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2021-11-09

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@小虎活动:[Halloween Game] Trade or Treat!

2021-10-22

$Phunware, Inc.(PHUN)$[财迷]

2021-06-03

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2021-04-01

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Here are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的 ETF</blockquote>

2021-03-22

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GameStop Earnings Are Coming. Nobody Knows What to Expect.<blockquote>游戏驿站的收益即将到来。没人知道会发生什么。</blockquote>

2021-03-17

$Taiwan Semiconductor Manufacturing(TSM)$[黑眼圈]

2021-03-16

Huat

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2021-03-15

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SOS Limited jumped nearly 22%<blockquote>SOS Limited 上涨近 22%</blockquote>

2021-03-15

$Sundial Growers Inc.(SNDL)$[鬼脸]

2021-03-15

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10 Stocks That Are Vulnerable to a Blowup<blockquote>10只容易爆炸的股票</blockquote>

2021-03-13

$Castor Maritime, Inc.(CTRM)$[微笑]

2021-03-13

[贱笑]

US Daylight Saving Time<blockquote>美国夏令时</blockquote>

2021-03-11

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2021-03-11

$Phunware, Inc.(PHUN)$[冷漠]

2021-03-09

Ok

SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years<blockquote>SPAC先驱在等待近30年后收获回报</blockquote>

2021-03-09

Ok

This clear signal says the big tech unwind isn’t done yet, according to strategist<blockquote>战略家认为，这一明确信号表明大型科技公司的解散尚未完成</blockquote>

2021-03-08

K

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2021-03-08

End

How to handle market declines<blockquote>如何应对市场下跌</blockquote>

2021-03-08

[惊讶]

