish calls.</p><p><blockquote>为了让股市飙升，Quigg建议客户考虑出售SPDR标普500 ETF（股票代码：SPDR标普500指数ETF）5月353美元的看跌期权之一，并购买5月15日450美元的看涨期权期权。当ETF价格为392.39美元时，杠杆风险逆转策略——即卖出一份看跌期权并买入更多执行价格更高但到期日相同的评级——可以免费完成。换句话说，卖出看跌期权收到的钱足以买入15个看涨的评级。</blockquote></p><p>The trade expresses high conviction that the ETF—which was recently trading around $387—will reach $450 by May 21, when May options expire. At $460, the call is worth $10.</p><p><blockquote>该交易表明，该ETF（最近交易价格约为387美元）将在5月21日5月期权到期时达到450美元。看涨期权售价460美元，价值10美元。</blockquote></p><p>Should the ETF decline, say, because current fears push the market below the $353 strike price, investors would be obligated to buy it at the lower price, or to cover or adjust the puts.</p><p><blockquote>比方说，如果ETF下跌，因为当前的担忧将市场推至353美元的执行价格以下，投资者将有义务以较低的价格买入，或者回补或调整看跌期权。</blockquote></p><p>Quigg’s trade idea has a lot to admire.</p><p><blockquote>奎格的交易理念有很多值得钦佩的地方。</blockquote></p><p>For one, the trade carried zero cost when it was recommended late last week. Yes, prices have moved since the Feb. 18 note was published, but investors can recast strike prices to create similar pricing. The markets change, and that’s why there are so many different strike prices that are listed.</p><p><blockquote>其一，上周晚些时候推荐该交易时成本为零。是的，自2月18日的报告发布以来，价格已经发生了变化，但投资者可以重新调整执行价格以创建类似的定价。市场会发生变化，这就是为什么列出了这么多不同的执行价格。</blockquote></p><p>Moreover, if J.P. Morgan’s base view of the economic reawakening proves true, owning a bundle of upside calls that cost nothing could be quite lucrative. Should the market succumb to the current fears that are weakening prices, owning S&P 500 stocks at lower prices isn’t terrible, either.</p><p><blockquote>此外，如果摩根大通对经济复苏的基本观点被证明是正确的，那么拥有一批不需要花费任何成本的上行评级可能会非常有利可图。如果市场屈服于当前价格疲软的担忧，以较低的价格持有标普500股票也并不可怕。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why J.P. Morgan Says Now Is the Time to Bet on the S&P 500<blockquote>为什么摩根大通表示现在是押注标普500的时候</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\">\nWhy J.P. Morgan Says Now Is the Time to Bet on the S&P 500<blockquote>为什么摩根大通表示现在是押注标普500的时候</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-02-24 19:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Don’t worry. Be greedy.</p><p><blockquote>别担心。要贪心。</blockquote></p><p>Even though investor fears are rising, and the stock market is getting bullied by rising bond yields,J.P. Morganstrategists have told their clients that now is the time to embrace stocks.</p><p><blockquote>尽管投资者的担忧正在加剧，股市也受到债券收益率上升的欺负，但J.P.摩根策略师告诉他们的客户，现在是拥抱股票的时候了。</blockquote></p><p>TheS&P 500may be waffling around 3875, but the bank is standing by its 2021 year-end price target of 4400 on a range of 4200 to 4600. Its numbers aren’t merely some derivative of the stock market’s expected earnings. Instead, they reflect America’s economic reawakening after the Covid-19 pandemic.</p><p><blockquote>标准普尔500指数可能在3875点附近徘徊，但该行坚持2021年年底目标价4400点，区间为4200点至4600点。它的数字不仅仅是股市预期收益的一些衍生物。相反，它们反映了美国在Covid-19大流行后的经济复苏。</blockquote></p><p>Shawn Quigg, a J.P. Morgan derivatives strategist, recently told clients that there is little to stand in the way of the market’s achievement of “such gains sooner than later, particularly considering the numerous catalysts ahead, their impact on volatility, and the implications that will have on investor positioning.”</p><p><blockquote>摩根大通衍生品策略师肖恩·奎格(Shawn Quigg)最近告诉客户，市场实现“这种收益迟早会到来，特别是考虑到未来的众多催化剂、它们对波动性的影响以及对投资者定位的影响。”</blockquote></p><p>As President Joe Biden’s administration champions a $1.9 trillion stimulus program, and Covid-19 infections and hospitalizations decline, Quigg anticipates stocks surging. His view is somewhat at odds with recent trading. Stocks have declined as the 10-year Treasury note yield has increased to about 1.38%, a move that is fanning inflation fearsand worries about stock slumps.