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MightyPooP

MightyPooP

Hi! Let's earn together!

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2021-08-20

She's always saying things but the market goes on. Do your own research on what other experts say and make your decisions. Not just based on what ONE person said.

Ark's Cathie Wood says stock market 'couldn't be further away from a bubble.' Here's why.<blockquote>Ark的凯西·伍德(Cathie Wood)表示，股市“离泡沫再远不过了”。原因如下。</blockquote>

2021-08-11

Tesla fly to 1k please!

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2021-04-01

Please like my post. Biden please more good news! Make all EV stock fly!

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2021-03-29

Please help to like and comment. Thank u.

ARK Innovation Fund Has Reshuffled Its Holdings. What That Means for Investors<blockquote>方舟创新基金进行了持仓洗牌。这对投资者意味着什么</blockquote>

2021-08-04

Nokia has been really busy in securing business since the past almost a year. Price is still undervalued and will boom eventually over time.

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2021-07-28

Pull backs are normal. Don't fret. Markets have their ups and downs.

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2021-04-17

Buy GME everyone!

$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote>

2021-07-31

Interesting and good info to take into consideration.

You can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</blockquote>

2021-06-15

If only Elon Musk tweeted that....it would have reached that price by end of June 2021 [笑哭] [喷血] [财迷]

