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2021-08-03

Like commentty

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2021-07-29

Lnice like

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2021-07-27

Gogo

@Brugelion:$3CNERGY LIMITED(502.SI)$Go go go

2021-07-27

Like thx

7 Stocks To Watch For July 27, 2021<blockquote>2021年7月27日值得关注的7只股票</blockquote>

2021-07-21

Comment like

Energy stocks gain in morning trading<blockquote>能源股早盘上涨</blockquote>

2021-07-20

Com like plss ty

Stocks That Hit 52-Week Highs On Tuesday<blockquote>周二触及52周高点的股票</blockquote>

2021-07-19

Like commeny ty

Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World<blockquote>华尔街罪与罚：托马斯·F·奎因的疯狂、疯狂、疯狂、疯狂的世界</blockquote>

2021-07-16

Like comment thankssss meow

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2021-07-15

Ok

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2021-07-14

Like comment

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2021-07-11

Like com

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2021-07-09

Nice meow

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2021-07-06

Meow

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2021-07-06

Pls

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2021-07-01

Nice man

Will Exxon Mobil Stock Split Again? What To Know<blockquote>埃克森美孚会再次进行股票分割吗？要知道什么</blockquote>

2021-06-29

Rip man

Here’s what inflation’s spike means for stocks now<blockquote>这就是通胀飙升对股市的意义</blockquote>

