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2021-05-27

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2021-03-24

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Robinhood Files Confidentially With SEC To Go Public: Report<blockquote>Robinhood向SEC秘密提交上市文件：报告</blockquote>

2021-06-01

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2021-02-19

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2021-07-01

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2021-05-08

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S&P 500, Dow hit record highs as weak jobs data eases rate worries<blockquote>疲软的就业数据缓解了利率担忧，标普500和道指创下历史新高</blockquote>

2021-02-26

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GameStop Round 2? How an options-buying frenzy is providing another jolt to meme stocks<blockquote>游戏驿站第二轮？期权购买狂潮如何给模因股票带来另一次冲击</blockquote>

2021-06-24

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Microsoft Tops $2 Trillion Market Cap: Where to From Here?<blockquote>微软市值突破2万亿美元：何去何从？</blockquote>

2021-05-28

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2021-03-15

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2021-02-26

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2021-02-02

$AMC Entertainment(AMC)$go go go

2021-06-20

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2021-06-28

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Hong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消上午交易</blockquote>

2021-05-03

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Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、ViacomCBS、General Motors等本周值得投资者关注的股票</blockquote>

2021-03-08

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PIMCO Rings The Alarm Over China's Sliding Credit Impulse<blockquote>太平洋投资管理公司对中国信贷冲动下滑敲响警钟</blockquote>

2021-02-23

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‘Buffett Indicator’ is alarmingly bearish and this year’s Berkshire shareholder letter could reveal why<blockquote>“巴菲特指标”令人震惊地看跌，今年的伯克希尔股东信可能会揭示原因</blockquote>

2021-05-30

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2021-05-15

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Why AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</blockquote>