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2021-04-07

Like and comment pls

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href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>Let's gooooo!!!&nbsp;","listText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>Let's gooooo!!!&nbsp;","text":"$ARK Innovation ETF(ARKK)$Let's gooooo!!!","images":[{"img":"https://static.tigerbbs.com/d91288ca07db017531300d805c84c0da","width":"1440","height":"2560"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853429950","isVote":1,"tweetType":1,"viewCount":3012,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":853347551,"gmtCreate":1634776510898,"gmtModify":1634776684435,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Go $SPCE!","listText":"Go $SPCE!","text":"Go $SPCE!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853347551","repostId":"1194137945","repostType":4,"repost":{"id":"1194137945","kind":"news","pubTimestamp":1634775182,"share":"https://www.laohu8.com/m/news/1194137945?lang=zh_CN&edition=full","pubTime":"2021-10-21 08:13","market":"us","language":"en","title":"SPCE Stock: Experts Forecast 55% Upside Ahead<blockquote>SPCE股票：专家预测未来上涨55%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194137945","media":"TheStreet","summary":"Although still skeptical, Wall Street analysts see considerable upside potential ahead for SPCE. Tod","content":"<p>Although still skeptical, Wall Street analysts see considerable upside potential ahead for SPCE. Today, Wall Street Memes looks at the expert opinions on Virgin Galactic stock.</p><p><blockquote>尽管华尔街分析师仍持怀疑态度，但他们认为SPCE未来还有相当大的上涨潜力。今天，华尔街模因来看看专家对维珍银河股票的看法。</blockquote></p><p> Virgin Galactic, the former SPAC founded by Richard Branson, saw its share price peak in July driven by excitement over the company’s first flight into space. But the stock’s performance has been slowly fading since then.</p><p><blockquote>由理查德·布兰森(Richard Branson)创立的前SPAC维珍银河(Virgin Galactic)在该公司首次太空飞行的兴奋推动下，其股价在7月份达到顶峰。但此后该股的表现一直在慢慢消退。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e87721dff9e481d4fb9ede63f9f45bac\" tg-width=\"1206\" tg-height=\"720\" width=\"100%\" height=\"auto\"><span>Figure 1: Virgin Galactic's first flight.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：维珍银河首飞。</span></p></blockquote></p><p> SPCE dropped more than 50% in the past few months (see below). Recently, Virgin Galactic shares dug deeper into the hole after theannouncementof a launch delay for the company’s commercial space service, from Q3 to Q4 of next year.</p><p><blockquote>SPCE在过去几个月下跌了50%以上（见下文）。最近，维珍银河宣布将该公司商业太空服务的发射从明年第三季度推迟到第四季度后，股价进一步下跌。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c7b370ea9f25e6ab28c71407c3989964\" tg-width=\"504\" tg-height=\"317\" width=\"100%\" height=\"auto\"><span>Figure 2: SPCE stock chart.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：SPCE股票图表。</span></p></blockquote></p><p> While striking a skeptical tone on the heels of the recent news, Wall Street experts still see 55% upside potential ahead for SPCE. Today, Wall Street Memes looks more closely at SPCE’s bullish and bearish theses.</p><p><blockquote>尽管华尔街专家对最近的消息持怀疑态度，但仍认为SPCE未来有55%的上涨潜力。今天，华尔街迷因更仔细地研究了SPCE的看涨和看跌论点。</blockquote></p><p> <b>Neutral, but with upside</b></p><p><blockquote><b>中性，但有上行空间</b></blockquote></p><p> Wall Street analysts seem&nbsp;skeptical&nbsp;towards Virgin Galactic stock. Based on the 10 most recent reports published, SPCE has a neutral consensus rating. But with an average price&nbsp;target&nbsp;of over $30, the same experts have been suggesting 55% upside potential from current levels.</p><p><blockquote>华尔街分析师似乎对维珍银河股票持怀疑态度。根据最近发布的10份报告，SPCE的共识评级为中性。但由于平均目标价超过30美元，这些专家一直表示较当前水平有55%的上涨潜力。</blockquote></p><p> The bull side:</p><p><blockquote>多头方面：</blockquote></p><p> <ul>  <li><b>Truist Financial</b>&nbsp;is the bull of bulls, with a buy rating and a $50 price target on the stock —a whopping 150% upside potential. Despiteacknowledgingthat space tourism race momentum has passed, he thinks that the long-term prospects look good. Analyst Michael Ciarmoli wrote:</li> </ul>   “  <i>In a worst case scenario, we believe SPCE could see signs of a market leading position erode with the stock drifting lower. [But the launch] delay appears to be immaterial to SPCE’s longer term intrinsic value.”</i>  <ul>  <li><b>Canaccord Genuity</b>&nbsp;has a buy recommendation on the stock and a $48 price target, for 139% upside potential. The analyst is notconcernedthat Virgin Galactic’s schedule changes will affect the company’s long-term space plans. Analyst Austin Moeller has said:</li> </ul>   “  <i>We continue to view the enhancement period, which will raise VSS Unity</i>’  <i>s flight readiness to every 4-5 weeks and VMS Eve</i>’  <i>s endurance to ~100 flights, to be important to boosting customer launch cadence.”</i>  The bear side:</p><p><blockquote><ul><li><b>Truist金融</b>是多头中的多头，给予该股买入评级和50美元的目标价——高达150%的上涨潜力。尽管承认太空旅游竞赛的势头已经过去，但他认为长期前景良好。分析师迈克尔·恰莫利写道：</li></ul>“<i>在最坏的情况下，我们认为SPCE可能会看到市场领先地位随着股价走低而受到侵蚀的迹象。[但发布]延迟似乎对SPCE的长期内在价值并不重要。”</i><ul><li><b>Canaccord真品</b>对该股给予买入建议，目标价为48美元，上涨潜力为139%。分析师并不担心维珍银河的时间表变化会影响该公司的长期太空计划。分析师奥斯汀·默勒表示：</li></ul>“<i>我们继续关注增强期，这将提高VSS Unity</i>’<i>每4-5周和VMS前夕做好飞行准备</i>’<i>续航能力可达约100次航班，这对于提高客户发布节奏非常重要。”</i>空头方面：</blockquote></p><p> <ul>  <li><b>Bank of America</b>&nbsp;has recently lowered its share price target on SPCE from $25 to $20 while keeping a sell recommendation. Questionsaroundthe company’s next steps is the core of the thesis. Here is what analyst Ron Epstein had to say:</li> </ul>   “  <i>We are uncertain about the company</i>’  <i>s ability to forecast such a future and unknown event after the recent failure to call the timing right on a relatively-known short-term event.”</i>  <ul>  <li><b>Morgan Stanley</b>&nbsp;is another bear with a sell recommendation on SPCE, but with a $25 price target that still represents 25% gain potential. The analyst&nbsp;seemed&nbsp;concerned about schedule and technical issues on flight testing. Analyst Kristine Liwag wrote:</li> </ul>   “  <i>We view it positively that the company is investing in increasing its long-term space flight capacity. However, these investments take time – sometimes more than anticipated.”</i>  <b>Wall Street Memes take</b></p><p><blockquote><ul><li><b>美国银行</b>最近将SPCE的目标股价从25美元下调至20美元，同时维持卖出建议。围绕公司下一步发展的问题是本文的核心。以下是分析师罗恩·爱泼斯坦(Ron Epstein)的看法：</li></ul>“<i>我们对公司不确定</i>’<i>在最近未能准确把握相对已知的短期事件的时机之后，我们有能力预测这样一个未来的未知事件。”</i><ul><li><b>摩根士丹利</b>是另一个空头，对SPCE给予卖出建议，但目标价为25美元，仍有25%的上涨潜力。分析师似乎担心飞行测试的时间表和技术问题。分析师Kristine Liwag写道：</li></ul>“<i>我们积极看待该公司正在投资提高其长期太空飞行能力。然而，这些投资需要时间——有时比预期的要长。”</i><b>华尔街模因</b></blockquote></p><p> SPCE behaved very much like a meme stock a few months ago: up sharply in late June, down sharply in early July, and so forth. Fundamentally, investing in SPCE poses many risks due to the complexity of the company’s ambitious project to commercialize space travel, especially as competition from well-capitalized rivals ramps up.</p><p><blockquote>几个月前，SPCE的表现非常像一只模因股票：6月底大幅上涨，7月初大幅下跌，等等。从根本上说，由于该公司雄心勃勃的太空旅行商业化项目的复杂性，投资SPCE会带来许多风险，尤其是在来自资本雄厚的竞争对手的竞争加剧的情况下。</blockquote></p><p> But, for long term investors, the recent news regarding the company’s flight delays should matter little. The stock can still “skyrocket” if next year’s launch timing is worked out and the company is able to execute beyond these short-term events.</p><p><blockquote>但是，对于长期投资者来说，最近有关该公司航班延误的消息应该无关紧要。如果明年的推出时间确定下来，并且公司能够在这些短期事件之后执行，该股仍然可以“飙升”。</blockquote></p><p> In any case, investors that choose to bet on SPCE in anticipation for outsized gains should expect turbulence (i.e. volatility) and be comfortable assuming risks that are well above market.</p><p><blockquote>无论如何，选择押注SPCE以预期获得巨大收益的投资者应该预料到动荡（即波动性），并乐于承担远高于市场的风险。</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>SPCE Stock: Experts Forecast 55% Upside Ahead<blockquote>SPCE股票：专家预测未来上涨55%</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\">\nSPCE Stock: Experts Forecast 55% Upside Ahead<blockquote>SPCE股票：专家预测未来上涨55%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-10-21 08:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Although still skeptical, Wall Street analysts see considerable upside potential ahead for SPCE. Today, Wall Street Memes looks at the expert opinions on Virgin Galactic stock.</p><p><blockquote>尽管华尔街分析师仍持怀疑态度，但他们认为SPCE未来还有相当大的上涨潜力。今天，华尔街模因来看看专家对维珍银河股票的看法。</blockquote></p><p> Virgin Galactic, the former SPAC founded by Richard Branson, saw its share price peak in July driven by excitement over the company’s first flight into space. But the stock’s performance has been slowly fading since then.</p><p><blockquote>由理查德·布兰森(Richard Branson)创立的前SPAC维珍银河(Virgin Galactic)在该公司首次太空飞行的兴奋推动下，其股价在7月份达到顶峰。但此后该股的表现一直在慢慢消退。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e87721dff9e481d4fb9ede63f9f45bac\" tg-width=\"1206\" tg-height=\"720\" width=\"100%\" height=\"auto\"><span>Figure 1: Virgin Galactic's first flight.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：维珍银河首飞。</span></p></blockquote></p><p> SPCE dropped more than 50% in the past few months (see below). Recently, Virgin Galactic shares dug deeper into the hole after theannouncementof a launch delay for the company’s commercial space service, from Q3 to Q4 of next year.</p><p><blockquote>SPCE在过去几个月下跌了50%以上（见下文）。最近，维珍银河宣布将该公司商业太空服务的发射从明年第三季度推迟到第四季度后，股价进一步下跌。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c7b370ea9f25e6ab28c71407c3989964\" tg-width=\"504\" tg-height=\"317\" width=\"100%\" height=\"auto\"><span>Figure 2: SPCE stock chart.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：SPCE股票图表。</span></p></blockquote></p><p> While striking a skeptical tone on the heels of the recent news, Wall Street experts still see 55% upside potential ahead for SPCE. Today, Wall Street Memes looks more closely at SPCE’s bullish and bearish theses.</p><p><blockquote>尽管华尔街专家对最近的消息持怀疑态度，但仍认为SPCE未来有55%的上涨潜力。今天，华尔街迷因更仔细地研究了SPCE的看涨和看跌论点。</blockquote></p><p> <b>Neutral, but with upside</b></p><p><blockquote><b>中性，但有上行空间</b></blockquote></p><p> Wall Street analysts seem&nbsp;skeptical&nbsp;towards Virgin Galactic stock. Based on the 10 most recent reports published, SPCE has a neutral consensus rating. But with an average price&nbsp;target&nbsp;of over $30, the same experts have been suggesting 55% upside potential from current levels.</p><p><blockquote>华尔街分析师似乎对维珍银河股票持怀疑态度。根据最近发布的10份报告，SPCE的共识评级为中性。但由于平均目标价超过30美元，这些专家一直表示较当前水平有55%的上涨潜力。</blockquote></p><p> The bull side:</p><p><blockquote>多头方面：</blockquote></p><p> <ul>  <li><b>Truist Financial</b>&nbsp;is the bull of bulls, with a buy rating and a $50 price target on the stock —a whopping 150% upside potential. Despiteacknowledgingthat space tourism race momentum has passed, he thinks that the long-term prospects look good. Analyst Michael Ciarmoli wrote:</li> </ul>   “  <i>In a worst case scenario, we believe SPCE could see signs of a market leading position erode with the stock drifting lower. [But the launch] delay appears to be immaterial to SPCE’s longer term intrinsic value.”</i>  <ul>  <li><b>Canaccord Genuity</b>&nbsp;has a buy recommendation on the stock and a $48 price target, for 139% upside potential. The analyst is notconcernedthat Virgin Galactic’s schedule changes will affect the company’s long-term space plans. Analyst Austin Moeller has said:</li> </ul>   “  <i>We continue to view the enhancement period, which will raise VSS Unity</i>’  <i>s flight readiness to every 4-5 weeks and VMS Eve</i>’  <i>s endurance to ~100 flights, to be important to boosting customer launch cadence.”</i>  The bear side:</p><p><blockquote><ul><li><b>Truist金融</b>是多头中的多头，给予该股买入评级和50美元的目标价——高达150%的上涨潜力。尽管承认太空旅游竞赛的势头已经过去，但他认为长期前景良好。分析师迈克尔·恰莫利写道：</li></ul>“<i>在最坏的情况下，我们认为SPCE可能会看到市场领先地位随着股价走低而受到侵蚀的迹象。[但发布]延迟似乎对SPCE的长期内在价值并不重要。”</i><ul><li><b>Canaccord真品</b>对该股给予买入建议，目标价为48美元，上涨潜力为139%。分析师并不担心维珍银河的时间表变化会影响该公司的长期太空计划。分析师奥斯汀·默勒表示：</li></ul>“<i>我们继续关注增强期，这将提高VSS Unity</i>’<i>每4-5周和VMS前夕做好飞行准备</i>’<i>续航能力可达约100次航班，这对于提高客户发布节奏非常重要。”</i>空头方面：</blockquote></p><p> <ul>  <li><b>Bank of America</b>&nbsp;has recently lowered its share price target on SPCE from $25 to $20 while keeping a sell recommendation. Questionsaroundthe company’s next steps is the core of the thesis. Here is what analyst Ron Epstein had to say:</li> </ul>   “  <i>We are uncertain about the company</i>’  <i>s ability to forecast such a future and unknown event after the recent failure to call the timing right on a relatively-known short-term event.”</i>  <ul>  <li><b>Morgan Stanley</b>&nbsp;is another bear with a sell recommendation on SPCE, but with a $25 price target that still represents 25% gain potential. The analyst&nbsp;seemed&nbsp;concerned about schedule and technical issues on flight testing. Analyst Kristine Liwag wrote:</li> </ul>   “  <i>We view it positively that the company is investing in increasing its long-term space flight capacity. However, these investments take time – sometimes more than anticipated.”</i>  <b>Wall Street Memes take</b></p><p><blockquote><ul><li><b>美国银行</b>最近将SPCE的目标股价从25美元下调至20美元，同时维持卖出建议。围绕公司下一步发展的问题是本文的核心。以下是分析师罗恩·爱泼斯坦(Ron Epstein)的看法：</li></ul>“<i>我们对公司不确定</i>’<i>在最近未能准确把握相对已知的短期事件的时机之后，我们有能力预测这样一个未来的未知事件。”</i><ul><li><b>摩根士丹利</b>是另一个空头，对SPCE给予卖出建议，但目标价为25美元，仍有25%的上涨潜力。分析师似乎担心飞行测试的时间表和技术问题。分析师Kristine Liwag写道：</li></ul>“<i>我们积极看待该公司正在投资提高其长期太空飞行能力。然而，这些投资需要时间——有时比预期的要长。”</i><b>华尔街模因</b></blockquote></p><p> SPCE behaved very much like a meme stock a few months ago: up sharply in late June, down sharply in early July, and so forth. Fundamentally, investing in SPCE poses many risks due to the complexity of the company’s ambitious project to commercialize space travel, especially as competition from well-capitalized rivals ramps up.</p><p><blockquote>几个月前，SPCE的表现非常像一只模因股票：6月底大幅上涨，7月初大幅下跌，等等。从根本上说，由于该公司雄心勃勃的太空旅行商业化项目的复杂性，投资SPCE会带来许多风险，尤其是在来自资本雄厚的竞争对手的竞争加剧的情况下。</blockquote></p><p> But, for long term investors, the recent news regarding the company’s flight delays should matter little. The stock can still “skyrocket” if next year’s launch timing is worked out and the company is able to execute beyond these short-term events.</p><p><blockquote>但是，对于长期投资者来说，最近有关该公司航班延误的消息应该无关紧要。如果明年的推出时间确定下来，并且公司能够在这些短期事件之后执行，该股仍然可以“飙升”。</blockquote></p><p> In any case, investors that choose to bet on SPCE in anticipation for outsized gains should expect turbulence (i.e. volatility) and be comfortable assuming risks that are well above market.</p><p><blockquote>无论如何，选择押注SPCE以预期获得巨大收益的投资者应该预料到动荡（即波动性），并乐于承担远高于市场的风险。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/memestocks/other-memes/spce-stock-experts-forecast-55-upside-ahead\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.thestreet.com/memestocks/other-memes/spce-stock-experts-forecast-55-upside-ahead","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194137945","content_text":"Although still skeptical, Wall Street analysts see considerable upside potential ahead for SPCE. Today, Wall Street Memes looks at the expert opinions on Virgin Galactic stock.\nVirgin Galactic, the former SPAC founded by Richard Branson, saw its share price peak in July driven by excitement over the company’s first flight into space. But the stock’s performance has been slowly fading since then.\nFigure 1: Virgin Galactic's first flight.\nSPCE dropped more than 50% in the past few months (see below). Recently, Virgin Galactic shares dug deeper into the hole after theannouncementof a launch delay for the company’s commercial space service, from Q3 to Q4 of next year.\nFigure 2: SPCE stock chart.\nWhile striking a skeptical tone on the heels of the recent news, Wall Street experts still see 55% upside potential ahead for SPCE. Today, Wall Street Memes looks more closely at SPCE’s bullish and bearish theses.\nNeutral, but with upside\nWall Street analysts seem skeptical towards Virgin Galactic stock. Based on the 10 most recent reports published, SPCE has a neutral consensus rating. But with an average price target of over $30, the same experts have been suggesting 55% upside potential from current levels.\nThe bull side:\n\nTruist Financial is the bull of bulls, with a buy rating and a $50 price target on the stock —a whopping 150% upside potential. Despiteacknowledgingthat space tourism race momentum has passed, he thinks that the long-term prospects look good. Analyst Michael Ciarmoli wrote:\n\n\n “\n In a worst case scenario, we believe SPCE could see signs of a market leading position erode with the stock drifting lower. [But the launch] delay appears to be immaterial to SPCE’s longer term intrinsic value.”\n\n\nCanaccord Genuity has a buy recommendation on the stock and a $48 price target, for 139% upside potential. The analyst is notconcernedthat Virgin Galactic’s schedule changes will affect the company’s long-term space plans. Analyst Austin Moeller has said:\n\n\n “\n We continue to view the enhancement period, which will raise VSS Unity’\n s flight readiness to every 4-5 weeks and VMS Eve’\n s endurance to ~100 flights, to be important to boosting customer launch cadence.”\n\nThe bear side:\n\nBank of America has recently lowered its share price target on SPCE from $25 to $20 while keeping a sell recommendation. Questionsaroundthe company’s next steps is the core of the thesis. Here is what analyst Ron Epstein had to say:\n\n\n “\n We are uncertain about the company’\n s ability to forecast such a future and unknown event after the recent failure to call the timing right on a relatively-known short-term event.”\n\n\nMorgan Stanley is another bear with a sell recommendation on SPCE, but with a $25 price target that still represents 25% gain potential. The analyst seemed concerned about schedule and technical issues on flight testing. Analyst Kristine Liwag wrote:\n\n\n “\n We view it positively that the company is investing in increasing its long-term space flight capacity. However, these investments take time – sometimes more than anticipated.”\n\nWall Street Memes take\nSPCE behaved very much like a meme stock a few months ago: up sharply in late June, down sharply in early July, and so forth. Fundamentally, investing in SPCE poses many risks due to the complexity of the company’s ambitious project to commercialize space travel, especially as competition from well-capitalized rivals ramps up.\nBut, for long term investors, the recent news regarding the company’s flight delays should matter little. The stock can still “skyrocket” if next year’s launch timing is worked out and the company is able to execute beyond these short-term events.\nIn any case, investors that choose to bet on SPCE in anticipation for outsized gains should expect turbulence (i.e. volatility) and be comfortable assuming risks that are well above market.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":4836,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853347106,"gmtCreate":1634776485912,"gmtModify":1634776486698,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"All that cash from Evergrande have to flow somewhere","listText":"All that cash from Evergrande have to flow somewhere","text":"All that cash from Evergrande have to flow somewhere","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/853347106","repostId":"1130085462","repostType":4,"isVote":1,"tweetType":1,"viewCount":3577,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":825219498,"gmtCreate":1634226804411,"gmtModify":1634226804618,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>btc ETF soon? Maybe moon?","listText":"<a href=\"https://laohu8.com/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>btc ETF soon? Maybe moon?","text":"$ARK Innovation ETF(ARKK)$btc ETF soon? Maybe moon?","images":[{"img":"https://static.tigerbbs.com/c06a6be13e4fc447c7c15c91c2b0ce5a","width":"1440","height":"2560"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/825219498","isVote":1,"tweetType":1,"viewCount":3552,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":820114590,"gmtCreate":1633358567958,"gmtModify":1633358586328,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Price is at a high now, of course sell. Cathy will buy back when price drops again. Ebb and flow of the market tides.","listText":"Price is at a high now, of course sell. Cathy will buy back when price drops again. Ebb and flow of the market tides.","text":"Price is at a high now, of course sell. Cathy will buy back when price drops again. Ebb and flow of the market tides.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/820114590","repostId":"2172962784","repostType":2,"isVote":1,"tweetType":1,"viewCount":3111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":864225076,"gmtCreate":1633112436822,"gmtModify":1633112437608,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"That's really good news in awhile for crypto. So much negativity in the past year towards crypto.","listText":"That's really good news in awhile for crypto. So much negativity in the past year towards crypto.","text":"That's really good news in awhile for crypto. So much negativity in the past year towards crypto.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/864225076","repostId":"2172968387","repostType":4,"isVote":1,"tweetType":1,"viewCount":4036,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865693714,"gmtCreate":1632972657403,"gmtModify":1632972658180,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Might be a safe place to park your money but don't expect exciting growth as it is a pretty matured stock.&nbsp;","listText":"Might be a safe place to park your money but don't expect exciting growth as it is a pretty matured stock.&nbsp;","text":"Might be a safe place to park your money but don't expect exciting growth as it is a pretty matured stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/865693714","repostId":"2171626987","repostType":4,"isVote":1,"tweetType":1,"viewCount":3841,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":888830457,"gmtCreate":1631484950579,"gmtModify":1631891164011,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Waiting for the civilian flight and price to shoot up for a bit!","listText":"Waiting for the civilian flight and price to shoot up for a bit!","text":"Waiting for the civilian flight and price to shoot up for a bit!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/888830457","repostId":"2166374973","repostType":2,"isVote":1,"tweetType":1,"viewCount":2208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883575675,"gmtCreate":1631260967997,"gmtModify":1631891164018,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Of course....thats the idea. Play on the volatility when the fundamentals are not strong. Nothing wrong, just depends on your game plan.","listText":"Of course....thats the idea. Play on the volatility when the fundamentals are not strong. Nothing wrong, just depends on your game plan.","text":"Of course....thats the idea. Play on the volatility when the fundamentals are not strong. Nothing wrong, just depends on your game plan.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/883575675","repostId":"1184086591","repostType":4,"isVote":1,"tweetType":1,"viewCount":2206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889825418,"gmtCreate":1631141877434,"gmtModify":1631883982010,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Just hold on. It dropped to 30k before and rose hack up. This is nothing.&nbsp;","listText":"Just hold on. It dropped to 30k before and rose hack up. This is nothing.&nbsp;","text":"Just hold on. It dropped to 30k before and rose hack up. This is nothing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/889825418","repostId":"1154837170","repostType":4,"repost":{"id":"1154837170","kind":"news","pubTimestamp":1631090918,"share":"https://www.laohu8.com/m/news/1154837170?lang=zh_CN&edition=full","pubTime":"2021-09-08 16:48","market":"us","language":"en","title":"Bitcoin Endured a Rocky Day. What's Behind the Selloff<blockquote>比特币经历了艰难的一天。