</p><p><blockquote>随着乔·拜登总统的政府支持1.9万亿美元的刺激计划，以及Covid-19感染和住院人数的下降，奎格预计股市将飙升。他的观点与近期交易有些出入。随着10年期国债收益率升至1.38%左右，股市下跌，此举加剧了通胀担忧和对股市暴跌的担忧。</blockquote></p><p>Quigg likes taking advantage of the fear and the pending stimulus program, which Biden has begun to defend against concerns that it is too large. In various interviews, the president has challenged critics to tell him what to cut at a time when so much of the nation is suffering. The Biden administration is now warning that the greatest risk isn’t a large stimulus package, but one that is too small and thus doesn’t meaningfully stimulate economic growth.</p><p><blockquote>奎格喜欢利用恐惧和悬而未决的刺激计划，拜登已经开始为该计划辩护，因为担心该计划规模过大。在各种采访中，总统挑战批评者告诉他，在这个国家如此多的人遭受苦难的时候，应该削减什么。拜登政府现在警告说，最大的风险不是大规模的刺激计划，而是规模太小，因此无法有意义地刺激经济增长。</blockquote></p><p>To position for the stock market to surge higher, Quigg advised clients to consider selling one of the SPDR S&P 500 ETF‘s (ticker: SPY) May $353 put options and buying 15 May $450 call options. When the ETF was at $392.39, the leveraged risk-reversal strategy—that is,selling one put and buying many more calls with a higher strike price but the same expiration—could be done for no cost. In other words, the money received for selling the put was enough to buy 15 bullish calls.</p><p><blockquote>为了让股市飙升，Quigg建议客户考虑出售SPDR标普500 ETF（股票代码：SPDR标普500指数ETF）5月353美元的看跌期权之一，并购买5月15日450美元的看涨期权期权。当ETF价格为392.39美元时，杠杆风险逆转策略——即卖出一份看跌期权并买入更多执行价格更高但到期日相同的评级——可以免费完成。换句话说，卖出看跌期权收到的钱足以买入15个看涨的评级。</blockquote></p><p>The trade expresses high conviction that the ETF—which was recently trading around $387—will reach $450 by May 21, when May options expire. At $460, the call is worth $10.</p><p><blockquote>该交易表明，该ETF（最近交易价格约为387美元）将在5月21日5月期权到期时达到450美元。看涨期权售价460美元，价值10美元。</blockquote></p><p>Should the ETF decline, say, because current fears push the market below the $353 strike price, investors would be obligated to buy it at the lower price, or to cover or adjust the puts.</p><p><blockquote>比方说，如果ETF下跌，因为当前的担忧将市场推至353美元的执行价格以下，投资者将有义务以较低的价格买入，或者回补或调整看跌期权。</blockquote></p><p>Quigg’s trade idea has a lot to admire.</p><p><blockquote>奎格的交易理念有很多值得钦佩的地方。</blockquote></p><p>For one, the trade carried zero cost when it was recommended late last week. Yes, prices have moved since the Feb. 18 note was published, but investors can recast strike prices to create similar pricing. The markets change, and that’s why there are so many different strike prices that are listed.</p><p><blockquote>其一，上周晚些时候推荐该交易时成本为零。是的，自2月18日的报告发布以来，价格已经发生了变化，但投资者可以重新调整执行价格以创建类似的定价。市场会发生变化，这就是为什么列出了这么多不同的执行价格。</blockquote></p><p>Moreover, if J.P. Morgan’s base view of the economic reawakening proves true, owning a bundle of upside calls that cost nothing could be quite lucrative. Should the market succumb to the current fears that are weakening prices, owning S&P 500 stocks at lower prices isn’t terrible, either.</p><p><blockquote>此外，如果摩根大通对经济复苏的基本观点被证明是正确的，那么拥有一批不需要花费任何成本的上行评级可能会非常有利可图。如果市场屈服于当前价格疲软的担忧，以较低的价格持有标普500股票也并不可怕。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/why-j-p-morgan-says-now-is-the-time-to-bet-on-the-s-p-500-51614090217?mod=RTA\">Barrons</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":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/why-j-p-morgan-says-now-is-the-time-to-bet-on-the-s-p-500-51614090217?