2021-05-06

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my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/158930684","repostId":"2147581409","repostType":4,"isVote":1,"tweetType":1,"viewCount":3341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127635546,"gmtCreate":1624845743285,"gmtModify":1633948063017,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/127635546","repostId":"1174604007","repostType":4,"repost":{"id":"1174604007","kind":"news","pubTimestamp":1624843205,"share":"https://www.laohu8.com/m/news/1174604007?lang=zh_CN&edition=full","pubTime":"2021-06-28 09:20","market":"hk","language":"en","title":"Hong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消上午交易</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174604007","media":"Marketwatch","summary":"The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm","content":"<p>The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm alert.</p><p><blockquote>由于严重暴雨警报，香港交易所周一上午的交易时段已被取消。</blockquote></p><p> The suspension and potential cancellation also applies to Hong Kong-China stock connect trading, Hong Kong Exchanges and Clearing Ltd. said on Monday.</p><p><blockquote>香港交易及结算所有限公司周一表示，暂停和可能取消也适用于港股通交易。</blockquote></p><p> If the rainstorm alert is cancelled at or before noon, HKEX said it will resume trading for major products of its securities and derivatives markets in the afternoon.</p><p><blockquote>如果暴雨警告在中午或之前取消，港交所表示将于下午恢复旗下证券及衍生品市场主要产品的交易。</blockquote></p><p> If the alert remains at noon, all afternoon trading will be cancelled as well, it said.</p><p><blockquote>它说，如果警报持续到中午，所有下午的交易也将被取消。</blockquote></p><p></p>","source":"market_watch","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>Hong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消上午交易</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\">\nHong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消上午交易</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-06-28 09:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm alert.</p><p><blockquote>由于严重暴雨警报，香港交易所周一上午的交易时段已被取消。</blockquote></p><p> The suspension and potential cancellation also applies to Hong Kong-China stock connect trading, Hong Kong Exchanges and Clearing Ltd. said on Monday.</p><p><blockquote>香港交易及结算所有限公司周一表示，暂停和可能取消也适用于港股通交易。</blockquote></p><p> If the rainstorm alert is cancelled at or before noon, HKEX said it will resume trading for major products of its securities and derivatives markets in the afternoon.</p><p><blockquote>如果暴雨警告在中午或之前取消，港交所表示将于下午恢复旗下证券及衍生品市场主要产品的交易。</blockquote></p><p> If the alert remains at noon, all afternoon trading will be cancelled as well, it said.</p><p><blockquote>它说，如果警报持续到中午，所有下午的交易也将被取消。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/hong-kong-delays-morning-session-due-to-rainstorm-warning-271624842516\">Marketwatch</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":{"HSI":"恒生指数"},"source_url":"https://www.marketwatch.com/story/hong-kong-delays-morning-session-due-to-rainstorm-warning-271624842516","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1174604007","content_text":"The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm alert.\nThe suspension and potential cancellation also applies to Hong Kong-China stock connect trading, Hong Kong Exchanges and Clearing Ltd. said on Monday.\nIf the rainstorm alert is cancelled at or before noon, HKEX said it will resume trading for major products of its securities and derivatives markets in the afternoon.\nIf the alert remains at noon, all afternoon trading will be cancelled as well, it said.","news_type":1,"symbols_score_info":{"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":1747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128285818,"gmtCreate":1624518805134,"gmtModify":1634004945556,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/128285818","repostId":"1129922076","repostType":4,"repost":{"id":"1129922076","kind":"news","pubTimestamp":1624518429,"share":"https://www.laohu8.com/m/news/1129922076?lang=zh_CN&edition=full","pubTime":"2021-06-24 15:07","market":"us","language":"en","title":"Microsoft Tops $2 Trillion Market Cap: Where to From Here?<blockquote>微软市值突破2万亿美元：何去何从？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129922076","media":"The Street","summary":"Microsoft recently hit new all-time highs and eclipsed the $2 trillion valuation mark. Where can it ","content":"<p>  <b>Microsoft recently hit new all-time highs and eclipsed the $2 trillion valuation mark. Where can it go from here?</b>  Microsoft&nbsp;(<b>MSFT</b>) -Get Report&nbsp;topped a $2 trillion market cap&nbsp;on Tuesday, joining Apple&nbsp;(<b>AAPL</b>) -Get Report&nbsp;as the other U.S. company to hold such a value.</p><p><blockquote><b>微软最近创下历史新高，估值突破2万亿美元大关。它能从这里走向何方？</b>微软(<b>MSFT</b>)-Get Report周二市值突破2万亿美元，加入苹果(<b>AAPL</b>）-作为持有此类价值的其他美国公司获取报告。</blockquote></p><p> Even though it’s trading better lately, Apple has been consolidating for the better part ofthree calendar quarters now, while Microsoft has slowly but surely continued to grind to new highs.</p><p><blockquote>尽管最近的交易情况有所好转，但苹果在三个日历季度的大部分时间里一直在盘整，而微软则缓慢但肯定地继续创下新高。</blockquote></p><p> That’s been a divide in FAANG over the last six months or so.</p><p><blockquote>在过去六个月左右的时间里，这是FAANG的一个分歧。</blockquote></p><p> Some FAANG components have been trading well, hitting new all-time highs in the process. On the flip side, others, like Apple and Amazon&nbsp;(<b>AMZN</b>) -Get Report&nbsp;havebeen biding their time.</p><p><blockquote>一些FAANG成分股交易良好，在此过程中创下历史新高。另一方面，其他公司，如苹果和亚马逊（<b>AMZN</b>）-获取报告一直在等待时机。</blockquote></p><p> While Microsoft may not be included in FAANG, it might as well be given its size. The question now: Where does it go from here?</p><p><blockquote>虽然微软可能不包括在FAANG中，但考虑到它的规模，它也可以。现在的问题是：它将何去何从？</blockquote></p><p> After hitting its $2 trillion market cap, Microsoft received aprice target boost to $325from Wedbush analysts.</p><p><blockquote>在市值达到2万亿美元后，Wedbush分析师将微软的目标股价上调至325美元。</blockquote></p><p> The company has its Windows event coming up on Thursday and earnings in about a month. Those may be potential catalysts. With that, let’s look at the charts.</p><p><blockquote>该公司将于周四举行Windows活动，大约一个月后公布财报。这些可能是潜在的催化剂。接下来，让我们看看图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/89280ddeb0913bb4d7ebf1f51bfd437a\" tg-width=\"700\" tg-height=\"429\"></p><p><blockquote></blockquote></p><p> <i>Daily chart of Microsoft stock.&nbsp;</i><i>Chart courtesy of TrendSpider.com</i></p><p><blockquote><i>微软股票日线图。</i><i>图表由TrendSpider.com提供</i></blockquote></p><p> I love the way Microsoft has been trading. All year long, we’ve seen these big rallies gently top out, then give us a sharp yet mild correction into support.</p><p><blockquote>我喜欢微软的交易方式。一整年来，我们看到这些大幅反弹逐渐见顶，然后给我们带来急剧而温和的修正，进入支撑位。</blockquote></p><p> Those support levels have varied throughout 2021, but have generally been a combination of the 50-day and 21-week moving averages.</p><p><blockquote>这些支撑位在2021年全年各不相同，但通常是50天和21周移动平均线的组合。</blockquote></p><p> Most recently in May and June, the 21-week moving average was strong support, generating significant rebounds on three different occasions. The last bounce was enough to propel Microsoft to new all-time highs.</p><p><blockquote>最近在5月和6月，21周移动平均线是强有力的支撑，在三个不同的场合产生了显着的反弹。最后一次反弹足以将微软推向历史新高。</blockquote></p><p> That’s after the stock cleared $263.19. From here, I would love to see Microsoft find support between $260 and $263.20, as well as from the 10-day moving average. If it does find these areas as support, dips to these measures could be short-term buying opportunities.</p><p><blockquote>那是在该股突破263.19美元之后。从这里开始，我希望看到微软在260美元至263.20美元以及10日移动平均线之间找到支撑。如果它确实找到这些区域作为支撑，那么这些指标的下跌可能是短期买入机会。</blockquote></p><p> A break of these measures could put the 21-day moving average in play, followed by the 50-day.</p><p><blockquote>这些指标的突破可能会使21日移动平均线发挥作用，随后是50日移动平均线。</blockquote></p><p> Perhaps the company’s Windows event won’t be enough of a catalyst (given the leaks), but we could get a pre-earnings rally up to more news highs. For longer-term targets, I have my eye on the $278 to $285 range, which is where several key extensions come into play.</p><p><blockquote>也许该公司的Windows活动不足以成为催化剂（考虑到泄密事件），但我们可以在财报前反弹至更多新闻高点。对于长期目标，我着眼于278美元至285美元的范围，这是几个关键扩展发挥作用的地方。</blockquote></p><p></p>","source":"lsy1610613172068","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>Microsoft Tops $2 Trillion Market Cap: Where to From Here?<blockquote>微软市值突破2万亿美元：何去何从？</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\">\nMicrosoft Tops $2 Trillion Market Cap: Where to From Here?<blockquote>微软市值突破2万亿美元：何去何从？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-06-24 15:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Microsoft recently hit new all-time highs and eclipsed the $2 trillion valuation mark. Where can it go from here?</b>  Microsoft&nbsp;(<b>MSFT</b>) -Get Report&nbsp;topped a $2 trillion market cap&nbsp;on Tuesday, joining Apple&nbsp;(<b>AAPL</b>) -Get Report&nbsp;as the other U.S. company to hold such a value.</p><p><blockquote><b>微软最近创下历史新高，估值突破2万亿美元大关。它能从这里走向何方？</b>微软(<b>MSFT</b>)-Get Report周二市值突破2万亿美元，加入苹果(<b>AAPL</b>）-作为持有此类价值的其他美国公司获取报告。</blockquote></p><p> Even though it’s trading better lately, Apple has been consolidating for the better part ofthree calendar quarters now, while Microsoft has slowly but surely continued to grind to new highs.</p><p><blockquote>尽管最近的交易情况有所好转，但苹果在三个日历季度的大部分时间里一直在盘整，而微软则缓慢但肯定地继续创下新高。</blockquote></p><p> That’s been a divide in FAANG over the last six months or so.</p><p><blockquote>在过去六个月左右的时间里，这是FAANG的一个分歧。</blockquote></p><p> Some FAANG components have been trading well, hitting new all-time highs in the process. On the flip side, others, like Apple and Amazon&nbsp;(<b>AMZN</b>) -Get Report&nbsp;havebeen biding their time.</p><p><blockquote>一些FAANG成分股交易良好，在此过程中创下历史新高。另一方面，其他公司，如苹果和亚马逊（<b>AMZN</b>）-获取报告一直在等待时机。</blockquote></p><p> While Microsoft may not be included in FAANG, it might as well be given its size. The question now: Where does it go from here?</p><p><blockquote>虽然微软可能不包括在FAANG中，但考虑到它的规模，它也可以。现在的问题是：它将何去何从？</blockquote></p><p> After hitting its $2 trillion market cap, Microsoft received aprice target boost to $325from Wedbush analysts.</p><p><blockquote>在市值达到2万亿美元后，Wedbush分析师将微软的目标股价上调至325美元。</blockquote></p><p> The company has its Windows event coming up on Thursday and earnings in about a month. Those may be potential catalysts. With that, let’s look at the charts.</p><p><blockquote>该公司将于周四举行Windows活动，大约一个月后公布财报。这些可能是潜在的催化剂。接下来，让我们看看图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/89280ddeb0913bb4d7ebf1f51bfd437a\" tg-width=\"700\" tg-height=\"429\"></p><p><blockquote></blockquote></p><p> <i>Daily chart of Microsoft stock.&nbsp;</i><i>Chart courtesy of TrendSpider.com</i></p><p><blockquote><i>微软股票日线图。</i><i>图表由TrendSpider.com提供</i></blockquote></p><p> I love the way Microsoft has been trading. All year long, we’ve seen these big rallies gently top out, then give us a sharp yet mild correction into support.</p><p><blockquote>我喜欢微软的交易方式。一整年来，我们看到这些大幅反弹逐渐见顶，然后给我们带来急剧而温和的修正，进入支撑位。</blockquote></p><p> Those support levels have varied throughout 2021, but have generally been a combination of the 50-day and 21-week moving averages.</p><p><blockquote>这些支撑位在2021年全年各不相同，但通常是50天和21周移动平均线的组合。</blockquote></p><p> Most recently in May and June, the 21-week moving average was strong support, generating significant rebounds on three different occasions. The last bounce was enough to propel Microsoft to new all-time highs.</p><p><blockquote>最近在5月和6月，21周移动平均线是强有力的支撑，在三个不同的场合产生了显着的反弹。最后一次反弹足以将微软推向历史新高。</blockquote></p><p> That’s after the stock cleared $263.19. From here, I would love to see Microsoft find support between $260 and $263.20, as well as from the 10-day moving average. If it does find these areas as support, dips to these measures could be short-term buying opportunities.</p><p><blockquote>那是在该股突破263.19美元之后。从这里开始，我希望看到微软在260美元至263.20美元以及10日移动平均线之间找到支撑。如果它确实找到这些区域作为支撑，那么这些指标的下跌可能是短期买入机会。</blockquote></p><p> A break of these measures could put the 21-day moving average in play, followed by the 50-day.</p><p><blockquote>这些指标的突破可能会使21日移动平均线发挥作用，随后是50日移动平均线。</blockquote></p><p> Perhaps the company’s Windows event won’t be enough of a catalyst (given the leaks), but we could get a pre-earnings rally up to more news highs. For longer-term targets, I have my eye on the $278 to $285 range, which is where several key extensions come into play.</p><p><blockquote>也许该公司的Windows活动不足以成为催化剂（考虑到泄密事件），但我们可以在财报前反弹至更多新闻高点。对于长期目标，我着眼于278美元至285美元的范围，这是几个关键扩展发挥作用的地方。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/microsoft-msft-stock-trading-2-million-market-cap\">The Street</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":{"MSFT":"微软"},"source_url":"https://www.thestreet.com/investing/microsoft-msft-stock-trading-2-million-market-cap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129922076","content_text":"Microsoft recently hit new all-time highs and eclipsed the $2 trillion valuation mark. Where can it go from here?\n\nMicrosoft (MSFT) -Get Report topped a $2 trillion market cap on Tuesday, joining Apple (AAPL) -Get Report as the other U.S. company to hold such a value.\nEven though it’s trading better lately, Apple has been consolidating for the better part ofthree calendar quarters now, while Microsoft has slowly but surely continued to grind to new highs.\nThat’s been a divide in FAANG over the last six months or so.\nSome FAANG components have been trading well, hitting new all-time highs in the process. On the flip side, others, like Apple and Amazon (AMZN) -Get Report havebeen biding their time.\nWhile Microsoft may not be included in FAANG, it might as well be given its size. The question now: Where does it go from here?\nAfter hitting its $2 trillion market cap, Microsoft received aprice target boost to $325from Wedbush analysts.\nThe company has its Windows event coming up on Thursday and earnings in about a month. Those may be potential catalysts. With that, let’s look at the charts.\n\nDaily chart of Microsoft stock. Chart courtesy of TrendSpider.com\nI love the way Microsoft has been trading. All year long, we’ve seen these big rallies gently top out, then give us a sharp yet mild correction into support.\nThose support levels have varied throughout 2021, but have generally been a combination of the 50-day and 21-week moving averages.\nMost recently in May and June, the 21-week moving average was strong support, generating significant rebounds on three different occasions. The last bounce was enough to propel Microsoft to new all-time highs.\nThat’s after the stock cleared $263.19. From here, I would love to see Microsoft find support between $260 and $263.20, as well as from the 10-day moving average. If it does find these areas as support, dips to these measures could be short-term buying opportunities.\nA break of these measures could put the 21-day moving average in play, followed by the 50-day.\nPerhaps the company’s Windows event won’t be enough of a catalyst (given the leaks), but we could get a pre-earnings rally up to more news highs. For longer-term targets, I have my eye on the $278 to $285 range, which is where several key extensions come into play.","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":2639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128282386,"gmtCreate":1624518739745,"gmtModify":1634004946004,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Gogogog","listText":"Gogogog","text":"Gogogog","images":[{"img":"https://static.tigerbbs.com/5a11531d23c5a481c1d8e21140529738","width":"1125","height":"2628"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128282386","isVote":1,"tweetType":1,"viewCount":1419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":165784002,"gmtCreate":1624157937206,"gmtModify":1634010094583,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/165784002","repostId":"1126454279","repostType":4,"isVote":1,"tweetType":1,"viewCount":1695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165782596,"gmtCreate":1624157898215,"gmtModify":1634010095775,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[{"img":"https://static.tigerbbs.com/7a9b11794007111ae6b5d607fbe5587c","width":"1125","height":"2470"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/165782596","isVote":1,"tweetType":1,"viewCount":1603,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":165030214,"gmtCreate":1624079643838,"gmtModify":1634010929877,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[{"img":"https://static.tigerbbs.com/3e00a910e2036d8c54e2c86c9d0a371d","width":"1125","height":"2707"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/165030214","isVote":1,"tweetType":1,"viewCount":1878,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":165097341,"gmtCreate":1624079583883,"gmtModify":1634010931140,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/165097341","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":1908,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166179158,"gmtCreate":1623999064474,"gmtModify":1634024335447,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/166179158","repostId":"1175693382","repostType":4,"repost":{"id":"1175693382","kind":"news","pubTimestamp":1623978463,"share":"https://www.laohu8.com/m/news/1175693382?lang=zh_CN&edition=full","pubTime":"2021-06-18 09:07","market":"us","language":"en","title":"Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175693382","media":"seekingalpha","summary":"Alibaba is probably the most undervalued growth stock right now.The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.The short term technical picture may be turning bullish with a potential double bottom price action signal.When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Alibaba is probably the most undervalued growth stock right now.</li>  <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>  <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>  <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW可能是目前最被低估的成长型股票。</li><li>该公司在快速扩张的市场中的多种增长动力使其估值看起来更加令人困惑。</li><li>短期技术面可能会转向看涨，并出现潜在的双底价格走势信号。</li><li>我们讨论公司的多种增长动力，让投资者自行判断。</li></ul><p class=\"t-img-caption\"><span>戴永源/iStock未通过Getty Images发布</span></p></blockquote></p><p> <b>The Technical Thesis</b></p><p><blockquote><b>技术论文</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：TradingView</span></p></blockquote></p><p> Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p><p><blockquote>自11月20日早些时候蚂蚁金服IPO被取消以来，阿里巴巴-SW的股价已经经历了可怕的8个月，股价低迷，较高点下跌了34%。当考虑其长期上升趋势的健康状况时，很明显BABA具有相对较强的上升趋势偏差，并且通常在其关键的50W MA上得到良好支撑。过去4年中唯一一次失去关键的50W MA支撑位是在2018年熊市期间，BABA下跌了约40%，但仍在重要的200W MA上方得到良好支撑，我们通常认为这是“最后一道防线”。现在阿里巴巴再次面临类似的情况：下跌34%，失去了50W MA，但看起来在200W MA上方得到了很好的支撑。除此之外，价格行为分析中的一个有趣观察可能会导致价格行为交易者/投资者特别看涨：潜在的双底形成。阿里巴巴的价格似乎正在经历双底，就像2018年熊市期间一样，随后强劲反弹。因此，阿里巴巴目前的水平现在可能提供一个可能的技术买入切入点。</blockquote></p><p> <b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p><p><blockquote><b>阿里巴巴的基本论点：快速扩大增长动力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度GMV。数据来源：公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年电子商务收入。数据来源：公司备案</span></p></blockquote></p><p> BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p><p><blockquote>阿里巴巴的GMV在短短7年内从1.68 T元增长到7.49 T元，复合年增长率为23.8%，增速确实惊人。我们还看到其GMV增长转化为收入增长，其中国商业收入从76.7亿元增长至4736.8亿元，过去10年复合年增长率为51%。虽然其国际足迹仍然相当小，但在过去10年中，其复合年增长率仍为30.42%，这一点也不慢。</blockquote></p><p> Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p><p><blockquote>尽管预计未来三年中国电子商务市场的增长速度将大幅放缓，复合年增长率为12.4%，从2021年的13.8 T元（相当于2.16 T美元）增长到2024年的19.6 T元（相当于3.06 T美元），但庞大的市场规模仍然为阿里巴巴及其最接近的竞争对手提供了巨大的增长潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国电子商务收入数据来源：Statista</span></p></blockquote></p><p> When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p><p><blockquote>当我们通过比较中国与美国电子商务市场的增长率和规模来更清晰地看待事物时，我们可以看到它们的规模和增长率的巨大差异，因为美国电子商务市场预计仅增长2021年至2025年的复合年增长率为4.67%，明显低于中国的12.4%。此外，美国市场的总收入预计也将达到约5630亿美元，是届时中国市场预计价值的18%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行息税前利润率和预计息税前利润率。数据来源：标普资本智商</span></p></blockquote></p><p> Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p><p><blockquote>尽管阿里巴巴-SW一直面临着来自快速增长的主要竞争对手京东（纳斯达克：JD）和拼多多（纳斯达克：PDD）的越来越大的竞争压力，但阿里巴巴已经在经营利润更高的业务（息税前利润和自由现金流），并且预计未来将继续实现强劲的盈利能力，这将使该公司具有巨大的灵活性，可以与京东和拼多多正面竞争，以扩大其领导地位。投资者可能会注意到，阿里巴巴的息税前利润率受到其SG&amp;A中反映的27.82亿美元一次性行政罚款的影响，因此其息税前利润率出现下行。</blockquote></p><p></p><p> One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p><p><blockquote>一项重要举措是该公司决定进一步投资社区市场，这是拼多多的主要电子商务战略，拼多多在最近一个季度总共获得了8.23亿AAC，而阿里巴巴的AAC为8.91亿。与阿里巴巴同期的4.66亿AAC相比，拼多多的AAC在2017年第二季度仅有1亿AAC，其AAC增长确实是惊人的。</blockquote></p><p> Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p><p><blockquote>因此，增长势头肯定已经转向社区市场领域，阿里巴巴需要拿出重磅炸弹（它已经拥有）来与拼多多和京东争夺主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国社区团购的市场规模。数据来源：艾媒咨询</span></p></blockquote></p><p> Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p><p><blockquote>尽管预计到2022年1020亿元的总市场规模仅占阿里巴巴21财年中国商业收入的21.5%左右，但阿里巴巴不能错过2019年至2022年3年内44.22%的预期快速复合年增长率。虽然市场还比较小，但BABA不能让这个市场目前的龙头：PDD在旁人无知的情况下，如此轻易地称霸并吞噬早期的高增长率。当然，阿里巴巴必须竞争并争取自己在这一领域的地位，并争取早期领导地位，以防止拼多多扩大领先优势。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>PDD盈利指标和收入增长预测。数据来源：标普资本智商</span></p></blockquote></p><p> We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p><p><blockquote>我们可以从上图中观察到，拼多多的收入预计将在未来几年继续快速增长，尽管预计随后将正常化。更重要的是，拼多多预计未来的息税前利润和自由现金流盈利能力也将日益提高。这表明社区市场细分市场是一个非常重要的增长动力，阿里巴巴必须利用其优势来利用它，以否认拼多多在游戏早期声称的无可争议的领导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云支出。来源：中国互联网观察；Canalys</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云市场规模。数据来源：中国信通技术；新浪网</span></p></blockquote></p><p> BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p><p><blockquote>阿里巴巴在中国公有云市场拥有40%的份额，远远领先于其主要竞争对手。然而，值得注意的是，尽管处于领先地位，阿里巴巴仍处于大力投资模式，以继续扩大其市场份额，因为中国公共云市场预计将从2017年的264.8亿元增长到2023年的2307.4亿元，这将代表CAGR 43.4%，这是一个令人难以置信的出色增长率。当我们将中国的增长率与全球增长率（见下文）进行比较时，这一点尤其明显，因为全球公共云支出预计将从2017年的1450亿美元增长到2022年的3970亿美元，这将代表22.3%的CAGR。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云支出。数据来源：Gartner</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云市场份额。来源：CnTechPost；Gartner</span></p></blockquote></p><p> Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p><p><blockquote>因此，阿里云在2020年以9.5%的市场份额继续扩大对Alphabet（纳斯达克：GOOGL）（纳斯达克：GOOG）GCP的领先优势，我并不觉得奇怪。虽然亚马逊仍然是市场上明显的领导者，但随着公共云支出的持续扩大，其市场份额一直在大幅下降，这表明多个参与者存在巨大的增长潜力。凭借阿里巴巴在快速扩张的中国市场的领导地位，我越来越看好该细分市场未来的利润和自由现金流对阿里巴巴业绩的贡献。尽管阿里巴巴的云部门尚未实现息税前利润（21财年息税前利润率：-15%，20财年息税前利润率：-17.5%），但值得注意的是，Alphabet的GCP也尚未实现盈利（20财年息税前利润率：-42.9%，19财年息税前利润率：-52%）。因此，我们需要给阿里巴巴一些时间来扩大其在亚太地区和中国的云服务规模，预计阿里巴巴将拥有更强大的领导力，使其能够更快地增长，投资者应该预计随着时间的推移，这将是一个高利润的细分市场。</blockquote></p><p> <b>BABA's Valuations Look Highly Compelling</b></p><p><blockquote><b>阿里巴巴的估值看起来非常引人注目</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NTM TEV/EBIT 3Y范围。</span></p></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>EV/Fwd息税前利润和EV/Fwd Rev趋势。数据来源：标普资本智商</span></p></blockquote></p><p> When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p><p><blockquote>当我们考虑阿里巴巴的TEV/EBIT历史范围（3年平均值为33.54倍）时，阿里巴巴的EV/Fwd EBIT趋势无疑意味着该股票被严重低估，因为预计阿里巴巴的收入和营业利润仍将快速增长。