抛售背后是什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154837170","media":"Barron's","summary":"It should have been a happy day for Bitcoin, but it’s turned into a rout.Bitcoin  was trading was around $47,000 on Tuesday afternoon, down 9% in the last 24 hours, after dipping down to $42,900 this morning. Bitcoin had been above $52,800 before the selloff.Other cryptos were also ailing, including Ethereum , down 12% to $3,460.The selloff may reflect profit-taking after prices started rising in late July. Bitcoin had gained more than 50% since late July when it traded around $34,000. Ethereum ","content":"<p>It should have been a happy day for Bitcoin, but it’s turned into a rout.</p><p><blockquote>对比特币来说，这应该是快乐的一天，但它变成了一场溃败。</blockquote></p><p> Bitcoin (ticker: BTC) was trading was around $47,000 on Tuesday afternoon, down 9% in the last 24 hours, after dipping down to $42,900 this morning. Bitcoin had been above $52,800 before the selloff.</p><p><blockquote>比特币（股票代码：BTC）周二下午的交易价格约为47,000美元，在今天上午跌至42,900美元后，过去24小时内下跌9%。在抛售之前，比特币股价已高于52,800美元。</blockquote></p><p> Other cryptos were also ailing, including Ethereum (ETH), down 12% to $3,460.</p><p><blockquote>其他加密货币也表现不佳，包括以太币(ETH)，下跌12%至3,460美元。</blockquote></p><p> The selloff may reflect profit-taking after prices started rising in late July. Bitcoin had gained more than 50% since late July when it traded around $34,000. Ethereum has also been flying, following a technical upgrade in its underlying blockchain network.</p><p><blockquote>抛售可能反映了7月下旬价格开始上涨后的获利了结。自7月底交易价格约为34,000美元以来，比特币已上涨超过50%。在对其底层区块链网络进行技术升级后，以太币也一直在飞行。</blockquote></p><p> The down day may also reflect a “sell the news” dynamic after El Salvador became the first country to adopt Bitcoin as legal tender, alongside the dollar– the country’s other official currency.</p><p><blockquote>下跌的一天也可能反映了萨尔瓦多成为第一个采用比特币作为法定货币以及该国另一种官方货币美元的国家后的“抛售新闻”动态。</blockquote></p><p> Merchants in El Salvador are now supposed to accept Bitcoin for goods and services. Citizens have been promised $30 worth of Bitcoin in their digital wallets by the government. McDonald’s has started accepting Bitcoin in El Salvador, according to Reuters. And the government of president Nayib Bukele has been buying Bitcoin, including at least $20 million worth, ahead of the official launch.</p><p><blockquote>萨尔瓦多的商人现在应该接受商品和服务的比特币。政府向公民承诺在他们的数字钱包中提供价值30美元的比特币。据路透社报道，麦当劳已经开始在萨尔瓦多接受比特币。在正式启动之前，纳伊布·布克莱总统的政府一直在购买比特币，其中包括价值至少2000万美元的资金。</blockquote></p><p> But El Salvador’s crypto experiment isn’t sitting well with organizations like the International Monetary Fund and World Bank, which have warned El Salvador that its adoption as legal tender could imperil financial stability. Other countries are cracking down on crypto transactions, mining, and exchanges, indicating that El Salvador may be an outlier for now.</p><p><blockquote>但萨尔瓦多的加密货币实验并没有得到国际货币基金组织和世界银行等组织的认可，这些组织警告萨尔瓦多，将其作为法定货币可能会危及金融稳定。其他国家正在打击加密货币交易、采矿和交易所，这表明萨尔瓦多目前可能是一个例外。</blockquote></p><p> Crypto watchers are also blaming technical factors for the market downturn. Assuming prices don’t suddenly surge, Bitcoin is now in for “outside-down” day, says Katie Stockton, founder and managing partner of Fairlead Strategies, a crypto-trading research firm. The means Bitcoin is trading in a wider range and headed for a lower close than yesterday (assuming a 5 p.m. cutoff, though it trades 24 hours).</p><p><blockquote>加密货币观察人士也将市场低迷归咎于技术因素。加密货币交易研究公司Fairlead Strategies的创始人兼管理合伙人Katie Stockton表示，假设价格不会突然飙升，比特币现在将迎来“外部下跌”的一天。这意味着比特币的交易范围更广，收盘价将低于昨天（假设下午5点截止，尽管它24小时交易）。</blockquote></p><p> “The implications are for additional consolidation,” she says. So far, the selloff looks like a minor setback, she adds, since Bitcoin hasn’t breached its 50-day moving average around $44,000, which is its next support level.</p><p><blockquote>“这意味着进一步整合，”她说。她补充道，到目前为止，抛售看起来像是一个小挫折，因为比特币尚未突破44,000美元左右的50日移动平均线，这是下一个支撑位。</blockquote></p><p> “A breach of $44,000 isn’t a breakdown,” she says. “It’s a test of the 50-day moving average. “There is strong support for Bitcoin and most crytpos pretty close to their current lows.”</p><p><blockquote>“违反44,000美元并不是崩溃，”她说。“这是对50日移动平均线的测试。“比特币和大多数加密货币都非常接近当前低点，”</blockquote></p><p> Other factors that may have contributed to the selloff include reports of outages and “unscheduled maintenance” at Bitfinix, a leading crypto exchange. Coinbase Global (ticker: COIN) also experienced a spike in outages around noon, according to Downdetector.</p><p><blockquote>其他可能导致抛售的因素包括领先的加密货币交易所Bitfinix的停电和“计划外维护”报告。据Downdetector称，Coinbase Global（股票代码：COIN）中午左右也经历了停电高峰。</blockquote></p><p> Even if prices stabilize from here, it’s a reminder that Bitcoin and other cryptos remain vulnerable to rapid-fire declines. While you may be able to buy a Big Mac with a sliver of Bitcoin in San Salvador, you may be better off keeping it in your digital wallet–or not–depending on the time of day.</p><p><blockquote>即使价格从这里稳定下来，这也提醒人们比特币和其他加密货币仍然容易受到快速下跌的影响。虽然你可以在圣萨尔瓦多买到一个巨无霸和一片比特币，但你最好把它放在你的数字钱包里——或者不放在——这取决于一天中的不同时间。</blockquote></p><p></p>","source":"lsy1610680873436","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>Bitcoin Endured a Rocky Day. What's Behind the Selloff<blockquote>比特币经历了艰难的一天。抛售背后是什么</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\">\nBitcoin Endured a Rocky Day. What's Behind the Selloff<blockquote>比特币经历了艰难的一天。抛售背后是什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-09-08 16:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It should have been a happy day for Bitcoin, but it’s turned into a rout.</p><p><blockquote>对比特币来说，这应该是快乐的一天，但它变成了一场溃败。</blockquote></p><p> Bitcoin (ticker: BTC) was trading was around $47,000 on Tuesday afternoon, down 9% in the last 24 hours, after dipping down to $42,900 this morning. Bitcoin had been above $52,800 before the selloff.</p><p><blockquote>比特币（股票代码：BTC）周二下午的交易价格约为47,000美元，在今天上午跌至42,900美元后，过去24小时内下跌9%。在抛售之前，比特币股价已高于52,800美元。</blockquote></p><p> Other cryptos were also ailing, including Ethereum (ETH), down 12% to $3,460.</p><p><blockquote>其他加密货币也表现不佳，包括以太币(ETH)，下跌12%至3,460美元。</blockquote></p><p> The selloff may reflect profit-taking after prices started rising in late July. Bitcoin had gained more than 50% since late July when it traded around $34,000. Ethereum has also been flying, following a technical upgrade in its underlying blockchain network.</p><p><blockquote>抛售可能反映了7月下旬价格开始上涨后的获利了结。自7月底交易价格约为34,000美元以来，比特币已上涨超过50%。在对其底层区块链网络进行技术升级后，以太币也一直在飞行。</blockquote></p><p> The down day may also reflect a “sell the news” dynamic after El Salvador became the first country to adopt Bitcoin as legal tender, alongside the dollar– the country’s other official currency.</p><p><blockquote>下跌的一天也可能反映了萨尔瓦多成为第一个采用比特币作为法定货币以及该国另一种官方货币美元的国家后的“抛售新闻”动态。</blockquote></p><p> Merchants in El Salvador are now supposed to accept Bitcoin for goods and services. Citizens have been promised $30 worth of Bitcoin in their digital wallets by the government. McDonald’s has started accepting Bitcoin in El Salvador, according to Reuters. And the government of president Nayib Bukele has been buying Bitcoin, including at least $20 million worth, ahead of the official launch.</p><p><blockquote>萨尔瓦多的商人现在应该接受商品和服务的比特币。政府向公民承诺在他们的数字钱包中提供价值30美元的比特币。据路透社报道，麦当劳已经开始在萨尔瓦多接受比特币。在正式启动之前，纳伊布·布克莱总统的政府一直在购买比特币，其中包括价值至少2000万美元的资金。</blockquote></p><p> But El Salvador’s crypto experiment isn’t sitting well with organizations like the International Monetary Fund and World Bank, which have warned El Salvador that its adoption as legal tender could imperil financial stability. Other countries are cracking down on crypto transactions, mining, and exchanges, indicating that El Salvador may be an outlier for now.</p><p><blockquote>但萨尔瓦多的加密货币实验并没有得到国际货币基金组织和世界银行等组织的认可，这些组织警告萨尔瓦多，将其作为法定货币可能会危及金融稳定。其他国家正在打击加密货币交易、采矿和交易所，这表明萨尔瓦多目前可能是一个例外。</blockquote></p><p> Crypto watchers are also blaming technical factors for the market downturn. Assuming prices don’t suddenly surge, Bitcoin is now in for “outside-down” day, says Katie Stockton, founder and managing partner of Fairlead Strategies, a crypto-trading research firm. The means Bitcoin is trading in a wider range and headed for a lower close than yesterday (assuming a 5 p.m. cutoff, though it trades 24 hours).</p><p><blockquote>加密货币观察人士也将市场低迷归咎于技术因素。加密货币交易研究公司Fairlead Strategies的创始人兼管理合伙人Katie Stockton表示，假设价格不会突然飙升，比特币现在将迎来“外部下跌”的一天。这意味着比特币的交易范围更广，收盘价将低于昨天（假设下午5点截止，尽管它24小时交易）。</blockquote></p><p> “The implications are for additional consolidation,” she says. So far, the selloff looks like a minor setback, she adds, since Bitcoin hasn’t breached its 50-day moving average around $44,000, which is its next support level.</p><p><blockquote>“这意味着进一步整合，”她说。她补充道，到目前为止，抛售看起来像是一个小挫折，因为比特币尚未突破44,000美元左右的50日移动平均线，这是下一个支撑位。</blockquote></p><p> “A breach of $44,000 isn’t a breakdown,” she says. “It’s a test of the 50-day moving average. “There is strong support for Bitcoin and most crytpos pretty close to their current lows.”</p><p><blockquote>“违反44,000美元并不是崩溃，”她说。“这是对50日移动平均线的测试。“比特币和大多数加密货币都非常接近当前低点，”</blockquote></p><p> Other factors that may have contributed to the selloff include reports of outages and “unscheduled maintenance” at Bitfinix, a leading crypto exchange. Coinbase Global (ticker: COIN) also experienced a spike in outages around noon, according to Downdetector.</p><p><blockquote>其他可能导致抛售的因素包括领先的加密货币交易所Bitfinix的停电和“计划外维护”报告。据Downdetector称，Coinbase Global（股票代码：COIN）中午左右也经历了停电高峰。</blockquote></p><p> Even if prices stabilize from here, it’s a reminder that Bitcoin and other cryptos remain vulnerable to rapid-fire declines. While you may be able to buy a Big Mac with a sliver of Bitcoin in San Salvador, you may be better off keeping it in your digital wallet–or not–depending on the time of day.</p><p><blockquote>即使价格从这里稳定下来，这也提醒人们比特币和其他加密货币仍然容易受到快速下跌的影响。虽然你可以在圣萨尔瓦多买到一个巨无霸和一片比特币，但你最好把它放在你的数字钱包里——或者不放在——这取决于一天中的不同时间。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/bitcoin-crypto-prices-drop-today-51631048243?mod=hp_LEAD_1\">Barron's</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":{"COIN":"Coinbase Global, Inc.","GBTC":"比特币ETF-Grayscale"},"source_url":"https://www.barrons.com/articles/bitcoin-crypto-prices-drop-today-51631048243?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154837170","content_text":"It should have been a happy day for Bitcoin, but it’s turned into a rout.\nBitcoin (ticker: BTC) was trading was around $47,000 on Tuesday afternoon, down 9% in the last 24 hours, after dipping down to $42,900 this morning. Bitcoin had been above $52,800 before the selloff.\nOther cryptos were also ailing, including Ethereum (ETH), down 12% to $3,460.\nThe selloff may reflect profit-taking after prices started rising in late July. Bitcoin had gained more than 50% since late July when it traded around $34,000. Ethereum has also been flying, following a technical upgrade in its underlying blockchain network.\nThe down day may also reflect a “sell the news” dynamic after El Salvador became the first country to adopt Bitcoin as legal tender, alongside the dollar– the country’s other official currency.\nMerchants in El Salvador are now supposed to accept Bitcoin for goods and services. Citizens have been promised $30 worth of Bitcoin in their digital wallets by the government. McDonald’s has started accepting Bitcoin in El Salvador, according to Reuters. And the government of president Nayib Bukele has been buying Bitcoin, including at least $20 million worth, ahead of the official launch.\nBut El Salvador’s crypto experiment isn’t sitting well with organizations like the International Monetary Fund and World Bank, which have warned El Salvador that its adoption as legal tender could imperil financial stability. Other countries are cracking down on crypto transactions, mining, and exchanges, indicating that El Salvador may be an outlier for now.\nCrypto watchers are also blaming technical factors for the market downturn. Assuming prices don’t suddenly surge, Bitcoin is now in for “outside-down” day, says Katie Stockton, founder and managing partner of Fairlead Strategies, a crypto-trading research firm. The means Bitcoin is trading in a wider range and headed for a lower close than yesterday (assuming a 5 p.m. cutoff, though it trades 24 hours).\n“The implications are for additional consolidation,” she says. So far, the selloff looks like a minor setback, she adds, since Bitcoin hasn’t breached its 50-day moving average around $44,000, which is its next support level.\n“A breach of $44,000 isn’t a breakdown,” she says. “It’s a test of the 50-day moving average. “There is strong support for Bitcoin and most crytpos pretty close to their current lows.”\nOther factors that may have contributed to the selloff include reports of outages and “unscheduled maintenance” at Bitfinix, a leading crypto exchange. Coinbase Global (ticker: COIN) also experienced a spike in outages around noon, according to Downdetector.\nEven if prices stabilize from here, it’s a reminder that Bitcoin and other cryptos remain vulnerable to rapid-fire declines. While you may be able to buy a Big Mac with a sliver of Bitcoin in San Salvador, you may be better off keeping it in your digital wallet–or not–depending on the time of day.","news_type":1,"symbols_score_info":{"COIN":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":2420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818488067,"gmtCreate":1630426315459,"gmtModify":1631891164020,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Wow what an amazing squeeze! Was $6 last month! Crazy crazy climb!","listText":"Wow what an amazing squeeze! Was $6 last month! Crazy crazy climb!","text":"Wow what an amazing squeeze! Was $6 last month! Crazy crazy climb!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818488067","repostId":"2163183878","repostType":2,"repost":{"id":"2163183878","kind":"highlight","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1630392924,"share":"https://www.laohu8.com/m/news/2163183878?lang=zh_CN&edition=full","pubTime":"2021-08-31 14:55","market":"us","language":"en","title":"This Meme Stock Just Raced Past GameStop As The New Money Machine<blockquote>这只模因股票刚刚超越游戏驿站成为新的赚钱机器</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2163183878","media":"Investors","summary":"Still think GameStop is the moneymaking Meme-stock to own? That's so January. The crowd has moved on to a new darling outside the S&P 500.","content":"<p>Still think <b>GameStop</b> is the moneymaking Meme-stock to own? That's so January; the crowd has moved on.</p><p><blockquote>还在想<b>游戏驿站</b>值得拥有赚钱的模因股票吗？那是一月。人群已经离开了。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/SPRT\">Support.com</a></b> erupted out of nowhere this month and is suddenly stealing the Reddit-crowd's affection. And for good reason: It's fast pushing GameStop aside. Shares of Support.com are up 1,583% just this year. That puts it ahead of the still-impressive 1,041% year-to-date rise of GameStop.</p><p><blockquote><b><a href=\"https://laohu8.com/S/SPRT\">Support.com</a></b>本月不知从哪里冒出来，突然偷走了Reddit人群的喜爱。理由很充分：它正在迅速将游戏驿站推到一边。仅今年一年，Support.com的股价就上涨了1,583%。这使其领先于游戏驿站今年迄今仍令人印象深刻的1,041%的涨幅。</blockquote></p><p> Just Monday, SPRT stock is up 9.78, or nearly 40%, to 36.10. Shares are up more than 200%, just in the past month.</p><p><blockquote>就在周一，SPRT股价上涨9.78点，即近40%，至36.10点。仅在过去一个月内，股价就上涨了200%以上。</blockquote></p><p> And now, Support.com is the No. 2 top stock among all the stocks in S&amp;P 1500 and S&amp;P Completion indexes this year. And it's making a run at the No. 1 spot still hung onto by <b>AMC Entertainment</b> with its 2,017% gain this year.</p><p><blockquote>现在，Support.com是今年标准普尔1500指数和标准普尔完成指数所有股票中排名第二的股票。它正在争夺仍然保持的第一名<b>AMC院线</b>今年涨幅为2,017%。</blockquote></p><p> And that difference is adding up to real money. Had you plunked down $10,000 on Support.com in January, it would now be worth $168,319. That's already nearly 50% more than you would have made in that time on GameStop. And it's only 25% shy of the $211,698 you'd have if you owned AMC Entertainment.</p><p><blockquote>这种差异加起来就是真金白银。如果您一月份在Support.com上投入10,000美元，那么现在它的价值将达到168,319美元。这已经比你当时在游戏驿站上赚的钱多了近50%。它仅比您拥有AMC院线的211,698美元低25%。</blockquote></p><p> <h2>Support.com Comes Out Of Nowhere</h2> What is Support.com? It's a tiny $638 million in market value company that provides tech support for employees who work from home. Yes, they're the people who tell you to reboot your computer when your email isn't working.</p><p><blockquote><h2>Support.com不知从何而来</h2>什么是Support.com？这是一家市值6.38亿美元的小公司，为在家工作的员工提供技术支持。是的，当你的电子邮件不工作时，他们会告诉你重启电脑。</blockquote></p><p> And this is certainly not a company on Wall Street's radar. There are no current analysts following the stock, says S&amp;P Global Market Intelligence. That means there are no valid earnings or revenue estimates, much less a price target.</p><p><blockquote>这当然不是华尔街关注的公司。标准普尔全球市场情报表示，目前没有分析师关注该股。这意味着没有有效的盈利或收入估计，更不用说价格目标了。</blockquote></p><p> The company reported having total assets of $46 million and liabilities of $5.7 million at the end of the last quarter in June. And during the period, it reported a net loss of $799,000 on revenue of nearly $8 million. Keep in mind, it made $617,000 in the same year-ago period on 33% higher revenue.</p><p><blockquote>该公司报告称，截至6月份最后一个季度末，总资产为4600万美元，负债为570万美元。在此期间，该公司报告净亏损799,000美元，收入近800万美元。请记住，去年同期该公司的收入增长了33%，收入为617,000美元。</blockquote></p><p> The company is due to report its next quarterly results on Nov. 12. It's not in any major market indices, such as the S&amp;P Small Cap 600, much less the S&amp;P 500.</p><p><blockquote>该公司将于11月12日公布下一季度业绩。它不在任何主要市场指数中，例如标准普尔小型股600指数，更不用说标普500了。</blockquote></p><p> <h2>What's The Draw Of Support.com?</h2> Investors are looking to Support.com as the latest opportunity to rush into a stock with heavy short interest and run it up.</p><p><blockquote><h2>Support.com有什么吸引力？</h2>投资者将Support.com视为买入空头兴趣浓厚的股票并将其上涨的最新机会。</blockquote></p><p> More than 25% of Support.com's shares outstanding are still in the hands of short-sellers. That's much higher than the 18% of AMC Entertainment shares being shorted and just 10% of GameStop.</p><p><blockquote>Support.com超过25%的已发行股票仍掌握在卖空者手中。这远高于AMC院线18%的股票被做空，游戏驿站仅10%的股票被做空。</blockquote></p><p> When a stock is heavily shorted like Support.com, bearish investors borrow the stock and sell the shares. But if the stock rises, these shorts are forced to buy the shares back. If they don't, they face unlimited losses. The scramble by nervous shorts to buy the stock can cause an explosive rally.</p><p><blockquote>当像Support.com这样的股票被严重做空时，看跌投资者会借入该股票并出售该股票。但如果股票上涨，这些空头就会被迫回购股票。如果不这样做，他们将面临无限的损失。紧张的空头争相购买该股可能会导致爆炸性反弹。</blockquote></p><p> Savvy investors know to look for growth companies with solid fundamentals and stock action. That is not Support.com. But investors are enjoying the ride for now.</p><p><blockquote>精明的投资者知道要寻找基本面和股票走势稳健的成长型公司。那不是Support.com。但投资者目前正在享受这一过程。</blockquote></p><p> <h2>Which Stocks Turned $10,000 Into The Biggest Gains?</h2> <i>S&amp;P 1500 and Completion Index stocks up the most this year so far</i></p><p><blockquote><h2>哪些股票将10,000美元转化为最大收益？</h2><i>标准普尔1500指数和竣工指数股票今年迄今为止涨幅最大</i></blockquote></p><p> <table>  <thead>   <tr>    <th>Company</th>    <th>Symbol</th>    <th>Stock YTD % ch.</th>    <th>What $10,000 invested this year is worth now</th>   </tr>  </thead>  <tbody>   <tr>    <td><b>AMC Entertainment</b></td>    <td></td>    <td><b>2,019.3%</b></td>    <td><b>$211,934</b></td>   </tr>   <tr>    <td>Support.com</td>    <td></td>    <td>1,560.5%</td>    <td>$166,045</td>   </tr>   <tr>    <td>GameStop</td>    <td></td>    <td>1,039.4%</td>    <td>$113,941</td>   </tr>   <tr>    <td>Vertex Energy</td>    <td></td>    <td>924.9%</td>    <td>$102,487</td>   </tr>   <tr>    <td>Cassava Sciences</td>    <td></td>    <td>666.1%</td>    <td>$76,613</td>   </tr>  </tbody> </table> <h5>Sources: IBD, S&amp;P Global Market Intelligence</h5></p><p><blockquote><table><thead><tr><th>公司</th><th>象征</th><th>股票年初至今%ch。</th><th>今年投资的10,000美元现在值多少钱</th></tr></thead><tbody><tr><td><b>AMC院线</b></td><td></td><td><b>2,019.3%</b></td><td><b>$211,934</b></td></tr><tr><td>Support.com</td><td></td><td>1,560.5%</td><td>$166,045</td></tr><tr><td>游戏驿站</td><td></td><td>1,039.4%</td><td>$113,941</td></tr><tr><td>顶点能量</td><td></td><td>924.9%</td><td>$102,487</td></tr><tr><td>木薯科学</td><td></td><td>666.1%</td><td>$76,613</td></tr></tbody></table><h5>资料来源：IBD、标准普尔全球市场情报</h5></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>This Meme Stock Just Raced Past GameStop As The New Money Machine<blockquote>这只模因股票刚刚超越游戏驿站成为新的赚钱机器</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Meme Stock Just Raced Past GameStop As The New Money Machine<blockquote>这只模因股票刚刚超越游戏驿站成为新的赚钱机器</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/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time smaller\">2021-08-31 14:55</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Still think <b>GameStop</b> is the moneymaking Meme-stock to own? That's so January; the crowd has moved on.</p><p><blockquote>还在想<b>游戏驿站</b>值得拥有赚钱的模因股票吗？那是一月。人群已经离开了。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/SPRT\">Support.com</a></b> erupted out of nowhere this month and is suddenly stealing the Reddit-crowd's affection. And for good reason: It's fast pushing GameStop aside. Shares of Support.com are up 1,583% just this year. That puts it ahead of the still-impressive 1,041% year-to-date rise of GameStop.</p><p><blockquote><b><a href=\"https://laohu8.com/S/SPRT\">Support.com</a></b>本月不知从哪里冒出来，突然偷走了Reddit人群的喜爱。理由很充分：它正在迅速将游戏驿站推到一边。仅今年一年，Support.com的股价就上涨了1,583%。这使其领先于游戏驿站今年迄今仍令人印象深刻的1,041%的涨幅。</blockquote></p><p> Just Monday, SPRT stock is up 9.78, or nearly 40%, to 36.10. Shares are up more than 200%, just in the past month.</p><p><blockquote>就在周一，SPRT股价上涨9.78点，即近40%，至36.10点。仅在过去一个月内，股价就上涨了200%以上。</blockquote></p><p> And now, Support.com is the No. 2 top stock among all the stocks in S&amp;P 1500 and S&amp;P Completion indexes this year. And it's making a run at the No. 1 spot still hung onto by <b>AMC Entertainment</b> with its 2,017% gain this year.</p><p><blockquote>现在，Support.com是今年标准普尔1500指数和标准普尔完成指数所有股票中排名第二的股票。它正在争夺仍然保持的第一名<b>AMC院线</b>今年涨幅为2,017%。</blockquote></p><p> And that difference is adding up to real money. Had you plunked down $10,000 on Support.com in January, it would now be worth $168,319. That's already nearly 50% more than you would have made in that time on GameStop. And it's only 25% shy of the $211,698 you'd have if you owned AMC Entertainment.</p><p><blockquote>这种差异加起来就是真金白银。如果您一月份在Support.com上投入10,000美元，那么现在它的价值将达到168,319美元。这已经比你当时在游戏驿站上赚的钱多了近50%。它仅比您拥有AMC院线的211,698美元低25%。</blockquote></p><p> <h2>Support.com Comes Out Of Nowhere</h2> What is Support.com? It's a tiny $638 million in market value company that provides tech support for employees who work from home. Yes, they're the people who tell you to reboot your computer when your email isn't working.</p><p><blockquote><h2>Support.com不知从何而来</h2>什么是Support.com？这是一家市值6.38亿美元的小公司，为在家工作的员工提供技术支持。是的，当你的电子邮件不工作时，他们会告诉你重启电脑。</blockquote></p><p> And this is certainly not a company on Wall Street's radar. There are no current analysts following the stock, says S&amp;P Global Market Intelligence. That means there are no valid earnings or revenue estimates, much less a price target.</p><p><blockquote>这当然不是华尔街关注的公司。标准普尔全球市场情报表示，目前没有分析师关注该股。这意味着没有有效的盈利或收入估计，更不用说价格目标了。</blockquote></p><p> The company reported having total assets of $46 million and liabilities of $5.7 million at the end of the last quarter in June. And during the period, it reported a net loss of $799,000 on revenue of nearly $8 million. Keep in mind, it made $617,000 in the same year-ago period on 33% higher revenue.</p><p><blockquote>该公司报告称，截至6月份最后一个季度末，总资产为4600万美元，负债为570万美元。在此期间，该公司报告净亏损799,000美元，收入近800万美元。请记住，去年同期该公司的收入增长了33%，收入为617,000美元。</blockquote></p><p> The company is due to report its next quarterly results on Nov. 12. It's not in any major market indices, such as the S&amp;P Small Cap 600, much less the S&amp;P 500.