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2021-06-28

Test 1 2 3

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2021-03-03

Past few weeks seems to show a similar pattern. On Monday high percentage gains early, but losing steam later. So might be good idea to capitalise on this pattern. Good luck everyone!

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2021-03-02

Still one of the better options

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2021-03-01

Good news for equities

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2021-02-25

Nio is my choice

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2021-02-24

Good news

The S&P 500 Has More Room to Rise: Credit Suisse<blockquote>瑞士信贷：标普500还有更大的上涨空间</blockquote>

2021-02-17

AAPL not looking good in the short term.

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2021-02-10

Good article with different viewpoints

Is Tesla’s $1.5 billion bitcoin buy smart corporate finance? Experts weigh in<blockquote>特斯拉斥资 15 亿美元收购比特币是明智的企业融资吗？专家权衡</blockquote>

2021-02-10

The standard but always very valid rules all traders should follow.

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2021-01-23

Watch this. Shipping is expected to recover on 2021.

BRIEF-DHT Holdings, Inc. Announces Acquisition Of Two Vlccs<blockquote>简介-DHT Holdings, Inc. 宣布收购两艘 VLCC</blockquote>

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1 2 3","listText":"Test 1 2 3","text":"Test 1 2 3","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127145490","repostId":"2146007118","repostType":4,"isVote":1,"tweetType":1,"viewCount":2843,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365826670,"gmtCreate":1614729036490,"gmtModify":1703480335977,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Past few weeks seems to show a similar pattern. On Monday high percentage gains early, but losing steam later. So might be good idea to capitalise on this pattern. Good luck everyone!","listText":"Past few weeks seems to show a similar pattern. On Monday high percentage gains early, but losing steam later. So might be good idea to capitalise on this pattern. Good luck everyone!","text":"Past few weeks seems to show a similar pattern. On Monday high percentage gains early, but losing steam later. So might be good idea to capitalise on this pattern. Good luck everyone!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365826670","repostId":"1117949321","repostType":4,"isVote":1,"tweetType":1,"viewCount":3569,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365010446,"gmtCreate":1614677943085,"gmtModify":1703479728248,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Still one of the better options","listText":"Still one of the better options","text":"Still one of the better options","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365010446","repostId":"1157805533","repostType":4,"isVote":1,"tweetType":1,"viewCount":3785,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362382552,"gmtCreate":1614597287676,"gmtModify":1703478639526,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Good news for equities","listText":"Good news for equities","text":"Good news for equities","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/362382552","repostId":"1135866043","repostType":4,"isVote":1,"tweetType":1,"viewCount":4088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361637150,"gmtCreate":1614227353770,"gmtModify":1634550599128,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Nio is my choice","listText":"Nio is my choice","text":"Nio is my choice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/361637150","repostId":"1144266648","repostType":4,"isVote":1,"tweetType":1,"viewCount":2214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363267500,"gmtCreate":1614143718300,"gmtModify":1634550996577,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363267500","repostId":"1111682954","repostType":4,"repost":{"id":"1111682954","kind":"news","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=zh_CN&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse<blockquote>瑞士信贷：标普500还有更大的上涨空间</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p><p><blockquote>最近盈利太好了，不容忽视，如果经济出现正确的发展，盈利可能会从目前的水平大幅增长。</blockquote></p><p> Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p><p><blockquote>瑞士信贷周二将标准普尔 500 指数 2021 年目标价从 4,200 美元上调至 4,300 美元。这意味着策略师预计，到今年年底，该指数将较当前水平上涨 11% 以上。相对于华尔街的普遍观点，这甚至不是一个激进的预测。FactSet 追踪的公司的平均看涨期权预计该指数将达到 4,400 美元。</blockquote></p><p> But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p><p><blockquote>但这种乐观情绪确实有其价值。“瑞士信贷（Credit Suisse）首席美国股票策略师乔纳森-戈卢布（Jonathan Golub）在一份报告中写道：”随着经济重新开放、刺激措施充足以及美联储政策超级宽松，2021 年的 GDP 预计将比过去 35 年来的任何时候都更热也就不足为奇了。</blockquote></p><p> He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p><p><blockquote>他认为，由于标普500公司第四季度的每股收益总额超过了分析师的预测 17%，而且绝大多数公司都已经公布了业绩，因此盈利预期必须上调。</blockquote></p><p> Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p><p><blockquote>更高的盈利预期通常会导致股票价格更高。Golub 将标普500每股收益的宏观预期从 2021 年的 175 美元上调至 185 美元，从 2022 年的 200 美元上调至 210 美元。</blockquote></p><p> At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p><p><blockquote>起初，投资者似乎并不在意公司将第四季度盈利预期降低。结果并不重要，理由是，如果 Covid-19 疫苗不能如期推出，或者不能充分抵御新毒株，当地经济就无法重新开放，收入也会暴跌。</blockquote></p><p> But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p><p><blockquote>但现在， 疫苗每天都能找到数百万件武器和数万亿美元的额外财政刺激，这将支持预期的需求。本季度的盈利预期低于几周前第四季度的预期结果，因此随着与 Covid-19 相关的限制解除，华尔街上调盈利预期也就不足为奇了。策略师目前平均预计标普500 2022 年每股收益为 198 美元。</blockquote></p><p> The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p><p><blockquote>下一个问题是标普500上平均股票的每股收益可能是多少倍。Golub 预计，到今年年底，该指数的交易价格将略高于 2022 年总收益的 20 倍。这比目前未来 12 个月盈利预期低约 22 倍。</blockquote></p><p> Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p><p><blockquote>人们普遍预计估值会下降，因为安全的美国国债收益率正在上升。更高的收益率使得投资股票的风险逐渐变得不那么有吸引力，从而减少了投资者愿意为未来每美元收益支付的金额。</blockquote></p><p> But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p><p><blockquote>但利率上升也反映了对经济和通胀预期的改善，这与更好的盈利是一致的，这可能会推动股价走高。</blockquote></p><p> None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p><p><blockquote>这些都不意味着没有风险。疫苗接种的任何重大挫折都将不利于盈利，而美联储过快、过高加息的决定将对经济和股票估值构成风险。</blockquote></p><p> Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p><p><blockquote>尽管如此，风险正在消退。随着股票在当前的抛售中面临压力，上涨的潜力可能会增加。</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>The S&P 500 Has More Room to Rise: Credit Suisse<blockquote>瑞士信贷：标普500还有更大的上涨空间</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 Has More Room to Rise: Credit Suisse<blockquote>瑞士信贷：标普500还有更大的上涨空间</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-02-24 13:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p><p><blockquote>最近盈利太好了，不容忽视，如果经济出现正确的发展，盈利可能会从目前的水平大幅增长。</blockquote></p><p> Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p><p><blockquote>瑞士信贷周二将标准普尔 500 指数 2021 年目标价从 4,200 美元上调至 4,300 美元。这意味着策略师预计，到今年年底，该指数将较当前水平上涨 11% 以上。相对于华尔街的普遍观点，这甚至不是一个激进的预测。FactSet 追踪的公司的平均看涨期权预计该指数将达到 4,400 美元。</blockquote></p><p> But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p><p><blockquote>但这种乐观情绪确实有其价值。“瑞士信贷（Credit Suisse）首席美国股票策略师乔纳森-戈卢布（Jonathan Golub）在一份报告中写道：”随着经济重新开放、刺激措施充足以及美联储政策超级宽松，2021 年的 GDP 预计将比过去 35 年来的任何时候都更热也就不足为奇了。</blockquote></p><p> He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p><p><blockquote>他认为，由于标普500公司第四季度的每股收益总额超过了分析师的预测 17%，而且绝大多数公司都已经公布了业绩，因此盈利预期必须上调。</blockquote></p><p> Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p><p><blockquote>更高的盈利预期通常会导致股票价格更高。Golub 将标普500每股收益的宏观预期从 2021 年的 175 美元上调至 185 美元，从 2022 年的 200 美元上调至 210 美元。</blockquote></p><p> At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p><p><blockquote>起初，投资者似乎并不在意公司将第四季度盈利预期降低。结果并不重要，理由是，如果 Covid-19 疫苗不能如期推出，或者不能充分抵御新毒株，当地经济就无法重新开放，收入也会暴跌。</blockquote></p><p> But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p><p><blockquote>但现在， 疫苗每天都能找到数百万件武器和数万亿美元的额外财政刺激，这将支持预期的需求。本季度的盈利预期低于几周前第四季度的预期结果，因此随着与 Covid-19 相关的限制解除，华尔街上调盈利预期也就不足为奇了。策略师目前平均预计标普500 2022 年每股收益为 198 美元。</blockquote></p><p> The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p><p><blockquote>下一个问题是标普500上平均股票的每股收益可能是多少倍。Golub 预计，到今年年底，该指数的交易价格将略高于 2022 年总收益的 20 倍。这比目前未来 12 个月盈利预期低约 22 倍。</blockquote></p><p> Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p><p><blockquote>人们普遍预计估值会下降，因为安全的美国国债收益率正在上升。更高的收益率使得投资股票的风险逐渐变得不那么有吸引力，从而减少了投资者愿意为未来每美元收益支付的金额。</blockquote></p><p> But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p><p><blockquote>但利率上升也反映了对经济和通胀预期的改善，这与更好的盈利是一致的，这可能会推动股价走高。</blockquote></p><p> None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p><p><blockquote>这些都不意味着没有风险。疫苗接种的任何重大挫折都将不利于盈利，而美联储过快、过高加息的决定将对经济和股票估值构成风险。</blockquote></p><p> Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p><p><blockquote>尽管如此，风险正在消退。随着股票在当前的抛售中面临压力，上涨的潜力可能会增加。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385606180,"gmtCreate":1613537635940,"gmtModify":1634553242458,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"AAPL not looking good in the short term.&nbsp;","listText":"AAPL not looking good in the short term.&nbsp;","text":"AAPL not looking good in the short term.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/385606180","repostId":"1174381857","repostType":4,"isVote":1,"tweetType":1,"viewCount":2992,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381045702,"gmtCreate":1612917217206,"gmtModify":1703766867394,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Good article with different viewpoints","listText":"Good article with different viewpoints","text":"Good article with different viewpoints","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/381045702","repostId":"1143370300","repostType":4,"repost":{"id":"1143370300","kind":"news","pubTimestamp":1612839933,"share":"https://www.laohu8.com/m/news/1143370300?lang=zh_CN&edition=full","pubTime":"2021-02-09 11:05","market":"us","language":"en","title":"Is Tesla’s $1.5 billion bitcoin buy smart corporate finance? Experts weigh in<blockquote>特斯拉斥资 15 亿美元收购比特币是明智的企业融资吗？专家权衡</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143370300","media":"MarketWatch","summary":"Tesla Inc. on Monday said that it bought $1.5 billion in bitcoin, a purchase that comes after CEO Elon Musk has promoted the world’s No. 1 digital asset,along with other cryptos, in recent weeks.Bitcoin’s price already on a stratospheric rise, garnered an additional fillip from the announcement, with a single bitcoin changing hands on Monday at $42,709, up over 9%. Prices touched a record peak near $45,000.But one of the key questions swirling around the decision by the manufacturer of electric ","content":"<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d612c15beca2f2d4d56a304cff74080\" tg-width=\"1260\" tg-height=\"876\"><span>MARKETWATCH PHOTO ILLUSTRATION/GETTY IMAGES|, ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>MARKETWATCH 照片插图/GETTY IMAGES|，ISTOCKPHOTO</span></p></blockquote></p><p> Tesla Inc. on Monday said that it bought $1.5 billion in bitcoin, a purchase that comes after CEO&nbsp;Elon Musk&nbsp;has promoted the world’s No. 1 digital asset,along with other cryptos, in recent weeks.</p><p><blockquote>特斯拉公司周一表示，该公司斥资 15 亿美元收购了比特币，此前首席执行官埃隆-马斯克（Elon Musk）最近几周一直在推广全球第一大数字资产以及其他加密货币。</blockquote></p><p> Bitcoin’s price&nbsp;already on a stratospheric rise, garnered an additional fillip from the announcement, with a single bitcoin changing hands on Monday at $42,709, up over 9%. Prices touched a record peak near $45,000.</p><p><blockquote>比特币的股价已经飙升，这一消息又给这一消息带来了额外的提振，周一单一比特币易手至 42709 美元，涨幅超过 9%。价格触及45,000美元附近的历史峰值。</blockquote></p><p> But one of the key questions swirling around the decision by the manufacturer of electric vehicles is whether the move, including the decision to eventually allow for the sale of its products to take place in bitcoins, is a prudent use of capital. It’s a question that’s particularly important given the wild swings that both shares of Tesla&nbsp;and bitcoin are prone to, even if those assets have both been on a nearly uninterrupted ride higher.</p><p><blockquote>但围绕这家电动汽车制造商这一决定的关键问题之一是，此举（包括最终允许以比特币销售其产品的决定）是否是对资本的谨慎使用。鉴于特斯拉和比特币的股价都容易出现剧烈波动，这个问题尤为重要，即使这两家公司的股价几乎都在不间断地上涨。</blockquote></p><p> “I think this is awful strategy on many, many levels,” Christopher Schwarz, associate professor of finance and faculty director of the Center for Investment and Wealth Management at the University of California at Irvine in emailed comments.</p><p><blockquote>“加州大学欧文分校金融学副教授兼投资与财富管理中心系主任克里斯托弗-施瓦茨（Christopher Schwarz）在电子邮件评论中说：”我认为这在很多很多层面上都是一个糟糕的策略。</blockquote></p><p> “In essence, this is like creating [currency] risk since none of Tesla’s suppliers are paid in bitcoin,” Schwarz told MarketWatch.</p><p><blockquote>“施瓦茨告诉 MarketWatch：”从本质上讲，这就像制造了（货币）风险，因为特斯拉的供应商都没有在比特币获得报酬。</blockquote></p><p> An email to the company for comment wasn’t immediately returned.</p><p><blockquote>向该公司发送的置评电子邮件没有立即得到回复。</blockquote></p><p> Musk’s moves come as Tesla focuses on ramping up its production of electric vehicles, with its share price soaring but the auto maker still a relatively niche player despite its market value of over $800 billion.</p><p><blockquote>马斯克此举正值特斯拉专注于提高电动汽车产量之际，其股价飙升，但尽管市值超过 8000 亿美元，这家汽车制造商仍然是一个相对小众的参与者。