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129467108","content_text":"Don’t worry. Be greedy.Even though investor fears are rising, and the stock market is getting bullied by rising bond yields,J.P. Morganstrategists have told their clients that now is the time to embrace stocks.TheS&P 500may be waffling around 3875, but the bank is standing by its 2021 year-end price target of 4400 on a range of 4200 to 4600. Its numbers aren’t merely some derivative of the stock market’s expected earnings. Instead, they reflect America’s economic reawakening after the Covid-19 pandemic.Shawn Quigg, a J.P. Morgan derivatives strategist, recently told clients that there is little to stand in the way of the market’s achievement of “such gains sooner than later, particularly considering the numerous catalysts ahead, their impact on volatility, and the implications that will have on investor positioning.”As President Joe Biden’s administration champions a $1.9 trillion stimulus program, and Covid-19 infections and hospitalizations decline, Quigg anticipates stocks surging. His view is somewhat at odds with recent trading. Stocks have declined as the 10-year Treasury note yield has increased to about 1.38%, a move that is fanning inflation fearsand worries about stock slumps.Quigg likes taking advantage of the fear and the pending stimulus program, which Biden has begun to defend against concerns that it is too large. In various interviews, the president has challenged critics to tell him what to cut at a time when so much of the nation is suffering. The Biden administration is now warning that the greatest risk isn’t a large stimulus package, but one that is too small and thus doesn’t meaningfully stimulate economic growth.To position for the stock market to surge higher, Quigg advised clients to consider selling one of the SPDR S&P 500 ETF‘s (ticker: SPY) May $353 put options and buying 15 May $450 call options. When the ETF was at $392.39, the leveraged risk-reversal strategy—that is,selling one put and buying many more calls with a higher strike price but the same expiration—could be done for no cost. In other words, the money received for selling the put was enough to buy 15 bullish calls.The trade expresses high conviction that the ETF—which was recently trading around $387—will reach $450 by May 21, when May options expire. At $460, the call is worth $10.Should the ETF decline, say, because current fears push the market below the $353 strike price, investors would be obligated to buy it at the lower price, or to cover or adjust the puts.Quigg’s trade idea has a lot to admire.For one, the trade carried zero cost when it was recommended late last week. Yes, prices have moved since the Feb. 18 note was published, but investors can recast strike prices to create similar pricing. The markets change, and that’s why there are so many different strike prices that are listed.Moreover, if J.P. Morgan’s base view of the economic reawakening proves true, owning a bundle of upside calls that cost nothing could be quite lucrative. Should the market succumb to the current fears that are weakening prices, owning S&P 500 stocks at lower prices isn’t terrible, either.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2869,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361171429,"gmtCreate":1614216794861,"gmtModify":1634550668907,"author":{"id":"3568605387517047","authorId":"3568605387517047","name":"spoons","avatar":"https://static.tigerbbs.com/01a3bff4c3a5ff4ab47979305e69f735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568605387517047","authorIdStr":"3568605387517047"},"themes":[],"htmlText":"stock split?","listText":"stock split?","text":"stock split?