</p><p><blockquote>该公司将于11月12日公布下一季度业绩。它不在任何主要市场指数中，例如标准普尔小型股600指数，更不用说标普500了。</blockquote></p><p> <h2>What's The Draw Of Support.com?</h2> Investors are looking to Support.com as the latest opportunity to rush into a stock with heavy short interest and run it up.</p><p><blockquote><h2>Support.com有什么吸引力？</h2>投资者将Support.com视为买入空头兴趣浓厚的股票并将其上涨的最新机会。</blockquote></p><p> More than 25% of Support.com's shares outstanding are still in the hands of short-sellers. That's much higher than the 18% of AMC Entertainment shares being shorted and just 10% of GameStop.</p><p><blockquote>Support.com超过25%的已发行股票仍掌握在卖空者手中。这远高于AMC院线18%的股票被做空，游戏驿站仅10%的股票被做空。</blockquote></p><p> When a stock is heavily shorted like Support.com, bearish investors borrow the stock and sell the shares. But if the stock rises, these shorts are forced to buy the shares back. If they don't, they face unlimited losses. The scramble by nervous shorts to buy the stock can cause an explosive rally.</p><p><blockquote>当像Support.com这样的股票被严重做空时，看跌投资者会借入该股票并出售该股票。但如果股票上涨，这些空头就会被迫回购股票。如果不这样做，他们将面临无限的损失。紧张的空头争相购买该股可能会导致爆炸性反弹。</blockquote></p><p> Savvy investors know to look for growth companies with solid fundamentals and stock action. That is not Support.com. But investors are enjoying the ride for now.</p><p><blockquote>精明的投资者知道要寻找基本面和股票走势稳健的成长型公司。那不是Support.com。但投资者目前正在享受这一过程。</blockquote></p><p> <h2>Which Stocks Turned $10,000 Into The Biggest Gains?</h2> <i>S&amp;P 1500 and Completion Index stocks up the most this year so far</i></p><p><blockquote><h2>哪些股票将10,000美元转化为最大收益？</h2><i>标准普尔1500指数和竣工指数股票今年迄今为止涨幅最大</i></blockquote></p><p> <table>  <thead>   <tr>    <th>Company</th>    <th>Symbol</th>    <th>Stock YTD % ch.</th>    <th>What $10,000 invested this year is worth now</th>   </tr>  </thead>  <tbody>   <tr>    <td><b>AMC Entertainment</b></td>    <td></td>    <td><b>2,019.3%</b></td>    <td><b>$211,934</b></td>   </tr>   <tr>    <td>Support.com</td>    <td></td>    <td>1,560.5%</td>    <td>$166,045</td>   </tr>   <tr>    <td>GameStop</td>    <td></td>    <td>1,039.4%</td>    <td>$113,941</td>   </tr>   <tr>    <td>Vertex Energy</td>    <td></td>    <td>924.9%</td>    <td>$102,487</td>   </tr>   <tr>    <td>Cassava Sciences</td>    <td></td>    <td>666.1%</td>    <td>$76,613</td>   </tr>  </tbody> </table> <h5>Sources: IBD, S&amp;P Global Market Intelligence</h5></p><p><blockquote><table><thead><tr><th>公司</th><th>象征</th><th>股票年初至今%ch。</th><th>今年投资的10,000美元现在值多少钱</th></tr></thead><tbody><tr><td><b>AMC院线</b></td><td></td><td><b>2,019.3%</b></td><td><b>$211,934</b></td></tr><tr><td>Support.com</td><td></td><td>1,560.5%</td><td>$166,045</td></tr><tr><td>游戏驿站</td><td></td><td>1,039.4%</td><td>$113,941</td></tr><tr><td>顶点能量</td><td></td><td>924.9%</td><td>$102,487</td></tr><tr><td>木薯科学</td><td></td><td>666.1%</td><td>$76,613</td></tr></tbody></table><h5>资料来源：IBD、标准普尔全球市场情报</h5></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NGD":"New Gold","SPRT":"Support.com","GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2163183878","content_text":"Still think GameStop is the moneymaking Meme-stock to own? That's so January; the crowd has moved on.\nSupport.com erupted out of nowhere this month and is suddenly stealing the Reddit-crowd's affection. And for good reason: It's fast pushing GameStop aside. Shares of Support.com are up 1,583% just this year. That puts it ahead of the still-impressive 1,041% year-to-date rise of GameStop.\nJust Monday, SPRT stock is up 9.78, or nearly 40%, to 36.10. Shares are up more than 200%, just in the past month.\nAnd now, Support.com is the No. 2 top stock among all the stocks in S&P 1500 and S&P Completion indexes this year. And it's making a run at the No. 1 spot still hung onto by AMC Entertainment with its 2,017% gain this year.\nAnd that difference is adding up to real money. Had you plunked down $10,000 on Support.com in January, it would now be worth $168,319. That's already nearly 50% more than you would have made in that time on GameStop. And it's only 25% shy of the $211,698 you'd have if you owned AMC Entertainment.\nSupport.com Comes Out Of Nowhere\nWhat is Support.com? It's a tiny $638 million in market value company that provides tech support for employees who work from home. Yes, they're the people who tell you to reboot your computer when your email isn't working.\nAnd this is certainly not a company on Wall Street's radar. There are no current analysts following the stock, says S&P Global Market Intelligence. That means there are no valid earnings or revenue estimates, much less a price target.\nThe company reported having total assets of $46 million and liabilities of $5.7 million at the end of the last quarter in June. And during the period, it reported a net loss of $799,000 on revenue of nearly $8 million. Keep in mind, it made $617,000 in the same year-ago period on 33% higher revenue.\nThe company is due to report its next quarterly results on Nov. 12. It's not in any major market indices, such as the S&P Small Cap 600, much less the S&P 500.\nWhat's The Draw Of Support.com?\nInvestors are looking to Support.com as the latest opportunity to rush into a stock with heavy short interest and run it up.\nMore than 25% of Support.com's shares outstanding are still in the hands of short-sellers. That's much higher than the 18% of AMC Entertainment shares being shorted and just 10% of GameStop.\nWhen a stock is heavily shorted like Support.com, bearish investors borrow the stock and sell the shares. But if the stock rises, these shorts are forced to buy the shares back. If they don't, they face unlimited losses. The scramble by nervous shorts to buy the stock can cause an explosive rally.\nSavvy investors know to look for growth companies with solid fundamentals and stock action. That is not Support.com. But investors are enjoying the ride for now.\nWhich Stocks Turned $10,000 Into The Biggest Gains?\nS&P 1500 and Completion Index stocks up the most this year so far\n\n\n\nCompany\nSymbol\nStock YTD % ch.\nWhat $10,000 invested this year is worth now\n\n\n\n\nAMC Entertainment\n\n2,019.3%\n$211,934\n\n\nSupport.com\n\n1,560.5%\n$166,045\n\n\nGameStop\n\n1,039.4%\n$113,941\n\n\nVertex Energy\n\n924.9%\n$102,487\n\n\nCassava Sciences\n\n666.1%\n$76,613\n\n\n\nSources: IBD, S&P Global Market Intelligence","news_type":1,"symbols_score_info":{"JE":0.9,"SPRT":0.9,"NGD":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":840,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837164476,"gmtCreate":1629865853495,"gmtModify":1631891164027,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"To the moon! It's been forever since $GME went above 200.","listText":"To the moon! It's been forever since $GME went above 200.","text":"To the moon! It's been forever since $GME went above 200.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/837164476","repostId":"1113354509","repostType":4,"isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838485413,"gmtCreate":1629424148932,"gmtModify":1631883827726,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"She's always saying things but the market goes on. Do your own research on what other experts say and make your decisions. Not just based on what ONE person said.","listText":"She's always saying things but the market goes on. Do your own research on what other experts say and make your decisions. Not just based on what ONE person said.","text":"She's always saying things but the market goes on. Do your own research on what other experts say and make your decisions. Not just based on what ONE person said.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/838485413","repostId":"2160848793","repostType":4,"repost":{"id":"2160848793","kind":"highlight","pubTimestamp":1629420499,"share":"https://www.laohu8.com/m/news/2160848793?lang=zh_CN&edition=full","pubTime":"2021-08-20 08:48","market":"us","language":"en","title":"Ark's Cathie Wood says stock market 'couldn't be further away from a bubble.' Here's why.<blockquote>Ark的凯西·伍德(Cathie Wood)表示，股市“离泡沫再远不过了”。原因如下。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2160848793","media":"MarketWatch","summary":"Wood says she's emboldened by bad news\nCathie Wood, chief executive officer and chief investment off","content":"<p>Wood says she's emboldened by bad news</p><p><blockquote>伍德说她被坏消息鼓舞了</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b1e646cb0a6ddf4ac942ed5c913a4e4\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management</span></p><p><blockquote><p class=\"t-img-caption\"><span>Cathie Wood，方舟投资管理公司首席执行官兼首席投资官</span></p></blockquote></p><p> There'a growing sense of unease emanating from equity markets in recent trade, despite, and perhaps because, of the Dow Jones Industrial Average and the S&amp;P 500 index trading near record heights.</p><p><blockquote>尽管道琼斯工业平均指数（Dow Jones Industrial Average）和标普500指数（Bank of America Index）接近历史新高，但在最近的交易中，人们越来越感到不安。</blockquote></p><p> However, star investor Cathie Wood, who runs a suite of popular ETFs in Ark Investment Management, says that there's no reason to fear that the market is becoming too bubblicious.</p><p><blockquote>然而，在Ark Investment Management经营一系列受欢迎的ETF的明星投资者凯西·伍德(Cathie Wood)表示，没有理由担心市场变得过于泡沫。</blockquote></p><p> As the Ark founder puts it: \"I don't think we're in a bubble which is what I think many bears think we are,\" during a Thursday interview with CNBC near midday .</p><p><blockquote>正如方舟创始人在周四中午接受CNBC采访时所说：“我不认为我们处于泡沫之中，我认为许多空头认为我们处于泡沫之中。”</blockquote></p><p> Her comments coming amid intensifying worries about a possible slowdown in economic growth as the delta variant of COVID-19 gathers momentum, creating headwinds for a fuller recovery from the pandemic that has gripped the globe for well over a year.</p><p><blockquote>她发表此番言论之际，人们越来越担心随着COVID-19德尔塔变异毒株势头增强，经济增长可能放缓，这给从席卷全球一年多的大流行中全面复苏带来了阻力。</blockquote></p><p> Investors also have been wringing their hands over the prospects of the Federal Reserve scaling back easy-money policies, notably the monthly purchases of $120 billion in Treasurys and mortage-backed securities, as anxieties grow.</p><p><blockquote>随着焦虑情绪的加剧，投资者也一直在担心美联储缩减宽松货币政策的前景，特别是每月购买1200亿美元的美国国债和抵押贷款支持证券。</blockquote></p><p> Wood's investment funds, highlighted by the flagship Ark Innovation, have been <a href=\"https://laohu8.com/S/AONE.U\">one</a> area that has been cited as possibly overvalued and vulnerable to a dramatic swing lower if the market starts to deflate considerably from its current levels.</p><p><blockquote>伍德的投资基金，以旗舰Ark Innovation为重点，已<a href=\"https://laohu8.com/S/AONE.U\">一</a>该区域被认为可能被高估，如果市场开始从当前水平大幅萎缩，则容易大幅走低。</blockquote></p><p> Ark Innovation ETF is down 5.2% so far this week and has lost 8.6% in the year to date, badly underperforming the broader market and coming after the fund rang up one-year return of 149%, FactSet data show.</p><p><blockquote>FactSet数据显示，Ark Innovation ETF本周迄今已下跌5.2%，今年迄今已下跌8.6%，表现严重逊于大盘，此前该基金的一年回报率达到149%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5cca916bae90134d64f9ba249031e782\" tg-width=\"949\" tg-height=\"666\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> By comparison , the Dow Jones Industrial Average is down 1.8% this week but up 14% this year, while the technology-laden Nasdaq Composite Index is off 1.9% on the week but has risen over 12.8% so far in 2021, and the broad-market S&amp;P 500 index is off 1.4% in the week to date but boasts a nearly 17.3% gain for 2021.</p><p><blockquote>相比之下，道琼斯工业平均指数本周下跌1.8%，但今年上涨14%，而科技含量较高的纳斯达克综合指数本周下跌1.9%，但2021年迄今已上涨超过12.8%，大盘标普500指数本周迄今下跌1.4%，但2021年上涨近17.3%。</blockquote></p><p> Wood's view on the market, however, is that investors are acting much more sedately and prudently, compared with the euphoria that was characteristic of the late 1990s and early 2000s dot-com boom.</p><p><blockquote>然而，伍德对市场的看法是，与20世纪90年代末和21世纪初互联网繁荣时期特有的兴奋相比，投资者的行为更加冷静和谨慎。</blockquote></p><p> \"In a bubble...and I remember the late '90s...our strategies would have been cheered on,\" she told the business network. \"You remember the leapfrogging of analysts making estimates one higher than the other, price targets one higher than the other,\" she said on \"Tech Check.\"</p><p><blockquote>“在泡沫中……我记得90年代末……我们的战略会受到欢呼，”她告诉商业网。她在“Tech Check”节目中表示：“你还记得分析师的预测一个比另一个高，价格目标一个比另一个高。”</blockquote></p><p> She also noted that negative sentiment in the market as a contra-indication, suggesting that growing pessimism may actually fuel further gains rather than inflating a bubble.</p><p><blockquote>她还指出，市场的负面情绪是一个禁忌症，这表明日益增长的悲观情绪实际上可能会推动进一步上涨，而不是吹大泡沫。</blockquote></p><p> \"I like bad news,\" she said.</p><p><blockquote>“我喜欢坏消息，”她说。</blockquote></p><p> \"When I see such negative sentiment out there, especially when it comes to valuation and longer time horizons, investment time horizons, I actually feel a little more comfortable,\" Wood said.</p><p><blockquote>伍德说：“当我看到这种负面情绪时，尤其是在估值和更长的时间范围、投资时间范围方面，我实际上感觉更舒服一些。”</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>Ark's Cathie Wood says stock market 'couldn't be further away from a bubble.' Here's why.<blockquote>Ark的凯西·伍德(Cathie Wood)表示，股市“离泡沫再远不过了”。原因如下。</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\">\nArk's Cathie Wood says stock market 'couldn't be further away from a bubble.' Here's why.<blockquote>Ark的凯西·伍德(Cathie Wood)表示，股市“离泡沫再远不过了”。原因如下。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-20 08:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wood says she's emboldened by bad news</p><p><blockquote>伍德说她被坏消息鼓舞了</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b1e646cb0a6ddf4ac942ed5c913a4e4\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management</span></p><p><blockquote><p class=\"t-img-caption\"><span>Cathie Wood，方舟投资管理公司首席执行官兼首席投资官</span></p></blockquote></p><p> There'a growing sense of unease emanating from equity markets in recent trade, despite, and perhaps because, of the Dow Jones Industrial Average and the S&amp;P 500 index trading near record heights.</p><p><blockquote>尽管道琼斯工业平均指数（Dow Jones Industrial Average）和标普500指数（Bank of America Index）接近历史新高，但在最近的交易中，人们越来越感到不安。</blockquote></p><p> However, star investor Cathie Wood, who runs a suite of popular ETFs in Ark Investment Management, says that there's no reason to fear that the market is becoming too bubblicious.</p><p><blockquote>然而，在Ark Investment Management经营一系列受欢迎的ETF的明星投资者凯西·伍德(Cathie Wood)表示，没有理由担心市场变得过于泡沫。</blockquote></p><p> As the Ark founder puts it: \"I don't think we're in a bubble which is what I think many bears think we are,\" during a Thursday interview with CNBC near midday .</p><p><blockquote>正如方舟创始人在周四中午接受CNBC采访时所说：“我不认为我们处于泡沫之中，我认为许多空头认为我们处于泡沫之中。”</blockquote></p><p> Her comments coming amid intensifying worries about a possible slowdown in economic growth as the delta variant of COVID-19 gathers momentum, creating headwinds for a fuller recovery from the pandemic that has gripped the globe for well over a year.</p><p><blockquote>她发表此番言论之际，人们越来越担心随着COVID-19德尔塔变异毒株势头增强，经济增长可能放缓，这给从席卷全球一年多的大流行中全面复苏带来了阻力。</blockquote></p><p> Investors also have been wringing their hands over the prospects of the Federal Reserve scaling back easy-money policies, notably the monthly purchases of $120 billion in Treasurys and mortage-backed securities, as anxieties grow.</p><p><blockquote>随着焦虑情绪的加剧，投资者也一直在担心美联储缩减宽松货币政策的前景，特别是每月购买1200亿美元的美国国债和抵押贷款支持证券。</blockquote></p><p> Wood's investment funds, highlighted by the flagship Ark Innovation, have been <a href=\"https://laohu8.com/S/AONE.U\">one</a> area that has been cited as possibly overvalued and vulnerable to a dramatic swing lower if the market starts to deflate considerably from its current levels.</p><p><blockquote>伍德的投资基金，以旗舰Ark Innovation为重点，已<a href=\"https://laohu8.com/S/AONE.U\">一</a>该区域被认为可能被高估，如果市场开始从当前水平大幅萎缩，则容易大幅走低。</blockquote></p><p> Ark Innovation ETF is down 5.2% so far this week and has lost 8.6% in the year to date, badly underperforming the broader market and coming after the fund rang up one-year return of 149%, FactSet data show.</p><p><blockquote>FactSet数据显示，Ark Innovation ETF本周迄今已下跌5.2%，今年迄今已下跌8.6%，表现严重逊于大盘，此前该基金的一年回报率达到149%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5cca916bae90134d64f9ba249031e782\" tg-width=\"949\" tg-height=\"666\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> By comparison , the Dow Jones Industrial Average is down 1.8% this week but up 14% this year, while the technology-laden Nasdaq Composite Index is off 1.9% on the week but has risen over 12.8% so far in 2021, and the broad-market S&amp;P 500 index is off 1.4% in the week to date but boasts a nearly 17.3% gain for 2021.</p><p><blockquote>相比之下，道琼斯工业平均指数本周下跌1.8%，但今年上涨14%，而科技含量较高的纳斯达克综合指数本周下跌1.9%，但2021年迄今已上涨超过12.8%，大盘标普500指数本周迄今下跌1.4%，但2021年上涨近17.3%。</blockquote></p><p> Wood's view on the market, however, is that investors are acting much more sedately and prudently, compared with the euphoria that was characteristic of the late 1990s and early 2000s dot-com boom.</p><p><blockquote>然而，伍德对市场的看法是，与20世纪90年代末和21世纪初互联网繁荣时期特有的兴奋相比，投资者的行为更加冷静和谨慎。</blockquote></p><p> \"In a bubble...and I remember the late '90s...our strategies would have been cheered on,\" she told the business network. \"You remember the leapfrogging of analysts making estimates one higher than the other, price targets one higher than the other,\" she said on \"Tech Check.\"</p><p><blockquote>“在泡沫中……我记得90年代末……我们的战略会受到欢呼，”她告诉商业网。她在“Tech Check”节目中表示：“你还记得分析师的预测一个比另一个高，价格目标一个比另一个高。”</blockquote></p><p> She also noted that negative sentiment in the market as a contra-indication, suggesting that growing pessimism may actually fuel further gains rather than inflating a bubble.</p><p><blockquote>她还指出，市场的负面情绪是一个禁忌症，这表明日益增长的悲观情绪实际上可能会推动进一步上涨，而不是吹大泡沫。</blockquote></p><p> \"I like bad news,\" she said.</p><p><blockquote>“我喜欢坏消息，”她说。</blockquote></p><p> \"When I see such negative sentiment out there, especially when it comes to valuation and longer time horizons, investment time horizons, I actually feel a little more comfortable,\" Wood said.</p><p><blockquote>伍德说：“当我看到这种负面情绪时，尤其是在估值和更长的时间范围、投资时间范围方面，我实际上感觉更舒服一些。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/arks-cathie-wood-says-stock-market-couldnt-be-further-away-from-a-bubble-heres-why-11629393761?adobe_mc=MCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1629420103\">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","ARKK":"ARK Innovation ETF"},"source_url":"https://www.marketwatch.com/story/arks-cathie-wood-says-stock-market-couldnt-be-further-away-from-a-bubble-heres-why-11629393761?adobe_mc=MCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1629420103","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160848793","content_text":"Wood says she's emboldened by bad news\nCathie Wood, chief executive officer and chief investment officer of ARK Investment Management\nThere'a growing sense of unease emanating from equity markets in recent trade, despite, and perhaps because, of the Dow Jones Industrial Average and the S&P 500 index trading near record heights.\nHowever, star investor Cathie Wood, who runs a suite of popular ETFs in Ark Investment Management, says that there's no reason to fear that the market is becoming too bubblicious.\nAs the Ark founder puts it: \"I don't think we're in a bubble which is what I think many bears think we are,\" during a Thursday interview with CNBC near midday .\nHer comments coming amid intensifying worries about a possible slowdown in economic growth as the delta variant of COVID-19 gathers momentum, creating headwinds for a fuller recovery from the pandemic that has gripped the globe for well over a year.\nInvestors also have been wringing their hands over the prospects of the Federal Reserve scaling back easy-money policies, notably the monthly purchases of $120 billion in Treasurys and mortage-backed securities, as anxieties grow.\nWood's investment funds, highlighted by the flagship Ark Innovation, have been one area that has been cited as possibly overvalued and vulnerable to a dramatic swing lower if the market starts to deflate considerably from its current levels.\nArk Innovation ETF is down 5.2% so far this week and has lost 8.6% in the year to date, badly underperforming the broader market and coming after the fund rang up one-year return of 149%, FactSet data show.\n\nBy comparison , the Dow Jones Industrial Average is down 1.8% this week but up 14% this year, while the technology-laden Nasdaq Composite Index is off 1.9% on the week but has risen over 12.8% so far in 2021, and the broad-market S&P 500 index is off 1.4% in the week to date but boasts a nearly 17.3% gain for 2021.\nWood's view on the market, however, is that investors are acting much more sedately and prudently, compared with the euphoria that was characteristic of the late 1990s and early 2000s dot-com boom.\n\"In a bubble...and I remember the late '90s...our strategies would have been cheered on,\" she told the business network. \"You remember the leapfrogging of analysts making estimates one higher than the other, price targets one higher than the other,\" she said on \"Tech Check.\"\nShe also noted that negative sentiment in the market as a contra-indication, suggesting that growing pessimism may actually fuel further gains rather than inflating a bubble.\n\"I like bad news,\" she said.\n\"When I see such negative sentiment out there, especially when it comes to valuation and longer time horizons, investment time horizons, I actually feel a little more comfortable,\" Wood said.","news_type":1,"symbols_score_info":{"ARKIU":0.9,"ARKK":0.9,".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":811,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894755142,"gmtCreate":1628859830286,"gmtModify":1631891164025,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Focus on getting 100% vax first.","listText":"Focus on getting 100% vax first.","text":"Focus on getting 100% vax first.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894755142","repostId":"1121308321","repostType":4,"isVote":1,"tweetType":1,"viewCount":888,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892378765,"gmtCreate":1628641413057,"gmtModify":1631891164027,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Tesla fly to 1k please!","listText":"Tesla fly to 1k please!","text":"Tesla fly to 1k please!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/892378765","repostId":"1116397005","repostType":4,"repost":{"id":"1116397005","kind":"news","pubTimestamp":1628640579,"share":"https://www.laohu8.com/m/news/1116397005?lang=zh_CN&edition=full","pubTime":"2021-08-11 08:09","market":"us","language":"en","title":"Electric vehicle stocks get another look from investors after infrastructure bill passes the Senate<blockquote>参议院通过基础设施法案后，电动汽车股受到投资者的重新审视</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116397005","media":"Seeking Alpha","summary":"The electric vehicle sector is having another strong day after the U.S. Senate passed the $1T infras","content":"<p><ul>  <li>The electric vehicle sector is having another strong day after the U.S. Senate passed the $1T infrastructure bill on a 69-to-30 vote.</li>  <li>Amid the infrastructure focus, <a href=\"https://laohu8.com/S/ZEV\">Lightning eMotors, Inc.</a> is sharply higher after inking a notable&nbsp;electric shuttle contract&nbsp;with Berkshire Hathaway and <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> is soaring after apositive note&nbsp;from <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> is circulated.</li>  <li>Other gainers include <a href=\"https://laohu8.com/S/YMM\">Full Truck Alliance Co. Ltd.</a>, L<a href=\"https://laohu8.com/S/LEV\">The Lion Electric Company</a>, <a href=\"https://laohu8.com/S/PTRA\">Proterra Inc.</a>, <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>, <a href=\"https://laohu8.com/S/FFIE\">Faraday Future Intelligent Electric Inc.</a>, <a href=\"https://laohu8.com/S/BLNK\">Blink Charging</a> and <a href=\"https://laohu8.com/S/EVGO\">EVgo Inc.</a>.