</blockquote></p><p> Shares of Tesla are up an eye-popping 472% over the past 12 months, making it one of the few traditional stocks that have outperformed bitcoin’s gain of 337% over the same stretch,</p><p><blockquote>特斯拉的股价在过去 12 个月中上涨了 472%，令人瞠目，是少数几只表现超过比特币同期 337% 涨幅的传统股票之一、</blockquote></p><p> The&nbsp;Wall Street Journal notedthat Tesla has taken advantage of its rabid investor base and its share price rally to bolster its cash position, bringing its cash holdings to around $19.4 billion at the end of last year, up from around $6.3 billion at the end of 2019.</p><p><blockquote>《华尔街日报》指出，特斯拉利用其狂热的投资者基础和股价上涨来增强其现金状况，使其现金持有量从2019年底的约63亿美元增加到去年年底的约194亿美元。</blockquote></p><p> That means that its current bitcoin allocation represents about 8% of its cash holdings.</p><p><blockquote>这意味着其目前的比特币配置约占其现金持有量的 8%。</blockquote></p><p> “Tesla’s purchase of bitcoin is an unusual use of corporate cash, which is typically held in safer and less volatile assets, such as short-term fixed income securities to ensure liquidity and limit volatility,” Jerry Klein, managing&nbsp;director and partner at Treasury Partners,&nbsp;based in New York, told MarketWatch via email.</p><p><blockquote>“总部位于纽约的 Treasury Partners 董事总经理兼合伙人杰里-克莱恩（Jerry Klein）通过电子邮件告诉 MarketWatch：”特斯拉收购比特币是对企业现金的一种不同寻常的使用，企业现金通常持有在更安全、波动性较小的资产中，如短期固定收益证券，以确保流动性并限制波动性。</blockquote></p><p> “While Tesla shareholders are reacting positively to the news, it remains to be seen how shareholders would react if a decline in bitcoin’s price negatively affects Tesla’s future earnings,” Klein said. “CFOs are willing to accept risk in their overall business, but not with the cash on their balance sheet. While bitcoin has been surging in recent months, it’s been very volatile over the past few years,” he said.</p><p><blockquote>“克莱因说：”虽然特斯拉股东对这一消息反应积极，但如果比特币股价下跌对特斯拉未来的盈利产生负面影响，股东会作何反应还有待观察。“首席财务官愿意接受整体业务中的风险，但不愿意接受资产负债表上的现金。虽然比特币在最近几个月一直在飙升，但在过去几年中却非常不稳定，”他说。</blockquote></p><p> To be sure, Tesla isn’t the first company, and isn’t likely to be the last, to apportion some share of holdings to bitcoin. Software company&nbsp;MicroStrategy Inc.&nbsp;last year&nbsp;acquired somce bitcoin and has been a champion of other corporations do so.</p><p><blockquote>可以肯定的是，特斯拉不是第一家，也不可能是最后一家向比特币分配部分股份的公司。软件公司MicroStrategy Inc.去年收购了somce比特币，并一直是其他公司这样做的拥护者。</blockquote></p><p> MicroStrategy, which recently hosted a virtual conference on the utility of bitcoin for corporations, estimates that roughly $50 billion worth of bitcoin is owned by private and publicly traded companies, citing data from&nbsp;BitcoinTreasuries.org.</p><p><blockquote>MicroStrategy 最近举办了一场关于比特币对企业的效用的虚拟会议，援引 BitcoinTreasuries.org 的数据估计，私营和上市公司拥有价值约 500 亿美元的比特币。</blockquote></p><p> MicroStrategy reported&nbsp;that about 8,200 people attended its weekend conference from nearly 7,000 companies.</p><p><blockquote>MicroStrategy 报告称，来自近 7,000 家公司的约 8,200 人参加了周末会议。</blockquote></p><p> Back to Tesla, Joe Osha, a Tesla analyst at JMP Securities told MarketWatch in a Monday afternoon phone interview that the electric-vehicle maker is often framed as having cash management troubles but believes that that is a bogus assesment.</p><p><blockquote>回到特斯拉，JMP Securities 特斯拉分析师乔·奥沙 (Joe Osha) 在周一下午的电话采访中告诉 MarketWatch，这家电动汽车制造商经常被认为存在现金管理问题，但他认为这是一个虚假的评估。</blockquote></p><p> “I think that there’s this very stale narrative around Tesla’s liquidity that is no longer consistent around its balance sheet or its cash flow generation,” Osha said.</p><p><blockquote>“Osha 说：”我认为，围绕特斯拉的流动性有一种非常陈旧的说法，这种说法在其资产负债表或现金流产生方面不再保持一致。</blockquote></p><p> He makes the case that the companies investment in bitcoin is trivial against the scale of its ability to generate cash, and aligns with the company’s strategy of being a disrupter.</p><p><blockquote>他认为，与公司产生现金的能力相比，两家公司在比特币的投资微不足道，这符合公司成为颠覆者的战略。</blockquote></p><p> “I see it as another step in Tesla’s effort to reinvent how cars are sold and delivered to people,” said Osha, who is referring to Tesla’s direct-to-customer sales model. Osha estimates that Tesla generated about $1.868 billion in free cash flow in the December quarter.</p><p><blockquote>“Osha 说：”我认为这是特斯拉努力重塑汽车销售和交付给人们的方式的又一步，他指的是特斯拉直接面向客户的销售模式。Osha 估计特斯拉在 12 月份季度产生了约 18.68 亿美元的自由现金流。</blockquote></p><p> Chester&nbsp;Spatt, professor at Carnegie Mellon University’s Tepper School of Business, told MarketWatch that bitcoin’s volatility makes it a tough asset to serve as a reserve asset for corporations or a medium of exchange.</p><p><blockquote>卡内基梅隆大学泰珀商学院教授 Chester Spatt 告诉 MarketWatch，比特币的波动性使其很难作为企业的储备资产或交易媒介。</blockquote></p><p></p><p> “You have volatility here that’s about 10 times that of the euro ,” the professor, who served as economist and director of the Securities and Exchange Commission’s Office of Economic Analysis from 2004-07 , said.</p><p><blockquote>“这位曾在 2004-07 年担任经济学家和美国证券交易委员会经济分析办公室主任的教授说：”这里的波动性大约是欧元的 10 倍。</blockquote></p><p> “That movement poses a lot of challenges for a corporation to hold [bitcoin] on their balance sheet but it also poses challenges from the point of the consumer,” he said.</p><p><blockquote>“他说：”这一举措给企业在资产负债表上保留[比特币]带来了许多挑战，但从消费者的角度来看，这也带来了挑战。</blockquote></p><p> Shares of Tesla closed up 1.3% on Monday.</p><p><blockquote>特斯拉股价周一收盘上涨 1.3%。</blockquote></p><p> Antoni Trenchev, co-founder and managing partner of&nbsp;Nexo, a crypto lender, said that it may make some sense for corporations to put some of their “dry powder” in bitcoin, especially with interest rates near 0% and the U.S. dollar under pressure, as measured by the ICE U.S. Dollar Index,which is down nearly 8% over the past year, FactSet data show.</p><p><blockquote>加密货币贷款机构 Nexo 的联合创始人兼管理合伙人安东尼-特伦切夫（Antoni Trenchev）表示，企业将一些 “干粉 ”投入比特币可能是有道理的，尤其是在利率接近 0%、美元承压的情况下，FactSet 数据显示，ICE 美元指数在过去一年中下跌了近 8%。</blockquote></p><p> “Corporations with ever increasing dry powder have a most obvious cash management option: partial BTC allocation,” Trenchev told MarketWatch.</p><p><blockquote>“特伦切夫告诉 MarketWatch：”干粉不断增加的公司有一个最明显的现金管理选择：部分比特币分配。</blockquote></p><p> “Sitting on piles of cash offers little to no return and gets constantly devalued by central banks’ excessive QE measures. Having a treasury policy that diversifies risk and return, as well as looking into ‘the fastest horse’, is not only a sound policy, but is also the one that most adheres to the key principle of maximizing shareholder value,” he said.</p><p><blockquote>“坐拥成堆的现金几乎没有回报，而且会因为央行过度的量化宽松措施而不断贬值。制定风险和回报分散的财政政策，以及关注'最快的马'，不仅是一项合理的政策，也是最坚持股东价值最大化这一关键原则的政策，”他说。</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>Is Tesla’s $1.5 billion bitcoin buy smart corporate finance? Experts weigh in<blockquote>特斯拉斥资 15 亿美元收购比特币是明智的企业融资吗？专家权衡</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\">\nIs Tesla’s $1.5 billion bitcoin buy smart corporate finance? Experts weigh in<blockquote>特斯拉斥资 15 亿美元收购比特币是明智的企业融资吗？专家权衡</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-02-09 11:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d612c15beca2f2d4d56a304cff74080\" tg-width=\"1260\" tg-height=\"876\"><span>MARKETWATCH PHOTO ILLUSTRATION/GETTY IMAGES|, ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>MARKETWATCH 照片插图/GETTY IMAGES|，ISTOCKPHOTO</span></p></blockquote></p><p> Tesla Inc. on Monday said that it bought $1.5 billion in bitcoin, a purchase that comes after CEO&nbsp;Elon Musk&nbsp;has promoted the world’s No. 1 digital asset,along with other cryptos, in recent weeks.</p><p><blockquote>特斯拉公司周一表示，该公司斥资 15 亿美元收购了比特币，此前首席执行官埃隆-马斯克（Elon Musk）最近几周一直在推广全球第一大数字资产以及其他加密货币。</blockquote></p><p> Bitcoin’s price&nbsp;already on a stratospheric rise, garnered an additional fillip from the announcement, with a single bitcoin changing hands on Monday at $42,709, up over 9%. Prices touched a record peak near $45,000.</p><p><blockquote>比特币的股价已经飙升，这一消息又给这一消息带来了额外的提振，周一单一比特币易手至 42709 美元，涨幅超过 9%。价格触及45,000美元附近的历史峰值。</blockquote></p><p> But one of the key questions swirling around the decision by the manufacturer of electric vehicles is whether the move, including the decision to eventually allow for the sale of its products to take place in bitcoins, is a prudent use of capital. It’s a question that’s particularly important given the wild swings that both shares of Tesla&nbsp;and bitcoin are prone to, even if those assets have both been on a nearly uninterrupted ride higher.</p><p><blockquote>但围绕这家电动汽车制造商这一决定的关键问题之一是，此举（包括最终允许以比特币销售其产品的决定）是否是对资本的谨慎使用。鉴于特斯拉和比特币的股价都容易出现剧烈波动，这个问题尤为重要，即使这两家公司的股价几乎都在不间断地上涨。</blockquote></p><p> “I think this is awful strategy on many, many levels,” Christopher Schwarz, associate professor of finance and faculty director of the Center for Investment and Wealth Management at the University of California at Irvine in emailed comments.</p><p><blockquote>“加州大学欧文分校金融学副教授兼投资与财富管理中心系主任克里斯托弗-施瓦茨（Christopher Schwarz）在电子邮件评论中说：”我认为这在很多很多层面上都是一个糟糕的策略。</blockquote></p><p> “In essence, this is like creating [currency] risk since none of Tesla’s suppliers are paid in bitcoin,” Schwarz told MarketWatch.</p><p><blockquote>“施瓦茨告诉 MarketWatch：”从本质上讲，这就像制造了（货币）风险，因为特斯拉的供应商都没有在比特币获得报酬。</blockquote></p><p> An email to the company for comment wasn’t immediately returned.</p><p><blockquote>向该公司发送的置评电子邮件没有立即得到回复。</blockquote></p><p> Musk’s moves come as Tesla focuses on ramping up its production of electric vehicles, with its share price soaring but the auto maker still a relatively niche player despite its market value of over $800 billion.</p><p><blockquote>马斯克此举正值特斯拉专注于提高电动汽车产量之际，其股价飙升，但尽管市值超过 8000 亿美元，这家汽车制造商仍然是一个相对小众的参与者。</blockquote></p><p> Shares of Tesla are up an eye-popping 472% over the past 12 months, making it one of the few traditional stocks that have outperformed bitcoin’s gain of 337% over the same stretch,</p><p><blockquote>特斯拉的股价在过去 12 个月中上涨了 472%，令人瞠目，是少数几只表现超过比特币同期 337% 涨幅的传统股票之一、</blockquote></p><p> The&nbsp;Wall Street Journal notedthat Tesla has taken advantage of its rabid investor base and its share price rally to bolster its cash position, bringing its cash holdings to around $19.4 billion at the end of last year, up from around $6.3 billion at the end of 2019.</p><p><blockquote>《华尔街日报》指出，特斯拉利用其狂热的投资者基础和股价上涨来增强其现金状况，使其现金持有量从2019年底的约63亿美元增加到去年年底的约194亿美元。</blockquote></p><p> That means that its current bitcoin allocation represents about 8% of its cash holdings.</p><p><blockquote>这意味着其目前的比特币配置约占其现金持有量的 8%。</blockquote></p><p> “Tesla’s purchase of bitcoin is an unusual use of corporate cash, which is typically held in safer and less volatile assets, such as short-term fixed income securities to ensure liquidity and limit volatility,” Jerry Klein, managing&nbsp;director and partner at Treasury Partners,&nbsp;based in New York, told MarketWatch via email.</p><p><blockquote>“总部位于纽约的 Treasury Partners 董事总经理兼合伙人杰里-克莱恩（Jerry Klein）通过电子邮件告诉 MarketWatch：”特斯拉收购比特币是对企业现金的一种不同寻常的使用，企业现金通常持有在更安全、波动性较小的资产中，如短期固定收益证券，以确保流动性并限制波动性。</blockquote></p><p> “While Tesla shareholders are reacting positively to the news, it remains to be seen how shareholders would react if a decline in bitcoin’s price negatively affects Tesla’s future earnings,” Klein said. “CFOs are willing to accept risk in their overall business, but not with the cash on their balance sheet. While bitcoin has been surging in recent months, it’s been very volatile over the past few years,” he said.</p><p><blockquote>“克莱因说：”虽然特斯拉股东对这一消息反应积极，但如果比特币股价下跌对特斯拉未来的盈利产生负面影响，股东会作何反应还有待观察。“首席财务官愿意接受整体业务中的风险，但不愿意接受资产负债表上的现金。虽然比特币在最近几个月一直在飙升，但在过去几年中却非常不稳定，”他说。</blockquote></p><p> To be sure, Tesla isn’t the first company, and isn’t likely to be the last, to apportion some share of holdings to bitcoin. Software company&nbsp;MicroStrategy Inc.&nbsp;last year&nbsp;acquired somce bitcoin and has been a champion of other corporations do so.</p><p><blockquote>可以肯定的是，特斯拉不是第一家，也不可能是最后一家向比特币分配部分股份的公司。软件公司MicroStrategy Inc.去年收购了somce比特币，并一直是其他公司这样做的拥护者。</blockquote></p><p> MicroStrategy, which recently hosted a virtual conference on the utility of bitcoin for corporations, estimates that roughly $50 billion worth of bitcoin is owned by private and publicly traded companies, citing data from&nbsp;BitcoinTreasuries.org.</p><p><blockquote>MicroStrategy 最近举办了一场关于比特币对企业的效用的虚拟会议，援引 BitcoinTreasuries.org 的数据估计，私营和上市公司拥有价值约 500 亿美元的比特币。</blockquote></p><p> MicroStrategy reported&nbsp;that about 8,200 people attended its weekend conference from nearly 7,000 companies.</p><p><blockquote>MicroStrategy 报告称，来自近 7,000 家公司的约 8,200 人参加了周末会议。</blockquote></p><p> Back to Tesla, Joe Osha, a Tesla analyst at JMP Securities told MarketWatch in a Monday afternoon phone interview that the electric-vehicle maker is often framed as having cash management troubles but believes that that is a bogus assesment.</p><p><blockquote>回到特斯拉，JMP Securities 特斯拉分析师乔·奥沙 (Joe Osha) 在周一下午的电话采访中告诉 MarketWatch，这家电动汽车制造商经常被认为存在现金管理问题，但他认为这是一个虚假的评估。</blockquote></p><p> “I think that there’s this very stale narrative around Tesla’s liquidity that is no longer consistent around its balance sheet or its cash flow generation,” Osha said.</p><p><blockquote>“Osha 说：”我认为，围绕特斯拉的流动性有一种非常陈旧的说法，这种说法在其资产负债表或现金流产生方面不再保持一致。</blockquote></p><p> He makes the case that the companies investment in bitcoin is trivial against the scale of its ability to generate cash, and aligns with the company’s strategy of being a disrupter.</p><p><blockquote>他认为，与公司产生现金的能力相比，两家公司在比特币的投资微不足道，这符合公司成为颠覆者的战略。</blockquote></p><p> “I see it as another step in Tesla’s effort to reinvent how cars are sold and delivered to people,” said Osha, who is referring to Tesla’s direct-to-customer sales model. Osha estimates that Tesla generated about $1.868 billion in free cash flow in the December quarter.