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361171429","repostId":"1104736316","repostType":4,"repost":{"id":"1104736316","kind":"news","pubTimestamp":1614156425,"share":"https://www.laohu8.com/m/news/1104736316?lang=zh_CN&edition=full","pubTime":"2021-02-24 16:47","market":"us","language":"en","title":"Why Baidu Stock Crashed Today -- and Then Largely Recovered<blockquote>为什么百度股票今天暴跌，然后基本回升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104736316","media":"Motley Fool","summary":"Tech stock panic was partly countered by analysts' enthusiasm for this company.\nWhat happened\nAfter ","content":"<p>Tech stock panic was partly countered by analysts' enthusiasm for this company.</p><p><blockquote>分析师对这家公司的热情部分抵消了科技股的恐慌。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> After a couple of days in which four analysts upped their price targets on Chinese search giant <b>Baidu</b>(NASDAQ:BIDU), the stock dropped Tuesday, falling as much as 13% in the middle of atech stockrout on Wall Street.</p><p><blockquote>几天前，四位分析师上调了这家中国搜索巨头的目标价<b>百度</b>（纳斯达克：BIDU），该股周二下跌，在华尔街科技股暴跌期间跌幅高达13%。</blockquote></p><p> However, it clawed back most of those losses in the afternoon, closing the trading day down by 3.9%.</p><p><blockquote>然而，该股在下午收复了大部分失地，收盘下跌3.9%。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> You can blame the day's loss on Tuesday's sell-off of tech stocks. But things could have ended a lot worse for Baidu, and one of the reasons they didn't was because of all the support the company has been winning on Wall Street lately.</p><p><blockquote>你可以将当天的损失归咎于周二科技股的抛售。但对于百度来说，事情的结局可能会更糟糕，而他们没有这样做的原因之一是该公司最近在华尔街赢得了所有支持。</blockquote></p><p> On Monday, both Goldman Sachs and British bank Barclays raised their price targets on Baidu stock, to $383 per share and $400, respectively. Then Susquehanna Financial entered a \"Street high\" price prediction that Baidu will hit $450 a share within a year. And on Tuesday, the cheering continued with KeyBanc posting a $390 price target.</p><p><blockquote>周一，高盛和英国银行Barclays均将百度股票的目标价分别上调至每股383美元和400美元。随后Susquehanna Financial进入了“街头高点”价格预测，百度将在一年内达到每股450美元。周二，KeyBanc公布了390美元的目标价，欢呼声仍在继续。</blockquote></p><p> Susquehanna noted that it was impressed with Baidu's fourth-quarter earnings beat last week, and said it expects 2021 to be even better. \"The core business continues to improve,\" noted the firm's analyst, emphasizing that Baidu remains \"a leading player in China's search market\" and also the \"owner of one of the top video assets in the country.\" At the same time, its \"AI businesses are experiencing very strong momentum.\"</p><p><blockquote>Susquehanna指出，百度上周第四季度盈利超出预期给它留下了深刻印象，并表示预计2021年会更好。该公司分析师指出，“核心业务持续改善”，并强调百度仍然是“中国搜索市场的领先者”，也是“中国顶级视频资产之一的所有者”。与此同时，其“人工智能业务正在经历非常强劲的势头”。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The analysts had better be right about that, though, because while it's true Baidu \"beat earnings\" in Q4, its sales were still down for the second year running in 2020, and while forecasts about its future growth are strong, even results that meet them may not be enough to support the stock's extreme valuation. Total net income for the year was $3.4 billion, giving Baidu stock a price-to-earnings ratio of more than 32. Weak free cash flow for the year left Baidu's price-to-free-cash-flow ratio at an even steeper 37.9.</p><p><blockquote>不过，分析师在这一点上最好是正确的，因为虽然百度确实在第四季度“超出了盈利”，但其销售额在2020年仍连续第二年下降，尽管对其未来增长的预测很强劲，但即使业绩满足他们可能不足以支撑该股的极端估值。全年净利润总额为34亿美元，使百度股票的市盈率超过32。