2021-06-29

Get rich

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2021-06-29

Good

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2021-06-26

Okok

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2021-06-24

Its great

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thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/809405017","repostId":"2154899497","repostType":4,"repost":{"id":"2154899497","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1627377481,"share":"https://www.laohu8.com/m/news/2154899497?lang=zh_CN&edition=full","pubTime":"2021-07-27 17:18","market":"us","language":"en","title":"7 Stocks To Watch For July 27, 2021<blockquote>2021年7月27日值得关注的7只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2154899497","media":"Benzinga","summary":"Some of the stocks that may grab investor focus today are:\n\tWall Street expects  General Electric Company (NYSE: GE) to report quarterly earnings at $0.04 per share on revenue of $18.13 billion before the opening bell. GE shares rose 0.8% to $13.02 in after-hours trading.\n","content":"<p>Some of the stocks that may grab investor focus today are:</p><p><blockquote>今天可能引起投资者关注的一些股票包括：</blockquote></p><p> <ul>  <li>Wall Street expects <b>General Electric Company</b> (NYSE:GE) to report quarterly earnings at $0.04 per share on revenue of $18.13 billion before the opening bell. GE shares rose 0.8% to $13.02 in after-hours trading.</li>  <li>Analysts are expecting <b>Apple Inc</b> (NASDAQ:AAPL) to have earned $1.00 per share on revenue of $72.93 billion for the latest quarter. The company will release earnings after the markets close. Apple shares gained 0.2% to $149.26 in after-hours trading.</li>  <li><b>Tesla Inc</b> (NASDAQ:TSLA) reported stronger-than-expected results for its second quarter on Monday. Total vehicle production totaled 206,421, up 151% year over year. Deliveries in the second quarter were up 121% year-over-year to 201,304. Tesla shares gained 1% to $664.16 in the after-hours trading session.</li> </ul> <ul>  <li>After the closing bell, <b>Alphabet Inc</b> (NASDAQ:GOOGL) is projected to post quarterly earnings at $19.21 per share on revenue of $56.02 billion. Alphabet shares gained 0.5% to $2,694.00 in after-hours trading.</li>  <li>Analysts expect <b><a href=\"https://laohu8.com/S/MMM\">3M</a> Co</b> (NYSE:MMM) to report quarterly earnings at $2.26 per share on revenue of $8.55 billion before the opening bell. 3M shares slipped 0.1% to $201.50 in after-hours trading.</li>  <li><b>F5 Networks</b> (NASDAQ:FFIV) reported upbeat results for its third quarter. The company also said it sees Q4 adjusted earnings of $2.68 to $2.80 per share on sales of $660 million to $680 million. F5 Networks shares surged 6.1% to $204.27 in the after-hours trading session.</li>  <li>Analysts expect <b>Microsoft Corporation</b> (NASDAQ:MSFT) to post quarterly earnings at $1.90 per share on revenue of $44.10 billion after the closing bell. Microsoft shares rose 0.2% to $289.62 in after-hours trading.</li> </ul></p><p><blockquote><ul><li>华尔街预计<b>通用电气公司</b>（纽约证券交易所股票代码：GE）将在开盘前公布季度收益为每股0.04美元，营收为181.3亿美元。GE股价在盘后交易中上涨0.8%，至13.02美元。</li><li>分析师预计<b>苹果公司</b>（纳斯达克股票代码：AAPL）最近一个季度的营收为729.3亿美元，每股收益为1.00美元。该公司将在收盘后发布财报。苹果股价在盘后交易中上涨0.2%，至149.26美元。</li><li><b>特斯拉公司</b>（纳斯达克：TSLA）周一公布了强于预期的第二季度业绩。汽车总产量206,421辆，同比增长151%。第二季度交付量同比增长121%至201,304辆。特斯拉股价在盘后交易时段上涨1%，至664.16美元。</li></ul><ul><li>收盘后，<b>Alphabet公司</b>（纳斯达克：GOOGL）预计季度收益为每股19.21美元，营收为560.2亿美元。Alphabet股价在盘后交易中上涨0.5%，至2,694.00美元。</li><li>分析师预计<b><a href=\"https://laohu8.com/S/MMM\">3M</a>Co</b>（纽约证券交易所股票代码：3M）将在开盘前公布季度收益为每股2.26美元，营收为85.5亿美元。3M股价在盘后交易中下跌0.1%，至201.50美元。</li><li><b>F5网络</b>（纳斯达克：FFIV）公布了乐观的第三季度业绩。该公司还表示，预计第四季度调整后每股收益为2.68美元至2.80美元，销售额为6.6亿美元至6.8亿美元。F5 Networks股价在盘后交易时段飙升6.1%至204.27美元。</li><li>分析师预计<b>微软公司</b>（纳斯达克股票代码：MSFT）收盘后公布季度收益为每股1.90美元，营收为441亿美元。微软股价在盘后交易中上涨0.2%，至289.62美元。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Stocks To Watch For July 27, 2021<blockquote>2021年7月27日值得关注的7只股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Stocks To Watch For July 27, 2021<blockquote>2021年7月27日值得关注的7只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-07-27 17:18</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Some of the stocks that may grab investor focus today are:</p><p><blockquote>今天可能引起投资者关注的一些股票包括：</blockquote></p><p> <ul>  <li>Wall Street expects <b>General Electric Company</b> (NYSE:GE) to report quarterly earnings at $0.04 per share on revenue of $18.13 billion before the opening bell. GE shares rose 0.8% to $13.02 in after-hours trading.</li>  <li>Analysts are expecting <b>Apple Inc</b> (NASDAQ:AAPL) to have earned $1.00 per share on revenue of $72.93 billion for the latest quarter. The company will release earnings after the markets close. Apple shares gained 0.2% to $149.26 in after-hours trading.</li>  <li><b>Tesla Inc</b> (NASDAQ:TSLA) reported stronger-than-expected results for its second quarter on Monday. Total vehicle production totaled 206,421, up 151% year over year. Deliveries in the second quarter were up 121% year-over-year to 201,304. Tesla shares gained 1% to $664.16 in the after-hours trading session.</li> </ul> <ul>  <li>After the closing bell, <b>Alphabet Inc</b> (NASDAQ:GOOGL) is projected to post quarterly earnings at $19.21 per share on revenue of $56.02 billion. Alphabet shares gained 0.5% to $2,694.00 in after-hours trading.</li>  <li>Analysts expect <b><a href=\"https://laohu8.com/S/MMM\">3M</a> Co</b> (NYSE:MMM) to report quarterly earnings at $2.26 per share on revenue of $8.55 billion before the opening bell. 3M shares slipped 0.1% to $201.50 in after-hours trading.</li>  <li><b>F5 Networks</b> (NASDAQ:FFIV) reported upbeat results for its third quarter. The company also said it sees Q4 adjusted earnings of $2.68 to $2.80 per share on sales of $660 million to $680 million. F5 Networks shares surged 6.1% to $204.27 in the after-hours trading session.</li>  <li>Analysts expect <b>Microsoft Corporation</b> (NASDAQ:MSFT) to post quarterly earnings at $1.90 per share on revenue of $44.10 billion after the closing bell. Microsoft shares rose 0.2% to $289.62 in after-hours trading.</li> </ul></p><p><blockquote><ul><li>华尔街预计<b>通用电气公司</b>（纽约证券交易所股票代码：GE）将在开盘前公布季度收益为每股0.04美元，营收为181.3亿美元。GE股价在盘后交易中上涨0.8%，至13.02美元。</li><li>分析师预计<b>苹果公司</b>（纳斯达克股票代码：AAPL）最近一个季度的营收为729.3亿美元，每股收益为1.00美元。该公司将在收盘后发布财报。苹果股价在盘后交易中上涨0.2%，至149.26美元。</li><li><b>特斯拉公司</b>（纳斯达克：TSLA）周一公布了强于预期的第二季度业绩。汽车总产量206,421辆，同比增长151%。第二季度交付量同比增长121%至201,304辆。特斯拉股价在盘后交易时段上涨1%，至664.16美元。</li></ul><ul><li>收盘后，<b>Alphabet公司</b>（纳斯达克：GOOGL）预计季度收益为每股19.21美元，营收为560.2亿美元。Alphabet股价在盘后交易中上涨0.5%，至2,694.00美元。</li><li>分析师预计<b><a href=\"https://laohu8.com/S/MMM\">3M</a>Co</b>（纽约证券交易所股票代码：3M）将在开盘前公布季度收益为每股2.26美元，营收为85.5亿美元。3M股价在盘后交易中下跌0.1%，至201.50美元。</li><li><b>F5网络</b>（纳斯达克：FFIV）公布了乐观的第三季度业绩。该公司还表示，预计第四季度调整后每股收益为2.68美元至2.80美元，销售额为6.6亿美元至6.8亿美元。F5 Networks股价在盘后交易时段飙升6.1%至204.27美元。</li><li>分析师预计<b>微软公司</b>（纳斯达克股票代码：MSFT）收盘后公布季度收益为每股1.90美元，营收为441亿美元。微软股价在盘后交易中上涨0.2%，至289.62美元。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GE":"GE航空航天","09086":"华夏纳指-U","FFIV":"F5 Inc","QNETCN":"纳斯达克中美互联网老虎指数","03086":"华夏纳指","MMM":"3M","GOOG":"谷歌","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154899497","content_text":"Some of the stocks that may grab investor focus today are:\n\nWall Street expects General Electric Company (NYSE:GE) to report quarterly earnings at $0.04 per share on revenue of $18.13 billion before the opening bell. GE shares rose 0.8% to $13.02 in after-hours trading.\nAnalysts are expecting Apple Inc (NASDAQ:AAPL) to have earned $1.00 per share on revenue of $72.93 billion for the latest quarter. The company will release earnings after the markets close. Apple shares gained 0.2% to $149.26 in after-hours trading.\nTesla Inc (NASDAQ:TSLA) reported stronger-than-expected results for its second quarter on Monday. Total vehicle production totaled 206,421, up 151% year over year. Deliveries in the second quarter were up 121% year-over-year to 201,304. Tesla shares gained 1% to $664.16 in the after-hours trading session.\n\n\nAfter the closing bell, Alphabet Inc (NASDAQ:GOOGL) is projected to post quarterly earnings at $19.21 per share on revenue of $56.02 billion. Alphabet shares gained 0.5% to $2,694.00 in after-hours trading.\nAnalysts expect 3M Co (NYSE:MMM) to report quarterly earnings at $2.26 per share on revenue of $8.55 billion before the opening bell. 3M shares slipped 0.1% to $201.50 in after-hours trading.\nF5 Networks (NASDAQ:FFIV) reported upbeat results for its third quarter. The company also said it sees Q4 adjusted earnings of $2.68 to $2.80 per share on sales of $660 million to $680 million. F5 Networks shares surged 6.1% to $204.27 in the after-hours trading session.\nAnalysts expect Microsoft Corporation (NASDAQ:MSFT) to post quarterly earnings at $1.90 per share on revenue of $44.10 billion after the closing bell. Microsoft shares rose 0.2% to $289.62 in after-hours trading.","news_type":1,"symbols_score_info":{"09086":0.9,"GE":0.9,"GOOG":0.9,"QNETCN":0.9,"MMM":0.9,"03086":0.9,"FFIV":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":3501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176838673,"gmtCreate":1626875557392,"gmtModify":1631891184596,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Comment like","listText":"Comment like","text":"Comment like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/176838673","repostId":"1151816705","repostType":4,"repost":{"id":"1151816705","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626875217,"share":"https://www.laohu8.com/m/news/1151816705?lang=zh_CN&edition=full","pubTime":"2021-07-21 21:46","market":"us","language":"en","title":"Energy stocks gain in morning trading<blockquote>能源股早盘上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151816705","media":"Tiger Newspress","summary":"(July 21) Energy stocks gain in morning trading, Futures of Brent crude oil climbed over 2% to $68.9","content":"<p>(July 21)&nbsp;Energy stocks gain in morning trading,&nbsp;Futures of Brent crude oil climbed over 2% to $68.98 a barrel.</p><p><blockquote>（7月21日）能源股早盘上涨，布伦特原油期货攀升逾2%，至每桶68.98美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/34e146a311ad98f1b9fce2ecc76f97e9\" tg-width=\"303\" tg-height=\"205\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <img src=\"https://static.tigerbbs.com/21b102daa173644cf1279b33fee9c41a\" tg-width=\"1080\" tg-height=\"1868\" width=\"100%\" height=\"auto\"></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>Energy stocks gain in morning trading<blockquote>能源股早盘上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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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\">\nEnergy stocks gain in morning trading<blockquote>能源股早盘上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-07-21 21:46</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(July 21)&nbsp;Energy stocks gain in morning trading,&nbsp;Futures of Brent crude oil climbed over 2% to $68.98 a barrel.</p><p><blockquote>（7月21日）能源股早盘上涨，布伦特原油期货攀升逾2%，至每桶68.98美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/34e146a311ad98f1b9fce2ecc76f97e9\" tg-width=\"303\" tg-height=\"205\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <img src=\"https://static.tigerbbs.com/21b102daa173644cf1279b33fee9c41a\" tg-width=\"1080\" tg-height=\"1868\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/80c13588f559343a96ce06d72d3cf4d5","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151816705","content_text":"(July 21) Energy stocks gain in morning trading, Futures of Brent crude oil climbed over 2% to $68.98 a barrel.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178162251,"gmtCreate":1626792509773,"gmtModify":1631891184609,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Com like plss ty","listText":"Com like plss ty","text":"Com like plss ty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/178162251","repostId":"1155810329","repostType":4,"repost":{"id":"1155810329","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626791723,"share":"https://www.laohu8.com/m/news/1155810329?lang=zh_CN&edition=full","pubTime":"2021-07-20 22:35","market":"us","language":"en","title":"Stocks That Hit 52-Week Highs On Tuesday<blockquote>周二触及52周高点的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155810329","media":"Benzinga","summary":"On Tuesday morning, 54 companies achieved new highs for the year.\nNoteworthy Mentions:\n\nThe largest ","content":"<p>On Tuesday morning, 54 companies achieved new highs for the year.</p><p><blockquote>周二上午，54家公司创年内新高。</blockquote></p><p> Noteworthy Mentions:</p><p><blockquote>值得一提的是：</blockquote></p><p> <ul>  <li>The largest company by market cap to set a new 52-week high was<b>Costco Wholesale</b>(NASDAQ:COST).</li>  <li>The smallest company when considering market cap to set a new 52-week high was<b><a href=\"https://laohu8.com/S/EQS\">Equus Total Return</a></b>(NYSE:EQS).</li>  <li><b>PLx Pharma</b>(NASDAQ:PLXP)'s stock made the biggest move upwards, moving 16.28% to reach a new 52-week high.</li> </ul> The following stocks set new 52-week highs during the first half-hour of trading on Tuesday:</p><p><blockquote><ul><li>创下52周新高的市值最大公司是<b>好市多批发</b>（纳斯达克：成本）。</li><li>考虑市值创下52周新高时规模最小的公司是<b><a href=\"https://laohu8.com/S/EQS\">雅科仕总回报</a></b>（纽约证券交易所代码：EQS）。</li><li><b>PLx制药</b>（纳斯达克：PLXP）的股价涨幅最大，上涨16.28%，创下52周新高。</li></ul>以下股票在周二交易的前半小时创下52周新高：</blockquote></p><p></p><p> <ul>  <li><b>Costco Wholesale</b>(NASDAQ:COST) shares broke to a new 52-week high of $416.75 on Tuesday. Shares of the company traded up 0.5%.</li>  <li><b>Moderna</b>(NASDAQ:MRNA) shares were up 6.55% on Tuesday morning to hit a new 52-week high of $335.85.</li>  <li><b>Crown Castle Intl</b>(NYSE:CCI) shares were up 1.14% for the day, having made a 52-week high of $204.62.</li>  <li><b>HCA Healthcare</b>(NYSE:HCA) stock made a new 52-week high of $249.58 Tuesday. The stock was up 11.21% for the day.</li>  <li><b>IDEXX Laboratories</b>(NASDAQ:IDXX) shares were up 0.35% on Tuesday morning to hit a new 52-week high of $672.33.</li>  <li><b>Dollar General</b>(NYSE:DG) shares broke to $227.16 on Tuesday, setting a new 52-week high with a change of up 0.95%.</li>  <li><b>O'Reilly Automotive</b>(NASDAQ:ORLY) stock made a new 52-week high of $608.10 Tuesday. The stock was up 1.86% for the day.</li>  <li><b>Hershey</b>(NYSE:HSY) stock set a new 52-week high of $182.22 Tuesday morning. Over the session, the stock traded up 1.23%.</li>  <li><b>ResMed</b>(NYSE:RMD) shares achieved a new 52-week high on Tuesday morning, hitting $255.70 with a daily change of up 0.82%.</li>  <li><b>SBA Communications</b>(NASDAQ:SBAC) stock on Tuesday broke to a yearly high of $337.98. Shares traded up 0.68%.</li>  <li><b>Copart</b>(NASDAQ:CPRT) stock made a new 52-week high of $141.72 Tuesday. The stock was up 0.89% for the day.</li>  <li><b>AvalonBay Communities</b>(NYSE:AVB) shares were up 1.78% on Tuesday to hit a new 52-week high of $227.75 for a change of up 1.78%.</li>  <li><b>Equity Residential</b>(NYSE:EQR) shares broke to a new 52-week high of $84.06 on Tuesday. Shares of the company traded up 1.6%.</li>  <li><b>Alexandria Real Estate</b>(NYSE:ARE) shares were up 1.23% on Tuesday to hit a new 52-week high of $194.68 for a change of up 1.23%.</li>  <li><b><a href=\"https://laohu8.com/S/WORK\">Slack Technologies</a></b>(NYSE:WORK) stock set a new 52-week high of $45.28 Tuesday morning. Over the session, the stock traded up 0.2%.</li>  <li><b>Dover</b>(NYSE:DOV) shares reached a new 52-week high of $159.66 on Tuesday morning, moving up 4.53%.</li>  <li><b>Mid-America Apartment</b>(NYSE:MAA) shares were up 1.33% for the day, having made a 52-week high of $185.68.</li>  <li><b>Tyler Technologies</b>(NYSE:TYL) shares broke to a new 52-week high of $486.21 on Tuesday. Shares of the company traded up 0.36%.</li>  <li><b><a href=\"https://laohu8.com/S/DEX.AU\">Duke</a> Realty</b>(NYSE:DRE) stock set a new 52-week high of $51.06 Tuesday morning. Over the session, the stock traded up 1.61%.</li>  <li><b>UDR</b>(NYSE:UDR) shares hit a yearly high of $53.98. The stock traded up 1.97% on the session.</li>  <li><b>Equity Lifestyle Props</b>(NYSE:ELS) shares hit a yearly high of $81.54. The stock traded up 2.83% on the session.</li>  <li><b>Alliant Energy</b>(NASDAQ:LNT) stock made a new 52-week high of $59.23 Tuesday. The stock was up 1.81% for the day.</li>  <li><b>Camden Prop Trust</b>(NYSE:CPT) shares broke to $145.58 on Tuesday, setting a new 52-week high with a change of up 1.58%.</li>  <li><b><a href=\"https://laohu8.com/S/PFPT\">Proofpoint</a></b>(NASDAQ:PFPT) stock made a new 52-week high of $174.79 Tuesday. The stock was up 0.03% for the day.</li>  <li><b>Service Corp Intl</b>(NYSE:SCI) shares reached a new 52-week high of $57.96 on Tuesday morning, moving up 2.71%.</li>  <li><b><a href=\"https://laohu8.com/S/AN\">AutoNation</a></b>(NYSE:AN) shares were up 5.58% for the day, having made a 52-week high of $113.09.</li>  <li><b>Rexford Industrial Realty</b>(NYSE:REXR) shares hit a yearly high of $60.10. The stock traded up 2.15% on the session.</li>  <li><b>Tenet Healthcare</b>(NYSE:THC) shares hit a yearly high of $71.56. The stock traded up 9.02% on the session.</li>  <li><b>First Industrial Realty</b>(NYSE:FR) shares broke to a new 52-week high of $54.94 on Tuesday. Shares of the company traded up 1.67%.</li>  <li><b>Legend Biotech</b>(NASDAQ:LEGN) shares were up 1.91% on Tuesday to hit a new 52-week high of $45.91 for a change of up 1.91%.</li>  <li><b>Rapid7</b>(NASDAQ:RPD) shares broke to a new 52-week high of $107.18 on Tuesday. Shares of the company traded up 3.12%.</li>  <li><b>Idacorp</b>(NYSE:IDA) shares were up 2.14% on Tuesday to hit a new 52-week high of $105.08 for a change of up 2.14%.</li>  <li><b>Agree Realty</b>(NYSE:ADC) stock on Tuesday broke to a yearly high of $74.10. Shares traded up 1.59%.</li>  <li><b>W R Grace</b>(NYSE:GRA) shares were up 0.17% on Tuesday morning to hit a new 52-week high of $69.73.</li>  <li><b>American States Water</b>(NYSE:AWR) shares broke to $87.10 on Tuesday, setting a new 52-week high with a change of up 1.82%.</li>  <li><b>Prestige Consumer</b>(NYSE:PBH) shares set a new yearly high of $53.70 this morning. The stock was up 3.27% on the session.</li>  <li><b>Covanta Holding</b>(NYSE:CVA) shares set a new 52-week high of $20.08 on Tuesday, moving up 0.13%.</li>  <li><b>Heska</b>(NASDAQ:HSK</p><p><blockquote><ul><li><b>好市多批发</b>（纳斯达克：COST）股价周二突破52周新高416.75美元。该公司股价上涨0.5%。</li><li><b>现代</b>（纳斯达克：MRNA）股价周二上午上涨6.55%，创下335.85美元的52周新高。</li><li><b>皇冠城堡国际机场</b>(NYSE：CCI)股价当天上涨1.14%，创下204.62美元的52周高点。</li><li><b>HCA医疗保健</b>（纽约证券交易所代码：HCA）股价周二创下249.58美元的52周新高。该股当日上涨11.21%。</li><li><b>IDEXX实验室</b>（纳斯达克股票代码：IDXX）股价周二上午上涨0.35%，创下672.33美元的52周新高。</li><li><b>美元将军</b>（纽约证券交易所代码：DG）股价周二突破227.16美元，创下52周新高，涨幅为0.95%。</li><li><b>奥莱利汽车公司</b>（纳斯达克：ORLY）股价周二创下608.10美元的52周新高。该股当日上涨1.86%。</li><li><b>赫尔希</b>（纽约证券交易所代码：HSY）股价周二上午创下182.22美元的52周新高。盘中，该股上涨1.23%。</li><li><b>瑞斯迈德</b>（纽约证券交易所代码：RMD）股价周二上午创下52周新高，触及255.70美元，日涨幅为0.82%。</li><li><b>SBA通信</b>（纳斯达克：SBAC）股价周二突破337.98美元的年度高点。股价上涨0.68%。</li><li><b>科帕特</b>（纳斯达克：CPRT）股价周二创下141.72美元的52周新高。该股当日上涨0.89%。</li><li><b>阿瓦隆湾社区</b>（纽约证券交易所代码：AVB）股价周二上涨1.78%，创下227.75美元的52周新高，涨幅为1.78%。</li><li><b>股权住宅</b>（纽约证券交易所代码：EQR）股价周二突破52周新高84.06美元。该公司股价上涨1.6%。</li><li><b>亚历山大房地产</b>（纽约证券交易所代码：ARE）股价周二上涨1.23%，创下194.68美元的52周新高，涨幅为1.23%。</li><li><b><a href=\"https://laohu8.com/S/WORK\">Slack技术</a></b>（纽约证券交易所代码：WORK）股价周二上午创下45.28美元的52周新高。盘中，该股上涨0.2%。</li><li><b>多佛</b>（纽约证券交易所代码：DOV）股价周二上午创下159.66美元的52周新高，上涨4.53%。</li><li><b>中美洲公寓</b>(NYSE：MAA)股价当天上涨1.33%，创下185.68美元的52周高点。</li><li><b>泰勒技术公司</b>（纽约证券交易所代码：TYL）股价周二突破486.21美元的52周新高。该公司股价上涨0.36%。</li><li><b><a href=\"https://laohu8.com/S/DEX.AU\">公爵</a>房地产</b>（纽约证券交易所代码：DRE）股价周二上午创下51.06美元的52周新高。盘中，该股上涨1.61%。</li><li><b>UDR</b>（纽约证券交易所代码：UDR）股价触及53.98美元的年度高点。该股盘中上涨1.97%。</li><li><b>股权生活道具</b>（纽约证券交易所代码：ELS）股价触及81.54美元的年度高点。该股盘中上涨2.83%。</li><li><b>联合能源</b>（纳斯达克：LNT）股价周二创下59.23美元的52周新高。该股当日上涨1.81%。</li><li><b>卡姆登道具信托</b>（纽约证券交易所代码：CPT）股价周二突破145.58美元，创下52周新高，涨幅为1.58%。</li><li><b><a href=\"https://laohu8.com/S/PFPT\">证明点</a></b>（纳斯达克：PFPT）股价周二创下174.79美元的52周新高。该股当日上涨0.03%。</li><li><b>国际服务公司</b>（纽约证券交易所代码：SCI）股价周二上午创下57.96美元的52周新高，上涨2.71%。</li><li><b><a href=\"https://laohu8.com/S/AN\">自治</a></b>(NYSE：AN)股价当天上涨5.58%，创下113.09美元的52周高点。</li><li><b>雷克斯福德工业地产</b>（纽约证券交易所代码：REXR）股价触及60.10美元的年度高点。该股盘中上涨2.15%。</li><li><b>特尼特医疗保健</b>（纽约证券交易所代码：THC）股价触及71.56美元的年度高点。该股盘中上涨9.02%。</li><li><b>第一工业地产</b>（纽约证券交易所代码：FR）股价周二突破52周新高54.94美元。该公司股价上涨1.67%。</li><li><b>传奇生物</b>（纳斯达克：LEGN）股价周二上涨1.91%，创下45.91美元的52周新高，涨幅为1.91%。</li><li><b>Rapid7</b>（纳斯达克：RPD）股价周二突破52周新高107.18美元。该公司股价上涨3.12%。</li><li><b>Idacorp</b>（纽约证券交易所代码：IDA）股价周二上涨2.14%，创下52周新高105.08美元，涨幅为2.14%。</li><li><b>同意房地产</b>（纽约证券交易所代码：ADC）股价周二突破74.10美元的年度高点。股价上涨1.59%。</li><li><b>W R Grace</b>（纽约证券交易所代码：GRA）股价周二上午上涨0.17%，创下69.73美元的52周新高。</li><li><b>美国各州水务</b>（纽约证券交易所代码：AWR）股价周二突破87.10美元，创下52周新高，涨幅为1.82%。</li><li><b>威望消费者</b>（纽约证券交易所代码：PBH）股价今早创下53.70美元的年度新高。该股盘中上涨3.27%。</li><li><b>卡万塔控股</b>(NYSE：CVA)股价周二创下20.08美元的52周新高，上涨0.13%。</li><li><b>赫斯卡</b>（纳斯达克：HSK</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nStocks That Hit 52-Week Highs On Tuesday<blockquote>周二触及52周高点的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-07-20 22:35</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>On Tuesday morning, 54 companies achieved new highs for the year.</p><p><blockquote>周二上午，54家公司创年内新高。</blockquote></p><p> Noteworthy Mentions:</p><p><blockquote>值得一提的是：</blockquote></p><p> <ul>  <li>The largest company by market cap to set a new 52-week high was<b>Costco Wholesale</b>(NASDAQ:COST).</li>  <li>The smallest company when considering market cap to set a new 52-week high was<b><a href=\"https://laohu8.com/S/EQS\">Equus Total Return</a></b>(NYSE:EQS).</li>  <li><b>PLx Pharma</b>(NASDAQ:PLXP)'s stock made the biggest move upwards, moving 16.28% to reach a new 52-week high.</li> </ul> The following stocks set new 52-week highs during the first half-hour of trading on Tuesday:</p><p><blockquote><ul><li>创下52周新高的市值最大公司是<b>好市多批发</b>（纳斯达克：成本）。</li><li>考虑市值创下52周新高时规模最小的公司是<b><a href=\"https://laohu8.com/S/EQS\">雅科仕总回报</a></b>（纽约证券交易所代码：EQS）。</li><li><b>PLx制药</b>（纳斯达克：PLXP）的股价涨幅最大，上涨16.28%，创下52周新高。</li></ul>以下股票在周二交易的前半小时创下52周新高：</blockquote></p><p></p><p> <ul>  <li><b>Costco Wholesale</b>(NASDAQ:COST) shares broke to a new 52-week high of $416.75 on Tuesday. Shares of the company traded up 0.5%.</li>  <li><b>Moderna</b>(NASDAQ:MRNA) shares were up 6.55% on Tuesday morning to hit a new 52-week high of $335.85.</li>  <li><b>Crown Castle Intl</b>(NYSE:CCI) shares were up 1.14% for the day, having made a 52-week high of $204.62.</li>  <li><b>HCA Healthcare</b>(NYSE:HCA) stock made a new 52-week high of $249.58 Tuesday. The stock was up 11.21% for the day.</li>  <li><b>IDEXX Laboratories</b>(NASDAQ:IDXX) shares were up 0.35% on Tuesday morning to hit a new 52-week high of $672.33.</li>  <li><b>Dollar General</b>(NYSE:DG) shares broke to $227.16 on Tuesday, setting a new 52-week high with a change of up 0.95%.</li>  <li><b>O'Reilly Automotive</b>(NASDAQ:ORLY) stock made a new 52-week high of $608.10 Tuesday. The stock was up 1.86% for the day.</li>  <li><b>Hershey</b>(NYSE:HSY) stock set a new 52-week high of $182.22 Tuesday morning. Over the session, the stock traded up 1.23%.</li>  <li><b>ResMed</b>(NYSE:RMD) shares achieved a new 52-week high on Tuesday morning, hitting $255.70 with a daily change of up 0.82%.</li>  <li><b>SBA Communications</b>(NASDAQ:SBAC) stock on Tuesday broke to a yearly high of $337.98. Shares traded up 0.68%.</li>  <li><b>Copart</b>(NASDAQ:CPRT) stock made a new 52-week high of $141.72 Tuesday. The stock was up 0.89% for the day.</li>  <li><b>AvalonBay Communities</b>(NYSE:AVB) shares were up 1.78% on Tuesday to hit a new 52-week high of $227.75 for a change of up 1.78%.</li>  <li><b>Equity Residential</b>(NYSE:EQR) shares broke to a new 52-week high of $84.06 on Tuesday. Shares of the company traded up 1.6%.</li>  <li><b>Alexandria Real Estate</b>(NYSE:ARE) shares were up 1.23% on Tuesday to hit a new 52-week high of $194.68 for a change of up 1.23%.</li>  <li><b><a href=\"https://laohu8.com/S/WORK\">Slack Technologies</a></b>(NYSE:WORK) stock set a new 52-week high of $45.28 Tuesday morning. Over the session, the stock traded up 0.2%.</li>  <li><b>Dover</b>(NYSE:DOV) shares reached a new 52-week high of $159.66 on Tuesday morning, moving up 4.53%.</li>  <li><b>Mid-America Apartment</b>(NYSE:MAA) shares were up 1.33% for the day, having made a 52-week high of $185.68.</li>  <li><b>Tyler Technologies</b>(NYSE:TYL) shares broke to a new 52-week high of $486.21 on Tuesday. Shares of the company traded up 0.36%.</li>  <li><b><a href=\"https://laohu8.com/S/DEX.AU\">Duke</a> Realty</b>(NYSE:DRE) stock set a new 52-week high of $51.06 Tuesday morning. Over the session, the stock traded up 1.61%.</li>  <li><b>UDR</b>(NYSE:UDR) shares hit a yearly high of $53.98. The stock traded up 1.97% on the session.</li>  <li><b>Equity Lifestyle Props</b>(NYSE:ELS) shares hit a yearly high of $81.54. The stock traded up 2.83% on the session.</li>  <li><b>Alliant Energy</b>(NASDAQ:LNT) stock made a new 52-week high of $59.23 Tuesday. The stock was up 1.81% for the day.</li>  <li><b>Camden Prop Trust</b>(NYSE:CPT) shares broke to $145.58 on Tuesday, setting a new 52-week high with a change of up 1.58%.</li>  <li><b><a href=\"https://laohu8.com/S/PFPT\">Proofpoint</a></b>(NASDAQ:PFPT) stock made a new 52-week high of $174.79 Tuesday. The stock was up 0.03% for the day.</li>  <li><b>Service Corp Intl</b>(NYSE:SCI) shares reached a new 52-week high of $57.96 on Tuesday morning, moving up 2.71%.</li>  <li><b><a href=\"https://laohu8.com/S/AN\">AutoNation</a></b>(NYSE:AN) shares were up 5.58% for the day, having made a 52-week high of $113.09.</li>  <li><b>Rexford Industrial Realty</b>(NYSE:REXR) shares hit a yearly high of $60.10. The stock traded up 2.15% on the session.</li>  <li><b>Tenet Healthcare</b>(NYSE:THC) shares hit a yearly high of $71.56. The stock traded up 9.02% on the session.</li>  <li><b>First Industrial Realty</b>(NYSE:FR) shares broke to a new 52-week high of $54.94 on Tuesday. Shares of the company traded up 1.67%.</li>  <li><b>Legend Biotech</b>(NASDAQ:LEGN) shares were up 1.91% on Tuesday to hit a new 52-week high of $45.91 for a change of up 1.91%.</li>  <li><b>Rapid7</b>(NASDAQ:RPD) shares broke to a new 52-week high of $107.18 on Tuesday. Shares of the company traded up 3.12%.</li>  <li><b>Idacorp</b>(NYSE:IDA) shares were up 2.14% on Tuesday to hit a new 52-week high of $105.08 for a change of up 2.14%.</li>  <li><b>Agree Realty</b>(NYSE:ADC) stock on Tuesday broke to a yearly high of $74.10. Shares traded up 1.59%.</li>  <li><b>W R Grace</b>(NYSE:GRA) shares were up 0.17% on Tuesday morning to hit a new 52-week high of $69.73.</li>  <li><b>American States Water</b>(NYSE:AWR) shares broke to $87.10 on Tuesday, setting a new 52-week high with a change of up 1.82%.</li>  <li><b>Prestige Consumer</b>(NYSE:PBH) shares set a new yearly high of $53.70 this morning. The stock was up 3.27% on the session.</li>  <li><b>Covanta Holding</b>(NYSE:CVA) shares set a new 52-week high of $20.08 on Tuesday, moving up 0.13%.</li>  <li><b>Heska</b>(NASDAQ:HSK</p><p><blockquote><ul><li><b>好市多批发</b>（纳斯达克：COST）股价周二突破52周新高416.75美元。该公司股价上涨0.5%。</li><li><b>现代</b>（纳斯达克：MRNA）股价周二上午上涨6.55%，创下335.85美元的52周新高。</li><li><b>皇冠城堡国际机场</b>(NYSE：CCI)股价当天上涨1.14%，创下204.62美元的52周高点。</li><li><b>HCA医疗保健</b>（纽约证券交易所代码：HCA）股价周二创下249.58美元的52周新高。该股当日上涨11.21%。</li><li><b>IDEXX实验室</b>（纳斯达克股票代码：IDXX）股价周二上午上涨0.35%，创下672.33美元的52周新高。</li><li><b>美元将军</b>（纽约证券交易所代码：DG）股价周二突破227.16美元，创下52周新高，涨幅为0.95%。</li><li><b>奥莱利汽车公司</b>（纳斯达克：ORLY）股价周二创下608.10美元的52周新高。该股当日上涨1.86%。</li><li><b>赫尔希</b>（纽约证券交易所代码：HSY）股价周二上午创下182.22美元的52周新高。盘中，该股上涨1.23%。</li><li><b>瑞斯迈德</b>（纽约证券交易所代码：RMD）股价周二上午创下52周新高，触及255.70美元，日涨幅为0.82%。</li><li><b>SBA通信</b>（纳斯达克：SBAC）股价周二突破337.98美元的年度高点。股价上涨0.68%。</li><li><b>科帕特</b>（纳斯达克：CPRT）股价周二创下141.72美元的52周新高。该股当日上涨0.89%。</li><li><b>阿瓦隆湾社区</b>（纽约证券交易所代码：AVB）股价周二上涨1.78%，创下227.75美元的52周新高，涨幅为1.78%。</li><li><b>股权住宅</b>（纽约证券交易所代码：EQR）股价周二突破52周新高84.06美元。该公司股价上涨1.6%。</li><li><b>亚历山大房地产</b>（纽约证券交易所代码：ARE）股价周二上涨1.23%，创下194.68美元的52周新高，涨幅为1.23%。</li><li><b><a href=\"https://laohu8.com/S/WORK\">Slack技术</a></b>（纽约证券交易所代码：WORK）股价周二上午创下45.28美元的52周新高。盘中，该股上涨0.2%。</li><li><b>多佛</b>（纽约证券交易所代码：DOV）股价周二上午创下159.66美元的52周新高，上涨4.53%。</li><li><b>中美洲公寓</b>(NYSE：MAA)股价当天上涨1.33%，创下185.68美元的52周高点。</li><li><b>泰勒技术公司</b>（纽约证券交易所代码：TYL）股价周二突破486.21美元的52周新高。该公司股价上涨0.36%。</li><li><b><a href=\"https://laohu8.com/S/DEX.AU\">公爵</a>房地产</b>（纽约证券交易所代码：DRE）股价周二上午创下51.06美元的52周新高。盘中，该股上涨1.61%。</li><li><b>UDR</b>（纽约证券交易所代码：UDR）股价触及53.98美元的年度高点。该股盘中上涨1.97%。</li><li><b>股权生活道具</b>（纽约证券交易所代码：ELS）股价触及81.54美元的年度高点。该股盘中上涨2.83%。</li><li><b>联合能源</b>（纳斯达克：LNT）股价周二创下59.23美元的52周新高。该股当日上涨1.81%。</li><li><b>卡姆登道具信托</b>（纽约证券交易所代码：CPT）股价周二突破145.58美元，创下52周新高，涨幅为1.58%。</li><li><b><a href=\"https://laohu8.com/S/PFPT\">证明点</a></b>（纳斯达克：PFPT）股价周二创下174.79美元的52周新高。该股当日上涨0.03%。</li><li><b>国际服务公司</b>（纽约证券交易所代码：SCI）股价周二上午创下57.96美元的52周新高，上涨2.71%。</li><li><b><a href=\"https://laohu8.com/S/AN\">自治</a></b>(NYSE：AN)股价当天上涨5.58%，创下113.09美元的52周高点。</li><li><b>雷克斯福德工业地产</b>（纽约证券交易所代码：REXR）股价触及60.10美元的年度高点。该股盘中上涨2.15%。</li><li><b>特尼特医疗保健</b>（纽约证券交易所代码：THC）股价触及71.56美元的年度高点。该股盘中上涨9.02%。</li><li><b>第一工业地产</b>（纽约证券交易所代码：FR）股价周二突破52周新高54.94美元。该公司股价上涨1.67%。</li><li><b>传奇生物</b>（纳斯达克：LEGN）股价周二上涨1.91%，创下45.91美元的52周新高，涨幅为1.91%。</li><li><b>Rapid7</b>（纳斯达克：RPD）股价周二突破52周新高107.18美元。该公司股价上涨3.12%。</li><li><b>Idacorp</b>（纽约证券交易所代码：IDA）股价周二上涨2.14%，创下52周新高105.08美元，涨幅为2.14%。</li><li><b>同意房地产</b>（纽约证券交易所代码：ADC）股价周二突破74.10美元的年度高点。股价上涨1.59%。</li><li><b>W R Grace</b>（纽约证券交易所代码：GRA）股价周二上午上涨0.17%，创下69.73美元的52周新高。</li><li><b>美国各州水务</b>（纽约证券交易所代码：AWR）股价周二突破87.10美元，创下52周新高，涨幅为1.82%。</li><li><b>威望消费者</b>（纽约证券交易所代码：PBH）股价今早创下53.70美元的年度新高。该股盘中上涨3.27%。</li><li><b>卡万塔控股</b>(NYSE：CVA)股价周二创下20.08美元的52周新高，上涨0.13%。</li><li><b>赫斯卡</b>（纳斯达克：HSK</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155810329","content_text":"On Tuesday morning, 54 companies achieved new highs for the year.\nNoteworthy Mentions:\n\nThe largest company by market cap to set a new 52-week high wasCostco Wholesale(NASDAQ:COST).\nThe smallest company when considering market cap to set a new 52-week high wasEquus Total Return(NYSE:EQS).\nPLx Pharma(NASDAQ:PLXP)'s stock made the biggest move upwards, moving 16.28% to reach a new 52-week high.\n\nThe following stocks set new 52-week highs during the first half-hour of trading on Tuesday:\n\nCostco Wholesale(NASDAQ:COST) shares broke to a new 52-week high of $416.75 on Tuesday. Shares of the company traded up 0.5%.