</p><p><blockquote>“Osha 说：”我认为这是特斯拉努力重塑汽车销售和交付给人们的方式的又一步，他指的是特斯拉直接面向客户的销售模式。Osha 估计特斯拉在 12 月份季度产生了约 18.68 亿美元的自由现金流。</blockquote></p><p> Chester&nbsp;Spatt, professor at Carnegie Mellon University’s Tepper School of Business, told MarketWatch that bitcoin’s volatility makes it a tough asset to serve as a reserve asset for corporations or a medium of exchange.</p><p><blockquote>卡内基梅隆大学泰珀商学院教授 Chester Spatt 告诉 MarketWatch，比特币的波动性使其很难作为企业的储备资产或交易媒介。</blockquote></p><p></p><p> “You have volatility here that’s about 10 times that of the euro ,” the professor, who served as economist and director of the Securities and Exchange Commission’s Office of Economic Analysis from 2004-07 , said.</p><p><blockquote>“这位曾在 2004-07 年担任经济学家和美国证券交易委员会经济分析办公室主任的教授说：”这里的波动性大约是欧元的 10 倍。</blockquote></p><p> “That movement poses a lot of challenges for a corporation to hold [bitcoin] on their balance sheet but it also poses challenges from the point of the consumer,” he said.</p><p><blockquote>“他说：”这一举措给企业在资产负债表上保留[比特币]带来了许多挑战，但从消费者的角度来看，这也带来了挑战。</blockquote></p><p> Shares of Tesla closed up 1.3% on Monday.</p><p><blockquote>特斯拉股价周一收盘上涨 1.3%。</blockquote></p><p> Antoni Trenchev, co-founder and managing partner of&nbsp;Nexo, a crypto lender, said that it may make some sense for corporations to put some of their “dry powder” in bitcoin, especially with interest rates near 0% and the U.S. dollar under pressure, as measured by the ICE U.S. Dollar Index,which is down nearly 8% over the past year, FactSet data show.</p><p><blockquote>加密货币贷款机构 Nexo 的联合创始人兼管理合伙人安东尼-特伦切夫（Antoni Trenchev）表示，企业将一些 “干粉 ”投入比特币可能是有道理的，尤其是在利率接近 0%、美元承压的情况下，FactSet 数据显示，ICE 美元指数在过去一年中下跌了近 8%。</blockquote></p><p> “Corporations with ever increasing dry powder have a most obvious cash management option: partial BTC allocation,” Trenchev told MarketWatch.</p><p><blockquote>“特伦切夫告诉 MarketWatch：”干粉不断增加的公司有一个最明显的现金管理选择：部分比特币分配。</blockquote></p><p> “Sitting on piles of cash offers little to no return and gets constantly devalued by central banks’ excessive QE measures. Having a treasury policy that diversifies risk and return, as well as looking into ‘the fastest horse’, is not only a sound policy, but is also the one that most adheres to the key principle of maximizing shareholder value,” he said.</p><p><blockquote>“坐拥成堆的现金几乎没有回报，而且会因为央行过度的量化宽松措施而不断贬值。制定风险和回报分散的财政政策，以及关注'最快的马'，不仅是一项合理的政策，也是最坚持股东价值最大化这一关键原则的政策，”他说。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/is-teslas-1-5-billion-bitcoin-buy-smart-corporate-finance-experts-weigh-in-11612817269?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":{"TSLA":"特斯拉","GBTC":"比特币ETF-Grayscale"},"source_url":"https://www.marketwatch.com/story/is-teslas-1-5-billion-bitcoin-buy-smart-corporate-finance-experts-weigh-in-11612817269?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1143370300","content_text":"MARKETWATCH PHOTO ILLUSTRATION/GETTY IMAGES|, ISTOCKPHOTO\nTesla Inc. on Monday said that it bought $1.5 billion in bitcoin, a purchase that comes after CEO Elon Musk has promoted the world’s No. 1 digital asset,along with other cryptos, in recent weeks.\nBitcoin’s price already on a stratospheric rise, garnered an additional fillip from the announcement, with a single bitcoin changing hands on Monday at $42,709, up over 9%. Prices touched a record peak near $45,000.\nBut one of the key questions swirling around the decision by the manufacturer of electric vehicles is whether the move, including the decision to eventually allow for the sale of its products to take place in bitcoins, is a prudent use of capital. It’s a question that’s particularly important given the wild swings that both shares of Tesla and bitcoin are prone to, even if those assets have both been on a nearly uninterrupted ride higher.\n“I think this is awful strategy on many, many levels,” Christopher Schwarz, associate professor of finance and faculty director of the Center for Investment and Wealth Management at the University of California at Irvine in emailed comments.\n“In essence, this is like creating [currency] risk since none of Tesla’s suppliers are paid in bitcoin,” Schwarz told MarketWatch.\nAn email to the company for comment wasn’t immediately returned.\nMusk’s moves come as Tesla focuses on ramping up its production of electric vehicles, with its share price soaring but the auto maker still a relatively niche player despite its market value of over $800 billion.\nShares of Tesla are up an eye-popping 472% over the past 12 months, making it one of the few traditional stocks that have outperformed bitcoin’s gain of 337% over the same stretch,\nThe Wall Street Journal notedthat Tesla has taken advantage of its rabid investor base and its share price rally to bolster its cash position, bringing its cash holdings to around $19.4 billion at the end of last year, up from around $6.3 billion at the end of 2019.\nThat means that its current bitcoin allocation represents about 8% of its cash holdings.\n“Tesla’s purchase of bitcoin is an unusual use of corporate cash, which is typically held in safer and less volatile assets, such as short-term fixed income securities to ensure liquidity and limit volatility,” Jerry Klein, managing director and partner at Treasury Partners, based in New York, told MarketWatch via email.\n“While Tesla shareholders are reacting positively to the news, it remains to be seen how shareholders would react if a decline in bitcoin’s price negatively affects Tesla’s future earnings,” Klein said. “CFOs are willing to accept risk in their overall business, but not with the cash on their balance sheet. While bitcoin has been surging in recent months, it’s been very volatile over the past few years,” he said.\nTo be sure, Tesla isn’t the first company, and isn’t likely to be the last, to apportion some share of holdings to bitcoin. Software company MicroStrategy Inc. last year acquired somce bitcoin and has been a champion of other corporations do so.\nMicroStrategy, which recently hosted a virtual conference on the utility of bitcoin for corporations, estimates that roughly $50 billion worth of bitcoin is owned by private and publicly traded companies, citing data from BitcoinTreasuries.org.\nMicroStrategy reported that about 8,200 people attended its weekend conference from nearly 7,000 companies.\nBack to Tesla, Joe Osha, a Tesla analyst at JMP Securities told MarketWatch in a Monday afternoon phone interview that the electric-vehicle maker is often framed as having cash management troubles but believes that that is a bogus assesment.\n“I think that there’s this very stale narrative around Tesla’s liquidity that is no longer consistent around its balance sheet or its cash flow generation,” Osha said.\nHe makes the case that the companies investment in bitcoin is trivial against the scale of its ability to generate cash, and aligns with the company’s strategy of being a disrupter.\n“I see it as another step in Tesla’s effort to reinvent how cars are sold and delivered to people,” said Osha, who is referring to Tesla’s direct-to-customer sales model. Osha estimates that Tesla generated about $1.868 billion in free cash flow in the December quarter.\nChester Spatt, professor at Carnegie Mellon University’s Tepper School of Business, told MarketWatch that bitcoin’s volatility makes it a tough asset to serve as a reserve asset for corporations or a medium of exchange.\n“You have volatility here that’s about 10 times that of the euro ,” the professor, who served as economist and director of the Securities and Exchange Commission’s Office of Economic Analysis from 2004-07 , said.\n“That movement poses a lot of challenges for a corporation to hold [bitcoin] on their balance sheet but it also poses challenges from the point of the consumer,” he said.\nShares of Tesla closed up 1.3% on Monday.\nAntoni Trenchev, co-founder and managing partner of Nexo, a crypto lender, said that it may make some sense for corporations to put some of their “dry powder” in bitcoin, especially with interest rates near 0% and the U.S. dollar under pressure, as measured by the ICE U.S. Dollar Index,which is down nearly 8% over the past year, FactSet data show.\n“Corporations with ever increasing dry powder have a most obvious cash management option: partial BTC allocation,” Trenchev told MarketWatch.\n“Sitting on piles of cash offers little to no return and gets constantly devalued by central banks’ excessive QE measures. Having a treasury policy that diversifies risk and return, as well as looking into ‘the fastest horse’, is not only a sound policy, but is also the one that most adheres to the key principle of maximizing shareholder value,” he said.","news_type":1,"symbols_score_info":{"XBTmain":0.9,"BTCmain":0.9,"TSLA":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":2278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381042005,"gmtCreate":1612917067307,"gmtModify":1703766864810,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"The standard but always very valid rules all traders should follow.&nbsp;","listText":"The standard but always very valid rules all traders should follow.&nbsp;","text":"The standard but always very valid rules all traders should follow.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/381042005","repostId":"1149038980","repostType":4,"isVote":1,"tweetType":1,"viewCount":3408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310480210,"gmtCreate":1611349280330,"gmtModify":1703750135983,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Watch this. Shipping is expected to recover on 2021.","listText":"Watch this. Shipping is expected to recover on 2021.","text":"Watch this. Shipping is expected to recover on 2021.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/310480210","repostId":"2105432206","repostType":2,"repost":{"id":"2105432206","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1611229165,"share":"https://www.laohu8.com/m/news/2105432206?lang=zh_CN&edition=full","pubTime":"2021-01-21 19:39","market":"us","language":"en","title":"BRIEF-DHT Holdings, Inc. Announces Acquisition Of Two Vlccs<blockquote>简介-DHT Holdings, Inc. 宣布收购两艘 VLCC</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2105432206","media":"Reuters","summary":"Jan 21 (Reuters) - DHT Holdings Inc   :   * DHT HOLDINGS, INC. ANNOUNCES ACQUISITION OF TWO VLCCS   ","content":"<p><html><body>Jan 21 (Reuters) - DHT Holdings Inc   :</p><p><blockquote><html><body>1 月 21 日（路透社） - DHT Holdings Inc：</body></html></blockquote></p><p>   * DHT HOLDINGS, INC. ANNOUNCES ACQUISITION OF TWO VLCCS</p><p><blockquote>* DHT控股公司。宣布收购两艘 VLCC</blockquote></p><p>   * DHT HOLDINGS INC - ENTERED INTO AGREEMENT TO ACQUIRE TWO VLCCS BUILT IN 2016 AT DSME (DAEWOO) FOR A TOTAL OF $136 MILLION</p><p><blockquote>* DHT HOLDINGS INC - 签订协议，以总计 1.36 亿美元收购 DSME（大宇）于 2016 年建造的两艘 VLCC</blockquote></p><p>   * DHT HOLDINGS INC - CO WILL FINANCE ACQUISITION WITH AVAILABLE LIQUIDITY AND PROJECTED MORTGAGE DEBT</p><p><blockquote>* DHT HOLDINGS INC - CO 将以可用流动资金和预计抵押债务为收购提供资金</blockquote></p><p>   * DHT HOLDINGS INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO DHT'S EARNINGS PER SHARE</p><p><blockquote>* DHT HOLDINGS INC - 收购预期可增加DHT的每股盈利</blockquote></p><p>Source text for Eikon:    Further company coverage:   </p><p><blockquote>Eikon 的源文本：进一步的公司报道：</blockquote></p><p> ((Reuters.Briefs@thomsonreuters.com;))</p><p><blockquote>((Reuters.Briefs@thomsonreuters.com;))</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-DHT Holdings, Inc. Announces Acquisition Of Two Vlccs<blockquote>简介-DHT Holdings, Inc. 宣布收购两艘 VLCC</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\">\nBRIEF-DHT Holdings, Inc. Announces Acquisition Of Two Vlccs<blockquote>简介-DHT Holdings, Inc. 宣布收购两艘 VLCC</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2021-01-21 19:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><body>Jan 21 (Reuters) - DHT Holdings Inc   :</p><p><blockquote><html><body>1 月 21 日（路透社） - DHT Holdings Inc：</body></html></blockquote></p><p>   * DHT HOLDINGS, INC. ANNOUNCES ACQUISITION OF TWO VLCCS</p><p><blockquote>* DHT控股公司。