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2021-03-08

Ok

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ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844753506","repostId":"850756569","repostType":1,"repost":{"id":850756569,"gmtCreate":1634631211448,"gmtModify":1635853120757,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/9e396d03155923b283948d2dec9191f8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"36984908995200","idStr":"36984908995200"},"themes":[],"title":"[Halloween Game] Trade or Treat!","htmlText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","listText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","text":"Hello, dear Tigers! Happy Halloween! 🎃🎃🎃 Tap here to play the Halloween game, and you stand a chance to win various rewards! Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1. How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'. 2. How to collect points? Each player has 30 seconds to catch falling candies while av","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850756569","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2862,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":851288507,"gmtCreate":1634910685666,"gmtModify":1634910685838,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[财迷]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[财迷]&nbsp;","text":"$Phunware, Inc.(PHUN)$[财迷]","images":[{"img":"https://static.tigerbbs.com/d8f997506c6055a7737afd5abb13279e","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851288507","isVote":1,"tweetType":1,"viewCount":3052,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":118642380,"gmtCreate":1622731678340,"gmtModify":1634098602363,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/118642380","repostId":"1143150601","repostType":4,"isVote":1,"tweetType":1,"viewCount":3227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357142943,"gmtCreate":1617250943582,"gmtModify":1634521797577,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/357142943","repostId":"1153467447","repostType":4,"repost":{"id":"1153467447","kind":"news","pubTimestamp":1617241636,"share":"https://www.laohunote.com/m/news/1153467447?lang=zh_CN&edition=full","pubTime":"2021-04-01 09:47","market":"us","language":"en","title":"Here are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的 ETF</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153467447","media":"Market Wacth","summary":"As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, th","content":"<p>As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, there are some stocks and exchange-traded funds that will benefit.</p><p><blockquote>随着乔·拜登总统公布被称为美国就业计划的大规模基础设施一揽子计划，一些股票和交易所交易基金将受益。</blockquote></p><p>MarketWatch coveredseveral of the infrastructure-specific ETFsback in November, and they may still be a great place for investors to put money to work.</p><p><blockquote>MarketWatch 早在 11 月份就报道了几只基础设施特定 ETF，它们可能仍然是投资者投资的好地方。</blockquote></p><p>But there are other funds and thematic approaches that may be a bit less obvious but which should offer excellent returns from the kind of spending Biden is proposing. MarketWatch spoke with CFRA’s head of mutual fund and ETF research, Todd Rosenbluth, for some ideas.</p><p><blockquote>但还有其他基金和主题方法可能不太明显，但应该会从拜登提议的支出中提供丰厚的回报。MarketWatch 采访了 CFRA 共同基金和 ETF 研究主管托德-罗森布鲁斯（Todd Rosenbluth），了解一些想法。</blockquote></p><p><b>Broadband</b></p><p><blockquote><b>宽带</b></blockquote></p><p>In a release outlining the plan, the Biden administration wrote, “Broadband internet is the new electricity. It is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected.”</p><p><blockquote>拜登政府在一份概述该计划的新闻稿中写道：“宽带互联网是新的电力。美国人有必要做好自己的工作，平等地参与学校学习、医疗保健，并保持联系。”</blockquote></p><p>To invest in this theme, Rosenbluth suggests the Defiance Next Gen Connectivity ETFFIVG,+0.74%,which has the succinct ticker FIVG. Itsholdingsare “soup to nuts” companies that stand to benefit from a broader roll-out of data infrastructure, including cellular antennas and routers, mobile network operators, satellite-based communications, cloud computing equipment, fiber optic cables, data center real estate investment trusts, and much more.</p><p><blockquote>为了投资这一主题，Rosenbluth 建议投资 Defiance Next Gen Connectivity ETFFIVG,+0.74%，其股票代码为 FIVG。其控股公司是 “坚果汤 ”公司，这些公司将从更广泛的数据基础设施推广中受益，包括蜂窝天线和路由器、移动网络运营商、卫星通信、云计算设备、光纤电缆、数据中心房地产投资信托基金等等。</blockquote></p><p>FIVG has about $1.1 billion in assets, charges a 30-basis point management fee, and has been around for about two years.</p><p><blockquote>FIVG拥有约11亿美元的资产，收取30个基点的管理费，已经存在了大约两年。</blockquote></p><p>Another option, the Pacer Benchmark Data &amp; Infrastructure Real Estate SCTR ETFSRVR,+0.72%,is more focused, as the name suggests, on the real estate needed for broadband technology. It’s important to note, however, that SRVR ismade up of real estate investment trusts, which have some different implications for investors than straight stocks do.</p><p><blockquote>另一个选择是 Pacer Benchmark Data &amp; Infrastructure Real Estate SCTR ETFSRVR，+0.72%，顾名思义，更专注于宽带技术所需的房地产。但值得注意的是，SRVR 由房地产投资信托基金组成，与普通股票相比，房地产投资信托基金对投资者的影响有所不同。</blockquote></p><p><b>Water</b></p><p><blockquote><b>水</b></blockquote></p><p>“President Biden’s plan will eliminate all lead pipes and service lines in our drinking water systems, improving the health of our country’s children and communities of color,” the proposal notes.</p><p><blockquote>“提案指出：”拜登总统的计划将消除我们饮用水系统中的所有铅管和服务管线，改善我国儿童和有色人种社区的健康状况。</blockquote></p><p>“This is an investment theme that I thought was under the radar, but I’m pleasantly surprised to see that this ETF has a billion and a half in it,” Rosenbluth said. The fund in question is the Invesco Water Resources ETFPHO,+0.61%.</p><p><blockquote>“罗森布鲁斯说：”我原以为这是一个不为人知的投资主题，但我惊喜地看到这只 ETF 有 15 亿英镑。有问题的基金是景顺水资源ETFPHO，+0.61%。</blockquote></p><p>Rosenbluth calls PHO “extremely diversified” withholdingsin water utilities, machinery companies, industrials and materials companies that make the equipment to improve water infrastructure, life sciences tools and much more.</p><p><blockquote>罗森布鲁斯评级 PHO 在水务公用事业公司、机械公司、工业和材料公司中持有 “极其多元化 ”的股份，这些公司生产改善水利基础设施的设备、生命科学工具等。</blockquote></p><p>One added bonus of an ETF like this one, he said in an interview, is that they “tend to be cross-sector in nature. You’re surrounding the investment theme and participating in the broader ecosystem connected to that theme between the equipment and services.”</p><p><blockquote>他在接受采访时说，像这样的 ETF 还有一个额外的好处，那就是它们 “本质上往往是跨行业的。你围绕着投资主题，参与到设备和服务之间与该主题相关的更广泛的生态系统中”。</blockquote></p><p>The caveat is that it doesn’t fit easily into existing traditional portfolio designs. “This is not an easy replacement for an industrial sector ETF or for ones that track utilities,” Rosenbluth said. “This is a multi-shaped ETF. Still, it can be a nice complemen to an existing portfolio, particularly for an investor with a long-term horizon.”</p><p><blockquote>需要注意的是，它不容易融入现有的传统产品组合设计。“罗森布鲁斯说：”对于工业部门 ETF 或追踪公用事业的 ETF 来说，这并不容易替代。“这是一只多形状的 ETF。尽管如此，它仍然可以很好地补充现有投资组合，尤其是对于具有长远眼光的投资者而言。”</blockquote></p><p>PHO also charges a bit more than many ETFs: 50 basis points. It’s been around since 2005, however.</p><p><blockquote>PHO 的收费也比许多 ETF 略高：50 个基点。不过，它从 2005 年就已经存在了。</blockquote></p><p><b>Clean energy</b></p><p><blockquote><b>清洁能源</b></blockquote></p><p>As MarketWatch reported in mid-March,clean-energy ETFs have slumped in recent weeks, even though such spending figures prominently in the American Jobs Plan – and in spite of continued gains for the oil priceCL.1,0.63%.</p><p><blockquote>正如 MarketWatch 在 3 月中旬报道的那样，尽管此类支出在美国就业计划中占据突出地位，而且尽管油价持续上涨，但清洁能源 ETF 最近几周仍出现暴跌。</blockquote></p><p>At the time, Rosenbluth told MarketWatch, “these are really solid long-term investments.”</p><p><blockquote>当时，罗森布鲁斯告诉 MarketWatch：“这些都是非常可靠的长期投资。”</blockquote></p><p>In the year to date, some of the most-favored clean-energy ETFs are still down substantially after a big run-up in 2020. The largest, the ishares Global Clean Energy ETFICLN,+3.45%,is nearly 14% lower, for example, while the Invesco Solar ETFTAN,+2.80%is off 11%.</p><p><blockquote>今年迄今为止，一些最受欢迎的清洁能源 ETF 在 2020 年大幅上涨后仍大幅下跌。例如，最大的 ishares Global Clean Energy ETFICLN，+3.45%，下跌近 14%，而 Invesco Solar ETFTAN，+2.80%，下跌 11%。</blockquote></p><p>The group rallied Wednesday after the Biden plan was released, suggesting there’s likely to be upside as the legislation advances. Other funds to consider might be the First Trust Nasdaq Clean Edge Green Energy Index FundQCLN,+4.16%,and the ALPS Clean Energy ETF.ACES,+4.32%</p><p><blockquote>拜登计划公布后，该组织于周三举行了集会，这表明随着立法的推进，很可能会有上升空间。其他需要考虑的基金可能是 First Trust 纳斯达克 Clean Edge 绿色能源指数基金 QCLN,+4.16%, 和 ALPS Clean Energy ETF.ACES,+4.32%</blockquote></p><p><b>Transportation</b></p><p><blockquote><b>运输</b></blockquote></p><p>It’s not a sector that’s going to see an immediate jump from the infrastructure spending plan, but transportation will get an indirect boost if materials and workers are moved around the country by plane, train, and automobile — and it will be a beneficiary later of improvements to facilities like roads, bridges, airports, and so on.</p><p><blockquote>基础设施支出计划不会立即大幅增加，但如果材料和工人通过飞机、火车和汽车在全国各地运输，运输业将得到间接的推动--而且，随着道路、桥梁、机场等设施的改善，运输业也将成为受益者。</blockquote></p><p>Rosenbluth suggests investors consider either the iShares TransportationIYT,-0.49%Average ETF, which is market-weighted, or the SPDR S&amp;P Transportation ETFXTN,-0.83%,which is equal-weighted.</p><p><blockquote>Rosenbluth 建议投资者考虑市场加权的 iShares TransportationIYT,-0.49% 平均 ETF，或等加权的 SPDR S&amp;P Transportation ETFXTN,-0.83%。</blockquote></p><p>“These funds would seem to be latter cycle beneficiaries as opposed to the companies that will improve the roads and infrastructure but they are a clear beneficiary and investing is about the longer term,” Rosenbluth pointed out.</p><p><blockquote>“罗森布鲁斯指出：”这些基金似乎是后一个周期的受益者，而不是那些将改善道路和基础设施的公司，但它们是一个明显的受益者，投资是为了长远。</blockquote></p><p></p><p>Given their very different makeup, investors should look carefully at the portfolios for these two ETFs. IYT’s top three holdings, for example, are FedEx Corp.FDX,-0.66%at 12%, Norfolk Southern Corp.NSC,-0.65%at 11%, and Kansas City SouthernKSU,+1.65%making up 11% of the portfolio.</p><p><blockquote>鉴于它们的构成截然不同，投资者应仔细查看这两只 ETF 的投资组合。例如，IYT 的三大持股分别是联邦快递公司（FedEx Corp.FDX）、诺福克南方公司（Norfolk Southern Corp.NSC）和堪萨斯城南方公司（Kansas City SouthernKSU），+1.65%，占投资组合的 11%。</blockquote></p><p>Kansas City Southern is XTN’s biggest holding, but only makes up 3.2% of the portfolio. Avis Budget Group Inc.CAR,-3.28%is second, at 2.9%, and Expeditors International of Washington Inc.EXPD,+0.42%,a logistics company, is third at 2.8%.</p><p><blockquote>堪萨斯城南方航空是 XTN 最大的持股公司，但仅占投资组合的 3.2%。Avis Budget Group Inc.CAR（-3.28%）位居第二，为 2.9%；物流公司 Expeditors International of Washington Inc.EXPD（+0.42%）位居第三，为 2.8%。</blockquote></p><p></p>","source":"lsy1604288433698","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>Here are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的 ETF</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\">\nHere are the ETFs to help you invest in the Biden infrastructure plan<blockquote>以下是帮助您投资拜登基础设施计划的 ETF</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Market Wacth</strong><span class=\"h-time small\">2021-04-01 09:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, there are some stocks and exchange-traded funds that will benefit.</p><p><blockquote>随着乔·拜登总统公布被称为美国就业计划的大规模基础设施一揽子计划，一些股票和交易所交易基金将受益。</blockquote></p><p>MarketWatch coveredseveral of the infrastructure-specific ETFsback in November, and they may still be a great place for investors to put money to work.</p><p><blockquote>MarketWatch 早在 11 月份就报道了几只基础设施特定 ETF，它们可能仍然是投资者投资的好地方。</blockquote></p><p>But there are other funds and thematic approaches that may be a bit less obvious but which should offer excellent returns from the kind of spending Biden is proposing. MarketWatch spoke with CFRA’s head of mutual fund and ETF research, Todd Rosenbluth, for some ideas.</p><p><blockquote>但还有其他基金和主题方法可能不太明显，但应该会从拜登提议的支出中提供丰厚的回报。MarketWatch 采访了 CFRA 共同基金和 ETF 研究主管托德-罗森布鲁斯（Todd Rosenbluth），了解一些想法。</blockquote></p><p><b>Broadband</b></p><p><blockquote><b>宽带</b></blockquote></p><p>In a release outlining the plan, the Biden administration wrote, “Broadband internet is the new electricity. It is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected.”</p><p><blockquote>拜登政府在一份概述该计划的新闻稿中写道：“宽带互联网是新的电力。美国人有必要做好自己的工作，平等地参与学校学习、医疗保健，并保持联系。”</blockquote></p><p>To invest in this theme, Rosenbluth suggests the Defiance Next Gen Connectivity ETFFIVG,+0.74%,which has the succinct ticker FIVG. Itsholdingsare “soup to nuts” companies that stand to benefit from a broader roll-out of data infrastructure, including cellular antennas and routers, mobile network operators, satellite-based communications, cloud computing equipment, fiber optic cables, data center real estate investment trusts, and much more.</p><p><blockquote>为了投资这一主题，Rosenbluth 建议投资 Defiance Next Gen Connectivity ETFFIVG,+0.74%，其股票代码为 FIVG。其控股公司是 “坚果汤 ”公司，这些公司将从更广泛的数据基础设施推广中受益，包括蜂窝天线和路由器、移动网络运营商、卫星通信、云计算设备、光纤电缆、数据中心房地产投资信托基金等等。</blockquote></p><p>FIVG has about $1.1 billion in assets, charges a 30-basis point management fee, and has been around for about two years.</p><p><blockquote>FIVG拥有约11亿美元的资产，收取30个基点的管理费，已经存在了大约两年。</blockquote></p><p>Another option, the Pacer Benchmark Data &amp; Infrastructure Real Estate SCTR ETFSRVR,+0.72%,is more focused, as the name suggests, on the real estate needed for broadband technology. It’s important to note, however, that SRVR ismade up of real estate investment trusts, which have some different implications for investors than straight stocks do.</p><p><blockquote>另一个选择是 Pacer Benchmark Data &amp; Infrastructure Real Estate SCTR ETFSRVR，+0.72%，顾名思义，更专注于宽带技术所需的房地产。但值得注意的是，SRVR 由房地产投资信托基金组成，与普通股票相比，房地产投资信托基金对投资者的影响有所不同。</blockquote></p><p><b>Water</b></p><p><blockquote><b>水</b></blockquote></p><p>“President Biden’s plan will eliminate all lead pipes and service lines in our drinking water systems, improving the health of our country’s children and communities of color,” the proposal notes.</p><p><blockquote>“提案指出：”拜登总统的计划将消除我们饮用水系统中的所有铅管和服务管线，改善我国儿童和有色人种社区的健康状况。</blockquote></p><p>“This is an investment theme that I thought was under the radar, but I’m pleasantly surprised to see that this ETF has a billion and a half in it,” Rosenbluth said. The fund in question is the Invesco Water Resources ETFPHO,+0.61%.</p><p><blockquote>“罗森布鲁斯说：”我原以为这是一个不为人知的投资主题，但我惊喜地看到这只 ETF 有 15 亿英镑。有问题的基金是景顺水资源ETFPHO，+0.61%。</blockquote></p><p>Rosenbluth calls PHO “extremely diversified” withholdingsin water utilities, machinery companies, industrials and materials companies that make the equipment to improve water infrastructure, life sciences tools and much more.</p><p><blockquote>罗森布鲁斯评级 PHO 在水务公用事业公司、机械公司、工业和材料公司中持有 “极其多元化 ”的股份，这些公司生产改善水利基础设施的设备、生命科学工具等。</blockquote></p><p>One added bonus of an ETF like this one, he said in an interview, is that they “tend to be cross-sector in nature. You’re surrounding the investment theme and participating in the broader ecosystem connected to that theme between the equipment and services.”</p><p><blockquote>他在接受采访时说，像这样的 ETF 还有一个额外的好处，那就是它们 “本质上往往是跨行业的。你围绕着投资主题，参与到设备和服务之间与该主题相关的更广泛的生态系统中”。</blockquote></p><p>The caveat is that it doesn’t fit easily into existing traditional portfolio designs. “This is not an easy replacement for an industrial sector ETF or for ones that track utilities,” Rosenbluth said. “This is a multi-shaped ETF. Still, it can be a nice complemen to an existing portfolio, particularly for an investor with a long-term horizon.”</p><p><blockquote>需要注意的是，它不容易融入现有的传统产品组合设计。“罗森布鲁斯说：”对于工业部门 ETF 或追踪公用事业的 ETF 来说，这并不容易替代。“这是一只多形状的 ETF。尽管如此，它仍然可以很好地补充现有投资组合，尤其是对于具有长远眼光的投资者而言。”</blockquote></p><p>PHO also charges a bit more than many ETFs: 50 basis points. It’s been around since 2005, however.</p><p><blockquote>PHO 的收费也比许多 ETF 略高：50 个基点。不过，它从 2005 年就已经存在了。</blockquote></p><p><b>Clean energy</b></p><p><blockquote><b>清洁能源</b></blockquote></p><p>As MarketWatch reported in mid-March,clean-energy ETFs have slumped in recent weeks, even though such spending figures prominently in the American Jobs Plan – and in spite of continued gains for the oil priceCL.1,0.63%.</p><p><blockquote>正如 MarketWatch 在 3 月中旬报道的那样，尽管此类支出在美国就业计划中占据突出地位，而且尽管油价持续上涨，但清洁能源 ETF 最近几周仍出现暴跌。</blockquote></p><p>At the time, Rosenbluth told MarketWatch, “these are really solid long-term investments.”</p><p><blockquote>当时，罗森布鲁斯告诉 MarketWatch：“这些都是非常可靠的长期投资。”</blockquote></p><p>In the year to date, some of the most-favored clean-energy ETFs are still down substantially after a big run-up in 2020. The largest, the ishares Global Clean Energy ETFICLN,+3.45%,is nearly 14% lower, for example, while the Invesco Solar ETFTAN,+2.80%is off 11%.</p><p><blockquote>今年迄今为止，一些最受欢迎的清洁能源 ETF 在 2020 年大幅上涨后仍大幅下跌。例如，最大的 ishares Global Clean Energy ETFICLN，+3.45%，下跌近 14%，而 Invesco Solar ETFTAN，+2.80%，下跌 11%。</blockquote></p><p>The group rallied Wednesday after the Biden plan was released, suggesting there’s likely to be upside as the legislation advances. Other funds to consider might be the First Trust Nasdaq Clean Edge Green Energy Index FundQCLN,+4.16%,and the ALPS Clean Energy ETF.ACES,+4.32%</p><p><blockquote>拜登计划公布后，该组织于周三举行了集会，这表明随着立法的推进，很可能会有上升空间。其他需要考虑的基金可能是 First Trust 纳斯达克 Clean Edge 绿色能源指数基金 QCLN,+4.16%, 和 ALPS Clean Energy ETF.ACES,+4.32%</blockquote></p><p><b>Transportation</b></p><p><blockquote><b>运输</b></blockquote></p><p>It’s not a sector that’s going to see an immediate jump from the infrastructure spending plan, but transportation will get an indirect boost if materials and workers are moved around the country by plane, train, and automobile — and it will be a beneficiary later of improvements to facilities like roads, bridges, airports, and so on.</p><p><blockquote>基础设施支出计划不会立即大幅增加，但如果材料和工人通过飞机、火车和汽车在全国各地运输，运输业将得到间接的推动--而且，随着道路、桥梁、机场等设施的改善，运输业也将成为受益者。</blockquote></p><p>Rosenbluth suggests investors consider either the iShares TransportationIYT,-0.49%Average ETF, which is market-weighted, or the SPDR S&amp;P Transportation ETFXTN,-0.83%,which is equal-weighted.</p><p><blockquote>Rosenbluth 建议投资者考虑市场加权的 iShares TransportationIYT,-0.49% 平均 ETF，或等加权的 SPDR S&amp;P Transportation ETFXTN,-0.83%。</blockquote></p><p>“These funds would seem to be latter cycle beneficiaries as opposed to the companies that will improve the roads and infrastructure but they are a clear beneficiary and investing is about the longer term,” Rosenbluth pointed out.</p><p><blockquote>“罗森布鲁斯指出：”这些基金似乎是后一个周期的受益者，而不是那些将改善道路和基础设施的公司，但它们是一个明显的受益者，投资是为了长远。</blockquote></p><p></p><p>Given their very different makeup, investors should look carefully at the portfolios for these two ETFs. IYT’s top three holdings, for example, are FedEx Corp.FDX,-0.66%at 12%, Norfolk Southern Corp.NSC,-0.65%at 11%, and Kansas City SouthernKSU,+1.65%making up 11% of the portfolio.</p><p><blockquote>鉴于它们的构成截然不同，投资者应仔细查看这两只 ETF 的投资组合。例如，IYT 的三大持股分别是联邦快递公司（FedEx Corp.FDX）、诺福克南方公司（Norfolk Southern Corp.NSC）和堪萨斯城南方公司（Kansas City SouthernKSU），+1.65%，占投资组合的 11%。</blockquote></p><p>Kansas City Southern is XTN’s biggest holding, but only makes up 3.2% of the portfolio. Avis Budget Group Inc.CAR,-3.28%is second, at 2.9%, and Expeditors International of Washington Inc.EXPD,+0.42%,a logistics company, is third at 2.8%.</p><p><blockquote>堪萨斯城南方航空是 XTN 最大的持股公司，但仅占投资组合的 3.2%。Avis Budget Group Inc.CAR（-3.28%）位居第二，为 2.9%；物流公司 Expeditors International of Washington Inc.EXPD（+0.42%）位居第三，为 2.8%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/here-are-the-etfs-to-help-you-invest-in-the-biden-infrastructure-plan-11617218128?mod=home-page\">Market Wacth</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":{"ICLN":"iShares S&P Global Clean Energy","QCLN":"First Trust NASDAQ Clean Edge Green Energy Index Fund","TAN":"太阳能ETF-Guggenheim","ACES":"ALPS Clean Energy ETF","XTN":"SPDR S&P Transportation ETF","PHO":"水资源ETF-PowerShares","FIVG":"Defiance Next Gen Connectivity ETF","IYT":"运输指数ETF-iShares","SRVR":"PACER DATA & INFRASTRUCTURE REAL ESTATE ETF"},"source_url":"https://www.marketwatch.com/story/here-are-the-etfs-to-help-you-invest-in-the-biden-infrastructure-plan-11617218128?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153467447","content_text":"As President Joe Biden unveils the massive infrastructure package known asThe American Jobs Plan, there are some stocks and exchange-traded funds that will benefit.MarketWatch coveredseveral of the infrastructure-specific ETFsback in November, and they may still be a great place for investors to put money to work.But there are other funds and thematic approaches that may be a bit less obvious but which should offer excellent returns from the kind of spending Biden is proposing. MarketWatch spoke with CFRA’s head of mutual fund and ETF research, Todd Rosenbluth, for some ideas.BroadbandIn a release outlining the plan, the Biden administration wrote, “Broadband internet is the new electricity. It is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected.”To invest in this theme, Rosenbluth suggests the Defiance Next Gen Connectivity ETFFIVG,+0.74%,which has the succinct ticker FIVG. Itsholdingsare “soup to nuts” companies that stand to benefit from a broader roll-out of data infrastructure, including cellular antennas and routers, mobile network operators, satellite-based communications, cloud computing equipment, fiber optic cables, data center real estate investment trusts, and much more.FIVG has about $1.1 billion in assets, charges a 30-basis point management fee, and has been around for about two years.Another option, the Pacer Benchmark Data & Infrastructure Real Estate SCTR ETFSRVR,+0.72%,is more focused, as the name suggests, on the real estate needed for broadband technology. It’s important to note, however, that SRVR ismade up of real estate investment trusts, which have some different implications for investors than straight stocks do.Water“President Biden’s plan will eliminate all lead pipes and service lines in our drinking water systems, improving the health of our country’s children and communities of color,” the proposal notes.“This is an investment theme that I thought was under the radar, but I’m pleasantly surprised to see that this ETF has a billion and a half in it,” Rosenbluth said. The fund in question is the Invesco Water Resources ETFPHO,+0.61%.Rosenbluth calls PHO “extremely diversified” withholdingsin water utilities, machinery companies, industrials and materials companies that make the equipment to improve water infrastructure, life sciences tools and much more.One added bonus of an ETF like this one, he said in an interview, is that they “tend to be cross-sector in nature. You’re surrounding the investment theme and participating in the broader ecosystem connected to that theme between the equipment and services.”The caveat is that it doesn’t fit easily into existing traditional portfolio designs. “This is not an easy replacement for an industrial sector ETF or for ones that track utilities,” Rosenbluth said. “This is a multi-shaped ETF. Still, it can be a nice complemen to an existing portfolio, particularly for an investor with a long-term horizon.”PHO also charges a bit more than many ETFs: 50 basis points. It’s been around since 2005, however.Clean energyAs MarketWatch reported in mid-March,clean-energy ETFs have slumped in recent weeks, even though such spending figures prominently in the American Jobs Plan – and in spite of continued gains for the oil priceCL.1,0.63%.At the time, Rosenbluth told MarketWatch, “these are really solid long-term investments.”In the year to date, some of the most-favored clean-energy ETFs are still down substantially after a big run-up in 2020. The largest, the ishares Global Clean Energy ETFICLN,+3.45%,is nearly 14% lower, for example, while the Invesco Solar ETFTAN,+2.80%is off 11%.The group rallied Wednesday after the Biden plan was released, suggesting there’s likely to be upside as the legislation advances. Other funds to consider might be the First Trust Nasdaq Clean Edge Green Energy Index FundQCLN,+4.16%,and the ALPS Clean Energy ETF.ACES,+4.32%TransportationIt’s not a sector that’s going to see an immediate jump from the infrastructure spending plan, but transportation will get an indirect boost if materials and workers are moved around the country by plane, train, and automobile — and it will be a beneficiary later of improvements to facilities like roads, bridges, airports, and so on.Rosenbluth suggests investors consider either the iShares TransportationIYT,-0.49%Average ETF, which is market-weighted, or the SPDR S&P Transportation ETFXTN,-0.83%,which is equal-weighted.