\nModerna(NASDAQ:MRNA) shares were up 6.55% on Tuesday morning to hit a new 52-week high of $335.85.\nCrown Castle Intl(NYSE:CCI) shares were up 1.14% for the day, having made a 52-week high of $204.62.\nHCA Healthcare(NYSE:HCA) stock made a new 52-week high of $249.58 Tuesday. The stock was up 11.21% for the day.\nIDEXX Laboratories(NASDAQ:IDXX) shares were up 0.35% on Tuesday morning to hit a new 52-week high of $672.33.\nDollar General(NYSE:DG) shares broke to $227.16 on Tuesday, setting a new 52-week high with a change of up 0.95%.\nO'Reilly Automotive(NASDAQ:ORLY) stock made a new 52-week high of $608.10 Tuesday. The stock was up 1.86% for the day.\nHershey(NYSE:HSY) stock set a new 52-week high of $182.22 Tuesday morning. Over the session, the stock traded up 1.23%.\nResMed(NYSE:RMD) shares achieved a new 52-week high on Tuesday morning, hitting $255.70 with a daily change of up 0.82%.\nSBA Communications(NASDAQ:SBAC) stock on Tuesday broke to a yearly high of $337.98. Shares traded up 0.68%.\nCopart(NASDAQ:CPRT) stock made a new 52-week high of $141.72 Tuesday. The stock was up 0.89% for the day.\nAvalonBay Communities(NYSE:AVB) shares were up 1.78% on Tuesday to hit a new 52-week high of $227.75 for a change of up 1.78%.\nEquity Residential(NYSE:EQR) shares broke to a new 52-week high of $84.06 on Tuesday. Shares of the company traded up 1.6%.\nAlexandria Real Estate(NYSE:ARE) shares were up 1.23% on Tuesday to hit a new 52-week high of $194.68 for a change of up 1.23%.\nSlack Technologies(NYSE:WORK) stock set a new 52-week high of $45.28 Tuesday morning. Over the session, the stock traded up 0.2%.\nDover(NYSE:DOV) shares reached a new 52-week high of $159.66 on Tuesday morning, moving up 4.53%.\nMid-America Apartment(NYSE:MAA) shares were up 1.33% for the day, having made a 52-week high of $185.68.\nTyler Technologies(NYSE:TYL) shares broke to a new 52-week high of $486.21 on Tuesday. Shares of the company traded up 0.36%.\nDuke Realty(NYSE:DRE) stock set a new 52-week high of $51.06 Tuesday morning. Over the session, the stock traded up 1.61%.\nUDR(NYSE:UDR) shares hit a yearly high of $53.98. The stock traded up 1.97% on the session.\nEquity Lifestyle Props(NYSE:ELS) shares hit a yearly high of $81.54. The stock traded up 2.83% on the session.\nAlliant Energy(NASDAQ:LNT) stock made a new 52-week high of $59.23 Tuesday. The stock was up 1.81% for the day.\nCamden Prop Trust(NYSE:CPT) shares broke to $145.58 on Tuesday, setting a new 52-week high with a change of up 1.58%.\nProofpoint(NASDAQ:PFPT) stock made a new 52-week high of $174.79 Tuesday. The stock was up 0.03% for the day.\nService Corp Intl(NYSE:SCI) shares reached a new 52-week high of $57.96 on Tuesday morning, moving up 2.71%.\nAutoNation(NYSE:AN) shares were up 5.58% for the day, having made a 52-week high of $113.09.\nRexford Industrial Realty(NYSE:REXR) shares hit a yearly high of $60.10. The stock traded up 2.15% on the session.\nTenet Healthcare(NYSE:THC) shares hit a yearly high of $71.56. The stock traded up 9.02% on the session.\nFirst Industrial Realty(NYSE:FR) shares broke to a new 52-week high of $54.94 on Tuesday. Shares of the company traded up 1.67%.\nLegend Biotech(NASDAQ:LEGN) shares were up 1.91% on Tuesday to hit a new 52-week high of $45.91 for a change of up 1.91%.\nRapid7(NASDAQ:RPD) shares broke to a new 52-week high of $107.18 on Tuesday. Shares of the company traded up 3.12%.\nIdacorp(NYSE:IDA) shares were up 2.14% on Tuesday to hit a new 52-week high of $105.08 for a change of up 2.14%.\nAgree Realty(NYSE:ADC) stock on Tuesday broke to a yearly high of $74.10. Shares traded up 1.59%.\nW R Grace(NYSE:GRA) shares were up 0.17% on Tuesday morning to hit a new 52-week high of $69.73.\nAmerican States Water(NYSE:AWR) shares broke to $87.10 on Tuesday, setting a new 52-week high with a change of up 1.82%.\nPrestige Consumer(NYSE:PBH) shares set a new yearly high of $53.70 this morning. The stock was up 3.27% on the session.\nCovanta Holding(NYSE:CVA) shares set a new 52-week high of $20.08 on Tuesday, moving up 0.13%.\nHeska(NASDAQ:HSKA) shares were up 1.97% on Tuesday to hit a new 52-week high of $247.35 for a change of up 1.97%.\nProtagonist Therapeutics(NASDAQ:PTGX) shares hit a yearly high of $48.15. The stock traded up 3.0% on the session.\nErasca(NASDAQ:ERAS) stock on Tuesday broke to a yearly high of $19.45. Shares traded up 5.77%.\nCenterspace(NYSE:CSR) shares were up 1.84% on Tuesday morning to hit a new 52-week high of $87.89.\nHealthStream(NASDAQ:HSTM) stock on Tuesday broke to a yearly high of $29.04. Shares traded up 2.72%.\nPlymouth Industrial REIT(NYSE:PLYM) shares set a new 52-week high of $22.02 on Tuesday, moving up 1.82%.\nMBIA(NYSE:MBI) stock on Tuesday broke to a yearly high of $11.51. Shares traded up 2.69%.\nOne Liberty Properties(NYSE:OLP) shares broke to a new 52-week high of $29.92 on Tuesday. Shares of the company traded up 2.31%.\nArtisan Acquisition(NASDAQ:ARTA) shares were up 7.24% on Tuesday to hit a new 52-week high of $10.51 for a change of up 7.24%.\nPLx Pharma(NASDAQ:PLXP) shares were up 16.28% on Tuesday morning to hit a new 52-week high of $20.11.\nHighland Global(NYSE:HGLB) shares broke to $9.54 on Tuesday, setting a new 52-week high with a change of up 1.94%.\nMainStreet Bancshares(NASDAQ:MNSB) shares broke to $24.83 on Tuesday, setting a new 52-week high with a change of up 6.14%.\nAehr Test Systems(NASDAQ:AEHR) shares reached a new 52-week high of $7.15 on Tuesday morning, moving down 3.92%.\nLuby's(NYSE:LUB) shares achieved a new 52-week high on Tuesday morning, hitting $4.09 with a daily change of up 3.05%.\nForward Pharma(NASDAQ:FWP) shares achieved a new 52-week high on Tuesday morning, hitting $13.74 with a daily change of up 11.02%.\nHV Bancorp(NASDAQ:HVBC) shares achieved a new 52-week high on Tuesday morning, hitting $22.21 with a daily change of up 1.28%.\nEquus Total Return(NYSE:EQS) shares reached a new 52-week high of $2.91 on Tuesday morning, moving down 8.21%.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173197807,"gmtCreate":1626631964209,"gmtModify":1631891184632,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Like commeny ty","listText":"Like commeny ty","text":"Like commeny ty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/173197807","repostId":"1139907709","repostType":4,"repost":{"id":"1139907709","kind":"news","pubTimestamp":1626568617,"share":"https://www.laohu8.com/m/news/1139907709?lang=zh_CN&edition=full","pubTime":"2021-07-18 08:36","market":"us","language":"en","title":"Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World<blockquote>华尔街罪与罚：托马斯·F·奎因的疯狂、疯狂、疯狂、疯狂的世界</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139907709","media":"Benzinga","summary":"Does crime pay?\nIn August 1988, French authorities arrested an American expatriate named Thomas F. Q","content":"<p><div> Does crime pay? In August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million. As ...</p><p><blockquote><div>犯罪有报酬吗？1988年8月，法国当局逮捕了一位名叫托马斯·F·奎因的美国侨民，罪名是他策划了一项全球证券计划，诈骗投资者5亿美元。作为...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World<blockquote>华尔街罪与罚：托马斯·F·奎因的疯狂、疯狂、疯狂、疯狂的世界</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\">\nWall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World<blockquote>华尔街罪与罚：托马斯·F·奎因的疯狂、疯狂、疯狂、疯狂的世界</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-07-18 08:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Does crime pay? In August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million. As ...</p><p><blockquote><div>犯罪有报酬吗？1988年8月，法国当局逮捕了一位名叫托马斯·F·奎因的美国侨民，罪名是他策划了一项全球证券计划，诈骗投资者5亿美元。作为...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139907709","content_text":"Does crime pay?\nIn August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million.\nAs an unapologetic financial miscreant with a lifelong penchant for fraud, the French escapade represented something of a career peak for Quinn, whose flair of swindling took on an astonishing level of organizing that left no corner of the world untouched.\nIllusory Assets For Sale:Thomas Francis Quinn was born in Brooklyn in 1932; his father drove a cement truck and his mother was a housewife who made extra money selling clothing and jewelry from the family’s garage.\nQuinn was an altar boy in his childhood and was the first member of his family to pursue higher education, graduating from St. John’s University Law School and passing the bar in 1962.\nQuinn opted to go into business for himself, starting a brokerage firm in New York called Thomas, Williams & Lee.The main focus of this firm became the promotion of Kent Industries,a company that claimed to own Florida property valued at $2 million.\nThere was a slight problem — Kent Industries didn’t own anything in the Sunshine State, and this inconvenient fact helped to introduce Quinn to the U.S. Securities and Exchange Commission (SEC).\nLong story short: Quinn received a lifetime banishment from the SEC in 1966 from doing business with brokers and dealers thanks to what the agency defined as his “flagrant fraudulent practices” related to the Kent Industries assets, which the regulator considered to be “almost completely illusory.”\nThe U.S. Department of Justice (DOJ) was a bit slower in dealing with Quinn, but by 1970 he was sent to jail for six months and was later permanently disbarred from practicing law.\nA Job With The Mob:Prior to losing his law license, Quinn gained a partnership in a New York-based securities law firm that set off several alarms among federal law enforcement agencies. Indeed, an FBI report from 1983 recalled this firm’s chief focus was being responsible for the “funds of hoodlum-controlled companies.”\nQuinn was on both the FBI’s and SEC’s respective radars in the early 1980s for his role with two companies,Sundance Gold Mining and Aquarius Gold Exploration, that claimed to have discovered gold in Suriname. The companies created a flurry of excitement among investors, but an investigation into their operations found a hitherto undeclared connection with the Genovese crime family.\nThe SEC filed a civil complaint against Quinn in 1983, charging him with fraudulently manipulating and promoting the companies’ stocks.\nThree years later, he reached a settlement with the regulator by agreeing to permanently stay away from anything related to securities.\nThe FBI, despite finding Mafia fingerprints in Quinn’s business affairs, declined to press charges against him.\nRealizing that he wore out his welcome in his home country, Quinn and his common-law wife Rochelle Rothfleisch decided to relocate to France and to up his game to an unprecedented operation.\nBoiler Room Follies:The circumstances and details of how Quinn built his swindling masterpiece are a bit fuzzy, but it is believed that the scheme was first hatched in 1984 and was coordinated out of his $6 million villa in the south of France.\nQuinn set up an archipelago of offices in several European countries and in Dubai, Jamaica and the tiny South Pacific island nation of Vanuatu, and he gave them phony names that sounded similar to respectable brokerages.\nEach office was staffed with salesmen who were tasked to sell stocks for 20 U.S. corporations to individual investors around the world. The stocks in question were mostly shell companies trading on the over-the-counter exchanges that Quinn picked up for pennies, but they were resold by Quinn’s salesmen at inflated amounts.\nThe investors were culled from mailing lists sold by publishing companies and professional organizations, as well as from respondents to advertisements placed in newsletters focused on the over-the-counter markets.\nQuinn’s henchmen would telephone the investors — nearly all of whom were novices to investing — and do a high-pressure sales spiel that, more often than not, resulted in the separation of the gullible targets from their money.\nQuinn’s team aimed at European, Australian, Middle Eastern and Hong Kong neophyte investors. The only country off-limits from this scheme was the U.S. Quinn was already on the FBI’s radar and the last thing he wanted was to give them cause to pursue him anew.\nA Temporary Setback: In 1988, Quinn’s arrest in France saw him charged with securities fraud, forgery of administrative documents and the possession of two fake Greek passports. His detention and the subsequent arrest of 20 of his salesmen created a fascinating dilemma for banking and law enforcement agencies in multiple countries.\nFor starters, no one could easily figure out where the majority of Quinn’s $500 million in ill-gotten gains wound up. Transfers were traced through banks in Switzerland, Luxembourg and Gibraltar, as well as the beleaguered Bank of Credit and Commerce International in Tampa, Florida, which gained national attention as a favored depository for those involved in drug money laundering. But where the money eventually landed was anyone’s guess, and Quinn’s talent for adopting aliases to cover his business tracks confounded investigators.\nAlso, it was unclear regarding how many people were swindled. A pair of class-action lawsuits brought out a total of 500 people trying to regain their money, but some observers of this case speculated the number could have been higher — some investors might have seen Quinn’s scam as a means of evading local taxes and foreign currency exchanges and would then have to answer to their authorities if this chicanery came to light.\nThe SEC got into the picture because the stocks being sold in the scheme were all U.S. companies. The agency hosted a meeting in Washington D.C. with law enforcement officers and prosecutors from eight European countries and Australia, with the hopes of sorting out the mess. But since no Americans were defrauded in this elaborate charade, Quinn did not face criminal charges in his own country, although the SEC temporarily froze his U.S. assets.\nIn France, Quinn was initially released after agreeing to reimburse his French victims but was arrested again when the Swiss government demanded his extradition.\nHe came to trial in 1991 and was only sentenced to four years in prison, but his sentence was reduced to include time served and he was extradited to Switzerland.\nHis Alpine detention was brief and by the mid-1990s he returned to the U.S. and rented a luxury home in Greenwich, Connecticut, a swanky suburb of New York City.\nAn Eventual Stumble:One of Quinn’s neighbors in Greenwich wasMartin Frankel,a financier with his own addiction to swindling.\nIn 1999, the Wall Street Journal used anonymous “people familiar with the matter” to claim Quinn assisted Frankel in his efforts to raise money for a controlled investment fund designed to buy insurance companies — but this turned out to be an embezzlement scam that resulted in Frankel fleeing the U.S. to Germany on a phony passport.\nFrankel was eventually extradited and spent nearly two decades in prison, but Quinn was never charged for being a partner in Frankel’s shenanigans.\nFor most of the 1990s and the 2000s, Quinn kept a very low public profile, although law enforcement tracked his travels to such far-flung places as the Maldives and the United Arab Emirates.\nIn 2004, he made a rare appearance at the Irish Derby as the co-owner of the winning thoroughbred Grey Swallow. Photographs of Quinn with the winning racehorse marked the only time that he was ever photographed in a public gathering. (Copyright restrictions prevent us from reprinting the photograph here, butthis linkon the RTE website shows Quinn, standing second from right, at the conclusion of the championship race.)\nIn November 2009, Quinn’s luck finally ran out. On a trip back from Ireland to New York’s JFK International Airport, he was arrested for his role within a ring of embezzlers that sought to defraud a pair of British telecommunications companies out of more than $60 million. The scheme had the global hallmarks of Quinn’s earlier criminal triumph, with funds being disbursed to seven countries across four continents.\nQuinn was immediately jailed upon his arrest and was denied bail because it was feared he would attempt to flee the country. He eventually pleaded guilty to a single count of wire fraud and, despite exhortations to avoid prison due to health problems, he was sentenced in March 2013 to 84 months in prison. He was released in May 2016.\nWhat became of Quinn since his release is unknown. No obituary for him has been published, and he would be 89 years old if he is still alive.\nOne information-tracking website listed him residing at a Brooklyn address, but the website also listed an accompanying telephone number that is not in service. Any readers who may have information on Quinn’s whereabouts should contact us and we will offer an update on his story.\nQuinn rarely spoke to anyone about his criminal activities. During an investigative session after his final arrest, he reportedly would only answer questions through a series of eyelid blinks. When a reporter sought to interview him in 1995, he demanded his privacy.\n\"Just forget me,\" Quinn said. \"I've got a lot of trouble and a lot of personal grief. I'm just trying to get on with my life. I'm not in the securities business and never will be again.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1689,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170239262,"gmtCreate":1626433918056,"gmtModify":1631891184640,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Like comment thankssss meow","listText":"Like comment thankssss meow","text":"Like comment thankssss 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man","listText":"Nice man","text":"Nice man","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/158303311","repostId":"1120348430","repostType":4,"repost":{"id":"1120348430","kind":"news","pubTimestamp":1625127131,"share":"https://www.laohu8.com/m/news/1120348430?lang=zh_CN&edition=full","pubTime":"2021-07-01 16:12","market":"us","language":"en","title":"Will Exxon Mobil Stock Split Again? What To Know<blockquote>埃克森美孚会再次进行股票分割吗？要知道什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120348430","media":"seekingalpha","summary":"Summary\n\nSome investors do care a lot about stock splits, as those can fuel share price upside, as w","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Some investors do care a lot about stock splits, as those can fuel share price upside, as we saw last year when TSLA and AAPL split their stocks.</li>  <li>XOM has regularly split its shares in the 20th century, but due to low share price growth, there have not been any splits in the recent past.</li>  <li>We believe that another stock split in the foreseeable future is unlikely, but that doesn't mean that XOM must be a bad investment.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e640740db47b777095d060781cfc785c\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Yuichiro Chino/Moment via Getty Images</span></p><p><blockquote><ul><li>一些投资者确实非常关心股票分割，因为这可以推动股价上涨，正如我们去年特斯拉和苹果公司分割股票时看到的那样。</li><li>XOM在20世纪定期进行股票分割，但由于股价增长较低，近期没有进行任何分割。</li><li>我们认为，在可预见的未来不太可能再次进行股票分割，但这并不意味着XOM一定是一项糟糕的投资。</li></ul><p class=\"t-img-caption\"><span>Yuichiro Chino/Moment来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Exxon Mobil Corporation (XOM) has put a lot of effort into reducing its share count in the past, which allowed the company to split its stock from time to time. In recent years, however, free cash flows were not especially strong, and the dividend payments soaked up most of those cash flows, which is why the share count has not declined meaningfully. On top of that, Exxon Mobil's shares have moved sideways for a long period of time, which made a stock split feel unnecessary.</p><p><blockquote>埃克森美孚公司（XOM）过去在减少股票数量方面付出了很多努力，这使得该公司能够不时地分割股票。然而，近年来，自由现金流并不是特别强劲，股息支付吸收了大部分现金流，这就是股票数量没有大幅下降的原因。最重要的是，埃克森美孚的股价长期横盘整理，这让人觉得没有必要进行股票分割。</blockquote></p><p> Going forward, Exxon Mobil seems to be well-positioned to generate growing cash flows, but buybacks will likely still not be too hefty, as Exxon Mobil also has to improve its balance sheet. I thus don't expect another stock split in the near term, although that doesn't mean that Exxon Mobil must be a bad investment at all.</p><p><blockquote>展望未来，埃克森美孚似乎处于有利地位，可以产生不断增长的现金流，但回购可能仍不会太大，因为埃克森美孚还必须改善其资产负债表。因此，我预计短期内不会再次进行股票分割，尽管这并不意味着埃克森美孚一定是一项糟糕的投资。</blockquote></p><p> <b>XOM Stock Split History</b></p><p><blockquote><b>XOM股票分割历史</b></blockquote></p><p> Looking at Exxon Mobil's share price chart, we see that XOM has moved upwards relatively consistently for decades, up to around 2007. Due to these upward moves, splitting the stock regularly made sense, in order to prevent shares from getting too expensive. For the last 13 years or so, however, XOM has not continued to move up:</p><p><blockquote>看看埃克森美孚的股价图表，我们发现XOM几十年来一直相对持续地上涨，直到2007年左右。由于这些上涨，定期分割股票是有意义的，以防止股票变得太贵。然而，在过去13年左右的时间里，XOM并没有继续上升：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91b3a69e9a81396a857ff39f218ec638\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Instead, its share price today is well below the $90s that XOM hit more than a decade ago. This can be explained by factors such as lower oil prices, compared to the highs that were hit in 2008, but some capital allocation mistakes, such as the overpriced takeover of XTO Energy, played a role as well. Due to the unconvincing share price performance in more than a decade, there was no need to split the stock further, which is why the last stock split occurred in 2001:</p><p><blockquote>相反，其目前的股价远低于XOM十多年前触及的90美元。与2008年触及的高点相比，油价较低等因素可以解释这一点，但一些资本配置错误，例如高价收购XTO Energy，也发挥了作用。由于十多年来股价表现不令人信服，因此没有必要进一步拆股，这也是上一次拆股发生在2001年的原因：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78d72f854559be94be7b23b64ee7591e\" tg-width=\"640\" tg-height=\"262\"><span>Source:exxonmobil.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：exxonmobil.com</span></p></blockquote></p><p> We see that Exxon Mobil split its stock 7 times between 1951 and 2001, so about once every seven years. If XOM would have kept that pace, about 2-3 stock splits would have occurred between 2001 and today, but there were none - a result of the weak share price performance in that time frame. In fact, shares of Exxon Mobil Corporation only rose by 42% since June 2001, when the last stock split occurred, and today. A 42% stock price increase in 20 years equates to annual returns of 1.8%, which is less than the rate of inflation - and there is no need to split the stock when it only climbs at that rate.</p><p><blockquote>我们看到埃克森美孚在1951年至2001年间将其股票分割了7次，大约每7年一次。如果XOM保持这一速度，从2001年到今天，大约会发生2-3次股票分割，但没有发生——这是该时间段内股价表现疲软的结果。事实上，埃克森美孚公司的股价自2001年6月（上次股票分割发生时）到今天仅上涨了42%。20年内股价上涨42%相当于年回报率1.8%，低于通货膨胀率——而且当股票仅以这个速度攀升时，没有必要分割股票。</blockquote></p><p> Looking at the number of outstanding shares, we see that Exxon Mobil has been an avid repurchaser of shares for prolonged periods in the past, e.g. between 1980 and 2000:</p><p><blockquote>从流通股数量来看，我们发现埃克森美孚在过去很长一段时间内都是股票回购的狂热者，例如1980年至2000年间：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/734fd1f142bcebfaba862b90421b85fe\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <i>Note: This chart uses today's split-adjusted shares</i></p><p><blockquote><i>注：此图表使用今天的分割调整后股票</i></blockquote></p><p> During that time frame, the company split its shares several times, which made sense, as this allowed for increased liquidity and a large float during times when the share count kept declining.</p><p><blockquote>在此期间，该公司多次分割股票，这是有道理的，因为这可以在股票数量持续下降的情况下增加流动性和大量流通量。</blockquote></p><p> The merger with Mobil made XOM's share count climb to around 7 billion shares in 1999 (adjusted for the split in 2001), but even though the share count has declined by a lot since 1999 and 2015, there wasn't a need to split shares another time, as XOM's share price had not moved up by a lot. Following the oil price crash in 2014-2015, Exxon Mobil has not lowered its share count meaningfully, and its shares have declined in that period, which made a stock split even less necessary - after all, why would the company split its stock, if it wasn't climbing anyways and if the share count was pretty constant?</p><p><blockquote>与美孚的合并使XOM的股票数量在1999年攀升至70亿股左右（根据2001年的分拆进行调整），但尽管股票数量自1999年和2015年以来下降了很多，但没有必要再次分拆股票，因为XOM的股价并没有上涨太多。在2014-2015年油价暴跌之后，埃克森美孚并没有大幅降低其股票数量，而且其股价在此期间下跌，这使得股票分割变得更加没有必要——毕竟，如果无论如何都没有攀升并且股票数量相当稳定，该公司为什么要分割股票呢？</blockquote></p><p> <b>Will XOM Stock Split Again</b></p><p><blockquote><b>XOM会再次进行股票分割吗</b></blockquote></p><p> Mostly, stock splits are done due to either of the following two reasons:</p><p><blockquote>大多数情况下，股票分割是出于以下两个原因之一：</blockquote></p><p> - Share prices have climbed by a lot and management believes it makes sense to have more shares at a lower price per share.</p><p><blockquote>-股价大幅上涨，管理层认为以较低的每股价格持有更多股票是有意义的。</blockquote></p><p> - The share count has declined by a lot, and in order to increase liquidity, the company decides to split its shares.</p><p><blockquote>-股份数量下降了很多，为了增加流动性，公司决定拆股。</blockquote></p><p></p><p> One can argue whether that makes sense, but since this method is employed by many companies all around the world, it seems to have its merits. In Exxon Mobil's case, neither of these two reasons are at play right now, which makes me believe that a stock split is unlikely in the foreseeable future.</p><p><blockquote>人们可以争论这是否有意义，但由于这种方法被世界各地的许多公司所采用，它似乎有其优点。就埃克森美孚而言，这两个原因目前都不起作用，这让我相信在可预见的未来不太可能进行股票分割。</blockquote></p><p> Exxon Mobil's share price is not really high, and in fact, it was much higher in the past, at more than $100 per share. Management did not feel a need for a stock split back then, so why would they want to split shares when they are at $60? On top of that, since Exxon Mobil's share count has not declined meaningfully in the recent past, liquidity shouldn't be a concern, either.</p><p><blockquote>埃克森美孚的股价并不是很高，事实上，过去的股价要高得多，每股100多美元。管理层当时并不认为有必要进行股票分割，那么当股价为60美元时，他们为什么要进行股票分割呢？最重要的是，由于埃克森美孚的股票数量最近没有大幅下降，流动性也不应该成为一个问题。</blockquote></p><p> Exxon Mobil's last stock split was done when the company had about 3.5 billion shares pre-split, the split prior to that was done when the company had about 1.3 billion shares pre-split. Stock splits prior to that were oftentimes done at pre-split share counts that were even lower than that. Right now, with 4.2 billion shares, Exxon Mobil's share count is substantially higher, and due to no meaningful buyback activity, it is doubtful whether XOM's share count will decline to a much lower level in the foreseeable future.</p><p><blockquote>埃克森美孚上一次股票分割是在该公司拥有约35亿股分拆前股票时完成的，此前的分割是在该公司拥有约13亿股分拆前股票时完成的。在此之前的股票分割通常是在分割前的股票数量甚至更低的情况下进行的。目前，埃克森美孚的股票数量为42亿股，要高得多，而且由于没有有意义的回购活动，XOM的股票数量在可预见的未来是否会降至更低的水平值得怀疑。</blockquote></p><p> A stock split can, of course, not be ruled out, and it seems very much possible that XOM eventually splits its shares again at some point in the future, but for the next couple of years, this seems like a relatively unlikely scenario to me.</p><p><blockquote>当然，不能排除股票分割的可能性，XOM最终很有可能在未来的某个时候再次分割其股票，但在接下来的几年里，这对我来说似乎是一种相对不太可能的情况。</blockquote></p><p> <b>Is XOM A Good Stock To Buy</b></p><p><blockquote><b>XOM是值得购买的好股票吗</b></blockquote></p><p> Even without a stock split, XOM can, of course, still be a solid investment. Oil prices have rallied quite a lot in 2021, and not surprisingly, shares of oil companies that had floundered in 2020 started to rise again. At $63 per share, XOM has experienced gains of a little more than 50% year-to-date, which is attractive for sure.</p><p><blockquote>当然，即使没有股票分割，XOM仍然可以是一项可靠的投资。2021年油价大幅上涨，毫不奇怪，2020年陷入困境的石油公司股价再次开始上涨。以每股63美元的价格，XOM今年迄今的涨幅略高于50%，这无疑具有吸引力。</blockquote></p><p> Thanks to cuts in capital expenditures and exploration programs from XOM and most of its peers, oil prices could potentially have a lot more room to run in the coming years. A global economic recovery, which will fuel demand for oil and gas, coupled with weak demand growth due to conservative exploration programs could lift oil prices to&nbsp;$100 per barrel&nbsp;in the near term, some analysts believe. I personally don't want to bet on that by buying oil futures, but we generally agree that oil prices could have more room to run over the coming years - massive monetary stimulus that has lifted many commodity prices helps as well.</p><p><blockquote>由于XOM和大多数同行削减了资本支出和勘探计划，油价在未来几年可能有更大的上涨空间。一些分析师认为，全球经济复苏将刺激对石油和天然气的需求，加上保守的勘探计划导致的需求增长疲软，可能会在短期内将油价推升至每桶100美元。我个人不想通过购买石油期货来押注这一点，但我们普遍认为，油价在未来几年可能有更大的上涨空间——提振许多大宗商品价格的大规模货币刺激也有所帮助。</blockquote></p><p> If oil prices do really reach $80, $90, $100, or even more, XOM should do very well, as its portfolio is generally optimized for low break-even costs, which would allow its assets to generate a lot of cash if the oil price environment is conductive. It should, however, be noted that more or less all other oil companies will do well in a high-oil-price environment as well, so this isn't a reason to buy XOM specifically.</p><p><blockquote>如果油价真的达到80美元、90美元、100美元，甚至更高，XOM应该会做得很好，因为其投资组合通常会针对低盈亏平衡成本进行优化，如果油价上涨，这将使其资产产生大量现金环境是导电的。然而，应该指出的是，或多或少所有其他石油公司在高油价环境下也会表现良好，因此这并不是专门购买XOM的理由。</blockquote></p><p> Looking at a comparison between Exxon Mobil and its peers, we see that XOM is quite expensive:</p><p><blockquote>通过埃克森美孚与同行的比较，我们发现XOM相当昂贵：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d23f901e4fbfea943119ab1b094399a7\" tg-width=\"635\" tg-height=\"682\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> XOM, as well as Chevron (CVX), trades at substantial premiums compared to European peers such as BP (BP), Royal Dutch Shell (RDS.A) (RDS.B), and TotalEnergies (TTE). Exxon Mobil's 2021 earnings multiple, its 2022 earnings multiple, and its EV to EBITDA ratio are way higher than those of the European supermajors. Some may prefer the reluctance of XOM and CVX when it comes to ESG approaches, whereas BP, RDS, and TTE seem to be embracing a move towards renewables more ambitiously.</p><p><blockquote>与BP(BP)、荷兰皇家壳牌(RDS.A)(RDS.B)和TotalEnergies(TTE)等欧洲同行相比，XOM和雪佛龙(CVX)的交易价格大幅溢价。埃克森美孚2021年市盈率、2022年市盈率以及EV与EBITDA比率远高于欧洲超级巨头。在ESG方法方面，有些人可能更喜欢XOM和CVX的不情愿，而BP、RDS和TTE似乎更雄心勃勃地转向可再生能源。</blockquote></p><p> XOM and CVX also do have a better dividend track record compared to their European peers, two of which cut their dividends during the pandemic. But I personally do not think that it makes sense to buy shares of a supermajor at 17x forward earnings when other supermajors trade for less than 10x this year's expected profits. If oil prices continue to climb, the European peers will profit just as much, and they do have multiple expansion potential on top of that, which seems less likely for XOM and CVX.