宣布收购两艘 VLCC</blockquote></p><p>   * DHT HOLDINGS INC - ENTERED INTO AGREEMENT TO ACQUIRE TWO VLCCS BUILT IN 2016 AT DSME (DAEWOO) FOR A TOTAL OF $136 MILLION</p><p><blockquote>* DHT HOLDINGS INC - 签订协议，以总计 1.36 亿美元收购 DSME（大宇）于 2016 年建造的两艘 VLCC</blockquote></p><p>   * DHT HOLDINGS INC - CO WILL FINANCE ACQUISITION WITH AVAILABLE LIQUIDITY AND PROJECTED MORTGAGE DEBT</p><p><blockquote>* DHT HOLDINGS INC - CO 将以可用流动资金和预计抵押债务为收购提供资金</blockquote></p><p>   * DHT HOLDINGS INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO DHT'S EARNINGS PER SHARE</p><p><blockquote>* DHT HOLDINGS INC - 收购预期可增加DHT的每股盈利</blockquote></p><p>Source text for Eikon:    Further company coverage:   </p><p><blockquote>Eikon 的源文本：进一步的公司报道：</blockquote></p><p> ((Reuters.Briefs@thomsonreuters.com;))</p><p><blockquote>((Reuters.Briefs@thomsonreuters.com;))</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DHT":"DHT控股"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2105432206","content_text":"Jan 21 (Reuters) - DHT Holdings Inc   :   * DHT HOLDINGS, INC. ANNOUNCES ACQUISITION OF TWO VLCCS   * DHT HOLDINGS INC - ENTERED INTO AGREEMENT TO ACQUIRE TWO VLCCS BUILT IN 2016 AT DSME (DAEWOO) FOR A TOTAL OF $136 MILLION   * DHT HOLDINGS INC - CO WILL FINANCE ACQUISITION WITH AVAILABLE LIQUIDITY AND PROJECTED MORTGAGE DEBT   * DHT HOLDINGS INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO DHT'S EARNINGS PER SHARESource text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","news_type":1,"symbols_score_info":{"DHT":0.9}},"isVote":1,"tweetType":1,"viewCount":2189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":127145490,"gmtCreate":1624841335510,"gmtModify":1633948185657,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Test 1 2 3","listText":"Test 1 2 3","text":"Test 1 2 3","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127145490","repostId":"2146007118","repostType":4,"isVote":1,"tweetType":1,"viewCount":2843,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381045702,"gmtCreate":1612917217206,"gmtModify":1703766867394,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Good article with different viewpoints","listText":"Good article with different viewpoints","text":"Good article with different viewpoints","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/381045702","repostId":"1143370300","repostType":4,"repost":{"id":"1143370300","kind":"news","pubTimestamp":1612839933,"share":"https://www.laohu8.com/m/news/1143370300?lang=zh_CN&edition=full","pubTime":"2021-02-09 11:05","market":"us","language":"en","title":"Is Tesla’s $1.5 billion bitcoin buy smart corporate finance? Experts weigh in<blockquote>特斯拉斥资 15 亿美元收购比特币是明智的企业融资吗？专家权衡</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143370300","media":"MarketWatch","summary":"Tesla Inc. on Monday said that it bought $1.5 billion in bitcoin, a purchase that comes after CEO Elon Musk has promoted the world’s No. 1 digital asset,along with other cryptos, in recent weeks.Bitcoin’s price already on a stratospheric rise, garnered an additional fillip from the announcement, with a single bitcoin changing hands on Monday at $42,709, up over 9%. Prices touched a record peak near $45,000.But one of the key questions swirling around the decision by the manufacturer of electric ","content":"<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d612c15beca2f2d4d56a304cff74080\" tg-width=\"1260\" tg-height=\"876\"><span>MARKETWATCH PHOTO ILLUSTRATION/GETTY IMAGES|, ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>MARKETWATCH 照片插图/GETTY IMAGES|，ISTOCKPHOTO</span></p></blockquote></p><p> Tesla Inc. on Monday said that it bought $1.5 billion in bitcoin, a purchase that comes after CEO&nbsp;Elon Musk&nbsp;has promoted the world’s No. 1 digital asset,along with other cryptos, in recent weeks.</p><p><blockquote>特斯拉公司周一表示，该公司斥资 15 亿美元收购了比特币，此前首席执行官埃隆-马斯克（Elon Musk）最近几周一直在推广全球第一大数字资产以及其他加密货币。</blockquote></p><p> Bitcoin’s price&nbsp;already on a stratospheric rise, garnered an additional fillip from the announcement, with a single bitcoin changing hands on Monday at $42,709, up over 9%. Prices touched a record peak near $45,000.</p><p><blockquote>比特币的股价已经飙升，这一消息又给这一消息带来了额外的提振，周一单一比特币易手至 42709 美元，涨幅超过 9%。价格触及45,000美元附近的历史峰值。</blockquote></p><p> But one of the key questions swirling around the decision by the manufacturer of electric vehicles is whether the move, including the decision to eventually allow for the sale of its products to take place in bitcoins, is a prudent use of capital. It’s a question that’s particularly important given the wild swings that both shares of Tesla&nbsp;and bitcoin are prone to, even if those assets have both been on a nearly uninterrupted ride higher.</p><p><blockquote>但围绕这家电动汽车制造商这一决定的关键问题之一是，此举（包括最终允许以比特币销售其产品的决定）是否是对资本的谨慎使用。鉴于特斯拉和比特币的股价都容易出现剧烈波动，这个问题尤为重要，即使这两家公司的股价几乎都在不间断地上涨。</blockquote></p><p> “I think this is awful strategy on many, many levels,” Christopher Schwarz, associate professor of finance and faculty director of the Center for Investment and Wealth Management at the University of California at Irvine in emailed comments.</p><p><blockquote>“加州大学欧文分校金融学副教授兼投资与财富管理中心系主任克里斯托弗-施瓦茨（Christopher Schwarz）在电子邮件评论中说：”我认为这在很多很多层面上都是一个糟糕的策略。</blockquote></p><p> “In essence, this is like creating [currency] risk since none of Tesla’s suppliers are paid in bitcoin,” Schwarz told MarketWatch.</p><p><blockquote>“施瓦茨告诉 MarketWatch：”从本质上讲，这就像制造了（货币）风险，因为特斯拉的供应商都没有在比特币获得报酬。</blockquote></p><p> An email to the company for comment wasn’t immediately returned.</p><p><blockquote>向该公司发送的置评电子邮件没有立即得到回复。</blockquote></p><p> Musk’s moves come as Tesla focuses on ramping up its production of electric vehicles, with its share price soaring but the auto maker still a relatively niche player despite its market value of over $800 billion.</p><p><blockquote>马斯克此举正值特斯拉专注于提高电动汽车产量之际，其股价飙升，但尽管市值超过 8000 亿美元，这家汽车制造商仍然是一个相对小众的参与者。</blockquote></p><p> Shares of Tesla are up an eye-popping 472% over the past 12 months, making it one of the few traditional stocks that have outperformed bitcoin’s gain of 337% over the same stretch,</p><p><blockquote>特斯拉的股价在过去 12 个月中上涨了 472%，令人瞠目，是少数几只表现超过比特币同期 337% 涨幅的传统股票之一、</blockquote></p><p> The&nbsp;Wall Street Journal notedthat Tesla has taken advantage of its rabid investor base and its share price rally to bolster its cash position, bringing its cash holdings to around $19.4 billion at the end of last year, up from around $6.3 billion at the end of 2019.</p><p><blockquote>《华尔街日报》指出，特斯拉利用其狂热的投资者基础和股价上涨来增强其现金状况，使其现金持有量从2019年底的约63亿美元增加到去年年底的约194亿美元。</blockquote></p><p> That means that its current bitcoin allocation represents about 8% of its cash holdings.</p><p><blockquote>这意味着其目前的比特币配置约占其现金持有量的 8%。</blockquote></p><p> “Tesla’s purchase of bitcoin is an unusual use of corporate cash, which is typically held in safer and less volatile assets, such as short-term fixed income securities to ensure liquidity and limit volatility,” Jerry Klein, managing&nbsp;director and partner at Treasury Partners,&nbsp;based in New York, told MarketWatch via email.</p><p><blockquote>“总部位于纽约的 Treasury Partners 董事总经理兼合伙人杰里-克莱恩（Jerry Klein）通过电子邮件告诉 MarketWatch：”特斯拉收购比特币是对企业现金的一种不同寻常的使用，企业现金通常持有在更安全、波动性较小的资产中，如短期固定收益证券，以确保流动性并限制波动性。</blockquote></p><p> “While Tesla shareholders are reacting positively to the news, it remains to be seen how shareholders would react if a decline in bitcoin’s price negatively affects Tesla’s future earnings,” Klein said. “CFOs are willing to accept risk in their overall business, but not with the cash on their balance sheet. While bitcoin has been surging in recent months, it’s been very volatile over the past few years,” he said.</p><p><blockquote>“克莱因说：”虽然特斯拉股东对这一消息反应积极，但如果比特币股价下跌对特斯拉未来的盈利产生负面影响，股东会作何反应还有待观察。“首席财务官愿意接受整体业务中的风险，但不愿意接受资产负债表上的现金。虽然比特币在最近几个月一直在飙升，但在过去几年中却非常不稳定，”他说。</blockquote></p><p> To be sure, Tesla isn’t the first company, and isn’t likely to be the last, to apportion some share of holdings to bitcoin. Software company&nbsp;MicroStrategy Inc.&nbsp;last year&nbsp;acquired somce bitcoin and has been a champion of other corporations do so.</p><p><blockquote>可以肯定的是，特斯拉不是第一家，也不可能是最后一家向比特币分配部分股份的公司。软件公司MicroStrategy Inc.去年收购了somce比特币，并一直是其他公司这样做的拥护者。</blockquote></p><p> MicroStrategy, which recently hosted a virtual conference on the utility of bitcoin for corporations, estimates that roughly $50 billion worth of bitcoin is owned by private and publicly traded companies, citing data from&nbsp;BitcoinTreasuries.org.</p><p><blockquote>MicroStrategy 最近举办了一场关于比特币对企业的效用的虚拟会议，援引 BitcoinTreasuries.org 的数据估计，私营和上市公司拥有价值约 500 亿美元的比特币。</blockquote></p><p> MicroStrategy reported&nbsp;that about 8,200 people attended its weekend conference from nearly 7,000 companies.</p><p><blockquote>MicroStrategy 报告称，来自近 7,000 家公司的约 8,200 人参加了周末会议。</blockquote></p><p> Back to Tesla, Joe Osha, a Tesla analyst at JMP Securities told MarketWatch in a Monday afternoon phone interview that the electric-vehicle maker is often framed as having cash management troubles but believes that that is a bogus assesment.</p><p><blockquote>回到特斯拉，JMP Securities 特斯拉分析师乔·奥沙 (Joe Osha) 在周一下午的电话采访中告诉 MarketWatch，这家电动汽车制造商经常被认为存在现金管理问题，但他认为这是一个虚假的评估。</blockquote></p><p> “I think that there’s this very stale narrative around Tesla’s liquidity that is no longer consistent around its balance sheet or its cash flow generation,” Osha said.</p><p><blockquote>“Osha 说：”我认为，围绕特斯拉的流动性有一种非常陈旧的说法，这种说法在其资产负债表或现金流产生方面不再保持一致。</blockquote></p><p> He makes the case that the companies investment in bitcoin is trivial against the scale of its ability to generate cash, and aligns with the company’s strategy of being a disrupter.</p><p><blockquote>他认为，与公司产生现金的能力相比，两家公司在比特币的投资微不足道，这符合公司成为颠覆者的战略。</blockquote></p><p> “I see it as another step in Tesla’s effort to reinvent how cars are sold and delivered to people,” said Osha, who is referring to Tesla’s direct-to-customer sales model. Osha estimates that Tesla generated about $1.868 billion in free cash flow in the December quarter.</p><p><blockquote>“Osha 说：”我认为这是特斯拉努力重塑汽车销售和交付给人们的方式的又一步，他指的是特斯拉直接面向客户的销售模式。Osha 估计特斯拉在 12 月份季度产生了约 18.68 亿美元的自由现金流。</blockquote></p><p> Chester&nbsp;Spatt, professor at Carnegie Mellon University’s Tepper School of Business, told MarketWatch that bitcoin’s volatility makes it a tough asset to serve as a reserve asset for corporations or a medium of exchange.</p><p><blockquote>卡内基梅隆大学泰珀商学院教授 Chester Spatt 告诉 MarketWatch，比特币的波动性使其很难作为企业的储备资产或交易媒介。</blockquote></p><p></p><p> “You have volatility here that’s about 10 times that of the euro ,” the professor, who served as economist and director of the Securities and Exchange Commission’s Office of Economic Analysis from 2004-07 , said.</p><p><blockquote>“这位曾在 2004-07 年担任经济学家和美国证券交易委员会经济分析办公室主任的教授说：”这里的波动性大约是欧元的 10 倍。</blockquote></p><p> “That movement poses a lot of challenges for a corporation to hold [bitcoin] on their balance sheet but it also poses challenges from the point of the consumer,” he said.</p><p><blockquote>“他说：”这一举措给企业在资产负债表上保留[比特币]带来了许多挑战，但从消费者的角度来看，这也带来了挑战。</blockquote></p><p> Shares of Tesla closed up 1.3% on Monday.</p><p><blockquote>特斯拉股价周一收盘上涨 1.3%。</blockquote></p><p> Antoni Trenchev, co-founder and managing partner of&nbsp;Nexo, a crypto lender, said that it may make some sense for corporations to put some of their “dry powder” in bitcoin, especially with interest rates near 0% and the U.S. dollar under pressure, as measured by the ICE U.S. Dollar Index,which is down nearly 8% over the past year, FactSet data show.</p><p><blockquote>加密货币贷款机构 Nexo 的联合创始人兼管理合伙人安东尼-特伦切夫（Antoni Trenchev）表示，企业将一些 “干粉 ”投入比特币可能是有道理的，尤其是在利率接近 0%、美元承压的情况下，FactSet 数据显示，ICE 美元指数在过去一年中下跌了近 8%。</blockquote></p><p> “Corporations with ever increasing dry powder have a most obvious cash management option: partial BTC allocation,” Trenchev told MarketWatch.</p><p><blockquote>“特伦切夫告诉 MarketWatch：”干粉不断增加的公司有一个最明显的现金管理选择：部分比特币分配。</blockquote></p><p> “Sitting on piles of cash offers little to no return and gets constantly devalued by central banks’ excessive QE measures. Having a treasury policy that diversifies risk and return, as well as looking into ‘the fastest horse’, is not only a sound policy, but is also the one that most adheres to the key principle of maximizing shareholder value,” he said.</p><p><blockquote>“坐拥成堆的现金几乎没有回报，而且会因为央行过度的量化宽松措施而不断贬值。制定风险和回报分散的财政政策，以及关注'最快的马'，不仅是一项合理的政策，也是最坚持股东价值最大化这一关键原则的政策，”他说。</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>Is Tesla’s $1.5 billion bitcoin buy smart corporate finance? Experts weigh in<blockquote>特斯拉斥资 15 亿美元收购比特币是明智的企业融资吗？专家权衡</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\">\nIs Tesla’s $1.5 billion bitcoin buy smart corporate finance? Experts weigh in<blockquote>特斯拉斥资 15 亿美元收购比特币是明智的企业融资吗？专家权衡</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-02-09 11:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d612c15beca2f2d4d56a304cff74080\" tg-width=\"1260\" tg-height=\"876\"><span>MARKETWATCH PHOTO ILLUSTRATION/GETTY IMAGES|, ISTOCKPHOTO</span></p><p><blockquote><p class=\"t-img-caption\"><span>MARKETWATCH 照片插图/GETTY IMAGES|，ISTOCKPHOTO</span></p></blockquote></p><p> Tesla Inc. on Monday said that it bought $1.5 billion in bitcoin, a purchase that comes after CEO&nbsp;Elon Musk&nbsp;has promoted the world’s No. 1 digital asset,along with other cryptos, in recent weeks.</p><p><blockquote>特斯拉公司周一表示，该公司斥资 15 亿美元收购了比特币，此前首席执行官埃隆-马斯克（Elon Musk）最近几周一直在推广全球第一大数字资产以及其他加密货币。</blockquote></p><p> Bitcoin’s price&nbsp;already on a stratospheric rise, garnered an additional fillip from the announcement, with a single bitcoin changing hands on Monday at $42,709, up over 9%. Prices touched a record peak near $45,000.</p><p><blockquote>比特币的股价已经飙升，这一消息又给这一消息带来了额外的提振，周一单一比特币易手至 42709 美元，涨幅超过 9%。价格触及45,000美元附近的历史峰值。</blockquote></p><p> But one of the key questions swirling around the decision by the manufacturer of electric vehicles is whether the move, including the decision to eventually allow for the sale of its products to take place in bitcoins, is a prudent use of capital. It’s a question that’s particularly important given the wild swings that both shares of Tesla&nbsp;and bitcoin are prone to, even if those assets have both been on a nearly uninterrupted ride higher.</p><p><blockquote>但围绕这家电动汽车制造商这一决定的关键问题之一是，此举（包括最终允许以比特币销售其产品的决定）是否是对资本的谨慎使用。鉴于特斯拉和比特币的股价都容易出现剧烈波动，这个问题尤为重要，即使这两家公司的股价几乎都在不间断地上涨。</blockquote></p><p> “I think this is awful strategy on many, many levels,” Christopher Schwarz, associate professor of finance and faculty director of the Center for Investment and Wealth Management at the University of California at Irvine in emailed comments.