然而，由于我们希望更清楚地了解其同行的估值情况，我们认为如果我们对阿里巴巴的息税前利润进行估值，而不是下面介绍的一组基准公司，这将是有用的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行EV/EBIT估值。数据来源：标普资本智商</span></p></blockquote></p><p> By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p><p><blockquote>通过混合使用历史和远期息税前利润，我们可以看到，与基准公司一组观察值的中值相比，阿里巴巴的EV/EBIT看起来确实被低估了。我们得出阿里巴巴的公允价值范围为294.98美元，位于该范围的中点，基于当前210美元的股价，这意味着40.5%的潜在上涨空间。</blockquote></p><p> <b>Risks to Assumptions</b></p><p><blockquote><b>假设风险</b></blockquote></p><p> Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p><p><blockquote>现在，看着先生如何表现显然令人困惑。市场决定对阿里巴巴进行折扣，就好像该公司已经失去了所有关键的增长来源，而事实上，其商业部门、新的市场举措和不断增长的阿里云部门仍有很大的潜在上涨空间，其中。我们认为该股表现不佳的主要现实原因只是监管风险。我们认为投资者应该承认这种风险是非常真实的，有时大型中国公司会发现自己受到中国政府的额外审查（事实上这并不是什么新鲜事）。这里关键的是，中国政府似乎对其科技巨头的行为和行动拥有重大影响力，而这些影响力有时可能在很大程度上是不可预测的。市场当然讨厌不可预测性，因此他们可能会因此大幅折扣阿里巴巴。如果投资者无法应对潜在不可预测的监管行动及其后果的不确定性，那么阿里巴巴可能不适合您。然而，如果你认为这只是阿里巴巴漫长旅程中的一个短暂时刻，那么你肯定会发现阿里巴巴现在的估值极具吸引力，再加上长期思维。</blockquote></p><p> <b>Wrapping It All Up</b></p><p><blockquote><b>把这一切包起来</b></blockquote></p><p> Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p><p><blockquote>阿里巴巴-SW继续取得稳健的业绩，展示了公司强大的执行能力。由于该公司继续在一个拥有如此多增长动力的市场中运营，预计将推动公司未来的增长，投资者应该会发现当前的估值非常有吸引力。</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>Alibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</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\">\nAlibaba Stock: The Bottoming Process Looks To Be Forming Already<blockquote>阿里巴巴-SW股票：触底过程似乎已经形成</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-18 09:07</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>Alibaba is probably the most undervalued growth stock right now.</li>  <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>  <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>  <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>阿里巴巴-SW可能是目前最被低估的成长型股票。</li><li>该公司在快速扩张的市场中的多种增长动力使其估值看起来更加令人困惑。</li><li>短期技术面可能会转向看涨，并出现潜在的双底价格走势信号。</li><li>我们讨论公司的多种增长动力，让投资者自行判断。</li></ul><p class=\"t-img-caption\"><span>戴永源/iStock未通过Getty Images发布</span></p></blockquote></p><p> <b>The Technical Thesis</b></p><p><blockquote><b>技术论文</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：TradingView</span></p></blockquote></p><p> Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p><p><blockquote>自11月20日早些时候蚂蚁金服IPO被取消以来，阿里巴巴-SW的股价已经经历了可怕的8个月，股价低迷，较高点下跌了34%。当考虑其长期上升趋势的健康状况时，很明显BABA具有相对较强的上升趋势偏差，并且通常在其关键的50W MA上得到良好支撑。过去4年中唯一一次失去关键的50W MA支撑位是在2018年熊市期间，BABA下跌了约40%，但仍在重要的200W MA上方得到良好支撑，我们通常认为这是“最后一道防线”。现在阿里巴巴再次面临类似的情况：下跌34%，失去了50W MA，但看起来在200W MA上方得到了很好的支撑。除此之外，价格行为分析中的一个有趣观察可能会导致价格行为交易者/投资者特别看涨：潜在的双底形成。阿里巴巴的价格似乎正在经历双底，就像2018年熊市期间一样，随后强劲反弹。因此，阿里巴巴目前的水平现在可能提供一个可能的技术买入切入点。</blockquote></p><p> <b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p><p><blockquote><b>阿里巴巴的基本论点：快速扩大增长动力</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年度GMV。数据来源：公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>年电子商务收入。数据来源：公司备案</span></p></blockquote></p><p> BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p><p><blockquote>阿里巴巴的GMV在短短7年内从1.68 T元增长到7.49 T元，复合年增长率为23.8%，增速确实惊人。我们还看到其GMV增长转化为收入增长，其中国商业收入从76.7亿元增长至4736.8亿元，过去10年复合年增长率为51%。虽然其国际足迹仍然相当小，但在过去10年中，其复合年增长率仍为30.42%，这一点也不慢。</blockquote></p><p> Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p><p><blockquote>尽管预计未来三年中国电子商务市场的增长速度将大幅放缓，复合年增长率为12.4%，从2021年的13.8 T元（相当于2.16 T美元）增长到2024年的19.6 T元（相当于3.06 T美元），但庞大的市场规模仍然为阿里巴巴及其最接近的竞争对手提供了巨大的增长潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国电子商务收入数据来源：Statista</span></p></blockquote></p><p> When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p><p><blockquote>当我们通过比较中国与美国电子商务市场的增长率和规模来更清晰地看待事物时，我们可以看到它们的规模和增长率的巨大差异，因为美国电子商务市场预计仅增长2021年至2025年的复合年增长率为4.67%，明显低于中国的12.4%。此外，美国市场的总收入预计也将达到约5630亿美元，是届时中国市场预计价值的18%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行息税前利润率和预计息税前利润率。数据来源：标普资本智商</span></p></blockquote></p><p> Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p><p><blockquote>尽管阿里巴巴-SW一直面临着来自快速增长的主要竞争对手京东（纳斯达克：JD）和拼多多（纳斯达克：PDD）的越来越大的竞争压力，但阿里巴巴已经在经营利润更高的业务（息税前利润和自由现金流），并且预计未来将继续实现强劲的盈利能力，这将使该公司具有巨大的灵活性，可以与京东和拼多多正面竞争，以扩大其领导地位。投资者可能会注意到，阿里巴巴的息税前利润率受到其SG&amp;A中反映的27.82亿美元一次性行政罚款的影响，因此其息税前利润率出现下行。</blockquote></p><p></p><p> One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p><p><blockquote>一项重要举措是该公司决定进一步投资社区市场，这是拼多多的主要电子商务战略，拼多多在最近一个季度总共获得了8.23亿AAC，而阿里巴巴的AAC为8.91亿。与阿里巴巴同期的4.66亿AAC相比，拼多多的AAC在2017年第二季度仅有1亿AAC，其AAC增长确实是惊人的。</blockquote></p><p> Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p><p><blockquote>因此，增长势头肯定已经转向社区市场领域，阿里巴巴需要拿出重磅炸弹（它已经拥有）来与拼多多和京东争夺主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国社区团购的市场规模。数据来源：艾媒咨询</span></p></blockquote></p><p> Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p><p><blockquote>尽管预计到2022年1020亿元的总市场规模仅占阿里巴巴21财年中国商业收入的21.5%左右，但阿里巴巴不能错过2019年至2022年3年内44.22%的预期快速复合年增长率。虽然市场还比较小，但BABA不能让这个市场目前的龙头：PDD在旁人无知的情况下，如此轻易地称霸并吞噬早期的高增长率。当然，阿里巴巴必须竞争并争取自己在这一领域的地位，并争取早期领导地位，以防止拼多多扩大领先优势。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>PDD盈利指标和收入增长预测。数据来源：标普资本智商</span></p></blockquote></p><p> We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p><p><blockquote>我们可以从上图中观察到，拼多多的收入预计将在未来几年继续快速增长，尽管预计随后将正常化。更重要的是，拼多多预计未来的息税前利润和自由现金流盈利能力也将日益提高。这表明社区市场细分市场是一个非常重要的增长动力，阿里巴巴必须利用其优势来利用它，以否认拼多多在游戏早期声称的无可争议的领导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云支出。来源：中国互联网观察；Canalys</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p><p><blockquote><p class=\"t-img-caption\"><span>中国公有云市场规模。数据来源：中国信通技术；新浪网</span></p></blockquote></p><p> BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p><p><blockquote>阿里巴巴在中国公有云市场拥有40%的份额，远远领先于其主要竞争对手。然而，值得注意的是，尽管处于领先地位，阿里巴巴仍处于大力投资模式，以继续扩大其市场份额，因为中国公共云市场预计将从2017年的264.8亿元增长到2023年的2307.4亿元，这将代表CAGR 43.4%，这是一个令人难以置信的出色增长率。当我们将中国的增长率与全球增长率（见下文）进行比较时，这一点尤其明显，因为全球公共云支出预计将从2017年的1450亿美元增长到2022年的3970亿美元，这将代表22.3%的CAGR。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云支出。数据来源：Gartner</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球公共云市场份额。来源：CnTechPost；Gartner</span></p></blockquote></p><p> Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p><p><blockquote>因此，阿里云在2020年以9.5%的市场份额继续扩大对Alphabet（纳斯达克：GOOGL）（纳斯达克：GOOG）GCP的领先优势，我并不觉得奇怪。虽然亚马逊仍然是市场上明显的领导者，但随着公共云支出的持续扩大，其市场份额一直在大幅下降，这表明多个参与者存在巨大的增长潜力。凭借阿里巴巴在快速扩张的中国市场的领导地位，我越来越看好该细分市场未来的利润和自由现金流对阿里巴巴业绩的贡献。尽管阿里巴巴的云部门尚未实现息税前利润（21财年息税前利润率：-15%，20财年息税前利润率：-17.5%），但值得注意的是，Alphabet的GCP也尚未实现盈利（20财年息税前利润率：-42.9%，19财年息税前利润率：-52%）。因此，我们需要给阿里巴巴一些时间来扩大其在亚太地区和中国的云服务规模，预计阿里巴巴将拥有更强大的领导力，使其能够更快地增长，投资者应该预计随着时间的推移，这将是一个高利润的细分市场。</blockquote></p><p> <b>BABA's Valuations Look Highly Compelling</b></p><p><blockquote><b>阿里巴巴的估值看起来非常引人注目</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NTM TEV/EBIT 3Y范围。</span></p></blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>EV/Fwd息税前利润和EV/Fwd Rev趋势。数据来源：标普资本智商</span></p></blockquote></p><p> When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p><p><blockquote>当我们考虑阿里巴巴的TEV/EBIT历史范围（3年平均值为33.54倍）时，阿里巴巴的EV/Fwd EBIT趋势无疑意味着该股票被严重低估，因为预计阿里巴巴的收入和营业利润仍将快速增长。然而，由于我们希望更清楚地了解其同行的估值情况，我们认为如果我们对阿里巴巴的息税前利润进行估值，而不是下面介绍的一组基准公司，这将是有用的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>同行EV/EBIT估值。数据来源：标普资本智商</span></p></blockquote></p><p> By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p><p><blockquote>通过混合使用历史和远期息税前利润，我们可以看到，与基准公司一组观察值的中值相比，阿里巴巴的EV/EBIT看起来确实被低估了。我们得出阿里巴巴的公允价值范围为294.98美元，位于该范围的中点，基于当前210美元的股价，这意味着40.5%的潜在上涨空间。</blockquote></p><p> <b>Risks to Assumptions</b></p><p><blockquote><b>假设风险</b></blockquote></p><p> Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p><p><blockquote>现在，看着先生如何表现显然令人困惑。市场决定对阿里巴巴进行折扣，就好像该公司已经失去了所有关键的增长来源，而事实上，其商业部门、新的市场举措和不断增长的阿里云部门仍有很大的潜在上涨空间，其中。我们认为该股表现不佳的主要现实原因只是监管风险。我们认为投资者应该承认这种风险是非常真实的，有时大型中国公司会发现自己受到中国政府的额外审查（事实上这并不是什么新鲜事）。这里关键的是，中国政府似乎对其科技巨头的行为和行动拥有重大影响力，而这些影响力有时可能在很大程度上是不可预测的。市场当然讨厌不可预测性，因此他们可能会因此大幅折扣阿里巴巴。如果投资者无法应对潜在不可预测的监管行动及其后果的不确定性，那么阿里巴巴可能不适合您。然而，如果你认为这只是阿里巴巴漫长旅程中的一个短暂时刻，那么你肯定会发现阿里巴巴现在的估值极具吸引力，再加上长期思维。</blockquote></p><p> <b>Wrapping It All Up</b></p><p><blockquote><b>把这一切包起来</b></blockquote></p><p> Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p><p><blockquote>阿里巴巴-SW继续取得稳健的业绩，展示了公司强大的执行能力。由于该公司继续在一个拥有如此多增长动力的市场中运营，预计将推动公司未来的增长，投资者应该会发现当前的估值非常有吸引力。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now\">seekingalpha</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":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175693382","content_text":"Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short term technical picture may be turning bullish with a potential double bottom price action signal.\nWe discuss the company’s multiple growth drivers and let investors judge for themselves.\n\nYongyuan Dai/iStock Unreleased via Getty Images\nThe Technical Thesis\nSource: TradingView\nAlibaba’s stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.\nBABA's Fundamental Thesis: Rapidly Expanding Growth Drivers\nAnnual GMV. Data source: Company filings\nAnnual e-commerce revenue. Data source: Company filings\nBABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.\nEven though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.\nE-commerce revenue in the U.S. Data source: Statista\nWhen we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.\nPeers EBIT Margin and Projected EBIT Margin. Data source: S&P Capital IQ\nEven though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&A, and therefore skewed its EBIT margin to the downside.\nOne important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of 823M AAC in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only 100M AAC in Q2’C17 as compared to BABA’s 466M AAC in the same period.\nTherefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.\nMarket size of community group buying in China. Data source: iiMedia Research\nEven though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.\nPDD profitability metrics & revenue growth forecast. Data source: S&P Capital IQ\nWe could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.\nChina public cloud spending. Source:China Internet Watch; Canalys\nSize of China public cloud market. Data source: CAICT; Sina.com.cn\nBABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.\nWorldwide public cloud spending. Data source: Gartner\nWorldwide public cloud market share. Source:CnTechPost; Gartner\nTherefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.\nBABA's Valuations Look Highly Compelling\nNTM TEV / EBIT 3Y range.\nEV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&P Capital IQ\nWhen we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.\nPeers EV / EBIT Valuations. Data source: S&P Capital IQ\nBy using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.\nRisks to Assumptions\nNow, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.\nWrapping It All Up\nAlibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":2782,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166170062,"gmtCreate":1623999021256,"gmtModify":1634024336593,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Gogogoo","listText":"Gogogoo","text":"Gogogoo","images":[{"img":"https://static.tigerbbs.com/04f5374ac013783a43b54963f1129728","width":"1125","height":"2865"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/166170062","isVote":1,"tweetType":1,"viewCount":3395,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":161585971,"gmtCreate":1623935080893,"gmtModify":1634025687779,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Gogogog","listText":"Gogogog","text":"Gogogog","images":[{"img":"https://static.tigerbbs.com/715788ae1138fef2accbcbd813f880ed","width":"1125","height":"2707"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/161585971","isVote":1,"tweetType":1,"viewCount":726,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":161582204,"gmtCreate":1623935040508,"gmtModify":1634025688366,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like 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comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/169041043","repostId":"1195581477","repostType":4,"isVote":1,"tweetType":1,"viewCount":901,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169040288,"gmtCreate":1623810214144,"gmtModify":1634027763122,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Gogogogo","listText":"Gogogogo","text":"Gogogogo","images":[{"img":"https://static.tigerbbs.com/5d81eac94b92f90d4386195752f1fdd8","width":"1125","height":"2707"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/169040288","isVote":1,"tweetType":1,"viewCount":522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":187385539,"gmtCreate":1623741531021,"gmtModify":1634029278064,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"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/187385539","repostId":"1138219989","repostType":4,"repost":{"id":"1138219989","kind":"news","pubTimestamp":1623650085,"share":"https://www.laohu8.com/m/news/1138219989?lang=zh_CN&edition=full","pubTime":"2021-06-14 13:54","market":"us","language":"en","title":"What to Expect in This Week’s Federal Reserve Meeting<blockquote>本周美联储会议有何期待</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138219989","media":"Barrons","summary":"As the Federal Open Market Committee holds its regular policy meeting this coming week, once again a","content":"<p>As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. What everybody wants to know is whether the panel finally has gotten around to talking about talking about moving away from its ubereasy monetary policy.</p><p><blockquote>随着联邦公开市场委员会下周举行例行政策会议，分析师和投资者应该再次打破尼克松时代的陈词滥调，关注他们的言论，而不是他们的行动。每个人都想知道的是，该小组是否最终开始讨论放弃其超级宽松的货币政策。</blockquote></p><p> We all know that the FOMC won’t take any substantive steps in terms of its massive securities purchases, which are still running at $120 billion a month. As for its key federal-funds rate target, that’s stuck at 0% to 0.25% (although there’s an outside chance of technical tweaking of some other Fed-administered rates to address the billions in excess cash sloshing around in the money markets).</p><p><blockquote>我们都知道，FOMC不会在其大规模证券购买方面采取任何实质性措施，目前仍以每月1200亿美元的速度运行。至于其关键的联邦基金利率目标，则停留在0%至0.25%（尽管美联储管理的其他一些利率有可能进行技术调整，以解决货币市场上流动的数十亿过剩现金）。</blockquote></p><p> We’ll be looking for what’s in the FOMC’s formal policy statement and the panel’s updated Summary of Economic Projections, which will include the amalgam of the committee members’ guesses on key economic gauges, such as gross domestic product, inflation, and unemployment. Most likely, when that is posted&nbsp;on the Fed’s website&nbsp;at 2 p.m. Eastern Daylight Time on Wednesday, most folks will probably head straight for the FOMC’s guesses on the fed-funds rate, and specifically when liftoff from near-zero is finally expected.</p><p><blockquote>我们将寻找FOMC的正式政策声明和该小组最新的经济预测摘要中的内容，其中将包括委员会成员对国内生产总值、通胀和失业率等关键经济指标的猜测。最有可能的是，当该消息于下午2点发布在美联储网站上时。周三东部夏令时，大多数人可能会直接关注FOMC对联邦基金利率的猜测，特别是何时最终有望从接近零的利率上升。</blockquote></p><p> The “dot plot”—or graph of the FOMC members’ consensus guesses—puts the first hike all the way out past 2023. That seems a very long-term forecast, and as John Maynard Keynes famously pointed out, in the long run we’re all dead. Some Fed watchers, such as J.P. Morgan’s chief U.S. economist, Michael Feroli, look for the dots to show a 2023 liftoff.</p><p><blockquote>“点阵图”——或FOMC成员共识猜测的图表——将首次加息一直推迟到2023年之后。这似乎是一个非常长期的预测，正如约翰·梅纳德·凯恩斯（John Maynard Keynes）著名指出的那样，从长远来看，我们都死了。一些美联储观察人士，例如摩根大通首席美国经济学家迈克尔·费罗利(Michael Feroli)，认为这些点表明2023年的经济起飞。</blockquote></p><p> The markets, however, already had been pricing in one or more fed-funds rate hikes by 2023. But concurrent with the previously discussed slide in longer-term bond yields, the interest-rate futures markets have effectively priced out one of those short-term rate increases. In addition, the derivatives market now sees the fed-funds rate peaking under 2%, some 0.4 of a percentage point lower than what it had priced in earlier this year, according to analysts for&nbsp;Natixis.</p><p><blockquote>然而，市场已经预计到2023年联邦基金将加息一次或多次。但在之前讨论的长期债券收益率下滑的同时，利率期货市场实际上已经消化了其中一次短期加息。此外，Natixis分析师表示，衍生品市场目前预计联邦基金利率将达到2%以下的峰值，比今年早些时候的定价低约0.4个百分点。</blockquote></p><p> Long before making any rate hikes, the Fed will begin to lessen its accommodation by slowing its current pace of securities purchases, which consist of $80 billion of Treasuries and $40 billion of agency mortgage-backed securities every month. The trillions that the Federal Reserve and other central banks have created have gone a long way to boost the values of assets, which rose by $5 trillion, to $136.9 trillion, in the first quarter, according to new Fed data released this past week. That includes a $3.2 trillion rise in the value of equities owned by households and a $968 billion rise in their real estate holdings.</p><p><blockquote>早在加息之前，美联储就将开始通过放慢目前的证券购买步伐来减少宽松政策，其中包括每月800亿美元的美国国债和400亿美元的机构抵押贷款支持证券。根据美联储上周发布的新数据，美联储和其他央行创造的数万亿美元对提振资产价值大有帮助，第一季度资产价值增加了5万亿美元，达到136.9万亿美元。其中包括家庭持有的股票价值增加3.2万亿美元，房地产持有量增加9680亿美元。</blockquote></p><p> The key criterion for reduced Fed accommodation is whether the monetary authorities see “substantial further progress” toward reaching what they deem as maximum employment, probably a deliberately ambiguous standard.</p><p><blockquote>美联储宽松政策减少的关键标准是货币当局是否认为在实现他们认为的最大就业方面取得了“实质性的进一步进展”，这可能是一个故意模糊的标准。</blockquote></p><p> But the increase in payrolls appears to be constrained as much by the supply of labor as businesses’ desire to hire. The latest Job Openings and Labor Turnover Survey, or Jolts, showed&nbsp;a record 9.3 million unfilled openings&nbsp;in April. In addition, 384,000 people left their positions that month, bringing the total of voluntary job quitters to a record four million.</p><p><blockquote>但就业人数的增长似乎既受到劳动力供应的限制，也受到企业招聘意愿的限制。最新的职位空缺和劳动力流动调查（Jolts）显示，4月份有创纪录的930万个职位空缺。此外，当月有38.4万人离职，自愿离职人数达到创纪录的400万人。</blockquote></p><p> Anecdotal evidence, including some in the Fed’s beige book summary of economic conditions prepared for the coming meeting, suggests that employers aren’t finding enough workers because of generous unemployment compensation. Unusual for a social science such as economics, there will be a real-time experiment to test this hypothesis as 25 states end the extra $300 weekly payment early.</p><p><blockquote>轶事证据，包括美联储为即将召开的会议准备的经济状况褐皮书总结中的一些证据，表明由于慷慨的失业补偿，雇主没有找到足够的工人。对于经济学等社会科学来说，不同寻常的是，随着25个州提前结束每周额外支付300美元的费用，将会有一个实时实验来检验这一假设。</blockquote></p><p> Jefferies economists Aneta Markowska and Thomas Simons write in a research note that these 25 states account for about a quarter of all the unemployed workers. Ending their extra jobless benefits could boost employment by roughly two million in the next few months, they estimate. Another growth spurt should follow in September and October after the extra unemployment insurance expires in the remaining states; schools reopen—providing free daycare for some would-be workers, especially women; and many office employees return to their desks, they add.</p><p><blockquote>杰富瑞经济学家Aneta Markowska和Thomas Simons在一份研究报告中写道，这25个州约占所有失业工人的四分之一。他们估计，终止额外的失业救济金可能会在未来几个月内增加大约200万人的就业机会。在其余州的额外失业保险到期后，9月和10月应该会出现另一次井喷式增长；学校重新开放——为一些潜在工人，尤其是女性提供免费日托；他们补充说，许多上班族回到了办公桌前。</blockquote></p><p> At that point, the Fed might start talking about actually reducing its massive securities purchases. Given the “taper tantrum” thrown by the markets when the central bank slowed its bond buying in 2013, this Fed will want to disclose how, when, and how fast it plans to slow its pour into the punch bowl. That’s what we’ll be listening for this week.</p><p><blockquote>到那时，美联储可能会开始谈论实际减少大规模证券购买。鉴于美联储在2013年放缓债券购买时市场引发的“缩减恐慌”，本届美联储将希望披露其计划如何、何时以及以多快的速度放缓注入潘趣酒碗。这就是我们本周要听的。</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>What to Expect in This Week’s Federal Reserve Meeting<blockquote>本周美联储会议有何期待</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 to Expect in This Week’s Federal Reserve Meeting<blockquote>本周美联储会议有何期待</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-14 13:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. What everybody wants to know is whether the panel finally has gotten around to talking about talking about moving away from its ubereasy monetary policy.</p><p><blockquote>随着联邦公开市场委员会下周举行例行政策会议，分析师和投资者应该再次打破尼克松时代的陈词滥调，关注他们的言论，而不是他们的行动。每个人都想知道的是，该小组是否最终开始讨论放弃其超级宽松的货币政策。</blockquote></p><p> We all know that the FOMC won’t take any substantive steps in terms of its massive securities purchases, which are still running at $120 billion a month. As for its key federal-funds rate target, that’s stuck at 0% to 0.25% (although there’s an outside chance of technical tweaking of some other Fed-administered rates to address the billions in excess cash sloshing around in the money markets).</p><p><blockquote>我们都知道，FOMC不会在其大规模证券购买方面采取任何实质性措施，目前仍以每月1200亿美元的速度运行。至于其关键的联邦基金利率目标，则停留在0%至0.25%（尽管美联储管理的其他一些利率有可能进行技术调整，以解决货币市场上流动的数十亿过剩现金）。</blockquote></p><p> We’ll be looking for what’s in the FOMC’s formal policy statement and the panel’s updated Summary of Economic Projections, which will include the amalgam of the committee members’ guesses on key economic gauges, such as gross domestic product, inflation, and unemployment. Most likely, when that is posted&nbsp;on the Fed’s website&nbsp;at 2 p.m. Eastern Daylight Time on Wednesday, most folks will probably head straight for the FOMC’s guesses on the fed-funds rate, and specifically when liftoff from near-zero is finally expected.</p><p><blockquote>我们将寻找FOMC的正式政策声明和该小组最新的经济预测摘要中的内容，其中将包括委员会成员对国内生产总值、通胀和失业率等关键经济指标的猜测。最有可能的是，当该消息于下午2点发布在美联储网站上时。周三东部夏令时，大多数人可能会直接关注FOMC对联邦基金利率的猜测，特别是何时最终有望从接近零的利率上升。</blockquote></p><p> The “dot plot”—or graph of the FOMC members’ consensus guesses—puts the first hike all the way out past 2023. That seems a very long-term forecast, and as John Maynard Keynes famously pointed out, in the long run we’re all dead. Some Fed watchers, such as J.P. Morgan’s chief U.S. economist, Michael Feroli, look for the dots to show a 2023 liftoff.</p><p><blockquote>“点阵图”——或FOMC成员共识猜测的图表——将首次加息一直推迟到2023年之后。这似乎是一个非常长期的预测，正如约翰·梅纳德·凯恩斯（John Maynard Keynes）著名指出的那样，从长远来看，我们都死了。一些美联储观察人士，例如摩根大通首席美国经济学家迈克尔·费罗利(Michael Feroli)，认为这些点表明2023年的经济起飞。</blockquote></p><p> The markets, however, already had been pricing in one or more fed-funds rate hikes by 2023. But concurrent with the previously discussed slide in longer-term bond yields, the interest-rate futures markets have effectively priced out one of those short-term rate increases. In addition, the derivatives market now sees the fed-funds rate peaking under 2%, some 0.4 of a percentage point lower than what it had priced in earlier this year, according to analysts for&nbsp;Natixis.</p><p><blockquote>然而，市场已经预计到2023年联邦基金将加息一次或多次。但在之前讨论的长期债券收益率下滑的同时，利率期货市场实际上已经消化了其中一次短期加息。此外，Natixis分析师表示，衍生品市场目前预计联邦基金利率将达到2%以下的峰值，比今年早些时候的定价低约0.4个百分点。</blockquote></p><p> Long before making any rate hikes, the Fed will begin to lessen its accommodation by slowing its current pace of securities purchases, which consist of $80 billion of Treasuries and $40 billion of agency mortgage-backed securities every month. The trillions that the Federal Reserve and other central banks have created have gone a long way to boost the values of assets, which rose by $5 trillion, to $136.9 trillion, in the first quarter, according to new Fed data released this past week. That includes a $3.2 trillion rise in the value of equities owned by households and a $968 billion rise in their real estate holdings.