</p><p><blockquote>与欧洲同行相比，XOM和CVX也确实拥有更好的股息记录，其中两家在大流行期间削减了股息。但我个人认为，当其他超级巨头的交易价格低于今年预期利润的10倍时，以17倍的预期市盈率购买超级巨头的股票是没有意义的。如果油价继续攀升，欧洲同行也将获得同样多的利润，而且除此之外，他们确实还有多重扩张潜力，这对于XOM和CVX来说似乎不太可能。</blockquote></p><p> When one takes a look outside of the supermajor league, then the Canadian oil sands players do seem like attractive oil price plays as well, due to low cash costs, low-decline assets with long lifespans, and strong cash generation.</p><p><blockquote>当人们把目光投向超级大联盟之外时，加拿大油砂公司似乎也是有吸引力的油价公司，因为现金成本低、资产寿命长、跌幅低、现金生成能力强。</blockquote></p><p> Overall, I think XOM could do well over the coming years as oil prices could easily climb further from the current level, but I don't think that XOM is the best play in the oil space. Other supermajors are much cheaper while providing similar upside if oil prices continue to climb, and more specialized quality players like some of the Canadian oil sands companies or high-quality US shale plays could be better choices than XOM as well. XOM thus looks solid as an oil price play, but there are better options available.</p><p><blockquote>总体而言，我认为XOM在未来几年可能会表现良好，因为油价很容易从当前水平进一步攀升，但我不认为XOM是石油领域的最佳选择。如果油价继续攀升，其他超级巨头的价格要便宜得多，同时也会提供类似的上涨空间，而一些加拿大油砂公司或优质美国页岩油公司等更专业的优质公司也可能是比XOM更好的选择。因此，XOM作为油价走势看起来很稳健，但还有更好的选择。</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>Will Exxon Mobil Stock Split Again? What To Know<blockquote>埃克森美孚会再次进行股票分割吗？要知道什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Exxon Mobil Stock Split Again? What To Know<blockquote>埃克森美孚会再次进行股票分割吗？要知道什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-01 16:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Some investors do care a lot about stock splits, as those can fuel share price upside, as we saw last year when TSLA and AAPL split their stocks.</li>  <li>XOM has regularly split its shares in the 20th century, but due to low share price growth, there have not been any splits in the recent past.</li>  <li>We believe that another stock split in the foreseeable future is unlikely, but that doesn't mean that XOM must be a bad investment.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e640740db47b777095d060781cfc785c\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Yuichiro Chino/Moment via Getty Images</span></p><p><blockquote><ul><li>一些投资者确实非常关心股票分割，因为这可以推动股价上涨，正如我们去年特斯拉和苹果公司分割股票时看到的那样。</li><li>XOM在20世纪定期进行股票分割，但由于股价增长较低，近期没有进行任何分割。</li><li>我们认为，在可预见的未来不太可能再次进行股票分割，但这并不意味着XOM一定是一项糟糕的投资。</li></ul><p class=\"t-img-caption\"><span>Yuichiro Chino/Moment来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Exxon Mobil Corporation (XOM) has put a lot of effort into reducing its share count in the past, which allowed the company to split its stock from time to time. In recent years, however, free cash flows were not especially strong, and the dividend payments soaked up most of those cash flows, which is why the share count has not declined meaningfully. On top of that, Exxon Mobil's shares have moved sideways for a long period of time, which made a stock split feel unnecessary.</p><p><blockquote>埃克森美孚公司（XOM）过去在减少股票数量方面付出了很多努力，这使得该公司能够不时地分割股票。然而，近年来，自由现金流并不是特别强劲，股息支付吸收了大部分现金流，这就是股票数量没有大幅下降的原因。最重要的是，埃克森美孚的股价长期横盘整理，这让人觉得没有必要进行股票分割。</blockquote></p><p> Going forward, Exxon Mobil seems to be well-positioned to generate growing cash flows, but buybacks will likely still not be too hefty, as Exxon Mobil also has to improve its balance sheet. I thus don't expect another stock split in the near term, although that doesn't mean that Exxon Mobil must be a bad investment at all.</p><p><blockquote>展望未来，埃克森美孚似乎处于有利地位，可以产生不断增长的现金流，但回购可能仍不会太大，因为埃克森美孚还必须改善其资产负债表。因此，我预计短期内不会再次进行股票分割，尽管这并不意味着埃克森美孚一定是一项糟糕的投资。</blockquote></p><p> <b>XOM Stock Split History</b></p><p><blockquote><b>XOM股票分割历史</b></blockquote></p><p> Looking at Exxon Mobil's share price chart, we see that XOM has moved upwards relatively consistently for decades, up to around 2007. Due to these upward moves, splitting the stock regularly made sense, in order to prevent shares from getting too expensive. For the last 13 years or so, however, XOM has not continued to move up:</p><p><blockquote>看看埃克森美孚的股价图表，我们发现XOM几十年来一直相对持续地上涨，直到2007年左右。由于这些上涨，定期分割股票是有意义的，以防止股票变得太贵。然而，在过去13年左右的时间里，XOM并没有继续上升：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91b3a69e9a81396a857ff39f218ec638\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Instead, its share price today is well below the $90s that XOM hit more than a decade ago. This can be explained by factors such as lower oil prices, compared to the highs that were hit in 2008, but some capital allocation mistakes, such as the overpriced takeover of XTO Energy, played a role as well. Due to the unconvincing share price performance in more than a decade, there was no need to split the stock further, which is why the last stock split occurred in 2001:</p><p><blockquote>相反，其目前的股价远低于XOM十多年前触及的90美元。与2008年触及的高点相比，油价较低等因素可以解释这一点，但一些资本配置错误，例如高价收购XTO Energy，也发挥了作用。由于十多年来股价表现不令人信服，因此没有必要进一步拆股，这也是上一次拆股发生在2001年的原因：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78d72f854559be94be7b23b64ee7591e\" tg-width=\"640\" tg-height=\"262\"><span>Source:exxonmobil.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：exxonmobil.com</span></p></blockquote></p><p> We see that Exxon Mobil split its stock 7 times between 1951 and 2001, so about once every seven years. If XOM would have kept that pace, about 2-3 stock splits would have occurred between 2001 and today, but there were none - a result of the weak share price performance in that time frame. In fact, shares of Exxon Mobil Corporation only rose by 42% since June 2001, when the last stock split occurred, and today. A 42% stock price increase in 20 years equates to annual returns of 1.8%, which is less than the rate of inflation - and there is no need to split the stock when it only climbs at that rate.</p><p><blockquote>我们看到埃克森美孚在1951年至2001年间将其股票分割了7次，大约每7年一次。如果XOM保持这一速度，从2001年到今天，大约会发生2-3次股票分割，但没有发生——这是该时间段内股价表现疲软的结果。事实上，埃克森美孚公司的股价自2001年6月（上次股票分割发生时）到今天仅上涨了42%。20年内股价上涨42%相当于年回报率1.8%，低于通货膨胀率——而且当股票仅以这个速度攀升时，没有必要分割股票。</blockquote></p><p> Looking at the number of outstanding shares, we see that Exxon Mobil has been an avid repurchaser of shares for prolonged periods in the past, e.g. between 1980 and 2000:</p><p><blockquote>从流通股数量来看，我们发现埃克森美孚在过去很长一段时间内都是股票回购的狂热者，例如1980年至2000年间：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/734fd1f142bcebfaba862b90421b85fe\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <i>Note: This chart uses today's split-adjusted shares</i></p><p><blockquote><i>注：此图表使用今天的分割调整后股票</i></blockquote></p><p> During that time frame, the company split its shares several times, which made sense, as this allowed for increased liquidity and a large float during times when the share count kept declining.</p><p><blockquote>在此期间，该公司多次分割股票，这是有道理的，因为这可以在股票数量持续下降的情况下增加流动性和大量流通量。</blockquote></p><p> The merger with Mobil made XOM's share count climb to around 7 billion shares in 1999 (adjusted for the split in 2001), but even though the share count has declined by a lot since 1999 and 2015, there wasn't a need to split shares another time, as XOM's share price had not moved up by a lot. Following the oil price crash in 2014-2015, Exxon Mobil has not lowered its share count meaningfully, and its shares have declined in that period, which made a stock split even less necessary - after all, why would the company split its stock, if it wasn't climbing anyways and if the share count was pretty constant?</p><p><blockquote>与美孚的合并使XOM的股票数量在1999年攀升至70亿股左右（根据2001年的分拆进行调整），但尽管股票数量自1999年和2015年以来下降了很多，但没有必要再次分拆股票，因为XOM的股价并没有上涨太多。在2014-2015年油价暴跌之后，埃克森美孚并没有大幅降低其股票数量，而且其股价在此期间下跌，这使得股票分割变得更加没有必要——毕竟，如果无论如何都没有攀升并且股票数量相当稳定，该公司为什么要分割股票呢？</blockquote></p><p> <b>Will XOM Stock Split Again</b></p><p><blockquote><b>XOM会再次进行股票分割吗</b></blockquote></p><p> Mostly, stock splits are done due to either of the following two reasons:</p><p><blockquote>大多数情况下，股票分割是出于以下两个原因之一：</blockquote></p><p> - Share prices have climbed by a lot and management believes it makes sense to have more shares at a lower price per share.</p><p><blockquote>-股价大幅上涨，管理层认为以较低的每股价格持有更多股票是有意义的。</blockquote></p><p> - The share count has declined by a lot, and in order to increase liquidity, the company decides to split its shares.</p><p><blockquote>-股份数量下降了很多，为了增加流动性，公司决定拆股。</blockquote></p><p></p><p> One can argue whether that makes sense, but since this method is employed by many companies all around the world, it seems to have its merits. In Exxon Mobil's case, neither of these two reasons are at play right now, which makes me believe that a stock split is unlikely in the foreseeable future.</p><p><blockquote>人们可以争论这是否有意义，但由于这种方法被世界各地的许多公司所采用，它似乎有其优点。就埃克森美孚而言，这两个原因目前都不起作用，这让我相信在可预见的未来不太可能进行股票分割。</blockquote></p><p> Exxon Mobil's share price is not really high, and in fact, it was much higher in the past, at more than $100 per share. Management did not feel a need for a stock split back then, so why would they want to split shares when they are at $60? On top of that, since Exxon Mobil's share count has not declined meaningfully in the recent past, liquidity shouldn't be a concern, either.</p><p><blockquote>埃克森美孚的股价并不是很高，事实上，过去的股价要高得多，每股100多美元。管理层当时并不认为有必要进行股票分割，那么当股价为60美元时，他们为什么要进行股票分割呢？最重要的是，由于埃克森美孚的股票数量最近没有大幅下降，流动性也不应该成为一个问题。</blockquote></p><p> Exxon Mobil's last stock split was done when the company had about 3.5 billion shares pre-split, the split prior to that was done when the company had about 1.3 billion shares pre-split. Stock splits prior to that were oftentimes done at pre-split share counts that were even lower than that. Right now, with 4.2 billion shares, Exxon Mobil's share count is substantially higher, and due to no meaningful buyback activity, it is doubtful whether XOM's share count will decline to a much lower level in the foreseeable future.</p><p><blockquote>埃克森美孚上一次股票分割是在该公司拥有约35亿股分拆前股票时完成的，此前的分割是在该公司拥有约13亿股分拆前股票时完成的。在此之前的股票分割通常是在分割前的股票数量甚至更低的情况下进行的。目前，埃克森美孚的股票数量为42亿股，要高得多，而且由于没有有意义的回购活动，XOM的股票数量在可预见的未来是否会降至更低的水平值得怀疑。</blockquote></p><p> A stock split can, of course, not be ruled out, and it seems very much possible that XOM eventually splits its shares again at some point in the future, but for the next couple of years, this seems like a relatively unlikely scenario to me.</p><p><blockquote>当然，不能排除股票分割的可能性，XOM最终很有可能在未来的某个时候再次分割其股票，但在接下来的几年里，这对我来说似乎是一种相对不太可能的情况。</blockquote></p><p> <b>Is XOM A Good Stock To Buy</b></p><p><blockquote><b>XOM是值得购买的好股票吗</b></blockquote></p><p> Even without a stock split, XOM can, of course, still be a solid investment. Oil prices have rallied quite a lot in 2021, and not surprisingly, shares of oil companies that had floundered in 2020 started to rise again. At $63 per share, XOM has experienced gains of a little more than 50% year-to-date, which is attractive for sure.</p><p><blockquote>当然，即使没有股票分割，XOM仍然可以是一项可靠的投资。2021年油价大幅上涨，毫不奇怪，2020年陷入困境的石油公司股价再次开始上涨。以每股63美元的价格，XOM今年迄今的涨幅略高于50%，这无疑具有吸引力。</blockquote></p><p> Thanks to cuts in capital expenditures and exploration programs from XOM and most of its peers, oil prices could potentially have a lot more room to run in the coming years. A global economic recovery, which will fuel demand for oil and gas, coupled with weak demand growth due to conservative exploration programs could lift oil prices to&nbsp;$100 per barrel&nbsp;in the near term, some analysts believe. I personally don't want to bet on that by buying oil futures, but we generally agree that oil prices could have more room to run over the coming years - massive monetary stimulus that has lifted many commodity prices helps as well.</p><p><blockquote>由于XOM和大多数同行削减了资本支出和勘探计划，油价在未来几年可能有更大的上涨空间。一些分析师认为，全球经济复苏将刺激对石油和天然气的需求，加上保守的勘探计划导致的需求增长疲软，可能会在短期内将油价推升至每桶100美元。我个人不想通过购买石油期货来押注这一点，但我们普遍认为，油价在未来几年可能有更大的上涨空间——提振许多大宗商品价格的大规模货币刺激也有所帮助。</blockquote></p><p> If oil prices do really reach $80, $90, $100, or even more, XOM should do very well, as its portfolio is generally optimized for low break-even costs, which would allow its assets to generate a lot of cash if the oil price environment is conductive. It should, however, be noted that more or less all other oil companies will do well in a high-oil-price environment as well, so this isn't a reason to buy XOM specifically.</p><p><blockquote>如果油价真的达到80美元、90美元、100美元，甚至更高，XOM应该会做得很好，因为其投资组合通常会针对低盈亏平衡成本进行优化，如果油价上涨，这将使其资产产生大量现金环境是导电的。然而，应该指出的是，或多或少所有其他石油公司在高油价环境下也会表现良好，因此这并不是专门购买XOM的理由。</blockquote></p><p> Looking at a comparison between Exxon Mobil and its peers, we see that XOM is quite expensive:</p><p><blockquote>通过埃克森美孚与同行的比较，我们发现XOM相当昂贵：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d23f901e4fbfea943119ab1b094399a7\" tg-width=\"635\" tg-height=\"682\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> XOM, as well as Chevron (CVX), trades at substantial premiums compared to European peers such as BP (BP), Royal Dutch Shell (RDS.A) (RDS.B), and TotalEnergies (TTE). Exxon Mobil's 2021 earnings multiple, its 2022 earnings multiple, and its EV to EBITDA ratio are way higher than those of the European supermajors. Some may prefer the reluctance of XOM and CVX when it comes to ESG approaches, whereas BP, RDS, and TTE seem to be embracing a move towards renewables more ambitiously.</p><p><blockquote>与BP(BP)、荷兰皇家壳牌(RDS.A)(RDS.B)和TotalEnergies(TTE)等欧洲同行相比，XOM和雪佛龙(CVX)的交易价格大幅溢价。埃克森美孚2021年市盈率、2022年市盈率以及EV与EBITDA比率远高于欧洲超级巨头。在ESG方法方面，有些人可能更喜欢XOM和CVX的不情愿，而BP、RDS和TTE似乎更雄心勃勃地转向可再生能源。</blockquote></p><p> XOM and CVX also do have a better dividend track record compared to their European peers, two of which cut their dividends during the pandemic. But I personally do not think that it makes sense to buy shares of a supermajor at 17x forward earnings when other supermajors trade for less than 10x this year's expected profits. If oil prices continue to climb, the European peers will profit just as much, and they do have multiple expansion potential on top of that, which seems less likely for XOM and CVX.</p><p><blockquote>与欧洲同行相比，XOM和CVX也确实拥有更好的股息记录，其中两家在大流行期间削减了股息。但我个人认为，当其他超级巨头的交易价格低于今年预期利润的10倍时，以17倍的预期市盈率购买超级巨头的股票是没有意义的。如果油价继续攀升，欧洲同行也将获得同样多的利润，而且除此之外，他们确实还有多重扩张潜力，这对于XOM和CVX来说似乎不太可能。</blockquote></p><p> When one takes a look outside of the supermajor league, then the Canadian oil sands players do seem like attractive oil price plays as well, due to low cash costs, low-decline assets with long lifespans, and strong cash generation.</p><p><blockquote>当人们把目光投向超级大联盟之外时，加拿大油砂公司似乎也是有吸引力的油价公司，因为现金成本低、资产寿命长、跌幅低、现金生成能力强。</blockquote></p><p> Overall, I think XOM could do well over the coming years as oil prices could easily climb further from the current level, but I don't think that XOM is the best play in the oil space. Other supermajors are much cheaper while providing similar upside if oil prices continue to climb, and more specialized quality players like some of the Canadian oil sands companies or high-quality US shale plays could be better choices than XOM as well. XOM thus looks solid as an oil price play, but there are better options available.</p><p><blockquote>总体而言，我认为XOM在未来几年可能会表现良好，因为油价很容易从当前水平进一步攀升，但我不认为XOM是石油领域的最佳选择。如果油价继续攀升，其他超级巨头的价格要便宜得多，同时也会提供类似的上涨空间，而一些加拿大油砂公司或优质美国页岩油公司等更专业的优质公司也可能是比XOM更好的选择。因此，XOM作为油价走势看起来很稳健，但还有更好的选择。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4437218-will-exxon-mobil-stock-split-again\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"https://seekingalpha.com/article/4437218-will-exxon-mobil-stock-split-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120348430","content_text":"Summary\n\nSome investors do care a lot about stock splits, as those can fuel share price upside, as we saw last year when TSLA and AAPL split their stocks.\nXOM has regularly split its shares in the 20th century, but due to low share price growth, there have not been any splits in the recent past.\nWe believe that another stock split in the foreseeable future is unlikely, but that doesn't mean that XOM must be a bad investment.\n\nYuichiro Chino/Moment via Getty Images\nArticle Thesis\nExxon Mobil Corporation (XOM) has put a lot of effort into reducing its share count in the past, which allowed the company to split its stock from time to time. In recent years, however, free cash flows were not especially strong, and the dividend payments soaked up most of those cash flows, which is why the share count has not declined meaningfully. On top of that, Exxon Mobil's shares have moved sideways for a long period of time, which made a stock split feel unnecessary.\nGoing forward, Exxon Mobil seems to be well-positioned to generate growing cash flows, but buybacks will likely still not be too hefty, as Exxon Mobil also has to improve its balance sheet. I thus don't expect another stock split in the near term, although that doesn't mean that Exxon Mobil must be a bad investment at all.\nXOM Stock Split History\nLooking at Exxon Mobil's share price chart, we see that XOM has moved upwards relatively consistently for decades, up to around 2007. Due to these upward moves, splitting the stock regularly made sense, in order to prevent shares from getting too expensive. For the last 13 years or so, however, XOM has not continued to move up:\nData by YCharts\nInstead, its share price today is well below the $90s that XOM hit more than a decade ago. This can be explained by factors such as lower oil prices, compared to the highs that were hit in 2008, but some capital allocation mistakes, such as the overpriced takeover of XTO Energy, played a role as well. Due to the unconvincing share price performance in more than a decade, there was no need to split the stock further, which is why the last stock split occurred in 2001:\nSource:exxonmobil.com\nWe see that Exxon Mobil split its stock 7 times between 1951 and 2001, so about once every seven years. If XOM would have kept that pace, about 2-3 stock splits would have occurred between 2001 and today, but there were none - a result of the weak share price performance in that time frame. In fact, shares of Exxon Mobil Corporation only rose by 42% since June 2001, when the last stock split occurred, and today. A 42% stock price increase in 20 years equates to annual returns of 1.8%, which is less than the rate of inflation - and there is no need to split the stock when it only climbs at that rate.\nLooking at the number of outstanding shares, we see that Exxon Mobil has been an avid repurchaser of shares for prolonged periods in the past, e.g. between 1980 and 2000:\nData by YCharts\nNote: This chart uses today's split-adjusted shares\nDuring that time frame, the company split its shares several times, which made sense, as this allowed for increased liquidity and a large float during times when the share count kept declining.\nThe merger with Mobil made XOM's share count climb to around 7 billion shares in 1999 (adjusted for the split in 2001), but even though the share count has declined by a lot since 1999 and 2015, there wasn't a need to split shares another time, as XOM's share price had not moved up by a lot. Following the oil price crash in 2014-2015, Exxon Mobil has not lowered its share count meaningfully, and its shares have declined in that period, which made a stock split even less necessary - after all, why would the company split its stock, if it wasn't climbing anyways and if the share count was pretty constant?\nWill XOM Stock Split Again\nMostly, stock splits are done due to either of the following two reasons:\n- Share prices have climbed by a lot and management believes it makes sense to have more shares at a lower price per share.\n- The share count has declined by a lot, and in order to increase liquidity, the company decides to split its shares.\nOne can argue whether that makes sense, but since this method is employed by many companies all around the world, it seems to have its merits. In Exxon Mobil's case, neither of these two reasons are at play right now, which makes me believe that a stock split is unlikely in the foreseeable future.\nExxon Mobil's share price is not really high, and in fact, it was much higher in the past, at more than $100 per share. Management did not feel a need for a stock split back then, so why would they want to split shares when they are at $60? On top of that, since Exxon Mobil's share count has not declined meaningfully in the recent past, liquidity shouldn't be a concern, either.\nExxon Mobil's last stock split was done when the company had about 3.5 billion shares pre-split, the split prior to that was done when the company had about 1.3 billion shares pre-split. Stock splits prior to that were oftentimes done at pre-split share counts that were even lower than that. Right now, with 4.2 billion shares, Exxon Mobil's share count is substantially higher, and due to no meaningful buyback activity, it is doubtful whether XOM's share count will decline to a much lower level in the foreseeable future.\nA stock split can, of course, not be ruled out, and it seems very much possible that XOM eventually splits its shares again at some point in the future, but for the next couple of years, this seems like a relatively unlikely scenario to me.\nIs XOM A Good Stock To Buy\nEven without a stock split, XOM can, of course, still be a solid investment. Oil prices have rallied quite a lot in 2021, and not surprisingly, shares of oil companies that had floundered in 2020 started to rise again. At $63 per share, XOM has experienced gains of a little more than 50% year-to-date, which is attractive for sure.\nThanks to cuts in capital expenditures and exploration programs from XOM and most of its peers, oil prices could potentially have a lot more room to run in the coming years. A global economic recovery, which will fuel demand for oil and gas, coupled with weak demand growth due to conservative exploration programs could lift oil prices to $100 per barrel in the near term, some analysts believe. I personally don't want to bet on that by buying oil futures, but we generally agree that oil prices could have more room to run over the coming years - massive monetary stimulus that has lifted many commodity prices helps as well.\nIf oil prices do really reach $80, $90, $100, or even more, XOM should do very well, as its portfolio is generally optimized for low break-even costs, which would allow its assets to generate a lot of cash if the oil price environment is conductive. It should, however, be noted that more or less all other oil companies will do well in a high-oil-price environment as well, so this isn't a reason to buy XOM specifically.\nLooking at a comparison between Exxon Mobil and its peers, we see that XOM is quite expensive:\nData by YCharts\nXOM, as well as Chevron (CVX), trades at substantial premiums compared to European peers such as BP (BP), Royal Dutch Shell (RDS.A) (RDS.B), and TotalEnergies (TTE). Exxon Mobil's 2021 earnings multiple, its 2022 earnings multiple, and its EV to EBITDA ratio are way higher than those of the European supermajors. Some may prefer the reluctance of XOM and CVX when it comes to ESG approaches, whereas BP, RDS, and TTE seem to be embracing a move towards renewables more ambitiously.\nXOM and CVX also do have a better dividend track record compared to their European peers, two of which cut their dividends during the pandemic. But I personally do not think that it makes sense to buy shares of a supermajor at 17x forward earnings when other supermajors trade for less than 10x this year's expected profits. If oil prices continue to climb, the European peers will profit just as much, and they do have multiple expansion potential on top of that, which seems less likely for XOM and CVX.\nWhen one takes a look outside of the supermajor league, then the Canadian oil sands players do seem like attractive oil price plays as well, due to low cash costs, low-decline assets with long lifespans, and strong cash generation.\nOverall, I think XOM could do well over the coming years as oil prices could easily climb further from the current level, but I don't think that XOM is the best play in the oil space. Other supermajors are much cheaper while providing similar upside if oil prices continue to climb, and more specialized quality players like some of the Canadian oil sands companies or high-quality US shale plays could be better choices than XOM as well. XOM thus looks solid as an oil price play, but there are better options available.","news_type":1,"symbols_score_info":{"XOM":0.9}},"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159737742,"gmtCreate":1624979598586,"gmtModify":1631892383783,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Rip man","listText":"Rip man","text":"Rip man","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159737742","repostId":"1180006824","repostType":4,"repost":{"id":"1180006824","kind":"news","pubTimestamp":1624979545,"share":"https://www.laohu8.com/m/news/1180006824?lang=zh_CN&edition=full","pubTime":"2021-06-29 23:12","market":"us","language":"en","title":"Here’s what inflation’s spike means for stocks now<blockquote>这就是通胀飙升对股市的意义</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180006824","media":"MarketWatch","summary":"Expectations about inflation’s short-term impact on growth- and value stocks have no historical basi","content":"<p>Expectations about inflation’s short-term impact on growth- and value stocks have no historical basis</p><p><blockquote>关于通胀对成长股和价值股的短期影响的预期没有历史依据</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a11ddc0063c90ff3e9f3bfe11e8ad739\" tg-width=\"1260\" tg-height=\"850\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>法新社/盖蒂图片社</span></p></blockquote></p><p> Don’t look to the latest inflation figures to help you time the U.S. stock market’s near-term ups and downs.</p><p><blockquote>不要指望最新的通胀数据来帮助您把握美国股市近期涨跌的时机。</blockquote></p><p> That’s worth keeping in mind because, based on recent experience, you’d be excused for thinking that inflation plays a powerful role in the stock market’s shorter-term gyrations. During the inflation scare between mid-April and mid-May, for example, value stocks outperformed growth stocks — just as conventional wisdom would expect. Since mid-May, inflation worries have receded and value stocks have lagged.</p><p><blockquote>这一点值得记住，因为根据最近的经验，你可以情有可原地认为通货膨胀在股市的短期波动中发挥着重要作用。例如，在4月中旬至5月中旬的通胀恐慌期间，价值股的表现优于成长股——正如传统观点所预期的那样。5月中旬以来，通胀担忧消退，价值股表现落后。</blockquote></p><p> It doesn’t always work out this neatly. In fact, I could find no noteworthy historical relationship between inflation’s short-term trend and the performance of either the stock market as a whole or the relative performance of value- and growth stocks.</p><p><blockquote>事情并不总是这么顺利。事实上，我找不到通胀的短期趋势与整个股市的表现或价值型和成长型股票的相对表现之间有任何值得注意的历史关系。</blockquote></p><p> To search for such correlations, I started by analyzing monthly inflation, interest rates and stock market data from Yale University finance professor Robert Shiller going back to 1871. I calculated the correlation coefficients between inflation and the S&amp;P 500&nbsp;over different short-term periods extending from the trailing one month to trailing 12 months.</p><p><blockquote>为了寻找这种相关性，我首先分析了耶鲁大学金融学教授罗伯特·希勒(Robert Shiller)自1871年以来的每月通胀、利率和股市数据。我计算了从过去一个月到过去12个月的不同短期时期内通胀与标普500之间的相关系数。</blockquote></p><p> I largely came up empty. Consider the extent to which changes in the CPI explain or predict simultaneous changes in the S&amp;P 500 (as measured by a statistic known as r-squared). Regardless of the time horizon between one- and 12 months, the CPI (or its predecessor) since 1871 has been able to predict no more than 4% of the S&amp;P 500’s gyrations. (Note carefully that, when measuring these correlations, I focused on the S&amp;P 500’s inflation-adjusted total return so as not to bias my calculations.)</p><p><blockquote>我基本上一无所获。考虑CPI的变化在多大程度上解释或预测了标普500的同时变化（通过称为r平方的统计数据来衡量）。无论1个月到12个月之间的时间范围如何，自1871年以来，CPI（或其前身）能够预测的标普500波动不超过4%。（请注意，在衡量这些相关性时，我关注的是标普500经通胀调整后的总回报，以免影响我的计算。）</blockquote></p><p> One of the reasons for the absence of a strong correlation is that the stock market has a love-hate relationship with inflation. When investors are more worried about economic weakness, or even deflation, higher inflation is sometimes seen as a good thing. At other times inflation and stocks are inversely correlated.</p><p><blockquote>缺乏强相关性的原因之一是股市与通胀又爱又恨。当投资者更担心经济疲软，甚至通缩时，更高的通胀有时被视为一件好事。在其他时候，通货膨胀和股票呈负相关。</blockquote></p><p> This fluctuating correlation is illustrated in the chart below, which tracks the correlation coefficient between the CPI and the S&amp;P 500’s inflation-adjusted total return over the trailing 12 months. Notice the absence of any consistent relationship.</p><p><blockquote>下图说明了这种波动的相关性，该图表跟踪了过去12个月CPI与标普500经通胀调整后的总回报之间的相关系数。注意没有任何一致的关系。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/12ac0cc9ed7a8d766f3308cbf6daeaf5\" tg-width=\"1260\" tg-height=\"882\"></p><p><blockquote></blockquote></p><p> As a double-check on this surprising conclusion, I reran my analysis focusing on interest rates rather than the CPI. That’s revealing because interest rates reflect not only recent changes in inflation but also expected future inflation. The correlations between short-term movements in interest rates and the stock market were even weaker than when I focused on inflation.</p><p><blockquote>为了仔细检查这个令人惊讶的结论，我重新运行了我的分析，重点是利率而不是CPI。这很有启发性，因为利率不仅反映了近期通胀的变化，还反映了预期的未来通胀。短期利率变动与股市之间的相关性甚至比我关注通胀时还要弱。</blockquote></p><p> <b>Value vs. growth when inflation and interest rates rise</b></p><p><blockquote><b>通货膨胀和利率上升时的价值与增长</b></blockquote></p><p> What about value’s performance relative to growth? Surely it historically has followed the same pattern we’ve seen over the past couple of months?</p><p><blockquote>价值相对于增长的表现如何？从历史上看，它肯定遵循了我们在过去几个月中看到的相同模式吗？</blockquote></p><p> Not so. To reach that counterintuitive conclusion, I analyzed the monthly returns of U.S. value and growth stocks since 1926, courtesy of data from Dartmouth College finance professor Ken French. (Specifically, the value stock portfolio contained the 30% of the U.S. market with the lowest book/market ratios, while the growth stock portfolio contained the 30% with the highest such ratios.) When focusing on all trailing time periods from one- to 12 months, I found no statistically significant correlation between inflation and the relative performance of value and growth stocks.</p><p><blockquote>不是这样的。为了得出这个违反直觉的结论，我分析了自1926年以来美国价值型和成长型股票的月回报率，数据来自达特茅斯学院金融学教授肯·弗伦奇。（具体来说，价值股投资组合包含美国市场账面/市值比率最低的30%，而成长股投资组合包含此类比率最高的30%。）当关注从1个月到12个月的所有跟踪时间段时，我发现通货膨胀与价值股和成长股的相对表现之间没有统计上显着的相关性。