“These funds would seem to be latter cycle beneficiaries as opposed to the companies that will improve the roads and infrastructure but they are a clear beneficiary and investing is about the longer term,” Rosenbluth pointed out.Given their very different makeup, investors should look carefully at the portfolios for these two ETFs. IYT’s top three holdings, for example, are FedEx Corp.FDX,-0.66%at 12%, Norfolk Southern Corp.NSC,-0.65%at 11%, and Kansas City SouthernKSU,+1.65%making up 11% of the portfolio.Kansas City Southern is XTN’s biggest holding, but only makes up 3.2% of the portfolio. Avis Budget Group Inc.CAR,-3.28%is second, at 2.9%, and Expeditors International of Washington Inc.EXPD,+0.42%,a logistics company, is third at 2.8%.","news_type":1,"symbols_score_info":{"ICLN":0.9,"SRVR":0.9,"PHO":0.9,"TAN":0.9,"ACES":0.9,"XTN":0.9,"QCLN":0.9,"FIVG":0.9,"IYT":0.9}},"isVote":1,"tweetType":1,"viewCount":2789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359720826,"gmtCreate":1616424834765,"gmtModify":1634525878396,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359720826","repostId":"1121535008","repostType":2,"repost":{"id":"1121535008","kind":"news","pubTimestamp":1616400620,"share":"https://www.laohunote.com/m/news/1121535008?lang=zh_CN&edition=full","pubTime":"2021-03-22 16:10","market":"us","language":"en","title":"GameStop Earnings Are Coming. Nobody Knows What to Expect.<blockquote>游戏驿站的收益即将到来。没人知道会发生什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121535008","media":"Barrons","summary":"After two months of wild trading,GameStop will report results for its January quarter on Tuesday. Wh","content":"<p>After two months of&nbsp;wild trading,GameStop&nbsp;will report results for its&nbsp;January quarter on Tuesday. What that means for the stock is anyone’s guess.</p><p><blockquote>经过两个月的疯狂交易， GameStop 将于周二公布一月份季度的业绩。这对该股意味着什么，谁也说不准。</blockquote></p><p>In a note Thursday, Wedbush analyst Michael Pachter wrote that GameStop is “well-positioned to be a primary beneficiary of the new console launches.” But he thinks the stock is trading at levels that are disconnected from fundamentals. Though Pachter rates the stock at Neutral, he has a $16 price target. GameStop stock was down 0.7% to $200.27 on Friday.</p><p><blockquote>Wedbush 分析师 Michael Pachter 在周四的一份报告中写道，游戏驿站 “完全有能力成为新游戏机发布的主要受益者”。但他认为该股的交易水平与基本面脱节。尽管 Pachter 对该股的评级为中性，但他的目标价为 16 美元。游戏驿站股价周五下跌 0.7%，至 200.27 美元。</blockquote></p><p>By now, many Americans know why. GameStop stock was widely panned by Wall Street analysts, with the stock falling around the price of a Happy Meal a year ago. It garnered an obscene short interest, meaning hedge funds were&nbsp;lining up to bet on a price decline. But when short sellers get ahead of themselves, positive news can send stocks soaring as they rush to buy shares to close out their bets in the face of unlimited downside.</p><p><blockquote>现在，许多美国人知道为什么了。游戏驿站股票受到华尔街分析师的广泛批评，该股在一年前的开心乐园套餐价格附近下跌。它获得了令人作呕的空头兴趣，这意味着对冲基金正在排队押注价格下跌。但当卖空者超越自己时，积极的消息可能会导致股市飙升，因为他们在面对无限的下跌时争相购买股票以平仓。</blockquote></p><p>In the second half of last year, Chewy co-founder Ryan Cohen entered the mix. He revealed a stake and later called for major changes. He upped his stake in December and joined the board in January with two associates.</p><p><blockquote>去年下半年，Chewy 联合创始人 Ryan Cohen 加入了这一行列。他透露了一个利害关系，后来呼吁进行重大变革。他于 12 月增持股份，并于 1 月与两名合伙人一起加入董事会。</blockquote></p><p>Keying in on the stock’s short interest, and the possibility that GameStop could find a second life as a gaming-focused e-commerce player, retail traders on Reddit’s WallStreetBets forum piled into GameStop stock.Technical quirks of options activity, the aforementioned short interest, and the newfound enthusiasm sent GameStop stock surging in January.</p><p><blockquote>Reddit 的 WallStreetBets 论坛上的散户交易员们纷纷买入游戏驿站股票，因为人们对该股的空头兴趣很高，而且游戏驿站有可能作为一家专注于游戏的电子商务公司获得第二次生命。期权活动的技术怪癖、前面提到的空头兴趣以及新发现的热情导致游戏驿站股票在一月份飙升。</blockquote></p><p><img src=\"https://static.tigerbbs.com/af4f6daf9f72eda7b3a36b48e50ba509\" tg-width=\"1064\" tg-height=\"1255\"></p><p><blockquote></blockquote></p><p>WallStreetBets made it to the front pages of national newspapers, and the bearish hedge funds got torched. It also kicked off a debate about short selling, as well as one about retail traders’ access to financial markets after Robinhood and other brokers temporarily limited buying of the stock due to financial requirements from their clearinghouses.</p><p><blockquote>华尔街的赌注登上了全国性报纸的头版，看跌的对冲基金被点燃了。在 Robinhood 和其他经纪商因清算所的财务要求而暂时限制购买该股票后，这也引发了一场关于卖空的辩论，以及一场关于散户交易者进入金融市场的辩论。</blockquote></p><p>GameStop stock fell back around $40 but surged again in the past month. Though GameStop announced&nbsp;a hunt for a new chief financial officer, some&nbsp;promising e-commerce-focused hires, and a board committee chaired by Cohen to guide its transformation into a technology company, it hasn’t provided an update on sales or its prospects since its holiday sales release on Jan. 11, which signaled a disappointing December.</p><p><blockquote>游戏驿站股价回落至 40 美元左右，但在过去一个月再次飙升。尽管游戏驿站宣布将招聘新的首席财务官，招聘一些有前途的电子商务招聘人员，并成立一个由科恩担任主席的董事会委员会，以指导其向科技公司的转型，但自 1 月 11 日发布假日销售报告以来，该公司一直没有提供最新的销售或前景，这预示着 12 月份的业绩令人失望。</blockquote></p><p>For the full fiscal fourth quarter, Pachter, the analyst at Wedbush, expects sales of $2.3 billion, comparable sales up 4.8% year-over-year, and adjusted earnings of $1.38 a share. He notes that GameStop’s holiday sales report indicated same-store sales were down year-over-year in December andlagged behind positive industrywide data from NPD.He notes the company has lost market share in recent periods to competitors amid a shift to internet spending.</p><p><blockquote>Wedbush 分析师 Pachter 预计整个第四财季销售额为 23 亿美元，可比销售额同比增长 4.8%，调整后每股收益为 1.38 美元。他指出，游戏驿站的假日销售报告显示，12 月份同店销售额同比下降，落后于 NPD 公布的全行业积极数据。他指出，由于转向互联网支出，该公司最近一段时间的市场份额被竞争对手夺走。</blockquote></p><p>BofA Global Research analyst Curtis Nagle wrote in a Friday note that he expects an underwhelming quarter, albeit a profitable one. He wrote that while the recent announcements related to Cohen and new hires are positive, in theory, there haven’t been actual details on cost, timeline, and impacts to earnings of a turnaround plan. He has a $10 price objective with an Underperform rating, noting that the stock’s current valuation and historic multiple would imply earnings before interest, taxes, depreciation, and amortization of $3.5 billion, about four times its peak Ebitda from 2015.</p><p><blockquote>美国银行全球研究分析师柯蒂斯·内格尔 (Curtis Nagle) 在周五的一份报告中写道，他预计本季度业绩将令人失望，尽管本季度盈利。他写道，虽然最近有关科恩和新员工的公告是积极的，但从理论上讲，还没有关于扭亏为盈计划的成本、时间表和对盈利影响的实际细节。他的目标价为 10 美元，评级为跑输大盘，并指出该股目前的估值和历史市盈率意味着息税折旧摊销前利润为 35 亿美元，约为 2015 年 Ebitda 峰值的四倍。</blockquote></p><p>Nagle’s note included an analysis on the impact of $1,400 direct payments on the stock, the idea being that retail investors will use their latest windfall on GameStop stock. His takeaway is that the “stimmies,” as he calls them, will not impact GameStop stock going forward.</p><p><blockquote>内格尔在说明中分析了 1400 美元直接支付对股票的影响，其目的是让散户投资者将把最新的意外之财用于游戏驿站股票。他的观点是，他评级的 “stimmies ”不会影响游戏驿站股票的未来。</blockquote></p><p>Of course, what analysts have said about GameStop stock hasn’t had much of an impact on its recent moves. A positive update on the turnaround plan could thwart the remaining bears in the near term. On the flip side, any commentary on&nbsp;possible stock sales&nbsp;could be negative. Pachter had expected short sellers to abandon their bets, with the stock returning to more fundamental-based levels. That hasn’t happened, he noted.</p><p><blockquote>当然，分析师对游戏驿站股票的评价并没有对其近期的走势产生太大影响。扭亏为盈计划的积极更新可能会在短期内挫败剩余的空头。另一方面，任何关于可能出售股票的评论都可能是负面的。Pachter 预计卖空者会放弃押注，该股将回到更基于基本面的水平。他指出，这种情况并没有发生。</blockquote></p><p>“Activists control the company’s board, and lead activist Ryan Cohen, founder of Chewy, intends to unveil a new strategy sometime soon,” Pachter added. “When the new strategy is revealed and we are able to evaluate it, we will revisit our estimates and PT.”</p><p><blockquote>“激进分子控制着公司的董事会，首席激进分子、Chewy 的创始人 Ryan Cohen 打算在不久的将来公布一项新战略，”Pachter 补充道。“当新战略公布，我们能够对其进行评估时，我们将重新审视我们的估算和 PT。”</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>GameStop Earnings Are Coming. Nobody Knows What to Expect.<blockquote>游戏驿站的收益即将到来。没人知道会发生什么。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Earnings Are Coming. Nobody Knows What to Expect.<blockquote>游戏驿站的收益即将到来。没人知道会发生什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-22 16:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After two months of&nbsp;wild trading,GameStop&nbsp;will report results for its&nbsp;January quarter on Tuesday. What that means for the stock is anyone’s guess.</p><p><blockquote>经过两个月的疯狂交易， GameStop 将于周二公布一月份季度的业绩。这对该股意味着什么，谁也说不准。</blockquote></p><p>In a note Thursday, Wedbush analyst Michael Pachter wrote that GameStop is “well-positioned to be a primary beneficiary of the new console launches.” But he thinks the stock is trading at levels that are disconnected from fundamentals. Though Pachter rates the stock at Neutral, he has a $16 price target. GameStop stock was down 0.7% to $200.27 on Friday.</p><p><blockquote>Wedbush 分析师 Michael Pachter 在周四的一份报告中写道，游戏驿站 “完全有能力成为新游戏机发布的主要受益者”。但他认为该股的交易水平与基本面脱节。尽管 Pachter 对该股的评级为中性，但他的目标价为 16 美元。游戏驿站股价周五下跌 0.7%，至 200.27 美元。</blockquote></p><p>By now, many Americans know why. GameStop stock was widely panned by Wall Street analysts, with the stock falling around the price of a Happy Meal a year ago. It garnered an obscene short interest, meaning hedge funds were&nbsp;lining up to bet on a price decline. But when short sellers get ahead of themselves, positive news can send stocks soaring as they rush to buy shares to close out their bets in the face of unlimited downside.</p><p><blockquote>现在，许多美国人知道为什么了。游戏驿站股票受到华尔街分析师的广泛批评，该股在一年前的开心乐园套餐价格附近下跌。它获得了令人作呕的空头兴趣，这意味着对冲基金正在排队押注价格下跌。但当卖空者超越自己时，积极的消息可能会导致股市飙升，因为他们在面对无限的下跌时争相购买股票以平仓。</blockquote></p><p>In the second half of last year, Chewy co-founder Ryan Cohen entered the mix. He revealed a stake and later called for major changes. He upped his stake in December and joined the board in January with two associates.</p><p><blockquote>去年下半年，Chewy 联合创始人 Ryan Cohen 加入了这一行列。他透露了一个利害关系，后来呼吁进行重大变革。他于 12 月增持股份，并于 1 月与两名合伙人一起加入董事会。</blockquote></p><p>Keying in on the stock’s short interest, and the possibility that GameStop could find a second life as a gaming-focused e-commerce player, retail traders on Reddit’s WallStreetBets forum piled into GameStop stock.Technical quirks of options activity, the aforementioned short interest, and the newfound enthusiasm sent GameStop stock surging in January.</p><p><blockquote>Reddit 的 WallStreetBets 论坛上的散户交易员们纷纷买入游戏驿站股票，因为人们对该股的空头兴趣很高，而且游戏驿站有可能作为一家专注于游戏的电子商务公司获得第二次生命。期权活动的技术怪癖、前面提到的空头兴趣以及新发现的热情导致游戏驿站股票在一月份飙升。</blockquote></p><p><img src=\"https://static.tigerbbs.com/af4f6daf9f72eda7b3a36b48e50ba509\" tg-width=\"1064\" tg-height=\"1255\"></p><p><blockquote></blockquote></p><p>WallStreetBets made it to the front pages of national newspapers, and the bearish hedge funds got torched. It also kicked off a debate about short selling, as well as one about retail traders’ access to financial markets after Robinhood and other brokers temporarily limited buying of the stock due to financial requirements from their clearinghouses.</p><p><blockquote>华尔街的赌注登上了全国性报纸的头版，看跌的对冲基金被点燃了。在 Robinhood 和其他经纪商因清算所的财务要求而暂时限制购买该股票后，这也引发了一场关于卖空的辩论，以及一场关于散户交易者进入金融市场的辩论。</blockquote></p><p>GameStop stock fell back around $40 but surged again in the past month. Though GameStop announced&nbsp;a hunt for a new chief financial officer, some&nbsp;promising e-commerce-focused hires, and a board committee chaired by Cohen to guide its transformation into a technology company, it hasn’t provided an update on sales or its prospects since its holiday sales release on Jan. 11, which signaled a disappointing December.</p><p><blockquote>游戏驿站股价回落至 40 美元左右，但在过去一个月再次飙升。尽管游戏驿站宣布将招聘新的首席财务官，招聘一些有前途的电子商务招聘人员，并成立一个由科恩担任主席的董事会委员会，以指导其向科技公司的转型，但自 1 月 11 日发布假日销售报告以来，该公司一直没有提供最新的销售或前景，这预示着 12 月份的业绩令人失望。</blockquote></p><p>For the full fiscal fourth quarter, Pachter, the analyst at Wedbush, expects sales of $2.3 billion, comparable sales up 4.8% year-over-year, and adjusted earnings of $1.38 a share. He notes that GameStop’s holiday sales report indicated same-store sales were down year-over-year in December andlagged behind positive industrywide data from NPD.He notes the company has lost market share in recent periods to competitors amid a shift to internet spending.</p><p><blockquote>Wedbush 分析师 Pachter 预计整个第四财季销售额为 23 亿美元，可比销售额同比增长 4.8%，调整后每股收益为 1.38 美元。他指出，游戏驿站的假日销售报告显示，12 月份同店销售额同比下降，落后于 NPD 公布的全行业积极数据。他指出，由于转向互联网支出，该公司最近一段时间的市场份额被竞争对手夺走。</blockquote></p><p>BofA Global Research analyst Curtis Nagle wrote in a Friday note that he expects an underwhelming quarter, albeit a profitable one. He wrote that while the recent announcements related to Cohen and new hires are positive, in theory, there haven’t been actual details on cost, timeline, and impacts to earnings of a turnaround plan. He has a $10 price objective with an Underperform rating, noting that the stock’s current valuation and historic multiple would imply earnings before interest, taxes, depreciation, and amortization of $3.5 billion, about four times its peak Ebitda from 2015.</p><p><blockquote>美国银行全球研究分析师柯蒂斯·内格尔 (Curtis Nagle) 在周五的一份报告中写道，他预计本季度业绩将令人失望，尽管本季度盈利。他写道，虽然最近有关科恩和新员工的公告是积极的，但从理论上讲，还没有关于扭亏为盈计划的成本、时间表和对盈利影响的实际细节。他的目标价为 10 美元，评级为跑输大盘，并指出该股目前的估值和历史市盈率意味着息税折旧摊销前利润为 35 亿美元，约为 2015 年 Ebitda 峰值的四倍。</blockquote></p><p>Nagle’s note included an analysis on the impact of $1,400 direct payments on the stock, the idea being that retail investors will use their latest windfall on GameStop stock. His takeaway is that the “stimmies,” as he calls them, will not impact GameStop stock going forward.</p><p><blockquote>内格尔在说明中分析了 1400 美元直接支付对股票的影响，其目的是让散户投资者将把最新的意外之财用于游戏驿站股票。他的观点是，他评级的 “stimmies ”不会影响游戏驿站股票的未来。</blockquote></p><p>Of course, what analysts have said about GameStop stock hasn’t had much of an impact on its recent moves. A positive update on the turnaround plan could thwart the remaining bears in the near term. On the flip side, any commentary on&nbsp;possible stock sales&nbsp;could be negative. Pachter had expected short sellers to abandon their bets, with the stock returning to more fundamental-based levels. That hasn’t happened, he noted.</p><p><blockquote>当然，分析师对游戏驿站股票的评价并没有对其近期的走势产生太大影响。扭亏为盈计划的积极更新可能会在短期内挫败剩余的空头。另一方面，任何关于可能出售股票的评论都可能是负面的。Pachter 预计卖空者会放弃押注，该股将回到更基于基本面的水平。他指出，这种情况并没有发生。</blockquote></p><p>“Activists control the company’s board, and lead activist Ryan Cohen, founder of Chewy, intends to unveil a new strategy sometime soon,” Pachter added. “When the new strategy is revealed and we are able to evaluate it, we will revisit our estimates and PT.”</p><p><blockquote>“激进分子控制着公司的董事会，首席激进分子、Chewy 的创始人 Ryan Cohen 打算在不久的将来公布一项新战略，”Pachter 补充道。“当新战略公布，我们能够对其进行评估时，我们将重新审视我们的估算和 PT。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/gamestop-earnings-are-coming-nobody-knows-what-to-expect-51616176937?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":{"GME":"游戏驿站"},"source_url":"https://www.barrons.com/articles/gamestop-earnings-are-coming-nobody-knows-what-to-expect-51616176937?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121535008","content_text":"After two months of wild trading,GameStop will report results for its January quarter on Tuesday. What that means for the stock is anyone’s guess.In a note Thursday, Wedbush analyst Michael Pachter wrote that GameStop is “well-positioned to be a primary beneficiary of the new console launches.” But he thinks the stock is trading at levels that are disconnected from fundamentals. Though Pachter rates the stock at Neutral, he has a $16 price target. GameStop stock was down 0.7% to $200.27 on Friday.By now, many Americans know why. GameStop stock was widely panned by Wall Street analysts, with the stock falling around the price of a Happy Meal a year ago. It garnered an obscene short interest, meaning hedge funds were lining up to bet on a price decline. But when short sellers get ahead of themselves, positive news can send stocks soaring as they rush to buy shares to close out their bets in the face of unlimited downside.In the second half of last year, Chewy co-founder Ryan Cohen entered the mix. He revealed a stake and later called for major changes. He upped his stake in December and joined the board in January with two associates.Keying in on the stock’s short interest, and the possibility that GameStop could find a second life as a gaming-focused e-commerce player, retail traders on Reddit’s WallStreetBets forum piled into GameStop stock.Technical quirks of options activity, the aforementioned short interest, and the newfound enthusiasm sent GameStop stock surging in January.WallStreetBets made it to the front pages of national newspapers, and the bearish hedge funds got torched. It also kicked off a debate about short selling, as well as one about retail traders’ access to financial markets after Robinhood and other brokers temporarily limited buying of the stock due to financial requirements from their clearinghouses.GameStop stock fell back around $40 but surged again in the past month. Though GameStop announced a hunt for a new chief financial officer, some promising e-commerce-focused hires, and a board committee chaired by Cohen to guide its transformation into a technology company, it hasn’t provided an update on sales or its prospects since its holiday sales release on Jan. 11, which signaled a disappointing December.For the full fiscal fourth quarter, Pachter, the analyst at Wedbush, expects sales of $2.3 billion, comparable sales up 4.8% year-over-year, and adjusted earnings of $1.38 a share. He notes that GameStop’s holiday sales report indicated same-store sales were down year-over-year in December andlagged behind positive industrywide data from NPD.He notes the company has lost market share in recent periods to competitors amid a shift to internet spending.BofA Global Research analyst Curtis Nagle wrote in a Friday note that he expects an underwhelming quarter, albeit a profitable one. He wrote that while the recent announcements related to Cohen and new hires are positive, in theory, there haven’t been actual details on cost, timeline, and impacts to earnings of a turnaround plan. He has a $10 price objective with an Underperform rating, noting that the stock’s current valuation and historic multiple would imply earnings before interest, taxes, depreciation, and amortization of $3.5 billion, about four times its peak Ebitda from 2015.Nagle’s note included an analysis on the impact of $1,400 direct payments on the stock, the idea being that retail investors will use their latest windfall on GameStop stock. His takeaway is that the “stimmies,” as he calls them, will not impact GameStop stock going forward.Of course, what analysts have said about GameStop stock hasn’t had much of an impact on its recent moves. A positive update on the turnaround plan could thwart the remaining bears in the near term. On the flip side, any commentary on possible stock sales could be negative. Pachter had expected short sellers to abandon their bets, with the stock returning to more fundamental-based levels. That hasn’t happened, he noted.“Activists control the company’s board, and lead activist Ryan Cohen, founder of Chewy, intends to unveil a new strategy sometime soon,” Pachter added. “When the new strategy is revealed and we are able to evaluate it, we will revisit our estimates and PT.”","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":3851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324678213,"gmtCreate":1615991886932,"gmtModify":1703496104782,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>[黑眼圈]&nbsp;","listText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>[黑眼圈]&nbsp;","text":"$Taiwan Semiconductor Manufacturing(TSM)$[黑眼圈]","images":[{"img":"https://static.tigerbbs.com/040691d6e899fac6bcbe2279d2e28939","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/324678213","isVote":1,"tweetType":1,"viewCount":3842,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3450398809409245","authorId":"3450398809409245","name":"A胜天半子","avatar":"https://static.tigerbbs.com/7650a9e667bfb4b915410e236ed3b4d2","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3450398809409245","idStr":"3450398809409245"},"content":"入了15手期权","text":"入了15手期权","html":"入了15手期权"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":325328086,"gmtCreate":1615866693745,"gmtModify":1703494204950,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"Huat","listText":"Huat","text":"Huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325328086","repostId":"2119414911","repostType":2,"isVote":1,"tweetType":1,"viewCount":2180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322700466,"gmtCreate":1615823929655,"gmtModify":1703493695446,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322700466","repostId":"1144031621","repostType":4,"repost":{"id":"1144031621","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615821582,"share":"https://www.laohunote.com/m/news/1144031621?lang=zh_CN&edition=full","pubTime":"2021-03-15 23:19","market":"us","language":"en","title":"SOS Limited jumped nearly 22%<blockquote>SOS Limited 上涨近 22%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144031621","media":"Tiger Newspress","summary":"(March 15) SOS Limited stock surges nearly 22% after the company said itexpects to generateat least ","content":"<p>(March 15)&nbsp;SOS Limited&nbsp;stock&nbsp;surges&nbsp;nearly 22%&nbsp;after the company said itexpects to generateat least 41 bitcoin (BTC-USD) and 909 Ether(ETH-USD) in Q1 2021 after mining its first bitcoin on Feb. 24, 2021.</p><p><blockquote>（3 月 15 日）SOS Limited 股价飙升近 22%，此前该公司表示，在 2021 年 2 月 24 日开采首个比特币后，预计 2021 年第一季度将产生至少 41 个比特币 (BTC-USD) 和 909 个以太币 (ETH-USD)。</blockquote></p><p><img src=\"https://static.tigerbbs.com/79bede271469eb615b3e3f78580963cd\" tg-width=\"724\" tg-height=\"495\" referrerpolicy=\"no-referrer\">\"Our output should grow in future quarters as we receive and install our third batch of mining rigs and have a full quarter of operations for our current rigs,\" SOS Chief Financial Officer Steven Li said in at statement.</p><p><blockquote>SOS 首席财务官 Steven Li 在 at 声明中表示：“随着我们接收并安装第三批采矿钻机，并且我们当前钻机的运营时间已经满四分之一，我们的产量应该会在未来几个季度增长。”</blockquote></p><p>The company installed its second fleet of 5,000 mining rigs and expects its combined fleet to have the capacity&nbsp;to calculate an average of 353 Peta-Hashes per second (PH/s) for mining bitcoin and 707 Giga-Hashes per second (GH/s) for mining Ether.</p><p><blockquote>该公司安装了第二支由 5,000 台采矿钻机组成的车队，预计其合并后的车队能够平均每秒计算 353 个 Peta 哈希（PH/s）用于开采比特币，每秒计算 707 个千兆哈希（GH/s）用于开采乙醚。</blockquote></p><p>Its board also&nbsp;commissioned an independent review of the company's cryptocurrency mining activities.&nbsp;As part of the review, payments from multiple mining pools were traced to SOS through the public bitcoin and ETH blockchain ledgers.</p><p><blockquote>其董事会还委托对该公司的加密货币挖矿活动进行独立审查。作为审查的一部分，来自多个矿池的付款通过公共比特币和ETH区块链分类账被追踪到SOS。</blockquote></p><p>Recall that in February, short seller Culper Research saidit consideredSOS shares \"worthless,\" alleging that SOS's claims around its cryptocurrency mining purchases and acquisition appeared to be \"extremely problematic.\"</p><p><blockquote>回想一下，二月份，卖空者 Culper Research 表示，它认为 SOS 股票“毫无价值”，并声称 SOS 围绕其加密货币挖矿购买和收购的说法似乎“极其成问题”。</blockquote></p><p>The company also said the review validated SOS's control over certain electronic wallets and that the rate of bitcoin and ETH payouts received in those wallets was generally consistent with the expected productivity of its deployed fleet based on its hash rate capacity.</p><p><blockquote>该公司还表示，审查验证了 SOS 对某些电子钱包的控制，并且这些钱包中收到的比特币和 ETH 支付率与基于其哈希率容量的部署车队的预期生产力总体上一致。</blockquote></p><p>Bitcoin pulls back to about $56.6K after topping $60K over the weekend; Ether is also down in Monday trading (~3.8% to $1,786.83).</p><p><blockquote>比特币在周末突破 6 万美元后回落至约 5.66 万美元；以太币在周一交易中也下跌（约 3.8%，至 1,786.83 美元）。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SOS Limited jumped nearly 22%<blockquote>SOS Limited 上涨近 22%</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{ 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.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\">\nSOS Limited jumped nearly 22%<blockquote>SOS Limited 上涨近 22%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-15 23:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 15)&nbsp;SOS Limited&nbsp;stock&nbsp;surges&nbsp;nearly 22%&nbsp;after the company said itexpects to generateat least 41 bitcoin (BTC-USD) and 909 Ether(ETH-USD) in Q1 2021 after mining its first bitcoin on Feb. 24, 2021.</p><p><blockquote>（3 月 15 日）SOS Limited 股价飙升近 22%，此前该公司表示，在 2021 年 2 月 24 日开采首个比特币后，预计 2021 年第一季度将产生至少 41 个比特币 (BTC-USD) 和 909 个以太币 (ETH-USD)。</blockquote></p><p><img src=\"https://static.tigerbbs.com/79bede271469eb615b3e3f78580963cd\" tg-width=\"724\" tg-height=\"495\" referrerpolicy=\"no-referrer\">\"Our output should grow in future quarters as we receive and install our third batch of mining rigs and have a full quarter of operations for our current rigs,\" SOS Chief Financial Officer Steven Li said in at statement.</p><p><blockquote>SOS 首席财务官 Steven Li 在 at 声明中表示：“随着我们接收并安装第三批采矿钻机，并且我们当前钻机的运营时间已经满四分之一，我们的产量应该会在未来几个季度增长。”</blockquote></p><p>The company installed its second fleet of 5,000 mining rigs and expects its combined fleet to have the capacity&nbsp;to calculate an average of 353 Peta-Hashes per second (PH/s) for mining bitcoin and 707 Giga-Hashes per second (GH/s) for mining Ether.</p><p><blockquote>该公司安装了第二支由 5,000 台采矿钻机组成的车队，预计其合并后的车队能够平均每秒计算 353 个 Peta 哈希（PH/s）用于开采比特币，每秒计算 707 个千兆哈希（GH/s）用于开采乙醚。</blockquote></p><p>Its board also&nbsp;commissioned an independent review of the company's cryptocurrency mining activities.