</p><p><blockquote>“加州大学欧文分校金融学副教授兼投资与财富管理中心系主任克里斯托弗-施瓦茨（Christopher Schwarz）在电子邮件评论中说：”我认为这在很多很多层面上都是一个糟糕的策略。</blockquote></p><p> “In essence, this is like creating [currency] risk since none of Tesla’s suppliers are paid in bitcoin,” Schwarz told MarketWatch.</p><p><blockquote>“施瓦茨告诉 MarketWatch：”从本质上讲，这就像制造了（货币）风险，因为特斯拉的供应商都没有在比特币获得报酬。</blockquote></p><p> An email to the company for comment wasn’t immediately returned.</p><p><blockquote>向该公司发送的置评电子邮件没有立即得到回复。</blockquote></p><p> Musk’s moves come as Tesla focuses on ramping up its production of electric vehicles, with its share price soaring but the auto maker still a relatively niche player despite its market value of over $800 billion.</p><p><blockquote>马斯克此举正值特斯拉专注于提高电动汽车产量之际，其股价飙升，但尽管市值超过 8000 亿美元，这家汽车制造商仍然是一个相对小众的参与者。</blockquote></p><p> Shares of Tesla are up an eye-popping 472% over the past 12 months, making it one of the few traditional stocks that have outperformed bitcoin’s gain of 337% over the same stretch,</p><p><blockquote>特斯拉的股价在过去 12 个月中上涨了 472%，令人瞠目，是少数几只表现超过比特币同期 337% 涨幅的传统股票之一、</blockquote></p><p> The&nbsp;Wall Street Journal notedthat Tesla has taken advantage of its rabid investor base and its share price rally to bolster its cash position, bringing its cash holdings to around $19.4 billion at the end of last year, up from around $6.3 billion at the end of 2019.</p><p><blockquote>《华尔街日报》指出，特斯拉利用其狂热的投资者基础和股价上涨来增强其现金状况，使其现金持有量从2019年底的约63亿美元增加到去年年底的约194亿美元。</blockquote></p><p> That means that its current bitcoin allocation represents about 8% of its cash holdings.</p><p><blockquote>这意味着其目前的比特币配置约占其现金持有量的 8%。</blockquote></p><p> “Tesla’s purchase of bitcoin is an unusual use of corporate cash, which is typically held in safer and less volatile assets, such as short-term fixed income securities to ensure liquidity and limit volatility,” Jerry Klein, managing&nbsp;director and partner at Treasury Partners,&nbsp;based in New York, told MarketWatch via email.</p><p><blockquote>“总部位于纽约的 Treasury Partners 董事总经理兼合伙人杰里-克莱恩（Jerry Klein）通过电子邮件告诉 MarketWatch：”特斯拉收购比特币是对企业现金的一种不同寻常的使用，企业现金通常持有在更安全、波动性较小的资产中，如短期固定收益证券，以确保流动性并限制波动性。</blockquote></p><p> “While Tesla shareholders are reacting positively to the news, it remains to be seen how shareholders would react if a decline in bitcoin’s price negatively affects Tesla’s future earnings,” Klein said. “CFOs are willing to accept risk in their overall business, but not with the cash on their balance sheet. While bitcoin has been surging in recent months, it’s been very volatile over the past few years,” he said.</p><p><blockquote>“克莱因说：”虽然特斯拉股东对这一消息反应积极，但如果比特币股价下跌对特斯拉未来的盈利产生负面影响，股东会作何反应还有待观察。“首席财务官愿意接受整体业务中的风险，但不愿意接受资产负债表上的现金。虽然比特币在最近几个月一直在飙升，但在过去几年中却非常不稳定，”他说。</blockquote></p><p> To be sure, Tesla isn’t the first company, and isn’t likely to be the last, to apportion some share of holdings to bitcoin. Software company&nbsp;MicroStrategy Inc.&nbsp;last year&nbsp;acquired somce bitcoin and has been a champion of other corporations do so.</p><p><blockquote>可以肯定的是，特斯拉不是第一家，也不可能是最后一家向比特币分配部分股份的公司。软件公司MicroStrategy Inc.去年收购了somce比特币，并一直是其他公司这样做的拥护者。</blockquote></p><p> MicroStrategy, which recently hosted a virtual conference on the utility of bitcoin for corporations, estimates that roughly $50 billion worth of bitcoin is owned by private and publicly traded companies, citing data from&nbsp;BitcoinTreasuries.org.</p><p><blockquote>MicroStrategy 最近举办了一场关于比特币对企业的效用的虚拟会议，援引 BitcoinTreasuries.org 的数据估计，私营和上市公司拥有价值约 500 亿美元的比特币。</blockquote></p><p> MicroStrategy reported&nbsp;that about 8,200 people attended its weekend conference from nearly 7,000 companies.</p><p><blockquote>MicroStrategy 报告称，来自近 7,000 家公司的约 8,200 人参加了周末会议。</blockquote></p><p> Back to Tesla, Joe Osha, a Tesla analyst at JMP Securities told MarketWatch in a Monday afternoon phone interview that the electric-vehicle maker is often framed as having cash management troubles but believes that that is a bogus assesment.</p><p><blockquote>回到特斯拉，JMP Securities 特斯拉分析师乔·奥沙 (Joe Osha) 在周一下午的电话采访中告诉 MarketWatch，这家电动汽车制造商经常被认为存在现金管理问题，但他认为这是一个虚假的评估。</blockquote></p><p> “I think that there’s this very stale narrative around Tesla’s liquidity that is no longer consistent around its balance sheet or its cash flow generation,” Osha said.</p><p><blockquote>“Osha 说：”我认为，围绕特斯拉的流动性有一种非常陈旧的说法，这种说法在其资产负债表或现金流产生方面不再保持一致。</blockquote></p><p> He makes the case that the companies investment in bitcoin is trivial against the scale of its ability to generate cash, and aligns with the company’s strategy of being a disrupter.</p><p><blockquote>他认为，与公司产生现金的能力相比，两家公司在比特币的投资微不足道，这符合公司成为颠覆者的战略。</blockquote></p><p> “I see it as another step in Tesla’s effort to reinvent how cars are sold and delivered to people,” said Osha, who is referring to Tesla’s direct-to-customer sales model. Osha estimates that Tesla generated about $1.868 billion in free cash flow in the December quarter.</p><p><blockquote>“Osha 说：”我认为这是特斯拉努力重塑汽车销售和交付给人们的方式的又一步，他指的是特斯拉直接面向客户的销售模式。Osha 估计特斯拉在 12 月份季度产生了约 18.68 亿美元的自由现金流。</blockquote></p><p> Chester&nbsp;Spatt, professor at Carnegie Mellon University’s Tepper School of Business, told MarketWatch that bitcoin’s volatility makes it a tough asset to serve as a reserve asset for corporations or a medium of exchange.</p><p><blockquote>卡内基梅隆大学泰珀商学院教授 Chester Spatt 告诉 MarketWatch，比特币的波动性使其很难作为企业的储备资产或交易媒介。</blockquote></p><p></p><p> “You have volatility here that’s about 10 times that of the euro ,” the professor, who served as economist and director of the Securities and Exchange Commission’s Office of Economic Analysis from 2004-07 , said.</p><p><blockquote>“这位曾在 2004-07 年担任经济学家和美国证券交易委员会经济分析办公室主任的教授说：”这里的波动性大约是欧元的 10 倍。</blockquote></p><p> “That movement poses a lot of challenges for a corporation to hold [bitcoin] on their balance sheet but it also poses challenges from the point of the consumer,” he said.</p><p><blockquote>“他说：”这一举措给企业在资产负债表上保留[比特币]带来了许多挑战，但从消费者的角度来看，这也带来了挑战。</blockquote></p><p> Shares of Tesla closed up 1.3% on Monday.</p><p><blockquote>特斯拉股价周一收盘上涨 1.3%。</blockquote></p><p> Antoni Trenchev, co-founder and managing partner of&nbsp;Nexo, a crypto lender, said that it may make some sense for corporations to put some of their “dry powder” in bitcoin, especially with interest rates near 0% and the U.S. dollar under pressure, as measured by the ICE U.S. Dollar Index,which is down nearly 8% over the past year, FactSet data show.</p><p><blockquote>加密货币贷款机构 Nexo 的联合创始人兼管理合伙人安东尼-特伦切夫（Antoni Trenchev）表示，企业将一些 “干粉 ”投入比特币可能是有道理的，尤其是在利率接近 0%、美元承压的情况下，FactSet 数据显示，ICE 美元指数在过去一年中下跌了近 8%。</blockquote></p><p> “Corporations with ever increasing dry powder have a most obvious cash management option: partial BTC allocation,” Trenchev told MarketWatch.</p><p><blockquote>“特伦切夫告诉 MarketWatch：”干粉不断增加的公司有一个最明显的现金管理选择：部分比特币分配。</blockquote></p><p> “Sitting on piles of cash offers little to no return and gets constantly devalued by central banks’ excessive QE measures. Having a treasury policy that diversifies risk and return, as well as looking into ‘the fastest horse’, is not only a sound policy, but is also the one that most adheres to the key principle of maximizing shareholder value,” he said.</p><p><blockquote>“坐拥成堆的现金几乎没有回报，而且会因为央行过度的量化宽松措施而不断贬值。制定风险和回报分散的财政政策，以及关注'最快的马'，不仅是一项合理的政策，也是最坚持股东价值最大化这一关键原则的政策，”他说。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/is-teslas-1-5-billion-bitcoin-buy-smart-corporate-finance-experts-weigh-in-11612817269?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":{"TSLA":"特斯拉","GBTC":"比特币ETF-Grayscale"},"source_url":"https://www.marketwatch.com/story/is-teslas-1-5-billion-bitcoin-buy-smart-corporate-finance-experts-weigh-in-11612817269?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1143370300","content_text":"MARKETWATCH PHOTO ILLUSTRATION/GETTY IMAGES|, ISTOCKPHOTO\nTesla Inc. on Monday said that it bought $1.5 billion in bitcoin, a purchase that comes after CEO Elon Musk has promoted the world’s No. 1 digital asset,along with other cryptos, in recent weeks.\nBitcoin’s price already on a stratospheric rise, garnered an additional fillip from the announcement, with a single bitcoin changing hands on Monday at $42,709, up over 9%. Prices touched a record peak near $45,000.\nBut one of the key questions swirling around the decision by the manufacturer of electric vehicles is whether the move, including the decision to eventually allow for the sale of its products to take place in bitcoins, is a prudent use of capital. It’s a question that’s particularly important given the wild swings that both shares of Tesla and bitcoin are prone to, even if those assets have both been on a nearly uninterrupted ride higher.\n“I think this is awful strategy on many, many levels,” Christopher Schwarz, associate professor of finance and faculty director of the Center for Investment and Wealth Management at the University of California at Irvine in emailed comments.\n“In essence, this is like creating [currency] risk since none of Tesla’s suppliers are paid in bitcoin,” Schwarz told MarketWatch.\nAn email to the company for comment wasn’t immediately returned.\nMusk’s moves come as Tesla focuses on ramping up its production of electric vehicles, with its share price soaring but the auto maker still a relatively niche player despite its market value of over $800 billion.\nShares of Tesla are up an eye-popping 472% over the past 12 months, making it one of the few traditional stocks that have outperformed bitcoin’s gain of 337% over the same stretch,\nThe Wall Street Journal notedthat Tesla has taken advantage of its rabid investor base and its share price rally to bolster its cash position, bringing its cash holdings to around $19.4 billion at the end of last year, up from around $6.3 billion at the end of 2019.\nThat means that its current bitcoin allocation represents about 8% of its cash holdings.\n“Tesla’s purchase of bitcoin is an unusual use of corporate cash, which is typically held in safer and less volatile assets, such as short-term fixed income securities to ensure liquidity and limit volatility,” Jerry Klein, managing director and partner at Treasury Partners, based in New York, told MarketWatch via email.\n“While Tesla shareholders are reacting positively to the news, it remains to be seen how shareholders would react if a decline in bitcoin’s price negatively affects Tesla’s future earnings,” Klein said. “CFOs are willing to accept risk in their overall business, but not with the cash on their balance sheet. While bitcoin has been surging in recent months, it’s been very volatile over the past few years,” he said.\nTo be sure, Tesla isn’t the first company, and isn’t likely to be the last, to apportion some share of holdings to bitcoin. Software company MicroStrategy Inc. last year acquired somce bitcoin and has been a champion of other corporations do so.\nMicroStrategy, which recently hosted a virtual conference on the utility of bitcoin for corporations, estimates that roughly $50 billion worth of bitcoin is owned by private and publicly traded companies, citing data from BitcoinTreasuries.org.\nMicroStrategy reported that about 8,200 people attended its weekend conference from nearly 7,000 companies.\nBack to Tesla, Joe Osha, a Tesla analyst at JMP Securities told MarketWatch in a Monday afternoon phone interview that the electric-vehicle maker is often framed as having cash management troubles but believes that that is a bogus assesment.\n“I think that there’s this very stale narrative around Tesla’s liquidity that is no longer consistent around its balance sheet or its cash flow generation,” Osha said.\nHe makes the case that the companies investment in bitcoin is trivial against the scale of its ability to generate cash, and aligns with the company’s strategy of being a disrupter.\n“I see it as another step in Tesla’s effort to reinvent how cars are sold and delivered to people,” said Osha, who is referring to Tesla’s direct-to-customer sales model. Osha estimates that Tesla generated about $1.868 billion in free cash flow in the December quarter.\nChester Spatt, professor at Carnegie Mellon University’s Tepper School of Business, told MarketWatch that bitcoin’s volatility makes it a tough asset to serve as a reserve asset for corporations or a medium of exchange.\n“You have volatility here that’s about 10 times that of the euro ,” the professor, who served as economist and director of the Securities and Exchange Commission’s Office of Economic Analysis from 2004-07 , said.\n“That movement poses a lot of challenges for a corporation to hold [bitcoin] on their balance sheet but it also poses challenges from the point of the consumer,” he said.\nShares of Tesla closed up 1.3% on Monday.\nAntoni Trenchev, co-founder and managing partner of Nexo, a crypto lender, said that it may make some sense for corporations to put some of their “dry powder” in bitcoin, especially with interest rates near 0% and the U.S. dollar under pressure, as measured by the ICE U.S. Dollar Index,which is down nearly 8% over the past year, FactSet data show.\n“Corporations with ever increasing dry powder have a most obvious cash management option: partial BTC allocation,” Trenchev told MarketWatch.