</li>  <li><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> is hugging the flat line with the infrastructure news baked in already.</li>  <li>Valuations are pretty much out of the window in the EV sector with many companies pre-revenue, but&nbsp;one&nbsp;EV stock scratches out a B value grade.</li> </ul></p><p><blockquote><ul><li>继美国之后，电动汽车行业又迎来了强劲的一天。参议院以69票对30票通过了1T美元的基础设施法案。</li><li>在基建重点中，<a href=\"https://laohu8.com/S/ZEV\">闪电电子汽车公司。</a>在与伯克希尔哈撒韦公司签署著名的电动班车合同后，股价大幅上涨<a href=\"https://laohu8.com/S/FSR\">菲斯克公司。</a>在积极的音符之后飙升<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>是流通的。</li><li>其他赢家包括<a href=\"https://laohu8.com/S/YMM\">全卡车联盟有限公司。</a>, L<a href=\"https://laohu8.com/S/LEV\">狮子电气公司</a>,<a href=\"https://laohu8.com/S/PTRA\">普罗泰拉公司。</a>,<a href=\"https://laohu8.com/S/LCID\">Lucid集团公司</a>,<a href=\"https://laohu8.com/S/FFIE\">法拉第未来智能电气公司。</a>,<a href=\"https://laohu8.com/S/BLNK\">闪烁充电</a>和<a href=\"https://laohu8.com/S/EVGO\">EVgo公司。</a>.</li><li><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>随着基础设施新闻的到来，正在拥抱平坦的路线。</li><li>电动汽车行业的估值几乎超出了预期，许多公司都实现了盈利，但一只电动汽车股票获得了B价值评级。</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>Electric vehicle stocks get another look from investors after infrastructure bill passes the Senate<blockquote>参议院通过基础设施法案后，电动汽车股受到投资者的重新审视</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\">\nElectric vehicle stocks get another look from investors after infrastructure bill passes the Senate<blockquote>参议院通过基础设施法案后，电动汽车股受到投资者的重新审视</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-08-11 08:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul>  <li>The electric vehicle sector is having another strong day after the U.S. Senate passed the $1T infrastructure bill on a 69-to-30 vote.</li>  <li>Amid the infrastructure focus, <a href=\"https://laohu8.com/S/ZEV\">Lightning eMotors, Inc.</a> is sharply higher after inking a notable&nbsp;electric shuttle contract&nbsp;with Berkshire Hathaway and <a href=\"https://laohu8.com/S/FSR\">Fisker Inc.</a> is soaring after apositive note&nbsp;from <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> is circulated.</li>  <li>Other gainers include <a href=\"https://laohu8.com/S/YMM\">Full Truck Alliance Co. Ltd.</a>, L<a href=\"https://laohu8.com/S/LEV\">The Lion Electric Company</a>, <a href=\"https://laohu8.com/S/PTRA\">Proterra Inc.</a>, <a href=\"https://laohu8.com/S/LCID\">Lucid Group Inc</a>, <a href=\"https://laohu8.com/S/FFIE\">Faraday Future Intelligent Electric Inc.</a>, <a href=\"https://laohu8.com/S/BLNK\">Blink Charging</a> and <a href=\"https://laohu8.com/S/EVGO\">EVgo Inc.</a>.</li>  <li><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> is hugging the flat line with the infrastructure news baked in already.</li>  <li>Valuations are pretty much out of the window in the EV sector with many companies pre-revenue, but&nbsp;one&nbsp;EV stock scratches out a B value grade.</li> </ul></p><p><blockquote><ul><li>继美国之后，电动汽车行业又迎来了强劲的一天。参议院以69票对30票通过了1T美元的基础设施法案。</li><li>在基建重点中，<a href=\"https://laohu8.com/S/ZEV\">闪电电子汽车公司。</a>在与伯克希尔哈撒韦公司签署著名的电动班车合同后，股价大幅上涨<a href=\"https://laohu8.com/S/FSR\">菲斯克公司。</a>在积极的音符之后飙升<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>是流通的。</li><li>其他赢家包括<a href=\"https://laohu8.com/S/YMM\">全卡车联盟有限公司。</a>, L<a href=\"https://laohu8.com/S/LEV\">狮子电气公司</a>,<a href=\"https://laohu8.com/S/PTRA\">普罗泰拉公司。</a>,<a href=\"https://laohu8.com/S/LCID\">Lucid集团公司</a>,<a href=\"https://laohu8.com/S/FFIE\">法拉第未来智能电气公司。</a>,<a href=\"https://laohu8.com/S/BLNK\">闪烁充电</a>和<a href=\"https://laohu8.com/S/EVGO\">EVgo公司。</a>.</li><li><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>随着基础设施新闻的到来，正在拥抱平坦的路线。</li><li>电动汽车行业的估值几乎超出了预期，许多公司都实现了盈利，但一只电动汽车股票获得了B价值评级。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3728353-electric-vehicle-stocks-get-another-look-from-investors-after-infrastructure-bill-passes-the-senate\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","ZEV":"Lightning eMotors, Inc.","FSR":"菲斯克","BLNK":"Blink Charging","EVGO":"EVgo Inc.","LCID":"Lucid Group Inc","PTRA":"Proterra Inc.","YMM":"满帮"},"source_url":"https://seekingalpha.com/news/3728353-electric-vehicle-stocks-get-another-look-from-investors-after-infrastructure-bill-passes-the-senate","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116397005","content_text":"The electric vehicle sector is having another strong day after the U.S. Senate passed the $1T infrastructure bill on a 69-to-30 vote.\nAmid the infrastructure focus, Lightning eMotors, Inc. is sharply higher after inking a notable electric shuttle contract with Berkshire Hathaway and Fisker Inc. is soaring after apositive note from Morgan Stanley is circulated.\nOther gainers include Full Truck Alliance Co. Ltd., LThe Lion Electric Company, Proterra Inc., Lucid Group Inc, Faraday Future Intelligent Electric Inc., Blink Charging and EVgo Inc..\nTesla Motors is hugging the flat line with the infrastructure news baked in already.\nValuations are pretty much out of the window in the EV sector with many companies pre-revenue, but one EV stock scratches out a B value grade.","news_type":1,"symbols_score_info":{"LEV":0.9,"EVGO":0.9,"FFIE":0.9,"TSLA":0.9,"ZEV":0.9,"YMM":0.9,"FSR":0.9,"BLNK":0.9,"LCID":0.9,"PTRA":0.9}},"isVote":1,"tweetType":1,"viewCount":975,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896260205,"gmtCreate":1628585158807,"gmtModify":1631891164037,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Bitcoin to rise if it becomes more mainstream&nbsp;","listText":"Bitcoin to rise if it becomes more mainstream&nbsp;","text":"Bitcoin to rise if it becomes more mainstream","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/896260205","repostId":"1116005404","repostType":4,"repost":{"id":"1116005404","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":1628582673,"share":"https://www.laohu8.com/m/news/1116005404?lang=zh_CN&edition=full","pubTime":"2021-08-10 16:04","market":"us","language":"en","title":"AMC shares rose 7% in premarket trading.<blockquote>AMC股价在盘前交易中上涨7%。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116005404","media":"Tiger Newspress","summary":"AMC shares rose 7% in premarket trading.\nAMC Entertainment reported a narrower than expected loss fo","content":"<p>AMC&nbsp;shares rose 7% in premarket&nbsp;trading.</p><p><blockquote>AMC股价在盘前交易中上涨7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/692b6fc550595ea189d7b6697732bdac\" tg-width=\"854\" tg-height=\"608\" referrerpolicy=\"no-referrer\">AMC Entertainment&nbsp;reported&nbsp;a narrower than expected loss for the second quarter while revenue topped estimates.</p><p><blockquote>AMC院线公布第二季度亏损窄于预期，而营收则超出预期。</blockquote></p><p> AMC&nbsp;will begin accepting apex cryptocurrency&nbsp;<b>Bitcoin</b>&nbsp;as payment for move tickets and concessions by the end of this&nbsp;year.</p><p><blockquote>AMC将开始接受apex加密货币<b>比特币</b>作为今年年底前移动门票和优惠的付款。</blockquote></p><p> “By year end, we will have the information technology system in place to accept Bitcoin as payment for movie tickets and concessions if purchased online at all of our U.S. theatres,” AMC Entertainment CEO&nbsp;<b>Adam Aron</b>&nbsp;said on&nbsp;the Q2 earnings call on Monday.</p><p><blockquote>AMC院线首席执行官表示：“到年底，我们将建立信息技术系统，接受比特币作为在美国所有影院在线购买的电影票和优惠的付款方式。”<b>亚当·阿伦</b>周一在第二季度财报看涨期权上表示。</blockquote></p><p> Aron added that AMC Entertainment is in the preliminary stages of exploring how else the company can participate in the new “burgeoning cryptocurrency universe.”</p><p><blockquote>阿伦补充说，AMC院线正处于探索该公司如何参与新的“新兴加密货币世界”的初步阶段。</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>AMC shares rose 7% in premarket trading.<blockquote>AMC股价在盘前交易中上涨7%。</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\">\nAMC shares rose 7% in premarket trading.<blockquote>AMC股价在盘前交易中上涨7%。</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\">2021-08-10 16:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>AMC&nbsp;shares rose 7% in premarket&nbsp;trading.</p><p><blockquote>AMC股价在盘前交易中上涨7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/692b6fc550595ea189d7b6697732bdac\" tg-width=\"854\" tg-height=\"608\" referrerpolicy=\"no-referrer\">AMC Entertainment&nbsp;reported&nbsp;a narrower than expected loss for the second quarter while revenue topped estimates.</p><p><blockquote>AMC院线公布第二季度亏损窄于预期，而营收则超出预期。</blockquote></p><p> AMC&nbsp;will begin accepting apex cryptocurrency&nbsp;<b>Bitcoin</b>&nbsp;as payment for move tickets and concessions by the end of this&nbsp;year.</p><p><blockquote>AMC将开始接受apex加密货币<b>比特币</b>作为今年年底前移动门票和优惠的付款。</blockquote></p><p> “By year end, we will have the information technology system in place to accept Bitcoin as payment for movie tickets and concessions if purchased online at all of our U.S. theatres,” AMC Entertainment CEO&nbsp;<b>Adam Aron</b>&nbsp;said on&nbsp;the Q2 earnings call on Monday.</p><p><blockquote>AMC院线首席执行官表示：“到年底，我们将建立信息技术系统，接受比特币作为在美国所有影院在线购买的电影票和优惠的付款方式。”<b>亚当·阿伦</b>周一在第二季度财报看涨期权上表示。</blockquote></p><p> Aron added that AMC Entertainment is in the preliminary stages of exploring how else the company can participate in the new “burgeoning cryptocurrency universe.”</p><p><blockquote>阿伦补充说，AMC院线正处于探索该公司如何参与新的“新兴加密货币世界”的初步阶段。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116005404","content_text":"AMC shares rose 7% in premarket trading.\nAMC Entertainment reported a narrower than expected loss for the second quarter while revenue topped estimates.\nAMC will begin accepting apex cryptocurrency Bitcoin as payment for move tickets and concessions by the end of this year.\n“By year end, we will have the information technology system in place to accept Bitcoin as payment for movie tickets and concessions if purchased online at all of our U.S. theatres,” AMC Entertainment CEO Adam Aron said on the Q2 earnings call on Monday.\nAron added that AMC Entertainment is in the preliminary stages of exploring how else the company can participate in the new “burgeoning cryptocurrency universe.”","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":823,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898773076,"gmtCreate":1628525071395,"gmtModify":1631891164036,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Dog eat dog World. Never lose a beat. Its normal. You can't fulfill smthg, there is always someone else.&nbsp;","listText":"Dog eat dog World. Never lose a beat. Its normal. You can't fulfill smthg, there is always someone else.&nbsp;","text":"Dog eat dog World. Never lose a beat. Its normal. You can't fulfill smthg, there is always someone else.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/898773076","repostId":"2158744241","repostType":4,"isVote":1,"tweetType":1,"viewCount":640,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891723609,"gmtCreate":1628432523501,"gmtModify":1631891164038,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Not overnight but over time, it's a possibility.&nbsp;","listText":"Not overnight but over time, it's a possibility.&nbsp;","text":"Not overnight but over time, it's a possibility.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/891723609","repostId":"1159872041","repostType":4,"repost":{"id":"1159872041","kind":"news","pubTimestamp":1628385224,"share":"https://www.laohu8.com/m/news/1159872041?lang=zh_CN&edition=full","pubTime":"2021-08-08 09:13","market":"us","language":"en","title":"Tesla Stock: Headed to $1,200?<blockquote>特斯拉股票：将升至1,200美元？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159872041","media":"Motley Fool","summary":"Tesla deliveries more than doubled year over year in Q2.Rising demand for electric vehicles could benefit Tesla.Investors should exercise caution when it comes to analysts' price targets.It's been a wild year for Teslastock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the S&P 500's 18% gain this year.In February,Piper Sandler analys","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Tesla deliveries more than doubled year over year in Q2.</li>  <li>Rising demand for electric vehicles could benefit Tesla.</li>  <li>Investors should exercise caution when it comes to analysts' price targets.</li> </ul> It's been a wild year for&nbsp;<b>Tesla</b>(NASDAQ:TSLA)stock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the&nbsp;<b>S&amp;P 500</b>'s 18% gain this year.</p><p><blockquote><ul><li>特斯拉第二季度的交付量同比增长了一倍多。</li><li>电动汽车需求的增长可能有利于特斯拉。</li><li>投资者在考虑分析师的目标价时应保持谨慎。</li></ul>这是疯狂的一年<b>特斯拉</b>（纳斯达克：TSLA）股票。今年年初，股价最初飙升超过20%。但该股现在已经回吐了所有涨幅，今年迄今的回报率为负1%。这意味着该股的表现明显落后于<b>标普500</b>今年增长了18%。</blockquote></p><p> But one analyst thinks the stock could take off.</p><p><blockquote>但一位分析师认为该股可能会起飞。</blockquote></p><p> <b>\"We still really like this stock.\"</b></p><p><blockquote><b>“我们仍然非常喜欢这只股票。”</b></blockquote></p><p> In February,<b>Piper Sandler</b>&nbsp;analyst Alexander Pottermade a bold call, boosting his 12-month price target for thegrowth stockfrom $515 to $1,200. He said Tesla deliveries could increase from 500,000 vehicles in 2020 to nearly 900,000 this year. Of course, this projection was made before global supply shortages worsened. Nevertheless, Tesla is growing extremely rapidly. The company's second-quarter deliveries more than doubled compared to the year-ago quarter, rising to 201,304.</p><p><blockquote>2月份，<b>派珀·桑德勒</b>分析师Alexander Potter做出了大胆的看涨期权，将这只成长型股票的12个月目标价从515美元上调至1,200美元。他表示，特斯拉的交付量可能会从2020年的50万辆增加到今年的近90万辆。当然，这一预测是在全球供应短缺恶化之前做出的。尽管如此，特斯拉的增长速度极快。该公司第二季度的交付量比去年同期增长了一倍多，达到201,304辆。</blockquote></p><p> Following Tesla's second-quarter earnings release late last month, the analyst reiterated this target, noting that the company looks poised to benefit from market share gains, the monetization of the company's Autopilot software, and \"underappreciated opportunities\" in Tesla's energy business, which includes revenue from battery energy storage and solar energy generation products.</p><p><blockquote>继特斯拉上月底发布第二季度财报后，该分析师重申了这一目标，并指出该公司似乎有望受益于市场份额的增长、该公司自动驾驶软件的货币化以及特斯拉能源业务中“未被充分重视的机会”，其中包括电池储能和太阳能发电产品的收入。</blockquote></p><p> Further, Potter pointed to Tesla's strong second-quarter operating margin of 11%, which he expects will see incremental improvement from Tesla's recently launched Autopilot subscription.</p><p><blockquote>此外，波特指出，特斯拉第二季度营业利润率强劲，为11%，他预计特斯拉最近推出的Autopilot订阅将带来增量改善。</blockquote></p><p> On Aug. 3, Potter once again reiterated an overweight rating on the stock and a $1,200 price target, saying \"We still really like this stock.\" He pointed to growing demand for battery electric vehicles overall.</p><p><blockquote>8月3日，波特再次重申了跑赢大盘对该股的评级和1200美元的目标价，称“我们仍然非常喜欢这只股票”。他指出，总体而言，对纯电动汽车的需求不断增长。</blockquote></p><p> <b>So what gives?</b></p><p><blockquote><b>那么是什么给了？</b></blockquote></p><p> If shares could truly rise to $1,200, why do so many investors seem to think the stock is worth so much less (based on the stock's price of just under $700 at the time of this writing). After all, if $1,200 was generally viewed by investors as a likely outcome for Tesla stock within the next 12 months, shares would be trading significantly higher today.</p><p><blockquote>如果股价真的能涨到1200美元，为什么这么多投资者似乎认为该股的价值如此之低（基于撰写本文时该股的价格略低于700美元）。毕竟，如果投资者普遍认为特斯拉股票在未来12个月内可能达到1,200美元，那么今天的股价将大幅走高。</blockquote></p><p> The issue boils down to the stock's forward-looking valuation. With a price-to-earnings ratio of about 370 at the time of this writing, Tesla shares are largely priced for strong growth for years to come. Since the company's valuation is based largely on profits far into the future, slight variances in views for Tesla's future growth trajectory yield dramatically different assumptions about the stock's intrinsic value today.</p><p><blockquote>问题归结为股票的前瞻性估值。截至撰写本文时，特斯拉股价的市盈率约为370，很大程度上预计未来几年将强劲增长。由于该公司的估值很大程度上基于未来的利润，因此对特斯拉未来增长轨迹的看法略有差异，就会对该股目前的内在价值产生截然不同的假设。</blockquote></p><p> Investors, therefore, shouldn't be quick to buy Tesla stock just because one analyst has a high price target for shares. Still, Potter does notably have some good points about Tesla's strong business momentum. Even Tesla itself reiterated guidance for vehicle deliveries to grow more than 50% this year -- and that guidance was provided during a time that many companies around the world (including Tesla) are negatively impacted by supply chain shortages. Further, Tesla management noted in its second-quarter update that demand for its vehicles was at an all-time high going into Q3.</p><p><blockquote>因此，投资者不应仅仅因为一位分析师的股价目标较高就急于购买特斯拉股票。尽管如此，波特确实对特斯拉强劲的商业势头有一些优点。就连特斯拉本身也重申了今年汽车交付量增长50%以上的指导意见，而这一指导意见是在全球许多公司（包括特斯拉）都受到供应链短缺的负面影响之际提供的。此外，特斯拉管理层在第二季度更新中指出，进入第三季度，对其车辆的需求创历史新高。</blockquote></p><p> While a $1,200 price target for Tesla stock would be difficult to justify, shares may be trading low enough for investors to start a small position in the stock.</p><p><blockquote>虽然特斯拉股票1,200美元的目标价很难证明合理，但该股的交易价格可能足够低，投资者可以在该股建立少量头寸。</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>Tesla Stock: Headed to $1,200?<blockquote>特斯拉股票：将升至1,200美元？</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\">\nTesla Stock: Headed to $1,200?<blockquote>特斯拉股票：将升至1,200美元？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-08-08 09:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Tesla deliveries more than doubled year over year in Q2.</li>  <li>Rising demand for electric vehicles could benefit Tesla.</li>  <li>Investors should exercise caution when it comes to analysts' price targets.</li> </ul> It's been a wild year for&nbsp;<b>Tesla</b>(NASDAQ:TSLA)stock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the&nbsp;<b>S&amp;P 500</b>'s 18% gain this year.</p><p><blockquote><ul><li>特斯拉第二季度的交付量同比增长了一倍多。</li><li>电动汽车需求的增长可能有利于特斯拉。</li><li>投资者在考虑分析师的目标价时应保持谨慎。</li></ul>这是疯狂的一年<b>特斯拉</b>（纳斯达克：TSLA）股票。今年年初，股价最初飙升超过20%。但该股现在已经回吐了所有涨幅，今年迄今的回报率为负1%。这意味着该股的表现明显落后于<b>标普500</b>今年增长了18%。</blockquote></p><p> But one analyst thinks the stock could take off.</p><p><blockquote>但一位分析师认为该股可能会起飞。</blockquote></p><p> <b>\"We still really like this stock.\"</b></p><p><blockquote><b>“我们仍然非常喜欢这只股票。”</b></blockquote></p><p> In February,<b>Piper Sandler</b>&nbsp;analyst Alexander Pottermade a bold call, boosting his 12-month price target for thegrowth stockfrom $515 to $1,200. He said Tesla deliveries could increase from 500,000 vehicles in 2020 to nearly 900,000 this year. Of course, this projection was made before global supply shortages worsened. Nevertheless, Tesla is growing extremely rapidly. The company's second-quarter deliveries more than doubled compared to the year-ago quarter, rising to 201,304.</p><p><blockquote>2月份，<b>派珀·桑德勒</b>分析师Alexander Potter做出了大胆的看涨期权，将这只成长型股票的12个月目标价从515美元上调至1,200美元。他表示，特斯拉的交付量可能会从2020年的50万辆增加到今年的近90万辆。当然，这一预测是在全球供应短缺恶化之前做出的。尽管如此，特斯拉的增长速度极快。该公司第二季度的交付量比去年同期增长了一倍多，达到201,304辆。</blockquote></p><p> Following Tesla's second-quarter earnings release late last month, the analyst reiterated this target, noting that the company looks poised to benefit from market share gains, the monetization of the company's Autopilot software, and \"underappreciated opportunities\" in Tesla's energy business, which includes revenue from battery energy storage and solar energy generation products.</p><p><blockquote>继特斯拉上月底发布第二季度财报后，该分析师重申了这一目标，并指出该公司似乎有望受益于市场份额的增长、该公司自动驾驶软件的货币化以及特斯拉能源业务中“未被充分重视的机会”，其中包括电池储能和太阳能发电产品的收入。</blockquote></p><p> Further, Potter pointed to Tesla's strong second-quarter operating margin of 11%, which he expects will see incremental improvement from Tesla's recently launched Autopilot subscription.</p><p><blockquote>此外，波特指出，特斯拉第二季度营业利润率强劲，为11%，他预计特斯拉最近推出的Autopilot订阅将带来增量改善。</blockquote></p><p> On Aug. 3, Potter once again reiterated an overweight rating on the stock and a $1,200 price target, saying \"We still really like this stock.\" He pointed to growing demand for battery electric vehicles overall.</p><p><blockquote>8月3日，波特再次重申了跑赢大盘对该股的评级和1200美元的目标价，称“我们仍然非常喜欢这只股票”。他指出，总体而言，对纯电动汽车的需求不断增长。</blockquote></p><p> <b>So what gives?</b></p><p><blockquote><b>那么是什么给了？</b></blockquote></p><p> If shares could truly rise to $1,200, why do so many investors seem to think the stock is worth so much less (based on the stock's price of just under $700 at the time of this writing). After all, if $1,200 was generally viewed by investors as a likely outcome for Tesla stock within the next 12 months, shares would be trading significantly higher today.</p><p><blockquote>如果股价真的能涨到1200美元，为什么这么多投资者似乎认为该股的价值如此之低（基于撰写本文时该股的价格略低于700美元）。毕竟，如果投资者普遍认为特斯拉股票在未来12个月内可能达到1,200美元，那么今天的股价将大幅走高。</blockquote></p><p> The issue boils down to the stock's forward-looking valuation. With a price-to-earnings ratio of about 370 at the time of this writing, Tesla shares are largely priced for strong growth for years to come. Since the company's valuation is based largely on profits far into the future, slight variances in views for Tesla's future growth trajectory yield dramatically different assumptions about the stock's intrinsic value today.</p><p><blockquote>问题归结为股票的前瞻性估值。截至撰写本文时，特斯拉股价的市盈率约为370，很大程度上预计未来几年将强劲增长。由于该公司的估值很大程度上基于未来的利润，因此对特斯拉未来增长轨迹的看法略有差异，就会对该股目前的内在价值产生截然不同的假设。</blockquote></p><p> Investors, therefore, shouldn't be quick to buy Tesla stock just because one analyst has a high price target for shares. Still, Potter does notably have some good points about Tesla's strong business momentum. Even Tesla itself reiterated guidance for vehicle deliveries to grow more than 50% this year -- and that guidance was provided during a time that many companies around the world (including Tesla) are negatively impacted by supply chain shortages. Further, Tesla management noted in its second-quarter update that demand for its vehicles was at an all-time high going into Q3.</p><p><blockquote>因此，投资者不应仅仅因为一位分析师的股价目标较高就急于购买特斯拉股票。尽管如此，波特确实对特斯拉强劲的商业势头有一些优点。就连特斯拉本身也重申了今年汽车交付量增长50%以上的指导意见，而这一指导意见是在全球许多公司（包括特斯拉）都受到供应链短缺的负面影响之际提供的。此外，特斯拉管理层在第二季度更新中指出，进入第三季度，对其车辆的需求创历史新高。</blockquote></p><p> While a $1,200 price target for Tesla stock would be difficult to justify, shares may be trading low enough for investors to start a small position in the stock.</p><p><blockquote>虽然特斯拉股票1,200美元的目标价很难证明合理，但该股的交易价格可能足够低，投资者可以在该股建立少量头寸。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/08/07/tesla-stock-headed-to-1200/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/08/07/tesla-stock-headed-to-1200/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159872041","content_text":"Key Points\n\nTesla deliveries more than doubled year over year in Q2.\nRising demand for electric vehicles could benefit Tesla.\nInvestors should exercise caution when it comes to analysts' price targets.\n\nIt's been a wild year for Tesla(NASDAQ:TSLA)stock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the S&P 500's 18% gain this year.\nBut one analyst thinks the stock could take off.\n\"We still really like this stock.\"\nIn February,Piper Sandler analyst Alexander Pottermade a bold call, boosting his 12-month price target for thegrowth stockfrom $515 to $1,200. He said Tesla deliveries could increase from 500,000 vehicles in 2020 to nearly 900,000 this year. Of course, this projection was made before global supply shortages worsened. Nevertheless, Tesla is growing extremely rapidly. The company's second-quarter deliveries more than doubled compared to the year-ago quarter, rising to 201,304.\nFollowing Tesla's second-quarter earnings release late last month, the analyst reiterated this target, noting that the company looks poised to benefit from market share gains, the monetization of the company's Autopilot software, and \"underappreciated opportunities\" in Tesla's energy business, which includes revenue from battery energy storage and solar energy generation products.\nFurther, Potter pointed to Tesla's strong second-quarter operating margin of 11%, which he expects will see incremental improvement from Tesla's recently launched Autopilot subscription.\nOn Aug. 3, Potter once again reiterated an overweight rating on the stock and a $1,200 price target, saying \"We still really like this stock.\" He pointed to growing demand for battery electric vehicles overall.