&nbsp;As part of the review, payments from multiple mining pools were traced to SOS through the public bitcoin and ETH blockchain ledgers.</p><p><blockquote>其董事会还委托对该公司的加密货币挖矿活动进行独立审查。作为审查的一部分，来自多个矿池的付款通过公共比特币和ETH区块链分类账被追踪到SOS。</blockquote></p><p>Recall that in February, short seller Culper Research saidit consideredSOS shares \"worthless,\" alleging that SOS's claims around its cryptocurrency mining purchases and acquisition appeared to be \"extremely problematic.\"</p><p><blockquote>回想一下，二月份，卖空者 Culper Research 表示，它认为 SOS 股票“毫无价值”，并声称 SOS 围绕其加密货币挖矿购买和收购的说法似乎“极其成问题”。</blockquote></p><p>The company also said the review validated SOS's control over certain electronic wallets and that the rate of bitcoin and ETH payouts received in those wallets was generally consistent with the expected productivity of its deployed fleet based on its hash rate capacity.</p><p><blockquote>该公司还表示，审查验证了 SOS 对某些电子钱包的控制，并且这些钱包中收到的比特币和 ETH 支付率与基于其哈希率容量的部署车队的预期生产力总体上一致。</blockquote></p><p>Bitcoin pulls back to about $56.6K after topping $60K over the weekend; Ether is also down in Monday trading (~3.8% to $1,786.83).</p><p><blockquote>比特币在周末突破 6 万美元后回落至约 5.66 万美元；以太币在周一交易中也下跌（约 3.8%，至 1,786.83 美元）。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOS":"SOS Limited"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144031621","content_text":"(March 15) SOS Limited stock surges nearly 22% after the company said itexpects to generateat least 41 bitcoin (BTC-USD) and 909 Ether(ETH-USD) in Q1 2021 after mining its first bitcoin on Feb. 24, 2021.\"Our output should grow in future quarters as we receive and install our third batch of mining rigs and have a full quarter of operations for our current rigs,\" SOS Chief Financial Officer Steven Li said in at statement.The company installed its second fleet of 5,000 mining rigs and expects its combined fleet to have the capacity to calculate an average of 353 Peta-Hashes per second (PH/s) for mining bitcoin and 707 Giga-Hashes per second (GH/s) for mining Ether.Its board also commissioned an independent review of the company's cryptocurrency mining activities. As part of the review, payments from multiple mining pools were traced to SOS through the public bitcoin and ETH blockchain ledgers.Recall that in February, short seller Culper Research saidit consideredSOS shares \"worthless,\" alleging that SOS's claims around its cryptocurrency mining purchases and acquisition appeared to be \"extremely problematic.\"The company also said the review validated SOS's control over certain electronic wallets and that the rate of bitcoin and ETH payouts received in those wallets was generally consistent with the expected productivity of its deployed fleet based on its hash rate capacity.Bitcoin pulls back to about $56.6K after topping $60K over the weekend; Ether is also down in Monday trading (~3.8% to $1,786.83).","news_type":1,"symbols_score_info":{"SOS":0.9}},"isVote":1,"tweetType":1,"viewCount":2565,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322477770,"gmtCreate":1615823900690,"gmtModify":1703493694573,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>[鬼脸]&nbsp;","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>[鬼脸]&nbsp;","text":"$Sundial Growers Inc.(SNDL)$[鬼脸]","images":[{"img":"https://static.tigerbbs.com/38a66a64c8233d5a42a04a08696a7b68","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322477770","isVote":1,"tweetType":1,"viewCount":3333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":322219978,"gmtCreate":1615809066094,"gmtModify":1703493305965,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322219978","repostId":"1164885443","repostType":4,"repost":{"id":"1164885443","kind":"news","pubTimestamp":1615805768,"share":"https://www.laohunote.com/m/news/1164885443?lang=zh_CN&edition=full","pubTime":"2021-03-15 18:56","market":"us","language":"en","title":"10 Stocks That Are Vulnerable to a Blowup<blockquote>10只容易爆炸的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164885443","media":"Barrons","summary":"Avoiding stock blowups is in every investor’s interest, but it’s getting a bit tougher.Many companie","content":"<p>Avoiding stock blowups is in every investor’s interest, but it’s getting a bit tougher.</p><p><blockquote>避免股市暴跌符合每个投资者的利益，但这变得越来越困难。</blockquote></p><p>Many companies that beat fourth-quarter estimates haven’t been rewarded with higher share prices. High-growth stocks are facing steeper hurdles from rising bond yields. Investors appear to be rotating from growth to value and into sectors with more exposure to a cyclical economic recovery.</p><p><blockquote>许多第四季度业绩超出预期的公司并没有获得更高的股价回报。高增长股票正面临债券收益率上升带来的更严峻障碍。投资者似乎正在从增长转向价值，并转向更容易受到周期性经济复苏影响的行业。</blockquote></p><p>Quite simply, fatigue may be setting into overcrowded trades and investment themes—whether those are alternative-meat producers, a travel recovery, green energy, or the continued domination of Big Tech.</p><p><blockquote>很简单，疲劳可能会进入过度拥挤的行业和投资主题——无论是替代肉类生产商、旅游复苏、绿色能源，还是大型科技公司的持续主导地位。</blockquote></p><p>Against that backdrop, investors may want to tread cautiously. One way to do so: Avoid stocks with low earnings quality and high short interest—meaning there are short positions, or bearish bets, on a large percentage of a company’s shares outstanding. (A short position is when investors borrow and then sell shares, betting that a stock’s price will fall so they can buy shares back at a cheaper price.) Stocks with that combination of attributes may be most at risk of underperforming or blowing up, according to Wolfe Research.</p><p><blockquote>在此背景下，投资者可能需要谨慎行事。一种方法是：避开盈利质量低、空头利息高的股票--这意味着公司很大一部分流通股存在空头头寸或看跌押注。(空头头寸是指投资者借入股票，然后卖出股票，押注股票价格会下跌，这样他们就可以以更便宜的价格买回股票）。沃尔夫研究公司（Wolfe Research）认为，具有这种属性组合的股票可能最有可能表现不佳或暴跌。</blockquote></p><p>The firm ranks stocks on a relative basis within sectors by scoring earnings quality on seven financial measures, while also looking at valuation and sentiment indicators, based on fourth-quarter financials.</p><p><blockquote>该公司通过对七项财务指标的盈利质量进行评分，同时根据第四季度财务数据查看估值和情绪指标，在行业内对股票进行相对排名。</blockquote></p><p>Wolfe calls stocks scoring in the bottom 10% of earnings quality, while also seeing high short interest, “our highest conviction cohort of stocks to avoid.”</p><p><blockquote>沃尔夫-评级的股票在盈利质量中得分垫底 10%，同时空头兴趣也很高，“这是我们最值得回避的股票”。</blockquote></p><p>One caveat: Low-quality stocks have been a popular trade—fueled by ample market liquidity and demand for riskier assets. High short interest also primes a stock for a short-squeeze, whereby traders who are short buy the stock to cover their positions, exerting upward pressure on the price. Nothing illustrates that dynamic more than the frenzied trading around GameStop (ticker: GME) this year.</p><p><blockquote>一个警告：低质量股票一直是一种受欢迎的交易——这是由充足的市场流动性和对风险较高资产的需求推动的。高空头利息也为股票做空做好了准备，做空的交易者购买股票以弥补头寸，从而对价格施加上行压力。没有什么比今年围绕游戏驿站（股票代码：GME）的疯狂交易更能说明这种动态了。</blockquote></p><p>Beauty products maker Coty (COTY), for example, shows up on Wolfe’s screen. But it may have already had its blowup, falling 15% the day it released its earnings report in February. Barron’s was bullish on the stock in the aftermath, and it has been moving up since then.</p><p><blockquote>例如，美容产品制造商科蒂（Coty）就出现在沃尔夫的屏幕上。但它可能已经经历了爆炸，在 2 月份发布收益报告的当天下跌了 15%。《巴伦周刊》随后看好该股，此后该股一直在上涨。</blockquote></p><p>Nonetheless, plenty of other stocks on Wolfe’s watch list do seem vulnerable. Many have surged in a reopening trade or company-specific dynamics, and all trade at steep valuations. Here are 10 stocks from Wolfe’s list:</p><p><blockquote>尽管如此，沃尔夫观察名单上的许多其他股票似乎确实很脆弱。许多公司在重新开放的交易或公司特定动态中飙升，并且所有交易的估值都很高。以下是沃尔夫名单中的 10 只股票：</blockquote></p><p>Carvana (CVNA), for instance, has been a blockbuster, gaining 535% over the last 52 weeks. Investors appear to have decided that it is a disruptive force in car buying and that a pandemic-fueled shift to online sales has accelerated its momentum. However, Carvana isn’t close to reporting a profit, and is expected to lose $1.96 a share this year and 97 cents in 2022.</p><p><blockquote>例如，Carvana (CVNA) 就一鸣惊人，在过去 52 周内上涨了 535%。投资者似乎已经认定它是汽车购买的一股颠覆性力量，而大流行推动的向在线销售的转变加速了其势头。不过，Carvana 还没有接近盈利，预计今年每股亏损 1.96 美元，2022 年每股亏损 97 美分。</blockquote></p><p>The stock is up around 11% this year, but it has been wobbling lately and is down from its 52-week high around $315, trading recently at $287. Short interest is high at 22% of the shares outstanding, according to FactSet.</p><p><blockquote>该股今年上涨了约 11%，但最近一直在波动，并从 315 美元左右的 52 周高点回落，最近交易价格为 287 美元。FactSet 的数据显示，空头权益很高，占流通股的 22%。</blockquote></p><p>Expedia Group (EXPE) has surged 32% this year. Investors expect online bookings volume to soar as consumers head for vacations this summer and fall. Wall Street doesn’t see Expedia Group earning a profit this year but expects big gains in 2022 with earnings per share of $6.04. At recent prices around $175, shares trade at 28 times 2022 earnings, a 40% premium to the S&amp;P 500 ‘s multiple of 20 times.</p><p><blockquote>Expedia Group (EXPE) 今年股价飙升 32%。投资者预计，随着消费者今年夏天和秋天前往度假，在线预订量将飙升。华尔街预计 Expedia 集团今年不会盈利，但预计 2022 年将实现大幅增长，每股收益将达到 6.04 美元。以最近 175 美元左右的价格计算，该股的交易价格是 2022 年市盈率的 28 倍，比标普500的 20 倍市盈率溢价 40%。</blockquote></p><p>Norwegian Cruise Line Holdings (NCLH) is also trading on hopes for a travel rebound in 2022. Wall Street expects revenues of $1.6 billion this year, up from $1.3 billion in 2020. But the stock is riding on expectations of a surge to $6 billion in revenue in 2022. Analysts are looking for earnings of 62 cents a share in 2022, up from an expected loss of $5.87 a share this year. The stock has climbed 218% in the last 52 weeks, and it is powering ahead this year, up 21% so far.</p><p><blockquote>挪威邮轮控股公司 (NCLH) 也寄希望于 2022 年旅游业反弹。华尔街预计今年的收入为 16 亿美元，高于 2020 年的 13 亿美元。但该股预计 2022 年收入将飙升至 60 亿美元。分析师预计 2022 年每股收益为 62 美分，高于今年预期的每股亏损 5.87 美元。该股在过去 52 周内上涨了 218%，今年迄今已上涨 21%。</blockquote></p><p>It’s hardly cheap, though, at 50 times estimated 2022 profits. About 13% of the shares are held short, according to FactSet.</p><p><blockquote>不过，它并不便宜，是 2022 年预计利润的 50 倍。FactSet 的数据显示，约 13% 的股票被做空。</blockquote></p><p>Lyft (LYFT) also fits into the reopening theme; shares are up 178% in the last 52 weeks, including a 35% gain this year. Ride-sharing could pick up as more people head to work, meetings, and evenings out.</p><p><blockquote>Lyft（Lyft）也符合重新开放的主题；股价在过去 52 周内上涨了 178%，其中今年上涨了 35%。随着越来越多的人去上班、开会和晚上外出，拼车可能会流行起来。</blockquote></p><p>However, Lyft and its chief rival Uber Technologies (UBER) face rising labor costs and regulatory hurdles in Europe and other regions. Wall Street sees Lyft losing $1.08 a share this year and turning a modest profit of 17 cents in 2022. That gives it a multiple of 379 times 2022 earnings. Short interest is around 9%.</p><p><blockquote>然而，Lyft及其主要竞争对手优步科技公司（Uber）在欧洲和其他地区面临着不断上涨的劳动力成本和监管障碍。华尔街预计Lyft今年每股亏损 1.08 美元，2022 年将实现 17 美分的小幅利润。这使得其市盈率是 2022 年市盈率的 379 倍。空头利息约为9%。</blockquote></p><p>Restoration Hardware parent Restoration Hardware (RH) has been a stay-at-home winner. The stock soared 338% over the last year and it’s ahead 5% this year. The company is profitable, expected to earn $19.17 a share this year, up from an estimated $17.05 in 2020. But the stock hit a rough patch in early March as high-growth, high-multiple stocks sold off.</p><p><blockquote>Restoration Hardware 母公司 Restoration Hardware (RH) 一直是居家服务的赢家。该股去年飙升 338%，今年上涨 5%。该公司实现盈利，预计今年每股收益为 19.17 美元，高于 2020 年预计的 17.05 美元。但由于高增长、高倍数的股票遭到抛售，该股在 3 月初遭遇了一段艰难时期。</blockquote></p><p></p><p>RH trades at 22 times 2022 earnings, which doesn’t look excessive. But It is now vulnerable to a blowup, according to Wolfe, with short-interest at 11% of the float.</p><p><blockquote>RH 的市盈率是 2022 年市盈率的 22 倍，看起来并不算过分。但沃尔夫表示，它现在很容易受到爆炸的影响，空头权益占流通量的 11%。</blockquote></p><p>Beyond Meat (BYND) has long been a battleground between alt-meat bulls and bears. The stock has surged 93% over the last 52 weeks, defying the bears, but at recent prices around $142, it’s off 36% from its 52-week high of $221.</p><p><blockquote>Beyond Meat（BYND）长期以来一直是另类肉类多头和空头之间的战场。该股在过去 52 周内大涨 93%，无视空头，但近期股价在 142 美元左右，比 52 周高点 221 美元下跌了 36%。</blockquote></p><p>The alt-meat trend is going strong, and Beyond is working its way into more restaurants and supermarkets, while expanding its product line. But alt-meat rivals are gaining traction. Beyond’s profits aren’t expected to roll in until 2022, when the firm is anticipated to earn 23 cents a share. At that level of profit, the stock trades at 621 times earnings.</p><p><blockquote>另类肉类趋势越来越强劲，Beyond正在进入更多的餐馆和超市，同时扩大其产品线。但另类肉类竞争对手正在获得关注。Beyond 的利润预计要到 2022 年才能滚动，届时该公司预计每股收益为 23 美分。在该利润水平下，该股的交易价格为市盈率的 621 倍。</blockquote></p><p>Stocks like Beyond trade on underlying business momentum, making earnings less of a share-price driver. Still, it isn’t encouraging that Wall Street sees the losses piling up. Per-share estimates for 2021 have been lowered 12% in the last week, according to FactSet, and 2021 estimates are down 190% in the past three months.</p><p><blockquote>Beyond 等股票的交易取决于潜在的业务动力，使得盈利不再是股价的驱动因素。尽管如此，华尔街看到亏损不断累积，这并不令人鼓舞。FactSet 的数据显示，上周 2021 年的每股预期下调了 12%，而 2021 年的预期在过去三个月中下调了 190%。</blockquote></p><p>Meanwhile, First Solar (FSLR) is riding a wave of investor demand for green stocks from ESG funds and others looking for exposure to clean energy. The company, which makes solar power systems and modules, has gained 124% over the last 52 weeks. The company has reported strong sales and bookings, but the stock is also baking in friendly climate policies from the Biden administration.</p><p><blockquote>与此同时，First Solar (FSLR) 正乘着 ESG 基金和其他寻求投资清洁能源的公司对绿色股票的投资者需求浪潮。这家生产太阳能系统和组件的公司在过去 52 周内上涨了 124%。该公司报告销售额和预订量强劲，但该股也受到拜登政府友好气候政策的影响。</blockquote></p><p>The stock has been wavering, however, after its big run. It has slumped 17% this year and it’s off more than 20% from 52-week highs around $112, recently trading around $82. Despite a favorable backdrop for green energy, First Solar’s sales and earnings are expected to fall slightly from 2021 to 2022. The stock trades at 24 times 2022 earnings, a premium to the market.</p><p><blockquote>然而，该股在大幅上涨后一直在波动。今年已下跌 17%，较 52 周高点 112 美元左右（最近交易价格约为 82 美元）下跌了 20% 以上。尽管绿色能源的背景有利，但First Solar的销售额和盈利预计将在 2021 年至 2022 年略有下降。该股的交易价格是 2022 年市盈率的 24 倍，高于市场。</blockquote></p><p>Other large-cap stocks that make Wolfe’s blowup watch list include BioMarin Pharmaceutical (BMRN), Zendesk (ZEN), and Advanced Micro Devices (AMD). Zendesk and AMD are each up more than 100% over the last year, while BioMarin has been flat. All trade at steep valuations, with Zendesk topping the list at 130 times 2022 earnings estimates.</p><p><blockquote>沃尔夫关注名单上的其他大盘股包括拜玛林制药（BMRN）、Zendesk（ZEN）和先进微设备公司（AMD）。Zendesk 和 AMD 去年的涨幅均超过 100%，而 BioMarin 则持平。所有交易的估值都很高，其中 Zendesk 以 2022 年盈利预期的 130 倍位居榜首。</blockquote></p><p>A blowup may not be imminent in any of these names, but stocks without a significant profit in sight may fall sharply if market jitters resurface and investors start to appreciate higher earnings quality.</p><p><blockquote>这些股票的爆炸可能不会迫在眉睫，但如果市场紧张情绪再次出现并且投资者开始欣赏更高的盈利质量，看不到可观利润的股票可能会大幅下跌。</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>10 Stocks That Are Vulnerable to a Blowup<blockquote>10只容易爆炸的股票</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\">\n10 Stocks That Are Vulnerable to a Blowup<blockquote>10只容易爆炸的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-15 18:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Avoiding stock blowups is in every investor’s interest, but it’s getting a bit tougher.</p><p><blockquote>避免股市暴跌符合每个投资者的利益，但这变得越来越困难。</blockquote></p><p>Many companies that beat fourth-quarter estimates haven’t been rewarded with higher share prices. High-growth stocks are facing steeper hurdles from rising bond yields. Investors appear to be rotating from growth to value and into sectors with more exposure to a cyclical economic recovery.</p><p><blockquote>许多第四季度业绩超出预期的公司并没有获得更高的股价回报。高增长股票正面临债券收益率上升带来的更严峻障碍。投资者似乎正在从增长转向价值，并转向更容易受到周期性经济复苏影响的行业。</blockquote></p><p>Quite simply, fatigue may be setting into overcrowded trades and investment themes—whether those are alternative-meat producers, a travel recovery, green energy, or the continued domination of Big Tech.</p><p><blockquote>很简单，疲劳可能会进入过度拥挤的行业和投资主题——无论是替代肉类生产商、旅游复苏、绿色能源，还是大型科技公司的持续主导地位。</blockquote></p><p>Against that backdrop, investors may want to tread cautiously. One way to do so: Avoid stocks with low earnings quality and high short interest—meaning there are short positions, or bearish bets, on a large percentage of a company’s shares outstanding. (A short position is when investors borrow and then sell shares, betting that a stock’s price will fall so they can buy shares back at a cheaper price.) Stocks with that combination of attributes may be most at risk of underperforming or blowing up, according to Wolfe Research.</p><p><blockquote>在此背景下，投资者可能需要谨慎行事。一种方法是：避开盈利质量低、空头利息高的股票--这意味着公司很大一部分流通股存在空头头寸或看跌押注。(空头头寸是指投资者借入股票，然后卖出股票，押注股票价格会下跌，这样他们就可以以更便宜的价格买回股票）。沃尔夫研究公司（Wolfe Research）认为，具有这种属性组合的股票可能最有可能表现不佳或暴跌。</blockquote></p><p>The firm ranks stocks on a relative basis within sectors by scoring earnings quality on seven financial measures, while also looking at valuation and sentiment indicators, based on fourth-quarter financials.</p><p><blockquote>该公司通过对七项财务指标的盈利质量进行评分，同时根据第四季度财务数据查看估值和情绪指标，在行业内对股票进行相对排名。</blockquote></p><p>Wolfe calls stocks scoring in the bottom 10% of earnings quality, while also seeing high short interest, “our highest conviction cohort of stocks to avoid.”</p><p><blockquote>沃尔夫-评级的股票在盈利质量中得分垫底 10%，同时空头兴趣也很高，“这是我们最值得回避的股票”。</blockquote></p><p>One caveat: Low-quality stocks have been a popular trade—fueled by ample market liquidity and demand for riskier assets. High short interest also primes a stock for a short-squeeze, whereby traders who are short buy the stock to cover their positions, exerting upward pressure on the price. Nothing illustrates that dynamic more than the frenzied trading around GameStop (ticker: GME) this year.</p><p><blockquote>一个警告：低质量股票一直是一种受欢迎的交易——这是由充足的市场流动性和对风险较高资产的需求推动的。高空头利息也为股票做空做好了准备，做空的交易者购买股票以弥补头寸，从而对价格施加上行压力。没有什么比今年围绕游戏驿站（股票代码：GME）的疯狂交易更能说明这种动态了。</blockquote></p><p>Beauty products maker Coty (COTY), for example, shows up on Wolfe’s screen. But it may have already had its blowup, falling 15% the day it released its earnings report in February. Barron’s was bullish on the stock in the aftermath, and it has been moving up since then.</p><p><blockquote>例如，美容产品制造商科蒂（Coty）就出现在沃尔夫的屏幕上。但它可能已经经历了爆炸，在 2 月份发布收益报告的当天下跌了 15%。《巴伦周刊》随后看好该股，此后该股一直在上涨。</blockquote></p><p>Nonetheless, plenty of other stocks on Wolfe’s watch list do seem vulnerable. Many have surged in a reopening trade or company-specific dynamics, and all trade at steep valuations. Here are 10 stocks from Wolfe’s list:</p><p><blockquote>尽管如此，沃尔夫观察名单上的许多其他股票似乎确实很脆弱。许多公司在重新开放的交易或公司特定动态中飙升，并且所有交易的估值都很高。以下是沃尔夫名单中的 10 只股票：</blockquote></p><p>Carvana (CVNA), for instance, has been a blockbuster, gaining 535% over the last 52 weeks. Investors appear to have decided that it is a disruptive force in car buying and that a pandemic-fueled shift to online sales has accelerated its momentum. However, Carvana isn’t close to reporting a profit, and is expected to lose $1.96 a share this year and 97 cents in 2022.</p><p><blockquote>例如，Carvana (CVNA) 就一鸣惊人，在过去 52 周内上涨了 535%。投资者似乎已经认定它是汽车购买的一股颠覆性力量，而大流行推动的向在线销售的转变加速了其势头。不过，Carvana 还没有接近盈利，预计今年每股亏损 1.96 美元，2022 年每股亏损 97 美分。</blockquote></p><p>The stock is up around 11% this year, but it has been wobbling lately and is down from its 52-week high around $315, trading recently at $287. Short interest is high at 22% of the shares outstanding, according to FactSet.</p><p><blockquote>该股今年上涨了约 11%，但最近一直在波动，并从 315 美元左右的 52 周高点回落，最近交易价格为 287 美元。FactSet 的数据显示，空头权益很高，占流通股的 22%。</blockquote></p><p>Expedia Group (EXPE) has surged 32% this year. Investors expect online bookings volume to soar as consumers head for vacations this summer and fall. Wall Street doesn’t see Expedia Group earning a profit this year but expects big gains in 2022 with earnings per share of $6.04. At recent prices around $175, shares trade at 28 times 2022 earnings, a 40% premium to the S&amp;P 500 ‘s multiple of 20 times.</p><p><blockquote>Expedia Group (EXPE) 今年股价飙升 32%。投资者预计，随着消费者今年夏天和秋天前往度假，在线预订量将飙升。华尔街预计 Expedia 集团今年不会盈利，但预计 2022 年将实现大幅增长，每股收益将达到 6.04 美元。以最近 175 美元左右的价格计算，该股的交易价格是 2022 年市盈率的 28 倍，比标普500的 20 倍市盈率溢价 40%。</blockquote></p><p>Norwegian Cruise Line Holdings (NCLH) is also trading on hopes for a travel rebound in 2022. Wall Street expects revenues of $1.6 billion this year, up from $1.3 billion in 2020. But the stock is riding on expectations of a surge to $6 billion in revenue in 2022. Analysts are looking for earnings of 62 cents a share in 2022, up from an expected loss of $5.87 a share this year. The stock has climbed 218% in the last 52 weeks, and it is powering ahead this year, up 21% so far.</p><p><blockquote>挪威邮轮控股公司 (NCLH) 也寄希望于 2022 年旅游业反弹。华尔街预计今年的收入为 16 亿美元，高于 2020 年的 13 亿美元。但该股预计 2022 年收入将飙升至 60 亿美元。分析师预计 2022 年每股收益为 62 美分，高于今年预期的每股亏损 5.87 美元。该股在过去 52 周内上涨了 218%，今年迄今已上涨 21%。</blockquote></p><p>It’s hardly cheap, though, at 50 times estimated 2022 profits. About 13% of the shares are held short, according to FactSet.</p><p><blockquote>不过，它并不便宜，是 2022 年预计利润的 50 倍。FactSet 的数据显示，约 13% 的股票被做空。</blockquote></p><p>Lyft (LYFT) also fits into the reopening theme; shares are up 178% in the last 52 weeks, including a 35% gain this year. Ride-sharing could pick up as more people head to work, meetings, and evenings out.</p><p><blockquote>Lyft（Lyft）也符合重新开放的主题；股价在过去 52 周内上涨了 178%，其中今年上涨了 35%。随着越来越多的人去上班、开会和晚上外出，拼车可能会流行起来。</blockquote></p><p>However, Lyft and its chief rival Uber Technologies (UBER) face rising labor costs and regulatory hurdles in Europe and other regions. Wall Street sees Lyft losing $1.08 a share this year and turning a modest profit of 17 cents in 2022. That gives it a multiple of 379 times 2022 earnings. Short interest is around 9%.</p><p><blockquote>然而，Lyft及其主要竞争对手优步科技公司（Uber）在欧洲和其他地区面临着不断上涨的劳动力成本和监管障碍。华尔街预计Lyft今年每股亏损 1.08 美元，2022 年将实现 17 美分的小幅利润。这使得其市盈率是 2022 年市盈率的 379 倍。空头利息约为9%。</blockquote></p><p>Restoration Hardware parent Restoration Hardware (RH) has been a stay-at-home winner. The stock soared 338% over the last year and it’s ahead 5% this year. The company is profitable, expected to earn $19.17 a share this year, up from an estimated $17.05 in 2020. But the stock hit a rough patch in early March as high-growth, high-multiple stocks sold off.</p><p><blockquote>Restoration Hardware 母公司 Restoration Hardware (RH) 一直是居家服务的赢家。该股去年飙升 338%，今年上涨 5%。该公司实现盈利，预计今年每股收益为 19.17 美元，高于 2020 年预计的 17.05 美元。但由于高增长、高倍数的股票遭到抛售，该股在 3 月初遭遇了一段艰难时期。</blockquote></p><p></p><p>RH trades at 22 times 2022 earnings, which doesn’t look excessive. But It is now vulnerable to a blowup, according to Wolfe, with short-interest at 11% of the float.</p><p><blockquote>RH 的市盈率是 2022 年市盈率的 22 倍，看起来并不算过分。但沃尔夫表示，它现在很容易受到爆炸的影响，空头权益占流通量的 11%。</blockquote></p><p>Beyond Meat (BYND) has long been a battleground between alt-meat bulls and bears. The stock has surged 93% over the last 52 weeks, defying the bears, but at recent prices around $142, it’s off 36% from its 52-week high of $221.</p><p><blockquote>Beyond Meat（BYND）长期以来一直是另类肉类多头和空头之间的战场。该股在过去 52 周内大涨 93%，无视空头，但近期股价在 142 美元左右，比 52 周高点 221 美元下跌了 36%。</blockquote></p><p>The alt-meat trend is going strong, and Beyond is working its way into more restaurants and supermarkets, while expanding its product line. But alt-meat rivals are gaining traction. Beyond’s profits aren’t expected to roll in until 2022, when the firm is anticipated to earn 23 cents a share. At that level of profit, the stock trades at 621 times earnings.</p><p><blockquote>另类肉类趋势越来越强劲，Beyond正在进入更多的餐馆和超市，同时扩大其产品线。但另类肉类竞争对手正在获得关注。Beyond 的利润预计要到 2022 年才能滚动，届时该公司预计每股收益为 23 美分。在该利润水平下，该股的交易价格为市盈率的 621 倍。</blockquote></p><p>Stocks like Beyond trade on underlying business momentum, making earnings less of a share-price driver. Still, it isn’t encouraging that Wall Street sees the losses piling up. Per-share estimates for 2021 have been lowered 12% in the last week, according to FactSet, and 2021 estimates are down 190% in the past three months.</p><p><blockquote>Beyond 等股票的交易取决于潜在的业务动力，使得盈利不再是股价的驱动因素。尽管如此，华尔街看到亏损不断累积，这并不令人鼓舞。FactSet 的数据显示，上周 2021 年的每股预期下调了 12%，而 2021 年的预期在过去三个月中下调了 190%。</blockquote></p><p>Meanwhile, First Solar (FSLR) is riding a wave of investor demand for green stocks from ESG funds and others looking for exposure to clean energy. The company, which makes solar power systems and modules, has gained 124% over the last 52 weeks. The company has reported strong sales and bookings, but the stock is also baking in friendly climate policies from the Biden administration.</p><p><blockquote>与此同时，First Solar (FSLR) 正乘着 ESG 基金和其他寻求投资清洁能源的公司对绿色股票的投资者需求浪潮。这家生产太阳能系统和组件的公司在过去 52 周内上涨了 124%。该公司报告销售额和预订量强劲，但该股也受到拜登政府友好气候政策的影响。</blockquote></p><p>The stock has been wavering, however, after its big run. It has slumped 17% this year and it’s off more than 20% from 52-week highs around $112, recently trading around $82. Despite a favorable backdrop for green energy, First Solar’s sales and earnings are expected to fall slightly from 2021 to 2022. The stock trades at 24 times 2022 earnings, a premium to the market.</p><p><blockquote>然而，该股在大幅上涨后一直在波动。今年已下跌 17%，较 52 周高点 112 美元左右（最近交易价格约为 82 美元）下跌了 20% 以上。