今年自由现金流疲软，导致百度的市盈率与自由现金流之比高达37.9。</blockquote></p><p> With most analysts predicting that Baidu will grow earnings at about 18% annually over the next five years, I'm afraid the stock just doesn't look like much of a bargain to me.</p><p><blockquote>由于大多数分析师预测百度未来五年的盈利将以每年18%左右的速度增长，恐怕这只股票对我来说看起来并不便宜。</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>Why Baidu Stock Crashed Today -- and Then Largely Recovered<blockquote>为什么百度股票今天暴跌，然后基本回升</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\">\nWhy Baidu Stock Crashed Today -- and Then Largely Recovered<blockquote>为什么百度股票今天暴跌，然后基本回升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-02-24 16:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tech stock panic was partly countered by analysts' enthusiasm for this company.</p><p><blockquote>分析师对这家公司的热情部分抵消了科技股的恐慌。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> After a couple of days in which four analysts upped their price targets on Chinese search giant <b>Baidu</b>(NASDAQ:BIDU), the stock dropped Tuesday, falling as much as 13% in the middle of atech stockrout on Wall Street.</p><p><blockquote>几天前，四位分析师上调了这家中国搜索巨头的目标价<b>百度</b>（纳斯达克：BIDU），该股周二下跌，在华尔街科技股暴跌期间跌幅高达13%。</blockquote></p><p> However, it clawed back most of those losses in the afternoon, closing the trading day down by 3.9%.</p><p><blockquote>然而，该股在下午收复了大部分失地，收盘下跌3.9%。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> You can blame the day's loss on Tuesday's sell-off of tech stocks. But things could have ended a lot worse for Baidu, and one of the reasons they didn't was because of all the support the company has been winning on Wall Street lately.</p><p><blockquote>你可以将当天的损失归咎于周二科技股的抛售。但对于百度来说，事情的结局可能会更糟糕，而他们没有这样做的原因之一是该公司最近在华尔街赢得了所有支持。</blockquote></p><p> On Monday, both Goldman Sachs and British bank Barclays raised their price targets on Baidu stock, to $383 per share and $400, respectively. Then Susquehanna Financial entered a \"Street high\" price prediction that Baidu will hit $450 a share within a year. And on Tuesday, the cheering continued with KeyBanc posting a $390 price target.</p><p><blockquote>周一，高盛和英国银行Barclays均将百度股票的目标价分别上调至每股383美元和400美元。随后Susquehanna Financial进入了“街头高点”价格预测，百度将在一年内达到每股450美元。周二，KeyBanc公布了390美元的目标价，欢呼声仍在继续。</blockquote></p><p> Susquehanna noted that it was impressed with Baidu's fourth-quarter earnings beat last week, and said it expects 2021 to be even better. \"The core business continues to improve,\" noted the firm's analyst, emphasizing that Baidu remains \"a leading player in China's search market\" and also the \"owner of one of the top video assets in the country.\" At the same time, its \"AI businesses are experiencing very strong momentum.\"</p><p><blockquote>Susquehanna指出，百度上周第四季度盈利超出预期给它留下了深刻印象，并表示预计2021年会更好。该公司分析师指出，“核心业务持续改善”，并强调百度仍然是“中国搜索市场的领先者”，也是“中国顶级视频资产之一的所有者”。与此同时，其“人工智能业务正在经历非常强劲的势头”。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The analysts had better be right about that, though, because while it's true Baidu \"beat earnings\" in Q4, its sales were still down for the second year running in 2020, and while forecasts about its future growth are strong, even results that meet them may not be enough to support the stock's extreme valuation. Total net income for the year was $3.4 billion, giving Baidu stock a price-to-earnings ratio of more than 32. Weak free cash flow for the year left Baidu's price-to-free-cash-flow ratio at an even steeper 37.9.</p><p><blockquote>不过，分析师在这一点上最好是正确的，因为虽然百度确实在第四季度“超出了盈利”，但其销售额在2020年仍连续第二年下降，尽管对其未来增长的预测很强劲，但即使业绩满足他们可能不足以支撑该股的极端估值。全年净利润总额为34亿美元，使百度股票的市盈率超过32。