\nSo what gives?\nIf shares could truly rise to $1,200, why do so many investors seem to think the stock is worth so much less (based on the stock's price of just under $700 at the time of this writing). After all, if $1,200 was generally viewed by investors as a likely outcome for Tesla stock within the next 12 months, shares would be trading significantly higher today.\nThe issue boils down to the stock's forward-looking valuation. With a price-to-earnings ratio of about 370 at the time of this writing, Tesla shares are largely priced for strong growth for years to come. Since the company's valuation is based largely on profits far into the future, slight variances in views for Tesla's future growth trajectory yield dramatically different assumptions about the stock's intrinsic value today.\nInvestors, therefore, shouldn't be quick to buy Tesla stock just because one analyst has a high price target for shares. Still, Potter does notably have some good points about Tesla's strong business momentum. Even Tesla itself reiterated guidance for vehicle deliveries to grow more than 50% this year -- and that guidance was provided during a time that many companies around the world (including Tesla) are negatively impacted by supply chain shortages. Further, Tesla management noted in its second-quarter update that demand for its vehicles was at an all-time high going into Q3.\nWhile a $1,200 price target for Tesla stock would be difficult to justify, shares may be trading low enough for investors to start a small position in the stock.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1005,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807784329,"gmtCreate":1628058470261,"gmtModify":1631886968069,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Nokia has been really busy in securing business since the past almost a year. Price is still undervalued and will boom eventually over time.","listText":"Nokia has been really busy in securing business since the past almost a year. Price is still undervalued and will boom eventually over time.","text":"Nokia has been really busy in securing business since the past almost a year. Price is still undervalued and will boom eventually over time.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/807784329","repostId":"1163963819","repostType":4,"isVote":1,"tweetType":1,"viewCount":1467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804184494,"gmtCreate":1627945889718,"gmtModify":1631891164042,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575163551534398","idStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Dollar cost average and do your research on fundamentals before committing.","listText":"Dollar cost average and do your research on fundamentals before committing.","text":"Dollar cost average and do your research on fundamentals before committing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/804184494","repostId":"1196763976","repostType":4,"isVote":1,"tweetType":1,"viewCount":796,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":838485413,"gmtCreate":1629424148932,"gmtModify":1631883827726,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575163551534398","authorIdStr":"3575163551534398"},"themes":[],"title":"","htmlText":"She's always saying things but the market goes on. Do your own research on what other experts say and make your decisions. Not just based on what ONE person said.","listText":"She's always saying things but the market goes on. Do your own research on what other experts say and make your decisions. Not just based on what ONE person said.","text":"She's always saying things but the market goes on. Do your own research on what other experts say and make your decisions. Not just based on what ONE person said.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/838485413","repostId":"2160848793","repostType":4,"repost":{"id":"2160848793","kind":"highlight","pubTimestamp":1629420499,"share":"https://www.laohu8.com/m/news/2160848793?lang=zh_CN&edition=full","pubTime":"2021-08-20 08:48","market":"us","language":"en","title":"Ark's Cathie Wood says stock market 'couldn't be further away from a bubble.' Here's why.<blockquote>Ark的凯西·伍德(Cathie Wood)表示，股市“离泡沫再远不过了”。原因如下。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2160848793","media":"MarketWatch","summary":"Wood says she's emboldened by bad news\nCathie Wood, chief executive officer and chief investment off","content":"<p>Wood says she's emboldened by bad news</p><p><blockquote>伍德说她被坏消息鼓舞了</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b1e646cb0a6ddf4ac942ed5c913a4e4\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management</span></p><p><blockquote><p class=\"t-img-caption\"><span>Cathie Wood，方舟投资管理公司首席执行官兼首席投资官</span></p></blockquote></p><p> There'a growing sense of unease emanating from equity markets in recent trade, despite, and perhaps because, of the Dow Jones Industrial Average and the S&amp;P 500 index trading near record heights.</p><p><blockquote>尽管道琼斯工业平均指数（Dow Jones Industrial Average）和标普500指数（Bank of America Index）接近历史新高，但在最近的交易中，人们越来越感到不安。</blockquote></p><p> However, star investor Cathie Wood, who runs a suite of popular ETFs in Ark Investment Management, says that there's no reason to fear that the market is becoming too bubblicious.</p><p><blockquote>然而，在Ark Investment Management经营一系列受欢迎的ETF的明星投资者凯西·伍德(Cathie Wood)表示，没有理由担心市场变得过于泡沫。</blockquote></p><p> As the Ark founder puts it: \"I don't think we're in a bubble which is what I think many bears think we are,\" during a Thursday interview with CNBC near midday .</p><p><blockquote>正如方舟创始人在周四中午接受CNBC采访时所说：“我不认为我们处于泡沫之中，我认为许多空头认为我们处于泡沫之中。”</blockquote></p><p> Her comments coming amid intensifying worries about a possible slowdown in economic growth as the delta variant of COVID-19 gathers momentum, creating headwinds for a fuller recovery from the pandemic that has gripped the globe for well over a year.</p><p><blockquote>她发表此番言论之际，人们越来越担心随着COVID-19德尔塔变异毒株势头增强，经济增长可能放缓，这给从席卷全球一年多的大流行中全面复苏带来了阻力。</blockquote></p><p> Investors also have been wringing their hands over the prospects of the Federal Reserve scaling back easy-money policies, notably the monthly purchases of $120 billion in Treasurys and mortage-backed securities, as anxieties grow.</p><p><blockquote>随着焦虑情绪的加剧，投资者也一直在担心美联储缩减宽松货币政策的前景，特别是每月购买1200亿美元的美国国债和抵押贷款支持证券。</blockquote></p><p> Wood's investment funds, highlighted by the flagship Ark Innovation, have been <a href=\"https://laohu8.com/S/AONE.U\">one</a> area that has been cited as possibly overvalued and vulnerable to a dramatic swing lower if the market starts to deflate considerably from its current levels.</p><p><blockquote>伍德的投资基金，以旗舰Ark Innovation为重点，已<a href=\"https://laohu8.com/S/AONE.U\">一</a>该区域被认为可能被高估，如果市场开始从当前水平大幅萎缩，则容易大幅走低。</blockquote></p><p> Ark Innovation ETF is down 5.2% so far this week and has lost 8.6% in the year to date, badly underperforming the broader market and coming after the fund rang up one-year return of 149%, FactSet data show.</p><p><blockquote>FactSet数据显示，Ark Innovation ETF本周迄今已下跌5.2%，今年迄今已下跌8.6%，表现严重逊于大盘，此前该基金的一年回报率达到149%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5cca916bae90134d64f9ba249031e782\" tg-width=\"949\" tg-height=\"666\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> By comparison , the Dow Jones Industrial Average is down 1.8% this week but up 14% this year, while the technology-laden Nasdaq Composite Index is off 1.9% on the week but has risen over 12.8% so far in 2021, and the broad-market S&amp;P 500 index is off 1.4% in the week to date but boasts a nearly 17.3% gain for 2021.</p><p><blockquote>相比之下，道琼斯工业平均指数本周下跌1.8%，但今年上涨14%，而科技含量较高的纳斯达克综合指数本周下跌1.9%，但2021年迄今已上涨超过12.8%，大盘标普500指数本周迄今下跌1.4%，但2021年上涨近17.3%。</blockquote></p><p> Wood's view on the market, however, is that investors are acting much more sedately and prudently, compared with the euphoria that was characteristic of the late 1990s and early 2000s dot-com boom.</p><p><blockquote>然而，伍德对市场的看法是，与20世纪90年代末和21世纪初互联网繁荣时期特有的兴奋相比，投资者的行为更加冷静和谨慎。</blockquote></p><p> \"In a bubble...and I remember the late '90s...our strategies would have been cheered on,\" she told the business network. \"You remember the leapfrogging of analysts making estimates one higher than the other, price targets one higher than the other,\" she said on \"Tech Check.\"</p><p><blockquote>“在泡沫中……我记得90年代末……我们的战略会受到欢呼，”她告诉商业网。她在“Tech Check”节目中表示：“你还记得分析师的预测一个比另一个高，价格目标一个比另一个高。”</blockquote></p><p> She also noted that negative sentiment in the market as a contra-indication, suggesting that growing pessimism may actually fuel further gains rather than inflating a bubble.</p><p><blockquote>她还指出，市场的负面情绪是一个禁忌症，这表明日益增长的悲观情绪实际上可能会推动进一步上涨，而不是吹大泡沫。</blockquote></p><p> \"I like bad news,\" she said.</p><p><blockquote>“我喜欢坏消息，”她说。</blockquote></p><p> \"When I see such negative sentiment out there, especially when it comes to valuation and longer time horizons, investment time horizons, I actually feel a little more comfortable,\" Wood said.</p><p><blockquote>伍德说：“当我看到这种负面情绪时，尤其是在估值和更长的时间范围、投资时间范围方面，我实际上感觉更舒服一些。”</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>Ark's Cathie Wood says stock market 'couldn't be further away from a bubble.' Here's why.<blockquote>Ark的凯西·伍德(Cathie Wood)表示，股市“离泡沫再远不过了”。原因如下。</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\">\nArk's Cathie Wood says stock market 'couldn't be further away from a bubble.' Here's why.<blockquote>Ark的凯西·伍德(Cathie Wood)表示，股市“离泡沫再远不过了”。原因如下。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-08-20 08:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wood says she's emboldened by bad news</p><p><blockquote>伍德说她被坏消息鼓舞了</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b1e646cb0a6ddf4ac942ed5c913a4e4\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management</span></p><p><blockquote><p class=\"t-img-caption\"><span>Cathie Wood，方舟投资管理公司首席执行官兼首席投资官</span></p></blockquote></p><p> There'a growing sense of unease emanating from equity markets in recent trade, despite, and perhaps because, of the Dow Jones Industrial Average and the S&amp;P 500 index trading near record heights.</p><p><blockquote>尽管道琼斯工业平均指数（Dow Jones Industrial Average）和标普500指数（Bank of America Index）接近历史新高，但在最近的交易中，人们越来越感到不安。</blockquote></p><p> However, star investor Cathie Wood, who runs a suite of popular ETFs in Ark Investment Management, says that there's no reason to fear that the market is becoming too bubblicious.</p><p><blockquote>然而，在Ark Investment Management经营一系列受欢迎的ETF的明星投资者凯西·伍德(Cathie Wood)表示，没有理由担心市场变得过于泡沫。</blockquote></p><p> As the Ark founder puts it: \"I don't think we're in a bubble which is what I think many bears think we are,\" during a Thursday interview with CNBC near midday .</p><p><blockquote>正如方舟创始人在周四中午接受CNBC采访时所说：“我不认为我们处于泡沫之中，我认为许多空头认为我们处于泡沫之中。”</blockquote></p><p> Her comments coming amid intensifying worries about a possible slowdown in economic growth as the delta variant of COVID-19 gathers momentum, creating headwinds for a fuller recovery from the pandemic that has gripped the globe for well over a year.</p><p><blockquote>她发表此番言论之际，人们越来越担心随着COVID-19德尔塔变异毒株势头增强，经济增长可能放缓，这给从席卷全球一年多的大流行中全面复苏带来了阻力。</blockquote></p><p> Investors also have been wringing their hands over the prospects of the Federal Reserve scaling back easy-money policies, notably the monthly purchases of $120 billion in Treasurys and mortage-backed securities, as anxieties grow.</p><p><blockquote>随着焦虑情绪的加剧，投资者也一直在担心美联储缩减宽松货币政策的前景，特别是每月购买1200亿美元的美国国债和抵押贷款支持证券。</blockquote></p><p> Wood's investment funds, highlighted by the flagship Ark Innovation, have been <a href=\"https://laohu8.com/S/AONE.U\">one</a> area that has been cited as possibly overvalued and vulnerable to a dramatic swing lower if the market starts to deflate considerably from its current levels.</p><p><blockquote>伍德的投资基金，以旗舰Ark Innovation为重点，已<a href=\"https://laohu8.com/S/AONE.U\">一</a>该区域被认为可能被高估，如果市场开始从当前水平大幅萎缩，则容易大幅走低。</blockquote></p><p> Ark Innovation ETF is down 5.2% so far this week and has lost 8.6% in the year to date, badly underperforming the broader market and coming after the fund rang up one-year return of 149%, FactSet data show.</p><p><blockquote>FactSet数据显示，Ark Innovation ETF本周迄今已下跌5.2%，今年迄今已下跌8.6%，表现严重逊于大盘，此前该基金的一年回报率达到149%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5cca916bae90134d64f9ba249031e782\" tg-width=\"949\" tg-height=\"666\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> By comparison , the Dow Jones Industrial Average is down 1.8% this week but up 14% this year, while the technology-laden Nasdaq Composite Index is off 1.9% on the week but has risen over 12.8% so far in 2021, and the broad-market S&amp;P 500 index is off 1.4% in the week to date but boasts a nearly 17.3% gain for 2021.</p><p><blockquote>相比之下，道琼斯工业平均指数本周下跌1.8%，但今年上涨14%，而科技含量较高的纳斯达克综合指数本周下跌1.9%，但2021年迄今已上涨超过12.8%，大盘标普500指数本周迄今下跌1.4%，但2021年上涨近17.3%。</blockquote></p><p> Wood's view on the market, however, is that investors are acting much more sedately and prudently, compared with the euphoria that was characteristic of the late 1990s and early 2000s dot-com boom.</p><p><blockquote>然而，伍德对市场的看法是，与20世纪90年代末和21世纪初互联网繁荣时期特有的兴奋相比，投资者的行为更加冷静和谨慎。</blockquote></p><p> \"In a bubble...and I remember the late '90s...our strategies would have been cheered on,\" she told the business network. \"You remember the leapfrogging of analysts making estimates one higher than the other, price targets one higher than the other,\" she said on \"Tech Check.\"</p><p><blockquote>“在泡沫中……我记得90年代末……我们的战略会受到欢呼，”她告诉商业网。她在“Tech Check”节目中表示：“你还记得分析师的预测一个比另一个高，价格目标一个比另一个高。”</blockquote></p><p> She also noted that negative sentiment in the market as a contra-indication, suggesting that growing pessimism may actually fuel further gains rather than inflating a bubble.</p><p><blockquote>她还指出，市场的负面情绪是一个禁忌症，这表明日益增长的悲观情绪实际上可能会推动进一步上涨，而不是吹大泡沫。</blockquote></p><p> \"I like bad news,\" she said.</p><p><blockquote>“我喜欢坏消息，”她说。</blockquote></p><p> \"When I see such negative sentiment out there, especially when it comes to valuation and longer time horizons, investment time horizons, I actually feel a little more comfortable,\" Wood said.</p><p><blockquote>伍德说：“当我看到这种负面情绪时，尤其是在估值和更长的时间范围、投资时间范围方面，我实际上感觉更舒服一些。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/arks-cathie-wood-says-stock-market-couldnt-be-further-away-from-a-bubble-heres-why-11629393761?adobe_mc=MCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1629420103\">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","ARKK":"ARK Innovation ETF"},"source_url":"https://www.marketwatch.com/story/arks-cathie-wood-says-stock-market-couldnt-be-further-away-from-a-bubble-heres-why-11629393761?adobe_mc=MCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1629420103","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160848793","content_text":"Wood says she's emboldened by bad news\nCathie Wood, chief executive officer and chief investment officer of ARK Investment Management\nThere'a growing sense of unease emanating from equity markets in recent trade, despite, and perhaps because, of the Dow Jones Industrial Average and the S&P 500 index trading near record heights.\nHowever, star investor Cathie Wood, who runs a suite of popular ETFs in Ark Investment Management, says that there's no reason to fear that the market is becoming too bubblicious.\nAs the Ark founder puts it: \"I don't think we're in a bubble which is what I think many bears think we are,\" during a Thursday interview with CNBC near midday .\nHer comments coming amid intensifying worries about a possible slowdown in economic growth as the delta variant of COVID-19 gathers momentum, creating headwinds for a fuller recovery from the pandemic that has gripped the globe for well over a year.\nInvestors also have been wringing their hands over the prospects of the Federal Reserve scaling back easy-money policies, notably the monthly purchases of $120 billion in Treasurys and mortage-backed securities, as anxieties grow.\nWood's investment funds, highlighted by the flagship Ark Innovation, have been one area that has been cited as possibly overvalued and vulnerable to a dramatic swing lower if the market starts to deflate considerably from its current levels.\nArk Innovation ETF is down 5.2% so far this week and has lost 8.6% in the year to date, badly underperforming the broader market and coming after the fund rang up one-year return of 149%, FactSet data show.\n\nBy comparison , the Dow Jones Industrial Average is down 1.8% this week but up 14% this year, while the technology-laden Nasdaq Composite Index is off 1.9% on the week but has risen over 12.8% so far in 2021, and the broad-market S&P 500 index is off 1.4% in the week to date but boasts a nearly 17.3% gain for 2021.\nWood's view on the market, however, is that investors are acting much more sedately and prudently, compared with the euphoria that was characteristic of the late 1990s and early 2000s dot-com boom.\n\"In a bubble...and I remember the late '90s...our strategies would have been cheered on,\" she told the business network. \"You remember the leapfrogging of analysts making estimates one higher than the other, price targets one higher than the other,\" she said on \"Tech Check.\"\nShe also noted that negative sentiment in the market as a contra-indication, suggesting that growing pessimism may actually fuel further gains rather than inflating a bubble.\n\"I like bad news,\" she said.\n\"When I see such negative sentiment out there, especially when it comes to valuation and longer time horizons, investment time horizons, I actually feel a little more comfortable,\" Wood said.","news_type":1,"symbols_score_info":{"ARKIU":0.9,"ARKK":0.9,".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":811,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892378765,"gmtCreate":1628641413057,"gmtModify":1631891164027,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575163551534398","authorIdStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Tesla fly to 1k please!","listText":"Tesla fly to 1k please!","text":"Tesla fly to 1k please!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/892378765","repostId":"1116397005","repostType":4,"isVote":1,"tweetType":1,"viewCount":975,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357948516,"gmtCreate":1617235164135,"gmtModify":1634521936223,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575163551534398","authorIdStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Please like my post. Biden please more good news! Make all EV stock fly!","listText":"Please like my post. Biden please more good news! Make all EV stock fly!","text":"Please like my post. Biden please more good news! Make all EV stock fly!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/357948516","repostId":"1196818239","repostType":4,"isVote":1,"tweetType":1,"viewCount":895,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355995505,"gmtCreate":1617022025607,"gmtModify":1634523098196,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575163551534398","authorIdStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Please help to like and comment. Thank u.","listText":"Please help to like and comment. Thank u.","text":"Please help to like and comment. Thank u.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/355995505","repostId":"1192930137","repostType":4,"repost":{"id":"1192930137","kind":"news","pubTimestamp":1617021734,"share":"https://www.laohu8.com/m/news/1192930137?lang=zh_CN&edition=full","pubTime":"2021-03-29 20:42","market":"us","language":"en","title":"ARK Innovation Fund Has Reshuffled Its Holdings. What That Means for Investors<blockquote>方舟创新基金进行了持仓洗牌。这对投资者意味着什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192930137","media":"Barron's","summary":"Pretty much everything changed in 2020—some things more than others.The ARK Innovation exchange-trad","content":"<p>Pretty much everything changed in 2020—some things more than others.</p><p><blockquote>2020年，几乎所有事情都发生了变化——有些事情比其他事情变化更大。</blockquote></p><p>The ARK Innovation exchange-traded fund (ticker: ARKK) went from a somewhat sleepy actively managed fund that returned 36% in 2019, to the top performer in 2020, returning 153% and making its manager,ARK Investment founder Cathie Wood, a household name. But ARK Innovation ishaving a rough 2021: After rising another 26% by mid-February, the $22 billion ETF has tumbled over the past six weeks, and is now down 9% year to date. Investors need to understand the dramatic portfolio changes that have occurred in the past year to see what they own and determine the fund’s role in their portfolios.</p><p><blockquote>ARK Innovation交易所交易基金（股票代码：ARKK）从2019年回报率为36%的有点沉睡的主动管理基金，成为2020年表现最好的基金，回报率为153%，使其经理、ARK Investment创始人Cathie Wood成为家喻户晓的名字。但ARK Innovation 2021年的日子很艰难：这只价值220亿美元的ETF在2月中旬又上涨26%后，在过去六周内暴跌，今年迄今已下跌9%。投资者需要了解过去一年发生的巨大投资组合变化，以了解他们拥有什么并确定基金在其投资组合中的作用。</blockquote></p><p>For starters: A year ago, ARK Innovation was a small-company fund. Today, it’s solidly mid-cap, with 51% of its assets in large-company stocks. The average market cap of its holdings has increased from $5 billion last March to $39 billion by the end of February. That, in large part, is due to how much many holdings have run up. Notably, top holdingTesla(TSLA) has returned 500% in the past year even after the recent pullback.</p><p><blockquote>首先：一年前，方舟创新还是一只小公司基金。如今，它已成为稳定的中型股，51%的资产投资于大公司股票。其持有的平均市值已从去年3月的50亿美元增至2月底的390亿美元。这在很大程度上是由于持有量增加了多少。值得注意的是，即使在最近的回调之后，顶级控股特斯拉(TSLA)在过去一年中的回报率仍为500%。</blockquote></p><p>Many active funds have limitations on the size of companies they can buy and continue to own. ARK Innovation doesn’t have such constraints. It’s open to stocks up and down the capitalization spectrum—from the $594 billion Tesla to the $1 billionCerus(CERS). “We don’t really look at market caps. We are pretty agnostic to that,” says Ren Leggi, ARK’s client portfolio manager. “We’re looking at where innovation takes us.”</p><p><blockquote>许多主动型基金对其可以购买和继续拥有的公司规模都有限制。方舟创新没有这样的约束。它向市值范围内上下波动的股票开放——从5,940亿美元的特斯拉到10亿美元的Cerus(CERS)。ARK的客户投资组合经理Ren Leggi表示：“我们并不真正关注市值。我们对此非常不可知。”“我们正在研究创新将带我们走向何方。”</blockquote></p><p>The growth of its existing holdings only partially explains the fund’s tilt toward larger stocks. Over the past few months, ARK Innovation has also been selling shares in smaller-cap firms, many in biotech, includingOrganovo Holdings(ONVO),Seres Therapeutics(MCRB), Compugen(CGEN), andEditas Medicine(EDIT).</p><p><blockquote>其现有持股的增长只能部分解释该基金倾向于大型股票的原因。在过去的几个月里，ARK Innovation还一直在出售小型公司的股票，其中许多是生物技术公司，包括Organovo Holdings(ONVO)、Seres Therapeutics(MCRB)、Compugen(CGEN)和Editas Medicine(EDIT)。</blockquote></p><p>Meanwhile, the fund has added a significant amount of large-cap internet stocks likePayPal Holdings(PYPL), Shopify(SHOP),Zoom Video Communications(ZM); and foreign firms such as Tencent Holdings(TCEHY), Baidu(BIDU),Sea(SE), and Nintendo(NTDOY). The ETF owned none of those names last July.</p><p><blockquote>与此同时，该基金增持了大量大型互联网股票，如PayPal Holdings(PYPL)、Shopify(SHOP)、Zoom Video通信(ZM)；以及腾讯控股控股(TCEHY)、百度(BIDU)、Sea(SE)和任天堂(NTDOY)等外国公司。去年7月，该ETF没有拥有这些名字。</blockquote></p><p><img src=\"https://static.tigerbbs.com/1e1bf566255ea478e6111c62695a5ade\" tg-width=\"677\" tg-height=\"357\" referrerpolicy=\"no-referrer\">The recent trading has shifted ARK Innovation’s sector composition as well. In March 2020, biotech and diagnostics were the largest industries in the fund, making up 22% and 15% of the portfolio, respectively. By the end of February, biotech only made up 14%, and diagnostics, 8%.</p><p><blockquote>最近的交易也改变了方舟创新的行业构成。2020年3月，生物技术和诊断是该基金最大的行业，分别占投资组合的22%和15%。截至2月底，生物技术仅占14%，诊断技术仅占8%。</blockquote></p><p>Meanwhile, ARK Innovation has increased assets in internet and software stocks—from 6% of each in March 2020, to 15% and 9% as of February. Shopify, which wasn’t in ARK Innovation as of last October, is now the eighth-largest stock in the fund with a 3.1% weight.