尽管绿色能源的背景有利，但First Solar的销售额和盈利预计将在 2021 年至 2022 年略有下降。该股的交易价格是 2022 年市盈率的 24 倍，高于市场。</blockquote></p><p>Other large-cap stocks that make Wolfe’s blowup watch list include BioMarin Pharmaceutical (BMRN), Zendesk (ZEN), and Advanced Micro Devices (AMD). Zendesk and AMD are each up more than 100% over the last year, while BioMarin has been flat. All trade at steep valuations, with Zendesk topping the list at 130 times 2022 earnings estimates.</p><p><blockquote>沃尔夫关注名单上的其他大盘股包括拜玛林制药（BMRN）、Zendesk（ZEN）和先进微设备公司（AMD）。Zendesk 和 AMD 去年的涨幅均超过 100%，而 BioMarin 则持平。所有交易的估值都很高，其中 Zendesk 以 2022 年盈利预期的 130 倍位居榜首。</blockquote></p><p>A blowup may not be imminent in any of these names, but stocks without a significant profit in sight may fall sharply if market jitters resurface and investors start to appreciate higher earnings quality.</p><p><blockquote>这些股票的爆炸可能不会迫在眉睫，但如果市场紧张情绪再次出现并且投资者开始欣赏更高的盈利质量，看不到可观利润的股票可能会大幅下跌。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/beyond-meat-stock-expedia-lyft-vulnerable-blowup-51615588807?mod=hp_LATEST\">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":{"BYND":"Beyond Meat, Inc.","AMD":"美国超微公司","COTY":"科蒂","NCLH":"挪威邮轮","BMRN":"拜玛林制药","CVNA":"Carvana Co.","LYFT":"Lyft, Inc.","RH":"RH","FSLR":"第一太阳能","EXPE":"Expedia"},"source_url":"https://www.barrons.com/articles/beyond-meat-stock-expedia-lyft-vulnerable-blowup-51615588807?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164885443","content_text":"Avoiding stock blowups is in every investor’s interest, but it’s getting a bit tougher.Many companies that beat fourth-quarter estimates haven’t been rewarded with higher share prices. High-growth stocks are facing steeper hurdles from rising bond yields. Investors appear to be rotating from growth to value and into sectors with more exposure to a cyclical economic recovery.Quite simply, fatigue may be setting into overcrowded trades and investment themes—whether those are alternative-meat producers, a travel recovery, green energy, or the continued domination of Big Tech.Against that backdrop, investors may want to tread cautiously. One way to do so: Avoid stocks with low earnings quality and high short interest—meaning there are short positions, or bearish bets, on a large percentage of a company’s shares outstanding. (A short position is when investors borrow and then sell shares, betting that a stock’s price will fall so they can buy shares back at a cheaper price.) Stocks with that combination of attributes may be most at risk of underperforming or blowing up, according to Wolfe Research.The firm ranks stocks on a relative basis within sectors by scoring earnings quality on seven financial measures, while also looking at valuation and sentiment indicators, based on fourth-quarter financials.Wolfe calls stocks scoring in the bottom 10% of earnings quality, while also seeing high short interest, “our highest conviction cohort of stocks to avoid.”One caveat: Low-quality stocks have been a popular trade—fueled by ample market liquidity and demand for riskier assets. High short interest also primes a stock for a short-squeeze, whereby traders who are short buy the stock to cover their positions, exerting upward pressure on the price. Nothing illustrates that dynamic more than the frenzied trading around GameStop (ticker: GME) this year.Beauty products maker Coty (COTY), for example, shows up on Wolfe’s screen. But it may have already had its blowup, falling 15% the day it released its earnings report in February. Barron’s was bullish on the stock in the aftermath, and it has been moving up since then.Nonetheless, plenty of other stocks on Wolfe’s watch list do seem vulnerable. Many have surged in a reopening trade or company-specific dynamics, and all trade at steep valuations. Here are 10 stocks from Wolfe’s list:Carvana (CVNA), for instance, has been a blockbuster, gaining 535% over the last 52 weeks. Investors appear to have decided that it is a disruptive force in car buying and that a pandemic-fueled shift to online sales has accelerated its momentum. However, Carvana isn’t close to reporting a profit, and is expected to lose $1.96 a share this year and 97 cents in 2022.The stock is up around 11% this year, but it has been wobbling lately and is down from its 52-week high around $315, trading recently at $287. Short interest is high at 22% of the shares outstanding, according to FactSet.Expedia Group (EXPE) has surged 32% this year. Investors expect online bookings volume to soar as consumers head for vacations this summer and fall. Wall Street doesn’t see Expedia Group earning a profit this year but expects big gains in 2022 with earnings per share of $6.04. At recent prices around $175, shares trade at 28 times 2022 earnings, a 40% premium to the S&P 500 ‘s multiple of 20 times.Norwegian Cruise Line Holdings (NCLH) is also trading on hopes for a travel rebound in 2022. Wall Street expects revenues of $1.6 billion this year, up from $1.3 billion in 2020. But the stock is riding on expectations of a surge to $6 billion in revenue in 2022. Analysts are looking for earnings of 62 cents a share in 2022, up from an expected loss of $5.87 a share this year. The stock has climbed 218% in the last 52 weeks, and it is powering ahead this year, up 21% so far.It’s hardly cheap, though, at 50 times estimated 2022 profits. About 13% of the shares are held short, according to FactSet.Lyft (LYFT) also fits into the reopening theme; shares are up 178% in the last 52 weeks, including a 35% gain this year. Ride-sharing could pick up as more people head to work, meetings, and evenings out.However, Lyft and its chief rival Uber Technologies (UBER) face rising labor costs and regulatory hurdles in Europe and other regions. Wall Street sees Lyft losing $1.08 a share this year and turning a modest profit of 17 cents in 2022. That gives it a multiple of 379 times 2022 earnings. Short interest is around 9%.Restoration Hardware parent Restoration Hardware (RH) has been a stay-at-home winner. The stock soared 338% over the last year and it’s ahead 5% this year. The company is profitable, expected to earn $19.17 a share this year, up from an estimated $17.05 in 2020. But the stock hit a rough patch in early March as high-growth, high-multiple stocks sold off.RH trades at 22 times 2022 earnings, which doesn’t look excessive. But It is now vulnerable to a blowup, according to Wolfe, with short-interest at 11% of the float.Beyond Meat (BYND) has long been a battleground between alt-meat bulls and bears. The stock has surged 93% over the last 52 weeks, defying the bears, but at recent prices around $142, it’s off 36% from its 52-week high of $221.The alt-meat trend is going strong, and Beyond is working its way into more restaurants and supermarkets, while expanding its product line. But alt-meat rivals are gaining traction. Beyond’s profits aren’t expected to roll in until 2022, when the firm is anticipated to earn 23 cents a share. At that level of profit, the stock trades at 621 times earnings.Stocks like Beyond trade on underlying business momentum, making earnings less of a share-price driver. Still, it isn’t encouraging that Wall Street sees the losses piling up. Per-share estimates for 2021 have been lowered 12% in the last week, according to FactSet, and 2021 estimates are down 190% in the past three months.Meanwhile, First Solar (FSLR) is riding a wave of investor demand for green stocks from ESG funds and others looking for exposure to clean energy. The company, which makes solar power systems and modules, has gained 124% over the last 52 weeks. The company has reported strong sales and bookings, but the stock is also baking in friendly climate policies from the Biden administration.The stock has been wavering, however, after its big run. It has slumped 17% this year and it’s off more than 20% from 52-week highs around $112, recently trading around $82. Despite a favorable backdrop for green energy, First Solar’s sales and earnings are expected to fall slightly from 2021 to 2022. The stock trades at 24 times 2022 earnings, a premium to the market.Other large-cap stocks that make Wolfe’s blowup watch list include BioMarin Pharmaceutical (BMRN), Zendesk (ZEN), and Advanced Micro Devices (AMD). Zendesk and AMD are each up more than 100% over the last year, while BioMarin has been flat. All trade at steep valuations, with Zendesk topping the list at 130 times 2022 earnings estimates.A blowup may not be imminent in any of these names, but stocks without a significant profit in sight may fall sharply if market jitters resurface and investors start to appreciate higher earnings quality.","news_type":1,"symbols_score_info":{"BYND":0.9,"BMRN":0.9,"ZEN":0.9,"FSLR":0.9,"COTY":0.9,"NCLH":0.9,"RH":0.9,"EXPE":0.9,"CVNA":0.9,"AMD":0.9,"LYFT":0.9}},"isVote":1,"tweetType":1,"viewCount":2026,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326991747,"gmtCreate":1615570576289,"gmtModify":1703491178720,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>[微笑]&nbsp;","listText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>[微笑]&nbsp;","text":"$Castor Maritime, Inc.(CTRM)$[微笑]","images":[{"img":"https://static.tigerbbs.com/1eb36addc3ca6d00a046663f9a40a34c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326991747","isVote":1,"tweetType":1,"viewCount":1229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":326023583,"gmtCreate":1615565586642,"gmtModify":1703491106908,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"[贱笑]&nbsp;","listText":"[贱笑]&nbsp;","text":"[贱笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326023583","repostId":"1199156489","repostType":4,"repost":{"id":"1199156489","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615452861,"share":"https://www.laohunote.com/m/news/1199156489?lang=zh_CN&edition=full","pubTime":"2021-03-11 16:54","market":"us","language":"en","title":"US Daylight Saving Time<blockquote>美国夏令时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199156489","media":"Tiger Newspress","summary":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim","content":"<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02:00开始， 北美地区进入夏令时， 直到美国东部时间2021年11月7日02:00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>因此，从3月14日（星期一）开始，美国市场将在北美夏令时提前一小时开盘和收盘，即美国交易时间将改为北京时间21:30至凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天就能持续到晚上。大多数北美和欧洲都遵循这一习俗，而其他大多数国家则不遵循这一习俗。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。维持现状是当务之急。</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>US Daylight Saving Time<blockquote>美国夏令时</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\">\nUS Daylight Saving Time<blockquote>美国夏令时</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-11 16:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02:00开始， 北美地区进入夏令时， 直到美国东部时间2021年11月7日02:00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>因此，从3月14日（星期一）开始，美国市场将在北美夏令时提前一小时开盘和收盘，即美国交易时间将改为北京时间21:30至凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天就能持续到晚上。大多数北美和欧洲都遵循这一习俗，而其他大多数国家则不遵循这一习俗。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。维持现状是当务之急。</blockquote></p><p></p>\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156489","content_text":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.What is daylight saving time?The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":328060639,"gmtCreate":1615474930521,"gmtModify":1703489665229,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328060639","repostId":"1136757933","repostType":4,"isVote":1,"tweetType":1,"viewCount":601,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328015094,"gmtCreate":1615474533118,"gmtModify":1703489644482,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[冷漠]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[冷漠]&nbsp;","text":"$Phunware, Inc.(PHUN)$[冷漠]","images":[{"img":"https://static.tigerbbs.com/9873e5557e74d59d0fd3bf7da0e021b2","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328015094","isVote":1,"tweetType":1,"viewCount":879,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":323045072,"gmtCreate":1615293525396,"gmtModify":1703486873704,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/323045072","repostId":"1123577039","repostType":4,"repost":{"id":"1123577039","kind":"news","pubTimestamp":1615290997,"share":"https://www.laohunote.com/m/news/1123577039?lang=zh_CN&edition=full","pubTime":"2021-03-09 19:56","market":"us","language":"en","title":"SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years<blockquote>SPAC先驱在等待近30年后收获回报</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123577039","media":"The Wall Street Journal","summary":"Blank-check companies have raised more than $70 billion this year; their co-creator once feared the ","content":"<p>Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it</p><p><blockquote>空白支票公司今年已筹集超过700亿美元；他们的联合创始人曾担心 SPAC 无法成功</blockquote></p><p> The flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.</p><p><blockquote>金融领域最耀眼的趋势可以追溯到三十年前的一对法学院老朋友。现在，他们终于兑现了。</blockquote></p><p> Investment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in&nbsp;finance,technology&nbsp;and&nbsp;entertainment. Messrs. Nussbaum and Miller have never been busier.</p><p><blockquote>投资银行家大卫-努斯鲍姆（David Nussbaum）和律师大卫-米勒（David Miller）--彼此都被称为 “努斯 ”和 “米勒 ”--于 1993 年发明了特殊目的收购公司，为私营公司提供了另一种接触普通投资者的方式。在他们职业生涯的大部分时间里， SPAC很少被使用， 也默默无闻， 但现在风靡一时——吸引了金融、科技和娱乐领域的大腕。努斯鲍姆先生和米勒先生从未如此忙碌过。</blockquote></p><p> “It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.</p><p><blockquote>“来自纽约州长岛罗斯林的 66 岁老人努斯鲍姆先生说：”我花了 27 年时间才一夜成名，他是专注于 SPAC 的投资银行 EarlyBirdCapital Inc. 的联合创始人。</blockquote></p><p> Also called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups&nbsp;to access individual investors&nbsp;and a cash cow for the&nbsp;wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.</p><p><blockquote>SPAC 也称为空白支票公司，是在证券交易所上市的空壳公司，其唯一目的是与私营公司合并上市。它们已经成为初创公司接触个人投资者的流行方式，也是创建它们的富人的摇钱树。SPAC创始人现在包括从对冲基金经理威廉·阿克曼到前棒球运动员亚历克斯·罗德里格斯的所有人。</blockquote></p><p> SPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.</p><p><blockquote>Dealogic 的数据显示，SPAC 今年已筹集了超过 700 亿美元，目前约占所有首次公开募股的 70%，高于两年前的 20%，在过去 20 年的大部分时间里，这一比例可以忽略不计。</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>SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years<blockquote>SPAC先驱在等待近30年后收获回报</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\">\nSPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years<blockquote>SPAC先驱在等待近30年后收获回报</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-03-09 19:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it</p><p><blockquote>空白支票公司今年已筹集超过700亿美元；他们的联合创始人曾担心 SPAC 无法成功</blockquote></p><p> The flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.</p><p><blockquote>金融领域最耀眼的趋势可以追溯到三十年前的一对法学院老朋友。现在，他们终于兑现了。</blockquote></p><p> Investment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in&nbsp;finance,technology&nbsp;and&nbsp;entertainment. Messrs. Nussbaum and Miller have never been busier.</p><p><blockquote>投资银行家大卫-努斯鲍姆（David Nussbaum）和律师大卫-米勒（David Miller）--彼此都被称为 “努斯 ”和 “米勒 ”--于 1993 年发明了特殊目的收购公司，为私营公司提供了另一种接触普通投资者的方式。在他们职业生涯的大部分时间里， SPAC很少被使用， 也默默无闻， 但现在风靡一时——吸引了金融、科技和娱乐领域的大腕。努斯鲍姆先生和米勒先生从未如此忙碌过。</blockquote></p><p> “It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.</p><p><blockquote>“来自纽约州长岛罗斯林的 66 岁老人努斯鲍姆先生说：”我花了 27 年时间才一夜成名，他是专注于 SPAC 的投资银行 EarlyBirdCapital Inc. 的联合创始人。</blockquote></p><p> Also called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups&nbsp;to access individual investors&nbsp;and a cash cow for the&nbsp;wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.</p><p><blockquote>SPAC 也称为空白支票公司，是在证券交易所上市的空壳公司，其唯一目的是与私营公司合并上市。它们已经成为初创公司接触个人投资者的流行方式，也是创建它们的富人的摇钱树。SPAC创始人现在包括从对冲基金经理威廉·阿克曼到前棒球运动员亚历克斯·罗德里格斯的所有人。</blockquote></p><p> SPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.</p><p><blockquote>Dealogic 的数据显示，SPAC 今年已筹集了超过 700 亿美元，目前约占所有首次公开募股的 70%，高于两年前的 20%，在过去 20 年的大部分时间里，这一比例可以忽略不计。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/they-created-the-spac-in-1993-now-theyre-reaping-the-rewards-11615285801?mod=hp_lead_pos4\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/they-created-the-spac-in-1993-now-theyre-reaping-the-rewards-11615285801?mod=hp_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123577039","content_text":"Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it\nThe flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.\nInvestment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in finance,technology and entertainment. Messrs. Nussbaum and Miller have never been busier.\n“It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.\nAlso called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups to access individual investors and a cash cow for the wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.\nSPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1073,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323042591,"gmtCreate":1615293510713,"gmtModify":1703486873186,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/323042591","repostId":"1111423037","repostType":4,"repost":{"id":"1111423037","kind":"news","pubTimestamp":1615293095,"share":"https://www.laohunote.com/m/news/1111423037?lang=zh_CN&edition=full","pubTime":"2021-03-09 20:31","market":"us","language":"en","title":"This clear signal says the big tech unwind isn’t done yet, according to strategist<blockquote>战略家认为，这一明确信号表明大型科技公司的解散尚未完成</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111423037","media":"MarketWatch","summary":"Critical information for the U.S. trading day\nGet that Dow 32,000 beanie hat ready for Tuesday, as p","content":"<p>Critical information for the U.S. trading day</p><p><blockquote>美国交易日的关键信息</blockquote></p><p> Get that Dow&nbsp;32,000 beanie hat ready for Tuesday, as pressure in the bond market continues to ease and celebrating over a $1.9 trillion stimulus package carries on a bit. Futures are also pointing to a sharp rebound for technology stocks after the Nasdaq Composite&nbsp;fell into correction territory on Monday.</p><p><blockquote>随着债券市场的压力继续缓解，以及对超过 1.9 万亿美元刺激计划的庆祝活动继续进行，周二准备好道琼斯 32,000 点的帽子。在纳斯达克综合指数周一跌入回调区域后，期货也表明科技股将大幅反弹。</blockquote></p><p> One valid question to ask right now is, how much more of a pullback for techs will we see? “Our work on positioning suggests that the big tech unwind may be at least halfway done, but isn’t finished,” said Lori Calvasina, RBC Capital’s head of U.S. equity strategy, in our&nbsp;<b>call of the day</b>.</p><p><blockquote>现在要问的一个合理问题是，我们还会看到多少科技股的回调？“加拿大皇家银行资本（RBC Capital）美国股票策略主管洛里-卡尔瓦西纳（Lori Calvasina）在我们的报告中说：”我们在定位方面的工作表明，大型科技公司的退出可能至少已经完成了一半，但还没有完成。<b>今日看涨期权</b>.</blockquote></p><p> Calvasina based this on a tracking of weekly Nasdaq futures contracts, provided by the U.S. Commodity Futures Trading Commission. The data are used by some on Wall Street as a measure of sentiment of how hedge funds and institutional investors are positioning in the U.S. equity markets.</p><p><blockquote>Calvasina 基于美国商品期货交易委员会提供的每周纳斯达克期货合约跟踪。这些数据被华尔街的一些人用来衡量对冲基金和机构投资者在美国股市中定位的情绪。</blockquote></p><p> “This indicator…returned to 2013-2014 peaks on a dollar value basis [left image] earlier this year, and to levels that have marked the peak several times since then in terms of the number of contracts owned [right image],” she said. “While U.S. equity futures positioning generally has been highlighting risk of a pullback in stocks in recent months, that signal has been the most clear in Nasdaq positioning.”</p><p><blockquote>“她说：”今年早些时候，这一指标.按美元价值计算回到了 2013-2014 年的峰值[左图]，而此后，就持有合同数量而言，又回到了数次达到峰值的水平[右图]。“虽然近几个月来美国股票期货的定位普遍凸显了股市回调的风险，但这一信号在纳斯达克的定位中最为明显。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6281c4e4ef83849068bf0c3a1e1adfbe\" tg-width=\"1260\" tg-height=\"636\"></p><p><blockquote></blockquote></p><p> As of the last update (last Tuesday’s close), the decline in Nasdaq futures positioning was roughly halfway back to the lows of 2018 in terms of dollar value and contracts, she said.</p><p><blockquote>她说，截至上次更新（上周二收盘），就美元价值和合约而言，纳斯达克期货头寸的下降幅度大约回到了 2018 年低点的一半。</blockquote></p><p> Calvasina also suggested investors keep an eye on valuations for the tech + internet + media + telecom (TIMT) space, based on where those levels were in the bubble of 2000.</p><p><blockquote>Calvasina 还建议投资者根据 2000 年泡沫中的水平，关注科技 + 互联网 + 媒体 + 电信 (TIMT) 领域的估值。</blockquote></p><p> “Our work here also suggests that big tech underperformance hasn’t run its course,” she said, even with sharp falls seen early this year, the weighted median forward price/earnings measure of TIMT sits at 26.2 times, well above a long-term average of 18.3 times. It is also elevated on a forward price/earnings relative to the S&amp;P 500.</p><p><blockquote>“她说：”尽管今年年初股价大幅下跌，但 TIMT 的加权远期市盈率中位数仍为 26.2 倍，远高于 18.3 倍的长期平均水平。相对于标普500，它的远期价格/收益也较高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7306c8462ecd9679fb16c08ac3a469c7\" tg-width=\"1260\" tg-height=\"646\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未入账</span></p></blockquote></p><p> As for what investors should do now, Calvasina has been telling clients that small-caps look cheap versus large-caps, and financials, energy and material don’t look expensive yet.</p><p><blockquote>至于投资者现在应该怎么做，Calvasina 一直告诉客户，与大盘股相比，小盘股看起来很便宜，金融、能源和材料看起来还不贵。</blockquote></p><p> She is also eyeing the midcap space for a few reasons. Firstly, the Russell Midcap&nbsp;and S&amp;P 400 MidCap&nbsp;benchmark indexes are more exposed to cyclical sectors than TIMT, futures positioning on those smaller stocks isn’t looking stretched (see chart below) and valuations look attractive versus large-caps, and reasonable versus smaller companies, she argues.</p><p><blockquote>出于几个原因，她也在关注中型股领域。她认为，首先，罗素中型股和标准普尔 400 中型股基准指数比 TIMT 更容易受到周期性行业的影响，这些小型股票的期货头寸看起来并不捉襟见肘（见下图），而且与大盘股相比，估值看起来很有吸引力，与小公司相比，估值看起来也很合理。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/750d414832524e7c7c6e718db9a1d110\" tg-width=\"1260\" tg-height=\"653\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未入账</span></p></blockquote></p><p> “We’ve been advising managers to move down market cap, given the tendency of low market cap to outperform within the Russell 1000&nbsp;coming out of recessions and over time,” said Calvasina.</p><p><blockquote>“卡尔瓦西纳说：”我们一直建议管理者降低市值，因为在经济衰退后，随着时间的推移，低市值往往会跑赢罗素 1000 指数。</blockquote></p><p> <b>The markets</b></p><p><blockquote><b>市场</b></blockquote></p><p> Stock futures&nbsp;are pointing to gains across the board, led by beaten-down techs,up 2%. European markets&nbsp;are rising. That is as pressure on bonds ease up, with the yield on the 10-year U.S. Treasury note&nbsp;down 7 basis points to 1.52%.</p><p><blockquote>在遭受重创的科技股的带领下，股票期货全面上涨，上涨 2%。欧洲市场正在上涨。与此同时，债券压力有所缓解，10年期美国国债收益率下降7个基点至1.52%。</blockquote></p><p> <b>The chart</b></p><p><blockquote><b>图表</b></blockquote></p><p> It was a bumpy ride on Tuesday for China’s CSI 3000,which lost 2.1%, evenamid a reportthat Chinese state funds were buying stocks.</p><p><blockquote>中国沪深 3000 指数周二跌宕起伏，下跌 2.1%，尽管有报道称中国主权财富基金正在买入股票。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2dd0668688161c84ab8c9e5a6d520a8\" tg-width=\"906\" tg-height=\"482\"></p><p><blockquote></blockquote></p><p> <b>The quote</b></p><p><blockquote><b>报价</b></blockquote></p><p> “I’m happy that the market is broadening out.” That was Cathie Wood, founder of the popular ARK Investment Management and exchange-traded funds like ARK Innovation,speaking in aBloomberg interviewlate on Monday. She says she’s finding opportunities in the recent tech selloff.</p><p><blockquote>“我很高兴市场正在扩大”。这是广受欢迎的 ARK Investment Management 和 ARK Innovation 等交易所交易基金的创始人凯西·伍德 (Cathie Wood) 周一晚间在接受彭博社采访时发表的讲话。她说，她在最近的科技抛售中发现了机会。</blockquote></p><p> <b>The buzz</b></p><p><blockquote><b>嗡嗡声</b></blockquote></p><p> One stock that several ARK ETFs are exposed to is electric-car maker Tesla.The tech selloff has erasedmore than a quarter of a trillion dollarsoff the electric-car maker’s market cap in just over a month. But shares are up about 5% in premarket.</p><p><blockquote>几只 ARK ETF 投资的一只股票是电动汽车制造商特斯拉。在短短一个多月的时间里，科技抛售已经让这家电动汽车制造商的市值蒸发了超过四分之一万亿美元。但盘前股价上涨约 5%。</blockquote></p><p> Small businesses are less anxious, but wrestling with an uneven recovery, the latest&nbsp;data compiled by the National Federation of Independent Business showed.</p><p><blockquote>全国独立企业联合会汇编的最新数据显示，小企业不那么焦虑，但正在努力应对不均衡的复苏。</blockquote></p><p> The COVID-19 vaccine from drug company Pfizer&nbsp;and its partner BioNTech&nbsp;neutralized a fast-spreading Brazilian variant of coronavirus,according to a new study.And Russia’s Sputnik V vaccine will soon beproduced in Europe.</p><p><blockquote>根据一项新的研究， 制药公司辉瑞及其合作伙伴 BioNTech 的 COVID-19 疫苗中和了一种快速传播的巴西冠状病毒变种。俄罗斯的“卫星-V”疫苗也将很快在欧洲生产。</blockquote></p><p></p><p> Shares of videogames retailer GameStop,the poster child of the retail frenzy from earlier this year, aresurging in premarketafter the company said it has createda new strategy committee&nbsp;to identify ways to accelerate its transformation. The Senate Banking Committee will hold a&nbsp;hearing on the GameStop saga on Tuesday.</p><p><blockquote>视频游戏零售商 GameStop 是今年早些时候零售狂潮的典型代表，该公司表示已成立新的战略委员会，以确定加速转型的方法，该公司的股价在盘前上涨。参议院银行委员会将于周二就游戏驿站事件举行听证会。</blockquote></p><p> Stitch Fix&nbsp;shares are tumbling, after the retailer’s sales numbersfell short of Wall Street hopes.</p><p><blockquote>Stitch Fix 的销售数据未达到华尔街的希望，该零售商的股价正在暴跌。