今年自由现金流疲软，导致百度的市盈率与自由现金流之比高达37.9。</blockquote></p><p> With most analysts predicting that Baidu will grow earnings at about 18% annually over the next five years, I'm afraid the stock just doesn't look like much of a bargain to me.</p><p><blockquote>由于大多数分析师预测百度未来五年的盈利将以每年18%左右的速度增长，恐怕这只股票对我来说看起来并不便宜。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/02/23/why-baidu-stock-crashed-today-and-then-largely-rec/\">Motley 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":{"BIDU":"百度"},"source_url":"https://www.fool.com/investing/2021/02/23/why-baidu-stock-crashed-today-and-then-largely-rec/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104736316","content_text":"Tech stock panic was partly countered by analysts' enthusiasm for this company.\nWhat happened\nAfter a couple of days in which four analysts upped their price targets on Chinese search giant Baidu(NASDAQ:BIDU), the stock dropped Tuesday, falling as much as 13% in the middle of atech stockrout on Wall Street.\nHowever, it clawed back most of those losses in the afternoon, closing the trading day down by 3.9%.\nSo what\nYou can blame the day's loss on Tuesday's sell-off of tech stocks. But things could have ended a lot worse for Baidu, and one of the reasons they didn't was because of all the support the company has been winning on Wall Street lately.\nOn Monday, both Goldman Sachs and British bank Barclays raised their price targets on Baidu stock, to $383 per share and $400, respectively. Then Susquehanna Financial entered a \"Street high\" price prediction that Baidu will hit $450 a share within a year. And on Tuesday, the cheering continued with KeyBanc posting a $390 price target.\nSusquehanna noted that it was impressed with Baidu's fourth-quarter earnings beat last week, and said it expects 2021 to be even better. \"The core business continues to improve,\" noted the firm's analyst, emphasizing that Baidu remains \"a leading player in China's search market\" and also the \"owner of one of the top video assets in the country.\" At the same time, its \"AI businesses are experiencing very strong momentum.\"\nNow what\nThe analysts had better be right about that, though, because while it's true Baidu \"beat earnings\" in Q4, its sales were still down for the second year running in 2020, and while forecasts about its future growth are strong, even results that meet them may not be enough to support the stock's extreme valuation. Total net income for the year was $3.4 billion, giving Baidu stock a price-to-earnings ratio of more than 32. Weak free cash flow for the year left Baidu's price-to-free-cash-flow ratio at an even steeper 37.9.\nWith most analysts predicting that Baidu will grow earnings at about 18% annually over the next five years, I'm afraid the stock just doesn't look like much of a bargain to me.","news_type":1,"symbols_score_info":{"BIDU":0.9}},"isVote":1,"tweetType":1,"viewCount":1078,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361147452,"gmtCreate":1614216473676,"gmtModify":1634550670899,"author":{"id":"3568605387517047","authorId":"3568605387517047","name":"spoons","avatar":"https://static.tigerbbs.com/01a3bff4c3a5ff4ab47979305e69f735","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568605387517047","authorIdStr":"3568605387517047"},"themes":[],"htmlText":"madness ","listText":"madness ","text":"madness","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361147452","repostId":"1108395722","repostType":4,"isVote":1,"tweetType":1,"viewCount":896,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