</p><p><blockquote>早在加息之前，美联储就将开始通过放慢目前的证券购买步伐来减少宽松政策，其中包括每月800亿美元的美国国债和400亿美元的机构抵押贷款支持证券。根据美联储上周发布的新数据，美联储和其他央行创造的数万亿美元对提振资产价值大有帮助，第一季度资产价值增加了5万亿美元，达到136.9万亿美元。其中包括家庭持有的股票价值增加3.2万亿美元，房地产持有量增加9680亿美元。</blockquote></p><p> The key criterion for reduced Fed accommodation is whether the monetary authorities see “substantial further progress” toward reaching what they deem as maximum employment, probably a deliberately ambiguous standard.</p><p><blockquote>美联储宽松政策减少的关键标准是货币当局是否认为在实现他们认为的最大就业方面取得了“实质性的进一步进展”，这可能是一个故意模糊的标准。</blockquote></p><p> But the increase in payrolls appears to be constrained as much by the supply of labor as businesses’ desire to hire. The latest Job Openings and Labor Turnover Survey, or Jolts, showed&nbsp;a record 9.3 million unfilled openings&nbsp;in April. In addition, 384,000 people left their positions that month, bringing the total of voluntary job quitters to a record four million.</p><p><blockquote>但就业人数的增长似乎既受到劳动力供应的限制，也受到企业招聘意愿的限制。最新的职位空缺和劳动力流动调查（Jolts）显示，4月份有创纪录的930万个职位空缺。此外，当月有38.4万人离职，自愿离职人数达到创纪录的400万人。</blockquote></p><p> Anecdotal evidence, including some in the Fed’s beige book summary of economic conditions prepared for the coming meeting, suggests that employers aren’t finding enough workers because of generous unemployment compensation. Unusual for a social science such as economics, there will be a real-time experiment to test this hypothesis as 25 states end the extra $300 weekly payment early.</p><p><blockquote>轶事证据，包括美联储为即将召开的会议准备的经济状况褐皮书总结中的一些证据，表明由于慷慨的失业补偿，雇主没有找到足够的工人。对于经济学等社会科学来说，不同寻常的是，随着25个州提前结束每周额外支付300美元的费用，将会有一个实时实验来检验这一假设。</blockquote></p><p> Jefferies economists Aneta Markowska and Thomas Simons write in a research note that these 25 states account for about a quarter of all the unemployed workers. Ending their extra jobless benefits could boost employment by roughly two million in the next few months, they estimate. Another growth spurt should follow in September and October after the extra unemployment insurance expires in the remaining states; schools reopen—providing free daycare for some would-be workers, especially women; and many office employees return to their desks, they add.</p><p><blockquote>杰富瑞经济学家Aneta Markowska和Thomas Simons在一份研究报告中写道，这25个州约占所有失业工人的四分之一。他们估计，终止额外的失业救济金可能会在未来几个月内增加大约200万人的就业机会。在其余州的额外失业保险到期后，9月和10月应该会出现另一次井喷式增长；学校重新开放——为一些潜在工人，尤其是女性提供免费日托；他们补充说，许多上班族回到了办公桌前。</blockquote></p><p> At that point, the Fed might start talking about actually reducing its massive securities purchases. Given the “taper tantrum” thrown by the markets when the central bank slowed its bond buying in 2013, this Fed will want to disclose how, when, and how fast it plans to slow its pour into the punch bowl. That’s what we’ll be listening for this week.</p><p><blockquote>到那时，美联储可能会开始谈论实际减少大规模证券购买。鉴于美联储在2013年放缓债券购买时市场引发的“缩减恐慌”，本届美联储将希望披露其计划如何、何时以及以多快的速度放缓注入潘趣酒碗。这就是我们本周要听的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/what-to-expect-in-next-weeks-federal-reserve-meeting-51623457837?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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/what-to-expect-in-next-weeks-federal-reserve-meeting-51623457837?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138219989","content_text":"As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. What everybody wants to know is whether the panel finally has gotten around to talking about talking about moving away from its ubereasy monetary policy.\nWe all know that the FOMC won’t take any substantive steps in terms of its massive securities purchases, which are still running at $120 billion a month. As for its key federal-funds rate target, that’s stuck at 0% to 0.25% (although there’s an outside chance of technical tweaking of some other Fed-administered rates to address the billions in excess cash sloshing around in the money markets).\nWe’ll be looking for what’s in the FOMC’s formal policy statement and the panel’s updated Summary of Economic Projections, which will include the amalgam of the committee members’ guesses on key economic gauges, such as gross domestic product, inflation, and unemployment. Most likely, when that is posted on the Fed’s website at 2 p.m. Eastern Daylight Time on Wednesday, most folks will probably head straight for the FOMC’s guesses on the fed-funds rate, and specifically when liftoff from near-zero is finally expected.\nThe “dot plot”—or graph of the FOMC members’ consensus guesses—puts the first hike all the way out past 2023. That seems a very long-term forecast, and as John Maynard Keynes famously pointed out, in the long run we’re all dead. Some Fed watchers, such as J.P. Morgan’s chief U.S. economist, Michael Feroli, look for the dots to show a 2023 liftoff.\nThe markets, however, already had been pricing in one or more fed-funds rate hikes by 2023. But concurrent with the previously discussed slide in longer-term bond yields, the interest-rate futures markets have effectively priced out one of those short-term rate increases. In addition, the derivatives market now sees the fed-funds rate peaking under 2%, some 0.4 of a percentage point lower than what it had priced in earlier this year, according to analysts for Natixis.\nLong before making any rate hikes, the Fed will begin to lessen its accommodation by slowing its current pace of securities purchases, which consist of $80 billion of Treasuries and $40 billion of agency mortgage-backed securities every month. The trillions that the Federal Reserve and other central banks have created have gone a long way to boost the values of assets, which rose by $5 trillion, to $136.9 trillion, in the first quarter, according to new Fed data released this past week. That includes a $3.2 trillion rise in the value of equities owned by households and a $968 billion rise in their real estate holdings.\nThe key criterion for reduced Fed accommodation is whether the monetary authorities see “substantial further progress” toward reaching what they deem as maximum employment, probably a deliberately ambiguous standard.\nBut the increase in payrolls appears to be constrained as much by the supply of labor as businesses’ desire to hire. The latest Job Openings and Labor Turnover Survey, or Jolts, showed a record 9.3 million unfilled openings in April. In addition, 384,000 people left their positions that month, bringing the total of voluntary job quitters to a record four million.\nAnecdotal evidence, including some in the Fed’s beige book summary of economic conditions prepared for the coming meeting, suggests that employers aren’t finding enough workers because of generous unemployment compensation. Unusual for a social science such as economics, there will be a real-time experiment to test this hypothesis as 25 states end the extra $300 weekly payment early.\nJefferies economists Aneta Markowska and Thomas Simons write in a research note that these 25 states account for about a quarter of all the unemployed workers. Ending their extra jobless benefits could boost employment by roughly two million in the next few months, they estimate. Another growth spurt should follow in September and October after the extra unemployment insurance expires in the remaining states; schools reopen—providing free daycare for some would-be workers, especially women; and many office employees return to their desks, they add.\nAt that point, the Fed might start talking about actually reducing its massive securities purchases. Given the “taper tantrum” thrown by the markets when the central bank slowed its bond buying in 2013, this Fed will want to disclose how, when, and how fast it plans to slow its pour into the punch bowl. That’s what we’ll be listening for this week.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":603,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187385172,"gmtCreate":1623741509796,"gmtModify":1634029278552,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Gogogogo","listText":"Gogogogo","text":"Gogogogo","images":[{"img":"https://static.tigerbbs.com/4cd9085ebd340cc972326cfca8b3cf37","width":"1125","height":"2628"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/187385172","isVote":1,"tweetType":1,"viewCount":694,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":185913521,"gmtCreate":1623630186663,"gmtModify":1634031047345,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Gogogoo","listText":"Gogogoo","text":"Gogogoo","images":[{"img":"https://static.tigerbbs.com/13a242e6d38111edb41a8acc0c70d272","width":"1125","height":"2470"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185913521","isVote":1,"tweetType":1,"viewCount":659,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":182863023,"gmtCreate":1623563290462,"gmtModify":1634031626686,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Gogogoog","listText":"Gogogoog","text":"Gogogoog","images":[{"img":"https://static.tigerbbs.com/3155ed00b78ee3929cfae318fb9ce80c","width":"1125","height":"2470"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/182863023","isVote":1,"tweetType":1,"viewCount":705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":181604934,"gmtCreate":1623387895128,"gmtModify":1634033869343,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/181604934","repostId":"1184070773","repostType":4,"isVote":1,"tweetType":1,"viewCount":829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181605217,"gmtCreate":1623387872539,"gmtModify":1634033869804,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Gogoogog","listText":"Gogoogog","text":"Gogoogog","images":[{"img":"https://static.tigerbbs.com/eaad944c9e2932fc851789975bd2fe2b","width":"1125","height":"2786"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181605217","isVote":1,"tweetType":1,"viewCount":748,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":132211653,"gmtCreate":1622090969672,"gmtModify":1634183914773,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/132211653","repostId":"2138149518","repostType":4,"isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351950647,"gmtCreate":1616555961989,"gmtModify":1634525218812,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/351950647","repostId":"1157877354","repostType":4,"repost":{"id":"1157877354","kind":"news","pubTimestamp":1616552015,"share":"https://www.laohu8.com/m/news/1157877354?lang=zh_CN&edition=full","pubTime":"2021-03-24 10:13","market":"us","language":"en","title":"Robinhood Files Confidentially With SEC To Go Public: Report<blockquote>Robinhood向SEC秘密提交上市文件：报告</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1157877354","media":"thestreet","summary":"The parent of Robinhood, the trading application at the center of the recent retail trading frenzy, ","content":"<p>The parent of Robinhood, the trading application at the center of the recent retail trading frenzy, filed confidentially with the Securities and Exchange Commission to go public, a media report says.</p><p><blockquote>据媒体报道，Robinhood的母公司是最近散户交易狂潮的核心交易申请，该公司秘密向美国证券交易委员会提交了上市申请。</blockquote></p><p> Bloomberg News reported that Robinhood Markets Inc. could go public as soon as sometime in the second quarter. The news service cited a person familiar with the matter.</p><p><blockquote>彭博新闻社报道称，Robinhood Markets Inc.最早可能在第二季度的某个时候上市。新闻社援引一位知情人士的话称。</blockquote></p><p> The timing could change, the news service reported. Bloomberg in February had reported that the company might go public in March.</p><p><blockquote>据新闻机构报道，时间可能会改变。彭博社二月份曾报道该公司可能会在三月份上市。</blockquote></p><p> The commission-free application launched in March 2015. It became extremely popular recently as it enabled novice investors who were stuck at home due to the pandemic to trade stocks and other financial instruments at no cost.</p><p><blockquote>免佣金应用于2015年3月推出。它最近变得非常受欢迎，因为它使因疫情而被困在家里的新手投资者能够免费交易股票和其他金融工具。</blockquote></p><p> In January followers of a sub-reddit known as r/WallStreetBets launched a concerted effort to boost the shares of GameStop&nbsp;(<b>GME</b>) -Get Report&nbsp;and force a short squeeze. The resulting volatility did indeed send the shares soaring, but also wound up catching many novice investors on the wrong side of trades as shares plunged.</p><p><blockquote>一月份，一个名为r/WallStreetBets的reddit子网站的粉丝发起了一场共同努力来提振游戏驿站的股价（<b>GME</b>)-获取报告并强制轧空。由此产生的波动确实导致股价飙升，但最终也让许多新手投资者在股价暴跌时陷入了错误的交易。</blockquote></p><p> It also drew many more new users to the Robinhood app.</p><p><blockquote>它还为Robinhood应用程序吸引了更多新用户。</blockquote></p><p> At the time Robinhood faced capital shortfalls and limited trading in popular stocks including GameStop.&nbsp;Robinhood investors put more than $3 billion into the firm to help it meet its collateral requirements.</p><p><blockquote>当时，Robinhood面临资本短缺和包括游戏驿站在内的热门股票交易有限。Robinhood投资者向该公司投入了超过30亿美元，以帮助其满足抵押品要求。</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>Robinhood Files Confidentially With SEC To Go Public: Report<blockquote>Robinhood向SEC秘密提交上市文件：报告</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\">\nRobinhood Files Confidentially With SEC To Go Public: Report<blockquote>Robinhood向SEC秘密提交上市文件：报告</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">thestreet</strong><span class=\"h-time small\">2021-03-24 10:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The parent of Robinhood, the trading application at the center of the recent retail trading frenzy, filed confidentially with the Securities and Exchange Commission to go public, a media report says.</p><p><blockquote>据媒体报道，Robinhood的母公司是最近散户交易狂潮的核心交易申请，该公司秘密向美国证券交易委员会提交了上市申请。</blockquote></p><p> Bloomberg News reported that Robinhood Markets Inc. could go public as soon as sometime in the second quarter. The news service cited a person familiar with the matter.</p><p><blockquote>彭博新闻社报道称，Robinhood Markets Inc.最早可能在第二季度的某个时候上市。新闻社援引一位知情人士的话称。</blockquote></p><p> The timing could change, the news service reported. Bloomberg in February had reported that the company might go public in March.</p><p><blockquote>据新闻机构报道，时间可能会改变。彭博社二月份曾报道该公司可能会在三月份上市。</blockquote></p><p> The commission-free application launched in March 2015. It became extremely popular recently as it enabled novice investors who were stuck at home due to the pandemic to trade stocks and other financial instruments at no cost.</p><p><blockquote>免佣金应用于2015年3月推出。它最近变得非常受欢迎，因为它使因疫情而被困在家里的新手投资者能够免费交易股票和其他金融工具。</blockquote></p><p> In January followers of a sub-reddit known as r/WallStreetBets launched a concerted effort to boost the shares of GameStop&nbsp;(<b>GME</b>) -Get Report&nbsp;and force a short squeeze. The resulting volatility did indeed send the shares soaring, but also wound up catching many novice investors on the wrong side of trades as shares plunged.</p><p><blockquote>一月份，一个名为r/WallStreetBets的reddit子网站的粉丝发起了一场共同努力来提振游戏驿站的股价（<b>GME</b>)-获取报告并强制轧空。由此产生的波动确实导致股价飙升，但最终也让许多新手投资者在股价暴跌时陷入了错误的交易。</blockquote></p><p> It also drew many more new users to the Robinhood app.</p><p><blockquote>它还为Robinhood应用程序吸引了更多新用户。</blockquote></p><p> At the time Robinhood faced capital shortfalls and limited trading in popular stocks including GameStop.&nbsp;Robinhood investors put more than $3 billion into the firm to help it meet its collateral requirements.</p><p><blockquote>当时，Robinhood面临资本短缺和包括游戏驿站在内的热门股票交易有限。Robinhood投资者向该公司投入了超过30亿美元，以帮助其满足抵押品要求。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/markets/ipos/robinhood-files-confidentially-with-sec-to-go-public-report\">thestreet</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.thestreet.com/markets/ipos/robinhood-files-confidentially-with-sec-to-go-public-report","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157877354","content_text":"The parent of Robinhood, the trading application at the center of the recent retail trading frenzy, filed confidentially with the Securities and Exchange Commission to go public, a media report says.\nBloomberg News reported that Robinhood Markets Inc. could go public as soon as sometime in the second quarter. The news service cited a person familiar with the matter.\nThe timing could change, the news service reported. Bloomberg in February had reported that the company might go public in March.\nThe commission-free application launched in March 2015. It became extremely popular recently as it enabled novice investors who were stuck at home due to the pandemic to trade stocks and other financial instruments at no cost.\nIn January followers of a sub-reddit known as r/WallStreetBets launched a concerted effort to boost the shares of GameStop (GME) -Get Report and force a short squeeze. The resulting volatility did indeed send the shares soaring, but also wound up catching many novice investors on the wrong side of trades as shares plunged.\nIt also drew many more new users to the Robinhood app.\nAt the time Robinhood faced capital shortfalls and limited trading in popular stocks including GameStop. Robinhood investors put more than $3 billion into the firm to help it meet its collateral requirements.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110729773,"gmtCreate":1622505175092,"gmtModify":1634101081335,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/110729773","repostId":"1163643126","repostType":4,"isVote":1,"tweetType":1,"viewCount":451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387925078,"gmtCreate":1613712274194,"gmtModify":1634552540967,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/387925078","repostId":"2112556897","repostType":4,"isVote":1,"tweetType":1,"viewCount":426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158930684,"gmtCreate":1625119679948,"gmtModify":1633944565707,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/158930684","repostId":"2147581409","repostType":4,"isVote":1,"tweetType":1,"viewCount":3341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107985620,"gmtCreate":1620439157460,"gmtModify":1634198774132,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/107985620","repostId":"1120904578","repostType":4,"repost":{"id":"1120904578","kind":"news","pubTimestamp":1620429937,"share":"https://www.laohu8.com/m/news/1120904578?lang=zh_CN&edition=full","pubTime":"2021-05-08 07:25","market":"us","language":"en","title":"S&P 500, Dow hit record highs as weak jobs data eases rate worries<blockquote>疲软的就业数据缓解了利率担忧，标普500和道指创下历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120904578","media":"Reuters","summary":"The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the","content":"<p>The Dow and S&amp;P 500 hit record closing highs on Friday while registering gains for the week, and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> recovered after U.S. jobs data eased concerns over prospects for rising rates.</p><p><blockquote>道琼斯指数和标普500指数周五创下历史收盘新高，同时录得本周上涨，而<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>在美国就业数据缓解了对加息前景的担忧后复苏。</blockquote></p><p>U.S. job growth&nbsp;unexpectedly slowed&nbsp;in April, likely restrained by shortages of workers, the Labor Department report showed.</p><p><blockquote>劳工部报告显示，美国4月份就业增长意外放缓，可能受到工人短缺的限制。</blockquote></p><p>The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.</p><p><blockquote>该报告缓解了对通胀上升和美国利率可能上升的一些担忧，一些投资者担心这将损害高估值的成长型公司。</blockquote></p><p>“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.</p><p><blockquote>高级投资组合汤姆·马丁(Tom Martin)表示：“那些被带到柴房的成长型公司正在获得另一次机会，因为在复苏较慢的环境中，它们将被认为风险较小，而这正是就业数据所表明的。”Globalt Investments经理。</blockquote></p><p>Heavily-weighted growth stocks such as <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp MSFT.O and <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&amp;P 500 and Nasdaq their biggest boosts.</p><p><blockquote>权重较大的成长股，例如<a href=\"https://laohu8.com/S/MSFT\">微软</a>公司MSFT.O和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc.AAPL.O分别上涨1.1%和0.5%，标普500和纳斯达克涨幅最大。</blockquote></p><p>But gains were broad-based, with all major S&amp;P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.</p><p><blockquote>但涨幅广泛，所有主要标普500板块均以绿色能源SPNY和房地产SPLRCR领涨。能源和材料SPLRCM双双创下新高。</blockquote></p><p>The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&amp;P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.</p><p><blockquote>道琼斯指数。DJI上涨229.23点，或0.66%，至34,777.76点；标普500.SPX上涨30.98点，或0.74%，至4,232.6点；纳斯达克综合指数。IXIC上涨119.40点，或0.88%，至13,752.24点。</blockquote></p><p>For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&amp;P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.</p><p><blockquote>本周，道指上涨2.7%，创3月以来最大单周百分比涨幅。标普500上涨1.2%，为4月中旬以来表现最好的一周，而纳斯达克下跌1.5%。</blockquote></p><p>“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.</p><p><blockquote>格雷格·巴苏克(Greg Bassuk)表示：“对（美联储）政策保持不变以及疫苗推出后经济持续复苏的预期和确认推动了这些历史高点，但我们确实认为短期内波动性将会收紧。”，Axs投资公司首席执行官。</blockquote></p><p>A raft of upbeat earnings also helped stocks, and S&amp;P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.</p><p><blockquote>大量乐观的盈利也帮助了股市，根据Refinitiv的数据，目前预计标普500第一季度盈利同比增长50.4%，这将是自2010年第一季度以来的最高增长率。</blockquote></p><p>Payments firm <a href=\"https://laohu8.com/S/SQ\">Square</a> Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)</p><p><blockquote>支付公司<a href=\"https://laohu8.com/S/SQ\">平方</a>Inc SQ.N在公布好于预期的季度利润后上涨4.2%，因为对比特币的需求激增推动了其应用程序上的加密货币交易激增。（全文）</blockquote></p><p>Streaming device maker <a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)</p><p><blockquote>流媒体设备制造商<a href=\"https://laohu8.com/S/ROKU\">Roku公司</a>ROKU.O因收入前景乐观而上涨11.5%，而健身器材制造商Peloton Interactive Inc PTON.O因采取措施提高设备安全性而上涨。（全文）（全文）</blockquote></p><p><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.</p><p><blockquote><a href=\"https://laohu8.com/S/EXPE\">Expedia</a>Group Inc EXPE.O股价上涨5.2%，分析师在该公司公布乐观业绩后上调了目标价。</blockquote></p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为3.27比1；在纳斯达克，2.12比1的比率有利于上涨者。</blockquote></p><p>The S&amp;P 500 posted 164 new 52-week highs and <a href=\"https://laohu8.com/S/AONE\">one</a> new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.</p><p><blockquote>标普500创下164个52周新高，<a href=\"https://laohu8.com/S/AONE\">一</a>新低；纳斯达克综合指数录得164个新高和64个新低。</blockquote></p><p>Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所成交量为102.3亿股，而过去20个交易日全交易日平均成交量为101.1亿股。</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>S&P 500, Dow hit record highs as weak jobs data eases rate worries<blockquote>疲软的就业数据缓解了利率担忧，标普500和道指创下历史新高</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\">\nS&P 500, Dow hit record highs as weak jobs data eases rate worries<blockquote>疲软的就业数据缓解了利率担忧，标普500和道指创下历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-05-08 07:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Dow and S&amp;P 500 hit record closing highs on Friday while registering gains for the week, and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> recovered after U.S. jobs data eased concerns over prospects for rising rates.