</blockquote></p><p> Zoom&nbsp;founder Eric Yuan transferred $6 billion worth of his shares to unspecified beneficiaries last week,says a regulatory filing.</p><p><blockquote>一份监管文件称，Zoom 创始人袁埃里克上周将价值 60 亿美元的股份转让给了不明受益人。</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>This clear signal says the big tech unwind isn’t done yet, according to strategist<blockquote>战略家认为，这一明确信号表明大型科技公司的解散尚未完成</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; 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\">\nThis clear signal says the big tech unwind isn’t done yet, according to strategist<blockquote>战略家认为，这一明确信号表明大型科技公司的解散尚未完成</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-03-09 20:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Critical information for the U.S. trading day</p><p><blockquote>美国交易日的关键信息</blockquote></p><p> Get that Dow&nbsp;32,000 beanie hat ready for Tuesday, as pressure in the bond market continues to ease and celebrating over a $1.9 trillion stimulus package carries on a bit. Futures are also pointing to a sharp rebound for technology stocks after the Nasdaq Composite&nbsp;fell into correction territory on Monday.</p><p><blockquote>随着债券市场的压力继续缓解，以及对超过 1.9 万亿美元刺激计划的庆祝活动继续进行，周二准备好道琼斯 32,000 点的帽子。在纳斯达克综合指数周一跌入回调区域后，期货也表明科技股将大幅反弹。</blockquote></p><p> One valid question to ask right now is, how much more of a pullback for techs will we see? “Our work on positioning suggests that the big tech unwind may be at least halfway done, but isn’t finished,” said Lori Calvasina, RBC Capital’s head of U.S. equity strategy, in our&nbsp;<b>call of the day</b>.</p><p><blockquote>现在要问的一个合理问题是，我们还会看到多少科技股的回调？“加拿大皇家银行资本（RBC Capital）美国股票策略主管洛里-卡尔瓦西纳（Lori Calvasina）在我们的报告中说：”我们在定位方面的工作表明，大型科技公司的退出可能至少已经完成了一半，但还没有完成。<b>今日看涨期权</b>.</blockquote></p><p> Calvasina based this on a tracking of weekly Nasdaq futures contracts, provided by the U.S. Commodity Futures Trading Commission. The data are used by some on Wall Street as a measure of sentiment of how hedge funds and institutional investors are positioning in the U.S. equity markets.</p><p><blockquote>Calvasina 基于美国商品期货交易委员会提供的每周纳斯达克期货合约跟踪。这些数据被华尔街的一些人用来衡量对冲基金和机构投资者在美国股市中定位的情绪。</blockquote></p><p> “This indicator…returned to 2013-2014 peaks on a dollar value basis [left image] earlier this year, and to levels that have marked the peak several times since then in terms of the number of contracts owned [right image],” she said. “While U.S. equity futures positioning generally has been highlighting risk of a pullback in stocks in recent months, that signal has been the most clear in Nasdaq positioning.”</p><p><blockquote>“她说：”今年早些时候，这一指标.按美元价值计算回到了 2013-2014 年的峰值[左图]，而此后，就持有合同数量而言，又回到了数次达到峰值的水平[右图]。“虽然近几个月来美国股票期货的定位普遍凸显了股市回调的风险，但这一信号在纳斯达克的定位中最为明显。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6281c4e4ef83849068bf0c3a1e1adfbe\" tg-width=\"1260\" tg-height=\"636\"></p><p><blockquote></blockquote></p><p> As of the last update (last Tuesday’s close), the decline in Nasdaq futures positioning was roughly halfway back to the lows of 2018 in terms of dollar value and contracts, she said.</p><p><blockquote>她说，截至上次更新（上周二收盘），就美元价值和合约而言，纳斯达克期货头寸的下降幅度大约回到了 2018 年低点的一半。</blockquote></p><p> Calvasina also suggested investors keep an eye on valuations for the tech + internet + media + telecom (TIMT) space, based on where those levels were in the bubble of 2000.</p><p><blockquote>Calvasina 还建议投资者根据 2000 年泡沫中的水平，关注科技 + 互联网 + 媒体 + 电信 (TIMT) 领域的估值。</blockquote></p><p> “Our work here also suggests that big tech underperformance hasn’t run its course,” she said, even with sharp falls seen early this year, the weighted median forward price/earnings measure of TIMT sits at 26.2 times, well above a long-term average of 18.3 times. It is also elevated on a forward price/earnings relative to the S&amp;P 500.</p><p><blockquote>“她说：”尽管今年年初股价大幅下跌，但 TIMT 的加权远期市盈率中位数仍为 26.2 倍，远高于 18.3 倍的长期平均水平。相对于标普500，它的远期价格/收益也较高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7306c8462ecd9679fb16c08ac3a469c7\" tg-width=\"1260\" tg-height=\"646\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未入账</span></p></blockquote></p><p> As for what investors should do now, Calvasina has been telling clients that small-caps look cheap versus large-caps, and financials, energy and material don’t look expensive yet.</p><p><blockquote>至于投资者现在应该怎么做，Calvasina 一直告诉客户，与大盘股相比，小盘股看起来很便宜，金融、能源和材料看起来还不贵。</blockquote></p><p> She is also eyeing the midcap space for a few reasons. Firstly, the Russell Midcap&nbsp;and S&amp;P 400 MidCap&nbsp;benchmark indexes are more exposed to cyclical sectors than TIMT, futures positioning on those smaller stocks isn’t looking stretched (see chart below) and valuations look attractive versus large-caps, and reasonable versus smaller companies, she argues.</p><p><blockquote>出于几个原因，她也在关注中型股领域。她认为，首先，罗素中型股和标准普尔 400 中型股基准指数比 TIMT 更容易受到周期性行业的影响，这些小型股票的期货头寸看起来并不捉襟见肘（见下图），而且与大盘股相比，估值看起来很有吸引力，与小公司相比，估值看起来也很合理。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/750d414832524e7c7c6e718db9a1d110\" tg-width=\"1260\" tg-height=\"653\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未入账</span></p></blockquote></p><p> “We’ve been advising managers to move down market cap, given the tendency of low market cap to outperform within the Russell 1000&nbsp;coming out of recessions and over time,” said Calvasina.</p><p><blockquote>“卡尔瓦西纳说：”我们一直建议管理者降低市值，因为在经济衰退后，随着时间的推移，低市值往往会跑赢罗素 1000 指数。</blockquote></p><p> <b>The markets</b></p><p><blockquote><b>市场</b></blockquote></p><p> Stock futures&nbsp;are pointing to gains across the board, led by beaten-down techs,up 2%. European markets&nbsp;are rising. That is as pressure on bonds ease up, with the yield on the 10-year U.S. Treasury note&nbsp;down 7 basis points to 1.52%.</p><p><blockquote>在遭受重创的科技股的带领下，股票期货全面上涨，上涨 2%。欧洲市场正在上涨。与此同时，债券压力有所缓解，10年期美国国债收益率下降7个基点至1.52%。</blockquote></p><p> <b>The chart</b></p><p><blockquote><b>图表</b></blockquote></p><p> It was a bumpy ride on Tuesday for China’s CSI 3000,which lost 2.1%, evenamid a reportthat Chinese state funds were buying stocks.</p><p><blockquote>中国沪深 3000 指数周二跌宕起伏，下跌 2.1%，尽管有报道称中国主权财富基金正在买入股票。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2dd0668688161c84ab8c9e5a6d520a8\" tg-width=\"906\" tg-height=\"482\"></p><p><blockquote></blockquote></p><p> <b>The quote</b></p><p><blockquote><b>报价</b></blockquote></p><p> “I’m happy that the market is broadening out.” That was Cathie Wood, founder of the popular ARK Investment Management and exchange-traded funds like ARK Innovation,speaking in aBloomberg interviewlate on Monday. She says she’s finding opportunities in the recent tech selloff.</p><p><blockquote>“我很高兴市场正在扩大”。这是广受欢迎的 ARK Investment Management 和 ARK Innovation 等交易所交易基金的创始人凯西·伍德 (Cathie Wood) 周一晚间在接受彭博社采访时发表的讲话。她说，她在最近的科技抛售中发现了机会。</blockquote></p><p> <b>The buzz</b></p><p><blockquote><b>嗡嗡声</b></blockquote></p><p> One stock that several ARK ETFs are exposed to is electric-car maker Tesla.The tech selloff has erasedmore than a quarter of a trillion dollarsoff the electric-car maker’s market cap in just over a month. But shares are up about 5% in premarket.</p><p><blockquote>几只 ARK ETF 投资的一只股票是电动汽车制造商特斯拉。在短短一个多月的时间里，科技抛售已经让这家电动汽车制造商的市值蒸发了超过四分之一万亿美元。但盘前股价上涨约 5%。</blockquote></p><p> Small businesses are less anxious, but wrestling with an uneven recovery, the latest&nbsp;data compiled by the National Federation of Independent Business showed.</p><p><blockquote>全国独立企业联合会汇编的最新数据显示，小企业不那么焦虑，但正在努力应对不均衡的复苏。</blockquote></p><p> The COVID-19 vaccine from drug company Pfizer&nbsp;and its partner BioNTech&nbsp;neutralized a fast-spreading Brazilian variant of coronavirus,according to a new study.And Russia’s Sputnik V vaccine will soon beproduced in Europe.</p><p><blockquote>根据一项新的研究， 制药公司辉瑞及其合作伙伴 BioNTech 的 COVID-19 疫苗中和了一种快速传播的巴西冠状病毒变种。俄罗斯的“卫星-V”疫苗也将很快在欧洲生产。</blockquote></p><p></p><p> Shares of videogames retailer GameStop,the poster child of the retail frenzy from earlier this year, aresurging in premarketafter the company said it has createda new strategy committee&nbsp;to identify ways to accelerate its transformation. The Senate Banking Committee will hold a&nbsp;hearing on the GameStop saga on Tuesday.</p><p><blockquote>视频游戏零售商 GameStop 是今年早些时候零售狂潮的典型代表，该公司表示已成立新的战略委员会，以确定加速转型的方法，该公司的股价在盘前上涨。参议院银行委员会将于周二就游戏驿站事件举行听证会。</blockquote></p><p> Stitch Fix&nbsp;shares are tumbling, after the retailer’s sales numbersfell short of Wall Street hopes.</p><p><blockquote>Stitch Fix 的销售数据未达到华尔街的希望，该零售商的股价正在暴跌。</blockquote></p><p> Zoom&nbsp;founder Eric Yuan transferred $6 billion worth of his shares to unspecified beneficiaries last week,says a regulatory filing.</p><p><blockquote>一份监管文件称，Zoom 创始人袁埃里克上周将价值 60 亿美元的股份转让给了不明受益人。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/this-clear-signal-says-the-big-tech-unwind-isnt-done-yet-according-to-strategist-11615292077?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",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/this-clear-signal-says-the-big-tech-unwind-isnt-done-yet-according-to-strategist-11615292077?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1111423037","content_text":"Critical information for the U.S. trading day\nGet that Dow 32,000 beanie hat ready for Tuesday, as pressure in the bond market continues to ease and celebrating over a $1.9 trillion stimulus package carries on a bit. Futures are also pointing to a sharp rebound for technology stocks after the Nasdaq Composite fell into correction territory on Monday.\nOne valid question to ask right now is, how much more of a pullback for techs will we see? “Our work on positioning suggests that the big tech unwind may be at least halfway done, but isn’t finished,” said Lori Calvasina, RBC Capital’s head of U.S. equity strategy, in our call of the day.\nCalvasina based this on a tracking of weekly Nasdaq futures contracts, provided by the U.S. Commodity Futures Trading Commission. The data are used by some on Wall Street as a measure of sentiment of how hedge funds and institutional investors are positioning in the U.S. equity markets.\n“This indicator…returned to 2013-2014 peaks on a dollar value basis [left image] earlier this year, and to levels that have marked the peak several times since then in terms of the number of contracts owned [right image],” she said. “While U.S. equity futures positioning generally has been highlighting risk of a pullback in stocks in recent months, that signal has been the most clear in Nasdaq positioning.”\n\nAs of the last update (last Tuesday’s close), the decline in Nasdaq futures positioning was roughly halfway back to the lows of 2018 in terms of dollar value and contracts, she said.\nCalvasina also suggested investors keep an eye on valuations for the tech + internet + media + telecom (TIMT) space, based on where those levels were in the bubble of 2000.\n“Our work here also suggests that big tech underperformance hasn’t run its course,” she said, even with sharp falls seen early this year, the weighted median forward price/earnings measure of TIMT sits at 26.2 times, well above a long-term average of 18.3 times. It is also elevated on a forward price/earnings relative to the S&P 500.\nUNCREDITED\nAs for what investors should do now, Calvasina has been telling clients that small-caps look cheap versus large-caps, and financials, energy and material don’t look expensive yet.\nShe is also eyeing the midcap space for a few reasons. Firstly, the Russell Midcap and S&P 400 MidCap benchmark indexes are more exposed to cyclical sectors than TIMT, futures positioning on those smaller stocks isn’t looking stretched (see chart below) and valuations look attractive versus large-caps, and reasonable versus smaller companies, she argues.\nUNCREDITED\n“We’ve been advising managers to move down market cap, given the tendency of low market cap to outperform within the Russell 1000 coming out of recessions and over time,” said Calvasina.\nThe markets\nStock futures are pointing to gains across the board, led by beaten-down techs,up 2%. European markets are rising. That is as pressure on bonds ease up, with the yield on the 10-year U.S. Treasury note down 7 basis points to 1.52%.\nThe chart\nIt was a bumpy ride on Tuesday for China’s CSI 3000,which lost 2.1%, evenamid a reportthat Chinese state funds were buying stocks.\n\nThe quote\n“I’m happy that the market is broadening out.” That was Cathie Wood, founder of the popular ARK Investment Management and exchange-traded funds like ARK Innovation,speaking in aBloomberg interviewlate on Monday. She says she’s finding opportunities in the recent tech selloff.\nThe buzz\nOne stock that several ARK ETFs are exposed to is electric-car maker Tesla.The tech selloff has erasedmore than a quarter of a trillion dollarsoff the electric-car maker’s market cap in just over a month. But shares are up about 5% in premarket.\nSmall businesses are less anxious, but wrestling with an uneven recovery, the latest data compiled by the National Federation of Independent Business showed.\nThe COVID-19 vaccine from drug company Pfizer and its partner BioNTech neutralized a fast-spreading Brazilian variant of coronavirus,according to a new study.And Russia’s Sputnik V vaccine will soon beproduced in Europe.\nShares of videogames retailer GameStop,the poster child of the retail frenzy from earlier this year, aresurging in premarketafter the company said it has createda new strategy committee to identify ways to accelerate its transformation. The Senate Banking Committee will hold a hearing on the GameStop saga on Tuesday.\nStitch Fix shares are tumbling, after the retailer’s sales numbersfell short of Wall Street hopes.\nZoom founder Eric Yuan transferred $6 billion worth of his shares to unspecified beneficiaries last week,says a regulatory filing.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":777,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329151803,"gmtCreate":1615216341702,"gmtModify":1703485852399,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329151803","repostId":"2117651365","repostType":2,"isVote":1,"tweetType":1,"viewCount":687,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329109253,"gmtCreate":1615213477572,"gmtModify":1703485755223,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"End","listText":"End","text":"End","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329109253","repostId":"1132314005","repostType":4,"repost":{"id":"1132314005","kind":"news","pubTimestamp":1615211001,"share":"https://www.laohunote.com/m/news/1132314005?lang=zh_CN&edition=full","pubTime":"2021-03-08 21:43","market":"us","language":"en","title":"How to handle market declines<blockquote>如何应对市场下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132314005","media":"Capital Group","summary":"You wouldn’t be human if you didn’t fear loss.\nNobel Prize-winning psychologist Daniel Kahneman demo","content":"<p>You wouldn’t be human if you didn’t fear loss.</p><p><blockquote>如果你不怕失去，你就不是人。</blockquote></p><p> Nobel Prize-winning psychologist Daniel Kahneman demonstrated this with his loss aversion theory, showing that people feel the pain of losing money more than they enjoy gains. The natural instinct is to flee the market when it starts to plummet, just as greed prompts people to jump back in when stocks are skyrocketing. Both can have negative impacts.</p><p><blockquote>诺贝尔奖得主心理学家丹尼尔·卡尼曼（Daniel Kahneman）用他的损失厌恶理论证明了这一点，表明人们感受到损失金钱的痛苦多于他们享受的收获。当市场开始暴跌时，人们的自然本能是逃离市场，就像当股票暴涨时，贪婪会促使人们跳回市场一样。两者都可能产生负面影响。</blockquote></p><p> But smart investing can overcome the power of emotion by focusing on relevant research, solid data and proven strategies. Here are seven principles that can help fight the urge to make emotional decisions in times of market turmoil.</p><p><blockquote>但聪明的投资可以通过关注相关研究、可靠的数据和行之有效的策略来克服情绪的力量。这里有七个原则可以帮助你在市场动荡时期抑制做出情绪化决定的冲动。</blockquote></p><p> <b>1. Market declines are part of investing</b></p><p><blockquote><b>1.市场下跌是投资的一部分</b></blockquote></p><p> Stocks have risen steadily for most of the last decade, but history tells us that stock market declines are an inevitable part of investing. The good news is that corrections (defined as a 10% or more decline), bear markets (an extended 20% or more decline) and other challenging patches haven’t lasted forever.</p><p><blockquote>在过去十年的大部分时间里，股市一直在稳步上涨，但历史告诉我们，股市下跌是投资不可避免的一部分。好消息是，调整（定义为下跌 10% 或以上）、熊市（持续下跌 20% 或以上）和其他具有挑战性的时期并没有永远持续下去。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/de01aaa90e8493bebe0ce8650722d2a9\" tg-width=\"916\" tg-height=\"359\"></p><p><blockquote></blockquote></p><p> The Standard &amp; Poor’s 500 Composite Index has typically dipped at least 10% about once a year, and 20% or more about every six years, according to data from 1950 to 2019. While past results are not predictive of future results, each downturn has been followed by a recovery and a new market high.</p><p><blockquote>根据 1950 年至 2019 年的数据，标准普尔 500 综合指数通常每年至少下跌 10%，大约每六年下跌 20% 或更多。虽然过去的结果并不能预测未来的结果，但每次低迷之后都会出现复苏和新的市场高点。</blockquote></p><p> <b>2. Time in the market matters, not market timing</b></p><p><blockquote><b>2.市场中的时间很重要，而不是市场时机</b></blockquote></p><p> No one can accurately predict short-term market moves, and investors who sit on the sidelines risk losing out on periods of meaningful price appreciation that follow downturns.</p><p><blockquote>没有人能够准确预测短期市场走势，观望的投资者可能会错过经济低迷后有意义的价格上涨时期。</blockquote></p><p> Every S&amp;P 500 decline of 15% or more, from 1929 through 2019, has been followed by a recovery. The average return in the first year after each of these declines was 54%.</p><p><blockquote>从 1929 年到 2019 年，标普500每下降 15% 或以上，就会出现复苏。每次下跌后第一年的平均回报率为 54%。</blockquote></p><p> Even missing out on just a few trading days can take a toll. A hypothetical investment of $1,000 in the S&amp;P 500 made in 2010 would have grown to more than $2,800 by the end of 2019. But if an investor missed just the 10 best trading days during that period, he or she would have ended up with 33% less.</p><p><blockquote>即使错过几个交易日也会造成损失。假设 2010 年在标普500投资 1,000 美元，到 2019 年底将增长到 2,800 美元以上。但如果投资者在此期间只错过了 10 个最佳交易日，他或她最终的收益就会减少 33%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5f6b5b3ae6b57cc31f1af5aebbc17fa2\" tg-width=\"916\" tg-height=\"517\"></p><p><blockquote></blockquote></p><p> <b>3. Emotional investing can be hazardous</b></p><p><blockquote><b>3. 情绪化投资可能很危险</b></blockquote></p><p> Kahneman won his Nobel Prize in 2002 for his work in behavioral economics, a field that investigates how individuals make financial decisions. A key finding of behavioral economists is that people often act irrationally when making such choices.</p><p><blockquote>卡尼曼因其在行为经济学领域的工作而获得2002年诺贝尔奖，该领域研究个人如何做出财务决策。行为经济学家的一个关键发现是，人们在做出这样的选择时往往是非理性的。</blockquote></p><p> Emotional reactions to market events are perfectly normal. Investors should expect to feel nervous when markets decline, but it’s the actions taken during such periods that can mean the difference between investment success and shortfall.</p><p><blockquote>对市场事件的情绪反应是完全正常的。当市场下跌时，投资者应该会感到紧张，但在这种时期采取的行动可能意味着投资成功和亏损的区别。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4ce214d221fe60c0d520aa334e3d7be7\" tg-width=\"916\" tg-height=\"448\"></p><p><blockquote></blockquote></p><p> One way to encourage rational investment decision-making is to understand the fundamentals of&nbsp;behavioral economics. Recognizing behaviors like anchoring, confirmation bias and availability bias may help investors identify potential mistakes before they make them.</p><p><blockquote>鼓励理性投资决策的一个方法是理解行为经济学的基本原理。识别锚定、确认偏差和可用性偏差等行为可以帮助投资者在潜在错误之前识别它们。</blockquote></p><p> <b>4. Make a plan and stick to it</b></p><p><blockquote><b>4.制定计划并坚持下去</b></blockquote></p><p> Creating and adhering to a thoughtfully constructed investment plan is another way to avoid making short-sighted investment decisions — particularly when markets move lower. The plan should take into account a number of factors, including risk tolerance and short- and long-term goals.</p><p><blockquote>制定并坚持一个经过深思熟虑的投资计划是避免做出短视投资决策的另一种方法——尤其是在市场走低的时候。该计划应考虑许多因素，包括风险承受能力以及短期和长期目标。</blockquote></p><p> One way to avoid futile attempts to time the market is with dollar cost averaging, where a fixed amount of money is invested at regular intervals, regardless of market ups and downs. This approach creates a strategy in which more shares are purchased at lower prices and fewer shares are purchased at higher prices. Over time investors pay less, on average, per share. Regular investing does not ensure a profit or protect against loss. Investors should consider their willingness to keep investing when share prices are declining.</p><p><blockquote>避免徒劳地尝试为市场计时的一种方法是使用美元成本平均，即定期投资固定数量的资金，无论市场涨跌如何。这种方法创造了一种策略，在这种策略中，以较低的价格购买更多的股票，以较高的价格购买更少的股票。随着时间的推移，投资者平均每股支付的费用会减少。定期投资并不能确保盈利或防止亏损。投资者应该考虑他们在股价下跌时继续投资的意愿。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c40068e959546f5e54c0a77a783a038b\" tg-width=\"916\" tg-height=\"501\"></p><p><blockquote></blockquote></p><p> Retirement plans, to which investors make automatic contributions with every paycheck, are a prime example of dollar cost averaging.</p><p><blockquote>退休计划是美元成本平均的一个典型例子，投资者在每份薪水中自动缴款。</blockquote></p><p> <b>5. Diversification matters</b></p><p><blockquote><b>5. 多样化事项</b></blockquote></p><p> A diversified portfolio doesn’t guarantee profits or provide assurances that investments won’t decrease in value, but it does help lower risk. By spreading investments across a variety of asset classes, investors can buffer the effects of volatility on their portfolios. Overall returns won’t reach the highest highs of any single investment — but they won’t hit the lowest lows either.</p><p><blockquote>多元化的投资组合并不能保证利润，也不能保证投资不会贬值，但它确实有助于降低风险。通过将投资分散到各种资产类别，投资者可以缓冲波动性对其投资组合的影响。总体回报不会达到任何单项投资的最高点，但也不会达到最低点。</blockquote></p><p> For investors who want to avoid some of the stress of downturns, diversification can help lower volatility.</p><p><blockquote>对于想要避免经济低迷压力的投资者来说，多元化投资有助于降低波动性。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a6b891f36b43c3ca3b7f9285cf8d0ca4\" tg-width=\"916\" tg-height=\"645\"></p><p><blockquote></blockquote></p><p></p><p> <b>6. Fixed income can help bring balance</b></p><p><blockquote><b>6. 固定收入有助于实现平衡</b></blockquote></p><p> Stocks are important building blocks of a diversified portfolio, but bonds can provide an essential counterbalance. That’s because bonds typically have low correlation to the stock market, meaning that they have tended to zig when the stock market zagged.</p><p><blockquote>股票是多元化投资组合的重要组成部分，但债券可以提供必要的平衡。这是因为债券通常与股市的相关性较低，这意味着当股市波动时，债券往往会呈锯齿状波动。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/890a63f81150f3bfa535786be314ddea\" tg-width=\"916\" tg-height=\"537\"></p><p><blockquote></blockquote></p><p> What’s more, bonds with a low equity correlation can potentially help soften the impact of stock market losses on your overall portfolio. Funds providing this diversification can help create durable portfolios, and investors should seek bond funds with strong track records of positive returns through a variety of markets.</p><p><blockquote>此外，股票相关性较低的债券有可能帮助减轻股市下跌对您整体投资组合的影响。提供这种多元化的基金可以帮助创建持久的投资组合，投资者应该寻找在各种市场中具有良好正回报记录的债券基金。</blockquote></p><p> Though bonds may not be able to match the growth potential of stocks, they have often shown resilience in past equity declines. For example, U.S. core bonds were flat or positive in five of the last six corrections.</p><p><blockquote>尽管债券可能无法与股票的增长潜力相匹配，但它们在过去的股市下跌中经常表现出弹性。例如，在过去六次调整中，美国核心债券有五次持平或正值。</blockquote></p><p> <b>7. The market tends to reward long-term investors</b></p><p><blockquote><b>7.市场倾向于奖励长期投资者</b></blockquote></p><p> Is it reasonable to expect 30% returns every year? Of course not. And if stocks have moved lower in recent weeks, you shouldn’t expect that to be the start of a long-term trend, either. Behavioral economics tells us recent events carry an outsized influence on our perceptions and decisions.</p><p><blockquote>每年期望30%的回报合理吗？当然不是。如果最近几周股市走低，你也不应该指望这是长期趋势的开始。行为经济学告诉我们，最近发生的事件对我们的感知和决策有着巨大的影响。</blockquote></p><p> It’s always important to maintain a long-term perspective, but especially when markets are declining. Although stocks rise and fall in the short term, they’ve tended to reward investors over longer periods of time. Even including downturns, the S&amp;P 500’s average annual return over all 10-year periods from 1937 to 2019 was 10.47%.</p><p><blockquote>保持长远眼光始终很重要，尤其是在市场下滑的时候。虽然股票在短期内有涨有跌，但从长远来看，它们往往会给投资者带来回报。即使算上经济衰退，从 1937 年到 2019 年的所有 10 年期间，标普500的平均年回报率也为 10.47%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9a43c92755d55227a882d674690c39c3\" tg-width=\"795\" tg-height=\"532\"></p><p><blockquote></blockquote></p><p> It’s natural for emotions to bubble up during periods of volatility. Those investors who can tune out the news and focus on their long-term goals are better positioned to plot out a wise investment strategy.</p><p><blockquote>在动荡时期，情绪波动是很自然的。那些能够关注新闻并专注于长期目标的投资者更有能力制定明智的投资策略。</blockquote></p><p></p>","source":"lsy1615210994562","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>How to handle market declines<blockquote>如何应对市场下跌</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\">\nHow to handle market declines<blockquote>如何应对市场下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Capital Group</strong><span class=\"h-time small\">2021-03-08 21:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>You wouldn’t be human if you didn’t fear loss.