</blockquote></p><p> Even more surprising is what emerged when focusing on the relationship between interest rates and value’s performance relative to growth: I found an inverse correlation. That is just the opposite of what we saw over the past couple of months, and the opposite of what conventional wisdom teaches us about how value stocks should perform in a rising interest rate environment.</p><p><blockquote>更令人惊讶的是，当我关注利率和价值相对于增长的表现之间的关系时，我发现了负相关。这与我们过去几个月所看到的恰恰相反，也与传统智慧告诉我们的价值股在利率上升的环境中应该如何表现的观点相反。</blockquote></p><p> My analysis doesn’t suggest that investors should now do the opposite, betting on value when previously they bet on growth, or vice versa. The point of this analysis is that there’s an unsteady and often insignificant historical relationship between inflation and interest rates, on the one hand, and the stock market and value’s performance relative to growth, on the other.</p><p><blockquote>我的分析并不表明投资者现在应该反其道而行之，在之前押注增长时押注价值，反之亦然。这一分析的要点是，一方面，通货膨胀和利率与股票市场和价值相对于增长的表现之间存在不稳定且往往微不足道的历史关系。</blockquote></p><p> Short-term stock-market timers need to look elsewhere for stronger clues as to where the market is headed.</p><p><blockquote>短期股市计时器需要在其他地方寻找有关市场走向的更强有力的线索。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here’s what inflation’s spike means for stocks now<blockquote>这就是通胀飙升对股市的意义</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere’s what inflation’s spike means for stocks now<blockquote>这就是通胀飙升对股市的意义</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-06-29 23:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Expectations about inflation’s short-term impact on growth- and value stocks have no historical basis</p><p><blockquote>关于通胀对成长股和价值股的短期影响的预期没有历史依据</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a11ddc0063c90ff3e9f3bfe11e8ad739\" tg-width=\"1260\" tg-height=\"850\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>法新社/盖蒂图片社</span></p></blockquote></p><p> Don’t look to the latest inflation figures to help you time the U.S. stock market’s near-term ups and downs.</p><p><blockquote>不要指望最新的通胀数据来帮助您把握美国股市近期涨跌的时机。</blockquote></p><p> That’s worth keeping in mind because, based on recent experience, you’d be excused for thinking that inflation plays a powerful role in the stock market’s shorter-term gyrations. During the inflation scare between mid-April and mid-May, for example, value stocks outperformed growth stocks — just as conventional wisdom would expect. Since mid-May, inflation worries have receded and value stocks have lagged.</p><p><blockquote>这一点值得记住，因为根据最近的经验，你可以情有可原地认为通货膨胀在股市的短期波动中发挥着重要作用。例如，在4月中旬至5月中旬的通胀恐慌期间，价值股的表现优于成长股——正如传统观点所预期的那样。5月中旬以来，通胀担忧消退，价值股表现落后。</blockquote></p><p> It doesn’t always work out this neatly. In fact, I could find no noteworthy historical relationship between inflation’s short-term trend and the performance of either the stock market as a whole or the relative performance of value- and growth stocks.</p><p><blockquote>事情并不总是这么顺利。事实上，我找不到通胀的短期趋势与整个股市的表现或价值型和成长型股票的相对表现之间有任何值得注意的历史关系。</blockquote></p><p> To search for such correlations, I started by analyzing monthly inflation, interest rates and stock market data from Yale University finance professor Robert Shiller going back to 1871. I calculated the correlation coefficients between inflation and the S&amp;P 500&nbsp;over different short-term periods extending from the trailing one month to trailing 12 months.</p><p><blockquote>为了寻找这种相关性，我首先分析了耶鲁大学金融学教授罗伯特·希勒(Robert Shiller)自1871年以来的每月通胀、利率和股市数据。我计算了从过去一个月到过去12个月的不同短期时期内通胀与标普500之间的相关系数。</blockquote></p><p> I largely came up empty. Consider the extent to which changes in the CPI explain or predict simultaneous changes in the S&amp;P 500 (as measured by a statistic known as r-squared). Regardless of the time horizon between one- and 12 months, the CPI (or its predecessor) since 1871 has been able to predict no more than 4% of the S&amp;P 500’s gyrations. (Note carefully that, when measuring these correlations, I focused on the S&amp;P 500’s inflation-adjusted total return so as not to bias my calculations.)</p><p><blockquote>我基本上一无所获。考虑CPI的变化在多大程度上解释或预测了标普500的同时变化（通过称为r平方的统计数据来衡量）。无论1个月到12个月之间的时间范围如何，自1871年以来，CPI（或其前身）能够预测的标普500波动不超过4%。（请注意，在衡量这些相关性时，我关注的是标普500经通胀调整后的总回报，以免影响我的计算。）</blockquote></p><p> One of the reasons for the absence of a strong correlation is that the stock market has a love-hate relationship with inflation. When investors are more worried about economic weakness, or even deflation, higher inflation is sometimes seen as a good thing. At other times inflation and stocks are inversely correlated.</p><p><blockquote>缺乏强相关性的原因之一是股市与通胀又爱又恨。当投资者更担心经济疲软，甚至通缩时，更高的通胀有时被视为一件好事。在其他时候，通货膨胀和股票呈负相关。</blockquote></p><p> This fluctuating correlation is illustrated in the chart below, which tracks the correlation coefficient between the CPI and the S&amp;P 500’s inflation-adjusted total return over the trailing 12 months. Notice the absence of any consistent relationship.</p><p><blockquote>下图说明了这种波动的相关性，该图表跟踪了过去12个月CPI与标普500经通胀调整后的总回报之间的相关系数。注意没有任何一致的关系。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/12ac0cc9ed7a8d766f3308cbf6daeaf5\" tg-width=\"1260\" tg-height=\"882\"></p><p><blockquote></blockquote></p><p> As a double-check on this surprising conclusion, I reran my analysis focusing on interest rates rather than the CPI. That’s revealing because interest rates reflect not only recent changes in inflation but also expected future inflation. The correlations between short-term movements in interest rates and the stock market were even weaker than when I focused on inflation.</p><p><blockquote>为了仔细检查这个令人惊讶的结论，我重新运行了我的分析，重点是利率而不是CPI。这很有启发性，因为利率不仅反映了近期通胀的变化，还反映了预期的未来通胀。短期利率变动与股市之间的相关性甚至比我关注通胀时还要弱。</blockquote></p><p> <b>Value vs. growth when inflation and interest rates rise</b></p><p><blockquote><b>通货膨胀和利率上升时的价值与增长</b></blockquote></p><p> What about value’s performance relative to growth? Surely it historically has followed the same pattern we’ve seen over the past couple of months?</p><p><blockquote>价值相对于增长的表现如何？从历史上看，它肯定遵循了我们在过去几个月中看到的相同模式吗？</blockquote></p><p> Not so. To reach that counterintuitive conclusion, I analyzed the monthly returns of U.S. value and growth stocks since 1926, courtesy of data from Dartmouth College finance professor Ken French. (Specifically, the value stock portfolio contained the 30% of the U.S. market with the lowest book/market ratios, while the growth stock portfolio contained the 30% with the highest such ratios.) When focusing on all trailing time periods from one- to 12 months, I found no statistically significant correlation between inflation and the relative performance of value and growth stocks.</p><p><blockquote>不是这样的。为了得出这个违反直觉的结论，我分析了自1926年以来美国价值型和成长型股票的月回报率，数据来自达特茅斯学院金融学教授肯·弗伦奇。（具体来说，价值股投资组合包含美国市场账面/市值比率最低的30%，而成长股投资组合包含此类比率最高的30%。）当关注从1个月到12个月的所有跟踪时间段时，我发现通货膨胀与价值股和成长股的相对表现之间没有统计上显着的相关性。</blockquote></p><p> Even more surprising is what emerged when focusing on the relationship between interest rates and value’s performance relative to growth: I found an inverse correlation. That is just the opposite of what we saw over the past couple of months, and the opposite of what conventional wisdom teaches us about how value stocks should perform in a rising interest rate environment.</p><p><blockquote>更令人惊讶的是，当我关注利率和价值相对于增长的表现之间的关系时，我发现了负相关。这与我们过去几个月所看到的恰恰相反，也与传统智慧告诉我们的价值股在利率上升的环境中应该如何表现的观点相反。</blockquote></p><p> My analysis doesn’t suggest that investors should now do the opposite, betting on value when previously they bet on growth, or vice versa. The point of this analysis is that there’s an unsteady and often insignificant historical relationship between inflation and interest rates, on the one hand, and the stock market and value’s performance relative to growth, on the other.</p><p><blockquote>我的分析并不表明投资者现在应该反其道而行之，在之前押注增长时押注价值，反之亦然。这一分析的要点是，一方面，通货膨胀和利率与股票市场和价值相对于增长的表现之间存在不稳定且往往微不足道的历史关系。</blockquote></p><p> Short-term stock-market timers need to look elsewhere for stronger clues as to where the market is headed.</p><p><blockquote>短期股市计时器需要在其他地方寻找有关市场走向的更强有力的线索。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/heres-what-inflations-spike-means-for-stocks-now-11624928059?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/heres-what-inflations-spike-means-for-stocks-now-11624928059?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180006824","content_text":"Expectations about inflation’s short-term impact on growth- and value stocks have no historical basis\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nDon’t look to the latest inflation figures to help you time the U.S. stock market’s near-term ups and downs.\nThat’s worth keeping in mind because, based on recent experience, you’d be excused for thinking that inflation plays a powerful role in the stock market’s shorter-term gyrations. During the inflation scare between mid-April and mid-May, for example, value stocks outperformed growth stocks — just as conventional wisdom would expect. Since mid-May, inflation worries have receded and value stocks have lagged.\nIt doesn’t always work out this neatly. In fact, I could find no noteworthy historical relationship between inflation’s short-term trend and the performance of either the stock market as a whole or the relative performance of value- and growth stocks.\nTo search for such correlations, I started by analyzing monthly inflation, interest rates and stock market data from Yale University finance professor Robert Shiller going back to 1871. I calculated the correlation coefficients between inflation and the S&P 500 over different short-term periods extending from the trailing one month to trailing 12 months.\nI largely came up empty. Consider the extent to which changes in the CPI explain or predict simultaneous changes in the S&P 500 (as measured by a statistic known as r-squared). Regardless of the time horizon between one- and 12 months, the CPI (or its predecessor) since 1871 has been able to predict no more than 4% of the S&P 500’s gyrations. (Note carefully that, when measuring these correlations, I focused on the S&P 500’s inflation-adjusted total return so as not to bias my calculations.)\nOne of the reasons for the absence of a strong correlation is that the stock market has a love-hate relationship with inflation. When investors are more worried about economic weakness, or even deflation, higher inflation is sometimes seen as a good thing. At other times inflation and stocks are inversely correlated.\nThis fluctuating correlation is illustrated in the chart below, which tracks the correlation coefficient between the CPI and the S&P 500’s inflation-adjusted total return over the trailing 12 months. Notice the absence of any consistent relationship.\n\nAs a double-check on this surprising conclusion, I reran my analysis focusing on interest rates rather than the CPI. That’s revealing because interest rates reflect not only recent changes in inflation but also expected future inflation. The correlations between short-term movements in interest rates and the stock market were even weaker than when I focused on inflation.\nValue vs. growth when inflation and interest rates rise\nWhat about value’s performance relative to growth? Surely it historically has followed the same pattern we’ve seen over the past couple of months?\nNot so. To reach that counterintuitive conclusion, I analyzed the monthly returns of U.S. value and growth stocks since 1926, courtesy of data from Dartmouth College finance professor Ken French. (Specifically, the value stock portfolio contained the 30% of the U.S. market with the lowest book/market ratios, while the growth stock portfolio contained the 30% with the highest such ratios.) When focusing on all trailing time periods from one- to 12 months, I found no statistically significant correlation between inflation and the relative performance of value and growth stocks.\nEven more surprising is what emerged when focusing on the relationship between interest rates and value’s performance relative to growth: I found an inverse correlation. That is just the opposite of what we saw over the past couple of months, and the opposite of what conventional wisdom teaches us about how value stocks should perform in a rising interest rate environment.\nMy analysis doesn’t suggest that investors should now do the opposite, betting on value when previously they bet on growth, or vice versa. The point of this analysis is that there’s an unsteady and often insignificant historical relationship between inflation and interest rates, on the one hand, and the stock market and value’s performance relative to growth, on the other.\nShort-term stock-market timers need to look elsewhere for stronger clues as to where the market is headed.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150661975,"gmtCreate":1624896600797,"gmtModify":1631887210110,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Get rich","listText":"Get rich","text":"Get rich","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/150661975","repostId":"1124372919","repostType":2,"isVote":1,"tweetType":1,"viewCount":431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150663467,"gmtCreate":1624896586259,"gmtModify":1631892383796,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150663467","repostId":"2146002845","repostType":4,"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124062344,"gmtCreate":1624708791888,"gmtModify":1631892383805,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Okok","listText":"Okok","text":"Okok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/124062344","repostId":"1164137597","repostType":4,"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126175038,"gmtCreate":1624549402924,"gmtModify":1631892383819,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Its great","listText":"Its great","text":"Its great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126175038","repostId":"1161267930","repostType":4,"isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":173197807,"gmtCreate":1626631964209,"gmtModify":1631891184632,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Like commeny ty","listText":"Like commeny ty","text":"Like commeny ty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/173197807","repostId":"1139907709","repostType":4,"repost":{"id":"1139907709","kind":"news","pubTimestamp":1626568617,"share":"https://www.laohu8.com/m/news/1139907709?lang=zh_CN&edition=full","pubTime":"2021-07-18 08:36","market":"us","language":"en","title":"Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World<blockquote>华尔街罪与罚：托马斯·F·奎因的疯狂、疯狂、疯狂、疯狂的世界</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139907709","media":"Benzinga","summary":"Does crime pay?\nIn August 1988, French authorities arrested an American expatriate named Thomas F. Q","content":"<p><div> Does crime pay? In August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million. As ...</p><p><blockquote><div>犯罪有报酬吗？1988年8月，法国当局逮捕了一位名叫托马斯·F·奎因的美国侨民，罪名是他策划了一项全球证券计划，诈骗投资者5亿美元。作为...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World<blockquote>华尔街罪与罚：托马斯·F·奎因的疯狂、疯狂、疯狂、疯狂的世界</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\">\nWall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World<blockquote>华尔街罪与罚：托马斯·F·奎因的疯狂、疯狂、疯狂、疯狂的世界</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-07-18 08:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Does crime pay? In August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million. As ...</p><p><blockquote><div>犯罪有报酬吗？1988年8月，法国当局逮捕了一位名叫托马斯·F·奎因的美国侨民，罪名是他策划了一项全球证券计划，诈骗投资者5亿美元。作为...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139907709","content_text":"Does crime pay?\nIn August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million.\nAs an unapologetic financial miscreant with a lifelong penchant for fraud, the French escapade represented something of a career peak for Quinn, whose flair of swindling took on an astonishing level of organizing that left no corner of the world untouched.\nIllusory Assets For Sale:Thomas Francis Quinn was born in Brooklyn in 1932; his father drove a cement truck and his mother was a housewife who made extra money selling clothing and jewelry from the family’s garage.\nQuinn was an altar boy in his childhood and was the first member of his family to pursue higher education, graduating from St. John’s University Law School and passing the bar in 1962.\nQuinn opted to go into business for himself, starting a brokerage firm in New York called Thomas, Williams & Lee.The main focus of this firm became the promotion of Kent Industries,a company that claimed to own Florida property valued at $2 million.\nThere was a slight problem — Kent Industries didn’t own anything in the Sunshine State, and this inconvenient fact helped to introduce Quinn to the U.S. Securities and Exchange Commission (SEC).\nLong story short: Quinn received a lifetime banishment from the SEC in 1966 from doing business with brokers and dealers thanks to what the agency defined as his “flagrant fraudulent practices” related to the Kent Industries assets, which the regulator considered to be “almost completely illusory.”\nThe U.S. Department of Justice (DOJ) was a bit slower in dealing with Quinn, but by 1970 he was sent to jail for six months and was later permanently disbarred from practicing law.\nA Job With The Mob:Prior to losing his law license, Quinn gained a partnership in a New York-based securities law firm that set off several alarms among federal law enforcement agencies. Indeed, an FBI report from 1983 recalled this firm’s chief focus was being responsible for the “funds of hoodlum-controlled companies.”\nQuinn was on both the FBI’s and SEC’s respective radars in the early 1980s for his role with two companies,Sundance Gold Mining and Aquarius Gold Exploration, that claimed to have discovered gold in Suriname. The companies created a flurry of excitement among investors, but an investigation into their operations found a hitherto undeclared connection with the Genovese crime family.\nThe SEC filed a civil complaint against Quinn in 1983, charging him with fraudulently manipulating and promoting the companies’ stocks.\nThree years later, he reached a settlement with the regulator by agreeing to permanently stay away from anything related to securities.\nThe FBI, despite finding Mafia fingerprints in Quinn’s business affairs, declined to press charges against him.\nRealizing that he wore out his welcome in his home country, Quinn and his common-law wife Rochelle Rothfleisch decided to relocate to France and to up his game to an unprecedented operation.\nBoiler Room Follies:The circumstances and details of how Quinn built his swindling masterpiece are a bit fuzzy, but it is believed that the scheme was first hatched in 1984 and was coordinated out of his $6 million villa in the south of France.\nQuinn set up an archipelago of offices in several European countries and in Dubai, Jamaica and the tiny South Pacific island nation of Vanuatu, and he gave them phony names that sounded similar to respectable brokerages.\nEach office was staffed with salesmen who were tasked to sell stocks for 20 U.S. corporations to individual investors around the world. The stocks in question were mostly shell companies trading on the over-the-counter exchanges that Quinn picked up for pennies, but they were resold by Quinn’s salesmen at inflated amounts.\nThe investors were culled from mailing lists sold by publishing companies and professional organizations, as well as from respondents to advertisements placed in newsletters focused on the over-the-counter markets.\nQuinn’s henchmen would telephone the investors — nearly all of whom were novices to investing — and do a high-pressure sales spiel that, more often than not, resulted in the separation of the gullible targets from their money.\nQuinn’s team aimed at European, Australian, Middle Eastern and Hong Kong neophyte investors. The only country off-limits from this scheme was the U.S. Quinn was already on the FBI’s radar and the last thing he wanted was to give them cause to pursue him anew.\nA Temporary Setback: In 1988, Quinn’s arrest in France saw him charged with securities fraud, forgery of administrative documents and the possession of two fake Greek passports. His detention and the subsequent arrest of 20 of his salesmen created a fascinating dilemma for banking and law enforcement agencies in multiple countries.\nFor starters, no one could easily figure out where the majority of Quinn’s $500 million in ill-gotten gains wound up. Transfers were traced through banks in Switzerland, Luxembourg and Gibraltar, as well as the beleaguered Bank of Credit and Commerce International in Tampa, Florida, which gained national attention as a favored depository for those involved in drug money laundering. But where the money eventually landed was anyone’s guess, and Quinn’s talent for adopting aliases to cover his business tracks confounded investigators.\nAlso, it was unclear regarding how many people were swindled. A pair of class-action lawsuits brought out a total of 500 people trying to regain their money, but some observers of this case speculated the number could have been higher — some investors might have seen Quinn’s scam as a means of evading local taxes and foreign currency exchanges and would then have to answer to their authorities if this chicanery came to light.\nThe SEC got into the picture because the stocks being sold in the scheme were all U.S. companies. The agency hosted a meeting in Washington D.C. with law enforcement officers and prosecutors from eight European countries and Australia, with the hopes of sorting out the mess. But since no Americans were defrauded in this elaborate charade, Quinn did not face criminal charges in his own country, although the SEC temporarily froze his U.S. assets.\nIn France, Quinn was initially released after agreeing to reimburse his French victims but was arrested again when the Swiss government demanded his extradition.\nHe came to trial in 1991 and was only sentenced to four years in prison, but his sentence was reduced to include time served and he was extradited to Switzerland.\nHis Alpine detention was brief and by the mid-1990s he returned to the U.S. and rented a luxury home in Greenwich, Connecticut, a swanky suburb of New York City.\nAn Eventual Stumble:One of Quinn’s neighbors in Greenwich wasMartin Frankel,a financier with his own addiction to swindling.\nIn 1999, the Wall Street Journal used anonymous “people familiar with the matter” to claim Quinn assisted Frankel in his efforts to raise money for a controlled investment fund designed to buy insurance companies — but this turned out to be an embezzlement scam that resulted in Frankel fleeing the U.S. to Germany on a phony passport.\nFrankel was eventually extradited and spent nearly two decades in prison, but Quinn was never charged for being a partner in Frankel’s shenanigans.\nFor most of the 1990s and the 2000s, Quinn kept a very low public profile, although law enforcement tracked his travels to such far-flung places as the Maldives and the United Arab Emirates.\nIn 2004, he made a rare appearance at the Irish Derby as the co-owner of the winning thoroughbred Grey Swallow. Photographs of Quinn with the winning racehorse marked the only time that he was ever photographed in a public gathering. (Copyright restrictions prevent us from reprinting the photograph here, butthis linkon the RTE website shows Quinn, standing second from right, at the conclusion of the championship race.)\nIn November 2009, Quinn’s luck finally ran out. On a trip back from Ireland to New York’s JFK International Airport, he was arrested for his role within a ring of embezzlers that sought to defraud a pair of British telecommunications companies out of more than $60 million. The scheme had the global hallmarks of Quinn’s earlier criminal triumph, with funds being disbursed to seven countries across four continents.\nQuinn was immediately jailed upon his arrest and was denied bail because it was feared he would attempt to flee the country. He eventually pleaded guilty to a single count of wire fraud and, despite exhortations to avoid prison due to health problems, he was sentenced in March 2013 to 84 months in prison. He was released in May 2016.\nWhat became of Quinn since his release is unknown. No obituary for him has been published, and he would be 89 years old if he is still alive.\nOne information-tracking website listed him residing at a Brooklyn address, but the website also listed an accompanying telephone number that is not in service. Any readers who may have information on Quinn’s whereabouts should contact us and we will offer an update on his story.\nQuinn rarely spoke to anyone about his criminal activities. During an investigative session after his final arrest, he reportedly would only answer questions through a series of eyelid blinks. When a reporter sought to interview him in 1995, he demanded his privacy.\n\"Just forget me,\" Quinn said. \"I've got a lot of trouble and a lot of personal grief. I'm just trying to get on with my life. I'm not in the securities business and never will be again.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1689,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148342885,"gmtCreate":1625938986647,"gmtModify":1631891184682,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Like com","listText":"Like com","text":"Like com","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/148342885","repostId":"2150370120","repostType":4,"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145155266,"gmtCreate":1626210318755,"gmtModify":1631891184670,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Like comment","listText":"Like comment","text":"Like comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/145155266","repostId":"1129044669","repostType":4,"isVote":1,"tweetType":1,"viewCount":2648,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159737742,"gmtCreate":1624979598586,"gmtModify":1631892383783,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Rip man","listText":"Rip man","text":"Rip man","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159737742","repostId":"1180006824","repostType":4,"repost":{"id":"1180006824","kind":"news","pubTimestamp":1624979545,"share":"https://www.laohu8.com/m/news/1180006824?lang=zh_CN&edition=full","pubTime":"2021-06-29 23:12","market":"us","language":"en","title":"Here’s what inflation’s spike means for stocks now<blockquote>这就是通胀飙升对股市的意义</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180006824","media":"MarketWatch","summary":"Expectations about inflation’s short-term impact on growth- and value stocks have no historical basi","content":"<p>Expectations about inflation’s short-term impact on growth- and value stocks have no historical basis</p><p><blockquote>关于通胀对成长股和价值股的短期影响的预期没有历史依据</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a11ddc0063c90ff3e9f3bfe11e8ad739\" tg-width=\"1260\" tg-height=\"850\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>法新社/盖蒂图片社</span></p></blockquote></p><p> Don’t look to the latest inflation figures to help you time the U.S. stock market’s near-term ups and downs.</p><p><blockquote>不要指望最新的通胀数据来帮助您把握美国股市近期涨跌的时机。</blockquote></p><p> That’s worth keeping in mind because, based on recent experience, you’d be excused for thinking that inflation plays a powerful role in the stock market’s shorter-term gyrations. During the inflation scare between mid-April and mid-May, for example, value stocks outperformed growth stocks — just as conventional wisdom would expect. Since mid-May, inflation worries have receded and value stocks have lagged.</p><p><blockquote>这一点值得记住，因为根据最近的经验，你可以情有可原地认为通货膨胀在股市的短期波动中发挥着重要作用。例如，在4月中旬至5月中旬的通胀恐慌期间，价值股的表现优于成长股——正如传统观点所预期的那样。5月中旬以来，通胀担忧消退，价值股表现落后。</blockquote></p><p> It doesn’t always work out this neatly. In fact, I could find no noteworthy historical relationship between inflation’s short-term trend and the performance of either the stock market as a whole or the relative performance of value- and growth stocks.</p><p><blockquote>事情并不总是这么顺利。事实上，我找不到通胀的短期趋势与整个股市的表现或价值型和成长型股票的相对表现之间有任何值得注意的历史关系。</blockquote></p><p> To search for such correlations, I started by analyzing monthly inflation, interest rates and stock market data from Yale University finance professor Robert Shiller going back to 1871. I calculated the correlation coefficients between inflation and the S&amp;P 500&nbsp;over different short-term periods extending from the trailing one month to trailing 12 months.</p><p><blockquote>为了寻找这种相关性，我首先分析了耶鲁大学金融学教授罗伯特·希勒(Robert Shiller)自1871年以来的每月通胀、利率和股市数据。我计算了从过去一个月到过去12个月的不同短期时期内通胀与标普500之间的相关系数。</blockquote></p><p> I largely came up empty. Consider the extent to which changes in the CPI explain or predict simultaneous changes in the S&amp;P 500 (as measured by a statistic known as r-squared). Regardless of the time horizon between one- and 12 months, the CPI (or its predecessor) since 1871 has been able to predict no more than 4% of the S&amp;P 500’s gyrations. (Note carefully that, when measuring these correlations, I focused on the S&amp;P 500’s inflation-adjusted total return so as not to bias my calculations.)</p><p><blockquote>我基本上一无所获。考虑CPI的变化在多大程度上解释或预测了标普500的同时变化（通过称为r平方的统计数据来衡量）。无论1个月到12个月之间的时间范围如何，自1871年以来，CPI（或其前身）能够预测的标普500波动不超过4%。（请注意，在衡量这些相关性时，我关注的是标普500经通胀调整后的总回报，以免影响我的计算。）</blockquote></p><p> One of the reasons for the absence of a strong correlation is that the stock market has a love-hate relationship with inflation. When investors are more worried about economic weakness, or even deflation, higher inflation is sometimes seen as a good thing. At other times inflation and stocks are inversely correlated.</p><p><blockquote>缺乏强相关性的原因之一是股市与通胀又爱又恨。当投资者更担心经济疲软，甚至通缩时，更高的通胀有时被视为一件好事。在其他时候，通货膨胀和股票呈负相关。</blockquote></p><p> This fluctuating correlation is illustrated in the chart below, which tracks the correlation coefficient between the CPI and the S&amp;P 500’s inflation-adjusted total return over the trailing 12 months. Notice the absence of any consistent relationship.</p><p><blockquote>下图说明了这种波动的相关性，该图表跟踪了过去12个月CPI与标普500经通胀调整后的总回报之间的相关系数。注意没有任何一致的关系。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/12ac0cc9ed7a8d766f3308cbf6daeaf5\" tg-width=\"1260\" tg-height=\"882\"></p><p><blockquote></blockquote></p><p> As a double-check on this surprising conclusion, I reran my analysis focusing on interest rates rather than the CPI. That’s revealing because interest rates reflect not only recent changes in inflation but also expected future inflation. The correlations between short-term movements in interest rates and the stock market were even weaker than when I focused on inflation.</p><p><blockquote>为了仔细检查这个令人惊讶的结论，我重新运行了我的分析，重点是利率而不是CPI。这很有启发性，因为利率不仅反映了近期通胀的变化，还反映了预期的未来通胀。短期利率变动与股市之间的相关性甚至比我关注通胀时还要弱。