</p><p><blockquote>道琼斯指数和标普500指数周五创下历史收盘新高，同时录得本周上涨，而<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>在美国就业数据缓解了对加息前景的担忧后复苏。</blockquote></p><p>U.S. job growth&nbsp;unexpectedly slowed&nbsp;in April, likely restrained by shortages of workers, the Labor Department report showed.</p><p><blockquote>劳工部报告显示，美国4月份就业增长意外放缓，可能受到工人短缺的限制。</blockquote></p><p>The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.</p><p><blockquote>该报告缓解了对通胀上升和美国利率可能上升的一些担忧，一些投资者担心这将损害高估值的成长型公司。</blockquote></p><p>“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.</p><p><blockquote>高级投资组合汤姆·马丁(Tom Martin)表示：“那些被带到柴房的成长型公司正在获得另一次机会，因为在复苏较慢的环境中，它们将被认为风险较小，而这正是就业数据所表明的。”Globalt Investments经理。</blockquote></p><p>Heavily-weighted growth stocks such as <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp MSFT.O and <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&amp;P 500 and Nasdaq their biggest boosts.</p><p><blockquote>权重较大的成长股，例如<a href=\"https://laohu8.com/S/MSFT\">微软</a>公司MSFT.O和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc.AAPL.O分别上涨1.1%和0.5%，标普500和纳斯达克涨幅最大。</blockquote></p><p>But gains were broad-based, with all major S&amp;P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.</p><p><blockquote>但涨幅广泛，所有主要标普500板块均以绿色能源SPNY和房地产SPLRCR领涨。能源和材料SPLRCM双双创下新高。</blockquote></p><p>The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&amp;P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.</p><p><blockquote>道琼斯指数。DJI上涨229.23点，或0.66%，至34,777.76点；标普500.SPX上涨30.98点，或0.74%，至4,232.6点；纳斯达克综合指数。IXIC上涨119.40点，或0.88%，至13,752.24点。</blockquote></p><p>For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&amp;P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.</p><p><blockquote>本周，道指上涨2.7%，创3月以来最大单周百分比涨幅。标普500上涨1.2%，为4月中旬以来表现最好的一周，而纳斯达克下跌1.5%。</blockquote></p><p>“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.</p><p><blockquote>格雷格·巴苏克(Greg Bassuk)表示：“对（美联储）政策保持不变以及疫苗推出后经济持续复苏的预期和确认推动了这些历史高点，但我们确实认为短期内波动性将会收紧。”，Axs投资公司首席执行官。</blockquote></p><p>A raft of upbeat earnings also helped stocks, and S&amp;P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.</p><p><blockquote>大量乐观的盈利也帮助了股市，根据Refinitiv的数据，目前预计标普500第一季度盈利同比增长50.4%，这将是自2010年第一季度以来的最高增长率。</blockquote></p><p>Payments firm <a href=\"https://laohu8.com/S/SQ\">Square</a> Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)</p><p><blockquote>支付公司<a href=\"https://laohu8.com/S/SQ\">平方</a>Inc SQ.N在公布好于预期的季度利润后上涨4.2%，因为对比特币的需求激增推动了其应用程序上的加密货币交易激增。（全文）</blockquote></p><p>Streaming device maker <a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)</p><p><blockquote>流媒体设备制造商<a href=\"https://laohu8.com/S/ROKU\">Roku公司</a>ROKU.O因收入前景乐观而上涨11.5%，而健身器材制造商Peloton Interactive Inc PTON.O因采取措施提高设备安全性而上涨。（全文）（全文）</blockquote></p><p><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.</p><p><blockquote><a href=\"https://laohu8.com/S/EXPE\">Expedia</a>Group Inc EXPE.O股价上涨5.2%，分析师在该公司公布乐观业绩后上调了目标价。</blockquote></p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为3.27比1；在纳斯达克，2.12比1的比率有利于上涨者。</blockquote></p><p>The S&amp;P 500 posted 164 new 52-week highs and <a href=\"https://laohu8.com/S/AONE\">one</a> new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.</p><p><blockquote>标普500创下164个52周新高，<a href=\"https://laohu8.com/S/AONE\">一</a>新低；纳斯达克综合指数录得164个新高和64个新低。</blockquote></p><p>Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所成交量为102.3亿股，而过去20个交易日全交易日平均成交量为101.1亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/\">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":{"161125":"标普500","513500":"标普500ETF","UPRO":"三倍做多标普500ETF-ProShares","OEF":"标普100指数ETF-iShares",".DJI":"道琼斯","SH":"做空标普500-Proshares","MSFT":"微软","IVV":"标普500ETF-iShares","ROKU":"Roku Inc","SPXU":"三倍做空标普500ETF-ProShares",".IXIC":"NASDAQ Composite","SPY":"标普500ETF","SSO":"2倍做多标普500ETF-ProShares","OEX":"标普100","AAPL":"苹果",".SPX":"S&P 500 Index","SDS":"两倍做空标普500 ETF-ProShares","EXPE":"Expedia"},"source_url":"https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120904578","content_text":"The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the Nasdaq recovered after U.S. jobs data eased concerns over prospects for rising rates.U.S. job growth unexpectedly slowed in April, likely restrained by shortages of workers, the Labor Department report showed.The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.Heavily-weighted growth stocks such as Microsoft Corp MSFT.O and Apple Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&P 500 and Nasdaq their biggest boosts.But gains were broad-based, with all major S&P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.A raft of upbeat earnings also helped stocks, and S&P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.Payments firm Square Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)Streaming device maker Roku Inc ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)Expedia Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.The S&P 500 posted 164 new 52-week highs and one new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SQ":0.9,".SPX":0.9,"EXPE":0.9,"UPRO":0.9,"OEX":0.9,"SSO":0.9,".IXIC":0.9,"SPXU":0.9,"OEF":0.9,".DJI":0.9,"SDS":0.9,"SPY":0.9,"ESmain":0.9,"SH":0.9,"MSFT":0.9,"IVV":0.9,"ROKU":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368632725,"gmtCreate":1614316061467,"gmtModify":1703476259553,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/368632725","repostId":"1120523685","repostType":4,"repost":{"id":"1120523685","kind":"news","pubTimestamp":1614310849,"share":"https://www.laohu8.com/m/news/1120523685?lang=zh_CN&edition=full","pubTime":"2021-02-26 11:40","market":"us","language":"en","title":"GameStop Round 2? How an options-buying frenzy is providing another jolt to meme stocks<blockquote>游戏驿站第二轮？期权购买狂潮如何给模因股票带来另一次冲击</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120523685","media":"MarketWatch","summary":"It’s not just individual investors participating in latest squeeze, observers say\nAnother options-fu","content":"<p>It’s not just individual investors participating in latest squeeze, observers say</p><p><blockquote>观察人士称，参与最新挤压的不仅仅是个人投资者</blockquote></p><p> Another options-fueled buying frenzy appeared to be sending shares of GameStop Corp. and other “meme” stocks soaring on Thursday. But unlike last month’s market-rattling move, it wasn’t clear that individual investors were the primary driver.</p><p><blockquote>另一场由期权引发的购买狂潮似乎导致游戏驿站公司和其他“模因”股票的股价周四飙升。但与上个月令市场不安的举动不同，目前尚不清楚个人投资者是否是主要驱动力。</blockquote></p><p> The primary mechanism, however, appeared largely the same.</p><p><blockquote>然而，主要机制似乎基本相同。</blockquote></p><p> A surge in purchases of GameStop call options, centered on those with a strike price of $60 and due to expire at the end of the week, was seen late Wednesday afternoon, said Gust Kepler, chief executive of BlackBoxStocks, a stock-and-options analytics and social platform. That triggered an alert sent by BlackBoxStocks at 3:27 p.m. Eastern, he said. Another alert was triggered early Thursday by heavy interest in calls with a $125 strike price.</p><p><blockquote>股票和期权公司BlackBoxStocks首席执行官Gust Kepler表示，周三下午晚些时候，游戏驿站·看涨期权期权的购买量激增，主要是执行价为60美元、将于本周末到期的期权。分析和社交平台。这触发了BlackBoxStocks在下午3点27分发送的警报。东方，他说。周四早些时候，由于对评级的浓厚兴趣，执行价为125美元，引发了另一个警报。</blockquote></p><p> The company tracks options buying activity, with an eye toward large institutional buyers. Concerted activity by individual investors can also be picked up as brokers, which are part of the institutional universe, move to fill orders. The recent activity appeared to likely be a combination of big, professional players as well as individual buyers, Kepler said, in an interview.</p><p><blockquote>该公司跟踪期权购买活动，关注大型机构买家。随着作为机构世界一部分的经纪商开始履行订单，个人投资者的一致活动也可能被发现。开普勒在接受采访时表示，最近的活动似乎可能是大型专业参与者和个人买家的结合。</blockquote></p><p> <b>‘Gamma squeeze’</b></p><p><blockquote><b>“伽马挤压”</b></blockquote></p><p> A call option is a financial instrument that gives the holder the right, but not the obligation, to buy the underlying security at a set price, known as the strike price, by a certain date. By buying far “out of the money” calls, which have a strike price well above the stock’s present level, investors are betting that a surge in the stock price will net them a healthy profit.</p><p><blockquote>看涨期权期权是一种金融工具，赋予持有人在特定日期之前以设定价格（称为执行价格）购买标的证券的权利，但没有义务。通过购买执行价格远高于该股目前水平的“价外”评级，投资者押注股价飙升将为他们带来可观的利润。</blockquote></p><p> Buying far out of the money calls is usually a losing proposition, analysts noted, and a surge in interest can make the strategy more expensive as premiums rise in response to demand.</p><p><blockquote>分析师指出，远超本钱买入评级通常是一个失败的提议，随着溢价因需求而上升，兴趣激增可能会使该策略变得更加昂贵。</blockquote></p><p> But the options buying can, under certain circumstances, create conditions in which a price rally feeds on itself. Known as a “gamma squeeze,” this occurs when the sellers of the call options, in order to hedge their positions, buy the underlying stock. As the price of the stock rises, they need to buy more to maintain their hedge, creating the feedback loop.</p><p><blockquote>但在某些情况下，期权购买可以创造价格上涨的条件。这种情况被称为“伽马挤压”，当看涨期权期权的卖方为了对冲其头寸而购买标的股票时就会发生。随着股票价格上涨，他们需要购买更多来维持对冲，从而形成反馈循环。</blockquote></p><p> GameStop&nbsp;shares soared in late afternoon trade Wednesday, prompting trading halts before it&nbsp;ended with a gain of 104%.Nearly 65 million shares changed hands, with volume surging as the closing bell neared, compared with a recent average daily volume of 14.7 million shares. GameStop shares&nbsp;popped as much as 85% at Thursday’s opening bell. Gains were trimmed by the close, but it still finished at $108.73, up more than 18%.</p><p><blockquote>周三下午晚些时候，游戏驿站股价飙升，导致交易暂停，最终上涨104%。近6500万股易手，临近收盘时成交量激增，而近期日均成交量为1470万股。周四开盘时，游戏驿站股价飙升85%。收盘时涨幅有所收窄，但仍收于108.73美元，涨幅超过18%。</blockquote></p><p> <b>Where are the shorts?</b></p><p><blockquote><b>短裤在哪里？</b></blockquote></p><p> GameStop, which ended last year near $17 a share, soared as high as $483 in late January as concerted buying efforts initiated by individual investors on Reddit’s WallStreetBets forum contributed to a short squeeze, forcing traders who had bet on falling stock prices to cover their positions, adding to the buying frenzy.</p><p><blockquote>游戏驿站去年收盘价接近每股17美元，1月下旬飙升至483美元，原因是个人投资者在Reddit的WallStreetBets论坛上发起的一致买入努力导致了空头挤压，迫使押注股价下跌的交易员回补头寸，加剧了购买狂潮。</blockquote></p><p> GameStop shares subsequently fell back, trading below $40 a share last week. The late-January episode briefly rattled financial markets, triggered investigations and brought additional scrutiny, including a high-profile congressional hearing, on online brokers, market makers, and other players.</p><p><blockquote>游戏驿站股价随后回落，上周交易价格低于每股40美元。1月下旬的事件短暂扰乱了金融市场，引发了调查，并带来了对在线经纪商、做市商和其他参与者的额外审查，包括备受瞩目的国会听证会。</blockquote></p><p> It’s also brought attention to the broader role individual investors are playing and the possibility of a sustained pickup in retail interest that could alter market dynamics over the long run.</p><p><blockquote>它还引起了人们对个人投资者所扮演的更广泛角色的关注，以及散户兴趣持续回升的可能性，这可能会从长远来看改变市场动态。</blockquote></p><p> The broader stock marketsaw steep lossesthat deepened ahead of the closing bell, though the tech-led fall was blamed largely on a sharp jump in Treasury yields. The Dow Jones Industrial Average&nbsp;dropped nearly 560 points, or 1.8%. The S&amp;P 500&nbsp;fell 2.4%, while the Nasdaq Composite&nbsp;dropped 3.5%.</p><p><blockquote>尽管科技股主导的下跌主要归咎于美国国债收益率的大幅上涨，但大盘跌幅在收盘前进一步加深。道琼斯工业平均指数下跌近560点，跌幅1.8%。标普500下跌2.4%，纳斯达克综合指数下跌3.5%。</blockquote></p><p> Some market watchers, however, saw a possible but not clear-cut link between the GameStop activity and the selloff.</p><p><blockquote>然而，一些市场观察人士认为，游戏驿站活动与抛售之间可能存在但不明确的联系。</blockquote></p><p> GameStop might still be a popular short among some hedge funds, said Thomas Lee, managing partner and head of research at Fundstrat Global Advisors, in a Thursday note. That could be fostering a repeat of the late-January “degrossing” episode, in which hedge funds sold assets in order to reduce leverage, in keeping with “value-at-risk” models.</p><p><blockquote>Fundstrat Global Advisors管理合伙人兼研究主管Thomas Lee在周四的一份报告中表示，游戏驿站可能仍然是一些对冲基金中受欢迎的空头。这可能会助长1月下旬“去毛利化”事件的重演，当时对冲基金出售资产以降低杠杆率，符合“风险价值”模型。</blockquote></p><p> Meanwhile, other market watchers questioned how much fuel existed for for a repeat short squeeze, noting a sharp fall in short interest and expectations that remaining shorts are more adequately hedged against sharp moves.</p><p><blockquote>与此同时，其他市场观察人士质疑重复轧空的燃料有多少，他们指出空头兴趣急剧下降，并且预计剩余空头可以更充分地对冲大幅波动。</blockquote></p><p> Short interest in GameStop had reached 140% in January, but has since fallen back closer to 30%, noted Edward Moya, senior market analyst at brokerage Oanda, in a note, observing that professional investors likely also see an opportunity near options expiration dates following last month’s action.</p><p><blockquote>经纪公司Oanda的高级市场分析师Edward Moya在一份报告中指出，游戏驿站的空头兴趣在1月份达到140%，但此后回落至接近30%，并指出专业投资者也可能在期权到期日附近看到机会继上个月的行动之后。</blockquote></p><p></p><p> “One thing is clear, the institutional money behind this move found options expiration as a pivotal opportunity that will make it easier for market disruptions,” Moya wrote. “The violent price swings might remain elevated around options expirations for the Reddit-WallStreetBets crowd.”</p><p><blockquote>莫亚写道：“有一点是明确的，这一举措背后的机构资金发现期权到期是一个关键机会，这将使市场更容易受到干扰。”“对于Reddit-WallStreetBets人群来说，期权到期前后的剧烈价格波动可能会继续加剧。”</blockquote></p><p></p>","source":"market_watch","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 Round 2? How an options-buying frenzy is providing another jolt to meme stocks<blockquote>游戏驿站第二轮？期权购买狂潮如何给模因股票带来另一次冲击</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 Round 2? How an options-buying frenzy is providing another jolt to meme stocks<blockquote>游戏驿站第二轮？期权购买狂潮如何给模因股票带来另一次冲击</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-02-26 11:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s not just individual investors participating in latest squeeze, observers say</p><p><blockquote>观察人士称，参与最新挤压的不仅仅是个人投资者</blockquote></p><p> Another options-fueled buying frenzy appeared to be sending shares of GameStop Corp. and other “meme” stocks soaring on Thursday. But unlike last month’s market-rattling move, it wasn’t clear that individual investors were the primary driver.</p><p><blockquote>另一场由期权引发的购买狂潮似乎导致游戏驿站公司和其他“模因”股票的股价周四飙升。但与上个月令市场不安的举动不同，目前尚不清楚个人投资者是否是主要驱动力。</blockquote></p><p> The primary mechanism, however, appeared largely the same.</p><p><blockquote>然而，主要机制似乎基本相同。</blockquote></p><p> A surge in purchases of GameStop call options, centered on those with a strike price of $60 and due to expire at the end of the week, was seen late Wednesday afternoon, said Gust Kepler, chief executive of BlackBoxStocks, a stock-and-options analytics and social platform. That triggered an alert sent by BlackBoxStocks at 3:27 p.m. Eastern, he said. Another alert was triggered early Thursday by heavy interest in calls with a $125 strike price.</p><p><blockquote>股票和期权公司BlackBoxStocks首席执行官Gust Kepler表示，周三下午晚些时候，游戏驿站·看涨期权期权的购买量激增，主要是执行价为60美元、将于本周末到期的期权。分析和社交平台。这触发了BlackBoxStocks在下午3点27分发送的警报。东方，他说。周四早些时候，由于对评级的浓厚兴趣，执行价为125美元，引发了另一个警报。</blockquote></p><p> The company tracks options buying activity, with an eye toward large institutional buyers. Concerted activity by individual investors can also be picked up as brokers, which are part of the institutional universe, move to fill orders. The recent activity appeared to likely be a combination of big, professional players as well as individual buyers, Kepler said, in an interview.</p><p><blockquote>该公司跟踪期权购买活动，关注大型机构买家。随着作为机构世界一部分的经纪商开始履行订单，个人投资者的一致活动也可能被发现。开普勒在接受采访时表示，最近的活动似乎可能是大型专业参与者和个人买家的结合。</blockquote></p><p> <b>‘Gamma squeeze’</b></p><p><blockquote><b>“伽马挤压”</b></blockquote></p><p> A call option is a financial instrument that gives the holder the right, but not the obligation, to buy the underlying security at a set price, known as the strike price, by a certain date. By buying far “out of the money” calls, which have a strike price well above the stock’s present level, investors are betting that a surge in the stock price will net them a healthy profit.</p><p><blockquote>看涨期权期权是一种金融工具，赋予持有人在特定日期之前以设定价格（称为执行价格）购买标的证券的权利，但没有义务。通过购买执行价格远高于该股目前水平的“价外”评级，投资者押注股价飙升将为他们带来可观的利润。</blockquote></p><p> Buying far out of the money calls is usually a losing proposition, analysts noted, and a surge in interest can make the strategy more expensive as premiums rise in response to demand.</p><p><blockquote>分析师指出，远超本钱买入评级通常是一个失败的提议，随着溢价因需求而上升，兴趣激增可能会使该策略变得更加昂贵。</blockquote></p><p> But the options buying can, under certain circumstances, create conditions in which a price rally feeds on itself. Known as a “gamma squeeze,” this occurs when the sellers of the call options, in order to hedge their positions, buy the underlying stock. As the price of the stock rises, they need to buy more to maintain their hedge, creating the feedback loop.</p><p><blockquote>但在某些情况下，期权购买可以创造价格上涨的条件。这种情况被称为“伽马挤压”，当看涨期权期权的卖方为了对冲其头寸而购买标的股票时就会发生。随着股票价格上涨，他们需要购买更多来维持对冲，从而形成反馈循环。</blockquote></p><p> GameStop&nbsp;shares soared in late afternoon trade Wednesday, prompting trading halts before it&nbsp;ended with a gain of 104%.Nearly 65 million shares changed hands, with volume surging as the closing bell neared, compared with a recent average daily volume of 14.7 million shares. GameStop shares&nbsp;popped as much as 85% at Thursday’s opening bell. Gains were trimmed by the close, but it still finished at $108.73, up more than 18%.</p><p><blockquote>周三下午晚些时候，游戏驿站股价飙升，导致交易暂停，最终上涨104%。近6500万股易手，临近收盘时成交量激增，而近期日均成交量为1470万股。周四开盘时，游戏驿站股价飙升85%。收盘时涨幅有所收窄，但仍收于108.73美元，涨幅超过18%。</blockquote></p><p> <b>Where are the shorts?</b></p><p><blockquote><b>短裤在哪里？</b></blockquote></p><p> GameStop, which ended last year near $17 a share, soared as high as $483 in late January as concerted buying efforts initiated by individual investors on Reddit’s WallStreetBets forum contributed to a short squeeze, forcing traders who had bet on falling stock prices to cover their positions, adding to the buying frenzy.</p><p><blockquote>游戏驿站去年收盘价接近每股17美元，1月下旬飙升至483美元，原因是个人投资者在Reddit的WallStreetBets论坛上发起的一致买入努力导致了空头挤压，迫使押注股价下跌的交易员回补头寸，加剧了购买狂潮。</blockquote></p><p> GameStop shares subsequently fell back, trading below $40 a share last week. The late-January episode briefly rattled financial markets, triggered investigations and brought additional scrutiny, including a high-profile congressional hearing, on online brokers, market makers, and other players.</p><p><blockquote>游戏驿站股价随后回落，上周交易价格低于每股40美元。1月下旬的事件短暂扰乱了金融市场，引发了调查，并带来了对在线经纪商、做市商和其他参与者的额外审查，包括备受瞩目的国会听证会。</blockquote></p><p> It’s also brought attention to the broader role individual investors are playing and the possibility of a sustained pickup in retail interest that could alter market dynamics over the long run.</p><p><blockquote>它还引起了人们对个人投资者所扮演的更广泛角色的关注，以及散户兴趣持续回升的可能性，这可能会从长远来看改变市场动态。</blockquote></p><p> The broader stock marketsaw steep lossesthat deepened ahead of the closing bell, though the tech-led fall was blamed largely on a sharp jump in Treasury yields. The Dow Jones Industrial Average&nbsp;dropped nearly 560 points, or 1.8%. The S&amp;P 500&nbsp;fell 2.4%, while the Nasdaq Composite&nbsp;dropped 3.5%.</p><p><blockquote>尽管科技股主导的下跌主要归咎于美国国债收益率的大幅上涨，但大盘跌幅在收盘前进一步加深。道琼斯工业平均指数下跌近560点，跌幅1.8%。标普500下跌2.4%，纳斯达克综合指数下跌3.5%。</blockquote></p><p> Some market watchers, however, saw a possible but not clear-cut link between the GameStop activity and the selloff.</p><p><blockquote>然而，一些市场观察人士认为，游戏驿站活动与抛售之间可能存在但不明确的联系。</blockquote></p><p> GameStop might still be a popular short among some hedge funds, said Thomas Lee, managing partner and head of research at Fundstrat Global Advisors, in a Thursday note. That could be fostering a repeat of the late-January “degrossing” episode, in which hedge funds sold assets in order to reduce leverage, in keeping with “value-at-risk” models.</p><p><blockquote>Fundstrat Global Advisors管理合伙人兼研究主管Thomas Lee在周四的一份报告中表示，游戏驿站可能仍然是一些对冲基金中受欢迎的空头。这可能会助长1月下旬“去毛利化”事件的重演，当时对冲基金出售资产以降低杠杆率，符合“风险价值”模型。</blockquote></p><p> Meanwhile, other market watchers questioned how much fuel existed for for a repeat short squeeze, noting a sharp fall in short interest and expectations that remaining shorts are more adequately hedged against sharp moves.</p><p><blockquote>与此同时，其他市场观察人士质疑重复轧空的燃料有多少，他们指出空头兴趣急剧下降，并且预计剩余空头可以更充分地对冲大幅波动。</blockquote></p><p> Short interest in GameStop had reached 140% in January, but has since fallen back closer to 30%, noted Edward Moya, senior market analyst at brokerage Oanda, in a note, observing that professional investors likely also see an opportunity near options expiration dates following last month’s action.</p><p><blockquote>经纪公司Oanda的高级市场分析师Edward Moya在一份报告中指出，游戏驿站的空头兴趣在1月份达到140%，但此后回落至接近30%，并指出专业投资者也可能在期权到期日附近看到机会继上个月的行动之后。</blockquote></p><p></p><p> “One thing is clear, the institutional money behind this move found options expiration as a pivotal opportunity that will make it easier for market disruptions,” Moya wrote. “The violent price swings might remain elevated around options expirations for the Reddit-WallStreetBets crowd.”</p><p><blockquote>莫亚写道：“有一点是明确的，这一举措背后的机构资金发现期权到期是一个关键机会，这将使市场更容易受到干扰。”“对于Reddit-WallStreetBets人群来说，期权到期前后的剧烈价格波动可能会继续加剧。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/gamestop-round-2-how-an-options-buying-frenzy-is-providing-another-jolt-to-meme-stocks-11614277287?mod=home-page\">MarketWatch</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","KOSS":"高斯电子","GME":"游戏驿站",".DJI":"道琼斯","BB":"黑莓",".SPX":"S&P 500 Index","AMC":"AMC院线"},"source_url":"https://www.marketwatch.com/story/gamestop-round-2-how-an-options-buying-frenzy-is-providing-another-jolt-to-meme-stocks-11614277287?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1120523685","content_text":"It’s not just individual investors participating in latest squeeze, observers say\nAnother options-fueled buying frenzy appeared to be sending shares of GameStop Corp. and other “meme” stocks soaring on Thursday. But unlike last month’s market-rattling move, it wasn’t clear that individual investors were the primary driver.\nThe primary mechanism, however, appeared largely the same.\nA surge in purchases of GameStop call options, centered on those with a strike price of $60 and due to expire at the end of the week, was seen late Wednesday afternoon, said Gust Kepler, chief executive of BlackBoxStocks, a stock-and-options analytics and social platform. That triggered an alert sent by BlackBoxStocks at 3:27 p.m. Eastern, he said. Another alert was triggered early Thursday by heavy interest in calls with a $125 strike price.\nThe company tracks options buying activity, with an eye toward large institutional buyers. Concerted activity by individual investors can also be picked up as brokers, which are part of the institutional universe, move to fill orders. The recent activity appeared to likely be a combination of big, professional players as well as individual buyers, Kepler said, in an interview.