</p><p><blockquote>如果你不怕失去，你就不是人。</blockquote></p><p> Nobel Prize-winning psychologist Daniel Kahneman demonstrated this with his loss aversion theory, showing that people feel the pain of losing money more than they enjoy gains. The natural instinct is to flee the market when it starts to plummet, just as greed prompts people to jump back in when stocks are skyrocketing. Both can have negative impacts.</p><p><blockquote>诺贝尔奖得主心理学家丹尼尔·卡尼曼（Daniel Kahneman）用他的损失厌恶理论证明了这一点，表明人们感受到损失金钱的痛苦多于他们享受的收获。当市场开始暴跌时，人们的自然本能是逃离市场，就像当股票暴涨时，贪婪会促使人们跳回市场一样。两者都可能产生负面影响。</blockquote></p><p> But smart investing can overcome the power of emotion by focusing on relevant research, solid data and proven strategies. Here are seven principles that can help fight the urge to make emotional decisions in times of market turmoil.</p><p><blockquote>但聪明的投资可以通过关注相关研究、可靠的数据和行之有效的策略来克服情绪的力量。这里有七个原则可以帮助你在市场动荡时期抑制做出情绪化决定的冲动。</blockquote></p><p> <b>1. Market declines are part of investing</b></p><p><blockquote><b>1.市场下跌是投资的一部分</b></blockquote></p><p> Stocks have risen steadily for most of the last decade, but history tells us that stock market declines are an inevitable part of investing. The good news is that corrections (defined as a 10% or more decline), bear markets (an extended 20% or more decline) and other challenging patches haven’t lasted forever.</p><p><blockquote>在过去十年的大部分时间里，股市一直在稳步上涨，但历史告诉我们，股市下跌是投资不可避免的一部分。好消息是，调整（定义为下跌 10% 或以上）、熊市（持续下跌 20% 或以上）和其他具有挑战性的时期并没有永远持续下去。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/de01aaa90e8493bebe0ce8650722d2a9\" tg-width=\"916\" tg-height=\"359\"></p><p><blockquote></blockquote></p><p> The Standard &amp; Poor’s 500 Composite Index has typically dipped at least 10% about once a year, and 20% or more about every six years, according to data from 1950 to 2019. While past results are not predictive of future results, each downturn has been followed by a recovery and a new market high.</p><p><blockquote>根据 1950 年至 2019 年的数据，标准普尔 500 综合指数通常每年至少下跌 10%，大约每六年下跌 20% 或更多。虽然过去的结果并不能预测未来的结果，但每次低迷之后都会出现复苏和新的市场高点。</blockquote></p><p> <b>2. Time in the market matters, not market timing</b></p><p><blockquote><b>2.市场中的时间很重要，而不是市场时机</b></blockquote></p><p> No one can accurately predict short-term market moves, and investors who sit on the sidelines risk losing out on periods of meaningful price appreciation that follow downturns.</p><p><blockquote>没有人能够准确预测短期市场走势，观望的投资者可能会错过经济低迷后有意义的价格上涨时期。</blockquote></p><p> Every S&amp;P 500 decline of 15% or more, from 1929 through 2019, has been followed by a recovery. The average return in the first year after each of these declines was 54%.</p><p><blockquote>从 1929 年到 2019 年，标普500每下降 15% 或以上，就会出现复苏。每次下跌后第一年的平均回报率为 54%。</blockquote></p><p> Even missing out on just a few trading days can take a toll. A hypothetical investment of $1,000 in the S&amp;P 500 made in 2010 would have grown to more than $2,800 by the end of 2019. But if an investor missed just the 10 best trading days during that period, he or she would have ended up with 33% less.</p><p><blockquote>即使错过几个交易日也会造成损失。假设 2010 年在标普500投资 1,000 美元，到 2019 年底将增长到 2,800 美元以上。但如果投资者在此期间只错过了 10 个最佳交易日，他或她最终的收益就会减少 33%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5f6b5b3ae6b57cc31f1af5aebbc17fa2\" tg-width=\"916\" tg-height=\"517\"></p><p><blockquote></blockquote></p><p> <b>3. Emotional investing can be hazardous</b></p><p><blockquote><b>3. 情绪化投资可能很危险</b></blockquote></p><p> Kahneman won his Nobel Prize in 2002 for his work in behavioral economics, a field that investigates how individuals make financial decisions. A key finding of behavioral economists is that people often act irrationally when making such choices.</p><p><blockquote>卡尼曼因其在行为经济学领域的工作而获得2002年诺贝尔奖，该领域研究个人如何做出财务决策。行为经济学家的一个关键发现是，人们在做出这样的选择时往往是非理性的。</blockquote></p><p> Emotional reactions to market events are perfectly normal. Investors should expect to feel nervous when markets decline, but it’s the actions taken during such periods that can mean the difference between investment success and shortfall.</p><p><blockquote>对市场事件的情绪反应是完全正常的。当市场下跌时，投资者应该会感到紧张，但在这种时期采取的行动可能意味着投资成功和亏损的区别。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4ce214d221fe60c0d520aa334e3d7be7\" tg-width=\"916\" tg-height=\"448\"></p><p><blockquote></blockquote></p><p> One way to encourage rational investment decision-making is to understand the fundamentals of&nbsp;behavioral economics. Recognizing behaviors like anchoring, confirmation bias and availability bias may help investors identify potential mistakes before they make them.</p><p><blockquote>鼓励理性投资决策的一个方法是理解行为经济学的基本原理。识别锚定、确认偏差和可用性偏差等行为可以帮助投资者在潜在错误之前识别它们。</blockquote></p><p> <b>4. Make a plan and stick to it</b></p><p><blockquote><b>4.制定计划并坚持下去</b></blockquote></p><p> Creating and adhering to a thoughtfully constructed investment plan is another way to avoid making short-sighted investment decisions — particularly when markets move lower. The plan should take into account a number of factors, including risk tolerance and short- and long-term goals.</p><p><blockquote>制定并坚持一个经过深思熟虑的投资计划是避免做出短视投资决策的另一种方法——尤其是在市场走低的时候。该计划应考虑许多因素，包括风险承受能力以及短期和长期目标。</blockquote></p><p> One way to avoid futile attempts to time the market is with dollar cost averaging, where a fixed amount of money is invested at regular intervals, regardless of market ups and downs. This approach creates a strategy in which more shares are purchased at lower prices and fewer shares are purchased at higher prices. Over time investors pay less, on average, per share. Regular investing does not ensure a profit or protect against loss. Investors should consider their willingness to keep investing when share prices are declining.</p><p><blockquote>避免徒劳地尝试为市场计时的一种方法是使用美元成本平均，即定期投资固定数量的资金，无论市场涨跌如何。这种方法创造了一种策略，在这种策略中，以较低的价格购买更多的股票，以较高的价格购买更少的股票。随着时间的推移，投资者平均每股支付的费用会减少。定期投资并不能确保盈利或防止亏损。投资者应该考虑他们在股价下跌时继续投资的意愿。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c40068e959546f5e54c0a77a783a038b\" tg-width=\"916\" tg-height=\"501\"></p><p><blockquote></blockquote></p><p> Retirement plans, to which investors make automatic contributions with every paycheck, are a prime example of dollar cost averaging.</p><p><blockquote>退休计划是美元成本平均的一个典型例子，投资者在每份薪水中自动缴款。</blockquote></p><p> <b>5. Diversification matters</b></p><p><blockquote><b>5. 多样化事项</b></blockquote></p><p> A diversified portfolio doesn’t guarantee profits or provide assurances that investments won’t decrease in value, but it does help lower risk. By spreading investments across a variety of asset classes, investors can buffer the effects of volatility on their portfolios. Overall returns won’t reach the highest highs of any single investment — but they won’t hit the lowest lows either.</p><p><blockquote>多元化的投资组合并不能保证利润，也不能保证投资不会贬值，但它确实有助于降低风险。通过将投资分散到各种资产类别，投资者可以缓冲波动性对其投资组合的影响。总体回报不会达到任何单项投资的最高点，但也不会达到最低点。</blockquote></p><p> For investors who want to avoid some of the stress of downturns, diversification can help lower volatility.</p><p><blockquote>对于想要避免经济低迷压力的投资者来说，多元化投资有助于降低波动性。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a6b891f36b43c3ca3b7f9285cf8d0ca4\" tg-width=\"916\" tg-height=\"645\"></p><p><blockquote></blockquote></p><p></p><p> <b>6. Fixed income can help bring balance</b></p><p><blockquote><b>6. 固定收入有助于实现平衡</b></blockquote></p><p> Stocks are important building blocks of a diversified portfolio, but bonds can provide an essential counterbalance. That’s because bonds typically have low correlation to the stock market, meaning that they have tended to zig when the stock market zagged.</p><p><blockquote>股票是多元化投资组合的重要组成部分，但债券可以提供必要的平衡。这是因为债券通常与股市的相关性较低，这意味着当股市波动时，债券往往会呈锯齿状波动。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/890a63f81150f3bfa535786be314ddea\" tg-width=\"916\" tg-height=\"537\"></p><p><blockquote></blockquote></p><p> What’s more, bonds with a low equity correlation can potentially help soften the impact of stock market losses on your overall portfolio. Funds providing this diversification can help create durable portfolios, and investors should seek bond funds with strong track records of positive returns through a variety of markets.</p><p><blockquote>此外，股票相关性较低的债券有可能帮助减轻股市下跌对您整体投资组合的影响。提供这种多元化的基金可以帮助创建持久的投资组合，投资者应该寻找在各种市场中具有良好正回报记录的债券基金。</blockquote></p><p> Though bonds may not be able to match the growth potential of stocks, they have often shown resilience in past equity declines. For example, U.S. core bonds were flat or positive in five of the last six corrections.</p><p><blockquote>尽管债券可能无法与股票的增长潜力相匹配，但它们在过去的股市下跌中经常表现出弹性。例如，在过去六次调整中，美国核心债券有五次持平或正值。</blockquote></p><p> <b>7. The market tends to reward long-term investors</b></p><p><blockquote><b>7.市场倾向于奖励长期投资者</b></blockquote></p><p> Is it reasonable to expect 30% returns every year? Of course not. And if stocks have moved lower in recent weeks, you shouldn’t expect that to be the start of a long-term trend, either. Behavioral economics tells us recent events carry an outsized influence on our perceptions and decisions.</p><p><blockquote>每年期望30%的回报合理吗？当然不是。如果最近几周股市走低，你也不应该指望这是长期趋势的开始。行为经济学告诉我们，最近发生的事件对我们的感知和决策有着巨大的影响。</blockquote></p><p> It’s always important to maintain a long-term perspective, but especially when markets are declining. Although stocks rise and fall in the short term, they’ve tended to reward investors over longer periods of time. Even including downturns, the S&amp;P 500’s average annual return over all 10-year periods from 1937 to 2019 was 10.47%.</p><p><blockquote>保持长远眼光始终很重要，尤其是在市场下滑的时候。虽然股票在短期内有涨有跌，但从长远来看，它们往往会给投资者带来回报。即使算上经济衰退，从 1937 年到 2019 年的所有 10 年期间，标普500的平均年回报率也为 10.47%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9a43c92755d55227a882d674690c39c3\" tg-width=\"795\" tg-height=\"532\"></p><p><blockquote></blockquote></p><p> It’s natural for emotions to bubble up during periods of volatility. Those investors who can tune out the news and focus on their long-term goals are better positioned to plot out a wise investment strategy.</p><p><blockquote>在动荡时期，情绪波动是很自然的。那些能够关注新闻并专注于长期目标的投资者更有能力制定明智的投资策略。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.capitalgroup.com/advisor/insights/articles/handle-market-declines.html\">Capital Group</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.capitalgroup.com/advisor/insights/articles/handle-market-declines.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132314005","content_text":"You wouldn’t be human if you didn’t fear loss.\nNobel Prize-winning psychologist Daniel Kahneman demonstrated this with his loss aversion theory, showing that people feel the pain of losing money more than they enjoy gains. The natural instinct is to flee the market when it starts to plummet, just as greed prompts people to jump back in when stocks are skyrocketing. Both can have negative impacts.\nBut smart investing can overcome the power of emotion by focusing on relevant research, solid data and proven strategies. Here are seven principles that can help fight the urge to make emotional decisions in times of market turmoil.\n1. Market declines are part of investing\nStocks have risen steadily for most of the last decade, but history tells us that stock market declines are an inevitable part of investing. The good news is that corrections (defined as a 10% or more decline), bear markets (an extended 20% or more decline) and other challenging patches haven’t lasted forever.\n\nThe Standard & Poor’s 500 Composite Index has typically dipped at least 10% about once a year, and 20% or more about every six years, according to data from 1950 to 2019. While past results are not predictive of future results, each downturn has been followed by a recovery and a new market high.\n2. Time in the market matters, not market timing\nNo one can accurately predict short-term market moves, and investors who sit on the sidelines risk losing out on periods of meaningful price appreciation that follow downturns.\nEvery S&P 500 decline of 15% or more, from 1929 through 2019, has been followed by a recovery. The average return in the first year after each of these declines was 54%.\nEven missing out on just a few trading days can take a toll. A hypothetical investment of $1,000 in the S&P 500 made in 2010 would have grown to more than $2,800 by the end of 2019. But if an investor missed just the 10 best trading days during that period, he or she would have ended up with 33% less.\n\n3. Emotional investing can be hazardous\nKahneman won his Nobel Prize in 2002 for his work in behavioral economics, a field that investigates how individuals make financial decisions. A key finding of behavioral economists is that people often act irrationally when making such choices.\nEmotional reactions to market events are perfectly normal. Investors should expect to feel nervous when markets decline, but it’s the actions taken during such periods that can mean the difference between investment success and shortfall.\n\nOne way to encourage rational investment decision-making is to understand the fundamentals of behavioral economics. Recognizing behaviors like anchoring, confirmation bias and availability bias may help investors identify potential mistakes before they make them.\n4. Make a plan and stick to it\nCreating and adhering to a thoughtfully constructed investment plan is another way to avoid making short-sighted investment decisions — particularly when markets move lower. The plan should take into account a number of factors, including risk tolerance and short- and long-term goals.\nOne way to avoid futile attempts to time the market is with dollar cost averaging, where a fixed amount of money is invested at regular intervals, regardless of market ups and downs. This approach creates a strategy in which more shares are purchased at lower prices and fewer shares are purchased at higher prices. Over time investors pay less, on average, per share. Regular investing does not ensure a profit or protect against loss. Investors should consider their willingness to keep investing when share prices are declining.\n\nRetirement plans, to which investors make automatic contributions with every paycheck, are a prime example of dollar cost averaging.\n5. Diversification matters\nA diversified portfolio doesn’t guarantee profits or provide assurances that investments won’t decrease in value, but it does help lower risk. By spreading investments across a variety of asset classes, investors can buffer the effects of volatility on their portfolios. Overall returns won’t reach the highest highs of any single investment — but they won’t hit the lowest lows either.\nFor investors who want to avoid some of the stress of downturns, diversification can help lower volatility.\n\n6. Fixed income can help bring balance\nStocks are important building blocks of a diversified portfolio, but bonds can provide an essential counterbalance. That’s because bonds typically have low correlation to the stock market, meaning that they have tended to zig when the stock market zagged.\n\nWhat’s more, bonds with a low equity correlation can potentially help soften the impact of stock market losses on your overall portfolio. Funds providing this diversification can help create durable portfolios, and investors should seek bond funds with strong track records of positive returns through a variety of markets.\nThough bonds may not be able to match the growth potential of stocks, they have often shown resilience in past equity declines. For example, U.S. core bonds were flat or positive in five of the last six corrections.\n7. The market tends to reward long-term investors\nIs it reasonable to expect 30% returns every year? Of course not. And if stocks have moved lower in recent weeks, you shouldn’t expect that to be the start of a long-term trend, either. Behavioral economics tells us recent events carry an outsized influence on our perceptions and decisions.\nIt’s always important to maintain a long-term perspective, but especially when markets are declining. Although stocks rise and fall in the short term, they’ve tended to reward investors over longer periods of time. Even including downturns, the S&P 500’s average annual return over all 10-year periods from 1937 to 2019 was 10.47%.\n\nIt’s natural for emotions to bubble up during periods of volatility. Those investors who can tune out the news and focus on their long-term goals are better positioned to plot out a wise investment strategy.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":728,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329347146,"gmtCreate":1615212650485,"gmtModify":1703485737358,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329347146","repostId":"1157475799","repostType":4,"isVote":1,"tweetType":1,"viewCount":1172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":329345326,"gmtCreate":1615212519965,"gmtModify":1703485733890,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570533791477514","idStr":"3570533791477514"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329345326","repostId":"2117575856","repostType":2,"isVote":1,"tweetType":1,"viewCount":874,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":387690960,"gmtCreate":1613742918450,"gmtModify":1634552410484,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570533791477514","authorIdStr":"3570533791477514"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>[愤怒]&nbsp;[财迷]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>[愤怒]&nbsp;[财迷]&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$[愤怒] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/387690960","isVote":1,"tweetType":1,"viewCount":2434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":323042591,"gmtCreate":1615293510713,"gmtModify":1703486873186,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570533791477514","authorIdStr":"3570533791477514"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/323042591","repostId":"1111423037","repostType":4,"repost":{"id":"1111423037","kind":"news","pubTimestamp":1615293095,"share":"https://www.laohunote.com/m/news/1111423037?lang=zh_CN&edition=full","pubTime":"2021-03-09 20:31","market":"us","language":"en","title":"This clear signal says the big tech unwind isn’t done yet, according to strategist<blockquote>战略家认为，这一明确信号表明大型科技公司的解散尚未完成</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111423037","media":"MarketWatch","summary":"Critical information for the U.S. trading day\nGet that Dow 32,000 beanie hat ready for Tuesday, as p","content":"<p>Critical information for the U.S. trading day</p><p><blockquote>美国交易日的关键信息</blockquote></p><p> Get that Dow&nbsp;32,000 beanie hat ready for Tuesday, as pressure in the bond market continues to ease and celebrating over a $1.9 trillion stimulus package carries on a bit. Futures are also pointing to a sharp rebound for technology stocks after the Nasdaq Composite&nbsp;fell into correction territory on Monday.</p><p><blockquote>随着债券市场的压力继续缓解，以及对超过 1.9 万亿美元刺激计划的庆祝活动继续进行，周二准备好道琼斯 32,000 点的帽子。在纳斯达克综合指数周一跌入回调区域后，期货也表明科技股将大幅反弹。</blockquote></p><p> One valid question to ask right now is, how much more of a pullback for techs will we see? “Our work on positioning suggests that the big tech unwind may be at least halfway done, but isn’t finished,” said Lori Calvasina, RBC Capital’s head of U.S. equity strategy, in our&nbsp;<b>call of the day</b>.</p><p><blockquote>现在要问的一个合理问题是，我们还会看到多少科技股的回调？“加拿大皇家银行资本（RBC Capital）美国股票策略主管洛里-卡尔瓦西纳（Lori Calvasina）在我们的报告中说：”我们在定位方面的工作表明，大型科技公司的退出可能至少已经完成了一半，但还没有完成。<b>今日看涨期权</b>.</blockquote></p><p> Calvasina based this on a tracking of weekly Nasdaq futures contracts, provided by the U.S. Commodity Futures Trading Commission. The data are used by some on Wall Street as a measure of sentiment of how hedge funds and institutional investors are positioning in the U.S. equity markets.</p><p><blockquote>Calvasina 基于美国商品期货交易委员会提供的每周纳斯达克期货合约跟踪。这些数据被华尔街的一些人用来衡量对冲基金和机构投资者在美国股市中定位的情绪。</blockquote></p><p> “This indicator…returned to 2013-2014 peaks on a dollar value basis [left image] earlier this year, and to levels that have marked the peak several times since then in terms of the number of contracts owned [right image],” she said. “While U.S. equity futures positioning generally has been highlighting risk of a pullback in stocks in recent months, that signal has been the most clear in Nasdaq positioning.”</p><p><blockquote>“她说：”今年早些时候，这一指标.按美元价值计算回到了 2013-2014 年的峰值[左图]，而此后，就持有合同数量而言，又回到了数次达到峰值的水平[右图]。“虽然近几个月来美国股票期货的定位普遍凸显了股市回调的风险，但这一信号在纳斯达克的定位中最为明显。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6281c4e4ef83849068bf0c3a1e1adfbe\" tg-width=\"1260\" tg-height=\"636\"></p><p><blockquote></blockquote></p><p> As of the last update (last Tuesday’s close), the decline in Nasdaq futures positioning was roughly halfway back to the lows of 2018 in terms of dollar value and contracts, she said.</p><p><blockquote>她说，截至上次更新（上周二收盘），就美元价值和合约而言，纳斯达克期货头寸的下降幅度大约回到了 2018 年低点的一半。</blockquote></p><p> Calvasina also suggested investors keep an eye on valuations for the tech + internet + media + telecom (TIMT) space, based on where those levels were in the bubble of 2000.</p><p><blockquote>Calvasina 还建议投资者根据 2000 年泡沫中的水平，关注科技 + 互联网 + 媒体 + 电信 (TIMT) 领域的估值。</blockquote></p><p> “Our work here also suggests that big tech underperformance hasn’t run its course,” she said, even with sharp falls seen early this year, the weighted median forward price/earnings measure of TIMT sits at 26.2 times, well above a long-term average of 18.3 times. It is also elevated on a forward price/earnings relative to the S&amp;P 500.</p><p><blockquote>“她说：”尽管今年年初股价大幅下跌，但 TIMT 的加权远期市盈率中位数仍为 26.2 倍，远高于 18.3 倍的长期平均水平。相对于标普500，它的远期价格/收益也较高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7306c8462ecd9679fb16c08ac3a469c7\" tg-width=\"1260\" tg-height=\"646\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未入账</span></p></blockquote></p><p> As for what investors should do now, Calvasina has been telling clients that small-caps look cheap versus large-caps, and financials, energy and material don’t look expensive yet.</p><p><blockquote>至于投资者现在应该怎么做，Calvasina 一直告诉客户，与大盘股相比，小盘股看起来很便宜，金融、能源和材料看起来还不贵。</blockquote></p><p> She is also eyeing the midcap space for a few reasons. Firstly, the Russell Midcap&nbsp;and S&amp;P 400 MidCap&nbsp;benchmark indexes are more exposed to cyclical sectors than TIMT, futures positioning on those smaller stocks isn’t looking stretched (see chart below) and valuations look attractive versus large-caps, and reasonable versus smaller companies, she argues.</p><p><blockquote>出于几个原因，她也在关注中型股领域。她认为，首先，罗素中型股和标准普尔 400 中型股基准指数比 TIMT 更容易受到周期性行业的影响，这些小型股票的期货头寸看起来并不捉襟见肘（见下图），而且与大盘股相比，估值看起来很有吸引力，与小公司相比，估值看起来也很合理。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/750d414832524e7c7c6e718db9a1d110\" tg-width=\"1260\" tg-height=\"653\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未入账</span></p></blockquote></p><p> “We’ve been advising managers to move down market cap, given the tendency of low market cap to outperform within the Russell 1000&nbsp;coming out of recessions and over time,” said Calvasina.</p><p><blockquote>“卡尔瓦西纳说：”我们一直建议管理者降低市值，因为在经济衰退后，随着时间的推移，低市值往往会跑赢罗素 1000 指数。</blockquote></p><p> <b>The markets</b></p><p><blockquote><b>市场</b></blockquote></p><p> Stock futures&nbsp;are pointing to gains across the board, led by beaten-down techs,up 2%. European markets&nbsp;are rising. That is as pressure on bonds ease up, with the yield on the 10-year U.S. Treasury note&nbsp;down 7 basis points to 1.52%.</p><p><blockquote>在遭受重创的科技股的带领下，股票期货全面上涨，上涨 2%。欧洲市场正在上涨。与此同时，债券压力有所缓解，10年期美国国债收益率下降7个基点至1.52%。</blockquote></p><p> <b>The chart</b></p><p><blockquote><b>图表</b></blockquote></p><p> It was a bumpy ride on Tuesday for China’s CSI 3000,which lost 2.1%, evenamid a reportthat Chinese state funds were buying stocks.</p><p><blockquote>中国沪深 3000 指数周二跌宕起伏，下跌 2.1%，尽管有报道称中国主权财富基金正在买入股票。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2dd0668688161c84ab8c9e5a6d520a8\" tg-width=\"906\" tg-height=\"482\"></p><p><blockquote></blockquote></p><p> <b>The quote</b></p><p><blockquote><b>报价</b></blockquote></p><p> “I’m happy that the market is broadening out.” That was Cathie Wood, founder of the popular ARK Investment Management and exchange-traded funds like ARK Innovation,speaking in aBloomberg interviewlate on Monday. She says she’s finding opportunities in the recent tech selloff.</p><p><blockquote>“我很高兴市场正在扩大”。这是广受欢迎的 ARK Investment Management 和 ARK Innovation 等交易所交易基金的创始人凯西·伍德 (Cathie Wood) 周一晚间在接受彭博社采访时发表的讲话。她说，她在最近的科技抛售中发现了机会。</blockquote></p><p> <b>The buzz</b></p><p><blockquote><b>嗡嗡声</b></blockquote></p><p> One stock that several ARK ETFs are exposed to is electric-car maker Tesla.The tech selloff has erasedmore than a quarter of a trillion dollarsoff the electric-car maker’s market cap in just over a month. But shares are up about 5% in premarket.</p><p><blockquote>几只 ARK ETF 投资的一只股票是电动汽车制造商特斯拉。在短短一个多月的时间里，科技抛售已经让这家电动汽车制造商的市值蒸发了超过四分之一万亿美元。但盘前股价上涨约 5%。</blockquote></p><p> Small businesses are less anxious, but wrestling with an uneven recovery, the latest&nbsp;data compiled by the National Federation of Independent Business showed.</p><p><blockquote>全国独立企业联合会汇编的最新数据显示，小企业不那么焦虑，但正在努力应对不均衡的复苏。