</blockquote></p><p> <b>Value vs. growth when inflation and interest rates rise</b></p><p><blockquote><b>通货膨胀和利率上升时的价值与增长</b></blockquote></p><p> What about value’s performance relative to growth? Surely it historically has followed the same pattern we’ve seen over the past couple of months?</p><p><blockquote>价值相对于增长的表现如何？从历史上看，它肯定遵循了我们在过去几个月中看到的相同模式吗？</blockquote></p><p> Not so. To reach that counterintuitive conclusion, I analyzed the monthly returns of U.S. value and growth stocks since 1926, courtesy of data from Dartmouth College finance professor Ken French. (Specifically, the value stock portfolio contained the 30% of the U.S. market with the lowest book/market ratios, while the growth stock portfolio contained the 30% with the highest such ratios.) When focusing on all trailing time periods from one- to 12 months, I found no statistically significant correlation between inflation and the relative performance of value and growth stocks.</p><p><blockquote>不是这样的。为了得出这个违反直觉的结论，我分析了自1926年以来美国价值型和成长型股票的月回报率，数据来自达特茅斯学院金融学教授肯·弗伦奇。（具体来说，价值股投资组合包含美国市场账面/市值比率最低的30%，而成长股投资组合包含此类比率最高的30%。）当关注从1个月到12个月的所有跟踪时间段时，我发现通货膨胀与价值股和成长股的相对表现之间没有统计上显着的相关性。</blockquote></p><p> Even more surprising is what emerged when focusing on the relationship between interest rates and value’s performance relative to growth: I found an inverse correlation. That is just the opposite of what we saw over the past couple of months, and the opposite of what conventional wisdom teaches us about how value stocks should perform in a rising interest rate environment.</p><p><blockquote>更令人惊讶的是，当我关注利率和价值相对于增长的表现之间的关系时，我发现了负相关。这与我们过去几个月所看到的恰恰相反，也与传统智慧告诉我们的价值股在利率上升的环境中应该如何表现的观点相反。</blockquote></p><p> My analysis doesn’t suggest that investors should now do the opposite, betting on value when previously they bet on growth, or vice versa. The point of this analysis is that there’s an unsteady and often insignificant historical relationship between inflation and interest rates, on the one hand, and the stock market and value’s performance relative to growth, on the other.</p><p><blockquote>我的分析并不表明投资者现在应该反其道而行之，在之前押注增长时押注价值，反之亦然。这一分析的要点是，一方面，通货膨胀和利率与股票市场和价值相对于增长的表现之间存在不稳定且往往微不足道的历史关系。</blockquote></p><p> Short-term stock-market timers need to look elsewhere for stronger clues as to where the market is headed.</p><p><blockquote>短期股市计时器需要在其他地方寻找有关市场走向的更强有力的线索。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here’s what inflation’s spike means for stocks now<blockquote>这就是通胀飙升对股市的意义</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere’s what inflation’s spike means for stocks now<blockquote>这就是通胀飙升对股市的意义</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-06-29 23:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Expectations about inflation’s short-term impact on growth- and value stocks have no historical basis</p><p><blockquote>关于通胀对成长股和价值股的短期影响的预期没有历史依据</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a11ddc0063c90ff3e9f3bfe11e8ad739\" tg-width=\"1260\" tg-height=\"850\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>法新社/盖蒂图片社</span></p></blockquote></p><p> Don’t look to the latest inflation figures to help you time the U.S. stock market’s near-term ups and downs.</p><p><blockquote>不要指望最新的通胀数据来帮助您把握美国股市近期涨跌的时机。</blockquote></p><p> That’s worth keeping in mind because, based on recent experience, you’d be excused for thinking that inflation plays a powerful role in the stock market’s shorter-term gyrations. During the inflation scare between mid-April and mid-May, for example, value stocks outperformed growth stocks — just as conventional wisdom would expect. Since mid-May, inflation worries have receded and value stocks have lagged.</p><p><blockquote>这一点值得记住，因为根据最近的经验，你可以情有可原地认为通货膨胀在股市的短期波动中发挥着重要作用。例如，在4月中旬至5月中旬的通胀恐慌期间，价值股的表现优于成长股——正如传统观点所预期的那样。5月中旬以来，通胀担忧消退，价值股表现落后。</blockquote></p><p> It doesn’t always work out this neatly. In fact, I could find no noteworthy historical relationship between inflation’s short-term trend and the performance of either the stock market as a whole or the relative performance of value- and growth stocks.</p><p><blockquote>事情并不总是这么顺利。事实上，我找不到通胀的短期趋势与整个股市的表现或价值型和成长型股票的相对表现之间有任何值得注意的历史关系。</blockquote></p><p> To search for such correlations, I started by analyzing monthly inflation, interest rates and stock market data from Yale University finance professor Robert Shiller going back to 1871. I calculated the correlation coefficients between inflation and the S&amp;P 500&nbsp;over different short-term periods extending from the trailing one month to trailing 12 months.</p><p><blockquote>为了寻找这种相关性，我首先分析了耶鲁大学金融学教授罗伯特·希勒(Robert Shiller)自1871年以来的每月通胀、利率和股市数据。我计算了从过去一个月到过去12个月的不同短期时期内通胀与标普500之间的相关系数。</blockquote></p><p> I largely came up empty. Consider the extent to which changes in the CPI explain or predict simultaneous changes in the S&amp;P 500 (as measured by a statistic known as r-squared). Regardless of the time horizon between one- and 12 months, the CPI (or its predecessor) since 1871 has been able to predict no more than 4% of the S&amp;P 500’s gyrations. (Note carefully that, when measuring these correlations, I focused on the S&amp;P 500’s inflation-adjusted total return so as not to bias my calculations.)</p><p><blockquote>我基本上一无所获。考虑CPI的变化在多大程度上解释或预测了标普500的同时变化（通过称为r平方的统计数据来衡量）。无论1个月到12个月之间的时间范围如何，自1871年以来，CPI（或其前身）能够预测的标普500波动不超过4%。（请注意，在衡量这些相关性时，我关注的是标普500经通胀调整后的总回报，以免影响我的计算。）</blockquote></p><p> One of the reasons for the absence of a strong correlation is that the stock market has a love-hate relationship with inflation. When investors are more worried about economic weakness, or even deflation, higher inflation is sometimes seen as a good thing. At other times inflation and stocks are inversely correlated.</p><p><blockquote>缺乏强相关性的原因之一是股市与通胀又爱又恨。当投资者更担心经济疲软，甚至通缩时，更高的通胀有时被视为一件好事。在其他时候，通货膨胀和股票呈负相关。</blockquote></p><p> This fluctuating correlation is illustrated in the chart below, which tracks the correlation coefficient between the CPI and the S&amp;P 500’s inflation-adjusted total return over the trailing 12 months. Notice the absence of any consistent relationship.</p><p><blockquote>下图说明了这种波动的相关性，该图表跟踪了过去12个月CPI与标普500经通胀调整后的总回报之间的相关系数。注意没有任何一致的关系。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/12ac0cc9ed7a8d766f3308cbf6daeaf5\" tg-width=\"1260\" tg-height=\"882\"></p><p><blockquote></blockquote></p><p> As a double-check on this surprising conclusion, I reran my analysis focusing on interest rates rather than the CPI. That’s revealing because interest rates reflect not only recent changes in inflation but also expected future inflation. The correlations between short-term movements in interest rates and the stock market were even weaker than when I focused on inflation.</p><p><blockquote>为了仔细检查这个令人惊讶的结论，我重新运行了我的分析，重点是利率而不是CPI。这很有启发性，因为利率不仅反映了近期通胀的变化，还反映了预期的未来通胀。短期利率变动与股市之间的相关性甚至比我关注通胀时还要弱。</blockquote></p><p> <b>Value vs. growth when inflation and interest rates rise</b></p><p><blockquote><b>通货膨胀和利率上升时的价值与增长</b></blockquote></p><p> What about value’s performance relative to growth? Surely it historically has followed the same pattern we’ve seen over the past couple of months?</p><p><blockquote>价值相对于增长的表现如何？从历史上看，它肯定遵循了我们在过去几个月中看到的相同模式吗？</blockquote></p><p> Not so. To reach that counterintuitive conclusion, I analyzed the monthly returns of U.S. value and growth stocks since 1926, courtesy of data from Dartmouth College finance professor Ken French. (Specifically, the value stock portfolio contained the 30% of the U.S. market with the lowest book/market ratios, while the growth stock portfolio contained the 30% with the highest such ratios.) When focusing on all trailing time periods from one- to 12 months, I found no statistically significant correlation between inflation and the relative performance of value and growth stocks.</p><p><blockquote>不是这样的。为了得出这个违反直觉的结论，我分析了自1926年以来美国价值型和成长型股票的月回报率，数据来自达特茅斯学院金融学教授肯·弗伦奇。（具体来说，价值股投资组合包含美国市场账面/市值比率最低的30%，而成长股投资组合包含此类比率最高的30%。）当关注从1个月到12个月的所有跟踪时间段时，我发现通货膨胀与价值股和成长股的相对表现之间没有统计上显着的相关性。</blockquote></p><p> Even more surprising is what emerged when focusing on the relationship between interest rates and value’s performance relative to growth: I found an inverse correlation. That is just the opposite of what we saw over the past couple of months, and the opposite of what conventional wisdom teaches us about how value stocks should perform in a rising interest rate environment.</p><p><blockquote>更令人惊讶的是，当我关注利率和价值相对于增长的表现之间的关系时，我发现了负相关。这与我们过去几个月所看到的恰恰相反，也与传统智慧告诉我们的价值股在利率上升的环境中应该如何表现的观点相反。</blockquote></p><p> My analysis doesn’t suggest that investors should now do the opposite, betting on value when previously they bet on growth, or vice versa. The point of this analysis is that there’s an unsteady and often insignificant historical relationship between inflation and interest rates, on the one hand, and the stock market and value’s performance relative to growth, on the other.</p><p><blockquote>我的分析并不表明投资者现在应该反其道而行之，在之前押注增长时押注价值，反之亦然。这一分析的要点是，一方面，通货膨胀和利率与股票市场和价值相对于增长的表现之间存在不稳定且往往微不足道的历史关系。</blockquote></p><p> Short-term stock-market timers need to look elsewhere for stronger clues as to where the market is headed.</p><p><blockquote>短期股市计时器需要在其他地方寻找有关市场走向的更强有力的线索。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/heres-what-inflations-spike-means-for-stocks-now-11624928059?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/heres-what-inflations-spike-means-for-stocks-now-11624928059?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180006824","content_text":"Expectations about inflation’s short-term impact on growth- and value stocks have no historical basis\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nDon’t look to the latest inflation figures to help you time the U.S. stock market’s near-term ups and downs.\nThat’s worth keeping in mind because, based on recent experience, you’d be excused for thinking that inflation plays a powerful role in the stock market’s shorter-term gyrations. During the inflation scare between mid-April and mid-May, for example, value stocks outperformed growth stocks — just as conventional wisdom would expect. Since mid-May, inflation worries have receded and value stocks have lagged.\nIt doesn’t always work out this neatly. In fact, I could find no noteworthy historical relationship between inflation’s short-term trend and the performance of either the stock market as a whole or the relative performance of value- and growth stocks.\nTo search for such correlations, I started by analyzing monthly inflation, interest rates and stock market data from Yale University finance professor Robert Shiller going back to 1871. I calculated the correlation coefficients between inflation and the S&P 500 over different short-term periods extending from the trailing one month to trailing 12 months.\nI largely came up empty. Consider the extent to which changes in the CPI explain or predict simultaneous changes in the S&P 500 (as measured by a statistic known as r-squared). Regardless of the time horizon between one- and 12 months, the CPI (or its predecessor) since 1871 has been able to predict no more than 4% of the S&P 500’s gyrations. (Note carefully that, when measuring these correlations, I focused on the S&P 500’s inflation-adjusted total return so as not to bias my calculations.)\nOne of the reasons for the absence of a strong correlation is that the stock market has a love-hate relationship with inflation. When investors are more worried about economic weakness, or even deflation, higher inflation is sometimes seen as a good thing. At other times inflation and stocks are inversely correlated.\nThis fluctuating correlation is illustrated in the chart below, which tracks the correlation coefficient between the CPI and the S&P 500’s inflation-adjusted total return over the trailing 12 months. Notice the absence of any consistent relationship.\n\nAs a double-check on this surprising conclusion, I reran my analysis focusing on interest rates rather than the CPI. That’s revealing because interest rates reflect not only recent changes in inflation but also expected future inflation. The correlations between short-term movements in interest rates and the stock market were even weaker than when I focused on inflation.\nValue vs. growth when inflation and interest rates rise\nWhat about value’s performance relative to growth? Surely it historically has followed the same pattern we’ve seen over the past couple of months?\nNot so. To reach that counterintuitive conclusion, I analyzed the monthly returns of U.S. value and growth stocks since 1926, courtesy of data from Dartmouth College finance professor Ken French. (Specifically, the value stock portfolio contained the 30% of the U.S. market with the lowest book/market ratios, while the growth stock portfolio contained the 30% with the highest such ratios.) When focusing on all trailing time periods from one- to 12 months, I found no statistically significant correlation between inflation and the relative performance of value and growth stocks.\nEven more surprising is what emerged when focusing on the relationship between interest rates and value’s performance relative to growth: I found an inverse correlation. That is just the opposite of what we saw over the past couple of months, and the opposite of what conventional wisdom teaches us about how value stocks should perform in a rising interest rate environment.\nMy analysis doesn’t suggest that investors should now do the opposite, betting on value when previously they bet on growth, or vice versa. The point of this analysis is that there’s an unsteady and often insignificant historical relationship between inflation and interest rates, on the one hand, and the stock market and value’s performance relative to growth, on the other.\nShort-term stock-market timers need to look elsewhere for stronger clues as to where the market is headed.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809405017,"gmtCreate":1627384331839,"gmtModify":1631891184586,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Like thx","listText":"Like thx","text":"Like thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/809405017","repostId":"2154899497","repostType":4,"repost":{"id":"2154899497","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1627377481,"share":"https://www.laohu8.com/m/news/2154899497?lang=zh_CN&edition=full","pubTime":"2021-07-27 17:18","market":"us","language":"en","title":"7 Stocks To Watch For July 27, 2021<blockquote>2021年7月27日值得关注的7只股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2154899497","media":"Benzinga","summary":"Some of the stocks that may grab investor focus today are:\n\tWall Street expects  General Electric Company (NYSE: GE) to report quarterly earnings at $0.04 per share on revenue of $18.13 billion before the opening bell. GE shares rose 0.8% to $13.02 in after-hours trading.\n","content":"<p>Some of the stocks that may grab investor focus today are:</p><p><blockquote>今天可能引起投资者关注的一些股票包括：</blockquote></p><p> <ul>  <li>Wall Street expects <b>General Electric Company</b> (NYSE:GE) to report quarterly earnings at $0.04 per share on revenue of $18.13 billion before the opening bell. GE shares rose 0.8% to $13.02 in after-hours trading.</li>  <li>Analysts are expecting <b>Apple Inc</b> (NASDAQ:AAPL) to have earned $1.00 per share on revenue of $72.93 billion for the latest quarter. The company will release earnings after the markets close. Apple shares gained 0.2% to $149.26 in after-hours trading.</li>  <li><b>Tesla Inc</b> (NASDAQ:TSLA) reported stronger-than-expected results for its second quarter on Monday. Total vehicle production totaled 206,421, up 151% year over year. Deliveries in the second quarter were up 121% year-over-year to 201,304. Tesla shares gained 1% to $664.16 in the after-hours trading session.</li> </ul> <ul>  <li>After the closing bell, <b>Alphabet Inc</b> (NASDAQ:GOOGL) is projected to post quarterly earnings at $19.21 per share on revenue of $56.02 billion. Alphabet shares gained 0.5% to $2,694.00 in after-hours trading.</li>  <li>Analysts expect <b><a href=\"https://laohu8.com/S/MMM\">3M</a> Co</b> (NYSE:MMM) to report quarterly earnings at $2.26 per share on revenue of $8.55 billion before the opening bell. 3M shares slipped 0.1% to $201.50 in after-hours trading.</li>  <li><b>F5 Networks</b> (NASDAQ:FFIV) reported upbeat results for its third quarter. The company also said it sees Q4 adjusted earnings of $2.68 to $2.80 per share on sales of $660 million to $680 million. F5 Networks shares surged 6.1% to $204.27 in the after-hours trading session.</li>  <li>Analysts expect <b>Microsoft Corporation</b> (NASDAQ:MSFT) to post quarterly earnings at $1.90 per share on revenue of $44.10 billion after the closing bell. Microsoft shares rose 0.2% to $289.62 in after-hours trading.</li> </ul></p><p><blockquote><ul><li>华尔街预计<b>通用电气公司</b>（纽约证券交易所股票代码：GE）将在开盘前公布季度收益为每股0.04美元，营收为181.3亿美元。GE股价在盘后交易中上涨0.8%，至13.02美元。</li><li>分析师预计<b>苹果公司</b>（纳斯达克股票代码：AAPL）最近一个季度的营收为729.3亿美元，每股收益为1.00美元。该公司将在收盘后发布财报。苹果股价在盘后交易中上涨0.2%，至149.26美元。</li><li><b>特斯拉公司</b>（纳斯达克：TSLA）周一公布了强于预期的第二季度业绩。汽车总产量206,421辆，同比增长151%。第二季度交付量同比增长121%至201,304辆。特斯拉股价在盘后交易时段上涨1%，至664.16美元。</li></ul><ul><li>收盘后，<b>Alphabet公司</b>（纳斯达克：GOOGL）预计季度收益为每股19.21美元，营收为560.2亿美元。Alphabet股价在盘后交易中上涨0.5%，至2,694.00美元。</li><li>分析师预计<b><a href=\"https://laohu8.com/S/MMM\">3M</a>Co</b>（纽约证券交易所股票代码：3M）将在开盘前公布季度收益为每股2.26美元，营收为85.5亿美元。3M股价在盘后交易中下跌0.1%，至201.50美元。</li><li><b>F5网络</b>（纳斯达克：FFIV）公布了乐观的第三季度业绩。该公司还表示，预计第四季度调整后每股收益为2.68美元至2.80美元，销售额为6.6亿美元至6.8亿美元。F5 Networks股价在盘后交易时段飙升6.1%至204.27美元。</li><li>分析师预计<b>微软公司</b>（纳斯达克股票代码：MSFT）收盘后公布季度收益为每股1.90美元，营收为441亿美元。微软股价在盘后交易中上涨0.2%，至289.62美元。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Stocks To Watch For July 27, 2021<blockquote>2021年7月27日值得关注的7只股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Stocks To Watch For July 27, 2021<blockquote>2021年7月27日值得关注的7只股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-07-27 17:18</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Some of the stocks that may grab investor focus today are:</p><p><blockquote>今天可能引起投资者关注的一些股票包括：</blockquote></p><p> <ul>  <li>Wall Street expects <b>General Electric Company</b> (NYSE:GE) to report quarterly earnings at $0.04 per share on revenue of $18.13 billion before the opening bell. GE shares rose 0.8% to $13.02 in after-hours trading.</li>  <li>Analysts are expecting <b>Apple Inc</b> (NASDAQ:AAPL) to have earned $1.00 per share on revenue of $72.93 billion for the latest quarter. The company will release earnings after the markets close. Apple shares gained 0.2% to $149.26 in after-hours trading.</li>  <li><b>Tesla Inc</b> (NASDAQ:TSLA) reported stronger-than-expected results for its second quarter on Monday. Total vehicle production totaled 206,421, up 151% year over year. Deliveries in the second quarter were up 121% year-over-year to 201,304. Tesla shares gained 1% to $664.16 in the after-hours trading session.</li> </ul> <ul>  <li>After the closing bell, <b>Alphabet Inc</b> (NASDAQ:GOOGL) is projected to post quarterly earnings at $19.21 per share on revenue of $56.02 billion. Alphabet shares gained 0.5% to $2,694.00 in after-hours trading.</li>  <li>Analysts expect <b><a href=\"https://laohu8.com/S/MMM\">3M</a> Co</b> (NYSE:MMM) to report quarterly earnings at $2.26 per share on revenue of $8.55 billion before the opening bell. 3M shares slipped 0.1% to $201.50 in after-hours trading.</li>  <li><b>F5 Networks</b> (NASDAQ:FFIV) reported upbeat results for its third quarter. The company also said it sees Q4 adjusted earnings of $2.68 to $2.80 per share on sales of $660 million to $680 million. F5 Networks shares surged 6.1% to $204.27 in the after-hours trading session.</li>  <li>Analysts expect <b>Microsoft Corporation</b> (NASDAQ:MSFT) to post quarterly earnings at $1.90 per share on revenue of $44.10 billion after the closing bell. Microsoft shares rose 0.2% to $289.62 in after-hours trading.</li> </ul></p><p><blockquote><ul><li>华尔街预计<b>通用电气公司</b>（纽约证券交易所股票代码：GE）将在开盘前公布季度收益为每股0.04美元，营收为181.3亿美元。GE股价在盘后交易中上涨0.8%，至13.02美元。</li><li>分析师预计<b>苹果公司</b>（纳斯达克股票代码：AAPL）最近一个季度的营收为729.3亿美元，每股收益为1.00美元。该公司将在收盘后发布财报。苹果股价在盘后交易中上涨0.2%，至149.26美元。</li><li><b>特斯拉公司</b>（纳斯达克：TSLA）周一公布了强于预期的第二季度业绩。汽车总产量206,421辆，同比增长151%。第二季度交付量同比增长121%至201,304辆。特斯拉股价在盘后交易时段上涨1%，至664.16美元。</li></ul><ul><li>收盘后，<b>Alphabet公司</b>（纳斯达克：GOOGL）预计季度收益为每股19.21美元，营收为560.2亿美元。Alphabet股价在盘后交易中上涨0.5%，至2,694.00美元。</li><li>分析师预计<b><a href=\"https://laohu8.com/S/MMM\">3M</a>Co</b>（纽约证券交易所股票代码：3M）将在开盘前公布季度收益为每股2.26美元，营收为85.5亿美元。3M股价在盘后交易中下跌0.1%，至201.50美元。</li><li><b>F5网络</b>（纳斯达克：FFIV）公布了乐观的第三季度业绩。该公司还表示，预计第四季度调整后每股收益为2.68美元至2.80美元，销售额为6.6亿美元至6.8亿美元。F5 Networks股价在盘后交易时段飙升6.1%至204.27美元。</li><li>分析师预计<b>微软公司</b>（纳斯达克股票代码：MSFT）收盘后公布季度收益为每股1.90美元，营收为441亿美元。微软股价在盘后交易中上涨0.2%，至289.62美元。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GE":"GE航空航天","09086":"华夏纳指-U","FFIV":"F5 Inc","QNETCN":"纳斯达克中美互联网老虎指数","03086":"华夏纳指","MMM":"3M","GOOG":"谷歌","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154899497","content_text":"Some of the stocks that may grab investor focus today are:\n\nWall Street expects General Electric Company (NYSE:GE) to report quarterly earnings at $0.04 per share on revenue of $18.13 billion before the opening bell. GE shares rose 0.8% to $13.02 in after-hours trading.\nAnalysts are expecting Apple Inc (NASDAQ:AAPL) to have earned $1.00 per share on revenue of $72.93 billion for the latest quarter. The company will release earnings after the markets close. Apple shares gained 0.2% to $149.26 in after-hours trading.\nTesla Inc (NASDAQ:TSLA) reported stronger-than-expected results for its second quarter on Monday. Total vehicle production totaled 206,421, up 151% year over year. Deliveries in the second quarter were up 121% year-over-year to 201,304. Tesla shares gained 1% to $664.16 in the after-hours trading session.\n\n\nAfter the closing bell, Alphabet Inc (NASDAQ:GOOGL) is projected to post quarterly earnings at $19.21 per share on revenue of $56.02 billion. Alphabet shares gained 0.5% to $2,694.00 in after-hours trading.\nAnalysts expect 3M Co (NYSE:MMM) to report quarterly earnings at $2.26 per share on revenue of $8.55 billion before the opening bell. 3M shares slipped 0.1% to $201.50 in after-hours trading.\nF5 Networks (NASDAQ:FFIV) reported upbeat results for its third quarter. The company also said it sees Q4 adjusted earnings of $2.68 to $2.80 per share on sales of $660 million to $680 million. F5 Networks shares surged 6.1% to $204.27 in the after-hours trading session.\nAnalysts expect Microsoft Corporation (NASDAQ:MSFT) to post quarterly earnings at $1.90 per share on revenue of $44.10 billion after the closing bell. Microsoft shares rose 0.2% to $289.62 in after-hours trading.","news_type":1,"symbols_score_info":{"09086":0.9,"GE":0.9,"GOOG":0.9,"QNETCN":0.9,"MMM":0.9,"03086":0.9,"FFIV":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":3501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169795090,"gmtCreate":1623850394910,"gmtModify":1634027122238,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/169795090","repostId":"1118154026","repostType":4,"repost":{"id":"1118154026","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623850220,"share":"https://www.laohu8.com/m/news/1118154026?lang=zh_CN&edition=full","pubTime":"2021-06-16 21:30","market":"us","language":"en","title":"S&P 500 is flat near a record with all eyes on Federal Reserve’s update<blockquote>标普500持平于创纪录水平，所有人都在关注美联储的最新消息</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118154026","media":"Tiger Newspress","summary":"U.S. stocks were mostly flat on Wednesday ahead of theFederal Reserve’s updateon monetary policy.\nTh","content":"<p>U.S. stocks were mostly flat on Wednesday ahead of theFederal Reserve’s updateon monetary policy.</p><p><blockquote>在美联储更新货币政策之前，周三美国股市基本持平。</blockquote></p><p>  The Dow Jones Industrial Average traded 20 points higher. The S&amp;P 500 inched up 0.1%, sitting just a few points below an all-time high reached in the previous session. The tech-heavy Nasdaq Composite edged up 0.2%.</p><p><blockquote>道琼斯工业平均指数上涨20点。标普500小幅上涨0.1%，仅比前一交易日创下的历史高点低几个点。以科技股为主的纳斯达克综合指数小幅上涨0.2%。</blockquote></p><p>  Large tech shares like Tesla and Nvidia were slightly lower, while shares of economic reopening plays Royal Caribbean and Carnival gained 1% each.</p><p><blockquote>特斯拉和英伟达等大型科技股小幅走低，而经济重新开放公司皇家加勒比和嘉年华的股价分别上涨1%。</blockquote></p><p>  Stocks pulled back from record levels duringTuesday’s trading session, with the S&amp;P 500 closing 0.2% lower after hitting an all-time intraday high earlier in the day. The Dow slid nearly 100 points and the Nasdaq Composite dipped 0.7% amid weakness in shares of Big Tech.</p><p><blockquote>周二交易时段，股市从创纪录水平回落，标普500在当天早些时候触及盘中历史高点后收盘下跌0.2%。由于大型科技股疲软，道琼斯指数下跌近100点，纳斯达克综合指数下跌0.7%。</blockquote></p><p>  The Federal Reserve kicked off its two-day meeting on Tuesday. The central bank is not expected to make any policy moves, but it could signal that it’s beginning to think abouteasing its bond-buying policy. The Fed will also release new forecasts on Wednesday, which could indicate a possible first rate hike penciled in for 2023. Previously, Fed officials hadn’t come to a consensus for a rate hike through 2023.</p><p><blockquote>美联储周二开始了为期两天的会议。预计央行不会采取任何政策举措，但这可能表明它开始考虑使用债券购买政策。美联储还将于周三发布新的预测，这可能表明可能在2023年首次加息。此前，美联储官员尚未就2023年之前的加息达成共识。</blockquote></p><p>  The Fed’s statement and forecasts will come out at 2 p.m. ET followed by a press conference by Chairman Jerome Powell 30 minutes later.</p><p><blockquote>美联储的声明和预测将于美国东部时间下午2点发布，30分钟后主席杰罗姆·鲍威尔将召开新闻发布会。</blockquote></p><p>  The meeting comes as inflation heats up, with producer prices rising at their fastest annual rate in nearly 11 years duringMay, a report on Tuesday showed. This has prompted some, including Paul Tudor Jones, to call for the central bank to re-think its easy monetary policy.</p><p><blockquote>周二的一份报告显示，此次会议召开之际，通胀正在升温，5月份生产者价格以近11年来最快的年增长率上涨。这促使包括保罗·都铎·琼斯在内的一些人呼吁央行重新考虑其宽松的货币政策。</blockquote></p><p>  \"I still think&nbsp;equities are going higher,\" BlackRock global bond chief&nbsp;Rick Rieder&nbsp;said on CNBC's \"Squawk Box\" on Wednesday.&nbsp;\"If we don't hear anything&nbsp;different, then I worry a little&nbsp;bit about risk&nbsp;the system creates — you can&nbsp;create asset bubbles&nbsp;you can create leverage.&nbsp;We've seen markets that are a&nbsp;little bit concerning with&nbsp;literally zero spread to them&nbsp;for risk assets.\"</p><p><blockquote>贝莱德全球债券主管Rick Rieder周三在CNBC的“Squawk Box”节目中表示：“我仍然认为股市会走高。如果我们没有听到任何不同的消息，那么我有点担心这个系统会产生风险——你可以制造资产泡沫，你可以制造杠杆。我们已经看到一些市场对风险资产的利差几乎为零感到担忧。”</blockquote></p><p>  The central bank has been buying $120 billion worth of bonds each month as the economy continues to recover from the coronavirus pandemic.</p><p><blockquote>随着经济继续从冠状病毒大流行中复苏，央行每月购买价值1200亿美元的债券。</blockquote></p><p>  \"The drama this week will be whether the Fed sits tight or admits that inflation is rising and that the Fed needs to tighten,\" said Brad McMillan, CIO at Commonwealth Financial Network. \"Since the Fed has a dual mandate—unemployment and inflation—that suggests it should indeed keep its focus on unemployment, rather than inflation.\"</p><p><blockquote>联邦金融网络首席信息官布拉德·麦克米兰表示：“本周的戏剧性事件将是美联储是按兵不动，还是承认通胀正在上升，美联储需要收紧政策。”“由于美联储有双重使命——失业和通胀——这表明它确实应该将重点放在失业上，而不是通胀上。”</blockquote></p><p>  Minutes from the central bank's last meeting showed that some Fed officials said it could be appropriate to start discussing adjustments to the bond-buying program should the economy continue to recover. Economists predict that while some of these discussions could begin, concrete details will not be revealed until later this year.</p><p><blockquote>美联储上次会议纪要显示，一些美联储官员表示，如果经济继续复苏，开始讨论调整债券购买计划可能是合适的。经济学家预测，虽然其中一些讨论可能会开始，但具体细节要到今年晚些时候才会披露。</blockquote></p><p>  On Wednesday,China said it will release industrial metalsincluding copper, aluminum and zinc from its national reserves to curb commodity prices. Copper price has fallen more than 10% from its record high, dipping into correction territory on Tuesday.</p><p><blockquote>周三，中国表示将从国家储备中释放铜、铝和锌等工业金属，以抑制大宗商品价格。铜价较历史高点下跌逾10%，周二跌入回调区间。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 is flat near a record with all eyes on Federal Reserve’s update<blockquote>标普500持平于创纪录水平，所有人都在关注美联储的最新消息</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 is flat near a record with all eyes on Federal Reserve’s update<blockquote>标普500持平于创纪录水平，所有人都在关注美联储的最新消息</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-16 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stocks were mostly flat on Wednesday ahead of theFederal Reserve’s updateon monetary policy.</p><p><blockquote>在美联储更新货币政策之前，周三美国股市基本持平。</blockquote></p><p>  The Dow Jones Industrial Average traded 20 points higher. The S&amp;P 500 inched up 0.1%, sitting just a few points below an all-time high reached in the previous session. The tech-heavy Nasdaq Composite edged up 0.2%.</p><p><blockquote>道琼斯工业平均指数上涨20点。标普500小幅上涨0.1%，仅比前一交易日创下的历史高点低几个点。以科技股为主的纳斯达克综合指数小幅上涨0.2%。</blockquote></p><p>  Large tech shares like Tesla and Nvidia were slightly lower, while shares of economic reopening plays Royal Caribbean and Carnival gained 1% each.</p><p><blockquote>特斯拉和英伟达等大型科技股小幅走低，而经济重新开放公司皇家加勒比和嘉年华的股价分别上涨1%。</blockquote></p><p>  Stocks pulled back from record levels duringTuesday’s trading session, with the S&amp;P 500 closing 0.2% lower after hitting an all-time intraday high earlier in the day. The Dow slid nearly 100 points and the Nasdaq Composite dipped 0.7% amid weakness in shares of Big Tech.</p><p><blockquote>周二交易时段，股市从创纪录水平回落，标普500在当天早些时候触及盘中历史高点后收盘下跌0.2%。由于大型科技股疲软，道琼斯指数下跌近100点，纳斯达克综合指数下跌0.7%。</blockquote></p><p>  The Federal Reserve kicked off its two-day meeting on Tuesday. The central bank is not expected to make any policy moves, but it could signal that it’s beginning to think abouteasing its bond-buying policy. The Fed will also release new forecasts on Wednesday, which could indicate a possible first rate hike penciled in for 2023. Previously, Fed officials hadn’t come to a consensus for a rate hike through 2023.</p><p><blockquote>美联储周二开始了为期两天的会议。预计央行不会采取任何政策举措，但这可能表明它开始考虑使用债券购买政策。美联储还将于周三发布新的预测，这可能表明可能在2023年首次加息。此前，美联储官员尚未就2023年之前的加息达成共识。</blockquote></p><p>  The Fed’s statement and forecasts will come out at 2 p.m. ET followed by a press conference by Chairman Jerome Powell 30 minutes later.</p><p><blockquote>美联储的声明和预测将于美国东部时间下午2点发布，30分钟后主席杰罗姆·鲍威尔将召开新闻发布会。</blockquote></p><p>  The meeting comes as inflation heats up, with producer prices rising at their fastest annual rate in nearly 11 years duringMay, a report on Tuesday showed. This has prompted some, including Paul Tudor Jones, to call for the central bank to re-think its easy monetary policy.