\n‘Gamma squeeze’\nA call option is a financial instrument that gives the holder the right, but not the obligation, to buy the underlying security at a set price, known as the strike price, by a certain date. By buying far “out of the money” calls, which have a strike price well above the stock’s present level, investors are betting that a surge in the stock price will net them a healthy profit.\nBuying far out of the money calls is usually a losing proposition, analysts noted, and a surge in interest can make the strategy more expensive as premiums rise in response to demand.\nBut the options buying can, under certain circumstances, create conditions in which a price rally feeds on itself. Known as a “gamma squeeze,” this occurs when the sellers of the call options, in order to hedge their positions, buy the underlying stock. As the price of the stock rises, they need to buy more to maintain their hedge, creating the feedback loop.\nGameStop shares soared in late afternoon trade Wednesday, prompting trading halts before it ended with a gain of 104%.Nearly 65 million shares changed hands, with volume surging as the closing bell neared, compared with a recent average daily volume of 14.7 million shares. GameStop shares popped as much as 85% at Thursday’s opening bell. Gains were trimmed by the close, but it still finished at $108.73, up more than 18%.\nWhere are the shorts?\nGameStop, which ended last year near $17 a share, soared as high as $483 in late January as concerted buying efforts initiated by individual investors on Reddit’s WallStreetBets forum contributed to a short squeeze, forcing traders who had bet on falling stock prices to cover their positions, adding to the buying frenzy.\nGameStop shares subsequently fell back, trading below $40 a share last week. The late-January episode briefly rattled financial markets, triggered investigations and brought additional scrutiny, including a high-profile congressional hearing, on online brokers, market makers, and other players.\nIt’s also brought attention to the broader role individual investors are playing and the possibility of a sustained pickup in retail interest that could alter market dynamics over the long run.\nThe broader stock marketsaw steep lossesthat deepened ahead of the closing bell, though the tech-led fall was blamed largely on a sharp jump in Treasury yields. The Dow Jones Industrial Average dropped nearly 560 points, or 1.8%. The S&P 500 fell 2.4%, while the Nasdaq Composite dropped 3.5%.\nSome market watchers, however, saw a possible but not clear-cut link between the GameStop activity and the selloff.\nGameStop might still be a popular short among some hedge funds, said Thomas Lee, managing partner and head of research at Fundstrat Global Advisors, in a Thursday note. That could be fostering a repeat of the late-January “degrossing” episode, in which hedge funds sold assets in order to reduce leverage, in keeping with “value-at-risk” models.\nMeanwhile, other market watchers questioned how much fuel existed for for a repeat short squeeze, noting a sharp fall in short interest and expectations that remaining shorts are more adequately hedged against sharp moves.\nShort interest in GameStop had reached 140% in January, but has since fallen back closer to 30%, noted Edward Moya, senior market analyst at brokerage Oanda, in a note, observing that professional investors likely also see an opportunity near options expiration dates following last month’s action.\n“One thing is clear, the institutional money behind this move found options expiration as a pivotal opportunity that will make it easier for market disruptions,” Moya wrote. “The violent price swings might remain elevated around options expirations for the Reddit-WallStreetBets crowd.”","news_type":1,"symbols_score_info":{".DJI":0.9,"BB":0.9,"KOSS":0.9,".SPX":0.9,"AMC":0.9,"GME":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":378,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128285818,"gmtCreate":1624518805134,"gmtModify":1634004945556,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/128285818","repostId":"1129922076","repostType":4,"repost":{"id":"1129922076","kind":"news","pubTimestamp":1624518429,"share":"https://www.laohu8.com/m/news/1129922076?lang=zh_CN&edition=full","pubTime":"2021-06-24 15:07","market":"us","language":"en","title":"Microsoft Tops $2 Trillion Market Cap: Where to From Here?<blockquote>微软市值突破2万亿美元：何去何从？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129922076","media":"The Street","summary":"Microsoft recently hit new all-time highs and eclipsed the $2 trillion valuation mark. Where can it ","content":"<p>  <b>Microsoft recently hit new all-time highs and eclipsed the $2 trillion valuation mark. Where can it go from here?</b>  Microsoft&nbsp;(<b>MSFT</b>) -Get Report&nbsp;topped a $2 trillion market cap&nbsp;on Tuesday, joining Apple&nbsp;(<b>AAPL</b>) -Get Report&nbsp;as the other U.S. company to hold such a value.</p><p><blockquote><b>微软最近创下历史新高，估值突破2万亿美元大关。它能从这里走向何方？</b>微软(<b>MSFT</b>)-Get Report周二市值突破2万亿美元，加入苹果(<b>AAPL</b>）-作为持有此类价值的其他美国公司获取报告。</blockquote></p><p> Even though it’s trading better lately, Apple has been consolidating for the better part ofthree calendar quarters now, while Microsoft has slowly but surely continued to grind to new highs.</p><p><blockquote>尽管最近的交易情况有所好转，但苹果在三个日历季度的大部分时间里一直在盘整，而微软则缓慢但肯定地继续创下新高。</blockquote></p><p> That’s been a divide in FAANG over the last six months or so.</p><p><blockquote>在过去六个月左右的时间里，这是FAANG的一个分歧。</blockquote></p><p> Some FAANG components have been trading well, hitting new all-time highs in the process. On the flip side, others, like Apple and Amazon&nbsp;(<b>AMZN</b>) -Get Report&nbsp;havebeen biding their time.</p><p><blockquote>一些FAANG成分股交易良好，在此过程中创下历史新高。另一方面，其他公司，如苹果和亚马逊（<b>AMZN</b>）-获取报告一直在等待时机。</blockquote></p><p> While Microsoft may not be included in FAANG, it might as well be given its size. The question now: Where does it go from here?</p><p><blockquote>虽然微软可能不包括在FAANG中，但考虑到它的规模，它也可以。现在的问题是：它将何去何从？</blockquote></p><p> After hitting its $2 trillion market cap, Microsoft received aprice target boost to $325from Wedbush analysts.</p><p><blockquote>在市值达到2万亿美元后，Wedbush分析师将微软的目标股价上调至325美元。</blockquote></p><p> The company has its Windows event coming up on Thursday and earnings in about a month. Those may be potential catalysts. With that, let’s look at the charts.</p><p><blockquote>该公司将于周四举行Windows活动，大约一个月后公布财报。这些可能是潜在的催化剂。接下来，让我们看看图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/89280ddeb0913bb4d7ebf1f51bfd437a\" tg-width=\"700\" tg-height=\"429\"></p><p><blockquote></blockquote></p><p> <i>Daily chart of Microsoft stock.&nbsp;</i><i>Chart courtesy of TrendSpider.com</i></p><p><blockquote><i>微软股票日线图。</i><i>图表由TrendSpider.com提供</i></blockquote></p><p> I love the way Microsoft has been trading. All year long, we’ve seen these big rallies gently top out, then give us a sharp yet mild correction into support.</p><p><blockquote>我喜欢微软的交易方式。一整年来，我们看到这些大幅反弹逐渐见顶，然后给我们带来急剧而温和的修正，进入支撑位。</blockquote></p><p> Those support levels have varied throughout 2021, but have generally been a combination of the 50-day and 21-week moving averages.</p><p><blockquote>这些支撑位在2021年全年各不相同，但通常是50天和21周移动平均线的组合。</blockquote></p><p> Most recently in May and June, the 21-week moving average was strong support, generating significant rebounds on three different occasions. The last bounce was enough to propel Microsoft to new all-time highs.</p><p><blockquote>最近在5月和6月，21周移动平均线是强有力的支撑，在三个不同的场合产生了显着的反弹。最后一次反弹足以将微软推向历史新高。</blockquote></p><p> That’s after the stock cleared $263.19. From here, I would love to see Microsoft find support between $260 and $263.20, as well as from the 10-day moving average. If it does find these areas as support, dips to these measures could be short-term buying opportunities.</p><p><blockquote>那是在该股突破263.19美元之后。从这里开始，我希望看到微软在260美元至263.20美元以及10日移动平均线之间找到支撑。如果它确实找到这些区域作为支撑，那么这些指标的下跌可能是短期买入机会。</blockquote></p><p> A break of these measures could put the 21-day moving average in play, followed by the 50-day.</p><p><blockquote>这些指标的突破可能会使21日移动平均线发挥作用，随后是50日移动平均线。</blockquote></p><p> Perhaps the company’s Windows event won’t be enough of a catalyst (given the leaks), but we could get a pre-earnings rally up to more news highs. For longer-term targets, I have my eye on the $278 to $285 range, which is where several key extensions come into play.</p><p><blockquote>也许该公司的Windows活动不足以成为催化剂（考虑到泄密事件），但我们可以在财报前反弹至更多新闻高点。对于长期目标，我着眼于278美元至285美元的范围，这是几个关键扩展发挥作用的地方。</blockquote></p><p></p>","source":"lsy1610613172068","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>Microsoft Tops $2 Trillion Market Cap: Where to From Here?<blockquote>微软市值突破2万亿美元：何去何从？</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\">\nMicrosoft Tops $2 Trillion Market Cap: Where to From Here?<blockquote>微软市值突破2万亿美元：何去何从？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-06-24 15:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Microsoft recently hit new all-time highs and eclipsed the $2 trillion valuation mark. Where can it go from here?</b>  Microsoft&nbsp;(<b>MSFT</b>) -Get Report&nbsp;topped a $2 trillion market cap&nbsp;on Tuesday, joining Apple&nbsp;(<b>AAPL</b>) -Get Report&nbsp;as the other U.S. company to hold such a value.</p><p><blockquote><b>微软最近创下历史新高，估值突破2万亿美元大关。它能从这里走向何方？</b>微软(<b>MSFT</b>)-Get Report周二市值突破2万亿美元，加入苹果(<b>AAPL</b>）-作为持有此类价值的其他美国公司获取报告。</blockquote></p><p> Even though it’s trading better lately, Apple has been consolidating for the better part ofthree calendar quarters now, while Microsoft has slowly but surely continued to grind to new highs.</p><p><blockquote>尽管最近的交易情况有所好转，但苹果在三个日历季度的大部分时间里一直在盘整，而微软则缓慢但肯定地继续创下新高。</blockquote></p><p> That’s been a divide in FAANG over the last six months or so.</p><p><blockquote>在过去六个月左右的时间里，这是FAANG的一个分歧。</blockquote></p><p> Some FAANG components have been trading well, hitting new all-time highs in the process. On the flip side, others, like Apple and Amazon&nbsp;(<b>AMZN</b>) -Get Report&nbsp;havebeen biding their time.</p><p><blockquote>一些FAANG成分股交易良好，在此过程中创下历史新高。另一方面，其他公司，如苹果和亚马逊（<b>AMZN</b>）-获取报告一直在等待时机。</blockquote></p><p> While Microsoft may not be included in FAANG, it might as well be given its size. The question now: Where does it go from here?</p><p><blockquote>虽然微软可能不包括在FAANG中，但考虑到它的规模，它也可以。现在的问题是：它将何去何从？</blockquote></p><p> After hitting its $2 trillion market cap, Microsoft received aprice target boost to $325from Wedbush analysts.</p><p><blockquote>在市值达到2万亿美元后，Wedbush分析师将微软的目标股价上调至325美元。</blockquote></p><p> The company has its Windows event coming up on Thursday and earnings in about a month. Those may be potential catalysts. With that, let’s look at the charts.</p><p><blockquote>该公司将于周四举行Windows活动，大约一个月后公布财报。这些可能是潜在的催化剂。接下来，让我们看看图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/89280ddeb0913bb4d7ebf1f51bfd437a\" tg-width=\"700\" tg-height=\"429\"></p><p><blockquote></blockquote></p><p> <i>Daily chart of Microsoft stock.&nbsp;</i><i>Chart courtesy of TrendSpider.com</i></p><p><blockquote><i>微软股票日线图。</i><i>图表由TrendSpider.com提供</i></blockquote></p><p> I love the way Microsoft has been trading. All year long, we’ve seen these big rallies gently top out, then give us a sharp yet mild correction into support.</p><p><blockquote>我喜欢微软的交易方式。一整年来，我们看到这些大幅反弹逐渐见顶，然后给我们带来急剧而温和的修正，进入支撑位。</blockquote></p><p> Those support levels have varied throughout 2021, but have generally been a combination of the 50-day and 21-week moving averages.</p><p><blockquote>这些支撑位在2021年全年各不相同，但通常是50天和21周移动平均线的组合。</blockquote></p><p> Most recently in May and June, the 21-week moving average was strong support, generating significant rebounds on three different occasions. The last bounce was enough to propel Microsoft to new all-time highs.</p><p><blockquote>最近在5月和6月，21周移动平均线是强有力的支撑，在三个不同的场合产生了显着的反弹。最后一次反弹足以将微软推向历史新高。</blockquote></p><p> That’s after the stock cleared $263.19. From here, I would love to see Microsoft find support between $260 and $263.20, as well as from the 10-day moving average. If it does find these areas as support, dips to these measures could be short-term buying opportunities.</p><p><blockquote>那是在该股突破263.19美元之后。从这里开始，我希望看到微软在260美元至263.20美元以及10日移动平均线之间找到支撑。如果它确实找到这些区域作为支撑，那么这些指标的下跌可能是短期买入机会。</blockquote></p><p> A break of these measures could put the 21-day moving average in play, followed by the 50-day.</p><p><blockquote>这些指标的突破可能会使21日移动平均线发挥作用，随后是50日移动平均线。</blockquote></p><p> Perhaps the company’s Windows event won’t be enough of a catalyst (given the leaks), but we could get a pre-earnings rally up to more news highs. For longer-term targets, I have my eye on the $278 to $285 range, which is where several key extensions come into play.</p><p><blockquote>也许该公司的Windows活动不足以成为催化剂（考虑到泄密事件），但我们可以在财报前反弹至更多新闻高点。对于长期目标，我着眼于278美元至285美元的范围，这是几个关键扩展发挥作用的地方。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/microsoft-msft-stock-trading-2-million-market-cap\">The Street</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":{"MSFT":"微软"},"source_url":"https://www.thestreet.com/investing/microsoft-msft-stock-trading-2-million-market-cap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129922076","content_text":"Microsoft recently hit new all-time highs and eclipsed the $2 trillion valuation mark. Where can it go from here?\n\nMicrosoft (MSFT) -Get Report topped a $2 trillion market cap on Tuesday, joining Apple (AAPL) -Get Report as the other U.S. company to hold such a value.\nEven though it’s trading better lately, Apple has been consolidating for the better part ofthree calendar quarters now, while Microsoft has slowly but surely continued to grind to new highs.\nThat’s been a divide in FAANG over the last six months or so.\nSome FAANG components have been trading well, hitting new all-time highs in the process. On the flip side, others, like Apple and Amazon (AMZN) -Get Report havebeen biding their time.\nWhile Microsoft may not be included in FAANG, it might as well be given its size. The question now: Where does it go from here?\nAfter hitting its $2 trillion market cap, Microsoft received aprice target boost to $325from Wedbush analysts.\nThe company has its Windows event coming up on Thursday and earnings in about a month. Those may be potential catalysts. With that, let’s look at the charts.\n\nDaily chart of Microsoft stock. Chart courtesy of TrendSpider.com\nI love the way Microsoft has been trading. All year long, we’ve seen these big rallies gently top out, then give us a sharp yet mild correction into support.\nThose support levels have varied throughout 2021, but have generally been a combination of the 50-day and 21-week moving averages.\nMost recently in May and June, the 21-week moving average was strong support, generating significant rebounds on three different occasions. The last bounce was enough to propel Microsoft to new all-time highs.\nThat’s after the stock cleared $263.19. From here, I would love to see Microsoft find support between $260 and $263.20, as well as from the 10-day moving average. If it does find these areas as support, dips to these measures could be short-term buying opportunities.\nA break of these measures could put the 21-day moving average in play, followed by the 50-day.\nPerhaps the company’s Windows event won’t be enough of a catalyst (given the leaks), but we could get a pre-earnings rally up to more news highs. For longer-term targets, I have my eye on the $278 to $285 range, which is where several key extensions come into play.","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":2639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135298435,"gmtCreate":1622164098427,"gmtModify":1634183267051,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/135298435","repostId":"1148985369","repostType":4,"isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322139872,"gmtCreate":1615781115996,"gmtModify":1703492851187,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/322139872","repostId":"1108838813","repostType":4,"isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368635838,"gmtCreate":1614316092324,"gmtModify":1703476260069,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/368635838","repostId":"1171144271","repostType":4,"isVote":1,"tweetType":1,"viewCount":352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315842938,"gmtCreate":1612235676624,"gmtModify":1703759125249,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>go go go","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>go go go","text":"$AMC Entertainment(AMC)$go go go","images":[{"img":"https://static.tigerbbs.com/1e3a2bdfb8593b328de592c40ebb6930","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/315842938","isVote":1,"tweetType":1,"viewCount":2177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":165784002,"gmtCreate":1624157937206,"gmtModify":1634010094583,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/165784002","repostId":"1126454279","repostType":4,"isVote":1,"tweetType":1,"viewCount":1695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127635546,"gmtCreate":1624845743285,"gmtModify":1633948063017,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/127635546","repostId":"1174604007","repostType":4,"repost":{"id":"1174604007","kind":"news","pubTimestamp":1624843205,"share":"https://www.laohu8.com/m/news/1174604007?lang=zh_CN&edition=full","pubTime":"2021-06-28 09:20","market":"hk","language":"en","title":"Hong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消上午交易</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174604007","media":"Marketwatch","summary":"The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm","content":"<p>The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm alert.</p><p><blockquote>由于严重暴雨警报，香港交易所周一上午的交易时段已被取消。</blockquote></p><p> The suspension and potential cancellation also applies to Hong Kong-China stock connect trading, Hong Kong Exchanges and Clearing Ltd. said on Monday.</p><p><blockquote>香港交易及结算所有限公司周一表示，暂停和可能取消也适用于港股通交易。</blockquote></p><p> If the rainstorm alert is cancelled at or before noon, HKEX said it will resume trading for major products of its securities and derivatives markets in the afternoon.</p><p><blockquote>如果暴雨警告在中午或之前取消，港交所表示将于下午恢复旗下证券及衍生品市场主要产品的交易。</blockquote></p><p> If the alert remains at noon, all afternoon trading will be cancelled as well, it said.</p><p><blockquote>它说，如果警报持续到中午，所有下午的交易也将被取消。</blockquote></p><p></p>","source":"market_watch","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>Hong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消上午交易</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\">\nHong Kong Exchanges Cancels Morning Session Due to Rainstorm Warning<blockquote>香港交易所因暴雨警告取消上午交易</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-06-28 09:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm alert.</p><p><blockquote>由于严重暴雨警报，香港交易所周一上午的交易时段已被取消。</blockquote></p><p> The suspension and potential cancellation also applies to Hong Kong-China stock connect trading, Hong Kong Exchanges and Clearing Ltd. said on Monday.</p><p><blockquote>香港交易及结算所有限公司周一表示，暂停和可能取消也适用于港股通交易。</blockquote></p><p> If the rainstorm alert is cancelled at or before noon, HKEX said it will resume trading for major products of its securities and derivatives markets in the afternoon.</p><p><blockquote>如果暴雨警告在中午或之前取消，港交所表示将于下午恢复旗下证券及衍生品市场主要产品的交易。</blockquote></p><p> If the alert remains at noon, all afternoon trading will be cancelled as well, it said.</p><p><blockquote>它说，如果警报持续到中午，所有下午的交易也将被取消。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/hong-kong-delays-morning-session-due-to-rainstorm-warning-271624842516\">Marketwatch</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":{"HSI":"恒生指数"},"source_url":"https://www.marketwatch.com/story/hong-kong-delays-morning-session-due-to-rainstorm-warning-271624842516","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1174604007","content_text":"The Hong Kong exchange's Monday morning trading session has been cancelled due to a severe rainstorm alert.\nThe suspension and potential cancellation also applies to Hong Kong-China stock connect trading, Hong Kong Exchanges and Clearing Ltd. said on Monday.\nIf the rainstorm alert is cancelled at or before noon, HKEX said it will resume trading for major products of its securities and derivatives markets in the afternoon.\nIf the alert remains at noon, all afternoon trading will be cancelled as well, it said.","news_type":1,"symbols_score_info":{"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":1747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108410821,"gmtCreate":1620048890263,"gmtModify":1634208251708,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/108410821","repostId":"1135819410","repostType":4,"repost":{"id":"1135819410","kind":"news","pubTimestamp":1619999342,"share":"https://www.laohu8.com/m/news/1135819410?lang=zh_CN&edition=full","pubTime":"2021-05-03 07:49","market":"us","language":"en","title":"Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、ViacomCBS、General Motors等本周值得投资者关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135819410","media":"Barrons","summary":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their fi","content":"<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p><blockquote>又是财报密集的一周，130家标普500公司即将发布第一季度业绩。雅诗兰黛是周一的亮点之一，周二情况有所好转：动视暴雪、CVS Health、杜邦、辉瑞和T-Mobile US均报告。</blockquote></p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><blockquote>周三，Barrick Gold、Booking Holdings、General Motors、PayPal控股和Uber Technologies将发布财报。百威英博、Moderna、再生元制药、Square和ViacomCBS将于周四发布。最后，Cigna将于周五结束这一周。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p><blockquote></blockquote></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p><blockquote>在本周的经济日历上，主要事件将是周五的就业。美国劳工统计局预计将报告4月份非农就业人数增加97.5万人，失业率为5.8%，低于一个月前的6%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p><blockquote>本周公布的其他数据包括供应管理协会周一公布的4月份制造业采购经理人指数和周三公布的服务业采购经理人指数。</blockquote></p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p><blockquote>企业产品合作伙伴和雅诗兰黛发布收益。</blockquote></p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><blockquote>默克和Public Storage举办虚拟投资者日。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><blockquote><b>人口普查局</b>报告三月份建筑支出数据。市场普遍预计建筑支出环比增长0.6%，经季节调整后的年率为1.53万亿美元。</blockquote></p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><blockquote><b>供应研究所</b>管理层发布四月份制造业采购经理人指数。经济学家预测为65，与3月份的数据大致持平。3月份的读数是该指数自1983年12月以来的最高值。</blockquote></p><p><b>Tuesday 5/4</b></p><p><blockquote><b>星期二5/4</b></blockquote></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p><blockquote>动视暴雪、康菲石油公司、康明斯、CVS Health、Dominion Energy、杜邦、伊顿、辉瑞、Sysco和T-Mobile US报告季度业绩。</blockquote></p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p><blockquote>礼来公司召开电话会议讨论其可持续发展计划。</blockquote></p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><blockquote>联合太平洋公司举办2021年虚拟投资者日。</blockquote></p><p><b>Wednesday 5/5</b></p><p><blockquote><b>星期三5/5</b></blockquote></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><blockquote>Barrick Gold、Booking Holdings、BorgWarner、Emerson Electric、General Motors、Hilton Worldwide Holdings、Novo Nordisk、PayPal控股和Uber Technologies发布财报。