</blockquote></p><p> The COVID-19 vaccine from drug company Pfizer&nbsp;and its partner BioNTech&nbsp;neutralized a fast-spreading Brazilian variant of coronavirus,according to a new study.And Russia’s Sputnik V vaccine will soon beproduced in Europe.</p><p><blockquote>根据一项新的研究， 制药公司辉瑞及其合作伙伴 BioNTech 的 COVID-19 疫苗中和了一种快速传播的巴西冠状病毒变种。俄罗斯的“卫星-V”疫苗也将很快在欧洲生产。</blockquote></p><p></p><p> Shares of videogames retailer GameStop,the poster child of the retail frenzy from earlier this year, aresurging in premarketafter the company said it has createda new strategy committee&nbsp;to identify ways to accelerate its transformation. The Senate Banking Committee will hold a&nbsp;hearing on the GameStop saga on Tuesday.</p><p><blockquote>视频游戏零售商 GameStop 是今年早些时候零售狂潮的典型代表，该公司表示已成立新的战略委员会，以确定加速转型的方法，该公司的股价在盘前上涨。参议院银行委员会将于周二就游戏驿站事件举行听证会。</blockquote></p><p> Stitch Fix&nbsp;shares are tumbling, after the retailer’s sales numbersfell short of Wall Street hopes.</p><p><blockquote>Stitch Fix 的销售数据未达到华尔街的希望，该零售商的股价正在暴跌。</blockquote></p><p> Zoom&nbsp;founder Eric Yuan transferred $6 billion worth of his shares to unspecified beneficiaries last week,says a regulatory filing.</p><p><blockquote>一份监管文件称，Zoom 创始人袁埃里克上周将价值 60 亿美元的股份转让给了不明受益人。</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>This clear signal says the big tech unwind isn’t done yet, according to strategist<blockquote>战略家认为，这一明确信号表明大型科技公司的解散尚未完成</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; 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\">\nThis clear signal says the big tech unwind isn’t done yet, according to strategist<blockquote>战略家认为，这一明确信号表明大型科技公司的解散尚未完成</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-03-09 20:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Critical information for the U.S. trading day</p><p><blockquote>美国交易日的关键信息</blockquote></p><p> Get that Dow&nbsp;32,000 beanie hat ready for Tuesday, as pressure in the bond market continues to ease and celebrating over a $1.9 trillion stimulus package carries on a bit. Futures are also pointing to a sharp rebound for technology stocks after the Nasdaq Composite&nbsp;fell into correction territory on Monday.</p><p><blockquote>随着债券市场的压力继续缓解，以及对超过 1.9 万亿美元刺激计划的庆祝活动继续进行，周二准备好道琼斯 32,000 点的帽子。在纳斯达克综合指数周一跌入回调区域后，期货也表明科技股将大幅反弹。</blockquote></p><p> One valid question to ask right now is, how much more of a pullback for techs will we see? “Our work on positioning suggests that the big tech unwind may be at least halfway done, but isn’t finished,” said Lori Calvasina, RBC Capital’s head of U.S. equity strategy, in our&nbsp;<b>call of the day</b>.</p><p><blockquote>现在要问的一个合理问题是，我们还会看到多少科技股的回调？“加拿大皇家银行资本（RBC Capital）美国股票策略主管洛里-卡尔瓦西纳（Lori Calvasina）在我们的报告中说：”我们在定位方面的工作表明，大型科技公司的退出可能至少已经完成了一半，但还没有完成。<b>今日看涨期权</b>.</blockquote></p><p> Calvasina based this on a tracking of weekly Nasdaq futures contracts, provided by the U.S. Commodity Futures Trading Commission. The data are used by some on Wall Street as a measure of sentiment of how hedge funds and institutional investors are positioning in the U.S. equity markets.</p><p><blockquote>Calvasina 基于美国商品期货交易委员会提供的每周纳斯达克期货合约跟踪。这些数据被华尔街的一些人用来衡量对冲基金和机构投资者在美国股市中定位的情绪。</blockquote></p><p> “This indicator…returned to 2013-2014 peaks on a dollar value basis [left image] earlier this year, and to levels that have marked the peak several times since then in terms of the number of contracts owned [right image],” she said. “While U.S. equity futures positioning generally has been highlighting risk of a pullback in stocks in recent months, that signal has been the most clear in Nasdaq positioning.”</p><p><blockquote>“她说：”今年早些时候，这一指标.按美元价值计算回到了 2013-2014 年的峰值[左图]，而此后，就持有合同数量而言，又回到了数次达到峰值的水平[右图]。“虽然近几个月来美国股票期货的定位普遍凸显了股市回调的风险，但这一信号在纳斯达克的定位中最为明显。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6281c4e4ef83849068bf0c3a1e1adfbe\" tg-width=\"1260\" tg-height=\"636\"></p><p><blockquote></blockquote></p><p> As of the last update (last Tuesday’s close), the decline in Nasdaq futures positioning was roughly halfway back to the lows of 2018 in terms of dollar value and contracts, she said.</p><p><blockquote>她说，截至上次更新（上周二收盘），就美元价值和合约而言，纳斯达克期货头寸的下降幅度大约回到了 2018 年低点的一半。</blockquote></p><p> Calvasina also suggested investors keep an eye on valuations for the tech + internet + media + telecom (TIMT) space, based on where those levels were in the bubble of 2000.</p><p><blockquote>Calvasina 还建议投资者根据 2000 年泡沫中的水平，关注科技 + 互联网 + 媒体 + 电信 (TIMT) 领域的估值。</blockquote></p><p> “Our work here also suggests that big tech underperformance hasn’t run its course,” she said, even with sharp falls seen early this year, the weighted median forward price/earnings measure of TIMT sits at 26.2 times, well above a long-term average of 18.3 times. It is also elevated on a forward price/earnings relative to the S&amp;P 500.</p><p><blockquote>“她说：”尽管今年年初股价大幅下跌，但 TIMT 的加权远期市盈率中位数仍为 26.2 倍，远高于 18.3 倍的长期平均水平。相对于标普500，它的远期价格/收益也较高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7306c8462ecd9679fb16c08ac3a469c7\" tg-width=\"1260\" tg-height=\"646\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未入账</span></p></blockquote></p><p> As for what investors should do now, Calvasina has been telling clients that small-caps look cheap versus large-caps, and financials, energy and material don’t look expensive yet.</p><p><blockquote>至于投资者现在应该怎么做，Calvasina 一直告诉客户，与大盘股相比，小盘股看起来很便宜，金融、能源和材料看起来还不贵。</blockquote></p><p> She is also eyeing the midcap space for a few reasons. Firstly, the Russell Midcap&nbsp;and S&amp;P 400 MidCap&nbsp;benchmark indexes are more exposed to cyclical sectors than TIMT, futures positioning on those smaller stocks isn’t looking stretched (see chart below) and valuations look attractive versus large-caps, and reasonable versus smaller companies, she argues.</p><p><blockquote>出于几个原因，她也在关注中型股领域。她认为，首先，罗素中型股和标准普尔 400 中型股基准指数比 TIMT 更容易受到周期性行业的影响，这些小型股票的期货头寸看起来并不捉襟见肘（见下图），而且与大盘股相比，估值看起来很有吸引力，与小公司相比，估值看起来也很合理。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/750d414832524e7c7c6e718db9a1d110\" tg-width=\"1260\" tg-height=\"653\"><span>UNCREDITED</span></p><p><blockquote><p class=\"t-img-caption\"><span>未入账</span></p></blockquote></p><p> “We’ve been advising managers to move down market cap, given the tendency of low market cap to outperform within the Russell 1000&nbsp;coming out of recessions and over time,” said Calvasina.</p><p><blockquote>“卡尔瓦西纳说：”我们一直建议管理者降低市值，因为在经济衰退后，随着时间的推移，低市值往往会跑赢罗素 1000 指数。</blockquote></p><p> <b>The markets</b></p><p><blockquote><b>市场</b></blockquote></p><p> Stock futures&nbsp;are pointing to gains across the board, led by beaten-down techs,up 2%. European markets&nbsp;are rising. That is as pressure on bonds ease up, with the yield on the 10-year U.S. Treasury note&nbsp;down 7 basis points to 1.52%.</p><p><blockquote>在遭受重创的科技股的带领下，股票期货全面上涨，上涨 2%。欧洲市场正在上涨。与此同时，债券压力有所缓解，10年期美国国债收益率下降7个基点至1.52%。</blockquote></p><p> <b>The chart</b></p><p><blockquote><b>图表</b></blockquote></p><p> It was a bumpy ride on Tuesday for China’s CSI 3000,which lost 2.1%, evenamid a reportthat Chinese state funds were buying stocks.</p><p><blockquote>中国沪深 3000 指数周二跌宕起伏，下跌 2.1%，尽管有报道称中国主权财富基金正在买入股票。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2dd0668688161c84ab8c9e5a6d520a8\" tg-width=\"906\" tg-height=\"482\"></p><p><blockquote></blockquote></p><p> <b>The quote</b></p><p><blockquote><b>报价</b></blockquote></p><p> “I’m happy that the market is broadening out.” That was Cathie Wood, founder of the popular ARK Investment Management and exchange-traded funds like ARK Innovation,speaking in aBloomberg interviewlate on Monday. She says she’s finding opportunities in the recent tech selloff.</p><p><blockquote>“我很高兴市场正在扩大”。这是广受欢迎的 ARK Investment Management 和 ARK Innovation 等交易所交易基金的创始人凯西·伍德 (Cathie Wood) 周一晚间在接受彭博社采访时发表的讲话。她说，她在最近的科技抛售中发现了机会。</blockquote></p><p> <b>The buzz</b></p><p><blockquote><b>嗡嗡声</b></blockquote></p><p> One stock that several ARK ETFs are exposed to is electric-car maker Tesla.The tech selloff has erasedmore than a quarter of a trillion dollarsoff the electric-car maker’s market cap in just over a month. But shares are up about 5% in premarket.</p><p><blockquote>几只 ARK ETF 投资的一只股票是电动汽车制造商特斯拉。在短短一个多月的时间里，科技抛售已经让这家电动汽车制造商的市值蒸发了超过四分之一万亿美元。但盘前股价上涨约 5%。</blockquote></p><p> Small businesses are less anxious, but wrestling with an uneven recovery, the latest&nbsp;data compiled by the National Federation of Independent Business showed.</p><p><blockquote>全国独立企业联合会汇编的最新数据显示，小企业不那么焦虑，但正在努力应对不均衡的复苏。</blockquote></p><p> The COVID-19 vaccine from drug company Pfizer&nbsp;and its partner BioNTech&nbsp;neutralized a fast-spreading Brazilian variant of coronavirus,according to a new study.And Russia’s Sputnik V vaccine will soon beproduced in Europe.</p><p><blockquote>根据一项新的研究， 制药公司辉瑞及其合作伙伴 BioNTech 的 COVID-19 疫苗中和了一种快速传播的巴西冠状病毒变种。俄罗斯的“卫星-V”疫苗也将很快在欧洲生产。</blockquote></p><p></p><p> Shares of videogames retailer GameStop,the poster child of the retail frenzy from earlier this year, aresurging in premarketafter the company said it has createda new strategy committee&nbsp;to identify ways to accelerate its transformation. The Senate Banking Committee will hold a&nbsp;hearing on the GameStop saga on Tuesday.</p><p><blockquote>视频游戏零售商 GameStop 是今年早些时候零售狂潮的典型代表，该公司表示已成立新的战略委员会，以确定加速转型的方法，该公司的股价在盘前上涨。参议院银行委员会将于周二就游戏驿站事件举行听证会。</blockquote></p><p> Stitch Fix&nbsp;shares are tumbling, after the retailer’s sales numbersfell short of Wall Street hopes.</p><p><blockquote>Stitch Fix 的销售数据未达到华尔街的希望，该零售商的股价正在暴跌。</blockquote></p><p> Zoom&nbsp;founder Eric Yuan transferred $6 billion worth of his shares to unspecified beneficiaries last week,says a regulatory filing.</p><p><blockquote>一份监管文件称，Zoom 创始人袁埃里克上周将价值 60 亿美元的股份转让给了不明受益人。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/this-clear-signal-says-the-big-tech-unwind-isnt-done-yet-according-to-strategist-11615292077?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",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/this-clear-signal-says-the-big-tech-unwind-isnt-done-yet-according-to-strategist-11615292077?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1111423037","content_text":"Critical information for the U.S. trading day\nGet that Dow 32,000 beanie hat ready for Tuesday, as pressure in the bond market continues to ease and celebrating over a $1.9 trillion stimulus package carries on a bit. Futures are also pointing to a sharp rebound for technology stocks after the Nasdaq Composite fell into correction territory on Monday.\nOne valid question to ask right now is, how much more of a pullback for techs will we see? “Our work on positioning suggests that the big tech unwind may be at least halfway done, but isn’t finished,” said Lori Calvasina, RBC Capital’s head of U.S. equity strategy, in our call of the day.\nCalvasina based this on a tracking of weekly Nasdaq futures contracts, provided by the U.S. Commodity Futures Trading Commission. The data are used by some on Wall Street as a measure of sentiment of how hedge funds and institutional investors are positioning in the U.S. equity markets.\n“This indicator…returned to 2013-2014 peaks on a dollar value basis [left image] earlier this year, and to levels that have marked the peak several times since then in terms of the number of contracts owned [right image],” she said. “While U.S. equity futures positioning generally has been highlighting risk of a pullback in stocks in recent months, that signal has been the most clear in Nasdaq positioning.”\n\nAs of the last update (last Tuesday’s close), the decline in Nasdaq futures positioning was roughly halfway back to the lows of 2018 in terms of dollar value and contracts, she said.\nCalvasina also suggested investors keep an eye on valuations for the tech + internet + media + telecom (TIMT) space, based on where those levels were in the bubble of 2000.\n“Our work here also suggests that big tech underperformance hasn’t run its course,” she said, even with sharp falls seen early this year, the weighted median forward price/earnings measure of TIMT sits at 26.2 times, well above a long-term average of 18.3 times. It is also elevated on a forward price/earnings relative to the S&P 500.\nUNCREDITED\nAs for what investors should do now, Calvasina has been telling clients that small-caps look cheap versus large-caps, and financials, energy and material don’t look expensive yet.\nShe is also eyeing the midcap space for a few reasons. Firstly, the Russell Midcap and S&P 400 MidCap benchmark indexes are more exposed to cyclical sectors than TIMT, futures positioning on those smaller stocks isn’t looking stretched (see chart below) and valuations look attractive versus large-caps, and reasonable versus smaller companies, she argues.\nUNCREDITED\n“We’ve been advising managers to move down market cap, given the tendency of low market cap to outperform within the Russell 1000 coming out of recessions and over time,” said Calvasina.\nThe markets\nStock futures are pointing to gains across the board, led by beaten-down techs,up 2%. European markets are rising. That is as pressure on bonds ease up, with the yield on the 10-year U.S. Treasury note down 7 basis points to 1.52%.\nThe chart\nIt was a bumpy ride on Tuesday for China’s CSI 3000,which lost 2.1%, evenamid a reportthat Chinese state funds were buying stocks.\n\nThe quote\n“I’m happy that the market is broadening out.” That was Cathie Wood, founder of the popular ARK Investment Management and exchange-traded funds like ARK Innovation,speaking in aBloomberg interviewlate on Monday. She says she’s finding opportunities in the recent tech selloff.\nThe buzz\nOne stock that several ARK ETFs are exposed to is electric-car maker Tesla.The tech selloff has erasedmore than a quarter of a trillion dollarsoff the electric-car maker’s market cap in just over a month. But shares are up about 5% in premarket.\nSmall businesses are less anxious, but wrestling with an uneven recovery, the latest data compiled by the National Federation of Independent Business showed.\nThe COVID-19 vaccine from drug company Pfizer and its partner BioNTech neutralized a fast-spreading Brazilian variant of coronavirus,according to a new study.And Russia’s Sputnik V vaccine will soon beproduced in Europe.\nShares of videogames retailer GameStop,the poster child of the retail frenzy from earlier this year, aresurging in premarketafter the company said it has createda new strategy committee to identify ways to accelerate its transformation. The Senate Banking Committee will hold a hearing on the GameStop saga on Tuesday.\nStitch Fix shares are tumbling, after the retailer’s sales numbersfell short of Wall Street hopes.\nZoom founder Eric Yuan transferred $6 billion worth of his shares to unspecified beneficiaries last week,says a regulatory filing.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":777,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":851288507,"gmtCreate":1634910685666,"gmtModify":1634910685838,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570533791477514","authorIdStr":"3570533791477514"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[财迷]&nbsp;","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>[财迷]&nbsp;","text":"$Phunware, Inc.(PHUN)$[财迷]","images":[{"img":"https://static.tigerbbs.com/d8f997506c6055a7737afd5abb13279e","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851288507","isVote":1,"tweetType":1,"viewCount":3052,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":322477770,"gmtCreate":1615823900690,"gmtModify":1703493694573,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570533791477514","authorIdStr":"3570533791477514"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>[鬼脸]&nbsp;","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>[鬼脸]&nbsp;","text":"$Sundial Growers Inc.(SNDL)$[鬼脸]","images":[{"img":"https://static.tigerbbs.com/38a66a64c8233d5a42a04a08696a7b68","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322477770","isVote":1,"tweetType":1,"viewCount":3333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":324678213,"gmtCreate":1615991886932,"gmtModify":1703496104782,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570533791477514","authorIdStr":"3570533791477514"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>[黑眼圈]&nbsp;","listText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>[黑眼圈]&nbsp;","text":"$Taiwan Semiconductor Manufacturing(TSM)$[黑眼圈]","images":[{"img":"https://static.tigerbbs.com/040691d6e899fac6bcbe2279d2e28939","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/324678213","isVote":1,"tweetType":1,"viewCount":3842,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3450398809409245","authorId":"3450398809409245","name":"A胜天半子","avatar":"https://static.tigerbbs.com/7650a9e667bfb4b915410e236ed3b4d2","crmLevel":2,"crmLevelSwitch":0,"idStr":"3450398809409245","authorIdStr":"3450398809409245"},"content":"入了15手期权","text":"入了15手期权","html":"入了15手期权"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":326023583,"gmtCreate":1615565586642,"gmtModify":1703491106908,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570533791477514","authorIdStr":"3570533791477514"},"themes":[],"title":"","htmlText":"[贱笑]&nbsp;","listText":"[贱笑]&nbsp;","text":"[贱笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326023583","repostId":"1199156489","repostType":4,"repost":{"id":"1199156489","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615452861,"share":"https://www.laohunote.com/m/news/1199156489?lang=zh_CN&edition=full","pubTime":"2021-03-11 16:54","market":"us","language":"en","title":"US Daylight Saving Time<blockquote>美国夏令时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199156489","media":"Tiger Newspress","summary":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim","content":"<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02:00开始， 北美地区进入夏令时， 直到美国东部时间2021年11月7日02:00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>因此，从3月14日（星期一）开始，美国市场将在北美夏令时提前一小时开盘和收盘，即美国交易时间将改为北京时间21:30至凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天就能持续到晚上。大多数北美和欧洲都遵循这一习俗，而其他大多数国家则不遵循这一习俗。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。维持现状是当务之急。</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>US Daylight Saving Time<blockquote>美国夏令时</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\">\nUS Daylight Saving Time<blockquote>美国夏令时</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-11 16:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02:00开始， 北美地区进入夏令时， 直到美国东部时间2021年11月7日02:00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>因此，从3月14日（星期一）开始，美国市场将在北美夏令时提前一小时开盘和收盘，即美国交易时间将改为北京时间21:30至凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天就能持续到晚上。大多数北美和欧洲都遵循这一习俗，而其他大多数国家则不遵循这一习俗。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。维持现状是当务之急。</blockquote></p><p></p>\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156489","content_text":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.What is daylight saving time?The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":323045072,"gmtCreate":1615293525396,"gmtModify":1703486873704,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570533791477514","authorIdStr":"3570533791477514"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/323045072","repostId":"1123577039","repostType":4,"repost":{"id":"1123577039","kind":"news","pubTimestamp":1615290997,"share":"https://www.laohunote.com/m/news/1123577039?lang=zh_CN&edition=full","pubTime":"2021-03-09 19:56","market":"us","language":"en","title":"SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years<blockquote>SPAC先驱在等待近30年后收获回报</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123577039","media":"The Wall Street Journal","summary":"Blank-check companies have raised more than $70 billion this year; their co-creator once feared the ","content":"<p>Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it</p><p><blockquote>空白支票公司今年已筹集超过700亿美元；他们的联合创始人曾担心 SPAC 无法成功</blockquote></p><p> The flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.</p><p><blockquote>金融领域最耀眼的趋势可以追溯到三十年前的一对法学院老朋友。现在，他们终于兑现了。</blockquote></p><p> Investment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in&nbsp;finance,technology&nbsp;and&nbsp;entertainment. Messrs. Nussbaum and Miller have never been busier.</p><p><blockquote>投资银行家大卫-努斯鲍姆（David Nussbaum）和律师大卫-米勒（David Miller）--彼此都被称为 “努斯 ”和 “米勒 ”--于 1993 年发明了特殊目的收购公司，为私营公司提供了另一种接触普通投资者的方式。在他们职业生涯的大部分时间里， SPAC很少被使用， 也默默无闻， 但现在风靡一时——吸引了金融、科技和娱乐领域的大腕。努斯鲍姆先生和米勒先生从未如此忙碌过。</blockquote></p><p> “It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.</p><p><blockquote>“来自纽约州长岛罗斯林的 66 岁老人努斯鲍姆先生说：”我花了 27 年时间才一夜成名，他是专注于 SPAC 的投资银行 EarlyBirdCapital Inc. 的联合创始人。</blockquote></p><p> Also called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups&nbsp;to access individual investors&nbsp;and a cash cow for the&nbsp;wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.</p><p><blockquote>SPAC 也称为空白支票公司，是在证券交易所上市的空壳公司，其唯一目的是与私营公司合并上市。它们已经成为初创公司接触个人投资者的流行方式，也是创建它们的富人的摇钱树。SPAC创始人现在包括从对冲基金经理威廉·阿克曼到前棒球运动员亚历克斯·罗德里格斯的所有人。</blockquote></p><p> SPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.</p><p><blockquote>Dealogic 的数据显示，SPAC 今年已筹集了超过 700 亿美元，目前约占所有首次公开募股的 70%，高于两年前的 20%，在过去 20 年的大部分时间里，这一比例可以忽略不计。</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>SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years<blockquote>SPAC先驱在等待近30年后收获回报</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\">\nSPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years<blockquote>SPAC先驱在等待近30年后收获回报</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-03-09 19:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it</p><p><blockquote>空白支票公司今年已筹集超过700亿美元；他们的联合创始人曾担心 SPAC 无法成功</blockquote></p><p> The flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.</p><p><blockquote>金融领域最耀眼的趋势可以追溯到三十年前的一对法学院老朋友。现在，他们终于兑现了。</blockquote></p><p> Investment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in&nbsp;finance,technology&nbsp;and&nbsp;entertainment. Messrs. Nussbaum and Miller have never been busier.</p><p><blockquote>投资银行家大卫-努斯鲍姆（David Nussbaum）和律师大卫-米勒（David Miller）--彼此都被称为 “努斯 ”和 “米勒 ”--于 1993 年发明了特殊目的收购公司，为私营公司提供了另一种接触普通投资者的方式。在他们职业生涯的大部分时间里， SPAC很少被使用， 也默默无闻， 但现在风靡一时——吸引了金融、科技和娱乐领域的大腕。努斯鲍姆先生和米勒先生从未如此忙碌过。</blockquote></p><p> “It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.</p><p><blockquote>“来自纽约州长岛罗斯林的 66 岁老人努斯鲍姆先生说：”我花了 27 年时间才一夜成名，他是专注于 SPAC 的投资银行 EarlyBirdCapital Inc. 的联合创始人。</blockquote></p><p> Also called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups&nbsp;to access individual investors&nbsp;and a cash cow for the&nbsp;wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.</p><p><blockquote>SPAC 也称为空白支票公司，是在证券交易所上市的空壳公司，其唯一目的是与私营公司合并上市。它们已经成为初创公司接触个人投资者的流行方式，也是创建它们的富人的摇钱树。SPAC创始人现在包括从对冲基金经理威廉·阿克曼到前棒球运动员亚历克斯·罗德里格斯的所有人。</blockquote></p><p> SPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.</p><p><blockquote>Dealogic 的数据显示，SPAC 今年已筹集了超过 700 亿美元，目前约占所有首次公开募股的 70%，高于两年前的 20%，在过去 20 年的大部分时间里，这一比例可以忽略不计。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/they-created-the-spac-in-1993-now-theyre-reaping-the-rewards-11615285801?mod=hp_lead_pos4\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/they-created-the-spac-in-1993-now-theyre-reaping-the-rewards-11615285801?mod=hp_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123577039","content_text":"Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it\nThe flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.\nInvestment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in finance,technology and entertainment. Messrs. Nussbaum and Miller have never been busier.\n“It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.\nAlso called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups to access individual investors and a cash cow for the wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.\nSPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1073,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368420566,"gmtCreate":1614349194455,"gmtModify":1703476730719,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570533791477514","authorIdStr":"3570533791477514"},"themes":[],"title":"","htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368420566","repostId":"1117820997","repostType":4,"isVote":1,"tweetType":1,"viewCount":843,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":385752705,"gmtCreate":1613578027107,"gmtModify":1634553064613,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570533791477514","authorIdStr":"3570533791477514"},"themes":[],"title":"","htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a> [叹气]","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a> [叹气]","text":"$Tesla Motors(TSLA)$ [叹气]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/385752705","isVote":1,"tweetType":1,"viewCount":795,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":382327321,"gmtCreate":1613367867563,"gmtModify":1634553835324,"author":{"id":"3570533791477514","authorId":"3570533791477514","name":"leisco","avatar":"https://static.tigerbbs.com/d37dac18e15ab257020d714f590c3b6a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570533791477514","authorIdStr":"3570533791477514"},"themes":[],"title":"","htmlText":"Tscm huater","listText":"Tscm huater","text":"Tscm huater","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/382327321","isVote":1,"tweetType":1,"viewCount":390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}