</p><p><blockquote>周二的一份报告显示，此次会议召开之际，通胀正在升温，5月份生产者价格以近11年来最快的年增长率上涨。这促使包括保罗·都铎·琼斯在内的一些人呼吁央行重新考虑其宽松的货币政策。</blockquote></p><p>  \"I still think&nbsp;equities are going higher,\" BlackRock global bond chief&nbsp;Rick Rieder&nbsp;said on CNBC's \"Squawk Box\" on Wednesday.&nbsp;\"If we don't hear anything&nbsp;different, then I worry a little&nbsp;bit about risk&nbsp;the system creates — you can&nbsp;create asset bubbles&nbsp;you can create leverage.&nbsp;We've seen markets that are a&nbsp;little bit concerning with&nbsp;literally zero spread to them&nbsp;for risk assets.\"</p><p><blockquote>贝莱德全球债券主管Rick Rieder周三在CNBC的“Squawk Box”节目中表示：“我仍然认为股市会走高。如果我们没有听到任何不同的消息，那么我有点担心这个系统会产生风险——你可以制造资产泡沫，你可以制造杠杆。我们已经看到一些市场对风险资产的利差几乎为零感到担忧。”</blockquote></p><p>  The central bank has been buying $120 billion worth of bonds each month as the economy continues to recover from the coronavirus pandemic.</p><p><blockquote>随着经济继续从冠状病毒大流行中复苏，央行每月购买价值1200亿美元的债券。</blockquote></p><p>  \"The drama this week will be whether the Fed sits tight or admits that inflation is rising and that the Fed needs to tighten,\" said Brad McMillan, CIO at Commonwealth Financial Network. \"Since the Fed has a dual mandate—unemployment and inflation—that suggests it should indeed keep its focus on unemployment, rather than inflation.\"</p><p><blockquote>联邦金融网络首席信息官布拉德·麦克米兰表示：“本周的戏剧性事件将是美联储是按兵不动，还是承认通胀正在上升，美联储需要收紧政策。”“由于美联储有双重使命——失业和通胀——这表明它确实应该将重点放在失业上，而不是通胀上。”</blockquote></p><p>  Minutes from the central bank's last meeting showed that some Fed officials said it could be appropriate to start discussing adjustments to the bond-buying program should the economy continue to recover. Economists predict that while some of these discussions could begin, concrete details will not be revealed until later this year.</p><p><blockquote>美联储上次会议纪要显示，一些美联储官员表示，如果经济继续复苏，开始讨论调整债券购买计划可能是合适的。经济学家预测，虽然其中一些讨论可能会开始，但具体细节要到今年晚些时候才会披露。</blockquote></p><p>  On Wednesday,China said it will release industrial metalsincluding copper, aluminum and zinc from its national reserves to curb commodity prices. Copper price has fallen more than 10% from its record high, dipping into correction territory on Tuesday.</p><p><blockquote>周三，中国表示将从国家储备中释放铜、铝和锌等工业金属，以抑制大宗商品价格。铜价较历史高点下跌逾10%，周二跌入回调区间。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118154026","content_text":"U.S. stocks were mostly flat on Wednesday ahead of theFederal Reserve’s updateon monetary policy.\nThe Dow Jones Industrial Average traded 20 points higher. The S&P 500 inched up 0.1%, sitting just a few points below an all-time high reached in the previous session. The tech-heavy Nasdaq Composite edged up 0.2%.\nLarge tech shares like Tesla and Nvidia were slightly lower, while shares of economic reopening plays Royal Caribbean and Carnival gained 1% each.\nStocks pulled back from record levels duringTuesday’s trading session, with the S&P 500 closing 0.2% lower after hitting an all-time intraday high earlier in the day. The Dow slid nearly 100 points and the Nasdaq Composite dipped 0.7% amid weakness in shares of Big Tech.\nThe Federal Reserve kicked off its two-day meeting on Tuesday. The central bank is not expected to make any policy moves, but it could signal that it’s beginning to think abouteasing its bond-buying policy. The Fed will also release new forecasts on Wednesday, which could indicate a possible first rate hike penciled in for 2023. Previously, Fed officials hadn’t come to a consensus for a rate hike through 2023.\nThe Fed’s statement and forecasts will come out at 2 p.m. ET followed by a press conference by Chairman Jerome Powell 30 minutes later.\nThe meeting comes as inflation heats up, with producer prices rising at their fastest annual rate in nearly 11 years duringMay, a report on Tuesday showed. This has prompted some, including Paul Tudor Jones, to call for the central bank to re-think its easy monetary policy.\n\"I still think equities are going higher,\" BlackRock global bond chief Rick Rieder said on CNBC's \"Squawk Box\" on Wednesday. \"If we don't hear anything different, then I worry a little bit about risk the system creates — you can create asset bubbles you can create leverage. We've seen markets that are a little bit concerning with literally zero spread to them for risk assets.\"\nThe central bank has been buying $120 billion worth of bonds each month as the economy continues to recover from the coronavirus pandemic.\n\"The drama this week will be whether the Fed sits tight or admits that inflation is rising and that the Fed needs to tighten,\" said Brad McMillan, CIO at Commonwealth Financial Network. \"Since the Fed has a dual mandate—unemployment and inflation—that suggests it should indeed keep its focus on unemployment, rather than inflation.\"\nMinutes from the central bank's last meeting showed that some Fed officials said it could be appropriate to start discussing adjustments to the bond-buying program should the economy continue to recover. Economists predict that while some of these discussions could begin, concrete details will not be revealed until later this year.\nOn Wednesday,China said it will release industrial metalsincluding copper, aluminum and zinc from its national reserves to curb commodity prices. Copper price has fallen more than 10% from its record high, dipping into correction territory on Tuesday.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":365,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170239262,"gmtCreate":1626433918056,"gmtModify":1631891184640,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Like comment thankssss meow","listText":"Like comment thankssss meow","text":"Like comment thankssss meow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170239262","repostId":"1179986953","repostType":4,"isVote":1,"tweetType":1,"viewCount":1109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157826098,"gmtCreate":1625578551014,"gmtModify":1631892383744,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Meow","listText":"Meow","text":"Meow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/157826098","repostId":"1115183227","repostType":4,"isVote":1,"tweetType":1,"viewCount":254,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807097688,"gmtCreate":1627987315844,"gmtModify":1631891184559,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Like commentty","listText":"Like commentty","text":"Like commentty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/807097688","repostId":"1183916574","repostType":4,"isVote":1,"tweetType":1,"viewCount":1968,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141986386,"gmtCreate":1625833378945,"gmtModify":1631892383730,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Nice meow","listText":"Nice meow","text":"Nice meow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/141986386","repostId":"1130525336","repostType":4,"isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158303311,"gmtCreate":1625127214033,"gmtModify":1631892383777,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Nice man","listText":"Nice man","text":"Nice man","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/158303311","repostId":"1120348430","repostType":4,"repost":{"id":"1120348430","kind":"news","pubTimestamp":1625127131,"share":"https://www.laohu8.com/m/news/1120348430?lang=zh_CN&edition=full","pubTime":"2021-07-01 16:12","market":"us","language":"en","title":"Will Exxon Mobil Stock Split Again? What To Know<blockquote>埃克森美孚会再次进行股票分割吗？要知道什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120348430","media":"seekingalpha","summary":"Summary\n\nSome investors do care a lot about stock splits, as those can fuel share price upside, as w","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Some investors do care a lot about stock splits, as those can fuel share price upside, as we saw last year when TSLA and AAPL split their stocks.</li>  <li>XOM has regularly split its shares in the 20th century, but due to low share price growth, there have not been any splits in the recent past.</li>  <li>We believe that another stock split in the foreseeable future is unlikely, but that doesn't mean that XOM must be a bad investment.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e640740db47b777095d060781cfc785c\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Yuichiro Chino/Moment via Getty Images</span></p><p><blockquote><ul><li>一些投资者确实非常关心股票分割，因为这可以推动股价上涨，正如我们去年特斯拉和苹果公司分割股票时看到的那样。</li><li>XOM在20世纪定期进行股票分割，但由于股价增长较低，近期没有进行任何分割。</li><li>我们认为，在可预见的未来不太可能再次进行股票分割，但这并不意味着XOM一定是一项糟糕的投资。</li></ul><p class=\"t-img-caption\"><span>Yuichiro Chino/Moment来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Exxon Mobil Corporation (XOM) has put a lot of effort into reducing its share count in the past, which allowed the company to split its stock from time to time. In recent years, however, free cash flows were not especially strong, and the dividend payments soaked up most of those cash flows, which is why the share count has not declined meaningfully. On top of that, Exxon Mobil's shares have moved sideways for a long period of time, which made a stock split feel unnecessary.</p><p><blockquote>埃克森美孚公司（XOM）过去在减少股票数量方面付出了很多努力，这使得该公司能够不时地分割股票。然而，近年来，自由现金流并不是特别强劲，股息支付吸收了大部分现金流，这就是股票数量没有大幅下降的原因。最重要的是，埃克森美孚的股价长期横盘整理，这让人觉得没有必要进行股票分割。</blockquote></p><p> Going forward, Exxon Mobil seems to be well-positioned to generate growing cash flows, but buybacks will likely still not be too hefty, as Exxon Mobil also has to improve its balance sheet. I thus don't expect another stock split in the near term, although that doesn't mean that Exxon Mobil must be a bad investment at all.</p><p><blockquote>展望未来，埃克森美孚似乎处于有利地位，可以产生不断增长的现金流，但回购可能仍不会太大，因为埃克森美孚还必须改善其资产负债表。因此，我预计短期内不会再次进行股票分割，尽管这并不意味着埃克森美孚一定是一项糟糕的投资。</blockquote></p><p> <b>XOM Stock Split History</b></p><p><blockquote><b>XOM股票分割历史</b></blockquote></p><p> Looking at Exxon Mobil's share price chart, we see that XOM has moved upwards relatively consistently for decades, up to around 2007. Due to these upward moves, splitting the stock regularly made sense, in order to prevent shares from getting too expensive. For the last 13 years or so, however, XOM has not continued to move up:</p><p><blockquote>看看埃克森美孚的股价图表，我们发现XOM几十年来一直相对持续地上涨，直到2007年左右。由于这些上涨，定期分割股票是有意义的，以防止股票变得太贵。然而，在过去13年左右的时间里，XOM并没有继续上升：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91b3a69e9a81396a857ff39f218ec638\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Instead, its share price today is well below the $90s that XOM hit more than a decade ago. This can be explained by factors such as lower oil prices, compared to the highs that were hit in 2008, but some capital allocation mistakes, such as the overpriced takeover of XTO Energy, played a role as well. Due to the unconvincing share price performance in more than a decade, there was no need to split the stock further, which is why the last stock split occurred in 2001:</p><p><blockquote>相反，其目前的股价远低于XOM十多年前触及的90美元。与2008年触及的高点相比，油价较低等因素可以解释这一点，但一些资本配置错误，例如高价收购XTO Energy，也发挥了作用。由于十多年来股价表现不令人信服，因此没有必要进一步拆股，这也是上一次拆股发生在2001年的原因：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78d72f854559be94be7b23b64ee7591e\" tg-width=\"640\" tg-height=\"262\"><span>Source:exxonmobil.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：exxonmobil.com</span></p></blockquote></p><p> We see that Exxon Mobil split its stock 7 times between 1951 and 2001, so about once every seven years. If XOM would have kept that pace, about 2-3 stock splits would have occurred between 2001 and today, but there were none - a result of the weak share price performance in that time frame. In fact, shares of Exxon Mobil Corporation only rose by 42% since June 2001, when the last stock split occurred, and today. A 42% stock price increase in 20 years equates to annual returns of 1.8%, which is less than the rate of inflation - and there is no need to split the stock when it only climbs at that rate.</p><p><blockquote>我们看到埃克森美孚在1951年至2001年间将其股票分割了7次，大约每7年一次。如果XOM保持这一速度，从2001年到今天，大约会发生2-3次股票分割，但没有发生——这是该时间段内股价表现疲软的结果。事实上，埃克森美孚公司的股价自2001年6月（上次股票分割发生时）到今天仅上涨了42%。20年内股价上涨42%相当于年回报率1.8%，低于通货膨胀率——而且当股票仅以这个速度攀升时，没有必要分割股票。</blockquote></p><p> Looking at the number of outstanding shares, we see that Exxon Mobil has been an avid repurchaser of shares for prolonged periods in the past, e.g. between 1980 and 2000:</p><p><blockquote>从流通股数量来看，我们发现埃克森美孚在过去很长一段时间内都是股票回购的狂热者，例如1980年至2000年间：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/734fd1f142bcebfaba862b90421b85fe\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <i>Note: This chart uses today's split-adjusted shares</i></p><p><blockquote><i>注：此图表使用今天的分割调整后股票</i></blockquote></p><p> During that time frame, the company split its shares several times, which made sense, as this allowed for increased liquidity and a large float during times when the share count kept declining.</p><p><blockquote>在此期间，该公司多次分割股票，这是有道理的，因为这可以在股票数量持续下降的情况下增加流动性和大量流通量。</blockquote></p><p> The merger with Mobil made XOM's share count climb to around 7 billion shares in 1999 (adjusted for the split in 2001), but even though the share count has declined by a lot since 1999 and 2015, there wasn't a need to split shares another time, as XOM's share price had not moved up by a lot. Following the oil price crash in 2014-2015, Exxon Mobil has not lowered its share count meaningfully, and its shares have declined in that period, which made a stock split even less necessary - after all, why would the company split its stock, if it wasn't climbing anyways and if the share count was pretty constant?</p><p><blockquote>与美孚的合并使XOM的股票数量在1999年攀升至70亿股左右（根据2001年的分拆进行调整），但尽管股票数量自1999年和2015年以来下降了很多，但没有必要再次分拆股票，因为XOM的股价并没有上涨太多。在2014-2015年油价暴跌之后，埃克森美孚并没有大幅降低其股票数量，而且其股价在此期间下跌，这使得股票分割变得更加没有必要——毕竟，如果无论如何都没有攀升并且股票数量相当稳定，该公司为什么要分割股票呢？</blockquote></p><p> <b>Will XOM Stock Split Again</b></p><p><blockquote><b>XOM会再次进行股票分割吗</b></blockquote></p><p> Mostly, stock splits are done due to either of the following two reasons:</p><p><blockquote>大多数情况下，股票分割是出于以下两个原因之一：</blockquote></p><p> - Share prices have climbed by a lot and management believes it makes sense to have more shares at a lower price per share.</p><p><blockquote>-股价大幅上涨，管理层认为以较低的每股价格持有更多股票是有意义的。</blockquote></p><p> - The share count has declined by a lot, and in order to increase liquidity, the company decides to split its shares.</p><p><blockquote>-股份数量下降了很多，为了增加流动性，公司决定拆股。</blockquote></p><p></p><p> One can argue whether that makes sense, but since this method is employed by many companies all around the world, it seems to have its merits. In Exxon Mobil's case, neither of these two reasons are at play right now, which makes me believe that a stock split is unlikely in the foreseeable future.</p><p><blockquote>人们可以争论这是否有意义，但由于这种方法被世界各地的许多公司所采用，它似乎有其优点。就埃克森美孚而言，这两个原因目前都不起作用，这让我相信在可预见的未来不太可能进行股票分割。</blockquote></p><p> Exxon Mobil's share price is not really high, and in fact, it was much higher in the past, at more than $100 per share. Management did not feel a need for a stock split back then, so why would they want to split shares when they are at $60? On top of that, since Exxon Mobil's share count has not declined meaningfully in the recent past, liquidity shouldn't be a concern, either.</p><p><blockquote>埃克森美孚的股价并不是很高，事实上，过去的股价要高得多，每股100多美元。管理层当时并不认为有必要进行股票分割，那么当股价为60美元时，他们为什么要进行股票分割呢？最重要的是，由于埃克森美孚的股票数量最近没有大幅下降，流动性也不应该成为一个问题。</blockquote></p><p> Exxon Mobil's last stock split was done when the company had about 3.5 billion shares pre-split, the split prior to that was done when the company had about 1.3 billion shares pre-split. Stock splits prior to that were oftentimes done at pre-split share counts that were even lower than that. Right now, with 4.2 billion shares, Exxon Mobil's share count is substantially higher, and due to no meaningful buyback activity, it is doubtful whether XOM's share count will decline to a much lower level in the foreseeable future.</p><p><blockquote>埃克森美孚上一次股票分割是在该公司拥有约35亿股分拆前股票时完成的，此前的分割是在该公司拥有约13亿股分拆前股票时完成的。在此之前的股票分割通常是在分割前的股票数量甚至更低的情况下进行的。目前，埃克森美孚的股票数量为42亿股，要高得多，而且由于没有有意义的回购活动，XOM的股票数量在可预见的未来是否会降至更低的水平值得怀疑。</blockquote></p><p> A stock split can, of course, not be ruled out, and it seems very much possible that XOM eventually splits its shares again at some point in the future, but for the next couple of years, this seems like a relatively unlikely scenario to me.</p><p><blockquote>当然，不能排除股票分割的可能性，XOM最终很有可能在未来的某个时候再次分割其股票，但在接下来的几年里，这对我来说似乎是一种相对不太可能的情况。</blockquote></p><p> <b>Is XOM A Good Stock To Buy</b></p><p><blockquote><b>XOM是值得购买的好股票吗</b></blockquote></p><p> Even without a stock split, XOM can, of course, still be a solid investment. Oil prices have rallied quite a lot in 2021, and not surprisingly, shares of oil companies that had floundered in 2020 started to rise again. At $63 per share, XOM has experienced gains of a little more than 50% year-to-date, which is attractive for sure.</p><p><blockquote>当然，即使没有股票分割，XOM仍然可以是一项可靠的投资。2021年油价大幅上涨，毫不奇怪，2020年陷入困境的石油公司股价再次开始上涨。以每股63美元的价格，XOM今年迄今的涨幅略高于50%，这无疑具有吸引力。</blockquote></p><p> Thanks to cuts in capital expenditures and exploration programs from XOM and most of its peers, oil prices could potentially have a lot more room to run in the coming years. A global economic recovery, which will fuel demand for oil and gas, coupled with weak demand growth due to conservative exploration programs could lift oil prices to&nbsp;$100 per barrel&nbsp;in the near term, some analysts believe. I personally don't want to bet on that by buying oil futures, but we generally agree that oil prices could have more room to run over the coming years - massive monetary stimulus that has lifted many commodity prices helps as well.</p><p><blockquote>由于XOM和大多数同行削减了资本支出和勘探计划，油价在未来几年可能有更大的上涨空间。一些分析师认为，全球经济复苏将刺激对石油和天然气的需求，加上保守的勘探计划导致的需求增长疲软，可能会在短期内将油价推升至每桶100美元。我个人不想通过购买石油期货来押注这一点，但我们普遍认为，油价在未来几年可能有更大的上涨空间——提振许多大宗商品价格的大规模货币刺激也有所帮助。</blockquote></p><p> If oil prices do really reach $80, $90, $100, or even more, XOM should do very well, as its portfolio is generally optimized for low break-even costs, which would allow its assets to generate a lot of cash if the oil price environment is conductive. It should, however, be noted that more or less all other oil companies will do well in a high-oil-price environment as well, so this isn't a reason to buy XOM specifically.</p><p><blockquote>如果油价真的达到80美元、90美元、100美元，甚至更高，XOM应该会做得很好，因为其投资组合通常会针对低盈亏平衡成本进行优化，如果油价上涨，这将使其资产产生大量现金环境是导电的。然而，应该指出的是，或多或少所有其他石油公司在高油价环境下也会表现良好，因此这并不是专门购买XOM的理由。</blockquote></p><p> Looking at a comparison between Exxon Mobil and its peers, we see that XOM is quite expensive:</p><p><blockquote>通过埃克森美孚与同行的比较，我们发现XOM相当昂贵：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d23f901e4fbfea943119ab1b094399a7\" tg-width=\"635\" tg-height=\"682\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> XOM, as well as Chevron (CVX), trades at substantial premiums compared to European peers such as BP (BP), Royal Dutch Shell (RDS.A) (RDS.B), and TotalEnergies (TTE). Exxon Mobil's 2021 earnings multiple, its 2022 earnings multiple, and its EV to EBITDA ratio are way higher than those of the European supermajors. Some may prefer the reluctance of XOM and CVX when it comes to ESG approaches, whereas BP, RDS, and TTE seem to be embracing a move towards renewables more ambitiously.</p><p><blockquote>与BP(BP)、荷兰皇家壳牌(RDS.A)(RDS.B)和TotalEnergies(TTE)等欧洲同行相比，XOM和雪佛龙(CVX)的交易价格大幅溢价。埃克森美孚2021年市盈率、2022年市盈率以及EV与EBITDA比率远高于欧洲超级巨头。在ESG方法方面，有些人可能更喜欢XOM和CVX的不情愿，而BP、RDS和TTE似乎更雄心勃勃地转向可再生能源。</blockquote></p><p> XOM and CVX also do have a better dividend track record compared to their European peers, two of which cut their dividends during the pandemic. But I personally do not think that it makes sense to buy shares of a supermajor at 17x forward earnings when other supermajors trade for less than 10x this year's expected profits. If oil prices continue to climb, the European peers will profit just as much, and they do have multiple expansion potential on top of that, which seems less likely for XOM and CVX.</p><p><blockquote>与欧洲同行相比，XOM和CVX也确实拥有更好的股息记录，其中两家在大流行期间削减了股息。但我个人认为，当其他超级巨头的交易价格低于今年预期利润的10倍时，以17倍的预期市盈率购买超级巨头的股票是没有意义的。如果油价继续攀升，欧洲同行也将获得同样多的利润，而且除此之外，他们确实还有多重扩张潜力，这对于XOM和CVX来说似乎不太可能。</blockquote></p><p> When one takes a look outside of the supermajor league, then the Canadian oil sands players do seem like attractive oil price plays as well, due to low cash costs, low-decline assets with long lifespans, and strong cash generation.</p><p><blockquote>当人们把目光投向超级大联盟之外时，加拿大油砂公司似乎也是有吸引力的油价公司，因为现金成本低、资产寿命长、跌幅低、现金生成能力强。</blockquote></p><p> Overall, I think XOM could do well over the coming years as oil prices could easily climb further from the current level, but I don't think that XOM is the best play in the oil space. Other supermajors are much cheaper while providing similar upside if oil prices continue to climb, and more specialized quality players like some of the Canadian oil sands companies or high-quality US shale plays could be better choices than XOM as well. XOM thus looks solid as an oil price play, but there are better options available.</p><p><blockquote>总体而言，我认为XOM在未来几年可能会表现良好，因为油价很容易从当前水平进一步攀升，但我不认为XOM是石油领域的最佳选择。如果油价继续攀升，其他超级巨头的价格要便宜得多，同时也会提供类似的上涨空间，而一些加拿大油砂公司或优质美国页岩油公司等更专业的优质公司也可能是比XOM更好的选择。因此，XOM作为油价走势看起来很稳健，但还有更好的选择。</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>Will Exxon Mobil Stock Split Again? What To Know<blockquote>埃克森美孚会再次进行股票分割吗？要知道什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Exxon Mobil Stock Split Again? What To Know<blockquote>埃克森美孚会再次进行股票分割吗？要知道什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-01 16:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Some investors do care a lot about stock splits, as those can fuel share price upside, as we saw last year when TSLA and AAPL split their stocks.</li>  <li>XOM has regularly split its shares in the 20th century, but due to low share price growth, there have not been any splits in the recent past.</li>  <li>We believe that another stock split in the foreseeable future is unlikely, but that doesn't mean that XOM must be a bad investment.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e640740db47b777095d060781cfc785c\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Yuichiro Chino/Moment via Getty Images</span></p><p><blockquote><ul><li>一些投资者确实非常关心股票分割，因为这可以推动股价上涨，正如我们去年特斯拉和苹果公司分割股票时看到的那样。</li><li>XOM在20世纪定期进行股票分割，但由于股价增长较低，近期没有进行任何分割。</li><li>我们认为，在可预见的未来不太可能再次进行股票分割，但这并不意味着XOM一定是一项糟糕的投资。</li></ul><p class=\"t-img-caption\"><span>Yuichiro Chino/Moment来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> Exxon Mobil Corporation (XOM) has put a lot of effort into reducing its share count in the past, which allowed the company to split its stock from time to time. In recent years, however, free cash flows were not especially strong, and the dividend payments soaked up most of those cash flows, which is why the share count has not declined meaningfully. On top of that, Exxon Mobil's shares have moved sideways for a long period of time, which made a stock split feel unnecessary.</p><p><blockquote>埃克森美孚公司（XOM）过去在减少股票数量方面付出了很多努力，这使得该公司能够不时地分割股票。然而，近年来，自由现金流并不是特别强劲，股息支付吸收了大部分现金流，这就是股票数量没有大幅下降的原因。最重要的是，埃克森美孚的股价长期横盘整理，这让人觉得没有必要进行股票分割。</blockquote></p><p> Going forward, Exxon Mobil seems to be well-positioned to generate growing cash flows, but buybacks will likely still not be too hefty, as Exxon Mobil also has to improve its balance sheet. I thus don't expect another stock split in the near term, although that doesn't mean that Exxon Mobil must be a bad investment at all.</p><p><blockquote>展望未来，埃克森美孚似乎处于有利地位，可以产生不断增长的现金流，但回购可能仍不会太大，因为埃克森美孚还必须改善其资产负债表。因此，我预计短期内不会再次进行股票分割，尽管这并不意味着埃克森美孚一定是一项糟糕的投资。</blockquote></p><p> <b>XOM Stock Split History</b></p><p><blockquote><b>XOM股票分割历史</b></blockquote></p><p> Looking at Exxon Mobil's share price chart, we see that XOM has moved upwards relatively consistently for decades, up to around 2007. Due to these upward moves, splitting the stock regularly made sense, in order to prevent shares from getting too expensive. For the last 13 years or so, however, XOM has not continued to move up:</p><p><blockquote>看看埃克森美孚的股价图表，我们发现XOM几十年来一直相对持续地上涨，直到2007年左右。由于这些上涨，定期分割股票是有意义的，以防止股票变得太贵。然而，在过去13年左右的时间里，XOM并没有继续上升：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91b3a69e9a81396a857ff39f218ec638\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Instead, its share price today is well below the $90s that XOM hit more than a decade ago. This can be explained by factors such as lower oil prices, compared to the highs that were hit in 2008, but some capital allocation mistakes, such as the overpriced takeover of XTO Energy, played a role as well. Due to the unconvincing share price performance in more than a decade, there was no need to split the stock further, which is why the last stock split occurred in 2001:</p><p><blockquote>相反，其目前的股价远低于XOM十多年前触及的90美元。与2008年触及的高点相比，油价较低等因素可以解释这一点，但一些资本配置错误，例如高价收购XTO Energy，也发挥了作用。由于十多年来股价表现不令人信服，因此没有必要进一步拆股，这也是上一次拆股发生在2001年的原因：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78d72f854559be94be7b23b64ee7591e\" tg-width=\"640\" tg-height=\"262\"><span>Source:exxonmobil.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：exxonmobil.com</span></p></blockquote></p><p> We see that Exxon Mobil split its stock 7 times between 1951 and 2001, so about once every seven years. If XOM would have kept that pace, about 2-3 stock splits would have occurred between 2001 and today, but there were none - a result of the weak share price performance in that time frame. In fact, shares of Exxon Mobil Corporation only rose by 42% since June 2001, when the last stock split occurred, and today. A 42% stock price increase in 20 years equates to annual returns of 1.8%, which is less than the rate of inflation - and there is no need to split the stock when it only climbs at that rate.</p><p><blockquote>我们看到埃克森美孚在1951年至2001年间将其股票分割了7次，大约每7年一次。如果XOM保持这一速度，从2001年到今天，大约会发生2-3次股票分割，但没有发生——这是该时间段内股价表现疲软的结果。事实上，埃克森美孚公司的股价自2001年6月（上次股票分割发生时）到今天仅上涨了42%。20年内股价上涨42%相当于年回报率1.8%，低于通货膨胀率——而且当股票仅以这个速度攀升时，没有必要分割股票。</blockquote></p><p> Looking at the number of outstanding shares, we see that Exxon Mobil has been an avid repurchaser of shares for prolonged periods in the past, e.g. between 1980 and 2000:</p><p><blockquote>从流通股数量来看，我们发现埃克森美孚在过去很长一段时间内都是股票回购的狂热者，例如1980年至2000年间：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/734fd1f142bcebfaba862b90421b85fe\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <i>Note: This chart uses today's split-adjusted shares</i></p><p><blockquote><i>注：此图表使用今天的分割调整后股票</i></blockquote></p><p> During that time frame, the company split its shares several times, which made sense, as this allowed for increased liquidity and a large float during times when the share count kept declining.</p><p><blockquote>在此期间，该公司多次分割股票，这是有道理的，因为这可以在股票数量持续下降的情况下增加流动性和大量流通量。</blockquote></p><p> The merger with Mobil made XOM's share count climb to around 7 billion shares in 1999 (adjusted for the split in 2001), but even though the share count has declined by a lot since 1999 and 2015, there wasn't a need to split shares another time, as XOM's share price had not moved up by a lot. Following the oil price crash in 2014-2015, Exxon Mobil has not lowered its share count meaningfully, and its shares have declined in that period, which made a stock split even less necessary - after all, why would the company split its stock, if it wasn't climbing anyways and if the share count was pretty constant?</p><p><blockquote>与美孚的合并使XOM的股票数量在1999年攀升至70亿股左右（根据2001年的分拆进行调整），但尽管股票数量自1999年和2015年以来下降了很多，但没有必要再次分拆股票，因为XOM的股价并没有上涨太多。在2014-2015年油价暴跌之后，埃克森美孚并没有大幅降低其股票数量，而且其股价在此期间下跌，这使得股票分割变得更加没有必要——毕竟，如果无论如何都没有攀升并且股票数量相当稳定，该公司为什么要分割股票呢？</blockquote></p><p> <b>Will XOM Stock Split Again</b></p><p><blockquote><b>XOM会再次进行股票分割吗</b></blockquote></p><p> Mostly, stock splits are done due to either of the following two reasons:</p><p><blockquote>大多数情况下，股票分割是出于以下两个原因之一：</blockquote></p><p> - Share prices have climbed by a lot and management believes it makes sense to have more shares at a lower price per share.</p><p><blockquote>-股价大幅上涨，管理层认为以较低的每股价格持有更多股票是有意义的。</blockquote></p><p> - The share count has declined by a lot, and in order to increase liquidity, the company decides to split its shares.</p><p><blockquote>-股份数量下降了很多，为了增加流动性，公司决定拆股。</blockquote></p><p></p><p> One can argue whether that makes sense, but since this method is employed by many companies all around the world, it seems to have its merits. In Exxon Mobil's case, neither of these two reasons are at play right now, which makes me believe that a stock split is unlikely in the foreseeable future.</p><p><blockquote>人们可以争论这是否有意义，但由于这种方法被世界各地的许多公司所采用，它似乎有其优点。就埃克森美孚而言，这两个原因目前都不起作用，这让我相信在可预见的未来不太可能进行股票分割。</blockquote></p><p> Exxon Mobil's share price is not really high, and in fact, it was much higher in the past, at more than $100 per share. Management did not feel a need for a stock split back then, so why would they want to split shares when they are at $60? On top of that, since Exxon Mobil's share count has not declined meaningfully in the recent past, liquidity shouldn't be a concern, either.</p><p><blockquote>埃克森美孚的股价并不是很高，事实上，过去的股价要高得多，每股100多美元。管理层当时并不认为有必要进行股票分割，那么当股价为60美元时，他们为什么要进行股票分割呢？最重要的是，由于埃克森美孚的股票数量最近没有大幅下降，流动性也不应该成为一个问题。</blockquote></p><p> Exxon Mobil's last stock split was done when the company had about 3.5 billion shares pre-split, the split prior to that was done when the company had about 1.3 billion shares pre-split. Stock splits prior to that were oftentimes done at pre-split share counts that were even lower than that. Right now, with 4.2 billion shares, Exxon Mobil's share count is substantially higher, and due to no meaningful buyback activity, it is doubtful whether XOM's share count will decline to a much lower level in the foreseeable future.</p><p><blockquote>埃克森美孚上一次股票分割是在该公司拥有约35亿股分拆前股票时完成的，此前的分割是在该公司拥有约13亿股分拆前股票时完成的。在此之前的股票分割通常是在分割前的股票数量甚至更低的情况下进行的。目前，埃克森美孚的股票数量为42亿股，要高得多，而且由于没有有意义的回购活动，XOM的股票数量在可预见的未来是否会降至更低的水平值得怀疑。</blockquote></p><p> A stock split can, of course, not be ruled out, and it seems very much possible that XOM eventually splits its shares again at some point in the future, but for the next couple of years, this seems like a relatively unlikely scenario to me.</p><p><blockquote>当然，不能排除股票分割的可能性，XOM最终很有可能在未来的某个时候再次分割其股票，但在接下来的几年里，这对我来说似乎是一种相对不太可能的情况。</blockquote></p><p> <b>Is XOM A Good Stock To Buy</b></p><p><blockquote><b>XOM是值得购买的好股票吗</b></blockquote></p><p> Even without a stock split, XOM can, of course, still be a solid investment. Oil prices have rallied quite a lot in 2021, and not surprisingly, shares of oil companies that had floundered in 2020 started to rise again. At $63 per share, XOM has experienced gains of a little more than 50% year-to-date, which is attractive for sure.