</blockquote></p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><blockquote><b>ADP释放</b>四月份全国就业报告。继3月份增加517,000个工作岗位后，预计私营部门就业岗位将增加762,500个。</blockquote></p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><blockquote><b>ISM版本</b>4月份服务业PMI。普遍的看涨期权为64.6，比3月份的数据高出一个百分点。3月份的读数是该指数的历史新高。</blockquote></p><p><b>Thursday 5/6</b></p><p><blockquote><b>星期四5/6</b></blockquote></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><blockquote>百威英博、Becton Dickinson、Expedia Group、富达国家信息服务公司、家乐氏、林德、大都会人寿、Moderna、再生元制药、Square、ViacomCBS和Zoetishold在评级召开会议讨论季度业绩。</blockquote></p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><blockquote><b>劳工部</b>报告截至5月1日当周首次申请失业救济人数。4月份平均每周初请失业金人数为611,750人，处于去年3月以来的最低水平。</blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><blockquote><b>劳工局</b>统计数据报告了第一季度的劳动力成本和生产率。预计经季节调整后的生产率年增长率为2.2%，而2020年第四季度为下降4.2%。单位劳动力成本在此前上涨6%后预计将下降0.4%。</blockquote></p><p><b>Friday 5/7</b></p><p><blockquote><b>星期五5/7</b></blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p><blockquote><b>劳工局</b>统计局发布四月份就业报告。经济学家预测非农就业人数将增加975,000人。失业率预计将从6%小幅降至5.8%。</blockquote></p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</p><p><blockquote>信诺和<b>自由媒体</b>报告收益。</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>Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、ViacomCBS、General Motors等本周值得投资者关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、ViacomCBS、General Motors等本周值得投资者关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-05-03 07:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p><blockquote>又是财报密集的一周，130家标普500公司即将发布第一季度业绩。雅诗兰黛是周一的亮点之一，周二情况有所好转：动视暴雪、CVS Health、杜邦、辉瑞和T-Mobile US均报告。</blockquote></p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><blockquote>周三，Barrick Gold、Booking Holdings、General Motors、PayPal控股和Uber Technologies将发布财报。百威英博、Moderna、再生元制药、Square和ViacomCBS将于周四发布。最后，Cigna将于周五结束这一周。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p><blockquote></blockquote></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p><blockquote>在本周的经济日历上，主要事件将是周五的就业。美国劳工统计局预计将报告4月份非农就业人数增加97.5万人，失业率为5.8%，低于一个月前的6%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p><blockquote>本周公布的其他数据包括供应管理协会周一公布的4月份制造业采购经理人指数和周三公布的服务业采购经理人指数。</blockquote></p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p><blockquote>企业产品合作伙伴和雅诗兰黛发布收益。</blockquote></p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><blockquote>默克和Public Storage举办虚拟投资者日。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><blockquote><b>人口普查局</b>报告三月份建筑支出数据。市场普遍预计建筑支出环比增长0.6%，经季节调整后的年率为1.53万亿美元。</blockquote></p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><blockquote><b>供应研究所</b>管理层发布四月份制造业采购经理人指数。经济学家预测为65，与3月份的数据大致持平。3月份的读数是该指数自1983年12月以来的最高值。</blockquote></p><p><b>Tuesday 5/4</b></p><p><blockquote><b>星期二5/4</b></blockquote></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p><blockquote>动视暴雪、康菲石油公司、康明斯、CVS Health、Dominion Energy、杜邦、伊顿、辉瑞、Sysco和T-Mobile US报告季度业绩。</blockquote></p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p><blockquote>礼来公司召开电话会议讨论其可持续发展计划。</blockquote></p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><blockquote>联合太平洋公司举办2021年虚拟投资者日。</blockquote></p><p><b>Wednesday 5/5</b></p><p><blockquote><b>星期三5/5</b></blockquote></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><blockquote>Barrick Gold、Booking Holdings、BorgWarner、Emerson Electric、General Motors、Hilton Worldwide Holdings、Novo Nordisk、PayPal控股和Uber Technologies发布财报。</blockquote></p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><blockquote><b>ADP释放</b>四月份全国就业报告。继3月份增加517,000个工作岗位后，预计私营部门就业岗位将增加762,500个。</blockquote></p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><blockquote><b>ISM版本</b>4月份服务业PMI。普遍的看涨期权为64.6，比3月份的数据高出一个百分点。3月份的读数是该指数的历史新高。</blockquote></p><p><b>Thursday 5/6</b></p><p><blockquote><b>星期四5/6</b></blockquote></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><blockquote>百威英博、Becton Dickinson、Expedia Group、富达国家信息服务公司、家乐氏、林德、大都会人寿、Moderna、再生元制药、Square、ViacomCBS和Zoetishold在评级召开会议讨论季度业绩。</blockquote></p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><blockquote><b>劳工部</b>报告截至5月1日当周首次申请失业救济人数。4月份平均每周初请失业金人数为611,750人，处于去年3月以来的最低水平。</blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><blockquote><b>劳工局</b>统计数据报告了第一季度的劳动力成本和生产率。预计经季节调整后的生产率年增长率为2.2%，而2020年第四季度为下降4.2%。单位劳动力成本在此前上涨6%后预计将下降0.4%。</blockquote></p><p><b>Friday 5/7</b></p><p><blockquote><b>星期五5/7</b></blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p><blockquote><b>劳工局</b>统计局发布四月份就业报告。经济学家预测非农就业人数将增加975,000人。失业率预计将从6%小幅降至5.8%。</blockquote></p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</p><p><blockquote>信诺和<b>自由媒体</b>报告收益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2\">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":{".DJI":"道琼斯","UBER":"优步","PYPL":"PayPal",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","GM":"通用汽车","PFE":"辉瑞","TMUS":"T-Mobile US Inc"},"source_url":"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135819410","content_text":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its Services equivalent on Wednesday.Enterprise Products Partners and Estée Lauder release earnings.Merck and Public Storage hold virtual investor days.The Census Bureau reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.The Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.Tuesday 5/4Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.Eli Lilly holds a conference call to discuss its sustainability initiatives.Union Pacific holds its 2021 virtual investor day.Wednesday 5/5Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.ADP releases its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.ISM releases its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.Thursday 5/6Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.The Department of Labor reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.The Bureau of Labor Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.Friday 5/7The Bureau of Labor Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.Cigna and Liberty Media report earnings.","news_type":1,"symbols_score_info":{"TMUS":0.9,"VIACP":0.9,"UBER":0.9,"PFE":0.9,"PYPL":0.9,"GM":0.9,".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320736522,"gmtCreate":1615175632566,"gmtModify":1703485215387,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/320736522","repostId":"1152787682","repostType":4,"repost":{"id":"1152787682","kind":"news","pubTimestamp":1615173556,"share":"https://www.laohu8.com/m/news/1152787682?lang=zh_CN&edition=full","pubTime":"2021-03-08 11:19","market":"us","language":"en","title":"PIMCO Rings The Alarm Over China's Sliding Credit Impulse<blockquote>太平洋投资管理公司对中国信贷冲动下滑敲响警钟</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1152787682","media":"zerohedge","summary":"Three months afterZero Hedge subscriberswere first made aware of the biggest risk for the global eco","content":"<p>Three months afterZero Hedge subscriberswere first made aware of the biggest risk for the global economy, Pimco has finally caught up and is ringing the alarm as noted in the latest observations from Bloomberg macro commentator Ye Xie titled \"<i><b>Pimco Warns of Risks From Beijing’s Credit Curtail.\"</b></i></p><p><blockquote>在零对冲订阅者首次意识到全球经济面临的最大风险三个月后，太平洋投资管理公司终于迎头赶上并敲响了警钟，正如彭博宏观评论员叶燮在题为“<i><b>太平洋投资管理公司警告北京信贷紧缩带来的风险。”</b></i></blockquote></p><p> <b>1. Beijing sounds less sanguine about 2021.</b></p><p><blockquote><b>1.北京对2021年听起来不那么乐观。</b></blockquote></p><p> The government set the&nbsp;growth target&nbsp;this year at “above 6%,” well below economists’ forecasts of 8%. A 6% year-on-year GDP expansion implies zero growth from Q4 2020. Meanwhile, the budget deficit is pegged at 3.2% of GDP, lower than the record 3.6% last year, but higher than the 3% consensus. Taken together, the government seems less upbeat than most economists.</p><p><blockquote>政府将今年的增长目标定为“6%以上”，远低于经济学家预测的8%。GDP同比增长6%意味着从2020年第四季度开始零增长。与此同时，预算赤字占GDP的3.2%，低于去年创纪录的3.6%，但高于3%的共识。总的来说，政府似乎没有大多数经济学家乐观。</blockquote></p><p> Granted, 6% is the floor, not the ceiling for growth. Beijing may have intentionally set a low bar this year so that it could target a similar growth rate in 2022 to project the image of stability. The economy may turn out to be stronger.</p><p><blockquote>诚然，6%是增长的下限，而不是上限。北京今年可能有意设定了一个较低的标准，以便在2022年设定类似的增长率，以展示稳定的形象。经济可能会变得更加强劲。</blockquote></p><p> In any case, even if the government ensures it won’t yank stimulus abruptly, gradual tapering in credit growth is already well under way. As first discussed in December in \"In Historic Reversal, China's Credit Impulse Just Peaked: What This Means For Global Markets\", China's credit impulse, or the change of new credit as a percentage of GDP,<b>peaked in October and is following the similar downward path of the previous two credit cycles in 2013 and 2016.</b>At this rate, the gauge could turn negative in the second half of the year.</p><p><blockquote>无论如何，即使政府确保不会突然取消刺激措施，信贷增长的逐步缩减已经在进行中。正如12月在《历史性逆转中，中国信贷冲动刚刚见顶：这对全球市场意味着什么》中首次讨论的那样，中国的信贷冲动，或者说新增信贷占GDP比例的变化，<b>10月见顶，并遵循2013年和2016年前两个信贷周期类似的下行路径。</b>按照这个速度，该指标可能会在今年下半年转为负值。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2e179f836c7c9e56233bb286ab859839\" tg-width=\"500\" tg-height=\"315\">In a&nbsp;note&nbsp;on Friday,<b>Pimco estimated that the credit impulse will fall to -3.5% of GDP by year-end, from a peak above 9% in 2020.</b>All else equal, it may slow China’s economy to below-trend levels by late 2022, the firm’s&nbsp;Gene Frieda&nbsp;and&nbsp;Carol Liao&nbsp;wrote.</p><p><blockquote>在周五的一份报告中，<b>太平洋投资管理公司估计，到年底，信贷冲动将从2020年9%以上的峰值降至GDP的-3.5%。</b>该公司的吉恩·弗里达(Gene Frieda)和卡罗尔·廖(Carol Liao)写道，在其他条件相同的情况下，到2022年底，中国经济可能会放缓至低于趋势水平。</blockquote></p><p> What does this mean? Tighter liquidity is likely to lead to stress in China’s corporate debt market, they wrote (echoing whatZero Hedge wrote in December).<b>While a soft-landing is achievable and the yuan remains attractive, the drag from China’s economy next year suggests that “developed economies may require stimulus for longer than currently appreciated.”</b></p><p><blockquote>这是什么意思？他们写道，流动性收紧可能会导致中国企业债务市场面临压力（呼应Zero Hedge去年12月所写的内容）。<b>虽然软着陆是可以实现的，人民币仍具有吸引力，但明年中国经济的拖累表明，“发达经济体可能需要比目前升值更长时间的刺激。”</b></blockquote></p><p> <b>2. The path of least resistance is for bond yields to move higher.</b></p><p><blockquote><b>2.阻力最小的路径是债券收益率走高。</b></blockquote></p><p> Jerome Powell&nbsp;reiterated that the Fed is in no rush to reduce stimulus, but declined to say that rising bond yields are inconsistent with the central bank’s objective. That essentially gives the market a free rein to push yields higher, keeping Treasuries as the potential source of volatility for other markets.</p><p><blockquote>杰罗姆·鲍威尔重申，美联储并不急于减少刺激措施，但拒绝表示债券收益率上升与央行的目标不一致。这实质上让市场可以自由推高收益率，使美国国债成为其他市场波动的潜在来源。</blockquote></p><p> Chinese bonds remain insulated from the global bond rout, given they have largely priced in economic normalization.</p><p><blockquote>中国债券仍然不受全球债券暴跌的影响，因为它们在很大程度上反映了经济正常化。</blockquote></p><p> <b>3. The trade-weighted yuan rose amid a stronger dollar.</b></p><p><blockquote><b>3.贸易加权人民币在美元走强的情况下上涨。</b></blockquote></p><p> While rising yields lifted the dollar, the yuan managed to outperform other currencies, sending the trade-weighted yuan close to the highest since 2018. The foreign bond inflows continue to be supportive.<b><i>“Real money</i></b><b>” investors, such as pension funds, have boosted their overweight on the yuan to the highest level since JPMorgan included Chinese bond in its benchmarks in February 2020, according to Bank of America.</b></p><p><blockquote>虽然收益率上升提振了美元，但人民币成功跑赢其他货币，使贸易加权人民币接近2018年以来的最高水平。外国债券流入继续提供支持。<b><i>“真金白银</i></b><b>美银表示，“自摩根大通2020年2月将中国债券纳入其基准以来，养老基金等投资者已将人民币跑赢大盘提高至最高水平。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/39549acc83b2c8f6765a41aefea5604f\" tg-width=\"500\" tg-height=\"252\"></p><p><blockquote></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>PIMCO Rings The Alarm Over China's Sliding Credit Impulse<blockquote>太平洋投资管理公司对中国信贷冲动下滑敲响警钟</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\">\nPIMCO Rings The Alarm Over China's Sliding Credit Impulse<blockquote>太平洋投资管理公司对中国信贷冲动下滑敲响警钟</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-03-08 11:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Three months afterZero Hedge subscriberswere first made aware of the biggest risk for the global economy, Pimco has finally caught up and is ringing the alarm as noted in the latest observations from Bloomberg macro commentator Ye Xie titled \"<i><b>Pimco Warns of Risks From Beijing’s Credit Curtail.\"</b></i></p><p><blockquote>在零对冲订阅者首次意识到全球经济面临的最大风险三个月后，太平洋投资管理公司终于迎头赶上并敲响了警钟，正如彭博宏观评论员叶燮在题为“<i><b>太平洋投资管理公司警告北京信贷紧缩带来的风险。”</b></i></blockquote></p><p> <b>1. Beijing sounds less sanguine about 2021.</b></p><p><blockquote><b>1.北京对2021年听起来不那么乐观。</b></blockquote></p><p> The government set the&nbsp;growth target&nbsp;this year at “above 6%,” well below economists’ forecasts of 8%. A 6% year-on-year GDP expansion implies zero growth from Q4 2020. Meanwhile, the budget deficit is pegged at 3.2% of GDP, lower than the record 3.6% last year, but higher than the 3% consensus. Taken together, the government seems less upbeat than most economists.</p><p><blockquote>政府将今年的增长目标定为“6%以上”，远低于经济学家预测的8%。GDP同比增长6%意味着从2020年第四季度开始零增长。与此同时，预算赤字占GDP的3.2%，低于去年创纪录的3.6%，但高于3%的共识。总的来说，政府似乎没有大多数经济学家乐观。</blockquote></p><p> Granted, 6% is the floor, not the ceiling for growth. Beijing may have intentionally set a low bar this year so that it could target a similar growth rate in 2022 to project the image of stability. The economy may turn out to be stronger.</p><p><blockquote>诚然，6%是增长的下限，而不是上限。北京今年可能有意设定了一个较低的标准，以便在2022年设定类似的增长率，以展示稳定的形象。经济可能会变得更加强劲。</blockquote></p><p> In any case, even if the government ensures it won’t yank stimulus abruptly, gradual tapering in credit growth is already well under way. As first discussed in December in \"In Historic Reversal, China's Credit Impulse Just Peaked: What This Means For Global Markets\", China's credit impulse, or the change of new credit as a percentage of GDP,<b>peaked in October and is following the similar downward path of the previous two credit cycles in 2013 and 2016.</b>At this rate, the gauge could turn negative in the second half of the year.</p><p><blockquote>无论如何，即使政府确保不会突然取消刺激措施，信贷增长的逐步缩减已经在进行中。正如12月在《历史性逆转中，中国信贷冲动刚刚见顶：这对全球市场意味着什么》中首次讨论的那样，中国的信贷冲动，或者说新增信贷占GDP比例的变化，<b>10月见顶，并遵循2013年和2016年前两个信贷周期类似的下行路径。</b>按照这个速度，该指标可能会在今年下半年转为负值。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2e179f836c7c9e56233bb286ab859839\" tg-width=\"500\" tg-height=\"315\">In a&nbsp;note&nbsp;on Friday,<b>Pimco estimated that the credit impulse will fall to -3.5% of GDP by year-end, from a peak above 9% in 2020.</b>All else equal, it may slow China’s economy to below-trend levels by late 2022, the firm’s&nbsp;Gene Frieda&nbsp;and&nbsp;Carol Liao&nbsp;wrote.</p><p><blockquote>在周五的一份报告中，<b>太平洋投资管理公司估计，到年底，信贷冲动将从2020年9%以上的峰值降至GDP的-3.5%。</b>该公司的吉恩·弗里达(Gene Frieda)和卡罗尔·廖(Carol Liao)写道，在其他条件相同的情况下，到2022年底，中国经济可能会放缓至低于趋势水平。</blockquote></p><p> What does this mean? Tighter liquidity is likely to lead to stress in China’s corporate debt market, they wrote (echoing whatZero Hedge wrote in December).<b>While a soft-landing is achievable and the yuan remains attractive, the drag from China’s economy next year suggests that “developed economies may require stimulus for longer than currently appreciated.”</b></p><p><blockquote>这是什么意思？他们写道，流动性收紧可能会导致中国企业债务市场面临压力（呼应Zero Hedge去年12月所写的内容）。<b>虽然软着陆是可以实现的，人民币仍具有吸引力，但明年中国经济的拖累表明，“发达经济体可能需要比目前升值更长时间的刺激。”</b></blockquote></p><p> <b>2. The path of least resistance is for bond yields to move higher.</b></p><p><blockquote><b>2.阻力最小的路径是债券收益率走高。</b></blockquote></p><p> Jerome Powell&nbsp;reiterated that the Fed is in no rush to reduce stimulus, but declined to say that rising bond yields are inconsistent with the central bank’s objective. That essentially gives the market a free rein to push yields higher, keeping Treasuries as the potential source of volatility for other markets.</p><p><blockquote>杰罗姆·鲍威尔重申，美联储并不急于减少刺激措施，但拒绝表示债券收益率上升与央行的目标不一致。这实质上让市场可以自由推高收益率，使美国国债成为其他市场波动的潜在来源。</blockquote></p><p> Chinese bonds remain insulated from the global bond rout, given they have largely priced in economic normalization.</p><p><blockquote>中国债券仍然不受全球债券暴跌的影响，因为它们在很大程度上反映了经济正常化。</blockquote></p><p> <b>3. The trade-weighted yuan rose amid a stronger dollar.</b></p><p><blockquote><b>3.贸易加权人民币在美元走强的情况下上涨。</b></blockquote></p><p> While rising yields lifted the dollar, the yuan managed to outperform other currencies, sending the trade-weighted yuan close to the highest since 2018. The foreign bond inflows continue to be supportive.<b><i>“Real money</i></b><b>” investors, such as pension funds, have boosted their overweight on the yuan to the highest level since JPMorgan included Chinese bond in its benchmarks in February 2020, according to Bank of America.</b></p><p><blockquote>虽然收益率上升提振了美元，但人民币成功跑赢其他货币，使贸易加权人民币接近2018年以来的最高水平。外国债券流入继续提供支持。<b><i>“真金白银</i></b><b>美银表示，“自摩根大通2020年2月将中国债券纳入其基准以来，养老基金等投资者已将人民币跑赢大盘提高至最高水平。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/39549acc83b2c8f6765a41aefea5604f\" tg-width=\"500\" tg-height=\"252\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/pimco-rings-alarm-over-chinas-sliding-credit-impulse\">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":{},"source_url":"https://www.zerohedge.com/markets/pimco-rings-alarm-over-chinas-sliding-credit-impulse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152787682","content_text":"Three months afterZero Hedge subscriberswere first made aware of the biggest risk for the global economy, Pimco has finally caught up and is ringing the alarm as noted in the latest observations from Bloomberg macro commentator Ye Xie titled \"Pimco Warns of Risks From Beijing’s Credit Curtail.\"\n1. Beijing sounds less sanguine about 2021.\nThe government set the growth target this year at “above 6%,” well below economists’ forecasts of 8%. A 6% year-on-year GDP expansion implies zero growth from Q4 2020. Meanwhile, the budget deficit is pegged at 3.2% of GDP, lower than the record 3.6% last year, but higher than the 3% consensus. Taken together, the government seems less upbeat than most economists.\nGranted, 6% is the floor, not the ceiling for growth. Beijing may have intentionally set a low bar this year so that it could target a similar growth rate in 2022 to project the image of stability. The economy may turn out to be stronger.\nIn any case, even if the government ensures it won’t yank stimulus abruptly, gradual tapering in credit growth is already well under way. As first discussed in December in \"In Historic Reversal, China's Credit Impulse Just Peaked: What This Means For Global Markets\", China's credit impulse, or the change of new credit as a percentage of GDP,peaked in October and is following the similar downward path of the previous two credit cycles in 2013 and 2016.At this rate, the gauge could turn negative in the second half of the year.\nIn a note on Friday,Pimco estimated that the credit impulse will fall to -3.5% of GDP by year-end, from a peak above 9% in 2020.All else equal, it may slow China’s economy to below-trend levels by late 2022, the firm’s Gene Frieda and Carol Liao wrote.\nWhat does this mean? Tighter liquidity is likely to lead to stress in China’s corporate debt market, they wrote (echoing whatZero Hedge wrote in December).While a soft-landing is achievable and the yuan remains attractive, the drag from China’s economy next year suggests that “developed economies may require stimulus for longer than currently appreciated.”\n2. The path of least resistance is for bond yields to move higher.\nJerome Powell reiterated that the Fed is in no rush to reduce stimulus, but declined to say that rising bond yields are inconsistent with the central bank’s objective. That essentially gives the market a free rein to push yields higher, keeping Treasuries as the potential source of volatility for other markets.\nChinese bonds remain insulated from the global bond rout, given they have largely priced in economic normalization.\n3. The trade-weighted yuan rose amid a stronger dollar.\nWhile rising yields lifted the dollar, the yuan managed to outperform other currencies, sending the trade-weighted yuan close to the highest since 2018. The foreign bond inflows continue to be supportive.“Real money” investors, such as pension funds, have boosted their overweight on the yuan to the highest level since JPMorgan included Chinese bond in its benchmarks in February 2020, according to Bank of America.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369517541,"gmtCreate":1614058434483,"gmtModify":1634551353528,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment&nbsp;","listText":"Like my comment&nbsp;","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/369517541","repostId":"1175924985","repostType":4,"repost":{"id":"1175924985","kind":"news","pubTimestamp":1614058173,"share":"https://www.laohu8.com/m/news/1175924985?lang=zh_CN&edition=full","pubTime":"2021-02-23 13:29","market":"us","language":"en","title":"‘Buffett Indicator’ is alarmingly bearish and this year’s Berkshire shareholder letter could reveal why<blockquote>“巴菲特指标”令人震惊地看跌，今年的伯克希尔股东信可能会揭示原因</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175924985","media":"MarketWatch","summary":"Berkshire Hathaway’s trailing 15-year return is now below the S&P 500\nShould investors continue to g","content":"<p>Berkshire Hathaway’s trailing 15-year return is now below the S&amp;P 500</p><p><blockquote>Berkshire Hathaway过去15年的回报率目前低于标普500</blockquote></p><p> Should investors continue to give Warren Buffett the benefit of the doubt?</p><p><blockquote>投资者应该继续相信沃伦·巴菲特吗？</blockquote></p><p> That is the big question for Berkshire Hathaway&nbsp;shareholders as they anticipate Buffett’s annual letter to company shareholders, which is expected to be released on Feb. 27. Berkshire’s annual meeting of shareholders, normally held in Omaha, Neb. but this year remotely, will be another occasion in which Buffett can address this question. The shareholder meeting is scheduled for May 1.</p><p><blockquote>对于伯克希尔哈撒韦公司股东来说，这是一个大问题，因为他们预计巴菲特将于2月27日发布致公司股东的年度信。伯克希尔的年度股东大会通常在内布拉斯加州奥马哈举行。但今年将是巴菲特解决这个问题的又一次机会。股东大会定于5月1日举行。</blockquote></p><p> This question wouldn’t be so urgent if 2020 — when Berkshire stock lagged the S&amp;P 500&nbsp;by 16 percentage points — was just an aberration. But it isn’t. The stock lagged the S&amp;P 500 by even more in 2019 (20 percentage points), and is now behind the S&amp;P 500 over the trailing five-, 10- and 15-year periods. Those are long-enough periods to satisfy at least many investors’ definition of the long term.</p><p><blockquote>如果2020年——伯克希尔股价落后标普500 16个百分点——只是一个异常，这个问题就不会那么紧迫。但事实并非如此。该股在2019年落后于标普500更多（20个百分点），目前在过去5年、10年和15年期间落后于标普500。这些期限足够长，至少可以满足许多投资者对长期的定义。