\n“Sitting on piles of cash offers little to no return and gets constantly devalued by central banks’ excessive QE measures. Having a treasury policy that diversifies risk and return, as well as looking into ‘the fastest horse’, is not only a sound policy, but is also the one that most adheres to the key principle of maximizing shareholder value,” he said.","news_type":1,"symbols_score_info":{"XBTmain":0.9,"BTCmain":0.9,"TSLA":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":2278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361637150,"gmtCreate":1614227353770,"gmtModify":1634550599128,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Nio is my choice","listText":"Nio is my choice","text":"Nio is my choice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/361637150","repostId":"1144266648","repostType":4,"isVote":1,"tweetType":1,"viewCount":2214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365010446,"gmtCreate":1614677943085,"gmtModify":1703479728248,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Still one of the better options","listText":"Still one of the better options","text":"Still one of the better options","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365010446","repostId":"1157805533","repostType":4,"isVote":1,"tweetType":1,"viewCount":3785,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363267500,"gmtCreate":1614143718300,"gmtModify":1634550996577,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363267500","repostId":"1111682954","repostType":4,"repost":{"id":"1111682954","kind":"news","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=zh_CN&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse<blockquote>瑞士信贷：标普500还有更大的上涨空间</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p><p><blockquote>最近盈利太好了，不容忽视，如果经济出现正确的发展，盈利可能会从目前的水平大幅增长。</blockquote></p><p> Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p><p><blockquote>瑞士信贷周二将标准普尔 500 指数 2021 年目标价从 4,200 美元上调至 4,300 美元。这意味着策略师预计，到今年年底，该指数将较当前水平上涨 11% 以上。相对于华尔街的普遍观点，这甚至不是一个激进的预测。FactSet 追踪的公司的平均看涨期权预计该指数将达到 4,400 美元。</blockquote></p><p> But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p><p><blockquote>但这种乐观情绪确实有其价值。“瑞士信贷（Credit Suisse）首席美国股票策略师乔纳森-戈卢布（Jonathan Golub）在一份报告中写道：”随着经济重新开放、刺激措施充足以及美联储政策超级宽松，2021 年的 GDP 预计将比过去 35 年来的任何时候都更热也就不足为奇了。</blockquote></p><p> He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p><p><blockquote>他认为，由于标普500公司第四季度的每股收益总额超过了分析师的预测 17%，而且绝大多数公司都已经公布了业绩，因此盈利预期必须上调。</blockquote></p><p> Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p><p><blockquote>更高的盈利预期通常会导致股票价格更高。Golub 将标普500每股收益的宏观预期从 2021 年的 175 美元上调至 185 美元，从 2022 年的 200 美元上调至 210 美元。</blockquote></p><p> At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p><p><blockquote>起初，投资者似乎并不在意公司将第四季度盈利预期降低。结果并不重要，理由是，如果 Covid-19 疫苗不能如期推出，或者不能充分抵御新毒株，当地经济就无法重新开放，收入也会暴跌。</blockquote></p><p> But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p><p><blockquote>但现在， 疫苗每天都能找到数百万件武器和数万亿美元的额外财政刺激，这将支持预期的需求。本季度的盈利预期低于几周前第四季度的预期结果，因此随着与 Covid-19 相关的限制解除，华尔街上调盈利预期也就不足为奇了。策略师目前平均预计标普500 2022 年每股收益为 198 美元。</blockquote></p><p> The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p><p><blockquote>下一个问题是标普500上平均股票的每股收益可能是多少倍。Golub 预计，到今年年底，该指数的交易价格将略高于 2022 年总收益的 20 倍。这比目前未来 12 个月盈利预期低约 22 倍。</blockquote></p><p> Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p><p><blockquote>人们普遍预计估值会下降，因为安全的美国国债收益率正在上升。更高的收益率使得投资股票的风险逐渐变得不那么有吸引力，从而减少了投资者愿意为未来每美元收益支付的金额。</blockquote></p><p> But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p><p><blockquote>但利率上升也反映了对经济和通胀预期的改善，这与更好的盈利是一致的，这可能会推动股价走高。</blockquote></p><p> None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p><p><blockquote>这些都不意味着没有风险。疫苗接种的任何重大挫折都将不利于盈利，而美联储过快、过高加息的决定将对经济和股票估值构成风险。</blockquote></p><p> Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p><p><blockquote>尽管如此，风险正在消退。随着股票在当前的抛售中面临压力，上涨的潜力可能会增加。</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>The S&P 500 Has More Room to Rise: Credit Suisse<blockquote>瑞士信贷：标普500还有更大的上涨空间</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 Has More Room to Rise: Credit Suisse<blockquote>瑞士信贷：标普500还有更大的上涨空间</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-02-24 13:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p><p><blockquote>最近盈利太好了，不容忽视，如果经济出现正确的发展，盈利可能会从目前的水平大幅增长。</blockquote></p><p> Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p><p><blockquote>瑞士信贷周二将标准普尔 500 指数 2021 年目标价从 4,200 美元上调至 4,300 美元。这意味着策略师预计，到今年年底，该指数将较当前水平上涨 11% 以上。相对于华尔街的普遍观点，这甚至不是一个激进的预测。FactSet 追踪的公司的平均看涨期权预计该指数将达到 4,400 美元。</blockquote></p><p> But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p><p><blockquote>但这种乐观情绪确实有其价值。“瑞士信贷（Credit Suisse）首席美国股票策略师乔纳森-戈卢布（Jonathan Golub）在一份报告中写道：”随着经济重新开放、刺激措施充足以及美联储政策超级宽松，2021 年的 GDP 预计将比过去 35 年来的任何时候都更热也就不足为奇了。</blockquote></p><p> He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p><p><blockquote>他认为，由于标普500公司第四季度的每股收益总额超过了分析师的预测 17%，而且绝大多数公司都已经公布了业绩，因此盈利预期必须上调。</blockquote></p><p> Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p><p><blockquote>更高的盈利预期通常会导致股票价格更高。Golub 将标普500每股收益的宏观预期从 2021 年的 175 美元上调至 185 美元，从 2022 年的 200 美元上调至 210 美元。</blockquote></p><p> At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p><p><blockquote>起初，投资者似乎并不在意公司将第四季度盈利预期降低。结果并不重要，理由是，如果 Covid-19 疫苗不能如期推出，或者不能充分抵御新毒株，当地经济就无法重新开放，收入也会暴跌。</blockquote></p><p> But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p><p><blockquote>但现在， 疫苗每天都能找到数百万件武器和数万亿美元的额外财政刺激，这将支持预期的需求。本季度的盈利预期低于几周前第四季度的预期结果，因此随着与 Covid-19 相关的限制解除，华尔街上调盈利预期也就不足为奇了。策略师目前平均预计标普500 2022 年每股收益为 198 美元。</blockquote></p><p> The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p><p><blockquote>下一个问题是标普500上平均股票的每股收益可能是多少倍。Golub 预计，到今年年底，该指数的交易价格将略高于 2022 年总收益的 20 倍。这比目前未来 12 个月盈利预期低约 22 倍。</blockquote></p><p> Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p><p><blockquote>人们普遍预计估值会下降，因为安全的美国国债收益率正在上升。更高的收益率使得投资股票的风险逐渐变得不那么有吸引力，从而减少了投资者愿意为未来每美元收益支付的金额。</blockquote></p><p> But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p><p><blockquote>但利率上升也反映了对经济和通胀预期的改善，这与更好的盈利是一致的，这可能会推动股价走高。</blockquote></p><p> None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p><p><blockquote>这些都不意味着没有风险。疫苗接种的任何重大挫折都将不利于盈利，而美联储过快、过高加息的决定将对经济和股票估值构成风险。</blockquote></p><p> Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p><p><blockquote>尽管如此，风险正在消退。随着股票在当前的抛售中面临压力，上涨的潜力可能会增加。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381042005,"gmtCreate":1612917067307,"gmtModify":1703766864810,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"The standard but always very valid rules all traders should follow.&nbsp;","listText":"The standard but always very valid rules all traders should follow.&nbsp;","text":"The standard but always very valid rules all traders should follow.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/381042005","repostId":"1149038980","repostType":4,"repost":{"id":"1149038980","kind":"news","pubTimestamp":1612864337,"share":"https://www.laohu8.com/m/news/1149038980?lang=zh_CN&edition=full","pubTime":"2021-02-09 17:52","market":"us","language":"en","title":"These 12 lessons from the GameStop and AMC frenzy can help you make money trading stocks (or at least lose less)<blockquote>游戏驿站和AMC狂潮的这12个教训可以帮助您通过股票交易赚钱（或至少损失更少）</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149038980","media":"MarketWatch","summary":"I can hear the cries from investors who racked up huge profits in GameStop or AMC Entertainment Hold","content":"<p>I can hear the cries from investors who racked up huge profits in GameStop&nbsp;or AMC Entertainment Holdings&nbsp;for a few hours or days, only to watch their gains evaporate.</p><p><blockquote>我可以听到投资者的呼声，他们在游戏驿站或AMC院线控股公司中获得了几个小时或几天的巨额利润，却眼睁睁地看着他们的收益蒸发。</blockquote></p><p> This coordinated bull raid was initiated by thousands of retail investors on Reddit, a popular website forum. We heard stories of fortunes made and lost. The ones we didn’t hear were from the folks in-between — small retail traders and investors who suffered thousands of dollars (or more) in losses.</p><p><blockquote>这场协同的牛市突袭是由热门网站论坛Reddit上的数千名散户投资者发起的。我们听到了财富创造和失去的故事。我们没有听到的是介于两者之间的人——遭受数千美元（或更多）损失的小型散户交易者和投资者。</blockquote></p><p> For those still holding GME or AMC, or for those eager to pounce on the next volatile meme stock, I offer the following advice based on personal experience and observations. These are the lessons you must know before you ever get involved in the stock or options market (or if you are holding a winning stock or option):</p><p><blockquote>对于那些仍然持有GME或AMC的人，或者那些渴望抓住下一个波动的模因股票的人，我根据个人经验和观察提供以下建议。以下是您在参与股票或期权市场（或者如果您持有获胜的股票或期权）之前必须了解的经验教训：</blockquote></p><p> <b>1. Don’t sell stocks or options on products you don’t own:</b>The traders who lost the most money in GameStop and AMC were those who sold “naked” calls and puts (i.e. they sold options on stocks they didn’t own), or those who sold shares short (again, they sold shares on a stock they didn’t own). When using this extremely risky strategy, you can make a fortune if you’re right. If you’re wrong, the losses can be incalculable. In reality, some unwary traders lost tens of thousands of dollars last week on positions that cost a few thousand dollars. Once again, don’t sell anything naked unless you’re a professional, and in this case even the pros lost big on that risky bet.</p><p><blockquote><b>1.不要出售你不拥有的产品的股票或期权：</b>在游戏驿站和AMC损失最大的交易者是那些出售“裸”评级和看跌期权（即他们出售他们不拥有的股票的期权）的交易者，或者那些卖空股票的交易者（同样，他们出售他们不拥有的股票的股票）。当使用这种风险极高的策略时，如果你是对的，你可以发财。如果你错了，损失是无法估量的。事实上，一些粗心的交易者上周在几千美元的头寸上损失了数万美元。再说一次，除非你是专业人士，否则不要裸卖任何东西，在这种情况下，即使是专业人士也会在这个冒险的赌注上损失惨重。</blockquote></p><p> <b>2. Sell at the “zero point.”</b>&nbsp; Here’s a rule I created: If you have huge gains that disappear and you are at the zero point (i.e. break-even), sell before you have real losses. It’s better to walk away at zero than with losses.</p><p><blockquote><b>2.在“零点”卖出。</b>我制定了一条规则：如果你的巨额收益消失了，而你处于零点（即盈亏平衡），在你真正亏损之前卖出。零分离开总比亏损好。</blockquote></p><p> <b>3. Don’t be a stubborn seller:</b>Why is it so hard for most traders to walk away at the zero point? Stubbornness. Many traders made huge gains last week only to watch those profits disappear. They refused to sell because they hoped to make their money back. If holding options, that’s not going to happen. (If you bought at or near the high, your money is gone. If you hold a stock, plan to wait months or even years to recover. Stubborn stockholders often end up as “stuckholders.”</p><p><blockquote><b>3.不要做固执的卖家：</b>为什么大多数交易者很难在零点离开？固执。许多交易者上周获得了巨大的收益，却眼睁睁地看着这些利润消失。他们拒绝出售，因为他们希望把钱赚回来。如果持有期权，这种情况就不会发生。（如果你在高点或附近买入，你的钱就没了。如果你持有一只股票，计划等待几个月甚至几年才能恢复。顽固的股东往往最终成为“持卡人”。</blockquote></p><p> <b>4. Take the money and run:</b>When you are holding a stock or option position that brings outsized profits, either sell half of your holding or all of it — but get out. I call this “selling at extremes.” Sell something when the profits are beyond your wildest expectations. We all know the story of the gambler who wins big at the casino, but doesn’t leave the table until all his money is gone. Know when to walk away from the computer. Profits are fleeting, especially when volatility skyrockets.</p><p><blockquote><b>4.拿了钱就跑：</b>当你持有一个能带来巨额利润的股票或期权头寸时，要么卖出一半，要么全部——但要退出。我看涨期权这个“极端销售”。当利润超出你最疯狂的预期时，卖掉一些东西。我们都知道一个赌徒的故事，他在赌场赢了大钱，但直到他所有的钱都花光了才离开牌桌。知道什么时候离开电脑。利润转瞬即逝，尤其是当波动性飙升时。</blockquote></p><p> <b>5.Trade small when making longshot trades (i.e. gambling):</b>GameStop and AMC were both big gambles, and for a time the trade worked if you were long. But if you bet wrong? I spoke to a few of these traders. One lost $8,000 on a single option contract. If he had traded his normal size (30 contracts), he told me, his losses would have been more than $240,000.</p><p><blockquote><b>5.进行长期交易（即赌博）时进行小额交易：</b>游戏驿站和AMC都是豪赌，有一段时间，如果你做多，交易就会奏效。但如果你赌错了呢？我和其中一些交易员谈过。一个人在一份期权合约上损失了8,000美元。他告诉我，如果他交易的是正常规模（30份合约），他的损失将超过24万美元。</blockquote></p><p> <b>6. Don’t expect this trading frenzy to keep happening:</b>It’s possible that a group of traders on the Reddit forum will band together for more bear- or bull raids. Except Treasury Secretary Janet Yellen and Fed Chair Jerome Powell are most likely creating new rules to prevent this from repeating. The Fed hates volatility and will do everything in its power to keep the markets calm. So once again, when you make big money on a trade, take the money as fast as you can — because you may not get the chance again.</p><p><blockquote><b>6.不要指望这种交易狂潮会一直发生：</b>Reddit论坛上的一群交易者可能会联合起来进行更多的熊市或牛市袭击。除了财政部长珍妮特·耶伦和美联储主席杰罗姆·鲍威尔很可能会制定新规则来防止这种情况再次发生。美联储讨厌波动，并将尽一切努力保持市场平静。所以，再一次，当你在一笔交易中赚了大钱时，尽快拿钱——因为你可能不会再有机会了。</blockquote></p><p> <b>7. Stop bragging about how much money you made</b>: Many traders who won big immediately bragged on social media (and to their jealous friends) about how much money they made on this trade. Yet the euphoric feeling they had was temporary. It usually goes away after all the money is gone. The smart (and polite) traders took their gains and kept the win to themselves</p><p><blockquote><b>7.不要吹嘘你赚了多少钱</b>：许多赢得大奖的交易者立即在社交媒体上（以及向嫉妒的朋友）吹嘘他们在这笔交易中赚了多少钱。然而，他们的兴奋感是暂时的。一般钱都没了就没了。聪明（和礼貌）的交易者拿走了他们的收益，并把胜利留给了自己</blockquote></p><p> <b>8. Use a time stop:</b>Time stops are not well-known or popular, but with fast-moving stocks (or when trading options), they are invaluable. In an extremely fast market, the traditional stop-limit order won’t get filled, as many of those meme-stock traders found out the hard way. Instead, after making a huge profit, set a day or time to sell. For example, you may sell the position by Friday no matter what (although selling at extremes is better — see Rule #4).