</p><p><blockquote>与此同时，方舟创新增加了互联网和软件股票的资产——从2020年3月各占6%，增加到2月份的15%和9%。截至去年10月，Shopify尚未纳入ARK Innovation，但现在是该基金第八大股票，权重为3.1%。</blockquote></p><p>Still, compared to its peers in the mid-cap growth category, ARK Innovation is relatively heavy on healthcare and light on technology, says Amy Arnott, portfolio strategist at Morningstar.</p><p><blockquote>晨星公司投资组合策略师艾米·阿诺特(Amy Arnott)表示，尽管如此，与中型成长类同行相比，方舟创新相对偏重医疗保健，轻科技。</blockquote></p><p>Some suspect the shift toward bigger companies is the result of ARK Innovation’s unprecedented growth. The fund attracted $16 billion in new assets in the past year. If that money was invested in smaller companies, it couldquickly bump up ARK’s stakein them to perilous levels. From that perspective, putting that money in more liquid large-cap stocks seems a safer option. “The bigger they get, the more difficult it is for them to establish meaningful positions in smaller-cap stocks,” Arnott says.</p><p><blockquote>一些人怀疑向大公司的转变是方舟创新前所未有的增长的结果。该基金在过去一年吸引了160亿美元的新资产。如果这笔钱投资于规模较小的公司，方舟在这些公司的股份可能会迅速增加到危险的水平。从这个角度来看，将资金投入流动性更强的大盘股似乎是一个更安全的选择。“他们的规模越大，就越难在小盘股中建立有意义的头寸，”阿诺特说。</blockquote></p><p>ARK denies that recent trading decisions have anything to do with capacity, saying those moves are driven by conviction, valuation, and tactical considerations. For example, ARK Innovation exited DNA sequencing firmIllumina(ILMN)—once its second-largest holding behind Tesla—and added rivalPacific Biosciences of California(PACB), because it sees a shift of disruption from short-read to long-read genomic sequencing, says Leggi. It sold other names because they’d become too expensive compared to peers.</p><p><blockquote>ARK否认最近的交易决策与产能有任何关系，称这些举措是由信念、估值和战术考虑驱动的。例如，ARK Innovation退出了DNA测序公司Millumina(ILMN)（曾经是仅次于特斯拉的第二大控股公司），并增加了竞争对手加州太平洋生物科学公司(PACB)，因为它看到了从短阅读到长阅读基因组测序的颠覆性转变，莱吉说。它出售了其他品牌，因为与同行相比，它们变得太贵了。</blockquote></p><p>The firm has also been preparing for a market correction since last year, says Leggi, and large-cap additions were meant to offer downside protection and cash-like reserves to buy high-conviction names at low prices during a downturn.</p><p><blockquote>莱吉表示，该公司自去年以来也一直在为市场调整做准备，增持大盘股的目的是提供下行保护和类似现金的储备，以便在经济低迷时期以低价购买信誉良好的股票。</blockquote></p><p><img src=\"https://static.tigerbbs.com/0c6368f23c2e33e58f63f2868e48ee2b\" tg-width=\"644\" tg-height=\"344\" referrerpolicy=\"no-referrer\">A shift in portfolio characteristics—from small-cap to mid-cap, more healthcare to more internet—means ARK Innovation will likely have less volatility down the road. Many biotechs lack cash flow or revenue until they get a product approved, while internet companies usually have some products or services on the market.</p><p><blockquote>投资组合特征的转变——从小盘股到中盘股，更多的医疗保健到更多的互联网——意味着方舟创新未来的波动性可能会更小。许多生物技术公司在产品获得批准之前缺乏现金流或收入，而互联网公司通常在市场上有一些产品或服务。</blockquote></p><p>This could mean ARK’s performance this year will look a lot more like 2019 than 2020. “It’s still a very aggressive growth fund,” says Arnott, “But it can be more difficult for a fund to sustain its performance edge as it gains assets.”</p><p><blockquote>这可能意味着ARK今年的表现看起来更像2019年，而不是2020年。阿诺特表示：“它仍然是一只非常激进的增长基金，但随着资产的增加，基金可能更难维持其业绩优势。”</blockquote></p><p></p><p>Leggi says larger companies don’t necessarily mean less growth: ARK just released its updatedprice target for Tesla at $3,000 by 2025, 385% higher than today’s price. In fact, in certain industries where earlier and larger disruptors have already established themselves, it would be hard for small rivals to compete, says Leggi.</p><p><blockquote>Leggi表示，规模更大的公司并不一定意味着增长更少：ARK刚刚发布了到2025年特斯拉的更新价格目标，为3,000美元，比目前的价格高出385%。莱吉表示，事实上，在某些行业，更早、更大的颠覆者已经站稳脚跟，小竞争对手很难竞争。</blockquote></p><p>“There have been a number of smaller EV [electric vehicle] manufacturers going public through SPACs,” he says, referring to special purpose acquisition companies, essentially shell companies used to bring private companies public. “We don’t invest in them, because we don’t think they’re well-positioned to be the new leader because of how capital-intensive it is. Tesla is far ahead. It’s unlikely to see as much small-cap exposure in our portfolios as you had a few years back.”</p><p><blockquote>“已经有许多规模较小的电动汽车制造商通过SPAC上市，”他说，他指的是特殊目的收购公司，本质上是用来让私营公司上市的空壳公司。“我们不投资它们，因为我们认为它们不适合成为新的领导者，因为它们的资本密集型程度很高。特斯拉遥遥领先。我们的投资组合中不太可能出现那么多小盘股敞口。”</blockquote></p><p></p>","source":"lsy1610680873436","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>ARK Innovation Fund Has Reshuffled Its Holdings. What That Means for Investors<blockquote>方舟创新基金进行了持仓洗牌。这对投资者意味着什么</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\">\nARK Innovation Fund Has Reshuffled Its Holdings. What That Means for Investors<blockquote>方舟创新基金进行了持仓洗牌。这对投资者意味着什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-03-29 20:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Pretty much everything changed in 2020—some things more than others.</p><p><blockquote>2020年，几乎所有事情都发生了变化——有些事情比其他事情变化更大。</blockquote></p><p>The ARK Innovation exchange-traded fund (ticker: ARKK) went from a somewhat sleepy actively managed fund that returned 36% in 2019, to the top performer in 2020, returning 153% and making its manager,ARK Investment founder Cathie Wood, a household name. But ARK Innovation ishaving a rough 2021: After rising another 26% by mid-February, the $22 billion ETF has tumbled over the past six weeks, and is now down 9% year to date. Investors need to understand the dramatic portfolio changes that have occurred in the past year to see what they own and determine the fund’s role in their portfolios.</p><p><blockquote>ARK Innovation交易所交易基金（股票代码：ARKK）从2019年回报率为36%的有点沉睡的主动管理基金，成为2020年表现最好的基金，回报率为153%，使其经理、ARK Investment创始人Cathie Wood成为家喻户晓的名字。但ARK Innovation 2021年的日子很艰难：这只价值220亿美元的ETF在2月中旬又上涨26%后，在过去六周内暴跌，今年迄今已下跌9%。投资者需要了解过去一年发生的巨大投资组合变化，以了解他们拥有什么并确定基金在其投资组合中的作用。</blockquote></p><p>For starters: A year ago, ARK Innovation was a small-company fund. Today, it’s solidly mid-cap, with 51% of its assets in large-company stocks. The average market cap of its holdings has increased from $5 billion last March to $39 billion by the end of February. That, in large part, is due to how much many holdings have run up. Notably, top holdingTesla(TSLA) has returned 500% in the past year even after the recent pullback.</p><p><blockquote>首先：一年前，方舟创新还是一只小公司基金。如今，它已成为稳定的中型股，51%的资产投资于大公司股票。其持有的平均市值已从去年3月的50亿美元增至2月底的390亿美元。这在很大程度上是由于持有量增加了多少。值得注意的是，即使在最近的回调之后，顶级控股特斯拉(TSLA)在过去一年中的回报率仍为500%。</blockquote></p><p>Many active funds have limitations on the size of companies they can buy and continue to own. ARK Innovation doesn’t have such constraints. It’s open to stocks up and down the capitalization spectrum—from the $594 billion Tesla to the $1 billionCerus(CERS). “We don’t really look at market caps. We are pretty agnostic to that,” says Ren Leggi, ARK’s client portfolio manager. “We’re looking at where innovation takes us.”</p><p><blockquote>许多主动型基金对其可以购买和继续拥有的公司规模都有限制。方舟创新没有这样的约束。它向市值范围内上下波动的股票开放——从5,940亿美元的特斯拉到10亿美元的Cerus(CERS)。ARK的客户投资组合经理Ren Leggi表示：“我们并不真正关注市值。我们对此非常不可知。”“我们正在研究创新将带我们走向何方。”</blockquote></p><p>The growth of its existing holdings only partially explains the fund’s tilt toward larger stocks. Over the past few months, ARK Innovation has also been selling shares in smaller-cap firms, many in biotech, includingOrganovo Holdings(ONVO),Seres Therapeutics(MCRB), Compugen(CGEN), andEditas Medicine(EDIT).</p><p><blockquote>其现有持股的增长只能部分解释该基金倾向于大型股票的原因。在过去的几个月里，ARK Innovation还一直在出售小型公司的股票，其中许多是生物技术公司，包括Organovo Holdings(ONVO)、Seres Therapeutics(MCRB)、Compugen(CGEN)和Editas Medicine(EDIT)。</blockquote></p><p>Meanwhile, the fund has added a significant amount of large-cap internet stocks likePayPal Holdings(PYPL), Shopify(SHOP),Zoom Video Communications(ZM); and foreign firms such as Tencent Holdings(TCEHY), Baidu(BIDU),Sea(SE), and Nintendo(NTDOY). The ETF owned none of those names last July.</p><p><blockquote>与此同时，该基金增持了大量大型互联网股票，如PayPal Holdings(PYPL)、Shopify(SHOP)、Zoom Video通信(ZM)；以及腾讯控股控股(TCEHY)、百度(BIDU)、Sea(SE)和任天堂(NTDOY)等外国公司。去年7月，该ETF没有拥有这些名字。</blockquote></p><p><img src=\"https://static.tigerbbs.com/1e1bf566255ea478e6111c62695a5ade\" tg-width=\"677\" tg-height=\"357\" referrerpolicy=\"no-referrer\">The recent trading has shifted ARK Innovation’s sector composition as well. In March 2020, biotech and diagnostics were the largest industries in the fund, making up 22% and 15% of the portfolio, respectively. By the end of February, biotech only made up 14%, and diagnostics, 8%.</p><p><blockquote>最近的交易也改变了方舟创新的行业构成。2020年3月，生物技术和诊断是该基金最大的行业，分别占投资组合的22%和15%。截至2月底，生物技术仅占14%，诊断技术仅占8%。</blockquote></p><p>Meanwhile, ARK Innovation has increased assets in internet and software stocks—from 6% of each in March 2020, to 15% and 9% as of February. Shopify, which wasn’t in ARK Innovation as of last October, is now the eighth-largest stock in the fund with a 3.1% weight.</p><p><blockquote>与此同时，方舟创新增加了互联网和软件股票的资产——从2020年3月各占6%，增加到2月份的15%和9%。截至去年10月，Shopify尚未纳入ARK Innovation，但现在是该基金第八大股票，权重为3.1%。</blockquote></p><p>Still, compared to its peers in the mid-cap growth category, ARK Innovation is relatively heavy on healthcare and light on technology, says Amy Arnott, portfolio strategist at Morningstar.</p><p><blockquote>晨星公司投资组合策略师艾米·阿诺特(Amy Arnott)表示，尽管如此，与中型成长类同行相比，方舟创新相对偏重医疗保健，轻科技。</blockquote></p><p>Some suspect the shift toward bigger companies is the result of ARK Innovation’s unprecedented growth. The fund attracted $16 billion in new assets in the past year. If that money was invested in smaller companies, it couldquickly bump up ARK’s stakein them to perilous levels. From that perspective, putting that money in more liquid large-cap stocks seems a safer option. “The bigger they get, the more difficult it is for them to establish meaningful positions in smaller-cap stocks,” Arnott says.</p><p><blockquote>一些人怀疑向大公司的转变是方舟创新前所未有的增长的结果。该基金在过去一年吸引了160亿美元的新资产。如果这笔钱投资于规模较小的公司，方舟在这些公司的股份可能会迅速增加到危险的水平。从这个角度来看，将资金投入流动性更强的大盘股似乎是一个更安全的选择。“他们的规模越大，就越难在小盘股中建立有意义的头寸，”阿诺特说。</blockquote></p><p>ARK denies that recent trading decisions have anything to do with capacity, saying those moves are driven by conviction, valuation, and tactical considerations. For example, ARK Innovation exited DNA sequencing firmIllumina(ILMN)—once its second-largest holding behind Tesla—and added rivalPacific Biosciences of California(PACB), because it sees a shift of disruption from short-read to long-read genomic sequencing, says Leggi. It sold other names because they’d become too expensive compared to peers.</p><p><blockquote>ARK否认最近的交易决策与产能有任何关系，称这些举措是由信念、估值和战术考虑驱动的。例如，ARK Innovation退出了DNA测序公司Millumina(ILMN)（曾经是仅次于特斯拉的第二大控股公司），并增加了竞争对手加州太平洋生物科学公司(PACB)，因为它看到了从短阅读到长阅读基因组测序的颠覆性转变，莱吉说。它出售了其他品牌，因为与同行相比，它们变得太贵了。</blockquote></p><p>The firm has also been preparing for a market correction since last year, says Leggi, and large-cap additions were meant to offer downside protection and cash-like reserves to buy high-conviction names at low prices during a downturn.</p><p><blockquote>莱吉表示，该公司自去年以来也一直在为市场调整做准备，增持大盘股的目的是提供下行保护和类似现金的储备，以便在经济低迷时期以低价购买信誉良好的股票。</blockquote></p><p><img src=\"https://static.tigerbbs.com/0c6368f23c2e33e58f63f2868e48ee2b\" tg-width=\"644\" tg-height=\"344\" referrerpolicy=\"no-referrer\">A shift in portfolio characteristics—from small-cap to mid-cap, more healthcare to more internet—means ARK Innovation will likely have less volatility down the road. Many biotechs lack cash flow or revenue until they get a product approved, while internet companies usually have some products or services on the market.</p><p><blockquote>投资组合特征的转变——从小盘股到中盘股，更多的医疗保健到更多的互联网——意味着方舟创新未来的波动性可能会更小。许多生物技术公司在产品获得批准之前缺乏现金流或收入，而互联网公司通常在市场上有一些产品或服务。</blockquote></p><p>This could mean ARK’s performance this year will look a lot more like 2019 than 2020. “It’s still a very aggressive growth fund,” says Arnott, “But it can be more difficult for a fund to sustain its performance edge as it gains assets.”</p><p><blockquote>这可能意味着ARK今年的表现看起来更像2019年，而不是2020年。阿诺特表示：“它仍然是一只非常激进的增长基金，但随着资产的增加，基金可能更难维持其业绩优势。”</blockquote></p><p></p><p>Leggi says larger companies don’t necessarily mean less growth: ARK just released its updatedprice target for Tesla at $3,000 by 2025, 385% higher than today’s price. In fact, in certain industries where earlier and larger disruptors have already established themselves, it would be hard for small rivals to compete, says Leggi.</p><p><blockquote>Leggi表示，规模更大的公司并不一定意味着增长更少：ARK刚刚发布了到2025年特斯拉的更新价格目标，为3,000美元，比目前的价格高出385%。莱吉表示，事实上，在某些行业，更早、更大的颠覆者已经站稳脚跟，小竞争对手很难竞争。</blockquote></p><p>“There have been a number of smaller EV [electric vehicle] manufacturers going public through SPACs,” he says, referring to special purpose acquisition companies, essentially shell companies used to bring private companies public. “We don’t invest in them, because we don’t think they’re well-positioned to be the new leader because of how capital-intensive it is. Tesla is far ahead. It’s unlikely to see as much small-cap exposure in our portfolios as you had a few years back.”</p><p><blockquote>“已经有许多规模较小的电动汽车制造商通过SPAC上市，”他说，他指的是特殊目的收购公司，本质上是用来让私营公司上市的空壳公司。“我们不投资它们，因为我们认为它们不适合成为新的领导者，因为它们的资本密集型程度很高。特斯拉遥遥领先。我们的投资组合中不太可能出现那么多小盘股敞口。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/articles/ark-innovation-fund-has-reshuffled-its-holdings-what-that-means-for-investors-51616800226?mod=mw_more_headlines\">Barron's</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.marketwatch.com/articles/ark-innovation-fund-has-reshuffled-its-holdings-what-that-means-for-investors-51616800226?mod=mw_more_headlines","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192930137","content_text":"Pretty much everything changed in 2020—some things more than others.The ARK Innovation exchange-traded fund (ticker: ARKK) went from a somewhat sleepy actively managed fund that returned 36% in 2019, to the top performer in 2020, returning 153% and making its manager,ARK Investment founder Cathie Wood, a household name. But ARK Innovation ishaving a rough 2021: After rising another 26% by mid-February, the $22 billion ETF has tumbled over the past six weeks, and is now down 9% year to date. Investors need to understand the dramatic portfolio changes that have occurred in the past year to see what they own and determine the fund’s role in their portfolios.For starters: A year ago, ARK Innovation was a small-company fund. Today, it’s solidly mid-cap, with 51% of its assets in large-company stocks. The average market cap of its holdings has increased from $5 billion last March to $39 billion by the end of February. That, in large part, is due to how much many holdings have run up. Notably, top holdingTesla(TSLA) has returned 500% in the past year even after the recent pullback.Many active funds have limitations on the size of companies they can buy and continue to own. ARK Innovation doesn’t have such constraints. It’s open to stocks up and down the capitalization spectrum—from the $594 billion Tesla to the $1 billionCerus(CERS). “We don’t really look at market caps. We are pretty agnostic to that,” says Ren Leggi, ARK’s client portfolio manager. “We’re looking at where innovation takes us.”The growth of its existing holdings only partially explains the fund’s tilt toward larger stocks. Over the past few months, ARK Innovation has also been selling shares in smaller-cap firms, many in biotech, includingOrganovo Holdings(ONVO),Seres Therapeutics(MCRB), Compugen(CGEN), andEditas Medicine(EDIT).Meanwhile, the fund has added a significant amount of large-cap internet stocks likePayPal Holdings(PYPL), Shopify(SHOP),Zoom Video Communications(ZM); and foreign firms such as Tencent Holdings(TCEHY), Baidu(BIDU),Sea(SE), and Nintendo(NTDOY). The ETF owned none of those names last July.The recent trading has shifted ARK Innovation’s sector composition as well. In March 2020, biotech and diagnostics were the largest industries in the fund, making up 22% and 15% of the portfolio, respectively. By the end of February, biotech only made up 14%, and diagnostics, 8%.Meanwhile, ARK Innovation has increased assets in internet and software stocks—from 6% of each in March 2020, to 15% and 9% as of February. Shopify, which wasn’t in ARK Innovation as of last October, is now the eighth-largest stock in the fund with a 3.1% weight.Still, compared to its peers in the mid-cap growth category, ARK Innovation is relatively heavy on healthcare and light on technology, says Amy Arnott, portfolio strategist at Morningstar.Some suspect the shift toward bigger companies is the result of ARK Innovation’s unprecedented growth. The fund attracted $16 billion in new assets in the past year. If that money was invested in smaller companies, it couldquickly bump up ARK’s stakein them to perilous levels. From that perspective, putting that money in more liquid large-cap stocks seems a safer option. “The bigger they get, the more difficult it is for them to establish meaningful positions in smaller-cap stocks,” Arnott says.ARK denies that recent trading decisions have anything to do with capacity, saying those moves are driven by conviction, valuation, and tactical considerations. For example, ARK Innovation exited DNA sequencing firmIllumina(ILMN)—once its second-largest holding behind Tesla—and added rivalPacific Biosciences of California(PACB), because it sees a shift of disruption from short-read to long-read genomic sequencing, says Leggi. It sold other names because they’d become too expensive compared to peers.The firm has also been preparing for a market correction since last year, says Leggi, and large-cap additions were meant to offer downside protection and cash-like reserves to buy high-conviction names at low prices during a downturn.A shift in portfolio characteristics—from small-cap to mid-cap, more healthcare to more internet—means ARK Innovation will likely have less volatility down the road. Many biotechs lack cash flow or revenue until they get a product approved, while internet companies usually have some products or services on the market.This could mean ARK’s performance this year will look a lot more like 2019 than 2020. “It’s still a very aggressive growth fund,” says Arnott, “But it can be more difficult for a fund to sustain its performance edge as it gains assets.”Leggi says larger companies don’t necessarily mean less growth: ARK just released its updatedprice target for Tesla at $3,000 by 2025, 385% higher than today’s price. In fact, in certain industries where earlier and larger disruptors have already established themselves, it would be hard for small rivals to compete, says Leggi.“There have been a number of smaller EV [electric vehicle] manufacturers going public through SPACs,” he says, referring to special purpose acquisition companies, essentially shell companies used to bring private companies public. “We don’t invest in them, because we don’t think they’re well-positioned to be the new leader because of how capital-intensive it is. Tesla is far ahead. It’s unlikely to see as much small-cap exposure in our portfolios as you had a few years back.”","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":417,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807784329,"gmtCreate":1628058470261,"gmtModify":1631886968069,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575163551534398","authorIdStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Nokia has been really busy in securing business since the past almost a year. Price is still undervalued and will boom eventually over time.","listText":"Nokia has been really busy in securing business since the past almost a year. Price is still undervalued and will boom eventually over time.","text":"Nokia has been really busy in securing business since the past almost a year. Price is still undervalued and will boom eventually over time.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/807784329","repostId":"1163963819","repostType":4,"isVote":1,"tweetType":1,"viewCount":1467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803671495,"gmtCreate":1627438541117,"gmtModify":1631893622523,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575163551534398","authorIdStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Pull backs are normal. Don't fret. Markets have their ups and downs.&nbsp;","listText":"Pull backs are normal. Don't fret. Markets have their ups and downs.&nbsp;","text":"Pull backs are normal. Don't fret. Markets have their ups and downs.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/803671495","repostId":"2154914904","repostType":4,"isVote":1,"tweetType":1,"viewCount":686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370799272,"gmtCreate":1618624541996,"gmtModify":1634291703764,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575163551534398","authorIdStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Buy GME everyone!","listText":"Buy GME everyone!","text":"Buy GME everyone!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/370799272","repostId":"1175692875","repostType":4,"repost":{"id":"1175692875","kind":"news","pubTimestamp":1618582708,"share":"https://www.laohu8.com/m/news/1175692875?lang=zh_CN&edition=full","pubTime":"2021-04-16 22:18","market":"us","language":"en","title":"$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175692875","media":"zerohedge","summary":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire","content":"<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><blockquote>虽然这不是四（甚至三）巫术日，但今天的大量每周期权将到期，其中可能一文不值，其他期权将为基础价格提供支持“引脚”。这就是为什么，尽管我们正在享受一个美丽的春季周，高盛指出，单一股票期权交易活动相对于历史水平有所上升。也就是说，4月份每日期权交易量增长了70%，高于3月30日年初至今24亿美元的低点。</blockquote></p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p><blockquote><b>总体而言，单个股票中有5440亿美元的期权将于今天到期，其中包括3050亿美元的评级。</b>因此，今天的到期对于平值（ATM）期权持有大量未平仓合约的股票可能很重要，因为做市商对其异常大的期权投资组合进行delta对冲将会很活跃。这种流动可能会抑制某些股票的波动，同时加剧其他股票的股价波动。</blockquote></p><p>How to trade this?</p><p><blockquote>这个怎么交易？</blockquote></p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p><blockquote>正如高盛的维沙尔·维韦克（Vishal Vivek）所写，在重大到期时，期权交易者会跟踪以下情况：<b>大量未平仓合约即将到期。</b>在平价执行（执行价格等于或非常接近当前股价）中存在大量到期未平仓合约的情况下，delta对冲活动可能会影响标的股票当天的交易。如果做市商或其他对其头寸进行delta对冲的期权交易者是净多头ATM期权，则与到期相关的流量可能会产生抑制股价走势的效果，导致股价以大量未平仓合约在行权附近结算。这种情况通常被称为“pin”，对于试图进入/退出股票头寸的大型投资者来说是理想的情况。或者，如果delta对冲者是ATM期权的净空头（具有“负伽马”头寸），他们的对冲活动可能会加剧股价波动。</blockquote></p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p><blockquote>这意味着与到期相关的交易可能会导致具有大量ATM未平仓合约的股票的交易活动大幅回升。</blockquote></p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><blockquote>因此，为了帮助寻求日内交易机会的交易者，这里有一个表格，列出了今天到期的ATM未平仓合约较大的可能焦点股票，并与标的股票的日均交易量进行了比较。正如高盛所说，“<i>如果未平仓合约占股票交易量的很大一部分，那么与到期相关的活动可能会产生更大的影响。”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p><blockquote>最后，值得一提的是，今天早上我们在SpotGamma的朋友写道，这是一个相当奇怪的运营支出周期，“持续的几乎机械的出价推动市场走高。我们以前从未见过看涨期权墙“突破”过很多次，但我们在之前的笔记中提到过其他异常现象，例如净看跌期权销售。我们对此有一些理论，我们将在一篇更长的文章中发布。”</blockquote></p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX&nbsp; (i.e. implied volatility) reversed.</b></p><p><blockquote>根据SG的说法，由于隐含波动率现在已经压缩（即VIX处于新低），现在“长期”波动的潜力更大。回想一下最近市场的任何剧烈下跌都是如何被如此迅速地买入的（见下图）。<b>这些大幅走低与创纪录的VIX飙升同时发生，但随着VIX（即隐含波动率）的逆转，反射性的snap回调将带来同等力度的市场复苏。</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><p><blockquote>SpotGamma的另一个奇怪观察：</blockquote></p><p>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.&nbsp; Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.&nbsp; Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p><p><blockquote>当隐含波动率非常高时，它对市场走势非常敏感，也表明市场预计未来会有更大的波动。一旦市场暂停或抓住支撑位，隐含波动率就会迅速反转走低。<b>我们经常想到这样一个类比，如果鲨鱼停止游泳，它就会下沉（部分正确！）.如果市场停止下跌，那么隐含波动率就会下降。</b>正如我们经常谈论的那样，较低的隐含波动率（即较低的VIX）表明做市商必须回购空头对冲，从而推动反弹。SG的结论是：目前较低的隐含波动率水平给了市场更多的下行火力。从较低的隐含波动率开始会“减缓”反应性的“snap回”购买机制。此外，当IV较低时，伽马较高，因此伽马翻转可能有更多的果汁。</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>$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-04-16 22:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><blockquote>虽然这不是四（甚至三）巫术日，但今天的大量每周期权将到期，其中可能一文不值，其他期权将为基础价格提供支持“引脚”。这就是为什么，尽管我们正在享受一个美丽的春季周，高盛指出，单一股票期权交易活动相对于历史水平有所上升。也就是说，4月份每日期权交易量增长了70%，高于3月30日年初至今24亿美元的低点。