</p><p><blockquote>当然，即使没有股票分割，XOM仍然可以是一项可靠的投资。2021年油价大幅上涨，毫不奇怪，2020年陷入困境的石油公司股价再次开始上涨。以每股63美元的价格，XOM今年迄今的涨幅略高于50%，这无疑具有吸引力。</blockquote></p><p> Thanks to cuts in capital expenditures and exploration programs from XOM and most of its peers, oil prices could potentially have a lot more room to run in the coming years. A global economic recovery, which will fuel demand for oil and gas, coupled with weak demand growth due to conservative exploration programs could lift oil prices to&nbsp;$100 per barrel&nbsp;in the near term, some analysts believe. I personally don't want to bet on that by buying oil futures, but we generally agree that oil prices could have more room to run over the coming years - massive monetary stimulus that has lifted many commodity prices helps as well.</p><p><blockquote>由于XOM和大多数同行削减了资本支出和勘探计划，油价在未来几年可能有更大的上涨空间。一些分析师认为，全球经济复苏将刺激对石油和天然气的需求，加上保守的勘探计划导致的需求增长疲软，可能会在短期内将油价推升至每桶100美元。我个人不想通过购买石油期货来押注这一点，但我们普遍认为，油价在未来几年可能有更大的上涨空间——提振许多大宗商品价格的大规模货币刺激也有所帮助。</blockquote></p><p> If oil prices do really reach $80, $90, $100, or even more, XOM should do very well, as its portfolio is generally optimized for low break-even costs, which would allow its assets to generate a lot of cash if the oil price environment is conductive. It should, however, be noted that more or less all other oil companies will do well in a high-oil-price environment as well, so this isn't a reason to buy XOM specifically.</p><p><blockquote>如果油价真的达到80美元、90美元、100美元，甚至更高，XOM应该会做得很好，因为其投资组合通常会针对低盈亏平衡成本进行优化，如果油价上涨，这将使其资产产生大量现金环境是导电的。然而，应该指出的是，或多或少所有其他石油公司在高油价环境下也会表现良好，因此这并不是专门购买XOM的理由。</blockquote></p><p> Looking at a comparison between Exxon Mobil and its peers, we see that XOM is quite expensive:</p><p><blockquote>通过埃克森美孚与同行的比较，我们发现XOM相当昂贵：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d23f901e4fbfea943119ab1b094399a7\" tg-width=\"635\" tg-height=\"682\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> XOM, as well as Chevron (CVX), trades at substantial premiums compared to European peers such as BP (BP), Royal Dutch Shell (RDS.A) (RDS.B), and TotalEnergies (TTE). Exxon Mobil's 2021 earnings multiple, its 2022 earnings multiple, and its EV to EBITDA ratio are way higher than those of the European supermajors. Some may prefer the reluctance of XOM and CVX when it comes to ESG approaches, whereas BP, RDS, and TTE seem to be embracing a move towards renewables more ambitiously.</p><p><blockquote>与BP(BP)、荷兰皇家壳牌(RDS.A)(RDS.B)和TotalEnergies(TTE)等欧洲同行相比，XOM和雪佛龙(CVX)的交易价格大幅溢价。埃克森美孚2021年市盈率、2022年市盈率以及EV与EBITDA比率远高于欧洲超级巨头。在ESG方法方面，有些人可能更喜欢XOM和CVX的不情愿，而BP、RDS和TTE似乎更雄心勃勃地转向可再生能源。</blockquote></p><p> XOM and CVX also do have a better dividend track record compared to their European peers, two of which cut their dividends during the pandemic. But I personally do not think that it makes sense to buy shares of a supermajor at 17x forward earnings when other supermajors trade for less than 10x this year's expected profits. If oil prices continue to climb, the European peers will profit just as much, and they do have multiple expansion potential on top of that, which seems less likely for XOM and CVX.</p><p><blockquote>与欧洲同行相比，XOM和CVX也确实拥有更好的股息记录，其中两家在大流行期间削减了股息。但我个人认为，当其他超级巨头的交易价格低于今年预期利润的10倍时，以17倍的预期市盈率购买超级巨头的股票是没有意义的。如果油价继续攀升，欧洲同行也将获得同样多的利润，而且除此之外，他们确实还有多重扩张潜力，这对于XOM和CVX来说似乎不太可能。</blockquote></p><p> When one takes a look outside of the supermajor league, then the Canadian oil sands players do seem like attractive oil price plays as well, due to low cash costs, low-decline assets with long lifespans, and strong cash generation.</p><p><blockquote>当人们把目光投向超级大联盟之外时，加拿大油砂公司似乎也是有吸引力的油价公司，因为现金成本低、资产寿命长、跌幅低、现金生成能力强。</blockquote></p><p> Overall, I think XOM could do well over the coming years as oil prices could easily climb further from the current level, but I don't think that XOM is the best play in the oil space. Other supermajors are much cheaper while providing similar upside if oil prices continue to climb, and more specialized quality players like some of the Canadian oil sands companies or high-quality US shale plays could be better choices than XOM as well. XOM thus looks solid as an oil price play, but there are better options available.</p><p><blockquote>总体而言，我认为XOM在未来几年可能会表现良好，因为油价很容易从当前水平进一步攀升，但我不认为XOM是石油领域的最佳选择。如果油价继续攀升，其他超级巨头的价格要便宜得多，同时也会提供类似的上涨空间，而一些加拿大油砂公司或优质美国页岩油公司等更专业的优质公司也可能是比XOM更好的选择。因此，XOM作为油价走势看起来很稳健，但还有更好的选择。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4437218-will-exxon-mobil-stock-split-again\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"https://seekingalpha.com/article/4437218-will-exxon-mobil-stock-split-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120348430","content_text":"Summary\n\nSome investors do care a lot about stock splits, as those can fuel share price upside, as we saw last year when TSLA and AAPL split their stocks.\nXOM has regularly split its shares in the 20th century, but due to low share price growth, there have not been any splits in the recent past.\nWe believe that another stock split in the foreseeable future is unlikely, but that doesn't mean that XOM must be a bad investment.\n\nYuichiro Chino/Moment via Getty Images\nArticle Thesis\nExxon Mobil Corporation (XOM) has put a lot of effort into reducing its share count in the past, which allowed the company to split its stock from time to time. In recent years, however, free cash flows were not especially strong, and the dividend payments soaked up most of those cash flows, which is why the share count has not declined meaningfully. On top of that, Exxon Mobil's shares have moved sideways for a long period of time, which made a stock split feel unnecessary.\nGoing forward, Exxon Mobil seems to be well-positioned to generate growing cash flows, but buybacks will likely still not be too hefty, as Exxon Mobil also has to improve its balance sheet. I thus don't expect another stock split in the near term, although that doesn't mean that Exxon Mobil must be a bad investment at all.\nXOM Stock Split History\nLooking at Exxon Mobil's share price chart, we see that XOM has moved upwards relatively consistently for decades, up to around 2007. Due to these upward moves, splitting the stock regularly made sense, in order to prevent shares from getting too expensive. For the last 13 years or so, however, XOM has not continued to move up:\nData by YCharts\nInstead, its share price today is well below the $90s that XOM hit more than a decade ago. This can be explained by factors such as lower oil prices, compared to the highs that were hit in 2008, but some capital allocation mistakes, such as the overpriced takeover of XTO Energy, played a role as well. Due to the unconvincing share price performance in more than a decade, there was no need to split the stock further, which is why the last stock split occurred in 2001:\nSource:exxonmobil.com\nWe see that Exxon Mobil split its stock 7 times between 1951 and 2001, so about once every seven years. If XOM would have kept that pace, about 2-3 stock splits would have occurred between 2001 and today, but there were none - a result of the weak share price performance in that time frame. In fact, shares of Exxon Mobil Corporation only rose by 42% since June 2001, when the last stock split occurred, and today. A 42% stock price increase in 20 years equates to annual returns of 1.8%, which is less than the rate of inflation - and there is no need to split the stock when it only climbs at that rate.\nLooking at the number of outstanding shares, we see that Exxon Mobil has been an avid repurchaser of shares for prolonged periods in the past, e.g. between 1980 and 2000:\nData by YCharts\nNote: This chart uses today's split-adjusted shares\nDuring that time frame, the company split its shares several times, which made sense, as this allowed for increased liquidity and a large float during times when the share count kept declining.\nThe merger with Mobil made XOM's share count climb to around 7 billion shares in 1999 (adjusted for the split in 2001), but even though the share count has declined by a lot since 1999 and 2015, there wasn't a need to split shares another time, as XOM's share price had not moved up by a lot. Following the oil price crash in 2014-2015, Exxon Mobil has not lowered its share count meaningfully, and its shares have declined in that period, which made a stock split even less necessary - after all, why would the company split its stock, if it wasn't climbing anyways and if the share count was pretty constant?\nWill XOM Stock Split Again\nMostly, stock splits are done due to either of the following two reasons:\n- Share prices have climbed by a lot and management believes it makes sense to have more shares at a lower price per share.\n- The share count has declined by a lot, and in order to increase liquidity, the company decides to split its shares.\nOne can argue whether that makes sense, but since this method is employed by many companies all around the world, it seems to have its merits. In Exxon Mobil's case, neither of these two reasons are at play right now, which makes me believe that a stock split is unlikely in the foreseeable future.\nExxon Mobil's share price is not really high, and in fact, it was much higher in the past, at more than $100 per share. Management did not feel a need for a stock split back then, so why would they want to split shares when they are at $60? On top of that, since Exxon Mobil's share count has not declined meaningfully in the recent past, liquidity shouldn't be a concern, either.\nExxon Mobil's last stock split was done when the company had about 3.5 billion shares pre-split, the split prior to that was done when the company had about 1.3 billion shares pre-split. Stock splits prior to that were oftentimes done at pre-split share counts that were even lower than that. Right now, with 4.2 billion shares, Exxon Mobil's share count is substantially higher, and due to no meaningful buyback activity, it is doubtful whether XOM's share count will decline to a much lower level in the foreseeable future.\nA stock split can, of course, not be ruled out, and it seems very much possible that XOM eventually splits its shares again at some point in the future, but for the next couple of years, this seems like a relatively unlikely scenario to me.\nIs XOM A Good Stock To Buy\nEven without a stock split, XOM can, of course, still be a solid investment. Oil prices have rallied quite a lot in 2021, and not surprisingly, shares of oil companies that had floundered in 2020 started to rise again. At $63 per share, XOM has experienced gains of a little more than 50% year-to-date, which is attractive for sure.\nThanks to cuts in capital expenditures and exploration programs from XOM and most of its peers, oil prices could potentially have a lot more room to run in the coming years. A global economic recovery, which will fuel demand for oil and gas, coupled with weak demand growth due to conservative exploration programs could lift oil prices to $100 per barrel in the near term, some analysts believe. I personally don't want to bet on that by buying oil futures, but we generally agree that oil prices could have more room to run over the coming years - massive monetary stimulus that has lifted many commodity prices helps as well.\nIf oil prices do really reach $80, $90, $100, or even more, XOM should do very well, as its portfolio is generally optimized for low break-even costs, which would allow its assets to generate a lot of cash if the oil price environment is conductive. It should, however, be noted that more or less all other oil companies will do well in a high-oil-price environment as well, so this isn't a reason to buy XOM specifically.\nLooking at a comparison between Exxon Mobil and its peers, we see that XOM is quite expensive:\nData by YCharts\nXOM, as well as Chevron (CVX), trades at substantial premiums compared to European peers such as BP (BP), Royal Dutch Shell (RDS.A) (RDS.B), and TotalEnergies (TTE). Exxon Mobil's 2021 earnings multiple, its 2022 earnings multiple, and its EV to EBITDA ratio are way higher than those of the European supermajors. Some may prefer the reluctance of XOM and CVX when it comes to ESG approaches, whereas BP, RDS, and TTE seem to be embracing a move towards renewables more ambitiously.\nXOM and CVX also do have a better dividend track record compared to their European peers, two of which cut their dividends during the pandemic. But I personally do not think that it makes sense to buy shares of a supermajor at 17x forward earnings when other supermajors trade for less than 10x this year's expected profits. If oil prices continue to climb, the European peers will profit just as much, and they do have multiple expansion potential on top of that, which seems less likely for XOM and CVX.\nWhen one takes a look outside of the supermajor league, then the Canadian oil sands players do seem like attractive oil price plays as well, due to low cash costs, low-decline assets with long lifespans, and strong cash generation.\nOverall, I think XOM could do well over the coming years as oil prices could easily climb further from the current level, but I don't think that XOM is the best play in the oil space. Other supermajors are much cheaper while providing similar upside if oil prices continue to climb, and more specialized quality players like some of the Canadian oil sands companies or high-quality US shale plays could be better choices than XOM as well. XOM thus looks solid as an oil price play, but there are better options available.","news_type":1,"symbols_score_info":{"XOM":0.9}},"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161371823,"gmtCreate":1623907599462,"gmtModify":1634026001425,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Huat ah","listText":"Huat ah","text":"Huat ah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161371823","repostId":"2143379379","repostType":4,"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185797133,"gmtCreate":1623672297522,"gmtModify":1634030390272,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Keep it coming brother thanks","listText":"Keep it coming brother thanks","text":"Keep it coming brother thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/185797133","repostId":"1146430910","repostType":4,"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150661975,"gmtCreate":1624896600797,"gmtModify":1631887210110,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Get rich","listText":"Get rich","text":"Get rich","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/150661975","repostId":"1124372919","repostType":2,"isVote":1,"tweetType":1,"viewCount":431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124062344,"gmtCreate":1624708791888,"gmtModify":1631892383805,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Okok","listText":"Okok","text":"Okok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/124062344","repostId":"1164137597","repostType":4,"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314171881,"gmtCreate":1612325527443,"gmtModify":1703760380474,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Rip","listText":"Rip","text":"Rip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/314171881","repostId":"1172237562","repostType":4,"repost":{"id":"1172237562","kind":"news","pubTimestamp":1612320389,"share":"https://www.laohu8.com/m/news/1172237562?lang=zh_CN&edition=full","pubTime":"2021-02-03 10:46","market":"us","language":"en","title":"Short-sellers were pulling back even before Reddit’s GameStop squeeze<blockquote>甚至在Reddit的游戏驿站挤压之前，卖空者就已经撤退了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172237562","media":"marketwatch","summary":"Short-sellers in GameStopGME,-60.00%and other targeted stocks have been beaten up recently, but shor","content":"<p>Short-sellers in GameStopGME,-60.00%and other targeted stocks have been beaten up recently, but short-selling may be helping to keep the bull market alive.</p><p><blockquote>GameStopGME、-60.00%和其他目标股票的卖空者最近受到了打击，但卖空可能有助于保持牛市的活力。</blockquote></p><p> Short-selling, according to academic research, has strong predictive power for the U.S. stock market’s subsequent 12-month return. Right now, short interest is unusually low, says Matthew Ringgenberg, a finance professor at the University of Utah.</p><p><blockquote>做空，根据学术研究，对美国股市随后12个月的回报有很强的预测力。犹他大学金融学教授马修·林根伯格表示，目前空头兴趣异常低。</blockquote></p><p> Ringgenberg is a leading expert on the behavior of short sellers. In an interview, he observed: “Even before the recent short squeezes, short interest in December and January was approaching historically low levels. In fact, with the exception of December 2018, this is the lowest short interest has been since before the 2008 crisis.” The data to which he is referring are plotted in the chart below.</p><p><blockquote>林根伯格是卖空者行为方面的领先专家。他在接受采访时观察到：“即使在最近的空头挤压之前，12月和1月的空头兴趣也接近历史低位。事实上，除了2018年12月，这是自2008年危机前以来空头兴趣的最低水平。”他所指的数据绘制在下图中。</blockquote></p><p> Be wary of contrarian investors who interpret low short interest as bearish. Ringgenberg says the contrarians are wrong; his research has found that the short sellers on balance are more right than not.</p><p><blockquote>警惕将空头兴趣低解读为看跌的逆向投资者。林根伯格表示，逆向投资者是错误的；他的研究发现，总的来说，卖空者是正确的。</blockquote></p><p> Note carefully that the chart focuses on the raw short interest ratio. As I have reported in prior columns about Ringgenberg’s research, he has found that the predictive power of the ratio can be improved by calculating where it stands relative to its underlying trend. This adjusted ratio, he adds, is even more bullish than the raw unadjusted ratio.</p><p><blockquote>请仔细注意，该图表重点关注原始空头利率。正如我在之前关于林根伯格研究的专栏中报道的那样，他发现可以通过计算该比率相对于其潜在趋势的位置来提高该比率的预测能力。他补充说，这一调整后的比率甚至比未经调整的原始比率更加乐观。</blockquote></p><p> Note also that the investment horizon for which this adjusted ratio has shown explanatory power is 12 months. So even if the current prediction is spot-on, it tells us nothing about the path the market takes along the way. It could be, for example, that the S&amp;P 500SPX,+1.39%is higher in 12 months while suffering a steep decline along the way. That’s what happened over the past year.</p><p><blockquote>另请注意，该调整后比率显示出解释力的投资期限为12个月。因此，即使目前的预测是准确的，它也没有告诉我们任何关于市场前进道路的信息。例如，标准普尔500SPX指数可能会在12个月内上涨+1.39%，同时在此过程中大幅下跌。这就是过去一年发生的事情。</blockquote></p><p> <b>One big caveat</b></p><p><blockquote><b>一个大警告</b></blockquote></p><p> Ringgenberg says that on rare occasions, short sellers are particularly bearish but nevertheless choose not to aggressively sell short. This occurs most typically when investor sentiment is exuberant, the market is volatile, and when certain stocks are trading without any discernible relationship to their underlying fundamentals. During such times, he said, the already-high risks that short sellers face grow to intolerable levels—and many of them retreat to the sidelines.</p><p><blockquote>林根伯格表示，在极少数情况下，卖空者特别看跌，但仍然选择不大幅卖空。当投资者情绪旺盛、市场波动以及某些股票的交易与其基本面没有任何明显关系时，这种情况最常见。他说，在这种时候，卖空者面临的本已很高的风险会增长到无法忍受的水平，他们中的许多人会退缩到观望状态。</blockquote></p><p> I mentioned this phenomenon, referred to as the “limits to arbitrage,” in acolumn last week about the GameStop saga. Perhaps the most prominent historical example of it came at the end of the internet bubble when a number of dot-com companies with no assets, revenue or business plan were propelled to sky-high valuations. The short interest ratio actually declined from 1998 through 2000 despite ever-rising valuations.</p><p><blockquote>我在上周关于游戏驿站传奇的专栏中提到了这种被称为“套利极限”的现象。也许最突出的历史例子出现在互联网泡沫结束时，当时许多没有资产、收入或商业计划的互联网公司被推到了天价估值。尽管估值不断上升，但从1998年到2000年，空头利率实际上有所下降。</blockquote></p><p> There are some who currently believe we’re in a bubble similar to the late 1990s. If they’re right, then we should not make too much of short sellers’ lack of aggressiveness. Absent that possibility, the message of the short-sale ratio is bullish for the next 12 months.</p><p><blockquote>目前有些人认为我们正处于类似于20世纪90年代末的泡沫之中。如果他们是对的，那么我们不应该过分强调卖空者缺乏侵略性。如果没有这种可能性，卖空比率的信息在未来12个月是看涨的。</blockquote></p><p></p>","source":"lsy1603348471595","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>Short-sellers were pulling back even before Reddit’s GameStop squeeze<blockquote>甚至在Reddit的游戏驿站挤压之前，卖空者就已经撤退了</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\">\nShort-sellers were pulling back even before Reddit’s GameStop squeeze<blockquote>甚至在Reddit的游戏驿站挤压之前，卖空者就已经撤退了</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-02-03 10:46</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Short-sellers in GameStopGME,-60.00%and other targeted stocks have been beaten up recently, but short-selling may be helping to keep the bull market alive.</p><p><blockquote>GameStopGME、-60.00%和其他目标股票的卖空者最近受到了打击，但卖空可能有助于保持牛市的活力。</blockquote></p><p> Short-selling, according to academic research, has strong predictive power for the U.S. stock market’s subsequent 12-month return. Right now, short interest is unusually low, says Matthew Ringgenberg, a finance professor at the University of Utah.</p><p><blockquote>做空，根据学术研究，对美国股市随后12个月的回报有很强的预测力。犹他大学金融学教授马修·林根伯格表示，目前空头兴趣异常低。</blockquote></p><p> Ringgenberg is a leading expert on the behavior of short sellers. In an interview, he observed: “Even before the recent short squeezes, short interest in December and January was approaching historically low levels. In fact, with the exception of December 2018, this is the lowest short interest has been since before the 2008 crisis.” The data to which he is referring are plotted in the chart below.</p><p><blockquote>林根伯格是卖空者行为方面的领先专家。他在接受采访时观察到：“即使在最近的空头挤压之前，12月和1月的空头兴趣也接近历史低位。事实上，除了2018年12月，这是自2008年危机前以来空头兴趣的最低水平。”他所指的数据绘制在下图中。</blockquote></p><p> Be wary of contrarian investors who interpret low short interest as bearish. Ringgenberg says the contrarians are wrong; his research has found that the short sellers on balance are more right than not.</p><p><blockquote>警惕将空头兴趣低解读为看跌的逆向投资者。林根伯格表示，逆向投资者是错误的；他的研究发现，总的来说，卖空者是正确的。</blockquote></p><p> Note carefully that the chart focuses on the raw short interest ratio. As I have reported in prior columns about Ringgenberg’s research, he has found that the predictive power of the ratio can be improved by calculating where it stands relative to its underlying trend. This adjusted ratio, he adds, is even more bullish than the raw unadjusted ratio.</p><p><blockquote>请仔细注意，该图表重点关注原始空头利率。正如我在之前关于林根伯格研究的专栏中报道的那样，他发现可以通过计算该比率相对于其潜在趋势的位置来提高该比率的预测能力。他补充说，这一调整后的比率甚至比未经调整的原始比率更加乐观。</blockquote></p><p> Note also that the investment horizon for which this adjusted ratio has shown explanatory power is 12 months. So even if the current prediction is spot-on, it tells us nothing about the path the market takes along the way. It could be, for example, that the S&amp;P 500SPX,+1.39%is higher in 12 months while suffering a steep decline along the way. That’s what happened over the past year.</p><p><blockquote>另请注意，该调整后比率显示出解释力的投资期限为12个月。因此，即使目前的预测是准确的，它也没有告诉我们任何关于市场前进道路的信息。例如，标准普尔500SPX指数可能会在12个月内上涨+1.39%，同时在此过程中大幅下跌。这就是过去一年发生的事情。</blockquote></p><p> <b>One big caveat</b></p><p><blockquote><b>一个大警告</b></blockquote></p><p> Ringgenberg says that on rare occasions, short sellers are particularly bearish but nevertheless choose not to aggressively sell short. This occurs most typically when investor sentiment is exuberant, the market is volatile, and when certain stocks are trading without any discernible relationship to their underlying fundamentals. During such times, he said, the already-high risks that short sellers face grow to intolerable levels—and many of them retreat to the sidelines.</p><p><blockquote>林根伯格表示，在极少数情况下，卖空者特别看跌，但仍然选择不大幅卖空。当投资者情绪旺盛、市场波动以及某些股票的交易与其基本面没有任何明显关系时，这种情况最常见。他说，在这种时候，卖空者面临的本已很高的风险会增长到无法忍受的水平，他们中的许多人会退缩到观望状态。</blockquote></p><p> I mentioned this phenomenon, referred to as the “limits to arbitrage,” in acolumn last week about the GameStop saga. Perhaps the most prominent historical example of it came at the end of the internet bubble when a number of dot-com companies with no assets, revenue or business plan were propelled to sky-high valuations. The short interest ratio actually declined from 1998 through 2000 despite ever-rising valuations.</p><p><blockquote>我在上周关于游戏驿站传奇的专栏中提到了这种被称为“套利极限”的现象。也许最突出的历史例子出现在互联网泡沫结束时，当时许多没有资产、收入或商业计划的互联网公司被推到了天价估值。尽管估值不断上升，但从1998年到2000年，空头利率实际上有所下降。</blockquote></p><p> There are some who currently believe we’re in a bubble similar to the late 1990s. If they’re right, then we should not make too much of short sellers’ lack of aggressiveness. Absent that possibility, the message of the short-sale ratio is bullish for the next 12 months.</p><p><blockquote>目前有些人认为我们正处于类似于20世纪90年代末的泡沫之中。如果他们是对的，那么我们不应该过分强调卖空者缺乏侵略性。如果没有这种可能性，卖空比率的信息在未来12个月是看涨的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/short-sellers-were-pulling-back-even-before-reddits-gamestop-squeeze-11612233719?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":"https://static.tigerbbs.com/9f274618dde80cee69492990094f7510","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.marketwatch.com/story/short-sellers-were-pulling-back-even-before-reddits-gamestop-squeeze-11612233719?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172237562","content_text":"Short-sellers in GameStopGME,-60.00%and other targeted stocks have been beaten up recently, but short-selling may be helping to keep the bull market alive.\nShort-selling, according to academic research, has strong predictive power for the U.S. stock market’s subsequent 12-month return. Right now, short interest is unusually low, says Matthew Ringgenberg, a finance professor at the University of Utah.\nRinggenberg is a leading expert on the behavior of short sellers. In an interview, he observed: “Even before the recent short squeezes, short interest in December and January was approaching historically low levels. In fact, with the exception of December 2018, this is the lowest short interest has been since before the 2008 crisis.” The data to which he is referring are plotted in the chart below.\nBe wary of contrarian investors who interpret low short interest as bearish. Ringgenberg says the contrarians are wrong; his research has found that the short sellers on balance are more right than not.\nNote carefully that the chart focuses on the raw short interest ratio. As I have reported in prior columns about Ringgenberg’s research, he has found that the predictive power of the ratio can be improved by calculating where it stands relative to its underlying trend. This adjusted ratio, he adds, is even more bullish than the raw unadjusted ratio.\nNote also that the investment horizon for which this adjusted ratio has shown explanatory power is 12 months. So even if the current prediction is spot-on, it tells us nothing about the path the market takes along the way. It could be, for example, that the S&P 500SPX,+1.39%is higher in 12 months while suffering a steep decline along the way. That’s what happened over the past year.\nOne big caveat\nRinggenberg says that on rare occasions, short sellers are particularly bearish but nevertheless choose not to aggressively sell short. This occurs most typically when investor sentiment is exuberant, the market is volatile, and when certain stocks are trading without any discernible relationship to their underlying fundamentals. During such times, he said, the already-high risks that short sellers face grow to intolerable levels—and many of them retreat to the sidelines.\nI mentioned this phenomenon, referred to as the “limits to arbitrage,” in acolumn last week about the GameStop saga. Perhaps the most prominent historical example of it came at the end of the internet bubble when a number of dot-com companies with no assets, revenue or business plan were propelled to sky-high valuations. The short interest ratio actually declined from 1998 through 2000 despite ever-rising valuations.\nThere are some who currently believe we’re in a bubble similar to the late 1990s. If they’re right, then we should not make too much of short sellers’ lack of aggressiveness. Absent that possibility, the message of the short-sale ratio is bullish for the next 12 months.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3527667803686145","idStr":"3527667803686145"},"content":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引","text":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引","html":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808601178,"gmtCreate":1627571415294,"gmtModify":1631891184571,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Lnice like","listText":"Lnice like","text":"Lnice like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808601178","repostId":"2155290035","repostType":4,"isVote":1,"tweetType":1,"viewCount":2786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176838673,"gmtCreate":1626875557392,"gmtModify":1631891184596,"author":{"id":"3574902235266465","authorId":"3574902235266465","name":"NekoCatBin","avatar":"https://static.tigerbbs.com/fc243854847e0bb4cc112b417d854611","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574902235266465","idStr":"3574902235266465"},"themes":[],"htmlText":"Comment like","listText":"Comment like","text":"Comment like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/176838673","repostId":"1151816705","repostType":4,"repost":{"id":"1151816705","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626875217,"share":"https://www.laohu8.com/m/news/1151816705?lang=zh_CN&edition=full","pubTime":"2021-07-21 21:46","market":"us","language":"en","title":"Energy stocks gain in morning trading<blockquote>能源股早盘上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151816705","media":"Tiger Newspress","summary":"(July 21) Energy stocks gain in morning trading, Futures of Brent crude oil climbed over 2% to $68.9","content":"<p>(July 21)&nbsp;Energy stocks gain in morning trading,&nbsp;Futures of Brent crude oil climbed over 2% to $68.98 a barrel.</p><p><blockquote>（7月21日）能源股早盘上涨，布伦特原油期货攀升逾2%，至每桶68.98美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/34e146a311ad98f1b9fce2ecc76f97e9\" tg-width=\"303\" tg-height=\"205\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <img src=\"https://static.tigerbbs.com/21b102daa173644cf1279b33fee9c41a\" tg-width=\"1080\" tg-height=\"1868\" width=\"100%\" height=\"auto\"></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>Energy stocks gain in morning trading<blockquote>能源股早盘上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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