</p><p><blockquote><b>8.使用时间停止：</b>时间止损并不出名或受欢迎，但对于快速波动的股票（或交易期权时），它们是无价的。在速度极快的市场中，传统的限价止损单不会被执行，正如许多模因股票交易者艰难地发现的那样。而是在获得巨额利润后，设定一个卖出的日期或时间。例如，无论如何，你都可以在周五之前卖出头寸（尽管在极端情况下卖出更好——见规则4）。</blockquote></p><p> <b>9. Sell half or all of the position:</b>It’s never an easy decision to know when to sell. If you sell too early, it’s annoying to watch the stock go higher. Sell too late and you lose money. Selling half of your holding is a reasonable alternative, but you must be prepared to sell the other half if the position goes against you.</p><p><blockquote><b>9.卖出一半或全部仓位：</b>知道何时出售从来都不是一个容易的决定。如果你卖得太早，看着股票走高会很烦人。卖得太晚，你就会赔钱。出售一半持股是一个合理的选择，但如果头寸对您不利，您必须准备好出售另一半。</blockquote></p><p></p><p> <b>10. Don’t seek revenge when you lose money on a stock:</b>It’s common for traders to seek revenge on a stock they lost money on. Do not fall for this emotional trap. If you lost money on a stock, let it go and move on.</p><p><blockquote><b>10.当你在股票上亏损时不要寻求报复：</b>交易者对亏损的股票进行报复是很常见的。不要落入这个情感陷阱。如果你在一只股票上亏了钱，就让它过去，继续前进。</blockquote></p><p> <b>11. Trade small after you made or lost big:</b>If you’re feeling emotional about a stock, including feelings of anger or revenge, trade small. Many people who hit it big in the market can’t help but make bigger and bigger bets. Just like the gamblers at a casino, they keep trading until all their money is gone.</p><p><blockquote><b>11.在你赚了大钱或亏了大钱之后进行小额交易：</b>如果您对一只股票感到情绪化，包括愤怒或报复的感觉，请少量交易。很多在市场上大获全胜的人，都忍不住下了越来越大的赌注。就像赌场里的赌徒一样，他们不断交易，直到所有的钱都花光。</blockquote></p><p> You don’t think it can happen to you? One of the greatest speculators in the world, Jesse Livermore, made $100 million dollars in a single week in 1929. He then lost all of his money within five years. He should have moved most of his profits out of the market after his big win and traded small for the next year. Instead, he got reckless and lost it all.</p><p><blockquote>你觉得这不会发生在你身上吗？1929年，世界上最伟大的投机者之一杰西·利弗莫尔在一周内赚了1亿美元。然后他在五年内失去了所有的钱。他应该在大获全胜后将大部分利润撤出市场，并在第二年进行小额交易。相反，他变得鲁莽，失去了一切。</blockquote></p><p> <b>12. Don’t take on too much risk:</b>Never invest or trade with so much money that if you lost, you’d lose your house or 401(k). Brokers told me about clients who cleared out their retirement funds or took cash advances on their credit cards so they could buy GameStop and AMC. Some won, some lost, but many took on way too much risk.</p><p><blockquote><b>12.不要承担太多风险：</b>永远不要用太多的钱投资或交易，如果你输了，你就会失去你的房子或401(k)。经纪人告诉我，一些客户清空了退休基金或从信用卡上预支现金，以便购买游戏驿站和AMC。有些人赢了，有些人输了，但许多人冒了太多的风险。</blockquote></p><p> <b>The meme-stock pyramid scheme</b></p><p><blockquote><b>模因股票金字塔计划</b></blockquote></p><p> Those who traded GameStop, AMC and other meme stocks thought they were trading, but they were actually participating in a gigantic pyramid scheme. Those who got in early and got out early probably did well. Those who entered late or held too long lost money.</p><p><blockquote>那些交易游戏驿站、AMC和其他模因股票的人以为他们在交易，但他们实际上是在参与一个巨大的金字塔计划。那些早进早出的人可能做得很好。那些进入较晚或持有时间过长的人亏损了。</blockquote></p><p> My advice: Review these 12 rules periodically. They are based on the experiences and the bad luck of thousands of other traders, including myself, who thought we were smarter than the market. In truth the market was smarter than us — because it always is.</p><p><blockquote>我的建议是：定期回顾这12条规则。它们是基于成千上万其他交易者的经验和坏运气，包括我自己，他们认为我们比市场更聪明。事实上，市场比我们聪明——因为它总是如此。</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>These 12 lessons from the GameStop and AMC frenzy can help you make money trading stocks (or at least lose less)<blockquote>游戏驿站和AMC狂潮的这12个教训可以帮助您通过股票交易赚钱（或至少损失更少）</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\">\nThese 12 lessons from the GameStop and AMC frenzy can help you make money trading stocks (or at least lose less)<blockquote>游戏驿站和AMC狂潮的这12个教训可以帮助您通过股票交易赚钱（或至少损失更少）</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-02-09 17:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>I can hear the cries from investors who racked up huge profits in GameStop&nbsp;or AMC Entertainment Holdings&nbsp;for a few hours or days, only to watch their gains evaporate.</p><p><blockquote>我可以听到投资者的呼声，他们在游戏驿站或AMC院线控股公司中获得了几个小时或几天的巨额利润，却眼睁睁地看着他们的收益蒸发。</blockquote></p><p> This coordinated bull raid was initiated by thousands of retail investors on Reddit, a popular website forum. We heard stories of fortunes made and lost. The ones we didn’t hear were from the folks in-between — small retail traders and investors who suffered thousands of dollars (or more) in losses.</p><p><blockquote>这场协同的牛市突袭是由热门网站论坛Reddit上的数千名散户投资者发起的。我们听到了财富创造和失去的故事。我们没有听到的是介于两者之间的人——遭受数千美元（或更多）损失的小型散户交易者和投资者。</blockquote></p><p> For those still holding GME or AMC, or for those eager to pounce on the next volatile meme stock, I offer the following advice based on personal experience and observations. These are the lessons you must know before you ever get involved in the stock or options market (or if you are holding a winning stock or option):</p><p><blockquote>对于那些仍然持有GME或AMC的人，或者那些渴望抓住下一个波动的模因股票的人，我根据个人经验和观察提供以下建议。以下是您在参与股票或期权市场（或者如果您持有获胜的股票或期权）之前必须了解的经验教训：</blockquote></p><p> <b>1. Don’t sell stocks or options on products you don’t own:</b>The traders who lost the most money in GameStop and AMC were those who sold “naked” calls and puts (i.e. they sold options on stocks they didn’t own), or those who sold shares short (again, they sold shares on a stock they didn’t own). When using this extremely risky strategy, you can make a fortune if you’re right. If you’re wrong, the losses can be incalculable. In reality, some unwary traders lost tens of thousands of dollars last week on positions that cost a few thousand dollars. Once again, don’t sell anything naked unless you’re a professional, and in this case even the pros lost big on that risky bet.</p><p><blockquote><b>1.不要出售你不拥有的产品的股票或期权：</b>在游戏驿站和AMC损失最大的交易者是那些出售“裸”评级和看跌期权（即他们出售他们不拥有的股票的期权）的交易者，或者那些卖空股票的交易者（同样，他们出售他们不拥有的股票的股票）。当使用这种风险极高的策略时，如果你是对的，你可以发财。如果你错了，损失是无法估量的。事实上，一些粗心的交易者上周在几千美元的头寸上损失了数万美元。再说一次，除非你是专业人士，否则不要裸卖任何东西，在这种情况下，即使是专业人士也会在这个冒险的赌注上损失惨重。</blockquote></p><p> <b>2. Sell at the “zero point.”</b>&nbsp; Here’s a rule I created: If you have huge gains that disappear and you are at the zero point (i.e. break-even), sell before you have real losses. It’s better to walk away at zero than with losses.</p><p><blockquote><b>2.在“零点”卖出。</b>我制定了一条规则：如果你的巨额收益消失了，而你处于零点（即盈亏平衡），在你真正亏损之前卖出。零分离开总比亏损好。</blockquote></p><p> <b>3. Don’t be a stubborn seller:</b>Why is it so hard for most traders to walk away at the zero point? Stubbornness. Many traders made huge gains last week only to watch those profits disappear. They refused to sell because they hoped to make their money back. If holding options, that’s not going to happen. (If you bought at or near the high, your money is gone. If you hold a stock, plan to wait months or even years to recover. Stubborn stockholders often end up as “stuckholders.”</p><p><blockquote><b>3.不要做固执的卖家：</b>为什么大多数交易者很难在零点离开？固执。许多交易者上周获得了巨大的收益，却眼睁睁地看着这些利润消失。他们拒绝出售，因为他们希望把钱赚回来。如果持有期权，这种情况就不会发生。（如果你在高点或附近买入，你的钱就没了。如果你持有一只股票，计划等待几个月甚至几年才能恢复。顽固的股东往往最终成为“持卡人”。</blockquote></p><p> <b>4. Take the money and run:</b>When you are holding a stock or option position that brings outsized profits, either sell half of your holding or all of it — but get out. I call this “selling at extremes.” Sell something when the profits are beyond your wildest expectations. We all know the story of the gambler who wins big at the casino, but doesn’t leave the table until all his money is gone. Know when to walk away from the computer. Profits are fleeting, especially when volatility skyrockets.</p><p><blockquote><b>4.拿了钱就跑：</b>当你持有一个能带来巨额利润的股票或期权头寸时，要么卖出一半，要么全部——但要退出。我看涨期权这个“极端销售”。当利润超出你最疯狂的预期时，卖掉一些东西。我们都知道一个赌徒的故事，他在赌场赢了大钱，但直到他所有的钱都花光了才离开牌桌。知道什么时候离开电脑。利润转瞬即逝，尤其是当波动性飙升时。</blockquote></p><p> <b>5.Trade small when making longshot trades (i.e. gambling):</b>GameStop and AMC were both big gambles, and for a time the trade worked if you were long. But if you bet wrong? I spoke to a few of these traders. One lost $8,000 on a single option contract. If he had traded his normal size (30 contracts), he told me, his losses would have been more than $240,000.</p><p><blockquote><b>5.进行长期交易（即赌博）时进行小额交易：</b>游戏驿站和AMC都是豪赌，有一段时间，如果你做多，交易就会奏效。但如果你赌错了呢？我和其中一些交易员谈过。一个人在一份期权合约上损失了8,000美元。他告诉我，如果他交易的是正常规模（30份合约），他的损失将超过24万美元。</blockquote></p><p> <b>6. Don’t expect this trading frenzy to keep happening:</b>It’s possible that a group of traders on the Reddit forum will band together for more bear- or bull raids. Except Treasury Secretary Janet Yellen and Fed Chair Jerome Powell are most likely creating new rules to prevent this from repeating. The Fed hates volatility and will do everything in its power to keep the markets calm. So once again, when you make big money on a trade, take the money as fast as you can — because you may not get the chance again.</p><p><blockquote><b>6.不要指望这种交易狂潮会一直发生：</b>Reddit论坛上的一群交易者可能会联合起来进行更多的熊市或牛市袭击。除了财政部长珍妮特·耶伦和美联储主席杰罗姆·鲍威尔很可能会制定新规则来防止这种情况再次发生。美联储讨厌波动，并将尽一切努力保持市场平静。所以，再一次，当你在一笔交易中赚了大钱时，尽快拿钱——因为你可能不会再有机会了。</blockquote></p><p> <b>7. Stop bragging about how much money you made</b>: Many traders who won big immediately bragged on social media (and to their jealous friends) about how much money they made on this trade. Yet the euphoric feeling they had was temporary. It usually goes away after all the money is gone. The smart (and polite) traders took their gains and kept the win to themselves</p><p><blockquote><b>7.不要吹嘘你赚了多少钱</b>：许多赢得大奖的交易者立即在社交媒体上（以及向嫉妒的朋友）吹嘘他们在这笔交易中赚了多少钱。然而，他们的兴奋感是暂时的。一般钱都没了就没了。聪明（和礼貌）的交易者拿走了他们的收益，并把胜利留给了自己</blockquote></p><p> <b>8. Use a time stop:</b>Time stops are not well-known or popular, but with fast-moving stocks (or when trading options), they are invaluable. In an extremely fast market, the traditional stop-limit order won’t get filled, as many of those meme-stock traders found out the hard way. Instead, after making a huge profit, set a day or time to sell. For example, you may sell the position by Friday no matter what (although selling at extremes is better — see Rule #4).</p><p><blockquote><b>8.使用时间停止：</b>时间止损并不出名或受欢迎，但对于快速波动的股票（或交易期权时），它们是无价的。在速度极快的市场中，传统的限价止损单不会被执行，正如许多模因股票交易者艰难地发现的那样。而是在获得巨额利润后，设定一个卖出的日期或时间。例如，无论如何，你都可以在周五之前卖出头寸（尽管在极端情况下卖出更好——见规则4）。</blockquote></p><p> <b>9. Sell half or all of the position:</b>It’s never an easy decision to know when to sell. If you sell too early, it’s annoying to watch the stock go higher. Sell too late and you lose money. Selling half of your holding is a reasonable alternative, but you must be prepared to sell the other half if the position goes against you.</p><p><blockquote><b>9.卖出一半或全部仓位：</b>知道何时出售从来都不是一个容易的决定。如果你卖得太早，看着股票走高会很烦人。卖得太晚，你就会赔钱。出售一半持股是一个合理的选择，但如果头寸对您不利，您必须准备好出售另一半。</blockquote></p><p></p><p> <b>10. Don’t seek revenge when you lose money on a stock:</b>It’s common for traders to seek revenge on a stock they lost money on. Do not fall for this emotional trap. If you lost money on a stock, let it go and move on.</p><p><blockquote><b>10.当你在股票上亏损时不要寻求报复：</b>交易者对亏损的股票进行报复是很常见的。不要落入这个情感陷阱。如果你在一只股票上亏了钱，就让它过去，继续前进。</blockquote></p><p> <b>11. Trade small after you made or lost big:</b>If you’re feeling emotional about a stock, including feelings of anger or revenge, trade small. Many people who hit it big in the market can’t help but make bigger and bigger bets. Just like the gamblers at a casino, they keep trading until all their money is gone.</p><p><blockquote><b>11.在你赚了大钱或亏了大钱之后进行小额交易：</b>如果您对一只股票感到情绪化，包括愤怒或报复的感觉，请少量交易。很多在市场上大获全胜的人，都忍不住下了越来越大的赌注。就像赌场里的赌徒一样，他们不断交易，直到所有的钱都花光。</blockquote></p><p> You don’t think it can happen to you? One of the greatest speculators in the world, Jesse Livermore, made $100 million dollars in a single week in 1929. He then lost all of his money within five years. He should have moved most of his profits out of the market after his big win and traded small for the next year. Instead, he got reckless and lost it all.</p><p><blockquote>你觉得这不会发生在你身上吗？1929年，世界上最伟大的投机者之一杰西·利弗莫尔在一周内赚了1亿美元。然后他在五年内失去了所有的钱。他应该在大获全胜后将大部分利润撤出市场，并在第二年进行小额交易。相反，他变得鲁莽，失去了一切。</blockquote></p><p> <b>12. Don’t take on too much risk:</b>Never invest or trade with so much money that if you lost, you’d lose your house or 401(k). Brokers told me about clients who cleared out their retirement funds or took cash advances on their credit cards so they could buy GameStop and AMC. Some won, some lost, but many took on way too much risk.</p><p><blockquote><b>12.不要承担太多风险：</b>永远不要用太多的钱投资或交易，如果你输了，你就会失去你的房子或401(k)。经纪人告诉我，一些客户清空了退休基金或从信用卡上预支现金，以便购买游戏驿站和AMC。有些人赢了，有些人输了，但许多人冒了太多的风险。</blockquote></p><p> <b>The meme-stock pyramid scheme</b></p><p><blockquote><b>模因股票金字塔计划</b></blockquote></p><p> Those who traded GameStop, AMC and other meme stocks thought they were trading, but they were actually participating in a gigantic pyramid scheme. Those who got in early and got out early probably did well. Those who entered late or held too long lost money.</p><p><blockquote>那些交易游戏驿站、AMC和其他模因股票的人以为他们在交易，但他们实际上是在参与一个巨大的金字塔计划。那些早进早出的人可能做得很好。那些进入较晚或持有时间过长的人亏损了。</blockquote></p><p> My advice: Review these 12 rules periodically. They are based on the experiences and the bad luck of thousands of other traders, including myself, who thought we were smarter than the market. In truth the market was smarter than us — because it always is.