</blockquote></p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p><blockquote><b>总体而言，单个股票中有5440亿美元的期权将于今天到期，其中包括3050亿美元的评级。</b>因此，今天的到期对于平值（ATM）期权持有大量未平仓合约的股票可能很重要，因为做市商对其异常大的期权投资组合进行delta对冲将会很活跃。这种流动可能会抑制某些股票的波动，同时加剧其他股票的股价波动。</blockquote></p><p>How to trade this?</p><p><blockquote>这个怎么交易？</blockquote></p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p><blockquote>正如高盛的维沙尔·维韦克（Vishal Vivek）所写，在重大到期时，期权交易者会跟踪以下情况：<b>大量未平仓合约即将到期。</b>在平价执行（执行价格等于或非常接近当前股价）中存在大量到期未平仓合约的情况下，delta对冲活动可能会影响标的股票当天的交易。如果做市商或其他对其头寸进行delta对冲的期权交易者是净多头ATM期权，则与到期相关的流量可能会产生抑制股价走势的效果，导致股价以大量未平仓合约在行权附近结算。这种情况通常被称为“pin”，对于试图进入/退出股票头寸的大型投资者来说是理想的情况。或者，如果delta对冲者是ATM期权的净空头（具有“负伽马”头寸），他们的对冲活动可能会加剧股价波动。</blockquote></p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p><blockquote>这意味着与到期相关的交易可能会导致具有大量ATM未平仓合约的股票的交易活动大幅回升。</blockquote></p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><blockquote>因此，为了帮助寻求日内交易机会的交易者，这里有一个表格，列出了今天到期的ATM未平仓合约较大的可能焦点股票，并与标的股票的日均交易量进行了比较。正如高盛所说，“<i>如果未平仓合约占股票交易量的很大一部分，那么与到期相关的活动可能会产生更大的影响。”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p><blockquote>最后，值得一提的是，今天早上我们在SpotGamma的朋友写道，这是一个相当奇怪的运营支出周期，“持续的几乎机械的出价推动市场走高。我们以前从未见过看涨期权墙“突破”过很多次，但我们在之前的笔记中提到过其他异常现象，例如净看跌期权销售。我们对此有一些理论，我们将在一篇更长的文章中发布。”</blockquote></p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX&nbsp; (i.e. implied volatility) reversed.</b></p><p><blockquote>根据SG的说法，由于隐含波动率现在已经压缩（即VIX处于新低），现在“长期”波动的潜力更大。回想一下最近市场的任何剧烈下跌都是如何被如此迅速地买入的（见下图）。<b>这些大幅走低与创纪录的VIX飙升同时发生，但随着VIX（即隐含波动率）的逆转，反射性的snap回调将带来同等力度的市场复苏。</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><p><blockquote>SpotGamma的另一个奇怪观察：</blockquote></p><p>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.&nbsp; Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.&nbsp; Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p><p><blockquote>当隐含波动率非常高时，它对市场走势非常敏感，也表明市场预计未来会有更大的波动。一旦市场暂停或抓住支撑位，隐含波动率就会迅速反转走低。<b>我们经常想到这样一个类比，如果鲨鱼停止游泳，它就会下沉（部分正确！）.如果市场停止下跌，那么隐含波动率就会下降。</b>正如我们经常谈论的那样，较低的隐含波动率（即较低的VIX）表明做市商必须回购空头对冲，从而推动反弹。SG的结论是：目前较低的隐含波动率水平给了市场更多的下行火力。从较低的隐含波动率开始会“减缓”反应性的“snap回”购买机制。此外，当IV较低时，伽马较高，因此伽马翻转可能有更多的果汁。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175692875","content_text":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.How to trade this?As Goldman's Vishal Vivek writes, at major expirations, options traders track situations wherea large amount of open interest is set to expire.In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX  (i.e. implied volatility) reversed.And one other curious observation from SpotGamma:When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.  Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.  Additionally, gamma is higher when IV is lower so gamma flips may have more juice.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":545,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802320068,"gmtCreate":1627720207954,"gmtModify":1631893622514,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575163551534398","authorIdStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Interesting and good info to take into consideration.&nbsp;","listText":"Interesting and good info to take into consideration.&nbsp;","text":"Interesting and good info to take into consideration.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/802320068","repostId":"1147779023","repostType":4,"repost":{"id":"1147779023","kind":"news","pubTimestamp":1627716124,"share":"https://www.laohu8.com/m/news/1147779023?lang=zh_CN&edition=full","pubTime":"2021-07-31 15:22","market":"us","language":"en","title":"You can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147779023","media":"MarketWatch","summary":"Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fu","content":"<p>  <b>Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.</b>  Investing is a tough game. That’s why so many mutual funds lag behind their indices.</p><p><blockquote><b>美国世纪聚焦动态增长基金的Prabha Ram关于优异表现的五个关键经验教训。</b>投资是一场艰苦的游戏。这就是为什么如此多的共同基金落后于其指数。</blockquote></p><p> So when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.</p><p><blockquote>因此，当你找到一只记录良好的基金时，调查基金经理在做什么是值得的——吸取一些教训。</blockquote></p><p> The American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth&nbsp;Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.</p><p><blockquote>专注于美国世纪的动态增长基金符合这一要求。据晨星公司称，这只价值28亿美元的基金在过去三年和五年的年化收益比罗素1000增长指数高出6个百分点以上。五年来，它的年化表现比高增长类别高出8.6个百分点。它有一个合理的0.65%的费用率。</blockquote></p><p> The fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.</p><p><blockquote>该基金由Prabha Ram共同管理，我最近采访了他。拉姆在印度长大，来到美国，在缅因大学担任助教，并在那里获得了计算机科学硕士学位。她后来在宾夕法尼亚大学沃顿商学院获得了MBA学位。Ram和其他三位投资组合经理自2016年以来一直领导该基金。</blockquote></p><p> Here are the five key takeaways, with examples of specific stocks.</p><p><blockquote>以下是五个关键要点，并附有具体股票的示例。</blockquote></p><p> <b>1. Own companies that can “land and expand” in big markets</b></p><p><blockquote><b>1.拥有能在大市场“落地扩张”的公司</b></blockquote></p><p> Even though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.</p><p><blockquote>尽管我们已经进入数字时代多年，但许多小公司仍然在纸上做大部分业务。Bill.comBill想要改变这一点。该公司由首席执行官RenéLacerte创立，他在20世纪90年代末创办了在线薪资公司PayCycle，该公司被Intuit收购。</blockquote></p><p> Bill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.</p><p><blockquote>Bill.com帮助小公司实现应付账款和应收账款的数字化。但这仅仅是个开始。一旦进入公司内部，Bill.com就会将现金和费用账户管理等其他领域数字化。</blockquote></p><p> Bill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.</p><p><blockquote>Bill.com“登陆并扩展”客户，但它也利用他们的商业伙伴来创建潜在客户网络。</blockquote></p><p> “Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.</p><p><blockquote>“每个供应商都是网络成员，即使它不是Bill.com客户，”Ram说。这个网络大约有250万成员。Bill.com还从其合作伙伴那里获得了潜在客户，包括美国银行BAC、摩根大通JP和美国运通XP。第一季度销售额增长45%。</blockquote></p><p> Founder-run companies such as this one are worth considering because they often outperform.</p><p><blockquote>像这样的创始人经营的公司值得考虑，因为它们往往表现出色。</blockquote></p><p> <b>2. Seek out innovators</b></p><p><blockquote><b>2.寻找创新者</b></blockquote></p><p> Ram’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.</p><p><blockquote>Ram的投资组合中包含明显的创新者，包括TeslaTSLA、Amazon.comAMZN和AlphabetGOOGL，这是她的前三名。让我们超越技术，看看啤酒。</blockquote></p><p> Back in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.</p><p><blockquote>早在20世纪80年代，波士顿啤酒创始人吉姆·科赫(Jim Koch)从塞缪尔·亚当斯(Samuel Adams)开始推出成功的“精酿”啤酒，开始从啤酒巨头安海斯-布希(Anheuser-Busch InbevBUD)和喜力海尼(Heinekenheiny)手中夺取份额。科赫帮助发明了精酿啤酒类别，基本上将美国带回了禁酒令前的时代，当时美国有数百家地区啤酒厂为当地口味生产更美味的啤酒。</blockquote></p><p> Boston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.</p><p><blockquote>波士顿啤酒股票表现非常好，但随后在2015年至2017年期间因啤酒销量整体持平而陷入停滞。作为回应，波士顿啤酒帮助推出了一个新的类别——其真正的硬苏打水品牌于2106年推出。它仍然是领先的硬苏打水之一。</blockquote></p><p> “We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”</p><p><blockquote>“我们被这家公司吸引是因为它的创新历史，”拉姆在谈到她的基金2016年第二季度的早期头寸时说道。“由于啤酒市场趋于平缓，该股表现不佳，但他们推出了真正的硬苏打水。真正的苏打水比我们预期的更成功。它创造了一个新的类别。”</blockquote></p><p> This penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.</p><p><blockquote>波士顿啤酒对创新的热情帮助拉姆的基金得以保留。其他成功的波士顿啤酒品牌包括扭曲茶、愤怒果园和狗鱼头。</blockquote></p><p> A key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.</p><p><blockquote>这里的一个关键要点是，要寻找创新公司，要寻找那些由过去表现出创新能力的人领导的公司。创新型管理者倾向于不断创新。波士顿啤酒不断测试新的苏打水、啤酒、烈性苹果酒、蒸馏酒和其他饮料。股东们押注他们会再次成功。</blockquote></p><p> They’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.</p><p><blockquote>他们需要帮助。由于众多竞争对手进入烈性苹果酒领域，波士顿啤酒股价7月23日下跌20%。由于该公司提高了广告成本以对抗竞争，销售额增长了33%，但净利润下降了1.6%。由于预计销售增长放缓，该公司大幅下调了今年的预期。</blockquote></p><p> But don’t count out this innovator yet.</p><p><blockquote>但还不要排除这位创新者。</blockquote></p><p> “We recently announced plans to develop new innovative beverages with&nbsp;Beam Suntory&nbsp;that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory&nbsp;sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”</p><p><blockquote>波士顿啤酒的科赫表示：“我们最近宣布计划与Beam Suntory合作开发新的创新饮料，计划于2022年初推出。”Beam Suntory销售Jim Beam威士忌和其他品牌的烈酒。“我们相信，随着饮酒者偏好的变化，这些新饮料将进一步展示我们创新和发展业务的能力。”</blockquote></p><p> <b>3. Look for companies that can create and dominate a niche</b></p><p><blockquote><b>3.寻找能够创造并主导利基市场的公司</b></blockquote></p><p></p><p> For years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.</p><p><blockquote>多年来，随着零工经济的出现，大型信用卡公司并不真正关心当地的瑜伽教练是否可以接受信用卡付款。SquareSQ认为这是一个机会。于是在2009年推出了卡支付设备业务。从那时起，它通过接纳更大的客户并扩展到现金管理、借记卡贷款和报税等金融服务的新业务领域而实现了增长。第一季度基于交易的收入增长了27%，订阅和服务收入飙升了88%。</blockquote></p><p> This is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.</p><p><blockquote>这是一家公司创造商业利基的一个很好的例子。但它也是一家“土地和扩张”的公司，因为它通过向客户提供新服务来发展。这两种品质都有助于公司保持拉姆喜欢在投资中看到的竞争优势。</blockquote></p><p> <b>4. Buy companies in the early stages of rapid growth</b></p><p><blockquote><b>4.买入快速成长初期的公司</b></blockquote></p><p> One way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.</p><p><blockquote>找到这些的一种方法是识别开发将改变整个行业的产品的公司。Ram认为Alnylam PharmaceuticalsALNY的情况就是如此。它正在开发基于RNA干扰（RNAi）技术的新疗法。在体内，信使RNA（mRNA）根据来自RNA的信号编码我们需要的蛋白质。有时mRNA会交叉信号，编码有缺陷的蛋白质。这会导致疾病。</blockquote></p><p> Alnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.</p><p><blockquote>Alnylam开发了一种调整RNAi途径的方法，以沉默有缺陷的信号并阻止致病蛋白质的产生。到目前为止，Alnylam已经有四种获得批准的基于RNAi的药物，用于治疗罕见的遗传性疾病。该公司还有十几种其他疗法处于临床研究中，其中六种处于后期开发阶段。</blockquote></p><p> “This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”</p><p><blockquote>“这是一个全新的治疗领域，”拉姆说。“它是一个可以治疗多种疾病的产品平台。”</blockquote></p><p> <b>5. Hold stocks for the long term</b></p><p><blockquote><b>5.长期持有股票</b></blockquote></p><p> All of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.</p><p><blockquote>上述所有名字都是拉姆基金中的大量头寸，这告诉我拉姆和她的团队认为他们有更大的上涨空间。不过，如果您购买其中任何一款，请记住您必须在多年的时间范围内购买。拉姆的基金就是这么做的。它的年投资组合周转率较低，为27%。有长远的眼光很重要，因为看涨期权股市或股票的短期走势非常困难，你需要给公司发展的时间。</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>You can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</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\">\nYou can beat stock market indexes — this fund manager has, and this is how she and her team did it<blockquote>你可以击败股市指数——这位基金经理做到了，她和她的团队就是这样做到的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-07-31 15:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.</b>  Investing is a tough game. That’s why so many mutual funds lag behind their indices.</p><p><blockquote><b>美国世纪聚焦动态增长基金的Prabha Ram关于优异表现的五个关键经验教训。</b>投资是一场艰苦的游戏。这就是为什么如此多的共同基金落后于其指数。</blockquote></p><p> So when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.</p><p><blockquote>因此，当你找到一只记录良好的基金时，调查基金经理在做什么是值得的——吸取一些教训。</blockquote></p><p> The American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth&nbsp;Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.</p><p><blockquote>专注于美国世纪的动态增长基金符合这一要求。据晨星公司称，这只价值28亿美元的基金在过去三年和五年的年化收益比罗素1000增长指数高出6个百分点以上。五年来，它的年化表现比高增长类别高出8.6个百分点。它有一个合理的0.65%的费用率。</blockquote></p><p> The fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.</p><p><blockquote>该基金由Prabha Ram共同管理，我最近采访了他。拉姆在印度长大，来到美国，在缅因大学担任助教，并在那里获得了计算机科学硕士学位。她后来在宾夕法尼亚大学沃顿商学院获得了MBA学位。Ram和其他三位投资组合经理自2016年以来一直领导该基金。</blockquote></p><p> Here are the five key takeaways, with examples of specific stocks.</p><p><blockquote>以下是五个关键要点，并附有具体股票的示例。</blockquote></p><p> <b>1. Own companies that can “land and expand” in big markets</b></p><p><blockquote><b>1.拥有能在大市场“落地扩张”的公司</b></blockquote></p><p> Even though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.</p><p><blockquote>尽管我们已经进入数字时代多年，但许多小公司仍然在纸上做大部分业务。Bill.comBill想要改变这一点。该公司由首席执行官RenéLacerte创立，他在20世纪90年代末创办了在线薪资公司PayCycle，该公司被Intuit收购。</blockquote></p><p> Bill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.</p><p><blockquote>Bill.com帮助小公司实现应付账款和应收账款的数字化。但这仅仅是个开始。一旦进入公司内部，Bill.com就会将现金和费用账户管理等其他领域数字化。</blockquote></p><p> Bill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.</p><p><blockquote>Bill.com“登陆并扩展”客户，但它也利用他们的商业伙伴来创建潜在客户网络。</blockquote></p><p> “Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.</p><p><blockquote>“每个供应商都是网络成员，即使它不是Bill.com客户，”Ram说。这个网络大约有250万成员。Bill.com还从其合作伙伴那里获得了潜在客户，包括美国银行BAC、摩根大通JP和美国运通XP。第一季度销售额增长45%。</blockquote></p><p> Founder-run companies such as this one are worth considering because they often outperform.</p><p><blockquote>像这样的创始人经营的公司值得考虑，因为它们往往表现出色。</blockquote></p><p> <b>2. Seek out innovators</b></p><p><blockquote><b>2.寻找创新者</b></blockquote></p><p> Ram’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.</p><p><blockquote>Ram的投资组合中包含明显的创新者，包括TeslaTSLA、Amazon.comAMZN和AlphabetGOOGL，这是她的前三名。让我们超越技术，看看啤酒。</blockquote></p><p> Back in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.</p><p><blockquote>早在20世纪80年代，波士顿啤酒创始人吉姆·科赫(Jim Koch)从塞缪尔·亚当斯(Samuel Adams)开始推出成功的“精酿”啤酒，开始从啤酒巨头安海斯-布希(Anheuser-Busch InbevBUD)和喜力海尼(Heinekenheiny)手中夺取份额。科赫帮助发明了精酿啤酒类别，基本上将美国带回了禁酒令前的时代，当时美国有数百家地区啤酒厂为当地口味生产更美味的啤酒。</blockquote></p><p> Boston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.</p><p><blockquote>波士顿啤酒股票表现非常好，但随后在2015年至2017年期间因啤酒销量整体持平而陷入停滞。作为回应，波士顿啤酒帮助推出了一个新的类别——其真正的硬苏打水品牌于2106年推出。它仍然是领先的硬苏打水之一。</blockquote></p><p> “We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”</p><p><blockquote>“我们被这家公司吸引是因为它的创新历史，”拉姆在谈到她的基金2016年第二季度的早期头寸时说道。“由于啤酒市场趋于平缓，该股表现不佳，但他们推出了真正的硬苏打水。真正的苏打水比我们预期的更成功。它创造了一个新的类别。”</blockquote></p><p> This penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.</p><p><blockquote>波士顿啤酒对创新的热情帮助拉姆的基金得以保留。其他成功的波士顿啤酒品牌包括扭曲茶、愤怒果园和狗鱼头。</blockquote></p><p> A key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.</p><p><blockquote>这里的一个关键要点是，要寻找创新公司，要寻找那些由过去表现出创新能力的人领导的公司。创新型管理者倾向于不断创新。波士顿啤酒不断测试新的苏打水、啤酒、烈性苹果酒、蒸馏酒和其他饮料。股东们押注他们会再次成功。</blockquote></p><p> They’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.</p><p><blockquote>他们需要帮助。由于众多竞争对手进入烈性苹果酒领域，波士顿啤酒股价7月23日下跌20%。由于该公司提高了广告成本以对抗竞争，销售额增长了33%，但净利润下降了1.6%。由于预计销售增长放缓，该公司大幅下调了今年的预期。</blockquote></p><p> But don’t count out this innovator yet.</p><p><blockquote>但还不要排除这位创新者。</blockquote></p><p> “We recently announced plans to develop new innovative beverages with&nbsp;Beam Suntory&nbsp;that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory&nbsp;sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”</p><p><blockquote>波士顿啤酒的科赫表示：“我们最近宣布计划与Beam Suntory合作开发新的创新饮料，计划于2022年初推出。”Beam Suntory销售Jim Beam威士忌和其他品牌的烈酒。“我们相信，随着饮酒者偏好的变化，这些新饮料将进一步展示我们创新和发展业务的能力。”</blockquote></p><p> <b>3. Look for companies that can create and dominate a niche</b></p><p><blockquote><b>3.寻找能够创造并主导利基市场的公司</b></blockquote></p><p></p><p> For years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.</p><p><blockquote>多年来，随着零工经济的出现，大型信用卡公司并不真正关心当地的瑜伽教练是否可以接受信用卡付款。SquareSQ认为这是一个机会。于是在2009年推出了卡支付设备业务。从那时起，它通过接纳更大的客户并扩展到现金管理、借记卡贷款和报税等金融服务的新业务领域而实现了增长。第一季度基于交易的收入增长了27%，订阅和服务收入飙升了88%。</blockquote></p><p> This is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.</p><p><blockquote>这是一家公司创造商业利基的一个很好的例子。但它也是一家“土地和扩张”的公司，因为它通过向客户提供新服务来发展。这两种品质都有助于公司保持拉姆喜欢在投资中看到的竞争优势。</blockquote></p><p> <b>4. Buy companies in the early stages of rapid growth</b></p><p><blockquote><b>4.买入快速成长初期的公司</b></blockquote></p><p> One way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.</p><p><blockquote>找到这些的一种方法是识别开发将改变整个行业的产品的公司。Ram认为Alnylam PharmaceuticalsALNY的情况就是如此。它正在开发基于RNA干扰（RNAi）技术的新疗法。在体内，信使RNA（mRNA）根据来自RNA的信号编码我们需要的蛋白质。有时mRNA会交叉信号，编码有缺陷的蛋白质。这会导致疾病。</blockquote></p><p> Alnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.</p><p><blockquote>Alnylam开发了一种调整RNAi途径的方法，以沉默有缺陷的信号并阻止致病蛋白质的产生。到目前为止，Alnylam已经有四种获得批准的基于RNAi的药物，用于治疗罕见的遗传性疾病。该公司还有十几种其他疗法处于临床研究中，其中六种处于后期开发阶段。</blockquote></p><p> “This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”</p><p><blockquote>“这是一个全新的治疗领域，”拉姆说。“它是一个可以治疗多种疾病的产品平台。”</blockquote></p><p> <b>5. Hold stocks for the long term</b></p><p><blockquote><b>5.长期持有股票</b></blockquote></p><p> All of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.</p><p><blockquote>上述所有名字都是拉姆基金中的大量头寸，这告诉我拉姆和她的团队认为他们有更大的上涨空间。不过，如果您购买其中任何一款，请记住您必须在多年的时间范围内购买。拉姆的基金就是这么做的。它的年投资组合周转率较低，为27%。有长远的眼光很重要，因为看涨期权股市或股票的短期走势非常困难，你需要给公司发展的时间。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/you-can-beat-stock-market-indexes-this-fund-manager-has-and-this-is-how-she-and-her-team-did-it-11627481445?mod=article_inline\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/you-can-beat-stock-market-indexes-this-fund-manager-has-and-this-is-how-she-and-her-team-did-it-11627481445?mod=article_inline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147779023","content_text":"Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.\n\nInvesting is a tough game. That’s why so many mutual funds lag behind their indices.\nSo when you find a fund with a great record, it pays to investigate what the fund managers are doing — to learn some lessons.\nThe American Century Focused Dynamic Growth FundACFSXfits the bill. The $2.8 billion fund beats its Russell 1000 Growth Index by over 6 percentage points annualized over the past three and five years, according toMorningstar. It outperforms its large-growth category by 8.6 percentage points annualized over five years. It has a reasonable 0.65% expense ratio.\nThe fund is co-managed by Prabha Ram, who I recently caught up with. Raised in India, Ram came to the U.S. as a teaching assistant at the University of Maine, where she earned a master’s degree in computer science. She went on to receive an MBA at the Wharton School at the University of Pennsylvania. Ram and three other portfolio managers have led this fund since 2016.\nHere are the five key takeaways, with examples of specific stocks.\n1. Own companies that can “land and expand” in big markets\nEven though we’ve been in the digital age for years, many small companies still do much of their business on paper. Bill.comBILLwants to change that. The company was founded by CEO René Lacerte, who in the late 1990s started the online payroll company PayCycle, which was acquired by Intuit.\nBill.com helps small companies go digital in accounts payable and receivable payments. But that’s just the start. Once inside a company, Bill.com digitizes other areas like cash and expense account management.\nBill.com “lands and expands” at clients, but it also uses their business partners to create a network of leads.\n“Every vendor is a network member, even if it is not a Bill.com customer,” says Ram. This network has about 2.5 million members. Bill.com also gets prospects from its partners, including Bank of AmericaBAC,JPMorgan ChaseJPMand American ExpressAXP.Sales grew 45% in the first quarter.\nFounder-run companies such as this one are worth considering because they often outperform.\n2. Seek out innovators\nRam’s portfolio contains obvious innovators, including TeslaTSLA,Amazon.comAMZNand AlphabetGOOGL,her top three positions. Let’s look beyond technology — to beer.\nBack in the 1980s, Boston Beer founder Jim Koch began taking share from beer giants Anheuser-Busch InBevBUDand HeinekenHEINYby rolling out successful “craft” brews, starting with Samuel Adams. Koch helped invent the craft brew category, essentially taking the country back to pre-Prohibition days when the U.S. had hundreds of regional breweries making more flavorful beers for local tastes.\nBoston Beer stock did very well, but then it stalled during 2015-2017 as beer sales overall went flat. In response, Boston Beer helped put a new category on the map — with its Truly Hard Seltzer brand rolled out in 2106. It remains one of the leading hard seltzers.\n“We were drawn to the company because of its history of innovation,” says Ram, referring to her fund’s early position from the second quarter of 2016. “The stock was doing poorly because the beer market was flattening, but they were coming up with Truly Hard Seltzer. Truly was more successful than we anticipated. It created a new category.”\nThis penchant for innovation at Boston Beer has helped keep Ram’s fund in the name. Other successful Boston Beer brands include Twisted Tea, Angry Orchard and Dogfish Head.\nA key takeaway here is that to find innovative companies, look for the ones led by people who have demonstrated a knack for innovation in the past. Innovative managers tend to keep on innovating. Boston Beer continually tests new seltzers, beers, hard ciders, distilled spirits and other drinks. Shareholders are betting they will come through again.\nThey’ll need the help. Boston Beer shares fell 20% on July 23 because so many competitors entered the hard cider niche. Sales grew 33% but net income fell 1.6% as the company jacked up advertising costs to try to combat the competition. The company slashed estimates for the year on an expected slowdown in sales growth.\nBut don’t count out this innovator yet.\n“We recently announced plans to develop new innovative beverages with Beam Suntory that we are planning to launch in early 2022,” Boston Beer’s Koch said. Beam Suntory sells Jim Beam whiskey and other brands of spirits. “We believe these new beverages will further demonstrate our ability to innovate and grow our business as drinker preferences evolve.”\n3. Look for companies that can create and dominate a niche\nFor years as the gig economy emerged, the big credit card companies didn’t really care that much if the local yoga instructor could accept payments with a credit card. SquareSQrecognized this as an opportunity. So it launched its card payment device business in 2009. Since then, it has grown by taking on larger customers, and expanding into new lines of business in financial services such as cash management, debit cards loans and tax filing. Transaction-based revenue grew 27% in the first quarter, and subscription and services revenue soared 88%.\nThis is a great example of a company that created a business niche. But it’s also a “land and expand” company because it grows by offering customers new services. Both qualities help companies maintain the competitive advantage Ram likes see in investments.\n4. Buy companies in the early stages of rapid growth\nOne way to find these is to identify companies developing products that will transform an entire industry. Ram thinks that is the case with Alnylam PharmaceuticalsALNY.It’s developing novel therapies base on a technique called RNA interference (RNAi). Inside the body, messenger RNA (mRNA) encodes proteins we need, based on signals from RNA. Sometimes mRNA gets the signals crossed, and it encodes flawed proteins. This causes diseases.\nAlnylam has developed a way to tweak the RNAi pathway to silence the flawed signaling and block the creation of disease-causing proteins. So far, Alnylam has four approved RNAi-based medicines that treat rare hereditary diseases. The company has a dozen other therapies in clinical studies, including six in late-stage development.\n“This is a completely new area of therapeutics,” says Ram. “It is a platform of products that can treat a variety of conditions.”\n5. Hold stocks for the long term\nAll of the names above are large positions in Ram’s fund, which tells me that Ram and her team think they have considerably more upside. If you buy any of them, though, remember you have to do so with a multi-year time horizon. That’s what Ram’s fund does. It has a low annual portfolio turnover of 27%. It’s important to have a long-term view, because it is so tough to call short-term moves in the stock market or in stocks, and you need to give companies time to develop.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184620344,"gmtCreate":1623713460188,"gmtModify":1634029837954,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575163551534398","authorIdStr":"3575163551534398"},"themes":[],"title":"","htmlText":"If only Elon Musk tweeted that....it would have reached that price by end of June 2021&nbsp;[笑哭]&nbsp;[喷血]&nbsp;[财迷]&nbsp;","listText":"If only Elon Musk tweeted that....it would have reached that price by end of June 2021&nbsp;[笑哭]&nbsp;[喷血]&nbsp;[财迷]&nbsp;","text":"If only Elon Musk tweeted that....it would have reached that price by end of June 2021 [笑哭] [喷血] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/184620344","repostId":"1197453683","repostType":4,"isVote":1,"tweetType":1,"viewCount":1001,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":343703790,"gmtCreate":1617753364210,"gmtModify":1634296764204,"author":{"id":"3575163551534398","authorId":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575163551534398","authorIdStr":"3575163551534398"},"themes":[],"title":"","htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/343703790","repostId":"2125716369","repostType":4,"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}