</blockquote></p><p> I have no idea whether Buffett will address the market-lagging performance of Berkshire stock in his letter or at the company’s annual meeting. My request for comment from the company has gone unanswered. But I would be surprised if he doesn’t address it, and in the rest of this column I want to provide some background information that will help us understand the significance of what he may have to say.</p><p><blockquote>我不知道巴菲特是否会在信中或在公司年会上谈到伯克希尔股票落后于市场的表现。我向该公司提出的置评请求没有得到答复。但如果他不解决这个问题，我会感到惊讶，在本专栏的其余部分，我想提供一些背景信息，帮助我们理解他可能要说的话的意义。</blockquote></p><p> <b>Will Buffett double down on his bearish stock market outlook?</b></p><p><blockquote><b>巴菲特会加倍看跌股市前景吗？</b></blockquote></p><p> Pay close attention to whether Buffett doubles down on the bearish posture with which he has approached the stock market in recent years. It’s largely because of that bearishness that Berkshire stock has lagged. At the beginning of last year’s third quarter, for example, the company was sitting on a huge pile of cash — $147 billion, in fact.</p><p><blockquote>密切关注巴菲特是否会加倍押注他近年来对待股市的看跌姿态。伯克希尔股票的表现落后很大程度上是因为这种看跌情绪。例如，去年第三季度初，该公司坐拥巨额现金——事实上为1,470亿美元。</blockquote></p><p> Given the company’s conservative posture, it wouldn’t take much of a drop in the overall market for Berkshire stock to once again be ahead of the S&amp;P 500 over the trailing 15 years. In fact, I calculate that all it would take would be for the S&amp;P 500 to perform at least 3% worse than the company’s stock, which is quite likely to occur in a bear market. During the 2007-2009 bear market that accompanied the Great Financial Crisis, for example, Berkshire stock beat the S&amp;P 500 by a cumulative 15 percentage points.</p><p><blockquote>鉴于伯克希尔的保守姿态，在过去15年里，伯克希尔的股票不需要整体市场大幅下跌就能再次领先于标普500。事实上，我计算出，标普500的表现至少比公司股票差3%，这在熊市中很可能发生。例如，在2007-2009年伴随大金融危机的熊市期间，伯克希尔股价累计跑赢标普500 15个百分点。</blockquote></p><p> My guess is that Buffett will indeed double down on his bearishness. Consider the story told by the ratio of the stock market’s total market cap to U.S. GDP — the so-called Buffett Indicator. It got its name two decades ago when Buffett said that the ratio is “probably the best single measure of where valuations stand at any given moment.”</p><p><blockquote>我的猜测是，巴菲特确实会加倍看跌。考虑一下股市总市值与美国GDP的比率——所谓的巴菲特指标——所讲述的故事。二十年前，巴菲特表示，该比率“可能是衡量任何特定时刻估值水平的最佳单一指标”，因此得名。</blockquote></p><p> This ratio is now higher (and therefore more bearish) than at any other time in U.S. market history, higher even than where it stood at the top of the late 1990s internet bubble — as you can see from the chart below.</p><p><blockquote>这一比率现在比美国市场历史上的任何其他时期都要高（因此更加看跌），甚至高于20世纪90年代末互联网泡沫顶部的水平——如下图所示。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/588c144cbfb44b59031247a976215db3\" tg-width=\"1260\" tg-height=\"849\"></p><p><blockquote></blockquote></p><p> <b>How big of a role has luck played?</b></p><p><blockquote><b>运气起了多大的作用？</b></blockquote></p><p> Another big question as you decide whether to continue giving Buffett the benefit of the doubt: Could mere bad luck account for Berkshire’s market-lagging return? That’s an especially important question to ask, since the stock’s long-term record is nothing short of outstanding — even taking the past 15 years into account. Since 1965, Berkshire stock has outperformed the S&amp;P 500 on a dividend-adjusted basis by the annualized margin of 20.1% to 10.2%. I’m aware of no other investor alive today who has come even close to doing as well as Buffett over this 56-year period.</p><p><blockquote>当你决定是否继续相信巴菲特时，另一个大问题是：仅仅是运气不好就能解释伯克希尔落后于市场的回报吗？这是一个特别重要的问题，因为即使考虑到过去15年，该股的长期记录也非常出色。自1965年以来，伯克希尔股票在股息调整后的年化收益率为20.1%至10.2%，优于标普500。据我所知，在这56年的时间里，没有其他在世的投资者能比得上巴菲特。</blockquote></p><p> To calculate the role luck may have played in performance, I conducted the following Monte Carlo simulation: What if, in each of the next 15 calendar years, Buffett’s alpha (return relative to the S&amp;P 500) would be picked at random from his actual alphas over the past 56 years? And what if this experiment was run 10,000 times?</p><p><blockquote>为了计算运气在业绩中可能扮演的角色，我进行了下面的蒙特卡罗模拟：如果在接下来的15个日历年中，巴菲特的阿尔法（相对于标普500的回报率）都是从巴菲特过去56年的实际阿尔法中随机挑选出来的，会怎么样？如果这个实验运行10,000次会怎么样？</blockquote></p><p> To put what I found in perspective, consider that Berkshire in fact has had negative alpha in five of the past 15 years. In 24.4% of my simulations, the company’s stock had negative alpha in at least that many years. One-out-of-four odds suggest there is nothing particularly unusual about the number of years in which the company’s stock actually has had negative alpha.</p><p><blockquote>为了正确看待我的发现，请考虑一下伯克希尔哈撒韦公司实际上在过去15年中有5年的阿尔法值为负。在我模拟的24.4%中，公司股票至少有这么多年的情况是负阿尔法。四分之一的几率表明，该公司股票实际阿尔法值为负的年份并没有什么特别不寻常的。</blockquote></p><p> To be sure, it was less likely in my simulations for Berkshire to have a negative alpha over the entire 15-year period. But it still did happen — 2% of the time. So it’s possible that Buffett’s negative alpha over the past 15 years is due to nothing more than bad luck.</p><p><blockquote>可以肯定的是，在我的模拟中，伯克希尔哈撒韦公司在整个15年期间出现负阿尔法的可能性较小。但它仍然发生了——2%的时间。因此，巴菲特过去15年的负阿尔法可能只不过是运气不好。</blockquote></p><p> My vote is to continue to give Buffett the benefit of the doubt. There is no reason to pay less attention to his shareholder letter this year than in any prior year.</p><p><blockquote>我的投票是继续假定巴菲特是无辜的。今年没有理由比往年更少关注他的股东信。</blockquote></p><p></p>","source":"market_watch","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>‘Buffett Indicator’ is alarmingly bearish and this year’s Berkshire shareholder letter could reveal why<blockquote>“巴菲特指标”令人震惊地看跌，今年的伯克希尔股东信可能会揭示原因</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\">\n‘Buffett Indicator’ is alarmingly bearish and this year’s Berkshire shareholder letter could reveal why<blockquote>“巴菲特指标”令人震惊地看跌，今年的伯克希尔股东信可能会揭示原因</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-02-23 13:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Berkshire Hathaway’s trailing 15-year return is now below the S&amp;P 500</p><p><blockquote>Berkshire Hathaway过去15年的回报率目前低于标普500</blockquote></p><p> Should investors continue to give Warren Buffett the benefit of the doubt?</p><p><blockquote>投资者应该继续相信沃伦·巴菲特吗？</blockquote></p><p> That is the big question for Berkshire Hathaway&nbsp;shareholders as they anticipate Buffett’s annual letter to company shareholders, which is expected to be released on Feb. 27. Berkshire’s annual meeting of shareholders, normally held in Omaha, Neb. but this year remotely, will be another occasion in which Buffett can address this question. The shareholder meeting is scheduled for May 1.</p><p><blockquote>对于伯克希尔哈撒韦公司股东来说，这是一个大问题，因为他们预计巴菲特将于2月27日发布致公司股东的年度信。伯克希尔的年度股东大会通常在内布拉斯加州奥马哈举行。但今年将是巴菲特解决这个问题的又一次机会。股东大会定于5月1日举行。</blockquote></p><p> This question wouldn’t be so urgent if 2020 — when Berkshire stock lagged the S&amp;P 500&nbsp;by 16 percentage points — was just an aberration. But it isn’t. The stock lagged the S&amp;P 500 by even more in 2019 (20 percentage points), and is now behind the S&amp;P 500 over the trailing five-, 10- and 15-year periods. Those are long-enough periods to satisfy at least many investors’ definition of the long term.</p><p><blockquote>如果2020年——伯克希尔股价落后标普500 16个百分点——只是一个异常，这个问题就不会那么紧迫。但事实并非如此。该股在2019年落后于标普500更多（20个百分点），目前在过去5年、10年和15年期间落后于标普500。这些期限足够长，至少可以满足许多投资者对长期的定义。</blockquote></p><p> I have no idea whether Buffett will address the market-lagging performance of Berkshire stock in his letter or at the company’s annual meeting. My request for comment from the company has gone unanswered. But I would be surprised if he doesn’t address it, and in the rest of this column I want to provide some background information that will help us understand the significance of what he may have to say.</p><p><blockquote>我不知道巴菲特是否会在信中或在公司年会上谈到伯克希尔股票落后于市场的表现。我向该公司提出的置评请求没有得到答复。但如果他不解决这个问题，我会感到惊讶，在本专栏的其余部分，我想提供一些背景信息，帮助我们理解他可能要说的话的意义。</blockquote></p><p> <b>Will Buffett double down on his bearish stock market outlook?</b></p><p><blockquote><b>巴菲特会加倍看跌股市前景吗？</b></blockquote></p><p> Pay close attention to whether Buffett doubles down on the bearish posture with which he has approached the stock market in recent years. It’s largely because of that bearishness that Berkshire stock has lagged. At the beginning of last year’s third quarter, for example, the company was sitting on a huge pile of cash — $147 billion, in fact.</p><p><blockquote>密切关注巴菲特是否会加倍押注他近年来对待股市的看跌姿态。伯克希尔股票的表现落后很大程度上是因为这种看跌情绪。例如，去年第三季度初，该公司坐拥巨额现金——事实上为1,470亿美元。</blockquote></p><p> Given the company’s conservative posture, it wouldn’t take much of a drop in the overall market for Berkshire stock to once again be ahead of the S&amp;P 500 over the trailing 15 years. In fact, I calculate that all it would take would be for the S&amp;P 500 to perform at least 3% worse than the company’s stock, which is quite likely to occur in a bear market. During the 2007-2009 bear market that accompanied the Great Financial Crisis, for example, Berkshire stock beat the S&amp;P 500 by a cumulative 15 percentage points.</p><p><blockquote>鉴于伯克希尔的保守姿态，在过去15年里，伯克希尔的股票不需要整体市场大幅下跌就能再次领先于标普500。事实上，我计算出，标普500的表现至少比公司股票差3%，这在熊市中很可能发生。例如，在2007-2009年伴随大金融危机的熊市期间，伯克希尔股价累计跑赢标普500 15个百分点。</blockquote></p><p> My guess is that Buffett will indeed double down on his bearishness. Consider the story told by the ratio of the stock market’s total market cap to U.S. GDP — the so-called Buffett Indicator. It got its name two decades ago when Buffett said that the ratio is “probably the best single measure of where valuations stand at any given moment.”</p><p><blockquote>我的猜测是，巴菲特确实会加倍看跌。考虑一下股市总市值与美国GDP的比率——所谓的巴菲特指标——所讲述的故事。二十年前，巴菲特表示，该比率“可能是衡量任何特定时刻估值水平的最佳单一指标”，因此得名。</blockquote></p><p> This ratio is now higher (and therefore more bearish) than at any other time in U.S. market history, higher even than where it stood at the top of the late 1990s internet bubble — as you can see from the chart below.</p><p><blockquote>这一比率现在比美国市场历史上的任何其他时期都要高（因此更加看跌），甚至高于20世纪90年代末互联网泡沫顶部的水平——如下图所示。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/588c144cbfb44b59031247a976215db3\" tg-width=\"1260\" tg-height=\"849\"></p><p><blockquote></blockquote></p><p> <b>How big of a role has luck played?</b></p><p><blockquote><b>运气起了多大的作用？</b></blockquote></p><p> Another big question as you decide whether to continue giving Buffett the benefit of the doubt: Could mere bad luck account for Berkshire’s market-lagging return? That’s an especially important question to ask, since the stock’s long-term record is nothing short of outstanding — even taking the past 15 years into account. Since 1965, Berkshire stock has outperformed the S&amp;P 500 on a dividend-adjusted basis by the annualized margin of 20.1% to 10.2%. I’m aware of no other investor alive today who has come even close to doing as well as Buffett over this 56-year period.</p><p><blockquote>当你决定是否继续相信巴菲特时，另一个大问题是：仅仅是运气不好就能解释伯克希尔落后于市场的回报吗？这是一个特别重要的问题，因为即使考虑到过去15年，该股的长期记录也非常出色。自1965年以来，伯克希尔股票在股息调整后的年化收益率为20.1%至10.2%，优于标普500。据我所知，在这56年的时间里，没有其他在世的投资者能比得上巴菲特。</blockquote></p><p> To calculate the role luck may have played in performance, I conducted the following Monte Carlo simulation: What if, in each of the next 15 calendar years, Buffett’s alpha (return relative to the S&amp;P 500) would be picked at random from his actual alphas over the past 56 years? And what if this experiment was run 10,000 times?</p><p><blockquote>为了计算运气在业绩中可能扮演的角色，我进行了下面的蒙特卡罗模拟：如果在接下来的15个日历年中，巴菲特的阿尔法（相对于标普500的回报率）都是从巴菲特过去56年的实际阿尔法中随机挑选出来的，会怎么样？如果这个实验运行10,000次会怎么样？</blockquote></p><p> To put what I found in perspective, consider that Berkshire in fact has had negative alpha in five of the past 15 years. In 24.4% of my simulations, the company’s stock had negative alpha in at least that many years. One-out-of-four odds suggest there is nothing particularly unusual about the number of years in which the company’s stock actually has had negative alpha.</p><p><blockquote>为了正确看待我的发现，请考虑一下伯克希尔哈撒韦公司实际上在过去15年中有5年的阿尔法值为负。在我模拟的24.4%中，公司股票至少有这么多年的情况是负阿尔法。四分之一的几率表明，该公司股票实际阿尔法值为负的年份并没有什么特别不寻常的。</blockquote></p><p> To be sure, it was less likely in my simulations for Berkshire to have a negative alpha over the entire 15-year period. But it still did happen — 2% of the time. So it’s possible that Buffett’s negative alpha over the past 15 years is due to nothing more than bad luck.</p><p><blockquote>可以肯定的是，在我的模拟中，伯克希尔哈撒韦公司在整个15年期间出现负阿尔法的可能性较小。但它仍然发生了——2%的时间。因此，巴菲特过去15年的负阿尔法可能只不过是运气不好。</blockquote></p><p> My vote is to continue to give Buffett the benefit of the doubt. There is no reason to pay less attention to his shareholder letter this year than in any prior year.</p><p><blockquote>我的投票是继续假定巴菲特是无辜的。今年没有理由比往年更少关注他的股东信。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/buffett-indicator-is-alarmingly-bearish-and-this-years-berkshire-shareholder-letter-could-reveal-why-11613780296?mod=home-page\">MarketWatch</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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/buffett-indicator-is-alarmingly-bearish-and-this-years-berkshire-shareholder-letter-could-reveal-why-11613780296?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1175924985","content_text":"Berkshire Hathaway’s trailing 15-year return is now below the S&P 500\nShould investors continue to give Warren Buffett the benefit of the doubt?\nThat is the big question for Berkshire Hathaway shareholders as they anticipate Buffett’s annual letter to company shareholders, which is expected to be released on Feb. 27. Berkshire’s annual meeting of shareholders, normally held in Omaha, Neb. but this year remotely, will be another occasion in which Buffett can address this question. The shareholder meeting is scheduled for May 1.\nThis question wouldn’t be so urgent if 2020 — when Berkshire stock lagged the S&P 500 by 16 percentage points — was just an aberration. But it isn’t. The stock lagged the S&P 500 by even more in 2019 (20 percentage points), and is now behind the S&P 500 over the trailing five-, 10- and 15-year periods. Those are long-enough periods to satisfy at least many investors’ definition of the long term.\nI have no idea whether Buffett will address the market-lagging performance of Berkshire stock in his letter or at the company’s annual meeting. My request for comment from the company has gone unanswered. But I would be surprised if he doesn’t address it, and in the rest of this column I want to provide some background information that will help us understand the significance of what he may have to say.\nWill Buffett double down on his bearish stock market outlook?\nPay close attention to whether Buffett doubles down on the bearish posture with which he has approached the stock market in recent years. It’s largely because of that bearishness that Berkshire stock has lagged. At the beginning of last year’s third quarter, for example, the company was sitting on a huge pile of cash — $147 billion, in fact.\nGiven the company’s conservative posture, it wouldn’t take much of a drop in the overall market for Berkshire stock to once again be ahead of the S&P 500 over the trailing 15 years. In fact, I calculate that all it would take would be for the S&P 500 to perform at least 3% worse than the company’s stock, which is quite likely to occur in a bear market. During the 2007-2009 bear market that accompanied the Great Financial Crisis, for example, Berkshire stock beat the S&P 500 by a cumulative 15 percentage points.\nMy guess is that Buffett will indeed double down on his bearishness. Consider the story told by the ratio of the stock market’s total market cap to U.S. GDP — the so-called Buffett Indicator. It got its name two decades ago when Buffett said that the ratio is “probably the best single measure of where valuations stand at any given moment.”\nThis ratio is now higher (and therefore more bearish) than at any other time in U.S. market history, higher even than where it stood at the top of the late 1990s internet bubble — as you can see from the chart below.\n\nHow big of a role has luck played?\nAnother big question as you decide whether to continue giving Buffett the benefit of the doubt: Could mere bad luck account for Berkshire’s market-lagging return? That’s an especially important question to ask, since the stock’s long-term record is nothing short of outstanding — even taking the past 15 years into account. Since 1965, Berkshire stock has outperformed the S&P 500 on a dividend-adjusted basis by the annualized margin of 20.1% to 10.2%. I’m aware of no other investor alive today who has come even close to doing as well as Buffett over this 56-year period.\nTo calculate the role luck may have played in performance, I conducted the following Monte Carlo simulation: What if, in each of the next 15 calendar years, Buffett’s alpha (return relative to the S&P 500) would be picked at random from his actual alphas over the past 56 years? And what if this experiment was run 10,000 times?\nTo put what I found in perspective, consider that Berkshire in fact has had negative alpha in five of the past 15 years. In 24.4% of my simulations, the company’s stock had negative alpha in at least that many years. One-out-of-four odds suggest there is nothing particularly unusual about the number of years in which the company’s stock actually has had negative alpha.\nTo be sure, it was less likely in my simulations for Berkshire to have a negative alpha over the entire 15-year period. But it still did happen — 2% of the time. So it’s possible that Buffett’s negative alpha over the past 15 years is due to nothing more than bad luck.\nMy vote is to continue to give Buffett the benefit of the doubt. There is no reason to pay less attention to his shareholder letter this year than in any prior year.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137641428,"gmtCreate":1622345627264,"gmtModify":1634102161393,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/137641428","repostId":"2138765488","repostType":4,"isVote":1,"tweetType":1,"viewCount":354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196853166,"gmtCreate":1621043818355,"gmtModify":1634194356257,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/196853166","repostId":"1163454382","repostType":4,"repost":{"id":"1163454382","kind":"news","pubTimestamp":1621004581,"share":"https://www.laohu8.com/m/news/1163454382?lang=zh_CN&edition=full","pubTime":"2021-05-14 23:03","market":"us","language":"en","title":"Why AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163454382","media":"Motley Fool","summary":"AMC investors have reason for more optimism on the heels of another capital raise.Yesterday's jump came after the company announcedit raised $428 million. First, the Centers for Disease Control and Prevention  issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.This should allow theaters to open back up at full capacity and be a desirable destination for vaccinat","content":"<p>  <b>AMC investors have reason for more optimism on the heels of another capital raise.</b>  <b>What happened</b></p><p><blockquote><b>在再次融资后，AMC投资者有理由更加乐观。</b><b>发生了什么</b></blockquote></p><p> A day after<b>AMC Entertainment Holdings</b>(NYSE:AMC)</p><p><blockquote>一天后<b>AMC院线控股</b>（纽约证券交易所代码：AMC）</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Yesterday's jump came after the company announcedit raised $428 million</p><p><blockquote>昨天的股价上涨是在该公司宣布筹集4.28亿美元后发生的</blockquote></p><p> First, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.</p><p><blockquote>首先，美国疾病控制和预防中心（CDC）发布了一份关于当前健康和安全协议的新声明，称完全接种疫苗的人可以在不戴口罩或保持身体距离的情况下恢复活动，包括在室内。</blockquote></p><p> This should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,<b>Walt Disney</b>(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.</p><p><blockquote>这将使电影院能够满负荷开放，并成为接种疫苗的电影顾客的理想目的地。同样在昨天，<b>迪斯尼</b>（纽约证券交易所股票代码：DIS）宣布了季度收益报告，首席执行官鲍勃·查佩克指出“我们工作室的产量有所增加”。虽然这对影院运营商来说是积极的，但迪士尼也报告称其流媒体服务的用户增长令人失望。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> Lower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.</p><p><blockquote>流媒体订阅量的下降对影院业务来说可能是一个积极的信号。随着疫苗接种的继续推广，以及疾病预防控制中心现在正式批准在不戴口罩的情况下与人群聚集在室内，剧院的上座率可能会很快恢复。</blockquote></p><p> Vaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.</p><p><blockquote>疫苗接种将促使人们回到户外活动。在一年多的时间里，电影院可能会成为人们最喜欢的目的地。在另一次融资之后，AMC投资者可能认为这家公司终于有了一条充满希望的未来之路。</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 AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</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 AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</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\">2021-05-14 23:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>AMC investors have reason for more optimism on the heels of another capital raise.</b>  <b>What happened</b></p><p><blockquote><b>在再次融资后，AMC投资者有理由更加乐观。</b><b>发生了什么</b></blockquote></p><p> A day after<b>AMC Entertainment Holdings</b>(NYSE:AMC)</p><p><blockquote>一天后<b>AMC院线控股</b>（纽约证券交易所代码：AMC）</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Yesterday's jump came after the company announcedit raised $428 million</p><p><blockquote>昨天的股价上涨是在该公司宣布筹集4.28亿美元后发生的</blockquote></p><p> First, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.</p><p><blockquote>首先，美国疾病控制和预防中心（CDC）发布了一份关于当前健康和安全协议的新声明，称完全接种疫苗的人可以在不戴口罩或保持身体距离的情况下恢复活动，包括在室内。</blockquote></p><p> This should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,<b>Walt Disney</b>(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.</p><p><blockquote>这将使电影院能够满负荷开放，并成为接种疫苗的电影顾客的理想目的地。同样在昨天，<b>迪斯尼</b>（纽约证券交易所股票代码：DIS）宣布了季度收益报告，首席执行官鲍勃·查佩克指出“我们工作室的产量有所增加”。虽然这对影院运营商来说是积极的，但迪士尼也报告称其流媒体服务的用户增长令人失望。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> Lower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.</p><p><blockquote>流媒体订阅量的下降对影院业务来说可能是一个积极的信号。随着疫苗接种的继续推广，以及疾病预防控制中心现在正式批准在不戴口罩的情况下与人群聚集在室内，剧院的上座率可能会很快恢复。</blockquote></p><p> Vaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.</p><p><blockquote>疫苗接种将促使人们回到户外活动。在一年多的时间里，电影院可能会成为人们最喜欢的目的地。在另一次融资之后，AMC投资者可能认为这家公司终于有了一条充满希望的未来之路。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/\">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":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163454382","content_text":"AMC investors have reason for more optimism on the heels of another capital raise.\n\nWhat happened\nA day afterAMC Entertainment Holdings(NYSE:AMC)\nSo what\nYesterday's jump came after the company announcedit raised $428 million\nFirst, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.\nThis should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,Walt Disney(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.\nNow what\nLower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.\nVaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105207588,"gmtCreate":1620303982244,"gmtModify":1634206249258,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570519374633708","idStr":"3570519374633708"},"themes":[],"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/105207588","repostId":"2133387578","repostType":4,"isVote":1,"tweetType":1,"viewCount":1073,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}