</p><p><blockquote>我的建议是：定期回顾这12条规则。它们是基于成千上万其他交易者的经验和坏运气，包括我自己，他们认为我们比市场更聪明。事实上，市场比我们聪明——因为它总是如此。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/these-12-lessons-from-the-gamestop-and-amc-frenzy-can-help-you-make-money-trading-stocks-or-at-least-lose-less-11612771522?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":{"AMC":"AMC院线",".DJI":"道琼斯","GME":"游戏驿站",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/these-12-lessons-from-the-gamestop-and-amc-frenzy-can-help-you-make-money-trading-stocks-or-at-least-lose-less-11612771522?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1149038980","content_text":"I can hear the cries from investors who racked up huge profits in GameStop or AMC Entertainment Holdings for a few hours or days, only to watch their gains evaporate.\nThis coordinated bull raid was initiated by thousands of retail investors on Reddit, a popular website forum. We heard stories of fortunes made and lost. The ones we didn’t hear were from the folks in-between — small retail traders and investors who suffered thousands of dollars (or more) in losses.\nFor those still holding GME or AMC, or for those eager to pounce on the next volatile meme stock, I offer the following advice based on personal experience and observations. These are the lessons you must know before you ever get involved in the stock or options market (or if you are holding a winning stock or option):\n1. Don’t sell stocks or options on products you don’t own:The traders who lost the most money in GameStop and AMC were those who sold “naked” calls and puts (i.e. they sold options on stocks they didn’t own), or those who sold shares short (again, they sold shares on a stock they didn’t own). When using this extremely risky strategy, you can make a fortune if you’re right. If you’re wrong, the losses can be incalculable. In reality, some unwary traders lost tens of thousands of dollars last week on positions that cost a few thousand dollars. Once again, don’t sell anything naked unless you’re a professional, and in this case even the pros lost big on that risky bet.\n2. Sell at the “zero point.”  Here’s a rule I created: If you have huge gains that disappear and you are at the zero point (i.e. break-even), sell before you have real losses. It’s better to walk away at zero than with losses.\n3. Don’t be a stubborn seller:Why is it so hard for most traders to walk away at the zero point? Stubbornness. Many traders made huge gains last week only to watch those profits disappear. They refused to sell because they hoped to make their money back. If holding options, that’s not going to happen. (If you bought at or near the high, your money is gone. If you hold a stock, plan to wait months or even years to recover. Stubborn stockholders often end up as “stuckholders.”\n4. Take the money and run:When you are holding a stock or option position that brings outsized profits, either sell half of your holding or all of it — but get out. I call this “selling at extremes.” Sell something when the profits are beyond your wildest expectations. We all know the story of the gambler who wins big at the casino, but doesn’t leave the table until all his money is gone. Know when to walk away from the computer. Profits are fleeting, especially when volatility skyrockets.\n5.Trade small when making longshot trades (i.e. gambling):GameStop and AMC were both big gambles, and for a time the trade worked if you were long. But if you bet wrong? I spoke to a few of these traders. One lost $8,000 on a single option contract. If he had traded his normal size (30 contracts), he told me, his losses would have been more than $240,000.\n6. Don’t expect this trading frenzy to keep happening:It’s possible that a group of traders on the Reddit forum will band together for more bear- or bull raids. Except Treasury Secretary Janet Yellen and Fed Chair Jerome Powell are most likely creating new rules to prevent this from repeating. The Fed hates volatility and will do everything in its power to keep the markets calm. So once again, when you make big money on a trade, take the money as fast as you can — because you may not get the chance again.\n7. Stop bragging about how much money you made: Many traders who won big immediately bragged on social media (and to their jealous friends) about how much money they made on this trade. Yet the euphoric feeling they had was temporary. It usually goes away after all the money is gone. The smart (and polite) traders took their gains and kept the win to themselves\n8. Use a time stop:Time stops are not well-known or popular, but with fast-moving stocks (or when trading options), they are invaluable. In an extremely fast market, the traditional stop-limit order won’t get filled, as many of those meme-stock traders found out the hard way. Instead, after making a huge profit, set a day or time to sell. For example, you may sell the position by Friday no matter what (although selling at extremes is better — see Rule #4).\n9. Sell half or all of the position:It’s never an easy decision to know when to sell. If you sell too early, it’s annoying to watch the stock go higher. Sell too late and you lose money. Selling half of your holding is a reasonable alternative, but you must be prepared to sell the other half if the position goes against you.\n10. Don’t seek revenge when you lose money on a stock:It’s common for traders to seek revenge on a stock they lost money on. Do not fall for this emotional trap. If you lost money on a stock, let it go and move on.\n11. Trade small after you made or lost big:If you’re feeling emotional about a stock, including feelings of anger or revenge, trade small. Many people who hit it big in the market can’t help but make bigger and bigger bets. Just like the gamblers at a casino, they keep trading until all their money is gone.\nYou don’t think it can happen to you? One of the greatest speculators in the world, Jesse Livermore, made $100 million dollars in a single week in 1929. He then lost all of his money within five years. He should have moved most of his profits out of the market after his big win and traded small for the next year. Instead, he got reckless and lost it all.\n12. Don’t take on too much risk:Never invest or trade with so much money that if you lost, you’d lose your house or 401(k). Brokers told me about clients who cleared out their retirement funds or took cash advances on their credit cards so they could buy GameStop and AMC. Some won, some lost, but many took on way too much risk.\nThe meme-stock pyramid scheme\nThose who traded GameStop, AMC and other meme stocks thought they were trading, but they were actually participating in a gigantic pyramid scheme. Those who got in early and got out early probably did well. Those who entered late or held too long lost money.\nMy advice: Review these 12 rules periodically. They are based on the experiences and the bad luck of thousands of other traders, including myself, who thought we were smarter than the market. In truth the market was smarter than us — because it always is.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"AMC":0.9,".DJI":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":3408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365826670,"gmtCreate":1614729036490,"gmtModify":1703480335977,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Past few weeks seems to show a similar pattern. On Monday high percentage gains early, but losing steam later. So might be good idea to capitalise on this pattern. Good luck everyone!","listText":"Past few weeks seems to show a similar pattern. On Monday high percentage gains early, but losing steam later. So might be good idea to capitalise on this pattern. Good luck everyone!","text":"Past few weeks seems to show a similar pattern. On Monday high percentage gains early, but losing steam later. So might be good idea to capitalise on this pattern. Good luck everyone!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365826670","repostId":"1117949321","repostType":4,"isVote":1,"tweetType":1,"viewCount":3569,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362382552,"gmtCreate":1614597287676,"gmtModify":1703478639526,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Good news for equities","listText":"Good news for equities","text":"Good news for equities","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/362382552","repostId":"1135866043","repostType":4,"isVote":1,"tweetType":1,"viewCount":4088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385606180,"gmtCreate":1613537635940,"gmtModify":1634553242458,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"AAPL not looking good in the short term.&nbsp;","listText":"AAPL not looking good in the short term.&nbsp;","text":"AAPL not looking good in the short term.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/385606180","repostId":"1174381857","repostType":4,"isVote":1,"tweetType":1,"viewCount":2992,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310480210,"gmtCreate":1611349280330,"gmtModify":1703750135983,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"themes":[],"title":"","htmlText":"Watch this. Shipping is expected to recover on 2021.","listText":"Watch this. Shipping is expected to recover on 2021.","text":"Watch this. Shipping is expected to recover on 2021.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/310480210","repostId":"2105432206","repostType":2,"repost":{"id":"2105432206","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1611229165,"share":"https://www.laohu8.com/m/news/2105432206?lang=zh_CN&edition=full","pubTime":"2021-01-21 19:39","market":"us","language":"en","title":"BRIEF-DHT Holdings, Inc. Announces Acquisition Of Two Vlccs<blockquote>简介-DHT Holdings, Inc. 宣布收购两艘 VLCC</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2105432206","media":"Reuters","summary":"Jan 21 (Reuters) - DHT Holdings Inc   :   * DHT HOLDINGS, INC. ANNOUNCES ACQUISITION OF TWO VLCCS   ","content":"<p><html><body>Jan 21 (Reuters) - DHT Holdings Inc   :</p><p><blockquote><html><body>1 月 21 日（路透社） - DHT Holdings Inc：</body></html></blockquote></p><p>   * DHT HOLDINGS, INC. ANNOUNCES ACQUISITION OF TWO VLCCS</p><p><blockquote>* DHT控股公司。宣布收购两艘 VLCC</blockquote></p><p>   * DHT HOLDINGS INC - ENTERED INTO AGREEMENT TO ACQUIRE TWO VLCCS BUILT IN 2016 AT DSME (DAEWOO) FOR A TOTAL OF $136 MILLION</p><p><blockquote>* DHT HOLDINGS INC - 签订协议，以总计 1.36 亿美元收购 DSME（大宇）于 2016 年建造的两艘 VLCC</blockquote></p><p>   * DHT HOLDINGS INC - CO WILL FINANCE ACQUISITION WITH AVAILABLE LIQUIDITY AND PROJECTED MORTGAGE DEBT</p><p><blockquote>* DHT HOLDINGS INC - CO 将以可用流动资金和预计抵押债务为收购提供资金</blockquote></p><p>   * DHT HOLDINGS INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO DHT'S EARNINGS PER SHARE</p><p><blockquote>* DHT HOLDINGS INC - 收购预期可增加DHT的每股盈利</blockquote></p><p>Source text for Eikon:    Further company coverage:   </p><p><blockquote>Eikon 的源文本：进一步的公司报道：</blockquote></p><p> ((Reuters.Briefs@thomsonreuters.com;))</p><p><blockquote>((Reuters.Briefs@thomsonreuters.com;))</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-DHT Holdings, Inc. Announces Acquisition Of Two Vlccs<blockquote>简介-DHT Holdings, Inc. 宣布收购两艘 VLCC</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\">\nBRIEF-DHT Holdings, Inc. Announces Acquisition Of Two Vlccs<blockquote>简介-DHT Holdings, Inc. 宣布收购两艘 VLCC</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2021-01-21 19:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><body>Jan 21 (Reuters) - DHT Holdings Inc   :</p><p><blockquote><html><body>1 月 21 日（路透社） - DHT Holdings Inc：</body></html></blockquote></p><p>   * DHT HOLDINGS, INC. ANNOUNCES ACQUISITION OF TWO VLCCS</p><p><blockquote>* DHT控股公司。宣布收购两艘 VLCC</blockquote></p><p>   * DHT HOLDINGS INC - ENTERED INTO AGREEMENT TO ACQUIRE TWO VLCCS BUILT IN 2016 AT DSME (DAEWOO) FOR A TOTAL OF $136 MILLION</p><p><blockquote>* DHT HOLDINGS INC - 签订协议，以总计 1.36 亿美元收购 DSME（大宇）于 2016 年建造的两艘 VLCC</blockquote></p><p>   * DHT HOLDINGS INC - CO WILL FINANCE ACQUISITION WITH AVAILABLE LIQUIDITY AND PROJECTED MORTGAGE DEBT</p><p><blockquote>* DHT HOLDINGS INC - CO 将以可用流动资金和预计抵押债务为收购提供资金</blockquote></p><p>   * DHT HOLDINGS INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO DHT'S EARNINGS PER SHARE</p><p><blockquote>* DHT HOLDINGS INC - 收购预期可增加DHT的每股盈利</blockquote></p><p>Source text for Eikon:    Further company coverage:   </p><p><blockquote>Eikon 的源文本：进一步的公司报道：</blockquote></p><p> ((Reuters.Briefs@thomsonreuters.com;))</p><p><blockquote>((Reuters.Briefs@thomsonreuters.com;))</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DHT":"DHT控股"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2105432206","content_text":"Jan 21 (Reuters) - DHT Holdings Inc   :   * DHT HOLDINGS, INC. ANNOUNCES ACQUISITION OF TWO VLCCS   * DHT HOLDINGS INC - ENTERED INTO AGREEMENT TO ACQUIRE TWO VLCCS BUILT IN 2016 AT DSME (DAEWOO) FOR A TOTAL OF $136 MILLION   * DHT HOLDINGS INC - CO WILL FINANCE ACQUISITION WITH AVAILABLE LIQUIDITY AND PROJECTED MORTGAGE DEBT   * DHT HOLDINGS INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO DHT'S EARNINGS PER SHARESource text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","news_type":1,"symbols_score_info":{"DHT":0.9}},"isVote":1,"tweetType":1,"viewCount":2189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}